Synopsis :- Dolly Khanna invested chemical company is in focus after the company has announced the record date for record date for the merger.
A small-cap company primarily engaged in the manufacture, purchase, and sale of fertilizers is in the spotlight today following its merger with Paradeep Phosphates Ltd.
With the market capitalization of Rs. 3,761.08 crore, the shares of Mangalore Chemicals & Fertilizers Ltd is trading at Rs. 317.35, down by 1.06 percent from its previous day’s close price of Rs. 320.75 per equity share. As of June 2025, ace investor Dolly Khana owns 3.33 percent shares of the company.
What’s the News?
Mangalore Chemicals & Fertilizers Ltd (MCFL) has officially merged with Paradeep Phosphates Ltd (PPL) under Part II of the composite scheme, effective from October 16, 2025. The board of PPL has fixed October 31, 2025, as the record date for the merger. As per the approved share exchange ratio, shareholders of MCFL will receive 187 equity shares of PPL for every 100 equity shares held in MCFL.
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About the Company & Others
Mangalore Refinery and Petrochemicals Limited (MRPL), incorporated in 1988 and based in Mangalore, is a subsidiary of Oil and Natural Gas Corporation Limited. The company manufactures and sells refined petroleum and petrochemical products, including diesel, petrol, bitumen, xylol, pet coke, sulphur, and polypropylene. It also produces aromatic chemicals like paraxylene, benzene, and toluene, operates retail outlets, and exports its products.
A return on equity (ROE) of about 14.9 percent, a return on capital employed (ROCE) of about 15.4 percent and debt to equity ratio at 0.70 demonstrate the company’s financial position. At the moment, the company’s P/E ratio is 23.3x lower as compared to its industry P/E 27.4x.
In Q1 FY26, the company reported revenue of Rs. 862 crore, up 6 percent YoY from Rs. 814 crore in Q1 FY25 and 11 percent QoQ from Rs. 774 crore in Q4 FY25. Net profit increased significantly to Rs. 62 crore, a 41 percent YoY rise from Rs. 44 crore and a 288 percent QoQ jump from Rs. 16 crore, reflecting strong improvement in both revenue and profitability.
Written by Akshay Sanghavi
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