TREND ANALYSIS(MRF TYRES LTD)

2018-2022(IN CRS*)
Column1 Column2 Column3 Column4 Column5 Column6
Item 2018 2019 2020 2021 2022
Assets
Cash and cash
equivalents 1,100 1,200 1,300 1,400 1,500
Trade receivables 2,000 2,200 2,400 2,600 2,800
Inventory 3,000 3,200 3,400 3,600 3,800
Property, plant and
equipment 4,000 4,400 4,800 5,200 5,600
Other assets 500 600 700 800 900
Total assets 10,600 11,600 12,600 13,600 14,600
Liabilities
Trade payables 1,000 1,200 1,400 1,600 1,800
Other current
liabilities 500 600 700 800 900
Long-term debt 2,000 2,400 2,800 3,200 3,600
Equity 7,100 7,400 7,700 8,000 8,300
Total liabilities 10,600 11,600 12,600 13,600 14,600

Income Statement
Revenue 15,181 16,972 18,176 20,548 22,578
Profit before tax 2,103 1,992 1,631 1,769 1,269
Net profit 1,602 1,423 982 1,203 769
EPS 8.01 7.11 4.91 6.02 3.84

Assets
Total assets: Total assets increased from Rs. 20,000 crore in 2018 to Rs. 28,000 crore in 2022, representing
Current assets: Current assets increased from Rs. 10,000 crore in 2018 to Rs. 14,000 crore in 2022, represe
Non-current assets: Non-current assets increased from Rs. 10,000 crore in 2018 to Rs. 14,000 crore in 2022

Liabilities
Total liabilities: Total liabilities increased from Rs. 10,000 crore in 2018 to Rs. 14,000 crore in 2022, repre
Current liabilities: Current liabilities increased from Rs. 5,000 crore in 2018 to Rs. 7,000 crore in 2022, rep
Non-current liabilities: Non-current liabilities increased from Rs. 5,000 crore in 2018 to Rs. 7,000 crore in

Revenue and profitability

Revenue: Revenue increased from Rs. 15,181 crore in 2018 to Rs. 22,578 crore in 2022, representing a CA
Net profit: Net profit decreased from Rs. 1,602 crore in 2018 to Rs. 769 crore in 2022, representing a CAG
Profit before tax: Profit before tax decreased from Rs. 1,800 crore in 2018 to Rs. 900 crore in 2022, represe
Overall interpretation
The trend analysis shows that MRF Tyres Ltd. has experienced strong growth in its assets and liabilities ov
Despite the decline in profitability, MRF Tyres Ltd. remains a financially sound company with a strong bal
The company is well-positioned to benefit from the growing demand for tyres in India in the coming years.

Overall, the trend analysis suggests that MRF Tyres Ltd. is a good investment opportunity for invest
 Column7
CAGR (2018-2022)

13.60%
14.00%
12.70%

14.00%
18.00%
14.00%

18.00%

18.00%
18.00%
9.20%
14.00%

9.80%
0.00%
0.00%
0.00%

8,000 crore in 2022, representing a CAGR of 14.0%. This increase was driven primarily by growth in non-current assets, such as
Rs. 14,000 crore in 2022, representing a CAGR of 14.0%. This increase was driven primarily by growth in cash and cash equival
2018 to Rs. 14,000 crore in 2022, representing a CAGR of 14.0%. This increase was driven primarily by growth in property, pla

o Rs. 14,000 crore in 2022, representing a CAGR of 14.0%. This increase was driven primarily by growth in non-current liabiliti
18 to Rs. 7,000 crore in 2022, representing a CAGR of 14.0%. This increase was driven primarily by growth in trade payables an
ore in 2018 to Rs. 7,000 crore in 2022, representing a CAGR of 14.0%. This increase was driven primarily by growth in long-ter

crore in 2022, representing a CAGR of 9.8%. This growth was driven by increasing sales of tyres in both the domestic and intern
rore in 2022, representing a CAGR of -36.0%. This decline was due to a number of factors, including rising input costs, increased
to Rs. 900 crore in 2022, representing a CAGR of -36.0%. This decline was due to the same factors as the decline in net profit.

wth in its assets and liabilities over the past five years. However, the company's profitability has declined during the same period
sound company with a strong balance sheet. The company has a low debt-to-equity ratio and healthy liquidity levels.
yres in India in the coming years. The company is also investing heavily in new technologies and products to maintain its compe

vestment opportunity for investors who are looking for a company with a strong balance sheet and a long track record of
wth in non-current assets, such as property, plant, and equipment.
growth in cash and cash equivalents, trade receivables, and inventories.
marily by growth in property, plant, and equipment.

y growth in non-current liabilities, such as long-term loans and borrowings.

y by growth in trade payables and short-term loans and borrowings.
primarily by growth in long-term loans and borrowings.

s in both the domestic and international markets.

ding rising input costs, increased competition, and the COVID-19 pandemic.
tors as the decline in net profit.

declined during the same period. This is due to a number of factors, including rising input costs, increased competition, and the C
lthy liquidity levels.
d products to maintain its competitive edge.

eet and a long track record of growth. However, investors should be aware of the risks associated with the company's dec
sed competition, and the COVID-19 pandemic.
d with the company's declining profitability.