Automobile and Auto Components · NIFTY 500
MRF Limited
NSEMRF
BSE500290 ISININE883A01011 SeriesEQ Listed on NSE · BSE
₹128,500.00 +1,375.00 (+1.08%) Updated 12 Nov, 6:47 pm IST
Price, daily close-20.65% in a year
Today
- Open
- ₹126,495.00
- Prev close
- ₹127,125.00
- Day high
- ₹129,125.00
- Day low
- ₹126,125.00
- Volume
- 5.9 K
- Value traded
- ₹76.42 Cr
- Upper circuit
- ₹152,550.00
- Lower circuit
- ₹101,700.00
- 52W high
- ₹159,700.00
- 52W low
- ₹115,190.00
- 1 month
- +2.31%
- 6 months
- -2.80%
52W low52W high
Ratios
Key numbers
Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.
Market cap₹54,484 Cr
P/E (TTM)23.94
P/B2.50
Book value / share₹51,353.49
EPS (TTM)₹5,367.46
ROE7.2%
Dividend yield0.19%
Dividend (12m)₹238.00 / share
Net margin (TTM)4.7%
Operating margin11.1%
Debt / equity0.15
Current ratio1.75
EV / EBITDA12.56
Sales growth (YoY qtr)+17.37%
Profit growth (YoY qtr)-26.38%
Sales CAGR 3Y+10.62%
Profit CAGR 3Y—
Shares0.42 Cr
Quarterly results
Results for each quarter
Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.
Revenue and net profit
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
Revenue · QoQ (vs last quarter)
—+3.0%+13%-4.4%+1.7%+1.1%+8.5%-3.9%+9.1%-0.1%+4.6%+2.9%
Revenue · YoY (vs a year ago)
————+14%+11%+6.7%+7.2%+15%+14%+9.6%+17%
Net profit · QoQ (vs last quarter)
—-22%+44%-18%-33%+62%-100%—+32%-100%—-22%
Net profit · YoY (vs a year ago)
————-38%+29%-100%+12%+119%-100%—-26%
RevenueNet profitLine = trend
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
EPS (₹) · YoY (vs a year ago)
————-38%+29%-12%+12%+119%+37%-1.0%-26%
EPS (₹)Line = trend
| ₹ Cr | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6,162 | 6,349 | 7,196 | 6,881 | 7,001 | 7,075 | 7,676 | 7,379 | 8,050 | 8,044 | 8,416 | 8,660 |
| Other income | 77.6 | 93.8 | 84.0 | 113 | 98.1 | 113 | 126 | 108 | 125 | 139 | 195 | 131 |
| Total income | 6,240 | 6,443 | 7,280 | 6,994 | 7,099 | 7,188 | 7,802 | 7,487 | 8,175 | 8,183 | 8,611 | 8,792 |
| Raw material | 3,791 | 3,923 | 4,371 | 4,741 | 4,656 | 4,720 | 4,623 | 4,577 | 4,688 | 4,994 | 5,854 | 6,553 |
| Purchases | 5.7 | 6.2 | 7.8 | 6.6 | 7.0 | 7.0 | 6.1 | 10.2 | 8.9 | 9.3 | 8.3 | 10.3 |
| Employee cost | 450 | 479 | 458 | 478 | 469 | 471 | 478 | 494 | 522 | 551 | 500 | 521 |
| Other expenses | 990 | 1,114 | 1,093 | 1,070 | 1,062 | 1,042 | 1,139 | 1,103 | 1,173 | 1,264 | 1,326 | 1,338 |
| Total expenses | 5,558 | 5,916 | 6,518 | 6,363 | 6,675 | 6,527 | 7,132 | 6,788 | 7,180 | 7,268 | 7,961 | 8,270 |
| Operating profit | 1,055 | 912 | 1,160 | 1,011 | 835 | 1,079 | 1,071 | 1,126 | 1,322 | 1,319 | 991 | 958 |
| OPM % | 17.1% | 14.4% | 16.1% | 14.7% | 11.9% | 15.2% | 14.0% | 15.3% | 16.4% | 16.4% | 11.8% | 11.1% |
| Finance cost | 90.0 | 93.3 | 84.7 | 83.8 | 93.7 | 97.9 | 98.4 | 90.2 | 91.2 | 86.3 | 88.3 | 97.3 |
| Depreciation | 360 | 385 | 396 | 410 | 415 | 433 | 429 | 445 | 438 | 442 | 448 | 470 |
| Exceptional items | — | — | — | — | — | — | — | — | -77.2 | 14.0 | — | — |
| Profit before tax | 682 | 527 | 763 | 631 | 424 | 661 | 670 | 699 | 917 | 930 | 650 | 522 |
| Tax | 173 | 131 | 192 | 160 | 109 | 149 | 170 | 173 | 226 | 227 | 154 | 135 |
| Net profit | 510 | 396 | 571 | 471 | 315 | 512 | 500 | 526 | 692 | 702 | 495 | 387 |
| Profit to shareholders | — | — | — | — | — | — | 0.0 | — | — | 0.0 | — | — |
| EPS (₹) | 1,201.81 | 933.97 | 1,346.38 | 1,109.85 | 743.80 | 1,207.48 | 1,180.04 | 1,239.38 | 1,631.23 | 1,655.80 | 1,167.97 | 912.46 |
Profit & loss
Results for each year
7 financial years (April to March), consolidated, ₹ crore.
Sales, operating profit and net profit
FY20
FY21
FY22
FY23
FY24
FY25
FY26
Revenue · YoY (vs a year ago)
—-0.5%+20%+19%+9.4%+12%+11%
Net profit · YoY (vs a year ago)
—-12%-46%+11%+181%-10%-100%
RevenueOperating profitNet profitLine = trend
| ₹ Cr | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 16,239 | 16,163 | 19,317 | 23,009 | 25,169 | 28,153 | 31,149 |
| Other income | 335 | 210 | 317 | 253 | 317 | 408 | 505 |
| Total expenses | 15,140 | 14,636 | 18,726 | 22,191 | 22,699 | 26,082 | 28,368 |
| Employee cost | 1,345 | 1,415 | 1,502 | 1,595 | 1,797 | 1,885 | 2,046 |
| Operating profit | 2,374 | 2,942 | 2,050 | 2,389 | 4,254 | 4,084 | 4,837 |
| OPM % | 14.6% | 18.2% | 10.6% | 10.4% | 16.9% | 14.5% | 15.5% |
| Finance cost | 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 | 11.7 | 460 | 239 | 301 | 706 | 610 | 796 |
| Tax rate % | 0.8% | 26.5% | 26.3% | 28.1% | 25.3% | 24.6% | 24.7% |
| Net profit | 1,423 | 1,277 | 669 | 769 | 2,081 | 1,869 | 2,426 |
| Profit to shareholders | 1,413 | 1,241 | — | 740 | — | — | 0.0 |
| Net margin % | 8.7% | 7.7% | 3.5% | 3.2% | 8.3% | 6.6% | 0.0% |
| EPS (₹) | 3,354.20 | 3,011.14 | 1,577.97 | 1,813.10 | 4,907.24 | 4,407.51 | 5,720.39 |
Balance sheet
Assets and debt
At each year end (and the latest half year), ₹ crore.
Equity, debt and assets
Mar 23
Mar 24
Mar 25
Mar 26
Sep 26
Shareholders' equity · YoY (vs a year ago)
—+14%+11%+13%—
Shareholders' equityBorrowingsCashLine = trend
| ₹ Cr | Mar 23 | Mar 24 | Mar 25 | Mar 26 | Sep 26 |
|---|---|---|---|---|---|
| Shareholders' equity | 14,708 | 16,703 | 18,488 | 20,975 | 21,774 |
| Long-term borrowings | 824 | 724 | 374 | 176 | 76.8 |
| Short-term borrowings | 1,606 | 1,351 | 2,530 | 2,191 | 3,296 |
| Total borrowings | 2,430 | 2,075 | 2,905 | 2,367 | 3,373 |
| Current liabilities | 7,495 | 7,710 | 8,960 | 9,006 | 11,206 |
| Fixed assets (PPE) | 10,092 | 12,020 | 13,199 | 12,945 | 12,628 |
| Inventories | 4,141 | 4,469 | 5,625 | 5,417 | 7,163 |
| Trade receivables | 2,503 | 2,912 | 3,370 | 3,542 | 3,946 |
| Cash & equivalents | 249 | 303 | 371 | 305 | 222 |
| Current assets | 9,244 | 10,550 | 13,396 | 14,817 | 19,645 |
| Total assets | 24,369 | 26,849 | 29,567 | 31,954 | 34,912 |
| Debt / equity | 0.17 | 0.12 | 0.16 | 0.11 | 0.15 |
Cash flow
Cash coming in and going out
For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.
Operating, investing and financing cash
FY22
FY23
FY24
FY25
FY26
Operations · YoY (vs a year ago)
—+577%+20%-43%+146%
OperationsInvestingFinancingLine = trend
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -578 | 2,755 | 3,301 | 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 |
| Spent on fixed assets | -1,707 | -3,291 | -2,155 | -1,308 | -1,434 |
| Free cash flow | -2,285 | -536 | 1,145 | 560 | 3,156 |
| Net cash flow | 10.7 | -7.5 | 53.1 | 67.5 | -66.2 |
Shareholding
Who holds the shares
Promoter and public holding at each quarter end, as filed with NSE.
Holding over time
Promoter & groupPublic
Latest (30 Sep 2026)
27.6%promoter
- Promoter & group
- 27.61%
- Public (FIIs, mutual funds, retail…)
- 72.39%
- Promoter change, last quarter
- -0.16 pts
Dividends & news
Latest dividends and announcements
Dividends & corporate actions
- Interim Dividend - Rs 3 Per Share
- Dividend - Rs 229 Per Share
- Interim Dividend - Rs 3 Per Share
- Interim Dividend - Rs 3 Per Share
- Dividend - Rs 229 Per Share
- Interim Dividend - Rs 3 Per Share
- Interim Dividend - Rs 3 Per Share
- Annual General Meeting/Dividend - Rs 194 Per Share
Board meetings
- the Quarterly Unaudited Financial results of the Company for the period ended September 2026 and Dividend.
- the financial results for the period ended September 30, 2026 and interim dividend, if any.
- the financial results for the period ended Jun 30, 2026
- MRF LIMITED has informed the Exchange about Board Meeting to be held on 11-Aug-2026 to inter-alia consider and approve the Unaudited Financial result…
- the Yearly Audited Financial results of the Company for the period ended March 2026 and Dividend.
Filings with NSE
- Press Release
- Record Date
- Outcome of Board Meeting
- Copy of Newspaper Publication
- Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
- Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Trading Window
Latest news
MRF Share Price Today, MRF Stock Price Live NSE/BSE UpdatesThe Economic Times · 12 Nov, 3:39 pmMRF Outlook for the WeekEquitypandit · 8 Nov, 1:30 pmMRF shares gain after Q2 results; Centrum bullish, sees margin recoveryBusiness Standard · 11 Nov, 11:57 amMRF Q2 net profit falls 28% to Rs 369 crore on higher raw material costs; revenue rises 18%Moneycontrol.com · 10 Nov, 1:39 pmDividend alert! MRF announces Rs 3/share interim dividend. Check record dateThe Economic Times · 10 Nov, 3:50 pmMRF share price: Why CLSA sees 32% upside despite near-term margin pressures - CNBC TV18LinkedIn · 11 Nov, 11:52 amMRF share price: Why CLSA sees 32% upside despite near-term margin pressuresCNBC TV18 · 11 Nov, 9:53 amMRF shares rise despite weak Q2 results as raw materials costs surge; check dividend, record date detailsUpstox · 11 Nov, 12:35 pmAbout
About MRF Limited
MRF, or MRF Tyres, is an Indian multinational tyre manufacturing company and the largest manufacturer of tyres in India. It is headquartered in Chennai. The abbreviation MRF comes from the company's initial days when it was called the Madras Rubber Factory. The company manufactures rubber products including tyres, treads, tubes and conveyor belts, paints and toys. MRF was named the world's second-strongest tyre brand by Brand Finance, with a AAA− brand grade.
From Wikipedia (CC BY-SA 4.0).
Company details
- Company name
- MRF Limited
- NSE symbol
- MRF
- BSE scrip code
- 500290
- ISIN
- INE883A01011
- Listed on
- NSE, BSE
- Series
- EQ (normal equity)
- Listed on NSE since
- 18 Sep 1996
- Face value
- ₹10 per share
- Market lot
- 1 share
- Shares issued
- 0.42 crore
- Index
- NIFTY 500
- Sector (NSE)
- Automobile and Auto Components
- Industry
- Automotive Aftermarket
- Managing director / CEO
- K. M. Mammen
- Chair
- K. M. Mammen
- Headquarters
- Chennai
- Registered address
- 114, Greams Road, Chennai, 600006
- Founded
- 1946
- Employees
- 16,283
- Financial year
- April to March
- Results basis
- Consolidated
- Website
- mrftyres.com
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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.