Sell Mangalore Refinery And Petrochemicals, target price Rs 135: Motilal Oswal

Motilal Oswal has sell call on Mangalore Refinery And Petrochemicals with a target price of Rs 135. The current market price of Mangalore Refinery And Petrochemicals Ltd. is Rs 163.2.

Mangalore Refinery And Petrochemicals Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 28313.23 Crore) operating in Gas & Petroleum sector.

Mangalore Refinery And Petrochemicals Ltd. key Products/Revenue Segments include Petroleum Products, Scrap, Oil Crude, Other Operating Revenue and Export Incentives for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 28422.99 Crore, up 24.09 % from last quarter Total Income of Rs 22904.74 Crore and up 6.85 % from last year same quarter Total Income of Rs 26599.74 Crore. Company reported net profit after tax of Rs 387.06 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 88.58 per cent stake in the company as of 31-Dec-2023, while FIIs owned 2.55 per cent, DIIs 1.57 per cent.