The company was originally incorporated as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation issued by the Registrar of Companies, Rajasthan, Jaipur dated October 8, 1973 with the name ‘Semi Conductor Packages Private Limited’. Subsequently the name of the company was changed to ‘Maharashtra Metal Powders Private Limited’ and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Maharashtra, Bombay on October 18, 1984. Subsequently, the Company was converted into a public limited company pursuant to approval of the shareholders at an extraordinary general meeting held on May 13, 1994 and consequently, the name of the Company was changed to ‘Maharashtra Metal Powders Limited’ and a fresh certificate of incorporation consequent upon conversion to public limited company was issued by the Registrar of Companies, Maharashtra, Bombay on December 28, 1994. Subsequently, the name of the company was changed to ‘MMP Industries Limited’ and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Maharashtra, Mumbai on June 19, 2012.


MMPIL has entered into a Joint Venture with Toyo Aluminium K.K. of Japan for the manufacturing of specialty aluminium pastes in a new company -Toyal MMP India Private Limited. Its association with Global Industry leader -Toyo Aluminium K.K., Japan would help in moving up the value chain alongside technological support. Company holds 26% shareholding in this JV Company. The commercial production in this unit has already commenced in February 2018.


Business area of the company

The company is engaged in manufacturing of aluminium products that includes pyro and flake aluminium powders, atomised aluminium powders, aluminium pastes, aluminium conductors (all aluminium, alloy aluminium and aluminium steel reinforced). Its Unit I and Unit IV (NPM Industries) are engaged in the manufacturing of aforesaid Products, Unit III (Mars Industries) is engaged in the manufacturing of manganese oxide and di-oxide powders and Unit II (H.M. Engineering) is engaged in job work of sheet metal components for Group Entity, Star Circlips & Engineering Limited.


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Market Cap	327 Cr		EPS	8.1		High	135
Stock P/E	15.9		Net Profit Margin	2.2		Low	130