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Madhusudan Masala (MADHUSUDAN)₹269.75+0.28%Other Food Products
In the Sep 2026 quarter (consolidated), Madhusudan Masala reported sales of ₹97.37 Cr, up 116.1% from Sep 2025, and net profit of ₹6.43 Cr, up 83.7% year on year. For the year to Mar 2026, sales were ₹291 Cr and net profit ₹18.04 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 69.55 | 63.23 | 72.93 | 72.89 | 45.05 | 76.12 | 96.85 | 98.09 | 97.37 |
| Expenses | 62.11 | 58.71 | 65.88 | 65.39 | 38.49 | 67.87 | 86.24 | 86.95 | 86.63 |
| Operating Profit | 7.51 | 4.58 | 7.14 | 7.52 | 6.53 | 8.27 | 10.69 | 11.08 | 10.81 |
| OPM % | 10.7% | 7.2% | 9.7% | 10.2% | 14.4% | 10.8% | 11.0% | 11.2% | 11.0% |
| Other Income | 0.00 | 0.52 | 2.77 | 0.19 | 0.51 | 0.18 | 0.38 | 0.30 | 0.18 |
| Interest | 1.70 | 1.35 | 1.56 | 1.56 | 1.73 | 1.48 | 2.07 | 2.04 | 1.83 |
| Depreciation | 0.20 | 0.76 | 0.58 | 0.58 | 0.61 | 0.64 | 0.67 | 0.61 | 0.63 |
| Profit before tax | 5.62 | 3.02 | 7.76 | 5.56 | 4.71 | 6.34 | 8.32 | 8.74 | 8.54 |
| Tax % | 25.8% | 23.7% | 26.9% | 24.9% | 25.8% | 25.8% | 26.4% | 25.5% | 25.0% |
| Exceptional items | 0.00 | 0.00 | 1.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 4.18 | 2.31 | 5.67 | 4.18 | 3.50 | 4.71 | 6.15 | 6.51 | 6.43 |
| EPS (Rs) | 2.91 | 1.61 | 3.92 | 2.89 | 2.42 | 3.26 | 4.05 | 4.04 | 3.99 |
| Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|
| Sales | 230 | 291 | 368 |
| Expenses | 207 | 257 | 328 |
| Operating Profit | 24.01 | 32.97 | 40.85 |
| OPM % | 9.9% | 11.0% | 11.1% |
| Other Income | 3.99 | 0.99 | 1.04 |
| Interest | 5.99 | 6.99 | 7.42 |
| Depreciation | 1.99 | 2.99 | 2.55 |
| Profit before tax | 20.01 | 24.98 | 31.94 |
| Tax % | 25.1% | 26.1% | — |
| Exceptional items | 3.99 | 0.00 | 0.00 |
| Net Profit | 15.02 | 18.04 | 23.80 |
| EPS (Rs) | 10.42 | 12.19 | 15.34 |
| Dividend payout % | 0.0% | 0.0% | — |
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Equity Capital | 13.99 | 14.98 |
| Reserves | 78.78 | 107 |
| Borrowings | 75.01 | 82.92 |
| Other Liabilities | 9.95 | 13.93 |
| Total Liabilities | 179 | 219 |
| Fixed Assets | 14.99 | 15.99 |
| CWIP | 0.00 | 1.99 |
| Investments | 4.01 | 6.02 |
| Other Assets | 161 | 195 |
| Inventories | 97.94 | 114 |
| Trade receivables | 46.86 | 59.88 |
| Cash & equivalents | 0.00 | 1.01 |
| Total Assets | 179 | 219 |
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Cash from operating activity | −39.17 | −1.01 |
| Cash from investing activity | −7.01 | −14.03 |
| Cash from financing activity | 44.86 | 14.96 |
| Net cash flow | −0.99 | 0.00 |
| Capex | 2.84 | 5.62 |
| Free cash flow | −37.87 | −5.98 |
| CFO / OP % | −142.0% | 17.0% |
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Debtor days | 75 | 75 |
| Inventory days | 187 | 173 |
| Days payable | 10 | 9 |
| Cash conversion cycle | 251 | 239 |
| Working capital days | 127 | 125 |
| ROCE % | — | 17.0% |
For the Sep 2026 quarter, Madhusudan Masala reported sales of ₹97.37 Cr, up 116.1% year on year and net profit of ₹6.43 Cr, up 83.7% year on year. The operating margin was 11.0%.
Madhusudan Masala's sales for the year to Mar 2026 were ₹291 Cr; over the last twelve months they were ₹368 Cr.
Net profit for the year to Mar 2026 was ₹18.04 Cr, and ₹23.80 Cr over the last twelve months. Earnings per share over the same trailing period were ₹15.34.
Madhusudan Masala reported borrowings of ₹82.92 Cr at Mar 2026, against cash and equivalents of ₹1.01 Cr.
Cash from operations was −₹1.01 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹5.98 Cr.