Madhusudan Industries Ltd

Madhusudan Industries Ltd (MADHUDIN) is a micro-cap FMCG company valued at ₹19 crore operating in FMCG Products on the NSE and BSE.

Recent price move

Madhusudan Industries Ltd last traded at ₹34, modestly down 0.18% on the day.

Recent developments

2026-09-07: The DocStoX score increased to 5.8, and the verdict changed to 'hold' from 'avoid', reflecting improved price momentum. 2026-07-16: The score was 4.4, with a 'avoid' verdict, indicating lower confidence in the stock's potential.

Financial performance

The company's business is not improving, as annual revenue grew just 4.7% but net profit remained at a loss. The latest quarter showed a sharp rise in net profit, up 42.3% from the same quarter a year earlier, but revenue stayed flat. Margins worsened slightly, with the net profit margin falling to -31.6% from -30.7%, and returns remain low, with return on equity at 3.8%.

Valuation multiples

The stock trades at 36.0 times earnings, 0.72 times book value.

Things to watch

The company has a recent history of net profit swings, moving from a profit to a loss over three years, which could signal instability. The net profit margin has worsened slightly, and while the company is almost debt-free, its low returns on equity and capital employed suggest limited profitability.

Where it stands

The DocStoX verdict of 'hold' follows from the company's recent improvement in price momentum, despite weak business quality. The most important factor is the sharp rise in net profit in the latest quarter, which could signal a turnaround, but the ongoing loss and declining margins remain a concern.

Summarised by DocStoX's model on 2026-09-08 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.