Rs 4 Dividend Confirmed By Miniratna PSU Company; Time To Buy The ONGC-Backed Stock?

Mangalore Refinery and Petrochemicals Limited (MRPL) is a Miniratna Category 1 CPSE under the Ministry of Petroleum & Natural Gas. It manufactures petroleum products, including diesel, petrol, and petrochemicals, as a division of ONGC. For FY26, MRPL has announced an interim dividend and set a record date for it. Mangalore Refinery and Petrochemicals Ltd.'s announcement, the share price ended at Rs 206.10 on the NSE, a substantial rise of 5.02%. The stock opened at a low of Rs 196.50 and showed significant volatility and momentum, rising to an all-new intraday high of Rs 212.31.

Mangalore Refinery and Petrochemicals Dividend

The Board of Directors have approved "An Interim dividend at the rate Rs 4/- on fully paid up equity shares of Rs 10/- each, i.e., @ 40% for the Financial Year 2025-26. It may also be noted that, pursuant to Regulation 42 of SEBI (LODR), the Board has fixed Wednesday, March 11, 2026 as the "Record Date" for the purpose of ascertaining the eligibility of shareholders for payment of interim dividend. The Interim Dividend would be paid to eligible shareholders on or before April 02, 2026," confirmed the PSU company in a regulatory statement.

Mangalore Refinery and Petrochemicals Dividend Yield & History

Since September 12, 2002, Mangalore Refinery has issued 15 dividends, according to Trendlyne statistics. Following its most recent interim dividend announcement in March 2026, Mangalore Refinery and Petrochemicals Limited (MRPL) currently has a dividend yield of around 1.94%. According to IndMoney, the 10-year mean dividend yield is around 1.85%.

Mangalore Refinery Target Price 1

"Mangalore Refinery stock price is bearish on the Daily charts with strong resistance at 197. A Daily close below support of 183 could lead to a target of 162 in the near term," commented A R Ramachandran, part-time SEBI-registered Research Analyst, Tips2trades.

Mangalore Refinery Target Price 2

"Mangalore Refinery (MRPL) is the one to watch right now. Today, the stock saw a massive jump, crossing the Rs. 200 mark and closing near Rs. 210 with huge buying volume. It even hit a new 52-week high! A big reason for this excitement is that the company just declared a nice interim dividend of Rs. 4 per share, with the record date set for next Wednesday, March 11. The chart setup is looking incredibly strong. All the important indicators are pointing sharply upwards. You can buy it at a re-test of Rs. 205, keep a strict stop-loss around Rs. 192, and ride the bullish momentum," commented Market Wizard's Adib Noorani on Friday.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred to as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.