MMP Industries Ltd

MMP Industries Ltd

₹ 299 1.29%
26 Apr - close price
About

MMP Industries Ltd is engaged in manufacturing of aluminium power/ pastes, aluminium conductors and aluminium foils.[1]

Key Points

Product Portfolio
The Co. is engaged in manufacturing various aluminium products. Its product range includes pyro and flake aluminium powders, atomised aluminium powders, aluminium foils, aluminium pastes, aluminium conductors & cables. [1]

  • Market Cap 760 Cr.
  • Current Price 299
  • High / Low 310 / 164
  • Stock P/E 33.0
  • Book Value 91.7
  • Dividend Yield 0.33 %
  • ROCE 10.3 %
  • ROE 8.20 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 44.7 to 30.2 days.

Cons

  • Stock is trading at 3.26 times its book value
  • Company has a low return on equity of 9.48% over last 3 years.
  • Dividend payout has been low at 13.4% of profits 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
66.11 77.25 86.13 92.41 116.36 153.36 148.19 118.90 127.68 143.52 151.43 126.07 140.87
58.08 68.62 77.98 82.37 106.66 139.30 141.15 111.75 117.72 132.40 139.88 118.69 127.70
Operating Profit 8.03 8.63 8.15 10.04 9.70 14.06 7.04 7.15 9.96 11.12 11.55 7.38 13.17
OPM % 12.15% 11.17% 9.46% 10.86% 8.34% 9.17% 4.75% 6.01% 7.80% 7.75% 7.63% 5.85% 9.35%
0.27 0.08 0.13 0.07 0.13 0.14 0.11 0.18 0.23 0.07 0.15 0.76 0.15
Interest 0.35 0.62 0.64 0.84 1.17 0.99 0.94 1.17 1.13 1.23 1.19 1.59 2.03
Depreciation 1.14 1.27 1.35 1.62 1.64 1.71 1.68 1.69 1.75 1.73 1.83 1.89 2.09
Profit before tax 6.81 6.82 6.29 7.65 7.02 11.50 4.53 4.47 7.31 8.23 8.68 4.66 9.20
Tax % 24.82% 23.17% 23.85% 23.66% 23.50% 26.87% 7.95% 41.39% 23.39% 25.64% 25.12% 23.82% 25.33%
5.11 5.25 4.80 5.83 5.36 8.40 4.18 2.62 5.59 6.11 6.50 3.55 6.86
EPS in Rs 2.01 2.07 1.89 2.30 2.11 3.31 1.65 1.03 2.20 2.41 2.56 1.40 2.70
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
58 70 157 180 203 243 261 242 231 448 538 562
54 65 144 161 182 213 231 214 205 406 503 519
Operating Profit 4 5 13 19 21 30 29 28 26 42 35 43
OPM % 7% 8% 8% 11% 10% 12% 11% 11% 11% 9% 7% 8%
0 0 0 1 5 1 4 3 1 0 1 1
Interest 2 2 6 7 4 4 3 2 2 4 4 6
Depreciation 1 2 2 2 2 2 2 3 5 6 7 8
Profit before tax 1 1 6 12 20 24 28 25 21 32 25 31
Tax % 38% 36% 35% 34% 28% 37% 28% 23% 24% 25% 25%
1 1 4 8 14 15 21 19 16 24 18 23
EPS in Rs 0.66 0.76 2.99 6.27 11.69 8.22 8.09 7.59 6.21 9.60 7.28 9.07
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 16% 10% 14%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 31%
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: 4%
3 Years: -2%
TTM: 11%
Stock Price CAGR
10 Years: %
5 Years: 18%
3 Years: 48%
1 Year: 60%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 9%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 8 8 8 8 8 12 17 25 25 25 25
Reserves 6 7 13 21 38 77 143 154 170 192 207
21 29 43 39 41 38 23 17 30 52 58
9 11 23 21 19 24 25 27 33 45 43
Total Liabilities 44 55 87 89 106 151 208 223 258 314 334
13 19 34 37 37 37 44 90 112 147 160
CWIP 1 2 2 1 1 0 25 17 29 4 15
Investments 2 1 1 1 8 8 8 8 8 8 8
29 33 50 51 61 106 131 107 109 155 151
Total Assets 44 55 87 89 106 151 208 223 258 314 334

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6 14 6 11 10 18 36 19 33
-12 -3 -3 -2 -76 -7 -27 -19 -24
5 -10 -1 22 43 -3 -1 0 -7
Net Cash Flow -0 1 2 31 -23 8 7 -0 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 84 77 64 55 62 68 60 57 62 42 30
Inventory Days 111 127 62 54 50 41 48 78 116 84 76
Days Payable 54 54 48 27 25 22 26 28 33 23 15
Cash Conversion Cycle 141 150 78 82 87 88 82 108 144 103 90
Working Capital Days 133 113 66 64 74 76 69 88 109 83 72
ROCE % 10% 28% 25% 26% 20% 14% 11% 15% 10%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.48% 74.48% 74.48% 74.48% 74.48% 74.48% 74.48% 74.48% 74.48% 74.48% 74.48% 74.48%
0.00% 0.00% 0.00% 0.00% 0.00% 7.14% 7.14% 7.14% 7.19% 6.05% 5.96% 5.07%
9.27% 8.81% 8.51% 8.05% 8.05% 0.91% 0.91% 0.91% 0.67% 0.47% 0.47% 0.47%
16.25% 16.71% 17.01% 17.48% 17.48% 17.47% 17.47% 17.47% 17.65% 19.00% 19.08% 19.97%
No. of Shareholders 2,4374,5904,3725,2706,2265,8406,0555,8645,1964,4835,0047,874

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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