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- Indian - tyres
- MRF - APOLLO TYRES
MRF vs APOLLO TYRES - Comparison Results
Current Valuations
| MRF | APOLLO TYRES | MRF/ APOLLO TYRES |
|||
|---|---|---|---|---|---|
| P/E (TTM) | x | 26.8 | 21.3 | 125.5% | View Chart |
| P/BV | x | 3.1 | 2.2 | 140.3% | View Chart |
| Dividend Yield | % | 0.2 | 1.2 | 13.2% |
Financials
 MRF  APOLLO TYRES |
| EQUITY SHARE DATA | |||||
|---|---|---|---|---|---|
| MRF Mar-24 |
APOLLO TYRES Mar-24 |
MRF/ APOLLO TYRES |
5-Yr Chart Click to enlarge
|
||
| High | Rs | 151,283 | 560 | 27,022.1% | |
| Low | Rs | 83,505 | 318 | 26,284.2% | |
| Sales per share (Unadj.) | Rs | 59,361.3 | 399.6 | 14,855.7% | |
| Earnings per share (Unadj.) | Rs | 4,908.6 | 27.1 | 18,104.9% | |
| Cash flow per share (Unadj.) | Rs | 8,281.1 | 50.4 | 16,437.0% | |
| Dividends per share (Unadj.) | Rs | 200.00 | 6.00 | 3,333.3% | |
| Avg Dividend yield | % | 0.2 | 1.4 | 12.5% | |
| Book value per share (Unadj.) | Rs | 39,393.8 | 218.9 | 17,996.5% | |
| Shares outstanding (eoy) | m | 4.24 | 635.10 | 0.7% | |
| Bonus / Rights / Conversions | 0 | 0 | - | ||
| Price / Sales ratio | x | 2.0 | 1.1 | 180.1% | |
| Avg P/E ratio | x | 23.9 | 16.2 | 147.8% | |
| P/CF ratio (eoy) | x | 14.2 | 8.7 | 162.8% | |
| Price / Book Value ratio | x | 3.0 | 2.0 | 148.7% | |
| Dividend payout | % | 4.1 | 22.1 | 18.4% | |
| Avg Mkt Cap | Rs m | 497,880 | 278,666 | 178.7% | |
| No. of employees | `000 | NA | NA | - | |
| Total wages/salary | Rs m | 17,968 | 29,640 | 60.6% | |
| Avg. sales/employee | Rs Th | 0 | 0 | - | |
| Avg. wages/employee | Rs Th | 0 | 0 | - | |
| Avg. net profit/employee | Rs Th | 0 | 0 | - | |
| INCOME DATA | |||||
|---|---|---|---|---|---|
| Net Sales | Rs m | 251,692 | 253,777 | 99.2% | |
| Other income | Rs m | 3,168 | 1,536 | 206.3% | |
| Total revenues | Rs m | 254,861 | 255,313 | 99.8% | |
| Gross profit | Rs m | 42,616 | 43,915 | 97.0% | |
| Depreciation | Rs m | 14,300 | 14,778 | 96.8% | |
| Interest | Rs m | 3,610 | 5,270 | 68.5% | |
| Profit before tax | Rs m | 27,874 | 25,402 | 109.7% | |
| Minority Interest | Rs m | 0 | 0 | - | |
| Prior Period Items | Rs m | 0 | 0 | - | |
| Extraordinary Inc (Exp) | Rs m | 0 | 0 | - | |
| Tax | Rs m | 7,062 | 8,183 | 86.3% | |
| Profit after tax | Rs m | 20,812 | 17,219 | 120.9% | |
| Gross profit margin | % | 16.9 | 17.3 | 97.8% | |
| Effective tax rate | % | 25.3 | 32.2 | 78.6% | |
| Net profit margin | % | 8.3 | 6.8 | 121.9% | |
| BALANCE SHEET DATA | |||||
|---|---|---|---|---|---|
| Current assets | Rs m | 105,496 | 90,277 | 116.9% | |
| Current liabilities | Rs m | 77,100 | 70,438 | 109.5% | |
| Net working cap to sales | % | 11.3 | 7.8 | 144.3% | |
| Current ratio | x | 1.4 | 1.3 | 106.8% | |
| Inventory Days | Days | 60 | 14 | 422.2% | |
| Debtors Days | Days | 4 | 38 | 11.0% | |
| Net fixed assets | Rs m | 162,999 | 178,472 | 91.3% | |
| Share capital | Rs m | 42 | 635 | 6.7% | |
| "Free" reserves | Rs m | 166,988 | 138,387 | 120.7% | |
| Net worth | Rs m | 167,030 | 139,022 | 120.1% | |
| Long term debt | Rs m | 7,241 | 26,727 | 27.1% | |
| Total assets | Rs m | 268,494 | 268,749 | 99.9% | |
| Interest coverage | x | 8.7 | 5.8 | 149.8% | |
| Debt to equity ratio | x | 0 | 0.2 | 22.5% | |
| Sales to assets ratio | x | 0.9 | 0.9 | 99.3% | |
| Return on assets | % | 9.1 | 8.4 | 108.7% | |
| Return on equity | % | 12.5 | 12.4 | 100.6% | |
| Return on capital | % | 18.1 | 18.5 | 97.6% | |
| Exports to sales | % | 6.5 | 8.0 | 81.7% | |
| Imports to sales | % | 16.8 | 2.4 | 691.9% | |
| Exports (fob) | Rs m | 16,455 | 20,309 | 81.0% | |
| Imports (cif) | Rs m | 42,376 | 6,175 | 686.2% | |
| Fx inflow | Rs m | 16,530 | 21,541 | 76.7% | |
| Fx outflow | Rs m | 50,801 | 6,175 | 822.7% | |
| Net fx | Rs m | -34,271 | 15,366 | -223.0% | |
| CASH FLOW | |||||
|---|---|---|---|---|---|
| From Operations | Rs m | 33,005 | 34,395 | 96.0% | |
| From Investments | Rs m | -23,792 | -7,107 | 334.8% | |
| From Financial Activity | Rs m | -8,682 | -26,591 | 32.7% | |
| Net Cashflow | Rs m | 546 | 764 | 71.4% | |
Share Holding
| Indian Promoters | % | 27.1 | 36.9 | 73.4% | |
| Foreign collaborators | % | 0.7 | 0.4 | 157.1% | |
| Indian inst/Mut Fund | % | 30.4 | 41.7 | 72.8% | |
| FIIs | % | 18.7 | 14.5 | 129.1% | |
| ADR/GDR | % | 0.0 | 0.0 | - | |
| Free float | % | 72.2 | 62.6 | 115.3% | |
| Shareholders | 48,576 | 429,251 | 11.3% | ||
| Pledged promoter(s) holding | % | 0.0 | 1.2 | - |
Compare MRF With: CEAT TVS SRICHAKRA GOODYEAR (I) JK TYRE & IND BALKRISHNA INDUSTRIES
More on MRF vs Apollo Tyres
No comparison is complete without understanding how the stock prices have performed over a period of time.
Here's a brief comparison:
MRF vs Apollo Tyres Share Price Performance
| Period | MRF | Apollo Tyres |
|---|---|---|
| 1-Day | 1.65% | 3.09% |
| 1-Month | -4.12% | -4.39% |
| 1-Year | 10.36% | 14.37% |
| 3-Year CAGR | 17.55% | 30.83% |
| 5-Year CAGR | 14.11% | 23.74% |
* Compound Annual Growth Rate
Here are more details on the MRF share price and the Apollo Tyres share price.
Moving on to shareholding structures...
The promoters of MRF hold a 27.8% stake in the company. In case of Apollo Tyres the stake stands at 37.4%.
To review how promoter stakes have changed over time, and how much of the promoter stake is pledged, please see the shareholding pattern of MRF and the shareholding pattern of Apollo Tyres.
Finally, a word on dividends...
In the most recent financial year, MRF paid a dividend of Rs 200.0 per share. This amounted to a Dividend Payout ratio of 4.1%.
Apollo Tyres paid Rs 6.0, and its dividend payout ratio stood at 22.1%.
You may visit here to review the dividend history of MRF, and the dividend history of Apollo Tyres.
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