Arthneeti

MRF Share Price & Earnings Call Analysis

₹1,17,690.00+0.66% today
Market cap
₹49,914 Cr
P/E
20.25
ROE
12.51%
PEG
0.39
Price to sales
1.56
Debt to equity
0.15
52W high / low
₹158,765 / ₹116,775
Sales growth (5Y)
14.02%
EBITDA margin
15.12%
Net profit margin
7.95%
Promoter holding
27.61%
Sales (last year)
₹31,889 Cr

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

Potential multibaggers · Q2 FY27

Potential multibaggers in Auto Components
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does MRF Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Auto Components companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹2,874 Cr45.4
240%+Flat₹2,116 Cr55.2
340%+Flat₹370 Cr15.1
420–40%Up 2%+₹25,664 Cr73.6
520–40%Up 0–2%₹21,742 Cr33.9
620–40%Up 0–2%₹11,707 Cr41.0

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Financials of MRF Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of MRF Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +5,8426,4406,2176,1626,3497,1966,8817,0017,0757,6767,3798,0508,044
Expenses +4,9885,3105,0605,1085,4376,0375,8706,1666,0006,6046,2536,6516,739
Operating Profit8541,1301,1571,0559121,1601,0118351,0741,0711,1261,4001,305
OPM %15%18%19%17%14%16%15%12%15%14%15%17%16%
Other Income +7075717894841139811512610850153
Interest92848690938584949898909186
Depreciation330333351360385396410415433429445438442
Profit before tax501787791682527763631424659670699920930
Tax %32%25%26%25%25%25%25%26%23%25%25%25%24%
Net Profit +341589587510396571471315510500526695702
EPS in Rs803.191,388.201,383.271,201.83933.961,346.401,109.85743.791,203.701,180.051,239.401,637.781,655.82

Financials of MRF Ltd

Profit & Loss

Annual income statement trend

Sep 2014Mar 2016 18mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +13,32920,17913,41214,95416,06216,23716,16219,31723,00825,16928,15231,149
Expenses +11,38415,74310,76312,66513,74413,85513,20817,25620,60420,89624,05826,248
Operating Profit1,9454,4372,6492,2882,3172,3822,9542,0612,4044,2724,0954,901
OPM %15%22%20%15%14%15%18%11%10%17%15%16%
Other Income +63317327330416335205315245306406441
Interest232361257259273301282263326361368366
Depreciation4247376117078089821,1411,2051,2531,4301,6541,754
Profit before tax1,3533,6562,1091,6531,6521,4341,7379081,0702,7872,4793,222
Tax %33%31%30%32%32%1%26%26%28%25%25%25%
Net Profit +9082,5091,4861,1321,1311,4231,2776697692,0811,8692,426
EPS in Rs2,141.715,916.933,504.332,668.202,665.823,354.223,011.151,577.961,813.044,907.264,407.545,720.45
Dividend Payout %2%2%2%2%2%3%5%10%10%4%5%4%

Financials of MRF Ltd

Balance Sheet

Capital structure and asset base

Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital444444444444
Reserves4,5357,2208,6379,73410,83312,21013,40914,02814,70316,69918,48420,970
Borrowings +1,9032,4642,3332,1632,5061,8542,3883,2293,0142,8223,7713,207
Other Liabilities +3,3913,5664,0754,5775,0985,3736,7805,7996,6487,3257,3077,772
Total Liabilities9,83313,25415,04816,47818,44119,44222,58223,06024,36926,84929,56731,954
Fixed Assets +3,4364,6085,5026,0926,7868,8709,4419,52210,11812,04613,22112,966
CWIP6281,0598481,0791,4031,7411,0021,2333,0462,3851,1691,034
Investments1,0813,1383,3824,1453,8551,5195,8743,6563,0853,3834,5483,398
Other Assets +4,6884,4485,3165,1626,3977,3126,2658,6488,1209,03610,62914,555
Total Assets9,83313,25415,04816,47818,44119,44222,58223,06024,36926,84929,56731,954

Financials of MRF Ltd

Cash Flows

Operating, investing and financing cash movement

Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1,6993,0431,9562,4131,2532,2714,325-5782,7553,3031,8684,590
Cash from Investing Activity +-1,791-3,408-1,393-2,014-1,386-162-5,087169-1,922-2,381-2,082-3,536
Cash from Financing Activity +67212-438-45342-1,032-250424-840-868282-1,120
Net Cash Flow-24-152125-53-911,077-1,01214-65568-66
Free Cash Flow454737590849-710-4793,473-2,283-5351,1415733,164
CFO/OP109%95%89%126%72%114%164%-18%128%94%60%108%

Financials of MRF Ltd

Ratios

Working capital efficiency and return ratios

Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days473354525452484440424442
Inventory Days79621188811311011512098108115101
Days Payable5036696364721296058645760
Cash Conversion Cycle7658103781029034104808610183
Working Capital Days3014-125-4110-83843
ROCE %27%49%23%17%15%13%14%6%7%17%14%16%
17out of 100

Momentum score · price trend

17 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−25.8%28%
Last 6 months−9.5%39%
Last 3 months−12.6%38%

The price is 28% below its all-time high of ₹1,62,295 (23 Oct 2025). Stocks more than 20% below their peak have their score halved, so 34 became 17.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For MRF Ltd: 0.4 × 28 + 0.4 × 39 + 0.2 × 38 = 34, halved to 17 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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