Mangalore Refinery And Petrochemicals Ltd
Mangalore Refinery & Petrochemicals Limited (MRPL) was set up as a joint venture (JV) between the AV Birla Group and Hindustan Petroleum Corporation Limited (HPCL). It is now a subsidiary of Oil & Natural Gas Corporation(ONGC). The company is mainly engaged in the business of refining crude oil, petrochemical business, trading of aviation fuels and distribution of petroleum products through retail outlets and transport terminals.
Shareholding Pattern
Financial Summary
| Particulars | March 2022 | March 2023 | March 2024 |
| Sales | 69,758 | 1,09,026 | 90,407 |
| Sales Growth % | 118.27% | 56.29% | -17.08% |
| Expenses | 64,814 | 1,02,498 | 82,562 |
| Operating Profit | 4,944 | 6,528 | 7,845 |
| OPM % | 7% | 6% | 9% |
| Net Profit | 2,958 | 2,655 | 3,597 |
| EPS in Rs | 16.88 | 15.15 | 20.52 |
Synopsis of Financials
The company’s revenues fell by ~17% YoY in FY24 due to lower capacity utilization. It reported a throughput of 16.59 MMT (111% utilization) in FY24 down from 17.14 MMT (114% utilization) in FY23, due to maintenance shutdown activity undertaken in Q2 FY24.
Final Outlook
MRPL is a subsidiary of ONGC . Company is showing YoY quarterly profit growth is – 166.27% , profit growth is -75.9%, and net profit last quarter is -696.9. Company also reported YoY quarterly sales growth 29.01% and sales growth is 6.36% which is the highest among their peers. Compounded profit growth of 3 years is 90% which is also the highest no. among their peers. Company reported 35.34% increase in its total comprehensive income in FY24 then FY23. Company is showing growth and show good figure then their peers but it have low market cap and there is more volatility then their peers.
Mangalore-Refinery-And-Petrochemicals-Ltd