SML Mahindra Key Ratios
NSE: SMLMAH | BSE: 505192
₹5,121.00
As on 31-Aug-2026 10:24IST
Market cap
₹7,502 Cr
Revenue (TTM)
₹2,950 Cr
P/E Ratio
48
P/B Ratio
12.9
Div. Yield
0.5 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 6.67 | 13.20 | 18.04 | 14.73 | 34.82 |
| EBIT | 12.75 | -6.21 | 5.12 | 48.11 | 33.84 |
| Net Profit | 17.38 | -4.99 | 9.96 | 46.96 | 27.46 |
| EPS | 17.38 | -4.99 | 9.96 | 46.96 | 27.46 |
| Book Value | -- | -- | 35.72 | 42.91 | 15.24 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 7.24 | 2.94 | 7.48 | 7.98 | 7.76 |
| Net Margin
| 5.19 | 1.19 | 5.29 | 5.61 | 5.06 |
| Return on equity
| 39.46 | 16.45 | 32.48 | 35.42 | 36.42 |
| Return on Capital
| 27.54 | 15.15 | -- | 31.21 | 27.35 |
| Return on Assets
| 10.61 | 4.30 | 11.60 | 11.85 | 9.76 |
| Debt to Equity (x)
| -- | -- | 0.02 | 0.54 | 0.84 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
--
|
31.21
|
27.35
|
24.06
|
9.53
|
|
Peer Median
|
--
|
30.35
|
24.06
|
13.62
|
--
|
ROE
32.48
Higher than Peers by 12.34
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
32.48
|
35.42
|
36.42
|
46.55
|
11.69
|
|
Peer Median
|
20.14
|
23.15
|
39.45
|
12.85
|
--
|
ROA
11.60
Lower than Peers by 0.09
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
11.60
|
11.85
|
9.76
|
10.21
|
2.31
|
|
Peer Median
|
11.69
|
11.85
|
12.52
|
5.75
|
--
|
EBIT Margin
7.48
Lower than Peers by 1.32
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
7.48
|
7.98
|
7.76
|
5.98
|
2.15
|
|
Peer Median
|
8.80
|
7.48
|
9.43
|
8.35
|
--
|
Net Margin
5.29
Lower than Peers by 2.67
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
5.29
|
5.61
|
5.06
|
4.90
|
1.09
|
|
Peer Median
|
7.96
|
7.57
|
8.50
|
3.97
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
--
|
7.35
|
6.99
|
6.97
|
3.35
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
18.04
Higher than Peers by 6.57
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
18.04
|
18.30
|
9.25
|
20.55
|
97.11
|
|
Peer Median
|
11.48
|
18.04
|
9.89
|
20.23
|
--
|
EBIT Growth
5.12
Lower than Peers by 14.79
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
5.12
|
21.57
|
41.71
|
235.15
|
146.28
|
|
Peer Median
|
19.91
|
3.32
|
23.38
|
149.33
|
--
|
Net Profit Growth
9.96
Lower than Peers by 2.82
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
9.96
|
31.29
|
12.79
|
443.87
|
119.88
|
|
Peer Median
|
12.78
|
-2.27
|
11.39
|
253.84
|
--
|
EPS Growth
9.96
Lower than Peers by 8.04
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
9.96
|
31.29
|
12.79
|
443.87
|
119.88
|
|
Peer Median
|
18.01
|
-1.37
|
11.39
|
230.04
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
--
|
35.72
|
33.99
|
60.49
|
10.19
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.02
Lower than Peers by 0.01
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
0.02
|
0.54
|
0.84
|
1.46
|
1.45
|
|
Peer Median
|
0.03
|
0.05
|
0.07
|
0.78
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
--
|
0.42
|
0.59
|
1.23
|
1.26
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.25
Higher than Peers by 0.19
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
1.25
|
1.25
|
1.17
|
1.01
|
0.79
|
|
Peer Median
|
1.07
|
1.25
|
1.01
|
0.88
|
--
|
Quick Ratio
0.42
Lower than Peers by 0.26
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
0.42
|
0.42
|
0.42
|
0.30
|
0.17
|
|
Peer Median
|
0.68
|
0.76
|
0.74
|
0.68
|
--
|
Interest Coverage
12.40
Lower than Peers by 5.53
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
12.40
|
11.31
|
6.43
|
4.51
|
1.69
|
|
Peer Median
|
17.93
|
62.84
|
53.13
|
10.27
|
--
|
Operating Efficiency
Debtors to sales
9.16
Higher than Peers by 4.88
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
9.16
|
9.52
|
11.06
|
7.69
|
4.16
|
|
Peer Median
|
4.28
|
3.67
|
4.83
|
6.11
|
--
|
Asset Turnover
2.19
Higher than Peers by 0.88
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
2.19
|
2.14
|
1.95
|
2.11
|
2.16
|
|
Peer Median
|
1.31
|
1.41
|
1.29
|
1.34
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
--
|
33.94
|
32.57
|
20.04
|
15.17
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
--
|
78.50
|
86.84
|
82.01
|
70.40
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
--
|
65.33
|
70.31
|
67.04
|
66.99
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
--
|
47.11
|
49.10
|
35.01
|
18.58
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
47.97
Higher than Peers by 25.53
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
47.97
|
34.36
|
18.61
|
25.64
|
53.78
|
|
Peer Median
|
22.44
|
29.36
|
27.00
|
27.97
|
--
|
Price / Book Value
12.87
Higher than Peers by 9.06
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
12.87
|
10.57
|
5.92
|
9.69
|
5.99
|
|
Peer Median
|
3.81
|
4.22
|
4.86
|
4.65
|
--
|
Dividend Yield
0.45
Lower than Peers by 0.54
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
0.45
|
0.62
|
1.15
|
0.84
|
--
|
|
Peer Median
|
0.99
|
0.94
|
0.84
|
0.80
|
--
|
EV/EBITDA
27.63
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
27.63
|
20.05
|
10.67
|
17.00
|
15.56
|
|
Peer Median
|
--
|
27.28
|
22.00
|
51.34
|
--
|
Market Cap
7,502
Lower than Peers by 4,06,891
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
SML Mahindra
|
7,502
|
5,489
|
2,264
|
2,766
|
1,067
|
|
Peer Median
|
4,14,394
|
1,84,122
|
2,64,384
|
3,08,704
|
--
|