MRF
Auto Tyres & Rubber ProductsM.R.F. Ltd.
The MRF or Madras Rubber Factory is India's No.1 tyre manufacturing company which was started in 1946 by Mr. K M Mammen Mappillai as a small toy balloon unit. And much later in November 1960, it ventured into the manufacturing of the tyres, and soon it entered into a technical collaboration with the Tire & Rubber Company of USA.
In 1964, the company established its first overseas office at Beirut, Lebanon to tap the export market. It was among India's very first efforts on the tyre exports. In 1989, the company collaborated with the US-based Hasbro International which is the world's largest toy maker and then launched Funskool India. In the same year, the company entered into a pact with the Vapocure of Australia to manufacture the polyurethane paint formulations and with Pirelli for the Muscleflex conveyor and the elevator belting.
Currently, the MRF exports tyres are spread across 65 countries, which include America, Europe, Middle East, Japan, and the Pacific region as well. It presently has overseas offices in countries such as Dubai, Vietnam, and Australia.
It manufactures various types of tyres for the passenger cars, and two-wheelers, buses, trucks, tractors, and light commercial vehicles and the off–the–road tyres.
The company manufactures its Muscleflex brand of conveyor belting in one of the most advanced state of the art facilities situated across India. By incorporating the latest manufacturing techniques in processes beginning with mixing, and calendaring & the like to manufacturing of the finished products in which all are the in–house, and Muscleflex – conveyor belting has gained rapid acceptance in markets across the globe.
It is the most advanced precured retreading technology system which is available in India. The MRF has also forayed into retreading as far back as in the year 1970. Currently, MRF has perfected the art of recured retreading with its extensive knowledge in both tyres and rubber.
- Trades at a P/E of 28.4, with a return on equity (ROE) of 12.6%.
- MRF is trading below all of its key moving averages (10/20/50/100/200-DMA) — a bearish technical setup.
- Year-to-date it is down 15.18%, and down 14.32% over the past year.
- At ₹1,28,290.00 it sits about 15% of the way up its 52-week range (₹1,22,000.00–₹1,63,600.00).
- Offers a dividend yield of 0.15%.
- Market capitalisation stands at ₹54,411 Cr.
Shareholding data syncs daily.
| Year | Revenue | Net Profit | EPS | NPM |
|---|---|---|---|---|
| Sep 2014 | ₹13,329 Cr | ₹908 Cr | ₹2,132.38 | 6.81% |
| Sep 2013 | ₹12,248 Cr | ₹809 Cr | ₹1,902.00 | 6.61% |
| Sep 2012 | ₹11,964 Cr | ₹579 Cr | ₹1,362.44 | 4.84% |
| Sep 2011 | ₹9,752 Cr | ₹619 Cr | ₹1,455.29 | 6.35% |
| Sep 2010 | ₹7,459 Cr | ₹358 Cr | ₹834.87 | 4.8% |
| Sep 2009 | ₹5,667 Cr | ₹251 Cr | ₹587.23 | 4.43% |
| Sep 2008 | ₹5,049 Cr | ₹143 Cr | ₹334.91 | 2.83% |
| Sep 2007 | ₹4,391 Cr | ₹170 Cr | ₹398.44 | 3.87% |
| Mar 2023 | ₹22,578 Cr | ₹816 Cr | ₹1,924.57 | 3.61% |
| Mar 2022 | ₹18,990 Cr | ₹647 Cr | ₹1,526.35 | 3.41% |
| Mar 2021 | ₹16,162 Cr | ₹1,277 Cr | ₹3,011.15 | 7.9% |
| Mar 2021 | ₹16,162 Cr | ₹1,277 Cr | ₹3,011.15 | 7.9% |
| Company | P/E | Book Value | Sales Growth |
|---|---|---|---|
| BALKRISIND BALKRISHNA INDUSTRIES LTD. | 26.71 | ₹259.54 | 17.66% |
| GRPLTD GRP LTD. | 13.34 | ₹1,021.00 | 4.27% |
| HARRMALAYA HARRISONS MALAYALAM LTD. | 0 | ₹38.53 | 7.45% |
| APOLLOTYRE APOLLO TYRES LTD. | 17.11 | ₹133.78 | 12.15% |
| CEATLTD CEAT LTD. | 12.15 | ₹706.73 | 7.82% |
| GOODYEAR GOODYEAR INDIA LTD. | 21.1 | ₹403.00 | — |
| JKTYRE JK TYRE & INDUSTRIES LTD. | 6.96 | ₹87.68 | 9.33% |
| TVSSRICHAK TVS SRICHAKRA LTD. | 15.03 | ₹970.47 | 7.35% |
| Date | Client | Type | Qty | Price |
|---|---|---|---|---|
| 03 Nov 2022 | ISHARES CORE EMERGING MARKETS MAURITIUS CO | SALE | 2,302 | ₹90,552.00 |
| 03 Nov 2022 | ISHARES CORE MSCI EMERGING MARKETS ETF | PURCHASE | 2,302 | ₹90,552.00 |
| 25 Oct 2022 | ISHARES CORE EMERGING MARKETS MAURITIUS CO | SALE | 2,146 | ₹86,291.55 |
| 25 Oct 2022 | ISHARES CORE MSCI EMERGING MARKETS ETF | PURCHASE | 2,146 | ₹86,291.55 |
| 17 Oct 2022 | ISHARES CORE EMERGING MARKETS MAURITIUS CO | SALE | 3,371 | ₹81,350.15 |
| 17 Oct 2022 | ISHARES CORE MSCI EMERGING MARKETS ETF | PURCHASE | 3,371 | ₹81,350.15 |
| 11 Oct 2022 | ISHARES CORE EMERGING MARKETS MAURITIUS CO | SALE | 2,472 | ₹82,302.10 |
| 11 Oct 2022 | ISHARES CORE MSCI EMERGING MARKETS ETF | PURCHASE | 2,472 | ₹82,302.10 |
| 19 Sept 2022 | ISHARES CORE EMERGING MARKETS MAURITIUS CO | SALE | 1,680 | ₹86,112.85 |
| 19 Sept 2022 | ISHARES CORE MSCI EMERGING MARKETS ETF | PURCHASE | 1,680 | ₹86,112.85 |
| 01 Aug 2022 | ISHARES INDIA INDEX MAURITIUS COMPANY | SALE | 2,253 | ₹83,818.15 |
| 01 Aug 2022 | ISHARES MSCI INDIA ETF | PURCHASE | 2,253 | ₹83,818.15 |
Fundamentals, financials & technicals sourced from niftytrader.in, cached and refreshed periodically.