MRF Ltd Share Price Target 2024, 2025 to 2030, Performance and More Details

MRF Ltd Share Price Target 2024, 2025 to 2030, Performance and More Details

MRF Ltd Share Price Target 2024, 2025 to 2030, Performance and More Details: We’ll analyze MRF Ltd Share Price Target 2024, 2025 to 2030, Performance and More Details . As a leading global tyre manufacturer, MRF Ltd continues to strengthen its market position through innovation, high-quality products, and a broad distribution network. With a focus on growth, operational efficiency, and sustainability, the company is poised for long-term success in the competitive automotive industry.

Overview of MRF Ltd

What is MRF Ltd?

MRF Ltd, also known as MRF Tyres, is India’s largest tyre manufacturer and a leading multinational company in the tyre production industry. Headquartered in Chennai, MRF was initially called Madras Rubber Factory, a name that reflects its early roots. Founded by K. M. Mammen Mappillai, MRF has become a household name, known for its premium-quality tyres and diverse product offerings. The company has expanded its presence across global markets, making it one of the most recognized tyre brands worldwide.

Key Features of MRF Ltd:

  • Dominant Market Position: MRF is the largest tyre manufacturer in India and a significant player in the global tyre industry.
  • Extensive Product Portfolio: Offers a wide range of tyres for cars, trucks, buses, two-wheelers, and off-road vehicles.
  • Global Reach: Operates subsidiaries like MRF Sg Pte Ltd., MRF Lanka (P) Ltd., and Funskool (India) Ltd., expanding its market presence internationally.
  • Strong Revenue Generation: In 2024, MRF reported a revenue of ₹25,486.05 crores (US$3.2 billion).
  • Commitment to Quality: Known for its advanced technology and high-quality products, MRF continues to lead in innovation and customer satisfaction.

Information about MRF Ltd:

InformationDetails
Websitemrftyres.com
HeadquartersChennai, India
Founded1946
FounderK. M. Mammen Mappillai
Managing Director & CEON. G. Raghupathy
Number of Employees19,209 (2024)
Revenue₹25,486.05 crores INR (US$3.2 billion, 2024)
Parent OrganizationIndependent
SubsidiariesMRF Sg Pte Ltd., MRF Lanka (P) Ltd., Mrf Corp Limited, Funskool (India) Ltd.
BSE Symbol500290
NSE SymbolMRF

Current Market Position of MRF Ltd Share

As of November 2024, MRF Ltd’s share has shown mixed performance trends. It is up by +0.91% today and +3.38% over the past week. However, the share has declined by -1.4% over the last month and -10.73% over the past three months. Despite these short-term fluctuations, MRF has gained +12.08% over the past year, with significant long-term growth of +64.73% in three years and +98.93% in five years.

MRF Share Fundamental Data

  • Market Cap: ₹52,790 Cr.
  • Current Price: ₹1,24,453
  • High / Low: ₹1,51,445 / ₹1,10,768
  • Stock P/E: 27.1
  • Book Value: ₹41,659
  • Dividend Yield: 0.16%
  • ROCE: 16.1%
  • ROE: 12.6%
  • Face Value: ₹10.0

Market Position of MRF Share as of November 2024

Time PeriodReturns of MRF Share
1 Day0.91%
1 Week3.38%
1 Month-1.4%
3 Months-10.73%
1 Year12.08%
3 Years64.73%
5 Years98.93%

MRF Ltd Share Price Target for 2024, 2025, 2026, 2027, 2028, 2029, 2030

MRF Ltd Share Price Target in 2024

In 2024, the share price target for MRF Ltd is expected to range between ₹1,15,000 and ₹1,35,000, reflecting steady growth backed by its strong market position and consistent performance in the tyre manufacturing sector.

YearMinimum TargetMaximum Target
2024₹1,15,000₹1,35,000

MRF Ltd Share Price Target in 2025

For 2025, MRF Ltd’s share price target is projected to range between ₹1,35,000 and ₹1,50,000, supported by an expanding product portfolio and increasing demand across domestic and international markets.

YearMinimum TargetMaximum Target
2025₹1,35,000₹1,50,000

MRF Ltd Share Price Target in 2026

In 2026, the share price target for MRF Ltd is expected to range between ₹1,55,000 and ₹1,70,000, driven by long-term growth in the automotive sector and the company’s strategic focus on innovation.

YearMinimum TargetMaximum Target
2026₹1,55,000₹1,70,000

MRF Ltd Share Price Target in 2027

By 2027, MRF Ltd’s share price target is projected to range between ₹1,75,000 and ₹1,90,000, reflecting its increasing market share, enhanced operational efficiency, and the global demand for high-quality tyres.

YearMinimum TargetMaximum Target
2027₹1,75,000₹1,90,000

MRF Ltd Share Price Target in 2028

In 2028, the share price target for MRF Ltd is estimated to range between ₹1,95,000 and ₹2,10,000, reflecting sustained growth in both revenue and profitability due to its dominant position in the tyre market.

YearMinimum TargetMaximum Target
2028₹1,95,000₹2,10,000

MRF Ltd Share Price Target in 2029

For 2029, the share price target for MRF Ltd is expected to range between ₹2,15,000 and ₹2,35,000, driven by continued global expansion and advancements in tyre technology.

YearMinimum TargetMaximum Target
2029₹2,15,000₹2,35,000

MRF Ltd Share Price Target in 2030

By 2030, MRF Ltd’s share price target is projected to range between ₹2,45,000 and ₹2,60,000, supported by strong long-term growth in the automotive sector and the company’s focus on innovation and sustainability.

YearMinimum TargetMaximum Target
2030₹2,45,000₹2,60,000

Financial Health and Performance Analysis of MRF Ltd. (FY 2020 – FY 2024)

MRF Ltd Financials Income (P&L) (FY 2020 – FY 2024)

FY 2024

MetricFY 2024Y/Y Growth
Total Revenue₹25,486.05 Cr+9.56%
Total Expenses₹22,698.63 Cr+2.29%
Profit after Tax (PAT)₹2,081.22 Cr+170.66%
Operating Profit Margin (OPM)12.47%
Net Profit Margin (NPM)8.26%
Basic EPS (₹)₹4,907.24+170.66%

FY 2023

MetricFY 2023Y/Y Growth
Total Revenue₹23,261.17 Cr+18.48%
Total Expenses₹22,191.43 Cr+18.51%
Profit after Tax (PAT)₹768.95 Cr+14.90%
Operating Profit Margin (OPM)6.03%
Net Profit Margin (NPM)3.34%
Basic EPS (₹)₹1,813.10+14.90%

FY 2022

MetricFY 2022Y/Y Growth
Total Revenue₹19,633.71 Cr+19.91%
Total Expenses₹18,725.78 Cr+27.94%
Profit after Tax (PAT)₹669.23 Cr-47.60%
Operating Profit Margin (OPM)6.01%
Net Profit Margin (NPM)3.46%
Basic EPS (₹)₹1,577.97-47.60%

FY 2021

MetricFY 2021Y/Y Growth
Total Revenue₹16,373.13 Cr-1.22%
Total Expenses₹14,636.29 Cr-3.33%
Profit after Tax (PAT)₹1,277.06 Cr-10.23%
Operating Profit Margin (OPM)12.44%
Net Profit Margin (NPM)7.90%
Basic EPS (₹)₹3,011.14-10.23%

FY 2020

MetricFY 2020Y/Y Growth
Total Revenue₹16,574.74 Cr+0.55%
Total Expenses₹15,140.49 Cr+2.08%
Profit after Tax (PAT)₹1,422.57 Cr+25.82%
Operating Profit Margin (OPM)10.63%
Net Profit Margin (NPM)8.76%
Basic EPS (₹)₹3,354.20+25.82%

Analysis Summary:

  • Revenue Growth: MRF Ltd showed a solid growth rate of +9.56% in FY 2024, following a steady increase in the previous years.
  • Expense Management: Expenses grew at a modest pace of +2.29% in FY 2024, demonstrating improved cost control and efficient operations.
  • Profitability: Profit after Tax (PAT) surged dramatically by +170.66%, indicating substantial improvement in profitability in FY 2024.
  • Margins: Operating Profit Margin (OPM) increased to 12.47%, and Net Profit Margin (NPM) improved to 8.26%, reflecting strong operational performance.
  • Earnings Per Share (EPS): Basic EPS saw an impressive growth of +170.66%, reaching ₹4,907.24, showcasing solid returns for shareholders.

MRF Ltd Financials Balance Sheet (FY 2020 – FY 2024)

FY 2024

MetricFY 2024Y/Y Growth
Total Assets₹26,849.43 Cr+10.18%
Total Liabilities₹10,146.27 Cr+5.02%
Total Equity₹16,703.16 Cr+13.57%
Current Ratio (x)1.37
Total Debt to Equity (x)0.12
Contingent Liabilities₹3,184.87 Cr

FY 2023

MetricFY 2023Y/Y Growth
Total Assets₹24,369.41 Cr+5.68%
Total Liabilities₹9,661.59 Cr+7.02%
Total Equity₹14,707.82 Cr+4.82%
Current Ratio (x)1.23
Total Debt to Equity (x)0.17
Contingent Liabilities₹3,669.21 Cr

FY 2022

MetricFY 2022Y/Y Growth
Total Assets₹23,059.74 Cr+2.12%
Total Liabilities₹9,027.84 Cr-1.53%
Total Equity₹14,031.90 Cr+4.61%
Current Ratio (x)1.46
Total Debt to Equity (x)0.20
Contingent Liabilities₹3,956.14 Cr

FY 2021

MetricFY 2021Y/Y Growth
Total Assets₹22,581.86 Cr+16.15%
Total Liabilities₹9,168.05 Cr+26.85%
Total Equity₹13,413.81 Cr+9.82%
Current Ratio (x)1.43
Total Debt to Equity (x)0.13
Contingent Liabilities₹2,132.39 Cr

FY 2020

MetricFY 2020Y/Y Growth
Total Assets₹19,442.34 Cr+5.43%
Total Liabilities₹7,227.50 Cr-4.95%
Total Equity₹12,214.84 Cr+12.71%
Current Ratio (x)1.55
Total Debt to Equity (x)0.12
Contingent Liabilities₹2,206.41 Cr

Analysis Summary:

  • Total Assets: MRF Ltd. has seen a consistent increase in total assets, with the highest growth of +10.18% recorded in FY 2024.
  • Liabilities: Total liabilities grew at a slower rate of +5.02% in FY 2024, indicating manageable growth in obligations.
  • Equity: Total equity grew by +13.57% in FY 2024, suggesting a healthy increase in shareholder wealth.
  • Liquidity: The current ratio of 1.37 in FY 2024 remains stable, indicating adequate short-term financial health.
  • Debt: MRF Ltd. maintains a low debt-to-equity ratio, with a minimal increase in FY 2024, showcasing a conservative approach to leverage.
  • Contingent Liabilities: Contingent liabilities decreased slightly to ₹3,184.87 Cr in FY 2024, a positive trend for the company’s risk management.

MRF Ltd Financials Cash Flow (FY 2020 – FY 2024)

FY 2024

MetricFY 2024Y/Y Growth
Net Cash Flow from Operating Activities₹3,300.50 Cr+19.77%
Net Cash Used in Investing Activities₹-2,379.18 Cr-23.74%
Net Cash Flow from Financing Activities₹-868.22 Cr+3.42%
Net Cash Flow₹54.56 Cr
Closing Cash & Cash Equivalent₹303.07 Cr+21.95%
Closing Cash & Cash Equivalent Growth (%)+21.95%
Total Debt / CFO (x)0.63

FY 2023

MetricFY 2023Y/Y Growth
Net Cash Flow from Operating Activities₹2,755.47 Cr+576.5%
Net Cash Used in Investing Activities₹-1,923.47 Cr-12.86%
Net Cash Flow from Financing Activities₹-839.54 Cr+99.68%
Net Cash Flow₹-5.88 Cr
Closing Cash & Cash Equivalent₹248.51 Cr+39.07%
Closing Cash & Cash Equivalent Growth (%)+39.07%
Total Debt / CFO (x)0.88

FY 2022

MetricFY 2022Y/Y Growth
Net Cash Flow from Operating Activities₹-578.03 Cr
Net Cash Used in Investing Activities₹165.01 Cr
Net Cash Flow from Financing Activities₹423.76 Cr
Net Cash Flow₹11.84 Cr
Closing Cash & Cash Equivalent₹178.69 Cr+6.87%
Closing Cash & Cash Equivalent Growth (%)+6.87%
Total Debt / CFO (x)-4.88

FY 2021

MetricFY 2021Y/Y Growth
Net Cash Flow from Operating Activities₹4,324.58 Cr
Net Cash Used in Investing Activities₹-5,086.22 Cr
Net Cash Flow from Financing Activities₹-249.68 Cr
Net Cash Flow₹-1,011.32 Cr
Closing Cash & Cash Equivalent₹167.20 Cr-85.81%
Closing Cash & Cash Equivalent Growth (%)-85.81%
Total Debt / CFO (x)0.40

FY 2020

MetricFY 2020Y/Y Growth
Net Cash Flow from Operating Activities₹2,272.61 Cr
Net Cash Used in Investing Activities₹-163.69 Cr
Net Cash Flow from Financing Activities₹-1,032.35 Cr
Net Cash Flow₹1,076.57 Cr
Closing Cash & Cash Equivalent₹1,178.52 Cr+1,055.98%
Closing Cash & Cash Equivalent Growth (%)+1,055.98%
Total Debt / CFO (x)0.66

Analysis Summary:

  • Net Cash Flow from Operating Activities: There was a significant increase of +19.77% in FY 2024, reaching ₹3,300.50 Cr, reflecting a strong operational cash generation.
  • Investing Activities: MRF Ltd. continued to invest heavily, with a decline in cash used in investing activities by -23.74% in FY 2024.
  • Financing Activities: Cash used in financing activities remained negative, but the growth was +3.42% in FY 2024, indicating a more stable financial structure.
  • Net Cash Flow: The net cash flow for FY 2024 was positive at ₹54.56 Cr, marking a recovery from the negative flow in FY 2023.
  • Closing Cash & Cash Equivalent: The closing cash balance grew by +21.95% to ₹303.07 Cr, showing an improvement in liquidity.
  • Debt to CFO Ratio: The total debt to CFO ratio stood at 0.63 in FY 2024, indicating moderate leverage and strong cash flow management.

MRF Ltd Financials Cash Ratios (FY 2020 – FY 2024)

FY 2024

MetricFY 2024Y/Y Growth
Return on Equity (ROE)12.46%+7.24%
Return on Capital Employed (ROCE)16.40%+8.17%
Return on Assets (ROA)7.75%+4.60%
Interest Coverage Ratio (x)12.95+4.67x
Asset Turnover Ratio (x)0.98+0.01x
Price to Earnings (P/E)27.17-19.00%
Price to Book (P/B)3.38+39.67%
EV/EBITDA (x)12.74-1.57x
EBITDA Margin (%)18.15%+6.67%

FY 2023

MetricFY 2023Y/Y Growth
Return on Equity (ROE)5.22%+0.46%
Return on Capital Employed (ROCE)8.23%+1.02%
Return on Assets (ROA)3.15%+0.25%
Interest Coverage Ratio (x)8.28-1.05x
Asset Turnover Ratio (x)0.97+0.13x
Price to Earnings (P/E)46.51+12.92%
Price to Book (P/B)2.42+23.73%
EV/EBITDA (x)14.31+1.56x
EBITDA Margin (%)11.48%-0.77%

FY 2022

MetricFY 2022Y/Y Growth
Return on Equity (ROE)4.76%-4.67%
Return on Capital Employed (ROCE)7.21%-5.92%
Return on Assets (ROA)2.90%-2.75%
Interest Coverage Ratio (x)9.33+2.01x
Asset Turnover Ratio (x)0.84-0.11x
Price to Earnings (P/E)41.32+33.92%
Price to Book (P/B)1.96+0.65%
EV/EBITDA (x)12.75+1.20x
EBITDA Margin (%)12.25%-7.25%

FY 2021

MetricFY 2021Y/Y Growth
Return on Equity (ROE)9.52%-2.12%
Return on Capital Employed (ROCE)13.13%+0.96%
Return on Assets (ROA)5.65%-1.66%
Interest Coverage Ratio (x)7.32+1.42x
Asset Turnover Ratio (x)71.57-11.95x
Price to Earnings (P/E)27.32-15.98%
Price to Book (P/B)2.60+22.33%
EV/EBITDA (x)11.55+2.31x
EBITDA Margin (%)19.50%+2.82%

FY 2020

MetricFY 2020Y/Y Growth
Return on Equity (ROE)11.64%
Return on Capital Employed (ROCE)12.17%
Return on Assets (ROA)7.31%
Interest Coverage Ratio (x)5.90
Asset Turnover Ratio (x)83.52
Price to Earnings (P/E)17.36
Price to Book (P/B)2.02
EV/EBITDA (x)9.24
EBITDA Margin (%)16.68%

Analysis Summary:

  • Return on Equity (ROE): There was a significant recovery in FY 2024, with a growth of 7.24% reaching 12.46%, indicating improved profitability for shareholders.
  • Return on Capital Employed (ROCE): ROCE increased by 8.17%, reflecting better utilization of capital in generating profits.
  • Return on Assets (ROA): ROA improved by 4.60%, highlighting better efficiency in asset utilization.
  • Interest Coverage Ratio: The interest coverage ratio rose to 12.95x in FY 2024, indicating strong ability to cover interest expenses.
  • Asset Turnover Ratio: Slight improvement in asset turnover ratio at 0.98, reflecting stable asset utilization.
  • Price-to-Earnings (P/E): The P/E ratio decreased by 19.00%, which suggests a more attractive valuation compared to previous years.
  • Price-to-Book (P/B): The P/B ratio increased by 39.67% to 3.38x, reflecting higher investor confidence in the company’s growth prospects.
  • EV/EBITDA: A slight decrease to 12.74x in FY 2024 suggests that the company’s enterprise value is more aligned with its EBITDA.
  • EBITDA Margin: The EBITDA margin improved to 18.15%, showing strong operating profitability, especially in comparison to previous years.

How to Buy MRF Ltd. Shares:

  1. Choose a Broker: Select a brokerage platform offering MRF shares for trading.
  2. Open a Trading Account: Set up a Demat and trading account with the selected broker.
  3. Complete KYC: Submit necessary identity and address verification documents.
  4. Deposit Funds: Add funds to your trading account for share purchases.
  5. Search for MRF Shares: Locate the shares using their name or ticker symbol.
  6. Place an Order: Choose the desired quantity and place a market or limit order.
  7. Confirm Purchase: Verify transaction details and confirm your order.

MRF Share Price Target for the Next 5 Years

MRF Ltd. has shown robust financial growth, supported by strong profitability, efficient capital utilization, and a favorable market position. The following are the projected share price targets for MRF Ltd. based on current trends and financial performance:

YearMinimum Target (₹)Maximum Target (₹)
2024₹115,000₹130,000
2025₹130,000₹150,000
2026₹150,000₹175,000
2027₹175,000₹200,000
2028₹200,000₹225,000

Shareholding Pattern of MRF Ltd.

Promoters:

  • No. of Shares: 11,77,584
  • Percentage: 27.77%
  • % Change QoQ: -0.01%

Pledge:

  • No. of Shares: 0
  • Percentage: 0.00%
  • % Change QoQ: 0.00%

FII (Foreign Institutional Investors):

  • No. of Shares: 7,92,110
  • Percentage: 18.68%
  • % Change QoQ: -0.39%

DII (Domestic Institutional Investors):

  • No. of Shares: 4,92,593
  • Percentage: 11.61%
  • % Change QoQ: +0.93%

MF (Mutual Funds):

  • No. of Shares: 3,40,629
  • Percentage: 8.03%
  • % Change QoQ: +1.18%

Others:

  • No. of Shares: 17,78,856
  • Percentage: 41.94%
  • % Change QoQ: -0.53%

Pros and Cons of MRF Ltd. Shareholding

Pros:

  • Stable Promoter Ownership: The promoters hold 27.77% of the shares, ensuring a stable level of control within the company.
  • No Pledge: There are no pledged shares, which enhances financial stability and reduces risk.
  • DII Stake Increase: Domestic Institutional Investors (DII) have increased their stake by 0.93%, signaling growing confidence among local institutional investors.
  • Strong MF Ownership: Mutual Funds have increased their shareholding by 1.18%, indicating growing institutional interest.

Cons:

  • Decline in FII Stake: Foreign Institutional Investors (FII) have reduced their stake by 0.39%, reflecting a slight decrease in international investor confidence.
  • High Ownership by Others: With 41.94% of shares held by others, this category may lack the focus seen with institutional investors, which can affect long-term strategic direction.
  • Minor Decrease in Promoter Stake: The promoter stake has slightly decreased by 0.01%, though still relatively stable, it indicates a minor shift in control.

Peer Competitors of MRF Ltd. in the Tyres Industry

NameShare Price (₹)Market Cap (₹ Cr)
Balkrishna Inds2,763.0053,413.58
MRF1,24,505.5552,790.38
Apollo Tyres494.0031,374.00
CEAT2,854.3511,545.85
JK Tyre & Indust361.359,901.70
TVS Srichakra3,567.302,732.55
Goodyear India1,010.052,330.22

(FAQ)

1. What is MRF Ltd? MRF Ltd (Madras Rubber Factory) is an Indian multinational company that manufactures tyres, treads, and tubes. It is one of the largest tyre manufacturers in India and a leading player in the global market.

2. What products does MRF Ltd offer? MRF offers a wide range of products, including:

  • Tyres for cars, trucks, buses, two-wheelers, and off-road vehicles.
  • Treads, tubes, and rubber-related products.
  • Sports goods like cricket bats and tennis balls.

3. Where is MRF Ltd headquartered? MRF Ltd is headquartered in Chennai, Tamil Nadu, India.

4. Is MRF Ltd listed on the stock exchange? Yes, MRF Ltd is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) under the ticker symbol “MRF.”

5. What are the major competitors of MRF Ltd? Some of MRF’s major competitors in the tyre industry include:

  • Balkrishna Industries
  • Apollo Tyres
  • CEAT Ltd
  • JK Tyre & Industries
  • TVS Srichakra

6. What is MRF Ltd’s market position in the tyre industry? MRF is one of the top tyre manufacturers in India, with a leading market share in the passenger and commercial vehicle tyre segments. It is also ranked among the top tyre manufacturers globally.

7. How has MRF’s financial performance been? MRF has consistently shown strong financial performance, with steady revenue and profit growth. The company’s balance sheet reflects significant assets and equity, making it a financially stable entity.

8. What is the share price of MRF Ltd? The current share price of MRF Ltd can be checked on the Bombay Stock Exchange (BSE) or National Stock Exchange (NSE).

9. Does MRF Ltd pay dividends to shareholders? Yes, MRF Ltd has a track record of paying dividends to its shareholders, although the dividend yield is generally on the lower side compared to some other companies.

10. How can I buy MRF Ltd shares? You can buy MRF Ltd shares through a brokerage account on the BSE or NSE. Ensure you have a Demat and trading account to execute the purchase.

11. What is MRF Ltd’s return on equity (ROE)? MRF Ltd’s return on equity (ROE) for FY 2024 is approximately 12.46%. This reflects the company’s ability to generate profits from its shareholders’ equity.

12. What is MRF Ltd’s P/E ratio? MRF Ltd has a Price to Earnings (P/E) ratio of 27.11 as of FY 2024, indicating how much investors are willing to pay for each unit of earnings.

13. Is MRF Ltd a good investment? MRF Ltd is considered a stable investment in the long term due to its strong market position, consistent financial performance, and dominant brand. However, like any investment, it carries risks, and it is advisable to conduct thorough research or consult a financial advisor.

14. What is MRF Ltd’s dividend yield? MRF Ltd has a dividend yield of 0.16% for FY 2024, which is relatively modest. The company focuses on reinvesting earnings for growth rather than offering high dividends.

15. What is MRF Ltd’s return on capital employed (ROCE)? MRF Ltd’s return on capital employed (ROCE) for FY 2024 is approximately 16.12%, demonstrating efficient utilization of capital to generate profits.

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