MRF

Why is MRF Ltd. falling/rising?

As of 25-Aug, MRF Ltd. is facing a decline in its stock price, currently at 132,066.05, due to significant weaknesses in its recent financial performance, including a 34.6% drop in profit before tax and a 19.8% decrease in profit after tax. Despite some positive indicators, the overall sentiment remains negative due to underperformance compared to market indices and disappointing quarterly results.

As of 25-Aug, MRF Ltd. is experiencing a decline in its stock price, currently at 132,066.05, which reflects a change of -2211.25 or -1.65%. This downward movement can be attributed to several factors highlighted in the provided data. <BR><BR>Firstly, the company's recent financial performance has shown significant weakness, particularly in its quarterly results for June 26, where the profit before tax (PBT) fell by 34.6% compared to the previous four-quarter average, and the profit after tax (PAT) decreased by 19.8%. Additionally, the company's earnings before interest, taxes, depreciation, and amortization (PBDIT) reached its lowest at Rs 990.63 crore, indicating a concerning trend in profitability.<BR><BR>Moreover, MRF Ltd. has underperformed compared to broader market indices, generating a return of -10.00% over the past year, which is worse than the BSE500 index. This underperformance is compounded by the stock's recent performance, which has seen a decline of 1.03% over the past week, while the Sensex has gained 0.54% during the same period.<BR><BR>Despite some positive indicators, such as a rising investor participation with a delivery volume increase of 71.51% against the five-day average and a relatively low debt-to-equity ratio of 0.02, the overall sentiment remains negative due to the company's flat results and below-par performance in both the long and near term. The stock's current valuation metrics, while attractive compared to peers, have not been sufficient to offset the negative sentiment stemming from its recent financial results and historical underperformance.

Which are the latest news on MRF?

Who are in the management team of MRF?

The management team of MRF includes K M Mammen (Chairman & Managing Director), Arun Mammen (Vice Chairman & Managing Director), and Rahul Mammen Mappillai (Managing Director), along with several whole-time directors and a company secretary. The board also features various non-executive and independent directors overseeing the company's operations and strategy.

The management team of MRF includes the following key members:<BR><BR>1. **K M Mammen** - Chairman & Managing Director<BR>2. **Arun Mammen** - Vice Chairman & Managing Director<BR>3. **Rahul Mammen Mappillai** - Managing Director<BR>4. **Samir Thariyan Mappillai** - Whole-time Director<BR>5. **Varun Mammen** - Whole-time Director<BR>6. **S Dhanvanth Kumar** - Company Secretary & Compliance Officer<BR><BR>Additionally, the board features several non-executive and independent directors, including:<BR><BR>- Ashok Jacob<BR>- V Sridhar<BR>- Vijay R Kirloskar<BR>- Ranjit I Jesudasen<BR>- Salim Joseph Thomas<BR>- Jacob Kurian<BR>- Cibi Mammen<BR>- Ambika Mammen<BR>- Vimla Abraham<BR>- Vikram Taranath Hosangady<BR>- Ramesh Rangarajan<BR>- Dinshaw Keku Parakh<BR>- Prasad Oommen<BR>- Arun Vasu<BR>- Vikram Chesetty<BR><BR>This diverse team is responsible for overseeing the operations and strategic direction of the company.

What does MRF do?

MRF Ltd. is India's largest tyre manufacturer, classified as a Mid Cap company, with net sales of ₹8,416 Cr and a net profit of ₹495 Cr for June 2026. Key metrics include a P/E ratio of 23.00, a dividend yield of 0.18%, and a market cap of ₹55,520 Cr.

Overview:<BR>MRF Ltd. is India's largest tyre manufacturer operating in the Tyres & Rubber Products industry and classified as a Mid Cap company.<BR><BR>History:<BR>MRF Ltd. was incorporated in an unspecified year and has maintained its status as a leading tyre manufacturer. The latest quarterly results reported net sales and profit for June 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 8,416 Cr (Quarterly Results - Jun 2026)<BR>- Net Profit: 495 Cr (Quarterly Results - Jun 2026)<BR>- Market Cap: INR 55,520 Cr (Mid Cap)<BR><BR>Key Metrics:<BR>- P/E: 23.00<BR>- Industry P/E: 21<BR>- Dividend Yield: 0.18%<BR>- Debt-Equity: -0.10<BR>- Return on Equity: 11.79%<BR>- Price to Book: 2.64<BR><BR>Contact Details:<BR>- Address: New No 114, Greams Road Chennai Tamil Nadu : 600006<BR>- Tel: 91-44-28292777<BR>- Email: mrfshare@mrfmail.com<BR>- Website: http://www.mrftyres.com

Who are the peers of the MRF?

MRF's peers include Balkrishna Industries, Apollo Tyres, CEAT, JK Tyre & Industries, TVS Srichakra, Goodyear India, Megamont, Tolins Tyres, and Modi Rubber. In terms of management risk and growth, Balkrishna Industries and Goodyear India show excellent management, while MRF has average risk and growth, with Megamont leading in 1-year returns at 214.69%.

Peers: The peers of MRF are Balkrishna Inds, Apollo Tyres, CEAT, JK Tyre & Indust, TVS Srichakra, Goodyear India, Megamont, Tolins Tyres, and Modi Rubber.<BR><BR>Quality Snapshot: Excellent management risk is observed at Balkrishna Inds and Goodyear India, while Good management risk is found at Apollo Tyres, CEAT, JK Tyre & Indust, and TVS Srichakra, and Average management risk is present at MRF and Tolins Tyres. Below Average management risk is noted for Modi Rubber, and Megamont does not qualify. In terms of Growth, Excellent capital structure is seen at Balkrishna Inds, Goodyear India, and Tolins Tyres, while MRF and the rest have Average growth. Below Average growth is noted for Apollo Tyres, JK Tyre & Indust, and TVS Srichakra, with Modi Rubber also showing Below Average growth, and Megamont does not qualify.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Megamont at 214.69%, while the lowest is Goodyear India at -20.30%. MRF's own 1-year return is -5.66%, which is higher than Goodyear India's but lower than Megamont's. Additionally, peers with negative six-month returns include JK Tyre & Indust, Goodyear India, Tolins Tyres, and the rest.

How big is MRF?

As of 14th August, MRF Ltd. has a market capitalization of 55,596.00 Cr, with recent net sales of 31,888.87 Cr and a net profit of 2,417.84 Cr. Shareholder's funds are 20,974.56 Cr and total assets are 31,953.51 Cr.

As of 14th August, MRF Ltd. has a market capitalization of 55,596.00 Cr, categorizing it as a Mid Cap company.<BR><BR>In the latest four quarters, MRF reported Net Sales of 31,888.87 Cr and a Net Profit of 2,417.84 Cr.<BR><BR>For the latest annual period ending in March 2026, MRF's Shareholder's Funds amounted to 20,974.56 Cr, while Total Assets were reported at 31,953.51 Cr.

Should I buy, sell or hold MRF Ltd.?

When is the next results date for MRF Ltd.?

The next results date for MRF Ltd. is 11 August 2026.

The next results date for MRF Ltd. is scheduled for 11 August 2026.

Are MRF Ltd. latest results good or bad?

MRF Ltd.'s latest results show strong year-on-year growth with a 37.56% increase in net profit and a 13.70% rise in revenue, but there are concerns due to a slight sequential revenue decline and reduced operating margins, indicating potential challenges ahead. Overall, the outlook is cautious as the stock has underperformed the market.

MRF Ltd.'s latest results present a mixed picture. On the positive side, the company reported a net profit of ₹702.25 crore for Q4 FY26, which is a significant increase of 37.56% year-on-year. Additionally, revenue grew by 13.70% year-on-year to reach ₹8,044.22 crore, indicating strong topline momentum.<BR><BR>However, there are concerns regarding the company's performance as well. The revenue showed a slight sequential decline of 0.08% compared to the previous quarter, and the operating margin (excluding other income) decreased to 16.22%, down 117 basis points from the previous quarter. This margin compression raises questions about cost pressures, particularly from rising raw material prices and competitive dynamics in the market.<BR><BR>Furthermore, MRF's stock has underperformed the broader market, declining 7.60% over the past year, while the Sensex fell by only 3.59%. The stock is currently trading below all key moving averages, indicating a bearish technical trend.<BR><BR>In summary, while MRF has demonstrated strong year-on-year growth in profit and revenue, the sequential decline in revenue and operating margin compression suggest challenges ahead. The overall outlook is cautious, with the company needing to address these margin pressures to sustain its growth trajectory.

Is MRF technically bullish or bearish?

As of November 25, 2025, the trend is mildly bullish due to a bullish monthly MACD and daily moving averages, but caution is advised due to mixed signals from the weekly MACD and OBV.

As of 25 November 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, primarily driven by the monthly MACD being bullish and the daily moving averages showing a mildly bullish signal. The Bollinger Bands also indicate a bullish trend on the weekly timeframe, while the KST remains bullish on both weekly and monthly timeframes. However, the weekly MACD is mildly bearish and the OBV is mildly bearish, suggesting some caution. Overall, the strength of the bullish stance is tempered by mixed signals in the shorter timeframes.

How has been the historical performance of MRF?

MRF has shown consistent growth in net sales and total assets from March 2019 to March 2025, with net sales increasing to 28,153.18 crore. However, profit margins and cash flow have experienced fluctuations, with profit after tax declining from 2,081.23 crore in March 2024 to 1,869.29 crore in March 2025.

Answer:<BR>The historical performance of MRF shows a consistent growth trend in net sales and profits over the years, with some fluctuations in margins and expenses.<BR><BR>Breakdown:<BR>MRF's net sales have increased from 16,062.46 crore in March 2019 to 28,153.18 crore in March 2025, reflecting a strong upward trajectory. Total operating income followed a similar pattern, reaching 28,153.18 crore in March 2025. However, raw material costs have also risen significantly, from 10,292.57 crore in March 2019 to 18,487.98 crore in March 2025. Operating profit (PBDIT) peaked at 4,570.40 crore in March 2024 but slightly declined to 4,492.58 crore in March 2025. Profit before tax reached a high of 2,787.42 crore in March 2024 before dropping to 2,479.00 crore in March 2025, while profit after tax also saw a decrease from 2,081.23 crore in March 2024 to 1,869.29 crore in March 2025. The company's total assets grew from 19,442.34 crore in March 2020 to 29,566.99 crore in March 2025, indicating robust asset accumulation. Total liabilities increased as well, from 19,442.34 crore in March 2020 to 29,566.99 crore in March 2025, with total debt rising from 1,510.06 crore to 2,904.90 crore during the same period. Cash flow from operating activities peaked at 4,841.00 crore in March 2021 but decreased to 1,867.00 crore in March 2025, while net cash inflow showed a modest increase from 54.00 crore in March 2024 to 67.00 crore in March 2025. Overall, MRF has demonstrated significant growth in sales and assets, although profit margins and cash flow have experienced some volatility.

Is MRF overvalued or undervalued?

As of November 7, 2025, MRF is considered overvalued with a PE ratio of 37.46, an EV to EBITDA of 16.86, and a Price to Book Value of 3.64, all significantly higher than its peers like Balkrishna Industries and Apollo Tyres, despite a strong year-to-date stock performance of 21.99%.

As of 7 November 2025, MRF's valuation grade has moved from fair to expensive, indicating a shift in its perceived value. The company is currently overvalued based on its key financial ratios, which include a PE ratio of 37.46, an EV to EBITDA of 16.86, and a Price to Book Value of 3.64. These figures suggest that MRF is trading at a premium compared to its peers.<BR><BR>In comparison to its industry competitors, MRF's PE ratio is notably higher than that of Balkrishna Industries at 32.51 and Apollo Tyres at 31.23, both of which are considered attractive. Additionally, MRF's EV to EBITDA ratio of 16.86 is also elevated when compared to CEAT's 11.36. While MRF has shown strong stock performance, with a year-to-date return of 21.99% compared to the Sensex's 6.50%, the current valuation metrics indicate that the stock is overvalued in the context of its peers.

Who are the top shareholders of the MRF?

The top shareholders of MRF include Comprehensive Investment And Finance Company Pvt. Ltd. with 10.42%, the Mowi Foundation at 11.98%, mutual funds holding 8.27%, and 17.54% by foreign institutional investors, while individual investors own 12.93% of the shares.

The top shareholders of MRF include a mix of institutional and individual investors. The largest promoter is Comprehensive Investment And Finance Company Pvt. Ltd., holding 10.42%. Among public shareholders, the Mowi Foundation stands out with a significant holding of 11.98%. Additionally, the company has a diverse ownership structure with 8.27% held by mutual funds across 103 schemes and 17.54% by 495 foreign institutional investors (FIIs). Individual investors collectively hold 12.93% of the shares.

Has MRF declared dividend?

Yes, MRF Ltd. has declared a 30% dividend, amounting to ₹3 per share, with an ex-date of February 14, 2025. The company has shown strong total returns over various periods, with a modest dividend yield of 0.14%.

MRF Ltd. has declared a 30% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 30%<BR>- Amount per share: 3 per share<BR>- Ex-date: 14 Feb 25<BR><BR>Dividend Yield: 0.14%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, MRF Ltd. achieved a price return of 6.69% with no dividend return, resulting in a total return of 6.69%.<BR><BR>Over the past year, the company recorded a price return of 10.45% and a dividend return of 0.16%, leading to a total return of 10.61%.<BR><BR>In the 2-year period, MRF Ltd. experienced a price return of 44.22% and a dividend return of 0.38%, culminating in a total return of 44.6%.<BR><BR>For the last 3 years, the price return was 86.39% with a dividend return of 0.77%, resulting in a total return of 87.16%.<BR><BR>In the 4-year period, the company had a price return of 64.02% and a dividend return of 0.72%, achieving a total return of 64.74%.<BR><BR>Over the past 5 years, MRF Ltd. saw a price return of 119.26% and a dividend return of 1.03%, leading to a total return of 120.29%.<BR><BR>Overall, MRF Ltd. has declared a significant dividend while also demonstrating strong total returns across various periods, indicating a robust financial performance. The dividend yield, although modest, complements the impressive price returns over time.