Smruthi Organics Ltd - pharma in Solapur, Maharashtra, India. FY 2026 financials & compliance.
CIN L24119PN1989PLC052562 Incorporated 11 July 1989 ROC Pune HQ Solapur, Maharashtra, India
Active Listed - BSE: 540686 Public Limited Company pharma MSME · Medium
Data last updated
Market Cap
₹185 Cr
SMRUTHIORG · BSE
Share Price
₹157.05
-3.59% today
Revenue
₹102 Cr
FY 2025-26 · -19.1% YoY
EBITDA
₹12.58 Cr
Margin 12.3%
Net Profit
₹3.75 Cr
FY 2025-26 · +5.3% YoY
P/E (TTM)
23.5x
P/B 2.5x
ROE
4.7%
ROCE 7.5%
Debt / Equity
0.17
Interest cover 27.0x

About Smruthi Organics Ltd

Data last updated:

Smruthi Organics Ltd is a public limited company based in Solapur, Maharashtra, India. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 11 July 1989 and has been in existence for over 37 years.

The company is registered with the Registrar of Companies (ROC), Pune, under CIN L24119PN1989PLC052562. Its GSTIN is 27AACCS5562Q1ZO (Maharashtra). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 540686.

The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹11.45 Cr. It is led by directors including Purushotham Malaiah Eaga (Managing Director) and Swapnil Purushotham Eaga (Managing Director).

Its last annual general meeting (AGM) was held on 20 June 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 165 A Balaji Bhavanrailway Lines, Solapur, Maharashtra, India – 413001.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹101.97 Cr, a decline of 19.1% compared to the previous year. For the same year it recorded a net profit of ₹3.75 Cr (net margin 3.7%) and EBITDA of ₹12.58 Cr (EBITDA margin 12.3%). The net worth stands at ₹73.52 Cr (up 2.6% YoY). Total assets are valued at ₹81.96 Cr (down 7.3% YoY).

The company has about 585 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Smruthi Organics. As per MCA filings, the company has open charges of ₹63.55 Cr and satisfied charges of ₹74.87 Cr on record. Court records list 45 cases involving the company, including 32 filed by the company and 13 filed against it; 12 cases are pending. The company has 20 deals on record (20 market trades); the latest was in July 2021. Its 9 peer companies in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 5 smaller; the largest is Apex Healthcare Limited with revenue of ₹127.54 Cr. The company has 8 MSME Form 1 returns on record between 2019 and 2022, listing 159 overdue payments to 17 micro and small suppliers.

Smruthi Organics Ltd is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-32-0000283). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website smruthiorganics.com.

Company details

CIN L24119PN1989PLC052562
Registration Number 052562
Incorporation Date 11 July 1989
ROC Pune
Listing Status Listed - Listed on BSE (540686)
Company Status Active
Date of Last AGM 20 June 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-32-0000283

CIN history

Smruthi Organics has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L24119PN1989PLC052562, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L24119PN1989PLC052562Current
U24119MH1989SGC052562Previous
U24119PN1989PLC052562Previous

Recognitions & Rankings of Smruthi Organics

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-32-0000283

Contact details

Smruthi Organics Ltd's registered office is in Solapur, Maharashtra. Its website is smruthiorganics.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    165 A Balaji Bhavanrailway Lines, Solapur, Maharashtra, India – 413001
  • Industry
    Pharma, API Manufacturers

To see the full contact details of Smruthi Organics Ltd, buy the company report.

Comprehensive company report
Smruthi Organics Ltd - 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
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Brands

Smruthi Organics operates one associated brand: Smruthi Organics. Each brand links to its own profile.

BrandDescriptionWebsite
Stainless steel and glass-lined reactors with APIs are manufactured.smruthiorganics.com

Business activity

The main business activity of Smruthi Organics is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

To see the full business activity and turnover split of Smruthi Organics Ltd, buy the company report.

Financials of Smruthi Organics Ltd

FY 2025-26 filings available

Smruthi Organics Ltd reported revenue of ₹101.97 Cr (down 19.1% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹102 Cr
-19.1% YoY
EBITDA
₹12.58 Cr
+3.3% YoY
Profit After Tax
₹3.75 Cr
+5.3% YoY
Net Worth
₹73.52 Cr
+2.6% YoY
Total Assets
₹81.96 Cr
-7.3% YoY
Total Debt
₹8.36 Cr
-50.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue102126128141133126131
Revenue growth-19.1%-1.3%-9.5%+5.8%+5.4%-3.5%-
EBITDA12.5812.1811.969.8018.4328.5415.24
EBITDA margin+12.3%+9.7%+9.4%+7.0%+13.8%+22.6%+11.6%
Profit before tax4.674.904.984.5213.7724.0612.09
Net profit3.753.563.604.1610.3817.118.44
Net profit margin+3.7%+2.8%+2.8%+3.0%+7.8%+13.5%+6.4%
EPS (₹)2.993.113.143.619.0714.9522.14
Balance sheet
Total assets81.9688.4681.4174.2472.6773.0361.40
Net worth73.5271.6369.6268.1667.1760.5042.47
Total debt8.3616.8011.705.702.839.9015.66
Cash & bank2.270.510.571.750.5716.143.57
Net working capital31.8340.9239.5034.9439.6342.5228.78
Cash flow
Cash from operations22.269.984.4012.112.1722.8221.43
Cash from investing(8.92)(11.42)(7.16)(10.25)7.15(3.40)(4.52)
Cash from financing(12.07)1.402.66(1.52)(12.11)(6.86)(17.49)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue29.3029.0522.2931.6018.8538.0931.2529.39
Revenue growth (YoY)+55.4%-23.7%-28.7%+7.5%-30.9%---
Other income0.030.020.010.010.090.080.000.01
Total expenses23.5525.2418.7426.5918.6133.4227.0926.50
EBITDA5.753.813.555.010.244.674.162.89
EBITDA margin+19.6%+13.1%+15.9%+15.9%+1.3%+12.3%+13.3%+9.8%
Depreciation1.601.751.671.511.411.501.371.33
Interest0.310.310.250.660.460.520.510.44
Profit before tax3.871.771.642.85(1.54)2.732.281.13
Tax0.990.700.240.79(0.44)0.510.810.36

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue29.3029.0522.2931.6018.8538.0931.2529.39
Revenue growth (YoY)+55.4%-23.7%-28.7%+7.5%-30.9%---
Other income0.030.020.010.010.090.080.000.01
Total expenses23.5525.2418.7426.5918.6133.4227.0926.50
EBITDA5.753.813.555.010.244.674.162.89
EBITDA margin+19.6%+13.1%+15.9%+15.9%+1.3%+12.3%+13.3%+9.8%
Depreciation1.601.751.671.511.411.501.371.33
Interest0.310.310.250.660.460.520.510.44
Profit before tax3.871.771.642.85(1.54)2.732.281.13
Tax0.990.700.240.79(0.44)0.510.810.36
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue102126128141133126131
Revenue growth-19.1%-1.3%-9.5%+5.8%+5.4%-3.5%-
Other income0.120.090.080.110.580.564.42
Total expenses89.3911411613111597.96116
Employee cost17.5617.3517.1615.8213.7315.6413.57
EBITDA12.5812.1811.969.8018.4328.5415.24
EBITDA margin+12.3%+9.7%+9.4%+7.0%+13.8%+22.6%+11.6%
Depreciation6.355.505.654.574.263.954.39
Interest1.681.871.410.820.981.093.18
Profit before tax4.674.904.984.5213.7724.0612.09
Tax1.241.341.380.363.396.953.65
Net profit3.753.563.604.1610.3817.118.44
Net profit margin+3.7%+2.8%+2.8%+3.0%+7.8%+13.5%+6.4%
EPS (₹)2.993.113.143.619.0714.9522.14
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital11.4511.4511.4511.4511.4511.453.82
Reserves & surplus62.0760.1858.1756.7155.7249.0538.65
Shareholders' funds (net worth)73.5271.6369.6268.1667.1760.5042.47
Secured loans8.2616.8011.705.591.980.000.00
Unsecured loans0.100.000.000.110.859.9015.66
Total debt8.3616.8011.705.702.839.9015.66
Total liabilities81.9688.4681.4174.2472.6773.0361.40
Assets
Gross block149141130122114107104
Net block46.8944.9739.9937.0333.3431.0031.71
Capital work in progress2.972.551.431.990.800.840.19
Investments0.200.160.130.120.050.050.05
Inventories28.3528.3129.7823.9919.9318.1317.09
Sundry debtors19.3032.4741.0336.9628.5021.3524.57
Cash & bank balances2.270.510.571.750.5716.143.57
Loans & advances2.782.044.052.613.513.467.81
Total current assets52.7063.3375.4365.3152.5159.0853.04
Total current liabilities20.8722.4135.9330.3712.8816.5624.26
Net working capital31.8340.9239.5034.9439.6342.5228.78
Total assets81.9688.4681.4174.2472.6773.0361.40
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.440.480.590.243.033.574.16
Net cash from operating activities22.269.984.4012.112.1722.8221.43
Net cash from investing activities(8.92)(11.42)(7.16)(10.25)7.15(3.40)(4.52)
Net cash from financing activities(12.07)1.402.66(1.52)(12.11)(6.86)(17.49)
Net change in cash1.27(0.04)(0.11)0.34(2.79)12.57(0.58)
Closing cash2.270.510.571.750.5716.143.57
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-19.1%-1.3%-9.5%+5.8%+5.4%-3.5%-
EBITDA growth+3.3%+1.8%+22.0%-46.8%-35.4%+87.3%-
PBT growth-4.7%-1.6%+10.2%-67.2%-42.8%+99.0%+24.0%
Net income growth+5.3%-1.1%-13.5%-59.9%-39.3%+102.7%-
Revenue CAGR (3Y)-10.3%-1.9%+0.3%+2.5%-1.0%+9.1%+18.2%
EBITDA CAGR (3Y)+8.7%-12.9%-25.2%-13.7%+3.6%+106.3%+15.3%
Profitability & leverage
Net income margin+3.4%+2.8%+2.8%+3.0%+7.8%+13.5%+6.4%
Return on capital employed+7.5%+8.0%+8.2%+7.2%+20.2%+37.4%+23.7%
Return on net worth+4.7%+5.0%+5.2%+6.1%+16.3%+33.2%+21.4%
Debt / equity0.170.200.130.060.100.250.55
Long-term debt / equity0.070.100.040.010.000.040.06
Interest cover26.9727.9922.3515.686.924.4329.31
Efficiency & per share
Fixed asset turnover0.700.931.011.191.211.201.30
Inventory turnover3.604.344.756.427.017.186.59
Debtors turnover3.943.433.274.315.355.514.30
EPS (₹)2.993.113.143.619.0714.9522.14
Dividend per share (₹)1.501.501.502.003.003.003.00
Book value per share (₹)64.2262.5860.8259.5458.6852.85111.29

To see the full year-wise statements and ratios of Smruthi Organics Ltd, buy the company report.

Board of directors of Smruthi Organics Ltd

Smruthi Organics has 6 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Purushotham Malaiah EagaManaging Director01 Aug 201016 Years 3 MonthsCurrent
Smruthi Purushotham EagaDirector12 Feb 20224 Years 8 MonthsCurrent
Swapnil Purushotham EagaManaging Director06 Apr 200917 Years 7 MonthsCurrent
Prakash Purushottam WadgaonkarDirector29 Jul 20242 Years 3 MonthsCurrent
Anoop Anil DoshiDirector29 Jul 20242 Years 3 MonthsCurrent
Dharmaraj Ramachandra RaoDirector29 Jul 20242 Years 3 MonthsCurrent

Peer comparison

Smruthi Organics Ltd is compared with the 9 companies closest to it by revenue in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Apex Healthcare Limited₹127.54 Cr (FY 2025)64.0%Surat, Gujarat, India
Coral Drugs Private Limited₹126.9 Cr (FY 2025)11.0%New Delhi, Delhi, India
Sohan Healthcare Private Limited₹126.69 Cr (FY 2025)6.0%Yavatmal, Maharashtra, India
Corey Organics Private Limited₹126.33 Cr (FY 2025)-6.0%Hyderabad, Telangana, India
Alcon Biosciences Private Limited₹125.22 Cr (FY 2025)10.0%Mumbai, Maharashtra, India
Quad Lifesciences Private Limited₹123.66 Cr (FY 2025)26.0%Derabassi, Punjab, India
Roopa Industries Limited₹122.98 Cr (FY 2025)72.0%Kurnool, A.P, Andhra Pradesh, India
Richter Themis Medicare (India) Private Limited₹122.69 Cr (FY 2025)-13.0%Valsad, Gujarat, India
Nuray Chemicals Private Limited₹122.27 Cr (FY 2025)16.0%Thiruvallur, Tamil Nadu, India
Smruthi Organics Ltdthis company₹101.97 Cr (FY 2026)₹3.75 Cr3.7%-19.1%585Solapur, Maharashtra, India

To see the full peer comparison of Smruthi Organics Ltd, buy the company report.

Auditor

Smruthi Organics Ltd is audited by GOKHALE AND SATHE for the financial year 2023.

Auditor firmFinancial yearFirm registration number
GOKHALE AND SATHEFY 2023103264W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 64.70%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 35.30%.

Promoters: 64.70%Retail & Others: 35.30%
Sep 2026
QUARTER
64.70% Promoters
35.30% Retail & Others
Promoter holding - history
Now 64.70% · Sep 2026High 64.70% · Dec 2025Low 64.70% · Dec 2025
63%63.8%64.5%65.3%66%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 64.70%Mar 2026: 64.70%Jun 2026: 64.70%Sep 2026: 64.70%64.70%64.70%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters64.70%64.70%64.70%64.70%
Public35.30%35.30%35.30%35.30%

Charges & borrowings

Open charges
₹63.55 Cr
Satisfied charges
₹74.87 Cr
Breakdown by lending institutions
State Bank of India₹46.55 Cr
Axis Bank Limited₹17.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
31 Aug 2023100781773Axis Bank Limited₹17 CrOpen
15 Feb 200180013457State Bank of India₹46.55 CrOpen
27 Feb 2023100687533Axis Bank Limited₹87 LakhSatisfied
17 Dec 201210398153Axis Bank Limited₹19.25 CrSatisfied
15 Feb 200710044312Sbi Factors and Commercial Services (P) Limited₹54.75 CrSatisfied

To see the full charge records of Smruthi Organics Ltd, buy the company report.

Total charge records: 5 View all charges

Deals & funding

Smruthi Organics Ltd has 20 deals on record (20 market trades); the latest was in July 2021.

Total deals
20
Market trades
20

Deals on record (5 of 20)

WhenDealAmountParties
Jul 2021Market trade₹2 CrBuyer: Alpha Leon Enterprises LLP
Seller: Alpha Leon Enterprises LLP
Jul 2021Market trade₹2.86 CrBuyer: Alpha Leon Enterprises LLP
Seller: Alpha Leon Enterprises LLP
Jan 2021Market trade₹2.43 CrSeller: Rajasthan Global Securities Private Limited
Jan 2018Market trade₹50.9 LakhBuyer: Rajasthan Global Securities Private Limited
Seller: an individual
Sep 2014Market trade₹17.2 LakhBuyer: Rajasthan Global Securities Private Limited

To see the full deal history of Smruthi Organics Ltd, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Smruthi Organics Ltd was last rated by Care on 05 Jan 2022.

Rating agencyRated onRating
Care05 Jan 2022

To see the full credit ratings and regulatory alerts of Smruthi Organics Ltd, buy the company report.

MSME payment delays

Smruthi Organics Ltd has 8 MSME Form 1 returns on record between 2019 and 2022, listing 159 overdue payments to 17 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 17)

SupplierAmount dueDue sinceReported on
JPS Chemicals Private Limited
SKF India Limited
an individual supplier
Standard Reagents Private Limited
Ad Pharma Equipment Private Limited

To see the full MSME payment records of Smruthi Organics Ltd, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Smruthi Organics Ltd has a workforce of 585 employees on its EPFO records as of Apr 01, 2024, across 2 active EPFO establishments.

Employee count
585
Active EPFO establishments
2
Employee growth
-27.69%

GST

Smruthi Organics has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
27AACCS5562Q1ZOMaharashtraActive01 Jul 2017
36AACCS5562Q1ZPTelanganaActive11 Dec 2018

To see the full GST registrations and return filing status of Smruthi Organics Ltd, buy the company report.

Recent activity

Smruthi Organics Ltd has 24 board changes on record since 1994: 15 appointments and 9 cessations. The latest: Anoop Anil Doshi was appointed as Director on 29 Jul 2024.

Charges
A charge registered on 27 Feb 2023 via Charge ID 100687533 with Axis Bank Limited was fully satisfied on 25 May 2026.
Filing
Smruthi Organics Ltd has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Pune.
AGM
Smruthi Organics Ltd last Annual general meeting of members was held on 20 Jun 2025 as per latest MCA records.
Appointed
Anoop Anil Doshi was appointed as Director.
Appointed
Dharmaraj Ramachandra Rao was appointed as Director.
Appointed
Prakash Purushottam Wadgaonkar was appointed as Director.
Ceased
Jayant Hari Ranade ceased to be Director.
Ceased
Kashinath Revappa Dhole ceased to be Director.
Ceased
Kunamalla Ramaswamy ceased to be Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 17.00 Cr with Charge ID 100781773 was registered on 31 Aug 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.87 Cr with Charge ID 100687533 was registered on 27 Feb 2023.
Appointed
Smruthi Purushotham Eaga was appointed as Director.

26 earlier events are in the company report.

Frequently asked questions

Smruthi Organics is an active public limited company based in Solapur, Maharashtra, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 11 July 1989 (37+ years old) and is registered under CIN L24119PN1989PLC052562. Listed on BSE: 540686.

Smruthi Organics reported revenue of ₹101.97 Cr for FY 2025-26 (down 19.1% YoY) based on standalone financials.

Smruthi Organics has 6 current directors:

The latest financial statements of Smruthi Organics on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 20 June 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Smruthi Organics is 27AACCS5562Q1ZO, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 36AACCS5562Q1ZP (Telangana).

The CIN (Corporate Identification Number) of Smruthi Organics is L24119PN1989PLC052562. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Smruthi Organics is a listed company as per MCA records. Its shares are listed on BSE (code: 540686).

Smruthi Organics has 45 court cases on record: 32 filed by the company and 13 filed against it. 12 are pending. Most are in the district courts.

Smruthi Organics was incorporated on 11 July 1989, making it 37+ years old. It is registered with the Registrar of Companies, Pune.

Smruthi Organics has 20 deals on record (20 market trades); the latest was in July 2021.

The peers of Smruthi Organics by revenue are Apex Healthcare Limited, Coral Drugs Private Limited, Sohan Healthcare Private Limited, Corey Organics Private Limited, Alcon Biosciences Private Limited and 4 more, all in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).

Anoop Anil Doshi was appointed as Director on 29 Jul 2024. Dharmaraj Ramachandra Rao was appointed as Director on 29 Jul 2024. Prakash Purushottam Wadgaonkar was appointed as Director on 29 Jul 2024. Smruthi Organics has 24 board changes on record in total.