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 ₹ 33,337 Cr.
- Current Price ₹ 190
- High / Low ₹ 215 / 108
- Stock P/E 15.3
- Book Value ₹ 75.8
- Dividend Yield 2.10 %
- ROCE 4.36 %
- ROE 0.40 %
- Face Value ₹ 10.0
Pros
Cons
* 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 Nifty Smallcap 100 BSE Allcap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 71,815 | 57,463 | 39,647 | 43,208 | 48,451 | 62,062 | 51,002 | 31,959 | 69,758 | 109,026 | 90,407 | 94,682 | 89,312 | |
| 70,808 | 59,551 | 37,859 | 38,493 | 44,139 | 60,382 | 53,524 | 31,251 | 64,814 | 102,498 | 82,550 | 92,375 | 83,730 | |
| Operating Profit | 1,007 | -2,088 | 1,789 | 4,714 | 4,311 | 1,681 | -2,522 | 708 | 4,944 | 6,528 | 7,857 | 2,306 | 5,583 |
| OPM % | 1% | -4% | 5% | 11% | 9% | 3% | -5% | 2% | 7% | 6% | 9% | 2% | 6% |
| 430 | 838 | 674 | 2,015 | 154 | 131 | 97 | 93 | 64 | 196 | 41 | 170 | 191 | |
| Interest | 321 | 407 | 594 | 520 | 443 | 475 | 749 | 558 | 1,212 | 1,298 | 1,119 | 1,016 | 941 |
| Depreciation | 706 | 499 | 710 | 678 | 671 | 757 | 783 | 1,158 | 1,088 | 1,187 | 1,257 | 1,347 | 1,463 |
| Profit before tax | 410 | -2,156 | 1,158 | 5,531 | 3,351 | 581 | -3,958 | -915 | 2,708 | 4,239 | 5,521 | 113 | 3,370 |
| 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 | 2,175 | |
| 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 | 12.41 |
| 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: | -6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 15% |
| 3 Years: | -74% |
| TTM: | 162% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 35% |
| 3 Years: | 48% |
| 1 Year: | 67% |
| 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 | Sep 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 | 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 | 11,539 |
| 9,793 | 9,032 | 8,075 | 8,541 | 7,950 | 9,131 | 11,896 | 24,062 | 21,310 | 16,939 | 12,687 | 13,143 | 10,824 | |
| 22,665 | 20,007 | 22,787 | 7,802 | 7,238 | 7,333 | 6,145 | 6,425 | 11,561 | 8,410 | 9,467 | 8,329 | 11,419 | |
| Total Liabilities | 39,527 | 34,345 | 37,293 | 26,414 | 26,221 | 27,191 | 25,808 | 34,725 | 40,068 | 35,184 | 35,406 | 34,406 | 35,535 |
| 5,991 | 14,109 | 14,881 | 14,161 | 14,038 | 13,996 | 14,239 | 19,596 | 21,384 | 20,396 | 20,410 | 20,095 | 20,190 | |
| CWIP | 8,552 | 1,378 | 188 | 220 | 668 | 982 | 1,730 | 2,343 | 170 | 475 | 744 | 729 | 634 |
| Investments | 15 | 1,350 | 1,350 | 1,350 | 1,350 | 1,503 | 2,178 | 16 | 16 | 16 | 17 | 19 | 20 |
| 24,969 | 17,508 | 20,874 | 10,684 | 10,166 | 10,710 | 7,661 | 12,770 | 18,499 | 14,297 | 14,234 | 13,562 | 14,691 | |
| Total Assets | 39,527 | 34,345 | 37,293 | 26,414 | 26,221 | 27,191 | 25,808 | 34,725 | 40,068 | 35,184 | 35,406 | 34,406 | 35,535 |
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 | 7,051 | 1,878 | |
| -921 | -1,408 | 359 | -337 | -966 | -952 | -1,563 | -2,101 | -595 | -673 | -1,524 | -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 | -31 | -36 | -18 | -21 | -44 | -13 | -1 | 1 | -1 |
| ROCE % | 4% | -11% | 13% | 27% | 20% | 6% | -16% | -1% | 14% | 20% | 26% | 4% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Crude Throughput MMT |
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| Gross Refining Margin (GRM) $/bbl |
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| Specific Energy Consumption (MBN) MBN |
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| Operational Retail Outlets Count |
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| Fuel and Loss % |
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| Capacity Utilization % |
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| Distillate Yield % |
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Documents
Announcements
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Rumour verification - Regulation 30(11)
2d - MRPL denies parts-shutdown tweet for 300,000 bpd Mangalore refinery; operations normal, crude supplies adequate.
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Rumour verification - Regulation 30(11)
5 Mar - MRPL denies force majeure; calls 05-Mar-2026 CNBC-TV18 report halting fuel exports incorrect.
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Clarification sought from Mangalore Refinery and Petrochemicals Ltd
5 Mar - Exchange has sought clarification from Mangalore Refinery and Petrochemicals Ltd on March 5, 2026, with reference to news appeared in https://www.cnbctv18.com dated March 5, 2026 …
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Appointment Of Secretarial Auditor
3 Mar - 40% interim dividend declared; record date Mar 11, 2026; payment by Apr 02, 2026; secretarial auditor for FY2026-31.
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Record Date For The Purpose Of Ascertaining The Eligibility Of Shareholders For The Payment Of Interim Dividend.
3 Mar - Interim dividend Rs4/share (40%); record date Mar 11, 2026; payment by Apr 2, 2026; secretarial auditor recommended.
Annual reports
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Financial Year 2025
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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
from nse
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Financial Year 2012
from bse
Concalls
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Jan 2026TranscriptPPT
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Oct 2025TranscriptPPT
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Jul 2025TranscriptPPT
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Apr 2025TranscriptPPTREC
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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]