Madhusudan Masala Ltd
Incorporated in 1982, Madhusudan Masala Ltd manufactures and trades Spices and other related items[1]
- Market Cap ₹ 214 Cr.
- Current Price ₹ 148
- High / Low ₹ 190 / 109
- Stock P/E 11.9
- Book Value ₹ 70.0
- Dividend Yield 0.00 %
- ROCE %
- ROE 13.6 %
- Face Value ₹ 10.0
Pros
Cons
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | TTM | |
|---|---|---|
| 231 | 268 | |
| 207 | 238 | |
| Operating Profit | 24 | 29 |
| OPM % | 10% | 11% |
| 4 | 4 | |
| Interest | 6 | 6 |
| Depreciation | 2 | 2 |
| Profit before tax | 20 | 24 |
| Tax % | 25% | |
| 15 | 18 | |
| EPS in Rs | 10.38 | 12.45 |
| Dividend Payout % | 0% |
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| 1 Year: | -4% |
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| Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Sep 2025 | |
|---|---|---|
| Equity Capital | 14 | 14 |
| Reserves | 79 | 87 |
| 75 | 75 | |
| 10 | 11 | |
| Total Liabilities | 179 | 188 |
| 15 | 15 | |
| CWIP | 0 | 0 |
| Investments | 4 | 7 |
| 161 | 166 | |
| Total Assets | 179 | 188 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | |
|---|---|
| -39 | |
| -7 | |
| 45 | |
| Net Cash Flow | -1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | |
|---|---|
| Debtor Days | 75 |
| Inventory Days | 186 |
| Days Payable | 10 |
| Cash Conversion Cycle | 251 |
| Working Capital Days | 128 |
| ROCE % |
Insights
In beta| Mar 2024 | Dec 2025 | |
|---|---|---|
| Capacity Utilization (Jamnagar Unit) % ・Standalone data |
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| Installed Manufacturing Capacity MT |
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| Number of Distributors Number |
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| Number of Packets Sold Million |
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| Number of Retailers Number |
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| Number of Wholesalers Number |
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| Cold Storage Capacity MT ・Standalone data |
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| Market Share in Gujarat % ・Standalone data |
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| Market Share in Saurashtra % ・Standalone data |
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| Number of SKUs Number |
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Documents
Announcements
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General Updates
9 March 2026 - Minor fire at Hapa Jamnagar plant on March 8, 2026; INR 60–70 lakh insured loss; operations resumed March 9.
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Analysts/Institutional Investor Meet/Con. Call Updates
27 February 2026 - Madhusudan Masala to participate in Arihant Capital virtual conference on March 6, 2026, 11:00–12:00 IST.
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Committee Meeting Updates
24 February 2026 - 66,800 ESOPs granted at Rs.10 each on Feb 24, 2026.
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Reply to Clarification- Financial results
10 February 2026 - Company clarifies NSE queries; revised financials/XBRL for Sep 30, 2025 submitted; acknowledgements dated Feb 5, 2026.
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Outcome of Board Meeting
5 February 2026 - Unaudited standalone & consolidated results for quarter and H1 ended Sep 30, 2025; H1 consolidated PAT Rs 765.77 lakh.
Annual reports
Concalls
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Jan 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Aug 2025TranscriptAI SummaryPPT
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Jun 2025Transcript PPT
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Feb 2025TranscriptAI SummaryPPT
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Nov 2024Transcript PPT
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Oct 2024TranscriptAI SummaryPPT
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May 2024Transcript PPT
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Nov 2023Transcript PPT
Business Overview:[1]
MML manufactures and processes ~32+ types of ground spices, blended spices, whole spices and other grocery products like - Tea, rajgira flour, Papad, soya Products, asafoetida (Hing), achar masala (ready-to make pickle), sanchar (black salt powder), sindhalu (rock salt powder), katlu powder (food supplement), kasuri methi (dry fenugreek) etc. It also trades in whole spices and food grains through unbranded sales.