Mangalore Refinery And Petrochemicals Ltd

₹ 144 0.60%

27 Jun 11:33 a.m.

About

Mangalore Refinery & Petrochemicals Limited (MRPL) was set up as a joint venture (JV) between the AV Birla Group and Hindustan Petroleum Corporation Limited (HPCL). It is now a subsidiary of Oil & Natural Gas Corporation(ONGC). The company is mainly engaged in the business of refining crude oil, petrochemical business, trading of aviation fuels and distribution of petroleum products through retail outlets and transport terminals. ^[1]^[2]

Key Points

Business Segments
1.Retail: The company entered the Retail fuel service stations business under the brand ‘HiQ’. As of FY24, it has a network of 101 retail outlets across Karnataka and Kerala. ^[1] ^[2]

In FY24, the total retail sales volume in the domestic market was 2.6 MMT with a sales value of Rs. ~15,400 Cr vs 1.9 MMT with a sales value of Rs. ~11,000 Cr in FY22. ^[2] ^[3]

Website BSE NSE

Market Cap ₹ 25,159 Cr.
Current Price ₹ 144
High / Low ₹ 254 / 98.9
Stock P/E 497
Book Value ₹ 73.8
Dividend Yield 2.08 %
ROCE 4.31 %
ROE 0.39 %
Face Value ₹ 10.0

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Pros

Cons

Company has low interest coverage ratio.
Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Energy Oil, Gas & Consumable Fuels Petroleum Products Refineries & Marketing

Part of BSE 500 BSE PSU Nifty 500 BSE SmallCap BSE Allcap BSE Energy BSE 250 SmallCap Index BSE 400 MidSmallCap Index Nifty LargeMidcap 250 Nifty Midcap 150 Nifty MidSmallcap 400 Nifty 500 Multicap 50:25:25 Nifty Total Market Nifty500 Equal Weight Nifty500 LargeMidSmall Equal-Cap Weighted

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	24,815	32,290	24,608	26,557	25,365	21,173	19,353	24,667	25,329	23,247	24,968	21,871	24,596
	21,874	27,576	26,603	26,270	21,875	19,105	17,215	23,508	22,990	22,641	25,442	20,840	23,466
Operating Profit	2,941	4,714	-1,995	287	3,490	2,068	2,138	1,159	2,339	606	-474	1,031	1,130
OPM %	12%	15%	-8%	1%	14%	10%	11%	5%	9%	3%	-2%	5%	5%
	-4	37	32	60	86	52	74	40	22	45	60	33	38
Interest	394	302	315	338	330	267	311	274	262	214	285	264	245
Depreciation	220	296	297	298	296	294	296	334	333	335	342	332	338
Profit before tax	2,323	4,153	-2,576	-288	2,950	1,559	1,606	591	1,766	101	-1,041	469	584
Tax %	-30%	35%	-31%	-35%	35%	35%	34%	35%	36%	35%	-34%	35%	38%
	3,008	2,708	-1,789	-188	1,908	1,013	1,059	387	1,137	66	-682	304	363
EPS in Rs	17.16	15.45	-10.21	-1.07	10.89	5.78	6.04	2.21	6.49	0.37	-3.89	1.74	2.07
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	71,815	57,463	39,647	43,208	48,451	62,062	51,002	31,959	69,758	109,026	90,407	94,682
	70,808	59,551	37,859	38,493	44,139	60,382	53,524	31,251	64,814	102,498	82,562	92,389
Operating Profit	1,007	-2,088	1,789	4,714	4,311	1,681	-2,522	708	4,944	6,528	7,845	2,293
OPM %	1%	-4%	5%	11%	9%	3%	-5%	2%	7%	6%	9%	2%
	430	838	674	2,015	154	131	97	93	64	196	53	176
Interest	321	407	594	520	443	475	749	558	1,212	1,298	1,119	1,008
Depreciation	706	499	710	678	671	757	783	1,158	1,088	1,187	1,257	1,347
Profit before tax	410	-2,156	1,158	5,531	3,351	581	-3,958	-915	2,708	4,239	5,521	113
Tax %	-47%	-21%	1%	34%	34%	43%	-31%	-17%	-9%	38%	35%	55%
	601	-1,712	1,147	3,644	2,224	332	-2,740	-761	2,955	2,638	3,596	51
EPS in Rs	3.43	-9.77	6.54	20.79	12.69	1.89	-15.64	-4.34	16.86	15.05	20.52	0.29
Dividend Payout %	0%	0%	0%	29%	24%	53%	0%	0%	0%	0%	15%	0%

Compounded Sales Growth
10 Years:	5%
5 Years:	13%
3 Years:	11%
TTM:	5%

Compounded Profit Growth
10 Years:	7%
5 Years:	15%
3 Years:	-74%
TTM:	-99%

Stock Price CAGR
10 Years:	7%
5 Years:	30%
3 Years:	16%
1 Year:	-33%

Return on Equity
10 Years:	14%
5 Years:	19%
3 Years:	19%
Last Year:	0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	1,753	1,753	1,753	1,753	1,753	1,753	1,753	1,753	1,753	1,753	1,753	1,753
Reserves	5,316	3,552	4,679	8,318	9,280	8,974	6,014	2,485	5,444	8,082	11,499	11,181
	9,793	9,032	8,075	8,541	7,950	9,131	11,896	24,062	21,310	16,939	12,687	13,143
	22,665	20,007	22,787	7,802	7,238	7,333	6,145	6,425	11,561	8,410	9,467	8,322
Total Liabilities	39,527	34,345	37,293	26,414	26,221	27,191	25,808	34,725	40,068	35,184	35,406	34,399
	5,991	14,109	14,881	14,161	14,038	13,996	14,239	19,596	21,384	20,396	20,410	20,104
CWIP	8,552	1,378	188	220	668	982	1,730	2,343	170	475	744	720
Investments	15	1,350	1,350	1,350	1,350	1,503	2,178	16	16	16	17	19
	24,969	17,508	20,874	10,684	10,166	10,710	7,661	12,770	18,499	14,297	14,234	13,555
Total Assets	39,527	34,345	37,293	26,414	26,221	27,191	25,808	34,725	40,068	35,184	35,406	34,399

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	8,602	-576	1,376	-852	3,507	569	183	-2,818	4,496	6,364	7,045	1,878
	-921	-1,408	359	-337	-966	-952	-1,563	-2,101	-595	-673	-1,518	-940
	1,387	-1,503	-1,748	67	-2,334	-55	1,379	4,944	-3,922	-5,690	-5,524	-938
Net Cash Flow	9,068	-3,487	-13	-1,121	207	-438	-1	24	-20	1	3	0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	23	15	22	22	20	14	7	28	23	15	16	14
Inventory Days	44	22	33	40	41	36	28	90	62	25	38	32
Days Payable	109	116	221	59	40	29	23	50	55	23	33	24
Cash Conversion Cycle	-43	-79	-166	3	20	21	12	67	29	17	21	21
Working Capital Days	-47	-92	-164	-16	-13	10	-3	49	23	14	16	17
ROCE %	4%	-11%	13%	27%	20%	6%	-16%	-1%	14%	20%	26%	4%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	88.58%	88.58%	88.58%	88.58%	88.58%	88.58%	88.58%	88.58%	88.58%	88.58%	88.58%	88.58%
	1.60%	1.57%	1.05%	1.07%	1.08%	1.54%	2.55%	2.68%	2.26%	1.69%	1.36%	1.31%
	1.55%	0.34%	0.28%	0.28%	0.70%	1.10%	1.57%	1.50%	1.50%	1.48%	1.66%	1.32%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	8.26%	9.51%	10.08%	10.06%	9.62%	8.76%	7.30%	7.23%	7.64%	8.23%	8.38%	8.80%
No. of Shareholders	3,77,311	3,99,820	4,04,632	4,02,051	3,93,179	3,85,945	3,69,761	4,40,569	4,67,875	5,14,267	5,14,730	5,35,236

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	88.58%	88.58%	88.58%	88.58%	88.58%	88.58%	88.58%	88.58%	88.58%
	1.80%	1.54%	1.75%	0.69%	0.74%	0.77%	1.07%	2.68%	1.31%
	3.12%	3.03%	3.13%	4.29%	2.73%	2.06%	0.28%	1.50%	1.32%
	0.00%	0.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	6.50%	6.27%	6.54%	6.44%	7.95%	8.59%	10.06%	7.23%	8.80%
No. of Shareholders	4,26,732	3,60,999	3,32,947	3,10,887	3,33,582	3,57,011	4,02,051	4,40,569	5,35,236

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Mangalore Refinery And Petrochemicals Ltd

Mangalore Refinery And Petrochemicals Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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