MMP Industries Limited manufactures and sells aluminum products in India.
Flawless balance sheet with acceptable track record.
Share Price & News
How has MMP Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MMP has not had significant price volatility in the past 3 months.
7 Day Return
IN Metals and Mining
1 Year Return
IN Metals and Mining
Return vs Industry: MMP underperformed the Indian Metals and Mining industry which returned -2.9% over the past year.
Return vs Market: MMP underperformed the Indian Market which returned 11.1% over the past year.
Price Volatility Vs. Market
How volatile is MMP Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall StWe Think MMP Industries (NSE:MMP) Can Stay On Top Of Its Debt
1 month ago | Simply Wall StAre Insiders Buying MMP Industries Limited (NSE:MMP) Stock?
1 month ago | Simply Wall StWe're Not Counting On MMP Industries (NSE:MMP) To Sustain Its Statutory Profitability
Is MMP Industries undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MMP (₹100.9) is trading above our estimate of fair value (₹75.29)
Significantly Below Fair Value: MMP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MMP is poor value based on its PE Ratio (10.8x) compared to the Metals and Mining industry average (9.8x).
PE vs Market: MMP is good value based on its PE Ratio (10.8x) compared to the Indian market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MMP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MMP is overvalued based on its PB Ratio (1.2x) compared to the IN Metals and Mining industry average (0.8x).
How is MMP Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as MMP Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine MMP Industries's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- MMP Industries competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has MMP Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MMP has a high level of non-cash earnings.
Growing Profit Margin: MMP's current net profit margins (8.6%) are higher than last year (8.6%).
Past Earnings Growth Analysis
Earnings Trend: MMP's earnings have grown significantly by 24.3% per year over the past 5 years.
Accelerating Growth: MMP's earnings growth over the past year (4.7%) is below its 5-year average (24.3% per year).
Earnings vs Industry: MMP earnings growth over the past year (4.7%) exceeded the Metals and Mining industry -7%.
Return on Equity
High ROE: MMP's Return on Equity (12%) is considered low.
Return on Assets
Return on Capital Employed
How is MMP Industries's financial position?
Financial Position Analysis
Short Term Liabilities: MMP's short term assets (₹1.2B) exceed its short term liabilities (₹391.3M).
Long Term Liabilities: MMP's short term assets (₹1.2B) exceed its long term liabilities (₹75.9M).
Debt to Equity History and Analysis
Debt Level: MMP's debt to equity ratio (8.6%) is considered satisfactory.
Reducing Debt: MMP's debt to equity ratio has reduced from 170.8% to 8.6% over the past 5 years.
Debt Coverage: MMP's debt is well covered by operating cash flow (169.3%).
Interest Coverage: MMP earns more interest than it pays, so coverage of interest payments is not a concern.
Inventory Level: MMP has a high level of physical assets or inventory.
Debt Coverage by Assets: MMP's debt is covered by short term assets (assets are 7.2x debt).
What is MMP Industries's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate MMP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate MMP's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MMP's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MMP's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MMP's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Arun Raghuveer Bhandari (64yo)
Mr. Arun Raghuveer Raj Bhandari serves as Chairman & Managing Director of MMP Industries Limited and also has been Director of February 5, 1981. Mr. Bhandari has experience of about 36 years in the manufac ...
CEO Compensation Analysis
Compensation vs Market: Arun Raghuveer's total compensation ($USD0.00) is below average for companies of similar size in the Indian market ($USD50.25K).
Compensation vs Earnings: Insufficient data to compare Arun Raghuveer's compensation with company performance.
|Chairman & Managing Director||0yrs||no data||50.6% ₹1.3b|
|Whole-Time Director||11.5yrs||no data||no data|
|Whole-Time Director||0yrs||no data||no data|
|Non-Executive Independent Director||1.8yrs||₹40.00k||no data|
|Non-Executive Independent Director||1.8yrs||₹40.00k||no data|
|Non-Executive Independent Director||4.5yrs||₹31.50k||no data|
|Non-Executive Independent Director||5.4yrs||₹43.50k||no data|
|Non-Executive Independent Director||2.5yrs||₹35.00k||no data|
Experienced Board: MMP's board of directors are considered experienced (3.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.7%.
MMP Industries Limited's company bio, employee growth, exchange listings and data sources
- Name: MMP Industries Limited
- Ticker: MMP
- Exchange: NSEI
- Founded: 1973
- Industry: Aluminum
- Sector: Materials
- Market Cap: ₹2.495b
- Shares outstanding: 25.40m
- Website: https://www.mmpil.com
Number of Employees
- MMP Industries Limited
- B-24, Hingna MIDC Area
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MMP||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Apr 2018|
MMP Industries Limited manufactures and sells aluminum products in India. It operates through Aluminium Powder and Pastes, Aluminium Conductor, and Others segments. The company offers pyro, flake, and atomized aluminum powders primarily for use in various sectors, including construction and mining, agriculture, defense, fire crackers, railways, etc.; aluminum pastes for use in automotive, decorative, and industrial paints; and aluminum conductors used by the power sector. It also provides manganese oxide/dioxide, washers, circlips, and coal products. MMP Industries Limited also exports its products to countries in Europe, the Middle-East, Africa, and the Asia Pacific. The company was formerly known as Maharashtra Metal Powders Limited and changed its name to MMP Industries Limited in June 2012. MMP Industries Limited was incorporated in 1973 and is based in Nagpur, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/18 13:21|
|End of Day Share Price||2020/02/18 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.