MADHUSE
Madhusudan Securities financials
- Market cap
- ₹40 Cr
Quarterly results
Q1 FY27: net profit down 341.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 −100% | 5 +25600% | 2 +5250% | 0 |
| Net profit | -0 | -0 | -0 | -0 | -0 −79% | 4 +2139% | -0 −185% | -1 −342% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −14.3% 1Y
1Y: ₹21 on 9 Sept 2025 → ₹18. High ₹27.09 (2 Dec 2025), low ₹15.23 (24 Aug 2026).
Financials, as filed
Revenue grew 10300.0% a year over 1 year, FY25 to FY26.
| Year ending | FY25 | FY26 |
|---|---|---|
| Revenue | ₹0 Cr | ₹7 Cr |
| Interest | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹2 Cr |
| Net profit | ₹-1 Cr | ₹3 Cr |
| Net margin | -1185.7% | 38.6% |
| Cash from operations | ₹-9 Cr | ₹-6 Cr |
| Free cash flow | ₹-9 Cr | ₹-12 Cr |
| ROE | -0.7% | 3.6% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity capital | ₹9 Cr | ₹15 Cr | ₹21 Cr |
| Reserves | ₹148 Cr | ₹78 Cr | ₹55 Cr |
| Borrowings | ₹0 Cr | — | ₹0 Cr |
| Other liabilities | ₹11 Cr | ₹4 Cr | ₹3 Cr |
| Total liabilities | ₹168 Cr | ₹96 Cr | ₹80 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹3 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹2 Cr |
| Investments | ₹113 Cr | ₹35 Cr | ₹6 Cr |
| Other assets | ₹55 Cr | ₹61 Cr | ₹68 Cr |
| Total assets | ₹168 Cr | ₹96 Cr | ₹80 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −5.71 pp while promoters added +3.28 pp. The shareholder count shrank 11% to 4,016.
- Promoters
- 16.3%
- FIIs
- 2.4%
- Public
- 81.3%
Since Jun 2025
- Public −5.71 pp
- Promoters +3.28 pp
- FIIs +2.42 pp
How it drifted, 12 quarters
Over this window FIIs went from 0.0% to 2.4% — +2.4 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 16.6%, Public 83.4%.Dec '23: Promoters 16.6%, Public 83.5%.Mar '24: Promoters 16.6%, Public 83.5%.Jun '24: Promoters 13.6%, Public 86.4%.Sep '24: Promoters 13.6%, Public 86.4%.Dec '24: Promoters 13.0%, Public 87.0%.Mar '25: Promoters 13.0%, Public 87.0%.Jun '25: Promoters 13.0%, Public 87.0%.Sep '25: Promoters 23.3%, Public 76.7%.Dec '25: Promoters 15.8%, FIIs 1.2%, Public 83.0%.Mar '26: Promoters 16.3%, FIIs 2.5%, Public 81.3%.Jun '26: Promoters 16.3%, FIIs 2.4%, Public 81.3%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Madhusudan Securities Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Salim Pyarli Govani | 8.94% | unchanged |
| Cheralathan | 7.54% | unchanged |
| Mariappan Karthikeyan | 6.99% | unchanged |
| Primus Retail Pvt. Ltd. | 5.60% | unchanged |
| Jaidev Rajnikant Shroff | 5.14% | unchanged |
| Vishnu Ajay Anand | 4.67% | unchanged |
| Foresight Holdings Pvt.Ltd | 4.55% | unchanged |
| Madhavan Texpro Private Limited | 3.98% | unchanged |
| Ajay Brijlal Anand | 3.97% | unchanged |
| Anirudh Mohta | 2.33% | unchanged |
| Kaveri Khullar Nanda | 2.33% | unchanged |
| Nihar Kothari | 2.33% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Madhusudan Securities Ltd
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