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MRF Share Price

(MRF)

₹113948.650.45%

as on 04:01PM, 17 Jan 2025

Overview
News
Financials
Q3 2024 Results
Technicals
F&O

MRF Analyst Rating

based on 9 analysts

SELL

33.33%

Buy

11.11%

Hold

55.56%

Sell

Based on 9 analysts offering long term price targets for MRF. An average target of ₹118009.22

Source: S&P Global Market Intelligence

MRF Share analysis

MRF price forecast by 9 analysts

Upside of3.56%

High

₹160000

Target

₹118009.22

Low

₹92500

MRF target price ₹118009.22, a slight upside of 3.56% compared to current price of ₹113948.65. According to 9 analysts rating.

Source: S&P Global Market Intelligence

MRF Performance

  • Day's Low

    Day's High

    ₹1,13,301.1
    Day's Price Range
    ₹1,14,539.15
  • 52 Week's Low

    52 Week's High

    ₹1,12,652.15
    52-Week Price Range
    ₹1,51,445
1 Month Return-12.62 %
3 Month Return-11.97 %
1 Year Return-17.18 %
Previous Close₹1,14,463.60
Open₹1,14,399.95
Volume3,965.00
Upper Circuit-
Lower Circuit-
Market Cap₹48,545.65Cr

MRF Key Statistics

P/E Ratio24.81
PEG Ratio0.04
Market Cap₹48,545.65 Cr
P/B Ratio3.44
EPS4908.56
Dividend Yield0.15
SectorTyres
ROE13.19

MRF Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
SELL₹48,545.65 Cr13.26%0.58₹2,081 Cr₹25,169 Cr
HOLD₹52,684.73 Cr28.92%0.63₹1,471 Cr₹9,368 Cr

About MRF

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: ₹113948.65 per share as on 17 Jan, 2025 04:01 PM
Market Capitalisation: ₹48,545.65Cr as of today
Revenue: ₹6,881.09Cr as on September 2024 (Q3 24)
Net Profit: ₹470.70Cr as on September 2024 (Q3 24)
Listing date: 19 Jan, 1995
Chairperson Name: K M Mammen
OrganisationMRF
Headquarters
IndustryTyres
E-voting on sharesClick here to vote
MRF Tyres Share Price

Key events for MRF Ltd

  • MRF Expands in EV and Defence Tyre Markets - 19 Jan, 2025

    MRF Ltd is enhancing its presence in the electric vehicle tyre segment and expanding its defence tyre offerings. The company is a key supplier for major EV models and is exploring export opportunities in defence. MRF's manufacturing capacity is also increasing to meet growing demand, with significant investments planned.
  • MRF Invests in Rubber Production Enhancement - 08 Jan, 2025

    Tyre manufacturers, including MRF, are investing INR 100 crore in the Northeast and West Bengal to improve natural rubber production infrastructure and training for growers under Project INROAD.
  • MRF Receives Hold Rating Amid Mixed Financials - 04 Jan, 2025

    MRF has been upgraded to a 'Hold' rating due to low debt and healthy long-term growth, despite a 3.28% decline in stock value over the past year. Profits rose by 15.2%, but September 2024 results were flat with declines in profit before and after tax. Institutional holdings remain strong at 30.36%. The stock is currently in a mildly bearish range, underperforming the broader market.
  • MRF Faces Decline Amid Mixed Financial Signals - 03 Jan, 2025

    MRF Ltd has received a 'Hold' rating upgrade despite a 3.28% decline in stock value. The stock dropped for the fifth straight session, underperforming against broader market indices.

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

    MF Holding Up

    img

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

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, CEAT Ltd has given 170.6% return, outperforming this stock by 122.1%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, CEAT Ltd has given 23.6% return, outperforming this stock by 40.5%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, MRF stock has moved down by -14.7%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

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

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

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

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 571.02 Cr → 470.7 Cr (in ₹), with an average decrease of 17.6% per quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

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

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 7.28K Cr → 6.99K Cr (in ₹), with an average decrease of 3.9% per quarter

MRF Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹6,217.10Cr (-)₹6,162.46Cr (↓0.88%)₹6,349.36Cr (↑3.03%)₹7,196.45Cr (↑13.34%)₹6,881.09Cr (↓4.38%)
Net Income₹586.66Cr (-)₹509.71Cr (↓13.12%)₹396.11Cr (↓22.29%)₹571.02Cr (↑44.16%)₹470.70Cr (↓17.57%)
Net Profit Margin9.44% (-)8.27% (↓12.39%)6.24% (↓24.55%)7.93% (↑27.08%)6.84% (↓13.75%)
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₹2,079.04Cr (-)₹4,687.27Cr (↑125.45%)-₹657.35Cr (↓114.02%)₹2,416.65Cr (↓467.64%)₹3,227.45Cr (↑33.55%)

Index Inclusions

S&P BSE MidCap Select

₹16,168.65

-0.09 (-14.63%)

BSE 200

₹10,639.68

-0.17 (-18.25%)

Nifty Infra

₹8,400.90

1.2 (99.45%)

Nifty 200

₹13,043.55

-0.16 (-21.4%)

Nifty Auto

₹22,791.10

-0.31 (-70.15%)

Nifty Midcap Sel

₹12,249.85

0.26 (31.85%)

Nifty 500

₹21,680.25

-0.16 (-34.3%)

Nifty Midcap 150

₹20,195.90

0.12 (23.25%)

S&P BSE Low Volatility

₹1,729.99

0.1 (1.68%)

S&P BSE 150 MidCap

₹15,138.10

0.09 (13.37%)

Nifty LargeMidcap 250

₹15,180.20

-0.07 (-10.05%)

BSE 500

₹34,083.34

-0.16 (-53.44%)

S&P BSE 400 MidSmallCap

₹11,515.38

0.04 (4.9%)

BSE Auto

₹51,498.65

-0.28 (-142.05%)

Nifty Midcap 100

₹54,607.65

0.23 (123.85%)

Nifty Midcap 50

₹15,139.65

0.05 (8.15%)

S&P BSE 250 LargeMidCap

₹10,088.08

-0.17 (-17.11%)

BSE Mid-Cap

₹43,761.23

0.04 (17.54%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Nifty MidSmallcap 400

₹18,978.85

0.06 (10.9%)

MRF 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 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 Valuation

MRF in the last 5 years

  • Overview

  • Trends

Lowest (16.42x)

April 3, 2020

Today (24.81x)

January 17, 2025

Industry (26.79x)

January 17, 2025

Highest (70.85x)

November 7, 2022

LowHigh

MRF Earnings and Dividends

  • MRF Ltd Dividends November,2024

    In the quarter ending September 2024, MRF Ltd has declared dividend of ₹3 - translating a dividend yield of 0.18%.

    Read More about Dividends

MRF Technicals Summary

Bearish

Neutral

Bullish

Bearish

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

FAQs on MRF Ltd

MRF Ltd share price today stands at ₹113948.65, Open. ₹114399.95 ; Previous Close. ₹114463.6 ; High. ₹114539.15 ; Low. ₹113301.1 ; 52 Week High. ₹151445 ; 52 Week Low: ₹112652.15.

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MRF Ltd is listed on NSE

MRF Ltd is listed on BSE

  • Today’s highest price of MRF Ltd is ₹114539.15.
  • Today’s lowest price of MRF Ltd is ₹113301.1.

PE Ratio of MRF Ltd is 24.81

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

Today’s traded volume of MRF Ltd(MRF) is 3,965.00.

Today’s market capitalisation of MRF Ltd(MRF) is ₹48545.65Cr.

MRF Ltd(MRFPrice
52 Week High
₹151445
52 Week Low
₹112652.15

MRF Ltd(MRF) share price is ₹113948.65. It is down -24.76% from its 52 Week High price of ₹151445

MRF Ltd(MRF) share price is ₹113948.65. It is up 1.15% from its 52 Week Low price of ₹112652.15

MRF Ltd(MRFReturns
1 Day Returns
-514.95%
1 Month Returns
-12.62%
3 Month Returns
-11.97%
1 Year Returns
-17.18%