MRPL company analysis

Company Profile  :  Even though it is not state Run company but owned by state Run companies. The company incorporated as joint venture in between A V Birla group and HPCL 1988 with capacity of 3 Million Metric Tonne Per Annum to current 15. In 2003 ONGC acquired the stake of AV Birla group and make some debt restructuring to strengthen the balance sheet.

The company is manufacturing various grades and type of Nathan, Motor Oil, ATF for domestic players. As a holding company, MRPL also holds 51% stake in OMPL with remaining stake held by ONGC.

Share Holding Pattern :

Financials and Ratios : 

 2010-112011-122012-132013-142014-15 2015-16
Revenue 39097.2754117.6565807.3572134.9658267.5340504.56
Net Profit 1176.63908.58(756.91)601.18(1712.23)1148.16
NPM 3.021.68(1.15)0.83(2.97)2.89
EPS 6.214.9403.43(9.77)6.55
Book Value 37.2041.2236.9040.3330.2736.63
Dividend Pay out 17.8719.280000
Dividend per Share 1.210000
ROE 18.0412.54(11.70)8.5(32.27)17.88
ROCE 14.767.82(5.80)3.65(12.96)8.59
ROA 6.353.47(2.83)1.52(4.98)3.07
Debt to Equity 0.170.81.081.251.481.06
Asset Turnover 210.18205.57246.04181.72167.35106.13

Future Prospects : Big chunk is in hand of Promoter. Refinery business is dependent on so many factors. Price of Crude, consumption, demand etc. The company was going through Capital Expenditure, for which there was debt on balance sheet. Now I it is lower and looks good. Price of Crude is also going up. All in all it is looks very good.

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About Ashutosh Tilak

Tracking Indian Capital Market since 2010. Finance Student, On this blog I am writing about finance and Investing. You can contact me analystashu@gmail.com or @androidashu & @InsideFinanc on twitter