Name: Latest research reports of Mangalore Refinery And Petrochemicals Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Mangalore Refinery And Petrochemicals Ltd.
Rating: 1
Author: Motilal Oswal

Earnings start to peak out; reiterate Sell

Sell: Mangalore Refinery And Pet...

Target

Motilal Oswal

While MRPL delivered a solid beat vs. our estimates, we believe its earnings
are set to decline from 1QFY25 amid weaker SG GRM QoQ. We are building
in a GRM of USD8/bbl in FY25/26, leading to an RoE of 18.2%/15.4%.