Mangalore Refinery and Petrochemicals Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Efficient capital deployment (ROCE 18%)
- Attractively valued vs sector (P/E 6.9x vs industry 23.9x)
- Regular dividends — yield 2.5%
Concerns
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| RELIANCE Reliance Industries Limited | ₹1,158 | ₹16.1L Cr | 21.6 | 1.73 | 8.91 | 10.3 | 0.45 |
| ONGC Oil & Natural Gas Corporation Limited | ₹225 | ₹2.9L Cr | 6.55 | 0.76 | 11.6 | 14.2 | 0.48 |
| COALINDIA Coal India Limited | ₹392 | ₹2.4L Cr | 7.85 | 2.03 | 28.2 | 35 | 0.13 |
| IOC Indian Oil Corporation Limited | ₹130 | ₹1.8L Cr | 5.42 | 0.84 | 20.5 | 18.7 | 0.74 |
| BPCL Bharat Petroleum Corporation Limited | ₹287 | ₹1.2L Cr | 8.71 | 1.23 | 28.8 | 25.6 | 0.62 |
| GAIL GAIL (India) Limited | ₹165 | ₹1.1L Cr | 10.9 | 1.22 | 8.71 | 9.67 | 0.25 |
| OIL Oil India Limited | ₹448 | ₹73K Cr | 8.72 | 1.25 | 12.2 | 11.5 | 0.64 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
MRPL · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 88.58% | 88.58% | 88.58% | 88.58% | 88.58% | 88.58% |
| FII | 2.55% | 2.68% | 2.26% | 1.69% | 1.36% | 1.31% |
| DII | 1.57% | 1.50% | 1.50% | 1.48% | 1.66% | 1.32% |
| Public | 7.30% | 7.23% | 7.64% | 8.23% | 8.38% | 8.80% |
Corporate Events
Interim Dividend - Rs 3 Per Share
Intimation of Board Meeting for considering Un-Audited Financial Results for the Quarter and Half-year ended September 30, 2026.
Update on board meeting - Intimation of Board Meeting to consider declaration of interim dividend, if any for the financial year 2026-27.
To consider and approve the Un- Audited financial results for the period ended Jun 30, 2026
Interim Dividend - Rs 4 Per Share
Annual General Meeting
Dividend - Rs 2 Per Share
Interim Dividend - Re 1 Per Share
Annual General Meeting
Latest News
All newsMRPL shares surge 12% on strong quarterly results and target revision.
*MRPL shares surge 12% on strong quarterly results and target revision.* Analysts cite **₹2,100 crore** net profit and **85%** capacity utilization as key drivers. Multiple brokerages raised target prices, with one setting a **₹220** objective. Institutional buying intensified the rally. 📊 *STOCKS:* $MRPL | 🏢 *SECTOR:* Energy | #HIGHIMPACT #earnings
US sanctions bill may disrupt Indian oil imports
*US sanctions bill may disrupt Indian oil imports.* India imports **~70%** of its crude from Russia, and any US move could raise costs by **$15–20/barrel**. Refiners like IOCL and MRPL may see margin pressure. Strategic reserves and alternative suppliers are being evaluated. 📊 *STOCKS:* | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Oil
Brent crude nears $102, impacting oil marketing companies.
*Brent crude nears $102, impacting oil marketing companies.* Rising crude prices increase input costs for refiners, potentially squeezing margins unless passed on. Stocks like **CPCL**, **MRPL**, and **IOC** may see volatility as investors assess earnings impact. Higher crude also pressures government subsidy burdens. 📊 *STOCKS:* CPCL, MRPL, HPCL, BPCL, IOC | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Energy
Brent crude nears $100, lifts oil company shares
*Brent crude nears $100, lifts oil company shares*. Energy stocks surge as global crude prices climb, boosting refining and exploration firms. CHENNPETRO, MRPL, and OIL see strong buying interest. Rising crude prices typically enhance profitability for upstream producers and refiners. 📊 *STOCKS:* CHENNPETRO, MRPL, OIL | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Energy
Crude spikes on Hormuz tensions, refiners on alert
*Crude spikes on Hormuz tensions, refiners on alert*\nEscalating tensions around the Strait of Hormuz have pushed benchmark crude prices up by **$8/barrel** in a week. Indian refiners like IOCL, HPCL, and MRPL face margin pressures as crude costs surge. Any supply disruption from the Persian Gulf could severely impact import-dependent India.\n\n📊 *STOCKS:* | 🏢 *SECTOR:* Energy | #HIGHIMPACT #CrudeOil
MRPL CHT unit fire incident reported
*MRPL CHT unit fire incident reported*. A fire incident occurred at MRPL's CHT unit on September 30, 2026, as disclosed in a press release. Operations and financial impact are under assessment. No casualties reported so far. 📊 *STOCKS:* $MRPL | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #FireIncident
India's crude oil import patterns shift due to global factors
*India's crude oil import patterns shift due to global factors.* Rising purchases from alternative suppliers have altered import dynamics, with **$18 billion** spent on crude imports in FY23. This shift is driven by geopolitical tensions and discounted Russian oil. Refiners like IOCL and MRPL benefit from lower input costs. 📊 *STOCKS:* | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #CrudeOpaque
Reliance, MRPL, Om Power, Bajaj Consumer, Hyundai in focus
*Reliance, MRPL, Om Power, Bajaj Consumer, Hyundai in focus* as key stocks to watch today. No specific event details provided, but likely tied to operational or market developments. Hyundai Motor India not listed on NSE; others are F&O traded. 📊 *STOCKS:* RELIANCE, MRPL, OMPOWER, BCCL | 🏢 *SECTOR:* Corporate | #MEDIUMIMPACT #StocksToWatch
MRPL refinery explosion kills one, injures nine
*MRPL refinery explosion kills one, injures nine.* A separator rupture at the Mangalore Refinery led to an explosion, halting operations temporarily. The incident may impact Q3 production and draw regulatory scrutiny. MRPL shares may face short-term volatility. 📊 *STOCKS:* $MRPL | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #Refinery
Explosion at MRPL Mangaluru; two injured
*Explosion at MRPL's Mangaluru refinery has resulted in two workers being in critical condition.* The incident may lead to temporary operational disruptions. **No immediate fire or environmental hazard reported**, but safety audits could impact output. Authorities are investigating the cause. 📊 *STOCKS:* $MRPL | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #Accident
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹23.9K Cr 3.1% | ₹24.7K Cr 9.1% | ₹22.6K Cr 30.5% | ₹17.4K Cr 29.4% | ₹24.6K Cr 12.5% | ₹21.9K Cr 12.4% | ₹25.0K Cr 7.4% | ₹23.2K Cr |
| Op. Profit | ₹1.8K Cr 36.1% | ₹2.8K Cr 87.2% | ₹1.5K Cr 726.7% | ₹180 Cr 84.1% | ₹1.1K Cr 9.6% | ₹1.0K Cr 317.5% | ₹-474 Cr 178.2% | ₹606 Cr |
| OPM | 7.0% 36.4% | 11.0% 57.1% | 7.0% 600.0% | 1.0% 78.3% | 4.6% 2.1% | 4.7% 347.4% | -1.9% 163.3% | 3.0% |
| Net Profit | ₹117 Cr 91.9% | ₹1.5K Cr 131.4% | ₹627 Cr 331.4% | ₹-271 Cr 173.0% | ₹371 Cr 20.1% | ₹309 Cr 144.3% | ₹-697 Cr 1054.8% | ₹73 Cr |
| EPS (₹) | 0.67 91.9% | 8.28 131.3% | 3.58 332.5% | -1.54 173.0% | 2.11 19.9% | 1.76 144.2% | -3.98 1047.6% | 0.42 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹88.7K Cr 6.4% | ₹94.7K Cr 4.7% | ₹90.4K Cr 17.1% | ₹1.1L Cr 56.3% | ₹69.8K Cr 118.3% | ₹32.0K Cr 36.4% | ₹50.2K Cr 20.8% | ₹63.4K Cr 29.3% | ₹49.1K Cr 12.1% | ₹43.8K Cr |
| Expenses | ₹82.3K Cr 10.9% | ₹92.4K Cr 11.9% | ₹82.5K Cr 19.5% | ₹1.0L Cr 58.1% | ₹64.8K Cr 107.4% | ₹31.3K Cr 41.4% | ₹53.4K Cr 12.2% | ₹60.8K Cr 36.6% | ₹44.5K Cr 14.8% | ₹38.8K Cr |
| Op. Profit | ₹6.3K Cr 174.5% | ₹2.3K Cr 70.7% | ₹7.9K Cr 20.4% | ₹6.5K Cr 32.0% | ₹4.9K Cr 598.3% | ₹708 Cr 122.6% | ₹-3.1K Cr 219.3% | ₹2.6K Cr 41.9% | ₹4.5K Cr 9.3% | ₹5.0K Cr |
| OPM | 7.0% 191.7% | 2.4% 73.3% | 9.0% 50.0% | 6.0% 14.3% | 7.0% 218.2% | 2.2% 136.7% | -6.0% 242.9% | 4.2% 53.3% | 9.0% 18.2% | 11.0% |
| Other Income | ₹117 Cr 33.5% | ₹176 Cr 319.0% | ₹42 Cr 80.3% | ₹213 Cr 217.9% | ₹67 Cr 25.6% | ₹90 Cr 28.6% | ₹70 Cr 46.2% | ₹130 Cr 41.7% | ₹223 Cr 88.9% | ₹2.0K Cr |
| Interest | ₹912 Cr 10.2% | ₹1.0K Cr 9.2% | ₹1.1K Cr 13.8% | ₹1.3K Cr 7.1% | ₹1.2K Cr 117.2% | ₹558 Cr 55.4% | ₹1.3K Cr 17.8% | ₹1.1K Cr 16.1% | ₹915 Cr 5.6% | ₹969 Cr |
| Depreciation | ₹1.5K Cr 12.8% | ₹1.3K Cr 7.2% | ₹1.3K Cr 5.9% | ₹1.2K Cr 9.1% | ₹1.1K Cr 6.0% | ₹1.2K Cr 6.6% | ₹1.1K Cr 3.6% | ₹1.0K Cr 8.5% | ₹966 Cr 1.8% | ₹984 Cr |
| PBT | ₹4.0K Cr 3273.9% | ₹119 Cr 97.8% | ₹5.5K Cr 29.8% | ₹4.3K Cr 57.0% | ₹2.7K Cr 395.0% | ₹-919 Cr 83.0% | ₹-5.4K Cr 930.1% | ₹651 Cr 77.3% | ₹2.9K Cr 43.2% | ₹5.1K Cr |
| Tax % | 52.0% 1.9% | 53.0% 51.4% | 35.0% 7.9% | 38.0% 522.2% | -9.0% 47.1% | -17.0% 32.0% | -25.0% 154.3% | 46.0% 21.1% | 38.0% 8.6% | 35.0% |
| Net Profit | ₹1.9K Cr 3337.5% | ₹56 Cr 98.4% | ₹3.6K Cr 35.5% | ₹2.7K Cr 10.2% | ₹3.0K Cr 486.7% | ₹-765 Cr 81.1% | ₹-4.0K Cr 1251.9% | ₹351 Cr 80.2% | ₹1.8K Cr 46.1% | ₹3.3K Cr |
| EPS (₹) | 10.98 3331.3% | 0.32 98.4% | 20.52 35.4% | 15.15 10.2% | 16.88 487.2% | -4.36 77.2% | -19.14 1086.6% | 1.94 82.9% | 11.37 42.6% | 19.81 |
| Div Payout | 36.0% | 0.0% 100.0% | 15.0% | 0.0% | 0.0% | 0.0% | 0.0% 100.0% | 52.0% 100.0% | 26.0% 13.3% | 30.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹1.8K Cr 0.0% | ₹1.8K Cr 0.0% | ₹1.8K Cr 0.0% | ₹1.8K Cr 0.0% | ₹1.8K Cr 0.0% | ₹1.8K Cr 0.0% | ₹1.8K Cr 0.0% | ₹1.8K Cr 0.0% | ₹1.8K Cr 0.0% | ₹1.8K Cr |
| Reserves | ₹12.4K Cr 10.9% | ₹11.2K Cr 2.7% | ₹11.5K Cr 42.1% | ₹8.1K Cr 48.7% | ₹5.5K Cr 118.7% | ₹2.5K Cr 45.8% | ₹4.6K Cr 43.8% | ₹8.2K Cr 3.4% | ₹8.5K Cr 9.4% | ₹7.8K Cr |
| Borrowings | ₹15.3K Cr 16.7% | ₹13.1K Cr 3.6% | ₹12.7K Cr 25.1% | ₹16.9K Cr 20.5% | ₹21.3K Cr 11.4% | ₹24.1K Cr 30.2% | ₹18.5K Cr 18.3% | ₹15.6K Cr 4.7% | ₹14.9K Cr 3.6% | ₹15.5K Cr |
| Other Liabilities | ₹14.9K Cr 79.5% | ₹8.3K Cr 12.0% | ₹9.5K Cr 12.6% | ₹8.4K Cr 27.3% | ₹11.6K Cr 79.9% | ₹6.4K Cr 12.1% | ₹5.7K Cr 20.4% | ₹7.2K Cr 5.9% | ₹6.8K Cr 13.6% | ₹7.9K Cr |
| Total Liabilities | ₹44.5K Cr 29.2% | ₹34.4K Cr 2.8% | ₹35.4K Cr 0.6% | ₹35.2K Cr 12.1% | ₹40.1K Cr 15.4% | ₹34.7K Cr 13.6% | ₹30.6K Cr 6.7% | ₹32.8K Cr 2.5% | ₹32.0K Cr 2.7% | ₹32.8K Cr |
Assets | ||||||||||
| Fixed Assets | ₹20.5K Cr 1.8% | ₹20.1K Cr 1.5% | ₹20.4K Cr 0.1% | ₹20.4K Cr 4.6% | ₹21.4K Cr 9.1% | ₹19.6K Cr 4.1% | ₹20.4K Cr 2.1% | ₹20.0K Cr 1.1% | ₹20.2K Cr 1.9% | ₹20.6K Cr |
| CWIP | ₹897 Cr 23.0% | ₹729 Cr 2.0% | ₹744 Cr 56.6% | ₹475 Cr 179.4% | ₹170 Cr 92.7% | ₹2.3K Cr 34.2% | ₹1.7K Cr 75.5% | ₹995 Cr 45.9% | ₹682 Cr 210.0% | ₹220 Cr |
| Investments | ₹50 Cr 9.1% | ₹55 Cr 14.6% | ₹48 Cr 4.3% | ₹46 Cr 58.6% | ₹29 Cr 16.0% | ₹25 Cr 13.8% | ₹29 Cr 0.0% | ₹29 Cr 6.5% | ₹31 Cr 26.2% | ₹42 Cr |
| Other Assets | ₹23.1K Cr 70.3% | ₹13.6K Cr 4.7% | ₹14.2K Cr 0.4% | ₹14.3K Cr 22.7% | ₹18.5K Cr 44.9% | ₹12.8K Cr 52.6% | ₹8.4K Cr 28.7% | ₹11.7K Cr 6.5% | ₹11.0K Cr 7.9% | ₹12.0K Cr |
| Total Assets | ₹44.5K Cr 29.2% | ₹34.4K Cr 2.8% | ₹35.4K Cr 0.6% | ₹35.2K Cr 12.1% | ₹40.1K Cr 15.4% | ₹34.7K Cr 13.6% | ₹30.6K Cr 6.7% | ₹32.8K Cr 2.5% | ₹32.0K Cr 2.7% | ₹32.8K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹2.5K Cr 34.8% | ₹1.9K Cr 73.4% | ₹7.1K Cr 10.8% | ₹6.4K Cr 41.5% | ₹4.5K Cr 259.5% | ₹-2.8K Cr 1075.1% | ₹289 Cr 82.4% | ₹1.6K Cr 58.7% | ₹4.0K Cr 458.5% | ₹-1.1K Cr |
| Investing CF | ₹-1.4K Cr 46.6% | ₹-940 Cr 38.3% | ₹-1.5K Cr 126.4% | ₹-673 Cr 13.1% | ₹-595 Cr 71.7% | ₹-2.1K Cr 45.0% | ₹-1.4K Cr 34.2% | ₹-1.1K Cr 10.1% | ₹-981 Cr 270.2% | ₹-265 Cr |
| Financing CF | ₹-598 Cr 36.2% | ₹-938 Cr 83.0% | ₹-5.5K Cr 2.9% | ₹-5.7K Cr 45.1% | ₹-3.9K Cr 179.3% | ₹4.9K Cr 327.3% | ₹1.2K Cr 216.2% | ₹-996 Cr 64.4% | ₹-2.8K Cr 1155.1% | ₹265 Cr |
| Net Cash Flow | ₹554 Cr | ₹0 Cr 100.0% | ₹3 Cr 200.0% | ₹1 Cr 105.0% | ₹-20 Cr 183.3% | ₹24 Cr 900.0% | ₹-3 Cr 99.3% | ₹-436 Cr 324.7% | ₹194 Cr 117.5% | ₹-1.1K Cr |
| Free Cash Flow | ₹1.1K Cr 22.0% | ₹918 Cr 83.3% | ₹5.5K Cr 2.7% | ₹5.7K Cr 45.7% | ₹3.9K Cr 204.5% | ₹-3.7K Cr 208.6% | ₹-1.2K Cr 368.2% | ₹449 Cr 84.5% | ₹2.9K Cr 252.7% | ₹-1.9K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 25d 78.6% | 14d 12.5% | 16d 6.7% | 15d 34.8% | 23d 17.9% | 28d 300.0% | 7d 50.0% | 14d 26.3% | 19d 13.6% | 22d |
| Inventory Days | 67d 109.4% | 32d 15.8% | 38d 52.0% | 25d 59.7% | 62d 31.1% | 90d 200.0% | 30d 23.1% | 39d 13.3% | 45d 2.3% | 44d |
| Days Payable | 52d 116.7% | 24d 27.3% | 33d 43.5% | 23d 58.2% | 55d 10.0% | 50d 108.3% | 24d 17.2% | 29d 29.3% | 41d 31.7% | 60d |
| Cash Conv. Cycle | 41d 95.2% | 21d 0.0% | 21d 23.5% | 17d 41.4% | 29d 56.7% | 67d 378.6% | 14d 41.7% | 24d 4.3% | 23d 283.3% | 6d |
| Working Capital Days | 9d 1000.0% | -1d 200.0% | 1d 200.0% | -1d 92.3% | -13d 70.5% | -44d 33.3% | -33d 32.7% | -49d 22.2% | -63d 18.9% | -53d |
| ROCE | 18.0% 350.0% | 4.0% 84.6% | 26.0% 30.0% | 20.0% 42.9% | 14.0% 1500.0% | -1.0% 93.8% | -16.0% 328.6% | 7.0% 53.3% | 15.0% 21.1% | 19.0% |
Source: Screener.in · Lower days = better efficiency