Mangalore Refinery And Petrochemicals Ltd
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]
- Market Cap ₹ 26,089 Cr.
- Current Price ₹ 149
- High / Low ₹ 289 / 118
- Stock P/E 28.6
- Book Value ₹ 70.2
- Dividend Yield 1.98 %
- ROCE 25.8 %
- ROE 31.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 60.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.2%
Cons
- 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
Sector: Refineries Industry: Refineries
Part of BSE 150 MidCap Index BSE 400 MidSmallCap Index Nifty MidSmallcap 400 Nifty 200 Nifty 500
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
71,552 | 57,398 | 39,730 | 43,767 | 49,055 | 63,446 | 50,230 | 31,959 | 69,758 | 109,026 | 90,407 | 98,211 | |
70,538 | 59,565 | 38,021 | 38,775 | 44,526 | 60,816 | 53,368 | 31,252 | 64,814 | 102,498 | 82,562 | 94,590 | |
Operating Profit | 1,015 | -2,167 | 1,709 | 4,992 | 4,529 | 2,630 | -3,137 | 708 | 4,944 | 6,528 | 7,845 | 3,621 |
OPM % | 1% | -4% | 4% | 11% | 9% | 4% | -6% | 2% | 7% | 6% | 9% | 4% |
432 | 841 | 674 | 2,015 | 223 | 130 | 70 | 90 | 67 | 213 | 55 | 175 | |
Interest | 323 | 448 | 1,083 | 969 | 915 | 1,062 | 1,251 | 558 | 1,212 | 1,298 | 1,119 | 1,035 |
Depreciation | 707 | 522 | 1,013 | 984 | 966 | 1,048 | 1,086 | 1,158 | 1,088 | 1,187 | 1,257 | 1,345 |
Profit before tax | 418 | -2,295 | 287 | 5,054 | 2,871 | 651 | -5,404 | -919 | 2,711 | 4,256 | 5,523 | 1,416 |
Tax % | -45% | -19% | -77% | 35% | 38% | 46% | -25% | -17% | -9% | 38% | 35% | |
606 | -1,853 | 506 | 3,293 | 1,774 | 351 | -4,043 | -765 | 2,958 | 2,655 | 3,597 | 907 | |
EPS in Rs | 3.46 | -10.29 | 4.70 | 19.81 | 11.37 | 1.94 | -19.14 | -4.36 | 16.88 | 15.15 | 20.52 | 5.18 |
Dividend Payout % | 0% | 0% | 0% | 30% | 26% | 52% | 0% | 0% | 0% | 0% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | 2% |
5 Years: | 7% |
3 Years: | 41% |
TTM: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | 22% |
5 Years: | 60% |
3 Years: | 90% |
TTM: | -76% |
Stock Price CAGR | |
---|---|
10 Years: | 13% |
5 Years: | 28% |
3 Years: | 49% |
1 Year: | 16% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 13% |
3 Years: | 36% |
Last Year: | 32% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 5,337 | 3,478 | 4,281 | 7,750 | 8,481 | 8,193 | 4,607 | 2,495 | 5,457 | 8,112 | 11,530 | 10,554 |
9,840 | 14,702 | 14,395 | 15,477 | 14,921 | 15,618 | 18,482 | 24,062 | 21,310 | 16,939 | 12,687 | 13,533 | |
22,698 | 21,294 | 23,650 | 7,870 | 6,803 | 7,203 | 5,734 | 6,425 | 11,561 | 8,410 | 9,467 | 8,772 | |
Total Liabilities | 39,628 | 41,226 | 44,080 | 32,849 | 31,958 | 32,766 | 30,576 | 34,735 | 40,081 | 35,214 | 35,437 | 34,612 |
5,995 | 21,641 | 21,747 | 20,618 | 20,217 | 20,002 | 20,431 | 19,596 | 21,384 | 20,396 | 20,410 | 20,251 | |
CWIP | 8,552 | 1,389 | 198 | 220 | 682 | 995 | 1,746 | 2,343 | 170 | 475 | 744 | 712 |
Investments | 0 | 0 | 38 | 42 | 31 | 29 | 29 | 25 | 29 | 46 | 48 | 43 |
25,081 | 18,197 | 22,097 | 11,969 | 11,028 | 11,740 | 8,369 | 12,770 | 18,499 | 14,297 | 14,234 | 13,605 | |
Total Assets | 39,628 | 41,226 | 44,080 | 32,849 | 31,958 | 32,766 | 30,576 | 34,735 | 40,081 | 35,214 | 35,437 | 34,612 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
8,597 | -731 | 1,429 | -1,108 | 3,972 | 1,640 | 289 | -2,818 | 4,496 | 6,364 | 7,045 | |
-919 | -94 | 303 | -265 | -981 | -1,080 | -1,449 | -2,101 | -595 | -673 | -1,518 | |
1,419 | -2,672 | -1,744 | 265 | -2,796 | -996 | 1,157 | 4,944 | -3,922 | -5,690 | -5,524 | |
Net Cash Flow | 9,097 | -3,497 | -12 | -1,109 | 194 | -436 | -3 | 24 | -20 | 1 | 3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 23 | 14 | 19 | 22 | 19 | 14 | 7 | 28 | 23 | 15 | 16 |
Inventory Days | 44 | 24 | 36 | 44 | 45 | 39 | 30 | 90 | 62 | 25 | 38 |
Days Payable | 110 | 116 | 223 | 60 | 41 | 29 | 24 | 50 | 55 | 23 | 33 |
Cash Conversion Cycle | -43 | -78 | -168 | 6 | 23 | 24 | 14 | 67 | 29 | 17 | 21 |
Working Capital Days | -47 | -94 | -168 | -14 | -16 | -1 | -7 | 49 | 23 | 14 | 16 |
ROCE % | -10% | 7% | 19% | 15% | 7% | -16% | -1% | 14% | 20% | 26% |
Documents
Announcements
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
57s - Intimation of lost/stolen/fake/duplicate shares.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
24h - Cancellation and rescheduling of investor meet.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Schedule of Analyst/Institutional Investor Meeting on December 17, 2024.
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
2d - Intimation of lost/stolen duplicate shares.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 29 Nov
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Concalls
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May 2024TranscriptPPT
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]