MRF Ltd
MRFMRF Ltd
MRF
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
BadThe stock is overpriced and in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 29.45 | 3.39 | 0.15% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 71.54 | 6.87 | 0.55% |
Forecast & Ratings
Detailed Forecastfrom 9 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
MRF Limited is engaged in the manufacture and sale of automotive tires, tubes and flaps, among others. The Company also manufactures rubber products, such as tread rubber and conveyor belt.
Peers
Compare with peersBalkrishna Industries Ltd
Apollo Tyres Limited
CEAT Ltd
JK Tyre & Industries Ltd
Kesoram Industries Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹ Thousand
All values in ₹ Thousand
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | — | 20,503.83 | 13,743.20 | 15,285.03 | 16,484.19 | 16,574.74 | 16,373.13 | 19,633.71 | 23,261.17 | 24,430.22 | ||||||||||
Raw Materials | — | 11,288.89 | 7,722.80 | 9,031.34 | 10,323.17 | 9,599.63 | 8,968.25 | 13,436.89 | 15,786.49 | 20,441.75 | ||||||||||
| Power & Fuel Cost | 843.37 | 580.94 | 638.23 | 763.53 | 721.56 | 655.20 | 931.94 | 1,136.03 | ||||||||||||
| Employee Cost | 1,285.22 | 1,000.36 | 1,092.36 | 1,165.28 | 1,344.93 | 1,415.03 | 1,501.95 | 1,595.38 | ||||||||||||
| Selling & Administrative Expenses | 1,207.55 | 869.18 | 961.43 | 1,073.89 | 1,066.20 | 866.74 | 1,113.54 | 1,241.40 | ||||||||||||
| Operating & Other expenses | 1,125.18 | 593.39 | 943.56 | 425.14 | 1,125.02 | 1,308.66 | 273.61 | 852.64 | ||||||||||||
EBITDA | — | 4,753.62 | 2,976.53 | 2,618.11 | 2,733.18 | 2,717.40 | 3,159.25 | 2,375.78 | 2,649.23 | 3,988.47 | ||||||||||
| Depreciation/Amortization | — | 737.12 | 610.58 | 706.72 | 807.60 | 982.32 | 1,140.77 | 1,205.05 | 1,253.05 | 1,330.23 | ||||||||||
| PBIT | — | 4,016.50 | 2,365.95 | 1,911.39 | 1,925.58 | 1,735.08 | 2,018.48 | 1,170.73 | 1,396.18 | 2,658.24 | ||||||||||
| Interest & Other Items | — | 360.60 | 256.58 | 258.74 | 273.40 | 300.83 | 281.64 | 262.80 | 326.44 | 348.13 | ||||||||||
| PBT | — | 3,655.90 | 2,109.37 | 1,652.65 | 1,652.18 | 1,434.25 | 1,736.84 | 907.93 | 1,069.74 | 2,310.11 | ||||||||||
| Taxes & Other Items | — | 1,146.47 | 623.15 | 521.04 | 521.58 | 11.69 | 459.78 | 238.70 | 300.79 | 619.21 | ||||||||||
| Net Income | — | 2,509.43 | 1,486.22 | 1,131.61 | 1,130.60 | 1,422.56 | 1,277.06 | 669.23 | 768.95 | 1,690.90 | ||||||||||
| EPS | — | 5,916.87 | 3,504.29 | 2,668.17 | 2,665.79 | 3,354.19 | 3,011.12 | 1,577.95 | 1,813.07 | 3,986.90 | ||||||||||
| DPS | — | 100.00 | 60.00 | 60.00 | 60.00 | 100.00 | 150.00 | 150.00 | 175.00 | 175.00 | ||||||||||
| Payout ratio | — | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.05 | 0.10 | 0.10 | 0.04 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
Consumer DiscretionaryTires & Rubber
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| MRF Ltd | 64.76 | 3.39 | 0.15% |
| Balkrishna Industries Ltd | 47.91 | 6.70 | 0.61% |
| Apollo Tyres Limited | 26.17 | 2.24 | 0.99% |
| CEAT Ltd | 49.73 | 2.68 | 0.52% |
Price Comparison
Compare MRF with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2022
Mar 2023
Jun 2023
Sep 2023
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding MRF Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
SBI Equity Hybrid Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 4.5456% | Percentage of the fund’s portfolio invested in the stock 3.82% | Change in the portfolio weight of the stock over the last 3 months 0.00% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 8/97 (-2) |
KOTAK EMERGING EQUITY SCHEME - DIRECT PLAN - GROWTH Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.7478% | Percentage of the fund’s portfolio invested in the stock 1.10% | Change in the portfolio weight of the stock over the last 3 months 0.14% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 33/84 (+5) |
Kotak Flexicap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.7401% | Percentage of the fund’s portfolio invested in the stock 0.89% | Change in the portfolio weight of the stock over the last 3 months -0.00% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 36/57 (+1) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Dividend Cuts
MRF has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.15%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹1.54 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateNov 17, 2023
Dividend/Share
₹3.00
Ex DateEx Date
Nov 17, 2023
Cash Dividend
Ex DateEx DateJul 20, 2023
Dividend/Share
₹169.00
Ex DateEx Date
Jul 20, 2023
Cash Dividend
Ex DateEx DateFeb 21, 2023
Dividend/Share
₹3.00
Ex DateEx Date
Feb 21, 2023
Cash Dividend
Ex DateEx DateNov 17, 2022
Dividend/Share
₹3.00
Ex DateEx Date
Nov 17, 2022
Cash Dividend
Ex DateEx DateJul 27, 2022
Dividend/Share
₹144.00
Ex DateEx Date
Jul 27, 2022
News & Opinions
Strong sales drives MRF Ltd. Q2 net up by fivefold
1 month ago•The Hindu
Sleeping On Floorboards To Rs 46,000 Crore Empire, MRF Founder Mammen Mappillai’s Success Story - News18
2 months ago•News18
Trade setup for Friday: Top 15 things to know before the opening bell
3 months ago•Moneycontrol
MRF unveils Steel Brace radial tyres for high-end bikes
4 months ago•The Hindu
MRF’s Q1 profit zooms to ₹581 cr, stocks hit a new high
4 months ago•The Hindu Businessline
MRF Q1 net up fivefold to ₹581 cr. on increase in sales volume
4 months ago•The Hindu
MRF planning to gain strong foothold in EV tyre market: KM Mammen
4 months ago•The Hindu Businessline
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 8.76%, vs industry avg of 10.14%
Decreasing Market Share
Over the last 5 years, market share decreased from 25.91% to 24.35%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of -7.44%, vs industry avg of 5.51%