About
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, fighter aircraft, farm, trucks, OTR, SCV, LCV, pick up, three wheeler, MCV, ICV, and tubes and valves products; rubber products, such as tubes, flaps, and tread rubber products; and manufactures specialty coatings. It also involved in the paints and coats, sports goods, and motorsports businesses. In addition, the company operates MRF T&S that provide computerized nitrogen inflation, tubeless repair, wheel alignment, wheel balancing and tire changing; MRF TireTok which offers robotic wheel alignment, vehicle safety test lane, diagnostic wheel balancing, semi-automatic tyre changer, A/C recovery and recharging, electronic headlight aligner, nitrogen generator membrane type, and special two-wheeler tire changer; MRF Tyredrome; MRF FASST that offers wheels removal and refitment, and tire mounting and de-mounting services; and MRF MuscleZone shops, as well as provides training for light and heavy commercial vehicle driving. The company was founded in 1946 and is based in Chennai, India.
Key Metrics
as of Sep 2026Market Cap55,108 Cr
P/E22.40
Div Yield0.18 %
Book Value₹49,455.00
52w High₹163,600.00
52w Low₹122,000.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8,416.00 | 8,044.00 | 8,050.00 | 7,379.00 | 7,676.00 | 7,075.00 | 7,001.00 | 6,881.00 | 7,196.00 | 6,349.00 | 6,162.00 | 6,217.00 | 6,440.00 |
| Expenses | 7,425.00 | 6,739.00 | 6,651.00 | 6,253.00 | 6,605.00 | 6,000.00 | 6,166.00 | 5,870.00 | 6,037.00 | 5,437.00 | 5,108.00 | 5,060.00 | 5,310.00 |
| Operating Profit | 991.00 | 1,305.00 | 1,400.00 | 1,126.00 | 1,070.00 | 1,074.00 | 835.00 | 1,011.00 | 1,160.00 | 912.00 | 1,055.00 | 1,157.00 | 1,130.00 |
| OPM % | 12.00 | 16.00 | 17.00 | 15.00 | 14.00 | 15.00 | 12.00 | 15.00 | 16.00 | 14.00 | 17.00 | 19.00 | 18.00 |
| Other Income | 195.00 | 153.00 | 50.00 | 108.00 | 129.00 | 115.00 | 98.00 | 113.00 | 84.00 | 94.00 | 78.00 | 71.00 | 75.00 |
| Depreciation | 448.00 | 442.00 | 438.00 | 445.00 | 429.00 | 433.00 | 415.00 | 410.00 | 396.00 | 385.00 | 360.00 | 351.00 | 333.00 |
| Interest | 88.00 | 86.00 | 91.00 | 90.00 | 98.00 | 98.00 | 94.00 | 84.00 | 85.00 | 93.00 | 90.00 | 86.00 | 84.00 |
| Profit before tax | 650.00 | 930.00 | 920.00 | 699.00 | 672.00 | 659.00 | 424.00 | 631.00 | 763.00 | 527.00 | 682.00 | 791.00 | 787.00 |
| Tax % | 24.00 | 24.00 | 25.00 | 25.00 | 25.00 | 23.00 | 26.00 | 25.00 | 25.00 | 25.00 | 25.00 | 26.00 | 25.00 |
| Net Profit | 495.00 | 702.00 | 695.00 | 526.00 | 502.00 | 510.00 | 315.00 | 471.00 | 571.00 | 396.00 | 510.00 | 587.00 | 589.00 |
| EPS in Rs | 1,167.98 | 1,655.82 | 1,637.78 | 1,239.40 | 1,183.23 | 1,203.70 | 743.79 | 1,109.85 | 1,346.40 | 933.96 | 1,201.83 | 1,383.27 | 1,388.20 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Sep 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 31,149.00 | 28,152.00 | 25,169.00 | 23,008.00 | 19,317.00 | 16,162.00 | 16,237.00 | 16,062.00 | 14,954.00 | 13,412.00 | 20,179.00 | 13,329.00 |
| Expenses | 26,238.00 | 24,062.00 | 20,896.00 | 20,604.00 | 17,256.00 | 13,208.00 | 13,855.00 | 13,744.00 | 12,665.00 | 10,763.00 | 15,743.00 | 11,384.00 |
| Operating Profit | 4,910.00 | 4,090.00 | 4,272.00 | 2,404.00 | 2,061.00 | 2,954.00 | 2,382.00 | 2,317.00 | 2,288.00 | 2,649.00 | 4,437.00 | 1,945.00 |
| OPM % | 16.00 | 15.00 | 17.00 | 10.00 | 11.00 | 18.00 | 15.00 | 14.00 | 15.00 | 20.00 | 22.00 | 15.00 |
| Other Income | 440.00 | 414.00 | 306.00 | 245.00 | 315.00 | 205.00 | 335.00 | 416.00 | 330.00 | 327.00 | 317.00 | 63.00 |
| Interest | 374.00 | 368.00 | 361.00 | 326.00 | 263.00 | 282.00 | 301.00 | 273.00 | 259.00 | 257.00 | 361.00 | 232.00 |
| Depreciation | 1,754.00 | 1,654.00 | 1,430.00 | 1,253.00 | 1,205.00 | 1,141.00 | 982.00 | 808.00 | 707.00 | 611.00 | 737.00 | 424.00 |
| Profit before tax | 3,222.00 | 2,483.00 | 2,787.00 | 1,070.00 | 908.00 | 1,737.00 | 1,434.00 | 1,652.00 | 1,653.00 | 2,109.00 | 3,656.00 | 1,353.00 |
| Tax % | 25.00 | 25.00 | 25.00 | 28.00 | 26.00 | 26.00 | 1.00 | 32.00 | 32.00 | 30.00 | 31.00 | 33.00 |
| Net Profit | 2,426.00 | 1,873.00 | 2,081.00 | 769.00 | 669.00 | 1,277.00 | 1,423.00 | 1,131.00 | 1,132.00 | 1,486.00 | 2,509.00 | 908.00 |
| EPS in Rs | 5,720.43 | 4,416.97 | 4,907.26 | 1,813.04 | 1,577.96 | 3,011.15 | 3,354.22 | 2,665.82 | 2,668.20 | 3,504.33 | 5,916.93 | 2,141.71 |
| Dividend Payout % | 4.00 | 5.00 | 4.00 | 10.00 | 10.00 | 5.00 | 3.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Sep 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 |
| Reserves | 20,970.00 | 18,606.00 | 16,699.00 | 14,703.00 | 14,028.00 | 13,409.00 | 12,210.00 | 10,833.00 | 9,734.00 | 8,637.00 | 7,220.00 | 4,535.00 |
| Borrowings | 3,207.00 | 3,771.00 | 2,822.00 | 3,014.00 | 3,229.00 | 2,388.00 | 1,854.00 | 2,506.00 | 2,163.00 | 2,333.00 | 2,464.00 | 1,903.00 |
| Other Liabilities | 7,772.00 | 7,308.00 | 7,325.00 | 6,648.00 | 5,799.00 | 6,780.00 | 5,373.00 | 5,098.00 | 4,577.00 | 4,075.00 | 3,566.00 | 3,391.00 |
| Total Liabilities | 31,954.00 | 29,689.00 | 26,849.00 | 24,369.00 | 23,060.00 | 22,582.00 | 19,442.00 | 18,441.00 | 16,478.00 | 15,048.00 | 13,254.00 | 9,833.00 |
| Fixed Assets | 12,966.00 | 13,223.00 | 12,046.00 | 10,118.00 | 9,522.00 | 9,441.00 | 8,870.00 | 6,786.00 | 6,092.00 | 5,502.00 | 4,608.00 | 3,436.00 |
| CWIP | 1,034.00 | 1,169.00 | 2,385.00 | 3,046.00 | 1,233.00 | 1,002.00 | 1,741.00 | 1,403.00 | 1,079.00 | 848.00 | 1,059.00 | 628.00 |
| Investments | 3,398.00 | 4,548.00 | 3,383.00 | 3,085.00 | 3,656.00 | 5,874.00 | 1,519.00 | 3,855.00 | 4,145.00 | 3,382.00 | 3,138.00 | 1,081.00 |
| Other Assets | 14,555.00 | 10,750.00 | 9,036.00 | 8,120.00 | 8,648.00 | 6,265.00 | 7,312.00 | 6,397.00 | 5,162.00 | 5,316.00 | 4,448.00 | 4,688.00 |
| Total Assets | 31,954.00 | 29,689.00 | 26,849.00 | 24,369.00 | 23,060.00 | 22,582.00 | 19,442.00 | 18,441.00 | 16,478.00 | 15,048.00 | 13,254.00 | 9,833.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Sep 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 4,590.00 | 1,865.00 | 3,303.00 | 2,755.00 | -578.00 | 4,325.00 | 2,271.00 | 1,253.00 | 2,413.00 | 1,956.00 | 3,043.00 | 1,699.00 |
| Cash from Investing Activity | -3,539.00 | -2,077.00 | -2,381.00 | -1,922.00 | 166.00 | -5,087.00 | -162.00 | -1,386.00 | -2,014.00 | -1,393.00 | -3,408.00 | -1,791.00 |
| Cash from Financing Activity | -1,120.00 | 282.00 | -868.00 | -840.00 | 424.00 | -250.00 | -1,032.00 | 42.00 | -453.00 | -438.00 | 212.00 | 67.00 |
| Net Cash Flow | -69.00 | 70.00 | 55.00 | -6.00 | 12.00 | -1,012.00 | 1,077.00 | -91.00 | -53.00 | 125.00 | -152.00 | -24.00 |
| Free Cash Flow | 3,164.00 | 569.00 | 1,141.00 | -535.00 | -2,283.00 | 3,473.00 | -479.00 | -710.00 | 849.00 | 590.00 | 737.00 | 454.00 |
| CFO/OP % | 107.00 | 60.00 | 94.00 | 128.00 | -18.00 | 164.00 | 114.00 | 72.00 | 126.00 | 89.00 | 95.00 | 109.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Sep 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 42.00 | 44.00 | 42.00 | 40.00 | 44.00 | 48.00 | 52.00 | 54.00 | 52.00 | 54.00 | 33.00 | 47.00 |
| Inventory Days | 101.00 | 115.00 | 108.00 | 98.00 | 120.00 | 115.00 | 110.00 | 113.00 | 88.00 | 118.00 | 62.00 | 79.00 |
| Days Payable | 60.00 | 57.00 | 64.00 | 58.00 | 60.00 | 129.00 | 72.00 | 64.00 | 63.00 | 69.00 | 36.00 | 50.00 |
| Cash Conversion Cycle | 83.00 | 101.00 | 86.00 | 80.00 | 104.00 | 34.00 | 90.00 | 102.00 | 78.00 | 103.00 | 58.00 | 76.00 |
| Working Capital Days | 7.00 | 8.00 | 3.00 | -8.00 | 10.00 | -41.00 | 5.00 | 2.00 | -1.00 | 4.00 | 1.00 | 30.00 |
| ROCE % | 16.00 | 14.00 | 17.00 | 7.00 | 7.00 | 14.00 | 13.00 | 15.00 | 17.00 | 23.00 | 49.00 | 27.00 |
Corporate Actions
50 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 17 Jul 2026 | 17 Jul 2026 | — | 229.00 | |
| Dividend | 13 Feb 2026 | 13 Feb 2026 | — | 3.00 | |
| Dividend | 21 Nov 2025 | 21 Nov 2025 | — | 3.00 | |
| Dividend | 18 Jul 2025 | 18 Jul 2025 | — | 229.00 | |
| Dividend | 14 Feb 2025 | 14 Feb 2025 | — | 3.00 | |
| Dividend | 19 Nov 2024 | 19 Nov 2024 | — | 3.00 | |
| Dividend | 25 Jul 2024 | — | — | 194.00 | |
| Dividend | 21 Feb 2024 | 21 Feb 2024 | — | 3.00 | |
| Dividend | 17 Nov 2023 | 17 Nov 2023 | — | 3.00 | |
| Dividend | 20 Jul 2023 | — | — | 169.00 | |
| Dividend | 21 Feb 2023 | 21 Feb 2023 | — | 3.00 | |
| Dividend | 17 Nov 2022 | 18 Nov 2022 | — | 3.00 | |
| Dividend | 27 Jul 2022 | — | — | 144.00 | |
| Dividend | 17 Feb 2022 | 18 Feb 2022 | — | 3.00 | |
| Dividend | 17 Nov 2021 | 19 Nov 2021 | — | 3.00 | |
| Dividend | 04 Aug 2021 | — | — | 50.00 | NSE/BSE dividend mismatch: BSE/NSE=94.0; BSE/NSE=50.0 |
| Dividend | 04 Aug 2021 | — | — | 94.00 | NSE/BSE dividend mismatch: BSE/NSE=94.0; BSE/NSE=50.0 |
| Dividend | 17 Feb 2021 | 19 Feb 2021 | — | 3.00 | |
| Dividend | 18 Nov 2020 | 19 Nov 2020 | — | 3.00 | |
| Dividend | 14 Sep 2020 | — | — | 94.00 | |
| Dividend | 18 Feb 2020 | 21 Feb 2020 | — | 3.00 | |
| Dividend | 21 Nov 2019 | 22 Nov 2019 | — | 3.00 | |
| Dividend | 01 Aug 2019 | — | — | 54.00 | |
| Dividend | 15 Feb 2019 | 19 Feb 2019 | — | 3.00 | |
| Dividend | 19 Nov 2018 | 20 Nov 2018 | — | 3.00 | |
| Dividend | 01 Aug 2018 | — | — | 54.00 | |
| Dividend | 09 Feb 2018 | 13 Feb 2018 | — | 3.00 | |
| Dividend | 21 Nov 2017 | 22 Nov 2017 | — | 3.00 | |
| Dividend | 27 Jul 2017 | — | — | 54.00 | |
| Dividend | 14 Feb 2017 | 15 Feb 2017 | — | 3.00 | |
| Dividend | 08 Nov 2016 | 09 Nov 2016 | — | 3.00 | |
| Dividend | 03 Aug 2016 | — | — | 94.00 | |
| Dividend | 10 Nov 2015 | 13 Nov 2015 | — | 3.00 | |
| Dividend | 06 Aug 2015 | 07 Aug 2015 | — | 3.00 | |
| Dividend | 04 Feb 2015 | — | — | 44.00 | |
| Dividend | 13 Nov 2014 | 14 Nov 2014 | — | 3.00 | |
| Dividend | 06 Aug 2014 | 07 Aug 2014 | — | 3.00 | |
| Dividend | 30 Jan 2014 | — | — | 24.00 | |
| Dividend | 05 Nov 2013 | 06 Nov 2013 | — | 3.00 | |
| Dividend | 06 Aug 2013 | 07 Aug 2013 | — | 3.00 | |
| Dividend | 30 Jan 2013 | — | — | 19.00 | |
| Dividend | 07 Nov 2012 | 08 Nov 2012 | — | 3.00 | |
| Dividend | 06 Aug 2012 | 07 Aug 2012 | — | 3.00 | |
| Dividend | 30 Jan 2012 | — | — | 19.00 | |
| Dividend | 02 Nov 2011 | 03 Nov 2011 | — | 3.00 | |
| Dividend | 09 Aug 2011 | 10 Aug 2011 | — | 3.00 | |
| Dividend | 28 Jan 2011 | — | — | 25.00 | NSE/BSE dividend mismatch: BSE/NSE=19.0; BSE/NSE=25.0 |
| Dividend | 28 Jan 2011 | — | — | 19.00 | NSE/BSE dividend mismatch: BSE/NSE=19.0; BSE/NSE=25.0 |
| Dividend | 02 Nov 2010 | 03 Nov 2010 | — | 3.00 | |
| Dividend | 06 Aug 2010 | 09 Aug 2010 | — | 3.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update29 Sep 2025 from care
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Rating update30 Sep 2024 from care
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Rating update4 Oct 2023 from care
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Rating update17 Oct 2022 from care
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Rating update6 Oct 2022 from care
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Rating update30 Nov 2021 from icra