How has been the historical performance of MRF?

Answer:The historical performance of MRF shows a consistent growth trend in net sales and profits over the years, with some fluctuations in profit margins and expenses.

Breakdown:
MRF's net sales have increased significantly from INR 16,062.46 crore in March 2019 to INR 28,153.18 crore in March 2025, reflecting a strong upward trend. Total operating income followed a similar trajectory, reaching INR 28,153.18 crore in March 2025. However, the raw material cost also rose sharply, from INR 10,292.57 crore in March 2019 to INR 18,487.98 crore in March 2025, impacting the operating profit margin, which decreased from 14.35% in March 2019 to 14.51% in March 2025. Operating profit (PBDIT) saw a rise to INR 4,492.58 crore in March 2025, although it was slightly lower than the previous year. Profit before tax peaked at INR 2,479.00 crore in March 2025, while profit after tax was INR 1,869.29 crore, down from INR 2,081.23 crore in March 2024. The company's total assets grew from INR 19,442.34 crore in March 2020 to INR 29,566.99 crore in March 2025, indicating robust asset accumulation. Total liabilities also increased, reaching INR 29,566.99 crore in March 2025, with total debt rising to INR 2,904.90 crore. Cash flow from operating activities showed a decline to INR 1,867.00 crore in March 2025, compared to INR 3,303.00 crore in March 2024, while the closing cash and cash equivalents increased to INR 370.00 crore in March 2025. Overall, MRF's performance reflects growth in sales and assets, though profit margins and cash flow from operations have shown some volatility.