Mangalore Refinery and Petrochemicals logo

Mangalore Refinery and Petrochemicals share price

NSE: MRPLBSE: 500109Petroleum ProductsSmall Cap

Mangalore Refinery and Petrochemicals Limited · Face value ₹10 · Listed Oct 1992 on BSE, Jan 2005 on NSE
Last close ₹173.24up ₹0.34 (0.20%)BSE ₹173.40

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

52-week range of traded prices to 29 Oct 2026
₹136.02Low, 12 Jan 2026₹212.31High, 6 Mar 2026
Market cap
₹30,362 Cr267th largest listed
P/E
6.88
P/B
1.78
Dividend yield
4.04%
ROE
29.1%
ROCE
28.8%
Debt to equity
0.54
Volume, NSE
73,82,80020.4% delivered

Mangalore Refinery and Petrochemicals share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

+8.7%over a year · Nifty Smallcap 100 +1.8% · Nifty 500 −8.4%

ResultsDividend20-session average 2,08,85,720 shares a day, 22.1% 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

  • MRPL's exports were 28.43% of its total turnover in the year to Mar 2026, and it served customers in 22 countries and in 18 states and 4 union territories of India.19
  • On a standalone basis, MRPL's exports were ₹29,880 crore in the year to Mar 2026, against ₹36,466 crore a year earlier.20

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. 1. Annual report, 23 Jul 2026, page 271
  2. 2. Annual report, 23 Jul 2026, page 71
  3. 3. Annual report, 23 Jul 2026, page 111
  4. 4. Annual report, 23 Jul 2026, page 22
  5. 5. Annual report, 23 Jul 2026, page 328
  6. 6. Annual report, 23 Jul 2026, page 69
  7. 7. Annual report, 23 Jul 2026, page 54
  8. 8. Annual report, 23 Jul 2026, page 72
  9. 9. Annual report, 23 Jul 2026, page 360
  10. 10. Annual report, 23 Jul 2026, page 363
  11. 11. Annual report, 23 Jul 2026, page 1
  12. 12. Annual report, 23 Jul 2026, page 257
  13. 13. Annual report, 23 Jul 2026, page 100
  14. 14. Exchange filing, 15 Jul 2026, page 3
  15. 15. Exchange filing, 15 Jul 2026, page 4
  16. 16. Exchange filing, 15 Jul 2026, page 4
  17. 17. Annual report, 23 Jul 2026, page 8
  18. 18. Annual report, 23 Jul 2026, page 8
  19. 19. Annual report, 23 Jul 2026, page 111
  20. 20. Annual report, 23 Jul 2026, page 8
  21. 21. Annual report, 23 Jul 2026, page 8
  22. 22. Annual report, 23 Jul 2026, page 22
  23. 23. Annual report, 23 Jul 2026, page 69
  24. 24. Annual report, 23 Jul 2026, page 69
  25. 25. Annual report, 23 Jul 2026, page 23
  26. 26. Annual report, 23 Jul 2026, page 8
  27. 27. Annual report, 23 Jul 2026, page 328
  28. 28. Annual report, 23 Jul 2026, page 363
  29. 29. Annual report, 23 Jul 2026, page 23
  30. 30. Annual report, 23 Jul 2026, page 26
  31. 31. Annual report, 23 Jul 2026, page 26
  32. 32. Annual report, 23 Jul 2026, page 341
  33. 33. Exchange filing, 8 Oct 2026, page 1
  34. 34. Exchange filing, 29 Sep 2026, page 1
  35. 35. Exchange filing, 19 May 2026, page 1
  36. 36. Exchange filing, 19 May 2026, page 2
  37. 37. Exchange filing, 14 May 2026, page 2
  38. 38. Exchange filing, 14 May 2026, page 2
  39. 39. Annual report, 23 Jul 2026, page 341
  40. 40. Annual report, 23 Jul 2026, page 257
  41. 41. Exchange filing, 15 Jul 2026, page 4
Revenue growth, 12 months
+35.2%
Net profit growth, 12 months
+327.4%

Quarter to Sep 2026, against the quarter before

Revenue
₹35,590 Crdown 14.46%
Net profit
₹1,901 Crup 100.99%
Net margin
5.3%

Revenue by quarter

₹25,601 CrDec 24₹27,601 CrMar 25₹20,988 CrJun 25₹25,953 CrSep 25₹29,720 CrDec 25₹28,493 CrMar 26₹41,609 CrJun 26₹35,590 CrSep 26
Peak revenue ₹41,609 Cr, quarter to Jun 2026; lowest ₹20,988 Cr, quarter to Jun 2025

Net profit by quarter, a loss in red

  • Net profit
  • Loss
₹309 CrDec 24₹371 CrMar 25−₹271 CrJun 25₹627 CrSep 25₹1,451 CrDec 25₹117 CrMar 26₹946 CrJun 26₹1,901 CrSep 26
A loss in 1 of the 8 quarters shown
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue25,60127,60120,98825,95329,72028,49341,60935,590
Net profit309371−2716271,4511179461,901
Net margin1.2%1.3%−1.3%2.4%4.9%0.4%2.3%5.3%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

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

Price to earnings

At or below today's level on 32% of 1,802 trading days over the last 10 years.

LowestHighest
Its median10.88Industry median12.70
Price to book

At or below today's level on 53% of 1,972 trading days since Nov 2018.

LowestHighest
Its median1.74Industry median1.66
Dividend yield

At or below today's level on 85% of 2,479 trading days over the last 10 years.

LowestHighest
Its median0.00%Industry median4.10%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend 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%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Mangalore Refinery and Petrochemicals shareholding pattern

Shareholding by group

  • Promoters88.58%
  • Foreign institutions2.45%
  • Indian institutions0.54%
  • Individuals and others8.43%
Holder
Oil and Natural Gas Corporation LtdPromoter71.63%
Hindustan Petroleum Corporation LimitedPromoter16.96%
Investor Education and Protection Fund Authority Ministry of Corporate AffairsInvestor education fund1.38%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions +0.28 pts, Indian institutions +0.15 pts, mutual funds +0.06 pts.

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 again
1
Added
13
Cut
32
Held unchanged
4
Sold out
1
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

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

Return on equity across, P/E up, size is market cap
Company
Reliance Industries logoReliance IndustriesRELIANCE15,79,78921.141.75+14.7%−8.3%8.6%8.5%0.51%
Indian Oil Corporation logoIndian Oil CorporationIOC1,84,1555.470.84+11.6%+99.3%16.6%13.8%6.33%
Bharat Petroleum Corporation logoBharat Petroleum CorporationBPCL1,25,4707.941.24+16.5%−25.6%16.2%12.1%6.05%
Chennai Petroleum Corporation logoChennai Petroleum CorporationCHENNPETRO22,5123.951.66+21.8%+387.4%50.9%48.4%4.10%
Rajasthan Securities logoRajasthan SecuritiesRAJSEC4626.953.95–+298.7%87.1%21.1%0.00%
Kotyark Industries logoKotyark IndustriesKOTYARK42319.002.29––13.3%–1.21%
Rajputana Biodiesel logoRajputana BiodieselRAJPUTANA13412.702.68+81.3%+77.7%23.2%–0.00%
Resgen logoResgenRESGEN989.651.45––15.0%–0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

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

3Mar 181Mar 19Mar 20Mar 21Mar 22Mar 233Mar 24Mar 254Mar 263Mar 27so far
Highest ₹4.00 a share, year to Mar 2026.
Ex-dateTypePer share
21 Oct 2026Interim₹3.00
11 Mar 2026Interim₹4.00
9 Aug 2024Final₹2.00
2 Feb 2024Interim₹1.00
30 May 2019Final₹1.00
28 Jun 2018Final₹3.00
Latest payments, as declared, by ex-date.

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

YearClose at year endChangeHighest closeLowest close
2025152.03+2.4%183.52101.40
2024148.41+11.5%286.10129.55
2023133.15+137.3%133.2049.85
202256.10+30.2%120.6537.35
202143.10+21.6%55.3534.10
202035.45−21.1%47.9522.30
201944.95−40.5%75.0540.70
201875.50−41.4%133.7063.45
2017128.85+31.2%142.3597.70
201698.20+44.7%104.5054.30
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
28 Oct 2026186.75190.72171.53172.90174.642,63,22,40322.5%
27 Oct 2026180.50190.30179.38189.44186.963,23,92,44115.7%
26 Oct 2026161.00185.00159.00182.61179.1311,39,92,4348.8%
23 Oct 2026166.00167.00160.58162.25162.9361,11,82821.2%
22 Oct 2026167.25168.00163.11165.94164.8862,09,37817.1%
21 Oct 2026173.00174.09166.64167.52169.5461,27,95928.9%
19 Oct 2026173.41177.34172.50173.72174.0294,87,15421.7%
16 Oct 2026176.00176.50169.50172.71172.291,39,84,49523.7%
15 Oct 2026189.60191.49171.20174.79177.055,66,46,75614.7%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
22 Jan 2008Price 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 2008Price 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 2007Price 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.
Each event is noted and not adjusted for.

Company details

Chairperson
ARUN KUMAR SINGH
At the end of the quarter to Sep 2026
Managing director and CEO
MUNDKUR SHYAMPRASAD KAMATH
At the end of the quarter to Sep 2026
NSE symbol
MRPL
BSE code
500109
ISIN
INE103A01014
Industry
Petroleum Products
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