SML Mahindra Balance Sheet
- Market cap
- ₹8,810 crore
- P/E
- 55.2
- P/B
- 16.96
- ROE
- 35.4%
- Dividend yield
- 0.39%
As of Mar 2022, SML Mahindra had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings rose 353.67% from Mar 2023.
SML Mahindra balance sheet
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 500 | 14.48 | 14.48 | 14.48 | 14.48 |
| Reserves | 8,500 | -13.09 | 94.56 | 192 | 328 |
| Borrowings | 1,200 | 265 | 421 | 327 | 289 |
| Other liabilities | 3,500 | 494 | 506 | 590 | 588 |
| Total liabilities | 13,700 | 937 | 1,213 | 1,299 | 1,397 |
| Fixed assets | 6,500 | 285 | 280 | 315 | 336 |
| Capital work in progress | 400 | 100 | 100 | 100 | 100 |
| Investments | 2,500 | 187 | 243 | 260 | 279 |
| Other assets | 4,300 | 281 | 364 | 390 | 419 |
| Total assets | 13,700 | 937 | 1,213 | 1,299 | 1,397 |
Balance sheet ratios
- Debt to equity
- 0.13
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
SML Mahindra balance sheet — frequently asked questions
What is the total debt of SML Mahindra?
SML Mahindra reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹265 crore as of Mar 2023.
What is SML Mahindra's debt-to-equity ratio?
Based on the Mar 2022 balance sheet, SML Mahindra's debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.
What are SML Mahindra's total assets?
SML Mahindra's total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.
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