SML Mahindra (NSE:SMLMAH) EV-to-FCF: (As of Jul. 19, 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:SMLMAH SML Mahindra Ltd NSE:SMLMAH
67 GF Score
Price ₹4,085.20
GF Value ₹2,419.55
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is SML Mahindra EV-to-FCF?

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, SML Mahindra's Enterprise Value is ₹61,819 Mil. SML Mahindra's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ₹0 Mil. Therefore, SML Mahindra's EV-to-FCF for today is .

The historical rank and industry rank for SML Mahindra's EV-to-FCF or its related term are showing as below:

NSE:SMLMAH' s EV-to-FCF Range Over the Past 10 Years
Min: 0   Med: 0   Max: 72
Current: 72

During the past 13 years, the highest EV-to-FCF of SML Mahindra was 72.00. The lowest was 0.00. And the median was 0.00.

NSE:SMLMAH's EV-to-FCF is ranked worse than
85.5% of 848 companies
in the Vehicles & Parts industry
Industry Median: 17.06 vs NSE:SMLMAH: 72.00

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-07-19), SML Mahindra's stock price is ₹4085.20. SML Mahindra's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹110.390. Therefore, SML Mahindra's PE Ratio (TTM) for today is 37.01.


SML Mahindra  (NSE:SMLMAH) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

SML Mahindra's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=4085.20/110.390
=37.01

SML Mahindra's share price for today is ₹4085.20.
SML Mahindra's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹110.390.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


SML Mahindra EV-to-FCF Related Terms


SML Mahindra EV-to-FCF Historical Data

* Premium members only.

The historical data trend for SML Mahindra's EV-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SML Mahindra EV-to-FCF Chart

SML Mahindra Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -26.62 27.20 -34.21 22.38 67.22

SML Mahindra Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.38 0.00 0.00 0.00 67.22

NSE:SMLMAH vs TSLA, GM, F: EV-to-FCF Comparison

For the Auto Manufacturers subindustry, SML Mahindra's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SML Mahindra EV-to-FCF vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, SML Mahindra's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where SML Mahindra's EV-to-FCF falls into.


NSE:SMLMAH
67GF Score
SML Mahindra Ltd NSE:SMLMAH
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SML Mahindra EV-to-FCF Calculation

SML Mahindra's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=61819.078/0
=

SML Mahindra's current Enterprise Value is ₹61,819 Mil.
SML Mahindra's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Is SML Mahindra (NSE:SMLMAH) Overvalued in 2026?

Based on GuruFocus' analysis, SML Mahindra stock appears to be overvalued. The current stock price of ₹4,085.20 is trading 68.8% above its estimated GF Value™ of ₹2,419.55. GuruFocus considers SML Mahindra to be Significantly Overvalued.

Key valuation signals for NSE:SMLMAH:

  • EV-to-FCF:
  • GF Value™: ₹2,419.55 vs. price of ₹4,085.20 (68.8% above fair value)
  • GF Score™: 67/100 with 2 warning signs

No single metric tells the full story. See the NSE:SMLMAH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SML Mahindra Business Description

Other Exchanges 505192:India
Address SCO 204-205, Sector 34-A, Chandigarh, PB, IND, 160 022
SML Mahindra Ltd, formerly SML Isuzu Ltd is engaged in the business of manufacturing and selling of commercial vehicles including light and medium-duty trucks, buses, ambulances, and specialized vehicles. The company integrates Japanese technology with local manufacturing to offer reliable and cost-effective transportation solutions. Its product portfolio spans cargo trucks and passenger buses with variants that support different industries such as education, tourism, and corporate transport. Revenue is majorly generated through the sale of vehicles and after-sales services including telematics support. The company operates predominantly in India and exports to several countries across Africa and Asia.
67GF Score

Get the complete analysis for NSE:SMLMAH

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹4,085.20
Price
₹2,419.55
GF Value