About SML Limited
Data last updated:
SML Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the crop protection segment of the agriculture sector. It was incorporated on 08 July 1960 and has been in existence for over 66 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24110MH1960PLC011752. Its GSTIN is 27AABCS8736K1ZV (Maharashtra). The company holds 22 GST registrations, of which 19 are active.
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹19.36 Lakh. It was formerly known as Sulphur Mills Private Limited. It is led by directors including Bimal Deepak Shah (Managing Director) and Suketu Chandrakant Doshi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 604/605 6th Floor 349 – Business Point Western Express Highway Andheri East Mumbai, Maharashtra, India – 400069.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,214.37 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹54.17 Cr (net margin 4.5%) and EBITDA of ₹36.7 Cr (EBITDA margin 3%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 2% over five years.
The company has about 448 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
As per MCA filings, the company has open charges of ₹125 Cr and satisfied charges of ₹8.6 Cr on record. Court records list 367 cases involving the company, including 354 filed by the company and 10 filed against it; 295 cases are pending. The company has 9 deals on record (9 secondary share transfers); the latest was in March 2019. Its 10 peer companies in the Agriculture industry (Fertilizers, Pesticides) are compared by revenue, 5 larger and 5 smaller; the largest is Heranba Industries Limited.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sulphurmills.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address604/605 6th Floor 349 – Business Point Western Express Highway Andheri East Mumbai, Maharashtra, India – 400069
- IndustryAgriculture, Crop Protection
- 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
- One PDF report, delivered after checkout
Business Activity of SML Limited
The main business activity of SML is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of SML Limited FY 2025 filings available
SML Limited reported revenue of ₹1,214.37 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of SML Limited
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 5% growth in the latest year. EBITDA fell 56% 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 of SML Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹36.7 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹54.17 Cr | •••• | •••• | •••• | •••• |
| 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 of SML Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of SML are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of SML Limited
SML Limited is compared with the companies closest to it by revenue in the Agriculture industry (Fertilizers, Pesticides). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Heranba Industries Limited Listed | •••• | •••• | •••• | •••• | 751 | Vapi, Gujarat, India |
| Prestige Feed Mills Limited | •••• | •••• | •••• | •••• | 52 | Indore, Madhya Pradesh, India |
| GSP Crop Science Limited | •••• | •••• | •••• | •••• | 1,146 | Ahmadabad City, Gujarat, India |
| Nacl Industries Limited Listed | •••• | •••• | •••• | •••• | 25 | Hyderabad, Telangana, India |
| Arysta Lifescience India Limited | •••• | •••• | •••• | •••• | 272 | Mumbai, Maharashtra, India |
| SML Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Cheminova India Limited | •••• | •••• | •••• | •••• | 291 | Mumbai, Maharashtra, India |
| Bharat Rasayan Limited Listed | •••• | •••• | •••• | •••• | 863 | New Delhi, Delhi, India |
| The Andhra Sugars Limited Listed | •••• | •••• | •••• | •••• | 20 | Tanuku (Mdl), Andhra Pradesh, India |
| Corteva Crop India Private Limited | •••• | •••• | •••• | •••• | 97 | Hyderabad, Telangana, India |
| Hemani Industries Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below SML by revenue in the Agriculture industry (Fertilizers, Pesticides), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of SML Limited
SML Limited is audited by B.D. JOKHAKAR & CO. for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B.D. JOKHAKAR & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of SML Limited
SML has 11 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suketu Chandrakant Doshi Also directs: Sumil Chemical Industries Private Limited | Whole-Time Director | 01 Apr 1985 | 41 Years 6 Months | Current |
| Shilpa Deepak Shah Also directs: Sumil Chemical Industries Private Limited | Whole-Time Director | 31 Dec 1996 | 29 Years 9 Months | Current |
| Binoy Shailesh Shah Also directs: R3 Crop Care Private Limited, Sumil Chemical Industries Private Limited, Krian Properties LLP and 5 more | Whole-Time Director | 31 Dec 1996 | 29 Years 9 Months | Current |
| Sanjay Buch Ramakant | Director | 10 Dec 2018 | 7 Years 9 Months | Current |
| Rajivkumar Madhusudan Pandit Also directs: R3 Crop Care Private Limited, Crop Care Federation of India | Director | 25 Jan 2019 | 7 Years 8 Months | Current |
| Komal Niraj Bhukhanwala | Whole-Time Director | 01 Mar 2013 | 13 Years 7 Months | Current |
Ownership and Shareholding of SML Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of SML Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Aug 2018 | Dbs Bank Ltd | ₹20 Cr | Open |
| 26 Jun 2018 | Others | ₹105 Cr | Open |
| 31 May 2001 | Bank of India | ₹6.7 Cr | Satisfied |
| 17 Nov 1994 | Bank of India | ₹25 Lakh | Satisfied |
| 07 Nov 1994 | Bank of India | ₹25 Lakh | Satisfied |
Total charge records: 13 View all charges
Deals & Funding of SML Limited
SML Limited has 9 deals on record (9 secondary share transfers); the latest was in March 2019.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Jun 2012 | Secondary share transfer | Undisclosed | Seller: Shailesh P Shah HUF, 3 individuals |
| May 2006 | Secondary share transfer | Undisclosed | Seller: Parimal P Shah HUF, 3 individuals |
Full deal history
All 9 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of SML Limited
SML Limited has 367 court cases on record: 354 filed by SML, 10 filed against it, 3 where it is another party. 295 cases are pending and 72 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 297 | 1 | 247 |
| High courts | 68 | 9 | 47 |
| Supreme Court | 2 | 0 | 1 |
Cases on record (5 of 367)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Smith N Smith Chemicals Limited | Pending |
| Bombay High Court | Court case (COMIP) | Filed by the company against Chemical(India)Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Iffco Ebazar Limited | Pending |
| Bombay High Court | Court case (COMIP) | Filed by the company against Smith N Smith Chemicals Limited | Pending |
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed by the company against Moti Insecticides Private Limited | Pending |
Full case history
All 367 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at SML Limited
SML Limited has a workforce of 448 employees as of Sep 23, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of SML Limited
SML has 3 subsidiary companies. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Hexagon Containers Private Limited | U22203MH2023PTC407566 | Locked |
| Nourishag Global Private Limited | U24100MH2022PTC382804 | Locked |
| Private Limited | U24210MH1992PTC066957 | Locked |
Showing major subsidiaries. Total: 3.
CIN History of SML Limited
SML has one previous CIN (Corporate Identification Number): U24110MH1960PTC011752. The current CIN is U24110MH1960PLC011752, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24110MH1960PLC011752 | Current |
| U24110MH1960PTC011752 | Previous |
News related to SML Limited
Recent Activity on SML Limited
SML Limited has 23 board changes on record since 1976: 11 appointments and 12 cessations. The latest: Bikramjit Madhusudan Saha was appointed as Additional Director on 12 Jan 2026.
46 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for SML Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by SML Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of SML Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of SML Limited
SML has 22 GST registrations: 19 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCS8736K1ZV | Maharashtra | Active | 01 Jul 2017 |
| 27AABCS8736K2ZU | Maharashtra | Active | 29 Mar 2018 |
| 27AABCS8736K3ZT | Maharashtra | Active | 10 Mar 2025 |
| 03AABCS8736K1Z5 | Punjab | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of SML Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about SML Limited
SML is an active public limited company based in Mumbai, Maharashtra, India. The company works in crop protection, within the agriculture industry. It was incorporated on 08 July 1960 (66+ years old) and is registered under CIN U24110MH1960PLC011752.
SML reported revenue of ₹1,214.37 Cr for FY 2025 (up 5% YoY).
SML has 11 current directors:
- Bimal Deepak Shah - Managing Director
- Suketu Chandrakant Doshi - Whole-Time Director
- Shilpa Deepak Shah - Whole-Time Director
- Binoy Shailesh Shah - Whole-Time Director
- Komal Niraj Bhukhanwala - Whole-Time Director
- Deepak Pranjivandas Shah - Whole-Time Director
- Sanjay Buch Ramakant - Director
- Rajivkumar Madhusudan Pandit - Director
- Bikramjit Madhusudan Saha - Additional Director
- Raj Ajudhianath Kaul - Additional Director
- Ajit Kumar - Director
SML reported a net profit of ₹54.17 Cr (net margin 4.5%) and EBITDA of ₹36.7 Cr (EBITDA margin 3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of SML is -3% over three years and 2% over five years. In the latest year (FY 2025) revenue rose 5%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of SML is 27AABCS8736K1ZV, registered in Maharashtra. The company has 22 GST registrations in all, of which 19 are active and 3 are cancelled or inactive. Other active GSTINs include 27AABCS8736K2ZU (Maharashtra), 27AABCS8736K3ZT (Maharashtra), 03AABCS8736K1Z5 (Punjab).
The CIN (Corporate Identification Number) of SML is U24110MH1960PLC011752. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
SML has 367 court cases on record: 354 filed by the company and 10 filed against it. 295 are pending. Most are in the district courts.
SML was incorporated on 08 July 1960, making it 66+ years old. It is registered with the Registrar of Companies, Mumbai.
SML has 9 deals on record (9 secondary share transfers); the latest was in March 2019.
The peers of SML by revenue are Heranba Industries Limited, Prestige Feed Mills Limited, GSP Crop Science Limited, Nacl Industries Limited, Arysta Lifescience India Limited and 5 more, all in the Agriculture industry (Fertilizers, Pesticides).