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Companies›Consumer Discretionary›Automobile and Auto Components›Auto Components
NSE:MRF

MRF LTD

Automobile and Auto Components › Auto Components·NIFTY 200NIFTY 500NIFTY LARGEMIDCAP 250NIFTY MIDCAP 100+6
₹1,18,055.00
at close · 28 Oct 2026
▼ 445.00 (-0.38%)

Latest filings

  1. Newspaper notice on special window for physical share dematerialisation · Compliance
  2. MRF tax demand reduced from Rs 91.53 cr to Rs 36.19 cr · Regulatory & Legal
  3. MRF files quarterly demat remat compliance certificate for Q2 FY27 · Compliance
All filings ↓
Ask Nexa about MRF LTD

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures tyres and related rubber products from 10 manufacturing plants in India, selling them under the MRF brand. Revenue is split between the Original Equipment (OE) segment, which supplies tyres to vehicle manufacturers, and the Replacement market, which serves existing vehicles through dealers and service networks. The company crossed Rs 30,000 crore in sales for FY26, with both the Replacement and OE segments growing, and it positions itself as a preferred tyre supplier for electric vehicles in India. It exports to over 60 countries, with exports at 7.58 percent of turnover. The largest cost line is raw materials at 60.6 percent of revenue, making earnings sensitive to commodity prices and supply chain conditions such as the Middle East tensions flagged by management.

Operating scale
Manufacturing plants
10 plantsFY26
Countries served
Over 60 countriesFY26
Exports share of turnover
7.58 percentFY26
Total dividend declared
Rs 235 per shareFY26
Workforce
6,818 employees and 25,992 workersFY26
Renewable electricity sourcing
30 percent of electricity from renewablesFY26
Who pays it
Vehicle manufacturers (OE segment) and end customers buying replacement tyres through dealers and service outlets; export customers in 60+ countries.
Biggest cost
Raw materials at 60.6 percent of revenue, with management flagging Middle East-related supply chain disruptions as a cost pressure.
Kind of business
Cyclical, asset-heavy tyre manufacturing exposed to raw material prices, vehicle demand, and weather-driven replacement cycles.
Where it sits
Indian tyre manufacturer operating 10 plants, exporting to 60+ countries, and claiming status as preferred EV tyre supplier.
Market Cap
₹50,055 Cr
P / E (TTM)
20.7×
EV / EBITDA
9.8×
Div Yield
0.20%
Growth
14.0%▲
Revenue 5y CAGR
PAT +13.7% · EBITDA +11.1%
Quality
13.8%▲
ROCE (5y median)
ROE 10.1% (5y median) · margin 17.1%
Leverage
0.11·
Debt / Equity · low
Net debt ₹2,062 Cr
Revenue FY21→FY26
1.9×▲
Margin −0.1 pts
₹16,163 Cr → ₹31,149 Cr
Cash conversion
1.53×▲
Operating cash ÷ profit · 5 yrs
₹11,936 Cr on ₹7,815 Cr
Moves on a normal day
0.75%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 16 Tyres & Rubber Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#5/13
P/B#8/16
ROCE#3/17
ROE#5/16
Debt / Equity#6/16
EBITDA margin#2/16
Revenue growth#9/15
Profit growth#8/16

Scorecard

Measured from the filed financials, judged against its Tyres & Rubber Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 14% a year over 5 years
Profit compounding 14% a year over 5 years
Debt at 0.11× equity
lower than 67% of its 16 Tyres & Rubber Products peers
Over 5 years it reported ₹7,815 Cr of profit and ₹11,936 Cr of operating cash — 1.53×
Profit is converting into cash
Concerns
Nothing flagged in the filed numbers.

Charts

How has the market priced it — with filings on the timeline?

MRF · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from MRF LTD's filed financials and exchange disclosures

What does MRF LTD do?

MRF LTD is a Auto Components company listed on NSE and BSE, trading under the symbol MRF.

Is MRF LTD profitable?

Yes. Over the trailing twelve months MRF LTD reported a net profit of ₹2,415 Cr on revenue of ₹31,889 Cr.

Does MRF LTD pay a dividend?

Yes. The dividend yield is 0.20% at the current price. It paid out 4% of its profit as dividend in FY26.

Is MRF LTD debt-free?

No. It reported borrowings of ₹2,367 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹2,062 Cr after cash. Debt stands at 0.11× equity. That is lower than 67% of its 16 Tyres & Rubber Products peers.

Is MRF LTD expensive compared with its peers?

On trailing P/E, MRF LTD ranks 5 of 13 in Tyres & Rubber Products — cheaper than 67% of them, against an industry median of 25.6×. This is a position, not a valuation judgement.

How much does the MRF LTD share price move in a day?

On a typical session MRF LTD moves 0.75% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track MRF LTD's announcements?

Every NSE and BSE filing by MRF LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.