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MMP Industries Ltd.
(MMP)
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Rating:62Neutral
Price Target:
₹472.00
▲(73.56% Upside)
Action:Reiterated
Date:09/08/26
The score is anchored by mixed financial performance: strong revenue growth and improving gross margin are offset by weak/uneven free cash flow and rising leverage, which increase execution and financial risk. Technicals are a major positive with strong trend and momentum, though indicators are stretched (high RSI). Valuation is neutral-to-slightly weak given a ~20x P/E and low dividend yield.
Positive Factors
Strong Revenue Growth
Sustained revenue expansion indicates that MMP is growing its business base and maintaining demand for its aluminum-related offerings. Continued top-line growth can support operating scale, strengthen market presence, and provide a foundation for future earnings recovery if cost pressures moderate.
Negative Factors
Falling Net Income and Margins
Lower operating and net margins show that revenue growth is not converting into proportional bottom-line improvement. The FY2026 profit decline despite higher sales points to cost pressure or increased expenses, potentially limiting internally funded growth and earnings durability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Sustained revenue expansion indicates that MMP is growing its business base and maintaining demand for its aluminum-related offerings. Continued top-line growth can support operating scale, strengthen market presence, and provide a foundation for future earnings recovery if cost pressures moderate.
Read all positive factors
MMP Industries Ltd. (MMP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹10.27B
Dividend Yield0.45%
Average Volume (3M)117.36K
Price to Earnings (P/E)20.3
Beta (1Y)1.44
Revenue Growth26.80%
EPS Growth-37.20%
CountryIN
Employees565
SectorGeneral
Sector StrengthN/A
IndustryAluminum
Share Statistics
EPS (TTM)12.21
Shares Outstanding25,402,613
10 Day Avg. Volume86,445
30 Day Avg. Volume117,359
Financial Highlights & Ratios
PEG Ratio-0.77
Price to Book (P/B)1.39
Price to Sales (P/S)0.58
P/FCF Ratio116.06
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MMP Industries Ltd. Business Overview & Revenue Model
Company Description
MMP Industries Limited, founded in Nagpur, India, in 1973, is a prominent manufacturer and supplier of aluminum-based products within India and internationally. The company organizes its operations into key divisions: Aluminium Powder and Pastes, ...
MMP Industries Ltd. Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
62
Positive
Cash Flow
42
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 8.24B | 6.92B | 5.78B | 5.38B | 4.48B |
| Gross Profit | 1.68B | 1.03B | 503.07M | 811.86M | 824.01M |
| EBITDA | 647.38M | 648.73M | 475.61M | 358.51M | 424.04M |
| Net Income | 310.09M | 388.75M | 316.40M | 213.21M | 289.86M |
Balance Sheet | |||||
| Total Assets | 6.25B | 5.49B | 4.35B | 3.58B | 3.35B |
| Cash, Cash Equivalents and Short-Term Investments | 113.08M | 109.81M | 3.72M | 20.45M | 2.29M |
| Total Debt | 1.85B | 1.56B | 932.24M | 575.63M | 521.50M |
| Total Liabilities | 2.78B | 2.26B | 1.46B | 1.01B | 971.71M |
| Stockholders Equity | 3.47B | 3.23B | 2.89B | 2.57B | 2.38B |
Cash Flow | |||||
| Free Cash Flow | 41.41M | -495.33M | -8.89M | 23.36M | -309.60M |
| Operating Cash Flow | 532.90M | 24.91M | 427.50M | 328.33M | 189.64M |
| Investing Cash Flow | -549.00M | -511.31M | -417.35M | -238.40M | -194.88M |
| Financing Cash Flow | -73.77M | 47.63M | -26.74M | -71.86M | 3.59M |
MMP Industries Ltd. Technical Analysis
Positive
271.95
Price Trends
325.48
Positive
297.05
Positive
270.17
Positive
Market Momentum
25.36
Negative
78.53
Negative
70.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MMP, the sentiment is Positive. The current price of 271.95 is below the 20-day moving average (MA) of 382.46, below the 50-day MA of 325.48, and above the 200-day MA of 270.17, indicating a bullish trend. The MACD of 25.36 indicates Negative momentum. The RSI at 78.53 is Negative, neither overbought nor oversold. The STOCH value of 70.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MMP.
MMP Industries Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ₹691.49B | 10.17 | ― | 3.13% | 9.02% | 17.83% | |
62 Neutral | ₹10.27B | 20.27 | ― | 0.45% | 26.80% | -37.20% | |
59 Neutral | ₹1.61B | 13.23 | ― | 1.94% | 18.16% | 25.56% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹7.07B | 48.09 | ― | 1.45% | -1.80% | -10.65% | |
51 Neutral | ₹2.47B | 28.37 | ― | 0.18% | 1.29% | 28.42% | |
50 Neutral | ₹902.07M | 18.69 | ― | ― | 2.69% | 121.59% |
* General Sector Average
IN:MMP
MMP Industries Ltd.
444.95
166.86
60.00%
IN:CENTEXT
Century Extrusions Ltd
20.99
-5.24
-19.98%
IN:GOYALALUM
Goyal Aluminiums Limited
6.14
-1.33
-17.80%
IN:MAANALU
Maan Aluminium Limited
114.90
4.90
4.45%
IN:MANAKALUCO
Manaksia Aluminium Company Ltd
39.51
8.37
26.88%
IN:NATIONALUM
National Aluminium Co. Ltd.
367.00
166.25
82.81%
MMP Industries Ltd. Corporate Events
MMP Industries Wins US$100,000 Venezuela Export Order to Bolster Power Infrastructure Business
Aug 21, 2026
MMP Industries Limited has secured an export order of about US$100,000 from a leading distributor in Venezuela for AAA conductors, aluminium triplex cables and polymer insulators, underscoring its push into international markets. The order support...
MMP Industries Starts Low Tension Power Cable Production, Advances Greenfield Expansion
Jul 7, 2026
MMP Industries Limited has begun production of Low Tension Power Cables at its Bhandara facility, marking a strategic entry into the LT cable segment and expanding its portfolio of electrical infrastructure products. The initial installed capacity...
MMP Industries Board Clears ECGLS 5 Funding Plan for Working Capital
Jun 27, 2026
MMP Industries Ltd.’s board has approved seeking financial assistance from financial institutions and banks under the ECGLS 5 scheme to meet working capital requirements. The resolution was passed at the second board meeting of FY 2026-27, h...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.