NSEI:MRPL

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Mangalore Refinery and Petrochemicals

Executive Summary

Mangalore Refinery and Petrochemicals Limited manufactures and sells refined petroleum products in India.


Snowflake Analysis

Overvalued with weak fundamentals.


Similar Companies

Share Price & News

How has Mangalore Refinery and Petrochemicals's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MRPL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.2%

MRPL

3.6%

IN Oil and Gas

2.9%

IN Market


1 Year Return

-38.9%

MRPL

8.1%

IN Oil and Gas

-4.9%

IN Market

Return vs Industry: MRPL underperformed the Indian Oil and Gas industry which returned 8.1% over the past year.

Return vs Market: MRPL underperformed the Indian Market which returned -4.9% over the past year.


Shareholder returns

MRPLIndustryMarket
7 Day-1.2%3.6%2.9%
30 Day11.0%9.0%5.8%
90 Day41.8%33.7%18.5%
1 Year-38.9%-38.9%12.6%8.1%-3.0%-4.9%
3 Year-67.9%-70.9%41.1%26.1%1.5%-3.3%
5 Year-48.3%-53.1%79.1%46.5%26.8%17.0%

Price Volatility Vs. Market

How volatile is Mangalore Refinery and Petrochemicals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Mangalore Refinery and Petrochemicals undervalued compared to its fair value and its price relative to the market?

0.95x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MRPL's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MRPL's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MRPL is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: MRPL is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MRPL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MRPL is good value based on its PB Ratio (0.9x) compared to the IN Oil and Gas industry average (1x).


Next Steps

Future Growth

How is Mangalore Refinery and Petrochemicals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.7%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mangalore Refinery and Petrochemicals has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Mangalore Refinery and Petrochemicals performed over the past 5 years?

-24.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MRPL is currently unprofitable.

Growing Profit Margin: MRPL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MRPL is unprofitable, and losses have increased over the past 5 years at a rate of -24.4% per year.

Accelerating Growth: Unable to compare MRPL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MRPL is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-12.3%).


Return on Equity

High ROE: MRPL has a negative Return on Equity (-57.02%), as it is currently unprofitable.


Next Steps

Financial Health

How is Mangalore Refinery and Petrochemicals's financial position?


Financial Position Analysis

Short Term Liabilities: MRPL's short term assets (₹59.6B) do not cover its short term liabilities (₹105.0B).

Long Term Liabilities: MRPL's short term assets (₹59.6B) do not cover its long term liabilities (₹130.6B).


Debt to Equity History and Analysis

Debt Level: MRPL's debt to equity ratio (261.7%) is considered high.

Reducing Debt: MRPL's debt to equity ratio has increased from 249.4% to 261.7% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MRPL has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MRPL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 33.1% each year


Next Steps

Dividend

What is Mangalore Refinery and Petrochemicals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MRPL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MRPL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MRPL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MRPL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MRPL is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MRPL's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure


CEO

Venky Venkatesh (55yo)

2.08yrs

Tenure

₹6,852,000

Compensation

Mr. M. Venkatesh, also known as Venky, has been Managing Director and Chief Executive Officer of Mangalore Refinery and Petrochemicals Limited since June 1, 2018 and also has been its Director since April  ...


CEO Compensation Analysis

Compensation vs Market: Venky's total compensation ($USD91.39K) is below average for companies of similar size in the Indian market ($USD369.46K).

Compensation vs Earnings: Venky's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
M. Venkatesh
MD, CEO & Director2.08yrs₹6.85mno data
Ravi Prasad
Chief Financial Officer1.42yrs₹7.31mno data
Dinesh Mishra
Company Secretaryno data₹4.90mno data
Pomila Jaspal
CFO & Director0.75yrno datano data
Vijay Bhatnagar
Group General Manager of Markrting & BDno datano datano data
Rajeev Kushwah
Chief Vigilance Officer3.25yrsno datano data
Sanjay Varma
Director of Refinery & Director0.50yrno datano data
Puneet Jain
Deputy Company Secretaryno datano datano data

1.4yrs

Average Tenure

Experienced Management: MRPL's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
M. Venkatesh
MD, CEO & Director2.08yrs₹6.85mno data
Pomila Jaspal
CFO & Director0.75yrno datano data
Sanjay Varma
Director of Refinery & Director0.50yrno datano data
Vinod Shenoy
Non-Executive Director3.67yrsno datano data
Shashi Shanker
Chairman2.75yrsno datano data
Subhash Kumar
Additional Director2.17yrsno datano data
Balbir Singh
Independent Non-Executive Director2.83yrs₹1.18mno data
Sewa Ram
Independent Non-Executive Director2.83yrs₹1.15mno data
V. Haran
Independent Non-Executive Director2.83yrs₹1.24mno data
G. Patel
Independent Non-Executive Director2.83yrs₹1.15mno data

2.8yrs

Average Tenure

58yo

Average Age

Experienced Board: MRPL's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Mangalore Refinery and Petrochemicals Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mangalore Refinery and Petrochemicals Limited
  • Ticker: MRPL
  • Exchange: NSEI
  • Founded: 1988
  • Industry: Oil and Gas Refining and Marketing
  • Sector: Energy
  • Market Cap: ₹65.460b
  • Shares outstanding: 1.75b
  • Website: https://www.mrpl.co.in

Number of Employees


Location

  • Mangalore Refinery and Petrochemicals Limited
  • Mudapadav
  • Post Kuthethoor
  • Mangalore
  • Karnataka
  • 575030
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500109BSE (Mumbai Stock Exchange)YesEquity SharesININRMar 2000
MRPLNSEI (National Stock Exchange of India)YesEquity SharesININRMar 2000

Biography

Mangalore Refinery and Petrochemicals Limited manufactures and sells refined petroleum products in India. The company produces and sells hydrogen, liquefied petroleum gas, fuel gas, motor spirit, mixed xylene, naphtha, SKO, high speed diesel, aviation turbine fuel, VGO, furnace oil, asphalt, CRMB, LSWR, LSFO, sulphur, and pet coke, as well as bitumen, polypropylene, and other products. It also operates seven retail outlets. The company serves mining, construction, power, agriculture, fertilizer, and paint industries. Mangalore Refinery and Petrochemicals Limited also exports its products. The company was founded in 1988 and is based in Mangalore, India. Mangalore Refinery and Petrochemicals Limited is a subsidiary of Oil and Natural Gas Corporation Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/09 12:48
End of Day Share Price2020/07/09 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.