Madhusudan Industries Ltd - Stock Valuation and Financial Performance

BSE: 515059 | NSE: MADSUDIND | Trading | Small Cap

Madhusudan Inds Share Price

61.50 -2.78 -4.32%
as on 19-Apr'24 16:01

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Madhusudan Industries stock performance -

mw4me loader
P/E Ratio (SA):
6.60
Market Cap:
33.2 Cr.
52-wk low:
20.5
52-wk high:
94.9

Is Madhusudan Industries Ltd an attractive stock to invest in?

1. Is Madhusudan Industries Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Madhusudan Industries Ltd is a below average quality company.

2. Is Madhusudan Industries Ltd undervalued or overvalued?

The key valuation ratios of Madhusudan Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Madhusudan Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Madhusudan Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Madhusudan Inds:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Madhusudan Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 4.8%1.3%1.7%2.4%2.7%3.7%1.8%19.3%11.1%10.2%-
Value Creation
Index
-0.7-0.9-0.9-0.8-0.8-0.7-0.90.4-0.2-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0.90.90.91.11.11.210.91.11.21
Sales YoY Gr.-5.8%2.2%14%3.8%4.6%-10.4%-11.7%18.7%7.4%-
Adj EPS 1.20.30.40.70.91.30.66.94.64.79.4
YoY Gr.--74.6%32.3%68.3%29%42.7%-53.5%1074.6%-33.2%1.3%-
BVPS (₹) 25.424.324.832.234.134.432.639.343.948.354.7
Adj Net
Profit
0.70.20.20.40.50.70.33.72.52.55
Cash Flow from Ops. 11.7-0.3-0.60.2-0.4-0.7-0.4-1.1-1.4-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.4%1.1%4%7.4%
Adj EPS 16.1%39.4%99.6%1.3%
BVPS7.4%7.2%14.1%10.2%
Share Price 22.8% 30.9% 83.2% 179.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
4.91.21.72.42.73.71.819.311.110.218.2
Op. Profit
Mgn %
40-20.7-1.8-11.8-0.333.81.517.42631.816.9
Net Profit
Mgn %
76.118.323.634.743.659.430.8408231.3218420.1
Debt to
Equity
0000000000-
Working Cap
Days
2,5951,9901,6561,3861,1881,1481,3661,6371,3461,2002,249
Cash Conv.
Cycle
72363449826877000002,205

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.20%

Net Profit is growing at healthy rate in last 3 years 99.58%

Sales growth has been subdued in last 3 years 4.04%

Sales growth is not so good in last 4 quarters at 7.09%

Latest Financials - Madhusudan Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 9.4 1.4
TTM Sales (₹ Cr.) 1.2 0.1
BVPS (₹.) 54.7 0
Reserves (₹ Cr.) 27 10
P/BV 1.13 0.00
PE 6.60 44.72
From the Market
52 Week Low / High (₹) 20.45 / 94.87
All Time Low / High (₹) 2.80 / 170.00
Market Cap (₹ Cr.) 33.2
Equity (₹ Cr.) 2.7
Face Value (₹) 5
Industry PE 75.9

Management X-Ray of Madhusudan Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Madhusudan Inds

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales0.860.910.931.061.101.151.030.911.081.16
Operating Expenses 0.521.090.951.281.111.542.960.960.830.95
Manufacturing Costs0.040.050.010.010.010.010.010.030.050.04
Material Costs0000000000
Employee Cost 0.280.380.390.410.430.500.510.530.490.54
Other Costs 0.190.660.550.870.681.042.440.400.290.37
Operating Profit 0.34-0.19-0.02-0.22-0.02-0.39-1.93-0.050.240.21
Operating Profit Margin (%) 40.0%-20.7%-2.3%-21.0%-1.6%-34.4%-187.0%-5.0%22.7%17.7%
Other Income 0.530.590.663.181.560.770.684.933.143.31
Interest 0000000000
Depreciation 0.130.220.260.190.140.130.110.100.110.13
Exceptional Items -0.16000000000
Profit Before Tax 0.580.180.372.781.400.25-1.364.793.273.38
Tax 000.110.670.330.08-0.381.200.780.98
Profit After Tax 0.580.180.262.111.070.17-0.983.582.492.41
PAT Margin (%) 67.5%19.5%28.1%198.6%97.2%15.1%-94.8%392.4%231.2%208.2%
Adjusted EPS (₹)1.10.30.53.92.00.3-1.86.74.64.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 13.6213.0613.3217.3018.3518.5017.5121.1023.5825.98
Share Capital 2.692.692.692.692.692.692.692.692.692.69
Reserves 10.9410.3710.6314.6115.6615.8114.8318.4220.8923.29
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables0000000000
Others Liabilities 1.081.071.191.872.192.241.872.962.853.54
Total Liabilities 14.7014.1214.5019.1720.5420.7419.3924.0726.4329.53

Fixed Assets

Gross Block3.436.025.842.672.662.662.662.662.742.75
Accumulated Depreciation2.052.913.010.160.310.440.540.640.720.85
Net Fixed Assets1.393.112.842.502.362.232.122.022.021.90
CWIP 0.31000000000
Investments 4.414.194.299.6310.8910.638.7812.9114.9916.80
Inventories0000000000
Trade Receivables1.701.441.100.46000000
Cash Equivalents 2.752.802.983.363.834.144.544.915.716.93
Others Assets4.142.603.303.213.473.743.964.233.703.90
Total Assets 14.7014.1214.5019.1720.5420.7419.3924.0726.4329.53

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 11.71-0.27-0.590.24-0.38-0.65-0.44-1.09-1.36
PBT 0.580.180.372.781.400.25-1.364.793.273.38
Adjustment -0.46-0.26-0.28-2.22-0.930.141.38-4.60-2.98-3.02
Changes in Working Capital 0.51.81-0.3-1.38-0.08-0.56-0.52-0.59-1.19-1.4
Tax Paid 0.37-0.01-0.050.23-0.15-0.21-0.15-0.04-0.19-0.32
Cash Flow From Investing Activity 0.94-1.670.45-0.170.280.250.570.560.891.33
Capex -0.31-2.380.010.140000-0.09-0.01
Net Investments 0.870.24-0.04-0.80-0.17-0.200.030.040.490.77
Others 0.380.470.490.490.450.450.550.520.490.57
Cash Flow From Financing Activity -0.52000000000
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid 0000000000
Others -0.51000000000
Net Cash Flow 1.420.050.18-0.760.52-0.12-0.080.12-0.20-0.03
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)4.361.321.9813.775.980.94-5.4218.5611.149.71
ROCE (%)4.291.332.8118.147.831.36-7.5524.7814.6513.65
Asset Turnover Ratio0.060.060.060.060.060.060.050.040.040.04
PAT to CFO Conversion(x)1.729.5-1.04-0.280.22-2.24N/A-0.12-0.44-0.56
Working Capital Days
Receivable Days7226334982687700000
Inventory Days2000000000
Payable Days0000000000

Madhusudan Industries Ltd Stock News

Madhusudan Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Madhusudan Inds on 19-Apr-2024 16:01 is ₹61.50.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 19-Apr-2024 16:01 the market cap of Madhusudan Inds stood at ₹33.23.
The latest P/E ratio of Madhusudan Inds as of 19-Apr-2024 16:01 is 6.60.
The latest P/B ratio of Madhusudan Inds as of 19-Apr-2024 16:01 is 1.13.
The 52-week high of Madhusudan Inds is ₹94.87 and the 52-week low is ₹20.45.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Madhusudan Inds is ₹1.20 ( Cr.) .

About Madhusudan Industries Ltd

Madhusudan Industries, incorporated on August 27, 1945, is a Gujarat-based company engaged in the edible oil business. Earlier known as Madhusudan Vegetable Products Company, it got its present name on December 09, 1987.

The company, trading in refined edible vegetable oil, laundry soap, and de-oiled cakes, sells its products under established brands like Madhuram, Mahek and Madhuras. It completed winding up its edible oil manufacturing business by July 2006 with the sale of its unit at Nimbahera in the Chittorgarh district of Rajasthan. Plant and machinery and a wind farm at Rakhial in the Gandhinagar district of Gujarat have also been disposed, but the administrative and logistic infrastructure remains intact to tap new business opportunities.

The registered office of the company is located at Rakhial - 382315, Dehgam taluka, Gandhinagar district, Gujarat.

Subsidiaries

  • Madhusudan Fiscal.

Business area of the company

The company is engaged in manufacturing of vanaspati refined oils, de-oiled cakes, soaps, vitreous china sanitaryware and ceramic tiles. Products of the Company are marketed under the names of Cera sanitaryware, Cera tiles and Madhuram vanaspati.

Milestones

  • 1945 - The company was incorporated on August 27, 1945 under the name and style of Madhusudan Vegetable Products Company.
  • 1980 - The company diversified its activities by setting up a ceramic sanitary unit at Kadi, Dist. Mehsana with an installed capacity of 3,600 tonnes per annum.
  • 1986 - The company set up a ceramic tiles unit with an installed capacity of 3,500 tonnes per annum.
  • 1987 - The name of the company was changed to Madhusudan Industries and a fresh certificate of incorporation, consequent thereupon was issued by the Registrar of Companies, Gujarat at Ahmedabad on December 9, 1987.
  • 1988 - The company privately placed with UTI, LIC and GIC and its subsidiaries 14% non-convertible debentures. These debentures are redeemable at 5% premium on expiry of the 7th year from the date of allotment of the debenture.
  • 1990 - Ujala King Inamotsav 90, a scheme was introduced by the company for consumers, retailers and stockiest.
  • 1991 - The company undertook a major modernisation and technology upgradation-cum-expansion programme at its sanitary ware unit for which a Memorandum of Understanding was signed with Lisland, U.K. Lisland, U.K. were to assist in formulating and executing the upgradation-cum-expansion programme involving replacement of existing tunnel kilns by new fuel efficient tunnel kilns, semi-automation in raw-material handling, glaze improvement, etc.
  • 1991 - The company undertook to set up a new solvent extraction plant with an installed capacity of 250 TPD at Nimbahera in Chithorgarh District of Rajasthan.
  • 1994 - The company installed an expander along with balancing equipments at Nimbahera units with a view to meet dumping of imported edible oil through Government owned Co-operative institutions at discriminatory import duty.
  • 1994 - A new electrostatic glazing system was being installed in the sanitary ware division. The Company was in the process of setting up a new ceramic tiles unit near Baroda with an installed capacity of 22,000 TPA.
  • 1994 - The company entered the power sector by installing ten wind turbine generator at village Patelka in Saurashtra.
  • 1996 - The Electrostatic glazing system and new Heimsoth Kiln were commissioned during the year. Production and sales were affected by the partial shutdown of the solvent plant during the first quarter of the year.
  • 2000 - The Company had undertaken modernization cum balancing equipment project at its Sanitaryware Unit, in Kadi.
  • 2001 - Madhusudan Ceramics, the sanitaryware division of Madhusudan Industries, has launched the country's first of its kind single piece Monoblock EWC with flushing cistern.
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