What is the Share Price of MRF Ltd?
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The share price of MRF Ltd for NSE is ₹ 134505 and for BSE is ₹ 134799.9.
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As of the latest trading session, MRF share price is currently at ₹ 134505, which is up by ₹ 1700.00 from its previous closing. Today, the stock has fluctuated between ₹ 132000.00 and ₹ 135600.00. Over the past year, MRF has achieved a return of 1.51 %. In the last month alone, the return has been 17.48 %. Read More...
Particulars | DEC 2024 (Values in Cr) |
---|---|
Revenue | 6883.17 |
Operating Expense | 6566.71 |
Net Profit | 306.72 |
Net Profit Margin (%) | 4.45 |
Earnings Per Share (EPS) | 723.20 |
EBITDA | 898.42 |
Effective Tax Rate (%) | 25.74 |
Company Name | Price | P/E | P/B | Market Cap | 52 Week Low/High |
---|---|---|---|---|---|
APOLLO TYRES LTD | 455.70 | 21.44 | 2.02 | 28941.55 | 368.00 / 584.65 |
BALKRISHNA IND. LTD | 2594.75 | 28.29 | 5.33 | 50160.98 | 2157.20 / 3377.95 |
CEAT LIMITED | 3061.40 | 24.04 | 2.94 | 12383.39 | 2211.00 / 3581.45 |
JK TYRE & INDUSTRIES LTD | 307.20 | 13.91 | 1.78 | 8417.90 | 231.65 / 510.90 |
Company Name | Price | P/E | P/B | Market Cap | 52 Week Low/High |
---|---|---|---|---|---|
APOLLO TYRES LTD | 455.70 | 38.55 | 2.78 | 28941.55 | 368.00 / 584.65 |
BALKRISHNA IND. LTD | 2594.75 | 28.71 | 5.33 | 50160.98 | 2157.20 / 3377.95 |
CEAT LIMITED | 3061.40 | 23.49 | 3.00 | 12383.39 | 2211.00 / 3581.45 |
GOODYEAR INDIA LTD. | 883.40 | 44.26 | 3.48 | 2038.00 | 806.00 / 1260.00 |
Tyre manufacturer MRF reported a standalone net profit of ₹379.55 crore for the January-March period, marking a 7.6% decline compared to the same quarter last year.
- MRF's revenue rose by 8.6% year-on-year to ₹6,215.1 crore, as per a regulatory filing.
- The Chennai-based tyre maker saw its profit margin, a crucial measure of profitability, shrink by 50 basis points to 14.2% in the final quarter of the financial year 2023-24.
- The company's board has recommended a final dividend of ₹194 per share for FY 2023-24, in addition to two interim dividends of ₹3 per share each earlier.
MRF also announced plans to acquire up to a 27.2% stake in Pune-based First Energy 8 Pvt Ltd, a renewable energy firm developing a 47.4 MW wind power plant in Tamil Nadu, for approximately ₹35.87 crore. The company has signed a power purchase agreement with First Energy 8 to procure wind power under the captive power policy.
“In an effort to enhance its renewable power supply, MRF will acquire and maintain an equity stake of up to 27.2% in First Energy 8 Private Ltd under the group captive generation mechanism in accordance with the Electricity Act,” stated MRF.
MRF’s recent financial results reveal steady growth, with revenue and profitability showing positive trends. The MRF share price responded favourably to the results, with an increase in revenue driven by higher demand for tyres and rubber products. Profit margins improved due to effective cost management and increased operational efficiency. EBITDA saw strong growth, contributing to the company’s solid financial performance. Investors are optimistic about the company’s future growth, with the MRF share price expected to remain strong as the company continues to focus on innovation and expanding its market share in the automotive sector. These results reinforce MRF’s leadership in the industry.
MRF’s annual reports offer a detailed overview of its financial performance and strategic direction over the past year. The company demonstrated steady revenue growth, which has positively influenced the MRF share price. The report highlights MRF’s strong financial position, with controlled costs and a focus on expanding its market presence. The annual reports also outline future growth plans, including investments in technology and capacity expansion, which are expected to further strengthen the company’s performance and positively impact the MRF share price in the coming years.
MRF has maintained a consistent dividend policy, providing regular returns to its shareholders. The MRF share price has reflected positive sentiment following the company’s dividend announcements, showing investor confidence in its financial health. The dividend payout in the last financial year was aligned with market expectations, balancing shareholder returns with reinvestment in the company’s growth initiatives. MRF’s dividend approach ensures that shareholders are rewarded while supporting the company’s long-term expansion strategy, which continues to drive interest in the MRF share price.
MRF Ltd is India's largest tyre manufacturer and ranked amongst the Top 20 Global Manufacturers. It is also India's largest Original Equipment Manufacturer (OEM) tyre supplier with an expansive tyre range from two-wheelers to fighter aircrafts. The company's manufacturing facilities are located at Trichy, Tiruvottiyur and Arakonam in Tamil Nadu, Kottayam in Kerala, Ponda in Goa, Medak in Andhra Pradesh and Union Territory of Pondicherry.
MRF Ltd was established in the year 1946 by K M Mammen Mappillai as a small toy ballon unit. Much later on November 05, 1960, the Company converted into Public Limited after which it started manufacture of automotive tyres and tubes. In the year 1964, the Company commissioned their main plant. Also, they established an overseas office at Beirut, Lebanon to tap the export market. In the year 1967, the Company became the first Indian company to export tyres to USA.
In the year 1980, the company entered into a technical collaboration with the B. F. Goodrich Tyre Company, USA that paved the way to a significant exercise in new product development and quality improvement. They introduced Nylogrip tyres for two-wheeler vehicles and also introduced Legend, a premium segment nylon car tyre in the year 1985 and 1987 respectively.
In 1989 the company collaborated with Hasbro International USA, the world's largest toy maker and launched Funskool India. Also, they entered into a pact with Vapocure of Australia to manufacture polyurethane paint formulations and with Pirelli for MUSCLEFLEX conveyor and elevator belting. In the year 1996, they set up a factory dedicated entirely for the manufacture of radial tyres at Pondicherry. In the year 1999, the company was selected as the most ethical company in India by 'Business World' magazine.
In the year 2004, the company made a tie up with Maruti Udyog to boost motorsports in India. During the year 2004-05, the product range of the company expanded with Go-kart & Rally tyres and tyres for two/three wheelers. The company received the TOP Export Awards from CAPEXIL as well as AIRIA for the period ended 2005.
In the year 2007, the company launched premium truck tyre Super Lug 50-FS. In May 2008, the company signed the memorandum of understanding (MoU) with government of Tamil Nadu for the new MRF plant to be located at Perambulur and also for expansion of their existing plants in Tamil Nadu.
During the year 2009-10, the company increased the installed capacity of Automobile Tyres from 28,450,000 Nos to 31,700,000 Nos. Also, they increased the installed capacity of Automobile Tubes from 29,700,000 Nos to 31,600,000 Nos. They launched two popular tyres, namely MRF Meteor, a bike tyre for both tarmac and dirt; and the MRF Steel Muscle S3K4 truck radials for better mileage on diverse road conditions. Also, they completed the Ankenpally project at Medak district, Andhra Pradesh.
During the year, the company won the All India Rubber Industries Association's (AIRIA) award for 'Highest Export Awards (Auto Tyre Sector)' category and 'Top Export Award' from Chemicals & Allied Products Export Promotion Council (CAPEXIL) for 2009-10.
During the year 2010-11, the company launched new products namely MRF Z.L.O, MRF Meteor M and MRF Steel Muscle 53C8. The company hived off the Speciality Coatings division to MRF Corp Ltd, a 100% subsidiary of the company with effect from April 1, 2011. Also, the company won the All India Rubber Industries Association's (AIRIA) award for 'Highest Export Awards (Auto Tyre Sector)' category and 'Top Export Award' from Chemicals & Allied Products Export Promotion Council (CAPEXIL) for 2010-11. In 2011, MRF commissioned its 8th plant for the production of conventional tyres in Trichy, Tamil Nadu.
In 2012, MRF commissioned its 9th plant in Trichy, Tamil Nadu solely for the manufacture of Radial Tyres.
In 2015, the Company has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to invest not less than Rs 4500 crore in Tamil Nadu in its plants at Perambalur and Arakonam in Tamil Nadu over a period of 7 years. The company gets a place in The Forbes India's Super 50 list of Indian Companies.
On 22 July 2016, MRF announced that credit rating agency ICRA Limited has upgraded the Credit Rating for the company's Non-Convertible Debenture (NCD) Programme in their yearly surveillance from [ICRA] AA+ (pronounced as ICRA double A plus) to [ICRA] AAA (pronounced as ICRA triple A) for Non-Convertible Debentures of Rs 500 crore issued in 2011.
On 11 January 2017, MRF signed a Memorandum of Understanding (MoU) with the Government of Gujarat expressing its in-principle intention to set up a new manufacturing facility in Gujarat for manufacture of automotive tyres, tubes, flaps and related products. The Company proposes to invest a sum of about Rs 4500 crores over a ten year period in a phased manner. The new plant is planned to be set up in Gujarat with the intention of broad basing the Company's manufacturing facilities across India. The project will be funded by internal accruals and/or debt.
As on 31 March 2018,the company has 4 subsidiaries under its roof.
During the year 2017-18,the company has been awarded the Highest Export Award 2016-17, by All India Rubber Industries Association (AIRIA). The product Perfinza by MRF also received the prestigious 2018 Product of the Year Award from Car India magazine. MRF also received the 2018 Corporate Award in the tyres category from DUN & BRADSTREET.
During the FY2019, the Company was awarded top honours in the J.D. Power 2018 Passenger Radial Study for the 13th time - a feat without precedent or parallel. Your Company has also been ranked no.1 in Customer Satisfaction in the Inaugural J.D. Power 2018 India Tractor Tyre Satisfaction Index (TTSI) Study which validates your company's position in the Indian Market as the most preferred Farm Tyre Brand amongst Tractor owners.
As on 31 March 2020,the company has two Indian and two overseas subsidiary companies namely,i. MRF Corp Limited,ii. MRF International Limited,iii. MRF Lanka (P) Ltd,iv. MRF SG PTE. LTD.
The year 2021 also marked the completion of 75 years of establishment of Madras Rubber Factory (which was originally established in 1946 as a proprietorship concern for manufacture of toy balloons). Madras Rubber Factory later took up manufacture of tread rubber at which time it was converted into a partnership concern.
In year 2022, the Company launched MRF Markus of tyres for Luxury SUV's on the Skoda Kodiaq and the Mahindra Alturas. It launched Zapper C1 TL, Zapper V TL, REVZ MG TL, MRK-X Plus N20 TT, MRK- E3 for the two-wheeler tyre. The greenfield site at Aanambakkam near
Chengalpattu started trial production of Solvent Based products.
During the year 2022-23, the Company introduced new sizes MRF Perfinza, series of tyres for Audi, BMW, Jaguar, Mercedes-Benz and Volvo cars, introduced new sizes for the brand MRF Markus for the premium SUV's of Audi, BMW, Mercedes-Benz, Volvo, Jeep, Hyundai and VW. MRF Citibus was introduced exclusively for the Force Traveller and Toyota Innova for Passenger Car Tyres. In the Two Wheeler Tyres, Block pattern rear tube-type tyre was developed for Royal Enfield Classic 350; Tubeless rear tyre for Yamaha Fascino125 BS6 scooter; Tubeless tyre developed for Electric Scooters. In the Commercial Vehicle Tyre, it launched MRF Super Miler 99 Plus, MRF Super Lug Fifty Plus R brand, MRF Savari Extra.
The share price of MRF Ltd for NSE is ₹ 134505 and for BSE is ₹ 134799.9.
The market cap of MRF Ltd for NSE is ₹ 5,70,45.50 Cr. and for BSE is ₹ 5,71,70.57 Cr. as of now.
The 52 Week High and Low of MRF Ltd for NSE is ₹ 143849.90 and ₹ 102124.05 and for BSE is ₹ 143598.95 and ₹ 100500.00.
You can trade in MRF Ltd shares with Bajaj Broking by opening a Demat Account.
The 1 year returns on the stock has been 1.51%.
MRF Ltd share price is for NSE ₹ 134505 & for BSE ₹ 134799.9 as on Apr 30 2025 03:30 PM.
The market cap of MRF Ltd for NSE ₹ 5,70,45.50 & for BSE ₹ 5,71,70.57 as on Apr 30 2025 03:30 PM.
As on Apr 30 2025 03:30 PM the price-to-earnings (PE) ratio for MRF Ltd share is 33.05.
As on Apr 30 2025 03:30 PM, the price-to-book (PB) ratio for MRF Ltd share is 40980.46.
You can trade in MRF Ltd shares with Bajaj Broking by opening a demat account.
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