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Last Updated on: 21 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of MMP Industries Ltd

About the Company - MMP Industries Ltd

MMP Industries Ltd. is a Public Limited Listed company incorporated on 08/10/1973 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L32300MH1973PLC030813 and registration number is 030813. Currently Company is involved in the business activities of Manufacture of other articles. Company’s Total Operating Revenue is Rs. 448.26 Cr. and Equity Capital is Rs. 25.40 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Aluminium - Sheets/Coils/Wires211, Shrimohini, 345, Kingsway, Nagpur Maharashtra 440001companysecretary@mmpil.com
http://www.mmpil.com
Management
NamePosition Held
Mr. Arun Raghuveer Raj BhandariChairman & Managing Director
Mr. Lalit Ranjeet Raj BhandariWhole Time Director
Mr. Tenneti Narasimham MurthyWhole Time Director
Mr. Mayank BhandariNon Executive Director
Mr. Karan Yudhishtir VarmaInd. Non-Executive Director
Mrs. Sudha Sukesh GandhiInd. Non-Executive Director
Mr. Vijay Singh BapnaInd. Non-Executive Director
Mr. Sunil KhannaInd. Non-Executive Director

Basic Stock Data of MMP Industries Ltd

Last Updated: July 19, 2024, 10:52 pm

Market Cap 757 Cr.
Current Price 298
High / Low323/183
Stock P/E23.9
Book Value 114
Dividend Yield0.34 %
ROCE13.4 %
ROE11.6 %
Face Value 10.0
PEG Ratio3.48

Data Source: screener.in

Competitors of MMP Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Manaksia Aluminium Company Ltd 217 Cr. 33.046.0/22.042.5 19.80.15 %9.85 %3.99 % 1.00
National Aluminium Company Ltd 34,222 Cr. 186210/86.219.4 79.32.42 %17.0 %12.7 % 5.00
Maan Aluminium Ltd 733 Cr. 135176/63.022.4 30.20.55 %24.9 %22.3 % 5.00
Bothra Metals & Alloys Ltd 22.0 Cr. 11.917.8/5.5676.0 9.290.00 %3.41 %1.71 % 10.0
Industry Average8,798.50 Cr91.4840.0834.650.78%13.79%10.18%5.25

MMP Industries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales66.1177.2586.1392.41116.36153.36148.19118.90127.68143.52151.43126.07140.87
Expenses58.1968.6277.9882.37106.66139.30141.15111.75117.72132.41139.87118.69127.71
Operating Profit7.928.638.1510.049.7014.067.047.159.9611.1111.567.3813.16
OPM %11.98%11.17%9.46%10.86%8.34%9.17%4.75%6.01%7.80%7.74%7.63%5.85%9.34%
Other Income0.271.781.061.741.360.910.631.000.930.861.671.882.22
Interest0.350.620.640.841.170.990.941.171.131.231.191.592.03
Depreciation1.141.271.351.621.641.711.681.691.751.731.831.892.09
Profit before tax6.708.527.229.328.2512.275.055.298.019.0110.215.7811.26
Tax %25.22%18.54%20.78%19.42%20.00%25.18%7.13%34.97%21.35%23.42%21.35%19.20%20.69%
Net Profit5.016.955.727.506.599.184.703.446.296.898.034.678.93
EPS in Rs1.972.742.252.952.593.611.851.352.482.713.161.843.52

Last Updated: July 10, 2024, 7:46 pm

MMP Industries Ltd Quarterly Chart

MMP Industries Ltd Profit & Loss

Last Updated: July 10, 2024, 7:46 pm

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales157180203243261242231448538549
Expenses144161182213231215205406503509
Operating Profit13192130292726423540
OPM %9%11%10%12%11%11%11%9%7%7%
Other Income0151633535
Interest6744322445
Depreciation2222235677
Profit before tax6122024302422372733
Tax %37%34%28%37%26%24%22%22%22%
Net Profit491719231917292126
EPS in Rs3.127.1613.8810.188.907.316.8711.418.3910.19
Dividend Payout %0%0%0%0%0%0%15%9%12%

MMP Industries Ltd Profit & Loss Yearly Chart

MMP Industries Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:17%
3 Years:36%
TTM:7%
Compounded Profit Growth
10 Years:%
5 Years:7%
3 Years:22%
TTM:49%
Stock Price CAGR
10 Years:%
5 Years:22%
3 Years:29%
1 Year:45%
Return on Equity
10 Years:%
5 Years:10%
3 Years:11%
Last Year:12%

Last Updated: July 16, 2024, 5:24 pm

MMP Industries Ltd Balance Sheet

Last Updated: July 10, 2024, 7:46 pm

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital88812172525252525
Reserves15264689157165184213232245
Borrowings43394138231730525880
Other Liabilities21211924252733454345
Total Liabilities8795114163221234272335358396
Fixed Assets343737374490112147160174
CWIP21102517294159
Investments171620211922293238
Other Assets505161106131107109155151175
Total Assets8795114163221234272335358396

MMP Industries Ltd Reserves and Borrowings Chart

MMP Industries Ltd Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 6141414101836193343
Cash from Investing Activity -12-3-11-6-76-7-27-19-24-42
Cash from Financing Activity 5-10-12243-3-10-7-3
Net Cash Flow-01231-2387-02-2

MMP Industries Ltd Financial Efficiency Indicators

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days645562686057624230
Inventory Days6254494048781168475
Days Payable482724212628332315
Cash Conversion Cycle788286878210814410390
Working Capital Days6664747669881098372
ROCE %26%23%24%20%13%11%15%10%

MMP Industries Ltd Financial Efficiency Indicators Chart

MMP Industries Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters74.48%74.48%74.48%74.48%74.48%74.48%74.48%74.48%74.48%74.48%74.48%74.48%
FIIs0.00%0.00%0.00%0.00%0.00%7.14%7.14%7.14%7.19%6.05%5.96%5.07%
DIIs9.27%8.81%8.51%8.05%8.05%0.91%0.91%0.91%0.67%0.47%0.47%0.47%
Public16.25%16.71%17.01%17.48%17.48%17.47%17.47%17.47%17.65%19.00%19.08%19.97%
No. of Shareholders2,4374,5904,3725,2706,2265,8406,0555,8645,1964,4835,0047,874

MMP Industries Ltd Shareholding Pattern Chart

No. of MMP Industries Ltd Shareholders

This stock is not held by any mutual fund

MMP Industries Ltd ROCE Trend

MMP Industries Ltd EPS Trend

MMP Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)8.3911.416.877.3113.47
Diluted EPS (Rs.)8.3911.416.877.3113.47
Cash EPS (Rs.)9.9812.098.008.8213.23
Book Value[Excl.RevalReserv]/Share (Rs.)101.2293.6882.2675.09105.50
Book Value[Incl.RevalReserv]/Share (Rs.)101.2293.6882.2675.09105.53
Revenue From Operations / Share (Rs.)211.90176.4690.8395.20153.91
PBDIT / Share (Rs.)14.1116.6910.6512.0319.56
PBIT / Share (Rs.)11.4114.208.8610.8118.36
PBT / Share (Rs.)9.6612.778.199.9016.72
Net Profit / Share (Rs.)7.289.606.217.5912.03
NP After MI And SOA / Share (Rs.)8.3911.416.877.3113.35
PBDIT Margin (%)6.669.4511.7212.6312.70
PBIT Margin (%)5.388.049.7511.3511.92
PBT Margin (%)4.557.239.0210.3910.86
Net Profit Margin (%)3.435.446.837.977.81
NP After MI And SOA Margin (%)3.966.467.567.688.67
Return on Networth / Equity (%)8.2912.188.349.7312.65
Return on Capital Employeed (%)10.4814.1510.3313.8616.78
Return On Assets (%)5.958.646.427.939.93
Long Term Debt / Equity (X)0.020.020.000.000.00
Total Debt / Equity (X)0.220.210.140.080.11
Asset Turnover Ratio (%)1.551.530.931.071.38
Current Ratio (X)1.701.711.842.613.10
Quick Ratio (X)0.640.750.911.632.53
Inventory Turnover Ratio (X)5.455.554.135.988.58
Dividend Payout Ratio (NP) (%)11.918.760.000.000.00
Dividend Payout Ratio (CP) (%)9.017.190.000.000.00
Earning Retention Ratio (%)88.0991.240.000.000.00
Cash Earning Retention Ratio (%)90.9992.810.000.000.00
Interest Coverage Ratio (X)8.0311.6715.9513.2111.92
Interest Coverage Ratio (Post Tax) (X)5.147.7110.309.348.33
Enterprise Value (Cr.)341.55553.37241.01149.58283.79
EV / Net Operating Revenue (X)0.631.231.040.611.09
EV / EBITDA (X)9.5313.058.914.898.57
MarketCap / Net Operating Revenue (X)0.531.120.930.611.20
Retention Ratios (%)88.0891.230.000.000.00
Price / BV (X)1.112.111.040.771.75
Price / Net Operating Revenue (X)0.531.120.930.611.20
EarningsYield0.070.050.080.120.07

MMP Industries Ltd Profitability Ratios (%)

MMP Industries Ltd Liquidity Ratios

MMP Industries Ltd Liquidity Ratios (%)

MMP Industries Ltd Interest Coverage Ratios (%)

MMP Industries Ltd Valuation Ratios

Fair Value

Fair Value: 317.13

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 6.42% compared to the current price 298

Intrinsic Value: 338.91

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 13.73% compared to the current price 298

Last 5 Year EPS CAGR: 6.87%

*Investments are subject to market risks

Strength and Weakness of MMP Industries Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 15.78%, which is a positive sign.
  2. The company has higher reserves (139.10 cr) compared to borrowings (43.40 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (305.20 cr) and profit (23.50 cr) over the years.
  1. The stock has a high average Working Capital Days of 77.89, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 95.56, which may not be favorable.

FAQ

What is the latest fair value of MMP Industries Ltd?

The latest fair value of MMP Industries Ltd is ₹317.13.

What is the Market Cap of MMP Industries Ltd?

The Market Cap of MMP Industries Ltd is 757 Cr..

What is the current Stock Price of MMP Industries Ltd as on 21 July 2024?

The current stock price of MMP Industries Ltd as on 21 July 2024 is 298.

What is the High / Low of MMP Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of MMP Industries Ltd stocks is 323/183.

What is the Stock P/E of MMP Industries Ltd?

The Stock P/E of MMP Industries Ltd is 23.9.

What is the Book Value of MMP Industries Ltd?

The Book Value of MMP Industries Ltd is 114.

What is the Dividend Yield of MMP Industries Ltd?

The Dividend Yield of MMP Industries Ltd is 0.34 %.

What is the ROCE of MMP Industries Ltd?

The ROCE of MMP Industries Ltd is 13.4 %.

What is the ROE of MMP Industries Ltd?

The ROE of MMP Industries Ltd is 11.6 %.

What is the Face Value of MMP Industries Ltd?

The Face Value of MMP Industries Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in MMP Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE