Mangalore Refinery & Petrochemicals Ltd. Hits New 52-Week High at Rs.192.95

Stock Performance and Market Context

MRPL’s stock price surged to Rs.192.95 during intraday trading, marking a 4.27% increase from the previous close. The stock opened with a gap up of 2%, reflecting positive sentiment from the outset of the trading session. Over the past two days, MRPL has recorded consecutive gains, delivering a cumulative return of 5.7%. This outperformance is notable against the broader oil sector, where MRPL outpaced peers by 3.71% today.

Trading above all key moving averages — including the 5-day, 20-day, 50-day, 100-day, and 200-day averages — the stock’s technical indicators signal sustained upward momentum. This technical strength aligns with the broader market environment, where the Sensex opened higher at 84,177.51 points, gaining 597.11 points (0.71%) before settling at 83,883.54 (0.36%). Although the Sensex remains 2.71% below its own 52-week high of 86,159.02, MRPL’s performance distinctly outshines the benchmark.

Long-Term Returns and Valuation Metrics

Over the last year, MRPL has delivered an impressive 55.54% return, significantly outperforming the Sensex’s 7.74% gain during the same period. The stock’s 52-week low was Rs.98.95, highlighting the substantial appreciation in value over the past twelve months. This price appreciation is supported by strong fundamentals, including a net profit growth of 131.72% and operating profit growth at an annual rate of 25.12%.

MRPL’s valuation metrics further reinforce its market standing. The company’s Return on Capital Employed (ROCE) stands at 10.4%, with an enterprise value to capital employed ratio of 1.8, indicating a fair valuation relative to its capital base. The stock trades at a discount compared to its peers’ historical averages, supported by a low PEG ratio of 0.1, which suggests undervaluation relative to earnings growth.

Financial Strength and Profitability

MRPL’s recent financial disclosures highlight a robust operating profit to interest ratio of 12.72 times, underscoring the company’s strong ability to cover interest expenses from operating earnings. Cash and cash equivalents reached a high of Rs.874.25 crores in the half-year period, reflecting a solid liquidity position. The debt-equity ratio has improved to 0.81 times, the lowest in recent periods, indicating a more conservative capital structure compared to the company’s historical average debt-equity ratio of 2.41 times.

The company has reported positive results for two consecutive quarters, with net sales growing at an annual rate of 22.62%. This consistent growth trajectory has contributed to the stock’s upward momentum and the recent milestone of the 52-week high.

Market Position and Shareholding

MRPL operates within the oil industry and sector, where it has demonstrated market-beating performance both in the long term and near term. The stock has outperformed the BSE500 index over the last three years, one year, and three months, reflecting sustained investor confidence in its business model and financial health. Promoters remain the majority shareholders, maintaining a stable ownership structure that supports strategic continuity.

Sector and Market Dynamics

The oil sector continues to experience volatility, yet MRPL’s performance stands out amid these fluctuations. The Sensex’s recent three-week consecutive rise, gaining 2.88%, has been led by mega-cap stocks, while MRPL’s mid-cap status and sector-specific strengths have enabled it to outperform broader indices. Despite the Sensex trading below its 50-day moving average, MRPL’s stock remains comfortably above all key moving averages, signalling resilience and positive investor sentiment.

While the company’s debt levels have historically been elevated, recent improvements in the debt-equity ratio and strong cash reserves mitigate concerns related to leverage. This financial discipline has contributed to the stock’s upward trajectory and the attainment of the 52-week high.

Summary of Key Metrics

To summarise, MRPL’s key performance indicators as of 9 Feb 2026 include:

• New 52-week high price: Rs.192.95
• One-year stock return: 55.54%
• Net profit growth: 131.72%
• Operating profit growth rate: 25.12% annually
• Operating profit to interest ratio: 12.72 times
• Cash and cash equivalents: Rs.874.25 crores (half-year)
• Debt-equity ratio: 0.81 times (half-year)
• ROCE: 10.4%
• PEG ratio: 0.1

These figures collectively illustrate the company’s strong financial health and operational efficiency, which have been instrumental in driving the stock’s recent gains.

Mojo Score and Rating Update

Reflecting its improved fundamentals and market performance, MRPL’s Mojo Score stands at 74.0, with a current Mojo Grade of Buy. This represents an upgrade from the previous Hold rating, effective from 27 Jan 2026. The company holds a Market Cap Grade of 3, indicating a mid-tier market capitalisation within its sector.

Conclusion

Mangalore Refinery & Petrochemicals Ltd.’s ascent to a new 52-week high of Rs.192.95 marks a significant milestone in its market journey. Supported by strong earnings growth, improved leverage ratios, and favourable technical indicators, the stock’s momentum reflects the company’s solid position within the oil sector. While broader market indices show mixed signals, MRPL’s performance highlights its capacity to deliver sustained value to shareholders through consistent financial progress and market resilience.

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