MRF Ltd
MRF Ltd (MRF) last reported results for the quarter ended Jun 2026, with sales of ₹8,416 crore and net profit of ₹495 crore. The stock last traded at ₹1,22,090, a market capitalisation of ₹51,803 crore, on a P/E of 21.0. Over the past 52 weeks the stock has ranged between ₹1,21,500 and ₹1,63,600. Figures are as of 9 Oct 2026 and are not real time.
MRF Ltd share price and key metrics
- Current price
- ₹1,22,090
- Market cap
- ₹51,803 cr
- Stock P/E
- 21.0
- Book value
- ₹49,455
- ROE
- 12.5%
- ROCE
- 15.7%
- Dividend yield
- 0.19%
- 52w high / low
- 163600/121500
Metrics as of 9 Oct 2026. Not real time.
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MRF Ltd growth and returns
- 10 Years
- 4%
- 5 Years
- 14%
- 3 Years
- 11%
- TTM
- 11%
- 10 Years
- 0%
- 5 Years
- 14%
- 3 Years
- 52%
- TTM
- 37%
- 10 Years
- 9%
- 5 Years
- 7%
- 3 Years
- 4%
- 1 Year
- -22%
- 10 Years
- 11%
- 5 Years
- 10%
- 3 Years
- 12%
- Last Year
- 13%
MRF Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹8,416 cr, up 9.6% from ₹7,676 cr a year earlier. Net profit was ₹495 cr, down 1.4% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 6,881 | 7,001 | 7,075 | 7,676 | 7,379 | 8,050 | 8,044 | 8,416 |
| Expenses | 5,870 | 6,166 | 6,000 | 6,605 | 6,253 | 6,651 | 6,739 | 7,425 |
| Operating profit | 1,011 | 835 | 1,074 | 1,070 | 1,126 | 1,400 | 1,305 | 991 |
| OPM % | 15% | 12% | 15% | 14% | 15% | 17% | 16% | 12% |
| Other income | 113 | 98 | 115 | 129 | 108 | 50 | 153 | 195 |
| Interest | 84 | 94 | 98 | 98 | 90 | 91 | 86 | 88 |
| Depreciation | 410 | 415 | 433 | 429 | 445 | 438 | 442 | 448 |
| Profit before tax | 631 | 424 | 659 | 672 | 699 | 920 | 930 | 650 |
| Tax % | 25% | 26% | 23% | 25% | 25% | 25% | 24% | 24% |
| Net profit | 471 | 315 | 510 | 502 | 526 | 695 | 702 | 495 |
| EPS (₹) | 1,109.85 | 743.79 | 1,203.70 | 1,183.23 | 1,239.40 | 1,637.78 | 1,655.82 | 1,167.98 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
MRF Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 13,412 | 14,954 | 16,062 | 16,237 | 16,162 | 19,317 | 23,008 | 25,169 | 28,152 | 31,149 | 31,889 |
| Operating profit | 2,649 | 2,288 | 2,317 | 2,382 | 2,954 | 2,061 | 2,404 | 4,272 | 4,090 | 4,910 | 4,821 |
| OPM % | 20% | 15% | 14% | 15% | 18% | 11% | 10% | 17% | 15% | 16% | 15% |
| Net profit | 1,486 | 1,132 | 1,131 | 1,423 | 1,277 | 669 | 769 | 2,081 | 1,873 | 2,426 | 2,418 |
| EPS (₹) | 3,504.33 | 2,668.20 | 2,665.82 | 3,354.22 | 3,011.15 | 1,577.96 | 1,813.04 | 4,907.26 | 4,416.97 | 5,720.43 | 5,700.98 |
TTM is the trailing twelve months to the most recent quarter.
MRF Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | 8,637 | 9,734 | 10,833 | 12,210 | 13,409 | 14,028 | 14,703 | 16,699 | 18,606 | 20,970 |
| Borrowings | 2,333 | 2,163 | 2,506 | 1,854 | 2,388 | 3,229 | 3,014 | 2,822 | 3,771 | 3,207 |
| Other liabilities | 4,075 | 4,577 | 5,098 | 5,373 | 6,780 | 5,799 | 6,648 | 7,325 | 7,308 | 7,772 |
| Total liabilities | 15,048 | 16,478 | 18,441 | 19,442 | 22,582 | 23,060 | 24,369 | 26,849 | 29,689 | 31,954 |
| Fixed assets | 5,502 | 6,092 | 6,786 | 8,870 | 9,441 | 9,522 | 10,118 | 12,046 | 13,223 | 12,966 |
| CWIP | 848 | 1,079 | 1,403 | 1,741 | 1,002 | 1,233 | 3,046 | 2,385 | 1,169 | 1,034 |
| Investments | 3,382 | 4,145 | 3,855 | 1,519 | 5,874 | 3,656 | 3,085 | 3,383 | 4,548 | 3,398 |
| Other assets | 5,316 | 5,162 | 6,397 | 7,312 | 6,265 | 8,648 | 8,120 | 9,036 | 10,750 | 14,555 |
| Total assets | 15,048 | 16,478 | 18,441 | 19,442 | 22,582 | 23,060 | 24,369 | 26,849 | 29,689 | 31,954 |
As reported by the company. Total assets equal total liabilities by construction.
MRF Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,956 | 2,413 | 1,253 | 2,271 | 4,325 | -578 | 2,755 | 3,303 | 1,865 | 4,590 |
| Cash from investing | -1,393 | -2,014 | -1,386 | -162 | -5,087 | 166 | -1,922 | -2,381 | -2,077 | -3,539 |
| Cash from financing | -438 | -453 | 42 | -1,032 | -250 | 424 | -840 | -868 | 282 | -1,120 |
| Net cash flow | 125 | -53 | -91 | 1,077 | -1,012 | 12 | -6 | 55 | 70 | -69 |
| Free cash flow | 590 | 849 | -710 | -479 | 3,473 | -2,283 | -535 | 1,141 | 569 | 3,164 |
| CFO / operating profit | 89% | 126% | 72% | 114% | 164% | -18% | 128% | 94% | 60% | 107% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
MRF Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 23% | 17% | 15% | 13% | 14% | 7% | 7% | 17% | 14% | 16% |
| Debtor days | 54 | 52 | 54 | 52 | 48 | 44 | 40 | 42 | 44 | 42 |
| Inventory days | 118 | 88 | 113 | 110 | 115 | 120 | 98 | 108 | 115 | 101 |
| Days payable | 69 | 63 | 64 | 72 | 129 | 60 | 58 | 64 | 57 | 60 |
| Cash conversion cycle | 103 | 78 | 102 | 90 | 34 | 104 | 80 | 86 | 101 | 83 |
| Working capital days | 4 | -1 | 2 | 5 | -41 | 10 | -8 | 3 | 8 | 7 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
MRF Ltd shareholding pattern
Promoters held 27.76% at Jun 2026, broadly unchanged since Jun 2025. FIIs 17.43% and DIIs 12.11%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 27.76% | 27.80% | 27.78% | 27.78% | 27.75% | 27.73% | 27.77% | 27.76% |
| FIIs | 18.68% | 18.20% | 17.54% | 18.67% | 18.27% | 18.18% | 17.98% | 17.43% |
| DIIs | 11.68% | 12.00% | 12.22% | 11.66% | 12.38% | 12.50% | 12.25% | 12.11% |
| Public | 41.88% | 42.02% | 42.46% | 41.88% | 41.60% | 41.58% | 41.98% | 42.71% |
| No. of shareholders | 48,576 | 52,964 | 61,320 | 50,253 | 48,074 | 49,218 | 58,110 | 68,876 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
MRF Ltd corporate filings
- SEBI Regulation 30 Disclosure by MRF Ltd; No financial or operational details providedCompany Updatelow impact
Cruxal's analysis: MRF Ltd has issued a regulatory disclosure under SEBI Regulation 30, with attached…
Read the full analysis - Details attached.Company Updatelow impact
- Trading Window Closure IntimationInsider Trading / SASTlow impact
- MRF Ltd: Newspaper publication of financial results disclosureCompany Updatelow impact
Cruxal's analysis: MRF Ltd has fulfilled its regulatory obligation under Regulation 30 of the SEBI (LODR)…
Read the full analysis - MRF Ltd files routine press release under Regulation 30Company Updatelow impact
Cruxal's analysis: MRF Ltd has submitted a press release under Regulation 30 of the SEBI (LODR) Regulations…
Read the full analysis - MRF Limited Reports Q1 FY2027 Financial Results and Senior Management AppointmentsResulthigh impact
Cruxal's analysis: MRF Limited reported consolidated revenue from operations of 8,415.50 crore for the…
Read the full analysis - MRF Limited announces successful conclusion of 65th AGM and approval of final dividend of INR 229 per shareAGM/EGMlow impact
Cruxal's analysis: MRF Limited has successfully concluded its 65th Annual General Meeting held on 6th August…
Read the full analysis - MRF Limited concludes 65th AGM; declares final dividend of 229 INR per shareAGM/EGMlow impact
Cruxal's analysis: MRF Limited has successfully concluded its 65th Annual General Meeting, where…
Read the full analysis
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