AI Summary
✦ ClarthaSML Mahindra Limited is an Indian commercial-vehicle manufacturer selling trucks, buses, and special-application vehicles. Trucks and buses drive core revenue, while special-application vehicles and related parts extend product coverage across fleet owners, institutions, government agencies, and international distributors. Its October 2025 rebranding and Mahindra subsidiary status may improve distribution access, but no quantified margin effect is disclosed. Revenue grew 18.3% year-on-year, while profit increased 31.3%, with margins stable. ROE is unavailable, while debt-to-equity of 55.67 indicates substantial leverage that can amplify reported shareholder returns and financial risk. Earnings growth currently exceeds revenue growth, suggesting operating leverage despite unchanged margins. At 51.3 times earnings, the shares appear rich and trade at a premium to their 18.3% revenue growth rate. The key open question is whether Mahindra’s ownership can sustain growth without increasing leverage or compressing margins.
Price Forecast
Probabilistic Range
Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.
Revenue Forecast
₹ CrEPS Forecast
₹ / shareMulti-factor synthesis of 5 key dimensions
Analyst coverage unavailable
Fundamentals
Fundamentals institutional score is 61 using growth durability 60.6.
Valuation
Valuation institutional score is 0 using relative multiple z-scores where peer dispersion is available.
Analyst Consensus
No usable analyst target or recommendation data was available.
Technical Structure
Technicals institutional score is 0 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.
Market Sentiment
Recent news flow is balanced or not decisive enough to tilt the tape. Based on 1 recent ticker-linked news items.
Signal Summary
Market intelligence remains Cautious. Available evidence provides partial support, while valuation and technical structure remain considerations.
Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.
Key Data Points
Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.
Valuation Metrics
Trading 175.7% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +2.75). Confidence: 53%.
Forward outlook is unavailable because live next-12-month estimate data is not available for this ticker right now.
5Y Average
16.95
Current
51.28
Overvalued
33.74
Undervalued
13.83
5Y Average
10.19
Current
29.04
Overvalued
12.18
Undervalued
4.08
5Y Average
0.90
Current
2.56
Overvalued
1.04
Undervalued
0.77
Peers & Comparison
Sector: Industrials · Theme: Trucks & Buses
| Company | Rev. Growth | Margin | P/E | vs Avg | 52W Perf. |
|---|---|---|---|---|---|
OLECTRA GREENTECH LIMITED OLECTRAElectrical Components & Equipments | +43.3% | 2.0% | 63.3x Fair | 0% vs avg | -2.4% |
SML MAHINDRA LIMITED trades at a discount (48.3x vs peer avg 63.3x), suggesting potential undervaluation relative to the Trucks & Buses cohort. Peers include OLECTRA GREENTECH LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.
Financials
Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.
Latest revenue
₹898 CrMar 2026Latest net profit
₹54 CrMar 2026Latest EPS
₹37.46Mar 2026Net margin
8.6%Mar 2026Performance
Bars show revenue and net profit. The line shows net margin.
- Revenue
- Net income
- Net margin %
Earnings
Revenue is shown in crores. EPS is rupees per share.
- Revenue
- EPS
Revenue to profit conversion
Bridge from operating numbers to profit for the latest reported period.
Latest reported period: Mar 2026
Results
| Metric | 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 | 32.82 | 35.07 | 27.46 | 9.76 | 59.1 | 68.9 | 32.73 | 6.22 | 78.35 | 92.58 | 29.03 | 27.75 | 77.01 |
| OPM % | 5.63% | 5.55% | 5.51% | 2.53% | 8.7% | 9.23% | 5.95% | 1.87% | 10.16% | 10.94% | 5.23% | 5.15% | 8.58% |
| Other Income | 1.64 | 2.2 | 0.22 | 0.97 | 2.02 | 1.16 | 1.55 | 1.63 | 1.72 | 2.06 | 2.12 | 1.56 | 2.58 |
| Interest | 9.39 | 5.22 | 6.53 | 7.88 | 10.72 | 8.1 | 5.75 | 7.1 | 8.93 | 5.09 | 2.87 | 5.79 | 6.99 |
| Depreciation | 10.43 | 11.64 | 11.74 | 12.04 | 12.1 | 12.08 | 12.07 | 12.11 | 12.09 | 12.43 | 12.89 | 13.34 | 13.37 |
| Profit before tax | 25.07 | 32.05 | 21.15 | 2.85 | 50.4 | 61.96 | 28.53 | 0.75 | 71.14 | 89.55 | 28.28 | 23.52 | 72.6 |
| Tax % | -5.94% | 0.81% | 0.28% | 5.96% | -3.97% | 25.13% | 24.68% | 29.33% | 25.57% | 25.23% | 25.57% | 25.43% | 25.34% |
| Net Profit | 26.56 | 31.79 | 21.09 | 2.68 | 52.4 | 46.39 | 21.49 | 0.53 | 52.95 | 66.96 | 21.05 | 17.54 | 54.2 |
| EPS in Rs | 18.52 | 21.97 | 14.57 | 1.86 | 36.14 | 32.06 | 15.06 | 0.36 | 36.60 | 46.27 | 14.55 | 12.11 | 37.46 |
All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.