MRF Ltd

MRF Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

MRF Ltd

₹ 1,30,335 1.61%
06 May - close price
mrftyres.com BSE: 500290 NSE: MRF
About

Madras Rubber Factory Limited (MRF) is the parent company of the MRF Group. The Co is engaged in the business of manufacturing tyres[1]

Key Points

Products & Services
1) Products: The company manufactures tyres for passenger cars, 2W, 3W, OTRs, trucks, farm tractors, LCVs, tubes & flaps, SCVs, pickup cars, MCVs and ICVs. It also manufactures sports goods, paints & coats and pretreads, etc and supplies puzzles, games, and toys for kids through its brand Funskool. [1] [2]

Website BSE NSE
  • Market Cap ₹ 55,245 Cr.
  • Current Price ₹ 1,30,335
  • High / Low ₹ 1,63,600 / 1,23,430
  • Stock P/E 24.2
  • Book Value ₹ 45,840
  • Dividend Yield 0.18 %
  • ROCE 13.6 %
  • ROE 10.6 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 2.84 times its book value
  • The company has delivered a poor sales growth of 11.6% over past five years.
  • Company has a low return on equity of 9.77% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Automobile and Auto Components Auto Components Tyres & Rubber Products

Part of BSE 500 BSE 200 BSE Dollex 200 Nifty 500 BSE Auto

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
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
5,083 4,988 5,310 5,060 5,108 5,437 6,037 5,870 6,166 5,996 6,604 6,253 6,651
Operating Profit 562 854 1,130 1,157 1,055 912 1,160 1,011 835 1,079 1,071 1,126 1,399
OPM % 10% 15% 18% 19% 17% 14% 16% 15% 12% 15% 14% 15% 17%
71 70 75 71 78 94 84 113 98 113 126 108 47
Interest 86 92 84 86 90 93 85 84 94 98 98 90 91
Depreciation 316 330 333 351 360 385 396 410 415 433 429 445 438
Profit before tax 231 501 787 791 682 527 763 631 424 661 670 699 917
Tax % 24% 32% 25% 26% 25% 25% 25% 25% 26% 22% 25% 25% 25%
175 341 589 587 510 396 571 471 315 512 500 526 692
EPS in Rs 412.23 803.19 1,388.20 1,383.27 1,201.83 933.96 1,346.40 1,109.85 743.79 1,207.49 1,180.05 1,239.40 1,631.25
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Sep 2013 Sep 2014 Mar 2016 18m Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
12,248 13,329 20,179 13,412 14,954 16,062 16,237 16,162 19,317 23,008 25,169 28,152 30,180
10,468 11,384 15,743 10,763 12,665 13,744 13,855 13,208 17,256 20,604 20,896 24,058 25,505
Operating Profit 1,780 1,945 4,437 2,649 2,288 2,317 2,382 2,954 2,061 2,404 4,272 4,095 4,675
OPM % 15% 15% 22% 20% 15% 14% 15% 18% 11% 10% 17% 15% 15%
25 63 317 327 330 416 335 205 315 245 306 406 395
Interest 196 232 361 257 259 273 301 282 263 326 361 368 378
Depreciation 374 424 737 611 707 808 982 1,141 1,205 1,253 1,430 1,654 1,745
Profit before tax 1,235 1,353 3,656 2,109 1,653 1,652 1,434 1,737 908 1,070 2,787 2,479 2,947
Tax % 35% 33% 31% 30% 32% 32% 1% 26% 26% 28% 25% 25%
809 908 2,509 1,486 1,132 1,131 1,423 1,277 669 769 2,081 1,869 2,230
EPS in Rs 1,906.58 2,141.71 5,916.93 3,504.33 2,668.20 2,665.82 3,354.22 3,011.15 1,577.96 1,813.04 4,907.26 4,407.54 5,258.19
Dividend Payout % 2% 2% 2% 2% 2% 2% 3% 5% 10% 10% 4% 5%
Compounded Sales Growth
10 Years: 8%
5 Years: 12%
3 Years: 13%
TTM: 10%
Compounded Profit Growth
10 Years: 8%
5 Years: 6%
3 Years: 50%
TTM: 30%
Stock Price CAGR
10 Years: 14%
5 Years: 11%
3 Years: 10%
1 Year: -3%
Return on Equity
10 Years: 12%
5 Years: 9%
3 Years: 10%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 4 4 4 4 4 4 4 4 4 4 4 4 4
Reserves 3,651 4,535 7,220 8,637 9,734 10,833 12,210 13,409 14,028 14,703 16,699 18,484 19,437
1,599 1,903 2,464 2,333 2,163 2,506 1,854 2,388 3,229 3,014 2,822 3,771 3,631
3,023 3,391 3,566 4,075 4,577 5,098 5,373 6,780 5,799 6,648 7,325 7,307 7,248
Total Liabilities 8,278 9,833 13,254 15,048 16,478 18,441 19,442 22,582 23,060 24,369 26,849 29,567 30,320
2,974 3,436 4,608 5,502 6,092 6,786 8,870 9,441 9,522 10,118 12,046 13,221 13,114
CWIP 359 628 1,059 848 1,079 1,403 1,741 1,002 1,233 3,046 2,385 1,169 949
Investments 904 1,081 3,138 3,382 4,145 3,855 1,519 5,874 3,656 3,085 3,383 4,548 4,597
4,041 4,688 4,448 5,316 5,162 6,397 7,312 6,265 8,648 8,120 9,036 10,629 11,660
Total Assets 8,278 9,833 13,254 15,048 16,478 18,441 19,442 22,582 23,060 24,369 26,849 29,567 30,320

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,499 1,699 3,043 1,956 2,413 1,253 2,271 4,325 -578 2,755 3,303 1,868
-959 -1,791 -3,408 -1,393 -2,014 -1,386 -162 -5,087 169 -1,922 -2,381 -2,082
-313 67 212 -438 -453 42 -1,032 -250 424 -840 -868 282
Net Cash Flow 228 -24 -152 125 -53 -91 1,077 -1,012 14 -6 55 68
Free Cash Flow 1,053 454 737 590 849 -710 -479 3,473 -2,283 -535 1,141 573
CFO/OP 101% 109% 95% 89% 126% 72% 114% 164% -18% 128% 94% 60%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 46 47 33 54 52 54 52 48 44 40 42 44
Inventory Days 83 79 62 118 88 113 110 115 120 98 108 115
Days Payable 47 50 36 69 63 64 72 129 60 58 64 57
Cash Conversion Cycle 83 76 58 103 78 102 90 34 104 80 86 101
Working Capital Days 36 30 1 4 -1 2 5 -41 10 -8 3 8
ROCE % 29% 27% 49% 23% 17% 15% 13% 14% 6% 7% 17% 14%

Insights

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Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Manufacturing Plants
Number ・Standalone data

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Active Dealer Network
Number ・Standalone data
National Locations (Offices/Depots)
Number ・Standalone data
Estimated Market Share in Domestic Tyre Industry (Total Units Sold)
%
Installed Tubes Manufacturing Capacity
Million Units ・Standalone data
Installed Tyre Manufacturing Capacity
Million Units ・Standalone data
Channel Mix - Exports
% of Revenue
Channel Mix - OEM
% of Revenue
Channel Mix - Replacement Market
% of Revenue
Average Realization Increase (Tyres and Tubes)
%
Growth in Total Units Sold (Tyres and Tubes)
%
Product Mix - 2-Wheeler and 3-Wheeler
% of Revenue
Product Mix - Passenger Car
% of Revenue
Product Mix - Truck and Bus
% of Revenue
Volume Growth - Export Segment
%
Volume Growth - OEM Segment
%
Volume Growth - Replacement Segment
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
27.77% 27.75% 27.76% 27.78% 27.77% 27.76% 27.80% 27.78% 27.78% 27.75% 27.73% 27.77%
18.77% 19.58% 19.41% 19.75% 19.08% 18.68% 18.20% 17.54% 18.67% 18.27% 18.18% 17.98%
11.71% 11.19% 11.45% 10.57% 10.74% 11.68% 12.00% 12.22% 11.66% 12.38% 12.50% 12.25%
41.75% 41.48% 41.39% 41.92% 42.41% 41.88% 42.02% 42.46% 41.88% 41.60% 41.58% 41.98%
No. of Shareholders 37,93837,50437,58447,66357,32548,57652,96461,32050,25348,07449,21858,110

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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