We are here with the share price forecast of another top tire manufacturing company MRF Limited for the years 2025 to 2028, 2030 and 2035. This is MRF Ltd (Madras Rubber Factory Limited) which is listed on the both National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) in India.
Currently, its share price is Rs 1,44,421.05, which is 66.03% higher in just one year. It is considered to be one of the most valuable and reputed companies in the Indian stock market.
Before predicting its future price, we need to know some basic information about MRF Ltd. The company stands for Madras Rubber Factory (MRF) and is a leading Indian tire manufacturing company established in 1946.
The company is known for its high-quality products and has strong brand value across the globe. It has a wide range of tires for trucks, cars, OTRs, two-wheelers, and other heavy-duty vehicles. Besides this, it is also a manufacturer of several rubber products, paints, and conveyor belts.
Fundamentals of MRF Ltd
MRF Ltd is a well-known name in the automotive industry, which has managed to maintain its leadership position in the Indian tire market. The company has also expanded its operations overseas and has a presence in more than 100 countries.
| Company Name | MRF Limited |
| Industry | Manufacturing (Tyre) |
| Country | India |
| Primary Exchange | NSE/BSE |
| Founded | 1946 |
| Market Cap | ₹61,251 Cr. |
| Revenue (FY23) | ₹23,263 Cr. |
| Net Profit | ₹594 Cr. |
| Net Profit Margin | 3.94% |
| EPS (TTM) | 1399 |
| PE Ratio (TTM) | 61.99 |
| Dividend Yield | 0.18% |
| Dividends Per Share | 150.00 |
| Debt to Equity | 0.22 |
| Face Value | 10 |
| Official Website | www.mrftyres.com |
Shareholding Pattern
| SL No | Shareholders name | Per cent |
|---|---|---|
| 1 | Promoters | 27.89% |
| 2 | Mutual Funds | 6.61% |
| 3 | Foreign Institutions | 18.22% |
| 4 | Domestic Institutions | 0.07% |
| 5 | Retail & others | 47.21% |
See also: CDSL share price target
Balance sheet history
| Stock details | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Reserves | 14,230.24 | 13,175.62 | 12,025 .11 | 10,650.05 | 9,734 |
| Borrowings (long-term) | 816.22 | 812.75 | 780.02 | 1055.75 | 1320.14 |
| Total Liabilities | 6,845.72 | 7,183.35 | 5,175.65 | 5,435.35 | 4,548.45 |
| Total Assets | 22,685.40 | 22,255.58 | 19,156.12 | 18,227.68 | 16,302.80 |
MRF Share Price Forecast 2024-2035
- 2023: Rs 98,250.00
- 2024: Rs 145,720.10
- 2025: Rs 1,78,550.20
- 2026: Rs 1,86,340.70
- 2028: Rs 2,29,230.20
- 2030: Rs 2,88,630.40
- 2035: Rs 4,35,530.30
MRF share price history last 10 years
| Year | Month | Share price (₹) |
|---|---|---|
| 2013 | Oct | 15,751.80 |
| 2014 | Dec | 37,958.55 |
| 2015 | Sep | 41,945.95 |
| 2016 | Sep | 50,872.55 |
| 2017 | Dec | 72,357.05 |
| 2018 | Apr | 79,933.45 |
| 2019 | Dec | 66,330.00 |
| 2020 | Nov | 77,738.65 |
| 2021 | Feb | 84,498.15 |
| 2022 | Nov | 93,557.50 |
| 2023 | Jan | 90,869.40 |
See also: EKI Energy share price target
Note: Readers are advised that the target price is based on our experience and technical analysis. It is only an estimated target value that may differ from the actual price at that time. Therefore, you are advised to do your research and consult with your financial advisor.
MRF Share Price Forecast 2024
In 2023, with our research and forecast system, the lowest share price target would be Rs 144,550.50 to Rs 148,000.20. The maximum target price for MRF shares may reach Rs 1,51,250.20 to Rs 1,53,250.30 at the end of the year.
| Target | Share price (low) | Share price (high) |
|---|---|---|
| Target-I | Rs 1,44,550.50 | Rs 1,48,000.20 |
| Target-II | Rs 1,51,250.20 | Rs 1,53,250.30 |
MRF Share Price Target 2025
According to our research and forecast system, the lowest share price target will be Rs 1,58,430.30 to Rs 1,63,350.30. At the end of the year, the maximum target price can reach from Rs 1,72,540.60 to Rs 1,78,720.10 by 2025.
| Target | Low | High |
|---|---|---|
| Target-I | Rs 1,58,430.30 | Rs 1,63,350.30. |
| Target-II | Rs 1,72,540.60 | Rs 1,78,720.10. |
MRF Share Price Target 2026
In 2026, according to our forecast system, the lowest price target for MRF shares would be Rs 1,78,570.40 to Rs 1,81,450.90. And the maximum target price at the end of the year will be Rs 1,83,550.20 to Rs 1,86,620.80.
| Target | Low | High |
|---|---|---|
| Target-I | Rs 1,78,570.40 | Rs 1,81,450.90 |
| Target-II | Rs 1,83,450.90 | Rs 1,86,620.20 |
MRF Share Price Target 2028
The minimum target price for MRF shares will be Rs 1,91,740.40 to Rs 1,98,520.30 in 2026. At the end of the year, the maximum price of the MRF share can reach Rs 2,18,450.20 to Rs 2,29,230.70 by 2028.
| Target | Low | High |
|---|---|---|
| Target-I | Rs 1,91,740.40 | Rs 1,98,520.30 |
| Target-II | Rs 2,18,450.20 | Rs 2,29,230.70 |
MRF Share Price Target 2030
In 2030, according to our forecast system, the minimum MRF share price target is in the range of Rs 2,30,540.40 to Rs 2,48,780.30. Whereas the maximum target price will be Rs 2,56,620.50 to Rs 2,88,230.20.
| Target | Low | High |
|---|---|---|
| Target-I | Rs 2,38,540.40 | Rs 2,48,780.30 |
| Target-II | Rs 2,56,620.50 | Rs 2,88,230.20 |
MRF Share Price Target 2035
In 2030, the minimum target price of MRF shares will be Rs 3,10,170.20 to Rs 3,32,140.10. In the middle of the year, the maximum target price will be Rs 3,64,540.30 to Rs 4,35,330.40.
| Target | Low | High |
|---|---|---|
| Target-I | Rs 3,10,170.20 | Rs 3,32,140.10 |
| Target-II | Rs 3,64,540.30 | Rs 4,35,330.40 |
How to Buy MRF Stocks?
There are many popular brokers’ websites available, where you can open a Demat account to buy shares of MRF or others.
- Submit KYC: Visit any stockbroker website and enter your details, such as name, date of birth, and address. Then submit.
- Add funds: Once open your Demat account, you need to deposit funds in your account to trade.
- Find MRF: To buy MRF shares, enter the name on the search bar, and you will find the ticker symbol of MRF Ltd, and add it.
- Confirm order: Select the number of shares and proceed. Finally, pay and confirm your order.
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MRF Risk Factors
Various risk factors are involved with MRF, as it produces highly competitive products. Which may affect its financial performance in the market. Apart from this, many other factors can affect the company as well.
- Market trends
- Raw material
- Management
- Government law
- Competition
- Global crisis
FAQs
A: The share price of MRF is so high that a common investor cannot buy a single share. Currently, its share price is Rs 144,869.40.
A: The current share price of MRF shares in January is Rs 144,557.50.
A: The target share price of MRF will be Rs 1,63,450 to Rs 1,78,550.20 in 2025.
A: Within a few years, its share prices have increased from Rs 7500 to Rs 94500 and have also outperformed. Because of this, it has a lot of demand in the market. Also, it is because of the yield, which makes the share price very expensive.
A: The maximum target share price of MRF shares is Rs 2,18,450.20 to Rs 2,29,230.70 by 2028.
A: The target share price of MRF shares is Rs 2,56,620.50 to Rs 2,88,230.20 by 2030.
Disclaimer: The target price on our website (bankshala.com) is for general information only. We are not SEBI-registered financial advisors and no part of the website content provided by us should be considered financial advice for your investments.
