Mangalore Refinery and Petrochemicals: rating update from India Ratings
Mangalore Refinery and Petrochemicals (MRPL) said India Ratings has assigned its credit rating. The company is valued at about ₹30,083 crore.
What happened
In a filing with the NSE on 29 September 2026 at 05:03 PM, Mangalore Refinery and Petrochemicals (MRPL) said that India Ratings has assigned its credit rating.
From the filing: "Mangalore Refinery and Petrochemicals Limited has informed the Exchange about Credit Rating- New Assignment of Initial (New) Credit Rating by M/s FITCH Ratings."
Company snapshot
Mangalore Refinery and Petrochemicals is a mid-cap company in the Oil Gas & Consumable Fuels sector, with a market value of about ₹30,083 crore.
The stock last traded at ₹171.7, against a 52-week range of ₹132.2–₹212.3 (19.1% below the high).
Before this filing the shares had moved −3.6% over the month and +10.4% over three months. Average daily turnover over the last 20 sessions was about ₹168 crore.
Promoters held 88.58% at the end of Q1 FY27. Foreign institutions owned 2.17% and domestic institutions 0.39%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 20,988 | -270.7 | -1.54 |
| Q2 FY26 | 25,953 | 623.7 | 3.58 |
| Q3 FY26 | 29,720 | 1,450.9 | 8.28 |
| Q4 FY26 | 28,493 | 117 | 0.67 |
| Q1 FY27 | 41,609 | 945.7 | 5.4 |
What history shows
BCEIE has no earlier credit rating filing from this company on record since May 2026.
Across 13 similar disclosures by other Oil Gas & Consumable Fuels companies, shares moved +1.8% on average the next day and −1.9% over five days; 62% of them rose the next day.
Market-wide, 1,184 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.2%, with 48% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- Whether other agencies take a similar view on the company's credit.
In the news
Recent coverage elsewhere (links open the original publisher):
- Mangalore Refinery And Petrochemicals Ltd (MRPL) Share Price
- MRPL Share Price Rises 2.8% Today: Key View
- MRPL Target Share Price, MRPL Share Price Forecast
- MRPL and Chennai Petroleum Stocks Surge Despite Market Weakness
- MRPL, Chennai Petroleum shares surge 5% in a weak market - What is driving the stocks?
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.