Madhusudan Masala
MADHUSUDAN NSE
Madhusudan Masala
Food ProductsNSE: MADHUSUDAN
Key Fundamentals
SMEFood ProductsMarket Cap
₹379 Cr
Volatility
Moderate
P/E Ratio
19.8
EBITDA
₹33.01 Cr
Return on Equity
16.04%
Debt to Equity
0.58
Book Value
₹86.06
52W High
₹260
52W Low
₹108.6
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Company is expected to give good quarter
- Company has delivered good profit growth of 105% CAGR over last 5 years
- Promoter holding has increased by 2.38% over last quarter.
Weaknesses
1- Though the company is reporting repeated profits, it is not paying out dividend
Growth Rate
Revenue Growth
25.57% lower than
3Y
Net Income Growth
23.4% lower than
3Y
Cash Flow Change
-70.67% higher than
3Y
ROE
—
ROCE
—
EBITDA Margin (Avg.)
2.18%
Quarterly Results
| Particulars | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 29.76 | 65.06 | 58.34 | 63.59 | 64.48 | 41.58 | 68.42 | 87.06 | 89.54 |
| Expenses | 25.84 | 58.05 | 54.2 | 56.79 | 57.83 | 35.79 | 61.24 | 77.84 | 79.75 |
| Operating Profit | 3.92 | 7.01 | 4.14 | 6.8 | 6.65 | 5.79 | 7.18 | 9.22 | 9.79 |
| OPM % | 13.17% | 10.77% | 7.1% | 10.69% | 10.31% | 13.92% | 10.49% | 10.59% | 10.93% |
| Other Income | 0.03 | 0.01 | 0.53 | 0.58 | 0.19 | 0.51 | 0.19 | 0.39 | 0.31 |
| Interest | 1.26 | 1.69 | 1.29 | 1.47 | 1.4 | 1.64 | 1.31 | 1.89 | 1.75 |
| Depreciation | 0.49 | 0.21 | 0.64 | 0.49 | 0.5 | 0.53 | 0.57 | 0.59 | 0.55 |
| PBT | 2.2 | 5.12 | 2.74 | 5.42 | 4.94 | 4.13 | 5.49 | 7.13 | 7.8 |
| Tax % | 21.82% | 23.24% | 23.36% | 23.62% | 24.7% | 24.94% | 24.95% | 26.65% | 25.51% |
| Net Profit | 1.73 | 3.93 | 2.09 | 4.13 | 3.72 | 3.1 | 4.12 | 5.23 | 5.81 |
| EPS in Rs | 1.34 | 2.73 | 1.45 | 2.85 | 2.57 | 2.14 | 2.85 | 3.43 | 3.6 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 69 | 65 | 127 | 162 | 216 | 262 | 287 |
| Expenses | 66 | 63 | 116 | 145 | 194 | 233 | 255 |
| Operating Profit | 3 | 2 | 11 | 17 | 22 | 29 | 32 |
| OPM % | 4.2% | 3.3% | 9% | 11% | 10% | 11% | 11% |
| Other Income | 0 | 1 | 0 | 0 | 1 | 1 | 1 |
| Interest | 2 | 2 | 3 | 4 | 6 | 6 | 7 |
| Depreciation | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| PBT | 1 | 1 | 8 | 12 | 15 | 22 | 25 |
| Tax % | 27% | 16% | 26% | 26% | 24% | 26% | — |
| Net Profit | 0 | 1 | 6 | 9 | 12 | 16 | 18 |
| EPS in Rs | — | 810 | 11.5 | 7.13 | 8.06 | 10.6 | 12.02 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 0 | 0.01 | 5 | 13 | 14 | 15 |
| Reserves | 11 | 0 | 6 | 33 | 77 | 103 |
| Borrowings | 10 | 28 | 43 | 52 | 65 | 69 |
| Other Liabilities | 5 | 7 | 4 | 7 | 7 | 12 |
| Total Liabilities | 26 | 35 | 57 | 105 | 164 | 199 |
| Fixed Assets | 5 | 4 | 4 | 10 | 13 | 14 |
| CWIP | 0 | 0 | 6 | 2 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 8 | 10 |
| Other Assets | 21 | 31 | 48 | 93 | 143 | 176 |
| Total Assets | 26 | 35 | 57 | 105 | 164 | 199 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | 2 | -5 | -9 | -29 | -30 | -3 |
| Investing | -1 | 0 | -6 | -3 | -10 | -5 |
| Financing | -1 | 5 | 16 | 31 | 41 | 8 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 1 | -5 | -15 | -32 | -33 | -6 |
| CFO/OP | 68 | -221 | -64 | -146 | -119 | 7 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 67 | 70 | 47 | 81 | 61 | 71 |
| Inventory Days | 44 | 97 | 75 | 112 | 174 | 171 |
| Days Payable | 27 | 36 | 4 | 9 | 5 | 9 |
| Cash Conversion Cycle | 83 | 131 | 118 | 184 | 230 | 233 |
| Working Capital Days | 62 | 66 | 22 | 88 | 126 | 135 |
| ROCE % | — | 11% | 27% | 22% | 17% | 16% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Madhusudan Masala insights
58 extracted metrics + investor summaries across FY21–FY27.
Documents
1
Updates
9 Sep - Madhusudan Masala shares 2025-26 annual report link and schedules 5th AGM on September 30, 2026. 9 Sep - Madhusudan Masala shares 2025-26 annual report link and schedules 5th AGM on September 30, 2026.
2
Shareholders meeting
8 Sep - 5th AGM on September 30, 2026 via VC/OAVM; remuneration revised up to Rs 13.20 lakh annually for two directors. 8 Sep - 5th AGM on September 30, 2026 via VC/OAVM; remuneration revised up to Rs 13.20 lakh annually for two directors.
3
Copy of Newspaper Publication
8 Sep - 5th AGM notice published on September 8, 2026; annual report and e-voting details issued for FY2025-26. 8 Sep - 5th AGM notice published on September 8, 2026; annual report and e-voting details issued for FY2025-26.
4
Outcome of Board Meeting
7 Sep - Board approved revised remuneration for CMD and WTD; 5th AGM on September 30, 2026. 7 Sep - Board approved revised remuneration for CMD and WTD; 5th AGM on September 30, 2026.
5
Analysts/Institutional Investor Meet/Con. Call Updates
28 Jul - Transcript of earnings call for audited results for quarter ended June 30, 2026, made available online. 28 Jul - Transcript of earnings call for audited results for quarter ended June 30, 2026, made available online.
Frequently Asked Questions about Madhusudan Masala
What does Madhusudan Masala Ltd do?
Incorporated in 1982, Madhusudan Masala Ltd manufactures and trades Spices and other related items[1]
Where is Madhusudan Masala Ltd (MADHUSUDAN) listed?
Madhusudan Masala Ltd trades as MADHUSUDAN on the NSE.
Which sector does Madhusudan Masala Ltd belong to?
Madhusudan Masala Ltd is classified under the Food Products sector.
What is the market capitalisation of Madhusudan Masala Ltd?
Madhusudan Masala Ltd has a market capitalisation of ₹379.17 Cr, which places it in the Small Cap band.
What is the PE ratio of Madhusudan Masala Ltd?
Madhusudan Masala Ltd trades at a PE ratio of 19.80, against a book value of ₹86.06 per share.
What is the 52-week high and low of Madhusudan Masala Ltd?
Over the last 52 weeks Madhusudan Masala Ltd has traded between ₹108.6 and ₹260.
What is the Return on Equity (ROE) of Madhusudan Masala Ltd?
Madhusudan Masala Ltd reported a return on equity of 16.04%. Its debt-to-equity ratio is 0.58.
Company Information
Incorporated in 1982, Madhusudan Masala Ltd manufactures and trades Spices and other related items[1]
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