Notes / Company

SML Mahindra Ltd.

SMLMAH BSE 505192 ISIN INE294B01019 Commercial Vehicle

Fundamentals

Market cap: ₹5,923 cr
P/E: 37.08×
ROE: 31.80%
Debt / equity: 0.84
Div yield: 0.58%
52-week range: 1767.90 — 5348.00

Research on Tijori Finance

Company snapshot

SML Mahindra Ltd.

Automobile

₹5,565 cr

P/E 35.58×

Latest quarter · Jun 2026

Sales₹958 cr

Net profit₹64 cr

Op. margin+10.4%

EPS₹43.94

Strength & growth

Debt / equity0.54×

Current ratio1.25×

Sales CAGR+8.5%

EPS CAGR+9.1%

The timeline — 2 notes on SML Mahindra Ltd.

July 2026

20 Jul 26 · 6:32 PM IST Brief

Brief · Earnings · Mid cap

SML Mahindra revenue rises 13% in Q1, profit slips on higher costs

Revenue hit ₹957.54 crore, but net profit fell 5% to ₹63.62 crore as employee and inventory costs surged. An unmodified audit opinion and an unquantifiable regulatory overhang mark the quarter.

June 2026

10 Jun 26 · 8:08 PM IST Lead

Lead · Mid cap

SML Mahindra CEO steps down mid-integration, with no permanent successor named.

Dr. Venkataraman Srinivas will leave the top post on June 30, 2026, to take another role within the Mahindra Group. The board has named an interim but provided no timeline for a permanent hire.

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