MRF Limited

BSE:500290 Stock Report

Market Cap: ₹548.0b

MRF Valuation

Is 500290 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 500290 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 500290 (₹129201.75) is trading above our estimate of fair value (₹66985.65)

Significantly Below Fair Value: 500290 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 500290?

Key metric: As 500290 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 500290. This is calculated by dividing 500290's market cap by their current earnings.
What is 500290's PE Ratio?
PE Ratio28.1x
Earnings₹19.48b
Market Cap₹548.01b

Price to Earnings Ratio vs Peers

How does 500290's PE Ratio compare to its peers?

The above table shows the PE ratio for 500290 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.7x
502355 Balkrishna Industries
34.3x14.7%₹559.5b
APOLLOTYRE Apollo Tyres
23.1x18.7%₹334.4b
500878 CEAT
22.8x20.4%₹128.8b
530007 JK Tyre & Industries
14.5x18.6%₹106.6b
500290 MRF
28.1x10.9%₹548.0b

Price-To-Earnings vs Peers: 500290 is expensive based on its Price-To-Earnings Ratio (28.1x) compared to the peer average (23.7x).

Price to Earnings Ratio vs Industry

How does 500290's PE Ratio compare vs other companies in the IN Auto Components Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
513262 Steel Strips Wheels
5x-31.3%US$385.45m
505100 India Radiators
0.9xn/aUS$97.74k
523415 Coventry Coil-O-Matic (Haryana)
0.9xn/aUS$88.40k
No more companies available in this PE range
500290 28.1xIndustry Avg. 31.1xNo. of Companies16PE020406080100+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 500290 is good value based on its Price-To-Earnings Ratio (28.1x) compared to the Indian Auto Components industry average (31.1x).

Price to Earnings Ratio vs Fair Ratio

What is 500290's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

500290 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.1x
Fair PE Ratio28.5x

Price-To-Earnings vs Fair Ratio: 500290 is good value based on its Price-To-Earnings Ratio (28.1x) compared to the estimated Fair Price-To-Earnings Ratio (28.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 500290 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹129,201.75
₹118,574.22
-8.2%
17.8%₹160,000.00₹92,500.00n/a9
Dec ’25₹125,174.25
₹118,574.22
-5.3%
17.8%₹160,000.00₹92,500.00n/a9
Nov ’25₹123,301.20
₹112,271.11
-8.9%
13.2%₹141,052.00₹92,500.00n/a9
Oct ’25₹140,171.85
₹112,063.89
-20.1%
13.3%₹141,052.00₹92,500.00n/a9
Sep ’25₹134,861.95
₹112,063.89
-16.9%
13.3%₹141,052.00₹92,500.00n/a9
Aug ’25₹140,219.95
₹108,631.11
-22.5%
15.0%₹141,082.00₹87,000.00n/a9
Jul ’25₹129,677.90
₹107,553.33
-17.1%
15.8%₹141,082.00₹87,000.00n/a9
Jun ’25₹125,444.65
₹107,553.33
-14.3%
15.8%₹141,082.00₹87,000.00n/a9
May ’25₹133,006.40
₹116,299.00
-12.6%
18.1%₹149,209.00₹90,000.00n/a9
Apr ’25₹135,788.65
₹113,147.44
-16.7%
16.7%₹149,209.00₹90,000.00n/a9
Mar ’25₹145,103.75
₹113,147.44
-22.0%
16.7%₹149,209.00₹90,000.00n/a9
Feb ’25₹142,734.85
₹103,562.67
-27.4%
15.5%₹126,000.00₹77,500.00n/a9
Jan ’25₹129,439.20
₹98,481.38
-23.9%
14.7%₹118,500.00₹77,500.00₹129,285.858
Dec ’24₹111,417.60
₹96,110.11
-13.7%
15.5%₹118,500.00₹77,500.00₹125,174.259
Nov ’24₹108,591.75
₹93,245.67
-14.1%
13.7%₹118,391.00₹77,250.00₹123,301.209
Oct ’24₹107,279.40
₹93,023.44
-13.3%
13.7%₹118,391.00₹77,250.00₹140,171.859
Sep ’24₹107,988.25
₹93,279.00
-13.6%
13.8%₹118,391.00₹77,250.00₹134,861.959
Aug ’24₹103,318.50
₹82,562.78
-20.1%
14.2%₹101,525.00₹66,000.00₹140,219.959
Jul ’24₹101,244.25
₹82,273.89
-18.7%
14.4%₹101,525.00₹66,000.00₹129,677.909
Jun ’24₹97,572.15
₹81,187.22
-16.8%
15.5%₹101,525.00₹66,000.00₹125,444.659
May ’24₹88,951.70
₹74,468.44
-16.3%
11.2%₹92,596.00₹63,000.00₹133,006.409
Apr ’24₹84,046.95
₹74,801.78
-11.0%
11.1%₹92,596.00₹63,000.00₹135,788.659
Mar ’24₹86,024.00
₹74,801.78
-13.0%
11.1%₹92,596.00₹63,000.00₹145,103.759
Feb ’24₹91,985.40
₹75,071.75
-18.4%
11.0%₹89,153.00₹66,000.00₹142,734.858
Jan ’24₹88,531.10
₹74,842.50
-15.5%
11.0%₹89,153.00₹66,000.00₹129,439.208

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 01:14
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

MRF Limited is covered by 22 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAnand Rathi Shares and Stock Brokers Limited
Mumuksh MandleshaAnand Rathi Shares and Stock Brokers Limited
Shareen BatatawalaAngel Broking Private Limited