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About Madhusudan Masala Ltd
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Madhusudan Masala Limited was originally formed as a Partnership Firm registered under the Indian Partnership Act, 1932 with Registrar of Firms, Gujarat in the name and style of "M/s. Madhusudan & Co.", pursuant to a Deed of Partnership in 1982. Further "M/s. Madhusudan & Co." was converted from Partnership Firm to a Private Limited Company in the name of "Madhusudan Masala Private Limited" vide Certificate of Incorporation dated December 14, 2021, issued by Registrar of Companies. Subsequently the Company was converted into a Public Limited Company on April 15, 2023 and the name was changed to "Madhusudan Masala Limited" vide fresh Certificate of Incorporation dated April 29, 2023 by the Registrar of Companies, Ahmedabad. The Company started current manufacturing unit at Industrial Area Hapa, Near Jamnagar Unit in FY 2015. Since then, the Company is engaged in the business of manufacturing and processing of more than 32 types of Spices under the brand names of "DOUBLE HATHI" and "MAHARAJA". The Company sell products like: Whole Spices, Tea and Other Grocery Products like: Rajgira flour, Papad, Soya Products, Asafoetida (Hing), Achar Masala (Ready to make pickle powder), Sanchar (Black Salt Powder), Sindhalu (Rock Salt Powder), Katlu powder (Food supplement), Kasuri Methi (Dry Fenugreek) etc under the brand name of "DOUBLE HATHI". Furthermore, it generate revenue from trading of whole spices and food grains through unbranded sales. The Company set up a multi commodity agri products cold storage with capacity of 4029 MT in FY 2022. The range of spices includes (i) Ground spices which comprises of various varieties of Chilli Powder, Turmeric Powder, Coriander Powder and Coriander Cumin Powder and (ii) Blend spices which comprises of Garam Masala, Tea Masala, Chhole Masala, Sambhar Masala, Pav Bhaji Masala, Pani Puri Masala, Sabji Masala, Kitchen King Masala, Chicken Masala, Meat Masala, Chatpata Chat Masala, Butter Milk Masala, Chewda Masala, Dry Ginger Powder (Sunth), Black Pepper Powder (Mari), Dry Mango Powder (Aamchur) etc. The Company deals in whole spices in retail and bulk quantity. It has earned goodwill & competitive edge through the consistent quality oriented product development approach. Company came up with IPO by issuing 34,00,000 Equity Shares of Rs 10 each and raised Rs 23.8 crore through fresh issue on September 21, 2023. The Company acquired 100% equity stake in Vitagreen Products Pvt. Ltd, making it a wholly owned subsidiary of the Company in FY 2024. It launched the "MAHARAJA" brand for the sale of ground spices for rural market in FY 2025.
Madhusudan Masala share price as on 10 Feb 2026 is Rs. 133.1. Over the past 6 months, the Madhusudan Masala share price has decreased by 5.3% and in the last one year, it has decreased by 31.57%. The 52-week low for Madhusudan Masala share price was Rs. 108.6 and 52-week high was Rs. 195.
91841
MADHUSUDAN
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Madhusudan Masala Ltd FAQs
You can buy Madhusudan Masala Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Madhusudan Masala Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Feb 09, 2026 03:31 PM the closing price of Madhusudan Masala Ltd was Rs.133.10.
The latest PE ratio of Madhusudan Masala Ltd as of Feb 09, 2026 03:31 PM is 10.68
The latest PB ratio of Madhusudan Masala Ltd as of Feb 09, 2026 03:31 PM is 1.91
The 52-week high of Madhusudan Masala Ltd share price is Rs. 195.00 while the 52-week low is Rs. 108.60
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 Feb 09, 2026 03:31 PM, the market cap of Madhusudan Masala Ltd stood at Rs. 192.60 Cr.
Market Outlook
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