Market closed · data as of 27 Aug 2026 · source NSE via Alphave. Open the live chart →
SML Mahindra (formerly SML Isuzu) manufactures light and medium commercial vehicles — buses, school buses, ambulances and trucks — from its Punjab plant, with a historically strong franchise in the bus segment. Mahindra & Mahindra acquired a controlling stake from Sumitomo Corporation and Isuzu in 2025, after which the company was renamed, positioning it as M&M's platform in the >3.5-tonne CV segment. Revenue is driven by bus and small/medium truck sales to institutional and commercial buyers.
It is a niche but established player in India's light and medium bus market.
SML Mahindra Ltd. is a constituent of NIFTY MICROCAP 250. See where it sits on the market heatmap →
Consolidated annual figures taken from SML Mahindra Ltd.'s own filed statements — not estimates, and not restated by us. The most recent period shown is FY26 (year ended 31 Mar 2026).
| Metric | FY26 | FY25 | FY24 |
|---|---|---|---|
| EPS (basic, ₹) | 110.39 | — | 74.54 |
| Return on equity | 30.8% | 31.8% | 37.8% |
| Return on capital employed | 37.3% | 35.3% | 33.4% |
| Operating margin | 8.0% | 7.8% | 6.0% |
| Net margin | 5.6% | 5.1% | 4.9% |
| EBITDA | ₹278 Cr | ₹235 Cr | ₹179 Cr |
| Free cash flow | ₹86 Cr | ₹115 Cr | ₹-92 Cr |
| Total debt | ₹280 Cr | ₹322 Cr | ₹416 Cr |
| Debt to equity | 0.54 | 0.84 | 1.46 |
| Interest coverage | 10.9 | 6.2 | 4.3 |
| Current ratio | 1.25 | 1.17 | 1.01 |
Open the full income statement, balance sheet and cash flow for SMLMAH →
As disclosed for the quarter ended 30 Jun 2026.
Institutional ownership changes quarter to quarter. See daily FII and DII flows across the market →
Companies Alphave classifies in the same sub-sector, closest by market capitalisation.