Introduction
Mangalore Refinery and Petrochemicals Limited (MRPL) and
Reliance Petroleum Limited (RPL)
Table 1 : MRPL’s Income Statement and Balance Sheet


(Rs. in mn)
Particulars April 1999 – March 2000 April 2000 – March
2001 April 2001 – march 2002
Net Sales 30212.04 28891.50 53714.40
Other Income 701.37 524.50 439.90
Total Income 30913.41 29415.70 54154.30
Expenditure (30112.79) (27917.50) (51587.00)
Interest (2369.59) (2378.30) (6722.90)
Depreciation (1427.63) (1728.60) (3633.50)
Tax (0.24) (0.30) 2864.30
Total Expenditure (33910.25) (32024.70)
(61943.40)
Profit after Tax (2996.84) (2609.00)
(4924.80)
Equity 7921.00 7921.00 7921.00
Reserves 1714.50 (1506.96) (4489.56)
Debt 54082.97 50516.52 55356.94
.
Table II : RPL’s Income statement and Balance Sheet
Particulars April 2001 – March 2002 April 2000 – March
2001
Net Sales 331170.00 309630.00
Other Income 3550.00 2200.00
Total Income 334720.00 311830.00
Expenditure (299430.00) (279090.00)
Interest (9550.00) (10320.00)
Depreciation (8020.00) (6610.00)
Tax (980.00) (1170.00)
Total Expenditure (317980.00) (297190.30)
Profit after Tax 16740.00 14640.00
Equity 52020.00 47488.10
Reserves - 34974.20
Debt - 74921.30
Table III : Quarterly Closing Prices (04/30/1996 to
09/30/2002)
Date BSE-30 RPL MRPL
04/30/96 3376.64 14.75 32.50
06/28/96 3731.96 12.90 28.25
09/30/96 3519.42 10.25 19.35
12/24/96 2883.88 10.40 20.60
03/31/96 3360.89 12.70 17.65
06/30/97 4256.09 17.40 18.10
09/30/97 3902.03 19.00 21.60
12/31/97 3658.98 23.55 19.85
03/31/98 3892.75 20.50 19.25
06/30/98 3250.69 20.00 16.15
09/30/98 2812.49 17.60 13.90
12/31/98 3055.41 18.80 12.90
03/31/98 3739.96 18.70 10.30
06/30/99 4140.73 27.05 19.00
09/30/99 4764.92 46.90 21.00
12/30/99 5005.82 65.70 16.70
03/31/00 5001.28 60.04 12.35
06/30/00 4748.77 53.95 9.90
09/29/00 4090.38 56.75 8.80
12/29/00 3972.12 56.60 8.80
03/30/01 3604.39 48.55 7.70
06/29/01 3456.78 47.00 6.85
09/28/01 2811.66 29.75 6.30
12/31/01 3263.33 29.30 6.80
03/28/02 3469.35 25.85 6.80
06/28/02 3244.70 24.05 10.00
09/30/02 2930.51 23.10 7.65

Questions
1. Calculate the average return and risk on shares of
RPL and MRPL during the period 1996-2002. divide the total
risk on each of the stocks between systematic and
unsystematic components. Calculate each of the components
as a percentage of the total risk.