MRF
₹150,725.00
560.5 (0.37%)
25 February, 2024 18:06 BSE: 500290 NSE: MRFISIN: INE883A01011

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Mrf Performance

Day Range

  • Low 150,050
  • High 151,445
₹ 150,725

52 Week Range

  • Low 81,380
  • High 151,445
₹ 150,725
  • Open Price150,165
  • Previous Close150,165
  • Volume7594

Mrf Share Price

  • Over 1 Month 6.9%
  • Over 3 Month 35.33%
  • Over 6 Month 38.69%
  • Over 1 Year 73.78%

Mrf Key Statistics

P/E Ratio 31.6
PEG Ratio 0.1
Market Cap Cr 63,924
Price to Book Ratio 4.3
EPS 1622.7
Dividend 0.1
Relative Strength Index 68.39
Money Flow Index 74.21
MACD Signal 3966.34
Average True Range 3222.35
MRF Financials
IndicatorDec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 6,0486,0886,3235,725
Operating Expenses Qtr Cr 5,0084,9595,2094,882
Operating Profit Qtr Cr 1,0391,1291,114843
Depreciation Qtr Cr 359350332328
Interest Qtr Cr 78757884
Tax Qtr Cr 171202197168
Net Profit Qtr Cr 508572581411
IndicatorMar 2023
Total Revenue Annual Cr 22,826
Operating Expenses Annual Cr 20,241
Operating Profit Annual in Cr 2,337
Depreciation Cr 1,249
Interest Annual Cr 298
Tax Annual Cr 303
Net Profit Annual Cr 816
IndicatorMar 2023
Cash from Operating Activity Annual Cr 2,417
Cash from Investing Activity Annual Cr -1,928
Cash from Financing Annual Activity Cr -457
Net Cash Flow Annual Cr 32
IndicatorMar 2023
Total ShareHolders Funds Annual Cr 14,509
Fixed Assets Annual Cr 13,095
Total Non Current Assets Annual Cr 15,063
Total Current Assets Annual Cr 8,961
Total Assets Annual Cr 24,024
IndicatorMar 2023
Book Value Per Share Annual Rs 34,219
ROE Annual % 6
ROCE Annual % 8
Total Debt to Total Equity Annual -
EBDIT Annual Margin % 11
IndicatorDec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 6,1626,2176,4405,842
Operating Expenses Qtr Cr 5,1085,0605,3104,988
Operating Profit Qtr Cr 1,0551,1571,130854
Depreciation Qtr Cr 360351333330
Interest Qtr Cr 90868492
Tax Qtr Cr 173204198161
Net Profit Qtr Cr 510587589341
IndicatorMar 2023
Total Revenue Annual Cr 23,261
Operating Expenses Annual Cr 20,619
Operating Profit Annual in Cr 2,389
Depreciation Cr 1,253
Interest Annual Cr 319
Tax Annual Cr 301
Net Profit Annual Cr 769
IndicatorMar 2023
Cash from Operating Activity Annual Cr 2,755
Cash from Investing Activity Annual Cr -1,923
Cash from Financing Annual Activity Cr -840
Net Cash Flow Annual Cr -8
IndicatorMar 2023
Total ShareHolders Funds Annual Cr 14,708
Fixed Assets Annual Cr 13,164
Total Non Current Assets Annual Cr 15,126
Total Current Assets Annual Cr 9,244
Total Assets Annual Cr 24,369
IndicatorMar 2023
Book Value Per Share Annual Rs 34,688
ROE Annual % 5
ROCE Annual % 8
Total Debt to Total Equity Annual -
EBDIT Annual Margin % 11

Mrf Technicals

EMA & SMA

Current Price
₹150,725.00
560.5 (0.37%)
pointer
  • Bullish Moving Average
  • ___
  • 16
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • ₹145,014.12
  • 50 Day
  • ₹136,809.36
  • 100 Day
  • ₹127,352.80
  • 200 Day
  • ₹116,279.53
  • 20 Day
  • ₹144,923.50
  • 50 Day
  • ₹135,866.38
  • 100 Day
  • ₹123,125.21
  • 200 Day
  • ₹113,105.61

Mrf Resistance and Support

PIVOT
₹150,740.
Resistance
First Resistance 151,430.00
Second Resistance 152,135.00
Third Resistance 152,825.00
RSI 68.39
MFI 74.21
MACD Single Line 3,966.34
MACD 4,066.50
Support
First Resistance 150,035.00
Second Resistance 149,345.00
Third Resistance 148,640.00

Mrf Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 7,862 234,288 29.8
Week 9,739 220,788 22.67
1 Month 14,945 380,355 25.45
6 Month 8,486 241,610 28.47

Mrf Result Highlights

MRF Synopsis

NSE-Auto/Truck-Tires & Misc

Mrf Ltd is involved in the business activities of Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres. Company’s Total Operating Revenue is Rs. 22578.23 Cr. and Equity Capital is Rs. 4.24 Cr. for the Year ended 31/03/2023. MRF Ltd. is a Public Limited Listed company incorporated on 05/11/1960 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L25111TN1960PLC004306 and registration number is 004306.
Market Cap 63,922
Sales 24,184
Shares in Float 0.31
No of funds 622
Yield 0.12
Book Value 4.4
U/D Vol ratio 1.6
LTDebt / Equity 6
Alpha 0.16
Beta 0.51

MRF

Owner NameDec-23Sep-23Jun-23Mar-23
Promoters 27.75%27.75%27.77%27.84%
Mutual Funds 7.34%7%7.28%6.83%
Insurance Companies 3.89%3.96%
Foreign Portfolio Investors 19.41%19.58%18.77%18.05%
Financial Institutions/ Banks 0.07%0.07%0.17%0.17%
Individual Investors 12.06%12.15%12.36%12.73%
Others 29.48%29.49%33.65%34.38%

MRF Management

Name Designation
Mr. K M Mammen Chairman & Managing Director
Mr. Arun Mammen Vice Chairman & Mng.Director
Mr. Rahul Mammen Mappillai Managing Director
Mr. Samir Thariyan Mappillai Whole Time Director
Mr. Varun Mammen Whole Time Director
Dr. Cibi Mammen Director
Mrs. Ambika Mammen Director
Mr. Ashok Jacob Director
Mr. V Sridhar Director
Mr. Vijay R Kirloskar Director
Mr. Ranjit I Jesudasen Director
Dr. Salim Joseph Thomas Director
Mr. Jacob Kurian Director
Mrs. Vimla Abraham Director
Mr. Ramesh Rangarajan Director
Mr. Dinshaw Keku Parakh Director
Mr. Arun Vasu Director
Mr. Vikram Chesetty Director
Mr. Prasad Oommen Director

Mrf Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Mrf Corporate Action

Date Purpose Remarks
2024-02-09 Quarterly Results & Interim Dividend
2023-11-03 Quarterly Results & Interim Dividend
2023-08-03 Quarterly Results
2023-05-03 Audited Results & Final Dividend
2023-02-09 Quarterly Results & Interim Dividend
Date Purpose Remarks
2024-02-21 INTERIM Rs.3.00 per share(30%)Second Interim Dividend
2023-11-17 INTERIM Rs.3.00 per share(30%)Interim Dividend
2023-02-21 INTERIM Rs.3.00 per share (30%) Second Interim Dividend
2022-11-18 INTERIM Rs.3.00 per share(30%)Interim Dividend
2022-02-18 INTERIM Rs.3.00 per share (30%)Second Interim Dividend

About Mrf

MRF Limited, commonly known as MRF or MRF Tyres, is a renowned Indian multinational tyre manufacturing company and one of the largest tyre manufacturers in India. Headquartered in Chennai, Tamil Nadu, India, MRF is known for its wide range of rubber products, including tyres, treads, tubes, conveyor belts, paints, and toys. The company also operates the MRF Pace Foundation in Chennai and the MRF Institute of Driver Development (MIDD) in the same city.

MRF has gained international recognition for its exceptional performance in the tyre industry and has been ranked as the world's second-strongest tyre maker, boasting a AAA- brand grade. With its dedication to innovation, manufacturing excellence, and product quality, MRF has established itself as a trusted name in the automotive sector in India and globally.

MRF is renowned for offering a diverse range of products in the market, including:

● Tyres: MRF manufactures various tyres catering to different vehicles and needs. Their tyre range includes options for passenger cars, two-wheelers, trucks, buses, tractors, light commercial vehicles, off-the-road tyres, and even aeroplane tyres. Notable examples are MRF ZVTS and MRF Wanderers for cars and SUVs, MRF Meteor all-terrain tyres, and MRF Steel Muscle for trucks and buses.

● MRF ZLX: The latest addition to their product line, MRF ZLX, is well-known for providing exceptional comfort in the passenger segment.

● Conveyor Belting: MRF also produces its in-house brand of conveyor belts known as Muscleflex conveyor belts.

● Pretreads: MRF boasts one of India's most advanced pre-cured retreading systems. They entered the retreading segment in 1970 and now manufacture retreads for tyres.

● Paints: MRF develops polyurethane paint formulations and coatings for automotive, decorative, and industrial applications.

● Indigenous Aircraft Tyres: In addition to their comprehensive range, MRF manufactures indigenous aircraft tyres, including those for Su 30 MKI fighters used by the Indian Air Force.


MRF is known for its iconic logo and advertising campaigns, which have contributed to building a strong brand image in the Indian market. MRF operates multiple state-of-the-art manufacturing facilities across India, equipped with modern technologies to meet the growing demand for its products.

The History of Madras Rubber Factory

K. M. Mammen Mappillai initiated Madras Rubber Factory as a toy balloon production unit in 1946 in Tiruvottiyur, Madras (now Chennai). Later, in 1952, the company expanded its operations into manufacturing tread rubber. Subsequently, in November 1960, Madras Rubber Factory Limited was formally established as a private company. It then ventured into the production of tires in collaboration with Mansfield Tire & Rubber Company from Ohio, United States.

The company transitioned to a public entity on 1 April 1961 and took steps to develop the export market by setting up an office in Beirut, Lebanon, in 1964. During this time, the iconic logo of the muscleman was also introduced. A significant milestone occurred in 1967 when it became the first Indian company to export tires to the USA.

In 1973, MRF began producing Nylon tires. In 1978, the company collaborated with B. F. Goodrich for technical expertise. The name was changed to MRF Ltd after Mansfield Tire & Rubber Co sold its share in 1979. Additionally, MRF established a technical collaboration with Marangoni TRS SPA, Italy, for manufacturing pre-cured tread rubber for the retreading industry.

MRF provided tires for India's first modern small car, Maruti 800. In 1989, the company partnered with Hasbro International, the world's largest toymaker, and launched Funskool India. Furthermore, MRF entered agreements with Vapocure of Australia for manufacturing polyurethane paint formulations and with the Italian tire manufacturer Pirelli for conveyor and elevator belt production. In 2004–05, the company expanded its product range to include Go-kart and rally tires and tires for two/three-wheelers.

Madras Rubber Factory- Some Important Facts

● MRF was founded in 1946 in Chennai, India. It started as a small-scale manufacturer of toy balloons and latex products.
● MRF primarily produces tires for various vehicles, including cars, motorcycles, trucks, buses, and bicycles. It has earned a reputation for producing high-quality and durable tires.
● MRF has a significant international presence and exports its products to over 65 countries. It has established a strong foothold in the global tire market and is recognized as one of India's leading tire exporters.
● MRF invests in research and development to continuously improve its product quality and performance. The company's R&D centres work on developing advanced tire technologies and innovations.


Madras Rubber Factory- Awards Received 

● In 2014, MRF achieved an extraordinary feat by winning the JD Power Award for an unprecedented 11th time.

● Over the years, the company has earned numerous prestigious awards and recognitions, such as the 'Highest Export Awards (Auto Tyre Sector)' from the All India Rubber Industries Association (AIRIA) and the 'Top Export Award' from the Chemicals & Allied Products Export Promotion Council (CAPEXIL) for 2009–10.

● According to the Brand Trust Report, a study conducted by Trust Research Advisory, MRF was ranked 48th among India's most trusted brands in 2014.

Today, MRF is one of India's largest and most prominent tire manufacturers and has a significant international presence. It exports its tires to numerous countries and is recognized for its excellence in manufacturing and product quality.

MRF FAQs

What is Share Price of MRF ?

MRF share price is ₹150,725 As on 25 February, 2024 | 17:52

What is the Market Cap of MRF ?

The Market Cap of MRF is ₹63924 Cr As on 25 February, 2024 | 17:52

What is the P/E ratio of MRF ?

The P/E ratio of MRF is 31.6 As on 25 February, 2024 | 17:52

What is the PB ratio of MRF ?

The PB ratio of MRF is 4.3 As on 25 February, 2024 | 17:52

Q2FY23