SML Mahindra Ltd Share Price ₹3,884 | P/E 32.9

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of SML Mahindra Ltd

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	583	632	499	386	680	746	550	332	771	846	555	539	898
Expenses +	540	585	459	364	608	665	505	313	681	741	513	498	807
Operating Profit	43	47	39	22	71	81	45	18	90	105	42	41	90
OPM %	7%	7%	8%	6%	10%	11%	8%	6%	12%	12%	8%	8%	10%
Other Income +	2	2	0	1	2	1	2	2	2	2	2	2	3
Interest	9	5	7	8	11	8	6	7	9	5	3	6	7
Depreciation	10	12	12	12	12	12	12	12	12	12	13	13	13
Profit before tax	25	32	21	3	50	62	29	1	71	90	28	24	73
Tax %	-7%	1%	0%	6%	-4%	25%	24%	29%	26%	25%	26%	25%	25%
Net Profit +	27	32	21	3	52	46	22	1	53	67	21	18	54
EPS in Rs	18.51	21.97	14.57	1.85	36.15	32.06	15.06	0.37	36.59	46.27	14.55	12.12	37.45

Financials of SML Mahindra Ltd

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	1,106	1,166	1,356	1,135	1,409	1,154	591	924	1,822	2,196	2,399	2,838
Expenses +	1,036	1,079	1,246	1,090	1,335	1,142	660	965	1,740	2,017	2,164	2,560
Operating Profit	69	87	110	45	74	12	-69	-41	82	179	235	278
OPM %	6%	7%	8%	4%	5%	1%	-12%	-4%	4%	8%	10%	10%
Other Income +	5	6	4	3	4	5	5	6	3	5	6	8
Interest	6	5	6	11	16	15	23	22	25	30	30	21
Depreciation	20	20	24	28	38	41	46	44	42	48	48	52
Profit before tax	49	68	84	9	24	-38	-133	-100	17	106	162	214
Tax %	24%	25%	25%	10%	20%	-45%	0%	-1%	-15%	-1%	25%	25%
Net Profit +	37	51	63	8	20	-21	-133	-100	20	108	122	160
EPS in Rs	25.53	35.35	43.54	5.87	13.52	-14.55	-92.24	-68.94	13.71	74.55	84.08	110.39
Dividend Payout %	24%	23%	18%	26%	22%	0%	0%	0%	0%	21%	21%	21%

Financials of SML Mahindra Ltd

Capital structure and asset base

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	14	14	14	14	14	14	14	14	14	14	14	14
Reserves	288	326	389	384	399	370	241	147	163	271	368	505
Borrowings +	22	55	41	212	246	185	261	298	265	421	327	289
Other Liabilities +	350	332	341	377	435	289	279	357	494	506	590	588
Total Liabilities	675	727	785	987	1,095	859	796	816	937	1,213	1,299	1,397
Fixed Assets +	138	171	215	365	380	426	389	349	356	340	321	361
CWIP	27	40	78	35	27	3	5	16	11	11	59	23
Investments	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets +	511	515	492	587	688	429	403	450	569	861	919	1,013
Total Assets	675	727	785	987	1,095	859	796	816	937	1,213	1,299	1,397

Financials of SML Mahindra Ltd

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	69	-12	121	-33	55	150	-47	-19	90	-50	177	156
Cash from Investing Activity +	-103	-13	-89	-98	-58	-47	-28	-7	-42	-46	-61	-66
Cash from Financing Activity +	11	17	-34	146	10	-97	60	17	-55	127	-148	-89
Net Cash Flow	-23	-8	-2	15	8	6	-15	-8	-7	31	-32	1
Free Cash Flow	34	-79	1	-132	-6	102	-66	-38	49	-87	116	86
CFO/OP	109%	9%	132%	-60%	80%	1,259%	67%	71%	103%	-27%	76%	75%

Financials of SML Mahindra Ltd

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	34	32	31	38	38	12	24	31	15	28	40	35
Inventory Days	129	146	107	158	146	109	202	143	105	125	116	111
Days Payable	90	74	70	92	94	67	142	118	73	71	74	68
Cash Conversion Cycle	73	104	69	104	91	54	84	56	48	81	82	78
Working Capital Days	29	41	44	41	28	8	-69	-74	-31	-7	17	23
ROCE %	19%	20%	22%	4%	6%	-4%	-20%	-16%	9%	24%	27%	31%