Analyst Rating
based on 9 analysts
0.00%
Buy
22.22%
Hold
77.78%
Sell
Based on 9 analysts offering long term price targets for MRF Ltd. An average target of ₹112063.89
Source: S&P Global Market Intelligence
MRF Ltd Share analysis
MRF Ltd price forecast by 9 analysts
Downside of
High
₹141052
Target
₹112063.89
Low
₹92500
MRF Ltd target price ₹112063.89, a slight downside of -17.12% compared to current price of ₹134242.7. According to 9 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
MRF Ltd revenue growth forecast
Expected growth rate Q1, FY2026:19.90%
Forecast
Actual
Including amortisation and stock based compensations
MRF Ltd EPS growth forecast
EPS estimate Q1, FY2026:11.33%
Forecast
Actual
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹1,33,300₹1,35,69052 Week's Low
52 Week's High
₹1,06,405₹1,51,445
| Returns % | |
| 1 Month Return | + 0.22 % |
| 3 Month Return | + 7.45 % |
| 1 Year Return | + 24.05 % |
| Market Stats | |
| Previous Close | ₹1,35,219.20 |
| Open | ₹1,35,690.00 |
| Volume | 4,978.00 |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹57,332.94Cr |
Key Statistics
| P/E Ratio | 27.79 |
| PEG Ratio | 0.01 |
| Market Cap | ₹57,332.94 Cr |
| P/B Ratio | 3.44 |
| EPS | 4908.56 |
| Dividend Yield | 0.15 |
| Sector | Tyres |
| ROE | 13.19 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| ₹57,332.94 Cr | 26.34% | 0.58 | ₹2,081 Cr | ₹25,169 Cr | ||
| HOLD | ₹59,464.37 Cr | 62.55% | 0.63 | ₹1,471 Cr | ₹9,368 Cr |
Company Information
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: ₹134242.70 per share as on 18 Sep, 2024 04:01 PM
Market Capitalisation: ₹57,332.94Cr as of today
Revenue: ₹7,196.45Cr as on June 2024 (Q2 24)
Net Profit: ₹571.02Cr as on June 2024 (Q2 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 Launches Aero-Muscle Tyres for Tejas Mk2 - 21 Aug, 2024
MRF has introduced its Aero-Muscle tyres for the Tejas Mk2 fighter jet, enhancing India's defense capabilities and supporting the Atma Nirbhar Bharat initiative. The tyres are designed for high performance and reliability under extreme conditions.
MRF Supplies Advanced Tyres for Indian Military Aircraft - 16 Aug, 2024
MRF has been instrumental in providing specialized tyres for the Indian Air Force's fighter jets and helicopters, including the LCA Tejas and Sukhoi Su-30MKI. The company showcased its new Aero-Muscle tyre for the LCA Tejas Mk2 during the Tarang Shakti exercise, reinforcing its commitment to national security and the aviation industry.
MRF Stock Breaks Key Resistance Level - 14 Aug, 2024
MRF has successfully broken above its anchor VWAP resistance at Rs 1,35,000, showing strong momentum with trading volumes in line with averages. The stock is expected to target Rs 1,42,500 and Rs 1,50,000, with a recommended stop-loss at Rs 1,32,000.
MRF Faces Sell Calls Amid Mixed Q1 Results - 09 Aug, 2024
MRF's Q1 results show revenue growth of 11.74% but a profit decline of 3.01%. Analysts recommend a Strong Sell, with Kotak setting a target of Rs 97,000. Shares fell over 3%, reflecting concerns over valuation and margins.
MRF Reports Mixed Q1 Results Amid Revenue Growth - 08 Aug, 2024
MRF's Q1 results show an 11% revenue increase to Rs 7,196 crore, but net profit declined 3% to Rs 571 crore. Shares rose significantly post-announcement.
MRF Takes Steps to Continue Growth Despite Red Sea Shipping Disturbance - 01 Aug, 2024
MRF is taking necessary steps to continue its growth journey despite the disturbance to commercial shipping in the Red Sea. The company's chairman and managing director, K.M. Mammen, addressed shareholders at the 63rd Annual General Meeting, stating that raw material prices had started increasing steeply in recent months but remained favourable during 2023-24. Consolidated profit before tax increased to ₹2,787 crore from ₹1,070 crore, resulting in a total dividend of ₹200 per share.
MRF Ltd Up 2.63% on NSE - 24 Jul, 2024
MRF Ltd is up 2.63% on the day, trading at Rs 135470 on the NSE. The stock has risen around 6.71% in the last month and 32.13% in the last year, outperforming both the NIFTY and Nifty Auto index. The PE of the stock is 28.81 based on TTM earnings ending March 24.
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 IMPACTRetail Holding Up
Retail Investor have increased holdings from 41.91% to 42.41% in Jun 2024 quarter
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 6.51% to 6.84% in Jun 2024 quarter
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 3 quarters, 6.24K Cr → 7.28K Cr (in ₹), with an average increase of 7.3% per quarter
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 2 quarters, 396.1 Cr → 571.02 Cr (in ₹), with an average increase of 30.6% per quarter
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 27.78% of holdings in Jun 2024 quarter
- NO EFFECT
Against Peers
In the last 3 years, Apollo Tyres Ltd has given 137.7% return, outperforming this stock by 66.3%
- NO EFFECT
Against Peers
In the last 1 year, Apollo Tyres Ltd has given 38.9% return, outperforming this stock by 14.9%
NEGATIVE IMPACTFII Holding Down
Foreign Institutions have decreased holdings from 19.74% to 19.08% in Jun 2024 quarter
- NEGATIVE IMPACT
Price Dip
In the last 6 months, MRF stock has moved down by -1.3%
MRF Ltd Infographics
MRF Ltd Q1 FY2024-2025 Results: Key Insights
MRF Q1 net profit falls 3% on higher expenses
Company Financials
Index Inclusions
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 27.78% | 0.00 | |
| Foreign Institutions | 19.08% | ||
| Mutual Funds | 6.84% | 5.00 | |
| Retail Investors | 42.41% | 1.19 | |
| Others | 3.9% |
Key Indicators
MRF Ltd Valuation
MRF Ltd in the last 5 years
Lowest (16.42x)
April 3, 2020
Today (27.79x)
September 17, 2024
Industry (31.04x)
September 17, 2024
Highest (70.85x)
November 7, 2022
Earnings and Dividends
MRF Ltd Earnings Results
MRF Ltd’s net profit fell -3.01% since last year same period to ₹571.02Cr in the Q1 2024-2025. On a quarterly growth basis, MRF Ltd has generated 44.16% jump in its net profits since last 3-months.
Read More about Earnings ResultsMRF Ltd Dividends May,2024
In the quarter ending March 2024, MRF Ltd has declared dividend of ₹194 - translating a dividend yield of 0.27%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
MRF Ltd is currently in a Bearish trading position according to technical analysis indicators.
Frequently Asked Questions
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MRF Ltd (MRF) share price today is ₹134242.7
MRF Ltd is listed on NSE
MRF Ltd is listed on BSE
- Today’s highest price of MRF Ltd is ₹135690.
- Today’s lowest price of MRF Ltd is ₹133300.
PE Ratio of MRF Ltd is 27.79
PE ratio = MRF Ltd Market price per share / MRF Ltd Earnings per share
Today’s traded volume of MRF Ltd(MRF) is 4,978.00.
Today’s market capitalisation of MRF Ltd(MRF) is ₹57332.94Cr.
| MRF Ltd(MRF | Price |
|---|---|
52 Week High | ₹151445 |
52 Week Low | ₹106405 |
MRF Ltd(MRF) share price is ₹134242.7. It is down -11.36% from its 52 Week High price of ₹151445
MRF Ltd(MRF) share price is ₹134242.7. It is up 26.16% from its 52 Week Low price of ₹106405
| MRF Ltd(MRF | Returns |
|---|---|
1 Day Returns | -976.5% |
1 Month Returns | 0.22% |
3 Month Returns | 7.45% |
1 Year Returns | 24.05% |