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STOCK COMPARISON

Mangalore Refinery and Petrochemicals vs Reliance Industries: Fair Value & Quality

Both stocks run through our valuation models. Here is how Mangalore Refinery and Petrochemicals (MRPL) and Reliance Industries (RELIANCE) compare, as of Oct 2, 2026.

As of Oct 2, 2026, Fair Value Calculator sees Reliance Industries as the less overvalued of the two: Mangalore Refinery and Petrochemicals trades at ₹165 versus a fair value of ₹102 (−37.9%), while Reliance Industries trades at ₹1,168 versus ₹865 (−25.9%).
Mangalore Refinery and Petrochemicals
MRPL.NSE · INR · Energy
−37.9%
upside to fair value
overvalued
Price₹165
Fair Value₹102
Quality51/100
Reliance Industries
RELIANCE.NSE · INR · Energy
−25.9%
upside to fair value
overvalued
Price₹1,168
Fair Value₹865
Quality50/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Mangalore Refinery and PetrochemicalsReliance Industries
Valuation
8.9×P/E (TTM)22.1×
n/aForward P/E (FY2028)16.4×
0.26×P/S (TTM)1.53×
2.03×P/B1.92×
4.4×EV/EBITDA10.3×
n/aPEG0.82×
−37.9%Fair value upside−25.9%
2.4%Dividend yield0.5%
₹4.00Dividend per share₹6.00
Profitability
2.4%Operating margin12.3%
n/aEBIT margin trend (5Y)0.99×
14.2%Return on equity9.1%
9.2%Return on assets3.7%
Growth
120.4%Revenue growth (YoY)29.7%
-6.6%Avg. growth/yr (3Y)6.4%
23.0%Avg. growth/yr (5Y)17.8%
−5.8%Value creation/yr+10.2%
Balance & size
5.2×Interest coverage (EBIT/interest)4.5×
0.60×Debt / equity0.30×
$3BMarket cap$180B
weakGrowth qualityhealthy
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Even match: 7 to 7 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Mangalore Refinery and Petrochemicalsof which business quality 49 · market factors 56 Reliance Industriesof which business quality 50 · market factors 43
ProfitabilityMargins and returns on capital today
49
34
Quality GrowthAre margins and returns improving?
58
45
CashflowEarnings quality: real cash, not paper profit
17
49
Fin. StrengthBalance sheet, leverage, solvency risk
45
47
InvestmentDisciplined investing over empire-building
65
51
Low VolatilityCalm price path (market factor)
61
94
MomentumPrice trend over the last 3–12 months (market factor)
53
30
52W MomentumDistance to the 52-week high (market factor)
54
9
Net IssuanceShare count: buybacks or dilution?
82
82

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyMangalore Refinery and PetrochemicalsPrice ₹165Reliance IndustriesPrice ₹1,168
DCF Models−16.2%below the price₹138−17.7%below the price₹961
Earnings-Based−39.0%below the price₹101−41.3%below the price₹685
Dividend Discount−60.4%below the price₹65.25−91.7%below the price₹96.77
Multiples+7.8%close to the price₹178−28.0%below the price₹840
Asset-Based−67.1%below the price₹54.27−61.9%below the price₹445
Growth DCF−70.2%below the price₹49.10−8.1%close to the price₹1,073
Economic Profit−31.1%below the price₹113−43.9%below the price₹655
Growth Earnings−18.0%below the price₹135−22.6%below the price₹904
Minimum−70.2%below the price₹49.10−91.7%below the price₹96.77
Maximum+7.8%close to the price₹178−8.1%close to the price₹1,073
Median−35.1%below the price₹107−34.7%below the price₹763
Geometric mean−42.4%below the price₹94.88−49.3%below the price₹592

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Mangalore Refinery and Petrochemicals: 17 of 25 models see the stock below the current price.

Reliance Industries: 25 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Mangalore Refinery and Petrochemicals
Price ₹165
Fair Value ₹102
Bear ₹74.14Bull ₹176
Reliance Industries
Price ₹1,168
Fair Value ₹865
Bear ₹489Bull ₹1,176

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Mangalore Refinery and Petrochemicals · Energy

Quality score51 · above median
Fair value upside−37.9% · below median

Reliance Industries · Energy

Quality score50 · above median
Fair value upside−25.9% · below median

Bottom line

As of Oct 2, 2026, Fair Value Calculator sees Reliance Industries as the less overvalued of the two: Mangalore Refinery and Petrochemicals trades at ₹165 versus a fair value of ₹102 (−37.9%), while Reliance Industries trades at ₹1,168 versus ₹865 (−25.9%).

Mangalore Refinery and Petrochemicals has the higher quality score (51/100).

Open Reliance Industries live analysis →

More comparisons

Popular match-ups from the same sectors, all with fair value and quality score.

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.