M.R.F. Ltd.
₹1,16,807.45-₹1,301.30 (-1.1%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹62,600 Cr
- P/E
- 34.8x
- Revenue
- ₹27,665 Cr
Price chart
Technical chartScreen technicals →-26.1% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -6.8%
- 3M
- -13.4%
- 6M
- -10.0%
- 1Y
- -26.1%
- 5Y
- +49.0%
52-week range
Day change -₹1,301.30 (-1.1%) from ₹1,18,109 to ₹1,16,807 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in MRF, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Revenue grew 12.1% YoY
Concerns0
Rule-based from financial data. Not advice.
About the company
MRF Limited, together with its subsidiaries, engages in the manufacture and sale of rubber products in India and internationally. The company provides tires for passenger cars, two wheelers, fighter aircraft, farm, trucks, OTR, SCV, LCV, pick up, three wheeler, MCV, ICV, and tubes and valves products; rubber products, such as tubes, flaps, and tread rubber products; and manufactures specialty coatings.
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MRF Limited, together with its subsidiaries, engages in the manufacture and sale of rubber products in India and internationally. The company provides tires for passenger cars, two wheelers, fighter aircraft, farm, trucks, OTR, SCV, LCV, pick up, three wheeler, MCV, ICV, and tubes and valves products; rubber products, such as tubes, flaps, and tread rubber products; and manufactures specialty coatings. It also involved in the paints and coats, sports goods, and motorsports businesses. In addition, the company operates MRF T&S that provide computerized nitrogen inflation, tubeless repair, wheel alignment, wheel balancing and tire changing; MRF TireTok which offers robotic wheel alignment, vehicle safety test lane, diagnostic wheel balancing, semi-automatic tyre changer, A/C recovery and recharging, electronic headlight aligner, nitrogen generator membrane type, and special two-wheeler tire changer; MRF Tyredrome; MRF FASST that offers wheels removal and refitment, and tire mounting and de-mounting services; and MRF MuscleZone shops, as well as provides training for light and heavy commercial vehicle driving. The company was founded in 1946 and is based in Chennai, India.
- Sector
- Automobiles & Components
- Shares outstanding
- 42.4 L shares
- ISIN
- INE883A01011
- BSE code
- 500290
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹62,600 Cr
- P/E
- 34.8x
- P/B
- 3.3x
- Earnings yield
- 2.9%
- 52-week high
- ₹1,62,311.20
- 52-week low
- ₹1,16,807.45
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹27,665 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.1%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -10.7%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹3,230 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 33.6%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹89.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 10.0%
Solvency and efficiency
- Current ratio
- 1.59
- Debt / Equity
- 0.14
- Debt / Assets
- 0.09
- Financial leverage
- 1.61
- Cash / Market cap
- 13.9%
- Cash per share
- ₹20,459.96
- Debtor days
- 42 days
- Inventory turnover
- 3.41
- Cash conversion cycle
- 77 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹7 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹23,702 Cr |
| Sales | Operating profit | ₹3,963 Cr |
| Operating profit | Interest | ₹297 Cr |
| Operating profit | Depreciation | ₹1,647 Cr |
| Operating profit | Profit before tax | ₹2,019 Cr |
| Other income | Profit before tax | ₹401 Cr |
| Profit before tax | Tax and other | ₹597 Cr |
| Profit before tax | Net profit | ₹1,823 Cr |
Revenue and net profit
Revenue grew 12.1% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹15,921 Cr | ₹1,249 Cr |
| FY2022 | ₹18,989 Cr | ₹647 Cr |
| FY2023 | ₹22,578 Cr | ₹816 Cr |
| FY2024 | ₹24,673 Cr | ₹2,041 Cr |
| FY2025 | ₹27,665 Cr | ₹1,823 Cr |
Cash flows
FY2025: ₹2,639 Cr from operations, ₹532 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹4,687 Cr | -₹376 Cr |
| FY2022 | -₹657 Cr | -₹480 Cr |
| FY2023 | ₹2,417 Cr | ₹490 Cr |
| FY2024 | ₹3,230 Cr | ₹912 Cr |
| FY2025 | ₹2,639 Cr | ₹532 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹27,665 Cr+12.1%1Y
- Net profit
- ₹1,823 Cr-10.7%1Y
- Cash from operations
- ₹2,639 Cr
- Free cash flow
- ₹532 Cr-41.7%1Y
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹27,665 Cr | ₹3,963 Cr | — | ₹1,823 Cr | ₹2,639 Cr | ₹532 Cr | — | +12.1% | -10.7% |
Monthly returns
Month-by-month returns of MRF across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹29,096 Cr |
| Equity capital | ₹4 Cr |
| Reserves | ₹18,172 Cr |
| Borrowings | ₹2,453 Cr |
| Other liabilities | ₹8,468 Cr |
| Assets | ₹29,096 Cr |
| Fixed assets | ₹13,129 Cr |
| Capital work in progress | ₹1,166 Cr |
| Investments | ₹4,559 Cr |
| Other assets | ₹10,242 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
MRF trades at 34.8x earnings against a peer median of 34.8x.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| M.R.F. Ltd.MRFthis company | ₹62,600 Cr | 34.8x | 3.3x | — | — |
| Hero MotoCorp LimitedHEROMOTOCO | ₹1.1 L Cr | 23.9x | 5.5x | 22.1% | 19.0x |
| Bosch LtdBOSCHLTD | ₹1.1 L Cr | 49.2x | 8.0x | — | — |
| UNO Minda LimitedUNOMINDA | ₹69,261 Cr | 73.0x | 12.7x | 15.8% | 53.8x |
| Rail Vikas Nigam LimitedRVNL | ₹68,796 Cr | 69.3x | 8.0x | 18.6% | 28.3x |
| Schaeffler India LimitedSCHAEFFLER | ₹59,282 Cr | 53.0x | 10.8x | — | — |
| Indian Railway Catering & Tourism Corporation LtdIRCTC | ₹50,412 Cr | 37.7x | 11.8x | 34.4% | 31.4x |
| Balkrishna Industries Ltd.BALKRISIND | ₹46,320 Cr | 34.2x | 4.4x | 16.2% | 18.3x |
| Tube Investments of India LtdTIINDIA | ₹46,186 Cr | 34.4x | 8.3x | 18.5% | 40.6x |
| Peer median | — | 34.8x | 5.2x | 16.1% | 21.0x |
Year-to-date ROI
MRF since 1 January, against earlier years.
Historical volatility
MRF's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 18.0% |
| FY2022 | 11.0% |
| FY2023 | 10.0% |
| FY2024 | 17.0% |
| FY2025 | 14.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹27,665 Cr |
| Costs | |
| Interest | ₹297 Cr |
| Expenses | ₹23,702 Cr |
| Operating profitOperating Profit | ₹3,963 Cr |
| Other income and charges | |
| Profit before tax | ₹2,420 Cr |
| Tax | |
| Net profitNet Profit | ₹1,823 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹29,096 Cr |
| Equity capitalEquity Capital | ₹4 Cr |
| Reserves | ₹18,172 Cr |
| Borrowings | ₹2,453 Cr |
| Other liabilitiesOther Liabilities | ₹8,468 Cr |
| AssetsTotal Assets | ₹29,096 Cr |
| Fixed assetsFixed Assets | ₹13,129 Cr |
| Capital work in progressCWIP | ₹1,166 Cr |
| Investments | ₹4,559 Cr |
| Other assetsOther Assets | ₹10,242 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹2,639 Cr |
| Investing cash flowCash from Investing Activity | -₹2,107 Cr |
| Financing cash flowCash from Financing Activity | -₹523 Cr |
| Change in cashNet Cash Flow | ₹8 Cr |
Learn while you research
Academy chapters picked for M.R.F. Ltd. and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 34.8, learn when high multiples are justified.6 min read
- 04 Sectors & IndustriesHow to classify and compare companies across sectors.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read