MMP Industries Ltd
NSE: MMPMetal
MMP Industries Ltd (MMP) is a Metal company listed on NSE: MMP. With a market cap of ₹701 Cr and ROCE of 14.4%, ROE of 12.5%, it operates in the Indian Metal sector.
₹276
52W: ₹185 — ₹320
PE 19.3 · Book ₹109 · +153% vs bookMarket Cap₹701 Cr
Stock P/E19.3Price to Earnings
ROCE14.4%Return on Capital
ROE12.5%Return on Equity
Div. Yield0.7%Face Value ₹10
Weaknesses
- −Stock is trading at 2.51 times its book value
- −Company has a low return on equity of 10.4% over last 3 years.
- −Dividend payout has been low at 13.6% of profits over last 3 years
- −Debtor days have increased from 37.8 to 47.2 days.
Shareholding Pattern
Promoters74.48%
FIIs0.02%
DIIs0%
Public25.5%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 74.48% | 74.48% | 74.48% | 74.48% | 74.48% | 74.48% | 74.48% | 74.48% |
| FIIs | 5.07% | 0%▼5.1 | 0.03%▲0.0 | 0.02%▼0.0 | 0.07%▲0.1 | 0%▼0.1 | 0.01%▲0.0 | 0.02%▲0.0 |
| DIIs | 0.47% | 0%▼0.5 | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 19.97% | 25.51%▲5.5 | 25.49%▼0.0 | 25.49% | 25.45%▼0.0 | 25.52%▲0.1 | 25.51%▼0.0 | 25.5%▼0.0 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 126.07 | 140.87 | 160.17 | 155.51 | 144.83 | 168.39 | 223.12 | 183.25 | 187.25 | 202.81 |
| Expenses | 118.69 | 127.7 | 146.05 | 138.07 | 133.52 | 151.75 | 204.56 | 170.3 | 173.56 | 183.86 |
| Operating Profit | 7.38 | 13.17 | 14.12 | 17.44 | 11.31 | 16.64 | 18.56 | 12.95 | 13.69 | 18.95 |
| OPM % | 5.85% | 9.35% | 8.82% | 11.21% | 7.81% | 9.88% | 8.32% | 7.07% | 7.31% | 9.34% |
| Net Profit | 3.55 | 6.86 | 7.52 | 9.88 | 4.58 | 8.79 | 10.1 | -6.99 | 6.03 | 9.81 |
| EPS ₹ | 1.4 | 2.7 | 2.96 | 3.89 | 1.8 | 3.46 | 3.98 | -2.75 | 2.37 | 3.86 |
AI Insights
Revenue Trend
TTM revenue at ₹796Cr, up 15% YoY. OPM at 8%.
Debt Position
Borrowings at ₹159Cr. Debt-to-equity ratio: 0.63x. Moderate leverage.
Capex Cycle
CWIP at ₹19Cr (8% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 0% (-0.67pp change). FIIs: 0.02% (-7.17pp change). Promoters hold 74.48%.
Margin & Efficiency
ROCE improving from 10% (Mar 2012) to 14% (Mar 2025). Working capital days: 32.
Valuation
PE 19.3x with 14.4% ROCE. Price is 153% above book value of ₹109. Dividend yield: 0.7%.
Recent Announcements
- Credit Rating 30 April 2026 - Crisil migrated ratings to BBB+/Stable and A2; bank loan facilities rated at Rs135 crore.
- Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 April 2026 - Regulation 74(5) certificate for quarter ended 31 March 2026; no rematerialisation or demat requests received.
- Outcome of Board Meeting 27 March 2026 - Board approved Annual Business Plan and Budget for FY2026-27 on 27-Mar-2026.
- Trading Window 26 March 2026 - Trading window closed from 1-Apr-2026 until 48 hours after Q4 (31-Mar-2026) results.
- Analysts/Institutional Investor Meet/Con. Call Updates 6 March 2026 - Virtual group meeting with Arihant Capital on March 11, 2025 at 3:00 PM using Q3 & 9M FY26 presentation.
- Financial Year 2025 from nse
- Financial Year 2024 from nse
- Financial Year 2023 from nse