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SLM

Service Long March Tyres Limited

SLM · Automobile Parts & Accessories · Group accounts

Share price
Rs 21.36
30 Oct 2026, 4:36 PM PKT
Latest accounts
Sep 2026
Q1 report

Operating performance

Figures from the reports' own text. Only like-for-like series are charted: levels across every report, volumes across full years.

Not enough comparable operating figures to chart yet.

Other reported figures (29) — not charted because they are not like-for-like
FigureLatestPeriodWhy not chartedSource
Basic earnings per share1.83 RsJun 2026Fewer than three full-year figures
Break-up value per share5.51 RsSept 2026Fewer than three full-year figures
Capital expenditure on fixed assets2,467,745 Rs thousandSept 2026Fewer than three full-year figures
Capital expenditure commitments2,820 Rs millionSept 2026Fewer than three full-year figures
Cash and bank balances11,400,997 Rs thousandJun 2026Fewer than three full-year figures
Current ratio1.33 timesSept 2026Unit not recognised
Debt to debt plus equity0.42 timesSept 2026Unit not recognised
Diluted earnings per share1.83 RsJun 2026Fewer than three full-year figures
Domestic truck and bus sales2,727 unitsSept 2026Fewer than three full-year figures
Basic EPS0.47 RsSept 2026Fewer than three full-year figures
Export sales (gross)5,424,693 Rs thousandSept 2026Fewer than three full-year figures
Export share of sales24.4 %Sept 2026Fewer than three comparable periods
Concessionary export refinance and FE-25 share of short-term borrowings60 %Sept 2026Fewer than three comparable periods
Gross margin21.3 %Sept 2026Fewer than three comparable periods
Gross profit18,151,512 Rs thousandJun 2026Fewer than three full-year figures
IPO proceeds used on civil works822,979 Rs thousandSept 2026Fewer than three full-year figures
Unutilised letters of credit facilities13,828 Rs millionSept 2026Fewer than three full-year figures
Net profit margin16.6 %Sept 2026Fewer than three comparable periods
Operating margin16.9 %Sept 2026Fewer than three comparable periods
Operating profit14,260,722 Rs thousandJun 2026Fewer than three full-year figures
Property, plant and equipment38,374,205 Rs thousandJun 2026Fewer than three full-year figures
Profit after taxation13,528,977 Rs thousandJun 2026Fewer than three full-year figures
Net revenue22,194,907 Rs thousandSept 2026Fewer than three full-year figures
Revenue from contracts with customers71,708,895 Rs thousandJun 2026Fewer than three full-year figures
Shareholders equity42,961,579 Rs thousandSept 2026Fewer than three full-year figures
Short term financing19,873,873 Rs thousandSept 2026Fewer than three full-year figures
Short term financing11,346,964 Rs thousandJun 2026Fewer than three full-year figures
Stock in trade16,061,549 Rs thousandJun 2026Fewer than three full-year figures
Total assets78,073,303 Rs thousandJun 2026Fewer than three full-year figures

Projects

10 projects, wells and blocks, most recently mentioned first. Stages are as reported; durations between reports are not project timelines.

  • Investment in subsidiaryOther / unclearLast reported Sept 2026 · 2 mentions

    Long term investment in wholly owned subsidiary SLM International Tyres Trading FZE (Jebel Ali Free Zone, UAE)

    View history
    1. Reported in Sept 2026 · Other / unclear · Rs 77.5m Long term investment in wholly owned subsidiary SLM International Tyres Trading FZE (Jebel Ali Free Zone, UAE)
    2. Reported in Jun 2026 · Other / unclear · Rs 77.5m Long term investment in subsidiary, Rs 77,500 thousand (2026); nil in 2025
  • Capital work-in-progress additionsUnder constructionLast reported Sept 2026 · 2 mentions

    Capital expenditure on fixed assets Rs 2,467,745 thousand; CWIP rose to Rs 2,547,138 thousand incl. advances to vendors Rs 1,041,800k, civil works Rs 497,179k, plant and machinery Rs 1,008,159k

    View history
    1. Reported in Sept 2026 · Under construction · Rs 2.47bn Capital expenditure on fixed assets Rs 2,467,745 thousand; CWIP rose to Rs 2,547,138 thousand incl. advances to vendors Rs 1,041,800k, civil works Rs 497,179k, plant and machinery Rs 1,008,159k
    2. Reported in Jun 2026 · Under construction · Rs 10,449.8m Capital expenditure cash outflow on capital work-in-progress, Rs 10,449,811 thousand (2026) vs Rs 8,175,131 thousand (2025)
  • Initial Public Offering (IPO) and share issuanceCompletedLast reported Sept 2026 · 2 mentions

    Gross IPO proceeds Rs 7,775,274k; net IPO proceeds Rs 7,886,910k incl. realised return/TDRs and less withholding tax; un-utilised balance Rs 7,063,931k

    View history
    1. Reported in Sept 2026 · Completed · Rs 7,775.3m gross Gross IPO proceeds Rs 7,775,274k; net IPO proceeds Rs 7,886,910k incl. realised return/TDRs and less withholding tax; un-utilised balance Rs 7,063,931k
    2. Reported in Jun 2026 · Completed · Rs 7,775.3m Issuance of 389,738,038 ordinary shares fully paid in cash; net IPO proceeds Rs 7,481,250 thousand
  • Expansion programme including PCR tyre projectUnder constructionLast reported Sept 2026 · 1 mention

    Work on expansion programme progressed with significant capex on plant, machinery and civil works; IPO proceeds used for civil works for expansion project including PCR tyre project

    View history
    1. Reported in Sept 2026 · Under construction · Rs 822.98m civil works paid from IPO proceeds Work on expansion programme progressed with significant capex on plant, machinery and civil works; IPO proceeds used for civil works for expansion project including PCR tyre project

Risks

Highlighted by management in the latest report. Severity is a model assessment, not a probability.

  • Working capital outflow of Rs 7.33bn and negative operating cash flow of Rs 3.47bn; higher trade debts and other receivables

    Model severitymedium· liquidity

  • Customer concentration / advances from Myco Corporation (Rs 673.43m contract liabilities)

    Model severitymedium· credit

  • Reliance on short term financing (Rs 19.87bn) for working capital and capex; short-term financing increased

    Model severitymedium· liquidity· mentioned since Jun 2026

  • Headline inflation back in double digits (avg 10.2%, Sept 10.3%) and elevated policy rate of 11.5%

    Model severitymedium· macro

Management view

What management expects, from the Q1 report for Sept 2026

  • Near-term outlook remains subject to Middle East geopolitical developments, oil and raw material prices, exchange rates and global trade policies including tariffs. (neutral tone)
  • Inflationary pressures and elevated interest rates may weigh on domestic demand and input costs in the coming months. (negative tone)
  • Directors are confident in the Company's ability to sustain its growth momentum. (positive tone)
  • FBR additional 11% custom duty on import of truck and bus radial tyres effective 21 October 2026 is expected to enhance competitiveness of locally manufactured tyres and support domestic demand. (positive tone)

▲ positive · ■ neutral · ▼ negative tone, as assessed by the model.

Read from SLM's reports; nothing here is a forecast by this dashboard.