MMP Industries
- Market cap
- ₹ 1,097 Cr.
- P/E
- 25.6x
- P/B
- 3.38x
- 52-week range
- 185.2 – 520
- ROE
- 12%
- ROCE
- 12%
- Dividend yield
- 0.4%
- Debt / equity
- 0.53
- Sector
- Non - Ferrous Metals
- Industry
- Aluminium
- Listed on
- NSE
About
MMP Industries Limited is an India-based company. The Company is primarily engaged in the business of manufacturing, selling, distribution and trading of aluminum powder, aluminum pyro and flake powder, aluminum paste, aluminum conductor and aluminum foils. The Company is also engaged in the trading and manufacturing of manganese monoxide (MnO) and manganese dioxide (MnO2) Powder. The Company operates through four segments: Aluminium Powder, Aluminium Pastes and Atomized Powder; Aluminium Foil; Aluminium Conductor, and Others. Aluminium powders (pyro, flake and atomized) are used in several industrial sectors like construction (AAC Blocks) and mining (aluminized slurry explosives), agriculture (pesticides), defense (ammunition), firecrackers, and railways (thermit portions). Aluminium foils are used in pharmaceutical and food packaging. The Others segment includes MnO, Mn02, washer, circlips and other metal components.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Aluminium: 18 companies →MMP Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)25.6 against a typical 20.8: pricier than most peers (1st = cheapest).13th of 17
- Sales growth+27.3% against a typical +27.3% from a year earlier.7th of 13
- Share price, 3 months+60% against a typical −6.6%.2nd of 16
- Size₹ 1,097.4 Cr. market value against a typical ₹ 214.7 Cr. (1st = largest).4th of 15
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB+ by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil BBB+ | Stable | 27 Apr 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 27 Apr 2026 | Reaffirmed | Crisil BBB+(Issuer Not Cooperating) → Crisil BBB+ | — | CRISIL | ₹ 135 Cr. | |
| 23 Dec 2025 | Rating action | Crisil BBB+(Issuer Not Cooperating) | — | CRISIL | ₹ 80 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 2 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 10 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 27 Jun 2026 | Other business matters | To consider other business matters |
| 23 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 27 Mar 2026 | Other business matters | To consider other business matters |
| 13 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 7 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 126 | 141 | 160 | 156 | 145 | 168 | 223 | 183 | 188 | 203 | 250 | 233 |
| Expenses | 119 | 128 | 146 | 138 | 134 | 152 | 205 | 171 | 175 | 186 | 228 | 212 |
| Operating Profit | 7 | 13 | 14 | 17 | 11 | 17 | 18 | 13 | 13 | 18 | 22 | 21 |
| OPM % | 6% | 9% | 9% | 11% | 8% | 10% | 8% | 7% | 7% | 9% | 9% | 9% |
| Other Income | 2 | 2 | 3 | 2 | 2 | 2 | 1 | −15 | 2 | 3 | 10 | 3 |
| Interest | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 3 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 6 | 11 | 13 | 15 | 8 | 14 | 14 | −8 | 9 | 14 | 25 | 17 |
| Tax % | 19% | 21% | 21% | 23% | 29% | 22% | 24% | −30% | 21% | 21% | 27% | 21% |
| Net Profit | 5 | 9 | 10 | 11 | 6 | 11 | 11 | −5 | 7 | 11 | 18 | 14 |
| EPS in Rs | 1.84 | 3.52 | 3.94 | 4.46 | 2.3 | 4.27 | 4.28 | −2.13 | 2.76 | 4.5 | 7.08 | 5.39 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 16%
- 5 Years
- 29%
- 3 Years
- 15%
- TTM
- 21%
- 10 Years
- 16%
- 5 Years
- 17%
- 3 Years
- 22%
- TTM
- 13%
- 10 Years
- —
- 5 Years
- 23%
- 3 Years
- 26%
- TTM
- —
- 10 Years
- 12%
- 5 Years
- 12%
- 3 Years
- 12%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| MMP Industries | ₹ 448.00 | ₹ 1,097 Cr. | 25.6x | 3.4x | 12% | — |
| Hindustan Zinc | ₹ 497.00 | ₹ 2,09,998 Cr. | 15.9x | 9.7x | 76.9% | 33.9% |
| Hindalco Industries | ₹ 860.50 | ₹ 1,93,374 Cr. | 11.6x | 1.6x | 10.3% | 4.9% |
| Vedanta | ₹ 226.00 | ₹ 88,375 Cr. | 21.3x | 2x | 22.4% | 14.9% |
| NMDC | ₹ 66.30 | ₹ 58,290 Cr. | 9.8x | 2.2x | 23.4% | 23.1% |
| Hindustan Copper | ₹ 399.40 | ₹ 38,623 Cr. | 47.5x | 14.1x | 30.6% | 29.9% |
Management
- Arun Raghuvirraj Bhandari
- Executive Chairman of the Board, Managing Director
- Sharad Mohanlal Khandelwal
- Chief Financial Officer
- Madhura Ubale
- Compliance Officer, Company Secretary
- Lalit Ranjeet Raj Bhandari
- Whole-Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.