₹253.55
▼ -0.3 -0.12%
As of 23 Oct 2026 · delayed
NSE Listed
Madhusudan Masala Limited (MADHUSUDAN)
Volume: 18,000Avg Vol 1W: 40,200Avg Vol 1M: 25,65052W Range:₹108.6₹285
Key Ratios
Checked 21h agoMarket Cap₹409 Cr
Current Price₹253.55
Previous Close₹253.85
High / Low (52w)₹285 / ₹108.6
Volume18,000
Avg Vol (1W)40,200
Avg Vol (1M)25,650
Stock P/E19.64
Book Value₹85.88
Dividend Yield0%
ROE15.08%
ROA9.48%
Revenue (TTM)₹293 Cr
Revenue Growth—
Profit Margin6.57%
Total Debt₹9 Cr
Shares Outstanding2 Cr
Face Value₹10
EPS (TTM)₹12.91
P/B2.95
Debt / Equity0.73
50 DMA₹232.96
200 DMA₹185.35
Day change-0.12%
Price Chart
₹253.55▲ 86.43% · 1Y
2025-10-272026-10-23
20-day avg volume: 26K shares
Pros
- Healthy return on equity of 15.1%.
- Company is almost debt-free.
Quarterly Results
| Metric | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹70 Cr | ₹63 Cr | ₹73 Cr | ₹73 Cr | ₹45 Cr | ₹76 Cr | ₹97 Cr | ₹98 Cr |
| EBITDA | ₹7 Cr | ₹4 Cr | ₹7 Cr | ₹7 Cr | ₹6 Cr | ₹8 Cr | ₹10 Cr | ₹11 Cr |
| Net Profit | ₹4 Cr | ₹2 Cr | ₹6 Cr | ₹4 Cr | ₹3 Cr | ₹5 Cr | ₹6 Cr | ₹7 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2025 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹232 Cr | ₹64 Cr | ₹64 Cr | ₹42 Cr | ₹68 Cr | ₹293 Cr | ₹87 Cr | ₹90 Cr |
| EBITDA | ₹23 Cr | ₹7 Cr | ₹6 Cr | ₹6 Cr | ₹7 Cr | ₹32 Cr | ₹9 Cr | ₹10 Cr |
| Net Profit | ₹15 Cr | ₹4 Cr | ₹4 Cr | ₹3 Cr | ₹4 Cr | ₹19 Cr | ₹5 Cr | ₹6 Cr |
| EPS | 10.93 | — | — | — | — | 12.72 | — | — |
Balance Sheet
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Total Assets | ₹26 Cr | ₹35 Cr | ₹57 Cr | ₹105 Cr | ₹179 Cr | ₹220 Cr |
| Total Liabilities | ₹15 Cr | ₹35 Cr | ₹47 Cr | ₹59 Cr | ₹86 Cr | ₹97 Cr |
| Equity | ₹11 Cr | ₹0 Cr | ₹11 Cr | ₹46 Cr | ₹94 Cr | ₹123 Cr |
| Total Debt | ₹6 Cr | ₹16 Cr | ₹7 Cr | ₹8 Cr | — | — |
Cash Flow
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | ₹2 Cr | ₹-5 Cr | ₹-7 Cr | ₹-25 Cr | ₹-34 Cr | ₹6 Cr |
| Investing | ₹-1 Cr | ₹0 Cr | ₹-6 Cr | ₹-3 Cr | ₹-7 Cr | ₹-14 Cr |
| Financing | ₹-1 Cr | ₹5 Cr | ₹16 Cr | ₹31 Cr | ₹45 Cr | ₹15 Cr |
| Free Cash Flow | ₹2 Cr | ₹-5 Cr | ₹-7 Cr | ₹-25 Cr | ₹-34 Cr | ₹6 Cr |
Shareholding
Promoter 70.47% Institutions 5.16% Public 24.38%
Efficiency & Working Capital
ROCE15.4%
Interest Coverage4.6
Dividend Payout—
Debtor Days75 d
Inventory Days143 d
Payable Days7 d
Cash Conversion Cycle211 d
Working Capital Days219 d
Shareholding Details
As of 2026-06-30
Promoter70.5%
FII0.7%
DII4.5%
Institutions5.2%
Public24.4%
Promoter Pledge0%
No. of Shareholders1,347
Shareholding Pattern
Quarterly — figures in %. Latest 9 quarters.
| Period | Sept 2023 | Oct 2023 | Oct 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Promoters | 73.6% | 73.6% | 73.7% | 73.7% | 66.9% | 68.1% | 68.1% | 69.5% | 70.5% |
| FIIs | 3.7% | 4.8% | 4.8% | 1% | 1.1% | 0% | 0.4% | 0.7% | 0.7% |
| DIIs | 0% | 6.4% | 0.7% | 0% | 0% | 0% | 0% | 4.9% | 4.5% |
| Public | 22.6% | 15% | 20.8% | 25.3% | 32% | 31.9% | 31.5% | 24.8% | 24.4% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 776 | 847 | 847 | 877 | 1,428 | 1,532 | 1,519 | 1,395 | 1,347 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Rishit Dayalaji Kotecha | Shareholding of Promoter and Promoter Group | 19.3% | 31,16,000 |
| Hiren Kotecha | Shareholding of Promoter and Promoter Group | 19.1% | 30,84,000 |
| Vijaykumar Vanravan Kotecha | Shareholding of Promoter and Promoter Group | 9.9% | 16,00,000 |
| Dayalji Vanravan Kotecha | Shareholding of Promoter and Promoter Group | 9.9% | 16,00,000 |
| Foram Rishit Kotecha | Shareholding of Promoter and Promoter Group | 5.3% | 8,55,000 |
| Mayuri Hiren Kotecha | Shareholding of Promoter and Promoter Group | 5.3% | 8,55,000 |
| Compact Structure Fund | Public Shareholding | 3.7% | 5,90,000 |
| Paresh N Bhagat | Public Shareholding | 2.7% | 4,29,000 |
| Madhusudan Auto-biz Private Limited | Shareholding of Promoter and Promoter Group | 1.6% | 2,54,000 |
| Anilbhai Parsotam Raichura | Shareholding of Promoter and Promoter Group | 0% | 6,000 |
| Bakulbhai Vanravan Popat | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Champaben Vrundavan Popat | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Chandrikaben Dayalaji Kotecha | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Chhotalal Parsotam Raichura | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Dharmanshu Gangaram Bhatt | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Dhirajben Vijaykumar Kotecha | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Dipika Kishan Popat | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Dipikaben Dharmanshu Bhatt | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Divyesh Naginbhai Dattani | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Herat Rishit Kotecha | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Jagdishbhai Vanravan Popat | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Jamnaben Gokaldas Davda | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Jamnaben Pramodlal Ghelani | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Jyotsnaben Vrajlal Modi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Kashyap Dharmanshu Bhatt | Shareholding of Promoter and Promoter Group | 0% | 0 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Rishit Dayalaji Kotecha | Chairman & Managing Director | 2025 |
| HIREN KOTECHA | Whole-time Director | 2025 |
| Dayalji Vanravan Kotecha | Non Executive Director | 2025 |
| VIJAYKUMAR VANRAVAN KOTECHA | Non Executive Director | 2025 |
| Foram Rishit Kotecha | Non Executive Director | 2025 |
| CHINTAN ASHOKBHAI MEHTA | Independent Non Exe. Director | 2025 |
| Mayuri Hiren Kotecha | Non Executive Director | 2025 |
| Parth Bipin Sukhparia | Independent Non Exe. Director | 2025 |
| Rashmi Aahuja | Independent Non Exe. Director | 2025 |
| Megha Dilipkumar Madani | Company Sec. & Compli. Officer | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Manufacturing and Trading of Spices | ₹0 Cr | — |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹10 | 20 | 15 | 15 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-07-18 | Board Meetings | — |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2026 | 34 | 0 | 0 | 18 | 29 | 100 |
| 2026 | 25 | 0 | 0 | 17 | 27 | 87 |
| 2026 | 1 | 0 | 0 | 0 | 2 | 4 |
Company Information
Incorporated2021
ChairmanRishit Dayalaji Kotecha
AuditorSarvesh Gohil and Associates
Investor Email[email protected]
📍 F P No 19 Plot # 1 B Hapa Road, Jamnagar, Gujarat, Gujarat, 361001
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