	C 2012 Mar 31	C 2013 Mar 31	2014 Mar 31	2015 Mar 31	2016 Mar 31	R 2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31

Period length: Source:	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR
Total Revenue	1,036	1,002	881	1,106	1,164	1,356	1,135	1,409	1,154	591	924	1,822	2,196	2,399	2,838
Cost of Operating Revenue	804	776	682	833	870	1,027	871	1,103	948	519	805	1,509	1,750	1,876	2,225
Gross Profit	232	226	199	273	295	329	264	306	206	72	119	313	446	523	613
Gross Margin	22.3	22.6	22.6	24.7	25.3	24.3	23.3	21.7	17.9	12.2	12.9	17.2	20.3	21.8	21.6
Total Operating Expenses	966	944	862	1,054	1,097	1,268	1,116	1,371	1,179	705	1,008	1,782	2,064	2,212	2,611
Operating Profit	70	58	19	51	68	88	19	38	-25	-113	-84	39	132	187	227
Operating Margin	6.7	5.8	2.1	4.6	5.8	6.5	1.7	2.7	-2.2	-19.1	-9.1	2.2	6.0	7.8	8.0
Financing Income/(Expense) - Net	-5	-13	-5	1	1	-3	-9	-13	-11	-21	-19	-24	-28	-25	-16
Profit before Taxes	60	48	18	49	68	84	9	24	-38	-133	-100	17	106	162	214
Income Taxes	18	12	0	12	17	21	1	5	-17	0	-1	-3	-1	41	54
Profit after Tax	42	36	17	37	51	63	8	20	-21	-133	-100	20	108	122	160
PAT Margin	4.0	3.6	2.0	3.3	4.4	4.6	0.7	1.4	-1.8	-22.6	-10.8	1.1	4.9	5.1	5.6
EPS - Basic - ex Extraordinary Items	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	110.39
EPS - Diluted - ex Extraordinary Items	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	110.39
EBIT	70	58	19	51	68	88	19	38	-25	-113	-84	39	132	187	227
EBITDA	80	70	32	71	87	112	48	77	15	-67	-40	82	179	235	279
EBITDA Margin	7.7	7.0	3.6	6.4	7.5	8.3	4.2	5.4	1.3	-11.3	-4.4	4.5	8.2	9.8	9.8

Balance Sheet

Abridged

Understanding Balance Sheet

SML Mahindra Ltd. balance sheet covering assets, liabilities, equity and borrowings across annual and quarterly periods.

Consolidated

Standalone

Annual

Interim

	2012 Mar 31	C 2013 Mar 31	2014 Mar 31	2015 Mar 31	R 2016 Mar 31	R 2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31

Source:	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR
Total Current Assets	466	494	380	491	493	450	556	657	383	364	420	538	825	903	989
Long-Term Investments	-	0	1	1	-	1	2	-	-	0	1	3	2	1	2
Property Plant & Equipment - Net	134	141	144	157	206	287	380	376	358	330	304	282	275	310	322
Total Non-Current Assets	156	165	171	184	235	335	430	438	476	433	395	398	388	396	408
Total Assets	622	659	551	675	728	785	987	1,095	859	796	816	937	1,213	1,299	1,397
Total Current Liabilities	335	351	225	314	312	281	408	519	320	442	593	685	820	772	790
Long Term Debt	-	-	-	-	0	35	118	104	103	54	15	21	43	65	17
Total Non-Current Liabilities	46	44	49	58	62	101	181	162	154	99	61	74	107	145	88
Total Liabilities	381	395	274	372	374	382	589	681	474	541	654	759	927	917	877
Total Shareholders' Equity	241	264	276	303	354	404	398	414	385	256	161	178	286	383	519
Total Equity	241	264	276	303	354	404	398	414	385	256	161	178	286	383	519
Total Liabilities & Equity	622	659	551	675	728	785	987	1,095	859	796	816	937	1,213	1,299	1,397

Cash Flow

Abridged

Understanding Cash Flow Statement

SML Mahindra Ltd. cash flow statement covering operating, investing and financing activities across annual and quarterly periods.

Consolidated

Standalone

Annual

Interim

	2012 Mar 31	C 2013 Mar 31	2014 Mar 31	2015 Mar 31	2016 Mar 31	C 2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31

Period length: Source:	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR
Operating CF bef Changes in Working Cap	60.57	43.34	25.24	61.15	70.01	87.62	32.44	64.51	9.28	-87.81	-50.87	62.86	156.04	212.07	220.81
Working Capital - Increase/(Decrease)	5.69	-82.97	134.66	3.52	-78.27	33.22	-74.02	-20.92	129.68	20.27	12.77	3.13	-232.73	-59.87	-80.59
Net CF from Operating Activities	66.25	-39.63	159.90	64.67	-8.26	120.84	-41.58	43.59	138.96	-67.54	-38.10	65.99	-76.69	152.20	140.22
Capital Expenditures - Net	20.93	22.00	17.69	34.33	67.04	119.83	99.59	61.36	48.10	19.30	18.98	41.30	37.20	61.73	70.11
Net CF from Investing Activities	-29.57	-32.69	17.96	-104.94	-21.77	-94.30	-99.80	-61.05	-48.92	-30.15	-8.55	-42.67	-47.74	-64.94	-69.62
Dividends Paid - Cash - Total	11.46	11.53	11.50	4.43	8.64	11.36	11.46	2.45	4.30	0.01	0.01	0.01	0.00	22.95	25.84
Debt - LT & ST - Issuance/(Retirement) - Total	15.00	62.09	-162.09	22.29	32.71	-14.89	169.89	27.57	-78.42	83.11	38.52	-30.51	155.76	-95.83	-43.35
Net Cash Flow from Financing Activities	1.50	48.64	-175.64	17.21	22.25	-28.82	155.95	24.95	-83.66	83.11	38.52	-30.51	155.76	-118.98	-69.19
Free Cash Flow to Equity	60.32	0.47	-19.88	52.63	-42.59	-13.88	28.72	9.80	12.44	-3.74	-18.56	-5.82	41.87	-5.36	26.75
Free Operating CF net dividend	33.65	-73.26	130.59	25.85	-83.94	-10.37	-152.73	-20.42	86.35	-87.04	-57.13	24.68	-119.12	67.27	44.05
Free Operating CF	45.11	-61.73	142.09	30.28	-75.30	1.00	-141.27	-17.98	90.65	-87.03	-57.12	24.68	-119.12	90.22	69.89

Business Segment Analysis

FY End:

Mar 26

SML Mahindra Ltd. business segment breakdown covering revenue, operating income and assets across key divisions for the selected financial year.

Capex

Commercial Vehicles and Components (100.0%)₹ 70.33 Cr

Revenue / Sales

Commercial Vehicles and Components (100.0%)₹ 2,837.92 Cr

Assets

Commercial Vehicles and Components (100.0%)₹ 1,396.78 Cr

Operating Income

Commercial Vehicles and Components (100.0%)₹ 226.63 Cr

Regional Segment Analysis

FY End:

Mar 26

SML Mahindra Ltd. geographic revenue split showing domestic and international market performance across revenue and income for the selected financial year.

Revenue / Sales

Domestic (95.3%)₹ 2,705.19 CrOverseas (4.7%)₹ 132.73 Cr

Historical Segment Analysis

Track how SML Mahindra Ltd. segment contributions have evolved over multiple financial years to see which divisions are growing, shrinking or gaining strategic importance.

Capex

Sales

Assets

Operating Income

Business

Regional

Business

	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31

Commercial Vehicles and Components	48	19	19	41	42	62	70

Frequently Asked Questions

What is the revenue of SML Mahindra Ltd.?

The latest trailing twelve month revenue of SML Mahindra Ltd. is ₹ 2,837.92 Cr, reflecting a 1-year growth of 18.30% and a 3-year CAGR of 15.93%. Annual and quarterly revenue trends are available in the Income Statement section.

What is the net profit of SML Mahindra Ltd.?

The latest trailing twelve month net profit (PAT) of SML Mahindra Ltd. is ₹ 159.75 Cr, with a 3-year earnings CAGR of 100.45%. Detailed profit history across annual and quarterly periods is in the Income Statement section.

What is the EBITDA of SML Mahindra Ltd.?

The trailing twelve month EBITDA of SML Mahindra Ltd. is approximately ₹ 226.37 Cr (based on an operating margin of 7.98%). EBITDA reflects core operating profitability before interest, taxes, depreciation and amortisation.

What is the EPS of SML Mahindra Ltd.?

The trailing twelve month Earnings Per Share (EPS) of SML Mahindra Ltd. is 110.39. EPS trends across annual and quarterly periods are visible in the Income Statement section.

What is the debt level of SML Mahindra Ltd.?

The debt-to-equity ratio of SML Mahindra Ltd. stands at 0.56. The interest coverage ratio is 10.91x, reflecting the company's ability to service debt from operating earnings. The full breakdown of total borrowings is in the Balance Sheet section.

What is the book value per share of SML Mahindra Ltd.?

The estimated book value per share of SML Mahindra Ltd. is 358.86 (derived from a P/B ratio of 11.03 and market price of ₹ 3,957.60), reflecting the net asset value attributable to each share. See the Balance Sheet section for a full breakdown.

What is the cash flow from operations of SML Mahindra Ltd.?

The trailing twelve month operating cash flow of SML Mahindra Ltd. is ₹ 140.22 Cr. Annual and quarterly cash flow data is available in the Cash Flow section of the Statements tab.

Does SML Mahindra Ltd. report consolidated or standalone financials?

SML Mahindra Ltd. reports consolidated financials. You can toggle between consolidated and standalone views using the switch at the top of each statement section.