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Investor Presentation

SML Mahindra Investor Presentation: Key Takeaways

SML Mahindra delivered record performance in FY26 following Mahindra's acquisition. Management aims for industry leadership in ILCV buses and a top 3 position in ILCV trucks.

Guidance and delivery
Management target Revenue FY31
Highlights
Revenue growth18% YoY for FY26; 13% for Q1FY27.
MarginsPAT margin expansion evident from 31% profit growth vs 18% revenue.
Demand visibilityPositive, driven by GST reforms, infra investment, and fleet modernization.
Management confidenceHigh; aiming for Top 3 in ILCV and 'Industry Leadership'.

Growth

FY26 revenue grew 18% to ₹2,838 Cr; PAT rose 31% to ₹160 Cr. Q1FY27 revenue up 13%.

Outlook

Targeting ₹12,500 Cr business by FY31 with 20%+ market share by FY36. Focus on premium positioning and alternate fuels.

Risks

Integration complexities of two-brand strategy and intense competition in the HCV segment.

Last quarter's promises, checked

Delivered

  • Integrated leadership team → common CEO/CFO/COO appointed (= BEAT)
  • Service touchpoints expansion → 70/150 operational by Q4 (= BEAT)
  • FY26 Revenue growth → 18% YoY growth (= BEAT)

Partly delivered

  • Cargo market share → Annual gain of 20bps but Q4 standalone decline (= PARTIAL)
Source

Investor Presentation filed with BSE, NSE: SMLMAH. Summary written with AI assistance from the document.

Read the document ↗

SML Mahindra Ltd: key numbers

Share price
₹6,825.50
Market cap
₹9,878 Cr
Revenue (annual)
₹2,838 Cr
Net profit (annual)
₹159.8 Cr
P/E (TTM)
63.1×Sector 33.6×
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.

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22:07 IST BSE
Annual General Meeting

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.