MRPL Share Price Target 2023, 2024, 2025, 2026, 2030 – Stock Analysis

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MRPL Share Price Target (2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030) | Mangalore Refinery and Petrochemicals Ltd Fundamentals, Financial Trends, Future Plans and more

Increasing demand for energy around the world, which could lead to increased use of natural gas as a source of electricity and heat. Due to which we can see growth in the stock of such sector.

That’s why in this blog we are going to talk about MRPL Limited, a company related to natural gas.

Hey friends, I am Sachin an author of this blog. Through this article, we are going to do a detailed analysis of MRPL Limited Shares. In which we will try to understand the company fundamentals, financial trends, shareholding better. After analyzing all these in detail, we will try to predict MRPL Share Price Target, so stay tuned till the end of this blog.

About MRPL Ltd

MRPL Share Price Target 2023, 2024, 2025, 2026, 2030

Mangalore Refinery and Petrochemicals Limited (MRPL) is a public sector oil refining and petrochemicals company located in Mangalore, Karnataka, India. It is a subsidiary of Oil and Natural Gas Corporation (ONGC), the national oil company of India. MRPL was commissioned in 1988 and has a refining capacity of 15 million metric tons per year.

The company produces a range of petroleum products, including gasoline, diesel, aviation fuel, and petrochemical feedstocks. It also has a research and development division that focuses on developing technologies for the oil and gas industry.

Also Read – ONGC Share Price Target

MRPL Shareholding

  • Promoters hold 88.58%
  • Retail and Others hold 9.51%
  • Foreign Institutional Investors hold 1.57%
  • Domestic Institutional Investors hold 0.25%
  • And Mutual Funds hold 0.09% of MRPL share

The shareholding of domestic institutional investors and mutual funds has decreased from 1.18% and 1.35% in the September quarter of 2021 to 0.25% and 0.09% at present. The decrease in shareholding of any institutions becomes a matter of concern for any stocks.

MRPL Fundamentals

Market Cap₹14,433 Cr
ROE31.10%
EPS15.16
P/E Ratio5.43
Book Value 56.28
Dividend Yield 2.49%
Debt₹16,939 Cr
Debt To Equity 1.72
As of Published Date

MRPL Financial Trends

If we talk about the Revenue and Profit of MRPL Company then –

MRPL Financial Trends

Its revenue in 2019 has been ₹ 73,465 Cr and profit is ₹ 340 Cr. There was a revenue of ₹ 59,981 Cr in 2020 and a profit of ₹ -3,355 Cr. In the same 2021, there was a profit of ₹ -765 crore with a revenue of ₹ 50,797 Cr. And this year i.e. in 2022 there has been a profit of ₹ 2,958 Cr with a revenue of ₹ 86,065 Cr.

MRPL Share Price Target 2023 – 2030 table list

YearMRPL Share Price Target
2023₹60 – ₹65
2024₹90 – ₹98
2025₹126 – ₹135
2026₹160 – ₹170
2027₹205 – ₹255
2028₹300 – ₹360
2029₹450 – ₹500
2030₹690 – ₹750
Predicted Price (by chart reading) Not Accurate

MRPL Share Price Target 2023

The demand of crude oil is increasing day by day and net income also look very good. If we talk about GMR, the more it increases, the more the profit of the MRPL will increase and it seems to be increasing for the last several days. If we look at the returns of the shares of the last years, then it is very good. Considering these, MRPL Share Price Target 2023 can be ₹60 and second target can be ₹65.

MRPL Share Price Target 2024

The management of the company is working very well to continuously increase its business in the field of petrol and gas. The trust of the investors is slowly increasing on this company. The company has given returns of -2.17% in last one year and -20.16% in last 6 months which is not considered good. If the interest of investors is bound towards the company and invest in it then we will get to see good profit.

By these, we can conclude MRPL Share Price Target 2024 of ₹90 and if the company continues its trends then second target can be ₹98.

Also Read – Urja Global Share Price Target

MRPL Share Price Target 2025

The financial performance of MRPL is not yet seen as good. If the company is successful in improving it’s fundamentals as soon as possible, then it’s stock will boom in future. The profit of this company was continuously falling, even this company had loss in 2 years, but in 2022, it has made the highest profit of 2958 crores. Keeping this in mind, MRPL Share Price Target 2025, can see be the first target of ₹126. And if this stock hits this target then we can get to see second target of ₹135.

MRPL Share Price Target 2030

The demand of Share in India is increasing day by day, which will increase even further. But it has too much debt ₹18,437 Cr which very high according to its Equity. The MRPL company is good, only proper attention is needed to grow the company. And the management of the company is also doing this, as it is taking new steps to expand the business. Considering these, MRPL Share Price Target 2030 can be ₹690 and ₹750 respectively.

For more details about the share of MRPL Share, watch this video –

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Conclusion

The target price that is being told on the basis of technical analysis and its technical time keeps on changing from time to time. That’s why this price target is not accurate, if you invest in it, do it on the basis of your research and never invest due to greed.

I have written this article i.e. MRPL Power Share Price Target 2023, 2024, 2025, 2026, 2030 on the request of you people only, so if you also want to know about any other share, then you can comment. We will definitely discuss about that in the upcoming article. If you have any questions regarding this than you can we will definitely try to reply you best.

FAQs

What will be the share price of MRPL in 2025?

According to our predicted Price, if the company improve its fundamentals and financial then we can get to see share price of MRPL in 2025 of INR 126 to INR 135.

Is MRPL a debt free company?

No, the company has a huge debt of ₹18,437 crore and its debt to equity ratio is 2.27.

Also Read –

DISCLAIMER – Stock Market Investment are subject to market risks, read all scheme related documents carefully before investing

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