In this article, we will be discussing the MRF share price target from 2024 to 2050. MRF holds the distinction of being the highest-priced stock and the only one to surpass the Rs. one lakh mark in the Indian stock market. This remarkable achievement has generated significant interest in the market, with many individuals seeking investment opportunities in this stock.
If you are one of those individuals, you have come to the right place. The team at sharekingz.com has compiled the target price, factors influencing the price, growth drivers, and more. It is crucial for you to understand these details as you consider investing your hard-earned money. Investing is a serious matter, and it is important to learn how to analyze stocks for their investment potential. So, take your time, scroll down the page, and carefully review each section step-by-step.
Factors Affecting MRF Tyre Share Price
Several factors can influence the share price of MRF, including:
Industry Trends
The performance and growth potential of the tire industry as a whole can greatly affect the share price of MRF. Factors like increasing demand, advancements in technology, and market competition can influence how investors perceive the company. It appears that there will be a rise in demand for both four-wheelers and two-wheelers in the future. If this occurs, there will also be an increased demand for tires.
Financial Performance
The financial performance of MRF, including its revenue growth, profitability, and cash flow, is a key factor in determining the company’s share price. Strong financials can attract investors and have a positive influence on the value of the stock.
Macroeconomic Factors
The performance of MRF and its share price can be influenced by economic conditions such as GDP growth, inflation, and interest rates. A favorable economic environment can enhance the company’s prospects, potentially resulting in share price appreciation. The economy plays a crucial role in every business, and for MRF to thrive, it requires a strong economic situation. Otherwise, MRF may face challenges in performing well.
Competitive Landscape
MRF operates in a highly competitive industry, facing strong competition from companies like CEAT, Apollo Tyres, JK Tyres, and others. The company’s share price can be influenced by its ability to maintain or enhance its market share, effectively compete with its rivals, and innovate its product offerings.
MRF Share Price Target 2024, 2025,…, 2050
As a leading tire manufacturing company in India, MRF has gained popularity worldwide, attracting investors who are interested in or already have this stock in their portfolio. These investors are searching for the MRF tire share price target for the upcoming years to get an expected idea of their investment returns. It’s important to understand that the target price is only an estimate and there is no guarantee that it will reach that price within the given timeframe.
Conducting your own analysis is crucial as it helps you manage your risk and portfolio effectively. If you lack the time to analyze stocks, you can seek guidance from an investment advisor or consider investing in mutual funds.
However, we have analyzed the previous year’s returns of MRF shares, its financials, business model, growth prospects, risk factors, and more. Based on this analysis, we have determined the following target prices for MRF stock from 2024 to 2050:
![candlestick chart](https://sharekingz.com/wp-content/uploads/2023/10/candlestick-chart-819x1024.jpg)
Year | MRF Share Price Target |
2024 | Rs. 1,44,904 |
2025 | Rs. 1,66,640 |
2026 | Rs. 1,86,637 |
2027 | Rs. 2,14,632 |
2028 | Rs. 2,55,412 |
2029 | Rs. 2,68,183 |
2030 | Rs. 3,08,411 |
2031 | Rs. 3,22,542 |
2032 | Rs. 3,67,009 |
2033 | Rs. 4,18,390 |
2034 | Rs. 4,76,964 |
2035 | Rs. 5,43,739 |
2036 | Rs. 6,19,863 |
2037 | Rs. 7,25,239 |
2038 | Rs. 8,70,287 |
2039 | Rs. 10,00,830 |
2040 | Rs. 11,50,955 |
2041 | Rs. 13,23,598 |
2042 | Rs. 14,69,194 |
2043 | Rs. 16,89,573 |
2044 | Rs. 19,59,905 |
2045 | Rs. 22,53,891 |
2046 | Rs. 26,82,130 |
2047 | Rs. 30,84,449 |
2048 | Rs. 35,47,117 |
2049 | Rs. 40,79,184 |
2050 | Rs. 46,91,062 |
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About MRF Tyre Share
MRF, short for Madras Rubber Factory, is a renowned Indian multinational tyre manufacturing company. Headquartered in Chennai, it holds the distinction of being the largest tyre manufacturer in India. The company specializes in producing a wide range of rubber products, including tyres, treads, tubes, conveyor belts, paints, and toys.
MRF’s journey began in 1946 when it was established as a toy balloon manufacturing unit by K. M. Mammen Mappillai in Tiruvottiyur, Madras. In 1952, the company expanded its operations to include the production of tread rubber. By November 1960, MRF had transformed into a private company and entered into a partnership with Mansfield Tire & Rubber Company from Ohio, United States, to commence tyre manufacturing.
MRF Share Fundamental Analysis
Data As of 2nd January 2024
Current Market Price | Rs. 1,29,992 |
Market Cap | Rs. 55117 Crores |
P/E Ratio | 32.6 |
EPS | 3986 |
52 Week High | Rs. 1,30,734 |
52 Week Low | Rs. 81,380 |
Book Value | Rs. 37,328 |
Dividend Yield | 0.13% |
ROCE | 7.43% |
ROE | 4.87% |
Promoters Holding | 27.75% |
FIIs Holding | 19.58% |
DIIs Holding | 11.19% |
Public Holding | 41.48% |
The sales growth of MRF tyres is not as impressive as anticipated. Over a 10-year period, the compounded sales growth stands at 7%, while it reaches 9% over 5 years, 12% over 3 years, and 11% on a trailing twelve-month (TTM) basis. Similarly, the compounded profit growth for 10 years is 2%, -9% for 5 years, -21% for 3 years, and 198% on a TTM basis.
In terms of stock performance, it has provided relatively balanced returns with a compound annual growth rate (CAGR) of 21% over 10 years, 14% over 5 years, 20% over 3 years, and 48% over the past year. Currently, the stock is trading at 3.48 times its book value. However, MRF has shown a low return on equity of 6.19% over the last 3 years.
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FAQs Related to MRF Tyre Share Price Target
Why MRF share price is so high?
When a company performs well, its share price tends to increase. Often, when the share price becomes excessively high, companies choose to split their stock to maintain trading volume. However, MRF has not yet undergone a stock split, which is why its share price remains at a high level. In terms of valuation, MRF is similar to other stocks in the market.
Is MRF share good to buy?
All the essential analysis has been completed on this page. Now, it’s your turn to conduct your own analysis based on your investment strategy and risk tolerance. This will help you make an informed decision.
Last Lines:
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