Madhusudan Industries shareholders and shareholding pattern
BSE: 515059Agricultural Food & other ProductsSmall Cap
Madhusudan Industries Ltd. · Face value ₹5 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Jan 1990
Last close ₹34.90up ₹2.10 (6.40%)
Share price at the BSE close on 27 Oct 2026. Previous close ₹32.80.
27 Oct: open ₹34.99, high ₹34.99, low ₹34.90
52-week range of traded prices to 27 Oct 2026
₹25.20Low, 30 Mar 2026₹50.00High, 6 Jul 2026
- Next results date: the board meets on 30 Oct 2026 to consider: quarterly results. Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹19 Cr4,222nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 34.30
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 0.68
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 2.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- −5.9%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.00
- Volume, BSEVolume. Shares traded on the last trading day. Volume in the glossary
- 803
Madhusudan Industries' shareholding pattern for Sep 2026, filed on 16 Oct 2026, with every filing from Dec 2016: who owns its shares by group, its promoters by name and its public holders of 1% or more.
Who owns Madhusudan Industries, filing by filing
Per cent of the company's shares.
Sep 2026 filing
- Promoters56.08%
- Indian institutions0.19%
- Individuals and others43.73%
Shareholding pattern, per cent, from Sep 2022
- Promoters
- Indian institutions
- Individuals and others
| Per cent | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | 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 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 57.79% | 57.79% | 57.79% | 57.79% | 58.54% | 58.76% | 58.76% | 58.76% | 58.76% | 59.29% | 59.29% | 59.29% | 59.29% | 59.29% | 51.10% | 51.10% | 51.10% | 51.10% | 51.10% | 51.10% | 51.10% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | |
| Indian promoters | 57.79% | 57.79% | 57.79% | 57.79% | 58.54% | 58.76% | 58.76% | 58.76% | 58.76% | 59.29% | 59.29% | 59.29% | 59.29% | 59.29% | 51.10% | 51.10% | 51.10% | 51.10% | 51.10% | 51.10% | 51.10% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% | 56.08% |
| Public. Every shareholder outside the promoter group, the employee trusts and the shares held against depositary receipts, as the filing totals them. Public in the glossary | 42.21% | 42.21% | 42.21% | 42.21% | 41.46% | 41.24% | 41.24% | 41.24% | 41.24% | 40.71% | 40.71% | 40.71% | 40.71% | 40.71% | 48.90% | 48.90% | 48.90% | 48.90% | 48.90% | 48.90% | 48.90% | 43.92% | 43.92% | 43.92% | 43.92% | 43.92% | 43.92% | 43.92% | 43.92% | 43.92% | 43.92% | 43.92% | 43.92% | 43.92% | 43.92% | 43.92% | 43.92% | 43.92% | 43.92% | 43.92% |
| Shares in issue | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 | 53,75,000 |
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.
Madhusudan Industries promoters
Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is VIKRAM INVESTMENTS COMPANY PRIVATE LIMITED, 17.43%.Promoter buying and selling
| Holder | ||
|---|---|---|
| VIKRAM INVESTMENTS COMPANY PRIVATE LIMITEDIndian companies, trusts and others | 17.43% | 9,36,640 |
| SMITI SOMANYIndividuals and Hindu undivided families | 11.41% | 6,13,120 |
| VIKRAM SOMANYIndividuals and Hindu undivided families | 10.03% | 5,38,979 |
| REKHA COMMERCIAL PRIVATE LIMITEDIndian companies, trusts and others | 7.56% | 4,06,207 |
| SUVINAY TRADING & INVESTMENT CO. LTD.Indian companies, trusts and others | 4.79% | 2,57,697 |
| TRISURE PROMOTIONS & TRADINGS PRIVATE LIMITEDIndian companies, trusts and others | 4.51% | 2,42,200 |
| DEEPSHIKHA KHAITANIndividuals and Hindu undivided families | 0.36% | 19,558 |
No promoter shares are reported as pledged.
Largest public holders of Madhusudan Industries, filing by filing
Per cent, on the same shares as the split above.
| Holder | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | 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 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SAJAN KUMAR PASARIResident individuals, over ₹2 lakh at face value | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% |
| KAMAL KUMAR GOYALResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% | 1.87% | 2.51% | 2.50% | 2.44% | 2.44% | 2.44% | 2.44% | 2.44% | 2.44% | 2.19% | 1.97% | 1.90% | 1.89% | 1.89% | 1.89% | 1.89% | 1.89% | 1.89% | 1.89% | 1.89% | 1.89% | 1.89% |
| UDAY VINODCHANDRA SHAHResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.69% | 1.69% | 1.69% | 1.73% | 1.73% | 1.73% |
| MAHENDRA GIRDHARILAL WADHWANIResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.67% |
| ADITYA MITTALResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.11% | 1.24% | 1.27% | 1.27% | 1.31% | 1.33% | 1.33% | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% |
| MANJU GAGGARResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.01% | 1.02% | 1.06% | 1.12% | 1.12% | 1.30% | 1.30% | 1.30% |
| VINODCHANDRA MULJIBHAI SHAHResident individuals, over ₹2 lakh at face value | – | – | – | – | – | 1.09% | 1.10% | 1.10% | 1.10% | 1.10% | 1.10% | 1.12% | 1.17% | 1.18% | 1.18% | 1.18% | 1.18% | 1.22% | 1.26% | 1.33% | 1.42% | 1.42% | 1.47% | 1.54% | 1.54% | 1.59% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.63% | 1.64% | 1.64% | – | – | – | – | – | – |
| MADHUSUDAN HOLDINGS LIMITEDCompanies | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 8.20% | 8.20% | 8.20% | 8.20% | 8.20% | 7.72% | 7.41% | 6.82% | 6.82% | 6.34% | 3.48% | 3.48% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.15% | – | – | – | – | – | – | – |
| GENERAL INSURANCE CORPORATION OF INDIAInsurance companies | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.07% | 1.07% | 1.07% | 1.07% | 1.07% | 1.06% | – | – | – | – | – | – | – | – | – | – | – | – | – |
| S KUMAR AND SONS HOLDING PRIVATE LIMITEDOther non-institutions | 1.58% | 1.58% | 1.58% | 1.58% | 1.58% | 1.58% | 1.58% | 1.90% | 2.48% | 3.42% | 3.48% | 3.48% | 3.48% | 3.48% | 3.48% | 3.48% | 3.48% | 3.48% | 3.48% | 3.48% | 3.48% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| SHEO KUMAR AGARWALResident individuals, over ₹2 lakh at face value | – | – | – | – | – | 1.07% | 1.11% | 1.14% | 1.14% | 1.35% | 1.51% | 1.51% | 1.51% | 1.51% | 1.51% | 1.51% | 1.51% | 1.51% | 1.51% | 1.51% | 1.51% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| LIFE INSURANCE CORPORATION OF INDIAInsurance companies | 2.79% | 2.79% | 2.79% | 2.79% | 2.79% | 2.79% | 2.79% | 2.79% | 2.79% | 2.79% | 2.79% | 2.79% | 2.79% | 2.79% | 2.79% | 2.79% | 2.79% | 2.79% | 1.42% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| DIPAK KANAYALAL SHAHResident individuals, over ₹2 lakh at face value | – | – | – | – | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% | 1.16% | 1.39% | 1.40% | 1.02% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| STEWART & MACKERTICH WEALTH MANAGEMENT LIMITEDOther non-institutions | – | – | – | – | – | – | – | 1.95% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| SAURAV GUPTAResident individuals, over ₹2 lakh at face value | 2.03% | 2.03% | 2.03% | 2.03% | 1.98% | 1.98% | 1.98% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| MANJU BACHHAWATResident individuals, over ₹2 lakh at face value | 3.42% | 3.42% | 3.42% | 3.42% | 1.72% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.
Who moved in the Sep 2026 filing
Against the Jun 2026 filing. A filing names a public holder only at 1% or more, so a holder no longer named fell under 1% or sold out.
- Individuals and others: MAHENDRA GIRDHARILAL WADHWANI newly named at 1.67%