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Food Beverages & Tobacco | Small Cap
Health Score : 7.24Madhusudan Masala Ltd, an FMCG company, showcases a mixed financial performance. The company demonstrates strong solvency and profitability, suggesting a solid foundation in managing its assets and generating profits. Growth metrics are also robust, indicating successful expansion in revenue, operating profit, assets, and net income. However, liquidity ratios are poor, signaling potential challenges in meeting short-term obligations. Efficiency ratios present a mixed picture, with some areas performing well and others lagging. Coverage ratios also reveal some concerns, particularly regarding equity dividend coverage. Financial ratios indicate moderate performance in earnings per share metrics but highlight a very low book value per share, alongside no dividend payouts, and significant capital expenditures. Overall, while the company excels in certain areas, improvements in liquidity and selected efficiency metrics are necessary to ensure long-term financial stability.
Health Score : 7.24Madhusudan Masala Ltd, an FMCG company, showcases a mixed financial performance. The company demonstrates strong solvency and profitability, suggesting a solid foundation in managing its assets and generating profits. Growth metrics are also robust, indicating successful expansion in revenue, operating profit, assets, and net income. However, liquidity ratios are poor, signaling potential challenges in meeting short-term obligations. Efficiency ratios present a mixed picture, with some areas performing well and others lagging. Coverage ratios also reveal some concerns, particularly regarding equity dividend coverage. Financial ratios indicate moderate performance in earnings per share metrics but highlight a very low book value per share, alongside no dividend payouts, and significant capital expenditures. Overall, while the company excels in certain areas, improvements in liquidity and selected efficiency metrics are necessary to ensure long-term financial stability.
Overall Valuation Score
Markets Depth NSE
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0
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Sell Orders
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0
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Markets Today NSE
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0.00
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0.00
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Avg Price
0.00
Volume
0
Last Traded Quantity
0
Last Traded Time
N/A
Price Movement Indicator
Today's Low: 0.00
Today's High: 0.00
P/E RATIO (TTM)
24.13
Industry Median
17.72
Small Cap Median
17.72
P/E RATIO
21.09
P/B RATIO
3.18
Industry Median
3.18
Small Cap Median
3.18
P/S RATIO
1.38
Industry Median
1.25
Small Cap Median
1.25
Others
PEG RATIO
0.00
EV/EBITDA RATIO
11.80
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹256.05 as on Jul 7, 2026.
Growth Score : 8.00The company demonstrates strong growth in revenue, operating profit, assets, and net income. However, Earnings per share growth is concern. These trends indicate a positive trajectory, suggesting successful expansion and market penetration. It is important to note that this has been calculated using weighted average method, giving more importance to the current year data.
Revenue Growth RateExcellentOperating Profit Growth RateExcellent
Earnings Per Share (EPS) GrowthPoorAsset Growth RateExcellentNet Income Growth RateExcellent| Growth Ratios | Mar 2026 |
|---|---|
| Revenue Growth Rate | 26.41 |
| Operating Profit Growth Rate | 37.5 |
| Earnings Per Share (EPS) Growth | 16.96 |
| Asset Growth Rate | 22.91 |
| Net Income Growth Rate | 20 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Madhusudan Masala Ltd | 7.24 | 21.09 | Neutral | 33.00 | 10.61 | 18.00 |
| 2 | Srivari Spices & Foods Ltd | 6.84 | 18.75 | Neutral | 30.00 | 18.87 | 16.00 |
| 3 | Waterbase | 4.96 | N/A | N/A | -4.00 | -2.46 | -10.00 |
| 4 | Ajooni Biotech Ltd | 4.92 | 15.00 | Neutral | 6.00 | 0.25 | 4.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
Analysis Driven By 1 Technical Indicators From The 1 Hour Timeframe
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
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Madhusudan Masala Ltd is an Indian company engaged in the manufacturing, processing, and selling of a diverse range of food products, primarily focusing on ground spices, blended spices, and whole spices. The company also offers various flours and other food grains, catering to both domestic and international markets.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Madhusudan Masala Ltd's P/E ratio (TTM) is 24.13, compared to the industry median of 17.72 and large cap median of 17.72.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Madhusudan Masala Ltd's P/B ratio is 3.18, compared to the industry median of 3.18 and large cap median of 3.18.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Madhusudan Masala Ltd's P/S ratio is 1.38, compared to the industry median of 1.25 and large cap median of 1.25.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Madhusudan Masala Ltd's PEG ratio is N/A.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Madhusudan Masala Ltd's EV/EBITDA ratio is 11.80.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Madhusudan Masala Ltd's ROE is 14.75%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Madhusudan Masala Ltd's ROA is 15%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Madhusudan Masala Ltd's ROCE is 17%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Madhusudan Masala Ltd's operating margin is 11.30%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Madhusudan Masala Ltd's net margin is 6.16%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Madhusudan Masala Ltd's current ratio is 2.31.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Madhusudan Masala Ltd's debt-to-equity ratio is 0.10.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Madhusudan Masala Ltd's interest coverage ratio is 4.57.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Madhusudan Masala Ltd's DPS is ₹0.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Madhusudan Masala Ltd's EPS is 16.96.
(Source line: "Ratios as of 25 Oct 2026, based on last traded price of ₹256.05. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 2007 (as partnership firm Madhusudan Masala, converted to public limited company in 2023) (as Madhusudan Agro Products Private Limited)
Headquarters: Jamnagar, Gujarat
Core Offerings: Ground Spices, Blended Spices, Whole Spices, Food Grains, Flours
Stock Listing: NSE (MADHUSUDAN), BSE ({bse})
Promoter: Hiren Vasantrai Mathur and Mukesh Vasantrai Mathur
Established as a partnership firm 'Madhusudan Masala' in 2007, focusing on spice production. The business expanded over the years, leading to its conversion into a Private Limited Company named 'Madhusudan Agro Products Private Limited' in April 2022. In May 2023, it was further converted to 'Madhusudan Masala Limited' and successfully launched its Initial Public Offering (IPO) in September 2023, listing on the NSE Emerge platform.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Spices and Other Food Products | 100% | Operating Profit |
Spices (Ground & Blended): Manufacturing and processing an extensive range of ground spices (e.g., turmeric, chili, coriander powder) and popular blended spices (e.g., garam masala, chai masala) under its 'Madhusudan' and 'Suryaraj' brands.
Whole Spices: Sourcing and trading of ungrounded, raw spices for various culinary applications.
Other Food Products: Includes production and sale of various flours (e.g., wheat flour, gram flour) and other pulses/food grains.
The company operates modern manufacturing facilities in Jamnagar, Gujarat, equipped for cleaning, grinding, mixing, and packaging, ensuring product quality and hygiene.
Mr. Hiren Vasantrai Mathur (Chairman & Managing Director): Over 25 years of extensive experience in the spice and food processing industry, he spearheads the company's strategic vision and overall management. Mr. Mukesh Vasantrai Mathur (Whole-time Director): With over 20 years of experience, he oversees the company's production, quality control, and supply chain operations.
No major subsidiaries reported.
Initial Public Offering (IPO) in September 2023 for listing on NSE Emerge.
The Madhusudan Masala Ltd share price today is ₹256.05 on NSE (MADHUSUDAN), as of 25 Oct 2026.
As of 25 Oct 2026, Madhusudan Masala Ltd share price is ₹256.05, with previous close ₹256.05. Today's range is ₹256.05 to ₹256.05. The 52-week range is ₹N/A to ₹N/A.
As of today, Madhusudan Masala Ltd's market cap is ₹402 crore (Small Cap).
Madhusudan Masala Ltd's current P/E ratio is 24.13, compared to the FOOD BEVERAGES & TOBACCO sector average of 55.
Madhusudan Masala Ltd's current P/B ratio is 3.18.
Madhusudan Masala Ltd's current dividend yield is N/A. Last dividend of ₹0.00 per share was declared on N/A.
Madhusudan Masala Ltd's EPS (TTM) is ₹16.96.
Madhusudan Masala Ltd is an Indian company engaged in the manufacturing, processing, and selling of a diverse range of food products, primarily focusing on ground spices, blended spices, and whole spices. The company also offers various flours and other food grains, catering to both domestic and international markets.
Madhusudan Masala Ltd is promoted by Hiren Vasantrai Mathur and Mukesh Vasantrai Mathur, holding 69.53% as of 25 Oct 2026.
Madhusudan Masala Ltd is listed on NSE (MADHUSUDAN) and BSE ({bse}). Its next quarterly results are expected on August 2024 (Q1 FY25).
Interest Coverage Ratio