# MRPL (MRPL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/mrpl

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹165
- Change: +0.75%
- As of: 2026-09-18
- 1D return: +0.98%
- 5D return: -8.79%
- 1M return: -4.94%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, MRPL is exhibiting a mixed technical stance across timeframes, with the daily view showing weakness while longer-term monthly trends remain positive.

On the daily chart, the price is trading below key moving averages including the 20-day EMA (171.6) and 50-day SMA (171.03), indicating short-term downward pressure. However, the daily Supertrend indicator is bullish at 160.95, suggesting some underlying support. The weekly timeframe presents a conflicting picture, with the price below the 20-day EMA (167.92) but above the 50-day SMA (163.15), and the weekly Supertrend is bearish at 196.17. In contrast, the monthly chart shows strength, with the price above the 20-day EMA (155.23) and 50-day SMA (151.98), and a bullish monthly Supertrend at 97.47.

Recent price action includes an "Inside Bar" pattern on the daily chart as of September 18, 2026. Notable anomalies include a high-severity upward gap on September 11, 2026, followed by a wide intraday range on September 10, 2026, and a significant volume surge with a price move on September 9, 2026. The stock is currently trading near its nearest support level of ₹164.87 (pivot), with resistance identified at ₹167.33 (high).

The stock's current setup carries risk, evidenced by an annualized volatility of 48% and a current drawdown of -20%. Key watch conditions include monitoring the ₹164.87 support level for potential breaks, and observing if the price can decisively move above the nearest resistance at ₹167.33 to challenge higher levels. A sustained move below the daily Supertrend at 160.95 could signal further downside.

- The stock's current price is ₹165.38 as of September 18, 2026.
- Daily timeframe shows price below key moving averages, while monthly timeframe remains above.
- Nearest support is ₹164.87 (pivot), with resistance at ₹167.33 (high).
- An "Inside Bar" pattern was observed on the daily chart on September 18, 2026.
- Watch for a break of ₹164.87 support or a move above ₹167.33 resistance for directional cues.

- Shooting Star
- Bearish Engulfing Reversal
- Evening Star
- Inside Bar
- Doji

### News Context

As of September 17, 2026, Mangalore Refinery and Petrochemicals Ltd. (MRPL) has seen its shares increase by 8% year-to-date. This performance contrasts with other oil and gas stocks, such as Reliance Industries, which have declined 21% over the same period. State-run refiners like HPCL, BPCL, and IOC have also experienced year-to-date decreases of 30%, 20%, and 18%, respectively. These movements occur in the context of revisions to export levies on petrol, diesel, and aviation turbine fuel, which could impact the sector.

- MRPL shares are up 8% year-to-date as of September 17, 2026.
- Reliance Industries shares are down 21% year-to-date.
- HPCL shares are down 30% year-to-date.
- BPCL shares are down 20% year-to-date.
- IOC shares are down 18% year-to-date.
- The sector is subject to revised export levies on petrol, diesel, and ATF.

- These oil and gas stocks will be impacted after export levy revision on petrol, diesel and ATF

### What Changed

As of September 18, 2026, Mangalore Refinery & Petrochemicals (MRPL) on the NSE saw a slight increase in its stock price, moving from ₹163.77 to ₹165.38. The available evidence does not indicate any new filings or news developments for the company. The daily and weekly trends remain unchanged, with no specific direction indicated in the provided data.

- On September 18, 2026, MRPL's stock price was ₹165.38, up from ₹163.77 on the previous observation date.
- No new filings were reported for MRPL as of September 18, 2026.
- No new news developments were reported for MRPL as of September 18, 2026.
- The daily and weekly stock trends for MRPL remained unchanged, with no directional indicators provided in the latest data.

### Official Filings

Mangalore Refinery and Petrochemicals Limited (MRPL) has undergone several changes in its board composition and auditor appointments. On August 12, 2026, the Ministry of Petroleum and Natural Gas approved the appointment of three Non-official Independent Directors: Shri Lakhan Chandra Mardi, Shri Sharwan Singh Karawasra, and Shri Vipin Malviya. These appointments are effective for three years or until further order. Subsequently, on September 7, 2026, the Comptroller and Auditor General of India appointed M/s. Ram Raj & Co. and M/s. A Raghavendra Rao & Associates as the company's Statutory Auditors for the Financial Year 2026-27, with MRPL formally notifying stock exchanges on September 9, 2026. In a separate development, MRPL received penalty notices from NSE and BSE on August 26, 2026, totaling ₹14,19,540 each, for non-compliance with SEBI Listing Regulations concerning board composition for the quarter ended June 30, 2026. The company has requested a waiver for these penalties, citing the Ministry of Petroleum and Natural Gas's authority over director nominations.

- On August 12, 2026, three new Non-official Independent Directors were appointed to the Board of MRPL.
- M/s. Ram Raj & Co. and M/s. A Raghavendra Rao & Associates were appointed as Statutory Auditors for FY 2026-27, effective September 7, 2026.
- MRPL received penalties totaling ₹28,39,080 from NSE and BSE on August 26, 2026, for non-compliance with board composition regulations for the quarter ended June 30, 2026.
- The company has requested a waiver for the imposed penalties.

- MANGALORE REFINERY AND PETROCHEMICALS LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Appointment |SUBJECT: Appointment
- Mangalore Refinery and Petrochemicals Limited has informed the Exchange regarding Appointment of Ram Raj & Co and A Raghavendra Rao & Associates as Statutory Auditor of the company w.e.f. September 07, 2026. |SUBJECT: Appointment
- Updates |SUBJECT: Updates
- Disclosure under Regulation 30 - Notice of Penalty received from NSE and BSE for the quarter ender 30th June 2026. |SUBJECT: General Updates
- Updates |SUBJECT: Updates
- Mangalore Refinery and Petrochemicals Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 24, 2026 |SUBJECT: Shareholders meeting
- MANGALORE REFINERY AND PETROCHEMICALS LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Intimation of Appointment of Non-official Directors Shri Lakhan Chandra Mardi on the Board of MRPL. |SUBJECT: Appointment
- Intimation of Appointment of Non-official Directors Shri Vipin Malviya on the Board of MRPL. |SUBJECT: Appointment

### Fundamentals

Mangalore Refinery & Petrochemicals (MRPL) reported a notable increase in revenue from operations for Q1 FY2026-27, reaching ₹41,608.96 crore. This represents a significant sequential jump from ₹28,493.04 crore in Q4 FY2025-26 and ₹29,720.13 crore in Q3 FY2025-26. Despite the higher revenue, Profit Before Tax (PBT) for Q1 FY2026-27 was ₹1,214.81 crore, which is lower than the ₹2,214.28 crore reported in Q3 FY2025-26, although it shows a slight improvement from Q4 FY2025-26's ₹1,235.50 crore. The net profit, or Profit Loss For Period, followed a similar trend, standing at ₹945.68 crore in Q1 FY2026-27, down from ₹1,450.89 crore in Q3 FY2025-26, but higher than the ₹116.99 crore in Q4 FY2025-26. Expenses also rose in Q1 FY2026-27 to ₹40,936.80 crore, closely tracking the revenue increase. Finance costs saw an increase to ₹244.31 crore in Q1 FY2026-27 compared to the previous two quarters. Tax expenses varied significantly, with a substantial ₹1,116.14 crore in Q4 FY2025-26 and a lower ₹299.99 crore in Q1 FY2026-27.

An important area to monitor is the relationship between revenue and profitability. While Q1 FY2026-27 saw the highest revenue among the reported periods, the profit margins appear to have compressed compared to Q3 FY2025-26. The significant fluctuation in tax expenses also warrants attention, as it directly impacts the net profit. Investors should keep an eye on the company's ability to translate top-line growth into stronger bottom-line performance and manage its cost structure effectively, particularly in light of the increased finance costs.

- Revenue from operations for MRPL reached ₹41,608.96 crore in Q1 FY2026-27.
- Profit Before Tax (PBT) in Q1 FY2026-27 was ₹1,214.81 crore, a decrease from ₹2,214.28 crore in Q3 FY2025-26.
- Profit Loss For Period in Q1 FY2026-27 was ₹945.68 crore, lower than ₹1,450.89 crore in Q3 FY2025-26.
- Expenses in Q1 FY2026-27 were ₹40,936.80 crore, closely aligned with the revenue for the period.
- Finance costs increased to ₹244.31 crore in Q1 FY2026-27.

### Bull Case

Mangalore Refinery & Petrochemicals (MRPL) has shown a positive year-to-date return of 8% as of the latest available news. Technical indicators suggest a constructive setup across multiple timeframes. The daily trend shows a bullish Supertrend, while the monthly trend also indicates a bullish Supertrend. The weekly trend, however, is currently in a bearish Supertrend phase. The stock is trading near its immediate support level of ₹164.87, which is 0.31% below its current trading price of ₹165.38.

- MRPL's year-to-date return was 8% as of the latest news.
- The daily trend indicator is bullish.
- The monthly trend indicator is bullish.
- The stock is trading near a support level of ₹164.87.

- These oil and gas stocks will be impacted after export levy revision on petrol, diesel and ATF

### Bear Case

The company's technical indicators present a mixed picture, with some signals suggesting potential headwinds. While the monthly trend shows a bullish direction, the weekly trend is currently indicated as bearish. The stock is trading below its 20-day and 50-day Exponential Moving Averages (EMAs) on a daily basis, with negative slopes for both, indicating a short-term downward pressure. Furthermore, the current drawdown stands at -20%, and the maximum drawdown has reached -32%, highlighting periods of significant price decline. The Average True Range (ATR) as a percentage is 4.56%, suggesting considerable price volatility.

- The weekly trend indicator is currently showing a bearish direction.
- The stock's price is below its 20-day EMA (171.6) and 50-day EMA (169.86) on a daily basis, with negative slopes.
- The current drawdown is -20%, and the maximum drawdown observed is -32%.
- The Average True Range (ATR) is 4.56% of the price, indicating significant price volatility.

- These oil and gas stocks will be impacted after export levy revision on petrol, diesel and ATF

### FAQs

**What recent corporate actions were approved at Mangalore Refinery and Petrochemicals Limited's (MRPL) Annual General Meeting?**

At the 38th Annual General Meeting held on August 24, 2026, MRPL shareholders approved 10 resolutions. Key approvals included the adoption of audited financial statements for the fiscal year ending March 31, 2026, the re-appointment of director Arun Kumar Singh, and the appointment of new directors Dr. Seema and Satyan Kumar. Shareholders also confirmed a final dividend of ₹4 per share (40%), ratified the cost auditor's remuneration, and appointed secretarial auditors. Additionally, a material related party transaction with Shell MRPL Aviation Fuels and Services Limited, up to ₹5,500 crore for FY 2027-28, was approved, along with amendments to the company's Memorandum and Articles of Association.

**Why did MRPL receive penalties from NSE and BSE, and what is the company's response?**

MRPL received notices for penalties from both NSE and BSE totaling ₹14,19,540 each. These penalties were for non-compliance with SEBI Listing Regulations concerning board composition for the quarter ended June 30, 2026. MRPL attributed this non-compliance to the Ministry of Petroleum and Natural Gas's authority over director nominations, as MRPL is a Central Public Sector Enterprise. The company has formally requested a waiver of these penalties.

**How has MRPL's stock performed compared to other oil and gas stocks, and what is its year-to-date return?**

As of the provided news summary, MRPL's shares have increased by 8% so far in the current year. In contrast, Reliance Industries shares are down 21%, while state-run refiners HPCL, BPCL, and IOC have seen declines of 30%, 20%, and 18% respectively for the year to date. MRPL's year-to-date return, as of the technical summary date of September 18, 2026, was 8%.

**What are the key technical indicators for MRPL's stock as of September 18, 2026?**

As of September 18, 2026, MRPL's daily trend indicators show a closing price of ₹165.38. The Exponential Moving Average (EMA) for 20 days is 171.6, and the Simple Moving Average (SMA) for 20 days is 172.66, both above the current price. The Supertrend indicator is bullish at 160.95. On a weekly basis, the Supertrend direction is bearish at 196.17, with the EMA 20 at 167.92 and SMA 20 at 163.10. The monthly trend shows a bullish Supertrend at 97.47.

- These oil and gas stocks will be impacted after export levy revision on petrol, diesel and ATF
- MANGALORE REFINERY AND PETROCHEMICALS LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Appointment |SUBJECT: Appointment
- Mangalore Refinery and Petrochemicals Limited has informed the Exchange regarding Appointment of Ram Raj & Co and A Raghavendra Rao & Associates as Statutory Auditor of the company w.e.f. September 07, 2026. |SUBJECT: Appointment
- Updates |SUBJECT: Updates
- Disclosure under Regulation 30 - Notice of Penalty received from NSE and BSE for the quarter ender 30th June 2026. |SUBJECT: General Updates
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹164.87
- Risk regime: Price Risk Requires Attention

### Support levels
- 161.2
- 143.640546875
- 136.2375

### Resistance levels
- 179.99
- 182.80124999999998
- 186

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.98% |
| return_10 | -6.03% |
| return_1m | -6.80% |
| return_1y | +26.16% |
| return_20 | -4.94% |
| return_3m | +3.97% |
| return_5 | -8.79% |
| return_6m | -13.89% |
| return_since_start | +10.79% |
| return_ytd | +7.75% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -32.27% |
| annualized_volatility | +47.57% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Nearly Doubles While Pre-Tax Profit Holds Steady Amidst Sharp Tax Relief

The company reported a significant expansion in top-line sales, with revenue rising to ₹41,609 crore in the quarter ended 30 June 2026. This represents a 46% increase from the preceding quarter and nearly doubles the figure from the same period last year. Despite this surge in revenue, total expenses grew at a similar pace, compressing the raw difference between revenue and costs.

Pre-tax profit remained largely unchanged from the previous quarter at ₹1,215 crore, though this stability masked a shift in composition. The quarter included an exceptional item of ₹472 crore before tax, which had not been present in the three prior quarters. Meanwhile, the tax charge fell sharply compared to the March quarter, allowing net profit to recover to ₹946 crore from a much lower base of ₹117 crore in the preceding period.

## Revenue Growth and Expense Scaling

The most prominent feature of the quarter is the scale of operations. Revenue reached ₹41,608.96 crore, marking the highest level in the last five quarters. This compares to ₹28,493.04 crore in the March quarter and ₹20,988.03 crore in the year-ago period.

However, the growth in revenue was accompanied by a proportionally larger increase in total expenses. Expenses rose to ₹40,936.80 crore, an increase of approximately 50% from the previous quarter. When comparing the two figures directly, the gap between revenue and expenses narrowed significantly. In the March quarter, the difference was ₹1,176 crore; in the June quarter, this buffer shrank to ₹672 crore.

This dynamic indicates that while the business scaled up substantially, the conversion of each rupee of revenue into a pre-operating profit buffer weakened relative to the immediate past. The revenue-to-expense spread in the current quarter was also notably lower than the peak observed in the September quarter of the prior fiscal year, where the spread stood at ₹898 crore.

## Profit Composition and Exceptional Items

Reported profit before tax (PBT) for the quarter was ₹1,214.81 crore, representing a marginal decrease of 1.67% from the ₹1,235.50 crore recorded in the March quarter. On the surface, this suggests stable profitability. However, the internal composition of this figure reveals a different trend in underlying performance.

For the first time in the recent four-quarter sequence, the company reported exceptional items before tax amounting to ₹471.76 crore. Prior quarters showed nil exceptional items. Excluding this item, pre-tax profit would have been ₹743.05 crore. Comparing this adjusted figure to the March quarter’s reported profit of ₹1,235.50 crore (which contained no exceptional items) shows a decline of roughly 40% in the underlying pre-tax earnings power.

Thus, the headline stability in pre-tax profit was supported by the one-time exceptional item offsetting the narrower revenue-expense spread.

## Tax Charge and Net Profit Recovery

The movement in net profit for the period was driven primarily by changes in the tax charge rather than operational profit growth. The tax expense for the quarter was ₹299.99 crore, a sharp reduction from the ₹1,116.14 crore charged in the March quarter.

In the March quarter, the tax expense absorbed approximately 90% of the pre-tax profit, leaving a net profit of only ₹116.99 crore. In contrast, the current quarter’s tax expense represented roughly 25% of the pre-tax profit. This reduction in the effective tax burden allowed net profit to rise to ₹945.68 crore, an increase of over 700% from the previous quarter.

While the absolute net profit of ₹945.68 crore remains below the ₹1,450.89 crore achieved in the December quarter of the previous fiscal year, it marks a substantial recovery from the compressed results of the March quarter. Finance costs increased by 15% quarter-on-quarter to ₹244.31 crore, but were 5% lower than the year-ago figure of ₹257.18 crore.

## Key Takeaway

The quarter demonstrated a major expansion in business scale, with revenue nearly doubling year-over-year. However, the gap between revenue and expenses narrowed, as expenses grew faster than revenue, reducing the raw profit buffer. The headline pre-tax profit remained flat only because a one-time exceptional item compensated for this compression. The bottom line benefited significantly from a reduced tax charge, which lifted net profit well above the previous quarter’s levels despite the weaker underlying pre-tax spread.

### Ratios

## Official filings

- 2026-09-10 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_216_WebXMLFile_20260910_093720530.xml)
- 2026-09-09 — Management Change: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MRPL_09092026171915_StatutoryAuditorappointmentSD.pdf)
- 2026-09-09 — Management Change: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MRPL_09092026171728_StatutoryAuditorappointmentSD.pdf)
- 2026-08-26 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MRPL_26082026132906_votingresultsSD.pdf)
- 2026-08-26 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MRPL_26082026164135_InitmationtostockexchangesforQtr1202627sd.pdf)
- 2026-08-24 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MRPL_24082026183748_outcomeofAGMSD.pdf)
- 2026-08-24 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MRPL_24082026183517_outcomeofAGMSD.pdf)
- 2026-08-13 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_216_WebXMLFile_20260813_150944611.xml)
- 2026-08-13 — Management Change: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MRPL_13082026152046_ExchangeintimationSD.pdf)
- 2026-08-13 — Management Change: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MRPL_13082026153130_ExchangeintimationSD.pdf)
- 2026-08-13 — Management Change: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MRPL_13082026152627_ExchangeintimationSD.pdf)
- 2026-07-24 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited (MRPL) published a notice on July 24, 2026, announcing its 38th Annual General Meeting (AGM). The AGM is scheduled for August 24, 2026, at 04:00 PM IST and will be conducted via Video Conferencing (VC) or Other Audio Visual Means (OAVM). This notice follows a previous intimation dated July 23, 2026, and complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRPL_24072026150938_NewspaperpublicationSD.pdf)
- 2026-07-24 — Official Filing: Mangalore Refinery and Petrochemicals Limited (MRPL) published a notice on July 24, 2026, announcing its 38th Annual General Meeting (AGM). The AGM is scheduled for August 24, 2026, at 04:00 PM IST and will be conducted via Video Conferencing (VC) or Other Audio Visual Means (OAVM). This notice follows a previous intimation dated July 23, 2026, and complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- 2026-07-23 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited (MRPL) announced its 38th Annual General Meeting (AGM) will be held on August 24, 2026, via video conferencing. The company has released its Annual Report for FY 2025-26, which details a Profit After Tax of ₹1,931 crore, an increase from ₹51 crore in FY 2024-25. The Gross Refining Margin (GRM) improved to US$9.22 per barrel in FY 2025-26 from US$4.45 per barrel in the previous fiscal year. MRPL also reported commissioning 85 new retail outlets, bringing the total to 252, and expanded its retail footprint into Andhra Pradesh. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRPL_23072026180357_AnnualReport202526sd.pdf)
- 2026-07-23 — Official Filing: Mangalore Refinery and Petrochemicals Limited will hold its 38th Annual General Meeting on Monday, August 24, 2026, at 4:00 PM in Mangalore, conducted via Video Conference or Other Audio-Visual Means. The agenda includes adopting financial statements, appointing/re-appointing directors including Arun Kumar Singh, Dr. Seema, and Satyan Kumar, declaring dividends, fixing remuneration for statutory and cost auditors, and approving a material related party transaction of INR 55,000,000,000 with its joint venture, Shell MRPL Aviation Fuels and Services Limited, for FY 2027-28. The meeting will also address amendments to the Memorandum and Articles of Association.
- 2026-07-23 — Official Filing: Mangalore Refinery and Petrochemicals Limited (MRPL) announced its 38th Annual General Meeting (AGM) will be held on August 24, 2026, via video conferencing. The company has released its Annual Report for FY 2025-26, which details a Profit After Tax of ₹1,931 crore, an increase from ₹51 crore in FY 2024-25. The Gross Refining Margin (GRM) improved to US$9.22 per barrel in FY 2025-26 from US$4.45 per barrel in the previous fiscal year. MRPL also reported commissioning 85 new retail outlets, bringing the total to 252, and expanded its retail footprint into Andhra Pradesh.
- 2026-07-23 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited (MRPL) has submitted its Business Responsibility and Sustainability Report (BRSR) for the fiscal year 2025-26. The report, which forms part of the Annual Report, details the company's commitments and performance in areas such as emissions reduction, aiming for Net Zero Scope 1 and 2 by 2038, operational efficiency, resource management, safety, and community development. MRPL also disclosed its adherence to various environmental and social guidelines, including specific targets and progress on initiatives like renewable energy integration and waste management. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRPL_23072026180656_BRSRsd202526.pdf)
- 2026-07-21 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited has scheduled its 38th Annual General Meeting (AGM) for August 24, 2026, at 4:00 PM IST, to be conducted via Video Conferencing/Other Audio-Visual Means. The cut-off date for determining eligible shareholders for remote e-voting is August 17, 2026. The remote e-voting period will be open from August 21, 2026, 9:00 a.m. to August 23, 2026, 5:00 p.m. IST. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRPL_21072026160128_IntimationofAGMCutoffdateRemoteevotingBookclosureSD.pdf)
- 2026-07-21 — Official Filing: Mangalore Refinery and Petrochemicals Limited has scheduled its 38th Annual General Meeting (AGM) for August 24, 2026, at 4:00 PM IST, to be conducted via Video Conferencing/Other Audio-Visual Means. The cut-off date for determining eligible shareholders for remote e-voting is August 17, 2026. The remote e-voting period will be open from August 21, 2026, 9:00 a.m. to August 23, 2026, 5:00 p.m. IST.
- 2026-07-15 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited's Board of Directors, in a meeting on July 15, 2026, approved the un-audited financial results for the quarter ended June 30, 2026. They also appointed Shri Sanjib Kumar Mandal as the Internal Auditor and M/s Bandyopadhyaya Bhaumik & Co. as the Cost Auditor for FY 2026-27. The Board recommended seeking shareholder approval for amendments to the Memorandum and Articles of Association in line with the Companies Act, 2013. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRPL_15072026192623_OutcomeofBMsd.pdf)
- 2026-07-15 — Press Release: Mangalore Refinery and Petrochemicals Limited (MRPL) announced its Un-Audited Financial Results for the quarter ended June 30, 2026, following Board approval on July 15, 2026. The company reported revenue from operations of ₹41,609 Crore and a Profit After Tax of ₹915 Crore for Q1 FY 2026-27, a significant improvement from the previous year's loss. MRPL also received PNGRB authorization for an ATF pipeline and achieved ISCC CORSIA certification for co-processing Used Cooking Oil. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRPL_15072026194248_PressreleaseSD.pdf)
- 2026-07-15 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited's Board of Directors, in a meeting on July 15, 2026, approved the un-audited financial results for the quarter ended June 30, 2026. They also appointed Shri Sanjib Kumar Mandal as the Internal Auditor and M/s Bandyopadhyaya Bhaumik & Co. as the Cost Auditor for FY 2026-27. The Board recommended seeking shareholder approval for amendments to the Memorandum and Articles of Association in line with the Companies Act, 2013. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRPL_15072026193920_OutcomeofBMsd.pdf)
- 2026-07-15 — Management Change: Mangalore Refinery and Petrochemicals Limited's Board of Directors, in a meeting on July 15, 2026, approved the un-audited financial results for the quarter ended June 30, 2026. They also appointed Shri Sanjib Kumar Mandal as the Internal Auditor and M/s Bandyopadhyaya Bhaumik & Co. as the Cost Auditor for FY 2026-27. The Board recommended seeking shareholder approval for amendments to the Memorandum and Articles of Association in line with the Companies Act, 2013. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRPL_15072026193610_OutcomeofBMsd.pdf)
- 2026-07-15 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited's Board of Directors, in a meeting on July 15, 2026, approved the un-audited financial results for the quarter ended June 30, 2026. They also appointed Shri Sanjib Kumar Mandal as the Internal Auditor and M/s Bandyopadhyaya Bhaumik & Co. as the Cost Auditor for FY 2026-27. The Board recommended seeking shareholder approval for amendments to the Memorandum and Articles of Association in line with the Companies Act, 2013. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRPL_15072026193307_OutcomeofBMsd.pdf)
- 2026-07-10 — Generic Announcement: Shri Dheeraj Kumar Ojha ceased to be a Government Nominee Director on the Board of Mangalore Refinery and Petrochemicals Limited (MRPL) effective July 11, 2026. This change occurred due to his posting from the Ministry of Petroleum and Natural Gas on July 10, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRPL_10072026195611_ChangeinManagementShriDKOjhaSD.pdf)

## News and market events

- 2026-09-17 — CNBC-TV18: **These oil and gas stocks will be impacted after export levy revision on petrol, diesel and ATF** — Shares of MRPL are up 8% so far this year, while those of Reliance Industries are down 21%. Shares of the state-run refiners, HPCL, BPCL and IOC, are down 30%, 20% and 18% respectively for the year so far. — [Source](https://www.cnbctv18.com/market/oil-and-gas-stocks-petrol-diesel-atf-saed-cut-ril-mrpl-hpcl-bpcl-ioc-share-price-move-19992474.htm)
- 2026-09-10 — Economic Times: **MRPL Share Price Today, MRPL Stock Price Live NSE/BSE Updates | The Economic Times** — MRPL Share Price Today - Get live NSE/BSE quotes of MRPL with latest news, headlines and quick analysis. View forecasts, quarterly results, dividend details, balance sheet & more. — [Source](https://economictimes.indiatimes.com/mangalore-refinery-and-petrochemicals-ltd/stocks/companyid-11391.cms)
- 2026-09-10 — BUSINESSTODAY: **CPCL, MRPL, HPCL, BPCL, IOC shares: Brent nears $102; impact on oil stocks** — MRPL share price, CPCL share price, oil prices, oil price today, BPCL share price, IOC share price, HPCL share price — [Source](https://www.businesstoday.in/markets/stocks/story/cpcl-mrpl-hpcl-bpcl-ioc-shares-brent-nears-102-impact-on-oil-stocks-554465-2026-09-10)
- 2026-09-09 — BUSINESS: **Chennai Petroleum, MRPL, Oil India rise up to 5% as crude price nears $100** — Analyst said that the current rally in upstream oil and refining companies is primarily driven by elevated crude oil prices. — [Source](https://www.business-standard.com/markets/news/chennai-petroleum-mrpl-oil-india-rise-up-to-5-as-crude-price-nears-100-126090900372_1.html)
- 2026-09-09 — Economic Times: **India's refineries operating at 105% to 108% of capacity, MRPL official says** — Over the last six months, Indian refiners have been running at above 100% capacity, driven by soaring diesel demand that leads them to focus more on this fuel compared to jet fuel. Mangalore Refinery and Petrochemicals intends to keep this high output rate through March. The ongoing Russia-Ukraine war has prompted refiners to diversify their crude oil sourcing, enabling a more adaptable production of diesel and jet fuel. — [Source](https://economictimes.indiatimes.com/industry/energy/oil-gas/indias-refineries-operating-at-105-to-108-of-capacity-mrpl-official-says/articleshow/133954441.cms)
- 2026-09-09 — The Hindu: **MRPL operating at 105% to 108% of oil-refining capacity, official says** — MRPL operates at 105%-108% capacity, prioritizing diesel production amid rising demand, according to a company official. — [Source](https://www.thehindubusinessline.com/companies/mrpl-operating-at-105-to-108-of-oil-refining-capacity-official-says/article71445607.ece)
- 2026-09-09 — BUSINESSTODAY: **Chennai Petroleum, MRPL, Oil India shares gain as Brent nears $100** — Chennai Petroleum, CPCL shares, MRPL shares, Mangalore Refinery, Oil India shares, ONGC shares, Brent crude, crude oil prices, West Asia conflict, oil stocks, refinery stocks, Choice Institutional Equities, MRPL target price, CPCL target price, oil marketing companies, OMCs — [Source](https://www.businesstoday.in/markets/stocks/story/chennai-petroleum-mrpl-oil-india-shares-gain-as-brent-nears-100-554149-2026-09-09)
- 2026-09-06 — BUSINESSTODAY: **Race for ONGC top post narrows as seven candidates face final interviews** — Race for ONGC top post narrows as seven candidates face final interviews — [Source](https://www.businesstoday.in/jobs/story/race-for-ongc-top-post-narrows-as-seven-candidates-face-final-interviews-553498-2026-09-06)
- 2026-08-11 — CNBC-TV18: **Sensex Today | Stock Market Highlights: Indian markets end lower after rangebound session; Nifty below 24,500** — Sensex Today | Stock Market Highlights: The Sensex fell 388 points to 78,154, while the Nifty declined 112 points to 24,472. The Nifty Bank slipped 241 points to 57,446, while the Midcap index fell 12 points to 63,843. The rupee weakened against the US dollar on Tuesday, closing at 95.44 compared with Monday’s close of 95.30. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-expiry-today-oil-adani-bse-wipro-vedanta-vodafone-idea-rvnl-share-price-liveblog-19966134.htm)
- 2026-08-11 — BUSINESSTODAY: **Why Chennai Petroleum, MRPL shares are surging today** — Chennai Petroleum shares, MRPL shares, Chennai Petroleum stock, MRPL stock, Chennai Petroleum share price, MRPL share price, Chennai Petroleum rally, MRPL rally, Chennai Petroleum 52-week high, MRPL resistance, crude oil prices, Brent crude, WTI crude, Strait of Hormuz, global crude oil prices, gross refining margins, GRM, refinery stocks, oil stocks, PSU refinery stocks, Kranthi Bathini, WealthMills Securities, Ravi Singh, Master Capital Services, Chennai Petroleum target price, MRPL target price, Chennai Petroleum technical analysis, MRPL technical analysis, CPCL shares, Mangalore Refinery shares, oil and gas stocks, energy stocks, refinery stocks India, stock market today, NSE, BSE — [Source](https://www.businesstoday.in/markets/stocks/story/why-chennai-petroleum-mrpl-shares-are-surging-today-548532-2026-08-11)
- 2026-08-08 — Economic Times: **Quant Small Cap Fund adds SBI Funds Management, Caliber Mining and 11 others in July** — Quant Small Cap Fund added 13 stocks in July, including SBI Funds Management, Caliber Mining and Hexaware Technologies. The fund exited four stocks and reduced exposure to seven others, while increasing holdings in 10 stocks. Its portfolio rose to 106 stocks from 97 in June, with AUM at Rs 34,069 crore as of July 31. — [Source](https://economictimes.indiatimes.com/mf/analysis/quant-small-cap-fund-adds-sbi-funds-management-caliber-mining-and-11-others-in-july/articleshow/133048616.cms)
- 2026-08-04 — Mint: **Stocks to buy for short term: BPCL, MRPL, IndiGo among 6 stocks experts recommend for next 1-2 weeks** — Expert analysts recommend six stocks poised for short-term growth. With technical breakouts and positive momentum indicators, find out which companies—ranging from BPCL to IndiGo—should be on your radar for potential investment in the coming weeks. — [Source](https://www.livemint.com/market/stock-market-news/stocks-to-buy-for-short-term-bpcl-mrpl-indigo-among-6-stocks-experts-recommend-for-next-1-2-weeks-11785811195347.html)
- 2026-08-03 — The Hindu: **Stock to buy today: MRPL (₹169.90)** — MRPL stock shows bullish potential; buy at ₹169 and target ₹250 with strategic stop-loss adjustments. — [Source](https://www.thehindubusinessline.com/portfolio/technical-analysis/stock-to-buy-today-mrpl16990/article71290581.ece)
- 2026-07-30 — MONEYCONTROL: **Two tankers carrying Saudi crude for India go 'dark' through Red Sea after Houthi blockade** — Saudi crude, India oil imports, Houthi blockade, Red Sea, Bab el-Mandeb Strait, Indian Oil Corporation, IOC, Mangalore Refinery and Petrochemicals, MRPL, Yanbu, Amazon tanker, Rodos tanker, AIS transponder, oil tankers, Saudi Arabia, Houthis, Red Sea shipping, crude oil, energy security, Reuters — [Source](https://www.moneycontrol.com/news/business/two-tankers-carrying-saudi-crude-for-india-go-dark-through-red-sea-after-houthi-blockade-13989205.html)
- 2026-07-29 — The Hindu: **ONGC approves parent guarantee of $500 million for MRPL to import crude from Saudi Aramco** — ONGC grants $500 million guarantee for MRPL to import crude oil from Saudi Aramco, valid for two years. — [Source](https://www.thehindu.com/business/industry/ongc-approves-parent-guarantee-of-500-million-for-mrpl-to-import-crude-from-saudi-aramco/article71277343.ece)
- 2026-07-29 — Economic Times: **Stocks in news: L&T, Tata Capital, Ambuja Cements, Suzlon Energy, RVNL** — Indian stock markets closed lower on Tuesday after early gains faded. Larsen & Toubro and Tata Capital reported strong profit growth for the quarter. Ambuja Cement and Suzlon Energy, however, saw their profits decline year-on-year. RVNL announced a record date for its final dividend and secured a new order. Phoenix Mills posted a profit increase, while VST Industries experienced a profit drop. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-lt-tata-capital-ambuja-cements-suzlon-energy-rvnl/articleshow/132687151.cms)
- 2026-07-27 — Economic Times: **MRPL seeks crude via tender avoiding Red Sea and Hormuz, document shows** — Mangalore Refinery and Petrochemicals Ltd is seeking oil imports via a spot tender. The company has asked suppliers to avoid the Red Sea and Strait of Hormuz. This precautionary measure aims to prevent potential disruptions to key maritime oil trade routes. The refiner previously did not award a tender seeking oil imports. This clause will remain in future tenders if the Middle East situation does not improve. — [Source](https://economictimes.indiatimes.com/industry/energy/oil-gas/mrpl-seeks-crude-via-tender-avoiding-red-sea-and-hormuz-document-shows/articleshow/132657240.cms)
- 2026-07-27 — The Hindu: **MRPL seeks crude via tender avoiding Red Sea and Hormuz** — State-owned Mangalore Refinery and Petrochemicals Ltd is seeking ​to import oil via a spot tender and ‌has, for the first time, asked suppliers ​to avoid using the Red ⁠Sea and the Strait of Hormuz, a tender document showed on Monday. — [Source](https://www.thehindubusinessline.com/economy/logistics/mrpl-seeks-crude-via-tender-avoiding-red-sea-and-hormuz/article71272064.ece)
- 2026-07-27 — The Hindu: **Stock Market Today Live, July 27: Gift Nifty hints at positive open; F&O expiry, Q1 earnings in focus** — Sensex Today, Nifty 50 | Stock Market Live Updates - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 27th July 2026. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-27-july-2026/article71269037.ece)
- 2026-07-26 — The Hindu: **‘We are committed to ensuring financial stability’** — RBI Governor Sanjay Malhotra emphasizes commitment to financial stability, prioritizing price stability while supporting economic growth amidst inflation risks. — [Source](https://www.thehindubusinessline.com/money-and-banking/we-are-committed-to-ensuring-financial-stability/article71270328.ece)
- 2026-07-26 — IANSLIVE.IN: **Experts chart roadmap for strengthening project execution across energy and mining CPSEs** — Vadodara, July 26 (IANS) The three-day third edition of Bharat CPSEs' Consultative Conclave 2026 on Project and Asset Management successfully concluded on Sunday here with experts charting out a roadmap for strengthening project execution, asset management and organisational excellence across Central Public Sector Enterprises (CPSEs) in the energy and mining sectors a day before at Gati Shakti Vishwavidyalaya (GSV) Vadodara, after insightful deliberations on strengthening project execution, ass... — [Source](https://ianslive.in/experts-chart-roadmap-for-strengthening-project-execution-across-energy-and-mining-cpses--20260726175403)
- 2026-07-22 — The Hindu: **Sensex today | Stock Market Live: Sensex sheds 500 pts, Nifty holds 24,000; Nestle Q1 profit surges 48% to ₹975 crore** — Sensex, Nifty, Share Prices LIVE: At 11:35 am, Sensex dropped 538.43  points (-0.70%) to 76,931.68, Nifty dropped 140.10 points (-0.58%) to 24,047.60 — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-22nd-july-2026/article71249266.ece)

## Business profile

**Strategic vision:** Refines crude oil and produces petrochemicals and fuels.

### Business segments
- **Petroleum Products:** Operations encompass refining crude oil, producing petrochemicals like polypropylene and aromatics, and marketing fuel.
- **Refining:** Crude oil processing is conducted at its 15 MMTPA refinery located at Katipalla, north of Mangaluru.
- **Petrochemicals:** The company is involved in the production of polypropylene and aromatic compounds.
- **Fuel Marketing:** MRPL operates fuel service stations and is engaged in the trading and supply of aviation fuel through a joint venture.
- **International Sales:** The company exports petroleum products and aromatic compounds to markets in Asia, Europe, and the Middle East.

### Competitive strengths
- Only refinery in India equipped with two hydrocrackers for premium diesel production.
- One of only two refineries in India possessing two Continuous Catalytic Regeneration (CCR) units for high-octane unleaded petrol.
- Refinery engineered to process crude oils with a wide range of API gravity (24° to 46°).
- Maintains Zero Liquid Discharge (ZLD) environmental compliance.
- Benefits from captive infrastructure at New Mangalore Port for crude imports and product exports.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/mrpl
Markdown representation: https://faxioms.com/stocks/mrpl?render=md