---
title: "MMP Industries Ltd (MMP) — Share Price, Financials & Analysis"
symbol: "MMP"
company: "MMP Industries Ltd"
canonical: "https://tapetide.com/stocks/MMP"
isin: "INE511Y01018"
nse_symbol: "MMP"
sector: "Metals & Mining"
industry: "Aluminium"
market_cap_cr: 1145.78
generated_at: "2026-09-13T19:57:15.536Z"
---

# MMP Industries Ltd (MMP)

Canonical page: https://tapetide.com/stocks/MMP

## Company

- **NSE Symbol:** MMP
- **ISIN:** INE511Y01018
- **Sector:** Metals & Mining
- **Industry:** Aluminium
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2020-01-09
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mmpil.com

## About

Incorporated in 1983, MMP Industries Ltd manufactures and sells aluminium  powder products[1]

## Latest Price

- **Price:** ₹469.95
- **Change:** +22.15 (+4.95%)
- **Open:** ₹445
- **Day High:** ₹475
- **Day Low:** ₹439.7
- **Previous Close:** ₹447.8
- **Volume:** 94390
- **As Of:** 2026-09-11T10:01:39+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:46.035154Z.

- **Market Cap:** ₹1145.78 Cr
- **Classification:** Microcap
- **P/E (reported):** 22.7
- **P/E (TTM):** 23.82
- **EPS (TTM):** ₹19.73
- **Book Value:** ₹136.41
- **Price to Book:** 3.28
- **Dividend Yield:** 0.45%
- **ROE:** 12.02%
- **ROCE:** 16.31%
- **Debt to Equity:** 0.53
- **Revenue (yearly):** ₹824 Cr
- **Net Income:** ₹32.9 Cr
- **EBITDA:** ₹55.19 Cr
- **52-Week High:** ₹485
- **52-Week Low:** ₹185.2
- **RSI (14):** 68.49

## Tapetide Score

- **Score:** 53 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Rising
- **Percentile:** 61 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 37.13 | 9% |
| growth | 75.27 | 9% |
| momentum | 97.1 | 12% |
| ownership | 65.36 | 24% |
| quality | 50.67 | 22% |
| valuation | 44.97 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company's working capital requirements have reduced from 29.4 days to 23.1 days

### Weaknesses

- Stock is trading at 3.45 times its book value
- Company has a low return on equity of 12.0% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 32.84% | 72.98% | 58.32% |
| ebitda margin growth | -23.72% | -29.27% | -19.27% | -29.95% |
| net income growth | -23.89% | -15.42% | 22% | 17% |
| revenue growth | -9.14% | 18.92% | 15% | 29% |
| roce | -26.72% | 10.65% | 41.7% | 13.92% |
| roe | -23.85% | 9.77% | 10.42% | 43.95% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 243 | 261 | 242 | 231 | 448 | 538 | 579 | 692 | 824 | 873 |
| Expenses | 213 | 231 | 215 | 205 | 406 | 503 | 532 | 628 | 759 | 800 |
| Operating Profit | 30 | 29 | 27 | 26 | 42 | 35 | 46 | 64 | 65 | 73 |
| OPM % | 12 | 11 | 11 | 11 | 9 | 7 | 8 | 9 | 8 | 8 |
| Other Income | 1 | 6 | 3 | 3 | 5 | 3 | 9 | 7 | 0 | 18 |
| Interest | 4 | 3 | 2 | 2 | 4 | 4 | 7 | 10 | 13 | 14 |
| Depreciation | 2 | 2 | 3 | 5 | 6 | 7 | 8 | 10 | 11 | 12 |
| Profit before tax | 24 | 30 | 24 | 22 | 37 | 27 | 40 | 51 | 40 | 65 |
| Tax % | 37 | 26 | 24 | 22 | 22 | 22 | 21 | 24 | 23 | — |
| Net Profit | 19 | 23 | 19 | 17 | 29 | 21 | 32 | 39 | 31 | 50 |
| EPS in Rs | 10.18 | 8.9 | 7.31 | 6.87 | 11.41 | 8.39 | 12.46 | 15.31 | 12.21 | 19.73 |
| Dividend Payout % | 0 | 0 | 0 | 15 | 9 | 12 | 12 | 10 | 16 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 8 | 12 | 17 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
| Reserves | 46 | 89 | 157 | 165 | 184 | 213 | 232 | 264 | 298 | 321 |
| Borrowings | 41 | 38 | 23 | 17 | 30 | 52 | 58 | 93 | 156 | 185 |
| Other Liabilities | 19 | 24 | 25 | 27 | 33 | 45 | 43 | 53 | 69 | 94 |
| Total Liabilities | 114 | 163 | 221 | 234 | 272 | 335 | 358 | 435 | 549 | 625 |
| Fixed Assets | 37 | 37 | 44 | 90 | 112 | 147 | 160 | 183 | 223 | 250 |
| CWIP | 1 | 0 | 25 | 17 | 29 | 4 | 15 | 27 | 28 | 38 |
| Investments | 16 | 20 | 21 | 19 | 22 | 29 | 32 | 42 | 48 | 54 |
| Other Assets | 61 | 106 | 131 | 107 | 109 | 155 | 151 | 182 | 250 | 282 |
| Total Assets | 114 | 163 | 221 | 234 | 272 | 335 | 358 | 435 | 549 | 625 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 14 | 14 | 10 | 18 | 36 | 19 | 33 | 43 | 57 | 53 |
| Cash from Investing Activity | -11 | -6 | -76 | -7 | -27 | -19 | -24 | -42 | -51 | -55 |
| Cash from Financing Activity | -1 | 22 | 43 | -3 | -1 | 0 | -7 | -3 | 5 | -7 |
| Net Cash Flow | 2 | 31 | -23 | 8 | 7 | 0 | 2 | -2 | 11 | -9 |
| Free Cash Flow | 18 | 12 | -26 | -24 | 1 | 3 | 3 | -1 | 6 | 4 |
| CFO/OP | 92 | 73 | 71 | 92 | 151 | 61 | 107 | 101 | 102 | 92 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 62 | 68 | 60 | 57 | 62 | 42 | 30 | 36 | 47 | 39 |
| Inventory Days | 49 | 40 | 48 | 78 | 116 | 84 | 76 | 92 | 95 | 88 |
| Days Payable | 24 | 21 | 26 | 28 | 33 | 23 | 16 | 19 | 19 | 26 |
| Cash Conversion Cycle | 86 | 87 | 82 | 108 | 144 | 103 | 90 | 109 | 123 | 102 |
| Working Capital Days | 17 | 30 | 41 | 63 | 63 | 46 | 37 | 36 | 30 | 23 |
| ROCE % | 23 | 24 | 20 | 13 | 11 | 15 | 10 | 13 | 14 | 12 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.48% | 74.48% | 74.48% | 74.48% | 74.48% | 74.48% | 74.48% | 74.48% | 74.48% | 74.48% | 74.48% | 100% |
| FIIs | 6.05% | 5.96% | 5.07% | 5.07% | 0% | 0% | 0% | 0% | 0% | 0.01% | 0.02% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 11.21% | 12.47% | 13.54% | 0% | 17.9% | 18.35% | 18.69% | 18.91% | 18.85% | 18.87% | 18.78% | 0% |
| Others | 8.25% | 7.08% | 6.9% | 20.45% | 7.62% | 7.17% | 6.83% | 6.61% | 6.67% | 6.64% | 6.72% | 0% |
| No. of Shareholders | 4483 | 5004 | 7874 | 7702 | 9991 | 9605 | 9374 | 10326 | 10731 | 10940 | 10750 | 9 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 4 / 2

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 426.24 | Buy |
| EMA (10) | 435.56 | Buy |
| SMA (20) | 409.07 | Buy |
| EMA (20) | 409.33 | Buy |
| SMA (50) | 342.06 | Buy |
| EMA (50) | 360.57 | Buy |
| SMA (100) | 307 | Buy |
| EMA (100) | 323.09 | Buy |
| SMA (200) | 275.49 | Buy |
| EMA (200) | 294.82 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 72.34 | Sell |
| MACD (12,26,9) | 33.1 | Buy |
| Stochastic (14,3,3) | 78.32 | Neutral |
| ADX (14) | 53.06 | Buy |
| Williams %R (14) | -12.71 | Sell |
| ATR (14) | 26.11 | High Volatility |
| ROC (12) | 17.28 | Buy |
| Stoch RSI (14) | 48.83 | Neutral |
| UO (7,14,28) | 65.07 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 23 Jun - Exchange has sought clarification from MMP Industries Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On … | [Clarification - Financial Results 23 Jun - Exchange has sought clarification from MMP Industries Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …](https://www.nseindia.com/get-quotes/equity?symbol=MMP) |
| 12 Sep - MMP Industries held its 53rd AGM on 12 Sep 2026; members considered FY26 accounts, Rs.2 dividend and appointments. | [Shareholders meeting 12 Sep - MMP Industries held its 53rd AGM on 12 Sep 2026; members considered FY26 accounts, Rs.2 dividend and appointments.](https://nsearchives.nseindia.com/corporate/MMP_12092026171459_MMPILAGMProceedings2026.pdf) |
| 12 Sep - 53rd AGM held 12 Sep 2026; all 9 resolutions passed, including Rs.2 final dividend and director appointments. | [Shareholders meeting 12 Sep - 53rd AGM held 12 Sep 2026; all 9 resolutions passed, including Rs.2 final dividend and director appointments.](https://nsearchives.nseindia.com/corporate/MMP_12092026171756_MMPILAGMVotingResults2026.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-21 | [Press Release](https://nsearchives.nseindia.com/corporate/MMP_21082026132908_MMPILPressRelease21082026.pdf) |
| 2026-08-19 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MMP_19082026124000_MMPAGMNewspaper.pdf) |
| 2026-08-18 | [Record Date](https://nsearchives.nseindia.com/corporate/MMP_18082026122218_MMPILBookClosure.pdf) |
| 2026-08-18 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/MMP_18082026123015_MMPAGMIntimation2026.pdf) |
| 2026-08-14 | [Updates](https://nsearchives.nseindia.com/corporate/MMP_14082026140309_MMPILBMOutcomeFR30062026MR.pdf) |
| 2026-08-13 | [Press Release](https://nsearchives.nseindia.com/corporate/MMP_13082026171648_MMPILInvestorPPT30062026.pdf) |
| 2026-08-13 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MMP_13082026171327_MMPILNewspaper.pdf) |
| 2026-08-10 | [Press Release](https://nsearchives.nseindia.com/corporate/MMP_10082026134252_MMPILPressRelease30062026.pdf) |
| 2026-07-11 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/MMP_11072026120118_MMPIL745G30062026.pdf) |
| 2026-07-07 | [Press Release](https://nsearchives.nseindia.com/corporate/MMP_07072026181258_MMPILPressRelease7July.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-10 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MMP_10082026130630_MMPILBMOutcomeFR30062026.pdf) |
| 2026-06-27 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MMP_27062026122254_MMPILBMOutcome27062026.pdf) |
| 2026-05-23 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MMP_23052026151817_MMPILBMOutcomeFR31032026.pdf) |
| 2026-03-27 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MMP_27032026122730_MMPILBMOutcome27032026.pdf) |
| 2026-02-13 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MMP_13022026171408_MMPBMOutcomeResults31122025.pdf) |
| 2026-02-13 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MMP_13022026135642_MMPBMOutcomeResults31122025.pdf) |
| 2025-11-07 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MMP_07112025134006_MMPBMoutcomeSept2025FR.pdf) |
| 2025-11-07 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MMP_07112025133629_MMPBMoutcomeSept2025FR.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-05-30 | [Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MMP_30052026125911_MMPEarningcallTranscript.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-05-25 | [Investor Presentation](https://nsearchives.nseindia.com/corporate/MMP_25052026103403_MMPInvestorPresentationMarch2026.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-05-25 | [Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MMP_25052026203817_MMPILEarningCallRecordinglink.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/AR_30399_MMP_2025_2026_A_6952096_18082026122854.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/AR_27429_MMP_2024_2025_A_14082025134107.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/AR_24852_MMP_2023_2024_07082024161240.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/AR_22641_MMP_2022_2023_04082023165119_08042023170000.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/AR_20639_MMP_2021_2022_06082022163456.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/AR_18878_MMP_2020_2021_24082021211838_24082021220002.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/AR_16543_MMP_2019_2020_22072020000355_22072020070002.zip) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/MMP_16112024123624_MMPInvestorPresentationSept2024.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://nsearchives.nseindia.com/corporate/MMP_08112023121821_MMPILInvestorPresentation30092023.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://archives.nseindia.com/corporate/MMP_12112022114706_Investor_Presentation_Q230092022.pdf) |
| May 2025 | [Concall - May 2025](https://nsearchives.nseindia.com/corporate/MMP_24052025141510_MMPILInvestorPresentationMarch2025.pdf) |
| May 2024 | [Concall - May 2024](https://nsearchives.nseindia.com/corporate/MMP_25052024160949_MMPILInvestorPresentation31032024.pdf) |
| May 2023 | [Concall - May 2023](https://archives.nseindia.com/corporate/MMP_27052023183305_INVESTORPRESENTATIONMARCH23.pdf) |
| Jun 2022 | [Concall - Jun 2022](https://archives.nseindia.com/corporate/MMP_10062022185103_NSEINVESTORSPRESENTATION.pdf) |
| Jul 2024 | [Concall - Jul 2024](https://nsearchives.nseindia.com/corporate/MMP_23072024120314_MMPILInvestorPresentation30062024.pdf) |
| Jul 2023 | [Concall - Jul 2023](https://archives.nseindia.com/corporate/MMP_29072023143647_MMPILInvestorPresentation.pdf) |
| Jul 2023 | [Concall - Jul 2023](https://archives.nseindia.com/corporate/MMP_31072023123401_MMPILInvestorPresentationQ12024.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:57:15.536Z.