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MRF Ltd

(MRF)

₹121025.950.48%

as on 04:01PM, 07 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals
F&O

MRF Ltd Analyst Rating

based on 9 analysts

SELL

0.00%

Buy

22.22%

Hold

77.78%

Sell

Based on 9 analysts offering long term price targets for MRF Ltd. An average target of ₹112271.11

Source: S&P Global Market Intelligence

MRF Ltd Share analysis

MRF Ltd price forecast by 9 analysts

Downside of-7.68%

High

₹141052

Target

₹112271.11

Low

₹92500

MRF Ltd target price ₹112271.11, a slight downside of -7.68% compared to current price of ₹121025.95. According to 9 analysts rating.

Source: S&P Global Market Intelligence

MRF Ltd Performance

  • Day's Low

    Day's High

    ₹1,20,231.1
    ₹1,22,333.65
  • 52 Week's Low

    52 Week's High

    ₹1,07,008.05
    ₹1,51,445
1 Month Return-7.33 %
3 Month Return-9.65 %
1 Year Return+ 13.46 %
Previous Close₹1,21,613.55
Open₹1,21,900.00
Volume5,330.00
Upper Circuit-
Lower Circuit-
Market Cap₹51,564.15Cr

MRF Ltd Key Statistics

P/E Ratio25
PEG Ratio0.01
Market Cap₹51,564.15 Cr
P/B Ratio3.44
EPS4908.56
Dividend Yield0.15
SectorTyres
ROE13.19

MRF Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
SELL₹51,564.15 Cr18.29%0.58₹2,081 Cr₹25,169 Cr
HOLD₹55,475.27 Cr46.28%0.63₹1,471 Cr₹9,368 Cr

About MRF Ltd

MRF Limited, founded in 1946 by K. M. Mammen Mappillai, is a leading company in the automotive sector, specializing in the manufacture of tyres. Headquartered in Chennai, Tamil Nadu, MRF is registered under the Company Identification Number (CIN) L25111TN1960PLC004306. The company produces a wide range of products, including tyres, treads, tubes, and conveyor belts, serving both domestic and international markets.

MRF operates across multiple countries, exporting its products to more than 65 nations worldwide. The company also has several sub-brands, such as MRF Tyres, MRF Muscleflex, and MRF ZSLK, each catering to different segments of the automotive industry. A notable fact about MRF is that it is the largest tyre manufacturer in India and one of the top 20 globally. Another interesting fact is that MRF is well-known for its involvement in motorsport and has a significant presence in the racing tyre market. MRF operates independently with no parent company and focuses on organic growth without major mergers and acquisitions.

Share Price: ₹121025.95 per share as on 07 Nov, 2024 04:01 PM
Market Capitalisation: ₹51,564.15Cr as of today
Revenue: ₹7,196.45Cr as on June 2024 (Q2 24)
Net Profit: ₹571.02Cr as on June 2024 (Q2 24)
Listing date: 19 Jan, 1995
Chairperson Name: K M Mammen
OrganisationMRF Ltd
Headquarters
IndustryTyres
E-voting on sharesClick here to vote
MRF Tyres Share Price

Key events for MRF Ltd

  • MRF Shares Decline Amid Market Fluctuations - 04 Nov, 2024

    Shares of MRF Limited fell by 1.37% to ₹1,21,637.85, leading to a market cap decrease to approximately ₹51,588.35 crore, influenced by broader market fluctuations in the automotive sector.

  • MRF Stock Declines, Elcid Surpasses Price - 30 Oct, 2024

    On October 30, 2024, MRF shares closed at Rs 1,22,576.50, marking a decline. Elcid has now surpassed MRF as India's most expensive stock.

  • MRF Ltd Not the Highest Priced Stock Anymore - 29 Oct, 2024

    Despite being priced at Rs 1.2 lakh, MRF Ltd is no longer the highest priced share in the Indian stock market, surpassed by a microcap player.

  • MRF Launches New Tyredrome Center in Mumbai - 27 Oct, 2024

    MRF Ltd. has inaugurated its new Tyredrome center in Mumbai, providing specialized tyre and wheel care services with advanced equipment and trained technicians to improve vehicle safety and performance.

  • MRF Acquires Stake in Clean Max Omni - 23 Oct, 2024

    MRF Ltd has announced a 26% stake acquisition in Clean Max Omni for ₹7.26 crore. The company will also consider an interim dividend on November 8, 2024.

  • MRF Partners with Clean Max for Renewable Energy - 22 Oct, 2024

    MRF Limited has announced a strategic alliance with Clean Max Omni, entering a captive power purchase agreement and acquiring a 26% equity stake for ₹7.26 crore. This move supports MRF's commitment to renewable energy and sustainability.

  • MRF Achieves Record Growth in 2023-24 - 20 Oct, 2024

    MRF reported a consolidated total income exceeding ₹25,000 crore for the financial year 2023-24, reinforcing its position as a leading player in the Indian tyre industry and the 15th largest globally. The company aims to maintain its growth trajectory and market share.

  • Experience Commerce Renews MRF Tyres' Digital Mandate - 15 Oct, 2024

    Experience Commerce has renewed its digital, technology, and media mandate for MRF Tyres for the 12th consecutive year, continuing to manage various services including social media and media planning.

  • MRF Limited Faces Penalty Over E-waybill Issue - 12 Oct, 2024

    MRF Limited has been penalized ₹ 14.94 lakh by Uttar Pradesh authorities for the lapse in e-waybill validity during the movement of goods. The company is considering challenging the penalty.

Insights on MRF Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 6.24K Cr → 7.28K Cr (in ₹), with an average increase of 7.3% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 6.84% to 8.03% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 396.1 Cr → 571.02 Cr (in ₹), with an average increase of 30.6% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Bengal & Assam Company Ltd has given 375.2% return, outperforming this stock by 323.1%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Apollo Tyres Ltd has given 27.7% return, outperforming this stock by 14.2%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 42.41% to 41.88% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 19.08% to 18.68% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 27.78% to 27.77% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, MRF stock has moved down by -0.7%

MRF Ltd Financials

Value in ₹ crore
DetailsQ'2 23Q'3 23Q'4 23Q'1 24Q'2 24
Revenue₹6,440.29Cr (-)₹6,217.10Cr (↓3.47%)₹6,162.46Cr (↓0.88%)₹6,349.36Cr (↑3.03%)₹7,196.45Cr (↑13.34%)
Net Income₹588.75Cr (-)₹586.66Cr (↓0.35%)₹509.71Cr (↓13.12%)₹396.11Cr (↓22.29%)₹571.02Cr (↑44.16%)
Net Profit Margin9.14% (-)9.44% (↑3.28%)8.27% (↓12.39%)6.24% (↓24.55%)7.93% (↑27.08%)
Value in ₹ crore
Details2021202220232024
Total Assets₹22,340.85Cr (-)₹22,770.86Cr (↑1.92%)₹24,255.94Cr (↑6.52%)₹26,673.72Cr (↑9.97%)
Total Liabilities₹9,161.99Cr (-)₹8,993.59Cr (↓1.84%)₹9,747.07Cr (↑8.38%)₹10,233.07Cr (↑4.99%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹2,077.81Cr (-)₹4,687.27Cr (↑125.59%)-₹657.35Cr (↓114.02%)₹2,416.65Cr (↓467.64%)₹3,227.45Cr (↑33.55%)

Index Inclusions

Nifty Midcap 50

₹15,856.60

-0.64 (-101.8%)

BSE Auto

₹53,962.94

-1.4 (-764.42%)

S&P BSE Low Volatility

₹1,805.87

-0.66 (-11.95%)

Nifty Midcap 100

₹57,109.15

-0.43 (-246.65%)

S&P BSE 250 LargeMidCap

₹10,596.56

-1.04 (-111.78%)

S&P BSE MidCap Select

₹17,170.77

-0.6 (-103.49%)

Nifty LargeMidcap 250

₹15,927.85

-0.81 (-130.85%)

S&P BSE 150 MidCap

₹16,041.98

-0.65 (-105.51%)

Nifty MidSmallcap 400

₹20,076.45

-0.54 (-108.3%)

BSE Mid-Cap

₹46,628.53

-0.67 (-315.49%)

Nifty Midcap Sel

₹12,594.40

-0.48 (-60.55%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Nifty Auto

₹23,812.50

-1.35 (-325.4%)

Nifty 200

₹13,681.75

-1.03 (-142.35%)

S&P BSE 400 MidSmallCap

₹12,287.35

-0.69 (-84.89%)

Nifty Infra

₹8,767.70

-1.01 (-89.45%)

BSE 500

₹35,903.63

-1.01 (-367.57%)

Nifty Midcap 150

₹21,194.85

-0.49 (-103.65%)

BSE 200

₹11,168.64

-1.05 (-118.61%)

Nifty 500

₹22,806.25

-0.98 (-224.95%)

MRF Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
27.77%
-0.04
Foreign Institutions
18.68%
-2.10
Mutual Funds
8.03%
17.48
Retail Investors
41.88%
-1.26
Others
3.65%
-6.39

MRF Ltd Key Indicators

Details20202021202220232024
Return On Equity %12.319.923.944.8613.19
Details20202021202220232024
Return On Assets %7.45.722.943.177.8
Details20202021202220232024
Book Value Per Share (₹)28808.2831636.0133093.7534687.8839393.84
Details20202021202220232024
Earning Per Share (₹)3355.123011.961578.41813.544908.56

MRF Ltd Valuation

MRF Ltd in the last 5 years

  • Overview

  • Trends

Lowest (16.42x)

April 3, 2020

Today (25.00x)

November 6, 2024

Industry (27.70x)

November 6, 2024

Highest (70.85x)

November 7, 2022

LowHigh

MRF Ltd Earnings and Dividends

  • MRF Ltd Earnings Results

    MRF Ltd’s net profit fell -3.01% since last year same period to ₹571.02Cr in the Q1 2024-2025. On a quarterly growth basis, MRF Ltd has generated 44.16% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • MRF Ltd Dividends May,2024

    In the quarter ending March 2024, MRF Ltd has declared dividend of ₹194 - translating a dividend yield of 0.30%.

    Read More about Dividends

MRF Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

MRF Ltd is currently in a Bearish trading position according to technical analysis indicators.

FAQs on MRF Ltd

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MRF Ltd (MRF) share price today is ₹121025.95

MRF Ltd is listed on NSE

MRF Ltd is listed on BSE

  • Today’s highest price of MRF Ltd is ₹122333.65.
  • Today’s lowest price of MRF Ltd is ₹120231.1.

PE Ratio of MRF Ltd is 25

PE ratio = MRF Ltd Market price per share / MRF Ltd Earnings per share

Today’s traded volume of MRF Ltd(MRF) is 5,330.00.

Today’s market capitalisation of MRF Ltd(MRF) is ₹51564.15Cr.

MRF Ltd(MRFPrice
52 Week High
₹151445
52 Week Low
₹107008.05

MRF Ltd(MRF) share price is ₹121025.95. It is down -20.09% from its 52 Week High price of ₹151445

MRF Ltd(MRF) share price is ₹121025.95. It is up 13.10% from its 52 Week Low price of ₹107008.05

MRF Ltd(MRFReturns
1 Day Returns
-587.6%
1 Month Returns
-7.33%
3 Month Returns
-9.65%
1 Year Returns
13.46%