1. Is MRF Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that MRF Ltd is a average quality company.
2. Is MRF Ltd undervalued or overvalued?
The key valuation ratios of MRF Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
3. Is MRF Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of MRF Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||16.4%||19.7%||18.6%||35.3%||16.5%||11.7%||10.9%||12.5%||10.7%||5.7%||-|
|Value Creation Index ⓘ||NA||0.5||0.4||1.6||0.5||0.0||-0.0||0.1||-0.1||-0.5||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||2.2%||8.8%||0.5%||-0%||11.5%||7.2%||1%||-0.4%||19.3%||-|
|Adj EPS ⓘ||1,375.1||1,958.6||2,176.3||3,955.1||3,455||2,618.1||2,641||3,336.2||3,035.6||1,606.3||1,270.8|
|YoY Gr. Rt. %||-||42.4%||11.1%||81.7%||-12.6%||-24.2%||0.9%||26.3%||-9%||-47.1%||-|
|BVPS (₹) ⓘ||6,740.1||8,597||10,654.8||11,259.8||20,151.9||22,651.4||25,125.7||28,312.2||31,082.2||32,493.6||32,919.2|
|Adj Net Profit ⓘ||583||831||923||1,677||1,465||1,110||1,120||1,415||1,287||681||539|
|Cash Flow from Ops. ⓘ||1,023||1,476||1,687||2,271||1,790||2,529||1,380||2,078||4,687||-657||-|
|Debt/CF from Ops. ⓘ||1.7||1.1||1.1||0.6||1.2||0.7||1.4||0.7||0.2||-3||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||1.7%||-14.2%||-15.3%||-47.1%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||22.6||25.6||22.6||43.1||18.7||12.2||11.1||12.5||10.2||5.1||3.9|
|Op. Profit Mgn % ⓘ||10.9||14.9||15||22.3||19.8||15.3||14.5||14.8||18.6||10.9||9.2|
|Net Profit Mgn % ⓘ||4.9||6.9||7||12.7||11.1||7.5||7.1||8.9||8.1||3.6||2.5|
|Debt to Equity ⓘ||0.6||0.4||0.4||0.3||0.2||0.2||0.2||0.1||0.1||0.1||0.1|
|Working Cap Days ⓘ||92||96||95||68||114||118||127||138||132||133||156|
|Cash Conv. Cycle ⓘ||63||65||62||40||69||72||79||84||72||76||40|
Sales growth is good in last 4 quarters at 17.38%
Return on Equity has declined versus last 3 years average to 3.90%
Sales growth has been subdued in last 3 years 6.24%
Net Profit has been subdued in last 3 years -15.27%
|TTM EPS (₹)||1,270.8||1,339.4|
|TTM Sales (₹ Cr.)||21,348||21,747|
|BVPS (₹.) ⓘ||32,919.2||33,565.3|
|Reserves (₹ Cr.) ⓘ||13,957||14,231|
|From the Market|
|52 Week Low / High (₹)||62944.50 / 95954.35|
|All Time Low / High (₹)||11.00 / 98575.90|
|Market Cap (₹ Cr.)||39,108|
|Equity (₹ Cr.)||4.2|
|Face Value (₹)||10|
|Industry PE ⓘ||44.1|
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