Mangalore Refinery And Petrochemicals Ltd.

•

mrpl.co.inBSE: 500109NSE: MRPL

Market Cap₹ 30,828 Cr.

Current Price

High / Low₹ 212 / 126

Stock P/E9.8

Book Value₹ 86

Price to Book2.22

Dividend Yield2.27 %

ROCE18.1 %

ROE14.2 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • High speed Diesel (HSD): 58.3% • Motor Spirit (MS): 28.4% • Aviation Turbine Fuel (ATF): 13.3%

AI Sector View

AI GENERATED

Oil Gas & Consumable Fuels

Reduce

Sector economics are clouded by input volatility and uneven volume trends. WPI fuel inflation is very high at 20.05% (Jul/26), crude oil output is -5.3% YoY (2026-07), natural gas is -3.7% YoY (2026-07), and natural gas consumption is -3.0% YoY (2026-06), although refinery products grew 2.7% YoY (2026-07) and coal was 7.6% YoY (2026-07). Heavy FPI outflows of INR -15293 crore over 3 months to 2026-08-31 and negative oil-linked news flow reinforce the underweight.

Confidence

78%

View full sector analysis →

PROS

Company has consistently been profitable over the last 5 years
Latest quarter profit grew 449.4% YoY, showing strong momentum
Company has delivered good sales growth of 22.6% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.05x)
Company has been maintaining a healthy dividend payout of 36.4%

CONS

Receivables are growing faster than sales - a possible quality concern
Inventory has been piling up - inventory days up from 27 to 38

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Oil Gas & Consumable FuelsCrude OilRefineries

Part ofNIFTY TOTAL MKT NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	RELIANCE	1258.00	22.78	1702393.37	0.48	23196.00	-24.65	311850.00	25.41	12.17	15.30
2.	IOC	135.25	5.68	190989.75	5.18	-1141.09	-116.76	281933.07	27.08	19.69	1.69
3.	BPCL	304.50	7.71	132107.49	5.75	-1872.70	-127.38	159527.05	23.08	27.09	-2.29
4.	HINDPETRO	351.00	44.69	74686.57	6.91	-12264.67	-398.34	145225.11	21.39	23.10	-11.08
5.	MRPL	175.90	9.81	30828.21	2.27	945.68	449.40	41608.96	98.25	18.12	3.24
6.	CHENNPETRO	1573.70	5.61	23434.19	3.94	1031.35	2671.95	29358.75	57.14	35.15	5.35

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	24,825	22,844	28,364	29,190	27,289	28,786	25,601	27,602	20,989	25,953	29,720	28,493	41,609
	22,757	20,706	27,205	26,851	26,684	29,260	24,570	26,472	20,809	24,464	26,936	26,710	40,937
Operating Profit	2,068	2,138	1,159	2,339	606	-474	1,031	1,130	179	1,489	2,785	1,783	672
OPM %	8.33%	9.36%	4.09%	8.01%	2.22%	-1.65%	4.03%	4.09%	0.86%	5.74%	9.37%	6.26%	1.62%
	52	61	40	22	45	37	33	38	38	61	39	59	-401
Interest	267	311	274	262	214	285	264	245	257	219	219	212	244
Depreciation	294	296	334	333	335	342	332	338	363	371	391	395	401
Profit before Tax	1,559	1,592	591	1,766	101	-1,064	469	584	-403	960	2,214	1,236	1,246
Tax %	35.03%	34.31%	34.52%	35.62%	34.84%	33.73%	35.19%	37.86%	32.50%	35.01%	34.73%	90.34%	24.08%
Net Profit	0	0	0	0	73	-697	309	371	-271	627	1,451	117	946
	5.79	6.00	2.24	6.50	0.42	-3.98	1.76	2.11	-1.54	3.58	8.28	0.67	5.40

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	43,767	49,055	63,446	50,230	31,959	69,758	1,09,026	90,407	94,684	88,667	1,25,775
	38,781	44,551	60,825	53,381	31,376	64,822	1,02,517	82,702	92,384	82,428	1,19,047
Operating Profit	4,986	4,504	2,621	-3,150	583	4,935	6,509	7,704	2,300	6,239	6,728
OPM %	11.39%	9.18%	4.13%	-6.27%	1.82%	7.08%	5.97%	8.52%	2.43%	7.04%	5.35%
	2,016	248	139	82	497	68	192	180	154	199	-241
Interest	969	915	1,062	1,251	841	1,212	1,298	1,119	1,016	912	894
Depreciation	984	966	1,048	1,086	1,158	1,088	1,187	1,257	1,347	1,520	1,558
Profit before Tax	5,054	2,871	651	-5,404	-919	2,711	4,256	5,523	119	4,015	5,655
Tax %	34.84%	38.23%	46.07%	25.19%	16.75%	-9.11%	37.61%	34.87%	52.72%	52.06%	44.58%
Net Profit	3,293	1,774	351	-4,043	-765	2,958	2,655	3,597	56	1,925	3,134
EPS	19.81	11.37	1.94	-19.14	-4.36	16.88	15.15	20.52	0.32	10.98	—
Dividend Payout %	30.28%	26.39%	51.54%	0.00%	0.00%	0.00%	0.00%	14.62%	0.00%	36.43%	—

COMPOUNDED SALES GROWTH

10 Years:: 8%
5 Years:: 23%
3 Years:: -7%

COMPOUNDED PROFIT GROWTH

10 Years:: 9%
5 Years:: —
3 Years:: -10%

STOCK PRICE CAGR

10 Years:: 8%
5 Years:: 33%
3 Years:: 25%
1 Year:: 38%

RETURN ON EQUITY

10 Years:: 13%
5 Years:: 26%
3 Years:: 15%
Last Year:: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	1,753	1,753	1,753	1,753	1,753	1,753	1,753	1,753	1,753	1,753
Minority Interest	373	154	300	-132	0	0	0	0	0	0
	7,750	8,481	8,193	4,607	2,495	5,457	8,112	11,530	11,217	12,444
	13,260	11,100	12,587	17,324	24,385	21,614	17,359	13,142	13,619	15,662
Trade Payables	6,044	4,793	4,693	3,277	4,003	9,382	6,169	7,204	5,810	11,063
	7,822	10,862	10,569	3,459	1,662	1,209	2,711	4,619	4,977	7,443
Total Liabilities	37,001	37,142	38,094	30,287	34,299	39,414	36,103	38,246	37,376	48,365
	20,618	20,209	19,995	20,424	19,589	21,376	20,388	20,402	20,088	20,444
Capital Work in Progress	220	682	995	1,746	2,343	170	475	721	719	828
	42	31	29	29	25	29	46	48	55	50
	4,414	5,240	6,309	4,232	7,103	10,487	6,777	8,306	7,720	14,422
	0	0	0	0	0	0	0	3,860	3,511	6,059
Cash & Bank	2,144	833	490	28	52	44	39	39	31	611
	9,563	10,147	10,278	3,828	5,187	7,309	8,379	4,870	5,252	5,952
Total Assets	37,001	37,142	38,094	30,287	34,299	39,414	36,103	38,246	37,376	48,365

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-118	4,661	1,744	375	-2,829	4,759	7,130	7,051	1,878	2,531
Cash from Investing	-265	-981	-1,080	-1,449	-2,101	-595	-673	-1,524	-940	-1,378
Cash from Financing	265	-2,796	-996	1,157	4,944	-3,922	-5,690	-5,524	-938	-598
	-1,109	194	-436	-3	24	-20	1	3	0	554

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	88.58	88.58	88.58	88.58	88.58	88.58	88.58	88.58
	1.69	1.36	1.31	1.30	1.21	2.05	3.41	2.17
	1.48	1.66	1.32	1.38	1.45	1.05	0.34	0.39
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	8.23	8.39	8.79	8.74	8.76	8.32	7.67	8.86

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

Appointment

2026-09-09 - Mangalore Refinery and Petrochemicals Limited has informed the Exchange regarding Appointment of Ram Raj & Co and A Raghavendra Rao & Associates as Statutory Auditor of the company w.e.f. September 07, 2026.

2026-08-26

General Updates

2026-08-26 - Disclosure under Regulation 30 - Notice of Penalty received from NSE and BSE for the quarter ender 30th June 2026.

2026-08-26

Shareholders meeting

2026-08-26 - Srutinizers report and voting results of Annual General Meeting held on August 24, 2026.

2026-08-24

Shareholders meeting

2026-08-24 - Mangalore Refinery and Petrochemicals Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 24, 2026

2026-08-13

Appointment

2026-08-13 - Intimation of Appointment of Non-official Directors Shri Vipin Malviya on the Board of MRPL.

2026-08-13

Appointment

2026-08-13 - Intimation of Appointment of Non-official Directors Shri Sharwan Singh Karawasra on the Board of MRPL.

2026-08-13

Appointment

2026-08-13 - Intimation of Appointment of Non-official Directors Shri Lakhan Chandra Mardi on the Board of MRPL.

2026-07-24

Copy of Newspaper Publication

2026-07-24 - Newspaper Advertisement Notice of 38th Annual General Meeting of the Company.

2026-07-23

Updates

2026-07-23 - Mangalore Refinery and Petrochemicals Limited has informed the Exchange regarding 'Submission of BRSR for FY 2025-26'.

News

Recent coverage and analyst commentary for MRPL

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Mangalore Refinery And Petrochemicals Ltd.

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Name

RELIANCE

1258.00

22.78

1702393.37

0.48

23196.00

-24.65

311850.00

25.41

12.17

15.30

IOC

135.25

5.68

190989.75

5.18

-1141.09

-116.76

281933.07

27.08

19.69

1.69

BPCL

304.50

7.71

132107.49

5.75

-1872.70

-127.38

159527.05

23.08

27.09

-2.29

HINDPETRO

351.00

44.69

74686.57

6.91

-12264.67

-398.34

145225.11

21.39

23.10

-11.08

MRPL

175.90

9.81

30828.21

2.27

945.68

449.40

41608.96

98.25

18.12

3.24

CHENNPETRO

1573.70

5.61

23434.19

3.94

1031.35

2671.95

29358.75

57.14

35.15

5.35

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

24,825

22,844

28,364

29,190

27,289

28,786

25,601

27,602

20,989

25,953

29,720

28,493

41,609

22,757

20,706

27,205

26,851

26,684

29,260

24,570

26,472

20,809

24,464

26,936

26,710

40,937

Operating Profit

2,068

2,138

1,159

2,339

606

-474

1,031

1,130

179

1,489

2,785

1,783

672

OPM %

8.33%

9.36%

4.09%

8.01%

2.22%

-1.65%

4.03%

4.09%

0.86%

5.74%

9.37%

6.26%

1.62%

-401

Interest

267

311

274

262

214

285

264

245

257

219

212

244

Depreciation

294

296

334

333

335

342

332

338

363

371

391

395

401

Profit before Tax

1,559

1,592

591

1,766

101

-1,064

469

584

-403

960

2,214

1,236

1,246

Tax %

35.03%

34.31%

34.52%

35.62%

34.84%

33.73%

35.19%

37.86%

32.50%

35.01%

34.73%

90.34%

24.08%

Net Profit

-697

309

371

-271

627

1,451

117

946

5.79

6.00

2.24

6.50

0.42

-3.98

1.76

2.11

-1.54

3.58

8.28

0.67

5.40

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

43,767

49,055

63,446

50,230

31,959

69,758

1,09,026

90,407

94,684

88,667

1,25,775

38,781

44,551

60,825

53,381

31,376

64,822

1,02,517

82,702

92,384

82,428

1,19,047

Operating Profit

4,986

4,504

2,621

-3,150

583

4,935

6,509

7,704

2,300

6,239

6,728

OPM %

11.39%

9.18%

4.13%

-6.27%

1.82%

7.08%

5.97%

8.52%

2.43%

7.04%

5.35%

2,016

248

139

497

192

180

154

199

-241

Interest

969

915

1,062

1,251

841

1,212

1,298

1,119

1,016

912

894

Depreciation

984

966

1,048

1,086

1,158

1,088

1,187

1,257

1,347

1,520

1,558

Profit before Tax

5,054

2,871

651

-5,404

-919

2,711

4,256

5,523

119

4,015

5,655

Tax %

34.84%

38.23%

46.07%

25.19%

16.75%

-9.11%

37.61%

34.87%

52.72%

52.06%

44.58%

Net Profit

3,293

1,774

351

-4,043

-765

2,958

2,655

3,597

1,925

3,134

EPS

19.81

11.37

1.94

-19.14

-4.36

16.88

15.15

20.52

0.32

10.98

—

Dividend Payout %

30.28%

26.39%

51.54%

0.00%

14.62%

0.00%

36.43%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

1,753

Minority Interest

373

154

300

-132

7,750

8,481

8,193

4,607

2,495

5,457

8,112

11,530

11,217

12,444

13,260

11,100

12,587

17,324

24,385

21,614

17,359

13,142

13,619

15,662

Trade Payables

6,044

4,793

4,693

3,277

4,003

9,382

6,169

7,204

5,810

11,063

7,822

10,862

10,569

3,459

1,662

1,209

2,711

4,619

4,977

7,443

Total Liabilities

37,001

37,142

38,094

30,287

34,299

39,414

36,103

38,246

37,376

48,365

20,618

20,209

19,995

20,424

19,589

21,376

20,388

20,402

20,088

20,444

Capital Work in Progress

220

682

995

1,746

2,343

170

475

721

719

828

4,414

5,240

6,309

4,232

7,103

10,487

6,777

8,306

7,720

14,422

3,860

3,511

6,059

Cash & Bank

2,144

833

490

611

9,563

10,147

10,278

3,828

5,187

7,309

8,379

4,870

5,252

5,952

Total Assets

37,001

37,142

38,094

30,287

34,299

39,414

36,103

38,246

37,376

48,365

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-118

4,661

1,744

375

-2,829

4,759

7,130

7,051

1,878

2,531

Cash from Investing

-265

-981

-1,080

-1,449

-2,101

-595

-673

-1,524

-940

-1,378

Cash from Financing

265

-2,796

-996

1,157

4,944

-3,922

-5,690

-5,524

-938

-598

-1,109

194

-436

-3

-20

554

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

88.58

1.69

1.36

1.31

1.30

1.21

2.05

3.41

2.17

1.48

1.66

1.32

1.38

1.45

1.05

0.34

0.39

Government

0.00

8.23

8.39

8.79

8.74

8.76

8.32

7.67

8.86

Mangalore Refinery And Petrochemicals Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Mangalore Refinery And Petrochemicals Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI