Madhusudan Masala logo

Madhusudan Masala share price

NSE: MADHUSUDANFood Products

Madhusudan Masala Limited · Face value ₹10 · Listed Sep 2023 · Issue price ₹70
Last close ₹245.00up ₹3.15 (1.30%)

Share price at the NSE close on 27 Oct 2026. Previous close ₹241.85.

27 Oct: open ₹251.00, high ₹251.00, low ₹245.00

52-week range of traded prices to 27 Oct 2026
₹108.60Low, 17 Nov 2025₹285.00High, 19 Oct 2026
Market cap
₹395 Cr
P/E
18.97
P/B
Shares changed
Dividend yield
Nonein the last 12 months
ROE
19.3%
Debt to equity
0.68
Volume, NSE
16,000100.0% delivered

Madhusudan Masala share price chart

Daily closes since Sep 2023, adjusted for splits and bonuses

+80.1%over a year · Nifty SME EMERGE −7.5% · Nifty 500 −8.8%

Results20-session average 26,200 shares a day, 87.6% delivered

Results

Standalone, as consolidated accounts are on record for only 2 of the last ten years; ₹ crore.Madhusudan Masala quarterly results

Quarter to Jun 2026, against the quarter before

Revenue
₹90 Crup 2.85%
Net profit
₹5.81 Crup 11.24%
Net margin
6.5%

Revenue by quarter

₹64 CrJun 25₹42 CrSep 25₹68 CrDec 25₹87 CrMar 26₹90 CrJun 26
Peak revenue ₹90 Cr, quarter to Jun 2026; lowest ₹42 Cr, quarter to Sep 2025

Net profit by quarter, a loss in red

₹3.72 CrJun 25₹3.10 CrSep 25₹4.12 CrDec 25₹5.23 CrMar 26₹5.81 CrJun 26
₹ croreJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue64.541.668.487.189.5
Net profit3.73.14.15.25.8
Net margin5.8%7.4%6.0%6.0%6.5%
Standalone. The 5 quarters from Jun 2025, the first on record; the half years before them are below. The latest is shaded.
₹ croreSep 2024
Revenue94.8
Net profit5.7
Net margin6.0%
Standalone. The half years in the same span that the quarters on record do not fully cover.

Business segments

In the year to Mar 2026 the company reports one business segment, SPICES, which carries all its revenue.

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−8.3%+31.5%−30.3%0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 year is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Madhusudan Masala shareholding pattern

Shareholding by group

  • Promoters70.44%
  • Foreign institutions0.68%
  • Indian institutions0.86%
  • Individuals and others28.02%
Holder
RISHIT DAYALAJI KOTECHAPromoter19.31%
HIREN KOTECHAPromoter19.11%
DAYALJI VANRAVAN KOTECHAPromoter9.92%
VIJAYKUMAR VANRAVAN KOTECHAPromoter9.92%
FORAM RISHIT KOTECHAPromoter5.30%
MAYURI HIREN KOTECHAPromoter5.30%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names.

Since Jun 2026: promoters −0.03 pts, foreign institutions unchanged, Indian institutions −3.61 pts.

The filing reports 43,45,000 of its 1,61,35,000 shares locked in.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.Madhusudan Masala insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade · 2 off-market moves
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Madhusudan Masala competitors and peers

Other Food Products, 44 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Madhusudan Masala in market cap.FMCG companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Hexagon Nutrition logoHexagon NutritionHEXAGON710––––––0.52%
Pajson Agro India logoPajson Agro IndiaPAJSON68927.815.07––18.2%–0.00%
Proventus Agrocom logoProventus AgrocomPROV64645.504.48+59.1%+92.8%10.4%–0.00%
Hoac Foods India logoHoac Foods IndiaHOACFOODS41293.5016.42+89.3%+77.3%24.2%–0.00%
Chemkart India logoChemkart IndiaCHEMKART31115.812.40––15.2%–0.00%
Megastar Foods logoMegastar FoodsMEGASTAR28628.862.78+35.6%+99.2%10.1%11.4%0.00%
Srivari Spices and Foods logoSrivari Spices and FoodsSSFL24615.153.30+53.3%+70.5%24.4%–0.00%
Adon Agro Commodities logoAdon Agro CommoditiesADON2209.48–––60.4%–0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Latest announcements

Routine notices left out.Madhusudan Masala announcements

Madhusudan Masala share price by year

Each calendar year to 2025.Madhusudan Masala share price history

YearClose at year endChangeHighest closeLowest close
2025131.45−39.5%224.95108.95
2024217.40+78.4%217.40100.75
2023121.85–148.20106.10
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2023 is from its first session, 26 Sep 2023.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 2026259.95260.00238.00241.85244.4025,00068.0%
23 Oct 2026260.05260.05247.25253.55254.9118,00083.3%
22 Oct 2026254.00254.75244.05253.85251.0330,00073.3%
21 Oct 2026276.50279.00252.60256.00261.7437,00064.9%
19 Oct 2026260.00285.00260.00271.90272.3957,00079.0%
16 Oct 2026255.00265.00250.00259.50257.0859,00071.2%
15 Oct 2026240.00252.00235.00247.25243.1949,00091.8%
14 Oct 2026234.95239.90234.45237.00236.8616,00081.3%
13 Oct 2026229.00231.95227.00227.70227.9219,000100.0%
Prices in ₹ per share as traded, not adjusted.

Company details

NSE symbol
MADHUSUDAN
ISIN
INE0P6701019
Industry
Food Products