58950.60 -580.25 (-0.97%)
NSESep 18, 2020 03:31 PM
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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2019-05-03||MRF Ltd.||BOB Capital Markets Ltd.||53300.00||60750.00||53300.00 (10.60%)||Target met||Buy|
BOB Capital Markets Ltd.
MRF's Q3FY19 revenue grew 5% YoY to Rs 40.7bn, but a 170bps contraction in gross margin and 200bps rise in other expense/sales prompted a 17% YoY drop in EBITDA to Rs 5.7bn and 370bps decline in operating margin to 14%. A below-expected tax rate limited the fall in adj. PAT to 24% YoY at Rs 2.9bn. We prune our FY20/FY21 EPS estimates by ~9% each assuming lower gross margins and weaker demand outlook going ahead and roll over to a...
|2018-08-10||MRF Ltd.||Dolat Capital||73800.05||81712.00||73800.05 (-20.12%)||Buy|
MRF posted weak topline growth of 8.1% YoY at ` 38.6 bn for the quarter ended Q1FY19 along with gross and EBITDA margins of 39.8% and 15.4% respectively. The gross and EBITDA margins for the quarter Q1FY19 improved by 735 bps and 773 bps respectively on an unfavorable period of Q1FY18. We believe the pressure in the top line growth for MRF was due to the increasing intensity of competition in the tyre space where realizations per unit would have declined and unfavorable product mix due to increasing demand from the CV segment. The stock has corrected nearly 10% in the...
|2018-05-03||MRF Ltd.||Dolat Capital||76020.00||87285.00||76020.00 (-22.45%)||Buy|
Quarter marginally disappoints but outlook is intact MRF revenue grew 15.8% YoY in Q4FY18 to ` 39bn, which was lower than our estimates of ` 40 bn. Profitability was also marginally lower than estimates. We believe that recent price hikes taken by MRF will enable margin restoration / expansion in coming quarters. MRF has an incomparable moat over its competitors and strong brand recall which will keep MRF ahead of its competitors. With strong presence across segments and volume outlook looking robust, we expect MRF to further strengthen its...
|2017-11-13||MRF Ltd.||HDFC Securities||68371.55||68371.55 (-13.78%)||Results Update|
|2017-08-05||MRF Ltd.||HDFC Securities||67400.00||67400.00 (-12.54%)||Results Update|
|2017-05-23||MRF Ltd.||HDFC Securities||63708.45||63708.45 (-7.47%)||Results Update|
|2017-02-06||MRF Ltd.||HDFC Securities||50218.95||50218.95 (17.39%)||Results Update|
|2013-11-29||MRF Ltd.||Ashika Research||17316.45||19430.00||17316.45 (240.43%)||Target met||Buy|
|2012-02-17||MRF Ltd.||Ashika Research||9766.60||9766.60 (503.59%)||Accumulate|
Chennai. Presently, company is a leading manufacturer of tyres and tubes for entire gamut of automobile in India. It is one of the front-runners in bringing the revolution in manufacturing tyre. With an installed capacity of 34.3 million units...