Mangalore Refinery And Petrochemicals Ltd (MRPL) — Announcement | 29 September 2026

29 September 2026 · BSE 🔴 High Importance Neutral

By StockFin Research Team•AI-Assisted Analysis•Source: BSE/NSE Filings

📢 Key Event

Fitch assigns first-time BBB- rating to MRPL with Stable outlook

🔄 What Changed

First international credit rating assigned to MRPL

💡 Investor Takeaway

Routine procedural filing with no direct impact on shareholders.

⚠️ Risks

Exposure to cyclical refining industry and single-plant concentration

Fitch Ratings has assigned Mangalore Refinery and Petrochemicals Limited (MRPL) its first-ever Long-Term Issuer Default Rating of 'BBB-' with a Stable Outlook, marking the first credit rating by an international agency for the company. The rating aligns MRPL's Long-Term IDR with its parent ONGC's 'BBB-' rating due to strong operational and strategic incentives for support, despite MRPL's standalone credit profile being assessed at 'bb+'. Key strengths include high refinery complexity, robust gross refining margins, and low leverage, while risks stem from single-plant concentration and cyclical refining industry exposure.

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About Mangalore Refinery And Petrochemicals Ltd (MRPL)

Oil Gas & Consumable Fuels · Refineries · Listed on BSE

Market Cap: ₹29,759.13 CrP/E: 9.5ROE: 22.1%ROCE: 23.0%Div Yield: 2.36%

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📊 More MRPL filings

Announcement — 23 September 2026MRPL announced that its trading window will close from September 27 to October 4, 2026, covering the...
Announcement — 10 September 2026MRPL clarified that the recent spike in share trading volume is purely market-driven with no undiscl...
🔴 Announcement — 9 September 2026MRPL announced the appointment of M/s Ram Raj & Co and M/s A Raghavendra Rao & Associates as statuto...
🟡 Board Meeting — 26 August 2026MRPL shareholders approved all 10 AGM resolutions including appointing new directors, declaring a 40...
🟡 Board Meeting — 24 August 2026MRPL held its 38th AGM on August 24, 2026, approving the FY2025-26 audited financials, declaring a f...

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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