SML Mahindra (NSE:SMLMAH) ROE % Adjusted to Book Value: 3.96% (As of Mar. 2026)

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NSE:SMLMAH SML Mahindra Ltd NSE:SMLMAH
65 GF Score
Price ₹4,087.30
GF Value ₹2,415.53
Valuation Significantly Overvalued
! 2 Warning Signs
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What is SML Mahindra ROE % Adjusted to Book Value?

SML Mahindra NSE:SMLMAH -2.70% 65 ROE % Adjusted to Book Value is 3.96% as of Mar. 2026. GuruFocus rates NSE:SMLMAH with a GF Score™ of 65/100 and a GF Value™ of ₹2,415.53 (Significantly Overvalued). The stock has 2 warning signs investors should review.

SML Mahindra's ROE % for the quarter that ended in Mar. 2026 was 41.75%. SML Mahindra's PB Ratio for the quarter that ended in Mar. 2026 was 10.54. SML Mahindra's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 3.96%.


SML Mahindra ROE % Adjusted to Book Value Related Terms


SML Mahindra ROE % Adjusted to Book Value Historical Data

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The historical data trend for SML Mahindra's ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value Chart

SML Mahindra Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -10.77 1.94 4.81 6.14 3.36

SML Mahindra Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value 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 9.33 0.00 1.87 0.00 3.96

NSE:SMLMAH vs TSLA, GM, F: ROE % Adjusted to Book Value Comparison

For the Auto Manufacturers subindustry, SML Mahindra's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, SML Mahindra's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where SML Mahindra's ROE % Adjusted to Book Value falls into.


NSE:SMLMAH
65GF Score
SML Mahindra Ltd NSE:SMLMAH
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SML Mahindra ROE % Adjusted to Book Value Calculation

SML Mahindra's ROE % Adjusted to Book Value for the fiscal year that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=35.42% / 10.54
=3.36%

SML Mahindra's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=41.75% / 10.54
=3.96%

* 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.

What does a ROE % Adjusted to Book Value of 3.96% mean?
SML Mahindra (NSE:SMLMAH) has a ROE % Adjusted to Book Value of 3.96% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on SML Mahindra and its competitors.
Is SML Mahindra's ROE % Adjusted to Book Value too high?
SML Mahindra's current ROE % Adjusted to Book Value is 3.96%. Overall, SML Mahindra has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SML Mahindra's ROE % Adjusted to Book Value compare to TSLA and GM?
SML Mahindra's ROE % Adjusted to Book Value of 3.96% can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Vehicles & Parts company?
A good ROE % Adjusted to Book Value depends on the Vehicles & Parts industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on SML Mahindra and its competitors. SML Mahindra's current ROE % Adjusted to Book Value is 3.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SML Mahindra stock overvalued right now?
Based on GuruFocus' analysis, SML Mahindra (NSE:SMLMAH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹2,415.53, compared to a current price of ₹4,087.30 — trading 69.2% above its estimated fair value. The current ROE % Adjusted to Book Value is 3.96%. SML Mahindra's overall GF Score™ is 65/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For SML Mahindra (NSE:SMLMAH), the current ROE % Adjusted to Book Value is 3.96% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

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

Based on GuruFocus' analysis, SML Mahindra stock appears to be overvalued. The current stock price of ₹4,087.30 is trading 69.2% above its estimated GF Value™ of ₹2,415.53. GuruFocus considers SML Mahindra to be Significantly Overvalued.

Key valuation signals for NSE:SMLMAH:

  • ROE % Adjusted to Book Value: 3.96%
  • GF Value™: ₹2,415.53 vs. price of ₹4,087.30 (69.2% above fair value)
  • GF Score™: 65/100 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.
65GF Score

Get the complete analysis for NSE:SMLMAH

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹4,087.30
Price
₹2,415.53
GF Value