The stock opened at Rs 81101.05 and touched an intraday high and low of Rs 81330.05 and Rs 80574.6, 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 55360.35.
As per BSE, the total market cap of the MRF Ltd. stood at Rs 34251.47 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 4874.2 crore for the quarter ended 31-Mar-2021, up 3.59 per cent from previous quarter’s Rs 4705.22 crore and up 30.14 per cent from the year-ago quarter’s Rs 3745.21 crore.
The net profit for latest quarter stood at Rs 332.15 crore, down 51.08 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Mar-2021, domestic institutional investors held 7.74 per cent stake in the firm, while foreign institutional investors held 13.48 per cent and the promoters 27.27 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 26.82 and a price-to-book ratio of 2.02. 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.
