In the article we will talk about the company with the highest value of share price in the stock market of India. Questions may be arising in your mind, What could be MRF share price in 2024? What will be the MRF share price in 2025? So in this article let\’s predict the MRF Share price target for the year 2024, 2025, 2026, 2030 and 2050 respectively. Stay connected with us in the article and read the complete article for more information.
About MRF Ltd
MRF Limited, founded in 1946 and headquartered in Chennai, India, is a prominent player in the tire manufacturing industry.
1. Products: MRF manufactures a wide range of tires for different vehicles including passenger cars, motorcycles, trucks, buses, and various other applications. They also produce conveyor belts, paints, and toys.
2. Global Presence: While MRF is primarily based in India, its products are also exported to many countries around the world.
3. Technology: The company invests significantly in research and development to innovate and enhance its tire technology, ensuring high performance, durability, and safety.
4. Market Position: MRF is one of the largest tire manufacturers in India and holds a significant market share in the country. It competes with other major global tire companies.
5. Corporate Social Responsibility: MRF has various initiatives focusing on community development, education, healthcare, and environmental sustainability.
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Company Profile
| Segment | Details |
|---|---|
| Company Name | MRF Ltd |
| Company Type | Public |
| Traded as | NSE: MRF BSE: 500290 |
| ISIN | INE883A01011 |
| Founded | 1946 |
| Founder | K. M. Mammen Mappillai |
| Headquarters | Chennai, Tamil Nadu |
| Products | Tyres, Toys, Sports equipment, Conveyor belt, Paints, Coats |
| Number of Employees | 19,000 |
| Website | www.mrftyres.com |
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MRF Ltd Fundamentals
| Segment | Details |
|---|---|
| Market Cap | 55,550 Cr |
| P/E Ratio | 26.65 |
| P/B Ratio | 3.33 |
| ROE | 5.77% |
| ROCE | 8.83% |
| ROA | 3.49% |
| Debt to Equity | 0.14 |
| Dividend Yield | 0.16% |
| Revenue | 24,670 Cr |
| Net Profit | 2,040 Cr |
| Net Profit Margin | 6.24% |
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MRF Ltd Financial Results
Let us have a look at the financial results of the company
- Mar\’22: In the year 2022, MRF Company generated a total revenue of around 18,990 crores. Net profit after excluding expenses and tax was around rupees 647 crores.
- Mar\’23: Around 22,578 crores total sales in the year 2023. If we talk about net profit it is 816 crores in the year of 2023.
- Mar\’24: In the financial year 2023-24, MRF Ltd generate 24,673 crores sales and net profit is around 2,040 crores.
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MRF Ltd Shareholding Pattern
- 41.90% : Retailer or Public
- 27.79% : Promotors
- 19.75% : FII
- 10.57 : DII
MRF Share Price History
If we look at the share price of MRF, it shows a positive growth with time. MRF Company was listed on Indian stock market and since then it has become the company with the highest share price in the Indian stock market.
In the last 5 years, MRF Limited Company has given a return of 136.5% and if we talk about last one year, MRF has given around 35% return. So far, the share price is at an all-time high of 1,51,445 rupees.
MRF Share Price Target
Now let\’s dive into MRF Company\’s share price forecast. The stock of MRF Company has always been breaking all records. MRF Share Price In 2024 between around rupees 1,55,000 and 1,61,000 can be seen. MRF company and its investors have a good grip on the stock due to which the stock price shows constant positive. MRF Share Price In 2025 is around 1,72,400 rupees as a first target and second target can be 1,78,600 rupees possible in 2025.
The fundamentals of the company are looking very strong from which we venture to predict share price target. MRF Share Price In 2030 between around 3,70,400 and 3,85,500 rupees possible.
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MRF Share Price In 2024
| Year | 1st Target | 2nd Target |
|---|---|---|
| 2024 | ₹ 1,55,000 | ₹ 1,61,000 |
The year 2024 is very likely to mark the highest ever high in MRF share price. The increase in sales and net profit of the company is seen which has the effect of increasing the share price. The year 2024 will prove to be very crucial for the MRF company, if the company\’s shares break the all-time high and go up, new records may be set.
If we talk about 2024, MRF Share Price In 2024 is around 1,55,000 rupees possible and second target can be around 1,61,000 rupees possible at end of the year 2024.
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MRF Share Price In 2025
| Year | 1st Target | 2nd Target |
|---|---|---|
| 2025 | ₹ 1,72,400 | ₹ 1,78,600 |
MRF is renowned for its wide range of products, primarily tires for various vehicles including cars, motorcycles, trucks, buses, and agricultural vehicles. They also manufacture rubber products for industrial and domestic use.
From our research and technical analysis, MRF Share Price In 2025 can be around 1,72,400 rupees. If we talk about second target, MRF Share Price second target can be around 1,78,600 rupees possible.
MRF Share Price In 2026
| Year | 1st Target | 2nd Target |
|---|---|---|
| 2026 | ₹ 1,95,900 | ₹ 2,00,700 |
The only company in India whose share price is more than one lakh. High share price is not important but it is also necessary to take it to a new peak with consistent growth. If we look at the history of share prices, there is a consistent growth in them which makes investors attractive.
MRF Share Price In 2026 can be around 1,95,900 rupees as a first target and second target can be 2,00,700 rupees in the year of 2026.
MRF Share Price In 2030
| Year | 1st Target | 2nd Target |
|---|---|---|
| 2030 | ₹ 3,70,400 | ₹ 3,85,500 |
MRF operates not only in India but also has a significant presence in international markets. It exports its products to over 65 countries. This company with a large market has always shown good results. As the price of the company\’s shares is high, it is difficult to manipulate it because it cannot work in large quantities.
According to fundamentals and technical data, MRF Share Price In 2030 is around 3,70,400 rupees possible and second target can be rupees 3,85,500 possible in the year of 2030.
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MRF Share Price In 2050
| Year | 1st Target | 2nd Target |
|---|---|---|
| 2050 | ₹ 12,15,500 | ₹ 12,45,800 |
In the year of 2050, MRF Share price target 2050 can be around 12,15,500 rupees and second target can be around 12,45,800 rupees.
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Why MRF Share Price Is So High
Many factors play a role in the increase in the share price of a company and the income of the company plays a major part in it. A steady growth has been seen in the revenue of MRF Company. The company has not given more shares as bonus, earlier in 1970 and 1975 it gave bonus in the form of 1:2 and 3:10 respectively. After that no bonus has been given by the company.
The company has split its shares several times due to which the increase in share price is reasonable. The company is always seen doing a lot of advertisement to convey its brand name to the people using its marketing strategy, which directly benefits the sales of the company.
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Conclusion
In the above article, we discussed in detail about the company MRF, with the highest share price in India. We talked about the company\’s profile and products. After that, the company\’s share price target was discussed respectively. We look at what the MRF share price targets could be in 2024, 2025, 2026, 2030 and 2050 respectively. We take a look at the company\’s share price history and shareholding pattern. Hope you have a lot to know from our above article.
FAQs
MRF Share Price Target 2025
From our research and fundamentals analysis, MRF Share Price Target 2025 can be around 1,72,400 rupees and second target can be around 1,78,600 rupees.
MRF Share Price Target 2030
In the year of 2030, MRF Share Price Target 2030 is around 3,70,400 rupees possible. If we loot at second target, A second target can be 3,85,500 rupees possible in the year 2030.
What is the future of MRF?
As per the past status and current data, the future of MRF Company looks bright. High share prices make it difficult for anyone to invest in them.
