MMP Industries Ltd.

MMP

₹254.11

0.64% (1.62)

Market Cap

₹646 Cr.

P/E

16.60

About

MMP Industries, formerly known as Maharashtra Metal Powders, specializes in producing Aluminium powders and pastes for global distribution. They have invested significantly in research and offer a wid… Read more

MMP Industries, formerly known as Maharashtra Metal Powders, specializes in producing Aluminiu… Read more

Low

218

52W Range

High

458

Timeline

Key company specific updates

Company Timeline

Custom financial statementNew

Edit rows

In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Balance sheet
Net Block	36.75	36.66	37.22	43.85	89.74	112	147	160	183	223
Shareholders Funds	37.20	54.54	102	173	191	209	238	257	289	323
Profit & Loss
Operating Profit	19.55	20.79	29.54	29.17	27.64	26.01	41.93	35.26	46.22	63.83
Net Sales	181	203	243	261	242	231	448	538	579	692
Cash flow
Cash from Operating Activity	14.21	14.41	14.47	10.38	18.08	35.87	18.96	32.83	42.75	56.79
Net Capex (est)	3.36	-3.44	2.30	33.34	41.69	26.77	41.55	19.49	30.78	49.74
Ratios
ROCE (%)	37.62	29.54	25.09	17.42	13.87	10.33	14.15	10.36	12.47	—
ROE (%)	24.84	31.56	18.75	13.03	9.74	8.35	12.18	8.29	10.95	—

Forensics

11 Yes

Positive for this company

1 Neutral

Neutral for this company

5 No

Negative for this company

0 No Data

Insufficient data to analyse

Accounting & Shareholding

Contingent Liabilities

Company does not have significant contingent liabilities
Depreciation Effect

Depreciation accounting is not leading to increase in profits
Other Income

Other income is not affecting ratios of the company
Pledge

Promoters have not pledged a significant portion of their holding
Retail Holding

Retail has been selling the stock which is usually a good time to buy
Revenue Recognition

Company is converting accounting profit to cash
Promoter Holding

Promoter has not sold any shares in the last 90 days

Price & Performance

Capex vs ROCE

Company has maintained it roce despite making significant capex
Working Capital

Working capital of the company seems to be under control
Debt

Company should not have issues servicing its debt
Sales Growth

Sales of the company has grown at a good pace
Balance Sheet Strength

Balance sheet of the company is strong. it shouldnt have solvency or liquidity issues
Current vs Historic Valuation

Company is trading at a premium to 3yr historic valuations
ROE

Roe has decreased vs 10 year trend
Share price

Share price has increased over last 10 years but more due to rerating
Margin Stability

Margins of the company are volatile
ROCE Strength

Roce of the company is not consistently strong

Market Share

60 %

(as of Mar 18)

Source/Historic

Aluminum Powder for Explosives - Market Share

Revenue mix

Product Wise Break-Up

Location Wise Break-Up

Operating Profit Break-Up

Capex

Asset Break-Up

Operational Metrics

Capacity Utilization - Aluminum Powder (%)

MMP Industries Ltd.

Capacity Utilization - Aluminum Powder (%)
Source
Capacity Utilization - Aluminum Paste (%)
Source
Capacity Utilization - Aluminum Conductor (%)
Source
Manufacuring Capacity - Aluminum Powder (MTPA)
Source
Manufacuring Capacity - Aluminum Paste (MTPA)
Source
Capex as a % of Total Sales (%)
Source

Peer Comparison

Peer Name	Latest Price	PE	Market cap(Cr)	Prom Holding(%)	YoY Qtly Sales(%)	ROCE (%)	ROE (%)
MMP Industries	254.11	16.6	646	74.48	39.31	12.47	10.95
Arfin India	24.22	44.97	412	69.79	12.11	22.4	8.53
Euro Panel Products	165	21.93	404	63.38	—	21.51	12.72
PG Foils	275.9	10.14	321	50.98	122.45	7.7	5.42
Manaksia Aluminium	26.65	30.24	183	72.86	16.45	16.07	3.92
Sacheta Metals	4.57	27.2	57	55.48	45.62	7.46	3.89
National Aluminium	185.68	6.48	34,125	51.28	47.19	14.78	13.82
Hindalco	641.8	9.01	1,44,171	34.64	15.89	10.41	9.57

Corporate Actions

Consolidated BonusDividend

DATE

DETAILS

2024, Aug 19

Dividend Dividend of Rs.1.5 per share

2023, Aug 18

Dividend Dividend of Rs.1 per share

2022, Aug 18

Dividend Dividend of Rs.1 per share

2021, Sep 02

Dividend Dividend of Rs.1 per share

2019, Dec 30

Bonus 1 bonus shares for every 2 held. Bonus shares should be credited within 3 days after the ex-date.

Customers

Asian Paints Ltd.
JK Lakshmi Cement Ltd.
Kansai Nerolac Paints Ltd.
Shalimar Paints Ltd.
Shree Cement Ltd.

FAQs on MMP Industries Ltd. Business

What does MMP Industries do?

MMP Industries, formerly known as Maharashtra Metal Powders, is a global player in the Aluminium powders and pastes industry. They have developed various grades of products exported worldwide and specialized in offering products for the Construction Industry.

Who are the competitors of MMP Industries?

MMP Industries major competitors are Arfin India, Euro Panel Products, PG Foils, Manaksia Aluminium, Sacheta Metals, National Aluminium, Hindalco.
Market Cap of MMP Industries is ₹646 Crs.
While the median market cap of its peers are ₹404 Crs.

Is MMP Industries financially stable compared to its competitors?

MMP Industries seems to be financially stable compared to its competitors.
The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.

View FAQ's On Shareprice

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Company Filing

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Annual Report	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10
Earnings Release			Mar Jun Sep	Sep Dec
Investor Presentation		Mar Jun	Mar Jun Sep Dec	Mar Sep Dec	Jun Dec			Dec
Conference Call
Conference Call SummaryCon Call Summary Powered by Gemini

Discussions & Analysis

MMP Industries Ltd.

View the discussion on ValuePickr

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MMP Industries Ltd.

MMP Industries Ltd.

About

Timeline

Company Timeline

11 Yes

1 Neutral

5 No

0 No Data

Accounting & Shareholding

Contingent Liabilities

Depreciation Effect

Other Income

Pledge

Retail Holding

Revenue Recognition

Promoter Holding

Price & Performance

Capex vs ROCE

Working Capital

Debt

Sales Growth

Balance Sheet Strength

Current vs Historic Valuation

ROE

Share price

Margin Stability

ROCE Strength

Product Wise Break-Up

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Location Wise Break-Up

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Operating Profit Break-Up

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Capex

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Asset Break-Up

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Capacity Utilization - Aluminum Powder (%)

Capacity Utilization - Aluminum Powder (%)

What does MMP Industries do?

Who are the competitors of MMP Industries?

Is MMP Industries financially stable compared to its competitors?

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