Mangalore Refinery and Petrochemicals Ltd (MRPL) has said it has initiated setting up 500 tpa (tonnes per annum) green hydrogen production unit within the refinery premises.

MRPL to produce green hydrogen for captive use

MRPL plans to sell 240,000 metric tons of jet fuel in term supplies from September to February. Interested buyers must submit proposals by July 31 to offload cargo between the 1st-28th of each month. This exploratory move, not an official sale tender, offers limited buyer obligations. MRPL has not offered term cargoes in the past two years.

MRPL issues expression of interest to sell jet fuel term supplies, sources say

Mangalore Refinery And Petrochemicals Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 36094.77 Crore) operating in Gas & Petroleum sector.

Sell Mangalore Refinery And Petrochemicals, target price Rs 130: Prabhudas Lilladher

Stocks related to infrastructure, railways, defence, capital goods, power, real estate, financials, fertilizer, manufacturing, textiles, agrochemicals and more will be in focus ahead of the Union Budget 2024.

Stocks in news: Suzlon Energy, HUL, RailTel, Federal Bank, SAIL, HCL Tech and MRPL

Mangalore Refinery & Petrochemicals (MRPL) slipped 3.26% to Rs 207.75 after it reported 93.53% drop in standalone net profit to Rs 65.57 crore in Q1 FY25 from Rs 1,012.74 crore recorded in Q1 FY24.

MRPL slides as Q1 PAT slumps 94% YoY to Rs 66 cr; GRM drops to $4.70/barrel

Mangalore Refinery and Petrochemicals Ltd. delivered a substantial miss in first quarter due to a weak refining performance, Motilal Oswal said.

MRPL Shares Tumble Over 12% In Five Sessions After Q1 Net Profit Nearly Halves

Railway, defence, and PSU stocks on BSE rose ahead of the Union Budget by the Finance Minister. RailTel up 3%, Cochin Shipyard and DCX Systems gained, while Titagarh Rail, Texmaco Rail mixed. PSU stocks: IRCTC, IRFC, OIL, GMDC, Mazagon Dock, Bharat Forge, LIC, BEML, NTPC, Gujarat Gas, RCF, NMDC Steel. Multibagger returns seen; MRPL declined 3.7%.

Rail, defence, PSU stocks in focus ahead of Budget

The fall in the stock price came after the company announced a weak set of June quarter of financial year 2025 (Q1FY25) results.

MRPL share price tanks 7% on weak Q1FY25 performance; profit falls 93%

MRPL Q1 FY25 Results: MRPL reports a profit after tax of ₹65.57 crore during the first quarter of 2024-25 against a profit after tax of ₹1,012.74 crore in the corresponding period of 2023-24, down by 93.53 per cent.

MRPL Q1 Results; company reports ₹66 crore profit in its first quarter

Mangalore Refinery And Petrochemicals consolidated net profit declines 92.78% in the June 2024 quarter

Mangalore Refinery And Petrochemicals standalone net profit declines 93.53% in the June 2024 quarter

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not 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.