MRPL
OVERVALUEDMangalore Refinery and Petrochemicals Limited
Oil & Gas · NSE
↓ 83.8% vs fair value
52W Low
₹118
+51.6% from low
52W High
₹212
-15.8% from high
Valuation Gauge
Current Price
₹179
Fair Value
₹97
Fair Value Analysis
₹97
Based on free cash flow projections and balance sheet strength analysis and earnings multiple (EV/EBITDA) for Oil & Gas sector companies | CAUTION: ROCE declining (latest 8.8%) — returns on capital are falling; verify this isn't a value trap. | Growth capped at 9.9% (ROE 8.6%×1.15) — historical CAGR exceeds sustainable rate or COVID period unverifiable. | COVID-resilient: PAT dropped from ₹351Cr (FY2019) to ₹-4043Cr (FY2020) during COVID but has fully recovered.
Cash Flow Analysis
40% weight
Balance Sheet Value
20% weight
EV/EBITDA Multiple
40% weight
Price vs Market
Shareholding Pattern
Stock Health Score
Mixed Signals
Profitability
ROE of 8.6% is acceptable for Oil & Gas sector (benchmark: 10%)
Debt & Leverage
D/E ratio of 0.8x is well within the Oil & Gas sector norm of 1.5x — strong balance sheet
Valuation vs Peers
P/E of 27.8x is 3.4x the Oil & Gas sector median of 8x — expensive
Cash Flow
FCF margin of 0.9% — very thin despite positive FCF (₹888 Cr)
Earnings Growth
5yr EPS CAGR of -73.3% — severe earnings decline
Dividend
Dividend yield of 2.2% provides moderate shareholder returns
Sentiment Trend — Last 30 Days
Historical Returns
Key Ratios & Growth
FCF Yield
3.0%
Free cash flow / market cap
Revenue Growth (YoY)
+7.0%
Year-on-year revenue change
Profit Growth (YoY)
+1633.8%
Year-on-year PAT change
Operating Cash Flow
₹1.9K Cr
TTM cash from operations
Key Financials
EPS (TTM)
₹6.6
P/E Ratio
27.8x
P/B Ratio
2.4x
ROE
8.6%
ROCE
4.9%
Debt / Equity
0.81x
Beta
0.45
Div Yield
2.2%
FCF (Cr)
₹888 Cr
Revenue (Cr)
₹94,644 Cr
EPS Growth 5Y
-73.3%
Mkt Cap (Cr)
₹31,958 Cr
52W High
₹212.3
52W Low
₹118
Book Value/Share
₹76
Financial History
| Period | Revenue | Op Profit | OPM% | PAT | EPS |
|---|---|---|---|---|---|
| TTM | ₹89.3K Cr | ₹5.6K Cr | 6.0% | ₹2.2K Cr | ₹12.43 |
| 2025-03-31 | ₹94.7K Cr | ₹2.3K Cr | 2.0% | ₹56 Cr | ₹0.32 |
| 2024-03-31 | ₹90.4K Cr | ₹7.9K Cr | 9.0% | ₹3.6K Cr | ₹20.52 |
| 2023-03-31 | ₹109.0K Cr | ₹6.5K Cr | 6.0% | ₹2.7K Cr | ₹15.15 |
| 2022-03-31 | ₹69.8K Cr | ₹4.9K Cr | 7.0% | ₹3.0K Cr | ₹16.88 |
| 2021-03-31 | ₹32.0K Cr | ₹708 Cr | 2.0% | ₹-765 Cr | ₹-4.36 |
| 2020-03-31 | ₹50.2K Cr | ₹-3.1K Cr | -6.0% | ₹-4.0K Cr | ₹-19.14 |
| 2019-03-31 | ₹63.4K Cr | ₹2.6K Cr | 4.0% | ₹351 Cr | ₹1.94 |
| 2018-03-31 | ₹49.1K Cr | ₹4.5K Cr | 9.0% | ₹1.8K Cr | ₹11.37 |
| 2017-03-31 | ₹43.8K Cr | ₹5.0K Cr | 11.0% | ₹3.3K Cr | ₹19.81 |
| 2016-03-31 | ₹39.7K Cr | ₹1.7K Cr | 4.0% | ₹506 Cr | ₹4.70 |
| 2015-03-31 | ₹57.4K Cr | ₹-2.2K Cr | -4.0% | ₹-1.9K Cr | ₹-10.29 |
| 2014-03-31 | ₹71.6K Cr | ₹1.0K Cr | 1.0% | ₹606 Cr | ₹3.46 |
Compounded Growth Rates
Sales Growth
Profit Growth
EPS Growth
Peer Comparison
Oil & Gas| Stock | Price | Fair Value | MoS% | P/E | ROE | Signal |
|---|---|---|---|---|---|---|
Gulf Oil Lubricants India Limited | ₹891 | ₹1,626.9 | +45.2% | 12.7 | 21.1% | UNDERVALUED |
GP Petroleums Limited | ₹28.7 | ₹44.1 | +35.0% | 5.4 | 7.4% | UNDERVALUED |
Magadh Sugar & Energy Limited | ₹493 | ₹640.5 | +23.0% | 8 | 13.9% | UNDERVALUED |
Oil and Natural Gas Corporation | ₹281.4 | ₹330.7 | +14.9% | 9.5 | 12.2% | FAIRLY_VALUED |
Avadh Sugar & Energy Limited | ₹499 | ₹534.5 | +6.6% | 12.8 | 8.0% | FAIRLY_VALUED |
GAIL India | ₹143.4 | ₹146.9 | +2.3% | 10.9 | 9.8% | FAIRLY_VALUED |
Hindustan Petroleum Corporation Limited | ₹328.9 | ₹333.1 | +1.3% | 4.5 | 12.3% | FAIRLY_VALUED |
Mahanagar Gas | ₹966.6 | ₹849.5 | -13.8% | 9.9 | 17.0% | FAIRLY_VALUED |
Institutional Activity
Bulk deals, block deals, short selling & delivery volume — NSE data
Insider Trading
Community Pulse
Company Documents
Annual reports, concall transcripts & regulatory filings
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