Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of Oil and Natural Gas Corporation (ONGC), is a key player in India’s oil and gas sector, established in 1988. Located in Mangalore, Karnataka, MRPL operates a highly advanced refinery with a capacity of 15 million metric tonnes per annum (MMTPA), known for its versatility in processing various types of crude oil. The refinery is equipped with two hydrocrackers and Continuous Catalytic Reformers (CCRs), allowing the production of premium diesel and high-octane petrol. MRPL’s product range includes diesel, petrol, bitumen, sulphur, and polypropylene, catering to both domestic and international markets. In 2022, the company reported revenues of ₹86,161 crore (about $10 billion) and a net profit of ₹2,950 crore (around $350 million), showcasing its financial strength. Recognized as a Miniratna by the Government of India, MRPL continues to innovate and expand its role in India’s energy landscape, contributing significantly to the country’s petroleum self-sufficiency.
Latest News on Mangalore Refinery and Petrochemicals Ltd
Mangalore Refinery and Petrochemicals Limited (MRPL) has recently made headlines with its notable contribution to social welfare and solid stock performance. In a commendable initiative, MRPL donated ₹47 lakhs to the Akshaya Patra Foundation to support their Mid-Day Meal Program, aimed at providing nutritious meals to school children, thereby improving their health and educational outcomes. This gesture highlights MRPL’s commitment to corporate social responsibility. On the financial front, MRPL’s stock saw a positive performance, reaching ₹194.68 as of September 10, 2024, marking a 2.60% increase from the previous day. With a return on equity (ROE) of 27.08% for the year ending March 31, 2024, the company’s strong financial standing continues to reflect its resilience and growth in the energy sector.
Shareholding Patterns of Mangalore Refinery and Petrochemicals Limited
| 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 shown consistency in promoter ownership, which remained unchanged at 88.58% from June 2023 to June 2024. Foreign Institutional Investors (FIIs) steadily increased their stake from 1.08% in June 2023 to 2.68% by March 2024, before experiencing a slight drop to 2.26% in June 2024. Domestic Institutional Investors (DIIs) also saw an upward trend, with their holdings rising from 0.70% in June 2023 to 1.57% in December 2023, and then stabilizing at 1.50% through March and June 2024. Public shareholding, on the other hand, decreased from 9.62% in June 2023 to 7.23% by March 2024, recovering slightly to 7.64% in June 2024. The total number of shareholders increased significantly, from 3,93,179 in June 2023 to 4,67,875 in June 2024, reflecting growing interest from investors.
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Mangalore Refinery and Petrochemicals Limited Share Price Prediction 2024 - 2030
Mangalore Refinery and Petrochemicals Limited Share Price Target 2024
| When | Maximum Price | Minimum Price |
| September 2024 | 195.95 | 170.39 |
| October 2024 | 194.01 | 168.71 |
| November 2024 | 201.77 | 175.46 |
| December 2024 | 203.79 | 177.21 |
In September 2024, the maximum price for Mangalore Refinery and Petrochemicals is projected to reach ₹195.95, while the minimum price is expected to be ₹170.39. Moving into October 2024, the company’s share price is anticipated to vary between a maximum of ₹194.01 and a minimum of ₹168.71. For November 2024, Mangalore Refinery and Petrochemicals’ stock is forecasted to achieve a maximum price of ₹201.77 and a minimum price of ₹175.46. By December 2024, the share price is expected to hit a maximum of ₹203.79 and a minimum of ₹177.21.
Mangalore Refinery and Petrochemicals Limited Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 205.83 | 158.33 |
| February 2025 | 207.91 | 159.93 |
| March 2025 | 212.28 | 163.29 |
| April 2025 | 210.17 | 161.67 |
| May 2025 | 204.05 | 156.96 |
| June 2025 | 213.23 | 164.03 |
| July 2025 | 209.05 | 160.81 |
| August 2025 | 215.52 | 165.78 |
| September 2025 | 218.11 | 167.77 |
| October 2025 | 223.78 | 172.14 |
| November 2025 | 229.37 | 176.44 |
| December 2025 | 239.69 | 184.38 |
As we move into January 2025, the maximum price for Mangalore Refinery and Petrochemicals is expected to reach ₹205.83, with the minimum price projected at ₹158.33. By December 2025, the share price for Mangalore Refinery and Petrochemicals is forecasted to climb to a maximum of ₹239.69 and a minimum of ₹184.38.
Mangalore Refinery and Petrochemicals Limited Share Price Prediction 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 246.88 | 189.91 |
| February 2026 | 240.71 | 185.16 |
| March 2026 | 245.52 | 188.87 |
| April 2026 | 250.54 | 192.72 |
| May 2026 | 248.05 | 190.81 |
| June 2026 | 254.26 | 195.58 |
| July 2026 | 249.27 | 191.75 |
| August 2026 | 256.98 | 197.68 |
| September 2026 | 262.12 | 201.63 |
| October 2026 | 268.93 | 206.87 |
| November 2026 | 275.66 | 212.04 |
| December 2026 | 282.55 | 217.35 |
Mangalore Refinery and Petrochemicals Limited Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 285.38 | 219.52 |
| February 2027 | 292.69 | 225.15 |
| March 2027 | 304.11 | 233.93 |
| April 2027 | 298.14 | 229.34 |
| May 2027 | 289.46 | 222.66 |
| June 2027 | 302.49 | 232.68 |
| July 2027 | 296.56 | 228.12 |
| August 2027 | 305.73 | 235.17 |
| September 2027 | 316.43 | 243.41 |
| October 2027 | 324.65 | 249.73 |
| November 2027 | 332.77 | 255.98 |
| December 2027 | 341.09 | 262.38 |
Mangalore Refinery and Petrochemicals Limited Share Price Prediction 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 347.91 | 267.62 |
| February 2028 | 356.83 | 274.49 |
| March 2028 | 370.75 | 285.19 |
| April 2028 | 363.48 | 279.60 |
| May 2028 | 352.89 | 271.46 |
| June 2028 | 368.77 | 283.67 |
| July 2028 | 361.54 | 278.11 |
| August 2028 | 372.72 | 286.71 |
| September 2028 | 385.77 | 296.75 |
| October 2028 | 395.80 | 304.46 |
| November 2028 | 405.69 | 312.07 |
| December 2028 | 415.84 | 319.87 |
Mangalore Refinery and Petrochemicals Limited Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 424.15 | 326.27 |
| February 2029 | 435.03 | 334.64 |
| March 2029 | 452.00 | 347.69 |
| April 2029 | 443.13 | 340.87 |
| May 2029 | 430.23 | 330.94 |
| June 2029 | 449.59 | 345.84 |
| July 2029 | 440.77 | 339.05 |
| August 2029 | 454.40 | 349.54 |
| September 2029 | 470.31 | 361.77 |
| October 2029 | 482.54 | 371.18 |
| November 2029 | 494.60 | 380.46 |
| December 2029 | 506.96 | 389.97 |
Mangalore Refinery and Petrochemicals Limited Share Price Target 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 517.10 | 397.77 |
| February 2030 | 530.36 | 407.97 |
| March 2030 | 551.05 | 423.88 |
| April 2030 | 540.24 | 415.57 |
| May 2030 | 524.51 | 403.47 |
| June 2030 | 548.11 | 421.62 |
| July 2030 | 537.36 | 413.36 |
| August 2030 | 553.98 | 426.14 |
| September 2030 | 573.37 | 441.05 |
| October 2030 | 588.28 | 452.52 |
| November 2030 | 602.98 | 463.83 |
| December 2030 | 618.06 | 475.43 |
In January 2030, the maximum price for Mangalore Refinery and Petrochemicals is anticipated to reach ₹517.10, with the minimum price expected to be ₹397.77. By December 2030, the share price for Mangalore Refinery and Petrochemicals is projected to peak at ₹618.06, with a minimum of ₹475.43.
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% |
Over the past five years, Mangalore Refinery and Petrochemicals Limited (MRPL) has navigated a tumultuous financial landscape, marked by significant transformations. In March 2020, the company faced a challenging environment with sales of ₹50,230 crore overshadowed by expenses of ₹53,368 crore, resulting in a substantial operating loss of ₹3,137 crore and an OPM of -6%. The following year, despite a drop in sales to ₹31,959 crore, reduced expenses to ₹31,252 crore allowed MRPL to achieve a modest operating profit of ₹708 crore and a positive OPM of 2%. By March 2022, MRPL’s sales surged to ₹69,758 crore, and although expenses also rose to ₹64,814 crore, the company recorded an operating profit of ₹4,944 crore and an improved OPM of 7%. The upward trajectory continued into March 2023 with sales reaching a peak of ₹109,026 crore and operating profit climbing to ₹6,528 crore, though the OPM slightly declined to 6%. In March 2024, MRPL further enhanced its operational efficiency, achieving sales of ₹90,407 crore and an operating profit of ₹7,845 crore, with an OPM of 9%, the highest in the five-year span. The company’s financial resilience is also reflected in its other income fluctuations, interest and depreciation costs, and profit before tax (PBT), which has seen a dramatic improvement from a loss of ₹5,404 crore in March 2020 to a profit of ₹5,523 crore in March 2024. Net profit followed a similar upward trend, increasing from a loss of ₹4,043 crore to a profit of ₹3,597 crore, and EPS improved substantially from -₹19.14 to ₹20.52. In a notable development, MRPL declared a 15% dividend payout in March 2024, a testament to its restored financial health and operational success. Overall, MRPL’s financial performance underscores a remarkable recovery from previous losses, driven by strategic improvements in operational efficiency, cost management, and enhanced profitability.
FAQS
Should you buy Mangalore Refinery and Petrochemicals shares?
Yes, our analysis suggests that Mangalore Refinery and Petrochemicals is likely to see continued success and growth in the coming years, making it a potentially attractive investment opportunity for those looking to capitalize on the company’s long-term growth potential.
What is the share price target of Mangalore Refinery and Petrochemicals for 2025?
In 2025, the maximum share price target of Mangalore Refinery and Petrochemicals is projected to reach ₹239.69. This uptrend in the company’s share price is expected to suggest a continued positive outlook for Mangalore Refinery and Petrochemicals.
Can Mangalore Refinery and Petrochemicals Ltd reach 1000 INR?
Yes, Mangalore Refinery and Petrochemicals could reach 1000 INR by 2032.
What is the share price target of Mangalore Refinery and Petrochemicals for 2030?
By the end of 2030, the share price of Mangalore Refinery and Petrochemicals is expected to reach around ₹618.06.
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Conclusion
In conclusion, Mangalore Refinery and Petrochemicals Limited (MRPL) has demonstrated remarkable financial recovery and growth. Over the past five years, the company has turned around its fortunes from substantial losses to impressive profitability. With sales climbing to ₹90,407 crore and an operating profit of ₹7,845 crore in March 2024, MRPL has shown exceptional operational efficiency. The company’s net profit has increased to ₹3,597 crore, and the EPS has risen to ₹20.52. The declaration of a 15% dividend payout further reflects its strong financial health. Projections indicate continued growth, with the share price expected to reach up to ₹239.69 in 2025 and ₹618.06 by 2030. MRPL’s solid performance and strategic advancements make it a compelling investment opportunity with substantial long-term potential.
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