Madhusudan Industries Ltd

Madhusudan Inds. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Madhusudan Industries Ltd

₹ 71.6 5.12%
03 May - close price
madhusudan-india.com BSE: 515059
About

Madhusudan Industries Limited (MIL) was incorporated on 27th August 1945 under the name ''Madhusudan Vegetable Products Company Limited''.

Presently, the company is engaged in the business of Leasing properties and providing ancillary services along with the horticulture business.

Key Points

**History of the Company ** [1]
The company used to manufacture Edible oils and had 3 Edible Oil units. During the year 1981, the Management decided to diversify its activities and set up a Ceramic Sanitaryware unit at Kadi, Gujarat. The unit was named Madhusudan Ceramics a division of Madhusudan Industries Ltd. The products of the Company are marketed under the brand name of CERA. In the year 2001, the Ceramic Division of the Company was demerged to a separate group company and named as Madhusudan Oils and Fats Ltd. Later the name of the Company was changed and it is now known as Cera Sanitaryware Ltd.

The Company also exited from the manufacturing of edible oil products and diversified into Horticulture under the patronage of National Horticulture Board. The production of flowers was commenced from December, 2008. The Company is now engaged in horticultural activities and also rented the godowns and premises.

Website BSE
  • Market Cap ₹ 38.6 Cr.
  • Current Price ₹ 71.6
  • High / Low ₹ 94.9 / 20.4
  • Stock P/E 52.1
  • Book Value ₹ 23.5
  • Dividend Yield 0.00 %
  • ROCE 5.42 %
  • ROE 4.97 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 3.05 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -37.3% over past five years.
  • Company has a low return on equity of 4.63% over last 3 years.
  • Company has high debtors of 739 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Jun 2010 Sep 2010 Dec 2010 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013
0.22 0.27 0.23 0.39 0.25 0.27 0.28 0.27 0.23 0.24 0.23 0.26 0.24
0.31 0.28 0.26 0.39 0.16 0.20 0.17 0.16 0.11 0.13 0.15 0.18 0.15
Operating Profit -0.09 -0.01 -0.03 0.00 0.09 0.07 0.11 0.11 0.12 0.11 0.08 0.08 0.09
OPM % -40.91% -3.70% -13.04% 0.00% 36.00% 25.93% 39.29% 40.74% 52.17% 45.83% 34.78% 30.77% 37.50%
0.39 0.31 0.27 0.32 0.23 0.14 0.35 0.18 0.10 0.09 0.18 0.20 0.09
Interest 0.19 0.15 0.11 0.09 0.06 0.04 0.05 0.04 0.03 0.02 0.01 0.01 0.00
Depreciation 0.05 0.06 0.06 0.05 0.06 0.06 0.05 0.02 0.05 0.03 0.04 0.03 0.03
Profit before tax 0.06 0.09 0.07 0.18 0.20 0.11 0.36 0.23 0.14 0.15 0.21 0.24 0.15
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.76% 0.00% 0.00%
0.06 0.09 0.07 0.18 0.20 0.11 0.34 0.23 0.14 0.15 0.20 0.24 0.15
EPS in Rs 0.11 0.17 0.13 0.33 0.37 0.20 0.63 0.43 0.26 0.28 0.37 0.45 0.28
Raw PDF
Upcoming result date: 9 May 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 TTM
28.39 0.11 8.68 12.23 0.93 1.01 0.99 0.84 0.97
36.25 2.67 9.29 14.06 1.73 1.00 0.90 0.56 0.61
Operating Profit -7.86 -2.56 -0.61 -1.83 -0.80 0.01 0.09 0.28 0.36
OPM % -27.69% -2,327.27% -7.03% -14.96% -86.02% 0.99% 9.09% 33.33% 37.11%
1.15 0.79 1.05 1.12 1.79 1.07 1.19 0.69 0.56
Interest 1.10 0.29 0.26 0.51 0.64 0.40 0.20 0.07 0.04
Depreciation 2.37 0.14 0.04 0.15 0.24 0.23 0.19 0.15 0.13
Profit before tax -10.18 -2.20 0.14 -1.37 0.11 0.45 0.89 0.75 0.75
Tax % 11.30% 108.18% 7.14% -0.73% 0.00% 0.00% 2.25% 1.33%
-9.03 0.18 0.13 -1.38 0.11 0.45 0.87 0.74 0.74
EPS in Rs -16.80 0.33 0.24 -2.57 0.20 0.84 1.62 1.38 1.38
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -37%
3 Years: -3%
TTM: -8%
Compounded Profit Growth
10 Years: %
5 Years: 36%
3 Years: 77%
TTM: -10%
Stock Price CAGR
10 Years: 25%
5 Years: 35%
3 Years: 80%
1 Year: 241%
Return on Equity
10 Years: %
5 Years: 1%
3 Years: 5%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013
Equity Capital 2.69 2.69 2.69 2.69 2.69 2.69 2.69 2.69
Reserves 8.71 8.89 9.02 7.79 7.90 8.34 9.22 9.95
3.64 2.51 3.10 5.67 5.95 2.41 0.85 0.06
6.55 1.32 2.12 1.34 1.63 1.36 1.37 1.21
Total Liabilities 21.59 15.41 16.93 17.49 18.17 14.80 14.13 13.91
3.07 0.64 0.62 2.08 2.14 1.89 1.67 1.51
CWIP 0.05 0.00 0.01 0.00 0.00 0.00 0.00 0.00
Investments 0.25 0.24 0.10 0.09 0.09 3.49 4.99 4.23
18.22 14.53 16.20 15.32 15.94 9.42 7.47 8.17
Total Assets 21.59 15.41 16.93 17.49 18.17 14.80 14.13 13.91

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013
2.70 -2.32 -1.89 -1.73 -1.21 6.18 2.03 0.13
9.30 2.35 1.11 -0.43 0.90 -2.41 -0.79 1.33
-11.19 -1.13 0.59 2.57 0.05 -3.31 -1.46 -0.79
Net Cash Flow 0.81 -1.10 -0.19 0.41 -0.26 0.46 -0.22 0.67

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013
Debtor Days 80.35 8,594.09 137.51 61.78 777.10 617.97 630.45 738.69
Inventory Days 8.30 0.00 32.14 9.69 45.63
Days Payable 37.87 61.20 20.26 625.71
Cash Conversion Cycle 50.78 8,594.09 108.45 51.21 197.01 617.97 630.45 738.69
Working Capital Days 158.27 41,742.73 573.57 391.86 5,298.39 2,030.99 921.72 1,221.01
ROCE % -8.31% 2.77% -5.56% 4.59% 5.34% 6.11% 5.42%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
51.10% 51.10% 51.10% 56.08% 56.08% 56.08% 56.08% 56.08% 56.08% 56.08% 56.08% 56.08%
3.68% 2.17% 2.17% 1.39% 1.26% 1.27% 1.27% 1.27% 1.26% 0.19% 0.19% 0.19%
45.22% 46.73% 46.73% 42.53% 42.66% 42.66% 42.67% 42.66% 42.67% 43.72% 43.72% 43.73%
No. of Shareholders 5,0795,2545,2905,3995,4735,5095,5895,5425,6455,8036,2986,559

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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