MRPL in the red - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

MRPL in the red

Jul 1, 2000

MRPL has reported a growth in turnover of 25%. The through put though has declined from 406.1 m tonnes to 377.5 m tonnes. The reduction was a result of planned outages. MRPL's net operating income has been greatly hit and it has reported a net loss for the year 2000. This has been due to the increase in the international prices of crude, which have adversely hit gross refining margins.

(Rs m) FY1999 FY2000 Change
Sales 24,188 30,210 24.9%
Operating Profit (EBDIT) 4,930 800 -83.8%
Operating Profit Margin (%) 20.4% 2.6%  
Interest 3,428 2,370 -30.9%
Depreciation 1,345 1,428 6.2%
Profit before Tax 157 (2,997) -2005.1%
Tax 16 - -100.0%
Profit after Tax/(Loss) 141 (2,997) -2226.9%
Net profit margin (%) 0.6% -9.9%  
Earnings per share* 0.18 -3.77  
(annualised)      

MRPL has increased its capacity from 3 to 9 m tonne per annum (MTPA) in FY00. It completed construction two months prior to the scheduled date. It has carried out trial runs and production should stabilise by the beginning of FY01. It plans to increase its capacity to 12 MTPA through debottlenecking. As per the latest reports MRPL plans to increase capacity further to 18 MTPA by setting up additional capacity of 6 MTPA.

MRPL is trading at Rs 10 a P/E multiple of 56 on FY99 earnings. With crude prices expected to remain firm in the first two quarters of FY01, MRPL's woes are expected to continue.


Equitymaster requests your view! Post a comment on "MRPL in the red". Click here!

  

More Views on News

MRPL Announces Quarterly Results (1QFY20); Net Profit Down 238.2% (Quarterly Result Update)

Aug 5, 2019 | Updated on Aug 5, 2019

For the quarter ended June 2019, MRPL has posted a net profit of Rs 5 bn (down 238.2% YoY). Sales on the other hand came in at Rs 112 bn (down 32.5% YoY). Read on for a complete analysis of MRPL's quarterly results.

MRPL Announces Quarterly Results (4QFY19); Net Profit Down 41.2% (Quarterly Result Update)

May 14, 2019 | Updated on May 14, 2019

For the quarter ended March 2019, MRPL has posted a net profit of Rs 3 bn (down 41.2% YoY). Sales on the other hand came in at Rs 177 bn (down 5.3% YoY). Read on for a complete analysis of MRPL's quarterly results.

More Views on News

Most Popular

Why We Picked This Small-cap Stock for Our Hidden Treasure Subscribers (Profit Hunter)

Sep 17, 2020

This leading household brand will profit big time in a post covid world.

My Top Stock to Buy in this Market Selloff (Profit Hunter)

Sep 22, 2020

The recent correction offers a great opportunity to buy this high conviction smallcap stock.

What Do the Charts Say About Buying Smallcaps Now? (Fast Profits Daily)

Sep 18, 2020

Everyone seems to be excited about buying smallcaps now...but is it the right thing to do? What do the charts tell us? Find out in this video...

How Much Money Do You Need to Be a Professional Trader? (Fast Profits Daily)

Sep 17, 2020

In this video I'll answer a question I get asked often: How much capital do I really need to trade the markets for a living? Let's find out...

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

MRPL SHARE PRICE


Sep 25, 2020 (Close)

TRACK MRPL

COMPARE MRPL WITH

MARKET STATS