MRF Ltd Analyst Rating
based on 9 analysts
33.33%
Buy
11.11%
Hold
55.56%
Sell
Based on 9 analysts offering long term price targets for MRF Ltd. An average target of ₹118507
Source: S&P Global Market Intelligence
MRF Ltd Share analysis
MRF Ltd price forecast by 9 analysts
Downside of
High
₹160000
Target
₹118507.00
Low
₹92500
MRF Ltd target price ₹118507, a slight downside of -3.61% compared to current price of ₹123509.9. According to 9 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
MRF Ltd revenue growth forecast
Expected growth rate Q1, FY2026:19.57%
Forecast
Actual
Including amortisation and stock based compensations
MRF Ltd EPS growth forecast
EPS estimate Q1, FY2026:8.28%
Forecast
Actual
Source: S&P Global Market Intelligence
MRF Ltd Performance
Day's Low
Day's High
₹1,21,751.05₹1,24,099.9552 Week's Low
52 Week's High
₹1,10,617.55₹1,51,445
| Returns % | |
| 1 Month Return | -4.13 % |
| 3 Month Return | -10.8 % |
| 1 Year Return | + 10.33 % |
| Market Stats | |
| Previous Close | ₹1,22,950.60 |
| Open | ₹1,23,100.00 |
| Volume | 6,696.00 |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹52,131.05Cr |
MRF Ltd Key Statistics
| P/E Ratio | 26.77 |
| PEG Ratio | 0.04 |
| Market Cap | ₹52,131.05 Cr |
| P/B Ratio | 3.44 |
| EPS | 4908.56 |
| Dividend Yield | 0.15 |
| Sector | Tyres |
| ROE | 13.19 |
MRF Ltd Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| ₹52,131.05 Cr | 19.31% | 0.58 | ₹2,081 Cr | ₹25,169 Cr | ||
| HOLD | ₹53,542.10 Cr | 45.64% | 0.63 | ₹1,471 Cr | ₹9,368 Cr |
About MRF Ltd
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: ₹123509.90 per share as on 21 Nov, 2024 04:01 PM
Market Capitalisation: ₹52,131.05Cr 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
| Organisation | MRF Ltd |
| Headquarters | |
| Industry | Tyres |
| E-voting on shares | Click here to vote |
Key events for MRF Ltd
MRF Reports Mixed Financial Results Amid Dividend Announcement - 18 Nov, 2024
MRF's financial results show an 11% revenue increase but a 20% drop in net profit for Q2 FY25. The company announces a Rs 3 interim dividend, with projections for the tyre industry indicating modest growth.
MRF Declares Interim Dividend of Rs 3 Per Share - 15 Nov, 2024
MRF Limited has announced an interim dividend of Rs 3 per share for FY 2024-25, with the record date on November 20 and ex-dividend date on November 19. The company reported a revenue decline in Q2 FY 2024-25 and a drop in net profit compared to the previous quarter.
MRF Shares Surge Amid Positive Market Sentiment - 11 Nov, 2024
MRF shares rose over 4% due to positive sentiment. The company reported a 10.68% increase in net sales, but net profit fell 19.77%. Anand Rathi upgraded MRF to Buy with a target price of Rs 160,000, highlighting a favorable margin outlook.
MRF Reports Decline in Q2 Net Profit - 09 Nov, 2024
MRF's Q2 consolidated net profit fell 19% to Rs 470.70 crore, despite a 10% increase in revenue from operations to Rs 6,881.09 crore. Standalone net profit also declined by 20%.
MRF Reports Q2 Decline, Announces Dividend - 08 Nov, 2024
MRF's Q2 results show a 19% drop in net profit to ₹470.70 crore, despite a 10% revenue increase. The company declared a ₹3 interim dividend, with shares declining 1.75% post-announcement.
MRF Shares Decline Amid Market Fluctuations - 04 Nov, 2024
Shares of MRF Limited fell by 1.37% to ₹1,21,637.85, leading to a market cap decrease to approximately ₹51,588.35 crore, influenced by broader market fluctuations in the automotive sector.
MRF Stock Declines, Elcid Surpasses Price - 30 Oct, 2024
On October 30, 2024, MRF shares closed at Rs 1,22,576.50, marking a decline. Elcid has now surpassed MRF as India's most expensive stock.
MRF Ltd Not the Highest Priced Stock Anymore - 29 Oct, 2024
Despite being priced at Rs 1.2 lakh, MRF Ltd is no longer the highest priced share in the Indian stock market, surpassed by a microcap player.
MRF Launches New Tyredrome Center in Mumbai - 27 Oct, 2024
MRF Ltd. has inaugurated its new Tyredrome center in Mumbai, providing specialized tyre and wheel care services with advanced equipment and trained technicians to improve vehicle safety and performance.
MRF Acquires Stake in Clean Max Omni - 23 Oct, 2024
MRF Ltd has announced a 26% stake acquisition in Clean Max Omni for ₹7.26 crore. The company will also consider an interim dividend on November 8, 2024.
MRF Partners with Clean Max for Renewable Energy - 22 Oct, 2024
MRF Limited has announced a strategic alliance with Clean Max Omni, entering a captive power purchase agreement and acquiring a 26% equity stake for ₹7.26 crore. This move supports MRF's commitment to renewable energy and sustainability.
MRF Achieves Record Growth in 2023-24 - 20 Oct, 2024
MRF reported a consolidated total income exceeding ₹25,000 crore for the financial year 2023-24, reinforcing its position as a leading player in the Indian tyre industry and the 15th largest globally. The company aims to maintain its growth trajectory and market share.
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.
POSITIVE IMPACTPrice Rise
In the last 7 days, MRF stock has moved up by 2.0%
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 6.84% to 8.03% in Sep 2024 quarter
NO EFFECTAgainst Peers
In the last 1 year, CEAT Ltd has given 33.6% return, outperforming this stock by 23.2%
- NO EFFECT
Against Peers
In the last 3 years, CEAT Ltd has given 139.0% return, outperforming this stock by 76.5%
NEGATIVE IMPACTFII Holding Down
Foreign Institutions have decreased holdings from 19.08% to 18.68% in Sep 2024 quarter
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 2 quarters, 571.02 Cr → 470.7 Cr (in ₹), with an average decrease of 17.6% per quarter
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 7.28K Cr → 6.99K Cr (in ₹), with an average decrease of 3.9% per quarter
- NEGATIVE IMPACT
Promoter Holding Down
Promoters have decreased holdings from 27.78% to 27.77% in Sep 2024 quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 42.41% to 41.88% in Sep 2024 quarter
MRF Ltd Financials
Index Inclusions
MRF Ltd Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 27.77% | ||
| Foreign Institutions | 18.68% | ||
| Mutual Funds | 8.03% | 17.48 | |
| Retail Investors | 41.88% | ||
| Others | 3.65% |
MRF Ltd Key Indicators
MRF Ltd Valuation
MRF Ltd in the last 5 years
Lowest (16.42x)
April 3, 2020
Today (26.77x)
November 19, 2024
Industry (27.46x)
November 19, 2024
Highest (70.85x)
November 7, 2022
MRF Ltd Earnings and Dividends
MRF Ltd Earnings Results
MRF Ltd’s net profit fell -19.77% since last year same period to ₹470.70Cr in the Q2 2024-2025. On a quarterly growth basis, MRF Ltd has generated -17.57% fall in its net profits since last 3-months.
Read More about Earnings ResultsMRF Ltd Dividends November,2024
In the quarter ending September 2024, MRF Ltd has declared dividend of ₹3 - translating a dividend yield of 0.16%.
Read More about Dividends
MRF Ltd Technicals Summary
Bearish
Neutral
Bullish
MRF Ltd is currently in a Neutral trading position according to technical analysis indicators.
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MRF Ltd (MRF) share price today is ₹123509.9
MRF Ltd is listed on NSE
MRF Ltd is listed on BSE
- Today’s highest price of MRF Ltd is ₹124099.95.
- Today’s lowest price of MRF Ltd is ₹121751.05.
PE Ratio of MRF Ltd is 26.77
PE ratio = MRF Ltd Market price per share / MRF Ltd Earnings per share
Today’s traded volume of MRF Ltd(MRF) is 6,696.00.
Today’s market capitalisation of MRF Ltd(MRF) is ₹52131.05Cr.
| MRF Ltd(MRF | Price |
|---|---|
52 Week High | ₹151445 |
52 Week Low | ₹110617.55 |
MRF Ltd(MRF) share price is ₹123509.9. It is down -18.45% from its 52 Week High price of ₹151445
MRF Ltd(MRF) share price is ₹123509.9. It is up 11.65% from its 52 Week Low price of ₹110617.55
| MRF Ltd(MRF | Returns |
|---|---|
1 Day Returns | 559.3% |
1 Month Returns | -4.13% |
3 Month Returns | -10.8% |
1 Year Returns | 10.33% |