Shares of Mangalore Refinery and Petrochemicals experienced a decline of 2.02% on Thursday, with the stock price reaching Rs 124.68. This movement places the stock among the losers and it is a constituent of the Nifty Midcap 150 index.
Financial Performance:
Mangalore Refinery and Petrochemicals' consolidated financial performance reveals the following trends:
Quarterly Performance:
For the quarter-ending June 2025:
- Revenue: Rs 17,356.23 Crore
- Net Profit: Rs -271.97 Crore
- EPS: Rs -1.54
For the year-ending March 2025:
- Revenue: Rs 94,681.62 Crore
- Net Profit: Rs 28.08 Crore
- EPS: Rs 0.32
- BVPS: Rs 74.00
- ROE: 0.43%
- Debt to Equity: 0.99
Here is a more detailed look at the company's consolidated financial performance:
| Financials (Consolidated) | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue (Rs Crore) | 23,247.02 | 24,967.87 | 21,870.86 | 24,595.87 | 17,356.23 |
| Net Profit (Rs Crore) | 65.57 | -704.82 | 304.19 | 363.14 | -271.97 |
| EPS | 0.42 | -3.98 | 1.76 | 2.11 | -1.54 |
The revenue for the quarter ending June 2025 stood at Rs 17,356.23 Crore, compared to Rs 24,595.87 Crore for the quarter ending March 2025. The net profit for the June 2025 quarter was Rs -271.97 Crore, while the EPS was Rs -1.54.
| Financials (Consolidated) | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue (Rs Crore) | 32,058.45 | 69,727.08 | 108,856.10 | 90,406.68 | 94,681.62 |
| Net Profit (Rs Crore) | -764.92 | 2,950.78 | 2,616.64 | 3,582.44 | 28.08 |
| EPS | -3.24 | 16.88 | 15.15 | 20.52 | 0.32 |
| BVPS | 24.24 | 41.13 | 56.28 | 75.78 | 74.00 |
| ROE | -13.35 | 41.03 | 26.91 | 27.08 | 0.43 |
| Debt to Equity | 5.36 | 2.92 | 1.69 | 0.94 | 0.99 |
The revenue for the year ending March 2025 was Rs 94,681.62 Crore, which is increased by 4.73% compared to the previous year's revenue of Rs 90,406.68 Crore. The net profit for the year ending March 2025 was Rs 28.08 Crore, a sharp decline compared to the previous year's profit of Rs 3,582.44 Crore.
Here is the yearly income statement for Mangalore Refinery and Petrochemicals:
| Income Statement (Rs Crore) | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| Sales | 94,681 | 90,406 | 108,856 | 69,727 | 32,058 |
| Other Income | 153 | 191 | 189 | 98 | 96 |
| Total Income | 94,834 | 90,598 | 109,046 | 69,825 | 32,155 |
| Total Expenditure | 93,735 | 83,976 | 103,543 | 65,914 | 32,519 |
| EBIT | 1,099 | 6,621 | 5,502 | 3,911 | -364 |
| Interest | 1,008 | 1,113 | 1,285 | 1,207 | 554 |
| Tax | 62 | 1,925 | 1,600 | -246 | -153 |
| Net Profit | 28 | 3,582 | 2,616 | 2,950 | -764 |
Mangalore Refinery and Petrochemicals' quarterly income statement is as follows:
| Income Statement (Rs Crore) | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|
| Sales | 17,356 | 24,595 | 21,870 | 24,967 | 23,247 |
| Other Income | 38 | 37 | 33 | 37 | 44 |
| Total Income | 17,394 | 24,633 | 21,904 | 25,005 | 23,291 |
| Total Expenditure | 17,539 | 23,803 | 21,171 | 25,784 | 22,976 |
| EBIT | -145 | 829 | 732 | -778 | 315 |
| Interest | 257 | 245 | 263 | 284 | 214 |
| Tax | -130 | 221 | 165 | -358 | 35 |
| Net Profit | -271 | 363 | 304 | -704 | 65 |
The cash flow from operating activities for the year ending March 2025 was Rs 1,877 Crore.
| Cash Flow (Rs Crore) | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| Operating Activities | 1,877 | 7,045 | 6,364 | 4,692 | -2,802 |
| Investing Activities | -939 | -1,517 | -673 | -594 | -2,099 |
| Financing Activities | -937 | -5,524 | -5,689 | -4,118 | 4,925 |
| Others | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | 0 | 2 | 1 | -20 | 24 |
The total assets of Mangalore Refinery and Petrochemicals as of March 2025 are Rs 34,434 Crore.
| Balance Sheet (Rs Crore) | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| Share Capital | 1,752 | 1,752 | 1,752 | 1,752 | 1,752 |
| Reserves & Surplus | 11,216 | 11,529 | 8,111 | 5,456 | 2,495 |
| Current Liabilities | 12,239 | 12,365 | 12,050 | 17,957 | 14,093 |
| Other Liabilities | 9,225 | 9,781 | 13,230 | 14,904 | 16,387 |
| Total Liabilities | 34,434 | 35,430 | 35,145 | 40,071 | 34,729 |
| Fixed Assets | 20,447 | 20,776 | 20,493 | 21,176 | 21,585 |
| Current Assets | 11,965 | 12,727 | 11,916 | 15,430 | 10,229 |
| Other Assets | 2,022 | 1,925 | 2,736 | 3,464 | 2,914 |
| Total Assets | 34,434 | 35,430 | 35,145 | 40,071 | 34,729 |
| Contingent Liabilities | 3,657 | 3,048 | 3,565 | 1,483 | 1,770 |
Key financial ratios for Mangalore Refinery and Petrochemicals are as follows. The P/E ratio as of March 2025 is 420.13, and the P/B ratio is 1.82. The company reported a debt-to-equity ratio of 0.99 as of the year-ending March 2025.
| Financial Ratios | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 0.32 | 20.52 | 15.15 | 16.88 | -3.24 |
| Diluted Eps (Rs.) | 0.32 | 20.52 | 15.15 | 16.88 | -3.24 |
| Book Value /Share (Rs.) | 74.00 | 75.78 | 56.28 | 41.13 | 24.24 |
| Dividend/Share (Rs.) | 0.00 | 3.00 | 0.00 | 0.00 | 0.00 |
| Face Value | 10 | 10 | 10 | 10 | 10 |
| Gross Profit Margin (%) | 2.58 | 8.72 | 6.14 | 7.21 | 2.47 |
| Operating Margin (%) | 1.16 | 7.33 | 5.05 | 5.65 | -1.13 |
| Net Profit Margin (%) | 0.02 | 3.96 | 2.40 | 4.23 | -2.38 |
| Return on Networth (%) | 0.43 | 27.08 | 26.91 | 41.03 | -13.35 |
| ROCE (%) | 4.95 | 28.74 | 23.81 | 17.82 | -1.76 |
| Return On Assets (%) | 0.16 | 10.15 | 7.55 | 7.38 | -1.63 |
| Current Ratio (X) | 0.98 | 1.03 | 0.99 | 0.86 | 0.73 |
| Quick Ratio (X) | 0.35 | 0.36 | 0.43 | 0.28 | 0.22 |
| Debt to Equity (x) | 0.99 | 0.94 | 1.69 | 2.92 | 5.36 |
| Interest Coverage Ratios (X) | 2.43 | 7.08 | 5.20 | 4.17 | -0.66 |
| Asset Turnover Ratio (%) | 2.71 | 2.56 | 2.89 | 1.86 | 92.30 |
| Inventory Turnover Ratio (X) | 11.82 | 10.71 | 11.28 | 7.23 | 4.51 |
| 3 Yr CAGR Sales (%) | 16.53 | 67.93 | 47.21 | 5.00 | -19.16 |
| 3 Yr CAGR Net Profit (%) | -90.24 | 116.41 | -19.52 | 189.94 | -34.33 |
| P/E (x) | 420.13 | 10.65 | 3.47 | 2.46 | -11.99 |
| P/B (x) | 1.82 | 2.89 | 0.93 | 1.01 | 1.60 |
| EV/EBITDA (x) | 14.90 | 6.43 | 3.87 | 5.63 | 37.17 |
| P/S (x) | 0.25 | 0.42 | 0.08 | 0.10 | 0.21 |
Recent corporate announcements include:
- Notice received from BSE and NSE for Non-compliance of Regulation 17(1) for the quarter ended June 30, 2025.
- Business Responsibility and Sustainability Report (BRSR) for the FY 2024-25
- Copy of Newspaper Publication - Transfer of Unclaimed Dividend and Underlying Shares to IEPF
The company announced a final dividend of Rs 2.00 per share (20%) on May 03, 2024, with an effective date of August 09, 2024. An interim dividend of Rs 1.00 per share (10%) was announced on January 23, 2024, effective February 02, 2024.
With the stock's last traded price at Rs 124.68, Mangalore Refinery and Petrochemicals faces a shift in market dynamics amid recent financial results and corporate actions.
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