MADHUSUDAN

Madhusudan Masala Limited

Listed company · ISIN INE0P6701019 · NSE ST · FV ₹10
Last price
₹235
-0.68%today
What this company does

Madhusudan Masala Limited is a listed company. It booked ₹98 cr of revenue in its latest quarter (Q1 FY27) and kept 6.6% of sales as profit.

58out of 100
Equitytale Health Score
Mixed

Healthier than 58% of listed companies we score, on the 5 of 6 measures we could read for it. Each measure is ranked against the 2,335–2,886 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
52

At close. Not part of the score.

Profitability & returns77

How much profit it earns on the money it employs

Balance sheet38

How much it owes, and whether earnings cover the interest

Cash quality28

Whether reported profit actually arrives as cash

Valuation54

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
A mixed picture
Strengths
✓ Makes a profit
✓ Promoters hold 70%
✓ No promoter shares pledged
✓ Strong 24% return on equity
Watch-outs
! Thin 6.6% net margin

What if I invest in MADHUSUDAN?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹235▼ -0.68%
latest close · 2026-10-01
52-wk low ₹20952 sessions so far52-wk high ₹250
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio13.9Low
LowAverageHigh
P/B ratio3.53High
Below bookModerateHigh
EV / EBITDA10.7Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity24.3%Strong
WeakFairStrong ▸15%
Return on capital32.1%Strong
WeakFairStrong
Net margin6.6%Decent
ThinDecentStrong
EBITDA margin11.0%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.77Moderate
LowModerateHigh ▸1
Interest cover5.3×Strong
RiskyOkayStrong ▸5×
Current ratio2.18Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹379 cr
Book value
₹66
EPS
₹4.22
latest quarter
Net debt
₹82 cr
owes more than its cash
Enterprise value
₹461 cr
EBITDA
₹43 cr
annualised
EBIT
₹43 cr
annualised
Operating margin
11.0%
Return on assets
11.8%
Earnings yield
7.19%
P/S
0.96
Sales / share
₹243.7
Tax rate
25.5%
Face value
₹10
Shares
1.6 cr
Working capital
₹101 cr
Current assets
₹187 cr
Current liabilities
₹86 cr
Delivery %
89.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-10-01.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹88–₹88, midpoint ₹88

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹98 cr
Other Income₹31.2 L
Total Income₹99 cr
Cost of Materials₹49 cr
Purchases of Stock-in-Trade₹35 cr
Inventory Change (±)₹-87.2 L
Employee Benefit Expense₹2 cr
Finance Costs₹2 cr
Other Expenses₹2 cr
Total Expenses₹90 cr
Profit before Tax₹9 cr
Tax Expense₹2 cr
Net Profit₹7 cr
Net margin on total income6.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹83 cr84.3%
Employee benefit expense₹2 cr1.9%
Finance costs₹2 cr2.1%
Other expenses₹3 cr2.9%
Tax expense₹2 cr2.3%
Profit for the period₹7 cr6.6%
Total income ₹99 cradds up to ₹100 ✓
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹220 cr
Shareholder equity
₹107 cr
parent shareholders
Total debt
₹83 cr
Cash
₹77.1 L
Who owns it · 2026-06-19
No pledge
Promoter
70.5%
FII / Foreign
0.7%
DII / Domestic
4.5%
Retail / others
24.4%
Promoter stake up 2.4% over the last 4 quarters.
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Sep 2026
See the official result
1
Adoption of Financial Statements
Backed by 100% of shareholders other than promotersneeded 50%
81,000 votes for, 0 against
2
To appoint a director in place of Mr. Hiren Kotecha (DIN: 02519243), who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
81,000 votes for, 0 against
3
To approve revision in Remuneration payable to Mr. Rishit Dayalaji Kotecha (DIN: 00062148), Chairman cum Managing Director of the Company.
Backed by 100% of shareholders other than promotersneeded 75%
81,000 votes for, 0 against
4
To approve revision in Remuneration payable to Mr. Hiren Kotecha (DIN: 02519243), Whole Time Director of the Company.
Backed by 100% of shareholders other than promotersneeded 75%
81,000 votes for, 0 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 69 named members
owning 70.5% between them · as of 2026-06-19
RISHIT DAYALAJI KOTECHA19.31%
HIREN KOTECHA19.11%
DAYALJI VANRAVAN KOTECHA9.92%
VIJAYKUMAR VANRAVAN KOTECHA9.92%
FORAM RISHIT KOTECHA5.30%
MAYURI HIREN KOTECHA5.30%
Madhusudan Auto-Biz Private Limited1.57%
Anilbhai Parsotam Raichura0.04%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹12 cr raised in Jun 2026 by selling shares to selected investors

As of Jun 2026, the company says it has spent 100% of what it set aside.

prepayment of borrowings of the Company, meeting future funding requirements, working capital, to make requisite investments in subsidiaries/associates/joint ventures; To meet Capital expenditure towards expansion of existing factory, and other general corporate purposes.
100%
₹12 cr of ₹12 cr
₹10 cr raised in Mar 2026 by selling shares to selected investors

As of Mar 2026, the company says it has spent 100% of what it set aside.

prepayment of borrowings of the Company, meeting future funding requirements, working capital, to make requisite investments in subsidiaries/associates/joint ventures; To meet Capital expenditure towards expansion of existing factory, and other general corporate purposes.
100%
₹10 cr of ₹10 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.