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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

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
Aluminium211, 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

MMP Industries Ltd. Share Price Update

Share PriceValue
Today₹263.00
Previous Day₹264.70

Basic Stock Data of MMP Industries Ltd

Market Cap 683 Cr.
Current Price 269
High / Low298/92.4
Stock P/E23.9
Book Value 106
Dividend Yield0.37 %
ROCE10.5 %
ROE8.59 %
Face Value 10.0

Data Source: screener.in

Competitors of MMP Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
National Aluminium Company Ltd 30,451 Cr. 166169/75.719.4 74.12.69 %15.1 %12.0 % 5.00
Maan Aluminium Ltd 783 Cr. 145176/35.519.6 27.40.52 %42.8 %46.6 % 5.00
Manaksia Aluminium Company Ltd 203 Cr. 31.046.0/19.140.2 19.40.16 %10.2 %6.09 % 1.00
Industry Average10,479.00 Cr114.0026.4040.301.12%22.70%21.56%3.67

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

MMP Industries Ltd Quarterly Chart

MMP Industries Ltd Profit & Loss

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:31%
TTM:3%
Compounded Profit Growth
10 Years:%
5 Years:2%
3 Years:5%
TTM:21%
Stock Price CAGR
10 Years:%
5 Years:19%
3 Years:45%
1 Year:106%
Return on Equity
10 Years:%
5 Years:11%
3 Years:10%
Last Year:9%

MMP Industries Ltd Balance Sheet

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 2023
Cash from Operating Activity 61414141018361933
Cash from Investing Activity -12-3-11-6-76-7-27-19-24
Cash from Financing Activity 5-10-12243-3-10-7
Net Cash Flow-01231-2387-02

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

No data available for the Shareholding

No data available for the Shareholding Pattern chart.

No data available for the No. of Shareholders chart.

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 of MMP Industries Ltd Stock

Fair Value: ₹218.42

The stock is overvalued by 18.80% compared to the current price ₹269

*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 (137.20 cr) compared to borrowings (42.10 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 is trading at a high valuation with an average P/B ratio of 12.73 and average Dividend Yield of 9.29%.
  2. The stock has a high average Working Capital Days of 77.89, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 95.56, which may not be favorable.

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