By { Sandeep Bishnoi} | Nov 20, 2024
MRF Limited is a well-recognized leader in the tyre manufacturing industry. With a reputation for innovation, quality, and strategic market positioning, the company’s stock has attracted attention from investors aiming for long-term growth. This article delves into MRF’s share price targets for 2025, 2026, 2030, 2035, 2040, and 2050, providing insights into its financial performance, competitors, future plans, and associated risks.
Discover MRF share price targets for 2025, 2026, 2030, 2035, 2040, and 2050. Explore yearly predictions, future growth potential, risks, and competitor analysis to make informed investment decisions.
Table of MRF Share Price Targets (2025–2050)
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|
| 2025 | ₹1,22,000 | ₹1,82,000 |
| 2026 | ₹1,42,000 | ₹2,12,000 |
| 2030 | ₹2,35,000 | ₹3,88,000 |
| 2035 | ₹4,50,000 | ₹6,10,000 |
| 2040 | ₹6,10,000 | ₹7,60,000 |
| 2050 | ₹10,20,000 | ₹13,50,000 |
MRF Share Price Target for 2025
MRF is anticipated to see steady growth in 2025, driven by its innovation and market expansion. The demand for tyres in both domestic and international markets will likely support this trend.
| Month | Minimum Price (₹) | Maximum Price (₹) |
|---|
| January | ₹1,22,000 | ₹1,42,000 |
| June | ₹1,40,000 | ₹1,65,000 |
| December | ₹1,80,000 | ₹1,82,000 |
Summary: The 2025 price range is expected to be ₹1,22,000–₹1,82,000. This aligns with MRF’s continued dominance in the tyre market and its focus on premium products.
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MRF Share Price Target for 2026
By 2026, MRF aims to consolidate its market share with advancements in technology and cost-efficiency measures.
| Month | Minimum Price (₹) | Maximum Price (₹) |
|---|
| March | ₹1,50,000 | ₹1,90,000 |
| September | ₹1,75,000 | ₹2,00,000 |
| December | ₹2,10,000 | ₹2,12,000 |
Summary: The share price is projected between ₹1,42,000 and ₹2,12,000, showcasing resilience amidst competitive challenges.
MRF Share Price Target for 2030
The rising global demand for eco-friendly tyres is likely to be a game-changer for MRF by 2030.
| Month | Minimum Price (₹) | Maximum Price (₹) |
|---|
| January | ₹2,35,000 | ₹2,70,000 |
| June | ₹3,00,000 | ₹3,50,000 |
| December | ₹3,85,000 | ₹3,88,000 |
Summary: In 2030, MRF shares could range between ₹2,35,000 and ₹3,88,000, driven by innovation in tyre technology.
MRF Share Price Target for 2035
MRF’s focus on emerging technologies and global market penetration should yield substantial growth by 2035.
| Month | Minimum Price (₹) | Maximum Price (₹) |
|---|
| January | ₹4,50,000 | ₹5,00,000 |
| June | ₹5,50,000 | ₹6,00,000 |
| December | ₹6,00,000 | ₹6,10,000 |
Summary: The projected price range for 2035 is ₹4,50,000–₹6,10,000, underscoring MRF’s adaptability and innovation.
MRF Share Price Target for 2040
By 2040, MRF is likely to reap the benefits of investments in sustainability and green technology.
| Month | Minimum Price (₹) | Maximum Price (₹) |
|---|
| January | ₹6,10,000 | ₹6,50,000 |
| June | ₹7,00,000 | ₹7,40,000 |
| December | ₹7,50,000 | ₹7,60,000 |
Summary: With a price range of ₹6,10,000–₹7,60,000, MRF’s long-term strategy appears robust.
MRF Share Price Target for 2050
MRF’s sustained innovation and dominance in the tyre industry are expected to culminate in significant stock growth by 2050.
| Month | Minimum Price (₹) | Maximum Price (₹) |
|---|
| January | ₹10,20,000 | ₹11,00,000 |
| June | ₹12,00,000 | ₹13,00,000 |
| December | ₹13,40,000 | ₹13,50,000 |
Summary: The 2050 share price projection is ₹10,20,000–₹13,50,000, reflecting strong market leadership.
Year-by-Year Summary of MRF Tyres Profit and Loss Data (₹ in Crores)
FY 2023-24 (Mar 24)
- Revenue: ₹24,986.14 Cr (highest so far, showing consistent growth in operations and other income).
- Expenses: ₹22,247.18 Cr, with the largest share being raw material costs at ₹15,051.75 Cr.
- Profit Before Tax (PBT): ₹2,738.96 Cr (a significant improvement from FY23).
- Net Profit (PAT): ₹2,040.95 Cr, marking a robust recovery.
- EPS (Basic and Diluted): ₹4,812.26.
- Dividend: ₹74.22 Cr, with a payout rate of 2000%.
FY 2022-23 (Mar 23)
- Revenue: ₹22,826.44 Cr (steep increase from FY22 due to higher operating revenues).
- Expenses: ₹21,787.57 Cr; raw material costs were ₹15,526.90 Cr.
- Profit Before Tax (PBT): ₹1,119.20 Cr.
- Net Profit (PAT): ₹816.23 Cr (decline due to higher costs).
- EPS (Basic and Diluted): ₹1,924.56.
- Dividend: ₹63.62 Cr, with a payout rate of 1750%.
FY 2021-22 (Mar 22)
- Revenue: ₹19,304.43 Cr (moderate growth compared to FY21).
- Expenses: ₹18,425.27 Cr; raw material costs were ₹13,254.45 Cr.
- Profit Before Tax (PBT): ₹879.16 Cr (decline due to higher costs).
- Net Profit (PAT): ₹647.34 Cr.
- EPS (Basic and Diluted): ₹1,526.34.
- Dividend: ₹63.60 Cr, with a payout rate of 1500%.
FY 2020-21 (Mar 21)
- Revenue: ₹16,128.58 Cr (recovery from FY20 with significant growth in operations).
- Expenses: ₹14,428.31 Cr; raw material costs were ₹8,853.63 Cr.
- Profit Before Tax (PBT): ₹1,700.27 Cr (substantial growth).
- Net Profit (PAT): ₹1,249.06 Cr.
- EPS (Basic and Diluted): ₹2,945.09.
- Dividend: ₹42.41 Cr, with a payout rate of 1500%.
FY 2019-20 (Mar 20)
- Revenue: ₹16,321.64 Cr (steady revenue despite challenges).
- Expenses: ₹14,922.32 Cr; raw material costs were ₹9,461.73 Cr.
- Profit Before Tax (PBT): ₹1,399.32 Cr.
- Net Profit (PAT): ₹1,394.98 Cr (highest net profit among earlier years).
- EPS (Basic and Diluted): ₹3,289.16.
- Dividend: ₹25.45 Cr, with a payout rate of 1000%.
Key Trends:
- Revenue Growth: MRF consistently increased its revenue, reaching a peak in FY24.
- Raw Material Costs: These form the majority of expenses, peaking in FY23 but slightly reducing in FY24.
- Profitability Recovery: After a dip in FY22 and FY23, profitability bounced back significantly in FY24.
- Dividend Payout: The company maintained steady and rising dividends, with the payout percentage doubling from FY20 to FY24.
- Earnings Per Share (EPS): A dramatic recovery in FY24 after a decline in the preceding years.
Conclusion:
MRF has shown resilience and consistent growth in revenues, with notable profitability improvements in FY24. Challenges like high raw material costs impacted margins in FY22 and FY23, but FY24 marked a robust recovery with a significant increase in net profit and EPS.
Profit data source: Moneycontrol.com
Can MRF Reach ₹ 1000000?
Products and Services
MRF offers:
- Tyres for two-wheelers, cars, and commercial vehicles.
- Conveyor belts and sports goods.
- Specialty tyres for motorsports.
Future Plans
- Expand in EV tyre production.
- Enhance global footprint, particularly in emerging markets.
- Focus on sustainability through green manufacturing.
Pros and Cons
Pros:
- Market leader with a strong brand reputation.
- Consistent innovation and quality.
Cons:
- High competition from global players.
- Dependence on raw material prices.
Risk Factors
- Fluctuating rubber prices.
- Global economic instability.
- Competition from low-cost manufacturers.
Conclusion
MRF continues to lead the tyre industry with strong fundamentals and innovation. While risks exist, its long-term growth prospects make it a strong contender for investors seeking steady returns.
FAQs
What is MRF’s target price for 2025?
Is MRF a good long-term investment?
Yes, given its market dominance and innovation.
What is MRF’s focus for the future?
EV tyres and green manufacturing.
Who are MRF’s competitors?
Apollo Tyres, Ceat, JK Tyre, and Balkrishna Industries.
What are the risks of investing in MRF?
Raw material price volatility and competition.
How does MRF rank globally?
MRF is among the top tyre manufacturers worldwide.
