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MADHUSUDAN INDUSTRIES LTD. (MADHUDIN) Fair Value & Analysis

Real Estate · IN · Market cap ₹231M

MI MADHUSUDAN INDUSTRIES LTD. MADHUDIN · BSE
Price₹35.99
Fair Value₹21.56
Upside-40.1%
Quality49/100
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Risks

!Trades 40% ABOVE our fair value of ₹21.56
!Expensive Growth
!Loss-making · -31.4% net margin
!Low debt · negative free cash flow
Expensive Growth
Loss-making · -31.4% net margin
Low debt · negative free cash flow
Trails peers (3/8)
Narrow moat 3/100
Evidence: Low Range ₹14.23 – ₹26.95 Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 8 days ago

Below-average quality, and screening another 40% overvalued on our models.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price sits above even our optimistic bull case (₹26.95). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹14.23 to ₹26.95) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹94.87 ₹10.00 Fair Value ₹21.56 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹10.00 – ₹94.87 · fair‑value band ₹14.23 – ₹26.95 · the ₹35.99 price screens above the ₹21.56 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

MADHUSUDAN INDUSTRIES LTD. (MADHUDIN) currently trades at ₹35.99, while our model-based Fair Value estimate is ₹21.56, implying the stock looks roughly 40.1% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, MADHUSUDAN INDUSTRIES LTD. generated revenue of ₹13.3M at a net margin of -31.4%. Revenue grew 5.0% year over year. It earns a return on equity of -1.5%. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹14.23 (bear case) to ₹26.95 (bull case); at ₹35.99, the current price sits above 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 31% below its 52-week high and 43% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 15% fair-value upside, at -40%, MADHUDIN 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) ₹13.3M
Revenue growth (YoY) +5.0%
Net margin -31.4%
Return on equity -1.5%
Free cash flow −₹6.4M FY2026
Operating margin -536%
More key figures
EPS (TTM) ₹-0.7800
EPS growth (YoY) -26.2%

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 48 · Market factors (momentum, volatility) 41

Profitability 7
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 23
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 24
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 rents properties and 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 LTD. 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 30/100
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 (7Y) 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.
+2.1%
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

MADHUDIN screens 40% overvalued. Compare with Plaza S.A →

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Cite: Fair Value Calculator (2026). "MADHUSUDAN INDUSTRIES LTD. Fair Value". https://www.fairvalue-calculator.com/stock/MADHUDIN

Peer Group

Real Estate Services · 541 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 48 · Below median
Fair Value upside −40% · Bottom 25%
Return on assets -3% · Bottom 25%
Net margin (TTM) -31% · Bottom 25%
Revenue growth 5% · Above median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/S (TTM) 0.18× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 33
FUTURE25 · sector 10
PAST0 · sector 16
HEALTH100 · sector 85
DIVIDEND0 · sector 59

VALUE 0: the price sits above our fair-value range.

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

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Plaza S.A MALLPLAZA 3,989 CLP 4,571 CLP +15%
PT Solusi Tunas Pratama Tbk SUPR 43,850 IDR 15,049 IDR -66%
Cencosud Shopping S.A CENCOMALLS 2,412 CLP 2,976 CLP +23%
PT Sarana Menara Nusantara Tbk. owns and TOWR 422.00 IDR 1,012 IDR +140%
PT Metropolitan Kentjana Tbk MKPI 22,000 IDR 19,160 IDR -13%
PT Bangun Kosambi Sukses Tbk, CBDK 3,610 IDR 3,464 IDR -4%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 2,990 ARS +20%
PT Plaza Indonesia Realty Tbk PLIN 2,510 IDR 2,698 IDR +7%
PT MNC Tourism Indonesia Tbk, KPIG 74.00 IDR 122.12 IDR +65%
PT Indonesian Paradise Property Tbk INPP 770.00 IDR 291.52 IDR -62%

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Frequently asked questions

Is MADHUSUDAN INDUSTRIES LTD. (MADHUDIN) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹21.56 versus a price of ₹35.99, about −40% (overvalued).
What is the fair value of MADHUDIN?
Our model-based fair value for MADHUSUDAN INDUSTRIES LTD. is ₹21.56 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹35.99.
What is the quality score of MADHUDIN?
MADHUSUDAN INDUSTRIES LTD. has a Quality Score of 49/100. 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 LTD. (MADHUDIN)?
MADHUSUDAN INDUSTRIES LTD. reported trailing-twelve-month revenue of about ₹13.3M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of MADHUDIN?
The net profit margin of MADHUSUDAN INDUSTRIES LTD. is about -31.4%, meaning it is currently running at a net loss. 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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