MRF Ltd.

NSE: MRF · Automobile and Auto Components

₹1,25,295.00-0.50%06 Nov 2026

Ask the data

Instant answers about MRF Ltd. — computed from its filings, no language model

Market cap₹53,125 cr

Current price₹1,25,295.00

High / Low₹1,58,765 / ₹1,16,775

P/E31.0

P/B2.53

Book value₹49,468.3

ROE8.2%

ROCE15.2%

Debt / equity0.11

Dividend yield0.19%

EPS (TTM)₹4,039.67

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	16,239	16,163	19,317	23,008	25,169	28,153	31,149
EBITDA	2,374	2,942	2,050	2,389	4,254	4,084	4,901
Operating margin	14.6%	18.2%	10.6%	10.4%	16.9%	14.5%	15.7%
Interest	293	275	254	319	353	360	366
Depreciation	982	1,141	1,205	1,253	1,430	1,654	1,754
Profit before tax	1,434	1,737	908	1,070	2,787	2,479	3,222
Tax	12	460	239	301	706	610	796
Net profit	1,413	1,241	669	740	2,081	1,869	0
EPS ₹	3354.20	3011.14	1577.97	1813.10	4907.24	4407.51	5720.39
Operating cash flow	—	—	-578	2,755	3,300	1,868	4,590
Capex	—	—	1,707	3,291	2,155	1,308	1,434
Dividend paid	—	—	64	64	74	85	100
Total assets	—	—	—	24,369	26,849	29,567	31,954
Equity	—	—	—	14,708	16,703	18,488	20,975

Quarterly performance

last 29 quarters · ₹ crore

showing latest 8 of 29 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	4,471	4,008	4,076	3,685	2,461	4,244	4,642	4,816	4,184	4,908	4,920	5,305	5,696	5,826	5,645	5,842	6,440	6,217	6,162	6,349	7,196	6,881	7,001	7,075	7,676	7,379	8,050	8,044	8,416
Operating profit	612	556	622	583	332	867	977	766	496	521	493	540	493	481	562	854	1,130	1,157	1,055	912	1,160	1,011	835	1,079	1,071	1,126	1,399	1,305	991
Operating margin	13.7%	13.9%	15.3%	15.8%	13.5%	20.4%	21.0%	15.9%	11.8%	10.6%	10.0%	10.2%	8.7%	8.2%	9.9%	14.6%	17.5%	18.6%	17.1%	14.4%	16.1%	14.7%	11.9%	15.2%	14.0%	15.3%	17.4%	16.2%	11.8%
Other income	106	95	74	60	44	45	64	58	93	89	70	66	34	77	71	70	75	71	78	94	84	113	98	113	126	108	125	139	195
Interest	72	72	77	72	76	55	66	77	64	58	64	67	66	75	86	92	84	86	90	93	85	84	94	98	98	90	91	86	88
Depreciation	228	238	249	267	274	285	284	298	302	297	296	311	298	309	316	330	333	351	360	385	396	410	415	433	429	445	438	442	448
Profit before tax	418	342	370	304	26	571	690	449	222	255	202	228	164	174	231	501	787	791	682	527	763	631	424	661	670	699	917	930	650
Tax	145	113	129	-375	13	161	170	117	57	66	53	63	40	44	56	161	198	204	173	131	192	160	109	149	170	173	226	227	154
Net profit	268	211	245	690	13	0	521	321	166	189	153	165	124	145	161	314	589	585	510	396	571	471	315	512	0	526	692	0	495
EPS ₹	644.33	539.85	569.00	1601.03	31.73	968.89	1227.36	783.16	390.41	445.77	352.24	389.55	291.44	306.19	412.21	803.26	1388.19	1383.26	1201.81	933.97	1346.38	1109.85	743.80	1207.48	1180.04	1239.38	1631.23	1655.80	1167.97
Revenue YoY	—	—	—	—	-45.0%	5.9%	13.9%	30.7%	70.0%	15.6%	6.0%	10.1%	36.1%	18.7%	14.7%	10.1%	13.1%	6.7%	9.2%	8.7%	11.7%	10.7%	13.6%	11.4%	6.7%	7.2%	15.0%	13.7%	9.6%
Profit YoY	—	—	—	—	-95.0%	-100.0%	112.5%	-53.5%	1130.2%	—	-70.5%	-48.5%	-25.4%	-23.1%	5.1%	89.8%	376.3%	302.7%	216.3%	26.3%	-3.0%	-19.6%	-38.1%	29.3%	-100.0%	11.7%	119.3%	-100.0%	—

Earlier results (standalone, Dec '07 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

MRF Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	Sep '12†	Sep '13†	Sep '14†	Sep '15†	Sep '16†	Sep '17†	Sep '18†
Revenue	11,870	12,131	13,198	13,533	13,807	14,809	15,448
Operating profit	1,257	1,766	1,928	2,846	2,951	1,970	2,566
Operating margin	10.6%	14.6%	14.6%	21.0%	21.4%	13.3%	16.6%
Other income	32	29	66	155	225	298	253
Interest	155	196	232	229	234	246	250
Depreciation	301	373	423	467	560	657	751
Profit before tax	833	1,227	1,339	2,305	2,382	1,365	1,817
Tax	261	425	441	742	742	383	608
Net profit	572	802	898	1,564	1,640	981	1,210

Quarters

showing latest 8 of 42 periods

	DEC '07†	MAR '08†	JUN '08†	DEC '08†	MAR '09†	JUN '09†	DEC '09†	MAR '10†	JUN '10†	DEC '10†	MAR '11†	JUN '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	1,156	1,215	1,274	1,352	1,406	1,438	1,656	1,774	1,925	2,167	2,384	2,573	2,875	2,993	3,008	2,994	3,026	2,906	3,051	3,147	3,201	3,299	3,337	3,361	3,353	3,312	3,539	3,330	3,261	3,450	3,482	3,615	3,533	3,713	3,972	3,591	3,799	3,865	3,856	3,928	4,034	4,073
Operating profit	123	149	105	17	174	251	249	209	164	242	219	154	258	326	323	350	403	444	483	436	419	412	489	608	626	630	811	778	738	716	840	657	566	523	275	606	703	686	595	581	552	571
Operating margin	10.6%	12.3%	8.2%	1.3%	12.4%	17.5%	15.0%	11.8%	8.5%	11.2%	9.2%	6.0%	9.0%	10.9%	10.7%	11.7%	13.3%	15.3%	15.8%	13.8%	13.1%	12.5%	14.7%	18.1%	18.7%	19.0%	22.9%	23.4%	22.6%	20.8%	24.1%	18.2%	16.0%	14.1%	6.9%	16.9%	18.5%	17.7%	15.4%	14.8%	13.7%	14.0%
Other income	5	5	5	4	4	9	6	4	11	5	16	11	4	5	4	19	3	5	9	12	10	11	20	25	26	21	32	77	23	7	74	122	74	65	89	69	45	79	52	77	126	109
Interest	14	16	16	23	20	12	12	15	20	21	22	24	32	39	39	45	50	50	48	49	59	63	54	56	60	64	52	53	54	57	60	63	61	62	63	60	58	65	63	64	63	57
Depreciation	35	39	45	54	55	61	64	55	67	76	87	96	65	72	78	87	89	94	93	97	99	106	106	111	116	109	117	125	127	140	142	151	154	162	167	174	178	187	187	200	205	215
Profit before tax	79	100	49	-55	103	188	179	143	88	150	126	44	165	221	210	238	267	306	351	303	271	254	349	465	476	478	674	678	579	526	711	566	425	364	135	441	513	514	397	394	409	409
Tax	28	34	17	-17	34	62	60	47	26	48	36	12	52	70	65	73	87	96	123	119	91	83	119	148	152	145	227	217	191	150	221	180	137	78	28	141	172	169	136	131	130	115
Net profit	52	66	32	-38	69	126	119	96	62	102	90	32	113	150	145	165	180	211	227	184	180	171	230	317	324	333	447	461	388	376	491	385	288	287	107	300	341	345	261	263	279	294
EPS ₹	122.03	154.72	75.12	-90.32	161.97	296.38	281.55	225.94	145.21	240.92	211.85	75.33	266.18	353.98	340.86	388.48	424.94	496.58	535.89	434.08	424.17	402.87	542.82	747.24	762.78	784.28	1053.53	1086.32	915.20	888.33	1157.54	908.46	679.26	676.17	251.19	707.17	802.87	814.20	614.79	620.20	658.46	692.82
Revenue YoY	—	—	—	17.0%	15.7%	12.9%	22.5%	26.2%	33.9%	30.8%	34.4%	33.6%	32.7%	25.5%	16.9%	—	5.2%	-2.9%	1.4%	5.1%	5.8%	13.5%	9.4%	6.8%	4.8%	0.4%	6.1%	-0.9%	-2.7%	4.2%	-1.6%	8.6%	8.3%	7.6%	14.1%	-0.7%	7.5%	4.1%	-2.9%	9.4%	6.2%	5.4%
Profit YoY	—	—	—	-174.0%	4.7%	294.5%	—	39.5%	-51.0%	-14.4%	-6.2%	-48.1%	10.5%	67.1%	352.5%	—	59.6%	40.3%	57.2%	11.7%	-0.2%	-18.9%	1.3%	72.1%	79.8%	94.7%	94.1%	45.4%	20.0%	13.0%	9.9%	-16.4%	-25.8%	-23.7%	-78.3%	-22.2%	18.2%	20.4%	144.8%	-12.3%	-18.0%	-14.9%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 26 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
ROE	20.6%	16.9%	13.8%	17.8%	12.5%	14.7%	17.4%	12.1%	9.8%	9.2%	4.1%	4.2%	5.1%	8.2%	10.4%	12.6%	12.5%	12.3%	11.0%	9.9%	10.1%	7.0%	7.0%	8.9%	5.8%	8.2%
ROCE	18.7%	14.5%	16.8%	20.2%	21.8%	23.8%	20.4%	15.1%	12.6%	12.0%	6.2%	6.5%	8.1%	11.8%	14.6%	17.1%	16.7%	16.6%	14.8%	13.5%	13.3%	12.9%	12.7%	15.0%	15.3%	15.2%
Net margin	8.7%	8.1%	6.6%	8.1%	5.3%	5.6%	6.4%	4.4%	3.5%	3.0%	2.7%	2.6%	3.2%	5.1%	6.8%	8.1%	8.3%	8.0%	7.3%	6.4%	6.6%	4.5%	4.6%	5.7%	3.9%	5.4%
EBITDA margin	14.6%	14.7%	16.6%	18.4%	18.2%	17.4%	14.9%	12.1%	10.6%	9.8%	9.2%	9.2%	10.4%	12.7%	15.3%	17.0%	16.9%	16.5%	15.6%	14.3%	14.5%	14.0%	14.1%	15.5%	15.7%	15.1%
Debt / equity	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.19	0.19	0.17	0.17	0.15	0.15	0.12	0.12	0.13	0.13	0.16	0.16	0.14	0.14	0.11	0.11
Interest coverage	5.90	4.51	5.53	6.89	7.32	8.37	7.10	5.29	4.58	4.32	3.82	3.71	4.35	6.02	7.64	8.84	8.90	8.82	8.40	7.60	7.89	7.39	7.45	8.80	9.78	9.97
Asset turnover	1.26	1.10	1.12	1.17	1.25	1.39	1.44	1.46	1.50	1.62	0.91	0.94	0.94	0.97	0.94	0.96	0.94	0.97	0.94	0.96	0.95	0.97	0.96	1.00	0.97	1.00

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 10 periods

	MAR '15‡	MAR '16‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26
Share capital	4	4	4	4	4	4	4	4	4	4
Other equity / reserves	4,535	6,852	14,231	14,703	15,827	16,699	17,664	18,484	19,437	20,970
Total equity	4,540	6,856	14,236	14,708	15,831	16,703	17,668	18,488	19,441	20,975
Borrowings	1,815	2,371	2,643	2,430	2,429	2,075	2,310	2,905	2,796	2,367
Current liabilities	2,623	2,895	7,486	7,495	7,703	7,710	8,513	8,960	8,970	9,006
Non-current liabilities	2,671	3,140	2,142	2,166	2,275	2,436	2,241	2,119	1,909	1,972
Total assets	9,834	12,891	23,863	24,369	25,809	26,849	28,423	29,567	30,320	31,954
Property, plant & equipment	3,429	4,599	9,603	10,092	10,954	12,020	12,651	13,199	13,093	12,945
Capital work-in-progress	628	1,059	1,948	3,046	3,173	2,385	1,809	1,169	949	1,034
Investments	1,081	2,778	3,336	3,085	3,208	3,383	3,967	4,548	4,597	3,398
Inventories	1,826	1,900	4,320	4,141	4,052	4,469	5,245	5,625	5,377	5,417
Receivables	1,715	1,839	2,659	2,503	2,838	2,912	3,209	3,370	3,552	3,542
Cash & equivalents	728	126	197	249	280	303	266	371	196	305

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 6 periods

	FY16‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	3,042	-578	2,755	3,300	1,868	4,590
Cash from investing	-3,413	165	-1,923	-2,379	-2,082	-3,536
Cash from financing	215	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
Dividends paid	—	64	64	74	85	100

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹12,945 cr41%

CWIP

₹1,034 cr3%

Investments

₹3,398 cr11%

Inventories

₹5,417 cr17%

Receivables

₹3,542 cr11%

Cash & equivalents

₹305 cr1%

Other assets

₹5,314 cr17%

Peer comparison

largest in Automobile and Auto Components · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Maruti Suzuki India Ltd.	4,00,860	12,750.00	29.8	3.68	12.3%
Mahindra & Mahindra Ltd.	3,67,588	3,287.20	19.0	3.75	19.8%
Bajaj Auto Ltd.	2,99,543	10,900.00	22.9	8.18	35.7%
TVS Motor Company Ltd.	2,13,401	4,491.70	55.8	18.81	33.7%
Eicher Motors Ltd.	2,10,528	7,669.50	36.5	8.39	23.0%
Hyundai Motor India Ltd.	1,73,071	2,130.00	51.8	8.49	16.4%
Samvardhana Motherson International Ltd.	1,67,340	158.55	35.4	3.69	10.4%
Bosch Ltd.	1,49,565	50,700.00	56.5	19.51	34.6%
Hero MotoCorp Ltd.	1,10,343	5,513.00	18.4	4.71	25.6%
Tata Motors Passenger Vehicles Ltd.	1,07,602	292.00	1.4	0.96	70.7%
MRF Ltd.	53,125	1,25,295.00	31.0	2.53	8.2%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+1.8%

6 months-3.6%

1 year-21.6%

3Y CAGR+5.3%

5Y CAGR+9.4%

10Y CAGR+9.4%

50-day avg₹1,24,348.70

200-day avg₹1,31,229.33

RSI (14)57

Long-term financials (FY10–FY16)

from published annual reports

Year	Revenue	Profit before tax	Net profit
FY16	₹22,495 Cr	₹3,410 Cr	₹2,328 Cr
FY13	₹12,131 Cr	₹1,227 Cr	₹802 Cr
FY11	₹10,637 Cr	—	₹619 Cr
FY10	₹8,080 Cr	—	₹354 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

Compare MRF Ltd. with

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FAQs

What is the share price of MRF Ltd.?

MRF Ltd. (MRF) closed at ₹1,25,295.00 on NSE on 06 Nov 2026.

What is the market cap of MRF Ltd.?

₹53,125 crore at the latest close.

What is the P/E ratio of MRF Ltd.?

31.0, on trailing-twelve-month earnings from its filings.

How fast is MRF Ltd. growing?

MRF Ltd.: revenue has compounded at 10.6% a year over three years. Latest-quarter revenue is up 9.6% year on year.

How profitable is MRF Ltd.?

On a trailing-twelve-month basis return on equity is 8.2%, return on capital employed 15.2%, operating margin 15.1%, net margin 5.4%.

How much debt does MRF Ltd. have?

MRF Ltd. is lightly geared: debt to equity is 0.11 with borrowings of ₹2,367 cr against cash of ₹305 cr (balance sheet of 2026-03-31). Operating profit covers interest 10.0 times.

Financials parsed from MRF Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Mar '15. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.