Q3 FY26 Results: MRF Ne Kaise Uda Di Sabki Neend?
Dekho, MRF Limited ne apne Q3 FY26 ke results announce kiye hain aur numbers toh damdaar hain. Company ka revenue 15% badh kar ₹8,050.43 crore ho gaya, aur asal mazaa toh profit mein hai! Net profit ek saal pehle ke comparison mein 119% leap laga kar ₹692 crore tak pahunch gaya. Is sabke peeche ek bada reason hai EBITDA, jo 68% udd kar ₹1,399 crore ho gaya. Isse company ke margins mein 450 basis points ka expansion hua hai, jo ab 17.4% par aa gaye hain. Aur haan, yeh sab tab hua jab unhone labor code se related ₹77.2 crore ka one-time charge bhi de diya. Market ne bhi is performance ko khoob appreciate kiya, jiske chalte share ki trading volume 10 guna zyada badh gayi aur share ki price ₹1,49,000 tak pahunch gayi!
Valuation Ka Game: Kya Share Mehnga Hai?
Abhi MRF ka Price-to-Earnings (P/E) ratio lagbhag 30.87x chal raha hai. Jabki iske competitors jaise JK Tyre ka 28.33x, CEAT ka 25.21x, aur Apollo Tyres ka 22.08x ke aas-paas hai. Toh matlab, MRF apne competitors se thoda zyada hi premium par trade ho raha hai. Haalanki, company ki market cap lagbhag ₹63,000 crore hai, jo uska strong position dikhata hai.
Analyst Kya Bol Rahe Hain?
Mazedaar baat ye hai ki itne acche results ke bawajood, most analysts ka MRF par 'Sell' rating hai. Kuch analysts ne buy, hold, aur sell sab tarah ke recommendations diye hain, aur unka average 12-month target price kuch khaas upside nahi dikha raha. Ye market reaction aur analyst sentiment ke beech ka difference interesting hai.
Sector Ka Kya Scene Hai?
Overall Indian auto sector ka outlook toh achha hai, aur 2026 tak 6-8% growth expect hai. Nifty Auto index bhi theek chal raha hai. Par tyre industry ke liye challenges bhi hain, jaise natural rubber ke badhte prices jo FY26 mein margins ko 200-400 basis points tak affect kar sakte hain. Supply chain ki dikkatein bhi hain.
Pichhle Saal Se Contrast Aur Future Outlook
Yaad hai pichhle saal Q3 FY25 mein MRF ka profit 34.5% gir gaya tha rubber prices aur slow sales ki wajah se? Is baar ka performance toh poori tarah se alag hai, ek zabardast recovery dikha raha hai. Company ne ₹3 per share ka interim dividend bhi approve kiya hai, jisme record date February 13 hai. Par, analysts ki cautionary tone ko nazarandaaz nahi kar sakte.