Mangalore Refinery & Petrochemicals Ltd. (MRPL) AI Stock Analysis

• Market Cap: ₹227.66B
• Dividend Yield: 2.31%
• Average Volume (3M): 103.36K
• Price to Earnings (P/E): 461.1
• Beta (1Y): 1.59
• Revenue Growth: -3.99%
• EPS Growth: -110.83%
• Country: IN
• Employees: 2,548
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): -1.55
• Shares Outstanding: 1,752,598,800
• 10 Day Avg. Volume: 123,777
• 30 Day Avg. Volume: 103,361
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹131.00
• Price Target Upside: 0.92% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 56 Neutral
• Price Target: ₹131.00 ▲(0.92% Upside)

The overall stock score is primarily influenced by financial performance and technical analysis. Improved profitability and stable leverage are positive, but concerns about declining cash flow and high debt levels weigh on the score. Technical indicators suggest a bearish trend, while valuation metrics highlight profitability concerns.

Mangalore Refinery & Petrochemicals Ltd. Business Overview & Revenue Model

Company Description

Mangalore Refinery and Petrochemicals Limited manufactures and sells refined petroleum products in India. The company produces and sells bitumen, furnace oil, high speed diesel, xylol, naphtha pet coke, sulphur, and motor gasoline, as well as polypropylene and other products. The company was incorporated in 1988 and is based in Mangalore, India. Mangalore Refinery and Petrochemicals Limited is a subsidiary of Oil and Natural Gas Corporation Limited.

How the Company Makes Money

MRPL generates revenue primarily through the refining and sale of petroleum products. The company purchases crude oil, refines it into various products, and sells these products in domestic and international markets. Key revenue streams include the sale of transportation fuels like gasoline and diesel, petrochemicals, and specialty products. The company benefits from strategic partnerships with its parent company ONGC for crude oil supply and distribution networks that ensure effective market reach. Additionally, MRPL's revenue is influenced by fluctuations in global oil prices, refining margins, and government regulations related to the oil and gas sector.

Mangalore Refinery & Petrochemicals Ltd. Financial Statement Overview

Summary

Mangalore Refinery & Petrochemicals Ltd. has shown resilience with improved profitability and stable leverage. Despite slower revenue growth, the company maintains positive margins. However, declining cash flow and high debt levels may impact future financial flexibility. Continuous improvement in operational efficiency and careful debt management will be essential for sustained growth and stability.

Income Statement

Mangalore Refinery & Petrochemicals Ltd. shows significant improvement in profitability, with a positive net profit margin in the latest year compared to previous losses. Gross profit margin improved to 5.76%, and the EBIT margin reached 5.02%. However, the revenue growth rate from 2024 to 2025 was modest at 4.77%, indicating slower growth compared to prior years. The company's ability to sustain margins amidst fluctuating revenues is commendable.

Balance Sheet

The company maintains a relatively stable financial position with a Debt-to-Equity Ratio of 1.01, indicating balanced leverage. The Return on Equity (ROE) is low at 0.43%, reflecting limited profitability on equity capital. The Equity Ratio of 37.67% demonstrates a reasonable proportion of equity financing, providing a buffer against liabilities. However, high debt levels could pose risks if not managed effectively.

Cash Flow

Operating cash flow remains positive, but there is a sharp decline from previous periods. The Operating Cash Flow to Net Income Ratio of 33.42 indicates reliance on operations for cash generation. Free cash flow decreased significantly, with a growth rate of -83.83% from 2024 to 2025, which raises concerns about future liquidity and investment capacity. Maintaining positive free cash flow is crucial for future growth.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	946.82B	946.82B	903.73B	1.09T	697.85B	316.51B
Gross Profit	41.14B	54.59B	86.30B	230.49B	57.41B	10.07B
EBITDA	20.72B	22.93B	78.61B	67.02B	46.54B	10.76B
Net Income	562.10M	562.10M	35.97B	26.55B	29.58B	-7.65B
Balance Sheet
Total Assets	344.35B	344.35B	354.30B	351.45B	400.71B	347.29B
Cash, Cash Equivalents and Short-Term Investments	313.90M	313.90M	97.28M	389.20M	55.24M	258.25M
Total Debt	131.43B	131.43B	126.87B	169.39B	213.10B	240.62B
Total Liabilities	214.65B	214.65B	221.48B	252.81B	328.62B	304.81B
Stockholders Equity	129.70B	129.70B	132.83B	98.65B	72.09B	42.48B
Cash Flow
Free Cash Flow	0.00	8.88B	54.89B	56.62B	40.82B	-37.16B
Operating Cash Flow	0.00	18.78B	70.45B	63.64B	46.93B	-28.02B
Investing Cash Flow	0.00	-9.40B	-15.18B	-6.73B	-5.95B	-20.99B
Financing Cash Flow	0.00	-9.38B	-55.24B	-56.90B	-41.19B	49.25B

Mangalore Refinery & Petrochemicals Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 129.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MRPL, the sentiment is Neutral. The current price of 129.8 is above the 20-day moving average (MA) of 126.33, below the 50-day MA of 131.05, and below the 200-day MA of 134.12, indicating a neutral trend. The MACD of 0.09 indicates Negative momentum. The RSI at 55.15 is Neutral, neither overbought nor oversold. The STOCH value of 75.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MRPL.

Mangalore Refinery & Petrochemicals Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PETRONET	74 Outperform	417.68B	11.26	19.99%	4.64%	-9.25%	-5.83%
BPCL	71 Outperform	1.43T	8.12	16.39%	3.03%	-1.89%	-8.61%
GUJGASLTD	69 Neutral	299.59B	26.16	13.53%	1.34%	-2.76%	-9.00%
IOC	65 Neutral	2.10T	12.11	7.29%	2.02%	-1.95%	-45.00%
HINDPETRO	61 Neutral	878.90B	8.61	13.17%	2.54%	-1.06%	3.34%
MRPL	56 Neutral	₹227.66B	461.09		2.31%	-3.99%	-110.83%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%