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 :
|Dividend Pay out||17.87||19.28||0||0||0||0|
|Dividend per Share||1.2||1||0||0||0||0|
|Debt to Equity||0.17||0.8||1.08||1.25||1.48||1.06|
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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