View Future GrowthMRF 過去の業績過去 基準チェック /56MRFは、平均年間20%の収益成長を遂げていますが、 Auto Components業界の収益は、年間 成長しています。収益は、平均年間17.2% 11.6%収益成長率で 成長しています。 MRFの自己資本利益率は11.6%であり、純利益率は7.8%です。主要情報20.01%収益成長率20.01%EPS成長率Auto Components 業界の成長16.66%収益成長率11.56%株主資本利益率11.57%ネット・マージン7.79%前回の決算情報31 Mar 2026最近の業績更新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, 2026Reported 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, 2026Reported 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すべての更新を表示Recent updatesDeclared 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 7.7% 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.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.収支内訳MRF の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史NSEI:MRF 収益、費用、利益 ( )INR Millions日付収益収益G+A経費研究開発費31 Mar 26311,49024,26120,459031 Dec 25301,97522,30021,893030 Sep 25291,47918,53721,452030 Jun 25286,50317,98721,286031 Mar 25281,71018,69321,085031 Dec 24274,32117,53322,143030 Sep 24265,93819,47521,946030 Jun 24259,29820,63521,604031 Mar 24251,73620,81221,284031 Dec 23246,68120,25820,190030 Sep 23241,50216,90919,808030 Jun 23237,59412,34119,375031 Mar 23230,1507,68918,869031 Dec 22224,8675,93517,895030 Sep 22217,6235,68117,591030 Jun 22208,4386,27317,449031 Mar 22193,3186,69217,333031 Dec 21188,4988,36216,190030 Sep 21185,71312,07316,380030 Jun 21179,07914,29215,920031 Mar 21161,84612,77115,467031 Dec 20150,76016,23917,438030 Sep 20145,10113,44716,887030 Jun 20142,29211,62813,470031 Mar 20162,83514,22616,829031 Dec 19167,69610,37516,859030 Sep 19167,88910,87016,442030 Jun 19167,28011,36316,017031 Mar 19161,40211,30615,644031 Mar 18149,82511,31614,279031 Mar 17134,12214,86213,234031 Mar 16134,53516,72911,5180質の高い収益: MRFは 高品質の収益 を持っています。利益率の向上: MRFの現在の純利益率 (7.8%)は、昨年(6.6%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: MRFの収益は過去 5 年間で年間20%増加しました。成長の加速: MRFの過去 1 年間の収益成長率 ( 29.8% ) は、5 年間の平均 ( 年間20%を上回っています。収益対業界: MRFの過去 1 年間の収益成長率 ( 29.8% ) はAuto Components業界13.8%を上回りました。株主資本利益率高いROE: MRFの 自己資本利益率 ( 11.6% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YAutomobiles 、過去の業績が好調な企業。View Financial Health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2026/07/14 17:07終値2026/07/14 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。23 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 Limited20 その他のアナリストを表示
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
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
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
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 7.7% 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.
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.