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MRF Ltd Share Price
Tyres - Large
As on 22 January 2025 at 15:04 IST
About MRF Ltd
MRF Ltd, also known as Madras Rubber Factory, is a prominent Indian multinational company. They specialise in manufacturing and distributing tyres and tubes for various vehicles. Operating within the automotive sector, MRF Ltd is a central player in the tyre manufacturing industry. Established in the year 1946, the company has been in the business for many years, showcasing a rich history of innovation and growth. MRF Ltd’s headquarters is in Chennai, Tamil Nadu. The company’s main products include a variety of tyres for different vehicles, treads, tubes, conveyor belts, paints, and toys. Read More...
Over 1 Month
-14%
Over 6 Months
-14.41%
Over 1 Year
-20.50%
Over 3 Years
54.20%
MRF Ltd Summary
Close
₹
1,11,506.80
Open
₹
1,13,000
High
₹
1,13,003.40
Low
₹
1,10,525.60
Volume
4,729
Net Turnover (in ₹)
₹
79,17,77,636.75
52Wk High
₹
1,51,445
52Wk Low
₹
1,11,912.05
52Wk High / Low
1,10,525.60
1,51,445
MRF Ltd Fundamentals
Key Financial Data
Market Cap (in ₹Cr)
₹
47,542.05
EPS (TTM)
4,493.01
Book Value (BV)
40,980.46
Div. Yield
0.18
%
P/E (TTM)
24.95
Price/Book Value
2.74
Delivery %
33.53
%
Face Value
10
Key Ratios
PE Ratio
27.69
PB Ratio
3.44
EV to Sales
2.38
PEG Ratio
0.18
ROA
10.51
ROE
13.19
Debt-Equity
0.16
Net Profit Margin
8.27
Operating Profit Margin
18.18
MRF Ltd Financials
Profit and Loss
| Particulars (in ₹ Cr.) | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Total Revenue | 25,486.05 | 23,261.17 | 19,633.71 | 16,373.13 | 16,574.74 |
| Total Expenses | 22,698.63 | 22,191.45 | 18,725.78 | 14,636.29 | 15,140.49 |
| Profit Before Tax | 2,787.42 | 1,069.72 | 907.93 | 1,736.84 | 1,434.25 |
| Profit After Tax | 2,081.23 | 768.94 | 669.24 | 1,277.07 | 1,422.57 |
| Operating Profit after Depreciation | 3,140.43 | 1,388.73 | 1,161.73 | 2,011.51 | 1,727.07 |
Balance Sheet
| Particulars (in ₹ Cr.) | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Fixed Assets | 12,046.22 | 10,117.97 | 9,521.82 | 9,440.75 | 8,869.76 |
| Total Non Current Assets | 16,299.88 | 15,128.24 | 12,796.09 | 12,219.06 | 11,291.30 |
| Total Current Assets | 10,549.55 | 9,241.17 | 10,263.65 | 10,362.80 | 8,151.04 |
| TOTAL ASSETS | 26,849.43 | 24,369.41 | 23,059.74 | 22,581.86 | 19,442.34 |
| Total Shareholder's Fund | 16,702.99 | 14,707.66 | 14,031.75 | 13,413.67 | 12,214.71 |
Cash Flow
| Particulars (in ₹ Cr.) | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Net Cash from Operating Activities | 3,300.50 | 2,755.47 | -578.01 | 4,324.58 | 2,271.23 |
| Net Cash used in Investing Activities | -2,377.72 | -1,921.81 | 168.73 | -5,086.57 | -162.31 |
| Net Cash used in Financing Activities | -868.22 | -839.54 | 423.74 | -249.68 | -1,032.35 |
| Particulars (in ₹ Cr.) | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Total Revenue | 24,986.14 | 22,826.44 | 19,304.43 | 16,128.58 | 16,321.64 |
| Total Expenses | 22,247.18 | 21,787.57 | 18,425.27 | 14,428.31 | 14,922.32 |
| Profit Before Tax | 2,738.96 | 1,119.20 | 879.16 | 1,700.27 | 1,399.32 |
| Profit After Tax | 2,040.95 | 816.23 | 647.34 | 1,249.06 | 1,394.98 |
| Operating Profit after Depreciation | 3,055.30 | 1,336.93 | 1,126.17 | 1,964.99 | 1,673.58 |
Balance Sheet
| Particulars (in ₹ Cr.) | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Fixed Assets | 11,977.22 | 10,050.04 | 9,466.27 | 9,391.14 | 8,849.18 |
| Total Non Current Assets | 16,212.96 | 15,065.10 | 12,749.19 | 12,107.76 | 11,196.30 |
| Total Current Assets | 10,201.83 | 8,958.65 | 9,944.21 | 10,151.82 | 7,957.81 |
| TOTAL ASSETS | 26,414.79 | 24,023.75 | 22,693.40 | 22,259.58 | 19,154.11 |
| Total Shareholder's Fund | 16,440.65 | 14,508.87 | 13,777.27 | 13,178.86 | 12,004.35 |
Cash Flow
| Particulars (in ₹ Cr.) | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Net Cash from Operating Activities | 3,227.45 | 2,416.65 | -657.35 | 4,687.27 | 2,079.04 |
| Net Cash used in Investing Activities | -2,314.76 | -1,926.71 | 176.82 | -5,063.42 | -168.31 |
| Net Cash used in Financing Activities | -823.45 | -456.74 | 490.84 | -625.28 | -864.02 |
| Particulars (in ₹ Cr.) | 2024-09 | 2024-06 | 2024-03 | 2023-12 | 2023-09 |
|---|---|---|---|---|---|
| Total Revenue | 6,881.09 | 7,196.45 | 6,349.36 | 6,162.46 | 6,217.10 |
| Total Expenses | 5,869.61 | 6,036.83 | 5,437.33 | 5,107.69 | 5,060.19 |
| Profit Before Tax | 631.18 | 762.91 | 527.34 | 682.41 | 790.61 |
| Profit After Tax | 470.70 | 571.02 | 396.11 | 509.71 | 586.66 |
| Operating Profit after Depreciation | 1,124.69 | 1,243.66 | 1,005.84 | 1,132.39 | 1,227.63 |
| Particulars (in ₹ Cr.) | 2024-09 | 2024-06 | 2024-03 | 2023-12 | 2023-09 |
|---|---|---|---|---|---|
| Total Revenue | 6,760.37 | 7,077.84 | 6,215.05 | 6,047.79 | 6,087.56 |
| Total Expenses | 5,786.92 | 5,940.02 | 5,329.50 | 5,008.39 | 4,958.91 |
| Profit Before Tax | 610.88 | 750.88 | 507.91 | 679.24 | 773.46 |
| Profit After Tax | 455.43 | 562.55 | 379.55 | 508.02 | 571.93 |
| Operating Profit after Depreciation | 1,085.51 | 1,220.56 | 977.90 | 1,116 | 1,198.28 |
MRF Ltd Technicals
Support and Resistance
S3
S2
S1
Pivot
R1
R2
R3
S1
1,10,907.93
S2
1,09,718.62
S3
1,07,525.18
Pivot
1,13,101.37
R1
1,14,290.68
R2
1,16,484.12
R3
1,17,673.43
Moving Average
20 SMA
1,21,775.93
50 SMA
1,24,749.86
100 SMA
1,28,164.38
200 SMA
1,29,668.53
MRF Ltd Corporate Actions
MRF Ltd
₹3/Share
Announcement Date
19 Nov 2024
Record Date
19 Nov 2024
Div Yield
30%
MRF Ltd Peer Comparison
| Company | Price | Market Cap (in ₹ Cr) |
|---|---|---|
| MRF Ltd | ₹1,12,110.50 | ₹47,547.67 |
| Balkrishna Industries Ltd | ₹2,677.55 | ₹51,761.64 |
| Apollo Tyres Ltd | ₹447.70 | ₹28,433.47 |
| CEAT Ltd | ₹2,960.15 | ₹11,973.83 |
| JK Tyre & Industries Ltd | ₹357.90 | ₹9,807.18 |
| TVS Srichakra Ltd | ₹3,203.65 | ₹2,454 |
MRF Ltd News
MRF Ltd drops for fifth straight session
MRF Ltd is quoting at Rs 127650, down 1.21% on the day as on 13:19 IST on the NSE. The stock tumbled 2.93% in last one year as compared to a 11.28% rally in NIFTY and a 31.47% spurt in the Nifty Auto index.
03 Jan 2025, 01:35 pm
MRF Ltd drops for fifth straight session
MRF Ltd is quoting at Rs 128574.3, down 0.98% on the day as on 13:19 IST on the NSE. The stock jumped 9.35% in last one year as compared to a 11.64% rally in NIFTY and a 30.09% spurt in the Nifty Auto index.
20 Dec 2024, 01:35 pm
MRF Ltd spurts 2.55%, gains for fifth straight session
MRF Ltd is quoting at Rs 130081, up 2.55% on the day as on 12:44 IST on the NSE. The stock is up 14.02% in last one year as compared to a 17.47% jump in NIFTY and a 32.69% jump in the Nifty Auto.
05 Dec 2024, 01:00 pm
MRF Ltd soars 0.17%, gains for fifth straight session
MRF Ltd is quoting at Rs 123723.6, up 0.17% on the day as on 12:44 IST on the NSE. The stock is up 11.08% in last one year as compared to a 19.56% jump in NIFTY and a 36.84% jump in the Nifty Auto.
22 Nov 2024, 01:00 pm
MRF Ltd rises for third straight session
MRF Ltd is quoting at Rs 122922.9, up 1.71% on the day as on 12:49 IST on the NSE. The stock is up 10.35% in last one year as compared to a 20.57% jump in NIFTY and a 40.86% jump in the Nifty Auto index.
19 Nov 2024, 01:05 pm
MRF Ltd Stock Analysis
- Annual revenue for MRF Ltd increased by 9.46% to ₹24,986.14 crore in FY 2024 from ₹22,826.44 crore in FY 2023.
- Annual Net Profit for MRF Ltd increased by 150.05% to ₹2,040.95 crore in FY 2024 from ₹816.23 crore in FY 2023.
- Promoter Shareholding in MRF Ltd decreased by 0.04% in the most recent quarter, from 27.78% in June 2024 to 27.77% in September 2024.
- MRF Ltd delivered a 1-year return of -20.50% compared to the Nifty 50, which provided a return of 8.41% as of the last trading session.
- MRF Ltd share price moved down by 0.53% from its previous close of INR ₹1,12,097.25. The latest MRF Ltd share price is INR ₹1,11,506.80.
- MRF Ltd share price today has been at a low of 1,10,525.60 and a high of 1,13,003.40. Over the past 52 weeks, the MRF Ltd share price has seen a low of 1,10,525.60 and a high of 1,51,445.
About MRF Ltd
MRF Ltd, also known as Madras Rubber Factory, is a prominent Indian multinational company. They specialise in manufacturing and distributing tyres and tubes for various vehicles. These vehicles include automobiles, aircraft, motorcycles, and cycles. The company also produces conveyor belts, paints, coats, and hoses.
Operating within the automotive sector, MRF Ltd is a central player in the tyre manufacturing industry. Established in 1946, it has been in the business for many years, showcasing a rich history of innovation and growth. MRF Ltd’s headquarters and their registered office are in Chennai, Tamil Nadu.
MRF’s main products include a variety of tyres for different vehicles, treads, tubes, conveyor belts, paints, and toys. Some of their popular tyre brands are MRF ZVTS, MRF Wanderers, and MRF Meteor.
The promoters of MRF Ltd include the Mammen family, who have been instrumental in the company’s growth and success over the decades. It was initially established as a toy balloon manufacturing unit by K. M. Mammen Mappillai in Tiruvottiyur, Madras (now Chennai). Over the decades, MRF has grown to become the largest manufacturer of tyres in India.
They also hold a significant market share in the industry. The company’s stock is highly regarded and is often considered a top performer in its sector. MRF’s market capitalisation and extensive market presence further solidify its position as a leader in the tyre manufacturing industry.
The company is led and managed by K M Mammen as chairman and Arun Mammen as vice chairman. Many managerial promoters have contributed to the company’s success. some of them are–
The promoters hold 27.78% of the company’s shares. However, The general public and other investors hold 42.4% of the shares.
MRF places strong attention on quality assurance. The company has stringent quality control processes in place at every stage of production. These stages can be from raw material procurement to the final product. This commitment to quality ensures that MRF tyres are reliable and meet the highest standards. It can be helpful to build customer trust and loyalty.
MRF offers a wide range of products catering to different market segments. Whether it is tyres for passenger cars, two-wheeler trucks, or even aircraft, it has a product that meets the needs of various customers.
MRF has built a strong brand presence over the years through effective marketing and sponsorships. The company sponsors various sports events, including cricket and motorsports. This helps to enhance brand visibility and recall. Millions recognise the iconic MRF logo, and this strong brand presence gives MRF an edge over its competitors.
Another factor that sets MRF apart is its extensive distribution network. The company has a vast network of dealers and distributors across India and in several international markets. This ensures that MRF products are easily accessible to customers, no matter where they are located. A robust distribution network also helps in timely delivery and better customer service.
MRF’s customer-centric approach is another reason for its success. The company actively seeks feedback from customers and uses it to improve its products and services. MRF also offers excellent after-sales service, which enhances customer satisfaction and loyalty. By putting the customer at the centre of its operations, MRF ensures that it meets and exceeds customer expectations.
MRF has formed strategic partnerships with various automobile manufacturers. This helps secure OEM (Original Equipment Manufacturer) contracts for the company and supplier. These partnerships bring in a steady income and boost the company’s reputation as a trusted supplier of high-quality tyres.
MRF’s strong financial position allows it to invest in new technologies and expand its production capacity. The company’s smart financial management keeps it profitable and helps it compete with opponents.
MRF invests in the training and development of its employees. It believes a skilled and motivated workforce is crucial for maintaining its competitive edge. Regular training programs ensure that employees are up to date with the latest industry trends. This helps to improve productivity and innovation.
In recent years, MRF has also focused on sustainability initiatives. The company is committed to reducing its environmental footprint. This process involves various measures such as energy-efficient manufacturing processes and the use of eco-friendly materials.
In conclusion
MRF Ltd’s ability to stay ahead of its competitors is a testament to its strategic vision and operational excellence. By continuously evolving and setting new standards, MRF secures its place at the forefront of the tyre industry and paves the way for future growth and innovation.
Operating within the automotive sector, MRF Ltd is a central player in the tyre manufacturing industry. Established in 1946, it has been in the business for many years, showcasing a rich history of innovation and growth. MRF Ltd’s headquarters and their registered office are in Chennai, Tamil Nadu.
MRF’s main products include a variety of tyres for different vehicles, treads, tubes, conveyor belts, paints, and toys. Some of their popular tyre brands are MRF ZVTS, MRF Wanderers, and MRF Meteor.
The promoters of MRF Ltd include the Mammen family, who have been instrumental in the company’s growth and success over the decades. It was initially established as a toy balloon manufacturing unit by K. M. Mammen Mappillai in Tiruvottiyur, Madras (now Chennai). Over the decades, MRF has grown to become the largest manufacturer of tyres in India.
They also hold a significant market share in the industry. The company’s stock is highly regarded and is often considered a top performer in its sector. MRF’s market capitalisation and extensive market presence further solidify its position as a leader in the tyre manufacturing industry.
The company is led and managed by K M Mammen as chairman and Arun Mammen as vice chairman. Many managerial promoters have contributed to the company’s success. some of them are–
-
Rahul Mammen Mappillai
-
Samir Thariyan Mappillai
-
Varun Mammen
The promoters hold 27.78% of the company’s shares. However, The general public and other investors hold 42.4% of the shares.
How MRF Maintains Its Competitive Edge
The primary way MRF stays ahead is through continuous innovation and research. The company invests heavily in R&D to develop and improve new products. Their focus on innovation allows MRF to introduce better performance and safety tyres. Also, MRF was one of the first companies in India to introduce radial tyres, which are now a standard in the industry.MRF places strong attention on quality assurance. The company has stringent quality control processes in place at every stage of production. These stages can be from raw material procurement to the final product. This commitment to quality ensures that MRF tyres are reliable and meet the highest standards. It can be helpful to build customer trust and loyalty.
MRF offers a wide range of products catering to different market segments. Whether it is tyres for passenger cars, two-wheeler trucks, or even aircraft, it has a product that meets the needs of various customers.
MRF has built a strong brand presence over the years through effective marketing and sponsorships. The company sponsors various sports events, including cricket and motorsports. This helps to enhance brand visibility and recall. Millions recognise the iconic MRF logo, and this strong brand presence gives MRF an edge over its competitors.
Another factor that sets MRF apart is its extensive distribution network. The company has a vast network of dealers and distributors across India and in several international markets. This ensures that MRF products are easily accessible to customers, no matter where they are located. A robust distribution network also helps in timely delivery and better customer service.
MRF’s customer-centric approach is another reason for its success. The company actively seeks feedback from customers and uses it to improve its products and services. MRF also offers excellent after-sales service, which enhances customer satisfaction and loyalty. By putting the customer at the centre of its operations, MRF ensures that it meets and exceeds customer expectations.
MRF has formed strategic partnerships with various automobile manufacturers. This helps secure OEM (Original Equipment Manufacturer) contracts for the company and supplier. These partnerships bring in a steady income and boost the company’s reputation as a trusted supplier of high-quality tyres.
MRF’s strong financial position allows it to invest in new technologies and expand its production capacity. The company’s smart financial management keeps it profitable and helps it compete with opponents.
MRF invests in the training and development of its employees. It believes a skilled and motivated workforce is crucial for maintaining its competitive edge. Regular training programs ensure that employees are up to date with the latest industry trends. This helps to improve productivity and innovation.
In recent years, MRF has also focused on sustainability initiatives. The company is committed to reducing its environmental footprint. This process involves various measures such as energy-efficient manufacturing processes and the use of eco-friendly materials.
In conclusion
MRF Ltd’s ability to stay ahead of its competitors is a testament to its strategic vision and operational excellence. By continuously evolving and setting new standards, MRF secures its place at the forefront of the tyre industry and paves the way for future growth and innovation.
View More
FAQ’s
What is the share price of MRF Ltd today?
MRF Ltd share price as on 22 Jan 2025 is ₹
111506.8
What is the Market Cap of MRF Ltd?
The market cap of MRF Ltd stock is ₹47,542.05 Cr.
What is the PE Ratio of MRF Ltd?
The Price to Earnings (P/E) Ratio of MRF Ltd is 27.69
What is the PB Ratio of MRF Ltd?
The Price to Book (P/B) Ratio of MRF Ltd is 3.44
What is the 52 week high of MRF Ltd Share Price?
The 52 week high of MRF Ltd share price stands at ₹1,51,445
What is the 52 week low of MRF Ltd Share Price?
The 52 week low of MRF Ltd share price stands at ₹1,11,912.05
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