Is Mangalore Refinery And Petrochemicals a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mangalore Refinery And Petrochemicals Ltd is a average quality company .

Is Mangalore Refinery And Petrochemicals undervalued or overvalued?

The key valuation ratios of Mangalore Refinery And Petrochemicals Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Mangalore Refinery And Petrochemicals share price return in the past 10 years?

Mangalore Refinery And Petrochemicals Ltd share price has appreciated 9.5% annually (CAGR) over the past ten years.

Is Mangalore Refinery And Petrochemicals a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mangalore Refinery And Petrochemicals Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Mangalore Refinery And Petrochemicals?

Company share prices are keep on changing according to the market conditions. The closing price of Mangalore Refinery And Petrochemicals on 04-Nov-2024 at 15:31 is 147.25.

What is the P/E ratio of Mangalore Refinery And Petrochemicals?

The latest standalone P/E ratio of Mangalore Refinery And Petrochemicals as of 04-Nov-2024 is 28.48.

What is the P/B ratio of Mangalore Refinery And Petrochemicals?

The latest standalone P/B ratio of Mangalore Refinery And Petrochemicals as of 04-Nov-2024 is 2.10.

What is the 52-week high and low of Mangalore Refinery And Petrochemicals?

The 52-week high of Mangalore Refinery And Petrochemicals is Rs. 289.25 and the 52-week low is Rs. 103.65.

What is the TTM revenue of Mangalore Refinery And Petrochemicals?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mangalore Refinery And Petrochemicals is Rs. 113648.78 (Cr.).

Mangalore Refinery And Petrochemicals Ltd - Stock Valuation and Financial Performance

Name: Mangalore Refinery And Petrochemicals
Brand: Mangalore Refinery And Petrochemicals

BSE: 500109 | NSE: MRPL | Refineries | Mid Cap

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MRPL Share Price

₹147.25 -4.20 -2.77%
as on 04-Nov'24 15:31

10 Year X-Ray of MRPL:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	-11.2%	12.2%	36.5%	20.2%	5.4%	-16.2%	-0.3%	13.9%	20.2%	25.4%	-
Value Creation Index ⓘ	-1.8	-0.1	1.7	0.8	-0.6	-2.2	-1.0	0.0	0.5	1.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	57,463	39,647	43,208	48,451	62,062	51,002	31,959	69,758	1,09,026	90,407	1,13,649
Sales YoY Gr.	-	-31%	9%	12.1%	28.1%	-17.8%	-37.3%	118.3%	56.3%	-17.1%	-
Adj EPS ⓘ	-7.2	12	14.7	12.8	3.2	-12.9	-5.9	18	20.5	21.7	5.2
YoY Gr.	-	NA	22%	-12.5%	-75.4%	-507%	NA	NA	13.4%	5.8%	-
BVPS (₹) ⓘ	30.3	36.7	57.5	63	61.2	44.3	24.2	41.1	56.1	75.6	70.1
Adj Net Profit ⓘ	-1,257	2,108	2,571	2,251	553	-2,253	-1,036	3,162	3,586	3,795	908
Cash Flow from Ops. ⓘ	-576	1,376	-852	3,507	569	183	-2,818	4,496	6,364	7,045	-
Debt/CF from Ops. ⓘ	-15.7	5.9	-10	2.3	16	64.9	-8.5	4.7	2.6	1.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	5.2%	7.8%	41.4%	-17.1%
Adj EPS ⓘ	NA	46.9%	NA	5.8%
BVPSⓘ	10.7%	4.3%	46.2%	34.8%
Share Price	9.5%	22.8%	43.6%	34.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-20.3	35.9	31.2	21.3	5.1	-24.4	-17.3	55.3	42.1	32.9	7.1
Op. Profit Mgn % ⓘ	-2.5	7.5	11.1	8.9	3.2	-3.6	1.9	7.5	7.2	8.8	3.2
Net Profit Mgn % ⓘ	-2.2	5.3	6	4.7	0.9	-4.4	-3.2	4.5	3.3	4.2	0.8
Debt to Equity ⓘ	1.7	1.3	0.9	0.7	0.9	1.5	5.6	2.9	1.7	0.9	0.7
Working Cap Days ⓘ	63	63	71	80	76	72	74	64	48	56	19
Cash Conv. Cycle ⓘ	-71	-159	-91	-3	11	12	11	15	10	12	-1

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 41.43%

Debt to equity has declined versus last 3 years average to 0.94

Return on Equity has declined versus last 3 years average to 7.10%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 6.72%

Latest Financials - Mangalore Refinery And Petrochemicals Ltd.

	Standalone	Consolidated
TTM EPS (₹)	5.2	5.2
TTM Sales (₹ Cr.)	1,13,649	1,13,649
BVPS (₹.) ⓘ	70.1	70.2
Reserves (₹ Cr.) ⓘ	10,530	10,554
P/BV ⓘ	2.10	2.10
PE ⓘ	28.48	28.49

From the Market
52 Week Low / High (₹)	103.65 / 289.25
All Time Low / High (₹)	4.70 / 289.25
Market Cap (₹ Cr.)	25,833
Equity (₹ Cr.)	1,752.6
Face Value (₹)	10
Industry PE ⓘ	30.9

Management X-Ray of MRPL:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of MRPL

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of MRPL

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	57,463	39,647	43,208	48,451	62,062	51,002	31,959	69,758	1,09,026	90,407
Operating Expenses ⓘ	59,552	37,859	38,499	44,177	60,391	53,532	31,376	64,822	1,02,517	82,706
Manufacturing Costs	345	564	485	690	785	891	892	1,222	1,199	1,396
Material Costs	57,939	35,394	37,133	42,596	58,524	51,074	29,338	62,179	98,669	79,720
Employee Cost	241	286	352	417	429	440	578	698	698	772
Other Costs ⓘ	1,027	1,616	529	474	653	1,127	568	723	1,951	818
Operating Profit ⓘ	-2,089	1,788	4,709	4,273	1,672	-2,530	583	4,935	6,509	7,701
Operating Profit Margin (%)	-3.6%	4.5%	10.9%	8.8%	2.7%	-5.0%	1.8%	7.1%	6.0%	8.5%
Other Income ⓘ	806	857	423	217	155	105	501	103	212	205
Interest ⓘ	407	594	520	443	475	749	841	1,212	1,298	1,119
Depreciation ⓘ	499	710	678	671	757	783	1,158	1,088	1,187	1,257
Exceptional Items ⓘ	33	-183	1,597	-26	-15	0	0	-30	3	-8
Profit Before Tax ⓘ	-2,156	1,158	5,531	3,351	581	-3,957	-915	2,708	4,239	5,521
Tax ⓘ	-444	11	1,888	1,127	249	-1,217	-154	-247	1,600	1,925
Profit After Tax	-1,712	1,147	3,644	2,224	332	-2,740	-761	2,955	2,638	3,596
PAT Margin (%)	-3.0%	2.9%	8.4%	4.6%	0.5%	-5.4%	-2.4%	4.2%	2.4%	4.0%
Adjusted EPS (₹)	-9.8	6.5	20.8	12.7	1.9	-15.6	-4.3	16.9	15.1	20.5
Dividend Payout Ratio (%)	0%	0%	29%	24%	53%	0%	0%	0%	0%	15%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	5,305	6,431	10,070	11,033	10,727	7,767	4,238	7,196	9,835	13,251
Share Capital ⓘ	1,753	1,753	1,753	1,753	1,753	1,753	1,753	1,753	1,753	1,753
Reserves ⓘ	3,552	4,679	8,318	9,280	8,974	6,014	2,485	5,444	8,082	11,499
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	7,876	6,809	6,633	4,577	8,078	10,388	23,833	21,085	16,707	12,452
Long Term Debt	7,865	6,806	4,816	1,499	3,221	7,952	15,699	14,216	12,418	8,912
Short Term Debt	11	3	1,817	3,078	4,857	2,436	8,134	6,870	4,289	3,540
Trade Payables	18,331	21,339	6,034	4,710	4,675	3,271	4,003	9,382	6,169	7,204
Others Liabilities ⓘ	2,824	5,789	8,139	11,085	9,040	5,005	2,214	1,737	3,363	5,308
Total Liabilities ⓘ	34,336	40,368	30,876	31,406	32,519	26,430	34,289	39,401	36,073	38,215
Fixed Assets
Gross Block	20,942	15,592	15,549	16,075	16,753	17,741	25,674	28,535	28,699	29,716
Accumulated Depreciation	6,832	711	1,388	2,045	2,765	3,510	6,086	7,159	8,311	9,314
Net Fixed Assetsⓘ	14,109	14,881	14,161	14,031	13,988	14,231	19,589	21,376	20,388	20,402
CWIP ⓘ	1,378	188	220	668	982	1,730	2,343	170	475	744
Investmentsⓘ	1,350	1,350	1,350	1,350	1,503	2,178	15	15	16	17
Inventories	3,400	3,197	4,039	4,735	5,811	3,890	7,103	10,487	6,777	8,306
Trade Receivables	2,359	2,395	2,621	2,661	2,322	1,042	2,451	4,328	4,469	3,860
Cash Equivalents	10,269	13,713	2,131	833	488	28	52	44	39	39
Others Assetsⓘ	1,472	4,644	6,355	7,129	7,425	3,330	2,736	2,981	3,910	4,847
Total Assets ⓘ	34,336	40,368	30,876	31,406	32,519	26,430	34,289	39,401	36,073	38,215

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-576	1,376	-852	3,507	569	183	-2,818	4,496	6,364	7,045
PBT ⓘ	-2,156	1,158	5,531	3,351	581	-3,957	-915	2,708	4,239	5,521
Adjustment ⓘ	626	1,307	657	1,059	1,175	2,021	1,512	2,241	2,581	2,361
Changes in Working Capital ⓘ	1044	-918	-5922	-185	-1135	2206	-3426	-190	310	113
Tax Paid ⓘ	-89	-172	-1,118	-718	-52	-86	11	-263	-766	-950
Cash Flow From Investing Activity ⓘ	-1,408	359	-337	-966	-952	-1,563	-2,101	-595	-673	-1,518
Capex	-891	-392	-862	-1,054	-910	-1,353	-898	-611	-703	-1,542
Net Investments	-1,275	0	0	0	0	0	0	0	0	0
Others ⓘ	758	751	525	88	-43	-211	-1,204	16	30	24
Cash Flow From Financing Activityⓘ	-1,503	-1,748	67	-2,334	-55	1,379	4,944	-3,922	-5,690	-5,524
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-939	-1,162	-1,286	-1,848	-627	4,767	2,134	-527	-1,789	-4,949
Interest Paid ⓘ	-575	-577	-496	-438	-502	-706	-682	-786	-1,139	-1,043
Dividend Paid ⓘ	0	0	0	-1,052	-634	-211	0	0	0	-175
Others ⓘ	11	-8	1,849	1,004	1,708	-2,470	3,492	-2,609	-2,762	643
Net Cash Flow ⓘ	-3,487	-13	-1,121	207	-438	-1	24	-20	1	3

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	-27.68	19.55	44.16	21.08	3.05	-29.64	-12.68	51.69	30.98	31.15
ROCE (%)	-11.21	12.15	36.54	20.18	5.43	-16.24	-0.31	13.91	20.2	25.42
Asset Turnover Ratio	1.69	1.36	1.67	2.03	2.26	2.06	1.67	2.34	3.31	2.83
PAT to CFO Conversion(x)	N/A	1.2	-0.23	1.58	1.71	N/A	N/A	1.52	2.41	1.96
Working Capital Days
Receivable Days	20	17	15	15	13	10	13	14	13	14
Inventory Days	35	24	22	25	27	29	40	37	25	26
Payable Days	124	205	135	46	29	28	45	39	29	31

Mangalore Refinery And Petrochemicals Ltd Stock News

Mangalore Refinery And Petrochemicals Ltd FAQs

What is the share price of MRPL?

Company share prices are keep on changing according to the market conditions. The closing price of MRPL on 04-Nov-2024 15:31 is ₹147.2.

What is the market cap of MRPL?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Nov-2024 15:31 the market cap of MRPL stood at ₹25,833.3.

What is the P/E ratio of MRPL?

The latest P/E ratio of MRPL as of 04-Nov-2024 15:31 is 28.48.

What is the P/B ratio of MRPL?

The latest P/B ratio of MRPL as of 04-Nov-2024 15:31 is 2.10.

What is the 52-week high and low of MRPL?

The 52-week high of MRPL is ₹289.2 and the 52-week low is ₹103.7.

What is the TTM revenue of MRPL?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of MRPL is ₹1,13,649 ( Cr.) .

About Mangalore Refinery And Petrochemicals Ltd

Mangalore Refinery and Petrochemicals Limited (MRPL) is Category 1 Miniratna Central Public Sector Enterprise (CPSE) under the Ministry of Petroleum & Natural Gas. MRPL is located in a beautiful hilly terrain, north of Mangaluru city, in Dakshina Kannada District of Karnataka State (India). Refinery has got a versatile design with complex secondary processing units and a high flexibility to process Crudes of various API, delivering a variety of quality products.

MRPL, with its parent company Oil and Natural Gas Corporation Limited (ONGC), owns and operates ONGC Mangalore Petrochemicals Limited (OMPL), OMPL, situated in the adjacent Mangalore Special Economic Zone ( MSEZ), is integrated with the refinery operations. Para Xylene and Benzene products from OMPL are sold in the export market.

Shell MRPL Aviation Fuels and Services Limited (SMA) is a 50:50 joint venture between MRPL and Shell Gas B.V. (Shell), a step down subsidiary of Royal Dutch Shell Plc, Netherlands markets aviation turbine fuel (ATF) to airlines, both domestic as well as International carriers. SMA currently procures ATF from MRPL Refinery Complex and supplies at various airports like Bengaluru, Goa, Mangalore, Hyderabad, Chennai, Calicut, Madurai, Trichy, Coimbatore, Kannur etc. SMA enable Indian carriers fuelling requirement across International Airports.

Business area of the company

The Company is engaged in the business of refining of crude oil. The Company is a subsidiary of Oil and Natural Gas Corporation Limited which holds 71.63% equity shares.

Products and services:

Retail Sales
Retail Sale Price
Consumer Sale
Petrochemicals Sale

Awards and Recognition

FY 2011-12

State Gold award for excellence in exports (Non-SSI) for 2000-2001
Conferred Star Trading House status on September 21, 2001.
‘Certificate of Merit’ for Energy conservation performance in 2001, by Ministry of Power
State Gold award for excellence in exports (Non -SSI) for 2001-2002
IS0 14001:2004 certification by TUV Rheinland.
Export award from Kanara Chamber of Commerce for 2002-2003.
ISO:9002 certification on December 1999 and was re-certified ISO 9001:2008.
Oil Conservation Award from Ministry of Petroleum and Natural Gas on January 31, 2003.

FY2012-13

MRPL has been upgraded from Schedule ‘B’ to Schedule ‘A’ company.
MRPL has bagged the coveted Petrofed Award, 2012 “Refinery of the Year” for the commendable performance in production and operational efficiencies while meeting the norms of health, safety and environment protection.
MRPL has won “Export Excellence Award, 2013” in Best Manufacturer - Exporter - large category- Gold by Federation of Karnataka Chamber of Commerce and Industry.
MRPL was conferred “State Export Excellence Award” for 2010-11 & 2009-10 Medium/Large category - - Gold by Government of Karnataka.
MRPL has been rated “Excellent” in performance as per the MoU signed with ONGC for the year 2011-12 and 2012-13 (provisional).
Managing Director, MRPL has won the “CEO with HR Orientation Award” in the Global HR Excellence Awards presented by Institute of Public Enterprise, Hyderabad.
MRPL was conferred with “BT-Star PSU Excellence Award, 2013” in Human Resource Management category (Miniratna /others).
MRPL was awarded First Prize for outstanding performance in the area on Hindi Implementation for two consecutive years 2011-12 and 2012-13 by the Town Official Language Implementation Committee, Mangalore

FY2013-14

Won the coveted Petrofed Award “Refinery of the Year-2012” for its commendable performance in production and operational efficiencies while adhering to the norms of health, safety and environment protection.
Won the “Refinery of the Year” from Petrofed for the year 2011-12 for leading performance in production and operational efficiencies while meeting the norms of Health, Safety and Environment protection.
Won the “Export Excellence Award, 2013” in Best Manufacturer / Exporter (large category) - Gold from the Federation of Karnataka Chamber of Commerce and Industry (FKCCI).
Secured the first prize for outstanding performance in the area of Hindi Implementation for the year 2012-13 by Town Official Language Committee(TOLIC), Mangalore.
Secured the first prize in the Jawaharlal Nehru Centenary Awards for energy performance for the year 2011-12 & 2012-13 under the Refineries category having complexity of 6.0.
Secured the first prize in the OGCF-2012 awards for Furnace/Boiler efficiency having heat duty more than 1000MM Kcal/hr.
Won the “State Export Excellence Award” for 2012-13 & 2011-12 Medium/ Large category - Gold & Platinum respectively by Government of Karnataka.
Won the award for “Best Fuel efficient Boiler operation” by the Department of Factories and Boilers on the occasion of 43rd National Safety Day celebration.

FY2014-15

Won the “Export Excellence Award, 2014” in Best Exporter Award (Medium/large category) from the Federation of Karnataka Chamber of Commerce and Industry (FKCCI) for FY 2013-14
Won the Silver at “Niryat Shree Award -2014” in the residual sector of the MSME at FIEO (Federation of Indian Export Organisation).
MRPL has conferred the prestigious “Skoch Foundation Order - of-Merit Award” for the best project in the country.
Shri Vishnu Agrawal, Director Finance of MRPL was adjudged winner of the ‘BT-STAR Excellence Award in the category PSU- small,- DIRECTOR-FINANCE OF THE YEAR’ post a rigorous evaluation process by the Jury of the BT-Star Excellence Awards 2015.
MRPL won the first prize for outstanding performance in the area of Hindi Implementation for the year 2014-15 for fourth consecutive year by TOLIC, Mangalore.

FY2015-16

On 22nd January 2016 Shri H. Kumar, Managing Director MRPL was conferred with the “Shrada- Top Rankers award (ICONIC TURN AROUND)” at the 17th National Management Summit on “Global Corporate battle – Raising the Performance Bar', at New Delhi.

FY2018-19