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    SML Mahindra Limited

    Punjab-based maker of trucks and buses; majority-owned by Mahindra & Mahindra since Aug 2025.

    Capital Goods
    Industrials
    View SMLMAH earnings calls
    ₹4,085.2
    +4.84% from avg

    Overview

    Price

    ₹4,085.2

    Market Cap

    ₹5.5k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    2

    Performance

    Explore SMLMAH

    Promise TrackerConcall Analysis

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1414141414141414
    Reserves370241147163271368429505
    Borrowings185261298265421327254289
    Other Liabilities289279357494506590496588
    Total Liabilities8597968169371.2k1.3k1.2k1.4k
    AssetsFixed Assets426389349356340321368337
    CWIP3516111159847
    Investments00000000
    Other Assets4294034505698619198171.0k
    Total Assets8597968169371.2k1.3k1.2k1.4k

    Valuation

    Cyclical, with too little history

    This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.

    SMLMAH · CYCLICAL_UNMODELABLE

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