MRF Share Price: MRF shares down 0.5% as Nifty gains

NEW DELHI: Shares of Ltd. traded 0.5 per cent down in Tuesday’s trade at 01:16PM (IST). Around 473 shares changed hands on the counter.

The counter opened at Rs 79000.0 and touched an intraday high and low of Rs 79043.9 and Rs 78100.0, respectively, in the session so far. The stock of MRF Ltd. quoted a 52-week high of Rs 98575.9 and a 52-week low of Rs 55360.35.

Total market cap of the MRF Ltd. stood at Rs 33154.52 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-Jun-2021, domestic institutional investors held 7.5 per cent stake in the firm, while foreign institutional investors held 19.01 per cent and the promoters 27.82 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 23.2 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.

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