MRF（500290）株式概要MRFリミテッドは子会社とともに、インド国内および国際的なゴム製品の製造、販売、取引を行っている。 詳細500290 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長1/6過去の実績5/6財務の健全性6/6配当金3/6報酬株価収益率（ 23.4 x）は、 Auto Components業界平均（ 28.4 x）を下回っています。収益は年間12.79%増加すると予測されています 過去1年間で収益は34.5%増加しました リスク分析リスクチェックの結果、500290 、リスクは検出されなかった。すべてのリスクチェックを見る500290 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW474,563 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA474,563 investors already sharing narrativesYour Fair Value₹Current Price₹133.41k34.3% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0468b2016201920222025202620282031Revenue ₹467.8bEarnings ₹35.5bAdvancedSet Fair ValueView all narrativesMRF Limited 競合他社Balkrishna IndustriesSymbol: BSE:502355Market cap: ₹457.4bApollo TyresSymbol: NSEI:APOLLOTYREMarket cap: ₹282.0bCEATSymbol: BSE:500878Market cap: ₹149.2bJK Tyre & IndustriesSymbol: BSE:530007Market cap: ₹110.8b価格と性能株価の高値、安値、推移の概要MRF過去の株価現在の株価₹133,406.4052週高値₹163,500.0052週安値₹122,000.00ベータ0.151ヶ月の変化1.49%3ヶ月変化3.70%1年変化-3.63%3年間の変化23.88%5年間の変化70.78%IPOからの変化20,143.76%最新ニュースお知らせ • Aug 01MRF Limited to Report Q1, 2027 Results on Aug 11, 2026MRF Limited announced that they will report Q1, 2027 results on Aug 11, 2026Reported Earnings • Jul 16Full year 2026 earnings: EPS misses analyst expectationsFull year 2026 results: EPS: ₹5,720 (up from ₹4,417 in FY 2025). Revenue: ₹311.6b (up 11% from FY 2025). Net income: ₹24.3b (up 30% from FY 2025). Profit margin: 7.8% (up from 6.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Declared Dividend • Jul 01Dividend of ₹229 announcedDividend of ₹229 is the same as last year. Ex-date: 17th July 2026 Payment date: 5th September 2026 Dividend yield will be 0.2%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (4% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 30MRF Limited, Annual General Meeting, Aug 06, 2026MRF Limited, Annual General Meeting, Aug 06, 2026.Price Target Changed • May 11Price target decreased by 7.4% to ₹138,804Down from ₹149,866, the current price target is an average from 10 analysts. New target price is 7.6% above last closing price of ₹128,961. Stock is down 7.8% over the past year. The company is forecast to post earnings per share of ₹5,568 for next year compared to ₹5,720 last year.Reported Earnings • May 08Full year 2026 earnings: EPS misses analyst expectationsFull year 2026 results: EPS: ₹5,720 (up from ₹4,407 in FY 2025). Revenue: ₹311.5b (up 11% from FY 2025). Net income: ₹24.3b (up 30% from FY 2025). Profit margin: 7.8% (up from 6.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.最新情報をもっと見るRecent updatesお知らせ • Aug 01MRF Limited to Report Q1, 2027 Results on Aug 11, 2026MRF Limited announced that they will report Q1, 2027 results on Aug 11, 2026Reported Earnings • Jul 16Full year 2026 earnings: EPS misses analyst expectationsFull year 2026 results: EPS: ₹5,720 (up from ₹4,417 in FY 2025). Revenue: ₹311.6b (up 11% from FY 2025). Net income: ₹24.3b (up 30% from FY 2025). Profit margin: 7.8% (up from 6.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Declared Dividend • Jul 01Dividend of ₹229 announcedDividend of ₹229 is the same as last year. Ex-date: 17th July 2026 Payment date: 5th September 2026 Dividend yield will be 0.2%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (4% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 30MRF Limited, Annual General Meeting, Aug 06, 2026MRF Limited, Annual General Meeting, Aug 06, 2026.Price Target Changed • May 11Price target decreased by 7.4% to ₹138,804Down from ₹149,866, the current price target is an average from 10 analysts. New target price is 7.6% above last closing price of ₹128,961. Stock is down 7.8% over the past year. The company is forecast to post earnings per share of ₹5,568 for next year compared to ₹5,720 last year.Reported Earnings • May 08Full year 2026 earnings: EPS misses analyst expectationsFull year 2026 results: EPS: ₹5,720 (up from ₹4,407 in FY 2025). Revenue: ₹311.5b (up 11% from FY 2025). Net income: ₹24.3b (up 30% from FY 2025). Profit margin: 7.8% (up from 6.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • May 02MRF Limited to Report Fiscal Year 2026 Results on May 07, 2026MRF Limited announced that they will report fiscal year 2026 results at 12:08 PM, Indian Standard Time on May 07, 2026Declared Dividend • Feb 09Dividend of ₹3.00 announcedDividend of ₹3.00 is the same as last year. Ex-date: 13th February 2026 Payment date: 8th March 2026 Dividend yield will be 0.2%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (4% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 07Third quarter 2026 earnings released: EPS: ₹1,631 (vs ₹744 in 3Q 2025)Third quarter 2026 results: EPS: ₹1,631 (up from ₹744 in 3Q 2025). Revenue: ₹80.5b (up 15% from 3Q 2025). Net income: ₹6.92b (up 119% from 3Q 2025). Profit margin: 8.6% (up from 4.5% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 18% per year.お知らせ • Jan 27MRF Limited to Report Q3, 2026 Results on Feb 06, 2026MRF Limited announced that they will report Q3, 2026 results on Feb 06, 2026Price Target Changed • Jan 05Price target increased by 8.3% to ₹150,084Up from ₹138,587, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of ₹150,468. Stock is up 22% over the past year. The company is forecast to post earnings per share of ₹5,153 for next year compared to ₹4,407 last year.Declared Dividend • Nov 16Dividend of ₹3.00 announcedShareholders will receive a dividend of ₹3.00. Ex-date: 21st November 2025 Payment date: 14th December 2025 Dividend yield will be 0.1%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (5% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 69% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 15Second quarter 2026 earnings released: EPS: ₹1,239 (vs ₹1,110 in 2Q 2025)Second quarter 2026 results: EPS: ₹1,239 (up from ₹1,110 in 2Q 2025). Revenue: ₹73.8b (up 7.2% from 2Q 2025). Net income: ₹5.26b (up 12% from 2Q 2025). Profit margin: 7.1% (up from 6.8% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 04MRF Limited to Report Q2, 2026 Results on Nov 14, 2025MRF Limited announced that they will report Q2, 2026 results on Nov 14, 2025Reported Earnings • Aug 13First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: ₹1,180 (down from ₹1,346 in 1Q 2025). Revenue: ₹76.8b (up 6.7% from 1Q 2025). Net income: ₹5.00b (down 12% from 1Q 2025). Profit margin: 6.5% (down from 7.9% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 01MRF Limited to Report Q1, 2026 Results on Aug 12, 2025MRF Limited announced that they will report Q1, 2026 results on Aug 12, 2025Reported Earnings • Jul 15Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: ₹4,407 (down from ₹4,907 in FY 2024). Revenue: ₹281.7b (up 12% from FY 2024). Net income: ₹18.7b (down 10% from FY 2024). Profit margin: 6.6% (down from 8.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.1%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.Declared Dividend • Jul 05Dividend increased to ₹229Dividend of ₹229 is 18% higher than last year. Ex-date: 18th July 2025 Payment date: 6th September 2025 Dividend yield will be 0.2%, which is lower than the industry average of 0.6%. Sustainability & Growth The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 54% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jul 03MRF Limited, Annual General Meeting, Aug 07, 2025MRF Limited, Annual General Meeting, Aug 07, 2025.Price Target Changed • May 12Price target increased by 13% to ₹131,744Up from ₹116,926, the current price target is an average from 10 analysts. New target price is 5.8% below last closing price of ₹139,849. Stock is up 8.5% over the past year. The company is forecast to post earnings per share of ₹5,581 for next year compared to ₹4,408 last year.Reported Earnings • May 09Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: ₹4,408 (down from ₹4,907 in FY 2024). Revenue: ₹285.6b (up 14% from FY 2024). Net income: ₹18.7b (down 10% from FY 2024). Profit margin: 6.5% (down from 8.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.1%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.お知らせ • May 01MRF Limited to Report Fiscal Year 2025 Results on May 07, 2025MRF Limited announced that they will report fiscal year 2025 results on May 07, 2025Declared Dividend • Feb 08Dividend of ₹3.00 announcedShareholders will receive a dividend of ₹3.00. Ex-date: 14th February 2025 Payment date: 8th March 2025 Dividend yield will be 0.2%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (5% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 46% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 07Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: ₹744 (down from ₹1,202 in 3Q 2024). Revenue: ₹70.0b (up 14% from 3Q 2024). Net income: ₹3.15b (down 38% from 3Q 2024). Profit margin: 4.5% (down from 8.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) missed analyst estimates by 27%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 06MRF Limited Declares Second Interim Dividend for the Financial Year Ending March 31, 2025, Payable on or After February 25, 2025MRF Limited announced that at the Board of Directors meeting held 6 February, 2025, the Board of Directors has declared a Second Interim Dividend of INR 3 per equity share [30%] for the financial year ending 31 March, 2025. The Company has fixed 14th February, 2025 as the record date for the purpose of payment of Second Interim Dividend. The Second Interim Dividend declared will be paid on or after 25February, 2025.お知らせ • Jan 29MRF Limited to Report Q3, 2025 Results on Feb 06, 2025MRF Limited announced that they will report Q3, 2025 results on Feb 06, 2025Declared Dividend • Nov 11Dividend of ₹3.00 announcedDividend of ₹3.00 is the same as last year. Ex-date: 19th November 2024 Payment date: 8th December 2024 Dividend yield will be 0.2%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (4% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 09Second quarter 2025 earnings released: EPS: ₹1,110 (vs ₹1,383 in 2Q 2024)Second quarter 2025 results: EPS: ₹1,110 (down from ₹1,383 in 2Q 2024). Revenue: ₹69.9b (up 13% from 2Q 2024). Net income: ₹4.71b (down 20% from 2Q 2024). Profit margin: 6.7% (down from 9.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 08MRF Limited Declares Interim Dividend, Payable on or After November 29, 2024MRF Limited announced that at the board meeting held on November 8, 2024, declared an Interim Dividend of INR 3/-per equity share [30%] for the financial year ending March 31, 2025. The company has fixed 19 November, 2024, as the record date for the purpose of payment of Interim Dividend. The Interim Dividend declared will be paid on or after November 29, 2024.お知らせ • Oct 23+ 1 more updateMRF Limited to Report Q2, 2025 Results on Nov 08, 2024MRF Limited announced that they will report Q2, 2025 results on Nov 08, 2024お知らせ • Sep 29MRF Limited Announces Cessation of DirectorsMRF Limited announced that consequent to the completion of their second term, Mr. Ashok Jacob (00018605), Mr. V Sridhar (DIN: 00020276), Mr. Vijay R Kirloskar (DIN: 00031253), Mr. Ranjit I. Jesudasen (DIN: 00020181), Dr. Salim Joseph Thomas (DIN: 00033022) and Mr. Jacob Kurian (DIN: 00860095) cease to be Independent Directors with effect from the close of business hours of September 28, 2024.Reported Earnings • Aug 09First quarter 2025 earnings released: EPS: ₹1,346 (vs ₹1,388 in 1Q 2024)First quarter 2025 results: EPS: ₹1,346 (down from ₹1,388 in 1Q 2024). Revenue: ₹72.0b (up 12% from 1Q 2024). Net income: ₹5.71b (down 3.0% from 1Q 2024). Profit margin: 7.9% (down from 9.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 02MRF Limited Declares Final Dividend for the Financial Year Ended 31St March, 2024MRF Limited Declaration of a final dividend of INR 194/- (1940%) per equity share of INR 10 each of the Company for the financial year ended 31st March, 2024.お知らせ • Jul 24MRF Limited to Report Q1, 2025 Results on Aug 08, 2024MRF Limited announced that they will report Q1, 2025 results on Aug 08, 2024Upcoming Dividend • Jul 18Upcoming dividend of ₹194 per shareEligible shareholders must have bought the stock before 25 July 2024. Payment date: 31 August 2024. Payout ratio is a comfortable 4.1% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (0.5%).Reported Earnings • Jul 07Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: ₹4,907 (up from ₹1,813 in FY 2023). Revenue: ₹251.7b (up 9.4% from FY 2023). Net income: ₹20.8b (up 171% from FY 2023). Profit margin: 8.3% (up from 3.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.5%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 17% per year.Declared Dividend • Jun 29Dividend increased to ₹194Dividend of ₹194 is 15% higher than last year. Ex-date: 25th July 2024 Payment date: 31st August 2024 Dividend yield will be 0.2%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (4% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 28MRF Limited, Annual General Meeting, Aug 01, 2024MRF Limited, Annual General Meeting, Aug 01, 2024.Price Target Changed • May 06Price target decreased by 7.1% to ₹108,034Down from ₹116,299, the current price target is an average from 9 analysts. New target price is 14% below last closing price of ₹126,059. Stock is up 29% over the past year. The company is forecast to post earnings per share of ₹4,698 for next year compared to ₹4,907 last year.Reported Earnings • May 04Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: ₹4,907 (up from ₹1,813 in FY 2023). Revenue: ₹254.9b (up 11% from FY 2023). Net income: ₹20.8b (up 171% from FY 2023). Profit margin: 8.2% (up from 3.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.5%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 18% per year.お知らせ • May 03MRF Limited Recommends Final Dividend for the Financial Year Ended 31 March, 2024MRF Limited announced that at the board meeting held on May 3, 2024 have recommended a final dividend of INR 194 - (1940%) per share of INR 10 each. The Company has already declared and paid two interim dividends of INR 3 (30%) each per share for the financial year ended 31 March, 2024. The total dividend for the financial year ended 31 March 2024 works out to INR 200 - (2000%) per share of INR 10 each.Upcoming Dividend • Feb 14Upcoming dividend of ₹3.00 per share at 0.1% yieldEligible shareholders must have bought the stock before 21 February 2024. Payment date: 11 March 2024. Payout ratio is a comfortable 3.7% but the company is paying out more than the cash it is generating. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.7%).Price Target Changed • Feb 12Price target increased by 8.4% to ₹112,217Up from ₹103,563, the current price target is an average from 9 analysts. New target price is 21% below last closing price of ₹142,718. Stock is up 61% over the past year. The company is forecast to post earnings per share of ₹5,182 for next year compared to ₹1,813 last year.Declared Dividend • Feb 11Dividend of ₹3.00 announcedDividend of ₹3.00 is the same as last year. Ex-date: 21st February 2024 Payment date: 11th March 2024 Dividend yield will be 0.1%, which is lower than the industry average of 0.6%. Payout Ratios Payout ratio: 4%. Cash payout ratio: 129%.Reported Earnings • Feb 10Third quarter 2024 earnings released: EPS: ₹1,202 (vs ₹412 in 3Q 2023)Third quarter 2024 results: EPS: ₹1,202 (up from ₹412 in 3Q 2023). Revenue: ₹62.4b (up 11% from 3Q 2023). Net income: ₹5.10b (up 192% from 3Q 2023). Profit margin: 8.2% (up from 3.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 09MRF Limited Declares Second Interim Dividend for the Financial Year Ending 31st March, 2024, Payable on or After 4th March, 2024MRF Limited at its board meeting held on February 9, 2024, the Board of Directors declared a Second Interim Dividend of INR 3 per equity share (30%) for the financial year ending 31st March, 2024. The Company has fixed 21st February, 2024 as the Record Date for the purpose of payment of Second Interim Dividend. The Second Interim Dividend declared will be paid on or after 4th March, 2024.お知らせ • Jan 25MRF Limited to Report Q3, 2024 Results on Feb 09, 2024MRF Limited announced that they will report Q3, 2024 results on Feb 09, 2024Upcoming Dividend • Nov 10Upcoming dividend of ₹3.00 per share at 0.2% yieldEligible shareholders must have bought the stock before 17 November 2023. Payment date: 03 December 2023. Payout ratio is a comfortable 4.4% but the company is paying out more than the cash it is generating. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.8%).Reported Earnings • Nov 04Second quarter 2024 earnings released: EPS: ₹1,383 (vs ₹306 in 2Q 2023)Second quarter 2024 results: EPS: ₹1,383 (up from ₹306 in 2Q 2023). Revenue: ₹62.2b (up 6.7% from 2Q 2023). Net income: ₹5.87b (up 352% from 2Q 2023). Profit margin: 9.4% (up from 2.2% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.お知らせ • Nov 04MRF Limited Declares an Interim Dividend for the Financial Year Ending March 31, 2024, Payable on or After November 30, 2023The Board of Directors of MRF Limited has declared an Interim Dividend of INR 3/-per equity share [30%] for the financial year ending March 31, 2024. The company has fixed November 17,2023, as the record date for the purpose of payment of Interim Dividend. The Interim Dividend declared will be paid on or after November 30, 2023.お知らせ • Oct 22MRF Limited to Report Q2, 2024 Results on Nov 03, 2023MRF Limited announced that they will report Q2, 2024 results on Nov 03, 2023お知らせ • Sep 26MRF Limited Provides Update on Order Of Competition Commission Of India (CCI) And Subsequent Appeal Pending Before Supreme CourtMRF Limited announced that reference to letters dated 3 February 2022, 2 December 2022 and 14 August 2023. It may be recalled that the CCI had in February 2022 issued its order against MRF Limited, four other Indian tyre manufacturers and also the Automotive Tyre Manufacturers Association, for breach of the Competition Act, 2002 during the year 2011-12. The Commission had imposed a penalty of INR 622.09 Crores on MRF Limited (apart from penalties levied on others). An appeal was preferred against the above order before the National Company Law Appellate Tribunal (NCLAT) and NCLAT had in December 2022 disposed off the appeal by remanding the matter back to CCI for review after hearing the parties. Against this Order of the NCLAT, CCI had filed an appeal before the Supreme Court and the same is pending. In the meantime, MRF Limited had also filed an appeal before the Supreme Court against the Order of NCLAT since NCLAT has, after giving categorical findings in favor of the Appellants (i.e. Tyre Companies and its association), instead of allowing the appeals, erroneously remanded the same back to CCI for review. MRF's appeal came up for hearing and the Supreme Court has ordered notice and tagged the appeal along with the appeal filed by the CCI.New Risk • Sep 26New major risk - Revenue and earnings growthEarnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Reported Earnings • Aug 04First quarter 2024 earnings released: EPS: ₹1,388 (vs ₹291 in 1Q 2023)First quarter 2024 results: EPS: ₹1,388 (up from ₹291 in 1Q 2023). Revenue: ₹64.4b (up 13% from 1Q 2023). Net income: ₹5.89b (up 376% from 1Q 2023). Profit margin: 9.1% (up from 2.2% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.お知らせ • Jul 29MRF Limited Approves Final Dividend on Equity Share of the Company for the Financial Year Ended March 31, 2023MRF Limited approved final dividend of INR 169 per equity share of INR 10 each of the company for the financial year ended March 31, 2023 at the Annual General Meeting held on July 27, 2023.Upcoming Dividend • Jul 13Upcoming dividend of ₹169 per share at 0.2% yieldEligible shareholders must have bought the stock before 20 July 2023. Payment date: 21 August 2023. Payout ratio is a comfortable 9.7% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.8%).Reported Earnings • Jul 06Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: ₹1,813 (up from ₹1,578 in FY 2022). Revenue: ₹230.2b (up 19% from FY 2022). Net income: ₹7.69b (up 15% from FY 2022). Profit margin: 3.3% (down from 3.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.3%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.お知らせ • Jun 22MRF Limited, Annual General Meeting, Jul 27, 2023MRF Limited, Annual General Meeting, Jul 27, 2023.Price Target Changed • May 11Price target increased by 7.4% to ₹79,982Up from ₹74,468, the current price target is an average from 9 analysts. New target price is 18% below last closing price of ₹97,362. Stock is up 44% over the past year. The company is forecast to post earnings per share of ₹3,840 for next year compared to ₹1,813 last year.お知らせ • May 04MRF Limited Recommends Final Dividend for the Financial Year Ended March 31, 2023MRF Limited at its board meeting held on May 03,2023, recommended a final dividend of INR 169/- (1690%) per share of INR 10 each. The Company has already declared and paid two interim dividends of INR 3/- (30%) each per share for the financial year ended 31st March, 2023. The total dividend for the financial year ended 31 March 2023 works out to INR 175 (1750%) per share of INR 10 each.Reported Earnings • May 04Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: ₹1,813 (up from ₹1,578 in FY 2022). Revenue: ₹230.1b (up 19% from FY 2022). Net income: ₹7.69b (up 15% from FY 2022). Profit margin: 3.3% (down from 3.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.3%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.Upcoming Dividend • Feb 14Upcoming dividend of ₹3.00 per share at 0.2% yieldEligible shareholders must have bought the stock before 21 February 2023. Payment date: 11 March 2023. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (0.6%).Reported Earnings • Feb 12Third quarter 2023 earnings released: EPS: ₹412 (vs ₹352 in 3Q 2022)Third quarter 2023 results: EPS: ₹412 (up from ₹352 in 3Q 2022). Revenue: ₹56.4b (up 15% from 3Q 2022). Net income: ₹1.75b (up 17% from 3Q 2022). Profit margin: 3.1% (up from 3.0% in 3Q 2022). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.お知らせ • Feb 09MRF Limited Declares Second Interim Dividend for the Financial Year Ending March 31, 2023, Payable on or After March 6, 2023The Board of Directors of MRF Limited has declared a Second Interim Dividend of INR 3 per equity share [30%] for the financial year ending 31 March,2023. The Company has fixed 21 February, 2023 as the Record Date for the purpose of payment of Second Interim Dividend. The Second Interim Dividend declared will be paid on or after 6th March, 2023.お知らせ • Feb 08MRF Limited Announces Appointment of Independent DirectorsMRF Limited appointed Mr. Vikram Taranath Hosangady (DIN:09757469), Mr. Ramesh Rangarajan (DIN: 00141701) and Mr. Dinshaw Keku Parakh (DIN: 00238735) as the Independent Directors of the Company with effect from the date of receipt of approval of the shareholders or the date of receipt of requisite clearances as may be required under applicable law for such appointment, whichever is later. Company has received necessary clearances from Government of India, on 7th February, 2023 for the appointments of Mr. Vikram Taranath Hosangady, Mr. Ramesh Rangarajan and Mr. Dinshaw Keku Parakh as Independent Directors of the Company. Accordingly, the appointment of Mr. Vikram Taranath Hosangady, Mr. Ramesh Rangarajan and Mr. Dinshaw Keku Parakh as Independent Directors of the Company takes effect from 7th February, 2023. Mr. Vikram Taranath Hosangady is a seasoned business leader and finance professional with over 25 years of experience in being a strategic partner to global PEs and corporations, in their value creation journey. He has a progressive history of working with several founders of emerging corporates, in their journey of increased professionalism, governance, listing in locallglobal markets, guiding, hiring of board members and mentoring of next generation leader. Mr. Vikram Taranath Hosangady is a gold medallist in Commerce from Loyola College, Chennai and is a member of the Institute of Chartered Accountants of India and Institute of Cost Accountants of India. Mr. Vikram Taranath Hosangady worked with KPMG in various positions from 2005 to 2022. He last held the position of head of Clients and Markets and Member of the India Leadership Team from 2021 to 2022. Prior to KPMG, he worked with EY in Deal Advisory wing from 2002 to 2004 and Arthur Anderson's, Audit wing from 1996 to 2001. Mr. Ramesh Rangarajan is a family member of THE HINDU group of publications. He is the son of Late Shri S Rangarajan, who was the Chairman of MIs Kasturi ft Sons Limited). Mr. Ramesh Rangarajan is a graduate in Economics from Loyola College, Chennai and has wide and rich experience in the field of Advertising and Marketing. He was on the Board of MIs Kasturi ft Sons Limited for 25 years and served in THE HINDU for over 30 years. During his tenure with THE HINDU, he was spearheading the Advertising and Circulation Departments and brought in many innovations which helped boost revenue growth of the newspaper. Mr. Dinshaw Keku Parakh is the Managing Partner of Tarapore & Company, a firm involved in the construction and engineering business. Tarapore & Company has undertaken many projects all over the Country in its 9 decades of existence so far and are one of the main contractors for Prestige Builders, executing numerous projects for them in and around Bangalore.Other than contracting, the Company operates in the hospitality segment. Mr. Dinshaw Keku Parakh has over 25 years of experience in business and currently manages the day-to-day operations and finances of the firm. Mr. Dinshaw Keku Parakh holds a Bachelor's degree in Arts from D.G Vaishnav College, Chennai and a Masters degree in Business Administration from Clarks University, USA. Mr. Dinshaw Keku Parakh currently serves on the Board of Directors at SICGIL India, as Joint Managing Director of Narbod Constructions, which runs the slag operations at Tata Steel, Jamshedpur. Apart from the involvement in his core business, Mr. Dinshaw Keku Parakh is also a trustee of family charitable trusts, which supports underprivileged sections of the society in education and healthcare. Mr. Dinshaw Keku Parakh is also the president of the Venkatesapuram Tarapore Educational Trust which runs several schools from Nursery up to the High School level in Chennai.お知らせ • Jan 28MRF Limited to Report Q3, 2023 Results on Feb 09, 2023MRF Limited announced that they will report Q3, 2023 results on Feb 09, 2023お知らせ • Nov 09MRF Limited Declares Interim Dividend for the Financial Year Ending 31 March 2023, Payable on or After 2 December 2022The board of directors of MRF Limited at meeting held on 08 November 2022, has declared an Interim Dividend of INR 3/-per equity share [30%] for the financial year ending 31 March 2023. the company has fixed 18 November, 2022, as the record date for the purpose of payment of Interim Dividend. The Interim Dividend declared will be paid on or after 2 December,2022.Reported Earnings • Nov 09Second quarter 2023 earnings released: EPS: ₹306 (vs ₹446 in 2Q 2022)Second quarter 2023 results: EPS: ₹306 (down from ₹446 in 2Q 2022). Revenue: ₹58.3b (up 19% from 2Q 2022). Net income: ₹1.30b (down 31% from 2Q 2022). Profit margin: 2.2% (down from 3.9% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.お知らせ • Oct 28MRF Limited to Report Q2, 2023 Results on Nov 08, 2022MRF Limited announced that they will report Q2, 2023 results on Nov 08, 2022Major Estimate Revision • Aug 16Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 revenue forecast increased from ₹218.6b to ₹227.6b. EPS estimate fell from ₹2,313 to ₹1,977 per share. Net income forecast to grow 58% next year vs 36% growth forecast for Auto Components industry in India. Consensus price target up from ₹67,657 to ₹69,752. Share price fell 5.1% to ₹83,250 over the past week.Reported Earnings • Aug 10First quarter 2023 earnings released: EPS: ₹291 (vs ₹390 in 1Q 2022)First quarter 2023 results: EPS: ₹291 (down from ₹390 in 1Q 2022). Revenue: ₹57.0b (up 36% from 1Q 2022). Net income: ₹1.24b (down 25% from 1Q 2022). Profit margin: 2.2% (down from 4.0% in 1Q 2022). Over the next year, revenue is forecast to grow 11%, compared to a 18% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.お知らせ • Aug 05MRF Limited Declares Final Dividend for the Financial Year Ended March 31, 2022MRF Limited at its AGM held on August 4,2022, declared of a final dividend of INR 144 per equity share of INR 10 each of the Company for the financial year ended 31st March, 2022.お知らせ • Jul 28MRF Limited to Report Q1, 2023 Results on Aug 09, 2022MRF Limited announced that they will report Q1, 2023 results on Aug 09, 2022Upcoming Dividend • Jul 20Upcoming dividend of ₹144 per shareEligible shareholders must have bought the stock before 27 July 2022. Payment date: 03 September 2022. Payout ratio is a comfortable 9.5% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.8%). Lower than average of industry peers (0.7%).Reported Earnings • Jul 12Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: ₹1,578 (down from ₹3,011 in FY 2021). Revenue: ₹193.2b (up 19% from FY 2021). Net income: ₹6.69b (down 48% from FY 2021). Profit margin: 3.5% (down from 7.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Over the next year, revenue is forecast to grow 13%, compared to a 22% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.お知らせ • Jul 02MRF Limited, Annual General Meeting, Aug 04, 2022MRF Limited, Annual General Meeting, Aug 04, 2022.Major Estimate Revision • May 17Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 EPS estimate fell from ₹3,214 to ₹2,253 per share. Revenue forecast steady at ₹220.0b. Net income forecast to grow 43% next year vs 30% growth forecast for Auto Components industry in India. Consensus price target broadly unchanged at ₹69,726. Share price rose 7.7% to ₹73,983 over the past week.Reported Earnings • May 12Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: ₹1,578 (down from ₹3,011 in FY 2021). Revenue: ₹196.3b (up 21% from FY 2021). Net income: ₹6.69b (down 48% from FY 2021). Profit margin: 3.4% (down from 7.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Over the next year, revenue is forecast to grow 14%, compared to a 18% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.お知らせ • May 12MRF Limited Recommends Final DividendMRF Limited announced that at its board meeting held on May 10, 2022, the Board of Directors have recommended a final dividend of INR 144 per share of INR 10 each.お知らせ • May 02MRF Limited to Report Q4, 2022 Results on May 10, 2022MRF Limited announced that they will report Q4, 2022 results on May 10, 2022お知らせ • Feb 11MRF Limited Declares Second Interim Dividend for the Financial Year Ending March 31, 2022, Payable on or after March 4, 2022The Board of Directors of MRF Limited at its meeting held on February 10, 2022, the board has declared a second interim dividend of INR 3 per equity share for the financial year ending March 31, 2022. The Company has fixed February 18, 2022 as the Record Date for the purpose of payment of Second Interim Dividend. The Second Interim Dividend declared will be paid on or after March 4, 2022.Reported Earnings • Feb 11Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: EPS: ₹352 (down from ₹1,227 in 3Q 2021). Revenue: ₹49.9b (up 7.5% from 3Q 2021). Net income: ₹1.49b (down 71% from 3Q 2021). Profit margin: 3.0% (down from 11% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 6.4%. Over the next year, revenue is forecast to grow 11%, compared to a 16% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 7% per year.Major Estimate Revision • Feb 11Consensus EPS estimates fall by 25%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ₹202.4b to ₹192.4b. EPS estimate also fell from ₹2,455 per share to ₹1,850 per share. Net income forecast to shrink 7.6% next year vs 26% growth forecast for Auto Components industry in India . Consensus price target down from ₹79,720 to ₹75,946. Share price fell 2.6% to ₹68,266 over the past week.お知らせ • Jan 30MRF Limited to Report Q3, 2022 Results on Feb 10, 2022MRF Limited announced that they will report Q3, 2022 results on Feb 10, 2022Reported Earnings • Nov 10Second quarter 2022 earnings released: EPS ₹446 (vs ₹969 in 2Q 2021)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹49.1b (up 16% from 2Q 2021). Net income: ₹1.89b (down 54% from 2Q 2021). Profit margin: 3.9% (down from 9.7% in 2Q 2021). The decrease in margin was driven by higher expenses.Major Estimate Revision • Aug 16Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ₹3,154 to ₹2,789 per share. Revenue forecast steady at ₹190.7b. Net income forecast to shrink 9.9% next year vs 28% growth forecast for Auto Components industry in India . Consensus price target broadly unchanged at ₹81,836. Share price was steady at ₹78,517 over the past week.お知らせ • Aug 14MRF Limited Approve Special Dividend of for the Financial Year Ended March 31, 2021MRF Limited at its annual general meeting held on August 12, 2021 approved special dividend of INR 50 per share for the financial year ended March 31, 2021.Upcoming Dividend • Jul 28Upcoming dividend of ₹144 per shareEligible shareholders must have bought the stock before 04 August 2021. Payment date: 11 September 2021. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (0.7%).Reported Earnings • Jul 22Full year 2021 earnings released: EPS ₹3,011 (vs ₹3,354 in FY 2020)The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: ₹161.8b (flat on FY 2020). Net income: ₹12.8b (down 10% from FY 2020). Profit margin: 7.9% (down from 8.7% in FY 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Jul 02Insider recently sold ₹103m worth of stockOn the 29th of June, Soma Philips sold around 1k shares on-market at roughly ₹80,497 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹340m more than they bought in the last 12 months.Major Estimate Revision • Jun 14Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₹185.9b to ₹189.2b. EPS estimate fell from ₹3,681 to ₹3,071 per share. Net income forecast to grow 2.0% next year vs 84% growth forecast for Auto Components industry in India. Consensus price target down from ₹85,204 to ₹81,968. Share price was steady at ₹82,496 over the past week.Reported Earnings • Jun 08Full year 2021 earnings released: EPS ₹3,011 (vs ₹3,354 in FY 2020)The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: ₹163.7b (flat on FY 2020). Net income: ₹12.8b (down 10% from FY 2020). Profit margin: 7.8% (down from 8.7% in FY 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Feb 18Analysts increase EPS estimates to ₹3,216The 2021 consensus revenue estimate increased from ₹156.6b to ₹159.9b. The earnings per share estimate also received an upgrade from ₹2,724 to ₹3,216 for the same period. Net income is expected to shrink by 6.9% next year compared to 107% growth forecast for the Auto Components industry in India . The consensus price target increased from ₹73,608 to ₹81,342. Share price is down by 1.3% to ₹88,908 over the past week.Price Target Changed • Feb 13Price target raised to ₹79,251Up from ₹73,608, the current price target is an average from 3 analysts. The new target price is 13% below the current share price of ₹91,213. As of last close, the stock is up 27% over the past year.Reported Earnings • Feb 12Third quarter 2021 earnings released: EPS ₹1,227 (vs ₹569 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹47.1b (up 15% from 3Q 2020). Net income: ₹5.21b (up 116% from 3Q 2020). Profit margin: 11% (up from 5.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 9% per year.Is New 90 Day High Low • Feb 09New 90-day high: ₹93,751The company is up 37% from its price of ₹68,575 on 11 November 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 35% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹33,598 per share.お知らせ • Jan 28MRF Limited to Report Q3, 2021 Results on Feb 11, 2021MRF Limited announced that they will report Q3, 2021 results on Feb 11, 2021Is New 90 Day High Low • Jan 08New 90-day high: ₹80,657The company is up 37% from its price of ₹58,770 on 09 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹31,900 per share.Recent Insider Transactions • Dec 18Insider recently sold ₹9.7m worth of stockOn the 14th of December, Arjun Joseph sold around 125 shares on-market at roughly ₹77,782 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹67m. Insiders have been net sellers, collectively disposing of ₹119m more than they bought in the last 12 months.株主還元500290IN Auto ComponentsIN 市場7D-0.6%-0.05%-0.4%1Y-3.6%26.2%4.6%株主還元を見る業界別リターン: 500290過去 1 年間で26.2 % の収益を上げたIndian Auto Components業界を下回りました。リターン対市場: 500290は、過去 1 年間で4.6 % のリターンを上げたIndian市場を下回りました。価格変動Is 500290's price volatile compared to industry and market?500290 volatility500290 Average Weekly Movement3.1%Auto Components Industry Average Movement5.6%Market Average Movement5.9%10% most volatile stocks in IN Market8.9%10% least volatile stocks in IN Market3.6%安定した株価: 500290 、 Indian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 500290の 週次ボラティリティ ( 3% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト194616,283K. M. Mammenwww.mrftyres.comMRF社は子会社とともに、インド国内および海外でゴム製品の製造、販売、取引を行っている。乗用車、二輪車、三輪車、ピックアップ、農耕用車両、路上トラック、戦闘機、各種商用車用のタイヤ、チューブ、フラップ、リトレッドタイヤ、トレッドゴム製品などのゴム製品、特殊コーティング剤の製造を行っている。また、塗料・コート、玩具、モータースポーツ事業にも携わっている。さらに、MRF T&S、MRF TireTok、MRF Tyredrome、MRF FASST、MRF MuscleZone、およびコンピューターによる窒素充填、チューブレス修理、ホイールアライメント、ホイールバランス、タイヤ交換、ロボットによるホイールアライメント、車両安全テストレーン、診断ホイールバランス、A/C回収・再充電、電子ヘッドライトアライナー、窒素ジェネレーターメンブレン式、特殊二輪車用タイヤチェンジャー、およびホイールの取り外し・再装着、タイヤの取り付け・取り外しサービスを提供するショップを運営している。製品は輸出され、ディーラーネットワークを通じて販売される。同社は1946年に設立され、インドのチェンナイを拠点としている。もっと見るMRF Limited 基礎のまとめMRF の収益と売上を時価総額と比較するとどうか。500290 基礎統計学時価総額₹566.15b収益（TTM）₹24.20b売上高(TTM)₹319.02b23.4xPER（株価収益率1.8xP/Sレシオ500290 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計500290 損益計算書（TTM）収益₹319.02b売上原価₹204.71b売上総利益₹114.32bその他の費用₹90.12b収益₹24.20b直近の収益報告Jun 30, 2026次回決算日該当なし一株当たり利益（EPS）5.71kグロス・マージン35.83%純利益率7.58%有利子負債／自己資本比率15.3%500290 の長期的なパフォーマンスは？過去の実績と比較を見る配当金0.2%現在の配当利回り4%配当性向500290 配当は確実ですか？500290 配当履歴とベンチマークを見る500290 、いつまでに購入すれば配当金を受け取れますか？MRF 配当日配当落ち日Jul 17 2026配当支払日Sep 05 2026配当落ちまでの日数30 days配当支払日までの日数20 days500290 配当は確実ですか？500290 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/15 20:05終値2026/08/14 00:00収益2026/06/30年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋MRF Limited 8 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。25 アナリスト機関Annamalai Jayaraj360 ONE Capital Market Private Limitednull nullAnand Rathi Shares and Stock Brokers LimitedMumuksh MandleshaAnand Rathi Shares and Stock Brokers Limited22 その他のアナリストを表示
お知らせ • Aug 01MRF Limited to Report Q1, 2027 Results on Aug 11, 2026MRF Limited announced that they will report Q1, 2027 results on Aug 11, 2026
Reported Earnings • Jul 16Full year 2026 earnings: EPS misses analyst expectationsFull year 2026 results: EPS: ₹5,720 (up from ₹4,417 in FY 2025). Revenue: ₹311.6b (up 11% from FY 2025). Net income: ₹24.3b (up 30% from FY 2025). Profit margin: 7.8% (up from 6.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Jul 01Dividend of ₹229 announcedDividend of ₹229 is the same as last year. Ex-date: 17th July 2026 Payment date: 5th September 2026 Dividend yield will be 0.2%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (4% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 30MRF Limited, Annual General Meeting, Aug 06, 2026MRF Limited, Annual General Meeting, Aug 06, 2026.
Price Target Changed • May 11Price target decreased by 7.4% to ₹138,804Down from ₹149,866, the current price target is an average from 10 analysts. New target price is 7.6% above last closing price of ₹128,961. Stock is down 7.8% over the past year. The company is forecast to post earnings per share of ₹5,568 for next year compared to ₹5,720 last year.
Reported Earnings • May 08Full year 2026 earnings: EPS misses analyst expectationsFull year 2026 results: EPS: ₹5,720 (up from ₹4,407 in FY 2025). Revenue: ₹311.5b (up 11% from FY 2025). Net income: ₹24.3b (up 30% from FY 2025). Profit margin: 7.8% (up from 6.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 01MRF Limited to Report Q1, 2027 Results on Aug 11, 2026MRF Limited announced that they will report Q1, 2027 results on Aug 11, 2026
Reported Earnings • Jul 16Full year 2026 earnings: EPS misses analyst expectationsFull year 2026 results: EPS: ₹5,720 (up from ₹4,417 in FY 2025). Revenue: ₹311.6b (up 11% from FY 2025). Net income: ₹24.3b (up 30% from FY 2025). Profit margin: 7.8% (up from 6.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Jul 01Dividend of ₹229 announcedDividend of ₹229 is the same as last year. Ex-date: 17th July 2026 Payment date: 5th September 2026 Dividend yield will be 0.2%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (4% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 30MRF Limited, Annual General Meeting, Aug 06, 2026MRF Limited, Annual General Meeting, Aug 06, 2026.
Price Target Changed • May 11Price target decreased by 7.4% to ₹138,804Down from ₹149,866, the current price target is an average from 10 analysts. New target price is 7.6% above last closing price of ₹128,961. Stock is down 7.8% over the past year. The company is forecast to post earnings per share of ₹5,568 for next year compared to ₹5,720 last year.
Reported Earnings • May 08Full year 2026 earnings: EPS misses analyst expectationsFull year 2026 results: EPS: ₹5,720 (up from ₹4,407 in FY 2025). Revenue: ₹311.5b (up 11% from FY 2025). Net income: ₹24.3b (up 30% from FY 2025). Profit margin: 7.8% (up from 6.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • May 02MRF Limited to Report Fiscal Year 2026 Results on May 07, 2026MRF Limited announced that they will report fiscal year 2026 results at 12:08 PM, Indian Standard Time on May 07, 2026
Declared Dividend • Feb 09Dividend of ₹3.00 announcedDividend of ₹3.00 is the same as last year. Ex-date: 13th February 2026 Payment date: 8th March 2026 Dividend yield will be 0.2%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (4% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 07Third quarter 2026 earnings released: EPS: ₹1,631 (vs ₹744 in 3Q 2025)Third quarter 2026 results: EPS: ₹1,631 (up from ₹744 in 3Q 2025). Revenue: ₹80.5b (up 15% from 3Q 2025). Net income: ₹6.92b (up 119% from 3Q 2025). Profit margin: 8.6% (up from 4.5% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 18% per year.
お知らせ • Jan 27MRF Limited to Report Q3, 2026 Results on Feb 06, 2026MRF Limited announced that they will report Q3, 2026 results on Feb 06, 2026
Price Target Changed • Jan 05Price target increased by 8.3% to ₹150,084Up from ₹138,587, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of ₹150,468. Stock is up 22% over the past year. The company is forecast to post earnings per share of ₹5,153 for next year compared to ₹4,407 last year.
Declared Dividend • Nov 16Dividend of ₹3.00 announcedShareholders will receive a dividend of ₹3.00. Ex-date: 21st November 2025 Payment date: 14th December 2025 Dividend yield will be 0.1%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (5% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 69% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 15Second quarter 2026 earnings released: EPS: ₹1,239 (vs ₹1,110 in 2Q 2025)Second quarter 2026 results: EPS: ₹1,239 (up from ₹1,110 in 2Q 2025). Revenue: ₹73.8b (up 7.2% from 2Q 2025). Net income: ₹5.26b (up 12% from 2Q 2025). Profit margin: 7.1% (up from 6.8% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 04MRF Limited to Report Q2, 2026 Results on Nov 14, 2025MRF Limited announced that they will report Q2, 2026 results on Nov 14, 2025
Reported Earnings • Aug 13First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: ₹1,180 (down from ₹1,346 in 1Q 2025). Revenue: ₹76.8b (up 6.7% from 1Q 2025). Net income: ₹5.00b (down 12% from 1Q 2025). Profit margin: 6.5% (down from 7.9% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 01MRF Limited to Report Q1, 2026 Results on Aug 12, 2025MRF Limited announced that they will report Q1, 2026 results on Aug 12, 2025
Reported Earnings • Jul 15Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: ₹4,407 (down from ₹4,907 in FY 2024). Revenue: ₹281.7b (up 12% from FY 2024). Net income: ₹18.7b (down 10% from FY 2024). Profit margin: 6.6% (down from 8.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.1%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Jul 05Dividend increased to ₹229Dividend of ₹229 is 18% higher than last year. Ex-date: 18th July 2025 Payment date: 6th September 2025 Dividend yield will be 0.2%, which is lower than the industry average of 0.6%. Sustainability & Growth The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 54% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jul 03MRF Limited, Annual General Meeting, Aug 07, 2025MRF Limited, Annual General Meeting, Aug 07, 2025.
Price Target Changed • May 12Price target increased by 13% to ₹131,744Up from ₹116,926, the current price target is an average from 10 analysts. New target price is 5.8% below last closing price of ₹139,849. Stock is up 8.5% over the past year. The company is forecast to post earnings per share of ₹5,581 for next year compared to ₹4,408 last year.
Reported Earnings • May 09Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: ₹4,408 (down from ₹4,907 in FY 2024). Revenue: ₹285.6b (up 14% from FY 2024). Net income: ₹18.7b (down 10% from FY 2024). Profit margin: 6.5% (down from 8.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.1%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
お知らせ • May 01MRF Limited to Report Fiscal Year 2025 Results on May 07, 2025MRF Limited announced that they will report fiscal year 2025 results on May 07, 2025
Declared Dividend • Feb 08Dividend of ₹3.00 announcedShareholders will receive a dividend of ₹3.00. Ex-date: 14th February 2025 Payment date: 8th March 2025 Dividend yield will be 0.2%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (5% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 46% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 07Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: ₹744 (down from ₹1,202 in 3Q 2024). Revenue: ₹70.0b (up 14% from 3Q 2024). Net income: ₹3.15b (down 38% from 3Q 2024). Profit margin: 4.5% (down from 8.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) missed analyst estimates by 27%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 06MRF Limited Declares Second Interim Dividend for the Financial Year Ending March 31, 2025, Payable on or After February 25, 2025MRF Limited announced that at the Board of Directors meeting held 6 February, 2025, the Board of Directors has declared a Second Interim Dividend of INR 3 per equity share [30%] for the financial year ending 31 March, 2025. The Company has fixed 14th February, 2025 as the record date for the purpose of payment of Second Interim Dividend. The Second Interim Dividend declared will be paid on or after 25February, 2025.
お知らせ • Jan 29MRF Limited to Report Q3, 2025 Results on Feb 06, 2025MRF Limited announced that they will report Q3, 2025 results on Feb 06, 2025
Declared Dividend • Nov 11Dividend of ₹3.00 announcedDividend of ₹3.00 is the same as last year. Ex-date: 19th November 2024 Payment date: 8th December 2024 Dividend yield will be 0.2%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (4% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 09Second quarter 2025 earnings released: EPS: ₹1,110 (vs ₹1,383 in 2Q 2024)Second quarter 2025 results: EPS: ₹1,110 (down from ₹1,383 in 2Q 2024). Revenue: ₹69.9b (up 13% from 2Q 2024). Net income: ₹4.71b (down 20% from 2Q 2024). Profit margin: 6.7% (down from 9.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 08MRF Limited Declares Interim Dividend, Payable on or After November 29, 2024MRF Limited announced that at the board meeting held on November 8, 2024, declared an Interim Dividend of INR 3/-per equity share [30%] for the financial year ending March 31, 2025. The company has fixed 19 November, 2024, as the record date for the purpose of payment of Interim Dividend. The Interim Dividend declared will be paid on or after November 29, 2024.
お知らせ • Oct 23+ 1 more updateMRF Limited to Report Q2, 2025 Results on Nov 08, 2024MRF Limited announced that they will report Q2, 2025 results on Nov 08, 2024
お知らせ • Sep 29MRF Limited Announces Cessation of DirectorsMRF Limited announced that consequent to the completion of their second term, Mr. Ashok Jacob (00018605), Mr. V Sridhar (DIN: 00020276), Mr. Vijay R Kirloskar (DIN: 00031253), Mr. Ranjit I. Jesudasen (DIN: 00020181), Dr. Salim Joseph Thomas (DIN: 00033022) and Mr. Jacob Kurian (DIN: 00860095) cease to be Independent Directors with effect from the close of business hours of September 28, 2024.
Reported Earnings • Aug 09First quarter 2025 earnings released: EPS: ₹1,346 (vs ₹1,388 in 1Q 2024)First quarter 2025 results: EPS: ₹1,346 (down from ₹1,388 in 1Q 2024). Revenue: ₹72.0b (up 12% from 1Q 2024). Net income: ₹5.71b (down 3.0% from 1Q 2024). Profit margin: 7.9% (down from 9.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 02MRF Limited Declares Final Dividend for the Financial Year Ended 31St March, 2024MRF Limited Declaration of a final dividend of INR 194/- (1940%) per equity share of INR 10 each of the Company for the financial year ended 31st March, 2024.
お知らせ • Jul 24MRF Limited to Report Q1, 2025 Results on Aug 08, 2024MRF Limited announced that they will report Q1, 2025 results on Aug 08, 2024
Upcoming Dividend • Jul 18Upcoming dividend of ₹194 per shareEligible shareholders must have bought the stock before 25 July 2024. Payment date: 31 August 2024. Payout ratio is a comfortable 4.1% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (0.5%).
Reported Earnings • Jul 07Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: ₹4,907 (up from ₹1,813 in FY 2023). Revenue: ₹251.7b (up 9.4% from FY 2023). Net income: ₹20.8b (up 171% from FY 2023). Profit margin: 8.3% (up from 3.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.5%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 17% per year.
Declared Dividend • Jun 29Dividend increased to ₹194Dividend of ₹194 is 15% higher than last year. Ex-date: 25th July 2024 Payment date: 31st August 2024 Dividend yield will be 0.2%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (4% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 28MRF Limited, Annual General Meeting, Aug 01, 2024MRF Limited, Annual General Meeting, Aug 01, 2024.
Price Target Changed • May 06Price target decreased by 7.1% to ₹108,034Down from ₹116,299, the current price target is an average from 9 analysts. New target price is 14% below last closing price of ₹126,059. Stock is up 29% over the past year. The company is forecast to post earnings per share of ₹4,698 for next year compared to ₹4,907 last year.
Reported Earnings • May 04Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: ₹4,907 (up from ₹1,813 in FY 2023). Revenue: ₹254.9b (up 11% from FY 2023). Net income: ₹20.8b (up 171% from FY 2023). Profit margin: 8.2% (up from 3.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.5%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 18% per year.
お知らせ • May 03MRF Limited Recommends Final Dividend for the Financial Year Ended 31 March, 2024MRF Limited announced that at the board meeting held on May 3, 2024 have recommended a final dividend of INR 194 - (1940%) per share of INR 10 each. The Company has already declared and paid two interim dividends of INR 3 (30%) each per share for the financial year ended 31 March, 2024. The total dividend for the financial year ended 31 March 2024 works out to INR 200 - (2000%) per share of INR 10 each.
Upcoming Dividend • Feb 14Upcoming dividend of ₹3.00 per share at 0.1% yieldEligible shareholders must have bought the stock before 21 February 2024. Payment date: 11 March 2024. Payout ratio is a comfortable 3.7% but the company is paying out more than the cash it is generating. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.7%).
Price Target Changed • Feb 12Price target increased by 8.4% to ₹112,217Up from ₹103,563, the current price target is an average from 9 analysts. New target price is 21% below last closing price of ₹142,718. Stock is up 61% over the past year. The company is forecast to post earnings per share of ₹5,182 for next year compared to ₹1,813 last year.
Declared Dividend • Feb 11Dividend of ₹3.00 announcedDividend of ₹3.00 is the same as last year. Ex-date: 21st February 2024 Payment date: 11th March 2024 Dividend yield will be 0.1%, which is lower than the industry average of 0.6%. Payout Ratios Payout ratio: 4%. Cash payout ratio: 129%.
Reported Earnings • Feb 10Third quarter 2024 earnings released: EPS: ₹1,202 (vs ₹412 in 3Q 2023)Third quarter 2024 results: EPS: ₹1,202 (up from ₹412 in 3Q 2023). Revenue: ₹62.4b (up 11% from 3Q 2023). Net income: ₹5.10b (up 192% from 3Q 2023). Profit margin: 8.2% (up from 3.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 09MRF Limited Declares Second Interim Dividend for the Financial Year Ending 31st March, 2024, Payable on or After 4th March, 2024MRF Limited at its board meeting held on February 9, 2024, the Board of Directors declared a Second Interim Dividend of INR 3 per equity share (30%) for the financial year ending 31st March, 2024. The Company has fixed 21st February, 2024 as the Record Date for the purpose of payment of Second Interim Dividend. The Second Interim Dividend declared will be paid on or after 4th March, 2024.
お知らせ • Jan 25MRF Limited to Report Q3, 2024 Results on Feb 09, 2024MRF Limited announced that they will report Q3, 2024 results on Feb 09, 2024
Upcoming Dividend • Nov 10Upcoming dividend of ₹3.00 per share at 0.2% yieldEligible shareholders must have bought the stock before 17 November 2023. Payment date: 03 December 2023. Payout ratio is a comfortable 4.4% but the company is paying out more than the cash it is generating. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.8%).
Reported Earnings • Nov 04Second quarter 2024 earnings released: EPS: ₹1,383 (vs ₹306 in 2Q 2023)Second quarter 2024 results: EPS: ₹1,383 (up from ₹306 in 2Q 2023). Revenue: ₹62.2b (up 6.7% from 2Q 2023). Net income: ₹5.87b (up 352% from 2Q 2023). Profit margin: 9.4% (up from 2.2% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
お知らせ • Nov 04MRF Limited Declares an Interim Dividend for the Financial Year Ending March 31, 2024, Payable on or After November 30, 2023The Board of Directors of MRF Limited has declared an Interim Dividend of INR 3/-per equity share [30%] for the financial year ending March 31, 2024. The company has fixed November 17,2023, as the record date for the purpose of payment of Interim Dividend. The Interim Dividend declared will be paid on or after November 30, 2023.
お知らせ • Oct 22MRF Limited to Report Q2, 2024 Results on Nov 03, 2023MRF Limited announced that they will report Q2, 2024 results on Nov 03, 2023
お知らせ • Sep 26MRF Limited Provides Update on Order Of Competition Commission Of India (CCI) And Subsequent Appeal Pending Before Supreme CourtMRF Limited announced that reference to letters dated 3 February 2022, 2 December 2022 and 14 August 2023. It may be recalled that the CCI had in February 2022 issued its order against MRF Limited, four other Indian tyre manufacturers and also the Automotive Tyre Manufacturers Association, for breach of the Competition Act, 2002 during the year 2011-12. The Commission had imposed a penalty of INR 622.09 Crores on MRF Limited (apart from penalties levied on others). An appeal was preferred against the above order before the National Company Law Appellate Tribunal (NCLAT) and NCLAT had in December 2022 disposed off the appeal by remanding the matter back to CCI for review after hearing the parties. Against this Order of the NCLAT, CCI had filed an appeal before the Supreme Court and the same is pending. In the meantime, MRF Limited had also filed an appeal before the Supreme Court against the Order of NCLAT since NCLAT has, after giving categorical findings in favor of the Appellants (i.e. Tyre Companies and its association), instead of allowing the appeals, erroneously remanded the same back to CCI for review. MRF's appeal came up for hearing and the Supreme Court has ordered notice and tagged the appeal along with the appeal filed by the CCI.
New Risk • Sep 26New major risk - Revenue and earnings growthEarnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Reported Earnings • Aug 04First quarter 2024 earnings released: EPS: ₹1,388 (vs ₹291 in 1Q 2023)First quarter 2024 results: EPS: ₹1,388 (up from ₹291 in 1Q 2023). Revenue: ₹64.4b (up 13% from 1Q 2023). Net income: ₹5.89b (up 376% from 1Q 2023). Profit margin: 9.1% (up from 2.2% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.
お知らせ • Jul 29MRF Limited Approves Final Dividend on Equity Share of the Company for the Financial Year Ended March 31, 2023MRF Limited approved final dividend of INR 169 per equity share of INR 10 each of the company for the financial year ended March 31, 2023 at the Annual General Meeting held on July 27, 2023.
Upcoming Dividend • Jul 13Upcoming dividend of ₹169 per share at 0.2% yieldEligible shareholders must have bought the stock before 20 July 2023. Payment date: 21 August 2023. Payout ratio is a comfortable 9.7% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.8%).
Reported Earnings • Jul 06Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: ₹1,813 (up from ₹1,578 in FY 2022). Revenue: ₹230.2b (up 19% from FY 2022). Net income: ₹7.69b (up 15% from FY 2022). Profit margin: 3.3% (down from 3.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.3%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
お知らせ • Jun 22MRF Limited, Annual General Meeting, Jul 27, 2023MRF Limited, Annual General Meeting, Jul 27, 2023.
Price Target Changed • May 11Price target increased by 7.4% to ₹79,982Up from ₹74,468, the current price target is an average from 9 analysts. New target price is 18% below last closing price of ₹97,362. Stock is up 44% over the past year. The company is forecast to post earnings per share of ₹3,840 for next year compared to ₹1,813 last year.
お知らせ • May 04MRF Limited Recommends Final Dividend for the Financial Year Ended March 31, 2023MRF Limited at its board meeting held on May 03,2023, recommended a final dividend of INR 169/- (1690%) per share of INR 10 each. The Company has already declared and paid two interim dividends of INR 3/- (30%) each per share for the financial year ended 31st March, 2023. The total dividend for the financial year ended 31 March 2023 works out to INR 175 (1750%) per share of INR 10 each.
Reported Earnings • May 04Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: ₹1,813 (up from ₹1,578 in FY 2022). Revenue: ₹230.1b (up 19% from FY 2022). Net income: ₹7.69b (up 15% from FY 2022). Profit margin: 3.3% (down from 3.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.3%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
Upcoming Dividend • Feb 14Upcoming dividend of ₹3.00 per share at 0.2% yieldEligible shareholders must have bought the stock before 21 February 2023. Payment date: 11 March 2023. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (0.6%).
Reported Earnings • Feb 12Third quarter 2023 earnings released: EPS: ₹412 (vs ₹352 in 3Q 2022)Third quarter 2023 results: EPS: ₹412 (up from ₹352 in 3Q 2022). Revenue: ₹56.4b (up 15% from 3Q 2022). Net income: ₹1.75b (up 17% from 3Q 2022). Profit margin: 3.1% (up from 3.0% in 3Q 2022). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
お知らせ • Feb 09MRF Limited Declares Second Interim Dividend for the Financial Year Ending March 31, 2023, Payable on or After March 6, 2023The Board of Directors of MRF Limited has declared a Second Interim Dividend of INR 3 per equity share [30%] for the financial year ending 31 March,2023. The Company has fixed 21 February, 2023 as the Record Date for the purpose of payment of Second Interim Dividend. The Second Interim Dividend declared will be paid on or after 6th March, 2023.
お知らせ • Feb 08MRF Limited Announces Appointment of Independent DirectorsMRF Limited appointed Mr. Vikram Taranath Hosangady (DIN:09757469), Mr. Ramesh Rangarajan (DIN: 00141701) and Mr. Dinshaw Keku Parakh (DIN: 00238735) as the Independent Directors of the Company with effect from the date of receipt of approval of the shareholders or the date of receipt of requisite clearances as may be required under applicable law for such appointment, whichever is later. Company has received necessary clearances from Government of India, on 7th February, 2023 for the appointments of Mr. Vikram Taranath Hosangady, Mr. Ramesh Rangarajan and Mr. Dinshaw Keku Parakh as Independent Directors of the Company. Accordingly, the appointment of Mr. Vikram Taranath Hosangady, Mr. Ramesh Rangarajan and Mr. Dinshaw Keku Parakh as Independent Directors of the Company takes effect from 7th February, 2023. Mr. Vikram Taranath Hosangady is a seasoned business leader and finance professional with over 25 years of experience in being a strategic partner to global PEs and corporations, in their value creation journey. He has a progressive history of working with several founders of emerging corporates, in their journey of increased professionalism, governance, listing in locallglobal markets, guiding, hiring of board members and mentoring of next generation leader. Mr. Vikram Taranath Hosangady is a gold medallist in Commerce from Loyola College, Chennai and is a member of the Institute of Chartered Accountants of India and Institute of Cost Accountants of India. Mr. Vikram Taranath Hosangady worked with KPMG in various positions from 2005 to 2022. He last held the position of head of Clients and Markets and Member of the India Leadership Team from 2021 to 2022. Prior to KPMG, he worked with EY in Deal Advisory wing from 2002 to 2004 and Arthur Anderson's, Audit wing from 1996 to 2001. Mr. Ramesh Rangarajan is a family member of THE HINDU group of publications. He is the son of Late Shri S Rangarajan, who was the Chairman of MIs Kasturi ft Sons Limited). Mr. Ramesh Rangarajan is a graduate in Economics from Loyola College, Chennai and has wide and rich experience in the field of Advertising and Marketing. He was on the Board of MIs Kasturi ft Sons Limited for 25 years and served in THE HINDU for over 30 years. During his tenure with THE HINDU, he was spearheading the Advertising and Circulation Departments and brought in many innovations which helped boost revenue growth of the newspaper. Mr. Dinshaw Keku Parakh is the Managing Partner of Tarapore & Company, a firm involved in the construction and engineering business. Tarapore & Company has undertaken many projects all over the Country in its 9 decades of existence so far and are one of the main contractors for Prestige Builders, executing numerous projects for them in and around Bangalore.Other than contracting, the Company operates in the hospitality segment. Mr. Dinshaw Keku Parakh has over 25 years of experience in business and currently manages the day-to-day operations and finances of the firm. Mr. Dinshaw Keku Parakh holds a Bachelor's degree in Arts from D.G Vaishnav College, Chennai and a Masters degree in Business Administration from Clarks University, USA. Mr. Dinshaw Keku Parakh currently serves on the Board of Directors at SICGIL India, as Joint Managing Director of Narbod Constructions, which runs the slag operations at Tata Steel, Jamshedpur. Apart from the involvement in his core business, Mr. Dinshaw Keku Parakh is also a trustee of family charitable trusts, which supports underprivileged sections of the society in education and healthcare. Mr. Dinshaw Keku Parakh is also the president of the Venkatesapuram Tarapore Educational Trust which runs several schools from Nursery up to the High School level in Chennai.
お知らせ • Jan 28MRF Limited to Report Q3, 2023 Results on Feb 09, 2023MRF Limited announced that they will report Q3, 2023 results on Feb 09, 2023
お知らせ • Nov 09MRF Limited Declares Interim Dividend for the Financial Year Ending 31 March 2023, Payable on or After 2 December 2022The board of directors of MRF Limited at meeting held on 08 November 2022, has declared an Interim Dividend of INR 3/-per equity share [30%] for the financial year ending 31 March 2023. the company has fixed 18 November, 2022, as the record date for the purpose of payment of Interim Dividend. The Interim Dividend declared will be paid on or after 2 December,2022.
Reported Earnings • Nov 09Second quarter 2023 earnings released: EPS: ₹306 (vs ₹446 in 2Q 2022)Second quarter 2023 results: EPS: ₹306 (down from ₹446 in 2Q 2022). Revenue: ₹58.3b (up 19% from 2Q 2022). Net income: ₹1.30b (down 31% from 2Q 2022). Profit margin: 2.2% (down from 3.9% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
お知らせ • Oct 28MRF Limited to Report Q2, 2023 Results on Nov 08, 2022MRF Limited announced that they will report Q2, 2023 results on Nov 08, 2022
Major Estimate Revision • Aug 16Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 revenue forecast increased from ₹218.6b to ₹227.6b. EPS estimate fell from ₹2,313 to ₹1,977 per share. Net income forecast to grow 58% next year vs 36% growth forecast for Auto Components industry in India. Consensus price target up from ₹67,657 to ₹69,752. Share price fell 5.1% to ₹83,250 over the past week.
Reported Earnings • Aug 10First quarter 2023 earnings released: EPS: ₹291 (vs ₹390 in 1Q 2022)First quarter 2023 results: EPS: ₹291 (down from ₹390 in 1Q 2022). Revenue: ₹57.0b (up 36% from 1Q 2022). Net income: ₹1.24b (down 25% from 1Q 2022). Profit margin: 2.2% (down from 4.0% in 1Q 2022). Over the next year, revenue is forecast to grow 11%, compared to a 18% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
お知らせ • Aug 05MRF Limited Declares Final Dividend for the Financial Year Ended March 31, 2022MRF Limited at its AGM held on August 4,2022, declared of a final dividend of INR 144 per equity share of INR 10 each of the Company for the financial year ended 31st March, 2022.
お知らせ • Jul 28MRF Limited to Report Q1, 2023 Results on Aug 09, 2022MRF Limited announced that they will report Q1, 2023 results on Aug 09, 2022
Upcoming Dividend • Jul 20Upcoming dividend of ₹144 per shareEligible shareholders must have bought the stock before 27 July 2022. Payment date: 03 September 2022. Payout ratio is a comfortable 9.5% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.8%). Lower than average of industry peers (0.7%).
Reported Earnings • Jul 12Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: ₹1,578 (down from ₹3,011 in FY 2021). Revenue: ₹193.2b (up 19% from FY 2021). Net income: ₹6.69b (down 48% from FY 2021). Profit margin: 3.5% (down from 7.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Over the next year, revenue is forecast to grow 13%, compared to a 22% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
お知らせ • Jul 02MRF Limited, Annual General Meeting, Aug 04, 2022MRF Limited, Annual General Meeting, Aug 04, 2022.
Major Estimate Revision • May 17Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 EPS estimate fell from ₹3,214 to ₹2,253 per share. Revenue forecast steady at ₹220.0b. Net income forecast to grow 43% next year vs 30% growth forecast for Auto Components industry in India. Consensus price target broadly unchanged at ₹69,726. Share price rose 7.7% to ₹73,983 over the past week.
Reported Earnings • May 12Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: ₹1,578 (down from ₹3,011 in FY 2021). Revenue: ₹196.3b (up 21% from FY 2021). Net income: ₹6.69b (down 48% from FY 2021). Profit margin: 3.4% (down from 7.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Over the next year, revenue is forecast to grow 14%, compared to a 18% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
お知らせ • May 12MRF Limited Recommends Final DividendMRF Limited announced that at its board meeting held on May 10, 2022, the Board of Directors have recommended a final dividend of INR 144 per share of INR 10 each.
お知らせ • May 02MRF Limited to Report Q4, 2022 Results on May 10, 2022MRF Limited announced that they will report Q4, 2022 results on May 10, 2022
お知らせ • Feb 11MRF Limited Declares Second Interim Dividend for the Financial Year Ending March 31, 2022, Payable on or after March 4, 2022The Board of Directors of MRF Limited at its meeting held on February 10, 2022, the board has declared a second interim dividend of INR 3 per equity share for the financial year ending March 31, 2022. The Company has fixed February 18, 2022 as the Record Date for the purpose of payment of Second Interim Dividend. The Second Interim Dividend declared will be paid on or after March 4, 2022.
Reported Earnings • Feb 11Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: EPS: ₹352 (down from ₹1,227 in 3Q 2021). Revenue: ₹49.9b (up 7.5% from 3Q 2021). Net income: ₹1.49b (down 71% from 3Q 2021). Profit margin: 3.0% (down from 11% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 6.4%. Over the next year, revenue is forecast to grow 11%, compared to a 16% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 7% per year.
Major Estimate Revision • Feb 11Consensus EPS estimates fall by 25%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ₹202.4b to ₹192.4b. EPS estimate also fell from ₹2,455 per share to ₹1,850 per share. Net income forecast to shrink 7.6% next year vs 26% growth forecast for Auto Components industry in India . Consensus price target down from ₹79,720 to ₹75,946. Share price fell 2.6% to ₹68,266 over the past week.
お知らせ • Jan 30MRF Limited to Report Q3, 2022 Results on Feb 10, 2022MRF Limited announced that they will report Q3, 2022 results on Feb 10, 2022
Reported Earnings • Nov 10Second quarter 2022 earnings released: EPS ₹446 (vs ₹969 in 2Q 2021)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹49.1b (up 16% from 2Q 2021). Net income: ₹1.89b (down 54% from 2Q 2021). Profit margin: 3.9% (down from 9.7% in 2Q 2021). The decrease in margin was driven by higher expenses.
Major Estimate Revision • Aug 16Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ₹3,154 to ₹2,789 per share. Revenue forecast steady at ₹190.7b. Net income forecast to shrink 9.9% next year vs 28% growth forecast for Auto Components industry in India . Consensus price target broadly unchanged at ₹81,836. Share price was steady at ₹78,517 over the past week.
お知らせ • Aug 14MRF Limited Approve Special Dividend of for the Financial Year Ended March 31, 2021MRF Limited at its annual general meeting held on August 12, 2021 approved special dividend of INR 50 per share for the financial year ended March 31, 2021.
Upcoming Dividend • Jul 28Upcoming dividend of ₹144 per shareEligible shareholders must have bought the stock before 04 August 2021. Payment date: 11 September 2021. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (0.7%).
Reported Earnings • Jul 22Full year 2021 earnings released: EPS ₹3,011 (vs ₹3,354 in FY 2020)The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: ₹161.8b (flat on FY 2020). Net income: ₹12.8b (down 10% from FY 2020). Profit margin: 7.9% (down from 8.7% in FY 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Jul 02Insider recently sold ₹103m worth of stockOn the 29th of June, Soma Philips sold around 1k shares on-market at roughly ₹80,497 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹340m more than they bought in the last 12 months.
Major Estimate Revision • Jun 14Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₹185.9b to ₹189.2b. EPS estimate fell from ₹3,681 to ₹3,071 per share. Net income forecast to grow 2.0% next year vs 84% growth forecast for Auto Components industry in India. Consensus price target down from ₹85,204 to ₹81,968. Share price was steady at ₹82,496 over the past week.
Reported Earnings • Jun 08Full year 2021 earnings released: EPS ₹3,011 (vs ₹3,354 in FY 2020)The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: ₹163.7b (flat on FY 2020). Net income: ₹12.8b (down 10% from FY 2020). Profit margin: 7.8% (down from 8.7% in FY 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Feb 18Analysts increase EPS estimates to ₹3,216The 2021 consensus revenue estimate increased from ₹156.6b to ₹159.9b. The earnings per share estimate also received an upgrade from ₹2,724 to ₹3,216 for the same period. Net income is expected to shrink by 6.9% next year compared to 107% growth forecast for the Auto Components industry in India . The consensus price target increased from ₹73,608 to ₹81,342. Share price is down by 1.3% to ₹88,908 over the past week.
Price Target Changed • Feb 13Price target raised to ₹79,251Up from ₹73,608, the current price target is an average from 3 analysts. The new target price is 13% below the current share price of ₹91,213. As of last close, the stock is up 27% over the past year.
Reported Earnings • Feb 12Third quarter 2021 earnings released: EPS ₹1,227 (vs ₹569 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹47.1b (up 15% from 3Q 2020). Net income: ₹5.21b (up 116% from 3Q 2020). Profit margin: 11% (up from 5.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 9% per year.
Is New 90 Day High Low • Feb 09New 90-day high: ₹93,751The company is up 37% from its price of ₹68,575 on 11 November 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 35% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹33,598 per share.
お知らせ • Jan 28MRF Limited to Report Q3, 2021 Results on Feb 11, 2021MRF Limited announced that they will report Q3, 2021 results on Feb 11, 2021
Is New 90 Day High Low • Jan 08New 90-day high: ₹80,657The company is up 37% from its price of ₹58,770 on 09 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹31,900 per share.
Recent Insider Transactions • Dec 18Insider recently sold ₹9.7m worth of stockOn the 14th of December, Arjun Joseph sold around 125 shares on-market at roughly ₹77,782 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹67m. Insiders have been net sellers, collectively disposing of ₹119m more than they bought in the last 12 months.
