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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Mangalore Refinery and Petrochemicals Limited (MRPL) is an India-based company engaged in the business of refining of crude oil. The Company operates through the Petroleum Products segment. It offers various direct sales products such as Bitumen, Diesel, Sulfur, Petcoke, ATF…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
An exceptional, stagnant business, fully valued.
MRPL is scored on the commodity / cyclical framework. It keeps a thin 2.2% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.32× reported profit. Free cash flow is worth about 3.7% of its market value.
Over the last 3 years revenue compounded at -7%/yr and profit at -10%/yr. Book value has grown 13%/yr. Return on equity is an elite 25.9%. In the latest quarter profit grew 101% versus the prior quarter.
At 16× earnings, the stock sits at the 74th percentile of its own 3.4-year range — the middle of where it has historically traded. Today's price asks for only ~-6%/yr growth over a decade — undemanding expectations. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 6.97 | 17.58 | better |
| P/B | 1.81 | 1.42 | worse |
| EV/EBITDA | 4.07 | 7.1 | better |
| ROE | 25.91 | 16.96 | better |
| ROCE | 29.59 | 18.62 | better |
| ROA | 9.28 | 8.27 | better |
| Quick Ratio | 0.39 | 0.47 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Reliance Industries | 18.6 | 1.9 | 8.7% |
| Indian Oil | 4.1 | 0.9 | 20.3% |
| Bharat Petroleum Corp | 8.8 | 1.4 | 15.6% |
Revenue declined 6% in the latest year — a break from prior trajectory. Negative CAGR — the top line has shrunk over this window. Growth is decelerating — latest year grew slower than the year before.
Revenue is outpacing profit (-7% vs -10%) — costs are rising faster than the top line. The latest year saw a +3324% swing — check if it's a one-off or structural.
Operating margins have been stable around 5% — no major structural shift.
ROE at 14% — a respectable return on shareholder capital. Capital efficiency declining — ROE down 13pp.
-10% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.3× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 15% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (37% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 45% above earlier ones.
Profit jumped 101% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.4y median.
Promoters hold 88.6% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.