Mangalore Refinery and Petrochemicals Ltd (MRPL) is planning to open 100-150 retail outlets during the current financial year, according to Sanjay Varma, Managing Director of the company.

MRPL targets to open 100-plus retail outlets in 2023-24

MRPL, a subsidiary of state-controlled Oil and Natural Gas Corp, operates a 300,000 barrel-per-day coastal refinery in southern Karnataka state, mostly supplying the state refiners that own about 90% of India’s retail fuel stations and exporting the remainder.

MRPL to phase out exports as it adds retail outlets

MRPL to make calibrated investments in petrochemicals to embrace long-term changes, while ensuring relevance and viability of existing assets. Investment yardsticks include repurposing existing units, addition of on-purpose units, greenfield petrochemicals, and sustainable imperatives. India’s pet…

MRPL to make calibrated investments in petrochemicals

Gross refining margin lower than estimate; tax rate higher.

MRPL Q1 Results Review - Outlook Modest Amid Volatile Macros: Motilal Oswal

MRPL Standalone June 2023 Net Sales at Rs 24,832.53 crore, down 23.09% Y-o-Y

Gross revenue from operations and profit for Q1 FY 2023-24 were lower compared to the corresponding figures for Q1 FY 2022,-23 as the product prices in Q1 FY 2023-24 were much lower than those for Q1 FY 2022-23.

MRPL revenue & profit down, but notches several firsts in Q1 of 2023-24

Mangalore Refinery and Petrochemicals Limited (MRPL) reported a 62.58% decline in profit after tax, earning ₹1,013 crore during Q1 2023-24 compared to ₹2,707 crore in Q1 2022-23. The company’s gross revenue from operations also decreased to ₹24,832 crore from ₹35,915 crore in the same period last ye…

MRPL’s Q1 profit drops 62%, records highest refinery throughput

​​The refinery configuration has a Nelson Complexity Index of 11.3, one of the highly complex PSU refineries. The MRPL petrochemical intensity is currently at 9.5 per cent, aiming to reach 15 per cent in the medium term. The Nelson Complexity Index (NCI) refers to the types of petroleum products can…

MRPL becomes largest single location refinery in India

Mangaluru-based MRPL processes 10% of the total crude oil refined by PSU petroleum refineries in India.

MRPL was largest single-location PSU refiner in India in 2022-23

MRPL becomes single largest PSU refinery in India, processing 17.14 mt of crude oil in 2022-23. Sanjay Varma, MD, said MRPL is poised to reach greater heights, focusing on Aatmanirbharata and renewable energy solutions. It can process 250 types of crude and produces full range of petroleum products,…

MRPL becomes largest single-location PSU refinery in India

MRPL Standalone March 2023 Net Sales at Rs 25,400.91 crore, up 2.41% Y-o-Y

Price return has been average, nothing exciting

Performance

Can be considered moderately valued vs the market

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced but is in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Mangalore Refinery and Petrochemicals Limited is engaged in the business of refinery and manufacturing of refined petroleum products.