Why MRPL Share Price is Rising

The stock price of MRPL Ltd captured investors' attention today.

The stock was up 11% intraday on the back of intense buying activity.

In this editorial, we will explore the reason for the rise and look at the company behind the stock.

Good Quarterly Results

The stock price of MRPL was on fire today.

After a long correction since mid-November 2025, when the stock price fell about 24%, the stock is back on the rise.

Today, 14 January 2026, the stock went up 11% intraday before closing up 7.5%. The big reason for the same is the quarterly results announced by the company.

Revenue for the quarter were up 16% year-over-year (YoY) to Rs 297.2 billion (bn) compared to Rs 256 bn in the same period last year.

However, over the nine month period, ended 31 December 2025, revenues were down 6% YoY.

The company reported net profit of Rs 14.45 bn in the quarter, a huge jump compared to Rs 3 bn in the same quarter last year. This profit rise of nearly 5 times was the trigger for the stock.

Over the nine month period, ended 31 December 2025, the net profit was Rs 18.1 bn compared to a loss of Rs 3.1 bn in the same period last year.

Dalal Street has certainly appreciated the turnaround.

What next for MRPL?

MRPL has a strong parentage through ONGC. According to a report by CARE Edge Ratings the company purchases 15-20% of its crude oil requirement from ONGC.

MRPL's profitability is exposed to sharp movements in crude oil prices. The key to the company's profitability would depend on crude prices, currency fluctuations, and government policies.

The company has been trying to keep costs in check internally as well as reduce it's debt. These measures will help boost margins irrespective of crude oil prices.

It aims to capitalise on growing demand for petrol and diesel while exploring green hydrogen projects, reflecting confidence in maintaining profitability.

The Karnataka government has also approved the purchase of 1,050 acres for MRPL's future projects.

MRPL Financial Snapshot

Source: Equitymaster

How shares of MRPL have performed recently

MRPL's share price moved up from Rs 139.2 on 9 January 2026 to Rs 158.45 on 14 January 2026. In the last one month, the stock is up about 4.5%.

Over the last one year, the stock is up about 14%.

The stock touched its 52-week high of Rs 185 on 17 November 2025 and its 52-week low of Rs 98.95 on 3 March 2025.

MRPL Share Price - 1 Month

About MRPL

MRPL is Miniratna Central Public Sector Enterprise under the Ministry of Petroleum & Natural Gas, and a subsidiary of ONGC.

The company is engaged in the business of refining crude oil. It's a subsidiary of ONGC, which holds 71.6% of the equity shares. It operates a 15 million metric tonnes per annum (MMTPA) refinery located in Mangalore, Karnataka.

The company is known for its complex processing capability and high flexibility to handle various crude oils, including heavy and high API gravity crudes.

MRPL produces a range of petroleum products such as high-speed diesel, petrol, aviation turbine fuel, and has forward-integrated into petrochemicals following its merger with ONGC Mangalore Petrochemicals.

MRPL benefits from ONGC's majority ownership for financial support and is adapting to changing market dynamics with a growing focus on petrochemicals, sustainability, and operational efficiency.

To know more, check MRPL's fact sheet and latest quarterly results. You can also compare MRPL with its peers on our website.

MRPL vs Chennai Petroleum

MRPL vs HPCL

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.

Happy investing.

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...