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 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 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 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 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 MRF Ltd
Stock/Share Code - MRF
Market Cap ₹26,880 Cr. Current Price ₹62,092.1 as on 4 Dec 19 52 Week High / Low Price ₹69,900 / ₹51,586.3 Face Value ₹10 Stock P/E 25.31 Book Value ₹26,184 Dividend Yield 0.09 % ROCE 13.96 % ROE 9.49 % Sales Growth (3yrs) -7.31 % Sector Tyres Industry Tyres Listed on BSE AND NSE Company Website Company Website 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 25.31 ₹26,880.35 Cr. 0.09 ₹220.36 Cr. -16.23 1.39 3947.57 13.96 2. Balkrishna Inds ₹29.7 22.12 ₹17,906 Cr. 0.86 ₹294.31 Cr. 39.95 -17.32 1084.28 22.08 3. Apollo Tyres ₹69.65 15.13 ₹9,613.3 Cr. 1.93 ₹83.07 Cr. -52.71 -6.38 3985.80 8.74 4. CEAT ₹919.6 13.71 ₹3,809.79 Cr. 1.27 ₹43.98 Cr. -30.99 -4.55 1691.55 13.38 5. Goodyear India ₹72.2 19.84 ₹2,234.33 Cr. 1.34 ₹37.79 Cr. 31.49 -7.20 454.08 19.31 6. JK Tyre & Indust ₹72.75 6.00 ₹1,728.54 Cr. 2.14 ₹170.1 Cr. 160.20 -13.59 2154.95 10.52 7. TVS Srichakra ₹1,719.5 15.72 ₹1,350.88 Cr. 2.27 ₹19.59 Cr. -31.00 -13.69 557.24 18.11 8. Modi Rubber ₹16.05 23.85 ₹93.27 Cr. 0.00 ₹14.11 Cr. 727.11 -17.89 1.01 1.60
Talk to our investment specialistMRF Ltd Fundamentals
Quarterly Results
Rs. Crores
Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Sales 3,176 3,338 3,567 3,591 3,799 3,836 3,836 3,894 4,034 4,073 4,410 3,948 YOY Sales Growth % -0.76% -1.42% 2.43% 10.51% 19.61% 14.89% 7.56% 8.42% 6.18% 6.2% 14.94% 1.39% Expenses 2,610 2,816 3,292 2,985 3,096 3,179 3,260 3,347 3,482 3,502 3,807 3,407 Material Cost % 57.04% 59.83% 67.5% 59.99% 58.42% 59.63% 60.45% 60.8% 61.32% 60.92% 61.15% 59.45% Employee Cost % 7.89% 7.57% 7.19% 7.5% 7.29% 7.09% 7.09% 7.4% 7.39% 7.03% 7% 8.36% Operating Profit 566 523 275 606 703 656 576 546 552 571 603 541 OPM % 18% 16% 8% 17% 19% 17% 15% 14% 14% 14% 14% 14% Other Income 74 65 89 69 45 109 71 111 126 109 105 95 Interest 61 62 63 60 58 65 63 64 63 57 68 66 Depreciation 154 162 167 174 178 187 187 200 205 215 228 237 Profit before tax 425 364 135 441 513 514 397 394 409 409 412 332 Tax % 32% 21% 21% 32% 34% 33% 34% 33% 32% 28% 35% 34% Net Profit 288 287 107 300 341 345 261 263 279 294 269 220 EPS in Rs 679.27 676.18 251.19 707.18 802.88 814.21 614.80 620.21 658.47 692.83 633.14 519.59 Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Profit & Loss
Rs. Crores
Sep 2007 Sep 2008 Sep 2009 Sep 2010 Sep 2011 Sep 2012 Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM Sales 4,389 5,045 5,662 7,453 9,743 11,867 12,131 13,197 19,887 13,252 14,775 15,836 16,464 Sales Growth % 18.17% 14.94% 12.24% 31.62% 30.73% 21.8% 2.23% 8.79% 50.69% -33.36% 11.49% 7.18% % Expenses 3,955 4,638 4,980 6,623 8,934 10,606 10,364 11,269 15,515 10,652 12,547 13,586 14,198 Material Cost % 67.69% 68.55% 65.52% 67.3% 72.95% 70.39% 65.12% 63.49% 56.25% 56.59% 61.37% 60.88% % Manufacturing Cost % 8.18% 9.83% 8.91% 9.12% 8.21% 8.53% 8.53% 8.97% 8.74% 9.17% 9% 10% % Employee Cost % 5.36% 5.36% 5.48% 4.98% 4.59% 4.33% 4.97% 5.55% 6.33% 7.42% 7.27% 7.23% % Other Cost % 8.87% 8.21% 8.03% 7.47% 5.95% 6.12% 6.81% 7.37% 6.69% 7.2% 7.28% 7.68% % Operating Profit 434 406 682 829 809 1,261 1,767 1,928 4,371 2,600 2,228 2,250 2,267 OPM % 10% 8% 12% 11% 8% 11% 15% 15% 22% 20% 15% 14% 14% Other Income 29 41 34 29 430 32 29 65 321 325 328 417 435 Interest 49 66 69 63 98 159 196 232 352 250 250 253 255 Depreciation 153 170 249 261 248 301 373 423 735 609 705 806 885 Profit before tax 261 211 398 535 894 833 1,227 1,339 3,606 2,066 1,602 1,609 1,561 Tax % 34% 32% 36% 34% 31% 31% 35% 33% 31% 30% 32% 32% Net Profit 172 145 253 354 619 572 802 898 2,474 1,451 1,092 1,097 1,062 EPS in Rs 401.75 337.55 592.53 826.57 1,456.83 1,345.84 1,886.95 2,107.80 3,889.82 3,402.06 2,576.16 2,586.99 2,504.03 Dividend Payout % 5% 6% 4% 6% 2% 2% 2% 2% 2% 2% 2% 2% Compounded Sales Growth
Compounded Profit Growth
Return on Equity
Balance Sheet
Rs. Crores
Sep 2007 Sep 2008 Sep 2009 Sep 2010 Sep 2011 Sep 2012 Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019 Share Capital 4 4 4 4 4 4 4 4 4 4 4 4 4 Equity Capital 4.24 4.24 4.24 4.24 4.24 4.24 4.24 4.24 4.24 4.24 4.24 4.24 4.24 Reserves 982 1,117 1,357 1,686 2,294 2,854 3,641 4,513 7,157 8,540 9,600 10,649 11,101 Borrowings 835 1,249 672 1,354 1,600 1,708 1,599 1,903 2,067 2,072 1,701 1,868 1,199 Other Liabilities 714 1,012 734 964 2,451 2,664 3,039 3,402 3,982 4,409 5,094 5,771 6,839 Trade Payables 414.81 629.41 489.07 663.33 581.82 614.53 701.42 1139.62 1528.82 1677.08 1998.96 2327.64 2658.72 Total Liabilities 2,535 3,382 2,768 4,009 6,349 7,229 8,283 9,823 13,210 15,025 16,399 18,292 19,142 Fixed Assets 657 867 934 1,329 1,971 2,914 2,970 3,429 4,594 5,488 6,075 6,768 6,714 Gross Block 2046.74 2422.56 2734.33 3367.9 3831.82 5062.51 5475.02 6327.76 5248.16 6713.13 7949.04 9372.69 Accumulated Depreciation 1389.99 1556.01 1800.77 2038.99 1860.44 2148.71 2505.48 2899.07 654.36 1225.55 1873.73 2605.17 CWIP 243 444 285 498 1,042 415 359 627 1,058 847 1,079 1,403 2,677 Investments 72 69 149 73 73 425 906 1,088 3,147 3,394 4,146 3,848 3,410 Other Assets 1,563 2,004 1,401 2,110 3,262 3,476 4,048 4,679 4,410 5,296 5,099 6,273 6,342 Inventories 693.34 984.28 650.47 1110.68 1526.02 1645.59 1795.29 1799.7 1879.74 2392.92 2172.07 2950.93 2970.78 Trade receivables 551.92 610.05 580.03 811.49 1308.86 1454.09 1556.14 1708.47 1831.72 1959.95 2135.92 2361.62 2274.21 Cash Equivalents 73.17 102.35 59.89 45.18 55.98 61.1 330.81 707.67 80.45 274.42 138.63 60.07 68.54 Loans n Advances 244.5 307.03 110.34 142.29 201.3 227.8 192.96 197.11 370.17 346.49 293.3 241.53 30.6 Other Assets etc 0 0 0 0 170.17 87.69 173.01 266.38 248.27 322.53 358.64 658.47 997.8 Total Assets 2,535 3,382 2,768 4,009 6,349 7,229 8,283 9,823 13,210 15,025 16,399 18,292 19,142 Cash Flows
Rs. Crores
Sep 2007 Sep 2008 Sep 2009 Sep 2010 Sep 2011 Sep 2012 Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Cash from Operating Activity 306 269 847 158 634 1,023 1,476 1,687 3,407 1,790 2,529 1,380 Profit from operations 457.21 450.08 709.45 845.68 824.06 1280.15 1780.33 1943.47 4398.7 2616.89 2319.05 2378.3 Working Capital Changes -70.85 -87.54 238.64 -468.28 -41.63 -18.77 -0.65 151.32 169.59 -427.08 675.33 -593.38 Taxes paid -80.22 -93.54 -101.33 -219.9 -148.74 -238.61 -303.33 -407.95 -1161.06 -399.62 -465.41 -404.7 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 -337.55 -583.63 -162.28 -869.65 -1126.04 -616.19 -429.4 -1242.26 -2303.15 -1364.76 -1529.8 -1960.32 Fixed Assets Sold 0.44 3.57 0.59 2.75 13.48 0.63 2.11 0.26 3.33 1.18 2.65 0.42 Investments purchased 0 0 -73.07 0 0 -352.01 -472.16 -654 -2342.14 0 -2997.46 -2116.46 Investments sold 0.63 12.34 0 78.98 0.37 0 0 491.78 727.26 30.35 2476.56 2718.5 Cash from Financing Activity 49 326 -657 614 486 -51 -313 67 -179 -295 -639 -112 Proceeds from Borrowings 76.97 347.78 0 630.67 127.75 118.65 0 0 0 0 0 0 Repayment of Borrowings -4.34 -8.39 -668.17 0 -252.7 0 -52.49 0 0 0 0 0 Interest Paid -49.9 -63.14 -70.97 -61.36 -58.31 -148.07 -191.19 -221.7 -314.63 -241.54 -241.08 -246.42 Dividends Paid -9.69 -9.87 -9.8 -12.39 -24.41 -12.32 -12.35 -14.89 -26.7 -51.03 -30.61 -30.66 Net Cash Flow 20 29 -42 -15 9 5 226 -31 -178 101 -80 -41
Talk to our investment specialistRatios
Sep 2007 Sep 2008 Sep 2009 Sep 2010 Sep 2011 Sep 2012 Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 ROCE % 18% 13% 21% 23% 17% 23% 29% 27% 50% 23% 17% 14% Debtor Days 46 44 37 40 49 45 47 47 34 54 53 54 Inventory Turnover 6.97 6.01 6.93 8.46 7.39 7.48 7.05 7.34 10.81 6.20 6.47 6.18 Announcements & News
Recent Announcements
Credit Ratings
Annual Reports
How to Invest in Mutual Funds SIP Online?