This Auto company, which deals in the business of light commercial vehicle (LCV) and medium commercial vehicle (MCV) segment in the automobile industry, is in focus after receiving an order for 4W Drive from the Indian Air Force worth Rs. 24.71 crore.
Price Movement
SML Isuzu Limited‘s stock in Wednesday’s session touched a day’s high of Rs. 1,154.70 which is up by 2.00 percent. The stock reiterated from the day’s high and was trading at Rs. 1,145.00, which is 1.15 percent higher than the previous closing price of Rs. 1,131.95.
The stock has delivered a negative return of around 40 percent in the past year and has underperformed the Nifty Index in the same period.
What Happened
The company’s stock is in focus after SML Isuzu received an order from the Indian Air Force worth Rs. 24.71 crores to deliver 114 units of BS VI, 4 wheel Drive Troops Carrier with 20 seats. It has awarded the post-normal GEM tender process with standard business norms, terms and conditions. The time period for the execution of the order is expected to be completed before 09th July 2025.
Business Segments
SML Isuzu recognised their operational revenue from the manufacturing of commercial vehicles and related companies as of December 2024 quarter. Further, their school bus segment accounts for 75 to 80 percent of the company’s total bus sales as per ICRA.
Financial Performance
Their Q3FY25 results show revenue from operations of Rs. 331.80 crore which declined by 14.07 percent year on year, from Rs. 386.13 crore in Q3FY24. Their net profit declined by 80.22 percent year on year, from Rs. 2.68 crores in Q3FY24 to Rs. 0.53 crores in Q3FY25.
Company Overview & Market Share
SML Isuzu, established in 1983, is a leading manufacturer of light and medium-duty commercial vehicles, including trucks and buses. It has technical collaborations with Isuzu Motors and Sumitomo Corporation, offering a range of specialized vehicles.
The company holds a market share of ~17 percent in the 5 to 12 tonnes bus segment in FY24 as per ICRA’s recent report. It has an overall market share of 9 percent in the domestic bus segment.
Written by Santhosh S
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