Is Mangalore Refinery & Petrochemicals the Best Stock in Its Sector? A Look at the Numbers

Is Mangalore Refinery & Petrochemicals the best stock in its sector? The stock trades on the NSE at Rs 185 as of 15 October 2026, within its 52-week range of Rs 136.02 to Rs 212.31. The sections below cover the business, the key ratios, a peer comparison and a closer look at valuation.

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About Mangalore Refinery & Petrochemicals

Mangalore Refinery and Petrochemicals Ltd, based in Mangaluru, Karnataka, is an oil refining company that is part of the ONGC group. It refines crude oil into petrol, diesel, aviation turbine fuel and other products, and it also runs a polypropylene unit in its petrochemicals segment. At a market capitalisation of Rs 32,467 Cr, it is tracked as part of the Refineries sector on Univest.

Is Mangalore Refinery & Petrochemicals the Best Stock in Its Sector?

Mangalore Refinery & Petrochemicals makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, backed by its return on equity. Mangalore Refinery & Petrochemicals' 10.34x P/E is below the 15.11x Industry P/E, though above Chennai Petroleum Corporation at 5.51x and Bharat Petroleum Corporation at 7.32x, while its 13.56% ROE is lower than Chennai Petroleum Corporation at 27.93% and Bharat Petroleum Corporation at 25.80%, and its debt to equity ratio of 1.08 is above Chennai Petroleum Corporation at 0.18 and Bharat Petroleum Corporation at 0.54.

Metric	Mangalore Refinery & Petrochemicals
CMP (NSE)	Rs 185.26
52-Week High / Low	Rs 212.31 / Rs 136.02
Market Cap	Rs 32,467 Cr
P/E (TTM) vs Industry P/E	10.34x vs 15.11x
P/B	2.29
ROE	13.56%
EPS (TTM)	Rs 17.92
Dividend Yield	2.16%
Debt to Equity	1.08

Compare Mangalore Refinery & Petrochemicals Against Other Refineries Sector Stocks

How Mangalore Refinery & Petrochemicals Compares Against Its Refineries Sector Peers

The table below sets Mangalore Refinery & Petrochemicals against 2 other Refineries sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.

Company	Market Cap (Rs Cr)	P/E	ROE	Debt to Equity
Mangalore Refinery & Petrochemicals	32,467	10.34	13.56%	1.08
Chennai Petroleum Corporation	23,014	5.51	27.93%	0.18
Bharat Petroleum Corporation	1,25,470	7.32	25.80%	0.54
Peer average (2 companies)	-	6.42	26.87%	0.36

Measured against the peer averages, Mangalore Refinery & Petrochemicals' P/E is 61 percent above the 6.42x average, and its ROE is 13.31 percentage points below the 26.87% average. An average of just two companies is a rough guide, so treat the gap as a pointer for further research and not as a verdict.

What Makes Mangalore Refinery & Petrochemicals Worth Watching in Refineries

• Scale: At Rs 32,467 Cr, its market capitalisation is larger than Chennai Petroleum Corporation (Rs 23,014 Cr), though smaller than Bharat Petroleum Corporation (Rs 1,25,470 Cr), which is a useful reminder that the peers differ in size as well as in valuation.
• Sector drivers: Refining margins, crude oil price swings and fuel demand drive profits for refiners, so earnings can move sharply from one quarter to the next.
• Key risk: Compared with fully integrated oil marketing companies, a standalone refiner with limited retail presence is more exposed to the refining margin cycle.

Mangalore Refinery & Petrochemicals Valuation: Is It Justified?

At a P/B ratio of 2.29, the market pays about Rs 2.29 for every rupee of book value, and the EPS (TTM) of Rs 17.92 is the earnings base behind the P/E. The stock trades about 13 percent below its 52-week high and about 36 percent above its 52-week low. The dividend yield of 2.16% adds a meaningful income component on top of any price movement. As with any single stock, investors should weigh these figures against their own valuation discipline and risk appetite rather than the sector label alone.

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How to Track Mangalore Refinery & Petrochemicals Before You Invest

Before deciding whether Mangalore Refinery & Petrochemicals deserves its label as the best stock in its sector for your own portfolio, compare it directly against Refineries sector peers using the steps below.

1. Open the Univest Screener and search for Mangalore Refinery & Petrochemicals to view live price, valuation ratios, and peer comparisons within the Refineries sector.
2. Compare its P/E, P/B, and ROE against other Refineries sector stocks before deciding if the current valuation fits your strategy.
3. Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
4. Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

Mangalore Refinery & Petrochemicals gives investors a clear set of numbers to work with, from returns and valuation to leverage and peer standing. Whether it earns the label of best stock in Refineries depends on how much weight you give each of them and on how the business executes from here. Because the stock trades below its sector benchmark, the open question is whether earnings growth will close that gap or whether the discount is deserved. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

Is Mangalore Refinery & Petrochemicals the best stock in its sector?

Ans. There is no single definitive answer, because the best stock in a sector depends on whether an investor is prioritising returns, valuation or balance sheet strength. Mangalore Refinery & Petrochemicals has a 13.56% ROE and trades at 10.34x P/E against a 15.11x Industry P/E. Against the 2 peers compared in this article, its ROE is below the 26.87% peer average and its P/E is above the 6.42x peer average. Its debt to equity ratio of 1.08 is above the 0.36 peer average, which matters because borrowing can inflate returns and add risk when business conditions weaken. These figures are best read together rather than in isolation, and they work as a starting point for your own research and not as a verdict.

What is the current share price of Mangalore Refinery & Petrochemicals?

Ans. Mangalore Refinery & Petrochemicals was trading at Rs 185.26 on the NSE as of 15 October 2026, and its 52-week range runs from Rs 136.02 to Rs 212.31. That leaves the share price 13 percent short of the 52-week high and 36 percent clear of the 52-week low. Its market capitalisation is Rs 32,467 Cr and its EPS (TTM) is Rs 17.92, which is the earnings figure behind the 10.34x P/E. Share prices change through the trading day, so check the live quote on Univest before acting on any number here.

What sector does Mangalore Refinery & Petrochemicals belong to?

Ans. Mangalore Refinery & Petrochemicals is classified under the Refineries sector on Univest, and that group of listed companies is the reference point for the 15.11x Industry P/E used in this article. The 2 named peers compared here are Chennai Petroleum Corporation and Bharat Petroleum Corporation, chosen as comparable listed names so that the P/E, ROE and debt figures come from the same live data source. Investors who want a wider view can compare more Refineries sector stocks on the Univest Screener, since no two companies in a sector have exactly the same business mix.

How does Mangalore Refinery & Petrochemicals compare to its sector peers on P/E?

Ans. Mangalore Refinery & Petrochemicals' P/E of 10.34x is above the 6.42x average of the 2 named peers, with Chennai Petroleum Corporation at 5.51x and Bharat Petroleum Corporation at 7.32x. It also sits below the 15.11x Industry P/E, which is the benchmark for the wider Refineries sector. A P/E that is above a peer average can reflect a valuation discount or premium, but it can also reflect different growth or return expectations, so it should be read alongside ROE and debt. Its P/B ratio of 2.29 gives one more view of how the market values its book value.

What is Mangalore Refinery & Petrochemicals' return on equity?

Ans. Mangalore Refinery & Petrochemicals reported a return on equity of 13.56%, which is below the 26.87% average of its named peers, with Chennai Petroleum Corporation at 27.93% and Bharat Petroleum Corporation at 25.80%. ROE shows how much profit a company generates on every rupee of shareholders' equity, so a higher figure generally points to more efficient use of capital. ROE is easier to trust when leverage is modest, and here the debt to equity ratio is 1.08 against a peer average of 0.36. It is worth checking whether the ROE has been stable over several years rather than relying on a single reading.

Should I invest in Mangalore Refinery & Petrochemicals based on its sector position?

Ans. Sector position is only one input into an investment decision. Mangalore Refinery & Petrochemicals has a 13.56% ROE and a 10.34x P/E, which make it worth researching further, and its dividend yield is 2.16%. You should also weigh its business outlook, earnings consistency, debt levels, your investment horizon and your own risk appetite before buying. Spreading money across several stocks and sectors reduces concentration risk, and this article is educational content, not investment advice. For personalised guidance, consult a SEBI-registered advisor.