MMP Industries Ltd – Investor Presentation Summary

Key Operational Highlights

  • Strong growth across Aluminium Powders and Foils, supported by improved plant utilization
  • Export orders executed at an unprecedented scale during Q2FY27
  • Lidding Foil manufacturing line ready with initial trials successfully completed
  • BIS certification received for LT Cables with utility approvals progressing
  • Polymer Insulator product range developed up to 765 kV

Key drivers of operational performance: Robust export execution, improved plant utilization, and product expansion initiatives

Segment-wise Performance

  • Aluminium Powders: Revenue grew 37% YoY, contributes ~65% of total revenue (H1FY27)
  • Aluminium Foils: Revenue grew 47% YoY across bare and printed foils, contributes ~28% of total revenue (H1FY27)
  • Aluminium Conductors/Cables: Revenue declined 16% YoY due to monsoon-related slowdown, contributes ~7% of total revenue (H1FY27)
  • Polymer Insulators: Contributes ~1% of total revenue (H1FY27)

Explanation of significant changes in segment performance: Aluminium powders growth driven by healthy domestic demand and robust exports; Foils growth supported by operational efficiency; Conductors/Cables decline due to monsoon-related project execution slowdown

Financial Highlights

Revenue: Rs. 252.7 Cr (Q2FY27)

EBITDA: Rs. 19.3 Cr (Q2FY27)

PAT: Rs. 12.1 Cr (Q2FY27)

EPS: Rs. 4.8/share (Q2FY27)

Margins: Gross Margin 19.1% (Q2FY27), EBITDA Margin 7.6% (Q2FY27), PAT Margin 4.8% (Q2FY27)

YoY/QoQ comparison: Revenue up 35% YoY but PAT down 12% QoQ; H1FY27 PAT of Rs. 25.8 Cr represents 1516% YoY growth (due to exceptional items in base period)

Drivers of financial performance: Higher revenue growth offset by inventory valuation losses, elevated aluminium prices, and higher consumable costs

Comparison to market estimates: Not Specified

Key Risks: Elevated input costs, pricing pressures in foils, regulatory approvals pending for new products

Geographical Revenue Split

Domestic vs Export/Regional Revenue: Not Specified

Regional Breakdown: Exports to Europe, Africa, Nepal, Venezuela, and United States mentioned

Balance Sheet Snapshot

Net Debt/Equity: Not Specified

Reserves: Rs. 349.1 Cr (Sep-26)

Current Assets/Liabilities: Current Assets Rs. 311.8 Cr, Current Liabilities Rs. 251.7 Cr (Sep-26)

Working Capital/Leverage Metrics: Inventories Rs. 174.8 Cr, Trade Receivables Rs. 115.6 Cr (Sep-26)

Financial Health Insights: Strong revenue growth, improved profitability YoY, ongoing capacity expansion investments

Capex & Cash Flow Health

Capital Expenditure: ~7 MW captive solar park with planned investment of Rs 30 Cr; 18,000 MTPA Aluminium Wire Rod facility; 6,000 MTPA LTPC expansion

Free Cash Flow: Not Specified

Operating Cash Flow: Rs. 22.8 Cr (H1FY27)

Net Debt Movement: Long-term borrowings increased to Rs. 83.8 Cr (Sep-26 from Rs. 43.2 Cr Mar-26)

Investment Rationale: Backward integration to enhance supply chain efficiency and margins; renewable energy to reduce power costs

Strategic & R&D Initiatives

Investments in Innovation: Development of specialised aluminium powders with ISRO; Lidding Foil and Security Printing Foil; Polymer Insulators up to 765 kV; in-house Polymer Insulator components

Expected impact on growth: H2FY27 revenue expected to grow 40-50% over H1FY27 for Conductors/Cables; LT Cable commercial sales expected from Q4FY27

Strategic Rationale: Expanding into high-growth markets, reducing operational costs through backward integration and renewable energy

Industry Trends & Business Environment

Macro/Industry Trends: EVs driving lightweight aluminium demand; China's withdrawal of export incentives and India's anti-dumping duty on Chinese aluminium foil; Electricity demand growth from 243 GW to 366 GW till 2031-32; Government focus on affordable housing and infrastructure

Impact on Company: Rising demand for ready-to-eat foods and pharma growth driving foil usage; infrastructure growth boosting conductor demand; renewable plants fueling cable demand

Management Commentary & Growth Outlook

Strategic Outlook: Focus on higher export contribution, value-added product mix, international market expansion, and long-term cost optimization

FY Guidance: H2FY27 revenue expected to grow 40-50% over H1FY27 for Conductors/Cables; Wire Rod facility targeting commercial production in Q4FY27; LTPC expansion trials targeted for Q4FY28

Market Share Targets: Not Specified

Risks and Opportunities: Elevated input costs; pending regulatory approvals for new products; export momentum expected to strengthen further in H2FY27

ESG Updates

  • Zero discharge & emissions-free operations with 100% wastewater treatment and reuse
  • Currently fulfill 20% of energy needs through 5.5 MW solar roof plant
  • Goal to increase renewable energy consumption to 35-40% over next 3-4 years
  • Eco-friendly landscape development using Miyawaki method