Mumbai18 minutes ago
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MRF is the largest multinational company to make tires in India.
The Tire-making company in India, the MRF i.e. Madras Rubber Factory made a profit of Rs 512 crore in the fourth quarter of FY 2024-25. It has increased by 29% on an annual basis. It was Rs 396 crore in the same quarter of a year ago.
Talking about the operation of the company ie the operation of the operation, it has been Rs 7,075 crore in the January-March quarter. It has increased by 11.4% on an annual basis. In the same quarter of a year ago, the company generated a revenue of Rs 6,349 crore. The amount received from selling goods and services is called revenue or revenue.
What for investors in quarterly results?
With the results in the fourth quarter, the MRF has announced a record final dividend of Rs 229 per share to each shareholders. Companies also give some part of their profits to their shareholders, called dividends.
Are the company’s results better than expected?
In the fourth quarter of FY 2024-25, MRF’s profit has been better than the expectation of market analysts, that is, the company has done better this time.
MRF’s share climbed 27% in the last one month
After the results, the MRF shares are trading at a level of Rs 1,40,240 with a rise of about 4% today. The company’s stock has climbed 27% in the last one month and 13% in a year. While 16% has been rising in 6 months. The company’s market cap is 59.48 thousand crores.
MRF shares were 1.5 lakhs in 2024
MRF shares created history in January. MRF’s stock crossed a record figure of Rs 1.5 lakh in the trading session on 17 January. With this, MRF became the first company in India to do so. The stock also made an all -time high and 52 week high of Rs 1,50,254.16 during the trading session.
In 2016, MRF’s share of Rs 50,000 was Rs 1000 in the year 2000. In 2012, it reached the level of Rs 10,000. After this, in 2014, the stock (stock) touched a mark of Rs 25,000. Then it reached Rs 50,000 in 2016. 75,000 in the year 2018 and MRF shares crossed 1 lakh level in June 2022.
Why is MRF stock so expensive?
The reason behind this is never split the company’s shares. According to reports, MRF has never split its shares since 1975. At the same time, MRF issued bonus share in the ratio of 1: 2 in 1970 and 3:10 in 1975.
MRF exports to more than 75 countries of the world
The tire industry market in India is more than about Rs 60,000 crore. JK Tire and Industries Limited and Ceet Tires are MRF’s competition. MRF has more than 2,500 distributors in India. Not only this, this company also exports to more than 75 countries of the world.
MRF started by making toy-balloon
The full name of the Chennai based MRF company is Madras Rubber Factory. The company started in 1946 with a toy balloon. From 1960, the company started making tires. Now this company is the largest manufacturer of tires in India.
- Of. M Maiman is the founder of Mapillai MRF. They used to sell balloons first. Born in a Christian family in Kerala, Mapillai’s father was a freedom fighter. He was arrested during the freedom struggle.
- After the father went to jail, the entire responsibility of the house came on the shoulders of Mapillai, he had 8 siblings. He started selling balloons on the streets to run the family. After selling balloons for 6 years, he decided to do a rubber business in 1946.
- Mapillai then began to make toys for children. By the year 1956, his company had become a big company of rubber business. Gradually, his inclination moved towards the tire industry.
- In 1960, he formed a private limited company of rubber and tires. He later entered into an agreement with the US Mansfield Tire and Rubber Company to increase business.
- By the year 1979, the company’s business had spread in the country and abroad. After this, American company Mansfield sold its stake in MRF and the company’s name was MRF Limited.
- In 2003, Mapillai died at the age of 80. After the death of Mapillai, his sons took over the business and soon became his company number-1. The tire manufacturer also showed considerable interest in sports.
- Company number-1 in sector like MRF racing Formula 1, Formula Car, MRF Motocross. Most of the manufacturing units of this business company in the country and abroad are in Kerala, Puducherry, Goa and Tamil Nadu.
- The MRF company makes sports goods in addition to tires, trades, tubes, conveyor belts, paints, toys. In 2007, the company crossed the $ 1 billion turnover.
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