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NSE MRF · BSE 500290 · Tires · NIFTY 500

MRF Share Price

Market closed · updated 25 Sep, 4:46 PM IST
₹1,23,990.00 ▼ −₹560.48 · 0.45% NSE · as of 24 Sep 2026, 8:48 AM · BSE ₹1,24,005.00
Today's range
₹1,23,770.35Low₹1,24,990.00High
52-week range
₹1,22,000.00Low · 29 May 2026₹1,63,500.00High · 24 Oct 2025

MRF Overview

Where the price stands, how it has moved and how it sits against its averages.

MRF shares last traded at ₹1,23,990.00 on the NSE, down 0.45% on the day. That is 24.2% below the 52-week high of ₹1,63,500.00 and 1.6% above the 52-week low of ₹1,22,000.00. The stock trades at 22.39× earnings, below the sector average of 31.45. Its market value is ₹52,635 Cr.

Price returns

1 Day▼ −0.45%
5 Days▼ −0.34%
This month▼ −6.85%
3 Months▼ −4.26%
6 Months▼ −4.15%
This year▼ −18.50%
1 Year▼ −20.11%

Against the market: 1 Month ▼ −3.40% · 3 Months ▼ −1.49% · 6 Months ▼ −3.58% · This year ▼ −7.18% · 1 Year ▼ −12.34%

Shading grows with the size of the move. Prices refresh every 15 minutes while the market is open (9:15 AM–3:30 PM IST); next update from Mon 28 Sep, 9:15 AM.

Moving averages — price is above 0 of 6

  1. 300-day average₹1,36,079.06 ▼ price 8.9% below
  2. 50-day average₹1,31,395.20 ▼ price 5.6% below
  3. 100-day average₹1,29,870.65 ▼ price 4.5% below
  4. 20-day average₹1,29,404.00 ▼ price 4.2% below
  5. 10-day average₹1,26,380.50 ▼ price 1.9% below
  6. 5-day average₹1,24,978.00 ▼ price 0.8% below
  7. Today's price₹1,23,990.00

Averages above today's price sit higher on the ladder. Price above most of its averages is usually read as an upward trend.

MRF Financial Results

Revenue and net profit in ₹ crore, with the full statements underneath.

Revenue₹ crore
31,149
Net profit₹ crore · losses below zero
2,426

Year by year

Fiscal yearRevenueGrowthNet profitNet marginEPSDividend
FY 2026 ₹31,149 Cr ▲ +10.6% ₹2,426 Cr 7.8% ₹5,720.39 ₹235.00
FY 2025 ₹28,153 Cr ▲ +11.9% ₹1,873 Cr 6.7% ₹4,416.95 ₹235.00
FY 2024 ₹25,169 Cr ▲ +9.4% ₹2,081 Cr 8.3% ₹4,907.24 ₹200.00
FY 2023 ₹23,009 Cr ▲ +19.1% ₹769 Cr 3.3% ₹1,813.10 ₹175.00
FY 2022 ₹19,317 Cr ▲ +19.5% ₹669 Cr 3.5% ₹1,577.97 ₹150.00
FY 2021 ₹16,163 Cr ▼ −0.5% ₹1,277 Cr 7.9% ₹3,011.15 ₹100.00
FY 2020 ₹16,239 Cr — ₹1,423 Cr 8.8% ₹3,354.21 ₹97.00

Balance sheet — FY26

Owes (liabilities)Shareholders' equity
34%
66%
  • Total assets₹31,954 Cr
  • Total liabilities₹10,979 Cr
  • Shareholders' equity₹20,975 Cr
  • Total debt₹3,189 Cr
  • Cash & investments₹5,228 Cr
  • Current ratio1.65×
  • Revenue growth, 5 yr14.02% a year
  • EPS growth, 5 yr13.69% a year
  • Operating margin (TTM)9.36%
  • Net margin (TTM)7.59%

Cash flow — FY26

Operating activities
▲ ₹4,590 Cr
Investing activities
▼ −₹3,661 Cr
Financing activities
▼ −₹1,120 Cr
Free cash flow
▲ ₹3,156 Cr
Net change in cash
▼ −₹69 Cr

Right of the line = cash coming in, left = cash going out. Free cash flow = cash from operations minus capital spending.

Full financial statements, FY20–FY26
₹ croreFY20FY21FY22FY23FY24FY25FY26
Total revenue16,239.3616,163.1919,316.7223,008.5025,169.2128,153.0031,149.01
Cost of revenue10,711.8710,243.6713,900.3116,993.3116,695.3119,661.7721,334.38
Gross profit5,527.495,919.525,416.416,015.198,473.908,491.239,814.63
Operating expenses14,823.3614,301.4218,407.7621,840.0322,314.5825,673.3628,036.63
Operating income1,416.001,861.77908.961,168.472,854.632,479.643,112.38
Depreciation982.321,140.771,205.051,253.051,429.971,653.551,753.63
Profit before tax1,434.251,736.84907.931,069.742,787.422,483.003,222.14
Tax11.68459.77238.69300.78706.19609.71796.04
Net profit1,422.571,277.07669.24768.962,081.231,873.292,426.10
EPS (₹)3,354.213,011.151,577.971,813.104,907.244,416.955,720.39
Dividend per share (₹)97.00100.00150.00175.00200.00235.00235.00

What Analysts Say

11 analysts

Recommendations from 11 analysts who cover MRF.

Hold average rating 3.27 on a 1–5 scale

▲ 5 bullish (45.5%) · 2 hold (18.2%) · ▼ 4 bearish (36.4%)

Votes

Strong Buy
0 (0%)
Buy
5 (45%)
Hold
2 (18%)
Sell
0 (0%)
Strong Sell
4 (36%)

How the votes changed

Rating3M ago2M ago1M ago1W agoNow3-month change
Strong Buy00000 —
Buy33555 ▲ +2
Hold22222 —
Sell11000 ▼ −1
Strong Sell44444 —

Analyst ratings are opinions, not a guarantee of returns.

MRF vs Peers

Side by side with other tires companies. The small bars compare each column.

CompanyPriceChangeMarket capP/EP/BROE (5 yr)Net marginDiv. yieldRating
MRF ₹1,23,990.00 ▼ −0.45% ₹52,635 Cr 22.39 2.52 9.62% 7.59% 0.19% This stock
Balkrishna Industries ₹2,169.05 ▼ −1.34% ₹41,931 Cr 32.14 3.64 16.26% 11.49% 0.77% Bearish
Apollo Tyres ₹398.05 ▼ −1.95% ₹25,206 Cr 13.25 1.63 8.80% 4.82% 1.39% Bearish
CEAT ₹3,367.00 ▼ −1.93% ₹13,649 Cr 19.15 2.85 10.73% 3.58% 0.85% Bearish
JK Tyre & Industries ₹348.50 ▼ −1.90% ₹10,082 Cr 13.01 1.92 12.68% — 0.99% Bearish
TVS Srichakra ₹4,475.25 ▼ −4.01% ₹3,411 Cr 45.25 2.66 6.05% 1.95% 0.41% Neutral

Rating = the data provider's overall technical view of each peer. Company names link to their own pages.

Shareholding Pattern

Who owns MRF shares, quarter by quarter (latest on top).

PromoterFIIMFOther
Jun '26
27.8%
17.4%
47.7%
Mar '26
Dec '25
Sep '25
HolderSep '25Dec '25Mar '26Jun '26Change
Promoter27.74%27.73%27.77%27.77% 0.00 pts
FII18.27%18.18%17.98%17.43% ▼ −0.55 pts
MF8.27%8.04%7.74%7.08% ▼ −0.66 pts
Other45.72%46.05%46.51%47.72% ▲ +1.21 pts

MRF Key Metrics

Each ratio placed against a benchmark — the sector average, the company's own 5-year average, or a common rule of thumb.

MRFBenchmarkComfortable → stretched

Valuation Is the price reasonable?

P/E (TTM)Price ÷ yearly earnings per share
22.39
▼ 29% below the sector average of 31.45
P/E, 12-month rangeLow 22.39 · high 63.27
0%
Today's P/E sits 0% of the way from its low to its high
P/BPrice ÷ book value per share
2.52
P/SPrice ÷ sales per share
1.66
P/CFPrice ÷ cash flow per share
12.60
PEGP/E ÷ earnings growth (≈1 is fair)
0.47

Profitability Of every ₹100 of sales, how much is kept?

Gross marginKept after the cost of goods
36.86%
▲ above its 5-yr average of 30.14%
Operating marginKept after running costs
9.36%
▲ above its 5-yr average of 8.30%
Pre-tax marginKept before tax
10.04%
▲ above its 5-yr average of 8.26%
Net marginKept as profit
7.59%
▲ above its 5-yr average of 6.17%

Returns & efficiency How well does it use its money?

Return on equityProfit on shareholders' money
12.26%
▲ above its 5-yr average of 9.62%
Return on assetsProfit on everything it owns
7.87%
▲ above its 5-yr average of 5.96%
Return on investmentProfit on long-term capital
11.11%
▲ above its 5-yr average of 8.50%

Growth Is the business getting bigger?

Revenue — last 12 months
+11.4%
▲ growing
Revenue — 3 yr, a year
+10.6%
▲ growing
Revenue — 5 yr, a year
+14.0%
▲ growing
EPS — last 12 months
+34.3%
▲ growing (off the scale)
EPS — 3 yr, a year
+46.7%
▲ growing (off the scale)
EPS — 5 yr, a year
+13.7%
▲ growing
Dividend — 3 yr, a year
+10.3%
▲ growing
Book value — 5 yr, a year
+9.4%
▲ growing

Financial strength Can it pay its bills and debts?

Debt to equityBorrowings for every ₹1 of shareholders' money
0.15×
✓ Low debt
Current ratioShort-term assets for every ₹1 due within a year
1.65×
✓ Comfortable
Quick ratioLike the current ratio, without inventory
1.04×
✓ Comfortable
Interest coverOperating profit ÷ interest to pay
8.56×
✓ Strong
Payout ratioShare of profit paid as dividend
4.11%
• Keeps most

Per share What each share stands for

EPS (TTM)
₹5,708.32
Book value
₹49,939.43
Cash flow
₹9,887.67
Dividend
₹235.00
Revenue
₹75,189.27

The share price is 2.48× the book value behind each share.

Benchmarks: sector averages and 5-year averages come from the data provider; the debt and liquidity bands are common rules of thumb, not investment advice.

All 111 metrics from the data provider

Valuation

P/E excluding extraordinary items, most recent fiscal year21.78
Current Dividend Yield - Common Stock Primary Issue, LTM0.19
Price to Book - most recent fiscal year2.52
P/E Basic excluding extraordinary items - TTM22.39
P/E including extraordinary items - TTM21.82
P/E excluding extraordinary items low, trailing 12 months22.39
Price to Tangible Book - most fiscal year2.52
Dividend Yield - 5 Year Average0.19
Price to sales - most recent fiscal year1.70
Dividend Yield - indicated annual dividend divided by closing price0.19
Price to Cash Flow per share - trailing 12 month12.60
Peg Ratio0.47
Price to Free Cash Flow per Share - most recent fiscal year17.29
P/E Normalized, most recent fiscal year21.26
P/E excluding extraordinary items high, trailing 12 months63.27
P/E excluding extraordinary items, most recent fiscal year quarter21.82
Price to sales - trailing 12 month1.66
Net Debt, LFY−20,390.80

Per share

Dividend Per Share - 5 year average199.00
Cash Flow per share - trailing 12 month9,887.67
Cash Flow per share - most recent fiscal year9,855.20
EPS including extraordinary items - trailing 12 month5,708.32
EPS including extraordinary items - most recent fiscal year5,720.39
EBITD per share - trailing 12 month11,364.80
Revenue/share - trailing 12 month75,189.27
EPS excluding extraordinary items - trailing 12 month5,708.32
EPS Basic excluding extraordinary items - most recent fiscal year5,720.39
EPS Basic excluding extraordinary items - trailing 12 month5,708.32
Book value per share - most recent fiscal year49,455.00
Dividend per share - most recent fiscal year235.00
Revenue/share - most recent fiscal year73,444.90
EPS Normalized - most recent fiscal year5,859.88
Book value (tangible) per share - most recent fiscal year49,403.37
Dividends per share - trailing 12 month235.00
EPS excluding extraordinary items - most recent fiscal year5,720.39
Cash per share - most recent fiscal year12,327.96

Margins

Operating margin - trailing 12 month9.36
Gross Margin - 5 year average30.14
Operating margin - 1st historical fiscal year9.99
Operating Margin - 5 year average8.30
Net Profit Margin % - 1st historical fiscal year7.79
Gross Margin - 1st historical fiscal year31.51
Net Profit Margin % - trailing 12 month7.59
Net Profit Margin - 5 year average6.17
Pretax Margin - 5 year average8.26
Pretax margin - 1st historical fiscal year10.34
Pretax margin - trailing 12 month10.04
Free Operating Cash Flow/Revenue, 5 Year Average1.30
Gross Margin - trailing 12 month36.86

Growth

EPS Change %, TTM over TTM34.29
Revenue growth rate, 5 year14.02
EPS growth rate, 5 year13.69
Revenue Change % - most recent quarter 1 year ago9.64
Growth rate% - dividend, 3 year10.33
Growth rate% - EPS, 3 year46.67
Revenue/share (5 yr growth)14.02
Free Operating Cash Flow, 5 Year CAGR−2.28
Tangible Book Value, Total Equity, 5 Year CAGR9.37
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year Interim CAGR8.77
Capital Spending growth rate, 5 year10.96
Revenue Change %, TTM over TTM11.37
Growth rate% - Revenue, 3 year10.62
Book value per share growth rate, 5 year9.35
EPS Change % - most recent quarter 1 year ago−1.02
Net Profit Margin growth rate, 5 year−0.29
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR10.42
Total Debt, 5 Year CAGR6.19

Financial strength

Free Cash Flow - most recent fiscal year30,563.90
LT debt/equity - most recent fiscal year0.04
Quick ratio - most recent fiscal year1.04
Payout ratio - trailing 12 month4.12
Current ratio - most recent fiscal year1.65
Current EV/Free Cash Flow, LFY19.20
Total debt/total equity - most recent fiscal year0.15
Net Interest coverage - trailing 12 month8.56
Payout ratio - most recent fiscal year4.11

Returns & efficiency

Return on average equity - 5 year average9.62
Net Income/employee - trailing 12 month14,86,815.00
Revenue/employee - most recent fiscal year1,82,51,550.00
Return on investment - most recent fiscal year11.11
Return on average assets - most recent fiscal year7.87
Receivables turnover - most recent fiscal year8.84
Inventory turnover - most recent fiscal year3.86
Revenue/employee - trailing 12 month1,95,84,120.00
Return on average assets - 5 year average5.96
Net Income/employee - most recent fiscal year14,21,557.00
Asset turnover - most recent fiscal year1.01
Return on average equity - most recent fiscal year12.26
Return on investment - 5 year average8.50

Price & volume

Market Cap52,638.86
52 week Low Date29 May 2026
Price - 1 Day % Change−0.15
Relative (S&P500) price percent change - 13 week−1.49
Avg trading volume last 10 days0.00
Price - 13 week price percent change−4.26
Price - 52 week price percent change−20.11
Avg Trading Volume Last 3 months0.11
Price - 5 Day % Change−0.34
Price % Change Month To Date−6.85
Relative (S&P500) price percent change - 04 week−3.40
52 week High Date24 Oct 2025
Price - 26 week price percent change−4.15
PDATE23 Sep 2026
Price - YTD price percent change−18.50
Relative (S&P500) price percent change - 52 week−12.34
NPRICE1,24,580.00
Relative (S&P500) price percent change - 26 week−3.58
52 week Low1,22,000.00
52 week High1,63,600.00
Beta1.16
Relative (S&P500) price percent change - Year to Date−7.18

Dividends & Corporate Events

Payouts to shareholders, splits and bonus issues, and company meetings — newest first.

Dividend per share₹ per share, by fiscal year
₹235.00
₹235.00
  • Dividend yield0.19%
  • Payout ratio4.11%
  • 5-year average dividend₹199.00 a share
  • Latest dividend₹229.00 per share · 17 Jul 2026

Corporate calendar

  • BoardQuarterly Results
  • MeetingAnnual General Meeting
  • Dividend₹229.00 per share · 2,290% · Final dividend
  • BoardAudited Results & Final Dividend
  • MeetingPostal Ballot
  • Dividend₹3.00 per share · 30% · Interim dividend
  • BoardQuarterly Results & Interim Dividend
  • Dividend₹3.00 per share · 30% · Interim dividend
Show 14 older events
  • BoardQuarterly Results & Interim Dividend
  • BoardQuarterly Results
  • MeetingAnnual General Meeting
  • Dividend₹229.00 per share · 2,290% · Final dividend
  • BoardAudited Results & Final Dividend
  • Dividend₹3.00 per share · 30% · Interim dividend
  • BoardQuarterly Results & Interim Dividend
  • Dividend₹3.00 per share · 30% · Interim dividend
  • BoardQuarterly Results & Interim Dividend
  • MeetingAnnual General Meeting
  • Dividend₹194.00 per share · 1,940% · Final dividend
  • Dividend₹3.00 per share · 30% · Interim dividend
  • MeetingPostal Ballot
  • MeetingPostal Ballot

About MRF

Tires

MRF Limited is an India-based multinational tire maker. The Company is engaged in the manufacture of rubber products, such as tires, tubes, flaps, tread rubber. The Company's tires products include SHAKTI LIFE PLUS, SHAKTI LIFE, MUSCLEROK, SAND GRIP, STEEL MUSCLE-S3K4, MUSCLE-LIFT, PERFINZA CLX1, and others. The Company provides paints and coats, including Interior Wall Paints, Exterior Wall Paints, Primers, Multi-purpose Coatings, Wood Coating Interior, Wood Coating Exterior, and Special Coating. It offers a wide range of world-class motorsport tires for rally, circuit racing, kart-cross, student formula, go-kart and motocross competitions. The Company's subsidiaries include MRF Corp Ltd, MRF International Ltd, MRF Lanka (P) Ltd., and MRF SG PTE. LTD.

Key people

  • Kandathil Mammen MammenExecutive Chairman of the Board, Managing Director
  • Arun MammenExecutive Vice Chairman of the Board, Managing Director
  • Madhu P. NainanExecutive Vice President - Finance
  • Thulsidass T VVice President, General Counsel, Company Secretary
  • Rahul Mammen MappillaiManaging Director, Executive Director
  • Varun MammenWhole-Time Director

Company facts

  • NSE symbolMRF
  • BSE code500290
  • ISININE883A01011
  • IndustryTires
  • IndexNIFTY 500
  • Market cap₹52,635 Cr
  • Revenue (FY26)₹31,149 Cr
  • Net profit (FY26)₹2,426 Cr

In the News

Recent headlines about MRF — they open on Mint in a new tab.

Stock data comes from the exchange feed via our data provider and may be delayed. It is for information only and is not a recommendation to buy or sell. See all stocks →

Frequently Asked Questions

MRF (NSE: MRF) last traded at ₹1,23,990.00 on the NSE, down 0.45% (₹560.48) on the day, as of 24 Sep 2026, 8:48 AM. On the BSE it was ₹1,24,005.00. The day's range was ₹1,23,770.35 – ₹1,24,990.00.

MRF's 52-week high is ₹1,63,500.00 (24 Oct 2025) and its 52-week low is ₹1,22,000.00 (29 May 2026). At ₹1,23,990.00 the share is 24.2% below its high and 1.6% above its low.

MRF's market capitalisation is ₹52,635 Cr (₹52,635 Cr). It is part of the NIFTY 500 index.

MRF's P/E ratio (trailing 12 months) is 22.39. The sector average is 31.45, so investors pay 29% less for each rupee of its earnings than for the average company in its sector. Its earnings per share (TTM) are ₹5,708.32.

MRF shares are down 20.11% over the last year, down 18.50% so far this year, down 4.15% over 6 months, down 4.26% over 3 months. Over the last year the stock did 12.34% worse than the market.

In FY26 (year to Mar 2026), MRF reported revenue of ₹31,149 Cr (up 10.64% on the year before) and a net profit of ₹2,426 Cr. Earnings per share were ₹5,720.39.

Yes. MRF's latest dividend is ₹229.00 per share (2,290%, final dividend), with an ex-date of 17 Jul 2026. The dividend yield is 0.19%. It has paid 8 dividends in the records shown on this page.

Of 11 analysts covering MRF, 5 are bullish (0 strong buy, 5 buy), 2 say hold and 4 are bearish. The consensus is Hold (average rating 3.27 on a scale where 1 is Strong Buy and 5 is Strong Sell). Analyst views are opinions, not a guarantee.

As of Jun 2026: Promoter 27.77%, FII 17.43%, MF 7.08%, Other 47.72%.

MRF's listed peers in Tires include Balkrishna Industries, Apollo Tyres, CEAT, JK Tyre & Industries, TVS Srichakra. By market capitalisation it ranks #1 of 6 in this group.