SM Herbals Private Limited

SM Herbals Private Limited - pharma in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U18101GJ1993PTC114239 Incorporated 31 December 1993 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Private Limited Company pharma MSME · Small
Revenue · FY 2026
₹36.2 Cr
▲ 51% YoY
Net loss · FY 2026
₹4.05 Lakh
Net margin -0.1%
EBITDA · FY 2026
₹41.1 Lakh
EBITDA margin 1.1%
Authorised capital
₹2.5 Cr
Registered with MCA
Paid-up capital
₹1.16 Cr
Issued & subscribed
Open charges
₹4.75 Cr
Satisfied ₹2.11 Cr
Company age
33 yrs
Est. 1993
Employees · EPFO
46
Provident fund records

About SM Herbals Private Limited

Data last updated:

SM Herbals Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Ntas Pharmaceuticals Limited. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 31 December 1993 and has been in existence for over 33 years.

Its director Nimish Hasmukh Chudgar and family are #202 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U18101GJ1993PTC114239. Its GSTIN is 08AABCS7144P1ZT (Rajasthan). The company holds 3 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹1.16 Cr. It was formerly known as S M Herbals Ltd and Ssl Non Wovens Ltd. It is led by directors including Sandeepbhai Bakhubhai Shah and Jayesh Shantilal Shah.

Its last annual general meeting (AGM) was held on 31 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Intas Corporate House Nr. Sola Bridge S G Highway Thaltej, Ahmedabad, Gujarat, India – 380054.

As per the financials filed for FY 2026, the company reported a revenue of ₹36.2 Cr, a growth of 51% compared to the previous year. For the same year it recorded a net loss of ₹4.05 Lakh (net margin -0.1%) and EBITDA of ₹41.1 Lakh (EBITDA margin 1.1%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years.

The company has about 46 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹4.75 Cr and satisfied charges of ₹2.11 Cr on record. Court records list 7 cases involving the company, including 6 filed by the company and 1 filed against it.

SM Herbals Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-RJ-02-0017990). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website smherbals.com.

Company details

CIN U18101GJ1993PTC114239
Registration Number 114239
Incorporation Date 31 December 1993
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Parent Company Ntas Pharmaceuticals Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-RJ-02-0017990

Name history

SM Herbals has undergone 2 name changes throughout its history. The company was previously known as S M Herbals Ltd, and Ssl Non Wovens Ltd. The current legal name is Sm Herbals Private Limited.

Company NameStatus
SM Herbals Private LimitedCurrent
S M Herbals LtdPrevious
Ssl Non Wovens LtdPrevious

CIN history

SM Herbals has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U18101GJ1993PTC114239, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U18101GJ1993PTC114239Current
U18101RJ1993PTC007916Previous
U18101DL1993PTC221830Previous
Key People
Sandeepbhai Bakhubhai Shah Director Jayesh Shantilal Shah Director Nimish Hasmukh Bhai Chudgar Director

Recognitions & Rankings of SM Herbals

MSME (Udyam registered) Ministry of MSME
Category
Small (2023-24)
Udyam number
UDYAM-RJ-02-0017990

Contact details

SM Herbals Private Limited's registered office is in Ahmedabad, Gujarat. Its website is smherbals.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    smherbals.com
  • Social Media
  • Registered Address
    Intas Corporate House Nr. Sola Bridge S G Highway Thaltej, Ahmedabad, Gujarat, India – 380054
  • Industry
    Pharma, API Manufacturers

To see the full contact details of SM Herbals Private Limited, buy the company report.

Comprehensive company report
SM Herbals Private Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Business activity

The main business activity of SM Herbals is manufacturing. In detail, this covers manufacture of chemicals and chemical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing20Manufacture of chemicals and chemical products

To see the full business activity and turnover split of SM Herbals Private Limited, buy the company report.

Financials of SM Herbals Private Limited

FY 2026 filings available

SM Herbals Private Limited reported revenue of ₹36.2 Cr (up 51% YoY) for FY 2026.

Revenue · FY 2026
₹36.2 Cr ▲ 51%
Net loss · FY 2026
₹4.05 Lakh margin -0.1%
EBITDA · FY 2026
₹41.1 Lakh margin 1.1%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 51%
3 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▲ 577%
3 years · compounded
▼ 55%
5 years · compounded
▼ 38%

Revenue rose 51% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 3%. EBITDA rose 577% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.

Financial Statement Summary

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹36.2 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹41.1 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹4.05 Lakh
Balance Sheet
Share Capital
Reserves and Surplus
Net Worth (Total Equity)
Long-term Borrowings
Short-term Borrowings
Trade Payables
Total Liabilities
Fixed Assets
Investments
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Profitability
EBITDA Margin1.1%
Net Profit Margin-0.1%
Return on Equity (ROE)
Return on Capital Employed (ROCE)
Return on Assets (ROA)
Liquidity and Debt
Current Ratio
Quick Ratio
Debt-to-Equity Ratio
Interest Coverage Ratio
Efficiency and Growth
Asset Turnover
Receivable Days
Payable Days
Inventory Days
Revenue Growth
Net Profit Growth

To see the full financial statements and ratios of SM Herbals Private Limited, buy the company report.

Board of directors of SM Herbals Private Limited

SM Herbals has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sandeepbhai Bakhubhai ShahDirector04 Dec 20205 Years 11 MonthsCurrent
Jayesh Shantilal Shah
Also directs: Intas Pharmaceuticals Limited, One Advertising and Communication Services Limited
Director01 Nov 20197 Years 0 MonthsCurrent
Nimish Hasmukh Bhai Chudgar
Also directs: Astron Packaging Limited, Intas Pharmaceuticals Limited, Accord Healthcare Limited and 2 more
Director01 Nov 20197 Years 0 MonthsCurrent
View all directors

Auditor

SM Herbals Private Limited is audited by Doogar & Associates for the financial year 2026.

Auditor firmFinancial yearFirm registration number
Doogar & AssociatesFY 2026000561N

Shareholding

The shareholding of SM Herbals Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2026FY 2025FY 2024FY 2023FY 2022
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of SM Herbals Private Limited, buy the company report.

Charges & borrowings

Open charges
₹4.75 Cr
Satisfied charges
₹2.11 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹4.75 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
18 Oct 200710077108Hdfc Bank Limited₹4.75 CrOpen
12 Aug 200580020539Hdfc Bank Limited₹1 CrSatisfied
12 Aug 200580020543Hdfc Bank Limited₹60 LakhSatisfied
26 Feb 199890073781State Bank of Bikaner & Jaipur₹51 LakhSatisfied

To see the full charge records of SM Herbals Private Limited, buy the company report.

Total charge records: 4 View all charges

MSME payment delays

SM Herbals Private Limited has 6 MSME Form 1 returns on record between 2020 and 2023, listing 73 overdue payments to 21 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 21)

SupplierAmount dueDue sinceReported on
Spark Scientific Private Limited
Force Scientific Technologies Private Limited
Shri Shyam Logistics Services
an individual supplier
Aargus Global Logistics Private Limited

To see the full MSME payment records of SM Herbals Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

SM Herbals Private Limited has a workforce of 46 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
46
Active EPFO establishments
1

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-2746
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of SM Herbals Private Limited, buy the company report.

GST

SM Herbals has 3 GST registrations: 1 active and 2 cancelled or inactive.

Total GSTINs
3
Active
1
Cancelled / inactive
2
GSTINStateStatusRegistered on
08AABCS7144P1ZTRajasthanActive01 Jul 2017

To see the full GST registrations and return filing status of SM Herbals Private Limited, buy the company report.

Recent activity

SM Herbals Private Limited has 13 board changes on record since 2010: 3 appointments and 10 cessations. The latest: Sandeepbhai Bakhubhai Shah ceased to be Additional Director on 07 Dec 2020.

Filing
Sm Herbals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
AGM
Sm Herbals Private Limited last Annual general meeting of members was held on 31 Jul 2025 as per latest MCA records.
Ceased
Sandeepbhai Bakhubhai Shah ceased to be Additional Director.
Appointed
Sandeepbhai Bakhubhai Shah was appointed as Director.
Charges
A charge with Hdfc Bank Limited of Rs. 4.75 Cr registered on 18 Oct 2007 with Charge ID 10077108 was modified on 03 Dec 2020.
Ceased
Jayesh Shantilal Shah ceased to be Additional Director.
Ceased
Nimish Hasmukh Bhai Chudgar ceased to be Additional Director.
Ceased
Aditya Vikram Rungta ceased to be Director.
Appointed
Jayesh Shantilal Shah was appointed as Director.
Appointed
Nimish Hasmukh Bhai Chudgar was appointed as Director.
Ceased
Priti Bader ceased to be Director.
Ceased
Rajendra Kumar Bader ceased to be Director.

14 earlier events are in the company report.

Frequently asked questions

SM Herbals is an active private limited company based in Ahmedabad, Gujarat, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 31 December 1993 (33+ years old) and is registered under CIN U18101GJ1993PTC114239.

SM Herbals has 3 current directors:

The latest financial statements of SM Herbals on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 31 July 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of SM Herbals is 08AABCS7144P1ZT, registered in Rajasthan. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.

The CIN (Corporate Identification Number) of SM Herbals is U18101GJ1993PTC114239. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

SM Herbals has 7 court cases on record: 6 filed by the company and 1 filed against it. Most are in the district courts.

SM Herbals was incorporated on 31 December 1993, making it 33+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Sandeepbhai Bakhubhai Shah ceased to be Additional Director on 07 Dec 2020. Sandeepbhai Bakhubhai Shah was appointed as Director on 04 Dec 2020. Jayesh Shantilal Shah ceased to be Additional Director on 15 Jan 2020. SM Herbals has 13 board changes on record in total.

Yes, SM Herbals is registered as a small enterprise under Udyam registration (number: UDYAM-RJ-02-0017990).

SM Herbals has 6 MSME Form 1 returns on record between 2020 and 2023, listing 73 overdue payments to 21 micro and small suppliers. The latest return was filed on 28 Aug 2023.

SM Herbals can be reached through the website smherbals.com. Its registered office is in Ahmedabad, Gujarat, India.