Mangalore Refinery and Petrochemicals share price
NSE: MRPLBSE: 500109Petroleum ProductsSmall Cap
Share price at the NSE close on 29 Oct 2026. Previous close ₹172.90.
29 Oct: open ₹173.00, high ₹174.60, low ₹170.40
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹30,362 Cr267th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 6.88
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.78
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 4.04%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 29.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 28.8%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.54
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 73,82,80020.4% delivered
About Mangalore Refinery and Petrochemicals
Mangalore Refinery and Petrochemicals Limited (MRPL), based in Mangaluru, Karnataka, runs an oil refinery that makes petroleum and petrochemical products for energy, industrial and transport use.12 It sells fuels and polypropylene to oil marketing companies, Indian Railways, government undertakings, industries and buyers abroad, and serves motorists through its HiQ fuel stations in southern India.34
MRPL reports a single business segment, downstream petroleum, and its products include LPG, petrol, diesel, jet fuel, naphtha, kerosene, fuel oils, bitumen, pet coke, sulphur, polypropylene, benzene, toluene and mixed xylene.56 Its crude oil basket covers 273 grades, sourced from Asia, South America, Africa, the USA and Russia.6 Its Innovation Centre has filed 42 patents, 13 of them granted, and developed GOAT, a refining process that converts crude oil directly into petrochemical feedstocks.78 Shell MRPL Aviation Fuels & Services Limited, a 50:50 joint venture formed in 2008 with Shell Gas BV, markets and distributes jet fuel to airlines.910
It was incorporated in 1988.11 ONGC Mangalore Petrochemicals Limited, then its subsidiary, was amalgamated into MRPL with effect from 1 May 2022.12 MRPL is a Government of India enterprise and a subsidiary of Oil and Natural Gas Corporation Limited (ONGC); at the end of March 2026, its promoters ONGC and Hindustan Petroleum Corporation Limited held 71.6282% and 16.9550% of its shares.1113
Mangalore Refinery and Petrochemicals key points
Results
- In the quarter to Jun 2026, consolidated revenue from operations was ₹41,608.96 crore, against ₹20,988.53 crore a year earlier, and consolidated profit after tax was ₹945.68 crore, against a loss of ₹270.66 crore.1415
- Profit for the quarter to Jun 2026 includes ₹471.76 crore of additional income, net of expenses, from revised prices on petroleum products supplied in the previous period.16
- In the year to Mar 2026, consolidated revenue from operations was ₹1,05,155.49 crore and consolidated profit after tax ₹1,924.58 crore. The board declared an interim dividend of ₹4 a share, a ₹701.04 crore payout, and recommended it as the final dividend.141517
- On a standalone basis, profit after tax for the year to Mar 2026 was ₹1,931 crore, against ₹51 crore a year earlier, and the gross refining margin (what the refinery earns on each barrel of crude above its cost) was US$9.22 per barrel.18
Where revenue comes from
Plants and capacity
- MRPL's Mangaluru refinery processed 16.774 million tonnes (MMT) of crude oil in the year to Mar 2026, a capacity utilisation of 111.8%. Its distillate yield (the share of crude turned into lighter fuels such as diesel and petrol) was 81.94%.21
- The Mangaluru refinery produced a record 6.78 MMT of diesel in the year to Mar 2026, against the previous high of 6.68 MMT a year earlier.22
Branches and reach
- MRPL had 252 operational HiQ fuel stations at the end of March 2026, after adding 85 during the year, across Karnataka, Kerala, Tamil Nadu and Andhra Pradesh, where it opened its first outlet.23
- MRPL's HiQ fuel stations sold 343.9 million litres of petrol and diesel in the year to Mar 2026, and it commissioned 76 electric vehicle charging stations at its HiQ fuel stations.24
- In the year to Mar 2026, MRPL sent a record 4.07 MMT of road and jet fuel through the Petronet MHB pipeline in Karnataka, and its Devangonthi marketing terminal near Bengaluru became fully operational.2526
Customers and partners
- On a consolidated basis, oil marketing companies bought 60% of MRPL's petroleum product sales in the year to Mar 2026, against 57% a year earlier, and no other customer reached 10% of revenue.27
- MRPL sold ₹2,599.63 crore of jet fuel to its Shell joint venture in the year to Mar 2026, when the venture's turnover was ₹2,706 crore, up 6.15% on the previous year.2829
Expansion and capital spending
- The company stated in its annual report for the year to Mar 2026 that it is setting up a green hydrogen plant of 500 tonnes a year at an approved cost of ₹56 crore.30
- The company stated in its annual report for the year to Mar 2026 that it is upgrading the refinery's grid connection and power system at an approved cost of ₹385 crore, with the rest targeted for mechanical completion by September 2026; no outcome is given.31
- MRPL has asked the state industrial land board (KIADB) for 1,050 acres for a Phase IV expansion, of which 990.60 acres had been notified at the end of March 2026.32
Recent events
- On 7 Oct 2026, ONGC Petrochemicals Marketing Limited was incorporated to market and trade petrochemicals, chemicals and related products, owned by ONGC, MRPL and OPaL in the ratio 50:25:25.33
- On 29 Sep 2026, Fitch Ratings assigned MRPL a long-term issuer default rating (its view of the company's ability to repay debt) of BBB- with a stable outlook, its first rating from an international rating agency.34
- On 19 May 2026, the Petroleum and Natural Gas Regulatory Board authorised MRPL to build and run a jet fuel pipeline of 2.5 million tonnes a year from Devangonthi to fuel farms at Kempegowda International Airport, Bengaluru, within 36 months.3536
Litigation and regulatory matters
- In an order received 13 May 2026, the customs appeals tribunal (CESTAT) allowed MRPL's appeal over how imported reformate (a refinery product blended into petrol) is classified. MRPL said this ends a possible ₹616.82 crore claim and lets it reclaim ₹212.53 crore paid under protest.373839
- BSE and NSE each fined MRPL ₹18.51 million for the period up to December 2025 for too few independent directors. The independent directors' tenure ended on 27 Mar 2026, and on 15 Jul 2026 the board still lacked the required number.4041
Last updated
All 41 sources, each with its page
- 1. Annual report, 23 Jul 2026, page 271
- 2. Annual report, 23 Jul 2026, page 71
- 3. Annual report, 23 Jul 2026, page 111
- 4. Annual report, 23 Jul 2026, page 22
- 5. Annual report, 23 Jul 2026, page 328
- 6. Annual report, 23 Jul 2026, page 69
- 7. Annual report, 23 Jul 2026, page 54
- 8. Annual report, 23 Jul 2026, page 72
- 9. Annual report, 23 Jul 2026, page 360
- 10. Annual report, 23 Jul 2026, page 363
- 11. Annual report, 23 Jul 2026, page 1
- 12. Annual report, 23 Jul 2026, page 257
- 13. Annual report, 23 Jul 2026, page 100
- 14. Exchange filing, 15 Jul 2026, page 3
- 15. Exchange filing, 15 Jul 2026, page 4
- 16. Exchange filing, 15 Jul 2026, page 4
- 17. Annual report, 23 Jul 2026, page 8
- 18. Annual report, 23 Jul 2026, page 8
- 19. Annual report, 23 Jul 2026, page 111
- 20. Annual report, 23 Jul 2026, page 8
- 21. Annual report, 23 Jul 2026, page 8
- 22. Annual report, 23 Jul 2026, page 22
- 23. Annual report, 23 Jul 2026, page 69
- 24. Annual report, 23 Jul 2026, page 69
- 25. Annual report, 23 Jul 2026, page 23
- 26. Annual report, 23 Jul 2026, page 8
- 27. Annual report, 23 Jul 2026, page 328
- 28. Annual report, 23 Jul 2026, page 363
- 29. Annual report, 23 Jul 2026, page 23
- 30. Annual report, 23 Jul 2026, page 26
- 31. Annual report, 23 Jul 2026, page 26
- 32. Annual report, 23 Jul 2026, page 341
- 33. Exchange filing, 8 Oct 2026, page 1
- 34. Exchange filing, 29 Sep 2026, page 1
- 35. Exchange filing, 19 May 2026, page 1
- 36. Exchange filing, 19 May 2026, page 2
- 37. Exchange filing, 14 May 2026, page 2
- 38. Exchange filing, 14 May 2026, page 2
- 39. Annual report, 23 Jul 2026, page 341
- 40. Annual report, 23 Jul 2026, page 257
- 41. Exchange filing, 15 Jul 2026, page 4
Results
Consolidated; ₹ crore.Mangalore Refinery and Petrochemicals quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +35.2%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +327.4%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹35,590 Crdown 14.46%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹1,901 Crup 100.99%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 5.3%
Revenue by quarter
Net profit by quarter, a loss in red
- Net profit
- Loss
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 25,601what Revenue, Dec 2024, includes. This period's revenue includes excise duty of ₹3,730 crore, a tax on the goods the company makes that it collects and pays to the government. | 27,601what Revenue, Mar 2025, includes. This period's revenue includes excise duty of ₹3,006 crore, a tax on the goods the company makes that it collects and pays to the government. | 20,988what Revenue, Jun 2025, includes. This period's revenue includes excise duty of ₹3,632 crore, a tax on the goods the company makes that it collects and pays to the government. | 25,953what Revenue, Sep 2025, includes. This period's revenue includes excise duty of ₹3,304 crore, a tax on the goods the company makes that it collects and pays to the government. | 29,720what Revenue, Dec 2025, includes. This period's revenue includes excise duty of ₹5,008 crore, a tax on the goods the company makes that it collects and pays to the government. | 28,493what Revenue, Mar 2026, includes. This period's revenue includes excise duty of ₹4,543 crore, a tax on the goods the company makes that it collects and pays to the government. | 41,609what Revenue, Jun 2026, includes. This period's revenue includes excise duty of ₹3,355 crore, a tax on the goods the company makes that it collects and pays to the government. | 35,590what Revenue, Sep 2026, includes. This period's revenue includes excise duty of ₹3,074 crore, a tax on the goods the company makes that it collects and pays to the government. |
| Net profit | 309 | 371 | −271 | 627 | 1,451 | 117 | 946 | 1,901 |
| Net margin | 1.2% | 1.3% | −1.3% | 2.4% | 4.9% | 0.4% | 2.3% | 5.3% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,05,155 Crdown 3.77%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,925 Crup 3,323.91%
- Net margin
- 1.8%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 59,989what Revenue, Mar 2017, includes. This period's revenue includes excise duty of ₹16,223 crore, a tax on the goods the company makes that it collects and pays to the government. | 63,688what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹14,633 crore, a tax on the goods the company makes that it collects and pays to the government. | 73,494what Revenue, Mar 2019, includes. This period's revenue includes excise duty of ₹10,253 crore, a tax on the goods the company makes that it collects and pays to the government. | 59,980what Revenue, Mar 2020, includes. This period's revenue includes excise duty of ₹9,750 crore, a tax on the goods the company makes that it collects and pays to the government. | 50,895what Revenue, Mar 2021, includes. This period's revenue includes excise duty of ₹18,837 crore, a tax on the goods the company makes that it collects and pays to the government. | 86,064what Revenue, Mar 2022, includes. This period's revenue includes excise duty of ₹16,337 crore, a tax on the goods the company makes that it collects and pays to the government. | 1,24,736what Revenue, Mar 2023, includes. This period's revenue includes excise duty of ₹15,880 crore, a tax on the goods the company makes that it collects and pays to the government. | 1,05,223what Revenue, Mar 2024, includes. This period's revenue includes excise duty of ₹14,817 crore, a tax on the goods the company makes that it collects and pays to the government. | 1,09,277what Revenue, Mar 2025, includes. This period's revenue includes excise duty of ₹14,596 crore, a tax on the goods the company makes that it collects and pays to the government. | 1,05,155what Revenue, Mar 2026, includes. This period's revenue includes excise duty of ₹16,488 crore, a tax on the goods the company makes that it collects and pays to the government. |
| Net profit | 3,473 | 1,774 | 351 | −4,039 | −765 | 2,958 | 2,655 | 3,597 | 56 | 1,925 |
| Net margin | 5.8% | 2.8% | 0.5% | −6.7% | −1.5% | 3.4% | 2.1% | 3.4% | 0.1% | 1.8% |
Business segments
In the year to Mar 2026 the company reports one business segment, Downstream Petroleum Sector, which carries all its revenue.
Valuation
Today, against the company's own history.Mangalore Refinery and Petrochemicals PE ratio and valuation
At or below today's level on 32% of 1,802 trading days over the last 10 years.
At or below today's level on 53% of 1,972 trading days since Nov 2018.
At or below today's level on 85% of 2,479 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +36.0% | +3,331.3% | −96.1% | 2.2% |
| 3 years | +51.9% | −10.2% | +67.8% | 1.2% |
| 5 years | +36.6% | – | – | 0.7% |
Mutual fund holdings
50 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 45 of the 45 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 50 funds holding Mangalore Refinery and Petrochemicals
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 13
- CutCut. Funds that held fewer shares than at the end of the month before.
- 32
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 4
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 1
| Fund | |||
|---|---|---|---|
| 26,28,729 | 0.55% | ₹44.5 Cr | |
| 10,05,443 | 0.27% | ₹17.0 Cr | |
| 5,50,000 | 0.68% | ₹9.31 Cr | |
| 3,58,889 | 0.35% | ₹6.08 Cr | |
| 2,72,626 | 0.13% | ₹4.62 Cr | |
| 2,50,000 | 0.72% | ₹4.23 Cr | |
| 2,13,932 | 0.13% | ₹3.62 Cr | |
| 1,38,488 | 0.13% | ₹2.34 Cr | |
| 98,236 | 0.13% | ₹1.66 Cr | |
| 62,098 | 0.13% | ₹1.05 Cr |
Mangalore Refinery and Petrochemicals competitors and peers
Refineries & Marketing, 13 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Mangalore Refinery and Petrochemicals in market cap. 1 company in its own group left out: one owns more than half of the other, directly or through a company it controls, or one owner more than half of both.Oil and gas companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 15,79,789 | 21.14 | 1.75 | +14.7% | −8.3% | 8.6% | 8.5% | 0.51% | |
| 1,84,155 | 5.47 | 0.84 | +11.6% | +99.3% | 16.6% | 13.8% | 6.33% | |
| 1,25,470 | 7.94 | 1.24 | +16.5% | −25.6% | 16.2% | 12.1% | 6.05% | |
| 22,512 | 3.95 | 1.66 | +21.8% | +387.4% | 50.9% | 48.4% | 4.10% | |
| 462 | 6.95 | 3.95 | – | +298.7% | 87.1% | 21.1% | 0.00% | |
| 423 | 19.00 | 2.29 | – | – | 13.3% | – | 1.21% | |
| 134 | 12.70 | 2.68 | +81.3% | +77.7% | 23.2% | – | 0.00% | |
| 98 | 9.65 | 1.45 | – | – | 15.0% | – | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Mangalore Refinery and Petrochemicals dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 21 Oct 2026 | Interim | ₹3.00 |
| 11 Mar 2026 | Interim | ₹4.00 |
| 9 Aug 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹2.00 |
| 2 Feb 2024 | Interim | ₹1.00 |
| 30 May 2019 | Final | ₹1.00 |
| 28 Jun 2018 | Final | ₹3.00 |
Latest announcements
Routine notices left out.Mangalore Refinery and Petrochemicals announcements
Mangalore Refinery and Petrochemicals share price by year
Each calendar year to 2025.Mangalore Refinery and Petrochemicals share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 152.03 | +2.4% | 183.52 | 101.40 |
| 2024 | 148.41 | +11.5% | 286.10 | 129.55 |
| 2023 | 133.15 | +137.3% | 133.20 | 49.85 |
| 2022 | 56.10 | +30.2% | 120.65 | 37.35 |
| 2021 | 43.10 | +21.6% | 55.35 | 34.10 |
| 2020 | 35.45 | −21.1% | 47.95 | 22.30 |
| 2019 | 44.95 | −40.5% | 75.05 | 40.70 |
| 2018 | 75.50 | −41.4% | 133.70 | 63.45 |
| 2017 | 128.85 | +31.2% | 142.35 | 97.70 |
| 2016 | 98.20 | +44.7% | 104.50 | 54.30 |
Recent sessions
The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 28 Oct 2026 | 186.75 | 190.72 | 171.53 | 172.90 | 174.64 | 2,63,22,403 | 22.5% |
| 27 Oct 2026 | 180.50 | 190.30 | 179.38 | 189.44 | 186.96 | 3,23,92,441 | 15.7% |
| 26 Oct 2026 | 161.00 | 185.00 | 159.00 | 182.61 | 179.13 | 11,39,92,434 | 8.8% |
| 23 Oct 2026 | 166.00 | 167.00 | 160.58 | 162.25 | 162.93 | 61,11,828 | 21.2% |
| 22 Oct 2026 | 167.25 | 168.00 | 163.11 | 165.94 | 164.88 | 62,09,378 | 17.1% |
| 21 Oct 2026 | 173.00 | 174.09 | 166.64 | 167.52 | 169.54 | 61,27,959 | 28.9% |
| 19 Oct 2026 | 173.41 | 177.34 | 172.50 | 173.72 | 174.02 | 94,87,154 | 21.7% |
| 16 Oct 2026 | 176.00 | 176.50 | 169.50 | 172.71 | 172.29 | 1,39,84,495 | 23.7% |
| 15 Oct 2026 | 189.60 | 191.49 | 171.20 | 174.79 | 177.05 | 5,66,46,756 | 14.7% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 22 Jan 2008 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
| 21 Jan 2008 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
| 30 Oct 2007 | Price move | – | Between two trading sessions the price moved by a fifth or more. The company's board met on results that day or since the trading day before. Not adjusted for. |
Company details
- NSE symbol
- MRPL
- BSE code
- 500109
- ISIN
- INE103A01014
- Industry
- Petroleum Products
- Website
- www.mrpl.co.in
- CIN
- L19200KA1988GOI008959
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1988
- Registered office
- Kuthethoor P. O. Via Katipalla, Mangalore 575030, Karnataka
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments