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Madhusudan Industries Limited (515059) Fair Value & Analysis

Consumer Goods · IN · Market cap ₹54.4M

MI Madhusudan Industries Limited 515059 · BSE
Price₹36.17
Fair Value₹43.12
Upside+19.2%
Quality54/100
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Expensive Growth
Thin margins · 4.3% net margin
Low debt · negative free cash flow
Ranks above peers (7/10)
Moderate moat 48/100
Evidence: Low Range ₹28.46 – ₹53.90 Share as image

Fair value as of: Aug 17, 2026

From 1 valuation models · updated 2 days ago

Fair value updated Aug 17, 2026, revised from ₹21.56 to ₹43.12 (+100.0%) since Aug 13, 2026.

A solid business, screening 19% undervalued on our models.

What matters now

  • A fairly wide model range (₹28.46 to ₹53.90) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

₹94.87 ₹8.84 Fair Value ₹43.12 Jan 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 17, 2026.

How to read this chart

60‑month range ₹8.84 – ₹94.87 · fair‑value band ₹28.46 – ₹53.90 · the ₹36.17 price screens below the ₹43.12 fair value. Dashed = 300-day average. As of Aug 17, 2026.

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Analysis

Madhusudan Industries Limited (515059) currently trades at ₹36.17, while our model-based Fair Value estimate is ₹43.12, implying the stock looks roughly 19.2% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Consumer Goods sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Madhusudan Industries Limited generated revenue of ₹16.1M at a net margin of 4.3%. It earns a return on equity of 0.4%. The stock trades on a trailing P/E of 4.6 (as of Jul 4, 2026). Fundamentals as of Aug 17, 2026

Our scenario range runs from ₹28.46 (bear case) to ₹53.90 (bull case); at ₹36.17, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 30% below its 52-week high and 44% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Goods peers we cover trades at 97% fair-value upside, at 19%, 515059 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
NCAV (Graham) ₹25.49 ₹34.16 ₹50.99 50
All 1 models by family
Asset-Based
NCAV (Graham) ₹25.49 ₹34.16 ₹50.99 50

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Key figures & financial health

Revenue (TTM) ₹16.1M
Revenue growth (YoY) +379%
Net margin 4.3%
Return on equity 0.4%
Free cash flow −₹6.4M FY2026
P/E ratio 4.6 as of Jul 4, 2026
More key figures
Operating margin 82.9%
EPS (TTM) ₹0.1290
EPS growth (YoY) +2,550%

Figures from reported company fundamentals · as of Aug 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 49 · Market factors (momentum, volatility) 45

Profitability 7
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 23
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Madhusudan Industries Limited engages in the lease of properties in India. It also provides ancillary services. The company was incorporated in 1945 and is headquartered in Ahmedabad, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Madhusudan Industries Limited reported revenue of ₹13.3M in FY2026 versus ₹10.8M in FY2022, a compound +5.4%/yr. Reported net income was −₹4.2M in FY2026.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹13.3M
Latest YoY
+4.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.8%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.8%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.7%
Revenue +5.4%/yr
FY22 ₹10.8M
FY23 ₹11.6M
FY24 ₹12.2M
FY25 ₹12.7M
FY26 ₹13.3M
Net income
FY22 ₹24.9M
FY23 ₹24.1M
FY24 ₹23.2M
FY25 −₹3.9M
FY26 −₹4.2M

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Cite: Fair Value Calculator (2026). "Madhusudan Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/515059

Peer Group

Farm Products · 298 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 49 · Below median
Fair Value upside +19% · Above median
Return on equity (TTM) 0% · Below median
Return on assets 4% · Above median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 83% · Top 25%
Revenue growth 379% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Farm Products median · lower = cheaper

P/E (TTM) 4.6× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 59 · sector 26
FUTURE 100 · sector 21
PAST 2 · sector 17
HEALTH 100 · sector 94
DIVIDEND 0 · sector 47

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Farm Products stocks, each showing price versus our Fair Value estimate (as of Aug 17, 2026).

Stock Price Fair Value vs Fair Value
Muyuan Foods Group 002714 ¥40.15 ¥47.42 +18%
Charoen Pokphand Foods Public Company CPF 21.90 THB 43.24 THB +97%
PT Charoen Pokphand Indonesia Tbk, CPIN 3,150 IDR 6,818 IDR +116%
PT Triputra Agro Persada Tbk TAPG 1,805 IDR 3,087 IDR +71%
PT FAP Agri Tbk FAPA 7,350 IDR 6,420 IDR -13%
PT Japfa Comfeed Indonesia Tbk JPFA 2,260 IDR 6,974 IDR +209%
PT Jhonlin Agro Raya Tbk JARR 1,890 IDR 610.80 IDR -68%
PT Nusantara Sawit Sejahtera Tbk NSSS 860.00 IDR 402.24 IDR -53%
PT Sinar Mas Agro Resources and Technology Tbk SMAR 5,625 IDR 16,227 IDR +188%
PT Dharma Satya Nusantara Tbk DSNG 1,320 IDR 2,696 IDR +104%

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Frequently asked questions

Is Madhusudan Industries Limited (515059) overvalued or undervalued?
As of Aug 17, 2026, our model estimates a fair value of ₹43.12 versus a price of ₹36.17, about +19% (undervalued).
What is the fair value of 515059?
Our model-based fair value for Madhusudan Industries Limited is ₹43.12 (as of Aug 17, 2026), built from audited fundamentals. The current price is ₹36.17.
What is the quality score of 515059?
Madhusudan Industries Limited has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Madhusudan Industries Limited (515059)?
Madhusudan Industries Limited reported trailing-twelve-month revenue of about ₹16.1M (latest available figure, as of Aug 17, 2026).
What is the net profit margin of 515059?
The net profit margin of Madhusudan Industries Limited is about 4.3%, meaning it keeps roughly 4.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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