MRF Ltd
NSE: MRF · Tyres & Rubber Products · sector
₹1,17,380.00NSE close 2026-10-26
Key numbers
Market cap₹49,769 cr
Price₹1,17,380.00
52w high / low₹1,63,600 / ₹1,17,380
P/E20.6xSector median 20.0x
P/B2.4xSector median 2.4x
Book value₹49,468.3
Dividend yield0.20%Sector median 0.98%
ROE12.2%Sector median 9.0%
ROCE15.2%Sector median 11.2%
OPM14.9%Sector median 5.6%
Debt / equity0.11xSector median 0.37x
EV/EBITDA9.9xSector median 14.4x
Interest cover10.0x
Current ratio1.65x
Sales growth 3y+10.6%Sector median +3.7%
Profit growth 3y+48.6%Sector median +13.1%
PEG0.44x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 17 companies in Tyres & Rubber Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹5,240 cr vs borrowings ₹2,367 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 10.0x in the last 12 months.
- 0.09% of the promoters' shares are pledged (0.0% of all shares).
- Operating cash flow was below net profit in 2 of the last 5 years (FY25, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 23% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹1,17,380.00 on 2026-10-26: -28.3% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,59,335.00 · low ₹1,05,170.25
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6,881 | 7,001 | 7,075 | 7,676 | 7,379 | 8,050 | 8,044 | 8,416 |
| EBITDA | 1,011 | 835 | 1,079 | 1,071 | 1,126 | 1,322 | 1,319 | 991 |
| OPM % | 14.7% | 11.9% | 15.2% | 14.0% | 15.3% | 16.4% | 16.4% | 11.8% |
| Other income | 113 | 98 | 113 | 126 | 108 | 125 | 139 | 195 |
| Net profit | 471 | 315 | 512 | 500 | 526 | 692 | 702 | 495 |
| EPS (₹) | 1,109.85 | 743.80 | 1,207.48 | 1,180.04 | 1,239.38 | 1,631.23 | 1,655.80 | 1,167.97 |
| Revenue YoY | +7.2% | +15.0% | +13.7% | +9.6% | ||||
| Profit YoY | +11.7% | +119.3% | +37.1% | -1.0% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 19,317 | 23,008 | 25,169 | 28,153 | 31,149 | 31,889 |
| EBITDA | 2,050 | 2,389 | 4,254 | 4,084 | 4,837 | 4,757 |
| Net profit | 669 | 740 | 2,081 | 1,869 | 2,426 | 2,415 |
| EPS (₹) | 1,577.97 | 1,813.10 | 4,907.24 | 4,407.51 | 5,720.39 | 5,694.38 |
| Revenue growth | +19.1% | +9.4% | +11.9% | +10.6% | +11.4% | |
| Profit growth | +10.5% | +181.4% | -10.2% | +29.8% | +34.3% | |
| Dividend / share (₹) | 100.00 | 150.00 | 175.00 | 200.00 | 235.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +10.6% | +14.0% | +11.4% |
| Net profit | +48.6% | +14.3% | +34.3% |
| EPS | +46.7% | +13.7% | – |
| Share price | – | -2.9% (2y) | -25.2% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 14,708 | 16,703 | 18,488 | 20,975 |
| Borrowings | – | 2,430 | 2,075 | 2,905 | 2,367 |
| Cash & equivalents | – | 2,233 | 2,607 | 3,790 | 5,240 |
| Total assets | – | 24,369 | 26,849 | 29,567 | 31,954 |
| Fixed assets | – | 10,092 | 12,020 | 13,199 | 12,945 |
| Capital work in progress | – | 3,046 | 2,385 | 1,169 | 1,034 |
| Investments | – | 1,110 | 1,121 | 1,135 | 341 |
| Receivables | – | 2,503 | 2,912 | 3,370 | 3,542 |
| Inventory | – | 4,141 | 4,469 | 5,625 | 5,417 |
| Payables | – | 2,436 | 2,653 | 2,822 | 3,211 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -578 | 2,755 | 3,300 | 1,868 | 4,590 |
| Cash from investing | 165 | -1,923 | -2,379 | -2,082 | -3,536 |
| Cash from financing | 424 | -840 | -868 | 282 | -1,120 |
| Capex | 1,707 | 3,291 | 2,155 | 1,308 | 1,434 |
| Free cash flow | -2,285 | -536 | 1,145 | 560 | 3,156 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 5.0% | 12.5% | 10.1% | 11.6% |
| ROCE % | – | 8.1% | 16.7% | 13.3% | 15.4% |
| Debtor days | – | 40 | 42 | 44 | 41 |
| Inventory days | – | 98 | 108 | 115 | 101 |
| Payable days | – | 58 | 64 | 57 | 60 |
| Cash conversion cycle (days) | – | 80 | 86 | 102 | 82 |
| Working capital days | – | 28 | 41 | 58 | 68 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 27.61% |
| FIIs | 17.10% |
| DIIs | 12.70% |
| of which Mutual funds | 7.86% |
| of which Insurance | 3.38% |
| Public (non-institutions) | 42.58% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 27.80% | 27.78% | 27.78% | 27.74% | 27.73% | 27.77% | 27.77% | 27.61% |
| Promoter group | % |
|---|---|
| Comprehensive Investment and Finance Company PVT. Ltd. | 10.42% |
| Peninsular Investments Private Limited | 2.93% |
| K M Mammen [singly] & K M Mammen [jointly With Arun Mammen] | 1.26% |
| Jacob Mammen | 0.83% |
| Braga Industries LLP | 0.69% |
| Arun Mammen | 0.65% |
| Rachel Kattukaran | 0.59% |
| Meera Philip | 0.55% |
| Jcee Manufacturing and Services PVT Ltd | 0.55% |
| ROY Mammen | 0.53% |
| Jacob Mathew | 0.47% |
| Annu Kurien | 0.36% |
| Mary Kurien | 0.34% |
| Meera Mammen | 0.33% |
| Sarasu Jacob | 0.31% |
| Public holders above 1% | % |
|---|---|
| Nalanda India Equity Fund Limited | 4.06% |
| SBI Mutual Fund through its various accounts | 4.02% |
| KOTAK MAHINDRA through its various accounts | 2.14% |
| The NEW India Assurance Company Ltd | 1.54% |
| NPS Trust A/C - SBI Pension Found Through ITS Various Accounts | 1.10% |
| Iepf | 1.01% |
66,347 shareholders. Pledged: 0.09% of promoter shares.
Peers in Tyres & Rubber Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MRF | ₹49,769 cr | 20.6x | 2.4x | 12.2% | 15.2% | 14.9% | +10.6% | 0.20% |
| BALKRISIND | ₹40,775 cr | 29.0x | 3.7x | 14.4% | 13.2% | 22.0% | +3.5% | 0.76% |
| APOLLOTYRE | ₹24,569 cr | 14.3x | 1.5x | 10.8% | 11.0% | 11.9% | +5.0% | 2.20% |
| CEATLTD | ₹12,479 cr | 24.4x | 2.5x | 9.0% | 13.4% | 10.8% | +11.5% | 0.98% |
| JKTYRE | ₹8,661 cr | 13.0x | 1.4x | 11.9% | 12.0% | 10.6% | +3.7% | 0.95% |
| TVSSRICHAK | ₹3,167 cr | 34.3x | 2.7x | 7.2% | 9.0% | 7.6% | +6.9% | 0.40% |
| GOODYEAR | ₹1,515 cr | 28.1x | 2.5x | 8.9% | 13.1% | 4.2% | -5.4% | 3.64% |
| MEGAMONT | ₹446 cr | 49.8x | 13.2x | 55.7% | 17.8% | 1.1% | – | – |
| TOLINS | ₹315 cr | 9.7x | 0.9x | 9.5% | 11.2% | 13.7% | – | – |
| MODIRUBBER | ₹271 cr | – | 0.4x | 0.0% | -2.0% | -73.7% | +86.0% | 1.56% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-17 | Dividend | Dividend - Rs 229 Per Share |
| 2026-02-13 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2025-11-21 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2025-07-18 | Dividend | Dividend - Rs 229 Per Share |
| 2025-02-14 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2024-11-19 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2024-07-25 | Dividend | Annual General Meeting/Dividend - Rs 194 Per Share |
| 2024-02-21 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2023-11-17 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2023-07-20 | Dividend | Annual General Meeting/Dividend - Rs 169 Per Share |
| 2023-02-21 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2022-11-17 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2022-07-27 | Dividend | Annual General Meeting/Dividend - Rs 144 Per Share |
| 2022-02-17 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2021-11-17 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2021-08-04 | Dividend | Annual General Meeting/Dividend - Rs 94 Per Share/Special Dividend - Rs 50 Per Share |
| 2021-02-17 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2020-11-18 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2020-09-14 | Dividend | Annual General Meeting/Dividend - Rs 94 Per Share |
| 2020-02-18 | Dividend | Interim Dividend - Rs 3 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing of Automotive Tyres, Tube, Flap etc: Manufacturing of Truck, Farm, Passenger, Two-wheeler and other tyres, tubes and flaps
| Sector | Consumer Discretionary |
| Industry | Tyres & Rubber Products |
| Sub-industry | Tyres & Rubber Products |
| Symbol | MRF |
| BSE code | 500290 |
| ISIN | INE883A01011 |
| Face value | ₹10.0 |
| Incorporated | 1960-11-05 |
| Website | www.mrftyres.com |
| Plants (India / abroad) | 10 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.