Key Metrics 
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10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
Financials 
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
₹175.75 -5.60 (-3.09%)
As on 11-Sep'26 15:13
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
₹175.75 -5.60 (-3.09%)
As on 11-Sep'26 15:13
Key Metrics
Valuation Multiples
Market Cap
₹31,783 Cr.
Current Price
₹175.8
52-Week Low / High
₹126 / 215
TTM EPS
₹17.9
TTM Sales
₹1,25,775 Cr.
Book Value per Share
₹86.2
P/E Ratio
10.12
In line with its 5-year historical median
Industry PE
24.4
Price to Book (P/B)
2.10
Higher than its 5-year historical median
Price to Sales (P/S)
0.25
Higher than its 5-year historical median
EV/EBITDA
5.98
Lower than its 5-year historical median
Dividend Yield
2.28%
Profitability Efficiency
Return on Equity (ROE)
14.17%
Underperforms industry median
Return on Capital Employed (ROCE)
18.12%
Underperforms industry median
Return on Assets (ROA)
4.49%
Operating Profit Margin
8.3%
Net Profit Margin
2.17%
Gross Profit Margin
5.2%
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
3323.91%
Asset Quality
Promoter Holding
88.58%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹13,359 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 22.64%, 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 8% 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 | 7.6% | 32.6% | 22.4% | 37.6% | ||||
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 | 11 | 13 | 17 | 2 |
Valuation of MRPL - Consolidated
Analyst's Notes
No data found!
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 (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 43,767 | 49,055 | 63,446 | 50,230 | 31,959 | 69,758 | 1,09,026 | 90,407 | 94,684 | 88,667 |
| Operating Expenses ⓘ + | 38,781 | 44,551 | 60,825 | 53,381 | 31,376 | 64,822 | 1,02,517 | 82,702 | 92,384 | 82,428 |
| Operating Profit ⓘ | 4,986 | 4,504 | 2,621 | -3,150 | 583 | 4,935 | 6,509 | 7,704 | 2,300 | 6,239 |
| Operating Profit Margin (%) | 11.4% | 9.2% | 4.1% | -6.3% | 1.8% | 7.1% | 6.0% | 8.5% | 2.4% | 7.0% |
| Other Income ⓘ + | 419 | 274 | 154 | 82 | 497 | 98 | 190 | 188 | 154 | 199 |
| Interest ⓘ | 969 | 915 | 1,062 | 1,251 | 841 | 1,212 | 1,298 | 1,119 | 1,016 | 912 |
| Depreciation ⓘ | 984 | 966 | 1,048 | 1,086 | 1,158 | 1,088 | 1,187 | 1,257 | 1,347 | 1,520 |
| Profit Before Tax ⓘ | 5,054 | 2,871 | 651 | -5,404 | -919 | 2,711 | 4,256 | 5,523 | 119 | 4,015 |
| Tax ⓘ | 1,761 | 1,098 | 300 | -1,361 | -154 | -247 | 1,600 | 1,925 | 63 | 2,090 |
| Profit After Tax | 3,293 | 1,774 | 351 | -4,043 | -765 | 2,958 | 2,655 | 3,597 | 56 | 1,925 |
| PAT Margin (%) | 7.5% | 3.6% | 0.6% | -8.1% | -2.4% | 4.2% | 2.4% | 4.0% | 0.1% | 2.2% |
| Adjusted EPS (₹) | 19.8 | 11.4 | 1.9 | -19.1 | -4.4 | 16.9 | 15.2 | 20.5 | 0.3 | 11.0 |
| Dividend Payout Ratio (%) | 30.30% | 26.40% | 51.50% | 0% | 0% | 0% | 0% | 14.60% | 0% | 36.40% |
| 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 + | 9,502 | 10,233 | 9,946 | 6,360 | 4,248 | 7,209 | 9,865 | 13,283 | 12,970 | 14,197 | |
| Debt + | 13,260 | 10,740 | 12,238 | 16,751 | 23,833 | 21,085 | 16,707 | 12,452 | 12,867 | 14,334 | |
| Minority Interest | 373 | 154 | 300 | -132 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 6,044 | 4,793 | 4,693 | 3,277 | 4,003 | 9,382 | 6,169 | 7,204 | 5,810 | 11,063 | |
| Others Liabilities ⓘ | 7,822 | 11,222 | 10,917 | 4,032 | 2,214 | 1,737 | 3,363 | 5,308 | 5,730 | 8,771 | |
| Total Liabilities ⓘ | 37,001 | 37,142 | 38,094 | 30,287 | 34,299 | 39,414 | 36,103 | 38,246 | 37,376 | 48,365 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 20,618 | 20,209 | 19,995 | 20,424 | 19,589 | 21,376 | 20,388 | 20,402 | 20,088 | 20,444 | |
| CWIP ⓘ | 220 | 682 | 995 | 1,746 | 2,343 | 170 | 475 | 744 | 729 | 897 | |
| Investments ⓘ | 42 | 31 | 29 | 29 | 25 | 29 | 46 | 48 | 55 | 50 | |
| Inventories | 4,414 | 5,240 | 6,309 | 4,232 | 7,103 | 10,487 | 6,777 | 8,306 | 7,720 | 14,422 | |
| Trade Receivables | 2,619 | 2,577 | 2,374 | 1,017 | 2,451 | 4,328 | 4,469 | 3,860 | 3,511 | 6,059 | |
| Cash Equivalents | 2,144 | 833 | 490 | 28 | 52 | 44 | 39 | 39 | 31 | 611 | |
| Others Assets ⓘ | 6,944 | 7,570 | 7,904 | 2,811 | 2,736 | 2,981 | 3,910 | 4,847 | 5,242 | 5,884 | |
| Total Assets ⓘ | 37,001 | 37,142 | 38,094 | 30,287 | 34,299 | 39,414 | 36,103 | 38,246 | 37,376 | 48,365 | |
| 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 ⓘ + | -1,108 | 3,972 | 1,640 | 289 | -2,818 | 4,496 | 6,364 | 7,051 | 1,878 | 2,531 |
| Cash Flow From Investing Activity ⓘ + | -265 | -981 | -1,080 | -1,449 | -2,101 | -595 | -673 | -1,524 | -940 | -1,378 |
| Cash Flow From Financing Activity ⓘ + | 265 | -2,796 | -996 | 1,157 | 4,944 | -3,922 | -5,690 | -5,524 | -938 | -598 |
| Net Cash Flow ⓘ | -1,109 | 194 | -436 | -3 | 24 | -20 | 1 | 3 | 0 | 554 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 42.39 | 17.97 | 3.48 | -49.58 | -14.42 | 51.64 | 31.11 | 31.08 | 0.43 | 14.17 |
| ROCE (%) | 26.53 | 15.11 | 6.75 | -16.48 | -0.29 | 13.92 | 20.25 | 25.4 | 4.4 | 18.12 |
| Asset Turnover Ratio | 1.44 | 1.72 | 1.96 | 1.75 | 1.57 | 2.34 | 3.3 | 2.83 | 2.9 | 2.46 |
| PAT to CFO Conversion(x) | -0.34 | 2.24 | 4.67 | N/A | N/A | 1.52 | 2.4 | 1.96 | 33.54 | 1.31 |
| Working Capital Days | ||||||||||
| Receivable Days | 14.30 | 14.90 | 12.30 | 10.30 | 12.50 | 14.40 | 12.90 | 14.50 | 12.30 | 16.50 |
| Inventory Days | 23.70 | 27.70 | 28.60 | 32.10 | 40.70 | 37.30 | 25.30 | 26.20 | 26.70 | 38.30 |
| Payable Days | 135.30 | 46.60 | 29.50 | 28.80 | 45.30 | 39.30 | 28.80 | 30.60 | 26.60 | 39.50 |
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Mangalore Refinery And Petrochemicals Ltd FAQs
The current trading price of MRPL on 11-Sep-2026 15:13 is ₹175.8.
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 10-Sep-2026 the market cap of MRPL stood at ₹31,783.4 Cr
The latest P/E ratio of MRPL as of 10-Sep-2026 is 10.19.
The latest P/B ratio of MRPL as of 10-Sep-2026 is 2.11.
The 52-week high of MRPL is ₹214.9 and the 52-week low is ₹125.5.
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 (MRPL) is a leading petroleum refining company and a Schedule ‘A’ Miniratna Central Public Sector Enterprise (CPSE). It operates as a subsidiary of Oil and Natural Gas Corporation (ONGC) and functions under the administrative control of the Ministry of Petroleum and Natural Gas, Government of India. Located in Katipalla, near Mangaluru in Karnataka, MRPL benefits from its proximity to major port facilities, robust logistics infrastructure, and industrial clusters. Its strategic positioning supports efficient crude imports and wide-scale product distribution, reinforcing its role in the national energy supply chain.
Incorporated in 1988, MRPL was initially promoted as a joint venture between Hindustan Petroleum Corporation (HPCL) and Indian Rayon and Industries (IRIL) of the A.V. Birla Group. The vision was to establish a grassroots refinery to meet the energy demands of the southern region of India. Commercial operations began in 1996, with a refining capacity of 3.69 million metric tonnes per annum (MMTPA). A major turning point occurred on March 28, 2003, when ONGC acquired the A.V. Birla Group’s equity stake and infused fresh capital of Rs 600 crore. This strategic move led to MRPL becoming a majority-owned subsidiary of ONGC, enabling it to embark on a path of modernization, capacity enhancement, and operational excellence.
MRPL currently operates a technologically advanced refinery, making it one of the most versatile and complex refineries in India. The plant is capable of processing a diverse slate of crudes - from light to heavy, sweet to sour - across a wide API gravity range of 24 degree to 46 degree. The refinery produces high-value distillates and fuels compliant with Bharat Stage-VI and other grades, addressing both domestic and international market needs.
Business area of the company
The company is engaged in the business of refining of crude oil and marketing of related products.
Products and services:
- Retail Sales
- Retail Sale Price
- Consumer Sale
- Petrochemicals Sale
Awards and Recognition
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.
2012-13
- 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
2013-14
- 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.
2014-15
- 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.
- 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.
2015-16
- On 22nd January 2016 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.
2018-19
- 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
2019-20
- Dun & Bradstreet PSU Award for being the Best Miniratna in ‘Manufacturing, Processing and Generation’ category
- 19th Annual Greentech Award 2019
2020-21
- 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
2021-22
- Indian Green Manufacturing Challenge (IGCM) 2020-21 – Gold Medal
- Won two state level Safety Awards for best co-generation boiler.
- Won best safety practices in Oil & Gas Industry award.
2022-23
- The company has been recognised as “Global Water Management and Conservation Company of the Year” by Global Energy and Environment Foundation.
- NMPA excellence Award for Handling of the highest volume of product at POL.
- NMPA Excellnce Award for Handling of the highest volume of liquid bulk cargo (Crude Oil).
- Bagged “Best Furnace Efficiency Award” as part of ‘SAKSHAM’ 2020 campaign. This award was received from Minister MoPNG during the Energy Technology Meet held in Bangalore.
- Received award for “Best Innovation in Refinery for 2021-22” by MoPNG. This award too was received from Minister MoPNG during the Energy Technology Meet held in Bangalore.
- The company has been awarded in 8 categories during the annual conference of Public Relations Council of India held at Kolkata.
- The company has bagged 2 awards incorporated by Public Relation Society of India during its National Conference held at Bhopal.
- Has received “International Greentech EHS Award 2023” from Greentech Foundation.
- Is conferred with 4th Prize in recognition of the efforts during Swachhta Pakhwada – 2022 by the MoPNG.
- Top Performer Designated Consumer Award for Petroleum Refining Sector under PAT Program
- The company has been awarded prestigious FICCI - GIZ Gold award from FICCI.
- Karnataka State Safety Award for Aromatic Complex
- The company has been conferred with Platinum award during the event, Grow Care India Sustainability Award 2022.
2023-24
- MRPL received the award for “Best Innovation in Refinery for 2022-23” by MoPNG from Minister MoPNG during the Energy Technology Meet held in Mumbai.
- MRPL becomes India's first refinery to achieve AS9100: D certification for aerospace standards in aviation turbine fuel production.
- GeM (Government E Market place) has selected MRPL as the winner in the 'GeM Star Buyers' category in the Kreta- Vikreta Gaurav Samman Samaroh.
- The company has been recognized as the “Global Water Management and Conservation Company of the Year 2023” by the Global Energy and Environment Foundation.
- Dun & Bradstreet conferred MRPL the award for being the Best Miniratna in the Manufacturing, Processing and Generation category.
- The company has been conferred with a Platinum award, Grow Care India Sustainability Award 2023 & Occupational Health & Safety Award 2023.
- The company has been awarded in 12 categories during the annual conference of the Public Relations Council of India held in New Delhi.
- The company has bagged 3 awards incorporated by the Public Relations Society of India during its National Conference held in New Delhi in the categories of Social Media for PR & Branding, Best CSR Project for Child care & Best Skill Development Program.
- The company has won the first prize for outstanding contribution to the implementation of the Official Language policy of GoI & Promotion of Hindi in official work for the year 2022-23.
- The company has received prestigious EEF Global Water Management Company of the year award 2023 from Kaushal Kishore, Minister for Housing and Urban Affairs of India on August 25, 2023, at New Delhi.
- The company has awarded the prestigious Greentech EHS Award 2023 for its commitment to sustainability and environmental stewardship. The Greentech Award is given to businesses that demonstrate a commitment to reducing their environmental impact and promoting sustainability.
- WIPS-MRPL clinched Second Place among Mini Ratna CPSEs for their outstanding efforts in empowering women within the organization.
2024-25
- Water Conservation and Horticulture Development Award.
- 1st Prize in Best Cogen Boiler State-level award.
- Best Innovation in Refinery award 2024 at ETM.
- Greentech Award for Circular Economy Leadership in Waste Management & Recycling.
- Mahatma Award-2024 for Corporate Environment Excellence (CER).
- MRPL honoured for Innovative HR Practices at Asian Leadership Awards 2024.
- The Economic Times HR Future Ready Organization Award 2024-25.
- Mahatma Award-2024 for HR Excellence and Social Impact.
- Organization with Innovative HR Practices at the Asia Pacific HRM Congress Award-2024.
- Outstanding Award for Official Language Implementation.
- 8 Excellence awards at Global Communication PRCI Conclave.
- 4 Excellence National Awards 2024 at PRCI National Conclave.
- Prestigious Governance Now 11th PSU Awards.
- GEEF Global Environment Award 2024 in Gold Category.
- The Economic Times HR Future Ready Organization Award 2024-25.
- MRPL Aromatic Complex wins National Safety Council award 2024.
- MRPL Aromatic Complex honoured with 2nd prize for “Best safety practices in Oil & Gas Industries Category” by Dept. of Factories, Boilers, Industrial Safety and Health, Government of Karnataka.
- Best Official Language Implementation award at Vishwa Hindi parishad.
2025-26
- FIPI Awards 2025 - MRPL wins Innovator of the Year (Team) award during IEW 2025.
- MRPL won the Innovation Award 2024–25 at the 28th Energy Technology Meet held in Hyderabad for its excellence in R&D innovation. This marks the fourth consecutive year that MRPL has received this prestigious recognition.
- MRPL won an Award at FKCCI India CSR Sustainability conference.
- MRPL won the Karnataka Best Employer Brand Award 2025.
- MRPL shined at the PRCI Excellence Awards 2025, securing an impressive total of 11 awards at Goa.
- MRPL received Mahatma Award for HR Excellence.
- MRPL wins 19th Exceed Environment Award 2025 for its advancements in waste management, air quality, and water conservation.
- MRPL Honoured with Rajbhasha Award at the International Hindi Conference 2025.
- MRPL received the 24th Global Greentech Environment and Sustainability Award 2025.
- MRPL Bagged “Largest Cargo Handling Stakeholder” Award for Financial Year 2024–25 from NMPA.
- MRPL won the HR Digitization Award at the HR Distinction Awards – South, Organized by the HR Association of India.
- MRPL won the Journal of Supply Chain Excellency Award at India Supply Chain Summit 2025.
- MRPL won the NSC Safety Awards 2025 in the Manufacturing Sector (Oil & Gas category), underscoring its strong commitment to workplace safety and operational excellence.
- MRPL Aromatic Complex was awarded Prashansa Patra Safety Awards 2025 from National Safety Council, Mumbaiunder Group “A” (Petroleum refineries, gas processing units and petro-chemical complexes).
- MRPL was awarded the ‘Global Sustainable Energy Transition Company of the Year 2025’ at the GEEF Global Sustainability Awards 2025.
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