MMP Industries Limited (MMP.NS)
MMP Industries Limited operates in the Aluminum industry of the Basic Materials sector, headquartered in Nagpur, MA, IN. The stock last traded at $337.50, down 0.12% on the session, giving a market capitalisation of $8.57B. Its beta of 0.20 implies it has historically moved less than the broad market.
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, Aluminium Conductor, and an Others segment. Its product portfolio features various types of aluminum powders, including pyro, flake, and atomized varieties, which are crucial inputs for industries such as construction, mining, agriculture, defense, pyrotechnics (firecrackers), and railways. Additionally, MMP Industries produces aluminum pastes, which are vital components in the formulation of automotive, decorative, and industrial paints. The company also supplies aluminum conductors, primarily serving the needs of the power generation and distribution sector. Beyond its core aluminum offerings, MMP Industries provides a range of other products, including manganese oxide/dioxide, washers, circlips, and coal products. The company boasts a significant global presence, exporting its goods to numerous countries across Europe, the Middle East, Africa, and the Asia Pacific region. Known as Maharashtra Metal Powders Limited until its rebranding in June 2012, the company subsequently adopted its current name, MMP Industries Limited.
MMP Industries Limited is most often compared with the following Basic Materials names: