MRF Ltd

MRF Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

MRF Ltd

₹ 1,28,928 0.19%
03 Jul - close price
mrftyres.com BSE: 500290 NSE: MRF
About

Madras Rubber Factory Limited (MRF) is the parent company of the MRF Group. The Co is engaged in the business of manufacturing tyres[1]

Key Points

Products & Services
Products: The Co manufactures tyres (flagship) for Passenger cars, Two-wheelers, Three Wheelers, OTR, Trucks, Farm tractors, LCVs, Tubes & flaps, SCV, Pick up cars, MCV and ICV.
It also manufactures Sports goods, Paints & Coats and Pretreads. It also manufactures Puzzles, games, and toys for kids through its brand Funskool.
Services: T&S, Tiretok, Tyredrome, MRF Fasst, Muscle Zone, and Midd. [1] [2]

Website BSE NSE
  • Market Cap ₹ 54,665 Cr.
  • Current Price ₹ 1,28,928
  • High / Low ₹ 1,51,445 / 99,099
  • Stock P/E 26.8
  • Book Value ₹ 38,765
  • Dividend Yield 0.16 %
  • ROCE 17.0 %
  • ROE 13.2 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 3.33 times its book value
  • Company has a low return on equity of 7.57% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Tyres Industry: Tyres

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
4,738 4,128 4,832 4,830 5,200 5,599 5,719 5,535 5,725 6,323 6,088 6,048 6,215
3,992 3,640 4,319 4,344 4,673 5,121 5,252 4,986 4,882 5,209 4,959 5,008 5,330
Operating Profit 746 487 512 486 528 478 467 549 843 1,114 1,129 1,039 886
OPM % 16% 12% 11% 10% 10% 9% 8% 10% 15% 18% 19% 17% 14%
57 92 89 69 65 34 76 70 148 74 70 77 92
Interest 75 62 57 63 66 64 70 80 84 78 75 78 86
Depreciation 297 301 296 295 310 297 308 315 328 332 350 359 384
Profit before tax 431 217 249 197 217 152 165 224 579 778 773 679 508
Tax % 26% 26% 26% 26% 28% 26% 25% 24% 29% 25% 26% 25% 25%
317 161 183 146 157 112 124 169 411 581 572 508 380
EPS in Rs 748.06 380.40 432.39 343.90 369.67 264.93 292.35 399.00 968.29 1,370.99 1,348.54 1,197.85 894.93
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Sep 2012 Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
11,867 12,131 13,197 19,887 13,252 14,775 15,836 15,989 15,921 18,989 22,578 24,674
10,606 10,364 11,266 15,509 10,652 12,546 13,580 13,659 13,015 16,967 20,227 20,506
Operating Profit 1,261 1,767 1,931 4,378 2,600 2,229 2,256 2,330 2,906 2,022 2,351 4,168
OPM % 11% 15% 15% 22% 20% 15% 14% 15% 18% 11% 10% 17%
32 29 63 315 325 327 412 330 202 313 321 312
Interest 159 196 232 352 250 250 253 281 271 255 304 316
Depreciation 301 373 423 735 609 705 806 981 1,137 1,201 1,249 1,425
Profit before tax 833 1,227 1,339 3,606 2,066 1,602 1,609 1,399 1,700 879 1,119 2,739
Tax % 31% 35% 33% 31% 30% 32% 32% 0% 27% 26% 27% 25%
572 802 898 2,474 1,451 1,092 1,097 1,395 1,249 647 816 2,041
EPS in Rs 1,349.56 1,891.51 2,117.12 5,833.16 3,421.47 2,575.46 2,586.29 3,289.19 2,945.13 1,526.35 1,924.57 4,812.31
Dividend Payout % 2% 2% 2% 2% 2% 2% 2% 3% 5% 10% 9% 4%
Compounded Sales Growth
10 Years: 7%
5 Years: 9%
3 Years: 16%
TTM: 9%
Compounded Profit Growth
10 Years: 10%
5 Years: 13%
3 Years: 18%
TTM: 197%
Stock Price CAGR
10 Years: 18%
5 Years: 18%
3 Years: 17%
1 Year: 30%
Return on Equity
10 Years: 12%
5 Years: 9%
3 Years: 8%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Sep 2012 Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 4 4 4 4 4 4 4 4 4 4 4 4
Reserves 2,854 3,641 4,513 7,157 8,540 9,600 10,649 12,000 13,175 13,773 14,505 16,436
1,708 1,599 1,903 2,067 2,072 1,701 1,868 1,365 1,120 2,415 2,561 2,377
2,647 3,013 3,377 3,942 4,309 4,997 5,707 5,785 7,961 6,501 6,954 7,597
Total Liabilities 7,212 8,257 9,797 13,170 14,925 16,302 18,228 19,154 22,260 22,693 24,024 26,415
2,914 2,970 3,429 4,594 5,488 6,075 6,768 8,849 9,391 9,466 10,050 11,977
CWIP 415 359 627 1,058 847 1,079 1,403 1,735 1,001 1,226 3,045 2,363
Investments 425 906 1,088 3,147 3,394 4,146 3,848 1,540 5,876 3,665 3,106 3,404
3,459 4,023 4,654 4,370 5,196 5,001 6,209 7,030 5,991 8,336 7,823 8,671
Total Assets 7,212 8,257 9,797 13,170 14,925 16,302 18,228 19,154 22,260 22,693 24,024 26,415

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Sep 2012 Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,023 1,476 1,687 3,407 1,790 2,529 1,380 2,079 4,687 -657 2,417 3,227
-966 -937 -1,785 -3,406 -1,394 -1,970 -1,310 -168 -5,063 177 -1,927 -2,316
-51 -313 67 -179 -295 -639 -112 -864 -625 491 -457 -823
Net Cash Flow 5 226 -31 -178 101 -80 -41 1,047 -1,001 10 33 88

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Sep 2012 Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 45 47 47 34 54 53 54 52 51 44 39 42
Inventory Days 72 83 78 61 116 87 112 110 114 119 97 107
Days Payable 41 47 50 50 82 80 88 90 168 81 66 72
Cash Conversion Cycle 76 83 76 45 89 60 78 71 -3 82 70 77
Working Capital Days 54 50 47 10 19 5 11 9 -42 33 11 51
ROCE % 23% 29% 27% 50% 23% 17% 16% 13% 14% 6% 7%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
27.82% 27.84% 27.90% 27.95% 27.94% 27.87% 27.88% 27.85% 27.77% 27.75% 27.76% 27.78%
14.07% 14.77% 14.58% 15.54% 16.05% 16.46% 18.22% 18.05% 18.77% 19.58% 19.41% 19.75%
13.65% 12.96% 12.91% 11.73% 12.46% 12.49% 11.37% 11.65% 11.71% 11.19% 11.45% 10.57%
44.46% 44.43% 44.61% 44.79% 43.55% 43.18% 42.53% 42.45% 41.75% 41.48% 41.39% 41.92%
No. of Shareholders 55,80354,44662,40666,78656,54448,37741,88143,50037,93837,50437,58447,663

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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