MMP

MMP Industries Limited

Listed company · ISIN INE511Y01018 · NSE EQ · FV ₹10
Last price
₹466
+2.05%today
What this company does

MMP Industries Limited is a listed company. It booked ₹233 cr of revenue in its latest quarter (Q1 FY27) and kept 5.9% of sales as profit.

MMP Industries Limited (“MMP” or “the Company”) is engaged in the production of a diverse range of aluminium-based products, operating from its manufacturing facilities located in and around Nagpur, Maharashtra. The Company’s product portfolio includes pyro and flake aluminium powders, atomised aluminium powders, aluminium foils, aluminium pastes, and aluminium conductors and cables.
In the report:
61out of 100
Equitytale Health Score
Mixed

Healthier than 61% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 1,201–2,858 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
69

At close. Not part of the score.

Profitability & returns58

How much profit it earns on the money it employs

Balance sheet38

How much it owes, and whether earnings cover the interest

Cash quality76

Whether reported profit actually arrives as cash

Growth & consistency70

Whether sales and profit have grown, and how steadily

Valuation44

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
A mixed picture
Strengths
Makes a profit
Sales up 27% vs last year
Promoters hold 74%
No promoter shares pledged
Strong 16% return on equity
Turns profit into real cash
Watch-outs
! Thin 5.9% net margin

What if I invest in MMP?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹466 +2.05%
latest close · 2026-09-17
1-year return
+218.9%
52-wk low ₹13552-wk high ₹498
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio21.6Average
LowAverageHigh
P/B ratio3.41High
Below bookModerateHigh
EV / EBITDA16.3High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity15.8%Strong
WeakFairStrong ▸15%
Return on capital17.3%Strong
WeakFairStrong
Net margin5.9%Decent
ThinDecentStrong
EBITDA margin9.0%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.53Moderate
LowModerateHigh ▸1
Interest cover5.3×Strong
RiskyOkayStrong ▸5×
Current ratio1.26Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1,183 cr
Book value
₹136
EPS
₹5.39
latest quarter
Net debt
₹183 cr
owes more than its cash
Enterprise value
₹1,366 cr
EBITDA
₹84 cr
annualised
EBIT
₹72 cr
annualised
Operating margin
7.7%
Return on assets
8.8%
Earnings yield
4.63%
P/S
1.27
Sales / share
₹366.3
Tax rate
25.5%
Face value
₹10
Shares
2.5 cr
Working capital
₹54 cr
Current assets
₹265 cr
Current liabilities
₹211 cr
Delivery %
54.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹91₹137, midpoint ₹114

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹233 cr
Other Income₹17.9 L
Total Income₹233 cr
Cost of Materials₹193 cr
Purchases of Stock-in-Trade₹2.6 L
Inventory Change (±)₹-9 cr
Employee Benefit Expense₹13 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹3 cr
Other Expenses₹15 cr
Total Expenses₹218 cr
Profit before Tax₹15 cr
Tax Expense₹4 cr
Share of JV / Associates₹3 cr
Net Profit₹14 cr
Net margin on total income5.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹184 cr78.0%
Employee benefit expense₹13 cr5.5%
Finance costs₹3 cr1.4%
Depreciation & amortisation₹3 cr1.3%
Other expenses₹15 cr6.3%
Tax expense₹4 cr1.6%
Profit for the period₹14 cr5.8%
Total income ₹233 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ2 FY26Q3 FY26Q1 FY27
Revenue188 cr203 cr233 cr
Total income188 cr204 cr233 cr
Expenses181 cr192 cr218 cr
Profit before tax7 cr12 cr15 cr
Tax2 cr3 cr4 cr
Net profit (owners' share)7 cr12 cr14 cr
Net margin (owners' share, on revenue)3.7%5.7%5.9%
EPS (₹)2.764.505.39
YoY (latest quarter): total income +26.7% · net profit
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹625 cr
Shareholder equity
₹347 cr
parent shareholders
Total debt
₹185 cr
Cash
₹2 cr
Cash flow · H1 FY26
Operating
₹12 cr
Investing
₹-13 cr
Financing
₹-4 cr
Corporate actions
Dividend yield
0.43%
trailing 12 months
Dividend / share (TTM)
₹2
Last dividend
₹2
ex 4 Sep 2026
ActionDetailEx-date
Dividend₹2 / share4 Sep 2026
Dividend₹2 / share1 Sep 2025
Dividend₹1.5 / share19 Aug 2024
Dividend₹1 / share18 Aug 2023
Dividend₹1 / share18 Aug 2022
Dividend₹1 / share2 Sep 2021
Who owns it · 2026-06-30
No pledge
Promoter
74.5%
FII / Foreign
0.0%
DII / Domestic
Retail / others
25.5%
Smart-money activity
Insider trades
SoldAshwinkumar Basantkumar Batra · Employees/Designated Employees150 · ₹30,83415 Mar 22
BoughtAshwinkumar Basantkumar Batra · Employees/Designated Employees400 · ₹73,0207 Jan 22
SoldAshwinkumar Basantkumar Batra · Employees/Designated Employees400 · ₹74,5767 Jan 22
Bulk / block deals
BoughtPROFITGATE CAPITAL SERVICES LLP · NSE2.31 L @ ₹3209 Aug 24
SoldMASSACHUSETTS INSTITUTE OF TECHNOLOGY · NSE2.81 L @ ₹3209 Aug 24
BoughtPROFITGATE CAPITAL SERVICES LLP · NSE3.00 L @ ₹30326 Jul 24
Stake changes
Sold238 Plan Associates LLP (238 Plan)→ 0.20%26 Jul 24
SoldMassachusetts Institute of Technology (MIT)→ 1.11% · 5.00 L26 Jul 24
SoldMassachusetts Institute of Technology (MIT) alongwith PAC→ 4.72% · 45,0009 Jan 24
What shareholders were asked to approve
2 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 12 Sep 2026
See the official result
1
Adoption of Financial Statements For FY 2025-26 ended on 31 March, 2026.
Backed by 99% of shareholders other than promotersneeded 50%
1.36 L votes for, 900 against
2
To recommend and approve final dividend of Rs. 2/- per equity share for the year ended March 31, 2026,
Backed by 99% of shareholders other than promotersneeded 50%
1.35 L votes for, 2,050 against
3
To appoint a Director in place of Mr. Mayank Bhandari, (DIN - 01176865), [Category –Non-Executive], Director, who retires by rotation and, being eligible, offers himself for re-appointment
Backed by 99% of shareholders other than promotersneeded 50%
1.36 L votes for, 900 against
4
Ratification of Remuneration of Cost Auditors of the Company
Backed by 99% of shareholders other than promotersneeded 75%
1.36 L votes for, 900 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 9 named members
owning 74.5% between them · as of 2026-06-30
Arun Raghuvir Raj Bhandari27.40%
MAYANK FASTENERS PVT LTD18.83%
Saroj Arun Bhandari12.82%
VIVAAN MAYANK BHANDARI5.74%
STAR CIRCLIPS AND ENGINEERING LIMITED4.56%
MAYANK BHANDARI2.23%
SAKSHI MAYANK BHANDARI1.54%
ROHINI ARUN BHANDARI0.88%
Business done with them
FY2025 · 4 of the group
The company paid ₹2 cr to companies in the promoter group last year — about 0.3% of its ₹692 cr revenue and received ₹3 cr back from them.
STAR CIRCLIPS & ENGINEERING LIMITED
Other income from them · Purchases of Goods, Job work contract and Reimbursement of Expenses Paid
also owns 4.56% of the company
₹3 cr
company received
MAYANK FASTENERS PRIVATE LIMITED
Other payments to them · Registered Office Rent
also owns 18.83% of the company
₹71.8 L
company paid
STAR CIRCLIPS & ENGINEERING LIMITED
Paid them for services · Purchases of Goods, Job work contract and Reimbursement of Expenses Paid
also owns 4.56% of the company
₹49.9 L
company paid
Smt. Sakshi Bhandari
Paid them for services · Salary and Perquisites
₹25.8 L
company paid
STAR CIRCLIPS & ENGINEERING LIMITED
Other payments to them · Purchases of Goods, Job work contract and Reimbursement of Expenses Paid
also owns 4.56% of the company
₹17.7 L
company paid
Smt. Sakshi Bhandari
Other payments to them · Salary and Perquisites
₹5.9 L
company paid
STAR CIRCLIPS & ENGINEERING LIMITED
Bought goods from them · Purchases of Goods, Job work contract and Reimbursement of Expenses Paid
also owns 4.56% of the company
₹3.7 L
company paid
ROHINI FARMS & AGRICULTURE PRIVATE LIMITED
Paid them for services · Dividend
also owns 0.49% of the company
₹1.9 L
company paid
MAYANK FASTENERS PRIVATE LIMITED
Leases As Lessee · Registered Office Rent
also owns 18.83% of the company
₹0.9 L
company received

The company also transacted with 13 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.