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    Finance/Rental/Leasing
PT Sarana Mitra Luas Tbk

PT Sarana Mitra Luas Tbk

IIDX:SMIL
426.00
IDR
-30.00
(-6.58%)
2.47TMarket Cap
PT Sarana Mitra Luas Tbk
IDX:SMIL
(Indonesia Stock Exchange)

Recent

price

426.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
IDR
29.15
31.75
34.42
30.07
40.8
41.82
46.84
- -
Revenue per Share
4.07
5.77
8.56
6.69
9.45
9.21
7.56
- -
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
1.9
3.69
- -
Dividend per Share
28.46
34.23
42.79
46.23
75.15
82.5
84.55
91.45
Book Value per Share
28.46
34.23
42.79
46.23
75.15
82.5
84.55
91.45
Tangible Book Value per Share
8,750
8,750
8,750
8,750
8,750
8,750
8,737
8,717
Basic Weighted Avg Shares
255,057
277,820
301,147
263,133
356,998
365,929
409,279
- -
Sales/Revenue/Turnover
21.82
26.58
32.64
25.98
28.37
25.08
25.44
- -
Operating Margin (%)
1,056
1,355
693
1,329
1,413
1,812
2,711
- -
Depreciation Expense
35,630
50,516
74,925
58,499
82,705
80,613
66,029
- -
Net Income, GAAP
- -
- -
- -
- -
10.34
11.27
19.53
- -
Effective Tax Rate (%)
13.97
18.18
24.88
22.23
23.17
22.03
16.13
- -
Profit Margin (%)
2,548
32,300
42,971
46,827
94,001
433,429
273,496
248,432
Working Capital
166,668
110,486
66,734
61,988
40,007
294,950
312,389
314,949
LT Debt
249,034
299,525
374,452
404,469
657,607
721,880
736,409
796,490
Total Equity
- -
- -
- -
- -
13.8
9.62
8.19
- -
Return on Invested Capital (%)
- -
- -
- -
- -
13.58
9.72
8.21
- -
Return on Capital (%)
- -
18.42
22.23
15.02
15.57
11.69
9.06
- -
Return on Common Equity (%)

Capital Structure

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
81,947
81,342
61,514
LT Borrowings
312,389
311,781
314,949
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8,710
8,710
8,710
Market Capitalization
3,152,900
2,003,224
2,473,546

Working Capital

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
374,465
346,722
329,464
Cash, Cash Equivalents & STI
160,066
98,617
80,645
Accounts Receivable, Net
119,002
142,719
135,926
Inventories
86,633
96,245
105,914
Total Current Liabilities
100,969
98,726
81,033
Payables & Accruals
- -
- -
- -
ST Debt
81,947
81,342
61,514
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
21.48%
2.01%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
9.43%
-18.09%
Sales/Revenue/Turnover
- -
9.16%
11.85%
Total Cash Common Dividend
- -
- -
94.27%

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
97,498
80,620
89,749
98,063
365,929
2025
100,448
109,806
- -
83,834
409,279
2026
128,828
122,006
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.07
1.12
2.27
2.75
9.21
2025
3.1
2.66
- -
-1.37
7.56
2026
3.52
3.37
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.9
2025
- -
- -
- -
- -
3.69
2026
- -
- -
- -
- -
- -
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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.