Market Cap ₹56076 Cr.
Stock P/E 26.9
P/B 3.2
Current Price ₹132220.3
Book Value ₹ 41658.6
Face Value 10
52W High ₹151283.4
Dividend Yield 0.15%
52W Low ₹ 113844
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).
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
#(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 |
#(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 |
# | 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 | 11% | 21% | 16% | 14% |
ROE Average | 13% | 8% | 9% | 16% |
ROCE Average | 18% | 11% | 12% | 20% |
#(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 |
#(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 |
# | 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 |
# | 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
Cons
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Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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