The shares of petroleum products producers fell up to 9 percent despite the company’s net profit increased by 190 percent in the fourth quarter.
With a market capitalization of Rs 40,099.46 crore, the shares of Mangalore Refinery And Petrochemicals Ltd were trading at Rs 228.80 per share, decreasing around 8 percent as compared to the previous closing price of Rs 251.40 apiece.
Looking into the company’s performance, Mangalore Refinery And Petrochemicals Ltd’s revenue increased by 3 percent on a quarter-on-quarter basis from Rs. 24,667 crore in Q3FY24 to Rs. 25,329 crore in Q4FY24. Further, revenue decreased by 0.1 percent year on year, from Rs. 25,365 crore in Q4FY23 to Rs. 25,329 crore in Q4FY24.
Mangalore Refinery And Petrochemicals Ltd’s net profit increased by 190 percent on a quarter-on-quarter basis, from Rs. 392 crore in Q3FY24 to Rs. 1,138 crore in Q4FY24. Further, net profit decreased by 40 percent year on year from Rs. 1,913 crore in Q4FY23 to Rs. 1,138 crore in Q4FY24.
The stock has given multi-bagger delivered returns of 112.42 percent in the last six months and 279.36 percent in a year. A shareholder’s investment of Rs. 1 lakh in the company would be worth Rs. 3.79 lakh in a year.
The company’s profitability measures show an incline in return on equity (RoE) from 26.91 percent in FY 22-23 to 27.08 percent in FY 23-24, while, during the same period return on capital employed (RoCE) increased from 23.81 percent to 28.74 percent. In contrast, the net profit margin (NPM) was 3.96 percent in fiscal year 22-23.
In the company’s recent shareholding pattern, promoters own 88.58 percent while Retail shareholders own a 7.23 percent stake in the company, and Foreign Institutional Investors own a 2.68 percent stake.
Mangalore Refinery & Petrochemicals Limited (MRPL) is primarily involved in the refining of crude oil, the petrochemical industry, the trade of aviation fuels, and the distribution of petroleum products through retail shops and terminals.
Written by:- Abhishek Singh
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