MRF Ltd
Madras Rubber Factory Limited (MRF) is the parent company of the MRF Group. The Co is engaged in the business of manufacturing tyres[1]
- Market Cap ₹ 55,221 Cr.
- Current Price ₹ 1,30,238
- High / Low ₹ 1,51,445 / 87,200
- Stock P/E 27.3
- Book Value ₹ 37,328
- Dividend Yield 0.13 %
- ROCE 7.43 %
- ROE 4.87 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.49 times its book value
- The company has delivered a poor sales growth of 9.00% over past five years.
- Company has a low return on equity of 6.19% over last 3 years.
- Dividend payout has been low at 8.04% of profits 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Sep 2011 | Sep 2012 | Sep 2013 | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
9,752 | 11,964 | 12,248 | 13,329 | 20,179 | 13,412 | 14,954 | 16,062 | 16,237 | 16,162 | 19,317 | 23,008 | 24,662 | |
8,942 | 10,692 | 10,468 | 11,384 | 15,743 | 10,763 | 12,665 | 13,744 | 13,855 | 13,208 | 17,256 | 20,604 | 20,466 | |
Operating Profit | 810 | 1,272 | 1,780 | 1,945 | 4,437 | 2,649 | 2,288 | 2,317 | 2,382 | 2,954 | 2,061 | 2,404 | 4,195 |
OPM % | 8% | 11% | 15% | 15% | 22% | 20% | 15% | 14% | 15% | 18% | 11% | 10% | 17% |
429 | 32 | 25 | 63 | 317 | 327 | 330 | 416 | 335 | 205 | 315 | 245 | 293 | |
Interest | 98 | 159 | 196 | 232 | 361 | 257 | 259 | 273 | 301 | 282 | 263 | 326 | 352 |
Depreciation | 248 | 302 | 374 | 424 | 737 | 611 | 707 | 808 | 982 | 1,141 | 1,205 | 1,253 | 1,374 |
Profit before tax | 893 | 843 | 1,235 | 1,353 | 3,656 | 2,109 | 1,653 | 1,652 | 1,434 | 1,737 | 908 | 1,070 | 2,761 |
Tax % | 31% | 31% | 35% | 33% | 31% | 30% | 32% | 32% | 1% | 26% | 26% | 28% | |
619 | 579 | 809 | 908 | 2,509 | 1,486 | 1,132 | 1,131 | 1,423 | 1,277 | 669 | 769 | 2,026 | |
EPS in Rs | 1,458.98 | 1,366.16 | 1,906.58 | 2,141.71 | 5,916.93 | 3,504.33 | 2,668.20 | 2,665.82 | 3,354.22 | 3,011.15 | 1,577.96 | 1,813.09 | 4,776.54 |
Dividend Payout % | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 3% | 5% | 10% | 10% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 9% |
3 Years: | 12% |
TTM: | 10% |
Compounded Profit Growth | |
---|---|
10 Years: | 2% |
5 Years: | -9% |
3 Years: | -21% |
TTM: | 241% |
Stock Price CAGR | |
---|---|
10 Years: | 20% |
5 Years: | 19% |
3 Years: | 19% |
1 Year: | 49% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 8% |
3 Years: | 6% |
Last Year: | 5% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Sep 2011 | Sep 2012 | Sep 2013 | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Reserves | 2,290 | 2,857 | 3,651 | 4,535 | 7,220 | 8,637 | 9,734 | 10,833 | 12,210 | 13,409 | 14,028 | 14,703 | 15,827 |
1,600 | 1,708 | 1,599 | 1,903 | 2,464 | 2,333 | 2,163 | 2,506 | 1,854 | 2,388 | 3,229 | 3,014 | 3,135 | |
2,439 | 2,659 | 3,023 | 3,391 | 3,566 | 4,075 | 4,577 | 5,098 | 5,373 | 6,780 | 5,799 | 6,648 | 6,842 | |
Total Liabilities | 6,333 | 7,228 | 8,278 | 9,833 | 13,254 | 15,048 | 16,478 | 18,441 | 19,442 | 22,582 | 23,060 | 24,369 | 25,809 |
1,972 | 2,919 | 2,974 | 3,436 | 4,608 | 5,502 | 6,092 | 6,786 | 8,870 | 9,441 | 9,522 | 10,118 | 10,980 | |
CWIP | 1,042 | 415 | 359 | 628 | 1,059 | 848 | 1,079 | 1,403 | 1,741 | 1,002 | 1,233 | 3,046 | 3,173 |
Investments | 73 | 429 | 904 | 1,081 | 3,138 | 3,382 | 4,145 | 3,855 | 1,519 | 5,874 | 3,656 | 3,085 | 3,208 |
3,245 | 3,465 | 4,041 | 4,688 | 4,448 | 5,316 | 5,162 | 6,397 | 7,312 | 6,265 | 8,648 | 8,120 | 8,447 | |
Total Assets | 6,333 | 7,228 | 8,278 | 9,833 | 13,254 | 15,048 | 16,478 | 18,441 | 19,442 | 22,582 | 23,060 | 24,369 | 25,809 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Sep 2011 | Sep 2012 | Sep 2013 | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
634 | 1,034 | 1,499 | 1,699 | 3,043 | 1,956 | 2,413 | 1,253 | 2,271 | 4,325 | -578 | 2,755 | |
-1,111 | -977 | -959 | -1,791 | -3,408 | -1,393 | -2,014 | -1,386 | -162 | -5,087 | 169 | -1,922 | |
486 | -51 | -313 | 67 | 212 | -438 | -453 | 42 | -1,032 | -250 | 424 | -840 | |
Net Cash Flow | 9 | 6 | 228 | -24 | -152 | 125 | -53 | -91 | 1,077 | -1,012 | 14 | -6 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Sep 2011 | Sep 2012 | Sep 2013 | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 49 | 44 | 46 | 47 | 33 | 54 | 52 | 54 | 52 | 48 | 44 | 40 |
Inventory Days | 78 | 72 | 83 | 79 | 62 | 118 | 88 | 113 | 110 | 115 | 120 | 98 |
Days Payable | 52 | 41 | 47 | 50 | 36 | 69 | 63 | 64 | 72 | 129 | 60 | 58 |
Cash Conversion Cycle | 75 | 76 | 83 | 76 | 58 | 103 | 78 | 102 | 90 | 34 | 104 | 80 |
Working Capital Days | 49 | 54 | 50 | 47 | 17 | 27 | 16 | 26 | 21 | -13 | 49 | 19 |
ROCE % | 17% | 24% | 29% | 27% | 49% | 23% | 17% | 15% | 13% | 14% | 6% | 7% |
Documents
Announcements
- Compliance Certificate Under Regulation 40(9) And Regulation 61 (4) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 7h
- Chapter XIV - Centralized Database For Corporate Bonds/Debentures - 31.03.2024 2d
- Board Meeting Intimation for To Consider And Approve The Audited Financial Results (Standalone And Consolidated) Of The Company For The Year Ended 31St March, 2024 And Declaration Of Final Dividend 2d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 18 Apr
- Compliance Certificate Under Regulation 7(3) Of The SEBI (LODR) Regulations, 2015 17 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
from nse
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]