This tyre stock rises over 1,500 in 1 day on strong Q4 numbers, 169 dividend per share. Should you buy/sell?

MRF stock price rallied strongly on May 4th to cross over 95,000 mark and almost near its 1-year high. The strong buying was attributed to healthy growth in Q4 and FY23 earnings, while the company's final dividend of 169 per share.
04-05-2023
Bigul

FY23 Annual Result Announced for MRF Ltd.

Auto Tyres & Rubber Products company MRF announced FY23 results: Consolidated total income is Rs 23,261.17 crore for FY23, as compared to Rs 19,633.71 crore in FY22 Consolidated Profit before tax stood at Rs 1,069.74 crore for FY23, as against Rs 907.93 crore for FY22 Tax expense for FY23 is Rs 300.78 crore (previous year Rs 238.69 crore). Consolidated net profit for FY23 is Rs 768.96 crore as against Rs 669.24 crore for FY22 The Company's consolidated Exports for FY23 was Rs 1,877 crore as against Rs 1,791 crore for FY22 The Board of Directors have recommended a final dividend of Rs 169/- (1690%) per share of Rs10 each. With two dividends of Rs 3/- each paid during the above period, the aggregate dividend for the year works out to Rs 175/- (1750%) per share of Rs 10 each. Result PDF
04-05-2023

MRF nears 52-week high on healthy Q4 results; stock rallies 8% in 2 days

Analysts at Motilal Oswal Financial Services (MOFSL) said that MRF's Q4FY23 performance surprised positively as lower raw material costs boosted Ebitda margin to 14.7 per cent
04-05-2023
Bigul

MRF LTD. - 500290 - Related Party Transactions For The Half Year Ended 31St March, 2023.

Related Party Transactions for the half year ended 31st March, 2023.
03-05-2023
Bigul

MRF LTD. - 500290 - Security Cover Certificate

Security Cover Certificate
03-05-2023
Bigul

MRF LTD. - 500290 - Statement Under Regulation 52(7) And 52(7A) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

Statement under Regulation 52(7) and 52(7A) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
03-05-2023
Bigul

MRF LTD. - 500290 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release - Board Meeting held on 03rd May, 2023
03-05-2023
Bigul

MRF LTD. - 500290 - Corporate Action-Board approves Dividend

The Board of Directors at its meeting held today have recommended a final dividend of Rs 169/- (1690%) per share of Rs.10 each. The Company has already declared and paid two interim dividends of Rs.3/- (30%) each per share for the financial year ended 31st March, 2023. The total dividend for the financial year ended 31st March 2023 works out to Rs. 175 (1750%) per share of Rs.10 each.
03-05-2023
Bigul

MRF LTD. - 500290 - Audited Financial Results For The Year Ended 31St March 2023

Please refer our letter dated 24th April, 2023. Pursuant to the applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, please find the following: 1.Audited financial results (standalone and consolidated) for the year ended 31st March,2023 as approved by the Board of Directors in the Board Meeting held today. Declaration with respect to Auditors'' Report with unmodified opinion is given in Audited financial results. 2.Auditors'' Report for audited financial results for both standalone and consolidated for the year ended 31st March, 2023. 3.The Board of Directors have recommended a final dividend of Rs 169/- (1690%) per share of Rs.10 each. The Company has already declared and paid two interim dividends of Rs.3/- (30%) each per share for the financial year ended 31st March, 2023. The total dividend for the financial year ended 31st March 2023 works out to Rs. 175 (1750%) per share of Rs.10 each.
03-05-2023
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