| Management target | Revenue FY31 |
|---|
| Revenue growth | 18% YoY for FY26; 13% for Q1FY27. |
|---|---|
| Margins | PAT margin expansion evident from 31% profit growth vs 18% revenue. |
| Demand visibility | Positive, driven by GST reforms, infra investment, and fleet modernization. |
| Management confidence | High; 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)
Investor Presentation filed with BSE, NSE: SMLMAH. Summary written with AI assistance from the document.
SML Mahindra Ltd: key numbers
- Share price
- ₹6,043.00
- Market cap
- ₹8,745 Cr
- Revenue (annual)
- ₹2,838 Cr
- Net profit (annual)
- ₹159.8 Cr
- P/E (TTM)
- 55.9×Sector 32.1×
- 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.