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Madhusudan Inds Overview

Madhusudan Industries Ltd. is an Indian public limited company incorporated on 27 August 1945 and headquartered in Gandhinagar, Gujarat. It is listed on the BSE under the ticker 515059 and has a long corporate history spanning several decades. Historically, the company was involved in the manufacturing of edible oils, vegetable products and related processed goods and even expanded into sanitaryware and other segments. Over time, operational focus shifted and today the company primarily engages in leasing and renting of its property assets,...Read More

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Madhusudan Inds Key Financials

Market Cap ₹19 Cr.

Stock P/E -49.1

P/B 0.7

Current Price ₹35.8

Book Value ₹ 53.2

Face Value 5

52W High ₹51.9

Dividend Yield 0%

52W Low ₹ 25.2

Madhusudan Inds Share Price

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Volume
Price

Madhusudan Inds Quarterly Price

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Madhusudan Inds Peer Comparison

Madhusudan Inds Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 0 0 0 0 0 0 0 0 0 0
Other Income 2 -1 -1 4 -0 -1 -1 3 -1 -1
Total Income 2 -0 -1 4 -0 -1 -1 3 -1 -1
Total Expenditure 0 0 0 0 0 0 2 0 0 0
Operating Profit 2 -1 -1 4 -0 -1 -3 3 -1 -1
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 -1 -1 4 -0 -1 -3 3 -1 -1
Provision for Tax 1 -0 -0 1 -0 -0 -1 1 -0 -0
Profit After Tax 2 -0 -1 3 -0 -1 -3 2 -1 -1
Adjustments 0 0 0 0 0 -0 0 -0 0 0
Profit After Adjustments 2 -0 -1 3 -0 -1 -3 2 -1 -1
Adjusted Earnings Per Share 3.2 -0.8 -2.1 5.7 -0.3 -1.3 -4.8 4.2 -1.3 -1.5

Madhusudan Inds Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1 1 1 1 1 1 1 1 1 1 1 0
Other Income 1 1 3 2 1 1 5 3 3 3 1 0
Total Income 1 2 4 3 2 2 6 4 4 4 3 0
Total Expenditure 1 1 1 1 2 3 1 1 1 1 3 2
Operating Profit 0 1 3 2 0 -1 5 3 4 3 -0 -2
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 3 1 0 -1 5 3 3 3 -1 -2
Provision for Tax 0 0 1 0 0 -0 1 1 1 1 -0 0
Profit After Tax 0 0 2 1 0 -1 4 2 2 2 -0 -3
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 2 1 0 -1 4 2 2 2 -0 -3
Adjusted Earnings Per Share 0.3 0.5 3.9 2 0.3 -1.8 6.7 4.6 4.5 4.3 -0.7 -3.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 0% 0% 0%
Operating Profit CAGR -100% -100% 0% 0%
PAT CAGR -100% -100% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -17% 20% 23% 19%
ROE Average -1% 6% 9% 6%
ROCE Average -2% 8% 13% 8%

Madhusudan Inds Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 13 13 17 18 19 18 21 24 26 28 28
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 1 1 1 1 1 1 2 2 3 4 3
Total Current Liabilities 0 0 1 1 1 1 1 0 1 0 1
Total Liabilities 14 15 19 21 21 19 24 26 30 32 31
Fixed Assets 3 3 3 2 2 2 2 2 2 2 2
Other Non-Current Assets 3 3 7 7 6 6 9 10 13 15 13
Total Current Assets 8 8 10 11 12 11 13 14 15 15 17
Total Assets 14 15 19 21 21 19 24 26 30 32 31

Madhusudan Inds Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 3 3 1 0 1 0 0 1 0 0 1
Cash Flow from Operating Activities 2 -0 -1 0 -0 -1 -0 -1 -1 -0 -1
Cash Flow from Investing Activities -2 0 -0 0 0 1 1 1 1 1 1
Cash Flow from Financing Activities -0 -0 0 0 0 0 0 0 0 0 0
Net Cash Inflow / Outflow 0 0 -1 1 -0 -0 0 -0 -0 1 -0
Closing Cash & Cash Equivalent 3 3 0 1 0 0 1 0 0 1 1

Madhusudan Inds Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.33 0.49 3.92 1.98 0.32 -1.82 6.67 4.63 4.48 4.32 -0.73
CEPS(Rs) 0.74 0.97 4.27 2.25 0.56 -1.61 6.85 4.84 4.72 4.51 -0.55
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 24.29 24.78 32.18 34.14 34.42 32.58 39.26 43.87 48.34 52.61 51.83
Core EBITDA Margin(%) -20.71 -2.34 -20.97 -1.56 -34.35 -187.78 -5 22.67 17.74 10.63 -138.45
EBIT Margin(%) 19.53 39.91 261.62 127.38 21.84 -132.23 524.04 304.07 292.55 251.6 -41.29
Pre Tax Margin(%) 19.46 39.84 261.62 127.38 21.84 -132.23 524.04 304.07 292.55 251.6 -41.29
PAT Margin (%) 19.46 28.08 198.56 97.25 15.09 -94.83 392.41 231.16 208.17 190.83 -30.81
Cash Profit Margin (%) 44.18 56.36 216.01 110.31 26.26 -84.36 403.38 241.61 219.36 199.45 -23.47
ROA(%) 1.22 1.82 12.52 5.37 0.84 -4.86 16.49 9.86 8.6 7.51 -1.23
ROE(%) 1.32 1.98 13.77 5.98 0.94 -5.42 18.56 11.14 9.71 8.55 -1.39
ROCE(%) 1.33 2.81 18.14 7.83 1.36 -7.55 24.78 14.65 13.65 11.27 -1.87
Receivable days 632.71 497.75 267.66 76.61 0.05 0 0 0 0 0 0
Inventory Days 0 0 0 0 0 0 0 0 0 0 0
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 16.32 14.43 3.86 7.87 47.23 0 1.71 5.89 4.88 14.88 0
Price/Book(x) 0.22 0.28 0.47 0.46 0.44 0.27 0.29 0.62 0.45 1.22 0.75
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.09 0.84 4.5 4.16 3.51 0.24 1.34 8.31 4.16 21.06 8.25
EV/Core EBITDA(x) 0.2 1.24 1.61 2.96 10.65 -0.2 0.25 2.64 1.37 8.09 -24.29
Net Sales Growth(%) 5.16 2.55 14.29 3.19 4.63 -10.25 -11.23 17.9 7.4 5.11 4.55
EBIT Growth(%) -69.69 109.51 649.23 -49.76 -82.06 -643.44 451.8 -31.59 3.34 -9.6 -117.16
PAT Growth(%) -69.67 47.98 708.21 -49.46 -83.76 -663.92 467.31 -30.55 -3.28 -3.64 -116.88
EPS Growth(%) -69.68 48.02 708.16 -49.46 -83.76 -663.94 467.31 -30.55 -3.28 -3.64 -116.88
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 22.73 23.71 13.41 13.33 12.32 10.16 11.22 34.21 25.18 35.73 32.18
Quick Ratio(x) 22.73 23.71 13.41 13.33 12.32 10.16 11.22 34.21 25.18 35.73 32.18
Interest Cover(x) 255.28 534.86 0 0 0 0 0 0 0 0 0
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Madhusudan Inds Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 56.08 56.08 56.08 56.08 56.08 56.08 56.08 56.08 56.08 56.08
FII 0 0 0 0 0 0 0 0 0 0
DII 0.19 0.19 0.19 0.19 0.19 0.19 0.19 0.19 0.19 0.19
Public 43.73 43.73 43.73 43.73 43.73 43.73 43.73 43.73 43.73 43.73
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Madhusudan Inds News

Madhusudan Inds Pros & Cons

Pros

  • Stock is trading at 0.7 times its book value
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 6% over the last 3 years.
  • Earnings include an other income of Rs. 1 Cr.
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