MarketFriction

MMP Industries Ltd

NSE MMP · Aluminium
₹449.60 -5.32%
NSE close2026-10-01
52 week range185.20 - 498.00
Market cap₹1,137 Cr.
P/E25.5
IPO 2018 · +139% since Price band 20% Delivery 38.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales126141160156145168223183188203250233
Expenses119128146138134152205171175186228212
Operating Profit71314171117181313182221
OPM %6%9%9%11%8%10%8%7%7%9%9%9%
Other Income2232221-1523103
Interest222233333443
Depreciation222223333333
Profit before tax611131581414-89142517
Tax %19%21%21%23%29%22%24%-30%21%21%27%21%
Net Profit59101161111-57111814
EPS in Rs1.843.523.944.462.304.274.28-2.132.764.507.085.39
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales180203243261242231448538579692824873
Expenses161182213231215205406503532628759800
Operating Profit192130292726423546646573
OPM %11%10%12%11%11%11%9%7%8%9%8%8%
Other Income1516335397-118
Interest744322447101314
Depreciation222235678101112
Profit before tax122024302422372740514065
Tax %34%28%37%26%24%22%22%22%21%24%23%
Net Profit91719231917292132393150
EPS in Rs7.1613.8810.188.907.316.8711.418.3912.4615.3112.2119.73
Dividend Payout %-0%-0%-0%-0%-0%15%9%12%12%10%16%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth16%29%15%21%
Compounded Profit Growth16%17%22%13%
Stock Price CAGR%24%22%63%
Return on Equity12%12%12%12%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital888121725252525252525
Reserves15264689157165184213232264298321
Borrowings43394138231730525893156185
Other Liabilities212119242527334543536994
Total Liabilities8795114163221234272335358435549625
Fixed Assets343737374490112147160183223250
CWIP2110251729415272838
Investments1716202119222932424854
Other Assets505161106131107109155151182250282
Total Assets8795114163221234272335358435549625
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity61414141018361933435753
Cash from Investing Activity-12-3-11-6-76-7-27-19-24-42-51-55
Cash from Financing Activity5-10-12243-3-10-7-35-7
Net Cash Flow-01231-2387-02-211-9
Free Cash Flow-6111812-26-24133-164
CFO/OP59%86%92%73%71%92%151%61%107%101%102%91%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days645562686057624230364739
Inventory Days6254494048781168476929590
Days Payable482724212628332316191926
Cash Conversion Cycle788286878210814410390109123103
Working Capital Days2717304163634637363023
ROCE %26%23%24%20%13%11%15%10%13%14%13%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.48%74.48%74.48%74.48%74.48%74.48%74.48%74.48%74.48%74.48%74.48%74.49%
FIIs6.05%5.96%5.07%5.07%0.00%0.03%0.02%0.07%0.00%0.01%0.02%0.02%
DIIs0.47%0.47%0.47%0.47%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public19.00%19.08%19.97%19.97%25.51%25.49%25.49%25.45%25.52%25.51%25.50%25.49%
No. of Shareholders4,4835,0047,8747,7029,9919,6059,37410,32610,73110,94010,75011,202

Fundamentals

Market Cap₹ 1,137 Cr.
Current Price₹ 448
Stock P/E25.5
Book Value₹ 136
ROCE12.6 %
ROE11.6 %
Dividend Yield0.45 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)21%
Compounded Profit Growth (TTM)13%
Consolidated figures.
Valuation
Market capRs 1,142 Cr
Enterprise valueRs 1,325 Cr
P/E (TTM)22.79x
Price to book3.30x
Price to sales1.31x
EV / EBITDA14.56x
EV / EBIT16.70x
EV / sales1.52x
Price to cash flow21.43x
Earnings yield4.39%
Dividend yield0.44%
P/E, 3-year average17.61x
P/B, 3-year average1.89x
P/E, 5-year average16.71x
P/B, 5-year average1.77x
Profitability
Operating margin (excl. other income)7.92%
Operating margin (incl. other income)7.86%
EBITDA margin10.42%
Pre-tax margin7.47%
Net profit margin5.74%
Net margin, latest quarter5.89%
ROE9.26%
ROCE10.57%
ROA5.28%
ROE, 3-year average11.18%
ROCE, 3-year average12.74%
ROA, 3-year average7.05%
ROE, 5-year average11.03%
ROCE, 5-year average12.83%
ROA, 5-year average7.37%
ROIC (approx.)11.61%
Tax rate22.61%
Other income / net worth-0.15%
Growth
Sales growth (latest year)19.10%
Profit growth (latest year)-20.24%
Sales CAGR, 3 years15.25%
Sales CAGR, 5 years28.99%
Profit CAGR, 3 years13.30%
Profit CAGR, 5 years12.19%
Sales growth QoQ-6.84%
Profit growth QoQ-23.85%
Sales growth YoY (latest quarter)26.90%
Per share
EPS (TTM)Rs 19.73
EPS (latest year)Rs 12.21
EPS (latest quarter)Rs 5.39
EPS, 3-year averageRs 13.32
EPS, 5-year averageRs 11.95
Book value per shareRs 136.41
Sales per shareRs 343.79
Cash flow per shareRs 20.98
Free cash flow per shareRs 1.57
Dividend per share (latest year)Rs 2.00
Dividend per share, 3-year averageRs 1.67
Dividend per share, 5-year averageRs 1.40
Dividends
Dividend payout16.38%
Dividend payout, 3-year average12.74%
Dividend payout, 5-year average11.78%
Efficiency
Asset turnover1.32x
Fixed asset turnover3.29x
Inventory turnover4.38x
Inventory days83 days
Debtor days39 days
Debtors turnover9.27x
Creditor days26 days
Cash conversion cycle103 days
Working capital days23 days
Leverage
Total debtRs 185 Cr
Cash and bankRs 2 Cr
Net debtRs 183 Cr
Debt to equity0.53x
Net debt / EBITDA2.01x
Interest coverage5.63x
Current ratio (filing 2026-03-31)1.26x
Quick ratio (filing 2026-03-31)0.51x
Trade payables (filing 2026-03-31)Rs 46 Cr
Owners' fund to total sources55.45%
Debt to assets29.53%
Cash flow
Cash from Operating Activity (latest year)Rs 53 Cr
Cash from Investing Activity (latest year)Rs -55 Cr
Cash from Financing Activity (latest year)Rs -7 Cr
Net Cash Flow (latest year)Rs -9 Cr
Free cash flow (latest year)Rs 4 Cr
FCFE (approx.: FCF + change in debt)Rs 32 Cr
Cash from ops / profit, 5 years1.35x
Sales to cash flow15.46x
Statement figures
Net sales (TTM)Rs 873 Cr
Net sales (latest year)Rs 824 Cr
Sales (latest quarter)Rs 233 Cr
Operating profit excl. other income (latest year)Rs 65 Cr
Operating profit (latest quarter)Rs 21 Cr
Other income (TTM)Rs 18 Cr
EBITDA (TTM)Rs 91 Cr
PBDT (TTM)Rs 77 Cr
Profit before tax (TTM)Rs 65 Cr
Tax (latest year)Rs 9 Cr
Net profit (TTM)Rs 50 Cr
Net profit (latest year)Rs 31 Cr
Net profit (latest quarter)Rs 14 Cr
Depreciation (TTM)Rs 12 Cr
Depreciation (latest quarter)Rs 3 Cr
Interest (TTM)Rs 14 Cr
Cost of goods sold (latest year)Rs 693 Cr
Total expenditure (latest year)Rs 759 Cr
Total income (latest year)Rs 823 Cr
Share capitalRs 25 Cr
ReservesRs 321 Cr
Shareholders' fundsRs 347 Cr
Total assetsRs 625 Cr
Net blockRs 250 Cr
Capital work in progressRs 38 Cr
InvestmentsRs 54 Cr
ReceivablesRs 89 Cr
InventoryRs 158 Cr
Other liabilitiesRs 94 Cr
Shares outstanding (crore)2.54
Ownership
Promoter holding74.49% (+0.01 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 22.8 is at the 50th percentile of its own 8.6-year range (median 22.4, low 5.3, high 34.4).
P/B 3.30 is at the 83th percentile (median 2.09).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodMMPNifty 50Difference
1 week-1.0%-2.8% +1.8 pts
1 month+17.3%-6.8% +24.1 pts
3 months+62.2%-7.6% +69.8 pts
6 months+137.7%+0.4% +137.3 pts
1 year+57.0%-9.9% +66.9 pts
2 years+12.5%-13.6% +26.0 pts
3 years+81.1%+14.2% +67.0 pts
5 years+202.5%+27.9% +174.6 pts

Red flags

F-score 5 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹233 Cr +27.3% vs Jun 2025. Net profit ₹14 Cr +380.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-04Dividend - Rs 2 Per Share
2025-09-01Dividend - Rs 2 Per Share
2024-08-19Annual General Meeting/Dividend - Rs 1.50 Per Share
2023-08-18Annual General Meeting/ Dividend - Re 1 Per Share
2022-08-18Annual General Meeting/Dividend - Re 1 Per Share
2021-09-02 Dividend - Re 1 Per Share
2020-07-30 Annual General Meeting
DateTypeWhat it says
2026-09-27Concall / analyst meetSchedule of meet
2026-09-12Shareholder meetingVoting results.
2026-09-12Shareholder meetingProceedings of Annual General Meeting held on September 12, 2026
2026-08-21Press ReleaseA press release dated August 21, 2026, titled "MMP Industries Limited Receives Export Order Worth US$100,000 from Venezuela".
2026-08-18Shareholder meetingNotice of Annual General Meeting to be held on September 12, 2026
2026-08-18Record DateRecord date for the purpose of Dividend is 05-Sep-2026.
2026-08-14UpdatesOutcome of Board Meeting 10.08.2026 in Machine readable Format.
2026-08-13Press ReleaseA press release dated August 10, 2026, titled "Investor Presentation for Q1FY 27 June, 2026 ".
2026-08-10Press ReleaseA press release dated August 10, 2026, titled "Financial Results for Q1 FY27".
2026-08-10Board meeting outcomeMMP Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-07Press ReleaseA press release dated July 07, 2026, titled "MMP Industries Limited Production Commencement of Low Tension Power Cables".
2026-06-27Board meeting outcomeOutcome of Board Meeting held on Jun 27, 2026.
2026-06-23Clarification - Financial ReThe Exchange has sought clarification from MMP Industries Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing...
2026-06-12Disclosure under SEBI TakeovMMP Industries Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substa...
2026-05-30Concall / analyst meetTranscript
2026-05-25Concall / analyst meetLink of Recording
2026-05-25Investor PresentationInvestor Presentation
2026-05-23Press ReleaseA press release dated May 23, 2026, titled "Investors Press Release for the Audited Financial Results of the Company for the Quarter and Year (Q-4)/FY...
2026-05-23Board meeting outcomeMMP Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-20Concall / analyst meetSchedule of meet
2026-04-30Credit RatingCredit Rating
2026-03-27Board meeting outcomeOutcome of Board Meeting held on March 27, 2026.
2026-03-06Concall / analyst meetSchedule of meet
2026-03-05Clarification - Financial ReThe Exchange has sought clarification from MMP Industries Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (Listing...
2026-02-16Press ReleaseA press release dated February 13, 2026, titled "MMP Industries Limited- Investor Presentation Dec 2025".
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Close to Close price movement greater than 50perc in previous 3 monthsClose to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 75perc in previous 3 months
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03