Mangalore Refinery And Petrochemicals Ltd

M R P L Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mangalore Refinery And Petrochemicals Ltd

₹ 145 -1.97%
21 Nov - close price
mrpl.co.in BSE: 500109 NSE: MRPL
About

Mangalore Refinery & Petrochemicals Limited (MRPL) was set up as a joint venture (JV) between the AV Birla Group and Hindustan Petroleum Corporation Limited (HPCL). It is now a subsidiary of Oil & Natural Gas Corporation(ONGC). The company is mainly engaged in the business of refining crude oil, petrochemical business, trading of aviation fuels and distribution of petroleum products through retail outlets and transport terminals. [1][2]

Key Points

Business Segments
1.Retail: The company entered the Retail fuel service stations business under the brand ‘HiQ’. As of FY24, it has a network of 101 retail outlets across Karnataka and Kerala. [1] [2]

In FY24, the total retail sales volume in the domestic market was 2.6 MMT with a sales value of Rs. ~15,400 Cr vs 1.9 MMT with a sales value of Rs. ~11,000 Cr in FY22. [2] [3]

Website BSE NSE
  • Market Cap ₹ 25,442 Cr.
  • Current Price ₹ 145
  • High / Low ₹ 289 / 112
  • Stock P/E 27.9
  • Book Value ₹ 70.1
  • Dividend Yield 2.07 %
  • ROCE 25.8 %
  • ROE 32.0 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 60.6% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 36.2%

Cons

  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Refineries Industry: Refineries

Part of Nifty LargeMidcap 250 Nifty 200 BSE Allcap BSE Energy BSE 150 MidCap Index

Edit Columns
Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
13,243 20,419 24,815 32,290 24,608 26,557 25,365 21,173 19,353 24,667 25,329 23,247 24,968
13,264 18,702 21,874 27,576 26,603 26,270 21,875 19,105 17,215 23,508 22,999 22,641 25,442
Operating Profit -21 1,717 2,941 4,714 -1,995 287 3,490 2,068 2,138 1,159 2,330 606 -474
OPM % -0% 8% 12% 15% -8% 1% 14% 10% 11% 5% 9% 3% -2%
23 43 -4 37 32 60 86 52 74 40 31 45 60
Interest 179 236 394 302 315 338 330 267 311 274 262 214 285
Depreciation 212 290 220 296 297 298 296 294 296 334 333 335 342
Profit before tax -390 1,235 2,323 4,153 -2,576 -288 2,950 1,559 1,606 591 1,766 101 -1,041
Tax % -38% 53% -30% 35% -31% -35% 35% 35% 34% 35% 36% 35% -34%
-243 586 3,008 2,708 -1,789 -188 1,908 1,013 1,059 387 1,137 66 -682
EPS in Rs -1.38 3.35 17.16 15.45 -10.21 -1.07 10.89 5.78 6.04 2.21 6.49 0.37 -3.89
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
65,696 71,815 57,463 39,647 43,208 48,451 62,062 51,002 31,959 69,758 109,026 90,407 98,211
65,393 70,808 59,551 37,859 38,493 44,139 60,382 53,524 31,251 64,814 102,498 82,562 94,590
Operating Profit 303 1,007 -2,088 1,789 4,714 4,311 1,681 -2,522 708 4,944 6,528 7,845 3,621
OPM % 0% 1% -4% 5% 11% 9% 3% -5% 2% 7% 6% 9% 4%
153 430 838 674 2,015 154 131 97 93 64 196 53 175
Interest 329 321 407 594 520 443 475 749 558 1,212 1,298 1,119 1,035
Depreciation 604 706 499 710 678 671 757 783 1,158 1,088 1,187 1,257 1,345
Profit before tax -477 410 -2,156 1,158 5,531 3,351 581 -3,958 -915 2,708 4,239 5,521 1,417
Tax % 59% -47% -21% 1% 34% 34% 43% -31% -17% -9% 38% 35%
-757 601 -1,712 1,147 3,644 2,224 332 -2,740 -761 2,955 2,638 3,596 907
EPS in Rs -4.32 3.43 -9.77 6.54 20.79 12.69 1.89 -15.64 -4.34 16.86 15.05 20.52 5.18
Dividend Payout % 0% 0% 0% 0% 29% 24% 53% 0% 0% 0% 0% 15%
Compounded Sales Growth
10 Years: 2%
5 Years: 8%
3 Years: 41%
TTM: 6%
Compounded Profit Growth
10 Years: 22%
5 Years: 61%
3 Years: 90%
TTM: -76%
Stock Price CAGR
10 Years: 10%
5 Years: 25%
3 Years: 49%
1 Year: 28%
Return on Equity
10 Years: 13%
5 Years: 14%
3 Years: 36%
Last Year: 32%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 1,753 1,753 1,753 1,753 1,753 1,753 1,753 1,753 1,753 1,753 1,753 1,753 1,753
Reserves 4,715 5,316 3,552 4,679 8,318 9,280 8,974 6,014 2,485 5,444 8,082 11,499 10,530
7,558 9,793 9,032 8,075 8,541 7,950 9,131 11,896 24,062 21,310 16,939 12,687 13,533
12,676 22,665 20,007 22,787 7,802 7,238 7,333 6,145 6,425 11,561 8,410 9,467 8,772
Total Liabilities 26,701 39,527 34,345 37,293 26,414 26,221 27,191 25,808 34,725 40,068 35,184 35,406 34,588
5,781 5,991 14,109 14,881 14,161 14,038 13,996 14,239 19,596 21,384 20,396 20,410 20,251
CWIP 7,554 8,552 1,378 188 220 668 982 1,730 2,343 170 475 744 712
Investments 15 15 1,350 1,350 1,350 1,350 1,503 2,178 16 16 16 17 19
13,351 24,969 17,508 20,874 10,684 10,166 10,710 7,661 12,770 18,499 14,297 14,234 13,605
Total Assets 26,701 39,527 34,345 37,293 26,414 26,221 27,191 25,808 34,725 40,068 35,184 35,406 34,588

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
882 8,602 -576 1,376 -852 3,507 569 183 -2,818 4,496 6,364 7,045
-2,209 -921 -1,408 359 -337 -966 -952 -1,563 -2,101 -595 -673 -1,518
698 1,387 -1,503 -1,748 67 -2,334 -55 1,379 4,944 -3,922 -5,690 -5,524
Net Cash Flow -629 9,068 -3,487 -13 -1,121 207 -438 -1 24 -20 1 3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 22 23 15 22 22 20 14 7 28 23 15 16
Inventory Days 38 44 22 33 40 41 36 28 90 62 25 38
Days Payable 62 109 116 221 59 40 29 23 50 55 23 33
Cash Conversion Cycle -2 -43 -79 -166 3 20 21 12 67 29 17 21
Working Capital Days -7 -47 -92 -164 -16 -13 10 -3 49 23 14 16
ROCE % -1% 4% -11% 13% 27% 20% 6% -16% -1% 14% 20% 26%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
88.58% 88.58% 88.58% 88.58% 88.58% 88.58% 88.58% 88.58% 88.58% 88.58% 88.58% 88.58%
0.74% 0.77% 1.60% 1.57% 1.05% 1.07% 1.08% 1.54% 2.55% 2.68% 2.26% 1.69%
2.34% 2.06% 1.55% 0.34% 0.28% 0.28% 0.70% 1.10% 1.57% 1.50% 1.50% 1.48%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00%
8.34% 8.59% 8.26% 9.51% 10.08% 10.06% 9.62% 8.76% 7.30% 7.23% 7.64% 8.23%
No. of Shareholders 3,55,7153,57,0113,77,3113,99,8204,04,6324,02,0513,93,1793,85,9453,69,7614,40,5694,67,8755,14,267

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls