MRF Ltd is in the Tyres sector with the Market Capitalization of worth Rs. 33,651.13 crores, it is incorporated in the year 1946. It has reported consolidated sales of Rs. 4,816.46 crores in March’2021. The company is also listed in the Bombay Stock Exchange (BSE) with the code 500290 and also listed in the National Stock Exchange (NSE) with the code MRF.
Madras Rubber Factory, better known as MRF Ltd. is an Indian International tire manufacturing company that is India’s largest and the world's sixth-largest tire manufacturer. Its head office is in Chennai. It deals in various rubber products such as tires, tubes, conveyor belts, toys, etc. MRF produces tires for passenger cars, two-wheelers, buses, trucks, tractors, aeroplane tires, etc. MRF also produces paints which are mostly used for automotive, decorative, and industrial applications. The company has ten manufacturing units in the country, with four in Tamil Nadu, 1 in Puducherry, 1 in Goa, 1 in Gujarat, and 2 in Telangana. The plant located in Goa is also involved in top manufacturing. MRF also runs the MRF pace foundation in partnership with Australian pacer Dennis Lillee, which focuses on training young fast bowlers. The promoters of the company own 27.82% of the stake in the company, Foreign Institutional Investors (FII) own 14.07%, Domestic Institutional Investors (DII) own 13.6% of the stake, and others (such as public and retail investors) hold the balance of 44.46%.
In June 2021, quarterly net revenue was Rs. 4,127.72 crores, which has increased by approximately 69.83 % from Rs. 2,430.57 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 161.33 crores, which has seen a sharp increase by nearly 846.22% from a net profit of Rs. 17.05 crores in June 2020. In June 2021, the reported operating profit was at Rs. 3,496.90 crores, which is also increased by 63.20% as compared to an operating profit of Rs. 2,142.76 crores for the quarter ending in June 2020. From Rs. 40.21 in June 2020, the EPS of MRF Ltd has increased almost ten times and reached Rs. 380.39 per share in June 2021. MRF Ltd’s stock closed at Rs. 78,711.80 on 17th August’2021 (NSE) and has returned -11.03% in the last six months and 31.92% in the previous year.
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