MRPLOil Gas & Consumable Fuels

Mangalore Refinery and Petrochemicals Limited

Refineries & Marketing · ISIN INE103A01014 · BSE 500109 · NSE EQ · FV ₹10
Last price
₹164
-1.41%today
What this company does

Mangalore Refinery and Petrochemicals Limited operates in Refineries & Marketing, part of the Oil Gas & Consumable Fuels sector. It booked ₹41,609 cr of revenue in its latest quarter (Q1 FY27) and kept 2.3% of sales as profit. It is the 5th largest of 7 Refineries & Marketing companies we track, by market value.

In the report:
53out of 100
Equitytale Health Score
Mixed

Healthier than 53% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 611–2,858 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
39

At close. Not part of the score.

Profitability & returns66

How much profit it earns on the money it employs

Balance sheet28

How much it owes, and whether earnings cover the interest

Cash quality80

Whether reported profit actually arrives as cash

Growth & consistency29

Whether sales and profit have grown, and how steadily

Valuation39

What today's price implies, against our models or its peers

Governance & risk88

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 98% vs last year
Promoters hold 89%
No promoter shares pledged
Strong 27% return on equity
Turns profit into real cash
Watch-outs
! Thin 2.3% net margin
! Carries high debt (D/E 1.0)

What if I invest in MRPL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹164 -1.41%
latest close · 2026-09-17
1-year return
+288.1%
52-wk low ₹3752-wk high ₹192
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio7.6Low
LowAverageHigh
P/B ratio2.02Moderate
Below bookModerateHigh
EV / EBITDA5.7Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity26.6%Strong
WeakFairStrong ▸15%
Return on capital22.9%Strong
WeakFairStrong
Net margin2.3%Thin
ThinDecentStrong
EBITDA margin4.5%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.01High
LowModerateHigh ▸1
Interest cover6.0×Strong
RiskyOkayStrong ▸5×
Current ratio1.14Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹28,702 cr
Book value
₹81
EPS
₹5.40
latest quarter
Net debt
₹13,769 cr
owes more than its cash
Enterprise value
₹42,472 cr
EBITDA
₹7,441 cr
annualised
EBIT
₹5,836 cr
annualised
Operating margin
3.5%
Return on assets
8.5%
Earnings yield
13.19%
P/S
0.17
Sales / share
₹949.7
Tax rate
24.7%
Face value
₹10
Shares
175.3 cr
Working capital
₹2,727 cr
Current assets
₹21,743 cr
Current liabilities
₹19,016 cr
Delivery %
25.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 3 models ₹98 vs market price ₹164 — price is 67% above it
Safety cushion-66.9%(target ≥ +20%)
Models span ₹92₹141, midpoint ₹98
Model ₹98
Price ₹164
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹41,609 cr
Other Income₹71 cr
Total Income₹41,680 cr
Cost of Materials₹35,242 cr
Purchases of Stock-in-Trade₹5 cr
Inventory Change (±)₹455 cr
Employee Benefit Expense₹177 cr
Finance Costs₹244 cr
Depreciation & Amortisation₹401 cr
Other Expenses₹4,412 cr
Total Expenses₹40,937 cr
Exceptional Items₹472 cr
Profit before Tax₹1,215 cr
Tax Expense₹300 cr
Share of JV / Associates₹31 cr
Net Profit₹946 cr
Net margin on total income2.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹35,702 cr84.6%
Employee benefit expense₹177 cr0.4%
Finance costs₹244 cr0.6%
Depreciation & amortisation₹401 cr1.0%
Other expenses₹4,412 cr10.5%
Tax expense₹300 cr0.7%
Profit for the period₹946 cr2.2%
Total income ₹41,680 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue29,720 cr28,493 cr41,609 cr
Total income29,759 cr28,552 cr41,680 cr
Expenses27,545 cr27,317 cr40,937 cr
Profit before tax2,214 cr1,236 cr1,215 cr
Tax769 cr1,116 cr300 cr
Net profit (owners' share)1,451 cr117 cr946 cr
Net margin (owners' share, on revenue)4.9%0.4%2.3%
EPS (₹)8.280.675.40
YoY (latest quarter): total income +98.2% · net profit
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹44,481 cr
Shareholder equity
₹14,197 cr
parent shareholders
Total debt
₹14,334 cr
Cash
₹564 cr
Cash flow · H1 FY26
Operating
₹4,328 cr
Investing
₹-734 cr
Financing
₹-2,797 cr
Peer comparison
Refineries & Marketing · by market value
CompanyPriceMarket capP/E
Reliance Industries Limited₹1,244₹16.83 L cr20.1
Indian Oil Corporation Limited₹134₹1.90 L cr
Bharat Petroleum Corporation Limited₹307₹1.31 L cr
Hindustan Petroleum Corporation Limited₹351₹74,601 cr
Mangalore Refinery and Petrochemicals Limitedthis company₹164₹28,702 cr7.6
Chennai Petroleum Corporation Limited₹1,414₹21,057 cr5.1
Kotyark Industries Limited₹31₹354 cr23.0
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
2.44%
trailing 12 months
Dividend / share (TTM)
₹4
Last dividend
₹4
ex 11 Mar 2026
ActionDetailEx-date
Dividend₹4 / share11 Mar 2026
Dividend₹2 / share9 Aug 2024
Dividend₹1 / share2 Feb 2024
Dividend₹1 / share30 May 2019
Dividend₹3 / share28 Jun 2018
Dividend₹6 / share10 Aug 2017
Who owns it · 2026-06-30
No pledge
Promoter
88.6%
FII / Foreign
2.2%
DII / Domestic
0.4%
Retail / others
8.9%
Smart-money activity
Insider trades
BoughtDeepak Kumar · -1,000 · ₹2.1 L15 Mar 24
BoughtDeepak Kumar · -1,000 · ₹2.1 L15 Mar 24
SoldHemalatha Vengadaramanan · Immediate relative1,000 · ₹1.9 L14 Mar 24
Bulk / block deals
short · NSE110 Sep 26
short · NSE13 Sep 26
short · NSE10026 Aug 26
What shareholders were asked to approve
5 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 24 Aug 2026
See the official result
1
To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the Financial Year ended on 31st March 2026, together with the Reports of Board of Directors, the Auditor’s Report thereon and comments of the Comptroller and Auditor General of India.
Backed by 80% of shareholders other than promotersneeded 50%
3.24 cr votes for, 81.37 L against · 20% of mutual funds and other big investors said no
2
To appoint a Director in place of Shri Arun Kumar Sinha (DIN: 06646894), who retires by rotation and being eligible, offers himself for re-appointment.
⚑ Passed only because promoters voted yes
Backed by 41% of shareholders other than promotersneeded 50%
1.68 cr votes for, 2.37 cr against · 59% of mutual funds and other big investors said no
3
To declare dividend for the financial year ended March 31st, 2026
Backed by 100% of shareholders other than promotersneeded 50%
4.05 cr votes for, 2,107 against · 0% of mutual funds and other big investors said no
4
To authorize the Board of Directors of the Company to fix the remuneration of the Statutory Auditors to be appointed by the Comptroller and Auditor General of India for the financial year 2026-27.
Backed by 100% of shareholders other than promotersneeded 50%
4.05 cr votes for, 3,850 against · 0% of mutual funds and other big investors said no
5
To appoint Dr. Seema (DIN: 11780592) as a Director of the Company.
⚑ Passed only because promoters voted yes
Backed by 44% of shareholders other than promotersneeded 50%
1.80 cr votes for, 2.25 cr against · 56% of mutual funds and other big investors said no
6
To appoint Shri Satyan Kumar (DIN: 10181958) as a Director of the Company.
⚑ Passed only because promoters voted yes
Backed by 46% of shareholders other than promotersneeded 50%
1.86 cr votes for, 2.19 cr against · 54% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 2 named members
owning 88.6% between them · as of 2026-06-30
Oil And Natural Gas Corporation Ltd71.63%
Hindustan Petroleum Corporation Limited16.96%
Business done with them
FY2025 · 2 of the group
The company paid ₹14,421 cr to companies in the promoter group last year — about 13.2% of its ₹1.09 L cr revenue and received ₹31,307 cr back from them.
Hindustan Petroleum Corporation Limited
Sold goods to them · As below
also owns 16.96% of the company
₹30,664 cr
company received
Oil and Natural Gas Corporation Limited
Bought goods from them · As below
also owns 71.63% of the company
₹13,983 cr
company paid
Oil and Natural Gas Corporation Limited
Sold goods to them · As below
also owns 71.63% of the company
₹643 cr
company received
Oil and Natural Gas Corporation Limited
Other payments to them · As below
also owns 71.63% of the company
₹251 cr
company paid
Hindustan Petroleum Corporation Limited
Bought goods from them · As below
also owns 16.96% of the company
₹99 cr
company paid
Hindustan Petroleum Corporation Limited
Other payments to them · As below
also owns 16.96% of the company
₹59 cr
company paid
Hindustan Petroleum Corporation Limited
Paid them for services · As below
also owns 16.96% of the company
₹23 cr
company paid
Oil and Natural Gas Corporation Limited
Provision Of Guarantees Or Collateral To Entity · As below
also owns 71.63% of the company
₹9 cr
company received
Oil and Natural Gas Corporation Limited
Paid them for services · As below
also owns 71.63% of the company
₹6 cr
company paid
Hindustan Petroleum Corporation Limited
Provided services to them · As below
also owns 16.96% of the company
₹57 L
company received

The company also transacted with 3 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.