# 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: ₹175.4
- Change: +0.96%
- As of: 2026-11-06
- 1D return: +0.96%
- 5D return: +1.30%
- 1M return: +0.89%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

MRPL (₹175.40) exhibits a mixed technical posture as of 2026-11-06, characterized by strong monthly momentum but short-term consolidation. The monthly trend is robust (ADX 48.19), with price holding above all key moving averages and the Supertrend. However, the daily chart shows price trading below the 20-period EMA and SMA, indicating near-term profit-taking or resistance, despite remaining above the 50-period and 200-period SMAs and the daily Supertrend. Range position is neutral across 20-day, 50-day, and 252-day horizons (~50%). Recent volatility is elevated, evidenced by an extreme volume-price move on 2026-10-26 (+12.5% return, 8.11x volume ratio) and a wide intraday range on 2026-10-30. High annualized volatility (+48.7%) and a current drawdown of -15.2% suggest significant price swings. Immediate support lies at ₹175.11 (-0.17%), with resistance at ₹178.47 (+1.75%).

- Trend Divergence: Monthly trend is strong (ADX 48.19, bullish Supertrend), while daily structure is consolidating with price below the 20-period EMA/SMA but above the 50/200 SMAs.
- Key Levels: Support at ₹175.11 (-0.17%) and ₹170.34 (-2.89%); Resistance at ₹178.47 (+1.75%) and ₹179.99 (+2.62%).
- Volatility & Risk: Annualized volatility stands at +48.7% with ATR at 5.37%. Current drawdown is -15.2%, reflecting recent pullback from highs.
- Confirmation/Invalidation: Daily close above ₹178.47 would signal resumption of upward momentum. Break below ₹175.11 could test deeper support at ₹170.34.

- Bearish Engulfing Reversal
- Outside Bar
- Doji
- Bullish Engulfing Reversal

### News Context

On 4 November 2026, Mangalore Refinery and Petrochemicals Ltd (MRPL) adjusted its crude procurement strategy to address geopolitical shipping risks stemming from the ongoing Iran war. The state-run refiner is increasing purchases on a delivered basis to mitigate freight volatility and reduce costs, aiming to sustain operations at its 300,000 barrels-per-day facility. This shift supports diversification of sourcing beyond current significant volumes from Russia and the Middle East. Concurrently, MRPL anticipates a decline in fuel exports over the coming months as domestic consumption within India rises.

- Operational Adjustment: MRPL is boosting delivered crude oil buying to lower freight costs and manage shipping risks associated with the Iran conflict.
- Capacity Target: The strategy aims to maintain full utilization of the refinery's 300,000 barrels-per-day capacity.
- Sourcing Diversification: The move supports reducing reliance on existing major sources, specifically Russia and the Middle East.
- Export Outlook: Fuel exports are expected to decrease in the near term due to rising domestic demand in India.

- [MRPL boosts delivered oil buying as Iran war raises shipping risks](https://economictimes.indiatimes.com/industry/energy/oil-gas/mrpl-boosts-delivered-oil-buying-as-iran-war-raises-shipping-risks/articleshow/135532794.cms)

### Official Filings

Mangalore Refinery and Petrochemicals Limited (MRPL) has completed its interim dividend distribution for FY 2026-27. The Board approved an interim dividend of ₹3 per equity share, with a face value of ₹10. The record date for this payout was October 21, 2026. Following the financial results release for Q2 FY 2026-27, MRPL hosted a conference call on November 4, 2026, at 11:00 a.m. IST, led by Director Finance & CFO Shri Devendra Kumar. Recordings of this call are now available to investors.

- Interim Dividend: ₹3 per share declared for FY 2026-27; Record Date: October 21, 2026.
- Q2 FY 2026-27 Results: Conference call held on November 4, 2026, to discuss financial performance.
- Access: Audio and video recordings of the investor meet are available via NSE archives.

- [Mangalore Refinery and Petrochemicals Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MRPL_04112026181149_Concallaudiovideointimation04112026sd.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/MRPL_04112026181250_Concallaudiovideointimation04112026sd.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/MRPL_30102026171728_intimationSD.pdf)
- [Mangalore Refinery and Petrochemicals Limited has informed the Exchange about Schedule of meet for Q2 FY 2026-27 Earnings Conference Call. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MRPL_30102026171616_intimationSD.pdf)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 3 PER SHARE |FACE VALUE:10 |RECORD DATE:21-Oct-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 3 PER SHARE |FACE VALUE:10 |RECORD DATE:21-Oct-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)

### Fundamentals

Mangalore Refinery & Petrochemicals (MRPL) has demonstrated a sharp earnings recovery in FY2026-27, with Q2 net profit rising 101% sequentially to ₹1,900.76 crore and EPS doubling to ₹10.85. This follows a strong annual turnaround where Net Profit surged from ₹56 crore in Mar 2025 to ₹1,925 crore in Mar 2026, supported by Operating Profit growth of 174% over the same period. Despite this profitability rebound, earnings quality faces headwinds as Cash Flow from Operations/EBITDA dropped significantly to 51% in Mar 2026, down from 85% in Mar 2025. The balance sheet reflects aggressive working capital expansion; Inventories nearly doubled to ₹16,749.90 crore and Trade Receivables rose to ₹7,479.89 crore by Sep 2026. Consequently, the Cash Conversion Cycle deteriorated to 41 days from 21 days in Mar 2025, driven by Inventory Days jumping to 67 and Days Payable extending to 52. While Borrowings were reduced to ₹10,204 crore by Sep 2026, the combination of higher inventory holding and receivable collection periods warrants close monitoring.

- Earnings Momentum: Q2 FY2026-27 Net Profit reached ₹1,900.76 crore (EPS ₹10.85), up 101% sequentially from Q1, reversing the loss reported in Sep 2024.
- Earnings Quality Divergence: CFO/EBITDA ratio fell to 51% in Mar 2026 from 85% in Mar 2025, indicating a significant gap between reported profits and cash realization.
- Working Capital Pressure: Inventory Days expanded to 67 days and Trade Receivables grew to ₹7,479.89 crore by Sep 2026, lengthening the Cash Conversion Cycle to 41 days.
- Leverage Reduction: Total Borrowings decreased to ₹10,204 crore as of Sep 2026, down from ₹15,341 crore at Mar 2026, despite overall asset growth.

### Bull Case

MRPL demonstrates a conditional upside case driven by strategic supply-chain adjustments and multi-timeframe technical momentum. To mitigate shipping risks from geopolitical tensions, the company is increasing crude oil purchases on a delivered basis, aiming to maintain full capacity at its 300,000 barrels-per-day facility while diversifying sourcing away from heavy reliance on Russia and the Middle East. This operational agility supports production stability despite external volatility.

Technically, the stock exhibits bullish signals on both daily and monthly timeframes as of November 6, 2026, with the Supertrend indicator confirming upward trends on these horizons. The daily Plus DI (27.04) significantly exceeds the Minus DI (16.4), indicating strong buying pressure relative to selling pressure. Furthermore, recent performance metrics show resilience, with a Year-to-Date return of +14.3% and a six-month return of +11.9%, outperforming shorter-term fluctuations. However, this constructive view is tempered by a bearish weekly Supertrend signal and a current drawdown of -15.2%, suggesting that near-term volatility remains elevated. Investors should monitor whether the company can sustain capacity utilization and if the daily bullish structure holds against the broader weekly resistance levels.

- Strategic Shift: MRPL is increasing delivered crude oil purchases to mitigate Iran war-related shipping risks and maintain full capacity at its 300,000 bpd facility.
- Technical Momentum: Daily and monthly Supertrend indicators are bullish as of 2026-11-06, with daily Plus DI (27.04) leading Minus DI (16.4).
- Performance Resilience: The stock has posted a YTD return of +14.3% and a 6-month return of +11.9%, despite a current drawdown of -15.2%.
- Monitoring Condition: Weekly trend remains bearish; investors should watch for confirmation of sustained daily strength above key resistance levels.

- [MRPL boosts delivered oil buying as Iran war raises shipping risks](https://economictimes.indiatimes.com/industry/energy/oil-gas/mrpl-boosts-delivered-oil-buying-as-iran-war-raises-shipping-risks/articleshow/135532794.cms)
- [Mangalore Refinery and Petrochemicals Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MRPL_04112026181149_Concallaudiovideointimation04112026sd.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/MRPL_04112026181250_Concallaudiovideointimation04112026sd.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/MRPL_30102026171728_intimationSD.pdf)
- [Mangalore Refinery and Petrochemicals Limited has informed the Exchange about Schedule of meet for Q2 FY 2026-27 Earnings Conference Call. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MRPL_30102026171616_intimationSD.pdf)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 3 PER SHARE |FACE VALUE:10 |RECORD DATE:21-Oct-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 3 PER SHARE |FACE VALUE:10 |RECORD DATE:21-Oct-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)

### Bear Case

MRPL faces operational headwinds from geopolitical instability and shifting demand dynamics. To mitigate shipping risks associated with the ongoing Iran war, the company is increasing crude oil purchases on a delivered basis, which alters its sourcing strategy for its 300,000 barrels-per-day facility. Additionally, MRPL anticipates that fuel exports may decline over the next few months as domestic consumption in India rises, potentially impacting revenue streams dependent on international markets.

From a technical perspective, while the monthly trend remains bullish, the weekly trend has turned bearish, signaling short-term weakness. The stock is currently trading at ₹175.40, sitting just above immediate support at ₹175.11. Broader volatility remains elevated, with an annualized volatility of +48.7% and a current drawdown of -15.2%. Although the daily Supertrend is bullish, the divergence between weekly bearishness and daily/monthly bullishness suggests a contested market structure where downside protection is thin.

- Geopolitical and Demand Risks: MRPL is adjusting crude sourcing to 'delivered' terms due to Iran war shipping risks and expects declining fuel exports as domestic Indian consumption rises.
- Weekly Trend Deterioration: The weekly Supertrend direction is bearish, contrasting with bullish daily and monthly signals, indicating near-term selling pressure.
- Price Action Vulnerability: The stock closed at ₹175.40 on 2026-11-06, hovering closely above immediate support at ₹175.11 (0.17% below), with limited buffer before the next support level at ₹170.34.
- Elevated Volatility and Drawdown: The stock exhibits high annualized volatility (+48.7%) and is currently in a -15.2% drawdown, reflecting significant price instability.

- [MRPL boosts delivered oil buying as Iran war raises shipping risks](https://economictimes.indiatimes.com/industry/energy/oil-gas/mrpl-boosts-delivered-oil-buying-as-iran-war-raises-shipping-risks/articleshow/135532794.cms)
- [Mangalore Refinery and Petrochemicals Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MRPL_04112026181149_Concallaudiovideointimation04112026sd.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/MRPL_04112026181250_Concallaudiovideointimation04112026sd.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/MRPL_30102026171728_intimationSD.pdf)
- [Mangalore Refinery and Petrochemicals Limited has informed the Exchange about Schedule of meet for Q2 FY 2026-27 Earnings Conference Call. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MRPL_30102026171616_intimationSD.pdf)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 3 PER SHARE |FACE VALUE:10 |RECORD DATE:21-Oct-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 3 PER SHARE |FACE VALUE:10 |RECORD DATE:21-Oct-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)

### FAQs

**What operational changes is MRPL making regarding crude oil sourcing, and why?**

MRPL is increasing crude oil purchases on a delivered basis to mitigate shipping risks associated with the ongoing Iran war and reduce freight costs. The company aims to diversify its crude sourcing, which currently includes significant volumes from Russia and the Middle East, to maintain full capacity at its 300,000 barrels-per-day facility.

**How might domestic demand affect MRPL's fuel export strategy in the near term?**

MRPL anticipates that fuel exports may decline over the next few months as domestic consumption in India rises. This projection suggests a shift in product allocation toward meeting local demand rather than international markets in the immediate future.

**What recent corporate actions have been taken by MRPL, and what were the key dates?**

MRPL declared an interim dividend of ₹3 per share with a face value of ₹10. The record date for this dividend was October 21, 2026. Additionally, the company held an analysts/institutional investor meet and conference call on November 4, 2026, to discuss financial results for Q2 FY 2026-27.

**What are the current technical support and resistance levels for MRPL stock?**

As of November 6, 2026, MRPL closed at ₹175.40. Immediate support is observed at ₹175.11 (0.17% below), with further support at ₹170.34 (2.89% below). Resistance levels are identified at ₹178.47 (1.75% above) and ₹179.99 (2.62% above).

- [MRPL boosts delivered oil buying as Iran war raises shipping risks](https://economictimes.indiatimes.com/industry/energy/oil-gas/mrpl-boosts-delivered-oil-buying-as-iran-war-raises-shipping-risks/articleshow/135532794.cms)
- [Mangalore Refinery and Petrochemicals Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MRPL_04112026181149_Concallaudiovideointimation04112026sd.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/MRPL_04112026181250_Concallaudiovideointimation04112026sd.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/MRPL_30102026171728_intimationSD.pdf)
- [Mangalore Refinery and Petrochemicals Limited has informed the Exchange about Schedule of meet for Q2 FY 2026-27 Earnings Conference Call. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MRPL_30102026171616_intimationSD.pdf)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 3 PER SHARE |FACE VALUE:10 |RECORD DATE:21-Oct-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 3 PER SHARE |FACE VALUE:10 |RECORD DATE:21-Oct-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Downtrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹178.47
- Risk regime: Price Risk Requires Attention

### Support levels
- 175.10500000000002
- 170.338125
- 167.11

### Resistance levels
- 179.99
- 183.09531249999998
- 186

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.96% |
| return_10 | +8.10% |
| return_1m | +0.39% |
| return_1y | +3.26% |
| return_20 | +0.89% |
| return_3m | +4.54% |
| return_5 | +1.30% |
| return_6m | +11.88% |
| return_since_start | +17.51% |
| return_ytd | +14.28% |

### 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 | +48.75% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# MRPL Q2 FY2026-27 Results: Profit Doubles Sequentially

Mangalore Refinery and Petrochemicals Limited (MRPL) reported consolidated profit for the quarter ended 30 September 2026 of ₹1,900.76 crore, up 101.0% from the June quarter. Profit before tax rose 107.4% to ₹2,518.93 crore, even as revenue from operations declined 14.5% to ₹35,590.40 crore. Total expenses fell more sharply, by 19.4%, to ₹33,002.22 crore, supporting the quarter’s improvement in profit.

## Revenue and earnings

Revenue from operations declined by ₹6,018.56 crore from ₹41,608.96 crore in the quarter ended 30 June 2026. It was 19.8% above the ₹29,720.13 crore reported in the quarter ended 31 December 2025. Net profit rose from ₹945.68 crore sequentially and was 31.0% above the December-quarter figure of ₹1,450.89 crore. Basic and diluted earnings per share were ₹10.85, compared with ₹5.40 in June and ₹8.28 in December.

## Lower expenses lift pre-exceptional profit

Expenses declined to ₹33,002.22 crore from ₹40,936.80 crore in the June quarter. Cost of materials consumed was ₹29,109.27 crore, while the change in inventories of finished goods, work in progress and stock in trade was negative ₹921.26 crore. Profit before exceptional items and tax increased to ₹2,637.69 crore from ₹743.05 crore sequentially.

MRPL recorded an exceptional charge of ₹118.76 crore, compared with an exceptional gain of ₹471.76 crore in June. Profit before tax therefore rose to ₹2,518.93 crore from ₹1,214.81 crore. Tax expense increased to ₹638.04 crore from ₹299.99 crore; current tax was ₹603.38 crore and deferred tax ₹34.66 crore. Net profit after tax was ₹1,900.76 crore.

## Finance costs and balance sheet

Finance costs rose 16.2% sequentially to ₹283.85 crore and 29.6% against the quarter ended 31 December 2025, when they were ₹218.96 crore.

At 30 September 2026, total assets were ₹47,575.87 crore, up from ₹44,481.23 crore at 30 June. Inventories increased to ₹16,749.90 crore from ₹14,421.56 crore, and trade receivables to ₹7,479.89 crore from ₹6,058.80 crore. Trade payables rose to ₹14,794.62 crore from ₹11,062.92 crore, alongside the increase in these current-asset balances.

Equity attributable to owners was ₹17,038.27 crore, compared with ₹14,196.87 crore at 30 June. Current borrowings fell to ₹1,193.75 crore from ₹5,829.29 crore, while non-current borrowings declined to ₹8,051.51 crore from ₹8,504.41 crore. Cash and cash equivalents increased to ₹693.61 crore from ₹564.48 crore.

## Management Commentary

Management reported standalone Q2 FY2026-27 EBIDTA of ₹3,210 crore, up from ₹1,565 crore a year earlier, alongside throughput (crude plus others) of 4.18 MMT versus 4.43 MMT in the year-ago quarter. Export revenue was ₹6,327 crore in the quarter, compared with ₹10,404 crore a year earlier, indicating a shift in sales mix toward domestic channels. The company also highlighted its first-ever international credit rating, a 'BBB-' with Stable Outlook from Fitch Ratings, at par with India's sovereign rating.

## Key Takeaway
MRPL’s Q2 profit more than doubled sequentially as expenses fell faster than revenue, lifting profit before exceptional items and tax despite a lower exceptional-item outcome than in June. Revenue remained higher than in the December comparison quarter, while finance costs and key working-capital balances also increased. The quarter’s earnings recovery is clear; the balance-sheet movements and higher financing cost remain important alongside the profit trend.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +88.58%
- FII holding: +2.17%
- DII holding: +0.39%
- Mutual fund holding: +0.31%
- Retail holding: +5.86%
- Promoter pledged: +0.00%

### Major reported shareholders

- Oil And Natural Gas Corporation Ltd — +71.63% (Bodies Corporate)
- Hindustan Petroleum Corporation Limited — +16.96% (Bodies Corporate)
- Investor Education And Protection Fund Authority Ministry Of Corporate Affairs — +1.38%

## Official filings

- 2026-11-07 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MRPL_07112026165956_customsorder07112026sd.pdf)
- 2026-11-07 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MRPL_07112026165700_customsorder07112026sd.pdf)
- 2026-11-04 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MRPL_04112026181149_Concallaudiovideointimation04112026sd.pdf)
- 2026-11-04 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MRPL_04112026181250_Concallaudiovideointimation04112026sd.pdf)
- 2026-10-30 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MRPL_30102026171728_intimationSD.pdf)
- 2026-10-30 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MRPL_30102026171616_intimationSD.pdf)
- 2026-10-21 — Corporate Action Notice: Mangalore Refinery and Petrochemicals Limited - Ex-Date: 21-Oct-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-10-21 — Corporate Action Notice: Mangalore Refinery and Petrochemicals Limited - Ex-Date: 21-Oct-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-10-21 — Corporate Action Notice: Mangalore Refinery and Petrochemicals Limited - Ex-Date: 21-Oct-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-10-19 — Corporate Action Notice: Mangalore Refinery and Petrochemicals Limited - Ex-Date: 21-Oct-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-10-19 — Corporate Action Notice: Mangalore Refinery and Petrochemicals Limited - Ex-Date: 21-Oct-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-10-19 — Corporate Action Notice: Mangalore Refinery and Petrochemicals Limited - Ex-Date: 21-Oct-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-10-16 — Corporate Action Notice: Mangalore Refinery and Petrochemicals Limited - Ex-Date: 21-Oct-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-10-16 — Corporate Action Notice: Mangalore Refinery and Petrochemicals Limited - Ex-Date: 21-Oct-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-10-16 — Corporate Action Notice: Mangalore Refinery and Petrochemicals Limited - Ex-Date: 21-Oct-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-10-14 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_216_WebXMLFile_20261014_203508675.xml)
- 2026-10-14 — Financial Results Filing: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1738171_14102026083526_WEB.xml)
- 2026-10-14 — Financial Results Filing: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1738172_14102026083531_WEB.xml)
- 2026-10-14 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MRPL_14102026203802_ResultsSD.pdf)
- 2026-10-14 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MRPL_14102026204241_ResultsSD.pdf)
- 2026-10-14 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MRPL_14102026205039_ResultsSD.pdf)
- 2026-10-14 — Press Release: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MRPL_14102026204648_Press_releaseSD.pdf)
- 2026-10-14 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MRPL_14102026205429_ResultsSD.pdf)
- 2026-10-14 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MRPL_14102026205238_ResultsSD.pdf)
- 2026-10-14 — Generic Announcement: Mangalore Refinery and Petrochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MRPL_14102026205718_securitycoverSD.pdf)

## News and market events

- 2026-11-06 — Economic Times: **Quant Small Cap Fund adds Jio Platforms and 4 others; increases stake in Adani Power, 5 more** — Quant Small Cap Fund added Jio Platforms, Primo Chemicals, and three other stocks to its portfolio in October while increasing exposure to Adani Power and LIC Housing Finance. The fund exited five holdings including Delhivery and Jubilant Pharmova, reduced positions in Bandhan Bank and others, and maintained holdings in nearly 90 stocks. Managed by a team of seven investment professionals, the fund reported an AUM of Rs 30,809.27 crore in October, down from Rs 35,572 crore in September. — [Source](https://economictimes.indiatimes.com/mf/analysis/quant-small-cap-fund-adds-jio-platforms-and-4-others-increases-stake-in-adani-power-5-more/articleshow/135603855.cms)
- 2026-11-04 — Economic Times: **MRPL boosts delivered oil buying as Iran war raises shipping risks** — Mangalore Refinery and Petrochemicals Ltd (MRPL) is increasing crude oil purchases on a delivered basis to mitigate shipping risks associated with the ongoing Iran war and reduce freight costs. The state-run refiner aims to diversify its crude sourcing, which currently includes significant volumes from Russia and the Middle East, to maintain full capacity at its 300,000 barrels-per-day facility. Additionally, MRPL anticipates that fuel exports may decline over the next few months as domestic consumption in India rises. — [Source](https://economictimes.indiatimes.com/industry/energy/oil-gas/mrpl-boosts-delivered-oil-buying-as-iran-war-raises-shipping-risks/articleshow/135532794.cms)
- 2026-10-28 — FEEDS: **Stock Market Live: Sensex Down 300 Points, Nifty Near 22,700; Syngene Zooms 11%, MRPL Tanks 9%** — Stock Market LIVE Updates: Barring Nifty Auto, all other sectoral indices were trading in the red, with Nifty IT falling the most over 3%, followed by Nifty FMCG, Nifty Oil & Gas, Nifty Realty, Nifty Metals and Nifty Pharma. — [Source](https://www.ndtvprofit.com/markets/stock-market-live-updates-gift-nifty-live-updates-today-sensex-today-nifty50-jio-platforms-ipo-listing-q2-earnings-brent-crude-october-28-2026-12246212)
- 2026-10-27 — Times of India: **MRPL wins two national innovation awards | Mangaluru News - The Times of India** — MRPL wins two CHT Innovation Awards 2025–26 for KARVE IBB pharma tech and REVEAL FCC refinery optimiser, marking fifth straight national innovation recognition. — [Source](https://timesofindia.indiatimes.com/city/mangaluru/mrpl-wins-two-national-innovation-awards/articleshow/135236666.cms)
- 2026-10-27 — The Hindu: **MRPL receives two innovation awards instituted by petroleum ministry** — MRPL wins two Innovation Awards 2025-26 for KARVE IBB and REVEAL FCC, highlighting indigenous tech and refinery digital optimization. — [Source](https://www.thehindu.com/news/cities/Mangalore/mrpl-receives-two-innovation-awards-instituted-by-petroleum-ministry/article71632161.ece)
- 2026-10-23 — Mint: **Chennai Petroleum vs MRPL: Which PSU refinery stock wins on Q2 profit, revenue, dividends? Experts weigh in on outlook** — Chennai Petroleum vs MRPL: Chennai Petroleum Corporation Limited and Mangalore Refinery and Petrochemicals Limited (MRPL) are among top refinery Public Sector Undertaking (PSUs) that have recently announced second quarter results for the financial year 2026-27.While Chennai Petro reported a 212% yearly jump in net profit, MRPL’s Q2 profit more than tripled on an annual basis. — [Source](https://www.livemint.com/market/stock-market-news/chennai-petroleum-vs-mrpl-which-psu-refinery-stock-wins-on-q2-profit-revenue-dividends-experts-weigh-in-on-outlook-11792771887198.html)
- 2026-10-19 — Times of India: **MRPL workers’ panel sets Oct 31 deadline on jobs, safety | Mangaluru News - The Times of India** — MRPL workers’ panel sets Oct 31 deadline for contract rights, jobs for land losers and safety measures near refinery; warns of intensified agitation. — [Source](https://timesofindia.indiatimes.com/city/mangaluru/mrpl-workers-panel-sets-oct-31-deadline-on-jobs-safety/articleshow/135053758.cms)
- 2026-10-18 — CNBC-TV18: **Record Dates This Week: JSW Dulux, Tech Mahindra among 13 important names with corporate actions lined up** — As many as 13 stocks, including Tech Mahindra, VRL Logistics, JSW Dulux among others will see record dates for their dividends, stock splits and share buybacks this week. Details follow in the story. — [Source](https://www.cnbctv18.com/market/record-dates-this-week-tech-mahindra-jsw-dulux-ltm-vrl-logistics-share-price-stock-split-dividend-buybacks-20014547.htm)
- 2026-10-18 — Mint: **Dividend record date: Last chance to buy today to qualify, Elecon, ICICI Prudential AMC, MRPL - Who pays max amount?** — Elecon Engineering, ICICI Prudential AMC and MRPL set October 21 as the record date for their dividends. With Tuesday a market holiday and India following T+1 settlement, Monday, October 19, is the last day to buy shares and qualify. — [Source](https://www.livemint.com/market/stock-market-news/dividend-record-date-last-chance-to-buy-today-to-qualify-elecon-icici-prudential-amc-mrpl-who-pays-max-amount-11792336666965.html)
- 2026-10-18 — Economic Times: **Bonus issues, stock splits & dividends: HDB Financial, IRFC, TechM among 19 stocks turning ex-record date this week** — Around 19 companies including LTIMindtree, Tech Mahindra, IRFC, HDB Financial Services, and Angel One have fixed their record dates for dividends, stock splits, and bonus issues during the week of October 19-23. Investors must hold shares in their demat accounts by the record date to qualify. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/bonus-issues-stock-splits-dividends-hdb-financial-irfc-techm-among-19-stocks-turning-ex-record-date-this-week/articleshow/135024511.cms)
- 2026-10-17 — DECCANCHRONICLE.COM: **MRPL Blast: Another Victim Succumbs to Injuries** — This takes the toll in the September 30 accident at Mangalore Refinery and Petrochemicals Limited (MRPL) to two, they said — [Source](https://www.deccanchronicle.com/southern-states/karnataka/mrpl-blast-another-victim-succumbs-to-injuries-1996707)
- 2026-10-17 — The Hindu: **MRPL fire: Another employee succumbs to burns** — Rajesh D’Silva was among 12 persons who were injured in the fire on September 30. He was undergoing treatment in a private hospital. He succumbed to burns on October 17 morning. — [Source](https://www.thehindu.com/news/cities/Mangalore/mrpl-fire-another-contract-employee-succumbs-to-burns/article71595535.ece)
- 2026-10-17 — CNBC-TV18: **India bars sugarcane juice, syrup-based ethanol in 2026-27 tender; OMCs seek 1,100 crore litres** — India’s oil marketing companies have invited bids for around 1,100 crore litres of ethanol for the 2026-27 supply year, with offers for ethanol made from sugarcane juice, sugar, sugar syrup and B-heavy molasses excluded following the government’s directive to reduce sugar diversion for ethanol to ze — [Source](https://www.cnbctv18.com/india/india-bars-sugarcane-juice-syrup-based-ethanol-in-2026-27-tender-omcs-seek-1100-crore-litres-20014065.htm)
- 2026-10-16 — The Hindu: **Financial impact of fire accident estimated at ₹118.76 crore: MRPL** — MRPL estimates ₹118.76 crore financial impact from September fire at Coker Hydrotreater, with insured losses and provisional Q2-2026-27 results and interim dividend announced. — [Source](https://www.thehindu.com/news/cities/Mangalore/financial-impact-of-fire-accident-estimated-at-11876-crore-mrpl/article71592292.ece)
- 2026-10-15 — The Hindu: **MRPL contract workers will get ₹5 lakh health insurance cover, says MP** — MRPL approves ₹5 lakh health insurance for contract workers and family, plus new women facilities, amid ongoing employee union demands. — [Source](https://www.thehindu.com/news/cities/Mangalore/mrpl-contract-workers-will-get-5-lakh-health-insurance-cover-says-mp/article71588940.ece)
- 2026-10-15 — Times of India: **MRPL contract workers to get Rs 5 lakh health insurance | Mangaluru News - The Times of India** — MRPL contract workers in Mangaluru to get Rs 5 lakh health insurance for families after approval; over 2,000 workers benefit, plus separate women’s facilities. — [Source](https://timesofindia.indiatimes.com/city/mangaluru/mrpl-contract-workers-to-get-rs-5-lakh-health-insurance/articleshow/134970419.cms)
- 2026-10-15 — Mint: **Mangalore Refinery and Petrochemicals share price plunges 7% despite strong Q2 results | What should investors do?** — Mangalore Refinery and Petrochemicals shares opened at ₹189.60 per share on NSE today, as compared to previous close of ₹185.26 on Wednesday and touched an intraday low of ₹171.20 on 15 October. — [Source](https://www.livemint.com/market/stock-market-news/mangalore-refinery-and-petrochemicals-share-price-plunges-7-despite-strong-q2-results-what-should-investors-do-11792043947000.html)
- 2026-10-15 — MONEYCONTROL: **Hold MRPL; target of Rs 180: Prabhudas Lilladher** — Prabhudas Lilladher, hold, MRPL, Recommendations — [Source](https://www.moneycontrol.com/news/business/hold-mrpl-target-of-rs-180-prabhudas-lilladher-14052596.html)
- 2026-10-14 — The Hindu: **MRPL Q2’s registers PAT at ₹1,881, up by 194%** — The company informed stock exchanges that the board of directors of MRPL on Wednesday approved the company’s standalone and consolidated financial results for the second quarter and half year of 2026-27. — [Source](https://www.thehindubusinessline.com/companies/mrpl-q2s-registers-pat-at-1881-up-by-194/article71584951.ece)
- 2026-10-14 — CNBC-TV18: **MRPL Q2 results: Net profit nearly triples to ₹1,881 crore, revenue jumps 37%** — Revenue jumps 43.6% year-on-year to ₹32,516 crore; EBITDA rises to ₹3,279 crore, while ₹118.76 crore is recognised as an exceptional item following a fire incident at the refinery. — [Source](https://www.cnbctv18.com/market/earnings/mrpl-q2-results-net-profit-nearly-triples-to-rs1881-crore-revenue-jumps-37-20012054.htm)
- 2026-10-12 — Orissa POST: **Trump to attend ASEAN summit in Manila, then APEC summit in China - OrissaPOST** — Washington: President Donald Trump will travel to Manila next month for the Association of Southeast Asian Nations (ASEAN) summit before heading to China for the Asia-Pacific Economic Cooperation (APEC) summit, the White House has said. Trump will take part in the summit in the Philippine capital on November 16 and then go to Shenzhen for […] — [Source](https://www.orissapost.com/trump-to-attend-asean-summit-in-manila-then-apec-summit-in-china/)
- 2026-10-09 — The Hindu: **EPFO settles social security benefits for family of MRPL fire victim** — EPFO Mangaluru quickly settles EPF, EDLI, and pension for MRPL contract worker’s bereaved family after a fatal incident. — [Source](https://www.thehindu.com/news/cities/Mangalore/epfo-settles-social-security-benefits-for-family-of-mrpl-fire-victim/article71565152.ece)
- 2026-10-08 — The Hindu: **MRPL, ONGC and OPaL form new petrochemicals marketing joint venture** — The new entity will oversee branding, pricing, distribution, logistics, customer management and sales planning for the group’s downstream products — [Source](https://www.thehindubusinessline.com/markets/stock-markets/mrpl-ongc-and-opal-form-new-petrochemicals-marketing-joint-venture/article71559787.ece)
- 2026-10-08 — FREEPRESSJOURNAL.IN: **ONGC Invests ₹25 Crore In New Petrochemicals Venture, Forms ₹50 Crore Joint Company With MRPL And OPaL** — ONGC has formed a Rs 50 crore petrochemicals marketing company with MRPL and OPaL, taking a 50 percent stake to strengthen integrated trading, distribution and sales operations. — [Source](https://www.freepressjournal.in/business/ongc-invests-25-crore-in-new-petrochemicals-venture-forms-50-crore-joint-company-with-mrpl-and-opal)
- 2026-10-07 — BUSINESSTODAY: **CPCL, MRPL shares surge up to 13%; why are these refiners gaining?** — CPCL, MRPL, Chennai Petroleum, Mangalore Refinery, refinery stocks, crude oil prices, Brent crude, oil prices, gross refining margins, GRMs, OMCs, oil stocks — [Source](https://www.businesstoday.in/markets/stocks/story/cpcl-mrpl-shares-surge-up-to-13-why-are-these-refiners-gaining-560090-2026-10-07)

## 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: 2026-11-06
- Source: Faxioms public stock analysis API

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