MMP Industries Ltd
Incorporated in 1983, MMP Industries Ltd manufactures and sells aluminium powder products[1]
- Market Cap ₹ 682 Cr.
- Current Price ₹ 268
- High / Low ₹ 320 / 185
- Stock P/E 20.4
- Book Value ₹ 120
- Dividend Yield 0.75 %
- ROCE 13.3 %
- ROE 11.4 %
- Face Value ₹ 10.0
Pros
Cons
- Company has a low return on equity of 11.4% over last 3 years.
* 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 157 | 180 | 203 | 243 | 261 | 242 | 231 | 448 | 538 | 579 | 692 | 822 | |
| 144 | 161 | 182 | 213 | 231 | 214 | 205 | 406 | 503 | 532 | 627 | 753 | |
| Operating Profit | 13 | 19 | 21 | 30 | 29 | 28 | 26 | 42 | 35 | 46 | 64 | 69 |
| OPM % | 8% | 11% | 10% | 12% | 11% | 11% | 11% | 9% | 7% | 8% | 9% | 8% |
| 0 | 1 | 5 | 1 | 4 | 3 | 1 | 0 | 1 | 1 | 1 | -8 | |
| Interest | 6 | 7 | 4 | 4 | 3 | 2 | 2 | 4 | 4 | 7 | 10 | 13 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 3 | 5 | 6 | 7 | 8 | 10 | 11 |
| Profit before tax | 6 | 12 | 20 | 24 | 28 | 25 | 21 | 32 | 25 | 33 | 46 | 37 |
| Tax % | 35% | 34% | 28% | 37% | 28% | 23% | 24% | 25% | 25% | 25% | 27% | 28% |
| 4 | 8 | 14 | 15 | 21 | 19 | 16 | 24 | 18 | 24 | 33 | 26 | |
| EPS in Rs | 2.99 | 6.27 | 11.69 | 8.22 | 8.09 | 7.59 | 6.21 | 9.60 | 7.28 | 9.61 | 13.12 | 10.40 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 16% | 10% | 14% | 16% | 11% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 29% |
| 3 Years: | 15% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 16% |
| 3 Years: | 22% |
| TTM: | -1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 16% |
| 1 Year: | 6% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 11% |
| 3 Years: | 11% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 12 | 17 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
| Reserves | 13 | 21 | 38 | 77 | 143 | 154 | 170 | 192 | 207 | 229 | 258 | 279 |
| 43 | 39 | 41 | 38 | 23 | 17 | 30 | 52 | 58 | 93 | 152 | 152 | |
| 23 | 21 | 19 | 24 | 25 | 27 | 33 | 45 | 43 | 53 | 70 | 94 | |
| Total Liabilities | 87 | 89 | 106 | 151 | 208 | 223 | 258 | 314 | 334 | 401 | 506 | 550 |
| 34 | 37 | 37 | 37 | 44 | 90 | 112 | 147 | 160 | 183 | 220 | 238 | |
| CWIP | 2 | 1 | 1 | 0 | 25 | 17 | 29 | 4 | 15 | 27 | 23 | 17 |
| Investments | 1 | 1 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 9 | 24 |
| 50 | 51 | 61 | 106 | 131 | 107 | 109 | 155 | 151 | 182 | 253 | 271 | |
| Total Assets | 87 | 89 | 106 | 151 | 208 | 223 | 258 | 314 | 334 | 401 | 506 | 550 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 | 14 | 6 | 11 | 10 | 18 | 36 | 19 | 33 | 43 | 55 | 54 | |
| -12 | -3 | -3 | -2 | -76 | -7 | -27 | -19 | -24 | -42 | -43 | -41 | |
| 5 | -10 | -1 | 22 | 43 | -3 | -1 | 0 | -7 | -3 | -2 | -24 | |
| Net Cash Flow | -0 | 1 | 2 | 31 | -23 | 8 | 7 | -0 | 2 | -2 | 10 | -10 |
| Free Cash Flow | -6 | 11 | 10 | 9 | -26 | -24 | 1 | -5 | 3 | -1 | 13 | 31 |
| CFO/OP | 61% | 86% | 53% | 60% | 71% | 90% | 151% | 61% | 107% | 101% | 99% | 88% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 64 | 55 | 62 | 68 | 60 | 57 | 62 | 42 | 30 | 36 | 47 | 39 |
| Inventory Days | 62 | 54 | 50 | 41 | 48 | 78 | 116 | 84 | 76 | 92 | 94 | 87 |
| Days Payable | 48 | 27 | 25 | 22 | 26 | 28 | 33 | 23 | 16 | 19 | 19 | 26 |
| Cash Conversion Cycle | 78 | 82 | 87 | 88 | 82 | 108 | 144 | 103 | 90 | 109 | 122 | 101 |
| Working Capital Days | 2 | 7 | 17 | 30 | 41 | 63 | 63 | 46 | 37 | 36 | 32 | 25 |
| ROCE % | 28% | 25% | 26% | 20% | 14% | 11% | 15% | 10% | 12% | 14% | 13% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Installed Capacity - Aluminium Atomized Powder MTPA |
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| Installed Capacity - Aluminium Conductors/Cables MTPA |
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| Installed Capacity - Aluminium Pyro & Flakes Powder MTPA |
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| Electricity Consumption - Purchased Lakh Units |
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| Installed Capacity - Aluminium Foils (Rolling Mill Section) MTPA |
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| Market Share - Core Powder Applications % |
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Extracted by Screener AI
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
30 May 2026 - MMP Industries held Q4/FY26 earnings call; FY26 revenue rose 19% to ₹825.3 crore, PAT ₹31 crore.
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Analysts/Institutional Investor Meet/Con. Call Updates
25 May 2026 - Earnings conference call recording for 25 May 2026 is available on MMP Industries' website.
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Copy of Newspaper Publication
25 May 2026 - Audited Q4 and FY2026 financial results published in newspapers on 26 May 2026.
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Investor Presentation
25 May 2026 - MMP Industries released Q4 and FY26 investor presentation; revenue rose 19% to Rs 824 crore.
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Press Release
23 May 2026 - MMP Industries reported FY26 revenue ₹8,253 Mn, PAT ₹310 Mn; Q4 revenue rose 12%, PAT 66%.
Annual reports
Concalls
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May 2026Transcript PPT
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Feb 2026TranscriptAI SummaryPPT
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Nov 2025TranscriptAI SummaryPPT
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Aug 2025TranscriptAI SummaryPPT
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May 2025TranscriptAI SummaryPPT
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Feb 2025TranscriptAI SummaryPPT
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Nov 2024TranscriptAI SummaryPPT
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Jul 2024TranscriptAI SummaryPPT
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May 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Jul 2023TranscriptAI SummaryPPT
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Jul 2023TranscriptAI SummaryPPT
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May 2023TranscriptAI SummaryPPT
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
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Jul 2022TranscriptPPT
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Jul 2022TranscriptPPT
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Jun 2022TranscriptAI SummaryPPT
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Feb 2022TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
Business Overview:[1]
MMPIL manufactures aluminium powders, aluminium foils, aluminium conductors/cables, and polymer insulators. It is associated with Toyo Aluminium K.K. Japan, which helps provide technological support. The company also has a strategic partnership with AVL Metal Powders, Belgium for transferring metal powder manufacturing to MMP for export markets