Mangalore Refinery and Petrochemicals Limited (MRPL) is a major player in India’s oil and gas industry, known for its advanced refining capabilities and strategic importance in the country’s energy sector. Established in 1988, MRPL operates as a subsidiary of Oil and Natural Gas Corporation (ONGC) and is under the administrative control of the Ministry of Petroleum and Natural Gas. It has become a key contributor to India’s refining capacity, helping meet the nation’s growing demand for petroleum products.
The refinery is located in Katipalla, north of Mangalore, Karnataka, and has a design capacity to process 15 million metric tonnes per annum (MMTPA) of crude oil. MRPL produces a wide range of petroleum products, including diesel, petrol, bitumen, sulphur, and polypropylene, catering to both domestic and international markets. Its technologically advanced operations include two hydrocrackers, which produce premium-grade diesel, and two Continuous Catalytic Reformers (CCRs) that produce high-octane unleaded petrol. This versatile design allows MRPL to process a variety of crude oil grades with different API gravities.
In terms of financial performance, MRPL reported revenues of ₹86,161 crore (approximately $10 billion) in 2022, with a net income of ₹2,950 crore (approximately $350 million). The company has been recognized as a Miniratna by the Government of India, highlighting its importance in the energy landscape. MRPL continues to focus on innovation, expanding its refining capabilities, and contributing to the growth of India’s energy sector.
Recent News on Mangalore Refinery and Petrochemicals Ltd
Mangalore Refinery and Petrochemicals Limited (MRPL) has recently made significant contributions both in corporate social responsibility and its financial performance. The company donated ₹47 lakhs to the Akshaya Patra Foundation, supporting the Mid-Day Meal Program, which provides nutritious meals to schoolchildren, helping to improve their overall well-being and educational experience. On the financial side, MRPL’s stock rose to ₹194.68 on September 10, 2024, reflecting a 2.60% increase. With a return on equity (ROE) of 27.08% for the year ending March 31, 2024, MRPL demonstrates solid financial health and a positive trajectory in the oil and gas sector.
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 88.58% | 88.58% | 88.58% | 88.58% | 88.58% |
| FIIs + | 1.08% | 1.54% | 2.55% | 2.68% | 2.26% |
| DIIs + | 0.70% | 1.10% | 1.57% | 1.50% | 1.50% |
| Government + | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% |
| Public + | 9.62% | 8.76% | 7.30% | 7.23% | 7.64% |
| No. of Shareholders | 3,93,179 | 3,85,945 | 3,69,761 | 4,40,569 | 4,67,875 |
The shareholding pattern of Mangalore Refinery and Petrochemicals Limited (MRPL) has remained stable in terms of promoter ownership, which consistently stood at 88.58% from June 2023 to June 2024. Foreign Institutional Investors (FIIs) have shown increasing interest, with their shareholding rising from 1.08% in June 2023 to a peak of 2.68% in March 2024, before slightly declining to 2.26% in June 2024. Domestic Institutional Investors (DIIs) also increased their stake from 0.70% in June 2023 to 1.57% in December 2023, maintaining 1.50% in March and June 2024. Public shareholding, however, saw a decline, dropping from 9.62% in June 2023 to 7.23% in March 2024, before slightly recovering to 7.64% in June 2024. The total number of shareholders showed an upward trend, increasing from 3,93,179 in June 2023 to 4,67,875 in June 2024, indicating growing investor interest.
Below are the trading platforms that you can use to purchase Mangalore Refinery and Petrochemicals Limited shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| September 2024 | 197.05 | 171.35 |
| October 2024 | 195.10 | 169.65 |
| November 2024 | 202.91 | 176.44 |
| December 2024 | 204.94 | 178.21 |
In September 2024, Mangalore Refinery and Petrochemicals Limited is projected to reach a maximum price of ₹197.05, while the minimum is expected to be around ₹171.35. Moving ahead to October 2024, the maximum price is anticipated to touch ₹195.10, with a minimum of ₹169.65. In November 2024, the share price of Mangalore Refinery and Petrochemicals will likely rise further, reaching a maximum of ₹202.91, while the minimum could be ₹176.44. By December 2024, the maximum price is expected to peak at ₹204.94, with a minimum of ₹178.21, reflecting consistent upward momentum for the company.
| When | Maximum Price | Minimum Price |
| January 2025 | 206.99 | 159.22 |
| February 2025 | 209.08 | 160.83 |
| March 2025 | 213.47 | 164.21 |
| April 2025 | 211.35 | 162.58 |
| May 2025 | 205.20 | 157.84 |
| June 2025 | 214.43 | 164.95 |
| July 2025 | 210.23 | 161.71 |
| August 2025 | 216.73 | 166.71 |
| September 2025 | 219.33 | 168.71 |
| October 2025 | 225.03 | 173.10 |
| November 2025 | 230.66 | 177.43 |
| December 2025 | 241.04 | 185.41 |
As we step into 2025, Mangalore Refinery and Petrochemicals Limited is expected to see varying stock prices. January could reach a high of ₹206.99 and a low of ₹159.22, while by March, prices may rise to ₹213.47. Through mid-year, fluctuations are expected, with a peak of ₹214.43 in June and ₹210.23 in July. As we approach the later months, September could see a maximum of ₹219.33, while December is projected to reach a high of ₹241.04 and a low of ₹185.41.
| When | Maximum Price | Minimum Price |
| January 2026 | 248.27 | 190.98 |
| February 2026 | 242.06 | 186.20 |
| March 2026 | 246.90 | 189.93 |
| April 2026 | 251.94 | 193.80 |
| May 2026 | 249.45 | 191.88 |
| June 2026 | 255.68 | 196.68 |
| July 2026 | 250.67 | 192.82 |
| August 2026 | 258.42 | 198.79 |
| September 2026 | 263.59 | 202.76 |
| October 2026 | 270.44 | 208.03 |
| November 2026 | 277.21 | 213.24 |
| December 2026 | 284.14 | 218.57 |
| When | Maximum Price | Minimum Price |
| January 2027 | 286.98 | 220.75 |
| February 2027 | 294.34 | 226.41 |
| March 2027 | 305.81 | 235.24 |
| April 2027 | 299.82 | 230.63 |
| May 2027 | 291.09 | 223.91 |
| June 2027 | 304.18 | 233.99 |
| July 2027 | 298.22 | 229.40 |
| August 2027 | 307.44 | 236.50 |
| September 2027 | 318.20 | 244.77 |
| October 2027 | 326.48 | 251.14 |
| November 2027 | 334.64 | 257.41 |
| December 2027 | 343.01 | 263.85 |
| When | Maximum Price | Minimum Price |
| January 2028 | 349.87 | 269.13 |
| February 2028 | 358.84 | 276.03 |
| March 2028 | 372.83 | 286.79 |
| April 2028 | 365.52 | 281.17 |
| May 2028 | 354.87 | 272.98 |
| June 2028 | 370.84 | 285.26 |
| July 2028 | 363.57 | 279.67 |
| August 2028 | 374.82 | 288.32 |
| September 2028 | 387.94 | 298.41 |
| October 2028 | 398.02 | 306.17 |
| November 2028 | 407.97 | 313.82 |
| December 2028 | 418.17 | 321.67 |
| When | Maximum Price | Minimum Price |
| January 2029 | 426.53 | 328.10 |
| February 2029 | 437.47 | 336.52 |
| March 2029 | 454.53 | 349.64 |
| April 2029 | 445.62 | 342.79 |
| May 2029 | 432.64 | 332.80 |
| June 2029 | 452.11 | 347.78 |
| July 2029 | 443.25 | 340.96 |
| August 2029 | 456.95 | 351.50 |
| September 2029 | 472.95 | 363.81 |
| October 2029 | 485.24 | 373.26 |
| November 2029 | 497.38 | 382.60 |
| December 2029 | 509.81 | 392.16 |
| When | Maximum Price | Minimum Price |
| January 2030 | 520.01 | 400.00 |
| February 2030 | 533.34 | 410.26 |
| March 2030 | 554.14 | 426.26 |
| April 2030 | 543.27 | 417.90 |
| May 2030 | 527.45 | 405.73 |
| June 2030 | 551.19 | 423.99 |
| July 2030 | 540.38 | 415.68 |
| August 2030 | 557.09 | 428.53 |
| September 2030 | 576.59 | 443.53 |
| October 2030 | 591.58 | 455.06 |
| November 2030 | 606.37 | 466.44 |
| December 2030 | 621.53 | 478.10 |
As we step into 2030, Mangalore Refinery and Petrochemicals Limited is projected to witness significant price movements. In January, the stock price may reach a maximum of ₹520.01 and a minimum of ₹400.00. By March, prices are expected to rise, with a potential high of ₹554.14 and a low of ₹426.26. As we approach mid-year, June might see a maximum of ₹551.19 and a low of ₹423.99. In the latter part of the year, September could experience a peak of ₹576.59, and by December, the stock is anticipated to reach a high of ₹621.53 with a minimum of ₹478.10.
Financial Condition of Mangalore Refinery and Petrochemicals: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 50,230 | 31,959 | 69,758 | 109,026 | 90,407 | 92,472 |
| Expenses + | 53,368 | 31,252 | 64,814 | 102,498 | 82,562 | 86,239 |
| Operating Profit | -3,137 | 708 | 4,944 | 6,528 | 7,845 | 6,233 |
| OPM % | -6% | 2% | 7% | 6% | 9% | 7% |
| Other Income + | 70 | 90 | 67 | 213 | 55 | 196 |
| Interest | 1,251 | 558 | 1,212 | 1,298 | 1,119 | 1,061 |
| Depreciation | 1,086 | 1,158 | 1,088 | 1,187 | 1,257 | 1,299 |
| Profit before tax | -5,404 | -919 | 2,711 | 4,256 | 5,523 | 4,070 |
| Tax % | -25% | -17% | -9% | 38% | 35% | |
| Net Profit + | -4,043 | -765 | 2,958 | 2,655 | 3,597 | 2,655 |
| EPS in Rs | -19.14 | -4.36 | 16.88 | 15.15 | 20.52 | 15.16 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 15% |
Mangalore Refinery and Petrochemicals Limited (MRPL) has demonstrated a recovery in its financial performance over the years, with notable improvements since the challenging period in March 2020. In that year, the company faced significant losses, with sales amounting to ₹50,230 crore, but expenses exceeding that at ₹53,368 crore, leading to an operating loss of ₹3,137 crore and an Operating Profit Margin (OPM) of -6%. However, MRPL’s performance improved from March 2021 onwards, with sales rebounding to ₹31,959 crore and operating profit turning positive at ₹708 crore, resulting in an OPM of 2%.
By March 2022, MRPL saw a significant leap in sales to ₹69,758 crore, with operating profit rising to ₹4,944 crore and OPM improving to 7%. This growth continued through March 2023, with sales peaking at ₹109,026 crore and operating profit reaching ₹6,528 crore. Despite a slight dip in sales to ₹90,407 crore by March 2024, operating profit further increased to ₹7,845 crore, reflecting an OPM of 9%.
Other income has fluctuated slightly, with ₹55 crore recorded in March 2024, down from ₹213 crore in March 2023. Interest expenses have remained relatively stable, with a slight decline to ₹1,119 crore in March 2024. Depreciation costs saw a gradual rise, reaching ₹1,257 crore in the same period.
MRPL’s net profit has followed a positive trend since recovering from a loss of ₹4,043 crore in March 2020. By March 2024, the company posted a net profit of ₹3,597 crore, and earnings per share (EPS) increased to ₹20.52 from a low of -₹19.14 in March 2020. For the first time in recent years, MRPL declared a dividend payout of 15% in 2024.
FAQs
What Is the Market Value of Mangalore Refinery and Petrochemicals?
The market capitalization (Market Cap) of Mangalore Refinery and Petrochemicals as of 16th September 2024 is ₹33,115 Crores.
As of 16th September 2024, the current share price of Mangalore Refinery and Petrochemicals is ₹192.
What Is the Stock PE Ratio of Mangalore Refinery and Petrochemicals?
The stock P/E ratio for Mangalore Refinery and Petrochemicals is 12.5.
The Share Price target of Mangalore Refinery and Petrochemicals is expected to reach ₹621.53 by the end of 2030.
Also, check other Gas Companies Share Price Targets:
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Conclusion
In conclusion, Mangalore Refinery and Petrochemicals Limited (MRPL) has shown substantial financial recovery and growth over recent years. After facing significant losses in March 2020, with sales of ₹50,230 crore and an operating loss of ₹3,137 crore, MRPL has made a remarkable turnaround. By March 2024, the company achieved sales of ₹90,407 crore, with an operating profit of ₹7,845 crore and an improved operating profit margin of 9%.
The net profit has risen to ₹3,597 crore, with earnings per share increasing to ₹20.52 from a loss of ₹19.14 in March 2020. The company declared a 15% dividend payout in 2024, reflecting its robust financial health. As of September 2024, MRPL’s stock price stands at ₹192, with a market capitalization of ₹33,115 crore and a P/E ratio of 12.5. Looking ahead, the share price is projected to reach ₹621.53 by the end of 2030. These figures underscore MRPL’s solid financial performance and its potential for continued growth and value creation in the energy sector.
What did we learn?
- 1 Recent News on Mangalore Refinery and Petrochemicals Ltd
- 2 Shareholding Patterns of Mangalore Refinery and Petrochemicals Limited
- 3 How to purchase Mangalore Refinery and Petrochemicals Limited shares?
- 4 Mangalore Refinery and Petrochemicals Limited Share Price Prediction 2024 – 2030
- 4.1 Mangalore Refinery and Petrochemicals Limited Share Price Target 2024
- 4.2 Mangalore Refinery and Petrochemicals Limited Share Price Target 2025
- 4.3 Mangalore Refinery and Petrochemicals Limited Share Price Target 2026
- 4.4 Mangalore Refinery and Petrochemicals Limited Share Price Target 2027
- 4.5 Mangalore Refinery and Petrochemicals Limited Share Price Prediction 2028
- 4.6 Mangalore Refinery and Petrochemicals Limited Share Price Target 2029
- 4.7 Mangalore Refinery and Petrochemicals Limited Share Price Prediction 2030
- 5 Financial Condition of Mangalore Refinery and Petrochemicals: Last 5 years
- 6 FAQs
- 6.1 What Is the Market Value of Mangalore Refinery and Petrochemicals?
- 6.2 What Is the Current Share Price of Mangalore Refinery and Petrochemicals?
- 6.3 What Is the Stock PE Ratio of Mangalore Refinery and Petrochemicals?
- 6.4 What is the Share Price target of Mangalore Refinery and Petrochemicals for 2030
- 7 Conclusion
