Company Profile: Although it is not a state-run company, it is owned by state-run companies. The company was incorporated as a joint venture between A V Birla group and HPCL in 1988 with a capacity of 3 Million Metric Tonne Per Annum to the current 15. In 2003 ONGC acquired the stake of AV Birla group and made some debt restructuring to strengthen the balance sheet.
The company manufactures various grades and types of Nathan, Motor Oil, and ATF for domestic players. As a holding company, MRPL also holds a 51% stake in OMPL, with the remaining stake held by ONGC.
Share Holding Pattern: BSE Data
Financials and Ratios :
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Future Prospects: Big chunk is in the hands of the Promoter. The refinery business depends on many factors—the price of Crude, consumption, demand, etc. The company was going through Capital Expenditure, for which there was debt on the balance sheet. Now it is lower and looks good. The price of Crude is also going up. All in all, it seems very good.
