- MRF reported a net income of 3.8 billion rupees for the fourth quarter, marking a 7.3% decline compared to the last year.
- The estimated net income for the quarter was missed, with predictions having been set at 5 billion rupees based on 2 estimates.
- Revenue surpassed expectations, with MRF pulling in 62.2 billion rupees, a yearly increase of 8.6%. The estimate had been sighted at 61.97 billion rupees.
- The quarter witnessed an increase in total costs by 9.6% y/y, resulting in 58 billion rupees.
- Other income experienced a notable rise of 36%, culminating in 923.5 million rupees.
- The company declared a dividend per share of 194 rupees.
- Shares of MRF declined by 3.6%, trading at 0.13 million rupees on 16,126 shares traded.
- The current analyst ratings stand at 1 buy, 2 holds and 7 sells.
- All comparisons carried out are based on values reported by the company in its original disclosures.
A look at Mrf Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, MRF Ltd shows a promising long-term outlook. With solid scores in resilience and value, the company demonstrates a strong capacity to withstand market fluctuations and maintains a reasonable valuation. Additionally, its growth and momentum scores indicate positive prospects for expansion and increasing market traction. While the dividend score is modest, the overall outlook for MRF Ltd looks promising, especially considering its focus on manufacturing tyres, tubes, and other related products for various vehicles.
MRF Ltd, known for its expertise in manufacturing tyres and tubes for automobiles and other vehicles, receives favorable Smartkarma Smart Scores, particularly in resilience and value. The company’s commitment to quality is evident through its rigorous testing processes on race and rally tracks, ensuring the durability and performance of its products. With a balanced profile across various factors, MRF Ltd appears well-positioned for sustained growth and success in the competitive automotive industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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