Mangalore Refinery And Petrochemicals Ltd Share Price (MRPL)

Mangalore Refinery and Petrochemicals Ltd's ROCE Outpaces Industry Average - 30 Mar, 2024

MRPL has an impressive ROCE of 38%, outpacing the industry average of 15%. Returns on capital have increased substantially over the last five years, with investors recognizing these changes as the stock returned a staggering 211% to shareholders.

Director Vacates Office at Mangalore Refinery and Petrochemicals Ltd - 26 Mar, 2024

Independent Director Cheruvally Nivedida Subramanian has resigned from her position at Mangalore Refinery and Petrochemicals Ltd due to a conflicting commitment as a BJP candidate for the upcoming parliamentary elections in Ponnani, Kerala.

MRPL Acquires 27.92% Stake in Mangalore SEZ Ltd - 22 Mar, 2024

Mangalore Refinery and Petrochemicals Limited (MRPL) has acquired a 27.92% equity stake in Mangalore SEZ Ltd (MSEZ) from IL&FS for Rs 47.18 crore, increasing its stake from 0.96%. MSEZ is a joint venture of ONGC, IL&FS, Karnataka Industrial Area Development Board, MRPL, and Kanara Chamber of Commerce and Industry.

MRPL Stock Increases by 3.54% and Gives Multi-Bagger Returns - 16 Mar, 2024

Mangalore Refinery And Petrochemicals Ltd (MRPL) stock closed at Rs 215.25 per share, increasing around 3.54 percent compared to the previous closing price. The stock has given a multi-bagger return of 128.21 percent over the previous six months and 275.98 percent in a year. MRPL's Q3FY24 revenue stood at Rs 24,677 crore, with a net profit of Rs 387 crore.

Yes Securities Upgrades Mangalore Refinery and Petrochemicals to Buy Rating - 15 Mar, 2024

Yes Securities has upgraded Mangalore Refinery and Petrochemicals Ltd. to a Buy rating with an unchanged target price of Rs 257 following a recent stock price correction. The stock trades at attractive valuations, with low debt-to-equity ratios and high book value per share. A $1/barrel change in GRM changes MRPL's Ebitda by Rs 9.8 billion.

Mangalore Refinery and Petrochemicals Ltd has a high ROE but uses significant debt - 12 Mar, 2024

MRPL's return on equity (ROE) of 37% is higher than the industry average, but it uses a high amount of debt to boost returns. The company's debt to equity ratio of 1.19 brings extra risk, making it worthwhile only if MRPL generates decent returns from it.

MRPL Receives First Cargo of Indigenous Crude Oil from ONGC's 98/2 Block - 10 Mar, 2024

Mangalore Refinery and Petrochemicals Ltd (MRPL) has received the first cargo of sweet indigenous crude oil from ONGC's 98/2 block. The low-sulphur crude will be refined into various fuels and petrochemicals at MRPL, contributing to India's self-reliance mission. MRPL has an annual refining capacity of 15 million tonnes.

MRPL Receives First Cargo of Newly Explored Crude Oil - 09 Mar, 2024

Mangalore Refinery and Petrochemicals Ltd (MRPL) received the first cargo of ONGC's newly explored crude oil named KG 98/2. This sweet indigenous crude is set to be processed into various fuels and petrochemicals at MRPL, contributing to India's self-reliance mission.