Sell Mangalore Refinery And Petrochemicals, target price Rs 175: Motilal Oswal

Motilal Oswal has sell call on Mangalore Refinery And Petrochemicals with a target price of Rs 175. The current market price of Mangalore Refinery And Petrochemicals Ltd. is Rs 231.05.

Mangalore Refinery And Petrochemicals Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 40204.62 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 31-03-2024, the company reported a Consolidated Total Income of Rs 25367.94 Crore, down -10.75 % from last quarter Total Income of Rs 28422.99 Crore and down -.47 % from last year same quarter Total Income of Rs 25486.96 Crore. Company has reported net profit after tax of Rs 1136.84 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 88.58 per cent stake in the company as of 31-Mar-2024, while FIIs owned 2.68 per cent, DIIs 1.5 per cent.