What does Sree Maruthi Marine Industries Limited do?

Sree Maruthi Marine Industries Limited is engaged in the production of salt and marine by-products, with active research into recovering useful compounds from bitterns (the liquid remaining after salt crystallization). The company also operates in aquaculture, specifically shrimp culture, making it a diversified marine and coastal agro-industrial entity based in Kancheepuram, Tamil Nadu.

When was Sree Maruthi Marine Industries incorporated?

The company was incorporated in 1973 and is registered under CIN L24290TN1973PLC006441 as a public limited company in Tamil Nadu.

What is the current share price of Sree Maruthi Marine Industries?

The unlisted share price of Sree Maruthi Marine Industries Limited is approximately ₹1.05 per share, reflecting its status as a micro-cap unlisted public company with limited trading activity.

How do I buy Sree Maruthi Marine Industries unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Sree Maruthi Marine Industries?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Sree Maruthi Marine Industries shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Sree Maruthi Marine Industries Unlisted Share Price | Buy Sree Maruthi Marine Industries Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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Sree Maruthi Marine Industries Unlisted Share Price | Buy Sree Maruthi Marine Industries Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Sree Maruthi Marine Industries Limited (Bloomberg: SMMIL:IN, CIN: L24290TN1973PLC006441) is a listed Tamil Nadu company incorporated in 1973 that produces salt via solar evaporation of seawater and subsoil brine at Kelambakkam, Kancheepuram. Its entire output is consumed captively by TGV Group's caustic soda operations — making it an integrated, low-risk feedstock entity rather than a commercial market seller. FY2023 revenue of ₹3.14 Cr reflects its small, captive footprint. With paid-up capital of just ₹78.03 lakh, it is one of the smallest listed companies in India — essentially a listed captive subsidiary of the TGV Group chemicals complex.

Pros

Captive integrated model — entire salt output supplied to TGV Group's caustic soda plant, eliminating market risk
Listed company (Bloomberg: SMMIL:IN) with 50+ years of operating history since 1973
Solar evaporation salt production — zero-energy input manufacturing (sun-powered)
Kelambakkam, Kancheepuram, TN location — coastal Tamil Nadu with access to seawater and subsoil brine
Net worth ₹2.39 Cr vs revenue ₹3.14 Cr — positive net worth maintained

Cons

Revenue only ₹3.14 Cr FY2023 — near-captive, very small revenue despite listed status
Single customer (TGV Group caustic soda plant) — 100% revenue concentration risk
Authorized ₹2 Cr, paid-up ₹78.03 lakh — one of the smallest listed companies in India by paid-up capital
Salt production is weather-dependent — monsoon seasons affect evaporation yields
No independent market growth — growth tied entirely to TGV Group's caustic soda expansion

Business Segments

Solar salt manufacturing — evaporation of seawater and subsoil brine using solar energy

Entire output consumed captively by TGV Group's caustic soda manufacturing operations

Plant at No. 1/220 Kamaraj Street, Kelambakkam, Kancheepuram District, Tamil Nadu 603103

Revenue Model

The company generates revenue primarily through sale of salt and related marine by-products. Aquaculture through shrimp culture provides an additional income stream. The salt business is a commodity model dependent on volume and seasonal production cycles.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds6

Growth Plans

Successful commercialization of bittern by-product recovery could add a higher-margin revenue stream

Growing demand for farmed shrimp in domestic and export markets could benefit the aquaculture segment

Industry Tailwinds

Successful commercialization of bittern by-product recovery could add a higher-margin revenue stream

Growing demand for farmed shrimp in domestic and export markets could benefit the aquaculture segment

Recent Developments

FY2023: Revenue ₹3.14 Cr, net worth ₹2.39 Cr — steady captive-model operations

Annual Report 2021-22 published on company website sreemaruthimarine.com

Comparable Companies

CompanyTypeTickerMkt Cap

Tata Chemicals LimitedListedTATACHEM25000 Cr

Gujarat Heavy Chemicals LimitedListedGHCL4000 Cr

Tata Chemicals LimitedListed

TATACHEM · 25000 Cr

Gujarat Heavy Chemicals LimitedListed

GHCL · 4000 Cr

Frequently Asked Questions

About Sree Maruthi Marine Industries

Sree Maruthi Marine Industries Limited is a Tamil Nadu-based salt manufacturing company incorporated on December 26, 1973, with CIN L24290TN1973PLC006441. The company is registered at Kelambakkam, Kancheepuram district, and has been producing salt through solar evaporation technology for over five decades. The company is associated with the TGV Group and operates a salt production facility on the Tamil Nadu coast. Its manufacturing process involves solar evaporation of sea water — a traditional and sustainable method of salt production that uses natural sunlight to evaporate water from shallow salt pans, leaving behind salt crystals. The company also processes sub-soil brine for salt production. Salt manufacturing through solar evaporation is a capital-light but land-intensive business, requiring extensive coastal salt pan areas. Tamil Nadu and Gujarat are India's largest salt-producing states, accounting for the majority of the country's 30+ million tonne annual production. Sree Maruthi Marine's salt is likely sold to industrial buyers (chemical manufacturers, water treatment companies) and potentially for food-grade applications. The company's last AGM was held on December 19, 2023, indicating active corporate operations. As a TGV Group company, Sree Maruthi Marine benefits from group-level management support and potentially shared infrastructure with other TGV entities. The company's 50+ year history since 1973 demonstrates resilience in the commodity salt market.

Key Milestones

1973 — Incorporated as Sree Maruthi Marine Industries Limited, ROC Chennai, Tamil Nadu

Common questions about unlisted shares

How do I buy Sree Maruthi Marine Industries unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

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