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Mangalore Refinery And Petrochemicals Ltd dividend

Mangalore Refinery And Petrochemicals Ltd dividend

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Mangalore Refinery And Petrochemicals Ltd

NSE: MRPL

DPS

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Last updated : FY 2023

Key Highlights

    The Dividend per Share of Mangalore Refinery And Petrochemicals Ltd is ₹ 0 as of 2023 .a1#The Dividend Payout of Mangalore Refinery And Petrochemicals Ltd changed from 78.29 % on March 2019 to 0 % on March 2023 . This represents a CAGR of -100.00% over 5 years. a1#The Latest Trading Price of Mangalore Refinery And Petrochemicals Ltd is ₹ 213.15 as of 11 Jun 15:30 .a1#The Market Cap of Mangalore Refinery And Petrochemicals Ltd changed from ₹ 13056 crore on March 2019 to ₹ 9215 crore on March 2023 . This represents a CAGR of -6.73% over 5 years. a1#The Revenue of Mangalore Refinery And Petrochemicals Ltd changed from ₹ 32335 crore to ₹ 25369 crore over 8 quarters. This represents a CAGR of -11.42% a1#The EBITDA of Mangalore Refinery And Petrochemicals Ltd changed from ₹ 4759 crore to ₹ 2362 crore over 8 quarters. This represents a CAGR of -29.55% a1#The Net Profit of Mangalore Refinery And Petrochemicals Ltd changed from ₹ 2716 crore to ₹ 1138 crore over 8 quarters. This represents a CAGR of -35.26% a1#

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Share Price Vs Dividend Yield

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Fundamental Metrics

Market Cap

35,604 Cr

EPS

20.5

P/E Ratio (TTM) *

9.9

P/B Ratio (TTM) *

2.7

DTE *

1.0

ROE *

27.1

ROCE *

25.1

Dividend Yield *

0

DPS *

0

Dividend Payout *

0

Ann.Dividend % *

0

* All values are consolidated

* All values are consolidated

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Dividend Payout Over Time

Dividend payout refers to the total dividends paid to shareholders relative to the company's earnings. It is a financial measure that determines the percentage of earnings paid out to existing shareholders as dividends. How to calculate Dividend Payout Ratio? The dividend payout ratio formula is as follows: DPR = Dividends paid / Net earnings With the dividend payout ratio, you can understand the company's priorities. It is an important metric that allows you to easily check DPR online.

Dividend Payout Over Time

Period
Mar '1978
Mar '200
Mar '210
Mar '220
Mar '230

* All values are a in %

Dividend per Share (DPS) Over Time

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DIVIDENDYIELD

Dividend Yield is a financial ratio that shows the annual dividend income relative to the market price of a share. It is calculated by dividing the dividend per share by the current market price per share, expressed as a percentage.

Dividend Yield Comparison With Top Peers

1M

1Y

3Y

5Y

* All values are in %

Net Profit Vs Dividend Per Share

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Mangalore Refinery And Petrochemicals Ltd

NSE: MRPL

PRICE

213.15

7.85 (3.82%)

stock direction

Last updated : 11 Jun 15:30

SWOT Analysis Of Mangalore Refinery And Petrochemicals Ltd

Strength

3

S

Weakness

2

W

Opportunity

0

O

Threats

1

T

BlinkX Score for Mangalore Refinery And Petrochemicals Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

Dividend Overview for Mangalore Refinery And Petrochemicals Ltd

  • Mangalore Refinery And Petrochemicals Ltd, boasts of a market capitalization of Rs 35604 Cr., with a share price of Rs 213.15 as of 11 Jun 15:30. While all stocks don't consistently pay dividends, Mangalore Refinery And Petrochemicals Ltd rewarded its shareholders, distributing 0.0 % for the full year.
  • In the year ending 2022, Mangalore Refinery And Petrochemicals Ltd declared a dividend of Rs 0, resulting in a dividend yield of 0.0% Assessing its dividend-paying capacity and valuation is crucial to determine its suitability as a dividend stock.
  • During the year ending 2023, Mangalore Refinery And Petrochemicals Ltd recorded revenues of Rs 90399 Cr, with a trailing EBITDA Margin of 7.5% and net-profit of Rs 3597 Cr

Overview of Dividend

Types of Dividend


Special Dividend

A dividend is paid on common stock when a company has accumulated substantial profits over years, often seen as excess cash that doesn't need immediate use.


Preferred Dividend

A quarterly dividend is paid to preferred stock owners, typically accumulating a fixed amount, and is earned on shares that function more like bonds.


Interim Dividend

Companies declare interim dividends before final full-year accounts are prepared, specifically in India, during the financial year from April to March of the following year.


Final Dividend

A final dividend is issued after the year's accounts have been compiled. Aside from this, the following list highlights the most prevalent sorts of dividends:


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Market Cap Over Time

Market Cap or market capitalisation refers to metrics that are used to measure a company's size. It is defined as the total market value of a company's outstanding shares of stock. Formula of Market Cap: Market Capital = N * P Here, N for the outstanding shares P refers to the closing price of the company's shares. Types of Companies based on Market Cap: - Small-Cap stocks: Up to 500 Crore - Mid-Cap Stocks: From Rs.500 crore up to Rs.7,000 crore - Large-Cap Stocks: From Rs.7,000 crore up to Rs.20,000 crore

Market Cap Over Time

Period
Mar '1913057
Mar '204049
Mar '216800
Mar '227273
Mar '239215

* All values are a in crore

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Revenue Over Time

Revenue term means the amount of money a company earns from its primary business activities such as the sales of its products & services. Types of Revenue: 1. Operating revenue: It refers to the income generated from the core business activities, which are sales of goods or services rendered. 2. Non-Operating revenue: It is the income generated from secondary sources unrelated to the primary business. Examples include rents, dividends, interest, and royalty fees. Formula for Revenue: The formula for calculating revenue is based on two goods & services: For goods: Revenue = Avg unit price x Number of Units sold For services: Revenue = Avg unit price x Number of Customers served.

Revenue Over Time

Period
Jun '2232335
Sep '2224650
Dec '2226610
Mar '2225457
Jun '2321227
Sep '2319296
Dec '2324712
Mar '2325370

* All values are a in crore

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EBITDA Over Time

PBIDT stands for Profit Before Interest, Depreciation, and Taxes. It is a financial metric that measures a company's profitability before accounting for interest expenses, depreciation of assets, and taxes. Formula to calculate PBIDT: PBIDT = Net Income + Interest + Depreciation + Taxes or PBIDT = Operating Income + Depreciation + Taxes PBIDT vs EBITDA vs EBIT vs EBT: Here is a brief explanation of the differences: - PBIDT (Profit Before Interest, Depreciation, and Taxes) includes taxes in its calculation, unlike EBITDA. - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) excludes taxes and interest, focusing on operational performance. - EBIT (Earnings Before Interest and Taxes) excludes interest and taxes, providing a measure of core operational profitability. - EBT (Earnings Before Taxes) includes all operating income but does not account for interest expenses. Conclusion: PBIDT, similar to EBITDA, is a measure of operational profitability but includes taxes in its calculation.

EBITDA Over Time

Period
Jun '224759
Sep '22-1953
Dec '22340
Mar '223582
Jun '232122
Sep '232205
Dec '231204
Mar '232362

* All values are a in crore

×

Net Profit Over Time

Net profit is the amount of money a company retains after accounting for all expenses, depreciation, interest, taxes, and other deductions. Net Profit formula is expressed as: Net Profit = Total Revenue - Total Expense Net Profit Margin Ratio: Net Profit Margin Ratio = Net Profit / Total Revenue

Net Profit Over Time

Period
Jun '222716
Sep '22-1779
Dec '22-195
Mar '221913
Jun '231015
Sep '231052
Dec '23392
Mar '231139

* All values are a in crore

About Mangalore Refinery And Petrochemicals Ltd

About Mangalore Refinery And Petrochemicals Ltd

    Mangalore Refinery and Petrochemicals Limited (MRPL), is a Schedule A' Miniratna, Central Public Sector Enterprise (CPSE) under the Ministry of Petroleum & Natural Gas (MoP&NG), Government of India (GoI). The Company is engaged in the business of refining of crude oil. It is a subsidiary of Oil and Natural Gas Corporation Limited (ONGC), which holds 71.63% equity shares. The Company's 15 million metric tonne (MMT) refinery is located North of Mangaluru City, in Dakshina Kannada Dist. of Karnataka. MRPL, with its parent company ONGC, owns and operates ONGC Mangalore Petrochemicals Limited (OMPL), a petrochemical unit capable of producing 1 Million Tonnes of Para Xylene. OMPL, situated in the adjacent Mangalore Special Economic Zone (MSEZ), is integrated with the refinery operations. Para Xylene from OMPL is sold in the export market. Shell MRPL Aviation Fuels and Services Limited (SMA), a 50:50 joint venture between MRPL and Shell Gas B.V. (Shell), a step down subsidiary of Royal Dutch Shell Plc, Netherlands markets aviation turbine fuel (ATF) to airlines, both domestic as well as International carriers. SMA currently procures ATF from MRPL Refinery Complex, and supplies at Bengaluru, Goa, Mangalore, Hyderabad, Chennai, Calicut and Madurai. SMA also services International Carriers through alternative supply arrangement at Mumbai, Delhi and Kolkata. MRPL was incorporated in 7th March of the year 1988 and commenced a business in 2nd August as a joint venture oil refinery promoted by Hindustan Petroleum Corporation and Indian Rayon & Industries Limited (IRIL) & Associates (AV Birla Group). The Company made a mega Public Issue consisting 4,31,60,000 16% Secured Redeemable Partly Convertible Debentures (PCDs) of Rs.135/- each aggregating to Rs.582.66 crores in the year 1993 and also 2,80,00,000/- 17.5% Secured Redeemable Non Convertible Debentures of Rs.200/- each (with detachable Equity Warrants) aggregating to Rs.560 crores. During the same year MRPL tied up for the process technologies with internationally reputed technology suppliers. It commissioned a 45 MW cogeneration power plant in September of the year 1995. MRPL commissioned its three million tonnes refinery towards the end of 1995-96 and it has been operating at more than 100 per cent capacity. In the year 1998, The Company had entered into an agreement with the National Securities Depository Limited (NSDL) to facilitate investors to hold the Shares in the electronic form. MRPL signed a crude-sourcing deal with the Chevron-Texaco combine in the year 1999. During the year 2000, the company and Reliance Petroleum had entered into First World markets with Petro-products like motor spirit at prices, which are not only competitive but have also contributed to the bottom lines of these companies. MRPL had enhanced its refining capacity to 12 million tonnes through a cost-effective process of debottlenecking some units. ICRA had downgraded the non-convertible debenture program in the year 2001 and also the partially convertible debenture programme of the company. The refining capacity was expanded to 9 MMT p.a from 3 MMT p.a in April of the year 2001 and commercial production started during the year. In 2003, ONGC and MRPL had signed a Memorandum of Understanding for the supply of crude oil. As at 28th March of the year 2003, ONGC acquired the total shareholding of 37.39% held by A.V. Birla Group and further infused equity capital of Rs.600 crores consequently made MRPL a majority held subsidiary of ONGC. The Company had contributed Rs 20 crore to New Mangalore Port Trust towards construction of new jetty at the port for exclusive use of the company. Further it is participating as an equity shareholder in the 364 km long cross country multi product Mangalore-Hassan-Bangalore pipeline which will help the company in accessing wider consumption areas for its products. The Hassan-Bangalore Pipeline project of 367 KM long was operational and the first parcel of HSD was transported through this pipeline and was delivered at Bangalore on 1st August of the year 2003. The Centre for High Technology (CHT) selected the MRPL for the Jawaharlal Nehru centenary awards under energy performance of refineries for the year 2003-04. Shell made tie-up with MRPL for Petro products in the year 2004. During the year 2004-05, based on the MOU with ONGC the company purchased 3.7 MMT Mumbai High Crude on pricing formula applicable to other PSU Refineries. MRPL had signed a pact with Saudi, Iran firms for crude supply in the year 2005, also in the same year; the company had forged alliance with Ashok Leyland for retail outlets. The Company forged alliance with Abu Dhabi firm in the year 2006 and MRPL had inked an agreement with Mauritius Company. In the identical year ICRA Ltd had assigned an Issuer Rating of IR AAA to the company. During the year 2006-07, the company took implementation of a large Refinery Upgradation and Expansion project at a cost of Rs.7943 crore. For Aromatics Project worth of Rs.4852 crore, ONGC and MRPL had incorporated a Joint Venture company under the name of ONGC Mangalore Petrochemicals Ltd (OMPL). In July of the year 2007, The Company had entered into a contract with State Trading Corporation (STC), Mauritius to supply petroleum products and also in the same year, in September, MRPL had signed a 4-year product supply agreement (extendable by another two years) with Shell India Marketing. As at January 2008, MRPL along with Shell Aviation made a landmark agreement for the purpose of entering an exclusive joint venture to market and supply aviation fuel. MRPL sold its first spot cargo to Iran in April 2008. On 23 June 2008, ONGC and MRPL announced withdrawal from Kakinada Refinery & Petrochemicals Limited (KRPL) and Kakinada Special Economic Zone (KSEZ) Projects. The Management of Oil and Natural Gas Corporation Ltd (ONGC) and its subsidiary Mangalore Refinery & Petrochem Ltd (MRPL) has been considering ways and means to establish a Greenfield refinery in the SEZ at Kakinada. There have been various issues affecting the steering of Projects of Kakinada Refinery & Petrochemicals Ltd (KRPL) and Kakinada Special Economic Zone (KSEZ). Considering these various factors, the Management of ONGC and MRPL feel that it will be appropriate not to continue as equity partners in these two projects. Accordingly in the meeting of Board of Directors of KRPL and KSEZ held on 23 June 2008, the Management of ONGC and MRPL has informed that they have decided to withdraw from the two Projects with immediate effect. ONGC's proposed equity participation, through its subsidiary MRPL, was 46% in KRPL and 26% in KSEZ. The Board of Directors of ONGC at its meeting held on 23 July 2009 approved the Investment proposal of MRPL for installation of a Polypropylene unit integrated with the MRPL Phase-3 complex facilities, which is under implementation, with an estimated Capex of Rs 1803.78 crore. The Project envisages value addition through conversion of Polymer grade propylene produced from the Petrochemical Fluidised Catalytic Cracking Unit (PFCCU) being implemented under the Phase-3 Refinery Project to Polypropylene. The nameplate capacity of the Polypropylene plant is 440,000 TPA. The completion of Basic Design Engineering package and execution of the project is targeted in 30 months. The Polypropylene produced from MRPL complex would help in bridging the gap between supply and demand in the southern region of India. The MRPL Board in its meeting held on 16 February 2010 decided to increase the name-plate capacity/installed capacity of its refinery (Phase- I and Phase- II units) from the existing 9.69 MMTPA to 11.82 MMTPA considering the successful utilization of Design Margins available in the units over a period of 4 years. The cost of the expansion project is estimated at Rs 12412 crore. The mega Project will be funded through a 2:1 debt equity ratio. The equity portion will be financed using the MRPL internal accruals and the debt would be raised from the market. With the commissioning of Crude and Vacuum Distillation Unit-III (CDU / VDU-III) on 29 March 2012, production went on stream from the Phase-III Refinery Expansion-cum-Upgradation Project of MRPL. Thus, the name plate capacity of MRPL Refinery went up to 15 MMTPA from 11.82 MMTPA. On 6 June 2012, MRPL announced that it has been granted special tax incentives/concession package by the Karnataka state government for a period of 15 years comprising of entry tax, CST exemption and VAT deferment equal to 100% and 60% of eligible gross VAT for first 3 years and balance 12 years respectively. The entry tax on capital goods bought during construction is also exempted during project execution stage. On 8 July 2013, MRPL announced that it has been upgraded from Schedule 'B' status to Schedule 'A' status by Department of Public Enterprises (DPE), Government of India (GOI) with effect from 4 July 2013. This implies greater autonomy to the management, growth in organizational hierarchy besides placing MRPL in a better position in the international competitive market. On 2 September 2013, MRPL announced that it has successfully commissioned Single Point Mooring (SPM) system off Tannirbavi coast. This facility will enable the company to receive crude in Suez Max/VLCC vessels which in turn will give freight economics and allow access to West African and Latin American crudes. This facility will also decongest existing berth facility at NMPT port for enhanced capacity operation of the refinery and reduce the incidence of demurrage. This facility is also intended for crude receipt by the Indian Strategic Petroleum Reserve Limited underground cavern for storage of crude at Mangalore. Commissioning of the SPM is expected to improve the bottom line of the company MRPL's Delayed Coker Unit (DCU) of 3 MMTPA, which is part of the Refinery Up-gradation cum Expansion Project, went on stream on 3 April 2014. With this the Fuel Oil production will come down drastically with corresponding increase in high value products. On 27 August 2014, MRPL announced that the Petro Fluidized Catalytie Cracking (PFCC) Unit has been successfully commissioned on 27 August 2014 in Phase-III project of the Company and products are being routed to respective destinations. This will increase LPG, light distillates and production of Propylene which is a feed for Polypropylene Unit. On 8 December 2014, MRPL announced that the company has obtained a bulk supply order of petcoke form M/S Ramco Cements Ltd. to supply 6000 metric tonnes of petcoke by barge from NMPT, Mangalore. This is the first major bulk supply of petcoke by barge. The Board of Directors of MRPL at its meeting held on 9 February 2015 approved acquiring of major stake in ONGC Mangalore Petrochemicals Limited (OMPL). MRPL was holding 3% of the paid up equity of OMPL, which has been increased to 46% by purchasing fully paid up equity shares from individual shareholders. On 28 February 2015, MRPL announced that ONGC Mangalore Petrochemicals Limited (OMPL) has become a subsidiary of the company. Following allotment of shares to MRPL by OMPL, MRPL is holding 51.002% stake in OMPL. MRPL successfully started commercial production of Polypropylene from its Polypropylene (PP) Plant as part of its Phase III Refinery expansion and upgradation project on 18 June 2015. The plant has capacity to produce 4,40,000 TPA polypropylene. The Feed Stock for the Polypropylene plant, polymer grade propylene, is being produced from upstream Petrochemical Fluidised Catalytic Cracking Unit (PFCCU). With this, MRPL's Phase-III of refining expansion is fully completed. The Board of Directors of MRPL at its meeting held on 8 July 2015 approved a Scheme of Amalgamation between the company, ONGC Mangalore Petrochemicals Limited (OMPL) and their respective shareholders and creditors for the amalgamation of OMPL into and with the company in terms of Section 391-394 of Companies Act, 1956 and other relevant provisions of the Companies Act, 1956 and Companies Act, 2013 (Scheme). OMPL is a subsidiary of MRPL, wherein MRPL holds 51% and Oil and Natural Gas Corporation Limited holds 49% of the issued, subscribed and paid-up share capital. OMPL is primarily engaged in developing and operating a green field petrochemical project consisting of an aromatic complex situated in Mangalore Special Economic Zone for production of Para-xylene and Benzene. On 7 October 2015, MRPL signed a Memorandum of Understanding (MOU) with New Mangalore Port Trust (NMPT) to study the feasibility of setting up an LNG Re-gasification terminal at Mangalore. In February 2018, MRPL inaugurated company owned company operated (COCO) retail outlet at Panambur, Mangalore. In March 2018, it commissioned its first dealer owned dealer operated (DODO) retail outlet at Mandya in Karnataka. In 2019-20, MRPL started producing BS VI MS & HSD from September, 2019. During the FY 2020-21, MRPL acquired the stake of ONGC in ONGC Mangalore Petrochemicals Limited (OMPL) and consequently, as on March 31, 2021, MRPL held 99.99% stake in OMPL. The amalgamation of erstwhile Wholly Owned Subsidiary Company, ONGC Mangalore Petrochemicals Limited (OMPL) with Holding Company i.e., Mangalore Refinery and Petrochemicals Limited (MRPL) was made effective from 01 May, 2022. During year 2021-22, the Company commissioned FCC Gasoline Treating Unit (FGTU) of 800 KTPA Feed capacity as part of its BS-VI Project, on 11 July, 2021. It commissioned Desalination Plant based on Reverse Osmosis Technology using Seawater with design capacity of 30 MLD process grade water, on 17 Dec'21. It commissioned Sulfur Recovery Unit (SRU-7) with design capacity of 185 TPD Sulfur production as part of its BS-VI Project, on March 28, 2022. 4 New HSD tanks, Beta Land with the capacity of 30200 KL each of gross storage capacity along with the New HSD coastal line to Jetty were commissioned during FY2021-22. Five new Crudes were processed including Tupi Crude (API-30.2) from Brazil, Amna Crude (API-37.2) from Libya, Egina Crude (API-27.6) from Nigeria, Basrah Medium Crude (API- 28.57) from Iraq and Baobab Crude (API22.6, High TAN) from Ivory Coast for the first time during the FY 2021-22. During 2022-23, the Company commissioned 31 Retail Outlets during FY 2022-23 increasing the count to a total of 63 operational retail outlets as on 31.03.2023. The Company's Joint Venture Shell MRPL Aviation Fuel and Services Limited acquired business for sale of Aviation Turbine Fuel (ATF) at Indian airports in 2023. A 30 MLD Desalination Plant was commissioned at Sea Coast of Arabic Ocean. Visbreaker unit was operated as Feed Preparation Unit for Delayed Coking Unit (DCU). Aromatic complex was operated on reformate mode during the year. Revamp of Regenerator section of CCR-1 was commissioned in Jun' 23.

Mangalore Refinery And Petrochemicals Ltd News Hub

News

MRPL tumbles as Q4 PAT drops 40% YoY to Rs 1,137 cr; GRM reduces to $11.35/ barrel

Revenue from operations (excluding excise duty) fell marginally to Rs 25,328.67 crore in Q...

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06 May 202411:04

News

Mangalore Refinery And Petrochemicals Ltd leads losers in 'A' group

Power Finance Corporation Ltd, Titan Company Ltd, REC Ltd and Punjab National Bank are amo...

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06 May 202415:00

News

Board of Mangalore Refinery And Petrochemicals recommends final dividend

Mangalore Refinery And Petrochemicals announced that the Board of Directors of the Company...

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04 May 202409:39

News

MRPL Q4 PAT drops 40% YoY to Rs 1,137 cr; GRM reduces to $11.35/ barrel

The company’s throughput for Q4 FY24 was 4.60 MMT as against 4.41 MMT in Q4 FY23, up 4.30%...

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04 May 202411:29

News

Mangalore Refinery And Petrochemicals schedules board meeting

Mangalore Refinery And Petrochemicals will hold a meeting of the Board of Directors of the...

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22 Apr 202415:02

News

Mangalore Refinery And Petrochemicals director resigns

Mangalore Refinery And Petrochemicals announced the resignation of Cheruvally Nivedida Sub...

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26 Mar 202409:33

FAQs for dividends of Mangalore Refinery And Petrochemicals Ltd

What is the current market price of Mangalore Refinery And Petrochemicals Ltd Ltd as of June 11, 2024?

The current market price of Mangalore Refinery And Petrochemicals Ltd Ltd stands at 213.1 per share.

What dividend did Mangalore Refinery And Petrochemicals Ltd declare in the last fiscal year?

In the last fiscal year, Mangalore Refinery And Petrochemicals Ltd declared a dividend totaling ₹2.0.

What is the most recent dividend declared by Mangalore Refinery And Petrochemicals Ltd?

Mangalore Refinery And Petrochemicals Ltd recently declared a dividend of 0.0 in the latest quarter

How many times has Mangalore Refinery And Petrochemicals Ltd declared dividends in the current fiscal year

Mangalore Refinery And Petrochemicals Ltd has declared dividends 4 times totaling ₹0 in the current fiscal year (FY2023-2024).

How many times did Mangalore Refinery And Petrochemicals Ltd declare dividends in the previous fiscal year?

In the previous fiscal year (FY2022-2023), Mangalore Refinery And Petrochemicals Ltd declared dividends 4 times totaling ₹0.
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