Get 50% OFF This Monsoon!

Advertisement
AdvertisementAdvertisement
logo

Mangalore Refinery And Petrochemicals

MRPL
Small Cap
(%) 1D
no_data

No Data Available

1D1W1M3M6M1YMAX

Investor Sentiment

50%50%
Bullish
Bearish
Advertisement
AdvertisementAdvertisement

Mangalore Refinery And Petrochemicals Share price and Fundamental Analysis

View All Details
View All Details
Mangalore Refinery and Petrochemicals Limited (MRPL), is a Schedule A' Miniratna, Central Public Sector Enterprise (CPSE) under the Ministry of Petroleum & Natural Gas (MoP&NG), Government of India (GoI). The Company is engaged in the business of refining of crude oil. It is a subsidiary of Oil and Natural Gas Corporation Limited (ONGC), which holds 71.63% equity shares. The Company's 15 million metric tonne (MMT) refinery is located North of Mangaluru City, in Dakshina Kannada Dist. of Karnataka.
Company Incorporation1988
ChairmanARUN KUMAR SINGH
Head QuartersNA
Previous NameNA

Key Metrics

Market Cap (Cr)
25,237
PE Ratio
450
Industry P/E
9.91
PEG Ratio
-4.57
ROE
0.43%
ROCE
4.24%
ROA
0.16%
Total Debt (Cr)
13,143
Debt to Equity
1.01
Dividend Yield
0%
EPS
0.32
Book Value & P/B
73.8 x 1.95
Face Value
10
Outstanding Shares(Cr)
175.26
Current Ratio
1.58
EV to Sales
0.36

Included In

+More

Stock Returns

1 Week+1.44%
1 Month+7.49%
6 Months-7.4%
1 Year-27.6%
3 Years+59.16%
5 Years+336.48%

CAGR

1 Year CAGR

Revenue Growth

-15.64%

Net Profit Growth

+35.46%

Operating Profit Growth

+17.79%

Dividend Growth

N/A

Stock Returns CAGR

-27.6%
no_data

No Stocks

Smart Score

2.3
icn

Unlock Smart Score

See Detailed Analysis & Insights

icn

Unlock Insights

See Detailed Analysis & Insights

Technicals

Returns Calculator

If you would have invested
In 5 years the current value would be
NaNCRNaNCR( %)

Research Report

No Research Report

View Other Reports >

Corporate Action

Board-Meetings
Board-Meetings
Dividends
Bonus
Splits
Right-issues
AGM-EGM
Bulk-Deal
Block-Deal

Financials

Half Yearly Statement

/ View Standalone
PARTICULARS

Total Revenue

Total Expenses

Operating Expense

Operating Profit

Interest

Depreciation & Amortization

Profit Before Tax

Tax

Profit after tax

Adj EPS in Rs - Basic

Adj EPS in Rs - Diluted

Profit and Loss Statement

/ View Standalone
Credit Rating
Director Report
Chairman Report
Auditor Report

Balance sheet

/ View Standalone

Cashflow Statement

/ View Standalone
Mar 25

Promoters : 88.58%

FIIs : 1.30%

DIIs : 1.33%

Public : 8.79%

Promoter
FII/FPI
DII
Public
Promoter Pledge stands at 0.0% of holding in March 2025 Qtr
FII Shareholding Decreased by 0.06% to 1.3% in March 2025 Qtr
DII Shareholding Decreased by 0.34% to 1.33% in March 2025 Qtr

Top Shareholders

View all Share Holders

Key Ratios

Profitability
Valuation
Liquidity

ROE

Avg ROE (3 Yrs) : NaN%

ROCE

Avg ROCE (3 Yrs) : NaN%

ROA

Avg ROA (3 Yrs) : NaN%

NPM

Avg NPM (3 Yrs) : NaN%

Dividend History

Mangalore Refinery And Petrochemicals Competitors

Sector
Industry

Company Name

MCap(TTM)

PE(TTM)

P/B(TTM)

ROE(TTM)

D/E

Current Ratio(TTM)

5 Year FactSheet

Profitability
Profitability
Growth Ratios
Valuation Ratios
Cashflow Ratios
Debt and Liquidity
Efficiency Ratios

Documents

Annual Reports
Con-Call

News

Mangalore Refinery And Petrochemicals Management and History

Company Management

icn

Unlock Management Data

See Detailed Analysis & Insights

Company History

Mangalore Refinery and Petrochemicals Limited (MRPL), is a Schedule A' Miniratna, Central Public Sector Enterprise (CPSE) under the Ministry of Petroleum & Natural Gas (MoP&NG), Government of India (GoI). The Company is engaged in the business of refining of crude oil. It is a subsidiary of Oil and Natural Gas Corporation Limited (ONGC), which holds 71.63% equity shares. The Company's 15 million metric tonne (MMT) refinery is located North of Mangaluru City, in Dakshina Kannada Dist. of Karnataka.

MRPL, with its parent company ONGC, owns and operates ONGC Mangalore Petrochemicals Limited (OMPL), a petrochemical unit capable of producing 1 Million Tonnes of Para Xylene. OMPL, situated in the adjacent Mangalore Special Economic Zone (MSEZ), is integrated with the refinery operations. Para Xylene from OMPL is sold in the export market.

Shell MRPL Aviation Fuels and Services Limited (SMA), a 50:50 joint venture between MRPL and Shell Gas B.V. (Shell), a step down subsidiary of Royal Dutch Shell Plc, Netherlands markets aviation turbine fuel (ATF) to airlines, both domestic as well as International carriers. SMA currently procures ATF from MRPL Refinery Complex, and supplies at Bengaluru, Goa, Mangalore, Hyderabad, Chennai, Calicut and Madurai. SMA also services International Carriers through alternative supply arrangement at Mumbai, Delhi and Kolkata.

MRPL was incorporated in 7th March of the year 1988 and commenced a business in 2nd August as a joint venture oil refinery promoted by Hindustan Petroleum Corporation and Indian Rayon & Industries Limited (IRIL) & Associates (AV Birla Group). The Company made a mega Public Issue consisting 4,31,60,000 16% Secured Redeemable Partly Convertible Debentures (PCDs) of Rs.135/- each aggregating to Rs.582.66 crores in the year 1993 and also 2,80,00,000/- 17.5% Secured Redeemable Non Convertible Debentures of Rs.200/- each (with detachable Equity Warrants) aggregating to Rs.560 crores. During the same year MRPL tied up for the process technologies with internationally reputed technology suppliers. It commissioned a 45 MW cogeneration power plant in September of the year 1995. MRPL commissioned its three million tonnes refinery towards the end of 1995-96 and it has been operating at more than 100 per cent capacity. In the year 1998, The Company had entered into an agreement with the National Securities Depository Limited (NSDL) to facilitate investors to hold the Shares in the electronic form. MRPL signed a crude-sourcing deal with the Chevron-Texaco combine in the year 1999.

During the year 2000, the company and Reliance Petroleum had entered into First World markets with Petro-products like motor spirit at prices, which are not only competitive but have also contributed to the bottom lines of these companies. MRPL had enhanced its refining capacity to 12 million tonnes through a cost-effective process of debottlenecking some units. ICRA had downgraded the non-convertible debenture program in the year 2001 and also the partially convertible debenture programme of the company. The refining capacity was expanded to 9 MMT p.a from 3 MMT p.a in April of the year 2001 and commercial production started during the year.

In 2003, ONGC and MRPL had signed a Memorandum of Understanding for the supply of crude oil. As at 28th March of the year 2003, ONGC acquired the total shareholding of 37.39% held by A.V. Birla Group and further infused equity capital of Rs.600 crores consequently made MRPL a majority held subsidiary of ONGC. The Company had contributed Rs 20 crore to New Mangalore Port Trust towards construction of new jetty at the port for exclusive use of the company. Further it is participating as an equity shareholder in the 364 km long cross country multi product Mangalore-Hassan-Bangalore pipeline which will help the company in accessing wider consumption areas for its products. The Hassan-Bangalore Pipeline project of 367 KM long was operational and the first parcel of HSD was transported through this pipeline and was delivered at Bangalore on 1st August of the year 2003. The Centre for High Technology (CHT) selected the MRPL for the Jawaharlal Nehru centenary awards under energy performance of refineries for the year 2003-04. Shell made tie-up with MRPL for Petro products in the year 2004. During the year 2004-05, based on the MOU with ONGC the company purchased 3.7 MMT Mumbai High Crude on pricing formula applicable to other PSU Refineries. MRPL had signed a pact with Saudi, Iran firms for crude supply in the year 2005, also in the same year; the company had forged alliance with Ashok Leyland for retail outlets.

The Company forged alliance with Abu Dhabi firm in the year 2006 and MRPL had inked an agreement with Mauritius Company. In the identical year ICRA Ltd had assigned an Issuer Rating of IR AAA to the company. During the year 2006-07, the company took implementation of a large Refinery Upgradation and Expansion project at a cost of Rs.7943 crore. For Aromatics Project worth of Rs.4852 crore, ONGC and MRPL had incorporated a Joint Venture company under the name of ONGC Mangalore Petrochemicals Ltd (OMPL). In July of the year 2007, The Company had entered into a contract with State Trading Corporation (STC), Mauritius to supply petroleum products and also in the same year, in September, MRPL had signed a 4-year product supply agreement (extendable by another two years) with Shell India Marketing. As at January 2008, MRPL along with Shell Aviation made a landmark agreement for the purpose of entering an exclusive joint venture to market and supply aviation fuel. MRPL sold its first spot cargo to Iran in April 2008.

On 23 June 2008, ONGC and MRPL announced withdrawal from Kakinada Refinery & Petrochemicals Limited (KRPL) and Kakinada Special Economic Zone (KSEZ) Projects. The Management of Oil and Natural Gas Corporation Ltd (ONGC) and its subsidiary Mangalore Refinery & Petrochem Ltd (MRPL) has been considering ways and means to establish a Greenfield refinery in the SEZ at Kakinada. There have been various issues affecting the steering of Projects of Kakinada Refinery & Petrochemicals Ltd (KRPL) and Kakinada Special Economic Zone (KSEZ). Considering these various factors, the Management of ONGC and MRPL feel that it will be appropriate not to continue as equity partners in these two projects. Accordingly in the meeting of Board of Directors of KRPL and KSEZ held on 23 June 2008, the Management of ONGC and MRPL has informed that they have decided to withdraw from the two Projects with immediate effect. ONGC's proposed equity participation, through its subsidiary MRPL, was 46% in KRPL and 26% in KSEZ.

The Board of Directors of ONGC at its meeting held on 23 July 2009 approved the Investment proposal of MRPL for installation of a Polypropylene unit integrated with the MRPL Phase-3 complex facilities, which is under implementation, with an estimated Capex of Rs 1803.78 crore. The Project envisages value addition through conversion of Polymer grade propylene produced from the Petrochemical Fluidised Catalytic Cracking Unit (PFCCU) being implemented under the Phase-3 Refinery Project to Polypropylene. The nameplate capacity of the Polypropylene plant is 440,000 TPA. The completion of Basic Design Engineering package and execution of the project is targeted in 30 months. The Polypropylene produced from MRPL complex would help in bridging the gap between supply and demand in the southern region of India.

The MRPL Board in its meeting held on 16 February 2010 decided to increase the name-plate capacity/installed capacity of its refinery (Phase- I and Phase- II units) from the existing 9.69 MMTPA to 11.82 MMTPA considering the successful utilization of Design Margins available in the units over a period of 4 years. The cost of the expansion project is estimated at Rs 12412 crore. The mega Project will be funded through a 2:1 debt equity ratio. The equity portion will be financed using the MRPL internal accruals and the debt would be raised from the market.

With the commissioning of Crude and Vacuum Distillation Unit-III (CDU / VDU-III) on 29 March 2012, production went on stream from the Phase-III Refinery Expansion-cum-Upgradation Project of MRPL. Thus, the name plate capacity of MRPL Refinery went up to 15 MMTPA from 11.82 MMTPA.

On 6 June 2012, MRPL announced that it has been granted special tax incentives/concession package by the Karnataka state government for a period of 15 years comprising of entry tax, CST exemption and VAT deferment equal to 100% and 60% of eligible gross VAT for first 3 years and balance 12 years respectively. The entry tax on capital goods bought during construction is also exempted during project execution stage.

On 8 July 2013, MRPL announced that it has been upgraded from Schedule 'B' status to Schedule 'A' status by Department of Public Enterprises (DPE), Government of India (GOI) with effect from 4 July 2013. This implies greater autonomy to the management, growth in organizational hierarchy besides placing MRPL in a better position in the international competitive market.

On 2 September 2013, MRPL announced that it has successfully commissioned Single Point Mooring (SPM) system off Tannirbavi coast. This facility will enable the company to receive crude in Suez Max/VLCC vessels which in turn will give freight economics and allow access to West African and Latin American crudes. This facility will also decongest existing berth facility at NMPT port for enhanced capacity operation of the refinery and reduce the incidence of demurrage. This facility is also intended for crude receipt by the Indian Strategic Petroleum Reserve Limited underground cavern for storage of crude at Mangalore. Commissioning of the SPM is expected to improve the bottom line of the company

MRPL's Delayed Coker Unit (DCU) of 3 MMTPA, which is part of the Refinery Up-gradation cum Expansion Project, went on stream on 3 April 2014. With this the Fuel Oil production will come down drastically with corresponding increase in high value products.

On 27 August 2014, MRPL announced that the Petro Fluidized Catalytie Cracking (PFCC) Unit has been successfully commissioned on 27 August 2014 in Phase-III project of the Company and products are being routed to respective destinations. This will increase LPG, light distillates and production of Propylene which is a feed for Polypropylene Unit.

On 8 December 2014, MRPL announced that the company has obtained a bulk supply order of petcoke form M/S Ramco Cements Ltd. to supply 6000 metric tonnes of petcoke by barge from NMPT, Mangalore. This is the first major bulk supply of petcoke by barge.

The Board of Directors of MRPL at its meeting held on 9 February 2015 approved acquiring of major stake in ONGC Mangalore Petrochemicals Limited (OMPL). MRPL was holding 3% of the paid up equity of OMPL, which has been increased to 46% by purchasing fully paid up equity shares from individual shareholders.

On 28 February 2015, MRPL announced that ONGC Mangalore Petrochemicals Limited (OMPL) has become a subsidiary of the company. Following allotment of shares to MRPL by OMPL, MRPL is holding 51.002% stake in OMPL.

MRPL successfully started commercial production of Polypropylene from its Polypropylene (PP) Plant as part of its Phase III Refinery expansion and upgradation project on 18 June 2015. The plant has capacity to produce 4,40,000 TPA polypropylene. The Feed Stock for the Polypropylene plant, polymer grade propylene, is being produced from upstream Petrochemical Fluidised Catalytic Cracking Unit (PFCCU). With this, MRPL's Phase-III of refining expansion is fully completed.

The Board of Directors of MRPL at its meeting held on 8 July 2015 approved a Scheme of Amalgamation between the company, ONGC Mangalore Petrochemicals Limited (OMPL) and their respective shareholders and creditors for the amalgamation of OMPL into and with the company in terms of Section 391-394 of Companies Act, 1956 and other relevant provisions of the Companies Act, 1956 and Companies Act, 2013 (Scheme). OMPL is a subsidiary of MRPL, wherein MRPL holds 51% and Oil and Natural Gas Corporation Limited holds 49% of the issued, subscribed and paid-up share capital. OMPL is primarily engaged in developing and operating a green field petrochemical project consisting of an aromatic complex situated in Mangalore Special Economic Zone for production of Para-xylene and Benzene.

On 7 October 2015, MRPL signed a Memorandum of Understanding (MOU) with New Mangalore Port Trust (NMPT) to study the feasibility of setting up an LNG Re-gasification terminal at Mangalore.

In February 2018, MRPL inaugurated company owned company operated (COCO) retail outlet at Panambur, Mangalore. In March 2018, it commissioned its first dealer owned dealer operated (DODO) retail outlet at Mandya in Karnataka.

In 2019-20, MRPL started producing BS VI MS & HSD from September, 2019.

During the FY 2020-21, MRPL acquired the stake of ONGC in ONGC Mangalore Petrochemicals Limited (OMPL) and consequently, as on March 31, 2021, MRPL held 99.99% stake in OMPL.

The amalgamation of erstwhile Wholly Owned Subsidiary Company, ONGC Mangalore Petrochemicals Limited (OMPL) with Holding Company i.e., Mangalore Refinery and Petrochemicals Limited (MRPL) was made effective from 01 May, 2022.

During year 2021-22, the Company commissioned FCC Gasoline Treating Unit (FGTU) of 800 KTPA Feed capacity as part of its BS-VI Project, on 11 July, 2021. It commissioned Desalination Plant based on Reverse Osmosis Technology using Seawater with design capacity of 30 MLD process grade water, on 17 Dec'21. It commissioned Sulfur Recovery Unit (SRU-7) with design capacity of 185 TPD Sulfur production as part of its BS-VI Project, on March 28, 2022. 4 New HSD tanks, Beta Land with the capacity of 30200 KL each of gross storage capacity along with the New HSD coastal line to Jetty were commissioned during FY2021-22. Five new Crudes were processed including Tupi Crude (API-30.2) from Brazil, Amna Crude (API-37.2) from Libya, Egina Crude (API-27.6) from Nigeria, Basrah Medium Crude (API- 28.57) from Iraq and Baobab Crude (API22.6, High TAN) from Ivory Coast for the first time during the FY 2021-22.

During 2022-23, the Company commissioned 31 Retail Outlets during FY 2022-23 increasing the count to a total of 63 operational retail outlets as on 31.03.2023. The Company's Joint Venture Shell MRPL Aviation Fuel and Services Limited acquired business for sale of Aviation Turbine Fuel (ATF) at Indian airports in 2023. A 30 MLD Desalination Plant was commissioned at Sea Coast of Arabic Ocean. Visbreaker unit was operated as Feed Preparation Unit for Delayed Coking Unit (DCU). Aromatic complex was operated on reformate mode during the year. Revamp of Regenerator section of CCR-1 was commissioned in Jun' 23.

Mangalore Refinery And Petrochemicals Share Price

Mangalore Refinery And Petrochemicals share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.

Mangalore Refinery And Petrochemicals Market Cap

Market capitalization of Mangalore Refinery And Petrochemicals indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Mangalore Refinery And Petrochemicals is valued compared to its competitors.

Mangalore Refinery And Petrochemicals PE Ratio

Mangalore Refinery And Petrochemicals PE ratio helps investors understand what is the market value of each stock compared to Mangalore Refinery And Petrochemicals 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.

Mangalore Refinery And Petrochemicals PEG Ratio

The PEG ratio of Mangalore Refinery And Petrochemicals evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.

Mangalore Refinery And Petrochemicals ROE (Return on Equity)

Return on Equity (ROE) measures how effectively Mangalore Refinery And Petrochemicals generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.

Mangalore Refinery And Petrochemicals ROCE (Return on Capital Employed)

Return on Capital Employed (ROCE) evaluates the profitability of Mangalore Refinery And Petrochemicals in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.

Mangalore Refinery And Petrochemicals Total Debt

Total debt of Mangalore Refinery And Petrochemicals shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.

Mangalore Refinery And Petrochemicals Debt to Equity Ratio

The Debt-to-Equity (DE) ratio of Mangalore Refinery And Petrochemicals compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.

Mangalore Refinery And Petrochemicals CAGR (Compound Annual Growth Rate)

CAGR shows the consistent growth rate of Mangalore Refinery And Petrochemicals over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.

Mangalore Refinery And Petrochemicals Technical Analysis

Technical analysis of Mangalore Refinery And Petrochemicals helps investors get an insight into when they can enter or exit the stock. Key components of Mangalore Refinery And Petrochemicals Technical Analysis include:

Support Levels (S1, S2, S3)

There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.

Resistance Levels (R1, R2, R3)

There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Mangalore Refinery And Petrochemicals shares often struggle to rise above due to selling pressure.

Mangalore Refinery And Petrochemicals Dividends

Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Mangalore Refinery And Petrochemicals ’s financial health and profitability.

Mangalore Refinery And Petrochemicals Bonus Shares

Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.

Mangalore Refinery And Petrochemicals Stock Split

Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.

Mangalore Refinery And Petrochemicals Financials

The financials of Mangalore Refinery And Petrochemicals provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.

Mangalore Refinery And Petrochemicals Profit and Loss Statements

The profit and loss statement of Mangalore Refinery And Petrochemicals highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Mangalore Refinery And Petrochemicals .

Mangalore Refinery And Petrochemicals Balance Sheet

The balance sheet presents a snapshot of Mangalore Refinery And Petrochemicals ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.

Mangalore Refinery And Petrochemicals Cashflow Statements

Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.

Download the App

Download the App