M.R.F. Ltd.

BSE: MRF500290ISIN INE883A01011

Consumer Discretionary
Tyres & Rubber Products
BSE 200

Share price

₹1,17,961.35+289.20 (+0.25%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹1,59,799.95
52W low: ₹1,15,333.30
Off 52W high: -26.18%
1M return: -4.32%
3M return: -12.24%
6M return: -9.52%
1Y return: -25.29%
20D avg volume: 234
50 DMA: ₹1,24,654.01
200 DMA: ₹1,31,456.80

Key ratios Consolidated

Market cap: ₹50,029 Cr
Current price: ₹1,17,961.35
52W high / low: ₹1,59,799.95 / ₹1,15,333.30
Face value: ₹10.00
P/E: 20.72
P/B: 2.38
EPS (TTM): ₹5,694.38
Book value / share: ₹49,468.30
ROE: —
ROCE: 15.60%
Operating margin: —
Net margin: —
Debt / equity: 0.11
Net debt: ₹2,062 Cr
Interest cover: 9.80
Dividend yield: 0.20%
Dividend / share (TTM): ₹235.00
Payout: 4.13%
Cash conversion cycle: 67.4 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	8,416	8,044	8,050	7,379	7,676	7,075	7,001	6,881	7,196	6,349	6,162	6,217
	195.06	139.06	124.58	108.10	126.43	112.78	98.08	113.21	84.04	93.81	77.62	70.72
	8,611	8,183	8,175	7,487	7,802	7,188	7,099	6,994	7,280	6,443	6,240	6,288
	7,961	7,268	7,180	6,788	7,132	6,527	6,675	6,363	6,518	5,916	5,558	5,497
	5,854	4,994	4,688	4,577	4,623	4,720	4,656	4,741	4,371	3,923	3,791	3,749
	8.26	9.32	8.93	10.23	6.12	7.00	7.04	6.64	7.77	6.22	5.67	5.66
	499.87	550.83	522.48	494.31	477.67	470.86	469.27	477.75	457.58	479.47	449.54	443.56
	88.33	86.33	91.23	90.23	98.41	97.93	93.65	83.78	84.67	93.25	90.00	85.54
	447.67	441.71	438.03	445.11	428.78	432.75	414.99	409.73	396.08	385.25	359.98	351.48
	1,326	1,264	1,173	1,103	1,139	1,042	1,062	1,070	1,093	1,114	990.05	966.06
	649.69	915.77	994.56	698.66	670.48	660.73	424.18	631.18	762.91	527.34	682.41	790.61
	0.00	13.96	-77.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	649.69	929.73	917.36	698.66	670.48	660.73	424.18	631.18	762.91	527.34	682.41	790.61
	154.34	227.48	225.53	173.02	170.01	148.62	108.72	160.48	191.89	131.23	172.70	203.95
	495.35	702.25	691.83	525.64	500.47	512.11	315.46	470.70	571.02	396.11	509.71	586.66
	1,168	1,656	1,631	1,239	1,180	1,207	743.80	1,110	1,346	933.97	1,202	1,383
Key metrics
	1,186	1,458	1,447	1,234	1,198	1,191	932.82	1,125	1,244	1,006	1,132	1,228
	14.10%	18.10%	18.00%	16.70%	15.60%	16.80%	13.30%	16.30%	17.30%	15.80%	18.40%	19.70%
	5.90%	8.70%	8.60%	7.10%	6.50%	7.20%	4.50%	6.80%	7.90%	6.20%	8.30%	9.40%
	—	4.40%	—	3.70%	—	3.70%	—	—	—	—	—	—
	9.60%	13.70%	15.00%	7.20%	6.70%	11.40%	13.60%	10.70%	—	—	—	—
	-1.00%	37.10%	119.30%	11.70%	-12.40%	29.30%	-38.10%	-19.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Income statement
	31,889	31,149	28,153	25,169	23,008	19,317	16,163	16,239	16,062	15,411	14,923
	566.80	504.63	408.11	316.84	252.67	316.99	209.94	335.38	421.73	284.63	337.38
	32,456	31,654	28,561	25,486	23,261	19,634	16,373	16,575	16,484	15,696	15,260
	29,197	28,368	26,082	22,699	22,191	18,726	14,636	15,140	14,832	14,043	13,151
	20,114	18,883	18,488	15,243	15,751	13,420	8,952	9,577	10,293	8,985	7,766
	36.74	34.60	28.45	22.15	35.40	17.32	16.15	22.59	—	—	—
	2,067	2,046	1,885	1,797	1,595	1,502	1,415	1,345	—	—	—
	356.12	366.20	360.03	353.01	319.00	253.80	274.67	292.82	267.31	253.12	251.47
	1,773	1,754	1,654	1,430	1,253	1,205	1,141	982.32	—	—	—
	4,866	4,680	4,257	4,038	3,584	3,184	2,483	2,903	2,882	2,471	2,276
	3,259	3,285	2,479	2,787	1,070	907.93	1,737	1,434	1,652	1,653	2,109
	-63.24	-63.24	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	3,195	3,222	2,479	2,787	1,070	907.93	1,737	1,434	1,652	1,653	2,109
	780.37	796.04	609.71	706.19	300.78	238.69	459.77	11.68	521.57	521.04	623.15
	2,415	2,426	1,869	2,081	768.96	669.24	1,277	1,423	1,131	1,132	1,486
	5,694	5,720	4,408	4,907	1,813	1,578	3,011	3,354	—	—	—
Key metrics
	5,324	5,342	4,493	4,570	2,642	2,367	3,152	2,709	1,919	1,906	2,361
	16.70%	17.10%	16.00%	18.20%	11.50%	12.30%	19.50%	16.70%	12.00%	12.40%	15.80%
	7.57%	7.80%	6.60%	8.30%	3.30%	3.50%	7.90%	8.80%	7.00%	7.30%	10.00%
	—	15.60%	13.80%	—	—	—	—	—	—	—	—
	11.37%	10.60%	11.90%	9.40%	19.10%	19.50%	-0.50%	1.10%	4.20%	3.30%	—
	34.26%	29.80%	-10.20%	170.70%	14.90%	-47.60%	-10.20%	25.80%	-0.10%	-23.90%	—
	—	3,156	559.63	—	—	—	—	—	—	—	—
	—	1.89	1.00	—	—	—	—	—	—	—	—
	—	0.11	0.16	—	—	—	—	—	—	—	—
	—	2,062	2,534	—	—	—	—	—	—	—	—
	—	67.4	80.0	—	—	—	—	—	—	—	—
Balance sheet
	—	31,954	29,567	—	—	—	—	—	—	—	—
	—	14,816	13,396	—	—	—	—	—	—	—	—
	—	304.59	370.64	—	—	—	—	—	—	—	—
	—	3,542	3,370	—	—	—	—	—	—	—	—
	—	5,417	5,625	—	—	—	—	—	—	—	—
	—	421.99	413.79	—	—	—	—	—	—	—	—
	—	12,945	13,199	—	—	—	—	—	—	—	—
	—	3,211	2,822	—	—	—	—	—	—	—	—
	—	9,006	8,960	—	—	—	—	—	—	—	—
	—	2,367	2,905	—	—	—	—	—	—	—	—
	—	2,191	2,530	—	—	—	—	—	—	—	—
	—	176.02	374.43	—	—	—	—	—	—	—	—
	—	20,975	18,489	—	—	—	—	—	—	—	—
Cash flow
	—	4,590	1,868	—	—	—	—	—	—	—	—
	—	-3,536	-2,082	—	—	—	—	—	—	—	—
	—	-1,120	282.00	—	—	—	—	—	—	—	—
	—	1,434	1,308	—	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	8,292	7,908	7,934	7,250	7,560	6,944	6,883	6,760	7,078	6,215	6,048	6,088
	191.48	132.91	123.07	106.70	125.49	111.46	96.60	112.06	82.74	92.35	76.60	69.63
	8,483	8,041	8,057	7,356	7,686	7,055	6,980	6,872	7,161	6,307	6,124	6,157
	7,858	7,157	7,079	6,674	7,035	6,410	6,567	6,262	6,410	5,799	5,445	5,384
	5,824	4,945	4,655	4,543	4,597	4,680	4,634	4,716	4,319	3,871	3,743	3,715
	8.28	9.30	8.71	10.19	6.09	6.97	6.73	6.73	7.67	5.81	5.82	5.49
	486.01	537.13	508.98	480.94	464.24	458.85	455.34	463.67	443.99	466.78	436.89	431.44
	69.72	70.56	73.57	70.77	82.16	78.19	71.09	66.73	75.42	85.80	77.64	74.86
	445.84	440.91	436.20	443.27	426.95	430.97	414.27	407.90	394.26	384.19	359.12	349.96
	1,274	1,231	1,136	1,067	1,097	1,003	1,023	1,031	1,055	1,066	951.08	921.51
	624.54	884.60	977.72	682.41	650.73	645.08	413.06	610.88	750.88	507.91	679.24	773.46
	0.00	15.21	-77.20	0.00	0.00	0.00	—	—	—	—	—	—
	624.54	899.81	900.52	682.41	650.73	645.08	413.06	610.88	750.88	507.91	679.24	773.46
	150.17	219.37	221.38	170.82	166.50	147.23	106.34	155.45	188.33	128.36	171.22	201.53
	474.37	680.44	679.14	511.59	484.23	497.85	306.72	455.43	562.55	379.55	508.02	571.93
	1,119	1,604	1,601	1,206	1,142	1,174	723.20	1,074	1,326	894.93	1,198	1,349
Key metrics
	1,140	1,411	1,410	1,196	1,160	1,154	898.42	1,086	1,221	977.90	1,116	1,198
	13.80%	17.80%	17.80%	16.50%	15.30%	16.60%	13.10%	16.10%	17.20%	15.70%	18.50%	19.70%
	5.70%	8.60%	8.60%	7.10%	6.40%	7.20%	4.50%	6.70%	7.90%	6.10%	8.40%	9.40%
	—	4.30%	—	3.60%	—	3.60%	—	—	—	—	—	—
	9.70%	13.90%	15.30%	7.20%	6.80%	11.70%	13.80%	11.10%	—	—	—	—
	-2.00%	36.70%	121.40%	12.30%	-13.90%	31.20%	-39.60%	-20.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Income statement
	31,383	30,652	27,665	24,674	22,578	18,990	15,921	15,991	15,837	15,227	14,743
	554.16	488.17	402.86	312.46	248.21	314.92	207.23	330.50	417.47	282.48	335.02
	31,938	31,140	28,068	24,986	22,826	19,304	16,129	16,322	16,254	15,510	15,078
	28,768	27,945	25,648	22,247	21,788	18,425	14,428	14,922	14,646	13,908	13,012
	19,967	18,741	18,349	15,052	15,527	13,254	8,854	9,462	10,220	8,947	7,679
	36.48	34.29	28.10	21.22	35.23	17.01	15.78	22.30	29.86	—	42.38
	2,013	1,992	1,832	1,748	1,559	1,472	1,388	1,321	1,144	—	983.14
	284.62	297.06	291.43	316.34	298.06	247.01	264.72	274.26	247.79	245.17	245.52
	1,766	1,747	1,647	1,425	1,249	1,201	1,137	980.62	806.27	—	—
	4,709	4,531	4,102	3,867	3,460	3,078	2,410	2,838	2,806	2,409	2,177
	3,169	3,195	2,420	2,739	1,039	879.16	1,700	1,399	1,609	1,602	2,066
	-61.99	-61.99	0.00	—	80.33	—	—	—	—	—	—
	3,107	3,133	2,420	2,739	1,119	879.16	1,700	1,399	1,609	1,602	2,066
	761.74	778.07	597.35	698.01	302.97	231.82	451.21	4.34	512.02	509.63	615.29
	2,346	2,355	1,823	2,041	816.23	647.34	1,249	1,395	1,097	1,092	1,451
	5,530	5,554	4,297	4,812	1,925	1,526	2,945	3,289	2,586	—	—
Key metrics
	5,158	5,178	4,359	4,480	2,666	2,328	3,102	2,654	2,663	1,847	2,312
	16.44%	16.90%	15.80%	18.20%	11.80%	12.30%	19.50%	16.60%	16.80%	12.10%	15.70%
	7.47%	7.70%	6.60%	8.30%	3.60%	3.40%	7.80%	8.70%	6.90%	7.20%	9.80%
	—	15.30%	13.40%	—	—	—	—	—	—	—	—
	11.50%	10.80%	12.10%	9.30%	18.90%	19.30%	-0.40%	1.00%	4.00%	3.30%	—
	34.47%	29.20%	-10.70%	150.00%	26.10%	-48.20%	-10.50%	27.20%	0.40%	-24.70%	—
	—	3,211	1,340	—	—	—	—	—	—	—	—
	—	1.97	1.45	—	—	—	—	—	—	—	—
	—	0.04	0.09	—	—	—	—	—	—	—	—
	—	589.27	1,343	—	—	—	—	—	—	—	—
	—	50.0	63.8	—	—	—	—	—	—	—	—
Balance sheet
	—	31,296	29,096	—	—	—	—	—	—	—	—
	—	14,369	13,015	—	—	—	—	—	—	—	—
	—	260.84	243.61	—	—	—	—	—	—	—	—
	—	3,477	3,302	—	—	—	—	—	—	—	—
	—	5,338	5,539	—	—	—	—	—	—	—	—
	—	359.44	324.35	—	—	—	—	—	—	—	—
	—	12,851	13,108	—	—	—	—	—	—	—	—
	—	4,622	4,007	—	—	—	—	—	—	—	—
	—	8,879	8,807	—	—	—	—	—	—	—	—
	—	850.11	1,587	—	—	—	—	—	—	—	—
	—	674.09	1,212	—	—	—	—	—	—	—	—
	—	176.02	374.43	—	—	—	—	—	—	—	—
	—	20,452	18,176	—	—	—	—	—	—	—	—
Cash flow
	—	4,639	2,639	—	—	—	—	—	—	—	—
	—	-3,369	-2,107	—	—	—	—	—	—	—	—
	—	-1,250	-523.47	—	—	—	—	—	—	—	—
	—	1,428	1,299	—	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +10.73%
Sales CAGR 5Y: +14.00%
Profit CAGR 3Y: +42.37%
Profit CAGR 5Y: +13.53%
Sales YoY (TTM): +11.50%
Profit YoY (TTM): +34.47%

Consolidated

Sales CAGR 3Y: +10.62%
Sales CAGR 5Y: +14.02%
Profit CAGR 3Y: +46.67%
Profit CAGR 5Y: +13.69%
Sales YoY (TTM): +11.37%
Profit YoY (TTM): +34.26%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 27.58%

Quarter	September 2026	June 2026
Promoter %	27.58%	27.72%

Holder	Type	Holding	Previous	Change
COMPREHENSIVE INVESTMENT AND FINANCE COMPANY PVT. LTD.	Promoter	10.42%	10.42%	0.00%
NALANDA INDIA EQUITY FUND LIMITED	Public	4.06%	4.13%	-0.07%
SBI Mutual Fund through its various accounts	Public	4.02%	4.02%	0.00%
PENINSULAR INVESTMENTS PRIVATE LIMITED	Promoter	2.93%	2.93%	0.00%
KOTAK MAHINDRA through its various accounts	Public	2.14%	2.16%	-0.02%
THE NEW INDIA ASSURANCE COMPANY LTD	Public	1.54%	1.52%	+0.02%
K M MAMMEN [SINGLY] & K M MAMMEN [JOINTLY WITH ARUN MAMMEN]	Promoter	1.26%	1.26%	0.00%
NPS TRUST A/C - SBI PENSION FOUND THROUGH ITS VARIOUS ACCOUNTS	Public	1.10%	—	—
IEPF	Public	1.01%	1.02%	-0.01%
JACOB MAMMEN	Promoter Group	0.83%	0.83%	0.00%
BRAGA INDUSTRIES LLP	Promoter	0.69%	0.69%	0.00%
ARUN MAMMEN	Promoter	0.65%	0.65%	0.00%
RACHEL KATTUKARAN	Promoter Group	0.59%	0.35%	+0.24%
JCEE MANUFACTURING AND SERVICES PVT LTD	Promoter	0.55%	0.54%	+0.01%
MEERA PHILIP	Promoter Group	0.55%	0.55%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
M.R.F. Ltd.	50,029	1,17,961.35	20.72	15.60%	+11.37% TTM	+34.26% TTM	-25.29%
Balkrishna Industries Ltd.	43,378	2,243.90	30.86	14.00%	+9.78% TTM	-3.28% TTM	-5.11%
Apollo Tyres Ltd	25,572	402.65	14.67	8.00%	+13.84% TTM	+119.81% TTM	-22.89%
Ceat Ltd.	13,806	3,413.10	26.80	17.60%	+24.48% TTM	+4.34% TTM	-14.74%
JK Tyre & Industries Ltd.	9,597	332.90	19.39	13.90%	+12.54% TTM	-8.61% TTM	-26.61%
TVS Srichakra Ltd.	3,241	4,232.30	35.13	9.40%	+18.56% TTM	+245.38% TTM	+1.27%
Goodyear India Ltd. S	1,534	665.10	28.46	13.00%	+0.82% TTM	+21.95% TTM	-32.55%
MEGAMONT LIMITED	575	199.00	—	26.80%	—	—	+213.58%
Tolins Tyres Limited	326	82.56	10.01	12.80%	+3.52% TTM	-16.64% TTM	-57.18%
Indag Rubber Ltd.	272	103.75	22.23	5.00%	+9.97% TTM	+166.88% TTM	-18.91%
Modi Rubber Ltd.	266	106.30	29,577.07	-2.20%	+12.95% TTM	-99.95% TTM	-18.45%
Dolfin Rubbers Limited S	175	174.60	28.21	15.10%	+25.42% TTM	+27.98% TTM	-0.40%
TIRUPATI INNOVAR LIMITED S	43	6.02	22.30	1.40%	+1,108.55% TTM	-33.33% TTM	—
M.M. Rubber Company Ltd. S	36	58.45	171.91	-4.40%	+5.46% TTM	+104.64% TTM	-38.45%
Cochin Malabar Estates & Indus. Ltd S	23	132.10	-46.19	10.50%	-100.00% TTM	-135.97% TTM	-9.46%
Vamshi Rubber Ltd. S	16	37.13	-161.43	14.90%	-10.74% TTM	-111.25% TTM	-27.28%
Eastern Treads Ltd. S	15	29.50	245.83	-938.50%	-4.58% TTM	+103.37% TTM	-3.02%

Filings & corporate actions

Recent announcements

MRF Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/11/2026 ,inter alia, to consider and approve the Unaudited Financial results for the ....2 Nov 2026 · Board Meeting / Board Meeting
Details attached16 Oct 2026 · Company Update / Newspaper Publication
Details attached.7 Oct 2026 · Company Update / General
Details attached.7 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Trading Window Closure Intimation29 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Details attached17 Aug 2026 · Company Update / Newspaper Publication
Press release attached11 Aug 2026 · Company Update / Press Release / Media Release
Details attached11 Aug 2026 · Company Update / General
Details attached11 Aug 2026 · Result / Financial Results
Details Attached7 Aug 2026 · AGM/EGM / AGM
Details Attached.6 Aug 2026 · AGM/EGM / AGM
MRF Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/08/2026 ,inter alia, to consider and approve Unaudited Financial Results (Standalone ....30 Jul 2026 · Board Meeting / Board Meeting
Details attached15 Jul 2026 · Company Update / General
Details attached15 Jul 2026 · Company Update / Newspaper Publication
Notice of Annual General Meeting14 Jul 2026 · AGM/EGM / AGM
BRSR Report 2025-2614 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Annual Report 2025-26 and AGM Notice14 Jul 2026 · Others / Reg. 34 (1) Annual Report
Details attached10 Jul 2026 · Company Update / Newspaper Publication
Details attached10 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Details Attached29 Jun 2026 · Corp. Action / Record Date
Details Attached29 Jun 2026 · Company Update / General
Trading Window Closure Intimation29 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Details attached9 Jun 2026 · Company Update / Newspaper Publication
Details attached31 May 2026 · Company Update / General
Secretarial Compliance Report for the FY ended 31st March,202628 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Details attached11 May 2026 · Company Update / General
Press Release - Board Meeting held on 7th May,20267 May 2026 · Company Update / Press Release / Media Release
Re-appointment of Joint Statutory Auditors7 May 2026 · Company Update / Appointment of Statutory Auditor/s
Appointment of Company Secretary7 May 2026 · Company Update / Appointment of Company Secretary / Compliance Officer
Resignation of Company Secretary7 May 2026 · Company Update / Cessation
Board recommended a final dividend7 May 2026 · Corp. Action / Dividend
Details attached7 May 2026 · Result / Financial Results
MRF Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/05/2026 ,inter alia, to consider and approve the Audited Financial Results (Standalone ....30 Apr 2026 · Board Meeting / Board Meeting
Details attached13 Apr 2026 · Company Update / General
Details Attached13 Apr 2026 · Company Update / General
Details attached9 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Newspaper advertisement copy attached8 Apr 2026 · Company Update / General
Details attached30 Mar 2026 · AGM/EGM / Postal Ballot
Details attached30 Mar 2026 · AGM/EGM / Postal Ballot
Trading Window Closure Intimation27 Mar 2026 · Insider Trading / SAST / Closure of Trading Window

Corporate actions

Purpose	Ex date	Record date	Payment date
Interim Dividend	17 Nov 2026	17 Nov 2026	—
Final Dividend - Rs. - 229.0000	17 Jul 2026	17 Jul 2026	—
Interim Dividend - Rs. - 3.0000	13 Feb 2026	13 Feb 2026	—
Interim Dividend - Rs. - 3.0000	21 Nov 2025	21 Nov 2025	—
Final Dividend - Rs. - 229.0000	18 Jul 2025	18 Jul 2025	—
Interim Dividend - Rs. - 3.0000	14 Feb 2025	14 Feb 2025	—
Interim Dividend - Rs. - 3.0000	19 Nov 2024	19 Nov 2024	—
Final Dividend - Rs. - 194.0000	25 Jul 2024	—	—

Board meetings

10 Nov 2026 Board Meeting - Financial Results
11 Aug 2026 Board Meeting - Financial Results