Hold Mangalore Refinery And Petrochemicals, target price Rs 60: ICICI Direct

ICICI Direct has hold call on Mangalore Refinery And Petrochemicals with a target price of Rs 60. The current market price of Mangalore Refinery And Petrochemicals Ltd. is Rs 55.1.

Mangalore Refinery And Petrochemicals Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 9665.58 Crore) operating in Gas & Petroleum sector.

Mangalore Refinery And Petrochemicals Ltd. key Products/Revenue Segments include Petroleum Products, Scrap, Other Operating Revenue and Oil Crude for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 24632.91 Crore, down -31.48 % from last quarter Total Income of Rs 35952.19 Crore and up 38.89 % from last year same quarter Total Income of Rs 17735.46 Crore. Company reported net profit after tax of Rs -1795.89 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 88.58 per cent stake in the company as of 30-Sep-2022, while FIIs owned 1.6 per cent, DIIs 0.34 per cent.