MRF is a limited company, incorporated on November 05, 1960 in India, whose shares are publicly traded. MRF’s origin traces back to the humble shack in Madras that housed its first makeshift toy balloon manufacturing unit set up by KM Mammen Mappillai...
MRF Ltd's earnings have declined by -4.8%, whereas share price has appreciated 11.8% CAGR over the past five years, indicating the company’s share price is likely overvalued. However, for specific investment actions please consult your investment advisor.
MRF Ltd share price has appreciated 28.2% annually (CAGR) over the past ten years.
Past 10 years financial track record analysis and assessment of future prospects by Moneyworks4me indicates that MRF Ltd is a good long term investment. However, you need to ensure you buy at a right price to earn good returns.
MRF is a limited company, incorporated on November 05, 1960 in India, whose shares are publicly traded. MRF’s origin traces back to the humble shack in Madras that housed its first makeshift toy balloon manufacturing unit set up by KM Mammen Mappillai in 1946. It was not until 1952 when it changed course and turned to tread rubber manufacturing. Thus began its glorious reign as the undisputed leader in the tyre making industry.
By the early 60’s, MRF was exporting its quality tyres to offices overseas in multiple countries and soon its presence was known globally in different countries - with tyres rolling out of various facilities built across large acres, many strong dealer networks and in many different offices.
MRF’s passion for motorsports is seen through its involvement in racing, karting, rallying and various other motorsport events. Its rallying team has won the prestigious FIA Asia Pacific Rally Championship twice and even in international championships, MRF karting tyres homologated by FIA, is the preferred choice. The company is India’s largest tyre manufacturer and ranked amongst the Top 20 Global Manufacturers, with 10 state-of-the-art factories across India.
Business area of the company
MRF is engaged in the manufacturing, distribution and sale of tyres for various kinds of vehicles. The company offers tyre shopping, tyredrome and tyre maintenance services. It provides an institute for driver development. It is also India’s largest Original Equipment Manufacturer (OEM) tyre supplier with an expansive tyre range from two-wheelers to fighter aircrafts.
Awards & Achievements
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