| Revenue growth | 18% YoY in FY26; 16% YoY in Q4 FY26. |
|---|---|
| Margins | PAT growth (31%) significantly outpaced revenue growth (18%). |
| Demand visibility | Strong; outgrowing industry (17% vs 13%). |
| Management confidence | High; experience since Aug'25 reaffirms acquisition rationale. |
Growth
FY26 Revenue grew 18% to ₹2,838 cr; PAT surged 31% to ₹160 cr. Cargo volumes up 28%.
Outlook
Targeting top 3 in ILCV Trucks/Buses with focused HCV play. Integration of supply chains and networks on track.
Risks
Potential integration delays between SML and Mahindra Truck & Bus Division; competitive ILCV market dynamics.
Earnings Call filed with NSE, NSE: SMLMAH. Summary written with AI assistance from the document.
SML Mahindra Ltd: key numbers
- Share price
- ₹6,515.50
- Market cap
- ₹9,429 Cr
- Revenue (annual)
- ₹2,838 Cr
- Net profit (annual)
- ₹159.8 Cr
- P/E (TTM)
- 60.3×Sector 33.0×
- Promoter holding
- 58.97%+0.00% QoQ
- FII holding
- 1.24%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from SML Mahindra Ltd
All →SML Mahindra Annual General Meeting
SML Mahindra's shareholders approved the acquisition of Mahindra & Mahindra’s truck and bus division via a slump sale through a postal ballot.
SML Mahindra Business Update
SML Mahindra Ltd reported August 2026 sales of 1,175 vehicles, a 40% increase over the 842 vehicles sold in August 2025.
SML Mahindra Other Announcement
SML Mahindra Limited has made the Business Valuation Report and Fairness Opinion, referenced in its August 7, 2026 Postal Ballot Notice, available on its website.
SML Mahindra Merger & Restructuring Worth ₹525 Cr
SML Mahindra Limited issued a postal ballot notice seeking shareholder approval for the slump sale acquisition of Mahindra & Mahindra's Truck and Bus Division for ₹525 Crore.
- Value
- ₹525.0 Cr
SML Mahindra Annual General Meeting
SML Mahindra issued a postal ballot notice seeking shareholder approval for acquiring the Truck and Bus Division of Mahindra & Mahindra for Rs. 525 Crore.
- Value
- ₹525.0 Cr
SML Mahindra Business Update
SML Mahindra Limited reported total sales of 1,603 vehicles for July 2026, a 12% increase compared to the 1,427 vehicles sold in July 2025.