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

• Market Cap: ₹308.28B
• Dividend Yield: 1.71%
• Average Volume (3M): 323.76K
• Price to Earnings (P/E): 29.7
• Beta (1Y): 1.61
• Revenue Growth: -11.96%
• EPS Growth: 14.31%
• Country: IN
• Employees: 2,548
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): 3.60
• Shares Outstanding: 1,752,598,800
• 10 Day Avg. Volume: 549,586
• 30 Day Avg. Volume: 323,759
• PEG Ratio: -4.27
• Price to Book (P/B): 1.82
• Price to Sales (P/S): 0.25
• P/FCF Ratio: 26.64
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ₹176.00 ▲(0.06% Upside)

Mangalore Refinery & Petrochemicals Ltd. demonstrates strong financial resilience with improved profitability and stable leverage. However, technical indicators suggest overbought conditions, and valuation metrics indicate the stock may be overvalued. The lack of earnings call and corporate events data limits further insights.

Mangalore Refinery & Petrochemicals Ltd. Business Overview & Revenue Model

Company Description

Mangalore Refinery & Petrochemicals Ltd. (MRPL) is a leading Indian petroleum refining and petrochemical company, located in Mangalore, Karnataka. Established in 1988, MRPL operates a state-of-the-art refinery with a capacity of 15 million metric tons per annum (MMTPA) and is a subsidiary of Oil and Natural Gas Corporation (ONGC). The company specializes in the production of a wide range of petroleum products, including motor spirit (petrol), high-speed diesel, kerosene, and various petrochemicals, catering to both domestic and international markets.

How the Company Makes Money

MRPL generates revenue primarily through the refining of crude oil into various petroleum products. The company purchases crude oil from various suppliers, refines it, and then sells the finished products to wholesalers, retailers, and large industrial customers. Key revenue streams include the sale of transportation fuels like petrol and diesel, which are in high demand in the Indian market. Additionally, MRPL produces and sells petrochemicals that serve as raw materials for various industries. The company benefits from its strategic location near a port, facilitating easy distribution and export of its products. Significant partnerships with oil marketing companies and a focus on cost-effective production enhance its earnings potential. Furthermore, government policies and regulations regarding fuel pricing and subsidies also play a crucial role in influencing MRPL's financial performance.

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	889.98B	948.89B	903.34B	1.09T	697.58B	319.59B
Gross Profit	44.60B	48.50B	100.57B	98.42B	69.92B	24.66B
EBITDA	20.30B	24.68B	79.54B	78.22B	51.69B	5.62B
Net Income	-2.89B	562.05M	35.97B	26.55B	29.58B	-7.65B
Balance Sheet
Total Assets	0.00	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	0.00	131.43B	126.87B	169.39B	213.10B	240.62B
Total Liabilities	-129.70B	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: Positive
• Last Price: 175.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MRPL, the sentiment is Positive. The current price of 175.9 is above the 20-day moving average (MA) of 151.19, above the 50-day MA of 137.71, and above the 200-day MA of 133.68, indicating a bullish trend. The MACD of 8.59 indicates Negative momentum. The RSI at 80.33 is Negative, neither overbought nor oversold. The STOCH value of 85.88 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
BPCL	76 Outperform	₹1.62T	7.51	―	2.80%	-1.35%	61.80%
IOC	76 Outperform	₹2.39T	9.37	―	1.77%	-0.93%	42.85%
PETRONET	75 Outperform	₹420.83B	11.35	―	4.61%	-9.25%	-5.83%
GUJGASLTD	69 Neutral	₹280.28B	24.47	―	1.43%	-2.76%	-9.00%
HINDPETRO	67 Neutral	₹1.03T	7.41	―	2.17%	-1.81%	231.75%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
MRPL	61 Neutral	₹308.28B	29.74	―	1.71%	-11.96%	14.31%

Mangalore Refinery & Petrochemicals Ltd. Corporate Events

MRPL Reports Strong Financial Turnaround in Latest Results

Mangalore Refinery and Petrochemicals Limited announced the approval of its standalone and consolidated un-audited financial results for the quarter and half-year ending September 30, 2025, during a board meeting on October 15, 2025. The company reported a net profit of ₹638.67 crore for the quarter, marking a significant turnaround from the previous year’s loss, indicating improved financial performance and potentially strengthening its market position.

MRPL Reports Turnaround in Q2 FY 2025-26 with Improved Profitability

MRPL announced its financial results for the second quarter and half-year ending September 30, 2025. The company reported a significant turnaround with a profit after tax of ₹639 crore for Q2 FY 2025-26, compared to a loss of ₹682 crore in the same period last year. Revenue from operations decreased to ₹25,953 crore from ₹28,786 crore year-on-year. The company also processed a new crude oil type from Kuwait and achieved a record dispatch at its Devangonthi terminal, indicating operational advancements.