Mangalore Refinery And Petrochemicals Ltd

About [ edit ]

Mangalore Refinery And Petrochemicals is engaged in the business of refining of crude oil.(Source : 201903 Annual Report Page No: 112)

  • Market Cap 6,292 Cr.
  • Current Price 35.9
  • High / Low 46.1 / 25.0
  • Stock P/E
  • Book Value 35.5
  • Dividend Yield 0.00 %
  • ROCE -16.7 %
  • ROE -41.0 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.01 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.63% over past five years.
  • Company has a low return on equity of -3.42% for last 3 years.
  • Company might be capitalizing the interest cost

Peer comparison

Sector: Refineries Industry: Refineries

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
13,821 15,708 18,044 15,752 9,256 12,986 14,092 13,870 4,383 6,167 7,893
13,148 15,564 17,703 14,416 9,640 13,616 13,841 16,289 4,978 5,833 7,843
Operating Profit 674 144 341 1,336 -384 -630 251 -2,419 -595 334 50
OPM % 5% 1% 2% 8% -4% -5% 2% -17% -14% 5% 1%
Other Income 47 142 53 21 49 19 26 17 22 17 33
Interest 251 262 226 320 245 387 309 301 211 -26 109
Depreciation 243 255 252 297 266 277 271 272 276 287 302
Profit before tax 228 -231 -85 740 -845 -1,275 -303 -2,974 -1,060 90 -327
Tax % 46% 17% 8% 33% 35% 21% 24% 24% 29% 90% 23%
Net Profit 237 -142 -110 355 -451 -864 -151 -1,887 -720 112 -214
EPS in Rs 1.35 -0.81 -0.63 2.02 -2.57 -4.93 -0.86 -10.77 -4.11 0.64 -1.22

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
71,552 57,398 39,730 43,767 49,055 63,446 50,230 32,313
70,539 59,608 38,021 38,781 44,526 60,816 53,368 34,943
Operating Profit 1,013 -2,209 1,709 4,986 4,529 2,630 -3,137 -2,630
OPM % 1% -4% 4% 11% 9% 4% -6% -8%
Other Income 434 884 674 2,021 223 130 70 90
Interest 323 448 1,083 969 915 1,062 1,245 594
Depreciation 707 522 1,013 984 966 1,048 1,086 1,137
Profit before tax 418 -2,295 287 5,054 2,871 651 -5,398 -4,271
Tax % -45% 19% -77% 35% 38% 46% 25%
Net Profit 606 -1,803 824 3,473 1,993 340 -3,353 -2,709
EPS in Rs 3.46 -10.29 4.70 19.81 11.37 1.94 -19.13 -15.46
Dividend Payout % 0% 0% 0% 30% 26% 52% 0%
Compounded Sales Growth
10 Years:%
5 Years:-3%
3 Years:5%
TTM:-38%
Compounded Profit Growth
10 Years:%
5 Years:-29%
3 Years:%
TTM:-144%
Stock Price CAGR
10 Years:-7%
5 Years:-12%
3 Years:-31%
1 Year:32%
Return on Equity
10 Years:%
5 Years:6%
3 Years:-3%
Last Year:-41%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
1,753 1,753 1,753 1,753 1,753 1,753 1,753 1,753
Reserves 5,337 3,478 4,281 7,747 8,477 8,193 4,609 4,470
Borrowings 9,840 14,702 14,395 15,477 14,921 15,618 17,703 18,306
22,698 21,294 23,650 7,873 6,807 7,203 6,578 7,338
Total Liabilities 39,628 41,226 44,080 32,849 31,958 32,766 30,642 31,866
5,995 21,641 21,747 20,618 20,217 20,002 20,431 20,064
CWIP 8,552 1,389 198 220 682 995 1,746 2,041
Investments 0 0 38 42 31 29 29 26
25,081 18,197 22,097 11,969 11,028 11,740 8,435 9,736
Total Assets 39,628 41,226 44,080 32,849 31,958 32,766 30,642 31,866

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
8,597 -731 1,429 -1,108 3,972 1,640 478
-919 -94 303 -265 -981 -1,080 -1,449
1,419 -2,672 -1,744 265 -2,796 -996 968
Net Cash Flow 9,097 -3,497 -12 -1,109 194 -436 -3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % -10% 8% 20% 15% 7% -17%
Debtor Days 23 14 19 22 19 14 7
Inventory Turnover 9.45 9.88 9.57 8.84 10.18 9.67

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
88.58 88.58 88.58 88.58 88.58 88.58 88.58 88.58 88.58 88.58 88.58 88.58
1.56 1.62 1.71 1.75 1.63 1.57 1.48 0.69 0.60 0.56 0.61 0.74
3.12 3.20 3.18 3.13 3.28 3.51 3.55 4.29 4.00 2.90 2.68 2.73
6.74 6.60 6.53 6.54 6.51 6.34 6.39 6.44 6.81 7.96 8.12 7.95

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