Mangalore Refinery & Petrochemicals Ltd.

MRPLEnergy filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

3 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (1 of 3 documents here); elsewhere sentences render unattributed.

Kind	Date	Period	Served
TRANSCRIPT	20240509	2023-03-31	yes
TRANSCRIPT	20250430	2025-03-31	yes
TRANSCRIPT	20250724	2025-06-30	yes
TRANSCRIPT	20251024	2025-09-30	yes
TRANSCRIPT	20260123	2025-12-31	yes

MRPL

files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity


Statement division	general
Scope served	consolidated
Panels on this page	4

Market

No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.


Last close	164.49
52-week range	127.39 – 206.77
Return 1M	-4.28%
Return 3M	6.86%
Return 1Y	29.05%
Return 3Y	76.68%
Return 5Y	269.64%
Market capitalisation	not shown — we could not confirm it
Shares outstanding	not shown — we could not confirm it
P/E	not shown — we could not confirm it
P/B	not shown — we could not confirm it
EV/EBITDA	not shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.


Revenue from operations	41,609.00
Other income	71.00
Total income	41,680.00
Cost of materials consumed	35,242.00
Purchases of stock-in-trade	5.00
Changes in inventories	455.00
Employee benefit expense	177.00
Finance costs	244.00

Ownership — 2026-06-30, and the change from 2026-03-31

Holder	Per cent	Change
promoter and promoter group	0.89	0.00
institutions foreign	0.02	-0.01
institutions domestic	0.00	0.00
mutual funds	0.00	0.00
public	0.11	0.00

Documents on file

Class	Most recent	On file
TRANSCRIPT	2025-12-31	5

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line	2022-06-30	2022-09-30	2022-12-31	2023-03-31	2023-06-30	2023-09-30	2023-12-31	2024-03-31	2024-06-30	2024-09-30	2024-12-31	2025-06-30	2025-09-30	2025-12-31	2026-03-31	2026-06-30
Revenue from operations	35,915.00	28,453.00	30,966.00	29,401.00	24,833.00	22,844.00	28,383.00	29,190.00	27,289.00	28,786.00	25,601.00	20,988.00	25,953.00	29,720.00	28,493.00	41,609.00
Other income	37.00	25.00	42.00	86.00	52.00	61.00	40.00	39.00	45.00	37.00	33.00	38.00	61.00	39.00	59.00	71.00
Total income	35,952.00	28,478.00	31,008.00	29,488.00	24,884.00	22,905.00	28,423.00	29,229.00	27,334.00	28,823.00	25,634.00	21,026.00	26,014.00	29,759.00	28,552.00	41,680.00
Cost of materials consumed	27,227.00	25,129.00	24,495.00	20,533.00	19,687.00	15,618.00	23,357.00	22,128.00	23,195.00	22,539.00	20,938.00	15,175.00	20,551.00	20,394.00	22,802.00	35,242.00
Purchases of stock-in-trade	1.00	1.00	1.00	2.00	1.00	1.00	1.00	1.00	1.00	3.00	3.00	7.00	5.00	5.00	5.00	5.00
Changes in inventories	-864.00	489.00	957.00	698.00	-1,294.00	412.00	-150.00	-69.00	-1,312.00	2,160.00	-960.00	1,202.00	-481.00	655.00	-2,262.00	455.00
Employee benefit expense	175.00	122.00	153.00	248.00	149.00	160.00	163.00	300.00	167.00	169.00	170.00	174.00	174.00	184.00	306.00	177.00
Finance costs	302.00	315.00	338.00	330.00	267.00	311.00	274.00	262.00	214.00	285.00	264.00	257.00	219.00	219.00	212.00	244.00
Depreciation and amortisation	296.00	297.00	298.00	296.00	294.00	296.00	334.00	333.00	335.00	342.00	332.00	363.00	371.00	391.00	395.00	401.00
Other expenses	4,663.00	4,706.00	5,072.00	4,431.00	4,220.00	4,515.00	3,853.00	4,499.00	4,633.00	4,389.00	4,419.00	4,250.00	4,216.00	5,697.00	5,859.00	4,412.00
Total expenses	31,799.00	31,060.00	31,314.00	26,538.00	23,326.00	21,313.00	27,832.00	27,455.00	27,234.00	29,887.00	25,165.00	21,429.00	25,055.00	27,545.00	27,317.00	40,937.00
Profit before exceptional items and tax	4,153.00	-2,582.00	-306.00	2,950.00	1,559.00	1,592.00	591.00	1,774.00	101.00	-1,064.00	469.00	-403.00	960.00	2,214.00	1,236.00	743.00
Exceptional items	0.00	0.00	2.00	0.00	0.00	0.00	0.00	-8.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	472.00
Profit before tax	4,153.00	-2,582.00	-303.00	2,950.00	1,559.00	1,592.00	591.00	1,766.00	101.00	-1,064.00	469.00	-403.00	960.00	2,214.00	1,236.00	1,215.00
Current tax	726.00	-450.00	-50.00	517.00	272.00	281.00	103.00	309.00	17.00	-17.00	0.00	0.00	97.00	386.00	223.00	236.00
Deferred tax	720.00	-337.00	-50.00	525.00	274.00	266.00	101.00	320.00	18.00	-342.00	165.00	-131.00	239.00	384.00	894.00	64.00
Tax expense	1,445.00	-786.00	-101.00	1,042.00	546.00	546.00	204.00	629.00	35.00	-359.00	165.00	-131.00	336.00	769.00	1,116.00	300.00
Profit for the period	2,716.00	-1,779.00	-195.00	1,913.00	1,015.00	1,052.00	392.00	1,138.00	73.00	-697.00	309.00	-271.00	627.00	1,451.00	117.00	946.00
Profit attributable to owners	0.00	0.00	0.00	1,913.00	—	1,052.00	392.00	1,138.00	73.00	-697.00	309.00	-271.00	624.00	1,451.00	117.00	946.00
Profit attributable to non-controlling interests	0.00	0.00	0.00	0.00	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other comprehensive income	1.00	1.00	1.00	-4.00	-0.00	-0.00	-0.00	-4.00	-1.00	-1.00	-1.00	-4.00	-5.00	-5.00	16.00	-3.00
Total comprehensive income	2,717.00	-1,778.00	-194.00	1,910.00	1,015.00	1,051.00	392.00	1,134.00	72.00	-698.00	308.00	-275.00	623.00	1,446.00	133.00	943.00
Earnings per share, basic	15.50	-10.15	-1.11	10.92	5.79	6.00	2.24	6.50	0.42	-3.98	1.76	-1.54	3.58	8.28	0.67	5.40
Earnings per share, diluted	15.50	-10.15	-1.11	10.92	5.79	6.00	2.24	6.50	0.42	-3.98	1.76	-1.54	3.58	8.28	0.67	5.40

Annual results, as filed

Line	2020-03-31	2021-03-31	2022-03-31	2023-03-31	2024-03-31	2026-03-31
Revenue from operations	59,980.00	50,895.00	86,064.00	124,736.00	105,223.00	105,155.00
Other income	82.00	97.00	98.00	190.00	192.00	198.00
Total income	60,062.00	50,992.00	86,162.00	124,926.00	105,415.00	105,354.00
Cost of materials consumed	46,167.00	29,160.00	63,599.00	97,384.00	80,791.00	78,923.00
Purchases of stock-in-trade	3,352.00	1,193.00	1.00	5.00	5.00	21.00
Changes in inventories	1,260.00	-1,254.00	-1,373.00	1,280.00	-1,075.00	-886.00
Employee benefit expense	500.00	576.00	698.00	698.00	772.00	838.00
Finance costs	1,241.00	554.00	1,207.00	1,285.00	1,114.00	907.00
Depreciation and amortisation	1,086.00	1,158.00	1,088.00	1,187.00	1,257.00	1,520.00
Other expenses	11,856.00	20,523.00	18,209.00	18,873.00	17,036.00	20,024.00
Total expenses	65,462.00	51,911.00	83,428.00	120,711.00	99,899.00	101,347.00
Profit before exceptional items and tax	-5,400.00	-919.00	2,734.00	4,215.00	5,516.00	4,007.00
Exceptional items	0.00	0.00	-30.00	2.00	-8.00	0.00
Profit before tax	-5,400.00	-919.00	2,704.00	4,217.00	5,508.00	4,007.00
Current tax	104.00	-1.00	477.00	743.00	964.00	706.00
Deferred tax	-1,463.00	-153.00	-724.00	858.00	961.00	1,385.00
Tax expense	-1,359.00	-154.00	-247.00	1,600.00	1,925.00	2,090.00
Profit for the period	-4,039.00	-765.00	2,958.00	2,655.00	3,597.00	1,925.00
Profit attributable to owners	-3,353.00	-568.00	2,958.00	2,655.00	3,597.00	1,925.00
Profit attributable to non-controlling interests	-686.00	-197.00	0.00	0.00	0.00	0.00
Other comprehensive income	-9.00	2.00	3.00	-1.00	-5.00	2.00
Total comprehensive income	-4,048.00	-763.00	2,961.00	2,654.00	3,592.00	1,927.00
Earnings per share, basic	-19.13	-3.24	16.88	15.15	20.52	10.98
Earnings per share, diluted	-19.13	-3.24	16.88	15.15	20.52	10.98

Balance sheet, as filed

Line	2022-09-30	2023-03-31	2023-09-30	2024-03-31	2024-09-30	2025-09-30	2026-03-31
Total assets	38,484.00	35,145.00	35,592.00	35,430.00	34,612.00	35,561.00	44,481.00
Non-current assets	23,970.00	23,229.00	22,695.00	22,702.00	22,850.00	22,370.00	22,738.00
Current assets	14,514.00	11,916.00	12,897.00	12,718.00	11,762.00	13,191.00	21,743.00
Property, plant and equipment	20,456.00	20,005.00	19,872.00	20,022.00	19,834.00	19,716.00	20,043.00
Capital work-in-progress	371.00	475.00	678.00	721.00	712.00	634.00	828.00
Goodwill	377.00	377.00	377.00	377.00	377.00	377.00	377.00
Other intangible assets	6.00	5.00	4.00	3.00	3.00	25.00	24.00
Inventories	9,583.00	6,777.00	8,410.00	8,306.00	6,536.00	8,369.00	14,422.00
Trade receivables	4,322.00	4,469.00	3,978.00	3,860.00	4,623.00	3,324.00	6,059.00
Cash and cash equivalents	3.00	7.00	6.00	10.00	19.00	808.00	564.00
Total equity and liabilities	38,484.00	35,145.00	35,592.00	35,430.00	34,612.00	35,561.00	44,481.00
Equity	8,148.00	9,865.00	11,931.00	13,283.00	12,307.00	13,318.00	14,197.00
Equity share capital	1,753.00	1,753.00	1,753.00	1,753.00	1,753.00	1,753.00	1,753.00
Other equity	6,395.00	8,112.00	10,178.00	11,530.00	10,554.00	11,565.00	12,444.00
Total liabilities	30,336.00	25,281.00	23,661.00	22,148.00	22,306.00	22,243.00	30,284.00
Non-current liabilities	14,172.00	13,230.00	11,566.00	9,782.00	9,495.00	9,345.00	11,268.00
Current liabilities	16,164.00	12,050.00	12,095.00	12,366.00	12,811.00	12,898.00	19,016.00
Borrowings, non-current	13,458.00	12,418.00	10,739.00	8,912.00	8,560.00	8,365.00	8,504.00
Borrowings, current	4,754.00	4,289.00	3,239.00	3,540.00	4,685.00	2,187.00	5,829.00
Trade payables	8,158.00	6,169.00	6,402.00	7,204.00	5,195.00	8,158.00	11,063.00

Cash flow, as filed

Line	2022-03-31	2022-09-30	2023-03-31	2023-09-30	2024-03-31	2024-09-30	2025-09-30	2026-03-31
Net cash from operating activities	4,693.00	4,084.00	6,364.00	3,768.00	7,045.00	207.00	4,328.00	2,531.00
Net cash from investing activities	-595.00	-270.00	-673.00	-584.00	-1,518.00	-326.00	-734.00	-1,378.00
Net cash from financing activities	-4,119.00	-3,817.00	-5,690.00	-3,185.00	-5,524.00	128.00	-2,797.00	-598.00
Purchase of property, plant and equipment	611.00	283.00	703.00	605.00	1,556.00	387.00	753.00	1,412.00
Net increase in cash	-20.00	-2.00	1.00	-1.00	3.00	9.00	798.00	554.00
con:CFO.BEFORE_TAX	4,955.00	4,284.00	7,130.00	4,171.00	7,995.00	228.00	4,426.00	3,235.00
con:INTEREST_RECEIVED.OPERATING	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
con:INTEREST_PAID.OPERATING	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
con:DIVIDENDS_RECEIVED.OPERATING	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
con:TAX_PAID.OPERATING	262.00	200.00	766.00	402.00	950.00	21.00	98.00	704.00
con:CF_OTHER.OPERATING	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
con:INVESTMENTS_PURCHASED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
con:INVESTMENTS_SOLD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
con:PPE_DISPOSALS	0.00	0.00	0.00	0.00	14.00	30.00	0.00	1.00
con:CF_INVESTING.SUBSIDIARIES_SOLD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
con:CF_INVESTING.JV_SOLD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
con:CF_INVESTING.JV_ACQUIRED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder	2023-03-31	2023-06-30	2023-09-30	2023-12-31	2024-03-31	2024-06-30	2024-09-30	2024-12-31	2025-03-31	2025-06-30	2025-09-30	2025-12-31	2026-03-31	2026-06-30
Promoter and promoter group	88.58	88.58	88.58	88.58	88.58	88.58	88.58	88.58	88.58	88.58	0.89	0.89	0.89	0.89
Domestic institutions	0.29	0.71	1.11	1.57	1.50	1.51	1.49	1.67	1.33	1.38	0.01	0.01	0.00	0.00
Mutual funds	—	—	—	—	—	—	—	—	—	1.14	0.01	0.01	0.00	0.00
Insurance companies	0.22	0.22	0.22	0.24	0.25	0.23	0.23	0.24	0.22	0.24	0.00	0.00	0.00	0.00
Foreign institutions	1.07	1.08	1.54	2.55	2.68	2.27	1.70	1.36	1.30	1.30	0.01	0.02	0.03	0.02
Government	—	—	—	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00
Public	11.42	11.42	11.42	11.42	11.42	11.42	11.42	11.42	11.42	11.42	0.11	0.11	0.11	0.11
Non-institutional	10.06	9.63	8.76	7.29	7.23	7.64	8.23	8.39	8.79	8.74	0.09	0.08	0.08	0.09
Shares outstanding	1752598777	1752598777	1752598777	1752598777	1752598777	1752598777	1752598777	1752598777	1752598777	1752598777	1752598777	1752598777	1752598777	1752598777

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

Counterparty	Relationship	Type	Amount in the period	Transactions
Hindustan Petroleum Corporation Limited (HPCL)	Promoters	Advance, Dividend paid, Purchase of goods or service	166,197,800,000.00	4
Oil and Natural Gas Corporation Limited (ONGC)	Promoters	Advance, Any other transaction, Dividend paid, Purch	80,636,980,000.00	5
Shell MRPL Aviation Fuels and Services Ltd.	Joint ventures where entity is ven	Dividend received, Purchase of goods or services, Sa	11,614,900,000.00	3
Mangalore SEZ Limited	Associates	Any other transaction, Purchase of goods or services	508,800,000.00	2
MRPL Superannuation Trust	Other related party	Any other transaction	244,900,000.00	1
Petronet MHB Ltd	Associates	Advance, Purchase of goods or services, Sale of good	53,700,000.00	3
MRPL Gratuity Fund Trust	Other related party	Any other transaction	34,370,000.00	1
MRPL Janaseva Trust	Other related party	Any other transaction	25,400,000.00	2
MRPL Education Trust	Other related party	Any other transaction	22,000,000.00	2
Employee Benefits (Mundkur Shyamprasad Kamath)	Key management personnel of entity	Any other transaction, Loan, Remuneration	8,800,000.00	3
Employee Benefits (Premchandra Rao G.)	Key management personnel of entity	Any other transaction, Loan, Remuneration	6,350,000.00	3
Employee Benefits (Sanjay Verma)	Key management personnel of entity	Remuneration	6,100,000.00	1
Employee Benefits (Vivek Chandrakant Tongaonkar)	Key management personnel of entity	Any other transaction, Loan, Remuneration	2,800,000.00	5
Employee Benefits (Yogish Nayak S)	Key management personnel of entity	Remuneration	2,510,000.00	1
Employee Benefits (Nandakumar Velayudhan Pillai)	Key management personnel of entity	Any other transaction, Loan, Remuneration	1,760,000.00	3

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

Date	Quarter	Who spoke
2026-01-23	Q3FY26		Read the call
2025-04-30	Q4FY25	AND PETROCHEMICALS LIMITED, LIMITED, MANGALORE REFINERY AND PETROCHEMICALS	Read the call
2024-05-09	Q4FY23	DIRECTOR --MRPL	Read the call

What they said about it, quarter by quarter

Topic	Q3FY26	Q4FY23	Q4FY25
Capex	What is the Capex required for maybe 1 MMTPA?	Firstly, on the capex, I think in FY24 you had around INR1,500 crores of capex is that right and what was it spent on?	I -- is there any capex target that you have for FY '26, '27?
Capital allocation	And lastly, sorry for the elongated qUestion, lastly, how should we see as the dividend payout policy for this year and next year as well, considering…	MRPL has also paid its first ever interim dividend of INR1 per share which is 10%.	—
Costs	—	MTO is a key raw material used in paint industry.	—
Debt and cash	—	And this is considering the various factors which could affect the profitability of the company and the cash flow of the company.	—
Demand	And this is just on the retail side you are mentioning, but what onGc rammeitQF mRPL about the depots and the pipeline infrastructure that you are pla…	We have got certain jetty infrastructure and pipelines, modifications and upgradations to be done.	But in between MS and reformate, we -- our first objective is to meet the domestic MS demand, where we supply to our retail outlets, our oil marketing…
Guidance	For the upcoming quarter the refinery is focused on maintaining its operational performance and we expect the market to continue to support us and we …	We anticipate an investment of approximately INR8,000 crores over the next five years, primarily funded through internal accruals.	And what do you see as the outlook for the paraxylene business going forward?
Margin	The EBITDA earned by the company was Rs.2,824 crores versus Rs.1,064 crore for the last year Quarter Q3. Healthy market prices, optimum energy consump…	One more question, if I can squeeze on the margin.	Now on the marketing side, what would be the share of EBITDA from the retail sales of petrol and diesel based on the numbers you have shared?
People	—	Looking ahead to the next year, we are targeting a throughput in excess of 17 million metric tons with no planned shutdowns aligning with our strategi…	—
Pricing	One very crucial factor is that almost the entirety of the pricing and the taxation is still considered controlled by the government, despite all the …	There could be small periods wherein retail outlets may not make money or there would be certain issues as far as the pricing is concerned. once S313i…	In the next 2 years, sir, we see the HPCL Rajasthan Refinery and the IOCL additional refining capacities will come in the market, then how it will imp…