MRF Ltd.

NSE: MRF  SECTOR: Tyres & Allied

75982.1
-238.6 (-0.31%)

Price Summary

Today's High

₹ 77488.7

Today's Low

₹ 74381

52 Week High

₹ 81000

52 Week Low

₹ 50000

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

Company Essentials

Market Cap

32225.09515403 Cr.

Enterprise Value

32483.34515403 Cr.

No. of Shares

0.4241143 Cr.

P/E

24.3

P/B

2.61

Face Value

₹ 10

Div. Yield

0.13%

Book Value (TTM)

₹  29154.9263

CASH

1106.85 Cr.

DEBT

1365.1 Cr.

Promoter Holding

27.88%

EPS (TTM)

₹  3126.9401

Sales Growth

0.973290395908322%

ROE

12.3135453147171 %

ROCE

12.9800936722922 %

Profit Growth

8.723455613546 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

Sales Growth (in Cr.)

1 Year0.97%
3 Year6.46%
5 Year3.91%

Profit Growth (in Cr.)

1 Year27.18%
3 Year-1.31%
5 Year9.21%

ROE%

1 Year12.31%
3 Year11.73%
5 Year19.2%

ROCE %

1 Year12.98%
3 Year15.17%
5 Year23.89%

Debt/Equity

0.1137

Price to Cash Flow

15.5

Interest Cover Ratio

5.98031818343595

CFO/PAT (5 Yr. Avg.)

1.53499542368281

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2020 27.88 0
Dec 2019 27.77 0.03
Sep 2019 27.75 0.03
Jun 2019 27.73 0.03
Mar 2019 27.74 0.03
* Figures given above are % of equity capital

 Strengths

  • Company’s PEG ratio is 0.894067459821256.
  • The company has an efficient Cash Conversion Cycle of 83.7868474438758 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.53499542368281.

 Limitations

  • The company has shown a poor profit growth of -1.30566883203151% for the Past 3 years.
  • The company has shown a poor revenue growth of 6.46256600175676% for the Past 3 years.
  • Tax rate is low at 0.310150644598805.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
Net Sales 3947.57 4008.89 3625.18 2430.57 4186.35
Total Expenditure 3406.82 3398.69 3055.25 2099.06 3331.91
Operating Profit 540.75 610.2 569.93 331.51 854.44
Other Income 94.8 73.34 57.48 43.04 44.28
Interest 66.49 70.44 69.15 73.7 52.76
Depreciation 237.2 248.97 266.45 272.95 283.93
Exceptional Items 0 0 0 0 0
Profit Before Tax 331.86 364.13 291.81 27.9 562.03
Tax 111.5 127.5 -377.66 10.85 159
Profit After Tax 220.36 236.63 669.47 17.05 403.03
Adjusted EPS (Rs) 51.97 55.81 157.89 4.02 95.05

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Net Sales 19887.24 13252.22 14775.9 15837 15991.14
Total Expenditure 15515.82 10655.47 12547.58 13586.56 13660.73
Operating Profit 4371.42 2596.75 2228.32 2250.44 2330.41
Other Income 321.17 328.61 328.5 417.47 330.5
Interest 351.88 249.84 249.57 252.75 280.97
Depreciation 734.76 609.15 705.34 806.27 980.62
Exceptional Items 0 0 0 0 0
Profit Before Tax 3605.95 2066.37 1601.91 1608.89 1399.32
Tax 1132.05 615.29 509.63 512.02 4.34
Net Profit 2473.9 1451.08 1092.28 1096.87 1394.98
Adjusted EPS (Rs.) 5834.67 3422.36 2576.13 2586.96 3290.05

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 4.24 4.24 4.24 4.24 4.24
Total Reserves 7156.97 8540.18 9599.96 10649.06 12000.11
Borrowings 1486.45 1238.32 1319.33 1054.73 779.03
Other N/C liabilities 513.16 666.17 829.83 1083.29 1195.11
Current liabilities 4008.93 4476.21 4548.44 5436.36 5175.62
Total Liabilities 13169.75 14925.12 16301.8 18227.68 19154.11
Assets
Net Block 4593.8 5487.58 6075.31 6767.52 8849.18
Capital WIP 1058.4 846.96 1078.84 1403.19 1734.56
Investments 1044.64 1080.57 1092.42 1078 26.53
Loans & Advances 246.96 322.52 356.55 657.42 585.76
Other N/C Assets 1.31 0.01 2.09 1.05 0.27
Current Assets 6224.64 7187.48 7696.59 8320.5 7957.81
Total Assets 13169.75 14925.12 16301.8 18227.68 19154.11
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Profit Before Tax 3605.95 2066.37 1601.91 1608.89 1399.32
Adjustment 792.75 550.52 717.14 789.17 1038.73
Working Capital Changes 169.59 -427.08 675.33 -613.14 75.42
Tax Paid -1161.06 -399.62 -465.41 -404.7 -434.43
Operating Cash Flow 3407.23 1790.19 2528.97 1380.22 2079.04
Investing Cash Flow -3406.22 -1393.89 -1969.64 -1309.83 -168.31
Financing Cash Flow -178.74 -295.31 -638.89 -111.66 -864.02
Net Cash Flow -177.73 100.99 -79.56 -41.27 1046.71

Corporate Actions

Ratings & Research Reports

Company Presentations

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Company News

MRF Stock Price Analysis and Quick Research Report. Is MRF an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). MRF has a PE ratio of 24.2991862875787 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. MRF has ROA of 7.46342002349272 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. MRF has a Current ratio of 1.537556853092 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. MRF has a ROE of 12.3135453147171 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. MRF has a D/E ratio of 0.1137 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. MRF has an Inventory turnover ratio of 5.51074674082728 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - MRF has reported revenue growth of 0.973290395908322 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of MRF for the current financial year is 14.573132372051 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for MRF is Rs 100 and the yield is 0.1316 %.

Brief about MRF

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