MRPL ON HIGH WITH VOLUME

23 thg 4, 2022

Mangalore Refinery & Petrochemicals Limited (MRPL) was set up as a joint venture (JV) between the AV Birla Group and Hindustan Petroleum Corporation Limited (HPCL). It is now a subsidiary of the Oil & Natural Gas Corporation(ONGC). The company is mainly engaged in the business of refining crude oil, petrochemical business, trading of aviation fuels, and distribution of petroleum products through retail outlets and transport terminals
The company is expected to give a good quarter
Stock is trading at 3.39 times its book value
The company has a low-interest coverage ratio.
The company has delivered a poor sales growth of -4.20% over the past five years.
The company has had a low return on equity of -15.09% for the last 3 years.
The company might be capitalizing on the interest cost

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