Despite a 16.4% year-to-date dip, tyre manufacturer MRF maintains a premium position in the market, driven by its dominant market share, financial profitability, and robust brand reputation, with a lower P/E ratio compared to Nifty Auto.
MRF Limited
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MRF successfully overturned a tax dispute worth approximately ₹182 crores, as the tribunal has nullified the initial demands totaling ₹89.6 crores (FY15-16) and ₹92.5 crores (FY16-17). No significant changes in key management litigations were reported following this decision.
MRF takes the lead in dividend distribution for FY26, paying out a substantial ₹2,290 per share. Britannia and L&T follow with ₹90.5 and ₹38 respectively, while SBI offers ₹17.35. Meanwhile, Titan and Tata Consumer also announce dividends of ₹15/share and ₹10, reflecting their robust financials and steady cash flows.
MRF's Q4 net profit climbed by 38%, reaching ₹702 crore, driven by a 14% increase in revenue compared to the same period last year, reaching approximately ₹8,044 crore.
Motilal Oswal maintains a sell recommendation for MRF due to perceived high valuations following Q4 earnings, with the target price being revised downward. Further details can be found within a premium content area on NDTV Profit, requiring subscription access.
MRF warns about escalating costs due to ongoing Middle Eastern conflicts, impacting both raw materials and supply chains. The company anticipates these pressures and disruptions to be long-lasting.
Kotak Institutional Equity has increased their price target for MRF shares to ₹1.25 lakh from ₹1.20 lakh, suggesting potential growth but also warning of possible margin pressures due to rising crude and rubber prices. This could potentially slow MRF's performance compared to its peers.
Today marks the release of Q4 results for major companies including SBI, Titan, ABB India, BoB, MCX, Biocon, Dabur, Lupin, and MRF. Stocks to watch out for include Ujjivan Small Finance Bank, Kalyan Jewellers, BSE, KVB, TCP, ACME, with Hyundai and Swiggy also gaining attention.
MRF has reported a significant 38% increase in its Q4 profits. In response to challenges from the Middle East affecting their operations, they are considering price increases.
MRF has issued a warning about the potential negative impact of a weaker-than-expected monsoon on consumer demand, suggesting that discretionary spending and purchases linked to mobility could see a downturn as a result.
MRF reports a significant increase in Q2 profit, reaching ₹680 crores compared to last year's ₹498 crores, with revenue also climbing from ₹6,945 crores to ₹7,908 crores. The company has announced a final dividend of ₹229 per share and a boost in operating profit to ₹124 crores, marking an improvement in the operational margin to 43.7%.
MRF's Q4 profits surged to ₹7 billion, marking a significant increase from last year's ₹5.1 billion and slightly outperforming the estimated ₹7.1 billion. This positive development indicates a strong finish for the tyre manufacturer.
MRF's Q4 profits surged by 37% and the company announced a dividend. Improved margins were also reported, with further details expected in the complete report. The record date for dividends has been disclosed, awaiting full story release for more information.
MRF has declared a dividend of INR 229 per share, indicating that shareholders will receive a significant distribution from the company.
MRF has declared a dividend of INR 229 alongside their Q4 financial results, marking a 43% increase in profits compared to the previous year. This move suggests a strong performance and positive outlook for the company.
Bharat Forge, Biocon, MRF, and other listed companies like Dabur, Escorts Kubota, Lupin, and Pidilite are set to announce their Q4 earnings today. Notable projections include a profit of approximately Rs 369.8 crore for Bharat Forge, Rs 223.2 crore for Biocon, Rs 1,202 crore for Lupin, and a revenue of around Rs 8,112 crore for MRF. Dabur is expected to maintain a margin at 15.1%.
MRF Ltd.'s valuation has adjusted to a fair level, mirroring recent market shifts. However, the price correction has caused investor sentiment to become more cautious, potentially reducing its attractiveness for investors.
MRF Limited has successfully issued a ₹150 crore bond through private placement, now available for trading on the National Stock Exchange (NSE). The company's credit rating remains AAA with a stable outlook, indicating strong financial health, and the bonds will be redeemed by February 2026.
MRF has announced the issuance of a Rs 150 crore debenture on February 24, 2023, maturing in February 2026, at an annual interest rate of 6.87%. The debt does not include any embedded options and will pay out the interest annually.