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Mangalore Refinery & Petrochemicals Stock Fundamental Analysis - Financial Results & Equity Research | Investyadnya Stock-o-Meter

Mangalore Refinery And Petrochemicals

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Relaince Group

Sector: Refineries

Market Price

2,529.50

Market Cap(₹Cr.)

2,529.50

-90.00

Quarterly Results ( Figures in Rs. Crores.)

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Overview

Mangalore Refinery and Petrochemicals Limited (MRPL) is Category 1 Miniratna Central Public Sector Enterprise (CPSE) under the Ministry of Petroleum & Natural Gas. MRPL is located in a beautiful hilly terrain, north of Mangaluru city, in Dakshina Kannada District of Karnataka State (India). Refinery has got a versatile design with complex secondary processing units and a high flexibility to process Crudes of various API, delivering a variety of quality products.

MRPL, with its parent company Oil and Natural Gas Corporation Limited (ONGC), owns and operates ONGC Mangalore Petrochemicals Limited (OMPL), OMPL, situated in the adjacent Mangalore Special Economic Zone ( MSEZ), is integrated with the refinery operations. Para Xylene and Benzene products from OMPL are sold in the export market.

Shell MRPL Aviation Fuels and Services Limited (SMA) is a 50:50 joint venture between MRPL and Shell Gas B.V. (Shell), a step down subsidiary of Royal Dutch Shell Plc, Netherlands markets aviation turbine fuel (ATF) to airlines, both domestic as well as International carriers. SMA currently procures ATF from MRPL Refinery Complex and supplies at various airports like Bengaluru, Goa, Mangalore, Hyderabad, Chennai, Calicut, Madurai, Trichy, Coimbatore, Kannur etc. SMA enable Indian carriers fuelling requirement across International Airports.

Business area of the company

The Company is engaged in the business of refining of crude oil. The Company is a subsidiary of Oil and Natural Gas Corporation Limited which holds 71.63% equity shares.

Products and services:

Retail Sales
Retail Sale Price
Consumer Sale
Petrochemicals Sale
Awards and Recognition
FY 2011-12
State Gold award for excellence in exports (Non-SSI) for 2000-2001
Conferred Star Trading House status on September 21, 2001.
‘Certificate of Merit’ for Energy conservation performance in 2001, by Ministry of Power
State Gold award for excellence in exports (Non -SSI) for 2001-2002
IS0 14001:2004 certification by TUV Rheinland.
Export award from Kanara Chamber of Commerce for 2002-2003.
ISO:9002 certification on December 1999 and was re-certified ISO 9001:2008.
Oil Conservation Award from Ministry of Petroleum and Natural Gas on January 31, 2003.
FY2012-13
MRPL has been upgraded from Schedule ‘B’ to Schedule ‘A’ company.
MRPL has bagged the coveted Petrofed Award, 2012 “Refinery of the Year” for the commendable performance in production and operational efficiencies while meeting the norms of health, safety and environment protection.
MRPL has won “Export Excellence Award, 2013” in Best Manufacturer - Exporter - large category- Gold by Federation of Karnataka Chamber of Commerce and Industry.
MRPL was conferred “State Export Excellence Award” for 2010-11 & 2009-10 Medium/Large category - - Gold by Government of Karnataka.
MRPL has been rated “Excellent” in performance as per the MoU signed with ONGC for the year 2011-12 and 2012-13 (provisional).
Managing Director, MRPL has won the “CEO with HR Orientation Award” in the Global HR Excellence Awards presented by Institute of Public Enterprise, Hyderabad.
MRPL was conferred with “BT-Star PSU Excellence Award, 2013” in Human Resource Management category (Miniratna /others).
MRPL was awarded First Prize for outstanding performance in the area on Hindi Implementation for two consecutive years 2011-12 and 2012-13 by the Town Official Language Implementation Committee, Mangalore
FY2013-14
Won the coveted Petrofed Award “Refinery of the Year-2012” for its commendable performance in production and operational efficiencies while adhering to the norms of health, safety and environment protection.
Won the “Refinery of the Year” from Petrofed for the year 2011-12 for leading performance in production and operational efficiencies while meeting the norms of Health, Safety and Environment protection.
Won the “Export Excellence Award, 2013” in Best Manufacturer / Exporter (large category) - Gold from the Federation of Karnataka Chamber of Commerce and Industry (FKCCI).
Secured the first prize for outstanding performance in the area of Hindi Implementation for the year 2012-13 by Town Official Language Committee(TOLIC), Mangalore.
Secured the first prize in the Jawaharlal Nehru Centenary Awards for energy performance for the year 2011-12 & 2012-13 under the Refineries category having complexity of 6.0.
Secured the first prize in the OGCF-2012 awards for Furnace/Boiler efficiency having heat duty more than 1000MM Kcal/hr.
Won the “State Export Excellence Award” for 2012-13 & 2011-12 Medium/ Large category - Gold & Platinum respectively by Government of Karnataka.
Won the award for “Best Fuel efficient Boiler operation” by the Department of Factories and Boilers on the occasion of 43rd National Safety Day celebration.
FY2014-15
Won the “Export Excellence Award, 2014” in Best Exporter Award (Medium/large category) from the Federation of Karnataka Chamber of Commerce and Industry (FKCCI) for FY 2013-14
Won the Silver at “Niryat Shree Award -2014” in the residual sector of the MSME at FIEO (Federation of Indian Export Organisation).
MRPL has conferred the prestigious “Skoch Foundation Order - of-Merit Award” for the best project in the country.
Shri Vishnu Agrawal, Director Finance of MRPL was adjudged winner of the ‘BT-STAR Excellence Award in the category PSU- small,- DIRECTOR-FINANCE OF THE YEAR’ post a rigorous evaluation process by the Jury of the BT-Star Excellence Awards 2015.
MRPL won the first prize for outstanding performance in the area of Hindi Implementation for the year 2014-15 for fourth consecutive year by TOLIC, Mangalore.
FY2015-16
On 22nd January 2016 Shri H. Kumar, Managing Director MRPL was conferred with the “Shrada- Top Rankers award (ICONIC TURN AROUND)” at the 17th National Management Summit on “Global Corporate battle – Raising the Performance Bar', at New Delhi.
FY2018-19
Srishti Good Green Governance Award
BML Munjal award
Platinum Trophy at 18th Annual Green tech Environment Award
SCOPE CC Excellence Award -2nd prize for ‘Best In-house Journal - English
MRPL bags “Fieldcomm Group 2018 Plant of the Year” Global Award
FY2019-20
Dun & Bradstreet PSU Award for being the Best Miniratna in ‘Manufacturing, Processing and Generation’ category
19th Annual Greentech Award 2019
FY2020-21
MRPL won Silver Medal IGMC award
Prestigious Patent Awarded to MRPL
MRPL has Awarded a Patent for “OXIDATIVE TREATMENT OF REFINERY SPENT CAUSTIC”
MRPL bagged Corporate Communication Awards for Covid contribution
MRPL Bagged Corporate Communication Award For Best Event Management

MRPL stands for Mangalore Refinery and Petrochemicals Ltd. MRPL laid its roots in 1988 in Katipalla, north Mangalore. In broader terms, MRPL is an oil refinery and is a subsidiary of Oil and Natural Gas Corporation (ONGC). Offering high degrees of automation, MRPL processes crude oil of different grades and for various uses through its promising plants and machinery. Offering you a wide variety and versatility in every fuel, MRPL indeed stands firm when it comes to services. It processes around 14.65 million tonnes of crude per year, with current revenue standing strong at ₹60,062.02 crores (US$8.4 billion) in 2020. MRPL is efficient in their work while practising efficiency at every step and has been awarded quite a few times for this vision.


MRPL exhibits potential development and growth every year and is an excellent example of progress. It is one of the largest oil refineries in INDIA. With the help of modern technologies, they are expanding their horizons with coming times. When MRPL started in 1988, its capacity was 3.69 million metric tonnes per annum which have now expanded almost five times to whooping 15 million metric tonnes per annum. It is the only refinery in India to have two hydrocrackers units and two CCR's producing premium quality fuel. 

MRPL is listed on both the Bombay stock exchange and National Stock Exchange.

MERGERS AND ACQUISITIONS

Before 2003 March, MRPL was acquired by Hindustan Petroleum Corporation Limited (HPCL), a public sector company, IRIL & associates (A.V. Birla Group). It was a joint venture back then, but on 28th March 2003, ONGC took over A.V. Birla Group's stake and further invested funds of ₹600 crores making MRPL a majority-held subsidiary ONGC.


ONGC acquired 71.63% shares of MRPL as of June 2020, making it the parent. From the remaining MRPL shares, 19.65% are owned by Hindustan Petrochemical Ltd (HPCL), with which MRPL joined alliances and merged on 30th August 2018 by approval from ONGC.  


MRPL also holds a joint venture with Shell Gas B.V. (Shell), known as Shell MRPL Aviation Fuels and Services Limited (SMA). They market aviation turbine fuel (ATF) to airlines, both domestic as well as international carriers.

SERVICES

Mangalore refinery and petrochemicals deal in products of crude oil. It has various processing units like Primary, secondary, and Treating units. They produce multiple products from crude oil like

Bitumen
Furnace Oil
High-speed Diesel
Motor Gasoline- ( Metro Spirit, Petrol, Gasoline)
Xylol (Xylenes)
Naphtha
Petcoke
Sulphur
Liquified Petroleum Gas (Lpg)
Aviation Turbine Fuel

MRPL is a leader when it comes to lubricants.

Apart from these products, they have an excellent department of research and development which carries out duties like raw material analysis, weather monitoring, utility sample analysis, investigation and failure analysis, etc. 

MILESTONES & ACHIEVEMENTS

MRPL has bagged many awards and reached many milestones in its long journey of petrochemical refining, research, and other areas. Here are some of the insights on one of India's leading refineries MRPL.

Oil Conservation Award from Ministry of Petroleum and Natural Gas on January 31st, 2003.
It was declared as MINI RATNA (mini jewel) by the Government of India in 2007.
Won the Refinery of the Year from Petrofed for the year 2011-12
Upgraded to Schedule ‘A’ CPSEs from Schedule “B” with effect from 04/07/2013 by the Department of Public Enterprises, making it eligible for achieving the NAVARATNA status.
19th annual GREENTECH award 2019.
Unnatha Suraksha Puraskar from NATIONAL SAFETY COUNCIL in 2019.
WON SILVER MEDAL- INDIAN GREEN MANUFACTURING CHALLENGE AWARD for tenure 2020-21.
PRESTIGIOUS PATENT AWARD for tenure 2020-21.
PSU Award for being the Best Miniratna in Manufacturing, Processing, and Generation category.
Platinum Trophy- 18th Annual Greentech Environment Award.

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We also provide our clients with the MRPL annual report to understand the company’s financial position before making any investment decisions. The MRPL quarterly results offer a summary of how the company incurs revenues & expenses. 

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A comparative analysis of the Crude Oil Sector is available on the website. It helps to analyse the company's competitive position and its operating results over a specific period. It gives an investor a sense of whether the company is growing, stable or deteriorating. This helps the investors to make a viable investment decision.

Invest Yadnya offers numerous resources on Mangalore Refinery and Petrochemicals. With the available financials, price chart, ratios, etc., get a detailed report on Mangalore Refinery and Petrochemicals. With Invest Yadnya’s available resources, get an overview of the company, both from the qualitative and financial perspective. With this MRPL stock fundamental analysis, the investors shall make a viable investment decision depending on your risk profile & other economic factors.

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To find the MRPL performance analysis & Mangalore Refinery share price, subscribe to our Equity Research and Stock Fundamental Analysis Tool, Stock-O-Meter.

Our website has information about 12 other crude oil companies that give insight into the company’s financials. Companies include Reliance Industries, Oil & Natural Gas Corporation, Bharat Petroleum Corporation, Indian Oil Corporation, Hindustan Petroleum Corporation & many more.

Brands Of Mangalore Refinery And Petrochemicals

Brands Of Mangalore Refinery And Petrochemicals

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