MMP Industries Ltd
MMP Industries Ltd is engaged in manufacturing of aluminium power/ pastes, aluminium conductors and aluminium foils.[1]
- Market Cap ₹ 745 Cr.
- Current Price ₹ 293
- High / Low ₹ 310 / 164
- Stock P/E 26.1
- Book Value ₹ 106
- Dividend Yield 0.35 %
- ROCE 10.5 %
- ROE 8.59 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 44.7 to 30.2 days.
Cons
- Stock is trading at 2.77 times its book value
- Company has a low return on equity of 10.1% over last 3 years.
- Dividend payout has been low at 11.7% 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.
Peer comparison
Sector: Non Ferrous Metals Industry: Aluminium and Aluminium Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
157 | 180 | 203 | 243 | 261 | 242 | 231 | 448 | 538 | 562 | |
144 | 161 | 182 | 213 | 231 | 215 | 205 | 406 | 503 | 519 | |
Operating Profit | 13 | 19 | 21 | 30 | 29 | 27 | 26 | 42 | 35 | 43 |
OPM % | 9% | 11% | 10% | 12% | 11% | 11% | 11% | 9% | 7% | 8% |
0 | 1 | 5 | 1 | 6 | 3 | 3 | 5 | 3 | 7 | |
Interest | 6 | 7 | 4 | 4 | 3 | 2 | 2 | 4 | 4 | 6 |
Depreciation | 2 | 2 | 2 | 2 | 2 | 3 | 5 | 6 | 7 | 8 |
Profit before tax | 6 | 12 | 20 | 24 | 30 | 24 | 22 | 37 | 27 | 36 |
Tax % | 37% | 34% | 28% | 37% | 26% | 24% | 22% | 22% | 22% | |
4 | 9 | 17 | 19 | 23 | 19 | 17 | 29 | 21 | 29 | |
EPS in Rs | 3.12 | 7.16 | 13.88 | 10.18 | 8.90 | 7.31 | 6.87 | 11.41 | 8.39 | 11.23 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 15% | 9% | 12% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 17% |
3 Years: | 31% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 2% |
3 Years: | 5% |
TTM: | 21% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 18% |
3 Years: | 52% |
1 Year: | 62% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 11% |
3 Years: | 10% |
Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 8 | 8 | 8 | 12 | 17 | 25 | 25 | 25 | 25 | 25 |
Reserves | 15 | 26 | 46 | 89 | 157 | 165 | 184 | 213 | 232 | 245 |
43 | 39 | 41 | 38 | 23 | 17 | 30 | 52 | 58 | 80 | |
21 | 21 | 19 | 24 | 25 | 27 | 33 | 45 | 43 | 45 | |
Total Liabilities | 87 | 95 | 114 | 163 | 221 | 234 | 272 | 335 | 358 | 396 |
34 | 37 | 37 | 37 | 44 | 90 | 112 | 147 | 160 | 174 | |
CWIP | 2 | 1 | 1 | 0 | 25 | 17 | 29 | 4 | 15 | 9 |
Investments | 1 | 7 | 16 | 20 | 21 | 19 | 22 | 29 | 32 | 38 |
50 | 51 | 61 | 106 | 131 | 107 | 109 | 155 | 151 | 175 | |
Total Assets | 87 | 95 | 114 | 163 | 221 | 234 | 272 | 335 | 358 | 396 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
6 | 14 | 14 | 14 | 10 | 18 | 36 | 19 | 33 | |
-12 | -3 | -11 | -6 | -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
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 64 | 55 | 62 | 68 | 60 | 57 | 62 | 42 | 30 |
Inventory Days | 62 | 54 | 49 | 40 | 48 | 78 | 116 | 84 | 75 |
Days Payable | 48 | 27 | 24 | 21 | 26 | 28 | 33 | 23 | 15 |
Cash Conversion Cycle | 78 | 82 | 86 | 87 | 82 | 108 | 144 | 103 | 90 |
Working Capital Days | 66 | 64 | 74 | 76 | 69 | 88 | 109 | 83 | 72 |
ROCE % | 26% | 23% | 24% | 20% | 13% | 11% | 15% | 10% |
Documents
Announcements
Annual reports
Concalls
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Feb 2024TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Jul 2022TranscriptPPT
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]