Madhusudan Masala
- P/E
- 22.06
Key Fundamentals
SMEFood ProductsFMCGPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 16.20%
- Debt to Equity
- 0.58
- EPS (TTM)
- ₹12.02
- Book Value
- ₹91.56
- Market Cap
- —
- P/E (TTM)
- 22.06
- P/B
- 2.90
- ROE
- 15.40%
- Dividend Yield
- 0.00%
- EBITDA
- ₹34.30 Cr
- 52W High
- ₹285.00
- 52W Low
- ₹108.60
- Day Range
- ₹263.25 – ₹271.00
- Volume
- 28,000
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 95/100
Category scores
- Quality
- 48
- Average
- Returns, margins, earnings quality 22% weight
- Valuation
- 42
- Weak
- Cheap vs sector & own history 24% weight
- Growth
- 57
- Good
- Sales & profit trajectory 9% weight
- Financial Health
- 69
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 99
- Strong
- Trend strength, vol-adjusted 12% weight
- Ownership
- 38
- Weak
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
3- Company is expected to give good quarter
- Company has delivered good profit growth of 105% CAGR over last 5 years
- Promoter holding has increased by 2.38% over last quarter.
Weaknesses
2- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last 3 years: -3.17%
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bullish | 0 | 6 | 13 |
| Oscillators | Bullish | 0 | 6 | 3 |
| Moving Averages | Strong Bullish | 0 | 0 | 10 |
Oscillators
Bullish
Overall
Strong Bullish
Moving Averages
Strong Bullish
Key readings
- RSI (14)
- 59.63
- Neutral
- MACD (12,26,9)
- 7.77
- Bullish
- SMA (50)
- 237.94
- Bullish
- SMA (200)
- 187.10
- Bullish
As of
Growth Rate
From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 5Y | +30.48% |
|---|---|
| 3Y | +27.14% |
| 1Y | +20.83% |
| TTM | +13.97% |
Net profit
| 5Y | Zero base |
|---|---|
| 3Y | +38.67% |
| 1Y | +33.33% |
| TTM | +31.65% |
Operating cash flow
| 5Y | Turned negative |
|---|---|
| 3Y | Outflow narrowed by ₹6 Cr |
| 1Y | Outflow narrowed by ₹27 Cr |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 5Y | +6.76 pp |
|---|---|
| 3Y | +2.45 pp |
| 1Y | +0.92 pp |
| TTM | +1.38 pp |
Revenue by year
| Mar 2021 | ₹69.00 Cr |
|---|---|
| Mar 2022 | ₹65.00 Cr |
| Mar 2023 | ₹127 Cr |
| Mar 2024 | ₹162 Cr |
| Mar 2025 | ₹216 Cr |
| Mar 2026 | ₹261 Cr |
Net profit by year
| Mar 2021 | ₹0.00 Cr |
|---|---|
| Mar 2022 | ₹1.00 Cr |
| Mar 2023 | ₹6.00 Cr |
| Mar 2024 | ₹9.00 Cr |
| Mar 2025 | ₹12.00 Cr |
| Mar 2026 | ₹16.00 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 29.76 | 65.06 | 58.34 | 63.59 | 64.48 | 41.58 | 68.42 | 87.06 | 89.54 |
| Expenses | 25.84 | 58.05 | 54.2 | 56.79 | 57.83 | 35.79 | 61.24 | 77.84 | 79.75 |
| Operating Profit | 3.92 | 7.01 | 4.14 | 6.8 | 6.65 | 5.79 | 7.18 | 9.22 | 9.79 |
| OPM % | 13.17% | 10.77% | 7.1% | 10.69% | 10.31% | 13.92% | 10.49% | 10.59% | 10.93% |
| Other Income | 0.03 | 0.01 | 0.53 | 0.58 | 0.19 | 0.51 | 0.19 | 0.39 | 0.31 |
| Interest | 1.26 | 1.69 | 1.29 | 1.47 | 1.4 | 1.64 | 1.31 | 1.89 | 1.75 |
| Depreciation | 0.49 | 0.21 | 0.64 | 0.49 | 0.5 | 0.53 | 0.57 | 0.59 | 0.55 |
| PBT | 2.2 | 5.12 | 2.74 | 5.42 | 4.94 | 4.13 | 5.49 | 7.13 | 7.8 |
| Tax % | 21.82% | 23.24% | 23.36% | 23.62% | 24.7% | 24.94% | 24.95% | 26.65% | 25.51% |
| Net Profit | 1.73 | 3.93 | 2.09 | 4.13 | 3.72 | 3.1 | 4.12 | 5.23 | 5.81 |
| EPS (₹) | 1.34 | 2.73 | 1.45 | 2.85 | 2.57 | 2.14 | 2.85 | 3.43 | 3.6 |
Profit & Loss
₹ Cr| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 69 | 65 | 127 | 162 | 216 | 261 | 287 |
| Expenses | 66 | 63 | 116 | 145 | 194 | 233 | 255 |
| Operating Profit | 3 | 2 | 11 | 17 | 22 | 29 | 32 |
| OPM % | 4.2% | 3.3% | 9% | 11% | 10% | 11% | 11% |
| Other Income | 0 | 1 | 0 | 0 | 1 | 1 | 1 |
| Interest | 2 | 2 | 3 | 4 | 6 | 6 | 7 |
| Depreciation | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| PBT | 1 | 1 | 8 | 12 | 15 | 22 | 25 |
| Tax % | 27% | 16% | 26% | 26% | 24% | 26% | — |
| Net Profit | 0 | 1 | 6 | 9 | 12 | 16 | 18 |
| EPS (₹) | — | 810 | 11.5 | 7.13 | 8.06 | 10.6 | 12.02 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 0 | 0.01 | 5 | 13 | 14 | 15 |
| Reserves | 11 | 0 | 6 | 33 | 77 | 103 |
| Borrowings | 10 | 28 | 43 | 52 | 65 | 69 |
| Other Liabilities | 5 | 7 | 4 | 7 | 7 | 12 |
| Total Liabilities | 26 | 35 | 57 | 105 | 164 | 199 |
| Fixed Assets | 5 | 4 | 4 | 10 | 13 | 14 |
| CWIP | 0 | 0 | 6 | 2 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 8 | 10 |
| Other Assets | 21 | 31 | 48 | 93 | 143 | 176 |
| Total Assets | 26 | 35 | 57 | 105 | 164 | 199 |
Cash Flow
₹ Cr| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | 2 | −5 | −9 | −29 | −30 | −3 |
| Investing | −1 | 0 | −6 | −3 | −11 | −5 |
| Financing | −1 | 5 | 16 | 31 | 41 | 8 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 1 | −5 | −15 | −32 | −33 | −6 |
| CFO/OP | 68 | −221 | −64 | −146 | −118 | 7 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 67 | 70 | 47 | 81 | 61 | 71 |
| Inventory Days | 44 | 97 | 75 | 112 | 174 | 171 |
| Days Payable | 27 | 36 | 4 | 9 | 5 | 9 |
| Cash Conversion Cycle | 83 | 131 | 118 | 184 | 230 | 234 |
| Working Capital Days | 62 | 66 | 22 | 88 | 126 | 135 |
| ROCE % | — | 11% | 27% | 22% | 17% | 16% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Madhusudan Masala insights
65 extracted metrics across FY21–FY27.
Documents
- Q1 FY27 concall · Jul 2026Transcript PPT Recording
- Concall · May 2026Transcript PPT
- Q3 FY26 concall · Jan 2026Transcript PPT Recording
- Q2 FY26 concall · Nov 2025Transcript PPT Recording
- Q1 FY26 concall · Aug 2025PPT
- 21 Jan 2026
- 5 Aug 2025
- 8 Apr 2025
- 2 Apr 2024
- 1 Oct 2026
- 1 Oct 2026
- 30 Sep 2026
- 30 Sep 2026
Frequently Asked Questions about Madhusudan Masala
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Company Information
Incorporated in 1982, Madhusudan Masala Ltd manufactures and trades Spices and other related items
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