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Fincash » Search » MRF Ltd

MRF Ltd

Updated on August 3, 2020

Stock/Share Code - MRF

MRF Ltd is Indias largest tyre manufacturer and ranked amongst the Top 20 Global Manufacturers, with 9 state-of-the-art factories across India. It is also Indias largest Original Equipment Manufacturer (OEM) tyre supplier with an expansive tyre range from two-wheelers to fighter aircrafts.

Below is the details of MRF MRF Ltd

Market Cap₹25,064 Cr.
Current Price ₹62,702.8 as on 7 Aug 20
52 Week High / Low Price₹73,565.7 / ₹49,915.1
Face Value₹10
Stock P/E24.59
Book Value₹26,184
Dividend Yield0.10 %
ROCE13.96 %
ROE9.49 %
Sales Growth (3yrs)-7.31 %
SectorTyres
IndustryTyres
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company has reduced debt. Company is virtually debt free.
Cons: The company has delivered a poor growth of 5.48% over past five years. Promoter holding is low: 27.88% Company has a low return on equity of 12.95% for last 3 years. Dividend payout has been low at 2.13% of profits over last 3 years

MRF Ltd Price Chart

MRF Ltd Price Chart

MRF Ltd Peer Comparison in Tyres

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. MRF 24.59 ₹25,063.95 Cr. 0.10 ₹236.63 Cr. -15.27 -0.62 4008.89 13.96
2. Balkrishna Inds ₹18.15 23.68 ₹20,856.99 Cr. 1.85 ₹223.8 Cr. 48.23 -3.51 1155.76 22.08
3. Apollo Tyres ₹123.75 11.66 ₹5,554.61 Cr. 3.35 ₹77.86 Cr. -52.87 -15.53 3610.14 8.74
4. CEAT ₹890.8 13.14 ₹3,276.26 Cr. 1.48 ₹51.88 Cr. -29.47 -10.63 1573.41 13.38
5. Goodyear India ₹272.95 15.70 ₹1,613.75 Cr. 1.86 ₹11.88 Cr. -45.23 -8.15 426.26 19.31
6. JK Tyre & Indust ₹65.55 4.94 ₹1,289.02 Cr. 2.87 ₹10.95 Cr. -71.90 -19.44 2199.80 10.52
7. TVS Srichakra ₹1,485.8 14.21 ₹1,077.92 Cr. 2.84 ₹12.78 Cr. -44.91 -15.35 509.44 18.11
8. Birla Tyres ₹22.3 ₹228.86 Cr. 0.00 Cr.

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MRF Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019
Sales -3,3383,5673,5913,7993,8363,8363,8944,0344,0734,4103,9484,009
YOY Sales Growth %-1.42%2.43%10.51%19.61%14.89%7.56%8.42%6.18%6.20%14.94%1.39%-0.62%
Expenses -2,8163,2922,9853,0963,1793,2603,3473,4823,5023,8073,4073,399
Material Cost %60%68%60%58%60%60%61%61%61%61%59%60%
Employee Cost %8%7%8%7%7%7%7%7%7%7%8%8%
Operating Profit523275606703656576546552571603541610
OPM %16%8%17%19%17%15%14%14%14%14%14%15%
Other Income65896945109711111261091059573
Interest626360586563646357686670
Depreciation162167174178187187200205215228237249
Profit before tax364135441513514397394409409412332364
Tax %21%21%32%34%33%34%33%32%28%35%34%35%
Net Profit287107300341345261263279294269220237
EPS in Rs676.18251.19707.18802.88814.21614.80620.21658.47692.83633.14519.59557.95
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Sep 2007Sep 2008Sep 2009Sep 2010Sep 2011Sep 2012Sep 2013Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019TTM
Sales -4,3895,0455,6627,4539,74311,86712,13113,19719,88713,25214,77515,83616,439
Sales Growth %18.17%14.94%12.24%31.62%30.73%21.80%2.23%8.79%50.69%-33.36%11.49%7.18%
Expenses -3,9554,6384,9806,6238,93410,60610,36411,26915,51510,65212,54713,58614,114
Material Cost %68%69%66%67%73%70%65%63%56%57%61%61%
Manufacturing Cost %8%10%9%9%8%9%9%9%9%9%9%10%
Employee Cost %5%5%6%5%5%4%5%6%6%7%7%7%
Other Cost %9%8%8%7%6%6%7%7%7%7%7%8%
Operating Profit4344066828298091,2611,7671,9284,3712,6002,2282,2502,325
OPM %10%8%12%11%8%11%15%15%22%20%15%14%14%
Other Income29413429430322965321325328417382
Interest4966696398159196232352250250253262
Depreciation153170249261248301373423735609705806929
Profit before tax2612113985358948331,2271,3393,6062,0661,6021,6091,516
Tax %34%32%36%34%31%31%35%33%31%30%32%32%
Net Profit1721452533546195728028982,4741,4511,0921,0971,019
EPS in Rs401.75337.55592.53826.571,456.831,345.841,886.952,107.803,889.823,402.062,576.162,586.992,403.51
Dividend Payout %5%6%4%6%2%2%2%2%2%2%2%2%

Compounded Sales Growth

  • 10 Years:: 12.12%
  • 5 Years:: 5.48%
  • 3 Years:: -7.31%
  • TTM:: 5.39%

Compounded Profit Growth

  • 10 Years:: 21.37%
  • 5 Years:: 3.69%
  • 3 Years:: -26.57%
  • TTM:: -11.24%

Return on Equity

  • 10 Years:: 23.30%
  • 5 Years:: 11.21%
  • 3 Years:: -4.43%
  • 1 Year:: 6.96%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Sep 2007Sep 2008Sep 2009Sep 2010Sep 2011Sep 2012Sep 2013Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Sep 2019
Share Capital -4444444444444
Equity Capital4.244.244.244.244.244.244.244.244.244.244.244.24
Reserves9821,1171,3571,6862,2942,8543,6414,5137,1578,5409,60010,64911,101
Borrowings8351,2496721,3541,6001,7081,5991,9032,0672,0721,7011,8681,199
Other Liabilities -7061,0067349642,4382,6473,0133,3773,9424,3094,9975,7076,839
Trade Payables4156294896635826157011,1401,5291,6771,9992,3282,659
Advance from Customers000015262837303500
Other liability items2923762453001,8412,0062,2842,2002,3832,5972,9983,3794,180
Total Liabilities2,5283,3762,7684,0096,3367,2128,2579,79713,17014,92516,30218,22819,142
Fixed Assets -6578679341,3291,9712,9142,9703,4294,5945,4886,0756,7686,714
Gross Block2,0472,4232,7343,3683,8325,0635,4756,3285,2486,7137,9499,373
Accumulated Depreciation1,3901,5561,8012,0391,8602,1492,5052,8996541,2261,8742,605
CWIP2434442854981,0424153596271,0588471,0791,4032,677
Investments726914973734259061,0883,1473,3944,1463,8483,410
Other Assets -1,5561,9971,4012,1103,2503,4594,0234,6544,3705,1965,0016,2096,342
Inventories6939846501,1111,5261,6461,7951,8001,8802,3932,1722,9512,971
Trade receivables5526105808111,3091,4541,5561,7081,8321,9602,1362,3622,274
Cash Equivalents7310260455661331708802741396069
Loans n Advances24430711014220122819319737034629324231
Other asset items-7-70015771147241208222261594998
Total Assets2,5283,3762,7684,0096,3367,2128,2579,79713,17014,92516,30218,22819,142

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Sep 2007Sep 2008Sep 2009Sep 2010Sep 2011Sep 2012Sep 2013Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019
Cash from Operating Activity -3062698471586341,0231,4761,6873,4071,7902,5291,380
Profit from operations4574507098468241,2801,7801,9434,3992,6172,3192,378
Receivables10-3822-262-560-82-107-174-129-130-170-230
Inventory-128-291334-460-415-120-150-4-80-513221-779
Payables47241-11725493450121212402176354343
Loans Advances0000000163000
Direct taxes-80-94-101-220-149-239-303-408-1,161-400-465-405
Other operating items00000132135102-274127073
Cash from Investing Activity --335-566-232-786-1,111-966-937-1,785-3,406-1,394-1,970-1,310
Fixed assets purchased-338-584-162-870-1,126-616-429-1,242-2,303-1,365-1,530-1,960
Fixed assets sold0413131203130
Investments purchased00-7300-352-472-654-2,3420-2,997-2,116
Investments sold112079000492727302,4772,718
Investment income000000000000
Interest received1121116336525229
Dividends received000000000000
Invest in subsidiaries0000000-6-6000
Other investing items000000-44-407450-865639
Cash from Financing Activity -49326-657614486-51-31367-179-295-639-112
Proceeds from debentures00007000000000
Redemption of debentures0000000-65-135000
Proceeds from borrowings773480631128119000000
Repayment of borrowings-4-8-6680-2530-5200000
Proceeds from deposits3860926300000000
Interest paid fin-50-63-71-61-58-148-191-222-315-242-241-246
Dividends paid-10-10-10-12-24-12-12-15-27-51-31-31
Financial liabilities000-5-60000000
Other financing items-20000-10-57369298-3-367165
Net Cash Flow2029-42-1595226-31-178101-80-41

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Ratios

Sep 2007Sep 2008Sep 2009Sep 2010Sep 2011Sep 2012Sep 2013Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019
ROCE %18%13%21%23%17%23%29%27%50%23%17%14%
Debtor Days464437404945474734545354
Inventory Turnover6.976.016.938.467.397.487.057.3410.816.206.476.18

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate as per time to time filling by company to exchanges. However, no guarantees are made regarding correctness of data. Investors are advised to validate/check information with exchanges or companies website before making any investment decisions.