Sml Mahindra Limited

BSE: 505192 NSE: SMLISUZU
Sml Mahindra Limited - automotive in Nawanshahr, Punjab, India. FY 2026 financials & compliance.
CIN L50101PB1983PLC005516 Incorporated 26 July 1983 ROC Chandigarh HQ Nawanshahr, Punjab, India
Active Listed - NSE: SMLISUZU · BSE: 505192 Public Limited Company automotive
Data last updated
Market Cap
₹9,428 Cr
SMLMAH · NSE
Share Price
₹6,616.50
+1.55% today
Revenue
₹2,838 Cr
FY 2025-26 · +18.3% YoY
EBITDA
₹278 Cr
Margin 9.8%
Net Profit
₹160 Cr
FY 2025-26 · +31.4% YoY
P/E (TTM)
63.1x
P/B 19.0x
ROE
35.4%
ROCE 28.8%
Debt / Equity
0.68
Interest cover 9.2x

About Sml Mahindra Limited

Data last updated: 29 September 2026

Sml Mahindra Limited is a public limited company based in Nawanshahr, Punjab, India. It specialises in commercial vehicles and fleet, a part of the broader automotive sector. Incorporated on 26 July 1983, the company has been in operation for over 43 years.

Registered with ROC Chandigarh under CIN L50101PB1983PLC005516. Listed on BSE: 505192 and NSE: SMLISUZU.

Capital: an authorised share capital of ₹40 Cr and a paid-up capital of ₹14.47 Cr. Formerly known as Swaraj Vehicles Limited and Swaraj Mazda Limited. It is led by directors including Chandra Shekhar Verma and Ravi Venkatraman.

Last AGM: 26 September 2025. Financial statements filed for year ended 31 March 2025. Office: Village Asron District Nawanshahr, Punjab, India – 144533.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹2,837.92 Cr, a growth of 18.3% compared to the previous year. The net worth stands at ₹519.34 Cr (up 35.72% YoY). Total assets are valued at ₹858.33 Cr (up 11.2% YoY).

The company has a workforce of approximately 1,009 employees as per the latest available data.

The company is associated with 1 brand - Sml Isuzu. As per MCA filings, the company has open charges of ₹602.29 Cr and satisfied charges of ₹581.67 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website smlisuzu.com.

Company Details of Sml Mahindra Limited
CIN L50101PB1983PLC005516
Registration Number 005516
Incorporation Date 26 July 1983
ROC Chandigarh
Listing Status Listed (BSE: 505192, NSE: SMLISUZU)
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Venkataraman Srinivas Whole-Time Director Vinod Kumar Sahay Whole-Time Director Chandra Shekhar Verma Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    smlisuzu.com
  • Social Media
  • Registered Address
    Village Asron District Nawanshahr, Punjab, India – 144533
  • Industry
    Automotive, Commercial Vehicles & Fleet
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Financials, compliance, directors, charges, ownership and filings for Sml Mahindra Limited in one report.

10-year financials Directors & ownership Charges & compliance

Name History of Sml Mahindra Limited

Sml Mahindra Limited has undergone 3 name changes throughout its history. The company was previously known as Swaraj Vehicles Limited, Swaraj Mazda Limited, and Sml Mahindra Limited. The current legal name is Sml Mahindra Limited, reflecting the company's evolution and rebranding over time.

Company Name Status
Sml Mahindra Limited Current
Swaraj Vehicles Limited Previous
Swaraj Mazda Limited Previous

CIN History of Sml Mahindra Limited

Sml Mahindra Limited has one previous CIN (Corporate Identification Number): U50101PB1983PLC005516. The current CIN is L50101PB1983PLC005516, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L50101PB1983PLC005516 Current
U50101PB1983PLC005516 Previous

Associated Brands with Sml Mahindra Limited

Sml Mahindra Limited operates one associated brand: SML Isuzu. These brands represent Sml Mahindra Limited's diversified market presence and brand portfolio.

Brand Description Website
SML Isuzu
Commercial vehicles including buses, trucks, and ambulances are manufactured. smlisuzu.com

Competitors & Alternatives of Sml Mahindra Limited

Brands and companies operating in the same space as Sml Mahindra Limited include Ford, Eicher Motors, Infraprime Logistics Technologies and 3 more.

Competitor Description Location Founded
Ford Ford Automobiles and commercial vehicles are manufactured by Ford. United States 1903
Eicher Motors Eicher Motors Commercial vehicles and two-wheelers are manufactured by Eicher Motors. Gurugram, India, India 1948
Infraprime Logistics Technologies Infraprime Logistics Technologies Electric heavy-duty trucks are developed for logistics and construction sectors. Gurugram, India, India 2017
Greaves Electric Mobility Greaves Electric Mobility Manufacturer of electric two and three-wheelers for personal and commercial use Bengaluru, India, India 2008
Olectra Olectra Electric buses and transmission insulators are developed by Olectra. Hyderabad, India, India 2000
Motovolt Motovolt Electric bicycles with advanced features are developed by Motovolt. Kolkata, India, India 2019

Business Activity of Sml Mahindra Limited

Sml Mahindra Limited is engaged in the principal business activity of manufacturing, with detailed activities including motor vehicles, trailers, semi trailers and other transport vehicles.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C11 Motor vehicles, trailers, semi trailers and other Transport Vehicles Locked
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Auditor Details of Sml Mahindra Limited

Sml Mahindra Limited is audited by Walker Chandiok & Co LLP for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.

Name Status Appointment Date Cessation Date
Walker Chandiok & Co LLP Locked Locked Locked
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Complete auditor history for Sml Mahindra Limited

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Board of Directors of Sml Mahindra Limited

Sml Mahindra Limited is currently managed by 7 directors, with 52 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Chandra Shekhar Verma
Also directs: Welspun Corp Limited, Ikio Technologies Limited, Shyam Metalics And Energy Limited and 2 more
Director 22 Sep 2019 7 Years 0 Months Current
Ravi Venkatraman
Also directs: Praxis Home Retail Limited, Sbfc Finance Limited, Arisunitern Re Solutions Private Limited and 5 more
Director 01 Aug 2025 1 Years 1 Months Current
Arun Kumar Malhotra
Also directs: Lumax Auto Technologies Limited, Iac International Automotive India Private Limited, Iimcalcutta Innovation Park
Director 01 Aug 2025 1 Years 1 Months Current
Smita Piyush Mankad
Also directs: Swaraj Engines Ltd, Bajaj Holdings & Investment Limited., Subros Limited and 5 more
Director 01 Aug 2025 1 Years 1 Months Current
Venkataraman Srinivas Whole-Time Director 01 Aug 2025 1 Years 1 Months Current
Mahima Chugh
Also directs: Smartshift Logistics Solutions Private Limited
Director 01 Aug 2025 1 Years 1 Months Current
Showing 6 of 7 current directors. View all directors

Financials of Sml Mahindra Limited FY 2025-26 filings available

Sml Mahindra Limited reported revenue of ₹2,837.92 Cr (up 18.3% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹2,838 Cr
+18.3% YoY
EBITDA
₹278 Cr
+18.7% YoY
Profit After Tax
₹160 Cr
+31.4% YoY
Net Worth
₹519 Cr
+35.7% YoY
Total Assets
₹858 Cr
+11.2% YoY
Total Debt
₹289 Cr
-11.6% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,8382,3992,1961,8229245911,154
Revenue growth+18.3%+7.3%+15.9%+80.2%+46.3%-42.2%-14.4%
EBITDA27823517981.65(41.19)(68.79)11.89
EBITDA margin+9.8%+9.8%+8.2%+4.5%-4.5%-11.6%+1.0%
Profit before tax21416210617.30(100)(133)(38.32)
Net profit16012210719.86(99.81)(134)(21.25)
Net profit margin+5.6%+5.1%+4.9%+1.1%-10.8%-22.6%-1.8%
EPS (₹)110.3384.0474.5113.70(68.90)(92.20)(14.55)
Balance sheet
Total assets858772771496506562620
Net worth519383286178161256385
Total debt289327421265298261185
Cash & bank20.7019.8448.695.8413.6333.1236.33
Net working capital47139438397.15110130144
Cash flow
Cash from operations156177(49.68)90.06(18.61)(46.66)150
Cash from investing(65.83)(60.94)(45.80)(42.09)(6.96)(28.21)(46.75)
Cash from financing(88.96)(148)127(55.16)17.4260.28(96.88)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue958898539555846771332550
Revenue growth (YoY)+13.2%+16.5%+62.5%+1.0%+13.4%+13.4%-14.1%+10.3%
Other income1.192.581.562.122.062.281.631.55
Total expenses857807498513741681313505
EBITDA10090.3841.0941.9210589.8818.3344.80
EBITDA margin+10.5%+10.1%+7.6%+7.6%+12.4%+11.7%+5.5%+8.1%
Depreciation13.2713.3713.3412.8912.4312.0912.1112.07
Interest2.746.995.792.875.098.937.105.75
Profit before tax85.2872.6023.5228.2889.5571.140.7528.53
Tax21.6618.405.987.2322.5918.190.226.73

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 29 Sep 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue958898539555846771332550
Revenue growth (YoY)+13.2%+16.5%+62.5%+1.0%+13.4%+13.4%-14.1%+10.3%
Other income1.192.581.562.122.062.281.631.55
Total expenses857807498513741681313505
EBITDA10090.3841.0941.9210589.8818.3344.80
EBITDA margin+10.5%+10.1%+7.6%+7.6%+12.4%+11.7%+5.5%+8.1%
Depreciation13.2713.3713.3412.8912.4312.0912.1112.07
Interest2.746.995.792.875.098.937.105.75
Profit before tax85.2872.6023.5228.2889.5571.140.7528.53
Tax21.6618.405.987.2322.5918.190.226.73
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,8382,3992,1961,8229245911,154
Revenue growth+18.3%+7.3%+15.9%+80.2%+46.3%-42.2%-14.4%
Other income8.336.055.413.125.964.935.14
Total expenses2,5602,1642,0171,7409656601,142
Employee cost228206196172133133155
EBITDA27823517981.65(41.19)(68.79)11.89
EBITDA margin+9.8%+9.8%+8.2%+4.5%-4.5%-11.6%+1.0%
Depreciation52.0348.3547.5242.4343.5346.1740.72
Interest20.7529.8830.3525.0421.5123.3414.63
Profit before tax21416210617.30(100)(133)(38.32)
Tax54.2040.70(1.42)(2.56)(0.51)0.12(17.26)
Net profit16012210719.86(99.81)(134)(21.25)
Net profit margin+5.6%+5.1%+4.9%+1.1%-10.8%-22.6%-1.8%
EPS (₹)110.3384.0474.5113.70(68.90)(92.20)(14.55)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital14.4814.4814.4814.4814.4814.4814.48
Reserves & surplus505368271163147241370
Shareholders' funds (net worth)519383286178161256385
Secured loans28028436411939.4245.696.97
Unsecured loans8.9742.7957.56146258216178
Total debt289327421265298261185
Total liabilities858772771496506562620
Assets
Gross block716659638610564561554
Net block337321340356349389426
Capital work in progress46.8959.4910.5811.1816.415.063.15
Investments0.000.000.000.000.000.000.00
Inventories661578580422296260269
Sundry debtors27026516975.7578.9239.2239.46
Cash & bank balances20.7019.8448.695.8413.6333.1236.33
Loans & advances37.1440.2127.2234.6931.9531.2738.09
Total current assets989903825538420364383
Total current liabilities518510442441310234238
Net working capital47139438397.15110130144
Total assets858772771496506562620
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash3.1034.823.4910.6718.8333.8327.45
Net cash from operating activities156177(49.68)90.06(18.61)(46.66)150
Net cash from investing activities(65.83)(60.94)(45.80)(42.09)(6.96)(28.21)(46.75)
Net cash from financing activities(88.96)(148)127(55.16)17.4260.28(96.88)
Net change in cash1.41(31.72)31.33(7.18)(8.15)(14.59)6.38
Closing cash20.7019.8448.695.8413.6333.1236.33
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+18.3%+9.3%+20.6%+97.1%+56.4%-48.8%-18.1%
EBITDA growth+18.7%+31.1%+119.1%+9998.0%+40.1%--84.0%
PBT growth+31.8%+52.5%+515.4%+9998.0%+24.8%-248.0%-
Net income growth+31.4%+13.8%+437.8%+9998.0%+25.3%-529.0%-
Revenue CAGR (3Y)+15.9%+37.4%+54.9%+16.4%-13.1%-19.6%-5.2%
EBITDA CAGR (3Y)+50.5%--+90.1%---52.4%
Profitability & leverage
Net income margin+5.6%+5.1%+4.9%+1.1%-10.8%-22.6%-1.8%
Return on capital employed+28.8%+24.9%+21.4%+8.4%0.0%-18.6%-3.5%
Return on net worth+35.4%+36.4%+45.3%+11.3%0.0%-41.7%-5.3%
Debt / equity0.681.121.481.661.340.700.54
Long-term debt / equity0.090.160.140.100.160.250.26
Interest cover9.1716.0523.1063.84-25.39-20.30-50.75
Efficiency & per share
Fixed asset turnover4.133.703.523.101.641.062.26
Inventory turnover4.584.144.385.073.322.233.33
Debtors turnover10.6011.0517.9523.5515.6515.0212.27
EPS (₹)110.3384.0474.5113.70(68.90)(92.20)(14.55)
Dividend per share (₹)23.5018.0016.000.000.000.000.00
Book value per share (₹)358.69264.29197.25122.90111.53176.51265.81
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You're viewing the latest exchange-filed financials for Sml Mahindra Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
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Shareholding Pattern of Sml Mahindra Limited

As per the shareholding pattern for the quarter ended Jun 2026, promoters hold 59.00%, foreign institutional investors hold 1.20%, domestic institutional investors hold 2.50%, retail and other public shareholders hold 37.40% of Sml Mahindra Limited.

Promoters: 59.00%DII (Domestic Institutional): 2.50%FII (Foreign Institutional): 1.20%Retail & Others: 37.40%
Jun 2026
QUARTER
59.00% Promoters
2.50% DII (Domestic Institutional)
1.20% FII (Foreign Institutional)
37.40% Retail & Others
Promoter holding - history
Now 59.00% · Jun 2026High 59.00% · Sep 2025Low 59.00% · Sep 2025
58%58.5%59%59.5%60%Sep 2025Dec 2025Mar 2026Jun 2026Sep 2025: 59.00%Dec 2025: 59.00%Mar 2026: 59.00%Jun 2026: 59.00%59.00%59.00%
Shareholding trend - last 6 quarters
Jun 2026Mar 2026Dec 2025Sep 2025
Promoters59.00%59.00%59.00%59.00%
Public41.00%41.00%41.00%41.00%

Charges & Borrowings of Sml Mahindra Limited

Open charges
₹602.29 Cr
Satisfied charges
₹581.67 Cr
Breakdown by lending institutions
Axis Bank Limited₹300.75 Cr
Hdfc Bank Limited₹200.00 Cr
Others₹101.53 Cr
Latest charge details
DateLenderAmountStatus
31 Jul 2025 Others ₹10 Lakh Open
31 Jul 2025 Others ₹12.75 Lakh Open
30 Jun 2025 Others ₹11 Lakh Open
30 Jun 2025 Others ₹10.44 Lakh Open
24 Mar 2025 Others ₹50 Cr Open

Total charge records: 62 View all charges

Employees and EPFO Compliance at Sml Mahindra Limited

Sml Mahindra Limited has a workforce of 1,009 employees as of Apr 09, 2024.

Employee count
1,009
Active EPFO establishments
1
Employee growth
2.75%
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Employee and EPFO history for Sml Mahindra Limited

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GST Compliance of Sml Mahindra Limited

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Credit Ratings, Litigation & Regulatory Alerts for Sml Mahindra Limited

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MSME Payment Delays by Sml Mahindra Limited

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MSME payment history for Sml Mahindra Limited

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Subsidiaries & Group Companies of Sml Mahindra Limited

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MCA Filings & Documents of Sml Mahindra Limited

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MCA filings and documents for Sml Mahindra Limited

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Recent Activity on Sml Mahindra Limited

Charges
30 May 2026
A charge registered on 11 Sep 2023 via Charge ID 100807650 with Axis Bank Limited was fully satisfied on 30 May 2026.
Charges
14 Jan 2026
A charge registered on 02 Sep 2022 via Charge ID 100609372 with Axis Bank Limited was fully satisfied on 14 Jan 2026.
Directors
08 Oct 2025
Pushkar Digumbar Patwardhan was appointed as a Cfo on 08 Oct 2025 & has been associated with this company since 11 months 22 days.
Activity
26 Sep 2025
Sml Mahindra Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Directors
06 Sep 2025
Venkataraman Srinivas was appointed as a Ceo on 06 Sep 2025 & has been associated with this company since 1 year 23 days.
Directors
01 Aug 2025
Ravi Venkatraman was appointed as a Director on 01 Aug 2025 & has been associated with this company since 1 year 2 months.

Recent News on Sml Mahindra Limited

Broker’s call: Mahindra & Mahindra (Add)
29 Apr 2025 · Thehindubusinessline
M&M acquires 58.96% stake in SML Isuzu for ₹555 crore
26 Apr 2025 · Thehindubusinessline

Frequently Asked Questions about Sml Mahindra Limited

Sml Mahindra Limited is an active public limited company in the automotive sector based in Nawanshahr, Punjab, India. It was incorporated on 26 July 1983 (43+ years old) and is registered under CIN L50101PB1983PLC005516. Listed on BSE: 505192 and NSE: SMLISUZU. The company has 1,009 employees.

Sml Mahindra Limited reported revenue of ₹2,837.92 Cr for FY 2025-26 (up 18.3% YoY) based on standalone financials.

The current directors of Sml Mahindra Limited are:

The primary industry of Sml Mahindra Limited is automotive. The company specifically operates in commercial vehicles and fleet. The company is currently active in this sector.

Yes. Sml Mahindra Limited is listed on both BSE (code: 505192) and NSE (symbol: SMLISUZU).

Sml Mahindra Limited can be reached at the registered office: Village Asron District Nawanshahr, Punjab, India – 144533, or through the website smlisuzu.com.

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