MRF Ltd.

•

mrftyres.comBSE: 500290NSE: MRF

Market Cap₹ 54,376 Cr.

Current Price

High / Low₹ 1,63,600 / 1,22,000

Stock P/E23.2

Book Value₹ 49,341

Price to Book2.66

Dividend Yield0.18 %

ROCE16.7 %

ROE12.2 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Automobile Tyres: 93.0% • Automobile Tubes: 5.6% • Others: 1.5%

AI Sector View

AI GENERATED

Automobile and Auto Components

Buy

Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.

Confidence

74%

View full sector analysis →

PROS

Company is almost debt free
Operating margins have improved to 15.2% from 11.3%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.69x)
Company has a consistent dividend-paying track record
Company comfortably covers its interest (11.3x coverage)
Company generates healthy free cash flow

CONS

Though reporting repeated profits, the company pays out little dividend (4.2%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Automobile and Auto ComponentsAutomobile & AncillariesTyres & Allied

Part ofNIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 100 NIFTY MIDCAP 150 NIFTY TOTAL MKT

S.No.	Name
1.	MRF	128210.50	22.52	54375.91	0.18	495.35	-1.02	8415.50	9.64	16.04	11.77
2.	BALKRISIND	2194.50	30.18	42423.46	0.73	450.77	56.35	3455.27	25.19	12.38	21.54
3.	APOLLOTYRE	419.40	15.59	26636.13	1.43	348.87	2609.05	7397.79	12.76	9.22	11.73
4.	CEATLTD	3294.20	22.60	13325.07	1.06	4.00	-96.44	4318.00	22.34	18.60	8.57
5.	JKTYRE	357.60	15.83	10309.23	1.12	44.09	-73.01	3946.24	2.00	14.30	6.58
6.	TVSSRICHAK	5221.35	43.28	3998.01	0.72	34.02	165.16	1067.61	30.29	4.80	7.57
7.	GOODYEAR	724.95	31.02	1672.21	3.66	6.51	-53.86	774.35	18.00	14.67	1.30
8.	TOLINS	91.05	11.04	359.73	0.00	6.19	-33.46	79.27	-11.67	21.30	11.24

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	6,323	6,088	6,048	6,215	7,078	6,760	6,883	6,944	7,560	7,250	7,934	7,908	8,292
	5,209	4,959	5,008	5,330	5,940	5,787	6,081	5,901	6,526	6,160	6,569	6,645	7,858
Operating Profit	1,114	1,129	1,039	886	1,138	973	802	1,043	1,034	1,090	1,364	1,263	433
OPM %	17.62%	18.54%	17.19%	14.25%	16.08%	14.40%	11.65%	15.02%	13.68%	15.03%	17.20%	15.97%	5.22%
	74	70	77	92	83	112	97	111	125	107	46	148	191
Interest	78	75	78	86	75	67	71	78	82	71	74	71	70
Depreciation	332	350	359	384	394	408	414	431	427	443	436	441	446
Profit before Tax	778	773	679	508	751	611	413	645	651	682	901	900	625
Tax %	25.30%	26.06%	25.21%	25.27%	25.08%	25.45%	25.74%	22.82%	25.59%	25.03%	24.58%	24.38%	24.04%
Net Profit	581	572	508	380	563	455	307	498	484	512	679	680	474
	1370.98	1348.53	1197.83	894.93	1326.41	1073.84	723.20	1173.86	1141.74	1206.26	1601.33	1604.37	1118.51

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	13,252	14,776	15,837	15,991	15,921	18,990	22,578	24,674	27,665	30,652	31,383
	10,655	12,548	13,587	13,661	13,021	16,969	20,235	20,500	23,704	25,895	27,233
Operating Profit	2,597	2,228	2,250	2,330	2,901	2,020	2,343	4,174	3,961	4,758	4,150
OPM %	19.59%	15.08%	14.21%	14.57%	18.22%	10.64%	10.38%	16.92%	14.32%	15.52%	13.22%
	329	328	417	330	207	315	329	312	403	426	492
Interest	250	250	253	281	271	255	304	323	297	303	285
Depreciation	609	705	806	981	1,137	1,201	1,249	1,425	1,647	1,747	1,766
Profit before Tax	2,066	1,602	1,609	1,399	1,700	879	1,119	2,739	2,420	3,133	3,107
Tax %	29.78%	31.81%	31.82%	0.31%	26.54%	26.37%	27.07%	25.48%	24.68%	24.83%	24.51%
Net Profit	1,451	1,092	1,097	1,395	1,249	647	816	2,041	1,823	2,355	2,346
EPS	3421.43	2575.43	2586.26	3289.16	2945.09	1526.34	1924.56	4813.56	4298.47	5555.19	—
Dividend Payout %	1.75%	2.33%	2.32%	3.04%	5.09%	9.82%	9.09%	4.15%	5.47%	4.23%	—

COMPOUNDED SALES GROWTH

10 Years:: 4%
5 Years:: 14%
3 Years:: 11%

COMPOUNDED PROFIT GROWTH

10 Years:: 0%
5 Years:: 14%
3 Years:: 42%

STOCK PRICE CAGR

10 Years:: 13%
5 Years:: 10%
3 Years:: 6%
1 Year:: -12%

RETURN ON EQUITY

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

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4	4	4	4	4	4	4	4	4	4
	8,540	9,600	10,649	12,000	13,175	13,773	14,505	16,436	18,172	20,448
	1,839	1,606	1,540	1,599	1,349	2,344	2,565	2,517	2,230	1,582
Trade Payables	1,677	1,999	2,328	2,340	4,110	2,774	2,757	2,944	4,007	4,622
	2,864	3,092	3,707	3,210	3,622	3,798	4,192	4,512	4,684	4,640
Total Liabilities	14,925	16,302	18,228	19,154	22,260	22,693	24,024	26,415	29,096	31,296
	5,488	6,075	6,768	8,849	9,391	9,466	10,050	11,977	13,129	12,871
Capital Work in Progress	847	1,079	1,403	1,735	1,001	1,226	3,045	2,363	1,166	1,033
	3,394	4,146	3,848	1,540	5,876	3,665	3,106	3,404	4,559	3,347
	2,393	2,172	2,951	2,853	2,880	4,062	4,043	4,361	5,539	5,338
	0	0	0	0	0	0	0	2,842	3,302	3,477
Cash & Bank	274	139	60	1,107	105	115	156	240	249	2,025
	2,529	2,691	3,198	3,071	3,006	4,160	3,624	1,229	1,151	3,206
Total Assets	14,925	16,302	18,228	19,154	22,260	22,693	24,024	26,415	29,096	31,296

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,190	2,994	1,785	2,512	5,197	-450	2,747	3,230	2,639	4,639
Cash from Investing	-1,394	-1,970	-1,310	-168	-5,063	176	-1,928	-2,319	-2,107	-3,369
Cash from Financing	-295	-639	-112	-864	-625	491	-457	-823	-523	-1,250
	101	-80	-41	1,045	-1,001	9	32	88	8	20

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	27.78	27.77	27.80	27.78	27.78	27.74	27.73	27.77	27.77
	19.08	18.68	18.20	17.54	18.67	18.27	18.18	17.98	17.43
	10.74	11.68	12.00	12.22	11.66	12.38	12.50	12.25	12.11
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	42.41	41.88	42.01	42.46	41.88	41.61	41.59	41.99	42.71

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-17

Copy of Newspaper Publication

2026-08-17 - MRF Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-11

Press Release

2026-08-11 - MRF Limited has informed the Exchange regarding a press release dated August 11, 2026, titled "Press release on Unaudited Financial Results for the quarter ended 30th June, 2026".

2026-08-11

Appointment

2026-08-11 - MRF Limited has informed the Exchange regarding Appointment of Mr. Santhosh Mathew, Senior General Manager - HRS, Head of the Human Resources & Services function as Senior Management Personnel of the Company.

2026-08-11

Appointment

2026-08-11 - MRF Limited has informed the Exchange regarding Appointment of Mr. Prasanth Puliakottu, Senior General Manager - ITS, Head of the Information Technology Services function as as Senior Management Personnel of the Company.

2026-08-11

Outcome of Board Meeting

2026-08-11 - MRF Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-07

Shareholders meeting

2026-08-07 - MRF Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 06, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-06

Shareholders meeting

2026-08-06 - MRF Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 06, 2026

2026-07-15

Updates

2026-07-15 - MRF Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of the SEBI (ListingObligations and Disclosure Requirements) Regulations, 2015'.

2026-07-15

Copy of Newspaper Publication

2026-07-15 - MRF Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for MRF

Loading news…

🤖

AI Stock Analyst

MRF Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

MRF

128210.50

22.52

54375.91

0.18

495.35

-1.02

8415.50

9.64

16.04

11.77

BALKRISIND

2194.50

30.18

42423.46

0.73

450.77

56.35

3455.27

25.19

12.38

21.54

APOLLOTYRE

419.40

15.59

26636.13

1.43

348.87

2609.05

7397.79

12.76

9.22

11.73

CEATLTD

3294.20

22.60

13325.07

1.06

4.00

-96.44

4318.00

22.34

18.60

8.57

JKTYRE

357.60

15.83

10309.23

1.12

44.09

-73.01

3946.24

2.00

14.30

6.58

TVSSRICHAK

5221.35

43.28

3998.01

0.72

34.02

165.16

1067.61

30.29

4.80

7.57

GOODYEAR

724.95

31.02

1672.21

3.66

6.51

-53.86

774.35

18.00

14.67

1.30

TOLINS

91.05

11.04

359.73

0.00

6.19

-33.46

79.27

-11.67

21.30

11.24

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

6,323

6,088

6,048

6,215

7,078

6,760

6,883

6,944

7,560

7,250

7,934

7,908

8,292

5,209

4,959

5,008

5,330

5,940

5,787

6,081

5,901

6,526

6,160

6,569

6,645

7,858

Operating Profit

1,114

1,129

1,039

886

1,138

973

802

1,043

1,034

1,090

1,364

1,263

433

OPM %

17.62%

18.54%

17.19%

14.25%

16.08%

14.40%

11.65%

15.02%

13.68%

15.03%

17.20%

15.97%

5.22%

112

111

125

107

148

191

Interest

Depreciation

332

350

359

384

394

408

414

431

427

443

436

441

446

Profit before Tax

778

773

679

508

751

611

413

645

651

682

901

900

625

Tax %

25.30%

26.06%

25.21%

25.27%

25.08%

25.45%

25.74%

22.82%

25.59%

25.03%

24.58%

24.38%

24.04%

Net Profit

581

572

508

380

563

455

307

498

484

512

679

680

474

1370.98

1348.53

1197.83

894.93

1326.41

1073.84

723.20

1173.86

1141.74

1206.26

1601.33

1604.37

1118.51

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

13,252

14,776

15,837

15,991

15,921

18,990

22,578

24,674

27,665

30,652

31,383

10,655

12,548

13,587

13,661

13,021

16,969

20,235

20,500

23,704

25,895

27,233

Operating Profit

2,597

2,228

2,250

2,330

2,901

2,020

2,343

4,174

3,961

4,758

4,150

OPM %

19.59%

15.08%

14.21%

14.57%

18.22%

10.64%

10.38%

16.92%

14.32%

15.52%

13.22%

329

328

417

330

207

315

329

312

403

426

492

Interest

250

253

281

271

255

304

323

297

303

285

Depreciation

609

705

806

981

1,137

1,201

1,249

1,425

1,647

1,747

1,766

Profit before Tax

2,066

1,602

1,609

1,399

1,700

879

1,119

2,739

2,420

3,133

3,107

Tax %

29.78%

31.81%

31.82%

0.31%

26.54%

26.37%

27.07%

25.48%

24.68%

24.83%

24.51%

Net Profit

1,451

1,092

1,097

1,395

1,249

647

816

2,041

1,823

2,355

2,346

EPS

3421.43

2575.43

2586.26

3289.16

2945.09

1526.34

1924.56

4813.56

4298.47

5555.19

—

Dividend Payout %

1.75%

2.33%

2.32%

3.04%

5.09%

9.82%

9.09%

4.15%

5.47%

4.23%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

8,540

9,600

10,649

12,000

13,175

13,773

14,505

16,436

18,172

20,448

1,839

1,606

1,540

1,599

1,349

2,344

2,565

2,517

2,230

1,582

Trade Payables

1,677

1,999

2,328

2,340

4,110

2,774

2,757

2,944

4,007

4,622

2,864

3,092

3,707

3,210

3,622

3,798

4,192

4,512

4,684

4,640

Total Liabilities

14,925

16,302

18,228

19,154

22,260

22,693

24,024

26,415

29,096

31,296

5,488

6,075

6,768

8,849

9,391

9,466

10,050

11,977

13,129

12,871

Capital Work in Progress

847

1,079

1,403

1,735

1,001

1,226

3,045

2,363

1,166

1,033

3,394

4,146

3,848

1,540

5,876

3,665

3,106

3,404

4,559

3,347

2,393

2,172

2,951

2,853

2,880

4,062

4,043

4,361

5,539

5,338

2,842

3,302

3,477

Cash & Bank

274

139

1,107

105

115

156

240

249

2,025

2,529

2,691

3,198

3,071

3,006

4,160

3,624

1,229

1,151

3,206

Total Assets

14,925

16,302

18,228

19,154

22,260

22,693

24,024

26,415

29,096

31,296

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

2,190

2,994

1,785

2,512

5,197

-450

2,747

3,230

2,639

4,639

Cash from Investing

-1,394

-1,970

-1,310

-168

-5,063

176

-1,928

-2,319

-2,107

-3,369

Cash from Financing

-295

-639

-112

-864

-625

491

-457

-823

-523

-1,250

101

-80

-41

1,045

-1,001

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

27.78

27.77

27.80

27.78

27.74

27.73

27.77

19.08

18.68

18.20

17.54

18.67

18.27

18.18

17.98

17.43

10.74

11.68

12.00

12.22

11.66

12.38

12.50

12.25

12.11

Government

0.00

42.41

41.88

42.01

42.46

41.88

41.61

41.59

41.99

42.71

MRF Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

MRF Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI