MRF Ltd. shares up 0.68% as Nifty gains

NEW DELHI: Shares of MRF Ltd. traded 0.68 per cent up in Thursday's trade at 12:57PM (IST). Around 242 shares changed hands on the counter.

The counter opened at Rs 66599.0 and touched an intraday high and low of Rs 66842.5 and Rs 65825.0, respectively, in the session so far. Shares of the company of MRF Ltd. quoted a 52-week high of Rs 73500.0 and a 52-week low of Rs 50000.0.

Total market cap of the MRF Ltd. stood at Rs 28055.16 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 3685.16 crore for the quarter ended 31-Mar-2020, down 9.58 per cent from previous quarter's Rs 4075.75 crore and down 10.94 per cent from the year-ago quarter's Rs 4137.67 crore.

The net profit for latest quarter stood at Rs 679.02 crore, up 131.01 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2020, DIIs held 11.3 per cent stake in the company, while foreign institutional investors held 5.24 per cent and the promoters 27.31 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 19.72 and a price-to-book ratio of 2.3. 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.