Mangalore Refinery & Petrochemicals Ltd. (IN:MRPL)
:MRPL
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Mangalore Refinery & Petrochemicals Ltd.
(MRPL)
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Rating:66Neutral
Price Target:
₹201.00
▲(32.80% Upside)
Action:DowngradedDate:04/27/26
The score is driven primarily by mixed financial quality—turnaround profitability and improved leverage offset by weak and volatile cash flow conversion—while valuation is notably attractive (low P/E with a dividend) and technicals are modestly constructive with price holding above major moving averages.
Positive Factors
Improved Leverage / Stronger Capital Base
Substantial reduction in leverage to ~1.1x versus very high levels earlier materially strengthens MRPL's balance sheet. A lower debt burden improves financial flexibility for maintenance, turnaround spending and volatility absorption, reducing refinancing and liquidity strain over coming months.
Negative Factors
Weak Cash Conversion / Falling Free Cash Flow
Sharp drop in free cash flow and low cash conversion versus earnings reduce the company's ability to fund capex, service debt or return cash to shareholders without depending on strong cyclical margins. This weak cash quality limits durable capital allocation flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Leverage / Stronger Capital Base
Substantial reduction in leverage to ~1.1x versus very high levels earlier materially strengthens MRPL's balance sheet. A lower debt burden improves financial flexibility for maintenance, turnaround spending and volatility absorption, reducing refinancing and liquidity strain over coming months.
Read all positive factors
Mangalore Refinery & Petrochemicals Ltd. (MRPL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹302.15B
Dividend Yield2.04%
Average Volume (3M)323.76K
Price to Earnings (P/E)16.4
Beta (1Y)1.25
Revenue Growth-6.35%
EPS Growth3324.95%
CountryIN
Employees2,548
SectorEnergy
Sector Strength52
IndustryOil & Gas Refining & Marketing
Share Statistics
EPS (TTM)0.70
Shares Outstanding1,752,598,800
10 Day Avg. Volume549,586
30 Day Avg. Volume323,759
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)2.22
Price to Sales (P/S)0.36
P/FCF Ratio73.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)12.07
Revenue Forecast (FY)₹951.88B
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 poly...
How the Company Makes Money
MRPL primarily makes money by buying crude oil and refining it into higher-value petroleum products, then selling those products into domestic and export markets. The main revenue stream is the sale of refined products (commonly including transpor...
Mangalore Refinery & Petrochemicals Ltd. Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
60
Neutral
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 864.33B | 886.67B | 946.43B | 903.73B | 1.09T | 698.15B |
| Gross Profit | 48.04B | 82.52B | 31.17B | 86.30B | 84.36B | 57.38B |
| EBITDA | 39.68B | 62.35B | 24.28B | 78.61B | 65.13B | 46.76B |
| Net Income | 10.37B | 19.25B | 562.05M | 35.97B | 26.55B | 29.58B |
Balance Sheet | ||||||
| Total Assets | 355.61B | 444.81B | 344.35B | 354.30B | 351.45B | 400.71B |
| Cash, Cash Equivalents and Short-Term Investments | 8.74B | 6.11B | 313.90M | 97.28M | 389.20M | 55.24M |
| Total Debt | 108.24B | 153.41B | 131.43B | 126.87B | 169.39B | 213.10B |
| Total Liabilities | 222.43B | 302.84B | 214.65B | 221.48B | 252.81B | 328.62B |
| Stockholders Equity | 133.18B | 141.97B | 129.70B | 132.83B | 98.65B | 72.09B |
Cash Flow | ||||||
| Free Cash Flow | 35.75B | 4.31B | 8.88B | 54.89B | 56.62B | 40.82B |
| Operating Cash Flow | 43.28B | 18.43B | 18.78B | 70.45B | 63.64B | 46.93B |
| Investing Cash Flow | -7.34B | -14.13B | -9.40B | -15.18B | -6.73B | -5.95B |
| Financing Cash Flow | -27.97B | 1.24B | -9.38B | -55.24B | -56.90B | -41.19B |
Mangalore Refinery & Petrochemicals Ltd. Technical Analysis
Positive
151.35
Price Trends
185.33
Negative
167.93
Positive
152.90
Positive
Market Momentum
-2.31
Positive
51.71
Neutral
50.18
Neutral
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 151.35 is below the 20-day moving average (MA) of 181.81, below the 50-day MA of 185.33, and below the 200-day MA of 152.90, indicating a neutral trend. The MACD of -2.31 indicates Positive momentum. The RSI at 51.71 is Neutral, neither overbought nor oversold. The STOCH value of 50.18 is Neutral, 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹1.36T | 5.71 | ― | 4.73% | 0.48% | 79.19% | |
69 Neutral | ₹419.40B | 12.25 | ― | 3.58% | -11.61% | -0.15% | |
69 Neutral | ₹263.89B | 26.58 | ― | 1.47% | -6.70% | -8.56% | |
68 Neutral | ₹2.06T | 4.41 | ― | 4.90% | 1.30% | 240.73% | |
66 Neutral | ₹302.15B | 16.38 | ― | 2.04% | -6.35% | 3324.95% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | ₹810.81B | 6.62 | ― | 3.26% | -0.61% | 155.36% |
* Energy Sector Average
IN:MRPL
Mangalore Refinery & Petrochemicals Ltd.
173.70
42.62
32.51%
IN:BPCL
Bharat Petroleum Corporation Limited
307.70
15.24
5.21%
IN:GUJGASLTD
Gujarat Gas Ltd.
389.30
-72.59
-15.72%
IN:HINDPETRO
Hindustan Petroleum Corporation Limited
379.65
2.61
0.69%
IN:IOC
Indian Oil Corp. Ltd.
145.40
18.08
14.20%
IN:PETRONET
Petronet Lng Limited
277.65
-21.22
-7.10%
Mangalore Refinery & Petrochemicals Ltd. Corporate Events
MRPL Files SEBI Compliance Certificate on Dematerialised Securities Handling
Apr 4, 2026
Mangalore Refinery and Petrochemicals Limited has disclosed that it received a compliance certificate from its registrar and transfer agent MUFG Intime India Private Limited for the quarter ended March 31, 2026. The filing confirms adherence to Re...
MRPL Completes Payout of 40% Interim Dividend for FY 2025-26
Mar 31, 2026
Mangalore Refinery and Petrochemicals Limited has confirmed that the interim dividend of Rs 4 per fully paid equity share of Rs 10 each, equivalent to 40% for the 2025-26 financial year, has been paid to eligible shareholders. The distribution, ap...
MRPL Refutes Social Media Rumours of Refinery Shutdown, Says Operations Normal
Mar 7, 2026
Mangalore Refinery and Petrochemicals Ltd. has denied social media reports claiming it has begun shutting down parts of its 300,000 barrels-per-day Mangalore refinery due to crude feedstock shortages linked to Middle Eastern supply disruptions. Th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.