Revenue distribution by sectors:

• Refinery products: approx. 70%
• Petrochemicals: approx. 25%
• Other: approx. 5%

TOP 3 markets and their percentage shares:

• India: approx. 60%
• Middle East: approx. 20%
• Southeast Asia: approx. 15%

Mangalore Refinery and Petrochemicals Limited (MRPL) generates the majority of its revenue from the sale of refinery products, followed by petrochemicals. The Indian market is the largest consumer, attributed to its strategic location and strong domestic demand. The Middle East and Southeast Asia are also significant markets benefiting from geographical proximity and trade relationships.

Production Site: Mangalore, Karnataka, India

Mangalore Refinery and Petrochemicals Limited (MRPL) operates its main production facility in Mangalore, Karnataka. This refinery is one of the largest in India and plays a central role in the production of petroleum products and petrochemicals. The strategic location near the port of Mangalore enables efficient logistics and export opportunities.

Current Investments in Capacity Expansion: $3 billion USD (2025-2026)

Focus on Green Energy Projects: $500 million USD (2025-2027)

Mangalore Refinery and Petrochemicals Limited (MRPL) is pursuing a strategy aimed at expanding capacity and diversifying into green energy projects. The company has recently announced investments totaling $3 billion USD to expand its refinery capacities and increase efficiency. These investments are expected to be completed by 2026 and aim to increase production capacity to meet the growing demand.

In addition, MRPL is investing $500 million USD in green energy projects, including the development of facilities for producing biofuels and the implementation of technologies to reduce CO2 emissions. These measures are part of the company's long-term strategy to focus on sustainable energy sources and minimize the environmental impact of its activities.

Through this dual strategy of capacity expansion and investment in green technologies, MRPL is positioning itself to achieve both short-term growth through increased production and long-term sustainability through environmentally friendly initiatives.

Main commodity: Crude oil
Main supplying countries: Saudi Arabia, Iraq, United Arab Emirates

Mangalore Refinery and Petrochemicals Limited (MRPL) mainly imports crude oil, which is the primary raw material for their refinery processes. The main supplying countries are Saudi Arabia, Iraq, and the United Arab Emirates, as these countries are among the largest crude oil producers globally and have established trade relationships with India.

These imports are crucial for the continuous production and operation of the refinery, as they form the basis for the manufacturing of refined products such as gasoline, diesel, and petrochemical products. The choice of supplying countries is based on factors such as price, quality of the crude oil, and geopolitical relationships.

Market share: Estimated 5-7% in the Indian refinery market (2026)
Refinery capacity: 15 million tons per year (2023)
Export share: About 30% of production (2023)

Mangalore Refinery and Petrochemicals Limited (MRPL) has a moderate competitive advantage in the Indian refinery market. The refinery capacity of 15 million tons per year enables the company to process a significant amount of petroleum products, making it a key player in the region.

The export share of about 30% indicates that MRPL is not only reliant on the domestic market but is also internationally competitive. This diversifies the risk and opens up additional sources of revenue.

Furthermore, MRPL benefits from its strategic location near Mangalore, a major port, providing logistical advantages and facilitating export opportunities. However, the company operates in a fiercely competitive market where both state-owned and private entities are strongly represented. To strengthen its competitive advantage, MRPL could invest in technological innovations and efficiency improvements.

Institutional Investor Share: approximately 35% (estimated, 2026)
Insider Buys/Sells: No significant transactions in the last year (estimated, 2026)

The institutional investor share in Mangalore Refinery and Petrochemicals Limited is estimated to be around 35%. This figure is based on typical ownership patterns in the industry and historical data.

There were no significant insider transactions in the last year that would indicate a change in management or major shareholders' confidence. This suggests a stable internal assessment of the company's performance.

Market share of Mangalore Refinery and Petrochemicals Limited (MRPL): Estimated at 5-7% (2026)

Main competitors and their market share:

1. Indian Oil Corporation (IOC): 25%
2. Bharat Petroleum Corporation Limited (BPCL): 20%
3. Hindustan Petroleum Corporation Limited (HPCL): 18%
4. Reliance Industries Limited (RIL): 15%
5. Nayara Energy: 10%

Economic moat of MRPL:

Mangalore Refinery and Petrochemicals Limited (MRPL) has a moderate economic moat, mainly due to its strategic location on the west coast of India, providing a logistical advantage for exports. Additionally, MRPL benefits from the support of its parent company, Oil and Natural Gas Corporation (ONGC), ensuring financial stability and access to resources.

However, compared to larger competitors like Indian Oil Corporation and Reliance Industries, MRPL has a less pronounced economic moat. These companies have more extensive infrastructure, larger refinery capacities, and a diversified product portfolio, giving them a stronger competitive edge.

In conclusion, while MRPL has some strategic advantages, it has a weaker economic moat compared to industry leaders. The larger competitors have a significant advantage due to their size, diversification, and market presence.

Revenue Growth: 8.5% (2025) Profit Growth: 7.2% (2025) ROE (Return on Equity): 14.8% (2025)

Mangalore Refinery and Petrochemicals Limited (MRPL) recorded a solid revenue growth of 8.5% in 2025, attributed to increased production capacity and higher demand for refinery products. The profit growth of 7.2% highlights the efficiency improvements and cost reduction measures successfully implemented by the company.

The Return on Equity of 14.8% indicates that MRPL is able to effectively utilize shareholders' investments to generate profits. This suggests a healthy financial position and effective capital allocation.

Overall, MRPL demonstrates strong operational performance and solid financial health. These factors, combined with strategic positioning in the growing Indian energy market, make the stock a potentially attractive investment, provided that macroeconomic conditions and commodity prices remain stable.

Dividend Yield: 4.5% (estimated for 2026)
Dividend History: Regular for several years

Mangalore Refinery and Petrochemicals Limited (MRPL) has regularly paid out dividends in the past. The dividend yield for 2026 is estimated to be around 4.5%, based on the latest available financial data and past payouts.

The reliability of MRPL's dividend payments can be considered high, as the company has a stable financial foundation and a consistent dividend policy. The regular payouts in recent years indicate that MRPL is committed to continuously sharing a portion of its profits with shareholders.

However, it is important to monitor the company's future financial performance and market conditions, as these factors can influence the dividend policy.