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Reliance Industries vs MRPL vs Chennai Petroleum: Which Stock Should You Track

  • September 28, 2026
  • Posted by: Kunal Singla
  • Category: Market
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Reliance Industries vs MRPL vs Chennai Petroleum: Which Stock Should You Track

Reliance Industries PE 18.82, mkt cap Rs 16,59,089 crore. Mangalore Refinery and Petrochemicals PE 9.20, mkt cap Rs 28,892 crore. Chennai Petroleum Corporation PE 4.91, mkt cap Rs 20,489 crore.

Quick Answer

Reliance Industries vs Mangalore Refinery and Petrochemicals vs Chennai Petroleum Corporation is a side-by-side comparison of three companies from the Oil Refining space. On this comparison, Reliance Industries carries a market capitalisation of about Rs 16,59,089 crore against Rs 28,892 crore for Mangalore Refinery and Petrochemicals and Rs 20,489 crore for Chennai Petroleum Corporation, with return on equity of 8.94%, 13.56% and 27.93% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.

Reliance Industries vs Mangalore Refinery and Petrochemicals vs Chennai Petroleum Corporation starts with the core numbers most investors compare within the Oil Refining segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.

All three names sit in the Oil Refining bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.

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Table of Contents

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  • Reliance Industries, Mangalore Refinery and Petrochemicals and Chennai Petroleum Corporation: Company Overview
  • Reliance Industries vs Mangalore Refinery and Petrochemicals vs Chennai Petroleum Corporation: Valuation and Profitability Snapshot
  • Reliance Industries vs Mangalore Refinery and Petrochemicals vs Chennai Petroleum Corporation: Latest Quarterly Results
  • What Should Investors Look at Beyond These Numbers?
  • Conclusion
  • FAQs on Reliance Industries vs Mangalore Refinery and Petrochemicals vs Chennai Petroleum Corporation
    • What is the market cap difference between Reliance Industries, Mangalore Refinery and Petrochemicals and Chennai Petroleum Corporation?
    • Which of the three has the highest PE ratio?
    • Which of the three has the highest ROE?
    • Which of these three stocks pays the highest dividend yield?
    • What is the debt to equity ratio for Reliance Industries, Mangalore Refinery and Petrochemicals and Chennai Petroleum Corporation?
    • Which of the three trades at the highest price to book value?
    • Is one of Reliance Industries, Mangalore Refinery and Petrochemicals or Chennai Petroleum Corporation better than the others?

Reliance Industries, Mangalore Refinery and Petrochemicals and Chennai Petroleum Corporation: Company Overview

Reliance Industries is a listed Indian company in the Oil Refining space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Mangalore Refinery and Petrochemicals is a listed Indian company in the Oil Refining space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Chennai Petroleum Corporation is a listed Indian company in the Oil Refining space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Reliance Industries vs Mangalore Refinery and Petrochemicals vs Chennai Petroleum Corporation: Valuation and Profitability Snapshot

Metric Reliance Industries Mangalore Refinery and Petrochemicals Chennai Petroleum Corporation
Market Cap (approx.) Rs 16,59,089 crore Rs 28,892 crore Rs 20,489 crore
PE Ratio (TTM) 18.82 9.20 4.91
PB Ratio 1.84 2.04 1.84
Return on Equity (ROE) 8.94% 13.56% 27.93%
EPS (TTM, Rs) 65.15 17.92 280.30
Dividend Yield 0.49% 2.43% 4.51%
Debt to Equity 0.44 1.08 0.18
Book Value per Share (Rs) 668.04 80.95 746.03

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On valuation, Reliance Industries trades at a PE of 18.82 and a PB of 1.84, Mangalore Refinery and Petrochemicals at a PE of 9.20 and a PB of 2.04, while Chennai Petroleum Corporation trades at a PE of 4.91 and a PB of 1.84. On return on equity, the three post 8.94%, 13.56% and 27.93% respectively, and on dividend yield they stand at 0.49%, 2.43% and 4.51%.

Reliance Industries vs Mangalore Refinery and Petrochemicals vs Chennai Petroleum Corporation: Latest Quarterly Results

Company Latest Quarter Revenue Latest Quarter Net Profit YoY Change (Revenue) QoQ Change (Revenue)
Reliance Industries Rs 346,807.00 crore Rs 23,001.00 crore +20.3% +5.2%
Mangalore Refinery and Petrochemicals Rs 41,679.85 crore Rs 945.68 crore +98.2% +46.0%
Chennai Petroleum Corporation Rs 29,376.45 crore Rs 1,031.35 crore +57.2% +43.5%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three oil refining names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.

Conclusion

Reliance Industries vs Mangalore Refinery and Petrochemicals vs Chennai Petroleum Corporation highlights how differently three companies in the same oil refining segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

FAQs on Reliance Industries vs Mangalore Refinery and Petrochemicals vs Chennai Petroleum Corporation

What is the market cap difference between Reliance Industries, Mangalore Refinery and Petrochemicals and Chennai Petroleum Corporation?

Ans. As of September 2026, Reliance Industries has a market cap of approximately Rs 16,59,089 crore, Mangalore Refinery and Petrochemicals is at approximately Rs 28,892 crore, and Chennai Petroleum Corporation is at approximately Rs 20,489 crore.

Which of the three has the highest PE ratio?

Ans. Among Reliance Industries, Mangalore Refinery and Petrochemicals and Chennai Petroleum Corporation, the PE ratios stand at 18.82, 9.20 and 4.91 respectively as of September 2026.

Which of the three has the highest ROE?

Ans. Reliance Industries, Mangalore Refinery and Petrochemicals and Chennai Petroleum Corporation post ROE of 8.94%, 13.56% and 27.93% respectively as of September 2026.

Which of these three stocks pays the highest dividend yield?

Ans. Reliance Industries, Mangalore Refinery and Petrochemicals and Chennai Petroleum Corporation carry dividend yields of 0.49%, 2.43% and 4.51% respectively.

What is the debt to equity ratio for Reliance Industries, Mangalore Refinery and Petrochemicals and Chennai Petroleum Corporation?

Ans. Reliance Industries carries a debt to equity of 0.44, Mangalore Refinery and Petrochemicals of 1.08, and Chennai Petroleum Corporation of 0.18.

Which of the three trades at the highest price to book value?

Ans. Reliance Industries, Mangalore Refinery and Petrochemicals and Chennai Petroleum Corporation trade at price to book ratios of 1.84, 2.04 and 1.84 respectively.

Is one of Reliance Industries, Mangalore Refinery and Petrochemicals or Chennai Petroleum Corporation better than the others?

Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.



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Author: Kunal Singla
Kunal Singla is the Associate Director - Research at Univest, leading quantitative equity research, intraday trading setups, and derivatives strategy. With 4+ years of experience in Indian equity markets, he combines rigorous quantitative methods with classical technical analysis to build high-conviction research frameworks for retail and advisory clients. He holds an MSc from the Indian Institute of Technology (IIT) Delhi — one of India's most selective institutions — and has completed the Certificate in Quantitative Finance (CQF), a globally recognised programme covering derivatives pricing, risk modelling, machine learning for finance, and advanced portfolio theory. This combination places him in a small group of Indian analysts with both deep academic training in quantitative methods and SEBI-recognised research credentials. Kunal holds seven SEBI-recognised NISM certifications spanning research, derivatives, portfolio management, and securities operations: Series-XV (Research Analyst), Series-XXI-A (Portfolio Managers), Series-XVI (Commodity Derivatives), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-V-A (Mutual Fund Distributors), and Series-I (Currency Derivatives). At Univest — India's SEBI-registered research and advisory platform — Kunal leads research inputs for Pro Lite, Pro Super, Pro Gold, and Pro Commodity advisory services, alongside publishing intraday stock picks on Univest Blogs.

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