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Last Updated: January 27, 2026, 9:27 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 27, 2026, 9:27 pm

Market Cap 5,074 Cr.
Current Price 3,492
Intrinsic Value₹8,015.16
High / Low 4,745/1,028
Stock P/E32.0
Book Value 307
Dividend Yield0.52 %
ROCE27.1 %
ROE36.4 %
Face Value 10.0
PEG Ratio0.18

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 24,686 Cr. 18,785 22,000/6,12530.1 2,6610.21 %30.0 %20.8 % 10.0
SML Mahindra Ltd (SML ISUZU Ltd) 5,074 Cr. 3,492 4,745/1,02832.0 3070.52 %27.1 %36.4 % 10.0
Olectra Greentech Ltd 8,105 Cr. 988 1,714/96556.7 1370.04 %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 1,13,354 Cr. 193 199/95.233.9 21.41.62 %14.3 %28.8 % 1.00
Industry Average59,838.60 Cr4,772.0031.91688.480.78%22.38%25.68%5.40

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

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 410328583632499386680746550332771846555
Expenses 405312540585459364608665505313681741513
Operating Profit 61643473922718145189010542
OPM % 1%5%7%7%8%6%10%11%8%6%12%12%8%
Other Income 0122012122222
Interest 47957811867953
Depreciation 11111012121212121212121213
Profit before tax -9-125322135062291719028
Tax % 0%-86%-7%1%0%6%-4%25%24%29%26%25%26%
Net Profit -9-027322135246221536721
EPS in Rs -6.34-0.0918.5121.9714.571.8536.1532.0615.060.3736.5946.2714.55

Last Updated: January 10, 2026, 2:32 pm

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

  • For Sales, as of Sep 2025, the value is 555.00 Cr.. The value appears to be declining and may need further review. It has decreased from 846.00 Cr. (Jun 2025) to 555.00 Cr., marking a decrease of 291.00 Cr..
  • For Expenses, as of Sep 2025, the value is 513.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 741.00 Cr. (Jun 2025) to 513.00 Cr., marking a decrease of 228.00 Cr..
  • For Operating Profit, as of Sep 2025, the value is 42.00 Cr.. The value appears to be declining and may need further review. It has decreased from 105.00 Cr. (Jun 2025) to 42.00 Cr., marking a decrease of 63.00 Cr..
  • For OPM %, as of Sep 2025, the value is 8.00%. The value appears to be declining and may need further review. It has decreased from 12.00% (Jun 2025) to 8.00%, marking a decrease of 4.00%.
  • For Other Income, as of Sep 2025, the value is 2.00 Cr.. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 2.00 Cr..
  • For Interest, as of Sep 2025, the value is 3.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 5.00 Cr. (Jun 2025) to 3.00 Cr., marking a decrease of 2.00 Cr..
  • For Depreciation, as of Sep 2025, the value is 13.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 12.00 Cr. (Jun 2025) to 13.00 Cr., marking an increase of 1.00 Cr..
  • For Profit before tax, as of Sep 2025, the value is 28.00 Cr.. The value appears to be declining and may need further review. It has decreased from 90.00 Cr. (Jun 2025) to 28.00 Cr., marking a decrease of 62.00 Cr..
  • For Tax %, as of Sep 2025, the value is 26.00%. The value appears to be increasing, which may not be favorable. It has increased from 25.00% (Jun 2025) to 26.00%, marking an increase of 1.00%.
  • For Net Profit, as of Sep 2025, the value is 21.00 Cr.. The value appears to be declining and may need further review. It has decreased from 67.00 Cr. (Jun 2025) to 21.00 Cr., marking a decrease of 46.00 Cr..
  • For EPS in Rs, as of Sep 2025, the value is 14.55. The value appears to be declining and may need further review. It has decreased from 46.27 (Jun 2025) to 14.55, marking a decrease of 31.72.

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

Balance Sheet

Last Updated: January 7, 2026, 4:25 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 14141414141414141414141414
Reserves 262288326389384399370241147163271368429
Borrowings 0225541212246185261298265421327254
Other Liabilities 274350332341377435289279357494506590496
Total Liabilities 5516757277859871,0958597968169371,2131,2991,193
Fixed Assets 143138171215365380426389349356340321368
CWIP 9274078352735161111598
Investments 0000000000000
Other Assets 399511515492587688429403450569861919817
Total Assets 5516757277859871,0958597968169371,2131,2991,193

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

  • For Equity Capital, as of Sep 2025, the value is 14.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 14.00 Cr..
  • For Reserves, as of Sep 2025, the value is 429.00 Cr.. The value appears strong and on an upward trend. It has increased from 368.00 Cr. (Mar 2025) to 429.00 Cr., marking an increase of 61.00 Cr..
  • For Borrowings, as of Sep 2025, the value is 254.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 327.00 Cr. (Mar 2025) to 254.00 Cr., marking a decrease of 73.00 Cr..
  • For Other Liabilities, as of Sep 2025, the value is 496.00 Cr.. The value appears to be improving (decreasing). It has decreased from 590.00 Cr. (Mar 2025) to 496.00 Cr., marking a decrease of 94.00 Cr..
  • For Total Liabilities, as of Sep 2025, the value is 1,193.00 Cr.. The value appears to be improving (decreasing). It has decreased from 1,299.00 Cr. (Mar 2025) to 1,193.00 Cr., marking a decrease of 106.00 Cr..
  • For Fixed Assets, as of Sep 2025, the value is 368.00 Cr.. The value appears strong and on an upward trend. It has increased from 321.00 Cr. (Mar 2025) to 368.00 Cr., marking an increase of 47.00 Cr..
  • For CWIP, as of Sep 2025, the value is 8.00 Cr.. The value appears to be declining and may need further review. It has decreased from 59.00 Cr. (Mar 2025) to 8.00 Cr., marking a decrease of 51.00 Cr..
  • For Investments, as of Sep 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00 Cr..
  • For Other Assets, as of Sep 2025, the value is 817.00 Cr.. The value appears to be declining and may need further review. It has decreased from 919.00 Cr. (Mar 2025) to 817.00 Cr., marking a decrease of 102.00 Cr..
  • For Total Assets, as of Sep 2025, the value is 1,193.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,299.00 Cr. (Mar 2025) to 1,193.00 Cr., marking a decrease of 106.00 Cr..

Notably, the Reserves (429.00 Cr.) exceed the Borrowings (254.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow - No data available for this post.

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow32.0047.0032.0069.00-167.00-172.00-173.00-330.00-339.00-183.00-242.00-92.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

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 27, 2026 is: ₹2,875.62

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 27, 2026, SML Mahindra Ltd (SML ISUZU Ltd) is Overvalued by 17.65% compared to the current share price ₹3,492.00

Intrinsic Value of SML Mahindra Ltd (SML ISUZU Ltd) as of January 27, 2026 is: ₹8,015.16

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 27, 2026, SML Mahindra Ltd (SML ISUZU Ltd) is Undervalued by 129.53% compared to the current share price ₹3,492.00

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: 32 (Industry average Stock P/E: 31.91)
      • 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

What is the intrinsic value of SML Mahindra Ltd (SML ISUZU Ltd)?

SML Mahindra Ltd (SML ISUZU Ltd)'s intrinsic value (as of 27 January 2026) is ₹8015.16 which is 129.53% higher the current market price of ₹3,492.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹5,074 Cr. market cap, FY2025-2026 high/low of ₹4,745/1,028, reserves of ₹429 Cr, and liabilities of ₹1,193 Cr.

What is the Market Cap of SML Mahindra Ltd (SML ISUZU Ltd)?

The Market Cap of SML Mahindra Ltd (SML ISUZU Ltd) is 5,074 Cr..

What is the current Stock Price of SML Mahindra Ltd (SML ISUZU Ltd) as on 27 January 2026?

The current stock price of SML Mahindra Ltd (SML ISUZU Ltd) as on 27 January 2026 is ₹3,492.

What is the High / Low of SML Mahindra Ltd (SML ISUZU Ltd) stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of SML Mahindra Ltd (SML ISUZU Ltd) stocks is ₹4,745/1,028.

What is the Stock P/E of SML Mahindra Ltd (SML ISUZU Ltd)?

The Stock P/E of SML Mahindra Ltd (SML ISUZU Ltd) is 32.0.

What is the Book Value of SML Mahindra Ltd (SML ISUZU Ltd)?

The Book Value of SML Mahindra Ltd (SML ISUZU Ltd) is 307.

What is the Dividend Yield of SML Mahindra Ltd (SML ISUZU Ltd)?

The Dividend Yield of SML Mahindra Ltd (SML ISUZU Ltd) is 0.52 %.

What is the ROCE of SML Mahindra Ltd (SML ISUZU Ltd)?

The ROCE of SML Mahindra Ltd (SML ISUZU Ltd) is 27.1 %.

What is the ROE of SML Mahindra Ltd (SML ISUZU Ltd)?

The ROE of SML Mahindra Ltd (SML ISUZU Ltd) is 36.4 %.

What is the Face Value of SML Mahindra Ltd (SML ISUZU Ltd)?

The Face Value of SML Mahindra Ltd (SML ISUZU Ltd) is 10.0.

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