MRF

₹131245.3 872.9 | 0.7%

WEBSITE BSE:500290 NSE : MRF LTD. 26 Dec, 16:01

Market Cap ₹55663 Cr.

Stock P/E 26.7

P/B 3.2

Current Price ₹131245.3

Book Value ₹ 41658.6

Face Value 10

52W High ₹151283.4

Dividend Yield 0.15%

52W Low ₹ 116414.9

Edit Ratio

MRF Research see more...

Overview Inc. Year: 1960Industry: Tyres & Allied

MRF Ltd is a holding enterprise. The Company is engaged in the manufacturing and sale of tire, tread rubber, rubber chemicals, tubes, and flaps. It gives numerous classes of merchandise, which include truck tires, such as SUPER MILLER, SAND GRIP, STEEL MUSCLE, SUPER LUG, and M-77; tractor tires, which include TRACTOR TRAILOR-707, SHAKTI SUPER, KRISHI, FARM MUSCLE, SHAKTI LIFE, and PAHALWAN; light commercial automobile tires, such as SUPER LUG 505, SUPER MILER 99 and SUPER LUG FIFTY; small commercial car tires, inclusive of SAVARI, SAVARI LUG and ZIGMA CTP; pick up vehicle tire, such as SM 12; two/three wheeler tires, inclusive of AUTOMILER 82, SAVARI TREK, TRIPLE PLUS, REVZ FH, MOTO D, ZAPPER FM, RIB PLUS and ZAPPER FN, and off the road tires, such as MUSCLE-LIFT, MUSCLEROK-EARTH MOVERS, MUSCLEROK-GRADERS, MUSCLEROK-SMOOTH, MUSCLEROK-ROADTRACK and SANDGRIP. It also gives paints and coats, and various services, which includes TireTok, Tyredrome, MRF FASST and the MRF Institute of Driver Development (MIDD).

MRF Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

MRF Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Net Sales	5696	5826	5645	5842	6440	6217	6162	6349	7196	6881
Other Income	34	77	71	70	75	71	78	94	84	113
Total Income	5730	5903	5716	5912	6515	6288	6240	6443	7280	6994
Total Expenditure	5203	5346	5083	4988	5310	5060	5108	5437	6037	5870
Operating Profit	528	558	633	923	1205	1228	1132	1006	1244	1125
Interest	66	75	86	92	84	86	90	93	85	84
Depreciation	298	309	316	330	333	351	360	385	396	410
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	164	174	231	501	787	791	682	527	763	631
Provision for Tax	40	44	56	161	198	204	173	131	192	160
Profit After Tax	124	130	175	341	589	587	510	396	571	471
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	124	130	175	341	589	587	510	396	571	471
Adjusted Earnings Per Share	291.5	306.3	412.3	803.4	1388.6	1383.6	1202.1	934.2	1346.7	1110.1

MRF Profit & Loss

#(Fig in Cr.)	Sep 2013	Sep 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	12248	13330	20180	13412	14954	16062	16239	16163	19317	23009	25169	26588
Other Income	25	66	324	331	331	422	335	210	317	253	317	369
Total Income	12273	13396	20504	13743	15285	16484	16575	16373	19634	23261	25486	26957
Total Expenditure	10468	11388	15750	10767	12667	13751	13857	13214	17258	20612	20908	22452
Operating Profit	1805	2009	4754	2977	2618	2733	2717	3159	2376	2649	4578	4507
Interest	196	232	361	257	259	273	301	282	263	326	361	352
Depreciation	374	424	737	611	707	808	982	1141	1205	1253	1430	1551
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	1235	1353	3656	2109	1653	1652	1434	1737	908	1070	2787	2603
Provision for Tax	427	445	1146	623	521	522	12	460	239	301	706	656
Profit After Tax	809	908	2509	1486	1132	1131	1423	1277	669	769	2081	1948
Adjustments	-0	-0	-0	0	0	0	-0	-0	-0	-0	-0	0
Profit After Adjustments	809	908	2509	1486	1132	1131	1423	1277	669	769	2081	1948
Adjusted Earnings Per Share	1907.1	2142.3	5918.4	3505.2	2668.9	2666.5	3355.1	3011.9	1578.4	1813.5	4908.5	4593.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	9%	16%	9%	7%
Operating Profit CAGR	73%	13%	11%	10%
PAT CAGR	171%	18%	13%	10%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	9%	23%	16%	14%
ROE Average	13%	8%	9%	16%
ROCE Average	18%	11%	12%	20%

MRF Balance Sheet

#(Fig in Cr.)	Sep 2013	Sep 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	3655	4540	7224	8641	9738	10837	12215	13414	14032	14708	16703
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	952	1199	1486	1238	1319	1055	779	812	817	824	724
Other Non-Current Liabilities	1340	1471	514	667	831	1085	1196	1089	1254	1343	1712
Total Current Liabilities	2330	2623	4029	4502	4590	5464	5252	7268	6957	7495	7710
Total Liabilities	8278	9833	13254	15048	16478	18441	19442	22582	23060	24369	26849
Fixed Assets	2974	3436	4608	5502	6092	6786	8870	9441	9522	10118	12046
Other Non-Current Assets	594	1018	2327	2232	2512	3191	2422	2778	3274	5010	4254
Total Current Assets	4710	5379	6319	7314	7875	8464	8151	10363	10264	9241	10550
Total Assets	8278	9833	13254	15048	16478	18441	19442	22582	23060	24369	26849

MRF Cash Flow

#(Fig in Cr.)	Sep 2013	Sep 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	62	290	273	121	247	193	102	1179	240	254	249
Cash Flow from Operating Activities	1499	1699	3043	1956	2413	1253	2271	4325	-578	2755	3301
Cash Flow from Investing Activities	-959	-1791	-3408	-1393	-2014	-1386	-164	-5086	168	-1923	-2379
Cash Flow from Financing Activities	-313	67	212	-438	-453	42	-1032	-250	424	-840	-868
Net Cash Inflow / Outflow	228	-24	-152	125	-53	-91	1075	-1011	13	-8	53
Closing Cash & Cash Equivalent	290	266	121	247	193	102	1179	167	254	249	303

MRF Ratios

#	Sep 2013	Sep 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	1907.08	2142.26	5918.44	3505.24	2668.89	2666.53	3355.09	3011.93	1578.37	1813.51	4908.54
CEPS(Rs)	2788.47	3142	7656.96	4945.28	4335.68	4571.25	5671.91	5702.45	4420.5	4768.82	8281.13
DPS(Rs)	30	50	100	60	60	60	100	150	150	175	200
Book NAV/Share(Rs)	8621.32	10706.49	17038.54	20379.15	22967.43	25559.79	28808.28	31636.01	33093.75	34687.88	39393.84
Core EBITDA Margin(%)	13.11	13.13	19.7	17.72	14.89	14.39	14.67	17.82	10.43	10.21	16.59
EBIT Margin(%)	10.54	10.71	17.86	15.85	12.44	11.99	10.68	12.2	5.93	5.95	12.26
Pre Tax Margin(%)	9.1	9.14	16.25	14.13	10.76	10.29	8.83	10.5	4.6	4.56	10.85
PAT Margin (%)	5.95	6.14	11.16	9.96	7.36	7.04	8.76	7.72	3.39	3.28	8.1
Cash Profit Margin (%)	8.7	9	14.43	14.04	11.96	12.07	14.81	14.61	9.5	8.61	13.67
ROA(%)	10.43	10.03	21.74	10.5	7.18	6.48	7.51	6.08	2.93	3.24	8.13
ROE(%)	24.82	22.17	42.66	18.74	12.31	10.99	12.34	9.97	4.88	5.35	13.25
ROCE(%)	29.14	27.1	49.8	22.9	16.71	15.26	12.66	13.7	7.26	8.22	17.54
Receivable days	40.48	40.38	28.84	46.55	48.92	51.5	52.62	49.03	41.43	37.6	38.48
Inventory Days	46.78	44.93	30.23	52.87	54.91	58.97	66.29	64.45	65.38	64.31	61.19
Payable days	30.43	32.78	27.28	47.19	46.56	50.05	54.43	84.84	65.23	43.17	51.83
PER(x)	7	15.23	6.48	17.32	27.09	21.77	17.36	27.3	41.16	46.34	27.16
Price/Book(x)	1.55	3.05	2.25	2.98	3.15	2.27	2.02	2.6	1.96	2.42	3.38
Dividend Yield(%)	0.22	0.15	0.26	0.1	0.08	0.1	0.17	0.18	0.23	0.21	0.15
EV/Net Sales(x)	0.57	1.13	0.92	2.07	2.18	1.68	1.56	2.27	1.56	1.64	2.31
EV/Core EBITDA(x)	3.83	7.47	3.91	9.32	12.45	9.89	9.34	11.61	12.67	14.27	12.72
Net Sales Growth(%)	2.35	8.84	51.39	-33.54	11.5	7.41	1.1	-0.47	19.51	19.11	9.39
EBIT Growth(%)	42.85	10.71	153.44	-41.09	-19.21	0.74	-9.89	16.33	-42	19.26	125.51
PAT Growth(%)	39.56	12.33	176.27	-40.77	-23.86	-0.09	25.82	-10.23	-47.6	14.9	170.66
EPS Growth(%)	39.56	12.33	176.27	-40.77	-23.86	-0.09	25.82	-10.23	-47.6	14.9	170.66
Debt/Equity(x)	0.44	0.42	0.34	0.27	0.22	0.23	0.15	0.15	0.2	0.16	0.12
Current Ratio(x)	2.02	2.05	1.57	1.62	1.72	1.55	1.55	1.43	1.48	1.23	1.37
Quick Ratio(x)	1.24	1.35	1.1	1.09	1.24	1	1	1.02	0.88	0.68	0.79
Interest Cover(x)	7.3	6.84	11.14	9.22	7.39	7.04	5.77	7.17	4.45	4.28	8.72
Total Debt/Mcap(x)	0.28	0.14	0.15	0.09	0.07	0.1	0.08	0.06	0.1	0.07	0.04

MRF Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	27.94	27.87	27.87	27.84	27.77	27.75	27.75	27.78	27.78	27.77
FII	16.05	16.46	18.22	18.05	18.77	19.59	19.41	19.74	19.08	18.68
DII	12.46	12.49	11.37	11.66	11.72	11.19	11.46	10.57	10.74	11.68
Public	43.55	43.17	42.53	42.45	41.74	41.48	41.38	41.91	42.41	41.88
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12
FII	0.07	0.07	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08
DII	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.04	0.05	0.05
Public	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.18
Others	0	0	0	0	0	0	0	0	0	0
Total	0.42	0.42	0.42	0.42	0.42	0.42	0.42	0.42	0.42	0.42

Pros

Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 27.77%.
Company has a low return on equity of 8% over the last 3 years.
Debtor days have increased from 43.17 to 51.83days.
Stock is trading at 3.2 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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MRF

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MRF Research see more...

Overview Inc. Year: 1960Industry: Tyres & Allied

MRF Share Price

Alert Data

Quarterly Price

Peer Comparison

MRF Quarterly Results

MRF Profit & Loss

Growth Rates

MRF Balance Sheet

MRF Cash Flow

MRF Ratios

MRF Shareholding Pattern

MRF News

IPO

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