MRF Ltd
MRFMRF Ltd
MRFPrice Chart
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
27.17 | 3.36 | 0.15% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
43.43 | 7.40 | 0.45% |
Forecast & Ratings
Detailed Forecast from 7 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 Ltd
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 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | 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 | 25,486.05 | 26,251.56 | ||||||||||
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 | 15,265.35 | 21,642.04 | ||||||||||
Power & Fuel Cost | 843.37 | 580.94 | 638.23 | 763.53 | 721.56 | 655.20 | 931.94 | 1,136.03 | 1,148.65 | |||||||||||
Employee Cost | 1,285.22 | 1,000.36 | 1,092.36 | 1,165.28 | 1,344.93 | 1,415.03 | 1,501.95 | 1,595.40 | 1,796.78 | |||||||||||
Selling & Administrative Expenses | 1,207.55 | 869.18 | 961.43 | 1,073.89 | 1,066.20 | 866.74 | 1,113.54 | 1,241.40 | 1,463.69 | |||||||||||
Operating & Other expenses | 1,125.18 | 593.39 | 943.56 | 425.14 | 1,125.02 | 1,308.66 | 273.61 | 852.64 | 1,233.16 | |||||||||||
EBITDA | 4,753.62 | 2,976.53 | 2,618.11 | 2,733.18 | 2,717.40 | 3,159.25 | 2,375.78 | 2,649.21 | 4,578.42 | 4,609.52 | ||||||||||
Depreciation/Amortization | 737.12 | 610.58 | 706.72 | 807.60 | 982.32 | 1,140.77 | 1,205.05 | 1,253.04 | 1,429.97 | 1,492.79 | ||||||||||
PBIT | 4,016.50 | 2,365.95 | 1,911.39 | 1,925.58 | 1,735.08 | 2,018.48 | 1,170.73 | 1,396.17 | 3,148.45 | 3,116.73 | ||||||||||
Interest & Other Items | 360.60 | 256.58 | 258.74 | 273.40 | 300.83 | 281.64 | 262.80 | 326.45 | 361.03 | 353.46 | ||||||||||
PBT | 3,655.90 | 2,109.37 | 1,652.65 | 1,652.18 | 1,434.25 | 1,736.84 | 907.93 | 1,069.72 | 2,787.42 | 2,763.27 | ||||||||||
Taxes & Other Items | 1,146.47 | 623.15 | 521.04 | 521.58 | 11.69 | 459.78 | 238.70 | 300.79 | 706.20 | 699.78 | ||||||||||
Net Income | 2,509.43 | 1,486.22 | 1,131.61 | 1,130.60 | 1,422.56 | 1,277.06 | 669.23 | 768.93 | 2,081.22 | 2,063.49 | ||||||||||
EPS | 5,916.87 | 3,504.29 | 2,668.17 | 2,665.79 | 3,354.19 | 3,011.12 | 1,577.95 | 1,813.03 | 4,907.21 | 4,865.41 | ||||||||||
DPS | 100.00 | 60.00 | 60.00 | 60.00 | 100.00 | 150.00 | 150.00 | 175.00 | 200.00 | 175.00 | ||||||||||
Payout ratio | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.05 | 0.10 | 0.10 | 0.04 | 0.04 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
Consumer DiscretionaryTires & Rubber
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
MRF Ltd | 26.94 | 3.36 | 0.15% |
Balkrishna Industries Ltd | 40.20 | 6.68 | 0.52% |
Apollo Tyres Ltd | 18.67 | 2.31 | 1.19% |
CEAT Ltd | 18.78 | 2.98 | 1.01% |
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
Sep 2023
Dec 2023
Mar 2024
Jun 2024
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 4.0813% | Percentage of the fund’s portfolio invested in the stock 3.15% | Change in the portfolio weight of the stock over the last 3 months 0.07% | 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 11/96 (+1) |
Kotak Emerging Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.9436% | Percentage of the fund’s portfolio invested in the stock 1.04% | 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 42/74 (-4) |
Kotak Flexicap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.8079% | Percentage of the fund’s portfolio invested in the stock 0.85% | Change in the portfolio weight of the stock over the last 3 months 0.01% | 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 43/61 (-3) |
Compare 3-month MF holding change on Screener
smallcases
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 ₹1.50 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 25, 2024
Dividend/Share
₹194.00
Ex DateEx Date
Jul 25, 2024
Cash Dividend
Ex DateEx DateFeb 21, 2024
Dividend/Share
₹3.00
Ex DateEx Date
Feb 21, 2024
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
However, revenue from operations grew by 11.74% to Rs 7,196.45 crore in Q1 FY25 from Rs 6,440.29 crore recorded in Q1 FY24. Profit before tax in Q1 FY25 was at Rs 762.91 crore, down 3.07% as against Rs 787.06 crore reported in the same period a year ago. Total expense jumped 13.79% year on year to Rs 6,517.58 crore during the quarter. Cost of materials consumed was at Rs 4370.55 crore (up 15.6% YoY) while EMPLOYEE benefits expense stood at Rs 457.58 crore (up 7.87% YoY) during the period under review. On the margins front, the company's operating margin reduced to 10.61% in Q1 FY25 as compared with 12.37% recorded in Q1 FY24. Net profit margin declined to 7.84% in Q1 FY25 from 9.04% registered in Q1 FY24. MRF is engaged in the manufacture of rubber products such as tyre, tubes, flaps, tread rubber and/or trading in rubber and rubber chemicals. Shares of MRF rallied 4.66% to Rs 1,40,935 on the BSE. Powered by Capital Market - Live
Net profit of MRF declined 3.01% to Rs 571.02 crore in the quarter ended June 2024 as against Rs 588.75 crore during the previous quarter ended June 2023. Sales rose 11.74% to Rs 7196.45 crore in the quarter ended June 2024 as against Rs 6440.29 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales7196.456440.29 12 OPM %16.1117.54 - PBDT1158.991120.32 3 PBT762.91787.06 -3 NP571.02588.75 -3 Powered by Capital Market - Live
MRF Ltd fell for a fifth straight session today. The stock is quoting at Rs 134763.8, down 0.67% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.97% on the day, quoting at 24224.25. The Sensex is at 79204.53, up 0.78%.MRF Ltd has gained around 4.65% in last one month.Meanwhile, Nifty Auto index of which MRF Ltd is a constituent, has eased around 1.67% in last one month and is currently quoting at 24520.05, up 1.3% on the day. The volume in the stock stood at 4446 shares today, compared to the daily average of 11860 shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 134920.8, down 1.01% on the day. MRF Ltd jumped 25.2% in last one year as compared to a 23.78% rally in NIFTY and a 61.89% spurt in the Nifty Auto index.The PE of the stock is 29.77 based on TTM earnings ending March 24.Powered by Capital Market - Live
MRF leases 3.85 lakh sq ft warehousing space in Pune’s Mawal
10th edition of Malabar River Festival officially flagged off
MRF will hold a meeting of the Board of Directors of the Company on 8 August 2024.Powered by Capital Market - Live
MRF Ltd rises for third consecutive session
MRF Ltd is up for a third straight session in a row. The stock is quoting at Rs 135470, up 2.63% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.56% on the day, quoting at 24341.6. The Sensex is at 79868.95, down 0.7%. MRF Ltd has risen around 6.71% in last one month. Meanwhile, Nifty Auto index of which MRF Ltd is a constituent, has risen around 0.03% in last one month and is currently quoting at 25321.7, down 0.31% on the day. The volume in the stock stood at 13190 shares today, compared to the daily average of 10443 shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 135251.3, up 2.51% on the day. MRF Ltd is up 32.13% in last one year as compared to a 23.68% spurt in NIFTY and a 60.12% spurt in the Nifty Auto index.The PE of the stock is 28.81 based on TTM earnings ending March 24.Powered by Capital Market - Live
MRF to trade ex-dividend tomorrow, last chance for Rs 194 dividend eligibility
PFC, MRF among 115 stocks to trade ex-dividend this week. Do you own any?
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 9.11%, vs industry avg of 8.67%
Increasing Market Share
Over the last 5 years, market share increased from 25.08% to 25.5%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 12.98%, vs industry avg of 18.19%