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Sml Isuzu Limited
(SMLMAH)
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Rating:62Neutral
Price Target:
₹6,630.00
▲(62.30% Upside)
Action:Reiterated
Date:08/06/26
The score is driven by a strong financial recovery (rapid revenue growth, improved profitability, and better leverage) and bullish price trend/momentum. These positives are tempered by weak valuation (high P/E and low yield) and uneven cash-flow conversion, with technicals also showing overbought conditions that increase short-term risk.
Positive Factors
Accelerating revenue and profitability recovery
The sharp FY2026 revenue increase, following expansion in FY2023–FY2025, indicates stronger commercial traction across the vehicle business. The return to healthy operating and net profitability also improves internal funding capacity and supports a more durable earnings base over the coming quarters.
Negative Factors
Weak and uneven cash conversion
Cash generation is positive but is not keeping pace with reported earnings, as free cash flow declined and covered only half of FY2026 net income. Persistently weak conversion could constrain self-funded investment, reduce financial flexibility, and make earnings quality more dependent on working-capital cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating revenue and profitability recovery
The sharp FY2026 revenue increase, following expansion in FY2023–FY2025, indicates stronger commercial traction across the vehicle business. The return to healthy operating and net profitability also improves internal funding capacity and supports a more durable earnings base over the coming quarters.
Read all positive factors
Sml Isuzu Limited (SMLMAH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹84.15B
Dividend Yield0.4%
Average Volume (3M)5.92K
Price to Earnings (P/E)53.8
Beta (1Y)2.25
Revenue Growth18.04%
EPS Growth9.96%
CountryIN
Employees1,063
SectorGeneral
Sector StrengthN/A
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)51.50
Shares Outstanding14,471,646
10 Day Avg. Volume3,008
30 Day Avg. Volume5,916
Financial Highlights & Ratios
PEG Ratio1.09
Price to Book (P/B)10.54
Price to Sales (P/S)1.93
P/FCF Ratio77.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sml Isuzu Limited Business Overview & Revenue Model
Company Description
SML Mahindra Limited is an enterprise primarily engaged in the global manufacturing and distribution of commercial vehicles and their associated components, serving markets both within India and internationally. Its extensive product range include...
How the Company Makes Money
SML Isuzu Limited primarily makes money by selling commercial vehicles (CVs) and by generating recurring revenue from the after-sales ecosystem that supports those vehicles. Its key revenue streams typically include: (1) Sale of vehicles: Revenue ...
Sml Isuzu Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
68
Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.42B | 28.30B | 23.83B | 21.83B | 18.09B | 9.14B |
| Gross Profit | 3.27B | 3.58B | 5.55B | 4.81B | 3.43B | 1.53B |
| EBITDA | 1.56B | 2.72B | 2.40B | 1.83B | 808.74M | -357.17M |
| Net Income | 745.34M | 1.60B | 1.22B | 1.08B | 198.35M | -997.61M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 13.97B | 12.99B | 12.13B | 9.37B | 8.16B |
| Cash, Cash Equivalents and Short-Term Investments | 446.70M | 207.01M | 66.75M | 364.35M | 48.66M | 120.52M |
| Total Debt | 0.00 | 2.89B | 3.27B | 4.21B | 2.65B | 2.98B |
| Total Liabilities | -3.31B | 8.77B | 9.17B | 9.27B | 7.59B | 6.54B |
| Stockholders Equity | 3.31B | 5.19B | 3.83B | 2.86B | 1.78B | 1.61B |
Cash Flow | ||||||
| Free Cash Flow | 770.49M | 707.33M | 1.15B | -921.06M | 487.56M | -376.37M |
| Operating Cash Flow | 1.50B | 1.41B | 1.77B | -496.80M | 900.63M | -186.13M |
| Investing Cash Flow | -684.71M | -694.08M | -609.41M | -458.00M | -420.87M | -69.64M |
| Financing Cash Flow | -882.59M | -702.50M | -1.48B | 1.27B | -551.57M | 174.25M |
Sml Isuzu Limited Technical Analysis
Neutral
4085.00
Price Trends
5835.25
Negative
4877.73
Positive
4462.84
Positive
Market Momentum
74.53
Positive
43.28
Neutral
5.04
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SMLMAH, the sentiment is Neutral. The current price of 4085 is below the 20-day moving average (MA) of 6362.73, below the 50-day MA of 5835.25, and below the 200-day MA of 4462.84, indicating a neutral trend. The MACD of 74.53 indicates Positive momentum. The RSI at 43.28 is Neutral, neither overbought nor oversold. The STOCH value of 5.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SMLMAH.
Sml Isuzu Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ₹1.93T | 33.50 | ― | 1.17% | 28.07% | 19.24% | |
74 Outperform | ₹222.48B | 17.79 | ― | 0.30% | 8.44% | 45.33% | |
72 Outperform | ₹3.58T | 25.05 | ― | 1.23% | 26.61% | -1.37% | |
63 Neutral | ₹3.47T | 16.89 | ― | 3.72% | 25.93% | 34.37% | |
62 Neutral | ₹84.15B | 53.78 | ― | 0.40% | 18.04% | 9.96% | |
56 Neutral | ₹1.03T | 1.30 | ― | 1.07% | -21.70% | 267.29% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:SMLMAH
Sml Isuzu Limited
5,814.50
2,730.99
88.57%
IN:EICHERMOT
Eicher Motors Limited
7,031.10
192.72
2.82%
IN:FORCEMOT
Force Motors Limited
16,885.00
793.38
4.93%
IN:M&M
Mahindra & Mahindra Ltd.
2,792.10
-631.18
-18.44%
IN:MARUTI
Maruti Suzuki India Limited
11,395.00
-4,757.21
-29.45%
IN:TMPV
Tata Motors Passenger Vehicles
279.10
-48.83
-14.89%
Sml Isuzu Limited Corporate Events
SML Mahindra Posts Double-Digit Sales Growth in September and First Half of FY 2026-27
Oct 1, 2026
SML Mahindra reported that its total vehicle sales in September 2026 rose 18% year-on-year to 1,124 units, driven by a 39% surge in cargo vehicle sales and a 5% increase in passenger vehicle volumes. For the first half of FY 2026-27, total sales g...
SML Mahindra Posts 40% Surge in August Vehicle Sales
Sep 1, 2026
SML Mahindra reported robust monthly business performance for August 2026, with total vehicle sales rising 40% year-on-year to 1,175 units, driven by strong growth in both cargo and passenger segments. Cargo vehicle sales in August grew 53% to 492...
SML Mahindra Widens Access to Valuation and Fairness Reports for Postal Ballot
Aug 25, 2026
SML Mahindra Limited has expanded access to key documents underlying a proposed corporate transaction set out in its postal ballot notice dated 7 August 2026. The company has disclosed that the business valuation report prepared by BDO Valuation A...
SML Mahindra Posts Strong Passenger Vehicle Growth Despite Cargo Weakness in July 2026
Aug 1, 2026
SML Mahindra Limited reported its sales figures for July 2026 under SEBI’s disclosure norms, highlighting mixed performance across its commercial vehicle portfolio. Cargo vehicle sales fell 7% year-on-year in July and were down 12% for the A...
SML Mahindra updates market on board decisions via virtual analyst meet
Jul 29, 2026
SML Mahindra Limited has notified the exchanges that it conducted a virtual analyst, investor and press meet in Mumbai to discuss the outcome of its recently concluded board meeting. The session, held on 29 July 2026, forms part of the companyR...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.