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Mangalore Refinery and Petrochemicals Limited — Bonds & AAA (CRISIL) Rating

PSU · Power & Energy

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
AAA (CRISIL)
Most common current rating on senior bonds
3 of 3 rated · CRISIL, 29 Feb 2020
Total Debt Outstanding
₹3,260 Cr
Across 3 instruments
Active Bonds
3
First Issue
13 Jan 2020
Latest Issue
29 Dec 2021
Maturity Range
2030 - 2032
Observation
3 active bonds tracked from this issuer.
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Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
Issuer health card 1 item to look at
  • Current ratings CRISIL AAA, CARE AAA
  • Rating range All current ratings are AAA (CARE 31 Jan 2022, CRISIL 29 Feb 2020)
  • Rating direction, 12 months 0 upgrades, 0 downgrades
  • Watch / negative outlook None in 12 months
  • Issuer not cooperating No such actions in 12 months
  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
  • Newest agency rating No agency rating on file newer than 31 Jan 2022
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 2 of 3 active bonds had an exchange trade
  • Exchange filings, 90 days 31 filings on NSE/BSE

A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.

Alert me about Mangalore Refinery and Petrochemicals Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.
01 Issuer Overview
Sector
Power & Energy
Issuer Type
PSU
First Tracked Bond
13 Jan 2020
Start of this issuer's debt program timeline
  • 3 active bonds tracked from this issuer.
  • 0 of 3 tracked bonds with a stated security status are secured. (based on 3 bonds with a disclosed security status)
  • Most recent rating action: update by CRISIL on 9 Oct 2026.

Mangalore Refinery and Petrochemicals Limited is a public sector undertaking (PSU) in the Power & Energy sector. Coupon rates on outstanding bonds range from 7.40% - 7.75%, paid annually. Bonds mature between 2030 - 2032.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
3
Tracked by RetailBonds
Amount Tracked
₹3,260 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
7.54%
Range 7.40% - 7.75%
Avg Remaining Tenure
4.0 Yrs
Nearest maturity Jan 2030
Secured
0%
0 of 3 bonds with known status
Callable
0
Of 3 bonds
Avg Spread vs G-Sec
+66 bps
Credit premium, from 2 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (2 bonds).

0 2030: 2 bonds, ₹2,060 Cr tracked, avg coupon 7.58% 2 bonds 2030 2032: 1 bond, ₹1,200 Cr tracked, avg coupon 7.48% 1 bond 2032

Security Type / Instrument Mix

  • NCD 3 bonds · 100% · ₹3,260 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2020: ₹2,060 Cr issued 2020 2021: ₹1,200 Cr issued 2021 Cumulative: ₹2,060 Cr Cumulative: ₹3,260 Cr

Based on 3 of 3 active bonds with a known issue date and issue size.

Financial Snapshot

H1 FY27 vs H1 FY27
Debt / Equity
0.54
Prior: 0.76
Debt Service Coverage (DSCR)
2.75
Prior: 0.62
Interest Service Coverage (ISCR)
9.70
Prior: 7.74
Revenue from Operations
₹77,199.36 Cr
Prior: ₹41,608.96 Cr
Net Profit / Loss
₹2,846.44 Cr
Prior: ₹945.68 Cr
Profit Before Tax
₹3,733.74 Cr
Prior: ₹1,214.81 Cr

As filed under SEBI LODR Reg 52(4) / Integrated Filing, filed 14 Oct 2026. Figures are reported facts, not a rating or recommendation.

03 Credit Profile
  • AAA 3 bonds · 100%
AgencyRatingOutlookBonds
CRISIL AAA Stable 2
CARE AAA — 1

Recent Rating Actions

9 Oct 2026 · CRISIL
—
Update
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE103A08035 Mangalore Refinery and Petrochemicals 7.75% Jan 2030 NCD 7.75% AAA (CRISIL) 2030-01-29 7.71% 2026-11-06
INE103A08019 Mangalore Refinery and Petrochemicals 7.40% Apr 2030 NCD 7.40% AAA (CRISIL) 2030-04-12 — —
INE103A08050 Mangalore Refinery and Petrochemicals 7.48% Apr 2032 NCD 7.48% AAA (CARE) 2032-04-14 7.92% 2026-11-02
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YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.

05 Market Activity

Last 30 days, across all outstanding bonds from this issuer.

BSE Traded Value (Last 30 Days)
—
Number of Trades (Last 30 Days)
6
Avg. Yield (Last 30 Days)
7.84%
06 Regulatory Filings
BSE Corporate Announcements
Financial results for the quarter and half year ended September 30, 2026. 14 Oct 2026
Outcome of Board Meeting fo the quarter and half year ended September 30, 2026. 14 Oct 2026
Record date for Interim dividend for FY 2026-27 has been fixed as 21 October, 2026. 14 Oct 2026
Security cover Certificate for quarter and half year ended September 30, 2026. 14 Oct 2026
Mangalore Refinery And Petrochemicals Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/10/2026 ,inter alia, to consider and approve Update .... 8 Oct 2026
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 3 2022-01-31
Rating Actions History 1 2026-10-09
Secondary-Market Trades 15 2026-11-06
Reg52(4) Payment Disclosures 0 —

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does Mangalore Refinery and Petrochemicals Limited have?

Mangalore Refinery and Petrochemicals Limited currently has 3 active bonds with coupons of 7.40% - 7.75%, maturities spanning 2030 - 2032.

What is Mangalore Refinery and Petrochemicals Limited's credit rating?

The most common current rating on Mangalore Refinery and Petrochemicals Limited's senior bonds is AAA (CRISIL). Ratings on file come from CARE, CRISIL.

Are Mangalore Refinery and Petrochemicals Limited's bonds secured?

Of the 3 bonds with a disclosed security status, 0 are secured (0%) and 3 are unsecured.

When do Mangalore Refinery and Petrochemicals Limited's bonds mature?

Mangalore Refinery and Petrochemicals Limited's active bonds mature between 2030 - 2032; the nearest matures in Jan 2030; the average tenure is 4.0 Yrs.

What is the average coupon on Mangalore Refinery and Petrochemicals Limited's bonds?

The average coupon across Mangalore Refinery and Petrochemicals Limited's 3 active bonds is 7.54%.

Disclaimer: This page aggregates publicly available data about Mangalore Refinery and Petrochemicals Limited for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.