Key Metrics 
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10 Yrs X-Ray 
Profit & Loss 
Valuation 
Analyst Note 
Balance Sheet 
Cash Flow 
Financial Ratio 
Qtr. Results 
News 
About
Mangalore Refinery And Petrochemicals Ltd (MRPL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500109 NSE: MRPL Refineries | Small Cap | MRPL Share Price
₹169.70 -6.35 (-3.61%)
As on 24-Jul'26 16:59
Mangalore Refinery And Petrochemicals Ltd (MRPL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500109 NSE: MRPL Refineries | Small Cap | MRPL Share Price
₹169.70 -6.35 (-3.61%)
As on 24-Jul'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹29,742 Cr.
Current Price
₹169.7
52-Week Low / High
₹120 / 215
TTM EPS
₹17.8
TTM Sales
₹1,25,775 Cr.
Book Value per Share
₹86.1
P/E Ratio
9.54
Lower than its 5-year historical median
Industry PE
22.4
Price to Book (P/B)
1.97
Higher than its 5-year historical median
Price to Sales (P/S)
0.24
Higher than its 5-year historical median
EV/EBITDA
5.70
Lower than its 5-year historical median
Dividend Yield
2.36%
Profitability Efficiency
Return on Equity (ROE)
14.25%
Underperforms industry median
Return on Capital Employed (ROCE)
18.17%
Underperforms industry median
Return on Assets (ROA)
4.51%
Operating Profit Margin
8.3%
Net Profit Margin
2.18%
Gross Profit Margin
5.3%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-6.35%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
171.3%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
3718.15%
Asset Quality
Promoter Holding
88.58%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹13,329 Cr.
Equity
₹1,752.6 Cr.
Face Value
₹10
All Time Low / High
₹4.70 / 289.25
Check Before You Invest
Quality
Somewhat GoodValuation
FairCheck Valuation charts
Price Trend
Strong
Is Mangalore Refinery And Petrochemicals Ltd a good quality company?
Mangalore Refinery And Petrochemicals Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Mangalore Refinery And Petrochemicals Ltd performance compare with that of its Peers?
Revenue growth of Mangalore Refinery And Petrochemicals Ltd vs industry peers?
Mangalore Refinery And Petrochemicals Ltd revenue CAGR is 22.64%, compared to the industry median CAGR of 21.70%, indicating stable growth and maintaining its market share.
Promoter shareholding and pledge status of Mangalore Refinery And Petrochemicals Ltd?
Promoters hold 88.58% of the Mangalore Refinery And Petrochemicals Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Mangalore Refinery And Petrochemicals Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 7% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Mangalore Refinery And Petrochemicals Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 36.5% | 20.2% | 5.4% | -16.2% | -0.3% | 13.9% | 20.2% | 25.4% | 4.4% | 18.2% | - |
| Value Creation Index ⓘ | 1.7 | 0.8 | -0.6 | -2.2 | -1.0 | 0.0 | 0.5 | 1.3 | -0.7 | 0.6 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 43,208 | 48,451 | 62,062 | 51,002 | 31,959 | 69,758 | 1,09,026 | 90,407 | 94,684 | 88,667 | 1,25,775 |
| Sales YoY Gr. | - | 12.1% | 28.1% | -17.8% | -37.3% | 118.3% | 56.3% | -17.1% | 4.7% | -6.4% | - |
| Adj EPS ⓘ | 14.7 | 12.8 | 3.2 | -12.9 | -5.9 | 18 | 20.5 | 21.7 | 1.1 | 15.7 | 17.8 |
| YoY Gr. | - | -12.5% | -75.4% | -507% | NA | NA | 13.4% | 5.8% | -94.8% | 1285% | - |
| BVPS (₹) ⓘ | 57.5 | 63 | 61.2 | 44.3 | 24.2 | 41.1 | 56.1 | 75.6 | 73.8 | 80.8 | 86.1 |
| Adj Net Profit ⓘ | 2,571 | 2,251 | 553 | -2,253 | -1,036 | 3,162 | 3,586 | 3,795 | 197 | 2,743 | 3,118 |
| Cash Flow from Ops. ⓘ | -852 | 3,507 | 569 | 183 | -2,818 | 4,496 | 6,364 | 7,051 | 1,878 | 2,531 | - |
| Debt/CF from Ops. ⓘ | -10 | 2.3 | 16 | 64.9 | -8.5 | 4.7 | 2.6 | 1.8 | 6.9 | 5.7 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 8.3% | 22.6% | -6.7% | -6.4% | ||||
| Adj EPS ⓘ | 0.7% | NA | -8.6% | 1285% | ||||
| BVPSⓘ | 3.9% | 27.3% | 12.9% | 9.5% | ||||
| Share Price | 7.7% | 29.6% | 27.3% | 20.6% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 31.2 | 21.3 | 5.1 | -24.4 | -17.3 | 55.3 | 42.1 | 32.9 | 1.5 | 20.2 | 21.3 |
| Op. Profit Mgn % ⓘ | 11.1 | 8.9 | 3.2 | -3.6 | 1.9 | 7.5 | 7.2 | 8.8 | 2.7 | 8.3 | 6.1 |
| Net Profit Mgn % ⓘ | 6 | 4.7 | 0.9 | -4.4 | -3.2 | 4.5 | 3.3 | 4.2 | 0.2 | 3.1 | 2.5 |
| Debt to Equity ⓘ | 0.9 | 0.7 | 0.9 | 1.5 | 5.6 | 2.9 | 1.7 | 0.9 | 1 | 1 | - |
| Working Cap Days ⓘ | 71 | 80 | 76 | 72 | 74 | 64 | 48 | 56 | 56 | 74 | 29 |
| Cash Conv. Cycle ⓘ | -91 | -3 | 11 | 12 | 11 | 15 | 10 | 12 | 13 | 17 | 2 |
Profit And Loss
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 43,208 | 48,451 | 62,062 | 51,002 | 31,959 | 69,758 | 1,09,026 | 90,407 | 94,684 | 88,667 |
| Operating Expenses ⓘ + | 38,499 | 44,177 | 60,391 | 53,532 | 31,376 | 64,822 | 1,02,517 | 82,702 | 92,384 | 82,428 |
| Operating Profit ⓘ | 4,709 | 4,273 | 1,672 | -2,530 | 583 | 4,935 | 6,509 | 7,704 | 2,300 | 6,239 |
| Operating Profit Margin (%) | 10.9% | 8.8% | 2.7% | -5.0% | 1.8% | 7.1% | 6.0% | 8.5% | 2.4% | 7.0% |
| Other Income ⓘ + | 423 | 217 | 155 | 105 | 501 | 103 | 212 | 202 | 176 | 214 |
| Interest ⓘ | 520 | 443 | 475 | 749 | 841 | 1,212 | 1,298 | 1,119 | 1,016 | 912 |
| Depreciation ⓘ | 678 | 671 | 757 | 783 | 1,158 | 1,088 | 1,187 | 1,257 | 1,347 | 1,520 |
| Profit Before Tax ⓘ | 5,531 | 3,351 | 581 | -3,957 | -915 | 2,708 | 4,239 | 5,521 | 113 | 4,022 |
| Tax ⓘ | 1,888 | 1,127 | 249 | -1,217 | -154 | -247 | 1,600 | 1,925 | 63 | 2,090 |
| Profit After Tax | 3,644 | 2,224 | 332 | -2,740 | -761 | 2,955 | 2,638 | 3,596 | 51 | 1,931 |
| PAT Margin (%) | 8.4% | 4.6% | 0.5% | -5.4% | -2.4% | 4.2% | 2.4% | 4.0% | 0.1% | 2.2% |
| Adjusted EPS (₹) | 20.8 | 12.7 | 1.9 | -15.6 | -4.3 | 16.9 | 15.1 | 20.5 | 0.3 | 11.0 |
| Dividend Payout Ratio (%) | 28.90% | 23.60% | 52.80% | 0% | 0% | 0% | 0% | 14.60% | 0% | 36.30% |
Valuation of MRPL - Standalone
Analyst's Notes
No data found!
Balance Sheet
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 10,070 | 11,033 | 10,727 | 7,767 | 4,238 | 7,196 | 9,835 | 13,251 | 12,934 | 14,167 | |
| Debt + | 6,633 | 4,577 | 8,078 | 10,388 | 23,833 | 21,085 | 16,707 | 12,452 | 12,867 | 14,334 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 6,034 | 4,710 | 4,675 | 3,271 | 4,003 | 9,382 | 6,169 | 7,204 | 5,810 | 11,063 | |
| Others Liabilities ⓘ | 8,139 | 11,085 | 9,040 | 5,005 | 2,214 | 1,737 | 3,363 | 5,308 | 5,730 | 8,771 | |
| Total Liabilities ⓘ | 30,876 | 31,406 | 32,519 | 26,430 | 34,289 | 39,401 | 36,073 | 38,215 | 37,340 | 48,335 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 14,161 | 14,031 | 13,988 | 14,231 | 19,589 | 21,376 | 20,388 | 20,402 | 20,088 | 20,444 | |
| CWIP ⓘ | 220 | 668 | 982 | 1,730 | 2,343 | 170 | 475 | 744 | 729 | 897 | |
| Investments ⓘ | 1,350 | 1,350 | 1,503 | 2,178 | 15 | 15 | 16 | 17 | 19 | 20 | |
| Inventories | 4,039 | 4,735 | 5,811 | 3,890 | 7,103 | 10,487 | 6,777 | 8,306 | 7,720 | 14,422 | |
| Trade Receivables | 2,621 | 2,661 | 2,322 | 1,042 | 2,451 | 4,328 | 4,469 | 3,860 | 3,511 | 6,059 | |
| Cash Equivalents | 2,131 | 833 | 488 | 28 | 52 | 44 | 39 | 39 | 31 | 611 | |
| Others Assets ⓘ | 6,355 | 7,129 | 7,425 | 3,330 | 2,736 | 2,981 | 3,910 | 4,847 | 5,242 | 5,884 | |
| Total Assets ⓘ | 30,876 | 31,406 | 32,519 | 26,430 | 34,289 | 39,401 | 36,073 | 38,215 | 37,340 | 48,335 | |
Cash Flow
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -852 | 3,507 | 569 | 183 | -2,818 | 4,496 | 6,364 | 7,051 | 1,878 | 2,531 |
| Cash Flow From Investing Activity ⓘ + | -337 | -966 | -952 | -1,563 | -2,101 | -595 | -673 | -1,524 | -940 | -1,378 |
| Cash Flow From Financing Activity ⓘ + | 67 | -2,334 | -55 | 1,379 | 4,944 | -3,922 | -5,690 | -5,524 | -938 | -598 |
| Net Cash Flow ⓘ | -1,121 | 207 | -438 | -1 | 24 | -20 | 1 | 3 | 0 | 554 |
Financial Ratio
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 44.16 | 21.08 | 3.05 | -29.64 | -12.68 | 51.69 | 30.98 | 31.15 | 0.39 | 14.25 |
| ROCE (%) | 36.54 | 20.18 | 5.43 | -16.24 | -0.31 | 13.91 | 20.2 | 25.42 | 4.38 | 18.17 |
| Asset Turnover Ratio | 1.67 | 2.03 | 2.26 | 2.06 | 1.67 | 2.34 | 3.31 | 2.83 | 2.9 | 2.47 |
| PAT to CFO Conversion(x) | -0.23 | 1.58 | 1.71 | N/A | N/A | 1.52 | 2.41 | 1.96 | 36.82 | 1.31 |
| Working Capital Days | ||||||||||
| Receivable Days | 15.40 | 15.30 | 12.60 | 10.10 | 12.60 | 14.40 | 12.90 | 14.50 | 12.30 | 16.50 |
| Inventory Days | 22.20 | 25.40 | 26.60 | 29.10 | 39.50 | 37.30 | 25.30 | 26.20 | 26.70 | 38.30 |
| Payable Days | 134.50 | 46 | 29.30 | 28.40 | 45.30 | 39.30 | 28.80 | 30.60 | 26.60 | 39.50 |
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Mangalore Refinery And Petrochemicals Ltd FAQs
The current trading price of MRPL on 24-Jul-2026 16:59 is ₹169.7.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Jul-2026 the market cap of MRPL stood at ₹29,741.6 Cr
The latest P/E ratio of MRPL as of 23-Jul-2026 is 9.54.
The latest P/B ratio of MRPL as of 23-Jul-2026 is 1.97.
The 52-week high of MRPL is ₹214.9 and the 52-week low is ₹120.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of MRPL is ₹1,25,775 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Mangalore Refinery And Petrochemicals Ltd is a average quality company.
The key valuation ratios of Mangalore Refinery And Petrochemicals Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Mangalore Refinery And Petrochemicals Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
About Mangalore Refinery And Petrochemicals Ltd
Mangalore Refinery and Petrochemicals Limited (MRPL) is Category 1 Miniratna Central Public Sector Enterprise (CPSE) under the Ministry of Petroleum & Natural Gas. MRPL is located in a beautiful hilly terrain, north of Mangaluru city, in Dakshina Kannada District of Karnataka State (India). Refinery has got a versatile design with complex secondary processing units and a high flexibility to process Crudes of various API, delivering a variety of quality products.
MRPL, with its parent company Oil and Natural Gas Corporation Limited (ONGC), owns and operates ONGC Mangalore Petrochemicals Limited (OMPL), OMPL, situated in the adjacent Mangalore Special Economic Zone ( MSEZ), is integrated with the refinery operations. Para Xylene and Benzene products from OMPL are sold in the export market.
Shell MRPL Aviation Fuels and Services Limited (SMA) is a 50:50 joint venture between MRPL and Shell Gas B.V. (Shell), a step down subsidiary of Royal Dutch Shell Plc, Netherlands markets aviation turbine fuel (ATF) to airlines, both domestic as well as International carriers. SMA currently procures ATF from MRPL Refinery Complex and supplies at various airports like Bengaluru, Goa, Mangalore, Hyderabad, Chennai, Calicut, Madurai, Trichy, Coimbatore, Kannur etc. SMA enable Indian carriers fuelling requirement across International Airports.
Business area of the company
The Company is engaged in the business of refining of crude oil. The Company is a subsidiary of Oil and Natural Gas Corporation Limited which holds 71.63% equity shares.
Products and services:
- Retail Sales
- Retail Sale Price
- Consumer Sale
- Petrochemicals Sale
Awards and Recognition
FY 2011-12
- State Gold award for excellence in exports (Non-SSI) for 2000-2001
- Conferred Star Trading House status on September 21, 2001.
- ‘Certificate of Merit’ for Energy conservation performance in 2001, by Ministry of Power
- State Gold award for excellence in exports (Non -SSI) for 2001-2002
- IS0 14001:2004 certification by TUV Rheinland.
- Export award from Kanara Chamber of Commerce for 2002-2003.
- ISO:9002 certification on December 1999 and was re-certified ISO 9001:2008.
- Oil Conservation Award from Ministry of Petroleum and Natural Gas on January 31, 2003.
FY2012-13
- MRPL has been upgraded from Schedule ‘B’ to Schedule ‘A’ company.
- MRPL has bagged the coveted Petrofed Award, 2012 “Refinery of the Year” for the commendable performance in production and operational efficiencies while meeting the norms of health, safety and environment protection.
- MRPL has won “Export Excellence Award, 2013” in Best Manufacturer - Exporter - large category- Gold by Federation of Karnataka Chamber of Commerce and Industry.
- MRPL was conferred “State Export Excellence Award” for 2010-11 & 2009-10 Medium/Large category - - Gold by Government of Karnataka.
- MRPL has been rated “Excellent” in performance as per the MoU signed with ONGC for the year 2011-12 and 2012-13 (provisional).
- Managing Director, MRPL has won the “CEO with HR Orientation Award” in the Global HR Excellence Awards presented by Institute of Public Enterprise, Hyderabad.
- MRPL was conferred with “BT-Star PSU Excellence Award, 2013” in Human Resource Management category (Miniratna /others).
- MRPL was awarded First Prize for outstanding performance in the area on Hindi Implementation for two consecutive years 2011-12 and 2012-13 by the Town Official Language Implementation Committee, Mangalore
FY2013-14
- Won the coveted Petrofed Award “Refinery of the Year-2012” for its commendable performance in production and operational efficiencies while adhering to the norms of health, safety and environment protection.
- Won the “Refinery of the Year” from Petrofed for the year 2011-12 for leading performance in production and operational efficiencies while meeting the norms of Health, Safety and Environment protection.
- Won the “Export Excellence Award, 2013” in Best Manufacturer / Exporter (large category) - Gold from the Federation of Karnataka Chamber of Commerce and Industry (FKCCI).
- Secured the first prize for outstanding performance in the area of Hindi Implementation for the year 2012-13 by Town Official Language Committee(TOLIC), Mangalore.
- Secured the first prize in the Jawaharlal Nehru Centenary Awards for energy performance for the year 2011-12 & 2012-13 under the Refineries category having complexity of 6.0.
- Secured the first prize in the OGCF-2012 awards for Furnace/Boiler efficiency having heat duty more than 1000MM Kcal/hr.
- Won the “State Export Excellence Award” for 2012-13 & 2011-12 Medium/ Large category - Gold & Platinum respectively by Government of Karnataka.
- Won the award for “Best Fuel efficient Boiler operation” by the Department of Factories and Boilers on the occasion of 43rd National Safety Day celebration.
FY2014-15
- Won the “Export Excellence Award, 2014” in Best Exporter Award (Medium/large category) from the Federation of Karnataka Chamber of Commerce and Industry (FKCCI) for FY 2013-14
- Won the Silver at “Niryat Shree Award -2014” in the residual sector of the MSME at FIEO (Federation of Indian Export Organisation).
- MRPL has conferred the prestigious “Skoch Foundation Order - of-Merit Award” for the best project in the country.
- Shri Vishnu Agrawal, Director Finance of MRPL was adjudged winner of the ‘BT-STAR Excellence Award in the category PSU- small,- DIRECTOR-FINANCE OF THE YEAR’ post a rigorous evaluation process by the Jury of the BT-Star Excellence Awards 2015.
- MRPL won the first prize for outstanding performance in the area of Hindi Implementation for the year 2014-15 for fourth consecutive year by TOLIC, Mangalore.
FY2015-16
- On 22nd January 2016 Shri H. Kumar, Managing Director MRPL was conferred with the “Shrada- Top Rankers award (ICONIC TURN AROUND)” at the 17th National Management Summit on “Global Corporate battle – Raising the Performance Bar', at New Delhi.
FY2018-19
- Srishti Good Green Governance Award
- BML Munjal award
- Platinum Trophy at 18th Annual Green tech Environment Award
- SCOPE CC Excellence Award -2nd prize for ‘Best In-house Journal - English
- MRPL bags “Fieldcomm Group 2018 Plant of the Year” Global Award
FY2019-20
- Dun & Bradstreet PSU Award for being the Best Miniratna in ‘Manufacturing, Processing and Generation’ category
- 19th Annual Greentech Award 2019
FY2020-21
- MRPL won Silver Medal IGMC award
- Prestigious Patent Awarded to MRPL
- MRPL has Awarded a Patent for “OXIDATIVE TREATMENT OF REFINERY SPENT CAUSTIC”
- MRPL bagged Corporate Communication Awards for Covid contribution
- MRPL Bagged Corporate Communication Award For Best Event Management
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