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Smruthi Organics Ltd (540686)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540686 NSE: Pharmaceuticals & Drugs | Small Cap | Smruthi Organics Share Price

₹126.95 -1.00 (-0.78%)

As on 13-Aug'26 16:59

Smruthi Organics Ltd (540686)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540686 NSE: Pharmaceuticals & Drugs | Small Cap | Smruthi Organics Share Price

₹126.95 -1.00 (-0.78%)

As on 13-Aug'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹145 Cr.
Current Price
₹127
52-Week Low / High
₹95 / 164
TTM EPS
₹6.5
TTM Sales
₹112 Cr.
Book Value per Share
₹66.8
P/E Ratio
19.47
Lower than its 5-year historical median
Industry PE
53.4
Price to Book (P/B)
1.90
Lower than its 5-year historical median
Price to Sales (P/S)
1.29
In line with its 5-year historical median
EV/EBITDA
8.10
Lower than its 5-year historical median
Dividend Yield
1.18%
Profitability Efficiency
Return on Equity (ROE)
4.72%
Underperforms industry median
Return on Capital Employed (ROCE)
7.46%
Underperforms industry median
Return on Assets (ROA)
3.14%
Operating Profit Margin
13%
Net Profit Margin
3.36%
Gross Profit Margin
11.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-19.08%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
7.24%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
-3.65%
Asset Quality
Promoter Holding
64.73%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹65 Cr.
Equity
₹11.5 Cr.
Face Value
₹10
All Time Low / High
₹21.70 / 419.35

Smruthi Organics stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Weak
Q.1 Is Smruthi Organics Ltd a good quality company?
Smruthi Organics Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Smruthi Organics Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Smruthi Organics Ltd vs industry peers?
Smruthi Organics Ltd revenue CAGR is -4.22%, compared to the industry median CAGR of 5.68%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Smruthi Organics Ltd?
Promoters hold 64.73% of the Smruthi Organics Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Smruthi Organics Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -18.91% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Smruthi Organics Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 10.6%-1%21.5%25%39.1%21%7.4%8.2%8%7.5%-
Value Creation
Index
-0.2-1.10.50.81.80.5-0.5-0.4-0.4-0.5-

Growth Parameters

Sales 79.497.3137131127133141128126102112
Sales YoY Gr.-22.7%41.2%-4.6%-3.5%5.4%5.8%-9.5%-1.3%-19.1%-
Adj EPS 1.4-2.865.314.99.23.73.33.13.46.5
YoY Gr.--303.6%NA-12.3%183.5%-38%-60.1%-11.9%-4.6%10.7%-
BVPS (₹) 28.225.431.837.152.958.759.660.862.664.266.8
Adj Net
Profit
1.6-3.26.9617.110.64.23.73.63.97
Cash Flow from Ops. 9.25.112.121.422.82.212.14.41022.3-
Debt/CF from Ops. 3.562.30.70.41.30.52.71.70.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 2.8%-4.2%-10.3%-19.1%
Adj EPS 10.7%-25.5%-2.4%10.7%
BVPS9.6%4%2.6%2.6%
Share Price - -18.7% -6.5% 4.5%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
5-10.52115.333.116.66.25.455.410
Op. Profit
Mgn %
12.63.412.512.122.61479.59.71316.6
Net Profit
Mgn %
2-3.354.613.57.932.92.83.96.7
Debt to
Equity
11.10.80.40.200.10.20.20.1-
Working Cap
Days
25819415516313913215319720420975
Cash Conv.
Cycle
908066584881929911913440

Valuation of Smruthi Organics - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales7997137131127133141128126102
Operating Expenses + 69941211169811513111611489
Manufacturing Costs9111314121618192220
Material Costs49619183668091726945
Employee Cost 891314121416171718
Other Costs 31345856766
Operating Profit 1031715291810121213
Operating Profit Margin (%) 12.5%3.3%12.1%11.6%22.6%13.8%6.9%9.4%9.7%12.8%
Other Income + 1014110000
Exceptional Items 000000000-0
Interest 4443111122
Depreciation 4444445666
Profit Before Tax 3-5101224144555
Tax 1-134730111
Profit After Tax 2-37817104443
PAT Margin (%) 2.0%-3.3%5.0%6.4%13.5%7.8%2.9%2.8%2.8%3.4%
Adjusted EPS (₹)1.4-2.86.07.415.09.13.63.13.13.0
Dividend Payout Ratio (%)0%0%11.10%13.60%20.10%33.10%55.40%47.80%48.20%50.10%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 32293642606768707274
Share Capital 4444111111111111
Reserves 28253339495657586062
Debt +27292816103510148
Long Term Debt8622101683
Short Term Debt192325141035466
Minority Interest0000000000
Trade Payables17223022141125291614
Others Liabilities 1047777911119
Total Liabilities 8584101889288107119113105

Fixed Assets

Net Fixed Assets +30303032313337404547
Gross Block309498104107114122131141149
Accumulated Depreciation06468727681859196102
CWIP 1120112133
Investments 0000000000
Inventories19212317182024302828
Trade Receivables21253625212837413219
Cash Equivalents 22441612112
Others Assets 125611445645
Total Assets 8584101889288107119113105
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 9512212321241022
PBT 3-5101224145555
Adjustment 7777455678
Changes in Working Capital -13-550-133-6-011
Tax Paid -0-00-3-6-4-1-1-2-1
Cash Flow From Investing Activity + -0-3-4-5-37-10-7-11-9
Capex -2-4-5-5-4-7-9-8-12-8
Net Investments 0000013-110-1
Others 1100110000
Cash Flow From Financing Activity + -9-2-5-17-7-12-231-12
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -4-2-4-0-0-0164-9
Interest Paid -4-4-4-3-1-1-1-1-2-1
Dividend Paid 000-20-3-3-2-2-2
Others 042-12-5-72-11-1
Net Cash Flow 002-113-30-0-01
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)5.03-10.4820.9721.4333.2316.276.115.215.044.72
ROCE (%)10.6-0.9621.542539.08217.398.227.987.46
Asset Turnover Ratio0.911.161.491.391.411.491.461.171.090.94
PAT to CFO Conversion(x)4.5N/A1.712.631.350.2312.57.33
Working Capital Days
Receivable Days86.5086.3081.9084.9066.3068.1084.30107.60105.6092
Inventory Days83.1075.5058.1055.4050.805256.6074.2083.50100.70
Payable Days117.20114.40103.70113.8099.4057.1071.30134.40118.70119.80

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Smruthi Organics Ltd FAQs

The current trading price of Smruthi Organics on 13-Aug-2026 16:59 is ₹127.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Aug-2026 the market cap of Smruthi Organics stood at ₹145.3 Cr

The latest P/E ratio of Smruthi Organics as of 12-Aug-2026 is 19.47.

The latest P/B ratio of Smruthi Organics as of 12-Aug-2026 is 1.90.

The 52-week high of Smruthi Organics is ₹164.0 and the 52-week low is ₹95.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Smruthi Organics is ₹112 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Smruthi Organics Ltd is a average quality company.

The key valuation ratios of Smruthi Organics Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Smruthi Organics Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Smruthi Organics Ltd

Smruthi Organics Ltd is a mid-size, public limited, API manufacturing company from Solapur, India. Smruthi Organics Ltd was established in1989 by qualified technocrats and has very good experience and reputation in the pharmaceutical industry for the supply of quality products. 

Their core competency is multi-step organic synthesis and large scale manufacturing of organic molecules. Their focus has always been API for the regulated markets. They have been part of successful contract manufacturing and custom synthesis agreements with leading European, American and Japanese customers. They are currently expanding our R&D to become a one-stop solution provider from concept to execution for all API including, but not restricted to, the following: 
  • Process Development
  • Process Optimization
  • Process Validation
  • Analytical Methods Validation
  • Regulatory Support and DMF Registrations
  • Commercial Manufacturing

Their constant endeavor to improve operations and systems has contributed to our growth. they encourage operational transparency with customers, which complements to confidence building for stronger relationships. Customer satisfaction is their highest priority and they constantly strive on optimizing delivery times of all their services.

Smruthi Organics Ltd facility is USFDA approved and European GMP certified for Carbidopa, Metformin HCL and Norfloxacin. It has successfully filed 4 European and US drug master files for different products.

Smruthi can manage a potential molecule's entire development life cycle up to commercialization through rigorous planning and proper execution. Smruthi can independently or in conjunction with the customer develop optimized synthesis process, perform scale-up and process validations, compile DMF and provide the customer with regulatory support for finished formulation dossier registration. The engagement can be either on an FTE or deliverables basis. We respect absolute confidentiality in such sensitive relationships enhancing smooth exchange of information.

Product range of the company includes:

API   
  • Amlodipine Base
  • Amlodipine Besilate
  • Carbidopa
  • Carvedilol
  • Chlorhexidine Base
  • Chlorhexidine Salts
  • Ciprofloxacin HCI
  • Clofibrate
  • Diloxanide Furoate
  • Enrofloxacin
  • Fenofibrate
  • Fluconazole
  • Iopomidol
  • Metformin HCI
  • Norfloxacin
  • Pefloxacin
  • S-Amlodipine
  • Nabumetone
Drug Intermediate
  • Nabumetone
  • Iopamidol / Iohexol
  • Montelukast
  • Iopamidol
  • Co-enzyme Q10
  • Atorvastatin
  • Carvedilol
  • Ciprofloxacin/Enrofloxacin
  • Perindopril
Achievements/ recognition:
  • The company’s quality systems and facilities are approved by USFDA, EU – GMP and ISO 9001:2000. 

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