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Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Mangalore Refinery & Petrochemicals Ltd

About the Company - Mangalore Refinery & Petrochemicals Ltd

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 Manufacture of refined petroleum products. Company’s Total Operating Revenue is Rs. 69727.08 Cr. and Equity Capital is Rs. 1752.66 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
RefineriesMudapadav, Mangaluru Karnataka 575030investor@mrpl.co.in
http://www.mrpl.co.in
Management
NamePosition Held
Mr. Arun Kumar SinghChairman
Mr. Vivek Chandrakant TongaonkarDirector - Finance & CFO
Mr. Sanjay VarmaManaging Director & CEO
Mr. Rajkumar SharmaIndependent Director
Mrs. Nivedida SubramanianIndependent Director
Mr. Manohar Singh VermaIndependent Director
Mr. Pankaj GuptaIndependent Director
Mr. Asheesh JoshiGovernment Nominee Director
Mr. Dheeraj Kumar OjhaGovernment Nominee Director
Mr. S BharathanNominee Director
Mrs. Pomila JaspalNominee Director

Basic Stock Data of Mangalore Refinery & Petrochemicals Ltd

Last Updated: June 25, 2024, 10:31 pm

Market Cap 37,799 Cr.
Current Price 216
High / Low289/76.8
Stock P/E10.5
Book Value 75.6
Dividend Yield0.46 %
ROCE25.2 %
ROE31.2 %
Face Value 10.0
PEG Ratio0.10

Competitors of Mangalore Refinery & Petrochemicals Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Indian Oil Corporation Ltd 2,34,907 Cr. 166197/85.55.66 1307.18 %21.2 %25.8 % 10.0
Bharat Petroleum Corporation Ltd 1,35,936 Cr. 627688/3315.02 3491.68 %32.1 %41.9 % 10.0
Reliance Industries Ltd 19,67,667 Cr. 2,9083,030/2,22028.3 1,1730.31 %10.0 %9.23 % 10.0
Industry Average779,503.33 Cr1,233.6712.99550.673.06%21.10%25.64%10.00

Mangalore Refinery & Petrochemicals Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales7,95213,58111,21913,24320,41924,81532,29024,60826,55725,40121,17319,23024,677
Expenses7,80512,67510,93413,26418,70221,87427,57626,60326,27021,91119,10517,09123,517
Operating Profit147905285-211,7172,9414,714-1,9952873,4902,0682,1381,159
OPM %2%7%3%-0%8%12%15%-8%1%14%10%11%5%
Other Income3726142343-437326086527440
Interest69210310179236394302315338330267311274
Depreciation225293289212290220296297298296294296334
Profit before tax-111428-299-3901,2352,3234,153-2,576-2882,9501,5591,606591
Tax %32%38%23%38%53%-30%35%31%35%35%35%34%35%
Net Profit-76268-230-2435863,0082,708-1,789-1881,9081,0131,059387
EPS in Rs-0.431.53-1.31-1.383.3517.1615.45-10.21-1.0710.895.786.042.21

Last Updated: June 5, 2024, 11:00 am

Mangalore Refinery & Petrochemicals Ltd Quarterly Chart

Mangalore Refinery & Petrochemicals Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales53,77065,69671,81557,46339,64743,20848,45162,06251,00231,95969,758108,85692,361
Expenses52,15665,39370,80859,55137,85938,49344,13960,38253,52431,25164,814102,32984,377
Operating Profit1,6153031,007-2,0881,7894,7144,3111,681-2,5227084,9446,5287,984
OPM %3%0%1%-4%5%11%9%3%-5%2%7%6%9%
Other Income3461534308386742,015154131979364196272
Interest2073293214075945204434757495581,2121,2981,246
Depreciation4346047064997106786717577831,1581,0881,1871,184
Profit before tax1,320-477410-2,1561,1585,5313,351581-3,958-9152,7084,2395,826
Tax %31%-59%-47%21%1%34%34%43%31%17%-9%38%
Net Profit909-757601-1,7121,1473,6442,224332-2,740-7612,9552,6383,792
EPS in Rs5.18-4.323.43-9.776.5420.7912.691.89-15.64-4.3416.8615.0521.64
Dividend Payout %19%0%0%0%0%29%24%53%0%0%0%0%

Mangalore Refinery & Petrochemicals Ltd Profit & Loss Yearly Chart

Mangalore Refinery & Petrochemicals Ltd Growth

Compounded Sales Growth
10 Years:2%
5 Years:8%
3 Years:41%
TTM:-17%
Compounded Profit Growth
10 Years:22%
5 Years:60%
3 Years:89%
TTM:36%
Stock Price CAGR
10 Years:12%
5 Years:29%
3 Years:61%
1 Year:180%
Return on Equity
10 Years:13%
5 Years:14%
3 Years:36%
Last Year:31%

Last Updated: June 25, 2024, 5:01 pm

Mangalore Refinery & Petrochemicals Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1,7531,7531,7531,7531,7531,7531,7531,7531,7531,7531,7531,7531,753
Reserves5,4724,7155,3163,5524,6798,3189,2808,9746,0142,4855,4448,08210,154
Preference Capital500000000000
Borrowings6,1837,5589,7939,0328,0758,5417,9509,13111,89624,06221,31016,93914,207
Other Liabilities12,74712,67622,66520,00722,7877,8027,2387,3336,1456,42511,5618,3559,454
Total Liabilities26,15526,70139,52734,34537,29326,41426,22127,19125,80834,72540,06835,12935,568
Fixed Assets4,0525,7815,99114,10914,88114,16114,03813,99614,23919,59621,38420,39620,261
CWIP7,0897,5548,5521,3781882206689821,7302,343170475678
Investments4215151,3501,3501,3501,3501,5032,17816161616
Other Assets14,97113,35124,96917,50820,87410,68410,16610,7107,66112,77018,49914,24214,613
Total Assets26,15526,70139,52734,34537,29326,41426,22127,19125,80834,72540,06835,12935,568

Mangalore Refinery & Petrochemicals Ltd Reserves and Borrowings Chart

Mangalore Refinery & Petrochemicals Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2768828,602-5761,376-8523,507569183-2,8184,4966,364
Cash from Investing Activity -3,886-2,209-921-1,408359-337-966-952-1,563-2,101-595-673
Cash from Financing Activity 4,1586981,387-1,503-1,74867-2,334-551,3794,944-3,922-5,690
Net Cash Flow547-6299,068-3,487-13-1,121207-438-124-201

Mangalore Refinery & Petrochemicals Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days23222315222220147282315
Inventory Days563844223340413628906225
Days Payable796210911622159402923505523
Cash Conversion Cycle-0-2-43-79-1663202112672917
Working Capital Days-6-7-47-92-164-16-1310-3492314
ROCE %15%-1%4%-11%13%27%20%6%-16%-1%14%20%

Mangalore Refinery & Petrochemicals Ltd Financial Efficiency Indicators Chart

Mangalore Refinery & Petrochemicals Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters88.58%88.58%88.58%88.58%88.58%88.58%88.58%88.58%88.58%88.58%88.58%88.58%
FIIs0.74%0.69%0.56%0.74%0.77%1.60%1.57%1.05%1.07%1.08%1.54%2.55%
DIIs2.73%2.67%2.53%2.34%2.06%1.55%0.34%0.28%0.28%0.70%1.10%1.57%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.00%
Public7.95%8.06%8.33%8.34%8.59%8.26%9.51%10.08%10.06%9.62%8.76%7.30%
No. of Shareholders3,33,5823,53,2933,50,3893,55,7153,57,0113,77,3113,99,8204,04,6324,02,0513,93,1793,85,9453,69,761

Mangalore Refinery & Petrochemicals Ltd Shareholding Pattern Chart

No. of Mangalore Refinery & Petrochemicals Ltd Shareholders

Mangalore Refinery & Petrochemicals Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Multicap Fund4,838,2200.5750.17111,3962024-06-244243.26%
ICICI Prudential MidCap Fund3,616,2090.8837.5111,3962024-06-243146.26%
ICICI Prudential Smallcap Fund3,048,4240.5331.61111,3962024-06-242636.57%
Baroda BNP Paribas Small Cap Fund2,100,0002.0925.47111,3962024-06-241785.17%
Baroda BNP Paribas Value Fund1,400,0001.0716.98111,3962024-06-241156.78%
ICICI Prudential Equity & Debt Fund761,9590.037.9111,3962024-06-24584.01%
ICICI Prudential Child Care - Gift Fund482,0000.515111,3962024-06-24332.69%
Nippon India Nifty Smallcap 250 Index Fund111,3960.161.35111,3962024-06-240%
Motilal Oswal Nifty Smallcap 250 Index Fund68,0680.160.83111,3962024-06-24-38.9%
Axis Nifty Smallcap 50 Index Fund65,7840.50.8111,3962024-06-24-40.95%

Mangalore Refinery & Petrochemicals Ltd ROCE Trend

Mangalore Refinery & Petrochemicals Ltd EPS Trend

Mangalore Refinery & Petrochemicals Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
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.)515.83621.09397.83182.91286.59
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 (%)2.562.901.861.051.75
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) (%)0.000.000.000.00-5.22
Dividend Payout Ratio (CP) (%)0.000.000.000.00-7.73
Earning Retention Ratio (%)0.000.000.000.00105.22
Cash Earning Retention Ratio (%)0.000.000.000.00107.73
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.)50743.8125883.9628314.8829500.3920241.83
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 (%)0.000.000.000.00105.22
Price / BV (X)2.890.931.011.600.59
Price / Net Operating Revenue (X)0.420.080.100.210.08
EarningsYield0.090.280.40-0.08-0.82

Mangalore Refinery & Petrochemicals Ltd Profitability Ratios (%)

Mangalore Refinery & Petrochemicals Ltd Liquidity Ratios

Mangalore Refinery & Petrochemicals Ltd Liquidity Ratios (%)

Mangalore Refinery & Petrochemicals Ltd Interest Coverage Ratios (%)

Mangalore Refinery & Petrochemicals Ltd Valuation Ratios

Fair Value

Fair Value: 248.80

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.

Undervalued: 15.19% compared to the current price 216

Intrinsic Value: 515.77

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 138.78% compared to the current price ₹216

Last 5 Year EPS CAGR: 107.30%

*Investments are subject to market risks

Strength and Weakness of Mangalore Refinery & Petrochemicals Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -21.00, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -10.08, which is a positive sign.
  3. The company has higher reserves (6,345.00 cr) compared to borrowings (0.38 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of 7.50%, which may not be favorable.
  2. The company has not shown consistent growth in sales (60.69) and profit (-29.62).

FAQ

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

The latest fair value of Mangalore Refinery & Petrochemicals Ltd is ₹248.80.

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

The Market Cap of Mangalore Refinery & Petrochemicals Ltd is 37,799 Cr..

What is the current Stock Price of Mangalore Refinery & Petrochemicals Ltd as on 25 June 2024?

The current stock price of Mangalore Refinery & Petrochemicals Ltd as on 25 June 2024 is ₹216.

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

In FY 2024, the High / Low of Mangalore Refinery & Petrochemicals Ltd stocks is 289/76.8.

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

The Stock P/E of Mangalore Refinery & Petrochemicals Ltd is 10.5.

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

The Book Value of Mangalore Refinery & Petrochemicals Ltd is 75.6.

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

The Dividend Yield of Mangalore Refinery & Petrochemicals Ltd is 0.46 %.

What is the ROCE of Mangalore Refinery & Petrochemicals Ltd?

The ROCE of Mangalore Refinery & Petrochemicals Ltd is 25.2 %.

What is the ROE of Mangalore Refinery & Petrochemicals Ltd?

The ROE of Mangalore Refinery & Petrochemicals Ltd is 31.2 %.

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

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

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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