MMP Industries Ltd
Incorporated in 1983, MMP Industries Ltd manufactures and sells aluminium powder products[1]
- Market Cap ₹ 675 Cr.
- Current Price ₹ 266
- High / Low ₹ 370 / 218
- Stock P/E 19.2
- Book Value ₹ 109
- Dividend Yield 0.75 %
- ROCE 14.4 %
- ROE 12.5 %
- Face Value ₹ 10.0
Pros
Cons
- Company has a low return on equity of 10.4% over last 3 years.
- Dividend payout has been low at 13.6% of profits over last 3 years
- Debtor days have increased from 37.8 to 47.2 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 70 | 157 | 180 | 203 | 243 | 261 | 242 | 231 | 448 | 538 | 579 | 692 | 762 | |
| 65 | 144 | 161 | 182 | 213 | 231 | 214 | 205 | 406 | 503 | 532 | 627 | 700 | |
| Operating Profit | 5 | 13 | 19 | 21 | 30 | 29 | 28 | 26 | 42 | 35 | 46 | 64 | 62 |
| OPM % | 8% | 8% | 11% | 10% | 12% | 11% | 11% | 11% | 9% | 7% | 8% | 9% | 8% |
| 0 | 0 | 1 | 5 | 1 | 4 | 3 | 1 | 0 | 1 | 1 | 1 | -16 | |
| Interest | 2 | 6 | 7 | 4 | 4 | 3 | 2 | 2 | 4 | 4 | 7 | 10 | 12 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 5 | 6 | 7 | 8 | 10 | 11 |
| Profit before tax | 1 | 6 | 12 | 20 | 24 | 28 | 25 | 21 | 32 | 25 | 33 | 46 | 24 |
| Tax % | 36% | 35% | 34% | 28% | 37% | 28% | 23% | 24% | 25% | 25% | 25% | 27% | |
| 1 | 4 | 8 | 14 | 15 | 21 | 19 | 16 | 24 | 18 | 24 | 33 | 18 | |
| EPS in Rs | 0.76 | 2.99 | 6.27 | 11.69 | 8.22 | 8.09 | 7.59 | 6.21 | 9.60 | 7.28 | 9.61 | 13.12 | 7.06 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 16% | 10% | 14% | 16% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 23% |
| 3 Years: | 16% |
| TTM: | 27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 12% |
| 3 Years: | 11% |
| TTM: | 22% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | 21% |
| 1 Year: | -24% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 10% |
| 3 Years: | 10% |
| Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 8 | 12 | 17 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
| Reserves | 7 | 13 | 21 | 38 | 77 | 143 | 154 | 170 | 192 | 207 | 229 | 258 | 252 |
| 29 | 43 | 39 | 41 | 38 | 23 | 17 | 30 | 52 | 58 | 93 | 152 | 159 | |
| 11 | 23 | 21 | 19 | 24 | 25 | 27 | 33 | 45 | 43 | 53 | 70 | 68 | |
| Total Liabilities | 55 | 87 | 89 | 106 | 151 | 208 | 223 | 258 | 314 | 334 | 401 | 506 | 505 |
| 19 | 34 | 37 | 37 | 37 | 44 | 90 | 112 | 147 | 160 | 183 | 220 | 232 | |
| CWIP | 2 | 2 | 1 | 1 | 0 | 25 | 17 | 29 | 4 | 15 | 27 | 23 | 19 |
| Investments | 1 | 1 | 1 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 9 | 10 |
| 33 | 50 | 51 | 61 | 106 | 131 | 107 | 109 | 155 | 151 | 182 | 253 | 245 | |
| Total Assets | 55 | 87 | 89 | 106 | 151 | 208 | 223 | 258 | 314 | 334 | 401 | 506 | 505 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 | 14 | 6 | 11 | 10 | 18 | 36 | 19 | 33 | 43 | 55 | ||
| -12 | -3 | -3 | -2 | -76 | -7 | -27 | -19 | -24 | -42 | -43 | ||
| 5 | -10 | -1 | 22 | 43 | -3 | -1 | 0 | -7 | -3 | -2 | ||
| Net Cash Flow | -0 | 1 | 2 | 31 | -23 | 8 | 7 | -0 | 2 | -2 | 10 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 77 | 64 | 55 | 62 | 68 | 60 | 57 | 62 | 42 | 30 | 36 | 47 |
| Inventory Days | 127 | 62 | 54 | 50 | 41 | 48 | 78 | 116 | 84 | 76 | 92 | 94 |
| Days Payable | 54 | 48 | 27 | 25 | 22 | 26 | 28 | 33 | 23 | 16 | 19 | 19 |
| Cash Conversion Cycle | 150 | 78 | 82 | 87 | 88 | 82 | 108 | 144 | 103 | 90 | 109 | 122 |
| Working Capital Days | 27 | 2 | 7 | 17 | 30 | 41 | 63 | 63 | 46 | 37 | 36 | 32 |
| ROCE % | 10% | 28% | 25% | 26% | 20% | 14% | 11% | 15% | 10% | 12% | 14% |
Documents
Announcements
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Copy of Newspaper Publication
8 November 2025 - MMP Industries Limited has informed about Copy of Newspaper Publication
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Press Release
7 November 2025 - Q2 revenue ₹1,882mn (+29% YoY) and PAT ₹70mn (+20%); capex ₹85–90Cr LVPC, ₹35–40Cr insulators.
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Outcome of Board Meeting
7 November 2025 - Board approved Q1 FY2025-26 results; seek term loan/cash credit; corporate guarantee to MMP Cables; related-party transactions disclosed.
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Outcome of Board Meeting
7 November 2025 - 7 Nov 2025: Approved Q1 FY2025-26 unaudited results; seeking term loan/cash credit; corporate guarantee to MMP Cables.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
11 October 2025 - Registrar confirms Reg 74(5) not applicable for quarter ended 30 Sep 2025; all shares dematerialised.
Annual reports
Concalls
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Aug 2025TranscriptNotesPPT
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May 2025TranscriptNotesPPT
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Feb 2025TranscriptNotesPPT
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Nov 2024TranscriptNotesPPT
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Jul 2024TranscriptNotesPPT
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May 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Jul 2023TranscriptNotesPPT
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Jul 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Jul 2022TranscriptPPT
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Jul 2022TranscriptPPT
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Jun 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
Business Overview:[1]
MMPIL manufactures aluminum powders, aluminum foils, and aluminum conductors/cables. It is associated with Toyo Aluminium K.K. Japan, which helps provide technological support to the company.