MRF Ltd Share Price – NSE /  BSE

Tyres, Small Cap

MRF Ltd dropped for a fifth straight session today. The stock is quoting at Rs 104650, down 1.02% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.84% on the day, quoting at 22131.1. The Sensex is at 73247.33, down 1.83%.MRF Ltd has lost around 6.84% in last one month.Meanwhile, Nifty Auto index of which MRF Ltd is a constituent, has eased around 8.74% in last one month and is currently quoting at 21335.35, down 3.39% on the day. The volume in the stock stood at 4549 shares today, compared to the daily average of 6657 shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 105190, down 0.96% on the day. MRF Ltd tumbled 28.36% in last one year as compared to a 0.67% rally in NIFTY and a 0.98% spurt in the Nifty Auto index.

The PE of the stock is 26.27 based on TTM earnings ending December 24.

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MRF announced that the Board of Directors of the Company at its meeting held on 6 February 2025, inter alia, have recommended the 2nd interim dividend of Rs 3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

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MRF has fixed 14 February 2025 as record date for second interim dividend of Rs 3 per equity share for FY 2025. The dividend will be paid on or after 25 February 2025.

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Profit before tax (PBT) stood at Rs 424.18 crore during the December 2024 quarter, down 37.84% YoY.

Total expenses spiked 20.1% YoY to Rs 6,674.72 crore in the third quarter of FY25. Cost of material consumed stood at Rs 4,656.10 crore (up 22.83%), employee benefit expenses stood at Rs 469.27 crore (up 4.39% YoY) and finance cost was at Rs 93.65 crore (up 4.06% YoY) during the period under review.

On the margin front, the tyre manufacturer’s operating margin contracted to 6% in Q3 FY25 as against 11.27% in Q3 FY24. Net profit margin reduced to 4.44% in Q3 FY25 from 8.17% in Q3 FY24.

Meanwhile, the company’s board declared a second interim dividend of Rs 3 per share for FY25. The company has fixed 14 February 2025 as the record date for the purpose of payment of the interim dividend. The interim dividend will be paid on or after 25 February 2025.

MRF is engaged in the manufacture of rubber products such as tyre, tubes, flaps, tread rubber and/or trading in rubber and rubber chemicals.

The counter hit a 52-week low of Rs 110,000 in today's intraday session.

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