SML Mahindra Ratios and Metrics

Market cap in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 5, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Market Capitalization	60,811	22,642	27,659	10,667	7,161	6,542
Market Cap Growth	248.70%	-18.14%	159.29%	48.95%	9.47%	50.66%
Enterprise Value	62,926	25,106	30,143	13,322	10,302	8,979
Last Close Price	4202.05	1554.67	1884.29	726.70	487.87	445.67
PE Ratio	38.36	18.61	25.64	53.78	-	-
PS Ratio	2.24	0.94	1.26	0.59	0.78	1.11
PB Ratio	13.70	5.92	9.69	6.00	4.43	2.56
P/TBV Ratio	16.05	7.25	13.22	11.46	7.13	3.40
P/FCF Ratio	-	19.60	-	21.88	-	-
P/OCF Ratio	-	12.76	-	11.84	-	-
EV/Sales Ratio	2.32	1.05	1.37	0.73	1.12	1.52
EV/EBITDA Ratio	22.88	10.87	17.17	16.99	-	-
EV/EBIT Ratio	27.69	13.52	23.00	34.18	-	-
EV/FCF Ratio	-	21.74	-	27.32	-	-
Debt / Equity Ratio	0.57	0.86	1.48	1.49	1.84	1.02
Debt / EBITDA Ratio	0.92	1.40	2.37	3.29	-	-
Debt / FCF Ratio	-	2.83	-	5.43	-	-
Net Debt / Equity Ratio	0.48	0.84	1.35	1.46	1.74	0.89
Net Debt / EBITDA Ratio	0.78	1.39	2.19	3.31	-6.40	-3.10
Net Debt / FCF Ratio	-	2.77	-4.18	5.33	-7.48	-3.42
Asset Turnover	-	1.91	2.04	2.08	1.15	0.71
Inventory Turnover	-	3.16	3.40	4.01	2.65	1.77
Quick Ratio	-	0.36	0.25	0.12	0.16	0.17
Current Ratio	-	1.17	1.01	0.79	0.71	0.82
Return on Equity (ROE)	-	36.42%	46.55%	11.69%	-47.84%	-41.69%
Return on Assets (ROA)	-	9.24%	7.62%	2.78%	-6.54%	-8.71%
Return on Invested Capital (ROIC)	25.86%	20.26%	23.66%	8.85%	-18.24%	-22.77%
Return on Capital Employed (ROCE)	-	35.20%	33.40%	15.50%	-37.90%	-32.50%
Earnings Yield	2.61%	5.37%	3.90%	1.86%	-13.93%	-20.41%
FCF Yield	-	5.10%	-3.33%	4.57%	-5.26%	-10.11%
Dividend Yield	0.43%	1.16%	0.85%	-	-	-
Payout Ratio	-	18.86%	0.00%	0.03%	-	-
Total Shareholder Return	0.44%	1.16%	0.85%	-	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.