MRF vs Ceat: share price, P/E, ROE and financials compared
MRF and Ceat at a glance
MRF and Ceat are both listed in Automobile and Auto Components. MRF is the larger by market cap, at ₹53,139 Cr against ₹14,294 Cr for Ceat (3.7 times as large). On valuation, MRF has the lower P/E (22.0× against 27.7×) and the lower price-to-book (2.53× against 2.88×). On returns and margins, MRF has the higher ROE (12.3% against 10.8%) and the higher operating margin (15.1% against 11.3%), while Ceat has the higher ROCE (17.7% against 15.6%). Over three years, Ceat has faster 3-year sales growth (+11.6% against +10.6% a year) and faster 3-year profit growth (+55.3% against +46.7% a year). MRF carries less debt for its equity, with a debt-to-equity of 0.15× against 0.82×.
Key metrics, side by side
| Metric | MRFMRF | CeatCEATLTD |
|---|---|---|
| Price (₹) | 1,25,295.00 | 3,545.80 |
| Market cap (₹ Cr) | 53,139 | 14,294 |
| P/E | 22.0× (the lower figure, shaded) | 27.7× |
| P/B | 2.53× (the lower figure, shaded) | 2.88× |
| Dividend yield, trailing | 0.19% | 0.99% (the higher figure, shaded) |
| ROE | 12.3% (the higher figure, shaded) | 10.8% |
| ROCE | 15.6% | 17.7% (the higher figure, shaded) |
| Operating margin (OPM) | 15.1% (the higher figure, shaded) | 11.3% |
| Net margin (NPM) | 7.6% (the higher figure, shaded) | 3.0% |
| Sales CAGR 3Y | +10.6% | +11.6% (the higher figure, shaded) |
| Profit CAGR 3Y | +46.7% | +55.3% (the higher figure, shaded) |
| Debt to equity | 0.15× (the lower figure, shaded) | 0.82× |
| Interest cover | 10.0× (the higher figure, shaded) | 3.8× |
| Net profit TTM (₹ Cr) | 2,415 | 516 |
| 1Y return | −20.3% | −13.3% (the higher figure, shaded) |
| Promoter holding | 27.61% | 47.29% |
MRF vs Ceat: common questions
Which is bigger, MRF or Ceat?
By market cap, MRF is bigger at ₹53,139 Cr, against ₹14,294 Cr for Ceat (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹2,415 Cr for MRF and ₹516 Cr for Ceat.
Which has a lower P/E ratio, MRF or Ceat?
MRF trades at a P/E of 22.0× and Ceat at 27.7×. MRF 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 Ceat?
MRF reports a return on equity of 12.3% and Ceat 10.8%. MRF has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, MRF or Ceat?
Over the last three years: Sales grew +10.6% a year at MRF and +11.6% at Ceat, so Ceat grew sales faster; profit grew +46.7% a year at MRF and +55.3% at Ceat, so Ceat grew profit faster. Past growth doesn’t predict future growth.