1101.05 (0.93%)
As on 11 December, 2023 | 18:26 BSE: 500290 NSE: MRFISIN: INE883A01011

Mrf Performance

Day Range

  • Low 117,616.10
  • High 119,600.00
₹ 119,050.45

52 Week Range

  • Low 81,380.05
  • High 119,600.00
₹ 119,050.45
  • Open Price117,950.00
  • Previous Close117,949.40
  • Volume9161

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Mrf Share Price

  • Over 1 Month 9.93%
  • Over 3 Month 8.78%
  • Over 6 Month 21%
  • Over 1 Year 30.09%

Mrf Key Statistics

P/E Ratio 29.9
PEG Ratio 0.2
Market Cap Cr 50,491
Price to Book Ratio 3.4
EPS 1622.7
Dividend 0.1
Relative Strength Index 82.2
Money Flow Index 66.11
MACD Signal 1325.14
Average True Range 1702.5

Mrf Investment Rating

  • Master Rating:
  • Mrf has an operating revenue of Rs. 24,143.66 Cr. on a trailing 12-month basis. An annual revenue growth of 18% is outstanding, Pre-tax margin of 5% is okay, ROE of 5% is fair but needs improvement. The company has a reasonable debt to equity of 6%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 7% and 17% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 3% from the pivot point (which is the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 88 which is a GOOD score indicating consistency in earnings, a RS Rating of 54 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B- which is evident from recent demand for the stock, Group Rank of 89 indicates it belongs to a poor industry group of Auto/Truck-Tires & Misc and a Master Score of A is the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

MRF Financials
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 6,0886,3235,7255,5355,7195,5995,200
Operating Expenses Qtr Cr 4,9595,2094,8824,9865,2525,1214,673
Operating Profit Qtr Cr 1,1291,114843549467478528
Depreciation Qtr Cr 350332328315308297310
Interest Qtr Cr 75788480706466
Tax Qtr Cr 20219716854414060
Net Profit Qtr Cr 572581411169124112157
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 22,82619,304
Operating Expenses Annual Cr 20,24116,977
Operating Profit Annual in Cr 2,3372,013
Depreciation Cr 1,2491,201
Interest Annual Cr 298247
Tax Annual Cr 303232
Net Profit Annual Cr 816647
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 2,417-657
Cash from Investing Activity Annual Cr -1,928176
Cash from Financing Annual Activity Cr -457491
Net Cash Flow Annual Cr 329
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 14,50913,777
Fixed Assets Annual Cr 13,09510,692
Total Non Current Assets Annual Cr 15,06312,749
Total Current Assets Annual Cr 8,9619,944
Total Assets Annual Cr 24,02422,693
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 34,21932,494
ROE Annual % 65
ROCE Annual % 87
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 1112
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 6,2176,4405,8425,6455,8265,6965,305
Operating Expenses Qtr Cr 5,0605,3104,9885,0835,3465,2034,765
Operating Profit Qtr Cr 1,1571,130854562481493540
Depreciation Qtr Cr 351333330316309298311
Interest Qtr Cr 86849286756667
Tax Qtr Cr 20419816156444063
Net Profit Qtr Cr 587589341175130124165
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 23,26119,634
Operating Expenses Annual Cr 20,61917,267
Operating Profit Annual in Cr 2,3892,050
Depreciation Cr 1,2531,205
Interest Annual Cr 319254
Tax Annual Cr 301239
Net Profit Annual Cr 769669
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 2,755-578
Cash from Investing Activity Annual Cr -1,923165
Cash from Financing Annual Activity Cr -840424
Net Cash Flow Annual Cr -811
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 14,70814,032
Fixed Assets Annual Cr 13,16410,755
Total Non Current Assets Annual Cr 15,12612,872
Total Current Assets Annual Cr 9,24410,188
Total Assets Annual Cr 24,36923,060
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 34,68833,094
ROE Annual % 55
ROCE Annual % 87
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 1112

Mrf Technicals


Current Price
1101.05 (0.93%)
  • Bullish Moving Average
  • ___
  • 16
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • ₹112,994.90
  • 50 Day
  • ₹110,621.48
  • 100 Day
  • ₹107,742.02
  • 200 Day
  • ₹102,359.71
  • 20 Day
  • ₹112,226.06
  • 50 Day
  • ₹109,918.71
  • 100 Day
  • ₹108,476.36
  • 200 Day
  • ₹100,443.28

Mrf Resistance and Support

First Resistance 119,894.93
Second Resistance 120,739.42
Third Resistance 121,878.83
RSI 82.20
MFI 66.11
MACD Single Line 1,325.14
MACD 2,085.99
First Resistance 117,911.03
Second Resistance 116,771.62
Third Resistance 115,927.13

Mrf Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 8,050 323,127 40.14
Week 7,230 206,278 28.53
1 Month 5,733 214,744 37.46
6 Month 6,377 200,228 31.4

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 50,457
Sales 23,671
Shares in Float 0.31
No of funds 594
Yield 0.15
Book Value 3.45
U/D Vol ratio 0.8
LTDebt / Equity 6
Alpha 0.1
Beta 0.46


Owner NameSep-23Jun-23Mar-23Dec-22
Promoters 27.75%27.77%27.84%27.87%
Mutual Funds 7%7.28%6.83%6.59%
Insurance Companies 3.96%
Foreign Portfolio Investors 19.58%18.77%18.05%18.22%
Financial Institutions/ Banks 0.07%0.17%0.17%0.07%
Individual Investors 12.15%12.36%12.73%12.75%
Others 29.49%33.65%34.38%34.5%

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


Other Analyst Rating

Mrf Corporate Action

Date Purpose Remarks
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
2022-11-08 Quarterly Results & Interim Dividend
Date Purpose Remarks
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
2021-11-19 INTERIM Rs.3.00 per share(30%)Interim Dividend

MRF MF Shareholding

Name Amount(cr)
SBI Equity Hybrid Fund Regular Payout Inc Dist cum Cap Wdrl 59,302
Kotak Flexicap Fund Growth 39,269
Kotak Emerging Equity Scheme Growth 33,700
Kotak Equity Arbitrage Fund Growth 28,958
SBI Arbitrage Opportunities Fund Regular Growth 22,370

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.


What is Share Price of MRF ?

MRF share price is ₹119,050 As on 11 December, 2023 | 18:12

What is the Market Cap of MRF ?

The Market Cap of MRF is ₹50490.5 Cr As on 11 December, 2023 | 18:12

What is the P/E ratio of MRF ?

The P/E ratio of MRF is 29.9 As on 11 December, 2023 | 18:12

What is the PB ratio of MRF ?

The PB ratio of MRF is 3.4 As on 11 December, 2023 | 18:12