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MRF Ltd

ā‚¹ 1,43,181-1.70%
16 Jan 3:01 p.m. ā€“ close price
šŸ”—mrftyres.comā€¢BSE: 500290ā€¢NSE: MRF
Market Capā‚¹ 60,725 Cr.
Current Priceā‚¹ 1,43,181
High / Lowā‚¹ 1,63,600
Stock P/E33.7
Book Valueā‚¹ 45,019
Dividend Yield0.16 %
ROCE13.8 %
ROE10.5 %
Face Valueā‚¹ 10.0
Salesā‚¹ 28,637 Cr.
OPM13.9 %
Mar Capā‚¹ 60,725 Cr.

ABOUT

Madras Rubber Factory Limited (MRF) is the parent company of the MRF Group. The Co is engaged in the business of manufacturing tyres[1]

KEY POINTS

Products & Services1) Products:The company manufactures tyres for passenger cars, 2W, 3W, OTRs, trucks, farm tractors, LCVs, tubes & flaps, SCVs, pickup cars, MCVs and ICVs. It also manufactures sports goods, paints & coats and pretreads, etc and supplies puzzles, games, and toys for kids through its brand Funskool.[1][2]

Also present in buckets:
Excellent ResultsPreferential IssuanceRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.MRF143180.8533.6960725.140.16511.5912.337249.687.2413.7628636.9713.861800.39511.593.276.560.11
2.Balkrishna Inds2450.0034.3247362.690.66273.19-21.262393.45-1.0916.6710466.1821.321379.52273.194.5210.360.35
3.Apollo Tyres508.7524.7232310.710.95258.0525.576831.096.1211.4426743.3913.731313.45378.382.084.560.29
4.CEAT3812.6029.3615422.000.77185.7152.543772.6514.1715.4014022.5811.55524.21185.953.354.660.68
5.JK Tyre & Indust503.9526.6014528.330.59226.8658.994011.3110.7612.7815312.5310.45545.66226.742.653.740.92
6.TVS Srichakra4008.95125.983070.850.4210.9622.70926.4910.075.363367.016.6924.3712.652.660.950.69
7.Goodyear India827.0045.921907.892.8813.07-16.96596.46-12.5713.012487.103.8741.5313.073.344.550.05
ā€“Median: 13 Co.503.9531.521907.890.5910.96-8.5596.468.2613.032487.111.036.4212.652.664.560.32

Quarterly Results

Standalone figures in ā‚¹ crores

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
5,5995,7195,5355,7256,3236,0886,0486,2157,0786,7606,8836,9447,5607,250
Expenses
5,1215,2524,9864,8825,2094,9595,0085,3305,9405,7876,0815,9016,5266,160
Operating Profit
4784675498431,1141,1291,0398861,1389738021,0431,0341,090
Other Income
347670148747077928311297111125107
Profit before tax
152165224579778773679508751611413645651682
Tax %
26%25%24%29%25%26%25%25%25%25%26%23%26%25%
Net Profit
112124169411581572508380563455307498484512
EPS in Rs
264.93292.35399.00968.291,370.991,348.541,197.85894.931,326.421,073.85723.211,173.871,141.761,206.27

Profit & Loss

Standalone Figures in ā‚¹ Crores / Yearly

Sep 2013Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
12,13113,19719,88713,25214,77515,83615,98915,92118,98922,57824,67327,66528,637
Expenses
10,36411,26615,50910,65212,54613,58013,65913,01516,96720,22720,48923,70224,668
Operating Profit
1,7671,9314,3782,6002,2292,2562,3302,9062,0222,3514,1853,9633,969
Other Income
2963315325327412330202313321302401440
Interest
196232352250250253281271255304323297302
Depreciation
3734237356097058069811,1371,2011,2491,4251,6471,715
Profit before tax
1,2271,3393,6062,0661,6021,6091,3991,7008791,1192,7392,4202,391
Net Profit
8028982,4741,4511,0921,0971,3951,2496478162,0411,8231,800
EPS in Rs
1,891.512,117.125,833.163,421.472,575.462,586.293,289.192,945.131,526.351,924.574,812.314,297.354,245.11
Dividend Payout %
2%2%2%2%2%2%3%5%10%9%4%5%ā€“

Compounded Sales Growth

10 Years:8%
5 Years:12%
3 Years:13%
TTM:10%

Compounded Profit Growth

10 Years:7%
5 Years:6%
3 Years:51%
TTM:-6%

Stock Price CAGR

10 Years:15%
5 Years:11%
3 Years:18%
1 Year:27%

Return on Equity

10 Years:12%
5 Years:9%
3 Years:10%
Last Year:11%

Balance Sheet

Standalone figures in ā‚¹ crores

Sep 2013Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
4444444444444
Reserves
3,6414,5137,1578,5409,60010,64912,00013,17513,77314,50516,43618,17219,089
Borrowings
1,5991,9032,0672,0721,7011,8681,3651,1202,4152,5612,3772,4532,093
Other Liabilities
3,0133,3773,9424,3094,9975,7075,7857,9616,5016,9547,5978,4688,632
Total Liabilities
8,2579,79713,17014,92516,30218,22819,15422,26022,69324,02426,41529,09629,817
Fixed Assets
2,9703,4294,5945,4886,0756,7688,8499,3919,46610,05011,97713,12913,023
Gross Block
ā€“6,327.765,248.166,713.137,949.049,372.6912,398.1014,017.0615,216.3216,884.9820,133.2122,800.50ā€“
Accumulated Depreciation
ā€“2,899.07654.361,225.551,873.732,605.173,548.924,625.925,750.056,834.948,155.999,671.77ā€“
CWIP
3596271,0588471,0791,4031,7351,0011,2263,0452,3631,166948
Investments
9061,0883,1473,3944,1463,8481,5405,8763,6653,1063,4044,5594,576
Other Assets
4,0234,6544,3705,1965,0016,2097,0305,9918,3367,8238,67110,24211,271
Total Assets
8,2579,79713,17014,92516,30218,22819,15422,26022,69324,02426,41529,09629,817

Cash Flows

Standalone Figures in ā‚¹ Crores / Yearly

Sep 2013Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
1,4761,6873,4071,7902,5291,3802,0794,687-6572,4173,2302,639
Cash from Investing Activity
-937-1,785-3,406-1,394-1,970-1,310-168-5,063177-1,927-2,318-2,107
Cash from Financing Activity
-31367-179-295-639-112-864-625491-457-823-523
Net Cash Flow
226-31-178101-80-411,047-1,0011033898

Ratios

Standalone Figures in ā‚¹ Crores / Yearly

Sep 2013Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
474734545354525144394244
Inventory Days
8378611168711211011411997107114
Days Payable
4750508280889016881667282
Cash Conversion Cycle
83764589607871-382707775
Working Capital Days
363013-114-439-827
ROCE %
29%27%50%23%17%16%13%14%6%7%17%14%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
27.88%27.85%27.77%27.75%27.76%27.78%27.77%27.76%27.80%27.78%27.78%27.75%
FIIs
18.22%18.05%18.77%19.58%19.41%19.75%19.08%18.68%18.20%17.54%18.67%18.27%
DIIs
11.37%11.65%11.71%11.19%11.45%10.57%10.74%11.68%12.00%12.22%11.66%12.38%
Public
42.53%42.45%41.75%41.48%41.39%41.92%42.41%41.88%42.02%42.46%41.88%41.60%

* The classifications might have changed from Sep'2022 onwards.ā„¹ļø

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

MRF Limited Discloses Details of Listed Corporate Bonds/Debentures

13th April 2026, 8:39 pm

MRF Limited Notifies on Debt Securities ISIN Details

13th April 2026, 8:37 pm

MRF Files SEBI Compliance Report for Q4 FY26 on Share Dematerialization

9th April 2026, 9:10 pm

MRF Limited announces special window for physical share dematerialisation

8th April 2026, 10:25 pm

MRF Limited Shareholders Approve Revised Director Remuneration Terms via Postal Ballot

30th March 2026, 11:17 pm

Published by Other Websites

External media mentions & references

Oil Falls $10, Sparking Market Rally; IndiGo, RIL Surge

15th April 2026, 1:08 pm

Funskool Hits $40M Revenue, Navigates Tariffs Amid Growth Outlook

13th April 2026, 7:27 pm

Motilal Oswal Auto Picks: Demand Surges, But Margin Squeeze Looms

7th April 2026, 10:01 pm

Crude Shock Rocks Indian Auto Sector: Costs Surge, Demand Fears Rise

6th April 2026, 10:14 am

Pharma Tumble, IndiGo Charges Hit Indian Markets

2nd April 2026, 1:11 pm

News Articles

Editorial & research coverage

Auto Stocks Surge: Eicher, Lumax Hit New Highs on Earnings
Auto Stocks Surge: Eicher, Lumax Hit New Highs on Earnings

11th February 2026, 12:08 pm

MRF Profit Surges 120% on Robust Demand, Declares Dividend
MRF Profit Surges 120% on Robust Demand, Declares Dividend

6th February 2026, 4:58 pm

MRF Shares Surge on Margin Beat; Premium Valuation Scrutinized
MRF Shares Surge on Margin Beat; Premium Valuation Scrutinized

6th February 2026, 3:42 pm

MRF Surges 8% on Strong Earnings; Valuation Stretches
MRF Surges 8% on Strong Earnings; Valuation Stretches

6th February 2026, 1:33 pm

Global Tech Rout, AI Race Overshadow Indian Earnings
Global Tech Rout, AI Race Overshadow Indian Earnings

6th February 2026, 7:18 am

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

8 Jan - Regulation 74(5) filing: dematerialisation/rematerialisation details for quarter 01.10.2025ā€“31.12.2025.

Re-Lodgement Of Transfer Requests Of Physical Shares

5 Jan - SEBI circular report: zero physical share transfer requests for month ended 31 Dec 2025.

Closure of Trading Window
Re-Lodgement Of Transfer Requests Of Physical Shares

5 Dec 2025 - Month-ended 30 Nov 2025 report: Nil physical share transfer requests received, processed, approved, or rejected.

Security Cover Certificate

14 Nov 2025 - 14 Nov 2025: SEBI-mandated security cover certificate for MRF's listed unsecured NCDs.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2011

(from nse)

Financial Year 2011

(from bse)

Credit Ratings

Rating update

29 Sep 2025 from care

Rating update

30 Sep 2024 from care

Rating update

4 Oct 2023 from care

Rating update

17 Oct 2022 from care

Rating update

6 Oct 2022 from care

Rating update

30 Nov 2021 from icra

Concalls

No concalls.

Stock Analysis

Description

MRF Limited is a leading Indian tire manufacturer, also diversified into sports goods and paints.

Key Growth Triggers

Currently no data available for Key Growth Triggers.

Order Book

Currently no data available for Order Book.

Key Red Flags

Currently no data available for Key Red Flags.

Key Dates To Watch

Currently no data available for Key Dates To Watch.

Corporate Announcements

13th Apr 26
Impact Rating: 7
MRF Limited disclosed information about its privately placed, listed corporate bonds/debentures, detailing the issue size of ā‚¹150.00 crore, interest payment of ā‚¹10.31 crore, and full redemption date.
13th Apr 26
Impact Rating: 4
MRF Limited has notified stock exchanges about its privately placed debentures (ISIN INE883A08016), issued for ā‚¹150 crore, maturing on Feb 24, 2026, with a 6.87% coupon.
9th Apr 26
Impact Rating: 4
MRF Limited has submitted a compliance report as per SEBI (Depositories and Participants) Regulations, 2018, detailing the securities dematerialized and rematerialized for the quarter ending March 31, 2026.
8th Apr 26
Impact Rating: 3
MRF Limited has informed stock exchanges about a special window for physical share dematerialisation and transfer, complying with SEBI's circular dated January 30, 2026. Newspaper ads were published on April 7, 2026.
30th Mar 26
Impact Rating: 6
MRF Limited successfully conducted a postal ballot where shareholders voted to approve revised remuneration packages for its Chairman, Managing Director, and other key Whole-time Directors.