PT Sarana Mitra Luas Tbk
IIDX:SMIL426.00
IDR
-30.00
(-6.58%)
ISIN
ID1000189103
Return %
Stock
S&P 500
1Y
-29.00
14.39
3Y
200.00
81.42
5Y
- -
68.62
Capital Structure
IDR
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in mil. unless spec.Working Capital
IDR
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in mil. unless spec.Growth Rates
IDR
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in mil. unless spec.Quarterly Revenue
IDR
•
in mil. unless spec.Quarterly Earnings Per Share
IDR
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in mil. unless spec.Quarterly Dividends Per Share
IDR
•
in mil. unless spec.Company Description
- CEO
- Hadi Suhermin
- Full Time Employees
- 1,111
- Sector
- Finance
- Industry
- Finance/Rental/Leasing
- Address
- Jalan Raya Cikarang Bekasi JB Indonesia 17530
- IPO Date
- May 12, 2023
- Website
- sml.co.id
- Similar Companies
- Business
- PT Sarana Mitra Luas Tbk engages primarily in the material handling equipment rental business in Indonesia, specializing in forklift rental. Its core products and services include rental of diesel and electric forklifts, reach trucks, pallet movers, towing equipment, loaders, forklift attachments, as well as forklift lithium batteries and chargers. The company also offers forklift rental with operators, output-based rental services linked to production output, sales of new and used forklifts, and forklift maintenance and repair services. PT Sarana Mitra Luas Tbk provides a range of equipment including engine counterbalance forklifts, electric counterbalance forklifts, reach trucks, warehouse equipment, loaders, and forklift attachments. Founded in 1995 and headquartered in Jakarta, Indonesia, the company serves diverse sectors requiring material handling solutions across Indonesia. Recent major developments include a strategic business expansion into the mining sector through joint operations with local mining companies under the Sarana Cipta Minergi umbrella, aiming to diversify its portfolio and support long-term growth. The company also plans aggressive growth driven by expanding its electric forklift fleet and targeting increased market share from 35% to 50% in the forklift rental business. In 2024-2025, it secured significant capital expenditure financing to acquire new electric forklifts and related lithium battery equipment, reflecting its strategic focus on modernization and sustainability. Additionally, PT Sarana Mitra Luas Tbk conducted a notable share buyback in August 2025 as part of an investment strategy and to reflect its true market value. The company's positioning as a leading provider of forklift rental and material handling solutions is backed by these expansions and modernization efforts, supporting its growth trajectory in both the logistics and mining sectors domestically. It operates mainly within Indonesia, targeting industrial, warehouse, mining, and logistics markets. The company is listed on the Indonesia Stock Exchange under the ticker SMIL.JK. This comprehensive product offering combined with recent strategic moves into mining and electric forklift expansion define its current business profile and growth strategy.