Arthneeti

MMP Industries Q2 FY27 Share Price & Earnings Call Analysis

₹439.40-3.38% today
Market cap
₹1,116 Cr
P/E
22.46
ROE
11.58%
PEG
1.00
Price to sales
1.19
Debt to equity
0.63
52W high / low
₹509 / ₹189
Sales growth (5Y)
28.99%
EBITDA margin
8.44%
Net profit margin
4.71%
Promoter holding
74.48%
Sales (last year)
₹938 Cr

Incorporated in 1983, MMP Industries Ltd manufactures and sells aluminium powder products[1]

Guidance scorecard · Q2 FY27 call

What MMP Industries's management guided
and where it ranks in Non - Ferrous Metals

#2of 9 in
Non - Ferrous Metals
Revenue20–40%MarginsUp 0–2%CapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ2 FY27 call

20–40%
  • Focus on sustaining growth across core businesses: aluminum powders, foils, conductors, and polymer insulators.
  • Polymer insulator business expected to meaningfully ramp up from H2 FY28, contributing 18-20% EBITDA margin.
  • LT cable business commercial sales to commence from Q4 FY27; larger capacity at Umred targeted by Q4 FY28.
  • Aluminum wire rod facility (18,000 MT p.a.) trialing in Q4 FY27; will improve backward integration, margins, and supply chain.
  • Export orders increasing with good momentum from Europe, South America, Africa, Middle East, and Southeast Asia.
  • Export revenue in powder segment expected to grow strongly; focusing on export substitution and diversification.
  • Conductors and cables anticipated to recover in H2 FY27 with 40%-50% revenue growth vs H1 FY27.

2 more points from MMP Industries's call on revenue

Create a free account to keep reading this call

Full Q2 FY27 analysis

MarginsQ2 FY27 call

Up 0–2%

See what MMP Industries said on margins — free account, 30 seconds.

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • No immediate capex planned for the aluminum powder division; focus is on export substitution and expanding exports, particularly targeting Middle East reconstruction and European markets.
  • Polymer insulator facility is ready; waiting for approvals for commercial scaling starting Q1 FY28.
  • LT cable business has a pilot facility at Bhandara; a larger capacity plant at Umred is under construction with machinery ordered and expected revenue contribution from FY29 onwards.
  • Wire rod business set to start contributing from Q1 FY28.
  • No plans currently for expanding the rolling mill; focus is on efficient utilization of existing capacity, with any expansion anticipated only in FY29.

2 more points from MMP Industries's call on capex

Create a free account to keep reading this call

Full Q2 FY27 analysis

FundraisingQ2 FY27 call

See what MMP Industries said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

  • Power Grid approval is awaited; audit formalities completed, approvals expected soon.
  • Meaningful orders anticipated post-approval, with business ramp-up expected from December onwards.
  • Current confirmed order includes export orders from Latin America.
  • No significant domestic transmission sector orders yet, as the company is in nascent stages there.
  • Polymer insulator business is in initial stages, pending customer approvals and order execution progress.
  • Export orders are growing robustly across multiple geographies including Europe, South America, South Asia, Africa, Middle East, and Southeast Asia.

2 more points from MMP Industries's call on the order book

Create a free account to keep reading this call

Full Q2 FY27 analysis
Full Non - Ferrous Metals ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Non - Ferrous Metals
on management's own guidance

  1. This stockMMP IndustriesGood growth
    2
  2. Deccan Gold MinesGood growth
    1
  3. Hindustan ZincGood growth
    3
See all potential multibaggersAll Non - Ferrous Metals rankings

Portfolio builder

Build your portfolio
from the top-ranked stocks

  1. 1. Pick 3–15 stocks
  2. 2. Choose large, mid or small cap and your sectors
  3. 3. Get a portfolio built from the rankings
Build my portfolio

Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Non - Ferrous Metals companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Deccan Gold Mines20–40%Up 0–2%₹3,740 Cr—
2MMP IndustriesThis stock20–40%Up 0–2%₹1,119 Cr22.5
3Hindustan Zinc20–40%Flat₹2.40L Cr11.7
420–40%Flat₹1.50L Cr10.0
520–40%Flat₹549 Cr19.8
610–20%Flat₹2.16L Cr9.3

Sign up free to see every company in the sector ranking and track MMP Industries.

Pro shows every company guiding 40%+ revenue growth →Full Non - Ferrous Metals ranking

Financials of MMP Industries

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

MMP Industries

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +74.48%74.48%74.48%74.48%74.48%74.48%74.48%74.48%74.48%74.48%74.49%74.48%
FIIs +5.96%5.07%5.07%0.00%0.03%0.02%0.07%0.00%0.01%0.02%0.02%0.45%
DIIs +0.47%0.47%0.47%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.10%
Public +19.08%19.97%19.97%25.51%25.49%25.49%25.45%25.52%25.51%25.50%25.49%24.97%
No. of Shareholders5,0047,8747,7029,9919,6059,37410,32610,73110,94010,75011,20210,488

Financials of MMP Industries

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +126141160156145168223183188203250233253
YoY Sales growth+6%+10%+12%+3%+15%+20%+39%+18%+30%+21%+12%+27%+35%
Expenses +119128146138134152205171175186228212234
Operating Profit7131417111718131318222119
OPM %6%9%9%11%8%10%8%7%7%9%9%9%8%
Other Income +2232221-15231033
Interest2222333334433
Depreciation2222233333333
Profit before tax611131581414-8914251715
Tax %19%21%21%23%29%22%24%-30%21%21%27%21%22%
Net Profit +59101161111-5711181412
EPS in Rs1.843.523.944.462.304.274.28-2.132.764.507.085.394.77

Financials of MMP Industries

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +157180203243261242231448538579692824938
Sales growth+15%+13%+19%+7%-7%-5%+94%+20%+7%+20%+19%+23%
Expenses +144161182213231215205406503532628759859
Operating Profit13192130292726423546646579
OPM %9%11%10%12%11%11%11%9%7%8%9%8%8%
Other Income +01516335397-119
Interest6744322447101314
Depreciation2222235678101112
Profit before tax6122024302422372740514072
Tax %37%34%28%37%26%24%22%22%22%21%24%23%
Net Profit +491719231917292132393155
EPS in Rs2.084.779.2510.188.907.316.8711.418.3912.4615.3112.2121.74
Dividend Payout %-0%-0%-0%-0%-0%-0%15%9%12%12%10%16%

Financials of MMP Industries

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital88812172525252525252525
Reserves15264689157165184213232264298321349
Borrowings +43394138231730525893156185236
Other Liabilities +212119242527334543536994124
Total Liabilities8795114163221234272335358435549625735
Fixed Assets +343737374490112147160183223250259
CWIP211025172941527283856
Investments171620211922293242485467
Other Assets +505161106131107109155151182250282353
Total Assets8795114163221234272335358435549625735

Financials of MMP Industries

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +61414141018361933435753
Cash from Investing Activity +-12-3-11-6-76-7-27-19-24-42-51-55
Cash from Financing Activity +5-10-12243-3-10-7-35-7
Net Cash Flow-01231-2387-02-211-9
Free Cash Flow-6111812-26-24133-164
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit59%86%92%73%71%92%151%61%107%101%102%91%

Financials of MMP Industries

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days645562686057624230364739
Inventory Days6254494048781168476929590
Days Payable482724212628332316191926
Cash Conversion Cycle788286878210814410390109123103
Working Capital Days2717304163634637363023
ROCE %26%23%24%20%13%11%15%10%13%14%13%

Guidance history

How MMP Industries's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →20–40%Up 0–2%Planned——
Q4 FY26 call →10–20%Up 2%+PlannedPlanned—
Q1 FY23 call →10–20%FlatPlannedNone planned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

90out of 100

Momentum score · price trend

90 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,937 stocks
Last 12 months+66.3%88%
Last 6 months+60.1%91%
Last 3 months+30.2%93%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,937 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For MMP Industries: 0.4 × 88 + 0.4 × 91 + 0.2 × 93 = 90.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 13 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What MMP Industries's management said in earlier quarters

Earlier calls (1)

Others in Non - Ferrous Metals this season

  • Manaksia Aluminium Company (Q2 FY27)

    644.29 lakhs (~4.91% decline) . Key results statement takeaways from Manaksia Aluminium Company Ltd's Q2 FY27 results statement — and how it ranks against secto

  • Hindustan Copper (Q2 FY27)

    Revenue from Operations for the quarter ended 30th September 2026: ₹718.04 crore . Key results statement takeaways from Hindustan Copper Ltd's Q2 FY27 results s

  • Hindalco Industries (Q2 FY27)

    Another INR 50,000 crores of growth opportunities are under evaluation, reflecting confidence in India's long-term demand. Key concall takeaways from Hindalco…

  • Augmont Enterpri (Q2 FY27)

    Growth in the consumer business ("Gold for All") with its revenue share increasing from 7% to 13%. Key concall takeaways from Augmont Enterprises Ltd's Q2 FY27…