MMP

MMP Industries Limited

Aluminium products including powders, foils and conductors

Commodities›Metals & Mining›Non - Ferrous Metals›Aluminium

mmpil.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹478.30
Market cap
1,216 Cr
Stock P/E
24.2
P/B
3.51
Dividend yield
0.2%
ROE (FY26)
8.9%
ROCE (FY26)
10.1%
Operating margin (FY26)
6.5%
Debt / equity (FY26)
0.53
OCF / EBITDA (FY26)
73.7%
OCF / EBITDA (3Y)
77.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

MMP Industries (MMP) makes aluminium powders, foils and conductors/cables at plants in and around Nagpur, selling to explosives, autoclaved aerated concrete (AAC) block, pesticide, packaging and power-line customers.

Company snapshot

5thBy market cap

Ranked among 7 companies in Aluminium.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 66.1% of revenue

SegmentRevenue shareRevenuePBTAssets
Aluminium Conductor
12.7%
59 Cr5 Cr—
Aluminium Foil
20.8%
97 Cr1 Cr—
Aluminium Powder & Paste
66.1%
310 Cr40 Cr—
Other
0.4%
2 Cr1 Cr—
Other Unallocated
0.2%
1 Cr0 Cr—

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales126 Cr141 Cr160 Cr156 Cr145 Cr168 Cr223 Cr183 Cr188 Cr203 Cr250 Cr233 Cr
Operating expenses (approx.)119 Cr128 Cr146 Cr138 Cr134 Cr152 Cr205 Cr171 Cr175 Cr186 Cr228 Cr212 Cr
EBITDA7 Cr13 Cr14 Cr17 Cr11 Cr17 Cr19 Cr13 Cr13 Cr18 Cr22 Cr21 Cr
OPM %5.9%9.3%8.8%11.2%7.8%9.9%8.3%7.0%6.8%8.7%8.7%8.9%
Other income0.76 Cr0.15 Cr0.29 Cr0.11 Cr0.58 Cr0.36 Cr0.0057 Cr0.36 Cr0.54 Cr0.55 Cr-0.12 Cr0.18 Cr
Interest2 Cr2 Cr2 Cr2 Cr3 Cr3 Cr3 Cr3 Cr3 Cr4 Cr4 Cr3 Cr
Depreciation2 Cr2 Cr2 Cr2 Cr2 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr
Profit before tax6 Cr11 Cr13 Cr15 Cr8 Cr14 Cr14 Cr-8 Cr9 Cr14 Cr25 Cr17 Cr
Tax %19.2%20.7%21.3%22.9%29.0%21.8%24.2%30.3%21.0%20.4%26.8%21.3%
Net profit5 Cr9 Cr10 Cr11 Cr6 Cr11 Cr11 Cr-5 Cr7 Cr12 Cr18 Cr14 Cr
EPS (₹)₹1.84₹3.52₹3.94₹4.46₹2.29₹4.27₹4.28₹-2.13₹2.76₹4.50₹7.08₹5.39

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales261 Cr242 Cr231 Cr448 Cr538 Cr579 Cr692 Cr824 CrSign in free for the trailing twelve months
Operating expenses (approx.)231 Cr214 Cr205 Cr406 Cr503 Cr532 Cr628 Cr759 CrSign in free for the trailing twelve months
EBITDA29 Cr28 Cr26 Cr42 Cr35 Cr46 Cr64 Cr65 CrSign in free for the trailing twelve months
OPM %11.2%11.4%11.3%9.4%6.6%8.0%9.2%7.9%Sign in free for the trailing twelve months
Other income4 Cr3 Cr1 Cr0.47 Cr0.59 Cr1 Cr1 Cr1 CrSign in free for the trailing twelve months
Interest3 Cr2 Cr2 Cr4 Cr4 Cr7 Cr10 Cr13 CrSign in free for the trailing twelve months
Depreciation2 Cr3 Cr5 Cr6 Cr7 Cr8 Cr10 Cr11 CrSign in free for the trailing twelve months
Profit before tax30 Cr24 Cr22 Cr37 Cr27 Cr40 Cr51 Cr40 CrSign in free for the trailing twelve months
Tax %25.8%24.0%22.4%21.8%22.1%20.8%23.9%22.6%Sign in free for the trailing twelve months
Net profit23 Cr19 Cr17 Cr29 Cr21 Cr32 Cr39 Cr31 CrSign in free for the trailing twelve months
EPS (₹)₹8.90₹7.31₹6.87₹11.41₹8.39₹12.46₹15.30₹12.21Sign in free for the trailing twelve months
Dividend payout %——0.0%8.8%11.9%8.0%-9.8%-16.4%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital17 Cr25 Cr25 Cr25 Cr25 Cr25 Cr25 Cr25 Cr
Reserves157 Cr165 Cr184 Cr213 Cr232 Cr264 Cr298 Cr321 Cr
Borrowings21 Cr17 Cr30 Cr52 Cr58 Cr93 Cr156 Cr185 Cr
Other liabilities27 Cr27 Cr33 Cr45 Cr43 Cr53 Cr69 Cr94 Cr
Total liabilities221 Cr234 Cr272 Cr335 Cr358 Cr435 Cr549 Cr625 Cr
Fixed assets (net)44 Cr89 Cr111 Cr146 Cr159 Cr183 Cr223 Cr250 Cr
CWIP24 Cr17 Cr29 Cr4 Cr15 Cr27 Cr28 Cr38 Cr
Investments21 Cr19 Cr22 Cr29 Cr32 Cr42 Cr48 Cr63 Cr
Loans & advances————0 Cr0.15 Cr0.16 Cr0.25 Cr
Inventories24 Cr35 Cr50 Cr77 Cr86 Cr111 Cr135 Cr158 Cr
Trade receivables43 Cr38 Cr39 Cr52 Cr45 Cr57 Cr90 Cr89 Cr
Cash & bank4 Cr4 Cr0.39 Cr0.22 Cr2 Cr0.37 Cr11 Cr2 Cr
Other assets61 Cr31 Cr21 Cr27 Cr19 Cr14 Cr15 Cr24 Cr
Total assets221 Cr234 Cr272 Cr335 Cr358 Cr435 Cr549 Cr625 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity10 Cr18 Cr20 Cr19 Cr33 Cr11 Cr76 Cr48 Cr
Cash from investing-76 Cr-7 Cr36 Cr-19 Cr-24 Cr32 Cr61 Cr27 Cr
Cash from financing43 Cr-3 Cr-1 Cr0.35 Cr-7 Cr18 Cr37 Cr25 Cr
Net cash flow-23 Cr8 Cr54 Cr-0.17 Cr2 Cr62 Cr185 Cr100 Cr
Free cash flow (OCF − Capex)-26 Cr-25 Cr20 Cr-23 Cr3 Cr11 Cr75 Cr48 Cr

Ratios

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %17.1%12.9%10.1%14.0%10.1%12.2%12.8%10.1%
ROE %13.0%9.7%8.3%12.2%8.3%10.9%12.0%8.9%
Debtor days6057624230364739
Inventory days46721038071878887
Days payable2532302214201825
Cash conversion cycle809713510086104118101
OCF / EBITDA %35.6%65.4%75.3%45.2%93.1%24.7%118.6%73.7%
OCF / EBITDA % (3 years)——58.0%59.2%69.2%51.2%82.5%77.1%
Debt / equity0.120.090.140.220.220.320.480.53
Current ratio2.812.611.841.711.701.481.391.26
Net debt / EBITDA0.58———1.572.012.282.81