MRF is a automobile tire manufacturing group based in India. Co. is principally engaged in the manufacturing of automobile tires and tubes. Co. also manufactures pre-cured treads, tread rubber, finished leather from skins, fabric/steel cord and specialty surface coatings. In addition, Co. trades in marine products and through a subsidiary, is active in the toy market. Co. maintains a global presence across 65 different countries, with tires manufactured in 6 interdependent facilities, approximately 3,000 dealer networks and approximately 180 different offices.
  • TickerMRF
  • ISININE883A01011
  • ExchangeNational Stock Exchange of India
  • SectorAutomobiles & Parts
  • CountryIndia

MRF LTD. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of MRF LTD. (IN), a company active in the Tires industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date June 2, 2020, the closing price was INR 62,692.40 and its potential was estimated at INR 68,006.34.

Mrf Limited: 1 director bought

A director at Mrf Limited bought 439 shares at 59,957.854INR and the significance rating of the trade was 57/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board...

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior

Dave Nicoski ...
  • Ross LaDuke

Int'l Macro Vision: Sector Synopsis

After numerous trade war escalations and setbacks, it is easy to become resigned to the belief that there will be no end to the trade war. We have come to expect the unexpected when it comes to President Trump's tactics, so the best course of action may be to assume nothing. Last week's “Phase 1” US-China trade agreement is certainly a step in the right direction, and for now we are taking the truce at face value as a positive development while also knowing that the risk of setbacks/escalations remains high. Despite positive trade developments last week, the markets and the technicals are tell...

Deepak Jain

MRF's Q4FY18 results (Outperformer) - Weak operating performance

Q4FY18 results PAT below estimates on weak operating performance: MRF’s reported PAT at Rs3.4bn (up 20% yoy, +1% qoq) was 13% below estimates on weaker than expected operating performance due to RM cost pressures. Higher tax outflow yoy put further pressure on PAT.   Revenue in-line; EBITDA margins weak on cost pressures : MRFs revenues grew by 16% yoy(+2% qoq) to Rs38.6bn which was in-line with our estimate of Rs39.3 bn. Revenue growth yoy seems to have been driven by strong OEM growth during the quarter (especially CVs as 4QFY17 was hit by demonetization). EBITDA at Rs 6.9bn grew by 31% ...

Dave Nicoski ...
  • Ross LaDuke

Int'l Macro Vision: Sector Synopsis

After numerous trade war escalations and setbacks, it is easy to become resigned to the belief that there will be no end to the trade war. We have come to expect the unexpected when it comes to President Trump's tactics, so the best course of action may be to assume nothing. Last week's “Phase 1” US-China trade agreement is certainly a step in the right direction, and for now we are taking the truce at face value as a positive development while also knowing that the risk of setbacks/escalations remains high. Despite positive trade developments last week, the markets and the technicals are tell...