NSEI:MMP

Stock Analysis Report

Executive Summary

MMP Industries Limited manufactures and sells aluminum products in India.

Snowflake

Fundamentals

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


Market Performance


7 Day Return

-12.4%

MMP

3.1%

IN Metals and Mining

1.6%

IN Market


1 Year Return

-19.0%

MMP

-31.1%

IN Metals and Mining

0.8%

IN Market

Return vs Industry: MMP exceeded the Indian Metals and Mining industry which returned -31.1% over the past year.

Return vs Market: MMP underperformed the Indian Market which returned 0.8% over the past year.


Shareholder returns

MMPIndustryMarket
7 Day-12.4%3.1%1.6%
30 Day-3.5%-3.4%1.5%
90 Day-0.6%-15.2%-3.3%
1 Year-19.0%-19.0%-28.2%-31.1%2.7%0.8%
3 Yearn/a2.2%-9.3%22.0%16.0%
5 Yearn/a4.5%-12.9%42.3%29.3%

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

Valuation

Is MMP Industries undervalued compared to its fair value and its price relative to the market?

12.03x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate MMP's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate MMP's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MMP is poor value based on its PE Ratio (12x) compared to the Metals and Mining industry average (8.3x).

PE vs Market: MMP is good value based on its PE Ratio (12x) compared to the Indian market (13.1x).


Price to Earnings Growth Ratio

Low 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 (1.5x) compared to the IN Metals and Mining industry average (0.8x).


Next Steps

Future Growth

How is MMP Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MMP's forecast earnings growth (6.3% per year) is below the savings rate (7.6%).

Earnings vs Market: MMP's earnings (6.3% per year) are forecast to grow slower than the Indian market (18.3% per year).

High Growth Earnings: MMP's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if MMP's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if MMP's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if MMP's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has MMP Industries performed over the past 5 years?

35.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MMP's earnings have grown significantly by 35.6% per year over the past 5 years.

Accelerating Growth: MMP's earnings growth over the past year (18.8%) is below its 5-year average (35.6% per year).

Earnings vs Industry: MMP earnings growth over the past year (18.8%) exceeded the Metals and Mining industry 14.3%.


Return on Equity

High ROE: MMP's Return on Equity (12.6%) is considered low.


Return on Assets

ROA vs Industry: MMP has a higher Return on Assets than the Metals and Mining industry average last year.


Return on Capital Employed

ROCE Improving: MMP's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is MMP Industries's financial position?


Financial Position Analysis

Short Term Liabilities: MMP's short term assets (₹1.3B) exceeds its short term liabilities (₹423.8M)

Long Term Liabilities: MMP's short term assets (1.3B) exceeds its long term liabilities (64.6M)


Debt to Equity History and Analysis

Debt Level: MMP's debt to equity ratio (13.1%) is considered satisfactory

Reducing Debt: MMP's debt to equity ratio has reduced from 158.9% to 13.1% over the past 5 years.

Debt Coverage: MMP's debt is well covered by operating cash flow (32.4%).

Interest Coverage: MMP earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

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 5.482410x debt).


Next Steps

Dividend

What is MMP Industries's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.5%industryaverage4.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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.

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.


Next Steps

Management

What is the CEO of MMP Industries's salary, the management and board of directors tenure and is there insider trading?

3.2yrs

Average board tenure


CEO

Arun Raghuveer Bhandari (64yo)

0yrs

Tenure

0

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: Insufficient data to establish whether Arun Raghuveer's total compensation is reasonable compared to companies of similar size in the Indian market.

Compensation vs Earnings: Insufficient data to compare Arun Raghuveer's compensation with company performance.


Board Age and Tenure

3.2yrs

Average Tenure

64yo

Average Age

Experienced Board: MMP's board of directors are considered experienced (3.2 years average tenure).


Insider Trading

Insider Buying: MMP insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy₹198,69330 Aug 19
Arun Raghuveer Bhandari
EntityIndividual
Role
Chief Executive Officer
Chairman & Managing Director
Shares1,200
Max Price₹165.58
Buy₹99,46627 Aug 19
Arun Raghuveer Bhandari
EntityIndividual
Role
Chief Executive Officer
Chairman & Managing Director
Shares600
Max Price₹165.78
Buy₹96,89922 Aug 19
Arun Raghuveer Bhandari
EntityIndividual
Role
Chief Executive Officer
Chairman & Managing Director
Shares600
Max Price₹161.50
Buy₹99,46712 Aug 19
Arun Raghuveer Bhandari
EntityIndividual
Role
Chief Executive Officer
Chairman & Managing Director
Shares600
Max Price₹165.78
Buy₹98,74906 Mar 19
Manisha Khandelwal
EntityIndividual
Shares600
Max Price₹164.58

Ownership Breakdown


Management Team

  • Lalit Bhandari (63yo)

    Whole-Time Director

    • Tenure: 11.2yrs
  • Arun Raghuveer Bhandari (64yo)

    Chairman & Managing Director

    • Tenure: 0yrs
  • Sharad Khandelwal

    Chief Financial Officer

    • Tenure: 0yrs
    • Compensation: ₹2.02m
  • Milind Rao

    Company Secretary & Compliance Officer

    • Tenure: 0yrs
    • Compensation: ₹610.33k
  • Tenneti Murthy (51yo)

    Whole-Time Director

    • Tenure: 0yrs
  • Surendra Rathore

    Works Manager

    • Tenure: 0yrs

Board Members

  • Vijay Bapna (71yo)

    Non-Executive Independent Director

    • Tenure: 1.4yrs
    • Compensation: ₹40.00k
  • Sunil Khanna (64yo)

    Non-Executive Independent Director

    • Tenure: 1.4yrs
    • Compensation: ₹40.00k
  • Lalit Bhandari (63yo)

    Whole-Time Director

    • Tenure: 11.2yrs
  • Arun Raghuveer Bhandari (64yo)

    Chairman & Managing Director

    • Tenure: 0yrs
  • Ajay Gokhale (57yo)

    Non-Executive Independent Director

    • Tenure: 4.2yrs
    • Compensation: ₹31.50k
  • Karan Varma (71yo)

    Non-Executive Independent Director

    • Tenure: 5.1yrs
    • Compensation: ₹43.50k
  • Sudha Gandhi (65yo)

    Non-Executive Independent Director

    • Tenure: 2.2yrs
    • Compensation: ₹35.00k
  • Tenneti Murthy (51yo)

    Whole-Time Director

    • Tenure: 0yrs

Company Information

MMP Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MMP Industries Limited
  • Ticker: MMP
  • Exchange: NSEI
  • Founded: 1973
  • Industry: Aluminum
  • Sector: Materials
  • Market Cap: ₹2.828b
  • Shares outstanding: 16.94m
  • Website: https://www.mmpil.com

Number of Employees


Location

  • MMP Industries Limited
  • B-24, Hingna MIDC Area
  • Hingna
  • Nagpur
  • Maharashtra
  • 440016
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MMPNSEI (National Stock Exchange of India)YesEquity SharesININRApr 2018

Biography

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 atom ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 12:59
End of Day Share Price2019/10/15 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.