Madhur Industries Limited

BSE: MADHURIND · Other Agricultural Products

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Snapshot

Unlock Madhur Industries Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Madhur Industries Limited is an Ahmedabad-based company engaged in the processing, manufacturing, and marketing of spices and food products. It operates within the fast-moving consumer goods sector, offering a portfolio of ground spices and blended mixes under the Madhur brand.

Business Model

The company generates revenue by manufacturing and distributing traditional Indian condiments and food products through an established retail network. It serves both domestic markets, primarily in Western India, and international export segments.

  • Establishment Year:1973
  • Primary Manufacturing Location:Gujarat

Growth Outlook

Growth is driven by the company's long-standing presence in the regional spice market and the leveraging of its established distribution network. Future expansion relies on maintaining brand loyalty and scaling its reach within the competitive FMCG sector.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of agricultural commodities and spices can significantly impact profit margins.
  • Intense Market Competition. The company faces stiff competition from both large national FMCG players and unorganised local spice manufacturers.
  • Supply Chain Disruptions. Dependence on specific regional manufacturing and agricultural sourcing makes the company vulnerable to supply chain interruptions.
  • Regulatory Compliance. Stringent food safety and quality standards in domestic and export markets require continuous investment in compliance.

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Peers · Other Agricultural Products

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Madhur Industries LimitedMADHURIND
₹2 Cr-20.6%
Regaal ResourcesREGAAL
₹950 Cr15.2711.1212.3%12.2%12.0%-18.9%
Sukhjit Starch & Chemicals LimitedSUKHJITS
₹497 Cr14.537.51-0.9%7.5%6.2%10.2%-3.8%
Mangalam Global Enterprise LimitedMGEL
₹476 Cr10.038.4141.4%2.3%19.0%34.2%-11.6%
Modi NaturalsMODINATUR
₹463 Cr9.158.368.5%10.4%34.2%28.4%-28.0%
Sarveshwar FoodsSARVESHWAR
₹419 Cr6.189.3316.4%5.1%8.4%17.4%-53.9%

As of Mar 2026

Financials