Madhusudan Masala Ltd
Incorporated in 1982, Madhusudan Masala Ltd manufactures and trades Spices and other related items[1]
- Market Cap ₹ 224 Cr.
- Current Price ₹ 155
- High / Low ₹ 190 / 109
- Stock P/E 12.4
- 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.
Peer comparison
Fast Moving Consumer Goods Fast Moving Consumer Goods Food Products Other Food Products
Part of Nifty SME Emerge
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: | -6% |
| Return on Equity | |
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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 |
| Free Cash Flow | -38 |
| CFO/OP | -143% |
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 | |
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| 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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Extracted by Screener AI
Documents
Announcements
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
9 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.
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Trading Window
30 March 2026 - Trading window closed from April 1, 2026 until 48 hours after quarter/year results declaration.
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Allotment of Securities
27 March 2026 - 770,000 shares allotted on March 27, 2026; ₹10,45,27,500 received; issue price ₹181.
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Outcome of Board Meeting
27 March 2026 - On Mar 27, 2026 allotment of 770,000 shares at Rs.181; Rs.10,45,27,500 received.
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Analysts/Institutional Investor Meet/Con. Call Updates
24 March 2026 - Investor/analyst meeting at Kaptify Korporate Konnect, Delhi on 28 March 2026 (group, in-person).
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.