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Last Updated on: 23 February, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 500109 | NSE: MRPL

Mangalore Refinery & Petrochemicals Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: February 22, 2025, 2:42 am

Market Cap 20,265 Cr.
Current Price 116
High / Low 260/108
Stock P/E24.4
Book Value 70.1
Dividend Yield2.59 %
ROCE25.8 %
ROE32.0 %
Face Value 10.0
PEG Ratio0.23

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Mangalore Refinery & Petrochemicals Ltd

Competitors of Mangalore Refinery & Petrochemicals Ltd

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Reliance Industries Ltd – Share Price and Detail Financial Report 16,61,978 Cr. 1,228 1,609/1,19324.0 6060.41 %9.61 %9.25 % 10.0
Mangalore Refinery & Petrochemicals Ltd 20,265 Cr. 116 260/10824.4 70.12.59 %25.8 %32.0 % 10.0
Indian Oil Corporation Ltd 1,71,333 Cr. 121 186/11417.6 1289.89 %21.1 %25.7 % 10.0
Hindustan Petroleum Corporation Ltd 68,729 Cr. 323 457/29511.4 2166.50 %21.3 %40.4 % 10.0
Chennai Petroleum Corporation Ltd 7,522 Cr. 505 1,275/46822.4 50210.9 %35.4 %36.5 % 10.0
Industry Average339,809.00 Cr424.0017.93283.356.44%24.22%30.96%10.00

All Competitor Stocks of Mangalore Refinery & Petrochemicals Ltd

Quarterly Result

MetricMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales 13,58111,21913,24320,41924,81532,29024,60826,55725,36521,17319,23024,66725,329
Expenses 12,67510,93413,26418,70221,87427,57626,60326,27021,87519,10517,09123,50822,999
Operating Profit 905285-211,7172,9414,714-1,9952873,4902,0682,1381,1592,330
OPM % 7%3%-0%8%12%15%-8%1%14%10%11%5%9%
Other Income 26142343-43732608652744031
Interest 210310179236394302315338330267311274262
Depreciation 293289212290220296297298296294296334333
Profit before tax 428-299-3901,2352,3234,153-2,576-2882,9501,5591,6065911,766
Tax % 38%23%38%53%-30%35%31%35%35%35%34%35%36%
Net Profit 268-230-2435863,0082,708-1,789-1881,9081,0131,0593871,137
EPS in Rs 1.53-1.31-1.383.3517.1615.45-10.21-1.0710.895.786.042.216.49

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MetricMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales 65,69671,81557,46339,64743,20848,45162,06251,00231,95969,758108,85690,407
Expenses 65,39370,80859,55137,85938,49344,13960,38253,52431,25164,814102,32982,711
Operating Profit 3031,007-2,0881,7894,7144,3111,681-2,5227084,9446,5287,696
OPM % 0%1%-4%5%11%9%3%-5%2%7%6%9%
Other Income 1534308386742,015154131979364196197
Interest 3293214075945204434757495581,2121,2981,114
Depreciation 6047064997106786717577831,1581,0881,1871,257
Profit before tax -477410-2,1561,1585,5313,351581-3,958-9152,7084,2395,521
Tax % -59%-47%21%1%34%34%43%31%17%-9%38%35%
Net Profit -757601-1,7121,1473,6442,224332-2,740-7612,9552,6383,596
EPS in Rs -4.323.43-9.776.5420.7912.691.89-15.64-4.3416.8615.0520.52
Dividend Payout % 0%0%0%0%29%24%53%0%0%0%0%10%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)179.39%-384.86%167.00%217.70%-38.97%-85.07%-925.30%72.23%488.30%-10.73%36.32%
Change in YoY Net Profit Growth (%)0.00%-564.25%551.86%50.70%-256.67%-46.10%-840.23%997.53%416.08%-499.03%47.04%

Mangalore Refinery & Petrochemicals Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:2%
5 Years:8%
3 Years:41%
TTM:5%
Compounded Profit Growth
10 Years:22%
5 Years:61%
3 Years:90%
TTM:-81%
Stock Price CAGR
10 Years:6%
5 Years:24%
3 Years:46%
1 Year:-53%
Return on Equity
10 Years:13%
5 Years:14%
3 Years:36%
Last Year:32%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 8:33 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital 1,7531,7531,7531,7531,7531,7531,7531,7531,7531,7531,7531,7531,753
Reserves 4,7155,3163,5524,6798,3189,2808,9746,0142,4855,4448,08211,49910,530
Borrowings 7,5589,7939,0328,0758,5417,9509,13111,89624,06221,31016,93912,68713,533
Other Liabilities 12,67622,66520,00722,7877,8027,2387,3336,1456,42511,5618,4109,4678,772
Total Liabilities 26,70139,52734,34537,29326,41426,22127,19125,80834,72540,06835,18435,40634,588
Fixed Assets 5,7815,99114,10914,88114,16114,03813,99614,23919,59621,38420,39620,41020,251
CWIP 7,5548,5521,3781882206689821,7302,343170475744712
Investments 15151,3501,3501,3501,3501,5032,1781616161719
Other Assets 13,35124,96917,50820,87410,68410,16610,7107,66112,77018,49914,29714,23413,605
Total Assets 26,70139,52734,34537,29326,41426,22127,19125,80834,72540,06835,18435,40634,588

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +8828,602-5761,376-8523,507569183-2,8184,4966,3647,045
Cash from Investing Activity +-2,209-921-1,408359-337-966-952-1,563-2,101-595-673-1,518
Cash from Financing Activity +6981,387-1,503-1,74867-2,334-551,3794,944-3,922-5,690-5,524
Net Cash Flow-6299,068-3,487-13-1,121207-438-124-2013

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow296.00-8.00-11.00-7.00-4.00-3.00-8.00-13.00684.00-17.00-10.00-5.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days22231522222014728231516
Inventory Days384422334041362890622538
Days Payable621091162215940292350552333
Cash Conversion Cycle-2-43-79-166320211267291721
Working Capital Days-7-47-92-164-16-1310-349231416
ROCE %-1%4%-11%13%27%20%6%-16%-1%14%20%26%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Promoters88.58%88.58%88.58%88.58%88.58%88.58%88.58%88.58%88.58%88.58%88.58%88.58%
FIIs0.77%1.60%1.57%1.05%1.07%1.08%1.54%2.55%2.68%2.26%1.69%1.36%
DIIs2.06%1.55%0.34%0.28%0.28%0.70%1.10%1.57%1.50%1.50%1.48%1.66%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%
Public8.59%8.26%9.51%10.08%10.06%9.62%8.76%7.30%7.23%7.64%8.23%8.38%
No. of Shareholders3,57,0113,77,3113,99,8204,04,6324,02,0513,93,1793,85,9453,69,7614,40,5694,67,8755,14,2675,14,730

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Commodities Fund4,279,4793.6786.943,233,4202025-02-2132.35%
ICICI Prudential Multicap Fund3,233,4200.5565.693,233,4202025-02-210%
ICICI Prudential Manufacturing Fund2,850,1841.257.93,233,4202025-02-21-11.85%
ICICI Prudential Smallcap Fund2,534,3890.6651.493,233,4202025-02-21-21.62%
ICICI Prudential PSU Equity Fund2,115,0321.6642.973,233,4202025-02-21-34.59%
ICICI Prudential MidCap Fund1,693,1880.5734.43,233,4202025-02-21-47.63%
ICICI Prudential Retirement Fund - Pure Equity704,8901.814.323,233,4202025-02-21-78.2%
ICICI Prudential Child Care - Gift Fund482,0000.779.793,233,4202025-02-21-85.09%
ICICI Prudential Retirement Fund - Hybrid Aggressive337,8021.446.863,233,4202025-02-21-89.55%
ICICI Prudential Equity & Debt Fund183,0000.013.723,233,4202025-02-21-94.34%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 20.5215.1516.88-3.24-19.13
Diluted EPS (Rs.) 20.5215.1516.88-3.24-19.13
Cash EPS (Rs.) 27.6121.7023.042.24-16.86
Book Value[Excl.RevalReserv]/Share (Rs.) 75.7856.2841.1324.2440.42
Book Value[Incl.RevalReserv]/Share (Rs.) 75.7856.2841.1324.2440.42
Revenue From Operations / Share (Rs.) 515.82621.09397.83182.91286.59
PBDIT / Share (Rs.) 45.0038.1528.694.53-17.53
PBIT / Share (Rs.) 37.8331.3822.49-2.08-23.73
PBT / Share (Rs.) 31.4324.0615.43-5.24-30.81
Net Profit / Share (Rs.) 20.4414.9316.84-4.36-23.05
NP After MI And SOA / Share (Rs.) 20.5215.1516.88-3.24-19.13
PBDIT Margin (%) 8.726.147.212.47-6.11
PBIT Margin (%) 7.335.055.65-1.13-8.27
PBT Margin (%) 6.093.873.87-2.86-10.74
Net Profit Margin (%) 3.962.404.23-2.38-8.04
NP After MI And SOA Margin (%) 3.972.434.24-1.77-6.67
Return on Networth / Equity (%) 27.0826.9141.03-13.35-49.05
Return on Capital Employeed (%) 28.7423.8117.82-1.76-20.64
Return On Assets (%) 10.157.557.38-1.63-10.94
Long Term Debt / Equity (X) 0.671.261.973.701.81
Total Debt / Equity (X) 0.931.692.925.362.34
Asset Turnover Ratio (%) 2.562.891.861.051.75
Current Ratio (X) 1.030.980.850.720.56
Quick Ratio (X) 0.350.420.270.220.16
Inventory Turnover Ratio (X) 10.7111.287.235.429.14
Dividend Payout Ratio (NP) (%) 4.870.000.000.00-5.22
Dividend Payout Ratio (CP) (%) 3.610.000.000.00-7.73
Earning Retention Ratio (%) 95.130.000.000.00105.22
Cash Earning Retention Ratio (%) 96.390.000.000.00107.73
Interest Coverage Ratio (X) 7.085.204.171.43-2.48
Interest Coverage Ratio (Post Tax) (X) 4.223.033.47-0.37-2.26
Enterprise Value (Cr.) 50743.9025883.9628314.8829500.3920241.83
EV / Net Operating Revenue (X) 0.560.230.400.920.40
EV / EBITDA (X) 6.433.875.6337.17-6.59
MarketCap / Net Operating Revenue (X) 0.420.080.100.210.08
Retention Ratios (%) 95.120.000.000.00105.22
Price / BV (X) 2.890.931.011.600.59
Price / Net Operating Revenue (X) 0.420.080.100.210.08
EarningsYield 0.090.280.40-0.08-0.82

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Mangalore Refinery & Petrochemicals Ltd as of February 23, 2025 is: ₹449.21

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of February 23, 2025, Mangalore Refinery & Petrochemicals Ltd is Undervalued by 287.25% compared to the current share price ₹116.00

Intrinsic Value of Mangalore Refinery & Petrochemicals Ltd as of February 23, 2025 is: 925.69

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of February 23, 2025, Mangalore Refinery & Petrochemicals Ltd is Undervalued by 698.01% compared to the current share price ₹116.00

Last 5 Year EPS CAGR: 106.07%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -19.17, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -8.33, which is a positive sign.
  1. The stock has a low average ROCE of 8.42%, which may not be favorable.
  2. The company has higher borrowings (12,346.69) compared to reserves (6,837.54), which may suggest financial risk.
  3. The company has not shown consistent growth in sales (61.17) and profit (-32.17).

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Mangalore Refinery & Petrochemicals Ltd:
    1. Net Profit Margin: 3.96%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 28.74% (Industry Average ROCE: 24.22%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 27.08% (Industry Average ROE: 30.96%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 4.22
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.35
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 24.4 (Industry average Stock P/E: 17.93)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.93
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Mangalore Refinery And Petrochemicals Ltd. is a Public Limited Listed company incorporated on 07/03/1988 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(CIN) is L23209KA1988GOI008959 and registration number is 008959. Currently Company is involved in the business activities of Other specialized wholesale. Company's Total Operating Revenue is Rs. 90406.68 Cr. and Equity Capital is Rs. 1752.66 Cr. for the Year ended 31/03/2024.
INDUSTRYADDRESSCONTACT
RefineriesMudapadav, Mangaluru Karnataka 575030investor@mrpl.co.in
http://www.mrpl.co.in
Management
NamePosition Held
Mr. Arun Kumar SinghChairman
Mr. M Shyamprasad KamathManaging Director
Mr. Vivek Chandrakant TongaonkarDirector - Finance & CFO
Mr. Rajkumar SharmaIndependent Director
Mr. Manohar Singh VermaIndependent Director
Mr. Pankaj GuptaIndependent Director
Mr. Sanjay VarmaDirector
Mr. S BharathanNominee Director
Mr. Pankaj KumarNominee Director
Mr. Dheeraj Kumar OjhaGovernment Nominee Director
Mr. Rajinder KumarGovernment Nominee Director

FAQ

What is the latest intrinsic value of Mangalore Refinery & Petrochemicals Ltd?

Let's break down Mangalore Refinery & Petrochemicals Ltd's intrinsic value simply:

We calculate intrinsic value using the PE Ratio Method - comparing the company's current price-to-earnings ratio with its historical average and industry peers. Think of it like checking if a stock is "on sale" compared to its typical pricing.

As of 23 February 2025:

  • Calculated Fair Value: ₹449.21
  • Current Market Price: ₹116.00
  • Variance: 287.25% higher

This suggests Mangalore Refinery & Petrochemicals Ltd is currently undervalued by 287.25%. For context:

  • Market Cap: 20,265 Cr.
  • 52-Week Range: 260/108
  • Reserves (Sep 2024): ₹10,530 Cr
  • Liabilities: 34,588 Cr

Remember: The PE method gives a snapshot based on earnings multiples. While useful for quick comparisons, investors should also consider growth prospects, industry trends, and economic conditions. This calculation assumes historical PE ratios remain relevant - always verify with current market dynamics.

What is the Market Cap of Mangalore Refinery & Petrochemicals Ltd?

The Market Cap of Mangalore Refinery & Petrochemicals Ltd is 20,265 Cr..

What is the current Stock Price of Mangalore Refinery & Petrochemicals Ltd as on 23 February 2025?

The current stock price of Mangalore Refinery & Petrochemicals Ltd as on 23 February 2025 is ₹116.

What is the High / Low of Mangalore Refinery & Petrochemicals Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Mangalore Refinery & Petrochemicals Ltd stocks is 260/108.

What is the Stock P/E of Mangalore Refinery & Petrochemicals Ltd?

The Stock P/E of Mangalore Refinery & Petrochemicals Ltd is 24.4.

What is the Book Value of Mangalore Refinery & Petrochemicals Ltd?

The Book Value of Mangalore Refinery & Petrochemicals Ltd is 70.1.

What is the Dividend Yield of Mangalore Refinery & Petrochemicals Ltd?

The Dividend Yield of Mangalore Refinery & Petrochemicals Ltd is 2.59 %.

What is the ROCE of Mangalore Refinery & Petrochemicals Ltd?

The ROCE of Mangalore Refinery & Petrochemicals Ltd is 25.8 %.

What is the ROE of Mangalore Refinery & Petrochemicals Ltd?

The ROE of Mangalore Refinery & Petrochemicals Ltd is 32.0 %.

What is the Face Value of Mangalore Refinery & Petrochemicals Ltd?

The Face Value of Mangalore Refinery & Petrochemicals Ltd is 10.0.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Mangalore Refinery & Petrochemicals Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE