Mrf Limited
MRF, India’s largest manufacturer of automotive tyres and tubes, was incorporated as a private limited company in 1960 to take over the business of a partnership firm ‘The Madras Rubber Factory’, started by the late K M Mammen Mapillai. Over the year...
Key Metrics
EPS
4955.29
Current ratio
1.43
Debt/Equity
0.38
Debt/EBITDA
1.11
Interest coverage ratio
8.72
Operating Cashflow to total debt
0.85
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Market leadership position in domestic tyre industry with pan-market presence.
Strong brand image and wide distribution network.
Diversified product portfolio and wide distribution network.
Healthy operating performance continues.
Strong financial risk profile.
Liquidity: Strong
Cons
Susceptible to raw material price volatility and vulnerable to cyclicality in the tyre industry
Competitive nature of industry
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About Mrf Limited bond.
This comprehensive profile covers key factual information about Mrf Limited. MRF, India’s largest manufacturer of automotive tyres and tubes, was incorporated as a private limited company in 1960 to take over the business of a partnership firm ‘The Madras Rubber Factory’, started by the late K M Mammen Mapillai. Over the years, the company has established a country-wide dealer network and enjoys a strong brand equity. MRF had an installed tyre manufacturing capacity of 85.44 million tyres and tubes manufacturing capacity of 47.56 million units as on March 31, 2024, spread over nine plants across India. Other business operations of the company consist of manufacturing pre-cured treads, tread rubber, specialty paints, etc. EPS in Mar-2024 was 4955.29. Current ratio in Mar-2024 was 1.43. Debt/Equity in Mar-2024 was 0.38. Debt/EBITDA in Mar-2024 was 1.11. Interest coverage ratio in Mar-2024 was 8.72. Operating Cashflow to total debt in Mar-2024 was 0.85. Total revenue for March-2024 was ₹25,486.05. Net income for March-2024 stood at ₹2,081.22. Total assets as of Mar-2024 were ₹26849.43. Operating cash flow for Mar-2024 was ₹3,300.50. The company’s borrowing relationships include HDFC Bank Limited (₹N/A Cr), HSBC Limited (₹N/A Cr), Proposed (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Citi Bank (₹N/A Cr), DBS Bank India Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), Indian Bank (₹N/A Cr), Indian Overseas Bank (₹N/A Cr), MUFG Bank Limited (₹N/A Cr), Standard Chartered Bank (₹N/A Cr), State Bank of India (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Citibank N A (₹N/A Cr), MUFG Bank Limited (₹N/A Cr), Proposed (₹N/A Cr), South Indian Bank Limited (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Citi Bank (₹N/A Cr), DBS Bank India Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), Indian Bank (₹N/A Cr), Indian Overseas Bank (₹N/A Cr), MUFG Bank Limited (₹N/A Cr), State Bank of India (₹N/A Cr). Peers and comparison entities consist of Mrf Limited, Balkrishna Industries Limited, Apollo Tyres Limited, Ceat Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Market leadership position in domestic tyre industry with pan-market presence.; Strong brand image and wide distribution network. ; Diversified product portfolio and wide distribution network.; Healthy operating performance continues.; Strong financial risk profile.; Liquidity: Strong. Key risks include: Susceptible to raw material price volatility and vulnerable to cyclicality in the tyre industry; Competitive nature of industry. Leadership team details include Ambika Mammen (Director), Arun Mammen (Vice Chairman & Managing Director), Arun Vasu (Director), Ashok Jacob (Director), Cibi Mammen (Director), Dinshaw Keku Parakh (Director), Jacob Kurian (Director), K M Mammen (Chairman & Managing Director), Madhu P Nainan (Vice President - Finance), Prasad Oommen (Director), Rahul Mammen Mappillai (Managing Director), Ramesh Rangarajan (Director), Ranjit I Jesudasen (Director), S Dhanvanth Kumar (Company Secretary & Compliance Officer), Salim Joseph Thomas (Director), Samir Thariyan Mappillai (Whole Time Director), V Sridhar (Director), Varun Mammen (Whole Time Director), Vijay R Kirloskar (Director), Vikram Chesetty (Director), Vikram Taranath Hosangady (Director), Vimla Abraham (Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.