Mangalore Refinery and Petrochemicals Ltd

Quick check

The five things to look at first. Open one for more.

• DebtHighest safetyRated AAA by 2 agencies.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 44% and profit rose 203% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 89% of the company, about the same as in Sep 2025.
• ValuationNormal for this stockThe share trades at 7.3 times its yearly earnings (P/E), cheaper than 67% of the time in the last 5 years. Its usual P/E is about 10.

Mangalore Refinery and Petrochemicals Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)7.3 against a typical 20.9: cheaper than most peers (1st = cheapest).4th of 13
• Sales growth+43.6% against a typical +33.3% from a year earlier.2nd of 9
• Profit growth+203.2% against a typical −13.8% from a year earlier.2nd of 10
• Share price, 3 months+5.8% against a typical −6.5%.4th of 13

Exchange filings and their impact on the company.

• 14 Oct 2026Outcome of Board MeetingHigh impactVery positivePrice −5.7% on 15 Oct
  Record H1 profit, sharp debt cut, Rs 3 dividend and lower tax rate ahead; small fire loss is insured.

  MRPL reported very strong Q2 and H1 FY27 results with Q2 consolidated net profit of Rs 1901 cr versus Rs 627 cr last year and H1 profit of Rs 2846 cr, helped by Rs 472 cr price-revision income partly offset by a Rs 119 cr fire loss at the Coker Hydrotreater unit. Total borrowings fell to Rs 9245 cr at September 2026 from Rs 14334 cr in March on strong operating cash flow of Rs 6009 cr. The board declared a Rs 3 per share interim dividend, cut the future tax rate to 25.168 percent from FY27, and disclosed a new 25 percent JV for petrochemicals marketing.

  Full analysisFiling
• 8 Oct 2026General UpdatesLow impactNeutralPrice −4.9% that day
  MRPL takes 25% in newly incorporated ONGC petrochemicals marketing JV for Rs 12.5 cr.

  MRPL has incorporated ONGC Petrochemicals Marketing Limited on 7 October 2026 as a joint venture of ONGC, MRPL and OPaL in 50:25:25 ratio. MRPL subscribed to 1.25 crore shares of Rs 10 each for Rs 12.5 crore for a 25% stake in the Rs 50 crore capital company. The JV will undertake integrated marketing and trading of petrochemicals and chemicals for the ONGC Group, with no immediate financial impact given its small size and newly incorporated status.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Mundkur Shyamprasad Kamath

Chief Executive Officer, Managing Director, Additional Director

Devendra Kumar

Chief Financial Officer, Finance Director

Premachandra Rao Gurpur

Compliance Officer, Company Secretary

Deepak Prabhakar P.

Executive Director - Marketing, Business Development