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Last Updated: April 2, 2026, 3:18 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500109 | NSE: MRPL

Mangalore Refinery & Petrochemicals Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹3.67Overvalued by 98.01%vs CMP ₹184.00

P/E (14.8) × ROE (0.4%) × BV (₹75.80) × DY (2.17%)

₹91.40Overvalued by 50.33%vs CMP ₹184.00
MoS: -101.3% (Negative)Confidence: 54/100 (Moderate)Models: 1 Under, 1 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹3.4525%Over (-98.1%)
Graham NumberEarnings₹145.4818%Over (-20.9%)
Earnings PowerEarnings₹50.7312%Over (-72.4%)
DCFCash Flow₹60.5815%Over (-67.1%)
Net Asset ValueAssets₹75.788%Over (-58.8%)
EV/EBITDAEnterprise₹188.2210%Fair (+2.3%)
Earnings YieldEarnings₹124.108%Over (-32.6%)
Revenue MultipleRevenue₹269.926%Under (+46.7%)
Consensus (8 models)₹91.40100%Overvalued
Key Drivers: ROE 0.4% is below cost of equity. | Wide model spread (₹3–₹270) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -5.9%

*Investments are subject to market risks

Investment Snapshot

49
Mangalore Refinery & Petrochemicals Ltd scores 49/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health35/100 · Weak
ROCE 4.4% WeakROE 0.4% WeakD/E 5.36 High debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.74% (6mo) Slight increasePromoter holding at 88.6% Stable
Earnings Quality60/100 · Moderate
OPM stable around 6% SteadyWorking capital: -1 days (improving) Efficient
Quarterly Momentum65/100 · Strong
Revenue (4Q): -6% YoY DecliningProfit (4Q): +164% YoY StrongOPM: 11.0% (up 6.0% YoY) Margin expansion
Industry Rank30/100 · Weak
P/E 14.8 vs industry 10.2 In-lineROCE 4.4% vs industry 8.7% Below peersROE 0.4% vs industry 8.1% Below peers3Y sales CAGR: 11% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:18 am

Market Cap 32,272 Cr.
Current Price 184
Intrinsic Value₹91.40
High / Low 215/114
Stock P/E14.8
Book Value 75.8
Dividend Yield2.17 %
ROCE4.36 %
ROE0.40 %
Face Value 10.0
PEG Ratio-2.49

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

View Share Price Target for Mangalore Refinery & Petrochemicals Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Mangalore Refinery & Petrochemicals Ltd 32,272 Cr. 184 215/11414.8 75.82.17 %4.36 %0.40 % 10.0
Chennai Petroleum Corporation Ltd 15,157 Cr. 1,018 1,103/5167.18 5740.79 %4.04 %2.10 % 10.0
Hindustan Petroleum Corporation Ltd 71,399 Cr. 336 508/3164.64 2673.13 %10.5 %13.8 % 10.0
Bharat Petroleum Corporation Ltd 1,22,020 Cr. 281 392/2624.88 2176.22 %16.2 %17.3 % 10.0
Indian Oil Corporation Ltd 1,91,653 Cr. 136 189/1205.36 1405.16 %7.36 %6.51 % 10.0
Industry Average380,894.50 Cr554.0010.16320.302.98%8.69%8.09%10.00

All Competitor Stocks of Mangalore Refinery & Petrochemicals Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 26,55725,36521,17319,35324,66725,32923,24724,96821,87124,59617,35622,64924,712
Expenses 26,27021,87519,10517,21523,50822,99022,64125,44220,84023,46617,17721,16021,927
Operating Profit 2873,4902,0682,1381,1592,339606-4741,0311,1301801,4892,785
OPM % 1%14%10%11%5%9%3%-2%5%5%1%7%11%
Other Income 60865274402245603338387639
Interest 338330267311274262214285264245257219219
Depreciation 298296294296334333335342332338363371391
Profit before tax -2882,9501,5591,6065911,766101-1,041469584-4039752,214
Tax % -35%35%35%34%35%36%35%-34%35%38%-32%34%35%
Net Profit -1881,9081,0131,0593871,13766-682304363-2726391,445
EPS in Rs -1.0710.895.786.042.216.490.37-3.891.742.07-1.553.648.25

Last Updated: February 5, 2026, 2:04 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 11:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 71,81557,46339,64743,20848,45162,06251,00231,95969,758109,02690,40794,68289,312
Expenses 70,80859,55137,85938,49344,13960,38253,52431,25164,814102,49882,55092,37583,730
Operating Profit 1,007-2,0881,7894,7144,3111,681-2,5227084,9446,5287,8572,3065,583
OPM % 1%-4%5%11%9%3%-5%2%7%6%9%2%6%
Other Income 4308386742,01515413197936419641170191
Interest 3214075945204434757495581,2121,2981,1191,016941
Depreciation 7064997106786717577831,1581,0881,1871,2571,3471,463
Profit before tax 410-2,1561,1585,5313,351581-3,958-9152,7084,2395,5211133,370
Tax % -47%-21%1%34%34%43%-31%-17%-9%38%35%55%
Net Profit 601-1,7121,1473,6442,224332-2,740-7612,9552,6383,596512,175
EPS in Rs 3.43-9.776.5420.7912.691.89-15.64-4.3416.8615.0520.520.2912.41
Dividend Payout % 0%0%0%29%24%53%0%0%0%0%15%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-384.86%167.00%217.70%-38.97%-85.07%-925.30%72.23%488.30%-10.73%36.32%-98.58%
Change in YoY Net Profit Growth (%)0.00%551.86%50.70%-256.67%-46.10%-840.23%997.53%416.08%-499.03%47.04%-134.90%

Mangalore Refinery & Petrochemicals Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: December 4, 2025, 1:37 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 1,7531,7531,7531,7531,7531,7531,7531,7531,7531,7531,7531,7531,753
Reserves 5,3163,5524,6798,3189,2808,9746,0142,4855,4448,08211,49911,18111,539
Borrowings 9,7939,0328,0758,5417,9509,13111,89624,06221,31016,93912,68713,14310,824
Other Liabilities 22,66520,00722,7877,8027,2387,3336,1456,42511,5618,4109,4678,32911,419
Total Liabilities 39,52734,34537,29326,41426,22127,19125,80834,72540,06835,18435,40634,40635,535
Fixed Assets 5,99114,10914,88114,16114,03813,99614,23919,59621,38420,39620,41020,09520,190
CWIP 8,5521,3781882206689821,7302,343170475744729634
Investments 151,3501,3501,3501,3501,5032,178161616171920
Other Assets 24,96917,50820,87410,68410,16610,7107,66112,77018,49914,29714,23413,56214,691
Total Assets 39,52734,34537,29326,41426,22127,19125,80834,72540,06835,18435,40634,40635,535

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 8,602-5761,376-8523,507569183-2,8184,4966,3647,0511,878
Cash from Investing Activity + -921-1,408359-337-966-952-1,563-2,101-595-673-1,524-940
Cash from Financing Activity + 1,387-1,503-1,74867-2,334-551,3794,944-3,922-5,690-5,524-938
Net Cash Flow 9,068-3,487-13-1,121207-438-124-20130
Free Cash Flow 7,392-1,467983-1,7132,453-340-1,169-3,7163,8855,6625,509918
CFO/OP 868%23%87%6%98%37%-11%-400%96%109%102%85%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-8.00-11.00-7.00-4.00-3.00-8.00-13.00684.00-17.00-10.00-5.00-11.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 23152222201472823151614
Inventory Days 442233404136289062253832
Days Payable 109116221594029235055233324
Cash Conversion Cycle -43-79-16632021126729172121
Working Capital Days -47-92-164-31-36-18-21-44-13-11-1
ROCE %4%-11%13%27%20%6%-16%-1%14%20%26%4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 88.58%88.58%88.58%88.58%88.58%88.58%88.58%88.58%88.58%88.58%88.58%88.58%
FIIs 1.07%1.08%1.54%2.55%2.68%2.26%1.69%1.36%1.31%1.30%1.22%2.05%
DIIs 0.28%0.70%1.10%1.57%1.50%1.50%1.48%1.66%1.32%1.38%1.45%1.05%
Government 0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 10.06%9.62%8.76%7.30%7.23%7.64%8.23%8.38%8.80%8.75%8.76%8.32%
No. of Shareholders 4,02,0513,93,1793,85,9453,69,7614,40,5694,67,8755,14,2675,14,7305,35,2365,21,0035,11,4284,74,143

Shareholding Pattern Chart

No. of Shareholders

Mangalore Refinery & Petrochemicals Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Dividend Yield Equity Fund 1,005,443 0.28 17.75N/AN/AN/A
ICICI Prudential PSU Equity Fund 373,889 0.34 6.6973,8892026-02-23 01:03:34-61.61%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 0.3220.5215.1516.88-3.24
Diluted EPS (Rs.) 0.3220.5215.1516.88-3.24
Cash EPS (Rs.) 7.8427.6121.7023.042.24
Book Value[Excl.RevalReserv]/Share (Rs.) 74.0075.7856.2841.1324.24
Book Value[Incl.RevalReserv]/Share (Rs.) 74.0075.7856.2841.1324.24
Revenue From Operations / Share (Rs.) 540.22515.82621.09397.83182.91
PBDIT / Share (Rs.) 13.9645.0038.1528.694.53
PBIT / Share (Rs.) 6.2737.8331.3822.49-2.08
PBT / Share (Rs.) 0.5131.4324.0615.43-5.24
Net Profit / Share (Rs.) 0.1620.4414.9316.84-4.36
NP After MI And SOA / Share (Rs.) 0.3220.5215.1516.88-3.24
PBDIT Margin (%) 2.588.726.147.212.47
PBIT Margin (%) 1.167.335.055.65-1.13
PBT Margin (%) 0.096.093.873.87-2.86
Net Profit Margin (%) 0.023.962.404.23-2.38
NP After MI And SOA Margin (%) 0.053.972.434.24-1.77
Return on Networth / Equity (%) 0.4327.0826.9141.03-13.35
Return on Capital Employeed (%) 4.9528.7423.8117.82-1.76
Return On Assets (%) 0.1610.157.557.38-1.63
Long Term Debt / Equity (X) 0.630.671.261.973.70
Total Debt / Equity (X) 0.990.931.692.925.36
Asset Turnover Ratio (%) 2.712.562.891.861.05
Current Ratio (X) 0.971.030.980.850.72
Quick Ratio (X) 0.340.350.420.270.22
Inventory Turnover Ratio (X) 11.8210.7111.287.235.42
Dividend Payout Ratio (NP) (%) 623.644.870.000.000.00
Dividend Payout Ratio (CP) (%) 24.973.610.000.000.00
Earning Retention Ratio (%) -523.6495.130.000.000.00
Cash Earning Retention Ratio (%) 75.0396.390.000.000.00
Interest Coverage Ratio (X) 2.437.085.204.171.43
Interest Coverage Ratio (Post Tax) (X) 1.034.223.033.47-0.37
Enterprise Value (Cr.) 36452.3750743.9025883.9628314.8829500.39
EV / Net Operating Revenue (X) 0.380.560.230.400.92
EV / EBITDA (X) 14.906.433.875.6337.17
MarketCap / Net Operating Revenue (X) 0.240.420.080.100.21
Retention Ratios (%) -523.6495.120.000.000.00
Price / BV (X) 1.822.890.931.011.60
Price / Net Operating Revenue (X) 0.240.420.080.100.21
EarningsYield 0.000.090.280.40-0.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 94681.62 Cr. and Equity Capital is Rs. 1752.66 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
RefineriesMudapadav, Mangaluru Karnataka 575030Contact not found
Management
NamePosition Held
Mr. Arun Kumar SinghChairman
Mr. M Shyamprasad KamathManaging Director & CEO
Mr. Devendra KumarDirector - Finance & CFO
Mr. Nandakumar Velayudhan PillaiDirector
Mr. S BharathanNominee Director
Mr. Pankaj KumarNominee Director
Mr. Dheeraj Kumar OjhaGovernment Nominee Director
Mr. Rajinder KumarGovernment Nominee Director

FAQ

What is the intrinsic value of Mangalore Refinery & Petrochemicals Ltd and is it undervalued?

As of 13 April 2026, Mangalore Refinery & Petrochemicals Ltd's intrinsic value is ₹91.40, which is 50.33% lower than the current market price of ₹184.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (0.40 %), book value (₹75.8), dividend yield (2.17 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Mangalore Refinery & Petrochemicals Ltd?

Mangalore Refinery & Petrochemicals Ltd is trading at ₹184.00 as of 13 April 2026, with a FY2026-2027 high of ₹215 and low of ₹114. The stock is currently in the middle of its 52-week range. Market cap stands at ₹32,272 Cr..

How does Mangalore Refinery & Petrochemicals Ltd's P/E ratio compare to its industry?

Mangalore Refinery & Petrochemicals Ltd has a P/E ratio of 14.8, which is above the industry average of 10.16. The premium over industry average may reflect growth expectations or speculative interest.

Is Mangalore Refinery & Petrochemicals Ltd financially healthy?

Key indicators for Mangalore Refinery & Petrochemicals Ltd: ROCE of 4.36 % is on the lower side compared to the industry average of 8.69%; ROE of 0.40 % is below ideal levels (industry average: 8.09%). Dividend yield is 2.17 %.

Is Mangalore Refinery & Petrochemicals Ltd profitable and how is the profit trend?

Mangalore Refinery & Petrochemicals Ltd reported a net profit of ₹51 Cr in Mar 2025 on revenue of ₹94,682 Cr. Compared to ₹2,955 Cr in Mar 2022, the net profit shows a declining trend.

Does Mangalore Refinery & Petrochemicals Ltd pay dividends?

Mangalore Refinery & Petrochemicals Ltd has a dividend yield of 2.17 % at the current price of ₹184.00. This is a relatively attractive yield for income-seeking investors.

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
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