MRF（MRF）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MRF 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（ 22.2 x） Indian市場（ 23.2 x）を下回っています。収益は年間10.47%増加すると予測されています 過去1年間で収益は29.8%増加しました リスク分析リスクチェックの結果、MRF 、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MRF Community Fair Values Create NarrativeSee what 9 others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value₹Current Price₹126.79k31.2% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0467b2016201920222025202620282031Revenue ₹466.9bEarnings ₹36.4bAdvancedSet Fair ValueView all narrativesMRF Limited 競合他社Balkrishna IndustriesSymbol: BSE:502355Market cap: ₹426.1bApollo TyresSymbol: NSEI:APOLLOTYREMarket cap: ₹236.2bCEATSymbol: BSE:500878Market cap: ₹128.6bJK Tyre & IndustriesSymbol: BSE:530007Market cap: ₹105.0b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₹126,785.0052週高値₹163,600.0052週安値₹123,455.00ベータ0.201ヶ月の変化-7.48%3ヶ月変化-13.39%1年変化-11.75%3年間の変化29.53%5年間の変化52.05%IPOからの変化3,983.25%最新ニュース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 7.7% above last closing price of ₹128,910. Stock is down 7.9% 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.分析記事 • May 10Analysts Are Updating Their MRF Limited (NSE:MRF) Estimates After Its Full-Year ResultsAs you might know, MRF Limited ( NSE:MRF ) recently reported its annual numbers. MRF reported in line with analyst...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 10% 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分析記事 • Feb 10Analyst Estimates: Here's What Brokers Think Of MRF Limited (NSE:MRF) After Its Third-Quarter ReportInvestors in MRF Limited ( NSE:MRF ) had a good week, as its shares rose 8.6% to close at ₹145,310 following the...分析記事 • Feb 09MRF (NSE:MRF) Is Paying Out A Dividend Of ₹3.00MRF Limited ( NSE:MRF ) will pay a dividend of ₹3.00 on the 8th of March. Including this payment, the dividend yield on...最新情報をもっと見るRecent updatesPrice 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 7.7% above last closing price of ₹128,910. Stock is down 7.9% 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.分析記事 • May 10Analysts Are Updating Their MRF Limited (NSE:MRF) Estimates After Its Full-Year ResultsAs you might know, MRF Limited ( NSE:MRF ) recently reported its annual numbers. MRF reported in line with analyst...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 10% 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分析記事 • Feb 10Analyst Estimates: Here's What Brokers Think Of MRF Limited (NSE:MRF) After Its Third-Quarter ReportInvestors in MRF Limited ( NSE:MRF ) had a good week, as its shares rose 8.6% to close at ₹145,310 following the...分析記事 • Feb 09MRF (NSE:MRF) Is Paying Out A Dividend Of ₹3.00MRF Limited ( NSE:MRF ) will pay a dividend of ₹3.00 on the 8th of March. Including this payment, the dividend yield on...Declared Dividend • Feb 08Dividend 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分析記事 • Dec 27Slowing Rates Of Return At MRF (NSE:MRF) Leave Little Room For ExcitementWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...分析記事 • Dec 09MRF (NSE:MRF) Has A Pretty Healthy Balance SheetHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Nov 19Analysts Have Made A Financial Statement On MRF Limited's (NSE:MRF) Second-Quarter ReportAs you might know, MRF Limited ( NSE:MRF ) recently reported its second-quarter numbers. Revenues came in 4.1% below...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分析記事 • Oct 11Some Confidence Is Lacking In MRF Limited's (NSE:MRF) P/EWhen close to half the companies in India have price-to-earnings ratios (or "P/E's") below 27x, you may consider MRF...分析記事 • Sep 20The Return Trends At MRF (NSE:MRF) Look PromisingWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...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分析記事 • Aug 01It's Unlikely That MRF Limited's (NSE:MRF) CEO Will See A Huge Pay Rise This YearKey Insights MRF will host its Annual General Meeting on 7th of August Total pay for CEO K. M. Mammen includes ₹190.2m...分析記事 • Jul 22MRF's (NSE:MRF) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsA lackluster earnings announcement from MRF Limited ( NSE:MRF ) last week didn't sink the stock price. Our analysis...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.分析記事 • Jun 15We Think MRF (NSE:MRF) Can Stay On Top Of Its DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • May 28Returns At MRF (NSE:MRF) Appear To Be Weighed DownIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...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 ₹139,925. Stock is up 8.6% 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, 2025Major Estimate Revision • Feb 13Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from ₹4,671 to ₹4,156 per share. Revenue forecast steady at ₹281.9b. Net income forecast to grow 22% next year vs 24% growth forecast for Auto Components industry in India. Consensus price target broadly unchanged at ₹116,536. Share price fell 3.8% to ₹109,767 over the past week.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, 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 07Price 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 13% below last closing price of ₹124,515. Stock is up 28% 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 22% below last closing price of ₹143,803. Stock is up 62% 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.Major Estimate Revision • Aug 10Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ₹4,376 to ₹4,909. Revenue forecast steady at ₹252.6b. Net income forecast to grow 61% next year vs 44% growth forecast for Auto Components industry in India. Consensus price target up from ₹82,563 to ₹91,865. Share price was steady at ₹106,356 over the past week.Price Target Changed • Aug 05Price target increased by 11% to ₹91,865Up from ₹82,563, the current price target is an average from 9 analysts. New target price is 17% below last closing price of ₹111,297. Stock is up 25% over the past year. The company is forecast to post earnings per share of ₹4,255 for next year compared to ₹1,813 last year.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 10Price 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 ₹97,229. Stock is up 43% 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.Major Estimate Revision • May 10Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ₹3,436 to ₹3,840. Revenue forecast steady at ₹246.6b. Net income forecast to grow 112% next year vs 46% growth forecast for Auto Components industry in India. Consensus price target up from ₹74,468 to ₹78,990. Share price rose 3.9% to ₹97,229 over the past week.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.株主還元MRFIN Auto ComponentsIN 市場7D-1.4%0.8%-0.2%1Y-11.8%9.4%0.02%株主還元を見る業界別リターン: MRF過去 1 年間で9.4 % 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: MRFは、過去 1 年間で0 % のリターンを上げたIndian市場を下回りました。価格変動Is MRF's price volatile compared to industry and market?MRF volatilityMRF Average Weekly Movement3.7%Auto Components Industry Average Movement6.7%Market Average Movement7.2%10% most volatile stocks in IN Market10.1%10% least volatile stocks in IN Market4.8%安定した株価: MRF 、 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: MRFの 週次ボラティリティ ( 4% ) 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194617,850K. 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。MRF 基礎統計学時価総額₹534.68b収益（TTM）₹24.26b売上高(TTM)₹311.49b22.2xPER（株価収益率1.7xP/SレシオMRF 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MRF 損益計算書（TTM）収益₹311.49b売上原価₹195.23b売上総利益₹116.26bその他の費用₹92.00b収益₹24.26b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）5.72kグロス・マージン37.32%純利益率7.79%有利子負債／自己資本比率11.3%MRF 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2026/05/22 14:13終値2026/05/22 00:00収益2026/03/31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本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、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。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 9 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
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 7.7% above last closing price of ₹128,910. Stock is down 7.9% 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.
分析記事 • May 10Analysts Are Updating Their MRF Limited (NSE:MRF) Estimates After Its Full-Year ResultsAs you might know, MRF Limited ( NSE:MRF ) recently reported its annual numbers. MRF reported in line with analyst...
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 10% 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
分析記事 • Feb 10Analyst Estimates: Here's What Brokers Think Of MRF Limited (NSE:MRF) After Its Third-Quarter ReportInvestors in MRF Limited ( NSE:MRF ) had a good week, as its shares rose 8.6% to close at ₹145,310 following the...
分析記事 • Feb 09MRF (NSE:MRF) Is Paying Out A Dividend Of ₹3.00MRF Limited ( NSE:MRF ) will pay a dividend of ₹3.00 on the 8th of March. Including this payment, the dividend yield on...
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 7.7% above last closing price of ₹128,910. Stock is down 7.9% 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.
分析記事 • May 10Analysts Are Updating Their MRF Limited (NSE:MRF) Estimates After Its Full-Year ResultsAs you might know, MRF Limited ( NSE:MRF ) recently reported its annual numbers. MRF reported in line with analyst...
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 10% 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
分析記事 • Feb 10Analyst Estimates: Here's What Brokers Think Of MRF Limited (NSE:MRF) After Its Third-Quarter ReportInvestors in MRF Limited ( NSE:MRF ) had a good week, as its shares rose 8.6% to close at ₹145,310 following the...
分析記事 • Feb 09MRF (NSE:MRF) Is Paying Out A Dividend Of ₹3.00MRF Limited ( NSE:MRF ) will pay a dividend of ₹3.00 on the 8th of March. Including this payment, the dividend yield on...
Declared Dividend • Feb 08Dividend 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
分析記事 • Dec 27Slowing Rates Of Return At MRF (NSE:MRF) Leave Little Room For ExcitementWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
分析記事 • Dec 09MRF (NSE:MRF) Has A Pretty Healthy Balance SheetHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Nov 19Analysts Have Made A Financial Statement On MRF Limited's (NSE:MRF) Second-Quarter ReportAs you might know, MRF Limited ( NSE:MRF ) recently reported its second-quarter numbers. Revenues came in 4.1% below...
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
分析記事 • Oct 11Some Confidence Is Lacking In MRF Limited's (NSE:MRF) P/EWhen close to half the companies in India have price-to-earnings ratios (or "P/E's") below 27x, you may consider MRF...
分析記事 • Sep 20The Return Trends At MRF (NSE:MRF) Look PromisingWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
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
分析記事 • Aug 01It's Unlikely That MRF Limited's (NSE:MRF) CEO Will See A Huge Pay Rise This YearKey Insights MRF will host its Annual General Meeting on 7th of August Total pay for CEO K. M. Mammen includes ₹190.2m...
分析記事 • Jul 22MRF's (NSE:MRF) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsA lackluster earnings announcement from MRF Limited ( NSE:MRF ) last week didn't sink the stock price. Our analysis...
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.
分析記事 • Jun 15We Think MRF (NSE:MRF) Can Stay On Top Of Its DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • May 28Returns At MRF (NSE:MRF) Appear To Be Weighed DownIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
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 ₹139,925. Stock is up 8.6% 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
Major Estimate Revision • Feb 13Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from ₹4,671 to ₹4,156 per share. Revenue forecast steady at ₹281.9b. Net income forecast to grow 22% next year vs 24% growth forecast for Auto Components industry in India. Consensus price target broadly unchanged at ₹116,536. Share price fell 3.8% to ₹109,767 over the past week.
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 07Price 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 13% below last closing price of ₹124,515. Stock is up 28% 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 22% below last closing price of ₹143,803. Stock is up 62% 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.
Major Estimate Revision • Aug 10Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ₹4,376 to ₹4,909. Revenue forecast steady at ₹252.6b. Net income forecast to grow 61% next year vs 44% growth forecast for Auto Components industry in India. Consensus price target up from ₹82,563 to ₹91,865. Share price was steady at ₹106,356 over the past week.
Price Target Changed • Aug 05Price target increased by 11% to ₹91,865Up from ₹82,563, the current price target is an average from 9 analysts. New target price is 17% below last closing price of ₹111,297. Stock is up 25% over the past year. The company is forecast to post earnings per share of ₹4,255 for next year compared to ₹1,813 last year.
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 10Price 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 ₹97,229. Stock is up 43% 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.
Major Estimate Revision • May 10Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ₹3,436 to ₹3,840. Revenue forecast steady at ₹246.6b. Net income forecast to grow 112% next year vs 46% growth forecast for Auto Components industry in India. Consensus price target up from ₹74,468 to ₹78,990. Share price rose 3.9% to ₹97,229 over the past week.
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.
