MRFAutomobile and Auto Components

MRF Limited

Tyres & Rubber Products · ISIN INE883A01011 · BSE 500290 · NSE EQ · FV ₹10
Last price
₹1,24,585
-0.34%today
What this company does

MRF Limited operates in Tyres & Rubber Products, part of the Automobile and Auto Components sector. It booked ₹8,416 cr of revenue in its latest quarter (Q1 FY27) and kept 5.9% of sales as profit. It is the largest of 8 Tyres & Rubber Products companies we track, by market value.

In the report:
56out of 100
Equitytale Health Score
Mixed

Healthier than 56% of companies in Automobile and Auto Components, on all six measures of filed financials. Each measure is ranked against the 9–48 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
26

At close. Not part of the score.

Profitability & returns27

How much profit it earns on the money it employs

Balance sheet59

How much it owes, and whether earnings cover the interest

Cash quality68

Whether reported profit actually arrives as cash

Growth & consistency70

Whether sales and profit have grown, and how steadily

Valuation75

What today's price implies, against our models or its peers

Governance & risk55

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 10% vs last year
Turns profit into real cash
Watch-outs
! Thin 5.9% net margin
! 0.1% of promoter stake pledged

What if I invest in MRF?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,24,585 -0.34%
latest close · 2026-09-17
1-year return
+62.7%
52-wk low ₹63,00052-wk high ₹1,35,800
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio26.7Average
LowAverageHigh
P/B ratio2.52Moderate
Below bookModerateHigh
EV / EBITDA11.6Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity9.4%Fair
WeakFairStrong ▸15%
Return on capital12.9%Fair
WeakFairStrong
Net margin5.9%Decent
ThinDecentStrong
EBITDA margin14.1%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.11Comfortable
LowModerateHigh ▸1
Interest cover8.4×Strong
RiskyOkayStrong ▸5×
Current ratio1.65Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹52,824 cr
Book value
₹49,468
EPS
₹1,167.97
latest quarter
Net debt
₹2,062 cr
owes more than its cash
Enterprise value
₹54,887 cr
EBITDA
₹4,743 cr
annualised
EBIT
₹2,952 cr
annualised
Operating margin
8.8%
Return on assets
6.2%
Earnings yield
3.75%
P/S
1.57
Sales / share
₹79,391.5
Tax rate
23.8%
Face value
₹10
Shares
0.4 cr
Working capital
₹5,810 cr
Current assets
₹14,817 cr
Current liabilities
₹9,006 cr
Delivery %
51.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 3 models ₹77,549 vs market price ₹1,24,585 — price is 61% above it
Safety cushion-60.7%(target ≥ +20%)
Models span ₹52,148₹1,20,009, midpoint ₹77,549
Model ₹77,549
Price ₹1,24,585
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹8,416 cr
Other Income₹195 cr
Total Income₹8,611 cr
Cost of Materials₹5,854 cr
Purchases of Stock-in-Trade₹8 cr
Inventory Change (±)₹-263 cr
Employee Benefit Expense₹500 cr
Finance Costs₹88 cr
Depreciation & Amortisation₹448 cr
Other Expenses₹1,326 cr
Total Expenses₹7,961 cr
Profit before Tax₹650 cr
Tax Expense₹154 cr
Net Profit₹495 cr
Net margin on total income5.8%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹5,600 cr65.0%
Employee benefit expense₹500 cr5.8%
Finance costs₹88 cr1.0%
Depreciation & amortisation₹448 cr5.2%
Other expenses₹1,326 cr15.4%
Tax expense₹154 cr1.8%
Profit for the period₹495 cr5.8%
Total income ₹8,611 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue8,050 cr8,044 cr8,416 cr
Total income8,175 cr8,183 cr8,611 cr
Expenses7,180 cr7,268 cr7,961 cr
Profit before tax917 cr930 cr650 cr
Tax226 cr227 cr154 cr
Net profit (owners' share)692 cr702 cr495 cr
Net margin (owners' share, on revenue)8.6%8.7%5.9%
EPS (₹)1,631.231,655.801,167.97
YoY (latest quarter): total income +10.4% · net profit -1.0%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹31,954 cr
Shareholder equity
₹20,975 cr
parent shareholders
Total debt
₹2,367 cr
Cash
₹305 cr
Cash flow · H1 FY26
Operating
₹1,870 cr
Investing
₹-1,594 cr
Financing
₹-451 cr
Peer comparison
Tyres & Rubber Products · by market value
CompanyPriceMarket capP/E
MRF Limitedthis company₹1,24,585₹52,824 cr26.7
Balkrishna Industries Limited₹2,171₹41,962 cr23.3
Apollo Tyres Limited₹412₹26,176 cr18.7
CEAT Limited₹3,431₹13,724 cr801.7
JK Tyre & Industries Limited₹349₹10,049 cr56.2
TVS Srichakra Limited₹4,886₹3,743 cr27.5
Tolins Tyres Limited₹88₹349 cr14.0
Modi Rubber Limited₹124₹310 cr18.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.19%
trailing 12 months
Dividend / share (TTM)
₹235
Last dividend
₹229
ex 17 Jul 2026
ActionDetailEx-date
Dividend₹229 / share17 Jul 2026
Dividend₹3 / share13 Feb 2026
Dividend₹3 / share21 Nov 2025
Dividend₹229 / share18 Jul 2025
Dividend₹3 / share14 Feb 2025
Dividend₹3 / share19 Nov 2024
Who owns it · 2026-06-30
0.1% pledged
Promoter
27.8%
FII / Foreign
17.4%
DII / Domestic
12.1%
Retail / others
42.7%
Smart-money activity
Insider trades
BoughtBraga Industries LLP · Promoters1,000 · ₹8.0 cr30 Jun 21
SoldMrs.Soma Philips · Promoters157 · ₹1.3 cr29 Jun 21
BoughtBraga Industries LLP · Promoters995 · ₹8.0 cr29 Jun 21
Bulk / block deals
short · NSE525 Aug 26
short · NSE124 Jul 26
short · NSE118 Jun 26
Stake changes
BoughtSBI Mutual Fund under its Various Schemes→ 5.01% · 5,1769 Feb 23
SoldENAM Securities Pvt Ltd→ 4.78% · 10,91117 Mar 17
Promoter pledges
ReleasedCholamandalam Investment and Finance Company Ltd.2 · 0.00% held30 Mar 21
ReleasedCholamandalam Investment and Finance Company Ltd1,398 · 0.03% held21 Dec 20
PledgedCholamandalam Investment and Finance Company Ltd1,000 · 0.01% held20 Oct 20
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 28 Mar 2026
See the official result
1
Revision in the terms of Remuneration of Mr. K M Mammen (DIN: 00020202), Chairman and Managing Director of the Company
Backed by 81% of shareholders other than promotersneeded 75%
18.50 L votes for, 4.31 L against · 38% of mutual funds and other big investors said no
2
Revision in the terms of Remuneration of Mr. Arun Mammen (DIN: 00018558), Vice Chairman and Managing Director of the Company
Backed by 82% of shareholders other than promotersneeded 50%
18.64 L votes for, 4.16 L against · 36% of mutual funds and other big investors said no
3
Revision in the terms of Remuneration of Mr. Rahul Mammen Mappillai (DIN: 03325290), Managing Director of the Company
Backed by 82% of shareholders other than promotersneeded 50%
18.59 L votes for, 4.22 L against · 37% of mutual funds and other big investors said no
4
Revision in the terms of Remuneration of Mr. Samir Thariyan Mappillai (DIN:07803982), Whole-time Director of the Company
Backed by 82% of shareholders other than promotersneeded 50%
18.59 L votes for, 4.22 L against · 37% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 117 named members
owning 26.9% between them · as of 2026-06-30
COMPREHENSIVE INVESTMENT AND FINANCE COMPANY PVT. LTD.10.42%
PENINSULAR INVESTMENTS PRIVATE LIMITED2.93%
K M MAMMEN [SINGLY] & K M MAMMEN [JOINTLY WITH ARUN MAMMEN]1.26%
BRAGA INDUSTRIES LLP0.69%
ARUN MAMMEN0.65%
MEERA PHILIP0.55%
JCEE MANUFACTURING AND SERVICES PVT LTD0.54%
BEEBI MAMMEN0.48%
Business done with them
FY2025 · 10 of the group
The company paid ₹239 cr to companies in the promoter group last year — about 0.8% of its ₹28,153 cr revenue and received ₹21 L back from them.
Braga Industries Llp
Bought goods from them · Purchase of RM/Components/Machinery
also owns 0.69% of the company
₹139 cr
company paid
Mr. Arun Mammen
Paid them for services · Remuneration
also owns 0.65% of the company
₹27 cr
company paid
Mr. Rahul Mammen Mappillai
Paid them for services · Remuneration
also owns 0.11% of the company
₹24 cr
company paid
Devon Machines private limited
Bought goods from them · Purchase of RM/Components/Machinery
also owns 0.02% of the company
₹19 cr
company paid
Mr. Varun Mammen
Paid them for services · Remuneration
also owns 0.25% of the company
₹12 cr
company paid
Mr. Samir Thariyan Mappillai
Paid them for services · Remuneration
also owns 0.11% of the company
₹12 cr
company paid
Mrs. Meera Mammen
Paid them for services · Remuneration
also owns 0.33% of the company
₹3 cr
company paid
JCEE MANUFACTURING AND SERVICES PRIVATE LIMITED
Paid them for services · Payment towards services
also owns 0.54% of the company
₹2 cr
company paid
Braga Industries Llp
Paid them for services · Purchase of RM/Components/Machinery
also owns 0.69% of the company
₹50 L
company paid
Braga Industries Llp
Sold goods to them · Purchase of RM/Components/Machinery
also owns 0.69% of the company
₹21 L
company received
ZACHARIAH KURIYAN
Paid them for services · Professional Services
also owns 0.08% of the company
₹6 L
company paid
GEORGE MAMMEN
Paid them for services · Professional Services
also owns 0.02% of the company
₹6 L
company paid

The company also transacted with 17 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.