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 ₹1,008.44 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 5.4%) and EBITDA of ₹36.7 Cr (EBITDA margin 3.6%). 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 365 cases involving the company, including 352 filed by the company and 13 filed against it; 294 cases are pending. The company has 9 deals on record (9 secondary share transfers); the latest was in March 2019. Its 4 peer companies in the Agriculture industry (Fertilizers, Pesticides), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 1 larger and 3 smaller; the largest is Arysta Lifescience India Limited with revenue of ₹1,217.88 Cr.
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.
Company details
CIN history
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 |
Contact details
SML Limited's registered office is in Mumbai, Maharashtra. Its website is sulphurmills.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address604/605 6th Floor 349 – Business Point Western Express Highway Andheri East Mumbai, Maharashtra, India – 400069
- IndustryAgriculture, Crop Protection
To see the full contact details of SML 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
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of SML Limited, buy the company report.
Financials of SML Limited
FY 2025 filings availableSML Limited reported revenue of ₹1,008.44 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| 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 | ₹1,008.44 Cr | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.6% | ||||
| Net Profit Margin | 5.4% | ||||
| 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 SML Limited, buy the company report.
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 7 Months | Current |
| Shilpa Deepak Shah Also directs: Sumil Chemical Industries Private Limited | Whole-Time Director | 31 Dec 1996 | 29 Years 10 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 10 Months | Current |
| Sanjay Buch Ramakant | Director | 10 Dec 2018 | 7 Years 10 Months | Current |
| Rajivkumar Madhusudan Pandit Also directs: R3 Crop Care Private Limited, Crop Care Federation of India | Director | 25 Jan 2019 | 7 Years 9 Months | Current |
| Komal Niraj Bhukhanwala | Whole-Time Director | 01 Mar 2013 | 13 Years 8 Months | Current |
Peer comparison
SML Limited is compared with the 4 companies closest to it by revenue in the Agriculture industry (Fertilizers, Pesticides), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arysta Lifescience India Limited | ₹1,217.88 Cr (FY 2022) | 240.0% | Mumbai, Maharashtra, India | |||
| Cheminova India Limited | ₹1,205.86 Cr (FY 2025) | -50.0% | Mumbai, Maharashtra, India | |||
| Corteva Crop India Private Limited | ₹1,175.36 Cr (FY 2025) | 16.0% | Hyderabad, Telangana, India | |||
| Hemani Industries Limited | ₹1,166.06 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| SML Limitedthis company | ₹1,008.44 Cr (FY 2025) | ₹54.17 Cr | 5.4% | 5.0% | 448 | Mumbai, Maharashtra, India |
To see the full peer comparison of SML Limited, buy the company report.
Auditor
SML Limited is audited by B.D. JOKHAKAR & CO. for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.D. JOKHAKAR & CO. | FY 2025 | 104345W |
Shareholding
The shareholding of SML Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of SML Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Aug 2018 | 100200886 | Dbs Bank Ltd | ₹20 Cr | Open | |
| 26 Jun 2018 | 100217321 | Others | ₹105 Cr | Open | |
| 31 May 2001 | 90243522 | Bank of India | ₹6.7 Cr | Satisfied | |
| 17 Nov 1994 | 90243213 | Bank of India | ₹25 Lakh | Satisfied | |
| 07 Nov 1994 | 90243211 | Bank of India | ₹25 Lakh | Satisfied |
To see the full charge records of SML Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
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 |
To see the full deal history of SML 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 Limited has 365 court cases on record: 352 filed by SML, 13 filed against it. 294 cases are pending and 71 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 297 | 4 | 247 |
| High courts | 66 | 9 | 46 |
| Supreme Court | 2 | 0 | 1 |
Cases on record (5 of 365)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Interim or miscellaneous application | Filed against the company by Smith N Smith Chemicals Limited | Pending |
| High Court of Delhi | Court case (C.O.(COMM.IPD-PAT)) | Filed against the company by Safex Chemicals (India) Ltd | Disposed |
| District court, Bhavnagar, Gujarat | Criminal complaint | Filed against the company | Pending |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by Bochasanwasi Shri Aksharpurshottam Public Charitable Trust | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Safex Chemical India Limited | Pending |
To see the full case history of SML 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 Limited was last rated by Crisil on 30 May 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 30 May 2019 |
To see the full credit ratings and regulatory alerts of SML Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for SML Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
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 | |
| Nourishag Global Private Limited | U24100MH2022PTC382804 | |
| Private Limited | U24210MH1992PTC066957 |
To see the full group structure of SML Limited, buy the company report.
Employees & EPFO
SML Limited has a workforce of 448 employees on its EPFO records as of Sep 23, 2025, across 1 active EPFO establishment.
GST
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 |
To see the full GST registrations and return filing status of SML Limited, buy the company report.
Recent activity
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 in the company report.
News
Frequently asked questions
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 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
The latest financial statements of SML on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
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 365 court cases on record: 352 filed by the company and 13 filed against it. 294 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 Arysta Lifescience India Limited, Cheminova India Limited, Corteva Crop India Private Limited, Hemani Industries Limited, all in the Agriculture industry (Fertilizers, Pesticides), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Bikramjit Madhusudan Saha was appointed as Additional Director on 12 Jan 2026. Raj Ajudhianath Kaul was appointed as Additional Director on 25 Nov 2025. Ajit Krishna Kumar ceased to be Additional Director on 29 Sep 2025. SML has 23 board changes on record in total.
SML can be reached through the website sulphurmills.com. Its registered office is in Mumbai, Maharashtra, India.
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