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Sml Isuzu Limited (IN:SMLMAH)
:SMLMAH
India Market
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Sml Isuzu Limited (SMLMAH) AI Stock Analysis

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IN:SMLMAH

Sml Isuzu Limited

(SMLMAH)

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Neutral 68 (OpenAI - 5.2)
Rating:68Neutral
Price Target:
₹4,377.00
▲(7.15% Upside)
Action:DowngradedDate:04/22/26
The score is driven primarily by strong financial performance—improving margins, solid growth, and a meaningful cash-flow turnaround—partly offset by an expensive valuation (very high P/E, low yield). Technical signals are mixed, with weaker near-term trend but longer-term support holding.
Positive Factors
Cash generation turnaround
A positive free cash flow of 1,155m and OCF/NI of 1.46 indicate the business now converts earnings into cash reliably. That durable cash generation reduces refinancing risk, funds capex/after-sales expansion, and enables disciplined capital allocation over the next several quarters.
Negative Factors
Concentrated domestic market exposure
Heavy reliance on domestic commercial vehicle demand concentrates risk to India‑specific cycles, infrastructure spending, and policy shifts. Limited geographic diversification makes revenue and production planning vulnerable to domestic regulatory or macro shocks over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation turnaround
A positive free cash flow of 1,155m and OCF/NI of 1.46 indicate the business now converts earnings into cash reliably. That durable cash generation reduces refinancing risk, funds capex/after-sales expansion, and enables disciplined capital allocation over the next several quarters.
Read all positive factors

Sml Isuzu Limited (SMLMAH) vs. iShares MSCI India ETF (INDA)

Sml Isuzu Limited Business Overview & Revenue Model

Company Description
SML Mahindra Limited manufactures and sells commercial vehicles and related parts in India and internationally. The company's products include trucks and buses. It provides special application, cargo, and passenger vehicles. It offers its products...
How the Company Makes Money
SML Isuzu Limited primarily makes money by selling commercial vehicles, with revenue largely driven by the domestic sale of trucks and buses through its dealer/distribution network to fleet operators, institutions, and other commercial customers. ...

Sml Isuzu Limited Financial Statement Overview

Summary
Strong financial recovery with improved profitability (net margin 5.07%, gross margin 24.05%) and solid revenue growth (9.89% YoY). Cash generation is a key strength with free cash flow turning positive (1,155m) and operating cash flow exceeding net income (OCF/NI 1.46). Balance sheet leverage is manageable (D/E 0.85) with notably higher ROE (31.80%).
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
88
Very Positive
BreakdownTTMMar 2024Mar 2023Mar 2022Mar 2021Mar 2021
Income Statement
Total Revenue16.42B23.83B21.83B18.09B9.14B5.88B
Gross Profit3.27B5.55B4.81B3.43B1.53B-728.71M
EBITDA1.56B2.40B1.83B808.74M-357.17M-646.29M
Net Income745.34M1.22B1.08B198.35M-997.61M-1.33B
Balance Sheet
Total Assets11.93B12.99B12.13B9.37B8.16B8.51B
Cash, Cash Equivalents and Short-Term Investments420.90M66.75M364.35M48.66M120.52M331.20M
Total Debt2.56B3.27B4.21B2.65B2.98B2.68B
Total Liabilities7.50B9.17B9.27B7.59B6.54B5.95B
Stockholders Equity4.44B3.83B2.86B1.78B1.61B2.56B
Cash Flow
Free Cash Flow770.49M1.15B-921.06M487.56M-376.37M-870.28M
Operating Cash Flow1.50B1.77B-496.80M900.63M-186.13M-675.44M
Investing Cash Flow-684.71M-609.41M-458.00M-420.87M-69.64M-301.50M
Financing Cash Flow-882.59M-1.48B1.27B-551.57M174.25M831.07M

Sml Isuzu Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price4085.00
Price Trends
50DMA
4262.25
Positive
100DMA
3971.75
Positive
200DMA
3661.40
Positive
Market Momentum
MACD
19.23
Negative
RSI
54.57
Neutral
STOCH
81.01
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SMLMAH, the sentiment is Positive. The current price of 4085 is above the 20-day moving average (MA) of 4081.77, below the 50-day MA of 4262.25, and above the 200-day MA of 3661.40, indicating a bullish trend. The MACD of 19.23 indicates Negative momentum. The RSI at 54.57 is Neutral, neither overbought nor oversold. The STOCH value of 81.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SMLMAH.

Sml Isuzu Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
₹3.18T46.530.60%14.46%19.48%
68
Neutral
₹56.68B82.010.47%18.30%31.31%
66
Neutral
₹153.36B38.530.74%13.47%46.22%
65
Neutral
₹908.70B66.470.58%4.55%23.03%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
63
Neutral
₹995.03B32.461.76%13.42%16.98%
58
Neutral
₹7.98B55.8941.70%-91.07%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:SMLMAH
Sml Isuzu Limited
3,870.05
2,330.49
151.37%
IN:ASHOKLEY
Ashok Leyland Limited
167.50
56.41
50.78%
IN:BEL
Bharat Electronics Limited
435.75
120.73
38.32%
IN:BHARATFORG
Bharat Forge Ltd
1,894.65
769.02
68.32%
IN:CCCL
Consolidated Construction Consortium Limited
17.50
3.03
20.94%
IN:KEC
KEC International Ltd.
572.05
-138.21
-19.46%

Sml Isuzu Limited Corporate Events

SML Mahindra posts Q4 earnings call recording to bolster disclosure norms
Apr 20, 2026
SML Mahindra Limited has notified stock exchanges that it conducted its Q4 FY 2025-26 earnings conference call with press, analysts and institutional investors on April 20, 2026 via audio-video mode. The call, which followed earlier advance intima...
SML Mahindra Sets Q4 FY26 Press and Analyst Call for April 20
Apr 15, 2026
SML Mahindra Limited has scheduled a press, analyst and institutional investor meeting to discuss its fourth-quarter fiscal 2026 performance on 20 April 2026, to be held in Mumbai and attended via an audio-based virtual format. The company has emp...
SML Mahindra Posts 17% Annual Growth in Commercial Vehicle Sales
Apr 1, 2026
SML Mahindra reported that its total vehicle sales in March 2026 rose 6% year-on-year to 2,457 units, driven by modest gains in both cargo and passenger categories. For the full financial year 2025-26, total sales climbed 17% to 16,632 units, with...
SML Mahindra Posts Broad-Based Growth in February 2026 Commercial Vehicle Volumes
Mar 8, 2026
SML Mahindra Limited reported its production, sales and export figures for commercial vehicles for February 2026, showing year-on-year growth across all three metrics. Production rose to 1,679 units from 1,442 a year earlier, sales increased to 1,...
SML Mahindra Posts 17% Rise in February Sales, Cargo Segment Leads YTD Growth
Mar 1, 2026
SML Mahindra Limited reported that its total vehicle sales in February 2026 rose to 1,503 units, a 17% increase over the same month last year, driven by 4% growth in cargo vehicles and a stronger 24% rise in passenger vehicles. For the April&#8211...
SML Mahindra Shifts Corporate Office to Mohali, Keeps Registered Office Unchanged
Feb 23, 2026
SML Mahindra Limited has shifted its corporate office from Chandigarh to a new location in Mohali, Punjab, effective 23 February 2026. The move reflects an administrative change in the company’s corporate presence while its registered office...
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.Date of analysis: Apr 22, 2026