On 6 Nov 2026, MRF was priced at ₹1,25,295.00, or 22.0× trailing earnings, against an industry P/E of 25.6×, and the shares are 22% below their 52-week high. Sales and net profit grew 11% and 47% a year over 3 years, with ROCE of 16% and ROE of 12%. Debt is 0.15× equity, and its dividend yield is 0.2%. It is a mid-cap company with a market cap of ₹53,139 Cr, ranked 6th of 140 Auto Parts companies by market cap; the shares fell 20% over the past year.
- ₹1,25,900.00
- ₹1,25,900.00
- ₹1,23,125.00
- ₹1,25,920.00
- 3.7K
Health check
- ReturnsBehind
−20.3% over a year, better than 0 of 7 peers.
- Price tagIn line
P/E 22.0 vs industry 25.6.
- GrowthSteady
Sales +10.6%, profit +46.7% a year over 3 years.
- ProfitabilityAverage
ROCE 15.6% vs peer median 16.3%.
- Balance sheetSolid
Debt 0.15× equity, interest covered 10.0×, Piotroski 9 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Mid cap
Market sensitivity
Key metrics
- Market cap
- ₹53,139 Cr
- Mid cap
- P/E
- 22.0
- Industry 25.6
- Price to book
- 2.53
- Peers 8.75
- Dividend yield
- 0.19%
- ROE
- 12.3%
- Peers 15.1%
- ROCE
- 15.6%
- Peers 16.3%
- Debt to equity
- 0.15
- Debt ₹3,207 Cr
- EPS (TTM)
- ₹5,694.41
- Face value ₹10
- OPM (TTM)
- 15.1%
- Net margin 7.6%
- Sales growth
- +9.6%
- Latest quarter vs a year ago
- Profit growth
- −1.3%
- Latest quarter vs a year ago
- Price to sales
- 1.67
- EV/EBITDA 10.8
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
About MRF
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, farms, trucks, OTR, SCV, LCV, pick up, three-wheeler, MCV, ICV, tubes, and flap products; tread rubber product; and manufactures specialty coatings. It is also involved in the paints and coats, sports goods, pretreads, and motorsports businesses; and heavy-duty…
- Headquarters
- Chennai
- Employees
- 16,283
- Sector
- Consumer Cyclical
- ISIN
- INE883A01011
- Website
- mrftyres.com
Price range
- Avg volume (3M)
- 3.6K
- 1-year return
- minus 20.3%
- From 52-week high
- minus 21.5%
Analyst consensus
Next results expected around 10 Nov 2026
Peers · Auto Parts
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSONSamvardhana Motherson International | 158.55 | minus 5.62% | 1,68,549 | 35.4 | 3.70 | 11.5% | 10.2% | 9.6% | 17.1% | 37.2% | 0.32% | plus 60.8% |
| BOSCHLTDBosch | 50,700.00 | minus 3.38% | 1,49,545 | 54.2 | 19.50 | 24.2% | 19.4% | 13.4% | 10.3% | 24.8% | 0.53% | plus 38.6% |
| UNOMINDAUNO Minda | 1,326.00 | minus 0.67% | 76,572 | 58.1 | 11.21 | 20.5% | 19.1% | 11.0% | 20.5% | 22.3% | 0.22% | plus 6.6% |
| SONACOMSSona BLW Precision Forgings | 900.00 | minus 1.67% | 56,266 | 75.0 | 8.75 | 13.2% | 11.9% | 23.2% | 18.8% | 17.4% | 0.40% | plus 89.2% |
| SCHAEFFLERSchaeffler India | 3,519.70 | minus 1.17% | 55,014 | 41.9 | 8.97 | 25.7% | 20.2% | 17.9% | 12.3% | 9.4% | 0.99% | minus 13.9% |
| MRFMRF | 1,25,295.00 | minus 0.50% | 53,139 | 22.0 | 2.53 | 15.6% | 12.3% | 15.1% | 10.6% | 46.7% | 0.19% | minus 20.3% |
| BALKRISINDBalkrishna Industries | 2,410.00 | plus 0.34% | 46,589 | 32.7 | 4.25 | 13.8% | 11.6% | 21.1% | 3.6% | 5.5% | 0.71% | plus 1.6% |
| ENDURANCEEndurance Technologies | 2,501.90 | minus 0.70% | 35,192 | 34.6 | 4.87 | 16.3% | 15.1% | 12.7% | 18.2% | 25.7% | 0.46% | minus 13.2% |
| Median of 7 peers | – | −1.17% | 56,266 | 41.9 | 8.75 | 16.3% | 15.1% | 13.4% | 17.1% | 22.3% | 0.46% | 6.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 7,676 | 7,379 | 8,050 | 8,044 | 8,416 | |
| 6,605 | 6,253 | 6,651 | 6,739 | 7,425 | |
| 1,070 | 1,126 | 1,399 | 1,305 | 991 | |
| 13.9% | 15.3% | 17.4% | 16.2% | 11.8% | |
| 129 | 108 | 125 | 139 | 195 | |
| 98.4 | 90.2 | 91.2 | 86.3 | 88.3 | |
| 429 | 445 | 438 | 442 | 448 | |
| – | – | −77.2 | 14 | – | |
| 672 | 699 | 917 | 930 | 650 | |
| 25.3% | 24.8% | 24.6% | 24.5% | 23.8% | |
| 502 | 526 | 692 | 702 | 495 | |
| 1183.22 | 1239.38 | 1631.23 | 1655.80 | 1167.97 |
Profit & loss
- Sales CAGR 3Y
- +10.6%
- Profit CAGR 3Y
- +46.7%
- EPS CAGR 3Y
- +46.7%
- ROE
- 12.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 22,851 | 25,011 | 27,975 | 30,932 | |
| – | +9.5% | +11.9% | +10.6% | |
| 20,395 | 20,682 | 23,805 | 25,956 | |
| 2,456 | 4,329 | 4,170 | 4,975 | |
| 10.7% | 17.3% | 14.9% | 16.1% | |
| 86.9 | 96.5 | 100 | 174 | |
| 319 | 352 | 359 | 359 | |
| 1,253 | 1,430 | 1,654 | 1,754 | |
| 98.7 | 144 | 226 | 186 | |
| 1,070 | 2,787 | 2,483 | 3,222 | |
| 28.1% | 25.3% | 24.6% | 24.7% | |
| 769 | 2,081 | 1,873 | 2,426 | |
| – | +170.7% | minus 10.0% | +29.5% | |
| 1813.04 | 4907.24 | 4416.92 | 5720.37 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4.2 | 4.2 | 4.2 | 4.2 | |
| 14,703 | 16,699 | 18,606 | 20,970 | |
| 3,014 | 2,822 | 3,771 | 3,207 | |
| 6,648 | 7,325 | 7,308 | 7,772 | |
| 24,369 | 26,849 | 29,689 | 31,954 | |
| 13,594 | 14,615 | 14,467 | 14,214 | |
| 3,502 | 2,595 | 1,266 | 1,269 | |
| 1,113 | 1,124 | 1,147 | 2,354 | |
| 2,286 | 2,747 | 4,038 | 5,228 | |
| 3,874 | 5,770 | 8,770 | 8,888 | |
| 24,369 | 26,849 | 29,689 | 31,954 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,755 | 3,303 | 1,865 | 4,590 | |
| −1,923 | −2,382 | −2,077 | −3,536 | |
| −840 | −868 | 282 | −1,120 | |
| −7.5 | 53.1 | 69.5 | −66.2 | |
| −3,291 | −2,164 | −1,309 | −1,434 | |
| −536 | 1,140 | 555 | 3,156 | |
| −63.6 | −74.2 | −84.8 | −99.7 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 18.6% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.