Madhusudan Industries Ltd

₹ 39.7 -0.50%

27 May - close price

About

Incorporated in 1945, Madhusudan
Industries is in the business of renting
of properties^[1]

Key Points

Business Overview:^[1]^[2]^[3]
MIL initially manufactured edible oil products and later diversified into horticulture under the National Horticulture Board. Currently, it is not engaged in manufacturing but focuses on renting properties, including godowns and office spaces in Gujarat. It has infrastructure and land available for future business activities.

Website BSE

Market Cap ₹ 21.4 Cr.
Current Price ₹ 39.7
High / Low ₹ 51.8 / 25.2
Stock P/E
Book Value ₹ 51.0
Dividend Yield 0.00 %
ROCE -2.03 %
ROE -1.52 %
Face Value ₹ 5.00

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Pros

Company is almost debt free.
Stock is trading at 0.78 times its book value

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of 7.89% over past five years.
Company has a low return on equity of 3.25% over last 3 years.
Working capital days have increased from 622 days to 1,608 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

Fast Moving Consumer Goods Fast Moving Consumer Goods Agricultural Food & other Products Edible Oil

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	0.29	0.30	0.31	0.31	0.31	0.31	0.32	0.32	0.32	0.32	0.34	0.34	0.34
	0.20	0.22	0.18	0.40	0.30	0.21	0.22	0.25	2.36	0.23	0.22	0.32	2.12
Operating Profit	0.09	0.08	0.13	-0.09	0.01	0.10	0.10	0.07	-2.04	0.09	0.12	0.02	-1.78
OPM %	31.03%	26.67%	41.94%	-29.03%	3.23%	32.26%	31.25%	21.88%	-637.50%	28.12%	35.29%	5.88%	-523.53%
	2.25	2.89	2.15	-0.53	-1.48	4.03	-0.32	-1.00	-1.38	2.96	-1.02	-1.08	0.22
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.03	0.03	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Profit before tax	2.31	2.94	2.25	-0.65	-1.50	4.11	-0.24	-0.95	-3.44	3.03	-0.92	-1.08	-1.58
Tax %	31.17%	25.17%	24.89%	-30.77%	-24.67%	25.06%	-20.83%	-26.32%	-25.29%	25.08%	-26.09%	-25.00%	-25.32%
	1.59	2.20	1.70	-0.45	-1.13	3.07	-0.19	-0.70	-2.57	2.27	-0.68	-0.82	-1.18
EPS in Rs	2.96	4.09	3.16	-0.84	-2.10	5.71	-0.35	-1.30	-4.78	4.22	-1.27	-1.53	-2.20
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0.91	0.93	1.06	1.10	1.15	0.75	0.91	1.08	1.16	1.22	1.27	1.33
	1.10	0.96	1.27	1.12	1.30	2.68	0.95	0.80	0.80	1.09	0.93	2.88
Operating Profit	-0.19	-0.03	-0.21	-0.02	-0.15	-1.93	-0.04	0.28	0.36	0.13	0.34	-1.55
OPM %	-20.88%	-3.23%	-19.81%	-1.82%	-13.04%	-257.33%	-4.40%	25.93%	31.03%	10.66%	26.77%	-116.54%
	0.59	0.66	3.17	1.56	0.53	0.68	4.93	3.11	3.15	3.03	-0.77	1.08
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.22	0.26	0.19	0.14	0.13	0.11	0.10	0.11	0.13	0.10	0.09	0.09
Profit before tax	0.18	0.37	2.77	1.40	0.25	-1.36	4.79	3.28	3.38	3.06	-0.52	-0.56
Tax %	0.00%	29.73%	24.19%	23.57%	32.00%	-28.68%	25.05%	23.78%	28.99%	24.18%	-25.00%	-25.00%
	0.18	0.26	2.11	1.07	0.17	-0.98	3.58	2.49	2.41	2.32	-0.39	-0.42
EPS in Rs	0.33	0.48	3.93	1.99	0.32	-1.82	6.66	4.63	4.48	4.32	-0.73	-0.78
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	4%
5 Years:	8%
3 Years:	5%
TTM:	5%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-127%

Stock Price CAGR
10 Years:	20%
5 Years:	24%
3 Years:	18%
1 Year:	-4%

Return on Equity
10 Years:	5%
5 Years:	6%
3 Years:	3%
Last Year:	-2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	2.69	2.69	2.69	2.69	2.69	2.69	2.69	2.69	2.69	2.69	2.69	2.69
Reserves	10.37	10.63	14.61	15.66	15.81	14.83	18.42	20.89	23.29	25.59	25.17	24.72
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	1.06	1.18	1.30	1.54	1.48	0.99	2.04	2.70	3.24	3.74	3.34	2.97
Total Liabilities	14.12	14.50	18.60	19.89	19.98	18.51	23.15	26.28	29.22	32.02	31.20	30.38
	3.11	2.84	2.50	2.36	2.23	2.12	2.02	2.02	1.90	1.80	1.71	1.63
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	4.19	4.29	9.63	10.89	10.63	8.78	12.91	14.99	16.80	18.99	17.32	15.54
	6.82	7.37	6.47	6.64	7.12	7.61	8.22	9.27	10.52	11.23	12.17	13.21
Total Assets	14.12	14.50	18.60	19.89	19.98	18.51	23.15	26.28	29.22	32.02	31.20	30.38

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1.71	-0.27	-0.59	0.24	-0.38	-0.65	-0.44	-1.09	-1.36	-0.31	-0.67	-0.63
	-1.67	0.45	-0.17	0.28	0.25	0.57	0.56	0.89	1.33	0.83	0.56	0.64
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash Flow	0.05	0.18	-0.76	0.52	-0.12	-0.08	0.12	-0.20	-0.03	0.51	-0.11	0.01
Free Cash Flow	-0.66	-0.26	-0.44	0.24	-0.38	-0.65	-0.44	-1.18	-1.37	-0.31	-0.67	-0.63
CFO/OP	-905%	733%	390%	-1,950%	113%	26%	1,000%	-321%	-289%	-92%	-129%	21%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	577.58	431.72	158.40	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Days
Days Payable
Cash Conversion Cycle	577.58	431.72	158.40	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Working Capital Days	946.59	1,047.90	864.29	743.27	761.74	1,241.00	1,123.08	963.19	956.55	200.45	57.48	1,608.20
ROCE %	1.27%	2.35%	17.77%	7.41%	0.98%	-8.27%	1.97%	14.68%	14.29%	7.48%	4.10%	-2.03%

Insights

In beta

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Number of Permanent Employees
Number

x	x	x	x	x	x	x
xx,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	xx,xxx.xx	xx,xxx.xx

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Revenue from Renting Activity
INR (in thousands)

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	56.08%	56.08%	56.08%	56.08%	56.08%	56.08%	56.08%	56.08%	56.08%	56.08%	56.08%	56.08%
	1.26%	0.19%	0.19%	0.19%	0.19%	0.19%	0.19%	0.19%	0.18%	0.18%	0.18%	0.18%
	42.67%	43.72%	43.72%	43.73%	43.74%	43.73%	43.73%	43.73%	43.74%	43.73%	43.73%	43.74%
No. of Shareholders	5,645	5,803	6,298	6,559	6,508	6,485	6,461	6,491	6,461	6,442	6,391	6,337

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	57.79%	58.76%	59.29%	59.29%	51.10%	56.08%	56.08%	56.08%	56.08%	56.08%
	5.05%	5.05%	5.05%	5.05%	5.05%	1.39%	1.27%	0.19%	0.19%	0.18%
	37.16%	36.19%	35.66%	35.66%	43.86%	42.53%	42.66%	43.73%	43.73%	43.74%
No. of Shareholders	5,296	5,216	5,097	5,049	5,009	5,399	5,542	6,559	6,491	6,337

* 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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Madhusudan Industries Ltd

Madhusudan Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports