MRF

₹112800 -4294.7 | 3.7%

WEBSITE BSE:500290 NSE : MRF LTD. 13 Jan, 16:01

Market Cap ₹47840 Cr.

Stock P/E 23.0

P/B 2.8

Current Price ₹112800

Book Value ₹ 40980.5

Face Value 10

52W High ₹151283.4

Dividend Yield 0.18%

52W Low ₹ 112752.7

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

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Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

MRF Quarterly Results

#(Fig in Cr.)	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018
Net Sales	3713	3972	3591	3799	3836
Other Income	65	89	69	45	109
Total Income	3778	4061	3660	3844	3945
Total Expenditure	3190	3697	2985	3096	3179
Operating Profit	588	364	675	748	765
Interest	62	63	60	58	65
Depreciation	162	167	174	178	187
Exceptional Income / Expenses	0	0	0	0	0
Profit Before Tax	364	135	441	513	514
Provision for Tax	78	28	141	172	169
Profit After Tax	287	107	300	341	345
Adjustments	-287	-107	-300	-341	-345
Profit After Adjustments	0	0	0	0	0
Adjusted Earnings Per Share	676.3	251.3	707.4	803.1	814.4

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	12131	13198	19887	13252	14776	15837	15991	15921	18990	22578	24674	15198
Other Income	29	65	321	329	329	417	331	207	315	248	312	312
Total Income	12160	13263	20208	13581	15104	16254	16322	16129	19304	22826	24986	15510
Total Expenditure	10365	11270	15516	10655	12548	13587	13661	13021	16969	20235	20500	12957
Operating Profit	1796	1994	4693	2925	2557	2668	2661	3108	2335	2592	4486	2552
Interest	196	232	352	250	250	253	281	271	255	304	323	246
Depreciation	373	423	735	609	705	806	981	1137	1201	1249	1425	706
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	80	0	0
Profit Before Tax	1227	1339	3606	2066	1602	1609	1399	1700	879	1119	2739	1603
Provision for Tax	425	441	1132	615	510	512	4	451	232	303	698	510
Profit After Tax	802	898	2474	1451	1092	1097	1395	1249	647	816	2041	1093
Adjustments	0	0	0	0	0	0	0	0	0	0	0	-1093
Profit After Adjustments	802	898	2474	1451	1092	1097	1395	1249	647	816	2041	0
Adjusted Earnings Per Share	1892	2117.7	5834.7	3422.4	2576.1	2587	3290	2945.9	1526.7	1925.1	4813.6	2576.2

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	150%	18%	13%	10%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-17%	14%	11%	11%
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	3645	4518	7161	8544	9604	10653	12004	13179	13777	14509	16441
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	1341	1472	513	666	830	1083	1195	1087	1252	1340	1709
Total Current Liabilities	2319	2609	4009	4476	4548	5436	5176	7182	6847	7351	7541
Total Liabilities	8257	9797	13170	14925	16302	18228	19154	22260	22693	24024	26415
Fixed Assets	2970	3429	4594	5488	6075	6768	8849	9391	9466	10050	11977
Other Non-Current Assets	617	1045	2351	2250	2530	3140	2347	2721	3283	5015	4236
Total Current Assets	4671	5323	6225	7187	7697	8320	7958	10147	9944	8959	10202
Total Assets	8257	9797	13170	14925	16302	18228	19154	22260	22693	24024	26415

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	60	286	255	77	178	99	58	1104	103	113	146
Cash Flow from Operating Activities	1476	1687	3407	1790	2529	1380	2078	4687	-657	2417	3227
Cash Flow from Investing Activities	-937	-1785	-3406	-1394	-1970	-1310	-168	-5063	176	-1928	-2316
Cash Flow from Financing Activities	-313	67	-179	-295	-639	-112	-864	-625	491	-457	-823
Net Cash Inflow / Outflow	226	-31	-178	101	-80	-41	1045	-1001	9	32	88
Closing Cash & Cash Equivalent	286	255	77	178	99	58	1104	103	113	146	236

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)	1892	2117.67	5834.67	3422.36	2576.13	2586.96	3290.05	2945.9	1526.75	1925.07	4813.56
CEPS(Rs)	2771.56	3115.52	7567.59	4859.03	4239.67	4488.54	5602.83	5627.31	4360.26	4869.88	8174.41
DPS(Rs)	30	50	100	60	60	60	100	150	150	175	200
Book NAV/Share(Rs)	8597.03	10654.81	16889.65	20151.93	22651.42	25125.71	28312.15	31082.22	32493.56	34219.03	38775.12
Core EBITDA Margin(%)	13.13	13.16	19.72	17.61	14.68	14.21	14.57	17.8	10.42	10.18	16.59
EBIT Margin(%)	10.58	10.72	17.86	15.7	12.2	11.76	10.51	12.09	5.85	6.18	12.17
Pre Tax Margin(%)	9.12	9.14	16.27	14.01	10.55	10.16	8.75	10.43	4.53	4.86	10.89
PAT Margin (%)	5.96	6.13	11.16	9.84	7.2	6.93	8.72	7.66	3.34	3.55	8.11
Cash Profit Margin (%)	8.74	9.02	14.48	13.97	11.84	12.02	14.86	14.64	9.54	8.97	13.78
ROA(%)	10.37	9.95	21.54	10.33	7	6.35	7.46	6.03	2.88	3.49	8.09
ROE(%)	24.67	22	42.37	18.48	12.04	10.83	12.31	9.92	4.8	5.77	13.19
ROCE(%)	29.01	26.93	50.58	23.34	16.89	15.63	12.98	14.25	7.54	8.83	17.72
Receivable days	40.84	40.67	29.15	46.92	49.24	51.83	52.71	48.93	41.37	37.46	38.33
Inventory Days	46.68	44.79	30.3	52.87	54.88	59.04	66.23	64.2	65.34	64.24	60.96
Payable days	30.4	32.69	27.13	46.41	45.49	48.46	52.85	60.02	46.47	41.32	49.62
PER(x)	7.05	15.41	6.58	17.74	28.07	22.44	17.7	27.91	42.56	43.66	27.69
Price/Book(x)	1.55	3.06	2.27	3.01	3.19	2.31	2.06	2.65	2	2.46	3.44
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	1.14	0.92	2.08	2.18	1.67	1.56	2.25	1.55	1.66	2.35
EV/Core EBITDA(x)	3.86	7.54	3.89	9.42	12.6	9.9	9.38	11.54	12.6	14.45	12.91
Net Sales Growth(%)	2.2	8.8	50.68	-33.36	11.5	7.18	0.97	-0.44	19.27	18.9	9.28
EBIT Growth(%)	43.44	10.38	152.02	-41.48	-20.06	0.55	-9.74	17.3	-42.48	25.54	115.1
PAT Growth(%)	40.16	11.93	175.52	-41.34	-24.73	0.42	27.18	-10.46	-48.17	26.09	150.05
EPS Growth(%)	40.16	11.93	175.52	-41.34	-24.73	0.42	27.18	-10.46	-48.17	26.09	150.05
Debt/Equity(x)	0.44	0.42	0.29	0.24	0.18	0.18	0.11	0.09	0.14	0.14	0.1
Current Ratio(x)	2.01	2.04	1.55	1.61	1.69	1.53	1.54	1.41	1.45	1.22	1.35
Quick Ratio(x)	1.24	1.35	1.08	1.07	1.21	0.99	0.99	1.01	0.86	0.67	0.77
Interest Cover(x)	7.26	6.78	11.25	9.27	7.42	7.37	5.98	7.28	4.45	4.68	9.49
Total Debt/Mcap(x)	0.28	0.14	0.13	0.08	0.06	0.08	0.06	0.03	0.07	0.06	0.03

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 41.32 to 49.62days.

* 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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