Mangalore Refinery And Petrochemicals Limited (MRPL)

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Mangalore Refinery And Petrochemicals Limited (MRPL) · mywealthgrid

About

Refinery and petrochemical producer in India's Energy sector, operating petroleum product manufacturing and marketing. Market cap ₹29,889 Cr positions it as a substantial domestic player; dual listing on BSE/NSE reflects its infrastructure role.

Face value: ₹10

Market cap

₹28,876 Cr

P/E

9.2×

P/B

2.0×

Dividend yield

2.4%

ROE

14.2%

ROCE

20.6%

Debt / equity

1.01

OPM

5.9%

EPS (TTM)

₹17.9

Book value

₹81.0

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin swings 3.17%–9.37% across recent quarters indicate high sensitivity to crude oil and product prices
D/E ratio 1.01 provides moderate leverage; refineries are capital-intensive, and margin contraction could stress debt serviceability
Mar 2026 net profit fell to ₹119.36 Cr (0.42% margin) despite 6.26% OPM—verify whether driven by taxes, finance costs, or operational factors
Promoter holds 88.58%; minority shareholders face limited governance influence

Generated analysis · source review pending

Growth drivers

Revenue grew from ₹25,952.94 Cr (Sep 2025) to ₹41,608.96 Cr (Jun 2026)—verify if seasonal volume swing or structural throughput increase
Dec 2025 net profit ₹1,450.89 Cr at 9.37% OPM shows earning power when commodity mix or pricing is favorable
Regular dividend distributions (4 corporate events listed) indicate cash generation capacity—verify against capex needs and margin volatility

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹164.8-4%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 15.6% over the last 5 years
+High promoter holding of 88.6% with no pledge

Cons

−Thin operating margin of 5.9%
−Profit declined 10.2% a year over the last 3 years

Research score

Structured signal from quality, growth, valuation and momentum.

55/100

Business quality: 35
Growth: 33
Valuation: 96

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY SMALLCAP 100 NIFTY SMALLCAP 250 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	50,962	59,989	63,688	59,980	50,895	86,064	1,24,736	1,05,223	1,09,277	1,05,155
COGS	34,858	36,937	42,299	50,778	29,099	62,226	98,669	79,720	89,222	78,058
Gross profit	16,105	23,052	21,389	9,202	21,796	23,838	26,067	25,503	20,055	27,097
	14,399	18,069	16,887	12,355	21,100	18,900	19,532	17,793	17,734	20,854
	1,705	4,983	4,502	-3,153	697	4,938	6,535	7,710	2,321	6,244
OPM %	3.4%	8.3%	7.1%	-5.3%	1.4%	5.7%	5.2%	7.3%	2.1%	5.9%
Depreciation	1,013	984	966	1,086	1,158	1,088	1,187	1,257	1,347	1,520
Interest	1,080	966	913	1,241	554	1,207	1,285	1,114	1,008	907
	856	419	274	82	97	68	192	183	153	198
Profit before tax	287	5,054	2,871	-5,398	-919	2,711	4,256	5,523	119	4,015
Tax	-219	1,761	1,098	-1,359	-154	-247	1,600	1,925	63	2,090
Tax %	-76.5%	34.8%	38.2%	-25.2%	-16.8%	-9.1%	37.6%	34.9%	52.7%	52.1%
	506	3,293	1,774	-4,039	-765	2,958	2,655	3,597	56	1,925
PAT margin %	1%	5.5%	2.8%	-6.7%	-1.5%	3.4%	2.1%	3.4%	0.1%	1.8%
EPS (₹)	—	—	—	-19.1	-3.2	16.9	15.2	20.5	0.3	11
EPS adjusted (₹)	4.7	19.8	11.4	-19.1	-3.2	16.9	15.2	20.5	0.3	11
	—	—	—	—	—	0%	0%	14.6%	0%	—
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	1,753	1,753	1,753	1,753	1,753	1,753	1,753	1,753	1,753	1,753	1,753
Reserves	3,457	7,750	8,481	8,193	4,607	2,495	5,457	8,112	11,530	11,217	12,444
Minority interest	871	373	154	300	—	—	—	—	—	—	—
	13,295	13,260	10,740	12,238	16,909	23,833	21,085	16,707	12,452	12,867	14,334
	21,933	9,705	10,823	10,282	7,373	6,648	11,777	8,574	9,696	8,599	15,951
Total equity & liabilities	41,309	32,840	31,951	32,766	30,642	34,729	40,071	35,145	35,430	34,435	44,481
	21,064	20,618	20,209	19,995	19,629	18,821	20,633	20,388	20,402	20,088	20,444
CWIP	1,394	220	682	995	2,541	3,111	913	475	721	720	828
Investments	37	42	31	29	37	33	36	54	56	63	57
	18,815	11,960	11,029	11,748	8,435	12,764	18,489	14,229	14,250	13,564	23,152
Total assets	41,309	32,840	31,951	32,766	30,642	34,729	40,071	35,145	35,430	34,435	44,481

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	33.6%	15.3%	42.8%	27.7%	20.9%	24.2%	18.4%	25.8%
EBITDA margin %	7.1%	-5.3%	1.4%	5.7%	5.2%	7.3%	2.1%	5.9%
EBIT margin %	5.6%	-7.1%	-0.9%	4.5%	4.3%	6.1%	0.9%	4.5%
PAT margin %	2.8%	-6.7%	-1.5%	3.4%	2.1%	3.4%	0.1%	1.8%
Working capital
Receivable days	15	6	18	18	13	13	12	21
Inventory days	45	30	89	62	25	38	32	67
Payable days	0	24	50	55	23	33	24	52
NWC days	60	13	56	25	15	18	20	37
Leverage
Current ratio	0.54	0.57	0.73	0.86	0.99	1.03	0.98	1.14
Debt to EBITDA	2.39	—	34.21	4.28	2.57	1.62	5.61	2.3
Debt to equity	1.05	2.66	5.61	2.92	1.69	0.94	0.99	1.01
Interest coverage	4.2	-3.4	-0.7	3.3	4.3	6	1.1	5.4
Asset turnover	1.99	1.96	1.47	2.15	3.55	2.97	3.17	2.36
Return ratios
Return on assets %	5.6%	-13.2%	-2.2%	7.4%	7.6%	10.2%	0.2%	4.3%
Return on capital employed %	22.5%	-23.4%	-1.8%	18.4%	24.3%	28.7%	4.9%	20.6%
Return on equity %	17.3%	-63.5%	-18%	41%	26.9%	27.1%	0.4%	13.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	88.58%	88.58%	88.58%	88.58%	88.58%	88.58%	88.58%	88.58%	88.58%	88.58%	88.58%	88.58%
	1.54%	2.55%	2.68%	2.27%	1.7%	1.36%	1.3%	1.3%	1.21%	2.05%	3.41%	2.17%
	1.11%	1.57%	1.5%	1.51%	1.49%	1.67%	1.33%	1.38%	1.45%	1.05%	0.34%	0.39%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	8.77%	7.3%	7.24%	7.64%	8.23%	8.39%	8.79%	8.74%	8.76%	8.32%	7.67%	8.86%
No. of shareholders	—	—	—	—	—	—	—	—	5,11,428	4,74,143	4,66,296	4,81,301

Promoter holding up 0 percentage points since Sep 2023.

4 deals · 20 Apr 2022 – 16 Jul 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
16 Jul 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	1,29,96,414	₹173.03	₹224.88 Cr
16 Jul 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	1,29,96,414	₹172.94	₹224.76 Cr
20 Apr 2022	QE SECURITIES	Bulk	NSE	Buy	88,14,426	₹63.83	₹56.26 Cr
20 Apr 2022	QE SECURITIES	Bulk	NSE	Sell	88,14,232	₹63.79	₹56.23 Cr

1–4 of 4

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. ARUN KUMAR SINGHNon-Executive - Nominee Director-Chairperson related to Promoter
Mr. MUNDKUR SHYAMPRASAD KAMATHExecutive Director-CEO-MD
Mr. NANDAKUMAR VELAYUDHAN PILLAIExecutive Director
Mr. DEVENDRA KUMARExecutive Director
Mr. BHARATHAN SHUNMUGAVELNon-Executive - Nominee Director
Ms. SEEMANon-Executive - Nominee Director
Mr. Satyan KumarNon-Executive - Nominee Director
Mr. Premachandra Rao GCompany Secretary & Chief Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 9 fund houses

Held by these funds

0.29%

of the company's equity

All mutual funds

0.31%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

29 schemes · 9 fund houses

		Shares
Energy Opportunities Fund	ICICI Prudential Mutual Fund	26.29 L	44.79	0.54%	0.15%	-0
Dividend Yield FundNEW	ICICI Prudential Mutual Fund	10.05 L	17.13	0.26%	0.057%	—
PSU EQUITY FUND	ICICI Prudential Mutual Fund	3.59 L	6.11	0.33%	0.02%	-15,000
Nifty Smallcap 250 Index Fund	Nippon India Mutual Fund	2.81 L	4.79	0.14%	0.016%	+3,435
Energy Opportunities Fund	Baroda BNP Paribas Mutual Fund	2.5 L	4.26	0.68%	0.014%	-0
Nifty Smallcap 250 Index Fund	SBI Mutual Fund	1.43 L	2.43	0.14%	0.008%	+1,597
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	1.04 L	1.76	0.14%	0.006%	+940
Nifty 500 Equal Weight Index Fund	Nippon India Mutual Fund	66,994	1.14	0.22%	0.004%	+34

1–8 of 29

1 / 4

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Assignment of new credit rating by M/s FITCH Ratings to MRPL.29 Sept 2026 from Fitch

Investor Presentation and earnings call

Jan 2026Transcript AI SummaryPPTREC
Oct 2025Transcript AI SummaryPPTREC

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

30 announcementsExport CSV

1 Oct 2026, 6:02 pmCompany Update

Disclosure Of Event Or Information Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

General PDF

1 Oct 2026, 5:05 pmCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release / Media Release PDF

1 Oct 2026, 4:30 pmOthers

Rumour verification - Regulation 30(11)

Exchange filing PDF

1 Oct 2026, 1:53 pmCompany Update

Clarification sought from Mangalore Refinery and Petrochemicals Ltd

Clarification

30 Sept 2026, 6:38 pmCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release / Media Release PDF

30 Sept 2026, 3:27 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

30 Sept 2026, 2:59 pmCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release / Media Release PDF

29 Sept 2026, 5:08 pmCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

Date	Category	Subject	Filing
1 Oct 2026, 6:02 pm	Company Update General	Disclosure Of Event Or Information Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF
1 Oct 2026, 5:05 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release

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Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	33.6%	15.3%	42.8%	27.7%	20.9%	24.2%	18.4%	25.8%
EBITDA margin %	7.1%	-5.3%	1.4%	5.7%	5.2%	7.3%	2.1%	5.9%
EBIT margin %	5.6%	-7.1%	-0.9%	4.5%	4.3%	6.1%	0.9%	4.5%
PAT margin %	2.8%	-6.7%	-1.5%	3.4%	2.1%	3.4%	0.1%	1.8%
Working capital
Receivable days	15	6	18	18	13	13	12	21
Inventory days	45	30	89	62	25	38	32	67
Payable days	0	24	50	55	23	33	24	52
NWC days	60	13	56	25	15	18	20	37
Leverage
Current ratio	0.54	0.57	0.73	0.86	0.99	1.03	0.98	1.14
Debt to EBITDA	2.39	—	34.21	4.28	2.57	1.62	5.61	2.3
Debt to equity	1.05	2.66	5.61	2.92	1.69	0.94	0.99	1.01
Interest coverage	4.2	-3.4	-0.7	3.3	4.3	6	1.1	5.4
Asset turnover	1.99	1.96	1.47	2.15	3.55	2.97	3.17	2.36
Return ratios
Return on assets %	5.6%	-13.2%	-2.2%	7.4%	7.6%	10.2%	0.2%	4.3%
Return on capital employed %	22.5%	-23.4%	-1.8%	18.4%	24.3%	28.7%	4.9%	20.6%
Return on equity %	17.3%	-63.5%	-18%	41%	26.9%	27.1%	0.4%	13.6%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Reliance IndustriesRELIANCERELIANCE	₹15,80,190 Cr	₹19,54,611 Cr	₹11,38,865 Cr	₹1,83,561 Cr	16.6%	₹74,727 Cr	8.9%	9.6%	9.2%	24
Indian Oil Corporation LimitedIOCIOC	₹1,85,468 Cr	₹3,17,290 Cr	₹9,61,537 Cr	₹67,856 Cr	8.6%	₹33,652 Cr	4.9%	21.1%	20.7%	40
Bharat Petroleum Corporation LimitedBPCLBPCL	₹1,30,415 Cr	₹1,73,897 Cr	₹5,52,733 Cr	₹27,469 Cr	7.9%	₹17,132 Cr	4.9%	27.1%	28.5%	14
Hindustan Petroleum Corporation LimitedHINDPETROHINDPETRO	₹73,409 Cr	₹1,24,308 Cr	₹5,03,898 Cr	₹6,938 Cr	6.4%	₹1,671 Cr	3.8%	23.9%	30.9%	14
Mangalore Refinery And Petrochemicals LimitedMRPLMRPL	₹28,876 Cr	₹43,210 Cr	₹1,25,775 Cr	₹7,374 Cr	5.9%	₹3,137 Cr	1.8%	20.6%	14.2%	37
Chennai Petroleum Corporation LimitedCHENNPETROCHENNPETRO	₹20,048 Cr	₹21,999 Cr	₹89,286 Cr	₹6,213 Cr	6.1%	₹4,174 Cr	4%	37.7%	32.1%	29
Sanmit Infra LtdSANINFRASANINFRA	₹766 Cr	₹780 Cr	₹104 Cr	₹6 Cr	5.4%	₹2 Cr	1.9%	8.3%	5.3%	153
Rajasthan Securities LtdRAJSECRAJSEC	₹455 Cr	₹455 Cr	₹0 Cr	₹0 Cr	55%	₹7 Cr	132.3%	136.9%	106%	121
Resgen LtdRESGENRESGEN	₹92 Cr	—	₹71 Cr	₹14 Cr	19.1%	₹9 Cr	12.3%	—	—	—
Continental Petroleums LtdCONTPTRCONTPTR	₹58 Cr	₹75 Cr	₹113 Cr	₹7 Cr	5.9%	₹4 Cr	4.1%	11.5%	6.3%	200
Real Eco-Energy LtdREALECOREALECO	₹45 Cr	₹63 Cr	₹0 Cr	₹0 Cr	15.7%	₹0 Cr	16.1%	2.2%	6.1%	775
Kotyark Industries LimitedKOTYARKKOTYARK	₹29 Cr	₹94 Cr	₹315 Cr	₹48 Cr	15.2%	₹19 Cr	6.2%	17.3%	10.4%	247

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,376	-1,108	3,972	1,640	183	-2,802	4,693	6,364	7,045	1,878	2,531
	359	-265	-981	-1,080	-1,563	-2,099	-595	-673	-1,518	-940	-1,378
	-1,748	265	-2,796	-996	1,379	4,925	-4,119	-5,690	-5,524	-938	-598
Net cash flow	-13	-1,109	194	-436	-1	24	-20	1	3	0	554
Free cash flow	—	—	—	—	—	-3,716	4,082	5,662	5,489	888	1,119
CFO / Operating profit %	80.7%	-22.2%	88.2%	—	—	-402.2%	95.2%	98%	91.5%	81.9%	40.6%

Mangalore Refinery And Petrochemicals Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Announcements

Not in the F&O segment

12

1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Mangalore Refinery And Petrochemicals Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

Dividends12

Board meetings1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

12

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