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SMLM.NS — NSE (India) Heavy Machinery & Vehicles

SML Mahindra Ltd

$3 863,60

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LatestSML Mahindra to acquire M&M truck and bus division in consolidation move

Last 30 days

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Mcap

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P/E

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EV / Rev

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Div yield

0,63 %

Op margin

8,0 %

ROE

30,8 %

Net margin

5,6 %

Debt / equity

0,56

Beta

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52w range

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Volume

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Day range

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Prev close

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Ex-dividend

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TR 1Y

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About

SML Mahindra Ltd is a manufacturer of heavy machinery and vehicles, primarily generating revenue through the production and sale of industrial goods.

Business. SML Mahindra Ltd (SMLM.NS) is an Indian industrial goods company operating in the heavy machinery and vehicles industry. The firm generates revenue through the sale of products within this sector. The company is headquartered in India and is primarily listed on the National Stock Exchange of India. Specific details regarding its operating segments and geographic revenue mix are not provided.

Classification92 %

SectorIndustrials

Business sectorIndustrial Goods

IndustryHeavy Machinery & Vehicles

ActivityIndustrial Goods

Generated · model-assisted

Sell-side consensus

—consensus pending

— buy— hold— sell

Avg 12m price target—

Upcoming events

— missing data

See all catalysts →

At a glance

Score

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not yet scored

Valuation

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valuation pending

Analysts

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not yet wired

Ownership

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not yet wired

Profitability→

30,8 %

return on equity

Quality

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not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

MARKETSSML Mahindra to acquire M&M truck and bus division in consolidation move2026-07-29

Sector rotation

Sector1D1Mvs mkt

Materials+2,3 %+6,6 %+1,7 %

Communication Services+2,2 %−5,5 %+1,6 %

Energy+0,6 %+3,3 %+0,0 %

Health Care+0,6 %−0,8 %+0,0 %

Information Technology+0,6 %+6,7 %+0,0 %

Consumer Discretionary+0,4 %+7,6 %−0,2 %

Financials−0,3 %−2,8 %−0,9 %

Consumer Staples−0,4 %+2,5 %−1,0 %

Real Estate−0,7 %+10,9 %−1,3 %

Industrials · THIS SECTOR−1,9 %−3,1 %−2,5 %

Utilities−1,9 %+28,2 %−2,5 %

Developing storylines

No tracked sagas currently linked to SMLM.NS. Browse all sagas →

Analysis

AI analysis

Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

Opportunity

— missing data

Upcoming catalysts

Scheduled public events. Informational only — not investment advice.

Macro
Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
Macro & political
ElectionSE Swedish Election2026-09-14 · SE
ElectionUS U.S. Midterms2026-11-03 · US
ElectionFR French Legislative2027-06-01 · FR

Pre-earnings brief

— missing data

Signals & dispatch

peak dispatch · 2026-07-29

Composite-score breakdown

Synthesis

Business

SML Mahindra Ltd (SMLM.NS) is an Indian industrial goods company operating in the heavy machinery and vehicles industry. The firm generates revenue through the sale of products within this sector. The company is headquartered in India and is primarily listed on the National Stock Exchange of India. Specific details regarding its operating segments and geographic revenue mix are not provided.

Classification92 %

SectorIndustrials

Business sectorIndustrial Goods

IndustryHeavy Machinery & Vehicles

ActivityIndustrial Goods

AI synthesis

GENERATED

SML Mahindra Ltd maintains a debt-to-equity ratio of 0.56, indicating a moderate reliance on debt financing relative to equity. The company's liquidity position is characterized as medium risk, with a current ratio of 1.25, suggesting it has sufficient short-term assets to cover its short-term liabilities, but with limited buffer. Free cash flow stands at INR 1,156.1 million, which is a positive sign of operational efficiency and capacity to fund future growth or dividends.

Profitability metrics show a return on equity (ROE) of 30.76% and a return on assets (ROA) of 11.44%, both of which are strong indicators of efficient capital utilization and asset management. These figures suggest that SML Mahindra Ltd is outperforming the typical industrial goods firm in terms of generating returns from its equity and asset base.

The company's revenue is concentrated in the industrial goods segment, with no disclosed geographic diversification in the latest financial data. This concentration may expose the company to sector-specific risks, such as demand fluctuations in the machinery and vehicle markets.

Looking ahead, the company is expected to maintain a stable growth trajectory, with no significant revenue growth or decline projected in the next fiscal year. The capital expenditure of INR -703.3 million indicates a reduction in investment in new assets, which may signal a shift in strategic focus or a response to market conditions.

The risk assessment highlights a key flag: net cash is negative after subtracting total debt, indicating that the company's cash reserves are insufficient to cover its long-term obligations. However, the dilution risk is assessed as low, with no immediate pressure from share issuance or other dilutive events.

Recent filings and transcripts do not indicate any material events that would significantly alter the company's financial or operational outlook in the near term. The company appears to be operating within a stable regulatory and market environment, with no disclosed geopolitical risks that would impact its operations.

Key takeaways

SML Mahindra Ltd demonstrates strong profitability with a ROE of 30.76% and ROA of 11.44%.
The company's liquidity position is moderate, with a current ratio of 1.25 and free cash flow of INR 1,156.1 million.
Revenue is concentrated in the industrial goods segment, with no geographic diversification disclosed.
The company is expected to maintain a stable growth trajectory with no significant revenue changes projected.
The risk assessment indicates a low dilution risk and a medium liquidity risk, with a key flag on negative net cash after debt.

Bull / Bear case

Generated · model-assisted

— missing data

In focus — financials by report

Valuation

Market price

$3 863,60

Market cap

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Enterprise valueⓘ

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P/Eⓘ

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Non-GAAP P/Eⓘ

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EV / Revenueⓘ

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EV / Op incomeⓘ

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EV / OCFⓘ

—

P / Bⓘ

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P / Tangible bookⓘ

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Tangible book

$5.19B

Net cashⓘ

-$2.68B

Current ratioⓘ

1.2

Debt / equityⓘ

0.6

ROAⓘ

11.4%

ROEⓘ

30.8%

Cash conversionⓘ

98.0%

CapEx / revenueⓘ

-2.5%

SBC / revenueⓘ

—

Dilution ratioⓘ

0.0%

Revenue by segment

Business relationships

— missing data

Supply chain

— missing data

Peer comparison

— missing data

Market position

Stress test

— missing data

Predictor forecast

Options

— missing data

Short squeeze

— missing data

Earnings-call key lines

— missing data

Estimate revisions

consensus EPS · 26-week trend

— missing data

Sell-side observations

— missing data

Themes

— missing data

ESG

— missing data

Risk factors

Dilution riskLow

Liquidity riskMedium

Filing-based flags

Net cash is negative after subtracting total debt.

Benchmarks vs cohort

Op Margin8,0 %Above median

Net Margin5,6 %Above median

ROE30,8 %Best in class

Capex / Rev-2,5 %Above median

D/E0,56Below median

Cash Conv0,98Below median

Corporate actions / M&A

— missing data

FX exposure

— missing data

Comparable transactions

— missing data

Derivatives & instruments

— missing data

Actions

Set alert Open in charts

Ask Handelsavisen

— missing data

Data sources

Market data
Market data cache
Issuer disclosures
Public news
Earnings transcripts
Consensus estimates
ESG data

How metrics are computed

Dilution Ratio
(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
Net Cash
cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
Capex To Revenue
capital_expenditure / revenue
Return On Equity
net_income / total_equity
Debt To Equity
(short_term_debt + long_term_debt) / total_equity
Cash Conversion Ratio
operating_cash_flow / net_income

Source documents

SML Mahindra Ltd Market data — financials · 2026-05-29

Ownership & reference

Insider activity

— missing data

Short positioning

— missing data

Geographic breakdown

— missing data

Listings · one canonical issuer all listings resolve to the canonical

SMLM.NSCanonical

NSE (India) · USD

Intel & risk

peak dispatch · 2026-07-29

OSINT findings

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Evidence & claims

From filings & derived data

— missing data

The Thread

Everything we know, in order

2026-07-29 14:06 UTCNEWSSML Mahindra to acquire M&M truck and bus division in consolidation move →

The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.

Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage

At a glance

What drives this business

News & coverage

Sector rotation

Developing storylines

Analysis

Opportunity

Upcoming catalysts

Pre-earnings brief

Signals & dispatch

Composite-score breakdown

Synthesis

Bull / Bear case

In focus — financials by report

Valuation

Revenue by segment

Market share

Business relationships

Supply chain

Peer comparison

Market position

Stress test

Predictor forecast

Options

Short squeeze

Earnings-call key lines

Estimate revisions

Sell-side observations

Themes

ESG

Risk factors

Benchmarks vs cohort

Corporate actions / M&A

FX exposure

Comparable transactions

Derivatives & instruments

Actions

Ask Handelsavisen

Ownership & reference

Insider activity

Short positioning

Geographic breakdown

Intel & risk

Evidence & claims

The Thread