1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Auto - Manufacturers
SML Mahindra Limited

SML Mahindra Limited

SMLISUZU.NS
SML Mahindra LimitedIN flagNational Stock Exchange of India
4,319.60
INR
+353.60
- -
62.51BMarket Cap
SML Mahindra Limited
SMLISUZU.NS
(National Stock Exchange of India)

Recent

price

4,319.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
702.17
628.82
715.77
692.46
608.96
763.94
799.61
931.37
778.31
966
790.41
403.05
631.74
1,250.22
1,508.28
1,646.38
1,705.35
Revenue per Share
19.44
25.26
28.93
25.18
12.02
25.53
35.35
43.54
5.87
13.53
-14.55
-92.24
-68.94
13.71
74.54
84.08
97.72
Basic EPS, GAAP
92.06
17.63
36.86
-32.83
99.59
23.75
-54.44
83.35
-91.54
-4.39
70.28
-45.71
-26.01
33.69
-63.65
79.81
- -
Free Cash Flow per Basic Share
1.73
4
8
7.97
7.95
3.06
5.97
7.85
7.92
1.47
2.97
0.18
0.08
0.14
0.2
16.05
- -
Dividend per Share
171.85
44.02
60.76
74.06
81.37
97.12
119.31
158.79
155.21
164.38
145.01
54.74
-10.79
0.96
75.34
142.42
- -
Book Value per Share
169.37
142
160.26
176.86
185.45
203.97
240.03
274.28
261.25
264.27
216.74
132.83
69.36
64.3
144.61
215.89
- -
Tangible Book Value per Share
11
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
15
Basic Weighted Avg Shares
7,752
9,100
10,358
10,021
8,813
11,055
11,572
13,478
11,263
13,980
11,439
5,833
9,142
18,093
21,827
23,826
24,824
Sales/Revenue/Turnover
13.9
6.48
13.44
6.1
2.55
4.67
5.84
6.42
1.61
2.59
-2.47
-19.6
-9.18
2.18
6.06
7.85
8.48
Operating Margin (%)
86
89
104
122
128
198
196
238
284
384
407
462
435
424
475
484
487
Depreciation Expense
215
366
419
364
174
369
512
630
85
196
-211
-1,335
-998
198
1,079
1,217
1,422
Net Income, GAAP
29.48
28.85
30.3
24.87
1.77
24.22
25.12
25.12
10.16
19.55
- -
- -
- -
- -
- -
25.07
25.12
Effective Tax Rate (%)
2.77
4.02
4.04
3.64
1.97
3.34
4.42
4.67
0.75
1.4
-1.84
-22.89
-10.91
1.1
4.94
5.11
5.73
Profit Margin (%)
1,555
1,123
1,310
1,428
1,544
1,765
1,812
1,694
1,486
1,377
627
-779
-1,729
-1,468
51
1,316
- -
Working Capital
846
850
- -
- -
- -
- -
5
350
1,185
1,042
1,032
538
146
206
434
650
- -
LT Debt
1,897
2,128
2,412
2,641
2,764
3,029
3,545
4,038
3,981
4,136
3,849
2,556
1,615
1,779
2,856
3,827
- -
Total Equity
25.71
12.77
26.8
11.97
6.28
13.01
13.74
15.13
3.09
4.6
- -
- -
- -
- -
- -
19.77
- -
Return on Invested Capital (%)
11.76
17.01
23.1
15.94
11.62
28.44
27.94
26.94
4.67
6.91
- -
- -
- -
- -
- -
27.01
68.37
Return on Capital (%)
14.99
28.85
55.23
37.35
15.47
28.6
32.67
31.31
3.74
8.46
-9.41
-92.36
- -
- -
195.38
77.22
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
2,620
- -
LT Borrowings
- -
626
- -
LT Finance Leases
- -
25
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
14
- -
Market Capitalization
20,413
22,821
30,718

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
9,033
- -
Cash, Cash Equivalents & STI
- -
67
- -
Accounts Receivable, Net
- -
2,653
- -
Inventories
- -
5,780
- -
Total Current Liabilities
- -
7,717
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
2,620
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.07%
6.85%
33.99%
Free Cash Flow
-353.89%
-190.4%
-225.4%
Net Income, GAAP
74.32%
169.06%
12.79%
Sales/Revenue/Turnover
14.61%
27.09%
9.16%
Total Cash Common Dividend
821.33%
1,613.16%
8,091.85%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,316
4,986
3,861
6,664
21,827
2025
7,460
5,497
3,318
7,550
23,826
2026
8,459
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
21.97
14.57
1.86
- -
74.54
2025
32.06
15.06
0.36
- -
84.08
2026
46.27
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.2
2025
- -
- -
- -
- -
16.05
2026
- -
- -
- -
- -
- -
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Business
SML Isuzu Limited (NSE: SMLISUZU) manufactures and sells commercial vehicles, including trucks, buses, pick-ups, tippers, and related chassis in India. The company offers a range of products such as the Super Executive luxury bus, Exciter school bus, Sarjoo mini bus, Trojan pick-up, and 407 series light commercial vehicles; it also provides maintenance, spare parts, and after-sales services through an extensive dealer network. Headquartered in Satara, Maharashtra, India, SML Isuzu was originally established in 1983 as Southern Motor Ltd. and later rebranded to reflect its technical collaboration with Isuzu Motors of Japan. The company operates primarily in the commercial vehicle segment of the automotive industry, targeting logistics, passenger transport, construction, and agriculture sectors across India with exports to select neighboring countries. Its manufacturing facility in Paonta Sahib, Himachal Pradesh, supports production capacities exceeding 15,000 units annually, emphasizing diesel engines and robust chassis designs compliant with BS-VI emission standards. In recent developments, SML Isuzu launched updated BS-VI compliant models including the 2516TIL tipper and enhanced 13.9m Samrat Artic bus in 2024, expanding its heavy-duty portfolio. The company strengthened its market position through strategic dealer network expansions in southern and eastern India during 2024-2025, alongside participation in key industry events like the Bharat Mobility Expo 2025 to showcase electric vehicle prototypes. No major acquisitions or funding rounds were reported in the last two years, with focus remaining on operational efficiency and emission-compliant upgrades.