MANGALORE REFINERY AND PETROCHEMICALS LIMITED

Financials Mangalore Refinery and Petrochemicals Limited

Equities

500109

INE103A01014

Oil & Gas Refining and Marketing

Market Closed - Bombay S.E. Other stock markets 05:28:49 2026-01-16 am EST			5-day change	1st Jan Change
151.55 ^INR	-4.35%		+8.91%	-0.43%

Jan. 14	Mangalore Refinery and Petrochemicals Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2025	CI
Jan. 14	Mangalore Refinery and Petrochemicals Dec-quarter Consol Net Profit 14.51 Billion Rupees	RE

Projected Income Statement: Mangalore Refinery and Petrochemicals Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	321,824	697,271	1,088,561	904,067	946,816	813,500	837,700	949,100
Change	-	116.66%	56.12%	-16.95%	4.73%	-14.08%	2.97%	13.3%
EBITDA ¹	23,923	49,306	64,966	75,819	22,928	54,700	54,200	56,700
Change	-	106.1%	31.76%	16.71%	-69.76%	138.57%	-0.91%	4.61%
EBIT ¹	-	-	53,099	-	-	25,500	36,100	38,000
Change	-	-	-	-	-	-	41.57%	5.26%
Interest Paid ¹	-3,520	-12,073	-12,853	-11,138	-10,082	-11,000	-9,650	-11,000
Earnings before Tax (EBT) ¹	-3,451	27,083	42,389	55,214	1,133	17,300	29,300	28,000
Change	-	884.8%	56.51%	30.26%	-97.95%	1,427.46%	69.36%	-4.44%
Net income ¹	-2,405	29,553	26,384	36,959	505.8	20,200	19,600	19,700
Change	-	1,329.01%	-10.72%	40.08%	-98.63%	3,893.67%	-2.97%	0.51%
Announcement Date	5/17/21	5/12/22	4/28/23	5/3/24	4/26/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	44,726	61,823	79,515	135,759	151,484	176,917	252,376	248,038	322,897	246,080	265,574	254,009	211,732	192,296	246,869	253,287	232,470	249,679	218,709	245,959	173,562	205,600	217,700	189,300
Change	-	38.23%	28.62%	70.73%	11.58%	16.79%	42.65%	-1.72%	30.18%	-23.79%	7.92%	-4.35%	-16.64%	-9.18%	28.38%	2.6%	-8.22%	7.4%	-12.4%	12.46%	-29.43%	18.46%	5.89%	-13.05%
EBITDA ¹	-4,877	2,419	-	-	2,575	-208.8	18,142	29,410	47,140	-19,948	2,874	34,902	20,683	21,382	11,595	23,297	6,056	-4,739	10,311	11,300	1,796	13,600	18,500	12,500
Change	-	149.6%	-	-	-	-108.11%	8,788.84%	62.11%	60.28%	-142.32%	114.4%	1,114.6%	-40.74%	3.38%	-45.77%	100.93%	-74%	-178.25%	317.58%	9.58%	-84.11%	657.28%	36.03%	-32.43%
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts ¹	-1,345	-	-623.8	-1,367	-1,983	-1,790	-1,613	-3,940	-3,022	-3,155	-3,377	-3,300	-2,673	-3,112	-2,736	-2,617	-2,145	-2,847	-2,636	-2,454	-2,572	-2,400	-2,300	-2,400
Earnings before Tax (EBT) ¹	-7,969	582.2	-1,042	5,189	-1,329	-3,896	14,926	23,230	41,530	-25,756	-2,885	29,500	15,588	16,055	5,962	17,659	1,006	-10,411	4,694	5,844	-4,029	7,200	9,800	7,000
Change	-	107.31%	-278.99%	597.94%	-125.61%	-193.14%	483.15%	55.63%	78.78%	-162.02%	88.8%	1,122.58%	-47.16%	3%	-62.87%	196.21%	-94.3%	-1,134.58%	145.08%	24.51%	-168.94%	278.7%	36.11%	-28.57%
Net income ¹	-5,199	358.4	-710.1	3,283	-863	-2,425	9,690	30,082	27,075	-17,891	-1,880	19,080	10,127	10,593	3,921	11,368	655.7	-6,823	3,042	3,631	-2,720	4,700	8,100	4,600
Change	-	106.89%	-298.13%	562.33%	-126.29%	-181.04%	499.51%	210.45%	-10%	-166.08%	89.49%	1,115.1%	-46.92%	4.6%	-62.99%	189.95%	-94.23%	-1,140.6%	144.58%	19.38%	-174.89%	272.81%	72.34%	-43.21%
Announcement Date	8/4/20	10/29/20	2/1/21	5/17/21	7/29/21	10/26/21	1/28/22	5/12/22	7/28/22	10/28/22	1/30/23	4/28/23	7/28/23	10/31/23	1/22/24	5/3/24	7/22/24	10/18/24	1/20/25	4/26/25	7/18/25	-	-	-

¹INR in Million

Estimates

Forecast Balance Sheet: Mangalore Refinery and Petrochemicals Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	5/17/21	5/12/22	4/28/23	5/3/24	4/26/25	-	-	-

Estimates

Cash Flow Forecast: Mangalore Refinery and Petrochemicals Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	9,116	6,112	7,028	15,560	9,903	10,000	10,000	10,000
Change	-	-32.95%	14.99%	121.41%	-36.36%	0.98%	0%	0%
Free Cash Flow (FCF) ¹	-41,184	40,817	56,616	54,890	8,876	32,000	32,750	40,000
Change	-	199.11%	38.71%	-3.05%	-83.83%	260.52%	2.34%	22.14%
Announcement Date	5/17/21	5/12/22	4/28/23	5/3/24	4/26/25	-	-	-

¹INR in Million

Estimates

Forecast Financial Ratios: Mangalore Refinery and Petrochemicals Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	7.43%	7.07%	5.97%	8.39%	2.42%	6.72%	6.47%	5.97%
EBIT Margin (%)	-	-	4.88%	-	-	3.13%	4.31%	4%
EBT Margin (%)	-1.07%	3.88%	3.89%	6.11%	0.12%	2.13%	3.5%	2.95%
Net margin (%)	-0.75%	4.24%	2.42%	4.09%	0.05%	2.48%	2.34%	2.08%
FCF margin (%)	-12.8%	5.85%	5.2%	6.07%	0.94%	3.93%	3.91%	4.21%
FCF / Net Income (%)	1,712.73%	138.12%	214.59%	148.51%	1,754.86%	158.42%	167.09%	203.05%
Profitability
ROA	-	-	-	-	-	-	-	-
ROE	-3.14%	52.22%	31%	32.02%	0.39%	14.7%	13.15%	11.7%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	2.83%	0.88%	0.65%	1.72%	1.05%	1.23%	1.19%	1.05%
CAPEX / EBITDA (%)	38.1%	12.4%	10.82%	20.52%	43.19%	18.28%	18.45%	17.64%
CAPEX / FCF (%)	-22.13%	14.97%	12.41%	28.35%	111.57%	31.25%	30.53%	25%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	3	-	1.7	2.2	2.3
Change	-	-	-	-	-	-	29.41%	4.55%
Book Value Per Share ¹	42.95	-	56.29	-	-	79	87.8	97.5
Change	-	-	-	-	-	-	11.14%	11.05%
EPS ¹	-1.37	16.86	15.05	20.52	0.29	11.5	11.2	11.2
Change	-	1,330.66%	-10.74%	36.35%	-98.59%	3,865.52%	-2.61%	0%
Nbr of stocks (in thousands)	1,752,599	1,752,599	1,752,599	1,752,599	1,752,599	1,752,599	1,752,599	1,752,599
Announcement Date	5/17/21	5/12/22	4/28/23	5/3/24	4/26/25	-	-	-