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Last Updated: January 2, 2026, 8:29 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 505192 | NSE: SMLMAH

SML Mahindra Ltd (SML ISUZU Ltd): Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: January 2, 2026, 8:29 pm

Market Cap 5,912 Cr.
Current Price 4,086
High / Low 4,745/1,028
Stock P/E41.8
Book Value 307
Dividend Yield0.44 %
ROCE27.1 %
ROE36.4 %
Face Value 10.0
PEG Ratio0.23

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for SML Mahindra Ltd (SML ISUZU Ltd)

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Force Motors Ltd 27,973 Cr. 21,230 22,000/6,12534.1 2,6610.19 %30.0 %20.8 % 10.0
SML Mahindra Ltd (SML ISUZU Ltd) 5,912 Cr. 4,086 4,745/1,02841.8 3070.44 %27.1 %36.4 % 10.0
Olectra Greentech Ltd 10,244 Cr. 1,248 1,714/97471.7 1370.03 %20.5 %14.3 % 4.00
Tata Motors Ltd 1,47,974 Cr. 402 538/3246.84 3161.49 %20.0 %28.1 % 2.00
Ashok Leyland Ltd 1,10,887 Cr. 189 190/95.233.2 21.41.66 %14.3 %28.8 % 1.00
Industry Average60,598.00 Cr5,431.0037.53688.480.76%22.38%25.68%5.40

All Competitor Stocks of SML Mahindra Ltd (SML ISUZU Ltd)

Quarterly Result

MetricJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Sales 500410328583632499386680746550332771846
Expenses 483405312540585459364608665505313681741
Operating Profit 17616434739227181451890105
OPM % 3%1%5%7%7%8%6%10%11%8%6%12%12%
Other Income 0012201212222
Interest 54795781186795
Depreciation 11111110121212121212121212
Profit before tax 2-9-1253221350622917190
Tax % 0%0%-86%-7%1%0%6%-4%25%24%29%26%25%
Net Profit 2-9-0273221352462215367
EPS in Rs 1.62-6.34-0.0918.5121.9714.571.8536.1532.0615.060.3736.5946.27

Last Updated: August 1, 2025, 11:25 am

Below is a detailed analysis of the quarterly data for SML Mahindra Ltd (SML ISUZU Ltd) based on the most recent figures (Jun 2025) and their trends compared to the previous period:

  • For Sales, as of Jun 2025, the value is 846.00 Cr.. The value appears strong and on an upward trend. It has increased from 771.00 Cr. (Mar 2025) to 846.00 Cr., marking an increase of 75.00 Cr..
  • For Expenses, as of Jun 2025, the value is 741.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 681.00 Cr. (Mar 2025) to 741.00 Cr., marking an increase of 60.00 Cr..
  • For Operating Profit, as of Jun 2025, the value is 105.00 Cr.. The value appears strong and on an upward trend. It has increased from 90.00 Cr. (Mar 2025) to 105.00 Cr., marking an increase of 15.00 Cr..
  • For OPM %, as of Jun 2025, the value is 12.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 12.00%.
  • For Other Income, as of Jun 2025, the value is 2.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 2.00 Cr..
  • For Interest, as of Jun 2025, the value is 5.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 9.00 Cr. (Mar 2025) to 5.00 Cr., marking a decrease of 4.00 Cr..
  • For Depreciation, as of Jun 2025, the value is 12.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 12.00 Cr..
  • For Profit before tax, as of Jun 2025, the value is 90.00 Cr.. The value appears strong and on an upward trend. It has increased from 71.00 Cr. (Mar 2025) to 90.00 Cr., marking an increase of 19.00 Cr..
  • For Tax %, as of Jun 2025, the value is 25.00%. The value appears to be improving (decreasing) as expected. It has decreased from 26.00% (Mar 2025) to 25.00%, marking a decrease of 1.00%.
  • For Net Profit, as of Jun 2025, the value is 67.00 Cr.. The value appears strong and on an upward trend. It has increased from 53.00 Cr. (Mar 2025) to 67.00 Cr., marking an increase of 14.00 Cr..
  • For EPS in Rs, as of Jun 2025, the value is 46.27. The value appears strong and on an upward trend. It has increased from 36.59 (Mar 2025) to 46.27, marking an increase of 9.68.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 15, 2025, 4:25 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 8811,1061,1661,3561,1351,4091,1545919241,8222,1962,3992,498
Expenses 8501,0361,0791,2461,0901,3351,1426609651,7402,0172,1642,240
Operating Profit 326987110457412-69-4182179235258
OPM % 4%6%7%8%4%5%1%-12%-4%4%8%10%10%
Other Income 5564345563568
Interest 6656111615232225303027
Depreciation 13202024283841464442484849
Profit before tax 18496884924-38-133-10017106162190
Tax % 2%24%25%25%10%20%-45%0%-1%-15%-1%25%
Net Profit 17375163820-21-133-10020108122142
EPS in Rs 12.0225.5335.3543.545.8713.52-14.55-92.24-68.9413.7174.5584.0898.29
Dividend Payout % 25%24%23%18%26%22%0%0%0%0%21%21%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)117.65%37.84%23.53%-87.30%150.00%-205.00%-533.33%24.81%120.00%440.00%12.96%
Change in YoY Net Profit Growth (%)0.00%-79.81%-14.31%-110.83%237.30%-355.00%-328.33%558.15%95.19%320.00%-427.04%

SML Mahindra Ltd (SML ISUZU Ltd) has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Last Updated: September 5, 2025, 1:31 pm

No data available for the Balance Sheet data table.

Reserves and Borrowings Chart

Cash Flow - No data available for this post.

Free Cash Flow Chart

No data available for the Financial Efficiency data table.

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Promoters43.96%43.96%43.96%43.96%43.96%43.96%43.96%43.96%43.96%43.96%43.96%43.96%
FIIs1.76%16.69%16.68%15.11%15.28%15.43%15.81%15.32%15.35%15.32%15.24%15.73%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.07%0.05%0.00%0.04%0.29%
Public54.27%39.35%39.34%40.92%40.76%40.59%40.22%40.65%40.63%40.72%40.76%40.02%
No. of Shareholders27,55326,79425,68724,11324,88325,02325,44727,36729,46529,44529,91528,716

No data available for the Shareholding Pattern chart.

No data available for the No. of Shareholders chart.

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Revenue From Operations [Net]2378.702179.671807.31912.28580.18
Other Operating Revenues20.3016.2614.2811.8911.30
Total Operating Revenues2398.992195.931821.59924.17591.48
Other Income6.055.413.125.964.49
Total Revenue2405.052201.341824.71930.13595.97
Cost Of Materials Consumed1726.481754.801491.83723.98440.92
Purchase Of Stock-In Trade87.8578.4178.4854.4037.17
Changes In Inventories Of FG,WIP And Stock-In Trade7.79-135.89-109.12-20.92-7.42
Employee Benefit Expenses206.26195.69172.45132.78133.47
Finance Costs29.8830.3525.0421.5123.34
Depreciation And Amortisation Expenses48.3547.5242.4343.5346.17
Other Expenses136.06124.00106.3175.1355.69
Total Expenses2242.672094.891807.431030.40729.34
Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax162.38106.4517.28-100.27-133.37
Profit/Loss Before Tax162.38106.4517.28-100.27-133.37
Current Tax3.620.000.000.000.00
Deferred Tax37.39-1.50-2.320.000.12
Tax For Earlier Years-0.310.08-0.24-0.510.00
Total Tax Expenses40.70-1.43-2.56-0.510.12
Profit/Loss After Tax And Before ExtraOrdinary Items121.67107.8819.84-99.76-133.49
Profit/Loss From Continuing Operations121.67107.8819.84-99.76-133.49
Profit/Loss For The Period121.67107.8819.84-99.76-133.49
Basic EPS (Rs.) 84.0874.5413.71-68.94-92.24
Diluted EPS (Rs.) 84.0874.5413.71-68.94-92.24
Equity Share Dividend23.150.000.000.000.00
Equity Dividend Rate (%)180.00160.000.000.000.00

After reviewing the key financial ratios for SML Mahindra Ltd (SML ISUZU Ltd), here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 84.08. This value is within the healthy range. It has increased from 74.54 (Mar 24) to 84.08, marking an increase of 9.54.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 84.08. This value is within the healthy range. It has increased from 74.54 (Mar 24) to 84.08, marking an increase of 9.54.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of SML Mahindra Ltd (SML ISUZU Ltd) as of January 5, 2026 is: ₹3,753.30

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of January 5, 2026, SML Mahindra Ltd (SML ISUZU Ltd) is Overvalued by 8.14% compared to the current share price ₹4,086.00

Intrinsic Value of SML Mahindra Ltd (SML ISUZU Ltd) as of January 5, 2026 is: ₹10,461.50

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of January 5, 2026, SML Mahindra Ltd (SML ISUZU Ltd) is Undervalued by 156.03% compared to the current share price ₹4,086.00

Last 5 Year EPS CAGR: 178.73%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in SML Mahindra Ltd (SML ISUZU Ltd):
    1. Net Profit Margin: 0%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 0% (Industry Average ROCE: 22.38%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 0% (Industry Average ROE: 25.68%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 0
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 41.8 (Industry average Stock P/E: 37.53)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

SML Mahindra Ltd. is a Public Limited Listed company incorporated on 26/07/1983 and has its registered office in the State of Punjab, India. Company's Corporate Identification Number(CIN) is L50101PB1983PLC005516 and registration number is 005516. Currently Company is involved in the business activities of Manufacture of motor vehicles. Company's Total Operating Revenue is Rs. 2398.99 Cr. and Equity Capital is Rs. 14.48 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Auto - LCVs/HCVsVillage Asron, Distt. Shahid Bhagat Singh Nagar, Nawanshahr Punjab 144533Contact not found
Management
NamePosition Held
Mr. Vinod Kumar SahayExecutive Chairman
Mr. Chandra Shekhar VermaIndependent Director
Dr. Venkataraman SrinivasExecutive Director & CEO
Mr. Ravi VenkatramanIndependent Director
Mr. Arun Kumar MalhotraIndependent Director
Mr. Smita MankadIndependent Director
Mr. Mahima ChughNon Exe.Non Ind.Director
FAQ: Stock data is invalid or not in the correct format.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in SML Mahindra Ltd (SML ISUZU Ltd). Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE