About SML Films Limited
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SML Films Limited is a public limited company based in Surat, Gujarat, India. It operates in the packaging films and foils segment of the packaging sector. It was incorporated on 05 July 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24119GJ2002PLC040936. Its GSTIN is 24AAGCS6017G1ZJ (Gujarat).
The company has an authorised share capital of ₹65 Cr and a paid-up capital of ₹49.41 Cr. It was formerly known as Surat Metallics Private Limited and Surat Metallics Limited. It is led by directors including Pragnesh Ishwarlal Jariwala (Managing Director) and Dharmesh Harishkumar Jariwala (Whole-Time Director).
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Road No 3 Plot No 815 Saching I D C, Surat, Gujarat, India – 394230.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,421.94 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹64.8 Cr (net margin 4.6%) and EBITDA of ₹223.51 Cr (EBITDA margin 15.7%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 12% over five years.
The company has about 787 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: SML Films and SML Films Ltd. As per MCA filings, the company has open charges of ₹1,229.88 Cr and satisfied charges of ₹490.41 Cr on record. Court records list 20 cases involving the company, including 19 filed by the company and 1 filed against it; 6 cases are pending. The company has 17 deals on record (11 secondary share transfers, 6 funding rounds), with disclosed funding of ₹70.41 Cr; the latest was in March 2022. Its 8 peer companies in the Packaging industry (Films and Foils), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 4 larger and 4 smaller; the largest is Vacmet India Limited with revenue of ₹3,009.64 Cr. The company has 2 MSME Form 1 returns on record between 2023 and 2024, listing 196 overdue payments to 65 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website smlfilms.com.
Company details
Name history
SML Films has undergone 2 name changes throughout its history. The company was previously known as Surat Metallics Private Limited, and Surat Metallics Limited. The current legal name is Sml Films Limited.
| Company Name | Status |
|---|---|
| SML Films Limited | Current |
| Surat Metallics Private Limited | Previous |
| Surat Metallics Limited | Previous |
CIN history
SML Films has one previous CIN (Corporate Identification Number): U24119GJ2002PTC040936. The current CIN is U24119GJ2002PLC040936, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24119GJ2002PLC040936 | Current |
| U24119GJ2002PTC040936 | Previous |
Contact details
SML Films Limited's registered office is in Surat, Gujarat. Its website is smlfilms.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressRoad No 3 Plot No 815 Saching I D C, Surat, Gujarat, India – 394230
- IndustryPackaging, Packaging Films & Foils
To see the full contact details of SML Films Limited, buy the company report.
- 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
Brands
SML Films operates two associated brands: SML Films and SML Films Ltd. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of PET films, including transparent and metalized varieties, in India. | smlfilms.com | |
| Film production, distribution, and media services. | suratmetallics.com |
Business activity
The main business activity of SML Films is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products and textile, leather and other apparel products. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | |
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of SML Films Limited, buy the company report.
Financials of SML Films Limited
FY 2025 filings availableSML Films Limited reported revenue of ₹1,421.94 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 6% growth in the latest year. EBITDA rose 156% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹223.51 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹64.8 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.7% | ||||
| Net Profit Margin | 4.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of SML Films Limited, buy the company report.
Board of directors of SML Films Limited
SML Films has 5 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dharmesh Harishkumar Jariwala | Whole-Time Director | 30 Sep 2009 | 17 Years 0 Months | Current |
| Chintan Nikunjbhai Dalia Also directs: Cape Point Marine (India) Private Limited | Director | 26 Feb 2020 | 6 Years 7 Months | Current |
| Rahul Surendrabhai Mithaiwala Also directs: MPCS Associates LLP, MPCS Consultancy LLP | Director | 23 Sep 2022 | 4 Years 1 Months | Current |
| Pragnesh Ishwarlal Jariwala | Managing Director | 05 Jul 2002 | 24 Years 3 Months | Current |
| Purnima Pankaj Mehta | Director | 21 Dec 2016 | 9 Years 10 Months | Current |
Peer comparison
SML Films Limited is compared with the 8 companies closest to it by revenue in the Packaging industry (Films and Foils), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vacmet India Limited | ₹3,009.64 Cr (FY 2025) | 11.0% | Agra, Uttar Pradesh, India | |||
| Cosmo First Limited | ₹2,969.57 Cr (FY 2025) | 12.0% | New Delhi, Delhi, India | |||
| Garware Hi-Tech Films Limited | ₹2,163.76 Cr (FY 2025) | 26.0% | Chhatrapati Sambhajinagar, Maharashtra, India | |||
| Toppan Speciality Films Private Limited | ₹1,497.36 Cr (FY 2025) | 17.0% | Nawan Shehar, Punjab, India | |||
| SML Films Limitedthis company | ₹1,421.94 Cr (FY 2025) | ₹64.8 Cr | 4.6% | 6.0% | 787 | Surat, Gujarat, India |
| Sparsh Industries Private Limited | ₹1,318.5 Cr (FY 2025) | 7.0% | Delhi, India | |||
| Ester Industries Limited | ₹1,299.04 Cr (FY 2025) | 19.0% | Uttarakhand, India | |||
| Ultimate Flexipack Limited | ₹870.83 Cr (FY 2025) | 9.0% | New Delhi, Delhi, India | |||
| Caprihans India Limited | ₹767.56 Cr (FY 2025) | 6.0% | Khed, Maharashtra, India |
To see the full peer comparison of SML Films Limited, buy the company report.
Auditor
SML Films Limited is audited by DSI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DSI & CO. | FY 2023 | 127226W |
Shareholding
The shareholding of SML Films Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of SML Films Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 May 2021 | 100444484 | Axis Bank Limited | ₹100 Cr | Open | |
| 03 May 2021 | 100441948 | Citi Bank N.A. | ₹75 Cr | Open | |
| 20 Mar 2021 | 100429256 | Others | ₹17.12 Cr | Open | |
| 20 Feb 2021 | 100419481 | Others | ₹166.21 Cr | Open | |
| 12 Oct 2020 | 100382930 | Hdfc Bank Limited | ₹400 Cr | Open |
To see the full charge records of SML Films Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
SML Films Limited has 17 deals on record (11 secondary share transfers, 6 funding rounds), with disclosed funding of ₹70.41 Cr; the latest was in March 2022.
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2016 | Secondary share transfer | Undisclosed | Buyer: Surat Cars Private Limited , Puja Chemicals Private Limited Seller: 4 individuals |
| Feb 2012 | Funding round | ₹18.28 Cr | Investors: Nirvan Resources Pvt Ltd , Puja Chemicals Private Limited |
| Jan 2011 | Secondary share transfer | Undisclosed | Buyer: Puja Chemicals Private Limited, Surat Cars Private Limited Seller: Nirvan Resources Pvt Ltd |
| Jan 2011 | Secondary share transfer | Undisclosed | Buyer: Surat Cars Private Limited Seller: Nirvan Resources Pvt Ltd |
| Nov 2010 | Funding round | ₹24.9 Cr | Investors: Puja Chemicals Private Limited, Nirvan Resources Pvt Ltd , an individual |
To see the full deal history of SML Films Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
SML Films Limited has 20 court cases on record: 19 filed by SML Films, 1 filed against it. 6 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 1 | 4 |
| High courts | 7 | 0 | 2 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CHS) | Filed by the company against Future Generali India Insurance Company Ltd. and 1 other | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against Sandipbhai Kantilal Kaida Prop of Manav Metalik Industries | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against individuals | Pending |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against individuals | Pending |
To see the full case history of SML Films Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
SML Films Limited was last rated by Care on 23 Jul 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 23 Jul 2019 |
To see the full credit ratings and regulatory alerts of SML Films Limited, buy the company report.
MSME payment delays
SML Films Limited has 2 MSME Form 1 returns on record between 2023 and 2024, listing 196 overdue payments to 65 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 65)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Sunford Valves Company | |||
| an individual supplier | |||
| Hariom Timber | |||
| Rana Engineering Co. |
To see the full MSME payment records of SML Films Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
SML Films Limited has a workforce of 787 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
SML Films has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCS6017G1ZJ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of SML Films Limited, buy the company report.
Recent activity
SML Films Limited has 18 board changes on record since 2002: 5 appointments and 13 cessations. The latest: Rahul Surendrabhai Mithaiwala ceased to be Additional Director on 30 Sep 2022.
44 earlier events are in the company report.
Frequently asked questions
SML Films is an active public limited company based in Surat, Gujarat, India. The company works in packaging films and foils, within the packaging industry. It was incorporated on 05 July 2002 (24+ years old) and is registered under CIN U24119GJ2002PLC040936.
SML Films has 5 current directors:
- Pragnesh Ishwarlal Jariwala - Managing Director
- Dharmesh Harishkumar Jariwala - Whole-Time Director
- Chintan Nikunjbhai Dalia - Director
- Rahul Surendrabhai Mithaiwala - Director
- Purnima Pankaj Mehta - Director
The latest financial statements of SML Films on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of SML Films is 24AAGCS6017G1ZJ, registered in Gujarat.
The CIN (Corporate Identification Number) of SML Films is U24119GJ2002PLC040936. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
SML Films has 20 court cases on record: 19 filed by the company and 1 filed against it. 6 are pending. Most are in the district courts.
SML Films was incorporated on 05 July 2002, making it 24+ years old. It is registered with the Registrar of Companies, Ahmedabad.
SML Films has 17 deals on record (11 secondary share transfers, 6 funding rounds), with disclosed funding of ₹70.41 Cr; the latest was in March 2022.
The peers of SML Films by revenue are Vacmet India Limited, Cosmo First Limited, Garware Hi-Tech Films Limited, Toppan Speciality Films Private Limited, Sparsh Industries Private Limited and 3 more, all in the Packaging industry (Films and Foils), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Rahul Surendrabhai Mithaiwala ceased to be Additional Director on 30 Sep 2022. Rahul Surendrabhai Mithaiwala was appointed as Director on 23 Sep 2022. Chintan Nikunjbhai Dalia ceased to be Additional Director on 19 Mar 2020. SML Films has 18 board changes on record in total.
SML Films has 2 MSME Form 1 returns on record between 2023 and 2024, listing 196 overdue payments to 65 micro and small suppliers. The latest return was filed on 27 Apr 2024.
SML Films can be reached through the website smlfilms.com. Its registered office is in Surat, Gujarat, India.