MRF vs Apollo Tyres: share price, P/E, ROE and financials compared
MRF
Apollo Tyres
MRF and Apollo Tyres at a glance
MRF and Apollo Tyres are both listed in Automobile and Auto Components. MRF is the larger by market cap, at ₹53,139 Cr against ₹26,312 Cr for Apollo Tyres (2.0 times as large). On valuation, Apollo Tyres has the lower P/E (15.1× against 22.0×) and the lower price-to-book (1.50× against 2.53×). On returns and margins, MRF has the higher ROCE (15.6% against 8.0%), the higher ROE (12.3% against 10.5%) and the higher operating margin (15.1% against 14.1%). Over three years, MRF has faster 3-year sales growth (+10.6% against +5.4% a year) and faster 3-year profit growth (+46.7% against +9.5% a year). MRF carries less debt for its equity, with a debt-to-equity of 0.15× against 0.31×.
Key metrics, side by side
| Metric | MRFMRF | Apollo TyresAPOLLOTYRE |
|---|---|---|
| Price (₹) | 1,25,295.00 | 415.95 |
| Market cap (₹ Cr) | 53,139 | 26,312 |
| P/E | 22.0× | 15.1× (the lower figure, shaded) |
| P/B | 2.53× | 1.50× (the lower figure, shaded) |
| Dividend yield, trailing | 0.19% | 1.44% (the higher figure, shaded) |
| ROE | 12.3% (the higher figure, shaded) | 10.5% |
| ROCE | 15.6% (the higher figure, shaded) | 8.0% |
| Operating margin (OPM) | 15.1% (the higher figure, shaded) | 14.1% |
| Net margin (NPM) | 7.6% (the higher figure, shaded) | 5.7% |
| Sales CAGR 3Y | +10.6% (the higher figure, shaded) | +5.4% |
| Profit CAGR 3Y | +46.7% (the higher figure, shaded) | +9.5% |
| Debt to equity | 0.15× (the lower figure, shaded) | 0.31× |
| Interest cover | 10.0× (the higher figure, shaded) | 4.4× |
| Net profit TTM (₹ Cr) | 2,415 | 1,708 |
| 1Y return | −20.3% | −19.8% |
| Promoter holding | – | – |
MRF vs Apollo Tyres: common questions
Which is bigger, MRF or Apollo Tyres?
By market cap, MRF is bigger at ₹53,139 Cr, against ₹26,312 Cr for Apollo Tyres (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹2,415 Cr for MRF and ₹1,708 Cr for Apollo Tyres.
Which has a lower P/E ratio, MRF or Apollo Tyres?
MRF trades at a P/E of 22.0× and Apollo Tyres at 15.1×. Apollo Tyres has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, MRF or Apollo Tyres?
MRF reports a return on equity of 12.3% and Apollo Tyres 10.5%. MRF has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, MRF or Apollo Tyres?
Over the last three years: Sales grew +10.6% a year at MRF and +5.4% at Apollo Tyres, so MRF grew sales faster; profit grew +46.7% a year at MRF and +9.5% at Apollo Tyres, so MRF grew profit faster. Past growth doesn’t predict future growth.