MRF offered its IPO (initial public offering) on 30 Sep 1984. This was the first time when MRF’s shares were listed on the stock exchange and available to trade publicly. Since then, MRF shares have been actively traded on the Indian stock market.
However, the journey of this Indian company, starting as a small balloon seller and transforming into a giant corporation, is remarkable. It is the first stock in India to reach 100000 ₹ price, making it the most expensive stock in the Indian stock market.
MRF Share Price From 1990 to 2023
| Year | Share Price (₹) |
|---|---|
| 1990 | 300 |
| 1991 | 355 |
| 1992 | 735 |
| 1993 | 925 |
| 1994 | 2000 |
| 1995 | 2300 |
| 1996 | 3525 |
| 1997 | 3100 |
| 1998 | 2742 |
| 1999 | 2635 |
| 2000 | 1041 |
| 2001 | 475 |
| 2002 | 1000 |
| 2003 | 854 |
| 2004 | 1290 |
| 2005 | 3185 |
| 2006 | 2100 |
| 2007 | 8100 |
| 2008 | 1600 |
| 2009 | 6000 |
| 2010 | 9800 |
| 2011 | 5700 |
| 2012 | 11500 |
| 2013 | 14900 |
| 2014 | 32800 |
| 2015 | 41700 |
| 2016 | 32600 |
| 2017 | 70500 |
| 2018 | 80000 |
| 2019 | 53000 |
| 2020 | 58000 |
| 2021 | 84400 |
| 2022 | 64700 |
| 2023 | 100000 |
- MRF share price in 1990 was around ₹300.
- MRF share price in 1993 was around ₹925.
- MRF share price in 1995 was around ₹2300.
- MRF share price in 1999 was around ₹2635.
- MRF share price in 2021 was around ₹58000.
- MRF share price in 2022 was around ₹64700.
- MRF share price in 2023 was around ₹84400.
MRF Share Price in 2000
In January 2000, MRF stock price hit a high of ₹2710 before the dot-com bubble crash.
When the dot-com bubble crash started, MRF share price declined and fell almost 85%, making a low of ₹401 in October 2001. But after this fall, the share price started its up-trending journey and rose almost 2140% from its low of ₹401 and reached ₹8968 in November 2007.
Suppose you invested ₹100000 in October 2001 with an average price of ₹450; then the value of the 222 shares you’d have would be ₹19,90,896.
Following the remarkable rally of 2140%, MRF encountered another significant market crash, the financial crisis of 2008. The impact was severe, causing the stock to decline by 83% from its high in 2007, ultimately reaching a low of ₹1738.
After the crash, the stock price of MRF began to recover and started rising again in March 2009. It surpassed its previous high from November 2007 and reached a new high of ₹9824 on October 2010. Since then, the stock has continued its upward rally and is trading around ₹98272, nearing the ₹100000 mark. It is anticipated that the stock will soon break through and reach above 100000₹.
Also Read: Tata Steel Share Price Target 2023, 2024, 2025, 2026, 2027, 2030
MRF SHARE PRICE CHART
If we see the MRF share price chart from 1990 till 2023, we can notice there are many falls that this stock has seen, but still, after those falls, it always managed to come back and give good returns to its shareholders.
This stock has seen some worst & historical stock market crashes as well, which are as follows;
- Harshad Mehta scam in 1992
- Dot-Com bubble crash in 2000
- UPA 1 election crash of 2004
- Crash of 2006, the BSE Sensex fell by 826 points to 11,391
- Financial Crisis of 2007 – 2008
- Crashes of 2020, coronavirus pandemic
MRF SHARE RETURNS IN LAST 5 YEARS
Over the past 5 years, MRF has delivered an impressive return of 33.06% to its shareholders. This means that if you had invested in MRF shares five years ago, your investment would have grown by more than a third during this period. If you had invested ₹10,000 in MRF in 2019, your investment would have grown to ₹13,306 by 2023, which represents a remarkable return of 33.06% over the 5-year period.
MRF Share Story From Zee Business
Recently, a video went viral on social media in which a man tells a Zee Business reporter that he has 20,000 shares of MRF which his grandfather had bought in 1990. The current value of those shares is ₹ 19,47,34,00,000 (₹ 19,473.4 crore) at a price of ₹ 97,367 per share.
Video from Youtube Channel Zee Business:
Company Overview
MRF (Madras Rubber Factory) began its journey in 1946 as a toy balloon manufacturing unit. Over time, they expanded their operations to include the production of tread rubber. Recognizing their growing potential, Madras Rubber Factory Limited was established as a private company in November 1960.
On April 1, 1961, the company transitioned from a private entity to a publicly traded company, opening doors to a broader pool of investors and providing the necessary capital for expansion and growth.
Disclaimer: The share price information presented in this article from 1990 to 2023 is based on historical data obtained from investing.com. However, it is essential to note that the accuracy and reliability of historical share price data, especially from earlier periods such as 1990, may be subject to limitations.
Frequently Asked Questions
MRF Stock Price in 1990?
MRF Share price in 1990 was 300 Rupees.
What was MRF share price in 1993?
MRF Share price in 1993 was 925 Rupees.
What was MRF share price in 2010?
MRF Share price in 2010 was 9800 Rupees.
