MMP IndustriesNSE:MMP +1.88%87 Piotroski F-Score is 4 as of Jun. 25, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates NSE:MMP with a GF Score™ of 87/100 and a GF Value™ of ₹336.42 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,511 Metals & Mining companies, MMP Industries ranks better than 78.22% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
MMP Industries has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for MMP Industries's Piotroski F-Score or its related term are showing as below:
NSE:MMP'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 5 Max: 7
Current: 4
During the past 13 years, the highest Piotroski F-Score of MMP Industries was 7. The lowest was 4. And the median was 5.
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
MMP Industries Piotroski F-Score Related Terms
MMP Industries Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for MMP Industries's Piotroski F-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Aluminum subindustry, MMP Industries's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MMP Industries Piotroski F-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, MMP Industries's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where MMP Industries's Piotroski F-Score falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
MMP Industries's current Net Income (TTM) was 310.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
MMP Industries's return on assets of this year was 0.05648008. MMP Industries's return on assets of last year was 0.0893689.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
MMP Industries's gearing of this year was 0.07355605. MMP Industries's gearing of last year was 0.06532132.
==> Last year is lower than this year ==> Score 0.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
MMP Industries's current ratio of this year was 1.2561369. MMP Industries's current ratio of last year was 1.38665448.
==> Last year's current ratio is higher ==> Score 0.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
MMP Industries's number of shares in issue this year was 25.397. MMP Industries's number of shares in issue last year was 25.409.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
MMP Industries's gross margin of this year was 0.20354588. MMP Industries's gross margin of last year was 0.22697644.
==> Last year's gross margin is higher ==> Score 0.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
MMP Industries's asset turnover of this year was 1.50083575. MMP Industries's asset turnover of last year was 1.59048143.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
MMP Industries has an F-score of 4 indicating the company's financial situation is typical for a stable company.
MMP Industries (NSE:MMP) has a Piotroski F-Score of 4 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on MMP Industries and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, MMP Industries' Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, MMP Industries ranks #547 out of 2511 companies in the Metals & Mining industry, placing it in the top 21.8%.
Is MMP Industries' Piotroski F-Score too high?
MMP Industries' current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Metals & Mining industry median Piotroski F-Score is 3.00. MMP Industries' value of 4 is 33.3% above this industry median. Based on the distribution chart, MMP Industries ranks #547 out of 2511 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, MMP Industries has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MMP Industries' Piotroski F-Score compare to AA?
According to the Metals & Mining industry distribution chart, MMP Industries ranks #547 out of 2511 companies for Piotroski F-Score. This places MMP Industries in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. MMP Industries' value of 4 is 33.3% above this benchmark. Historically, MMP Industries' own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 3.00, MMP Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Metals & Mining company?
The median Piotroski F-Score among Metals & Mining companies is 3.00, based on 2,511 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MMP Industries's current Piotroski F-Score of 4 is 33.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on MMP Industries and its competitors. For the Metals & Mining industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MMP Industries's current Piotroski F-Score is 4, which is 20% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MMP Industries stock overvalued right now?
Based on GuruFocus' analysis, MMP Industries (NSE:MMP) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹336.42, compared to a current price of ₹279.80 — trading 16.8% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 33.3% above the Metals & Mining industry median of 3.00. MMP Industries' overall GF Score™ is 87/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For MMP Industries (NSE:MMP), the current Piotroski F-Score is 4 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is MMP Industries (NSE:MMP) Overvalued in 2026?
Based on GuruFocus' analysis, MMP Industries stock appears to be undervalued.
The current stock price of ₹279.80 is trading 16.8% below its estimated GF Value™ of ₹336.42.
GuruFocus considers MMP Industries to be Modestly Undervalued.
Key valuation signals for NSE:MMP:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: ₹336.42 vs. price of ₹279.80 (16.8% below fair value)
Industry Position: 33.3% above the Metals & Mining median (#547 of 2511)
No single metric tells the full story. See the NSE:MMP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MMP Industries Ltd is an Indian company engaged in manufacturing aluminum powders, aluminum pastes, and aluminum conductors. The products of the company are used in the construction industry. Its segments are Aluminium Powder and Paste; Aluminium Foil, Aluminium Conductor and Others. The business is spread across Europe, the Middle East, Africa and the Asia Pacific. The company generates the majority of its revenue from the Aluminium Powder and Paste segment.
87GF Score
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