Madras Rubber Factory Ltd is an Indian multinational company noted for its tyre manufacturing acumen. From a small toy balloon manufacturing unit, which K.M. Mammen Mappillai started in Chennai in 1946, the company has grown down the years into one of Indias largest and most respected tyre manufacturers, having a considerable global presence today. MRF symbolizes quality and innovation in the industry related to rubber, and it is relentless to move with the right tempo of technology, fashioning out better products.
The journey of over five decades, from a humble toy balloon maker to a global tyre major testifies to the vision and commitment of this company. It was in the early 1950s that MRF diversified into tyre manufacturing. Soon enough, the commitment of this company to quality and innovativeness made it a leader in the Indian tyre market. Over the years, MRF expanded its product line and presence in both Indian and overseas markets. Some of the major milestones are continuous tie-ups with international leaders in their respective areas of business, innovative and further development of tyre technology, as well as entry into completely new segments such as sports, goods, and paints.
From its factories, MRF manufactures a wide range of products with emphasis on rubber and other related products. These includes:
- Tyres: MRF offers all types of tyres meant for trucks, buses, passenger cars, motorcycles, scooters, and off-road vehicles. Further, the company tyres imbibe the characteristics of durability, performance, and safety features that come with their use.
- Tubes and Flaps: As an extension to the range of tyres produced by the company, MRF also offers high-quality tubes and flaps with applications for all types of vehicles.
- Conveyor Belts and Tread Rubber: MRFs industrial products range from conveyor belts to tread rubber, underlining its diversification in the rubber sector itself.
- Sports Goods: In another niche, MRF has been an established brand in sports equipment, especially cricket bats and other gear. The MRF brand is endorsed by many prominent cricketers, thereby giving its brand value and visibility through strategic association.
- Paints and Coats: Under the brand name "MRF Vapocure," the company offers specialty coatings and paints for a host of applications; further, exemplifying the diversified portfolio of this firm.
It is through sheer focus on research and development that MRF has been able to take giant strides in bringing innovation and new developments in tyre technology. It runs a number of manufacturing facilities spread across India, having state-of-the-art technology to ensure the highest standards in production quality. All these products get very good distribution through a strong network, which not only allows it to cover most of India but also sees a good number of exports to international markets.
MRF Ltd stands out as a beacon of innovation, quality, and customer satisfaction in the tyre and rubber industry. Its rich history, diverse product offerings, and unwavering commitment to excellence continues to drive its growth and success on a global scale.
Company Current Financial Information
Profit and Loss Statement
For the fiscal year ending March 2024:
- Net Sales: ₹25,169.21 crore
- Profit Before Tax: ₹2,787 crore
- Net Profit: ₹2,081 crore
- Earnings Per Share (EPS): ₹4,907.26
Balance Sheet
As of March 2024:
- Equity Share Capital: ₹4.24 crore
- Reserves: ₹16,699 crore
- Borrowings: ₹2,822 crore
- Total Liabilities: ₹26,849 crore
- Total Assets: ₹26,849 crore
- Fixed Assets: ₹12,046 crore
Quarterly/Yearly Results
MRF showed a significant growth in net sales and profit for the fiscal year ending March 2024. The company reported a substantial increase in net sales by 8.69% year-over-year, reflecting strong market demand and operational efficiency.
Financial Ratios
- Price to Earnings (P/E) Ratio: 26.59
- Price to Book (P/B) Ratio: 3.3
- Market Capitalization: ₹55,158.65 crore
MRF share price as on 16 Sep 2024 is Rs. 136432.3. Over the past 6 months, the MRF share price has decreased by 1.89% and in the last one year, it has increased by 25.1%. The 52-week low for MRF share price was Rs. 106405 and 52-week high was Rs. 151445.
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