Market Data
Market Cap₹52,370.02 Cr.
52W High₹1,63,500
Current Price₹1,23,480.9
52W Low₹1,22,000
Down from 52W High24.5 %
Face Value₹10
Performance
ROCE15.23 %
ROE11.53 %
EPS (TTM)₹1,167.97
EPS Prev Qtr₹1,655.8
EPS Last Year₹1,239.38
EBITDA Qtr₹542.96 Cr.
Book Value₹49,392
Financial Health
Debt/Equity0.11
Debt/Profit0.98
Total Assets₹31,953.51 Cr.
Dividend Yield0.19 %
Promoter Holding27.77 %
Earning Power9.54 %
Valuation
Stock P/E21.68
Industry P/E24.79
Price to Book2.5
Price to Sales1.64
Graham Number₹79,550.77
Key Metrics
Debt/Equity
0.03
Dividend/Share
₹3
Face Value
₹10
Interest Coverage
21.77
About MRF Ltd
Automobile and Auto Components · Tyres
MRF Ltd is listed on NSE in the Automobile and Auto Components / Tyres sector. Face value ₹10. Market cap ₹52,370.02 Cr.
Price Chart
Strengths & Weaknesses
Strengths
- The company has a strong interest coverage ratio of 21.77, indicating robust ability to meet interest obligations.
- The relatively low debt to equity ratio of 0.11 suggests a conservative capital structure with lower financial risk.
- The company reported a substantial net profit of ₹2417.84 Cr, reflecting solid profitability.
- The Return on Capital Employed (ROCE) of 15.23% demonstrates efficient use of capital to generate profits.
- The promoter holding stands at 27.77%, indicating significant management control and alignment of interests.
Weaknesses
- The dividend yield is low at 0.19%, which may not attract income-focused investors.
- The P/E ratio of 21.95 suggests that the stock may be relatively expensive compared to earnings.
- The P/B ratio of 2.53 indicates that the market values the company at a premium over its book value.
Peer Comparison
| Name | CMP | P/E | Market Cap | Div Yield | NP Qtr | Qtr Profit Var% | Sales Qtr | Qtr Sales Var% | ROCE% | Debt/Eq |
|---|---|---|---|---|---|---|---|---|---|---|
| MRF Ltd | - | 21.68 | ₹52,370.02 Cr | 0.19% | ₹2,417.84 Cr | - | ₹31,888.87 Cr | - | 15.23% | 0.11 |
| Balkrishna Industries Ltd | - | 29.62 | ₹41,633.76 Cr | 0.37% | ₹1,405.57 Cr | - | ₹11,518.33 Cr | - | 13.21% | 0.37 |
| Apollo Tyres Ltd | - | 14.44 | ₹24,746.71 Cr | 1.54% | ₹1,708.41 Cr | - | ₹29,307.63 Cr | - | 10.9% | 0.16 |
| CEAT Ltd | - | 22.42 | ₹13,248.42 Cr | 1.07% | ₹567.21 Cr | - | ₹16,466.7 Cr | - | 15.56% | 0.59 |
| JK Tyre & Industries Ltd | - | 14.58 | ₹9,739.86 Cr | 1.18% | ₹662.07 Cr | - | ₹16,403.95 Cr | - | 12.04% | 0.78 |
| TVS Srichakra Ltd | - | 37.29 | ₹3,444.87 Cr | 0.84% | ₹92.25 Cr | - | ₹3,891.55 Cr | - | 8.54% | 0.74 |
| Goodyear India Ltd | - | 30.01 | ₹1,617.65 Cr | 3.78% | ₹53.9 Cr | - | ₹2,594 Cr | - | 13.11% | 0 |
| Tolins Tyres Ltd | - | 10.58 | ₹343.13 Cr | - | ₹32.57 Cr | - | ₹316.65 Cr | - | 12.17% | 0.05 |
| Dolfin Rubbers Ltd | - | 27.16 | ₹168.65 Cr | - | ₹6.22 Cr | - | ₹182.09 Cr | - | 17.08% | 0.54 |
| Tirupati Innovar Limited | - | 320 | ₹15.64 Cr | - | ₹0.65 Cr | - | ₹142.73 Cr | - | 1.48% | 0.08 |
| Emerald Tyre Manufacturers Ltd | - | - | - | - | - | - | - | - | - | 0.81 |
| Innovative Tyres & Tubes Ltd | - | - | - | - | - | - | - | - | - | -2.14 |
| Viaz Tyres Ltd | - | - | - | - | - | - | - | - | - | 0.35 |
Quarterly Results
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|
| Sales | 7,378.72 | 8,050.43 | 8,044.22 | 8,415.5 |
| ↳ QoQ Growth | - | +9.1% | -0.1% | +4.6% |
| Expenses | 6,697.93 | 7,088.57 | 7,181.18 | 7,872.54 |
| Operating Profit | 680.79 | 961.86 | 863.04 | 542.96 |
| OPM % | 9.23% | 11.95% | 10.73% | 6.45% |
| Other Income | 108.1 | 126.7 | 139.06 | 195.06 |
| Interest | 90.23 | 91.23 | 86.33 | 88.33 |
| Depreciation | 445.11 | 438.03 | 441.71 | 447.67 |
| EBITDA | 1,125.9 | 1,399.89 | 1,304.75 | 990.63 |
| EBITDA Margin % | 15.26% | 17.39% | 16.22% | 11.77% |
| Profit Before Tax | 698.66 | 920.13 | 929.73 | 649.69 |
| Tax % | 24.76% | 24.51% | 24.47% | 23.76% |
| Net Profit | 525.64 | 694.6 | 702.25 | 495.35 |
| ↳ QoQ Growth | - | +32.1% | +1.1% | -29.5% |
| EPS | 1,239.38 | 1,631.23 | 1,655.8 | 1,167.97 |
Balance Sheet
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Equity Capital | 4.24 | 4.24 |
| Reserves | 18605.52 | 20970.32 |
| Borrowings | 3771.16 | 2367.05 |
| Other Liabilities | 7308.02 | 8611.9 |
| Total Liabilities | 29688.94 | 31953.51 |
| Fixed Assets | 13201.22 | 12966.42 |
| CWIP | 1168.63 | 1033.8 |
| Investments | 4548.24 | 3397.81 |
| Other Assets | 10770.85 | 14555.48 |
| Total Assets | 29688.94 | 31953.51 |
Cash Flows
| Mar 2026 | |
|---|---|
| Cash from Operating Activity | 4590.3 |
| Cash from Investing Activity | -3536.15 |
| Cash from Financing Activity | -1120.33 |
| Net Cash Flow | -66.18 |
Shareholding Pattern
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|
| Promoters % | 27.74% | 27.73% | 27.77% | 27.77% |
| FIIs % | 18.27% | 18.17% | 17.98% | 17.42% |
| DIIs % | 12.37% | 12.5% | 12.25% | 12.1% |
| Public % | 12.07% | 12.11% | 12.52% | 13.22% |
| No. of Shareholders | 48,074 | 49,218 | 58,110 | 68,876 |
Major Shareholders (>1%)
- Mowi FoundationPublic Shareholding11.98%
- Comprehensive Investment And Finance Company Pvt. Ltd.Promoter and Promoter Group10.42%
- Nalanda India Equity Fund LimitedPublic Shareholding4.13%
- Sbi Mutual Fund Through Its Various AccountsPublic Shareholding4.02%
As of 2026-06-30View all shareholders →