MRF shares up 0.28% as Nifty gains

The counter opened at Rs 85500.0 and touched an intraday high and low of Rs 86850.0 and Rs 84532.05, respectively, in the session so far. Shares of the company of MRF Ltd. quoted a 52-week high of Rs 98575.9 and a 52-week low of Rs 57887.85.

As per BSE, the total market cap of the MRF Ltd. stood at Rs 36246.17 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 4276.58 crore for the quarter ended 30-Jun-2021, down 12.26 per cent from previous quarter’s Rs 4874.2 crore and down 70.75 per cent from the year-ago quarter’s Rs 2504.63 crore.

The net profit for latest quarter stood at Rs 165.58 crore, up 1130.16 per cent from the corresponding quarter last year.

Shareholding pattern

As of 30-Sep-2021, DIIs held 6.85 per cent stake in the firm, while foreign institutional investors held 14.77 per cent and the promoters 27.39 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 25.36 and a price-to-book ratio of 2.6. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

MRF Ltd. belongs to the Tyres & Tubes industry.