energy

Mangalore Refinery (MRPL)

MRPL · Nifty 50

₹161.07

Price 2026-06-17

BROAD EXPANSION73% confidence

At a Glance

Sector Positionenergy sector. Flow: outflow. is not among current leaders. Regime: BROAD EXPANSION (73%).

Fundamental Score95/100 (STRONG). 2 positive flags, 4 concerns.

Historical Context58 similar technical setups. Average outcome: -11.0% decline. 0% positive.

Fundamental

95/100

STRONG

Trust

95/100

Verification

Coverage

44/100

LIMITED

Quick Take

Mangalore Refinery (MRPL) scores 95/100 on fundamentals (strong). Mangalore Refinery (MRPL): BROAD EXPANSION regime.

Fundamental Score: 95/100 · STRONG · 2 signals detected

DuPont Analysis

ROE 11.7% broken into three drivers. Each shows how efficiently the company generates returns.

ROE11.7%=

1.8%Net Margin

2.0xTurnover

3.1xLeverage

ROE of 11.74% is moderate efficiency-driven and stable. Net margin of 1.8% × asset turnover of 2.04x × leverage of 3.1x.

What This Means

Net margin of 1.8% means the company keeps ₹1.8 as profit for every ₹100 of revenue. This is a low-margin business. Asset turnover of 2.04x means the company efficiently uses its assets to generate revenue. Leverage of 3.1x means the company uses significant debt. Higher leverage amplifies returns but also risk.

Margin Structure

Gross

9.4%

Operating

5.1%

Net

1.8%

declining

Gross margin 9.4% → operating margin 5.1% → net margin 1.8%. Margins are DECLINING. Check if input costs are rising or competition is pressuring pricing.

Financial Health

Earnings Quality

STRONG

Cash flow covers net income 1.5x — earnings are HIGH QUALITY. The company converts profit to cash efficiently.

Debt Sustainability

COMFORTABLE

Interest covered 4.9x — adequate buffer. Debt is manageable. Debt/EBITDA at 3.4x is moderate.

Free Cash Flow

STRONG

FCF margin at 1.2% — barely positive. Limited cash after capex.

Peer Comparison

Mangalore Refinery (MRPL) is compared against 10 peers in the energy sector.

ADANIENSOL ADANIGREEN AEGISLOG ATGL BPCL CASTROLIND GAIL HINDPETRO IOC MGL

Key Watchpoints

🟢

Breaks above ₹169 (+5%)

Trend reversal confirmation

🔴

Breaks below ₹153 (-5%)

Further downside risk

🟢

Energy sector entering leadership

Sector rotation signal

Detected Patterns

➡️ Leverage Slowly Rising: Debt growing faster (16.7%) than equity (9.5%)

✅ High Earnings Quality: Cash flow covers earnings 1.5x — strong cash conversion

Risk Flags

🔴 2 Critical⚠️ 2 Warning✅ 2 Positive6 total flags

🔴Cash covers only 3% of current liabilities

Balance Sheet

Liquidity squeeze. Company may struggle to meet short-term obligations without refinancing.

🔴Overall governance risk: 10/10

Governance

Elevated risk score. Review audit, board, and shareholder rights metrics.

⚠️Working capital changes are 149% of operating cash flow

Cash Flow

Working capital is consuming significant cash. Operational efficiency declining.

⚠️Board risk elevated: 10/10

Governance

Governance structure concerns. Independent director representation may be weak.

✅High promoter holding: 90%

Governance

Strong insider alignment. Promoters have significant skin in the game.

✅Price/Sales: 0.3x — reasonable revenue multiple

Valuation

Company not overvalued on revenue basis.

🔴 2 CRITICAL flags — significant concerns. Investigate before investing.

Data Quality

95/100All ratios self-computed from verified sources. 🟢 5 years of financial data — sufficient for trend analysis

News Correlation

margin pressure (4)management outlook (4)

✅ Our margin analysis (declining) matches news reports of cost/margin pressure

50 articles scanned for fundamental themes

Facts

P/E Ratio

14.7UNAVAILABLE

P/B Ratio

2.0HIGH

Market Cap

₹2821859.2L CrHIGH

From 52W High

76% of high

Sector Peers

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