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MRF Ltd.

BSE: 500290 Sector: Auto
NSE: MRF ISIN Code: INE883A01011
BSE 00:00 | 18 May 74145.20 -449.40
(-0.60%)
OPEN

74411.05

HIGH

75485.05

LOW

73894.70

NSE 00:00 | 18 May 74206.20 -353.75
(-0.47%)
OPEN

74555.00

HIGH

75509.00

LOW

73925.10

OPEN 74411.05
PREVIOUS CLOSE 74594.60
VOLUME 193
52-Week high 81423.00
52-Week low 61110.00
P/E 28.78
Mkt Cap.(Rs cr) 31,438
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 74411.05
CLOSE 74594.60
VOLUME 193
52-Week high 81423.00
52-Week low 61110.00
P/E 28.78
Mkt Cap.(Rs cr) 31,438
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

MRF Ltd. (MRF) - Chairman Speech

Company chairman speech

Dear Shareholder

The Indian Tyre Industry went through a very turbulent year with economic volatilityfurther compounded by initiatives like demonetization and changeover from BS III to BS IVnorms.

India continues to be one of the favourable economies in the world in terms of growthand investment opportunities. A near normal monsoon in 2016/17 especially in the Northand West has resulted in a healthy upswing in the agrarian economy which should augurwell in the coming year. The year 2017 will see new taxation and commercial reforms whichwill add to the growth of the economy.

MRF's total income for the financial year ended 31.03.2017 is Rs. 15078.01 crores. Wehave been market leaders for an unprecedented 30 years. However competition has becomestronger with tyre companies increasing their manufacturing capacities. Your company willcontinue to strive to be the customers’ preferred brand in the market by constantlyimproving product superiority widening distribution network and ensuring brand dominanceacross all segments.

MRF continues to earn accolades. Your company has been recognized as the 3rdfastest growing company during the period 2011-2016 by Business World Magazine publishedin April 2017 among companies with a turnover of more than Rs. 10000 crores. The MRFbrand has also figured for the second time in the prestigious list of India’s mostvaluable brands - BRANDZ TOP 50.

Looking ahead our initiatives in the new plants coupled with enhancement of ourexisting production capabilities will be helpful in not only safeguarding our leadershipposition but also in increasing our global footprint. We at MRF have a deepunderstanding of the country its people its roads its culture and its market - and thisis the critical differentiator which gives us the advantage over our competitors. Coupledwith innovative business solutions and multiple modernization initiatives MRF will beready for whatever the future may hold.

K.M. MAMMEN

Chairman & Managing Director