MMP Industries Limited
NSE: MMP · Other · sector
₹429.00NSE close 2026-10-26
Key numbers
Market cap₹1,090 cr
Price₹429.00
52w high / low₹520 / ₹185
P/E21.8xSector median 14.4x
P/B3.1xSector median 1.7x
Book value₹136.4
Dividend yield0.46%Sector median 0.37%
ROE15.0%Sector median 13.8%
ROCE13.2%Sector median 19.6%
OPM9.2%Sector median 10.4%
Debt / equity0.53xSector median 0.29x
EV/EBITDA15.7xSector median 8.4x
Interest cover5.0x
Current ratio1.26x
Sales growth 3y+15.2%Sector median +7.7%
Profit growth 3y+13.3%Sector median +16.6%
PEG1.63x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 688 companies in Other (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹11 cr vs borrowings ₹185 cr (FY26): borrowings are higher by ₹173 cr.
- Borrowings rose in each of the last 3 years (₹58 cr → ₹185 cr).
- Operating profit covered interest 5.0x in the last 12 months.
- Operating cash flow was below net profit in 2 of the last 5 years (FY24, FY22).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 2% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹429.00 on 2026-10-26: -17.5% from the 52-week high, +131.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹501.35 · low ₹203.24
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 145 | 168 | 223 | 183 | 188 | 203 | 250 | 233 |
| EBITDA | 11 | 17 | 19 | -5 | 13 | 18 | 29 | 21 |
| OPM % | 7.8% | 9.9% | 8.3% | -2.5% | 6.8% | 8.7% | 11.7% | 8.9% |
| Other income | 1 | 0 | 0 | 0 | 1 | 1 | -0 | 0 |
| Net profit | 6 | 11 | 11 | -5 | 7 | 12 | 18 | 14 |
| EPS (₹) | 2.29 | 4.27 | 4.28 | -2.13 | 2.76 | 4.50 | 7.08 | 5.39 |
| Revenue YoY | +29.6% | +20.8% | +11.9% | +26.9% | ||||
| Profit YoY | +20.2% | +6.3% | +64.0% | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 448 | 538 | 579 | 692 | 824 | 873 |
| EBITDA | 42 | 35 | 46 | 64 | 55 | 81 |
| Net profit | 29 | 21 | 32 | 39 | 31 | 50 |
| EPS (₹) | 11.41 | 8.39 | 12.46 | 15.30 | 12.21 | 19.73 |
| Revenue growth | +20.1% | +7.5% | +19.6% | +19.1% | +21.4% | |
| Profit growth | -26.5% | +48.4% | +22.9% | -20.2% | +125.9% | |
| Dividend / share (₹) | 1.00 | 1.00 | 1.00 | 1.50 | 2.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +15.2% | +29.0% | +21.4% |
| Net profit | +13.3% | +12.2% | +125.9% |
| EPS | +13.3% | +12.2% | – |
| Share price | – | +9.7% (2y) | +68.2% |
Balance sheet
| ₹ cr | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Shareholders' equity | – | – | 257 | 289 | 323 | 347 |
| Borrowings | – | – | 58 | 93 | 156 | 185 |
| Cash & equivalents | – | – | 2 | 0 | 11 | 11 |
| Total assets | – | – | 358 | 435 | 549 | 625 |
| Fixed assets | – | – | 159 | 183 | 222 | 250 |
| Capital work in progress | – | – | 15 | 27 | 28 | 38 |
| Investments | – | – | 32 | 42 | 0 | 54 |
| Receivables | – | – | 45 | 57 | 90 | 89 |
| Inventory | – | – | 86 | 111 | 135 | 158 |
| Payables | – | – | 18 | 25 | 27 | 46 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Cash from operations | 20 | 19 | 33 | 11 | 76 | 48 |
| Cash from investing | 36 | -19 | -24 | 32 | 61 | 27 |
| Cash from financing | -1 | 0 | -7 | 18 | 37 | 25 |
| Capex | 11 | 42 | 30 | 0 | 51 | 10 |
| Free cash flow | 8 | -23 | 3 | 11 | 25 | 38 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ROE % | – | – | 8.3% | 10.9% | 12.0% | 8.9% |
| ROCE % | – | – | 9.2% | 10.4% | 11.5% | 8.5% |
| Debtor days | – | – | 30 | 36 | 47 | 39 |
| Inventory days | – | – | 73 | 90 | 92 | 88 |
| Payable days | – | – | 15 | 20 | 19 | 26 |
| Cash conversion cycle (days) | – | – | 88 | 106 | 120 | 101 |
| Working capital days | – | – | 39 | 36 | 35 | 24 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 74.48% |
| FIIs | 0.45% |
| DIIs | 0.10% |
| Public (non-institutions) | 24.97% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 74.48% | 74.48% | 74.48% | 74.48% | 74.48% | 74.48% | 74.49% | 74.48% |
| Promoter group | % |
|---|---|
| Arun Raghuvir Raj Bhandari | 27.40% |
| Mayank Fasteners PVT Ltd | 18.83% |
| Saroj Arun Bhandari | 12.82% |
| Vivaan Mayank Bhandari | 5.74% |
| Star Circlips and Engineering Limited | 4.56% |
| Mayank Bhandari | 2.23% |
| Sakshi Mayank Bhandari | 1.54% |
| Rohini Arun Bhandari | 0.88% |
| Rohini Farms and Agriculture Private Limited | 0.49% |
| Public holders above 1% | % |
|---|---|
| Gautam Rasiklal Ashra | 2.58% |
10,488 shareholders. Pledged: – of promoter shares.
Peers in Other
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| TSFINV | ₹8,585 cr | 17.6x | 1.4x | 8.4% | 3.6% | 20.5% | +121.7% | 2.30% |
| KRISHANA | ₹6,339 cr | 39.9x | 11.3x | 41.6% | 23.2% | 12.6% | +95.7% | 0.05% |
| MARINE | ₹5,431 cr | 84.2x | 11.0x | 14.3% | 18.0% | 10.8% | +25.6% | 0.07% |
| ZOTA | ₹4,139 cr | – | 6.0x | -22.5% | -12.4% | -0.5% | +56.7% | 0.07% |
| AIMTRON | ₹3,319 cr | 71.7x | 17.1x | 28.0% | 31.8% | 21.8% | – | – |
| ACCORD | ₹2,984 cr | – | 261.7x | 12.4% | 12.0% | 2.4% | – | – |
| MONOLITH | ₹2,646 cr | 64.6x | 24.3x | 36.0% | 48.7% | 24.4% | – | – |
| UTSSAV | ₹2,390 cr | 40.2x | 14.1x | 43.4% | 54.7% | 7.9% | – | – |
| BETA | ₹2,200 cr | 40.6x | 5.0x | 16.4% | 17.0% | 20.8% | – | – |
| MMP | ₹1,090 cr | 21.8x | 3.1x | 15.0% | 13.2% | 9.2% | +15.2% | 0.46% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Aluminium Conductor | ₹1,000 cr | 58.0% | ₹5 cr | 0.5% |
| Aluminium Powder and paste | ₹504 cr | 29.2% | ₹60 cr | 11.9% |
| Aluminium Foil | ₹215 cr | 12.5% | ₹4 cr | 2.0% |
| Others | ₹3 cr | 0.2% | ₹1 cr | 42.5% |
| Insulators | ₹2 cr | 0.1% | ₹-3 cr | -141.9% |
| Others Unallocated | ₹1 cr | 0.1% | ₹0 cr | 0.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-04 | Dividend | Dividend - Rs 2 Per Share |
| 2025-09-01 | Dividend | Dividend - Rs 2 Per Share |
| 2024-08-19 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2023-08-18 | Dividend | Annual General Meeting/ Dividend - Re 1 Per Share |
| 2022-08-18 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2021-09-02 | Dividend | Dividend - Re 1 Per Share |
| 2020-07-30 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
Links go to the original files on the exchange website.
About the company
| Sector | |
| Industry | Other |
| Sub-industry | |
| Symbol | MMP |
| BSE code | – |
| ISIN | INE511Y01018 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.