MRF (MRF.NS) Stock Price

MRF Price

NSE·CLOSED
132,770.00INR-2,030.00 (-1.52 %)
Market closed

Over the last 20 years MRF grew revenue by 11.9% annually, reaching 281.53 B INR. Earnings per share have grown at 20.8% per year over the last 20 years. For MRF, the net margin of 6.6% is down versus 7.9% a few years ago. At today's price the dividend yield works out to roughly 0.18%. The payout ratio is around 5% of earnings. The dividend has grown at 13.1% per year over the past 20 years. The consensus 12-month price target for MRF is 150,905.94 INR, about 13.7% above where the stock trades today. Of 16 analysts, 3 rate the stock a buy — an overall Sell consensus. The stock trades about 8% above its 52-week low.

MRF stock price

Volume
Ex-Dividend
Details

Stock Price

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How to Read This Chart

This chart tracks the historical stock price of MRF over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how MRF stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing MRF's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

MRF Stock Price History
DateMRF Price
7/31/2026132,770.00 INR
7/30/2026134,800.00 INR
7/28/2026132,930.00 INR
7/24/2026130,755.00 INR
7/23/2026131,850.00 INR
7/22/2026132,945.00 INR
7/21/2026134,000.00 INR
7/20/2026132,800.00 INR
7/17/2026130,070.00 INR
7/15/2026131,675.00 INR
7/14/2026131,025.00 INR
7/13/2026131,285.00 INR
7/10/2026134,425.00 INR
7/9/2026133,870.00 INR
7/8/2026132,940.00 INR
7/7/2026138,650.00 INR
7/6/2026135,640.00 INR
7/3/2026134,650.00 INR
7/2/2026132,065.00 INR
7/1/2026129,430.00 INR
6/30/2026127,820.00 INR
6/29/2026124,050.00 INR
6/25/2026129,550.00 INR
6/24/2026130,120.00 INR
6/23/2026131,350.00 INR
6/22/2026131,560.00 INR
6/19/2026128,645.00 INR
6/18/2026130,085.00 INR
6/17/2026129,245.00 INR
6/16/2026128,470.00 INR
6/15/2026130,000.00 INR
6/12/2026125,515.00 INR
6/11/2026122,935.00 INR
6/10/2026122,995.00 INR
6/9/2026122,750.00 INR
6/8/2026122,820.00 INR
6/5/2026123,505.00 INR
6/4/2026124,715.00 INR
6/3/2026124,790.00 INR
6/2/2026124,695.00 INR
6/1/2026124,425.00 INR
5/29/2026123,420.00 INR
5/27/2026127,040.00 INR
5/26/2026127,160.00 INR
5/25/2026128,655.00 INR
5/22/2026126,785.00 INR
5/21/2026126,070.00 INR
5/20/2026126,250.00 INR
5/19/2026126,730.00 INR
5/18/2026129,110.00 INR
5/15/2026128,640.00 INR
5/14/2026126,455.00 INR
5/13/2026126,480.00 INR
5/12/2026126,505.00 INR
5/11/2026128,910.00 INR
5/8/2026130,425.00 INR
5/7/2026129,965.00 INR
5/6/2026130,335.00 INR
5/5/2026128,270.00 INR
5/4/2026129,235.00 INR
5/1/2026129,710.00 INR
4/30/2026129,710.00 INR
4/29/2026130,425.00 INR
4/28/2026130,120.00 INR
4/27/2026132,205.00 INR
4/24/2026132,145.00 INR
4/23/2026134,615.00 INR
4/22/2026137,040.00 INR
4/21/2026139,665.00 INR
4/20/2026139,225.00 INR
4/17/2026139,855.00 INR
4/16/2026138,740.00 INR
4/15/2026137,900.00 INR
4/13/2026134,315.00 INR
4/10/2026136,705.00 INR
4/9/2026134,020.00 INR
4/8/2026133,050.00 INR
4/7/2026127,175.00 INR
4/6/2026127,045.00 INR
4/2/2026126,390.00 INR
4/1/2026129,095.00 INR
3/30/2026128,495.00 INR
3/27/2026129,575.00 INR
3/25/2026129,895.00 INR
3/24/2026127,735.00 INR
3/23/2026125,000.00 INR
3/20/2026127,855.00 INR
3/19/2026130,545.00 INR
3/18/2026133,900.00 INR
3/17/2026133,520.00 INR
3/16/2026132,395.00 INR
3/13/2026134,600.00 INR
3/12/2026137,930.00 INR
3/11/2026136,190.00 INR
3/10/2026137,005.00 INR
3/9/2026135,195.00 INR
3/6/2026138,780.00 INR
3/5/2026140,000.00 INR
2/27/2026140,985.00 INR
2/26/2026143,520.00 INR
2/25/2026147,200.00 INR
2/23/2026145,580.00 INR
2/20/2026146,400.00 INR
2/19/2026145,605.00 INR
2/18/2026147,715.00 INR
2/17/2026148,245.00 INR
2/16/2026147,075.00 INR
2/13/2026150,000.00 INR
2/12/2026150,900.00 INR
2/11/2026151,740.00 INR
2/10/2026148,640.00 INR
2/9/2026145,310.00 INR
2/6/2026146,195.00 INR
2/5/2026134,750.00 INR
2/4/2026137,640.00 INR
2/3/2026136,650.00 INR
2/2/2026133,765.00 INR
1/30/2026133,000.00 INR
1/29/2026130,750.00 INR
1/28/2026135,000.00 INR
1/27/2026135,700.00 INR
1/23/2026137,475.00 INR
1/22/2026142,400.00 INR
1/21/2026139,945.00 INR
1/20/2026143,200.00 INR
1/19/2026142,800.00 INR
1/16/2026142,750.00 INR
1/14/2026145,665.00 INR
1/13/2026148,155.00 INR
1/12/2026149,400.00 INR
1/9/2026147,095.00 INR
1/8/2026148,100.00 INR
1/7/2026150,600.00 INR
1/6/2026150,195.00 INR
1/5/2026149,810.00 INR
1/2/2026150,685.00 INR
1/1/2026151,535.00 INR
12/31/2025152,500.00 INR
12/30/2025152,500.00 INR
12/29/2025148,510.00 INR
12/26/2025150,205.00 INR
12/24/2025151,410.00 INR
12/23/2025153,300.00 INR
12/22/2025153,900.00 INR
12/19/2025153,580.00 INR
12/18/2025152,375.00 INR
12/17/2025151,500.00 INR
12/16/2025152,500.00 INR
12/15/2025152,800.00 INR
12/12/2025152,550.00 INR
12/11/2025153,400.00 INR
12/10/2025151,100.00 INR
12/9/2025152,295.00 INR
12/8/2025153,500.00 INR
12/5/2025153,100.00 INR
12/4/2025153,650.00 INR
12/3/2025152,000.00 INR
12/2/2025153,960.00 INR
12/1/2025152,050.00 INR
11/28/2025152,445.00 INR
11/27/2025153,520.00 INR
11/26/2025154,490.00 INR
11/25/2025154,700.00 INR
11/24/2025154,300.00 INR
11/21/2025152,210.00 INR
11/20/2025151,950.00 INR
11/19/2025153,250.00 INR
11/18/2025154,995.00 INR
11/17/2025157,150.00 INR
11/14/2025157,400.00 INR
11/13/2025158,315.00 INR
11/12/2025157,650.00 INR
11/11/2025158,100.00 INR
11/10/2025157,825.00 INR
11/7/2025158,765.00 INR
11/6/2025157,590.00 INR
11/4/2025158,175.00 INR
11/3/2025158,700.00 INR
10/31/2025157,515.00 INR
10/30/2025158,315.00 INR
10/29/2025159,975.00 INR
10/28/2025158,195.00 INR
10/27/2025159,335.00 INR
10/24/2025160,000.00 INR
10/23/2025161,000.00 INR
10/21/2025161,680.00 INR
10/20/2025161,695.00 INR
10/17/2025155,895.00 INR
10/16/2025155,480.00 INR
10/15/2025155,310.00 INR
10/14/2025157,000.00 INR
10/13/2025156,885.00 INR
10/10/2025155,510.00 INR
10/9/2025156,200.00 INR
10/8/2025155,010.00 INR
10/7/2025153,850.00 INR
10/6/2025152,075.00 INR
10/3/2025153,195.00 INR
10/1/2025148,550.00 INR
9/30/2025146,005.00 INR
9/29/2025145,885.00 INR
9/26/2025148,545.00 INR
9/25/2025150,680.00 INR
9/24/2025153,300.00 INR
9/23/2025155,340.00 INR
9/22/2025152,850.00 INR
9/19/2025149,705.00 INR
9/18/2025149,200.00 INR
9/17/2025150,300.00 INR
9/16/2025150,900.00 INR
9/15/2025147,440.00 INR
9/12/2025146,800.00 INR
9/11/2025146,480.00 INR
9/10/2025145,255.00 INR
9/9/2025149,150.00 INR
9/8/2025147,075.00 INR
9/5/2025148,040.00 INR
9/4/2025149,700.00 INR
9/3/2025150,455.00 INR
9/2/2025153,885.00 INR
9/1/2025144,940.00 INR
8/29/2025140,000.00 INR
8/28/2025142,130.00 INR
8/26/2025142,250.00 INR
8/25/2025146,990.00 INR
8/22/2025147,505.00 INR
8/21/2025147,805.00 INR
8/20/2025148,100.00 INR
8/19/2025146,400.00 INR
8/18/2025143,800.00 INR
8/14/2025138,140.00 INR
8/13/2025138,300.00 INR
8/12/2025140,700.00 INR
8/11/2025141,500.00 INR
8/8/2025142,845.00 INR
8/7/2025144,265.00 INR
8/6/2025146,520.00 INR
8/5/2025145,600.00 INR
8/4/2025144,485.00 INR
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MRF Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2022
193.17 B INR
9.17 B INR
6.69 B INR
Jan 1, 2023
230.09 B INR
11.69 B INR
7.69 B INR
Jan 1, 2024
251.69 B INR
28.56 B INR
20.81 B INR
Jan 1, 2025
281.53 B INR
24.62 B INR
18.69 B INR
Jan 1, 2026 (e)
306.28 B INR
59.13 B INR
23.85 B INR
Jan 1, 2027 (e)
344.22 B INR
66.46 B INR
23.44 B INR
Jan 1, 2028 (e)
374.66 B INR
72.33 B INR
28.90 B INR
Jan 1, 2029 (e)
399.76 B INR
77.18 B INR
32.68 B INR

MRF Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 3, 2026, 3:44 PM
 
REVENUEB INR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB INR
EBITB INR
EBIT MARGIN%
NET INCOMEB INR
NET INCOME GROWTH%
DIV.INR
DIV. GROWTH%
SHARESM
2013201420162017201820192020202120222023202420252026e2027e2028e2029e
122.48133.29224.91149.23154.11160.63162.39161.63193.17230.09251.69281.53306.28344.22374.66399.76
2.358.8368.73-33.653.274.231.10-0.4719.5119.119.3911.868.7912.398.846.70
33.2034.4937.6537.5935.4937.3238.4840.6832.8626.1433.6730.1630.1630.1630.1630.16
40.6745.9784.6956.1054.6959.9562.4965.7563.4860.1584.7484.9192.38103.82113.00120.57
14.5315.6738.1921.0316.6515.6114.1618.629.1711.6928.5624.6259.1366.4672.3377.18
11.8611.7616.9814.0910.809.728.7211.524.745.0811.358.7519.3119.3119.3119.31
8.099.0825.0914.8611.3211.3114.2312.776.697.6920.8118.6923.8523.4428.9032.68
39.5612.33176.27-40.77-23.86-0.0925.83-10.23-47.6014.90170.67-10.1927.62-1.7623.3113.09
25.0030.0097.0060.0060.0060.00100.0056.00150.00200.00200.00235.00235.00282.00338.40–
–20.00223.33-38.14––66.67-44.00167.8633.33–17.50–20.0020.00–
4.004.004.004.004.004.004.004.004.004.244.244.244.244.244.244.24
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales MRF generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue MRF retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare MRF's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares MRF has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against MRF's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

MRF stock margins

The MRF margin analysis displays the gross margin, EBIT margin, as well as the profit margin of MRF. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for MRF.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
40.68 %
11.52 %
7.90 %
Jan 1, 2022
32.86 %
4.74 %
3.46 %
Jan 1, 2023
26.14 %
5.08 %
3.34 %
Jan 1, 2024
33.67 %
11.35 %
8.27 %
Jan 1, 2025
30.16 %
8.75 %
6.64 %
Jan 1, 2026 (e)
30.16 %
19.31 %
7.79 %
Jan 1, 2027 (e)
30.16 %
19.31 %
6.81 %
Jan 1, 2028 (e)
30.16 %
19.31 %
7.71 %

MRF Stock Revenue, EBIT, Earnings per Share

The MRF earnings per share therefore indicates how much revenue MRF has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
40,408.00 INR
4,655.75 INR
3,192.75 INR
Jan 1, 2022
48,291.75 INR
2,291.25 INR
1,673.00 INR
Jan 1, 2023
54,251.26 INR
2,755.96 INR
1,813.11 INR
Jan 1, 2024
59,345.95 INR
6,733.47 INR
4,907.29 INR
Jan 1, 2025
66,381.80 INR
5,805.15 INR
4,407.56 INR
Jan 1, 2026 (e)
72,217.59 INR
13,942.66 INR
5,624.57 INR
Jan 1, 2027 (e)
81,162.16 INR
15,669.54 INR
5,525.71 INR
Jan 1, 2028 (e)
88,340.41 INR
17,055.41 INR
6,813.94 INR

MRF business model & stock analysis

MRF Ltd is a Luxembourgish company in the field of tire production and automotive components. It was founded in 1946 by K. M. Mammen Mappillai and has its headquarters in Chennai, India. MRF stands for Madras Rubber Factory and is now one of the largest companies in the Indian market. History The history of MRF began in the 1940s when K. M. Mammen Mappillai decided to establish a company for the production of rubber tires. At that time, the company produced bicycle tires and later expanded to automobile tires. Since then, MRF has evolved into a leading global tire manufacturer, supplying high-quality products for the automotive industry and industrial applications. Business Model MRF is divided into various business divisions, including tire production and marketing, raw materials, automotive components, and other business divisions. The company primarily operates in India but also exports to other countries. MRF operates its own chain of tire stores to directly sell its products to end consumers. Products MRF is a leading manufacturer of tires for various applications such as cars, trucks, motorcycles, buses, airplanes, mining vehicles, and agricultural machinery. The company also produces other products such as tubes, rubber products for various industrial applications, and automotive components such as suspensions and brakes. MRF's automotive components division was established in 1993 and produces a wide range of components for the automotive industry. The company offers products such as brake pads, brake calipers, steering systems, wheel hubs, suspensions, and drivetrain components. MRF also produces rubber products for various industrial applications such as hoses for the chemical and oil industry, rubber parts for power plants, seals for medical devices, and water pipeline systems for municipal utilities. MRF is one of the few companies worldwide that produces aircraft tires. The company has specialized tires for aircraft suitable for various applications, including passenger planes, cargo planes, and military aircraft. In the field of agriculture, MRF produces tires for various applications including tractors, harvesting machines, and mulchers. Agriculture is a significant market for MRF as India remains one of the largest agricultural states in the world. MRF has won many awards throughout its history, including accolades for product quality, customer service, and sustainability. The company has also been focusing on renewable energy in recent years and has invested in solar and wind energy projects. Conclusion MRF Ltd is a leading company in the tire production and automotive components industry. The company offers a wide range of products for various applications and operates globally. MRF has earned a reputation for high-quality products and good customer service and remains an important player in the international market.

MRF SWOT Analysis

Strengths

MRF Ltd has a strong brand presence and is a leader in the Indian tire industry, known for its high-quality products.

The company has a wide range of product offerings, catering to various segments including cars, motorcycles, commercial vehicles, and agricultural vehicles.

MRF has a robust distribution network spread across the country, ensuring its products are easily accessible to customers.

Weaknesses

MRF heavily relies on the Indian market, which makes it vulnerable to fluctuations in the domestic economy.

The company faces intense competition from both domestic and international tire manufacturers, which puts pressure on pricing and market share.

MRF's manufacturing processes may not be as technologically advanced as some of its global competitors, impacting efficiency and innovation.

Opportunities

The Indian automotive industry is witnessing significant growth, providing opportunities for MRF to expand its market share and revenue.

The increasing adoption of electric vehicles presents a chance for MRF to develop and supply tires specifically designed for these vehicles.

Expansion into untapped international markets can help MRF reduce its dependence on the Indian market and diversify its revenue streams.

Threats

Fluctuating raw material prices, particularly rubber, can impact MRF's profitability.

Changes in government regulations and policies related to the automotive industry, such as emission norms, can affect demand for tires.

The emergence of alternative modes of transportation, such as ride-sharing and autonomous vehicles, may reduce the overall demand for tires in the future.

MRF Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

MRF historical P/E ratio, EBIT multiple, and P/S ratio

MRF annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

MRF shares outstanding

The number of shares of MRF was 4.24 M in 2025. This indicates how many shares MRF is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
4.00 M Stocks
Jan 1, 2022
4.00 M Stocks
Jan 1, 2023
4.24 M Stocks
Jan 1, 2024
4.24 M Stocks
Jan 1, 2025
4.24 M Stocks
Jan 1, 2026 (e)
4.24 M Stocks
Jan 1, 2027 (e)
4.24 M Stocks
Jan 1, 2028 (e)
4.24 M Stocks

MRF Dividend History

33 years of dividend payments · 4 consecutive increases

YearAnnual DividendYoY ChangePayments
20263.00INRYTD—1×
Feb 13, 20263.00INR 0.0%1/1
2025235.00INR↑ 17.5%3×
Feb 14, 20253.00INR 0.0%1/3
Jul 18, 2025229.00INR↑ 7,533.3%2/3
Nov 21, 20253.00INR↓ 98.7%3/3
2024200.00INR↑ 14.3%3×
2023175.00INR↑ 16.7%3×
2022150.00INR↑ 167.9%3×
202156.00INR↓ 44.0%3×
2020100.00INR↑ 66.7%3×
201960.00INR 0.0%3×
201860.00INR 0.0%3×
201760.00INR↓ 38.1%3×

MRF dividend history and estimates

In 2025, MRF paid a dividend amounting to 235.00 INR. Dividend means that MRF distributes a portion of its profits to its owners.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2021
56.00 INR
0.00 INR
6.00 INR
Jan 1, 2022
150.00 INR
0.00 INR
53.00 INR
Jan 1, 2023 (e)
175.00 INR
25.00 INR
0.00 INR
Jan 1, 2024
200.00 INR
0.00 INR
0.00 INR
Jan 1, 2025
235.00 INR
0.00 INR
0.00 INR
Jan 1, 2026
235.00 INR
0.00 INR
0.00 INR
Jan 1, 2027 (e)
0.00 INR
282.00 INR
0.00 INR
Jan 1, 2028 (e)
0.00 INR
338.40 INR
0.00 INR

MRF dividend payout ratio

In 2025, MRF had a payout ratio of 5.33%. The payout ratio indicates the percentage of the company's profits that MRF distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
1.75 %
Jan 1, 2022
8.97 %
Jan 1, 2023
9.65 %
Jan 1, 2024
4.08 %
Jan 1, 2025
5.33 %
Jan 1, 2026 (e)
4.18 %
Jan 1, 2027 (e)
5.10 %
Jan 1, 2028 (e)
4.97 %

Current MRF forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
1.42 %
Buy
18.75 % (3)
Hold
18.75 % (3)
Sell
62.50 % (10)
12M Price Target
150,905.94
Last Price
132,770.00
Currency
INR
12M Return Potential
13.66 %
LTM Return
0 %

MRF Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
5/1/20241,025.45INR-62.11 BINR-2024 Q4
2/7/2024962.53INR-59.98 BINR-2024 Q3

EESG©

Eulerpool ESG Scorecard© for the MRF stock

38/100
29
Environment
56
Social
28
Governance
E

Environment

20
Scope 1 - Direct Emissions590,847
Scope 2 - Indirect emissions from purchased energy612,094
Scope 3 - Indirect emissions within the value chain—
Total CO₂ emissions1,202,941
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees0.224
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

MRF shareholder structure

% Name
11.97765%
MOWI Pvt. Ltd.
MOWI Pvt. Ltd.
10.41791%
Comprehensive Investment & Finance Company Pvt. Ltd.
Comprehensive Investment & Finance Company Pvt. Ltd.
4.35616%
SBI Funds Management Pvt. Ltd.
SBI Funds Management Pvt. Ltd.
4.12648%
Nalanda India Equity Fund Ltd.
Nalanda India Equity Fund Ltd.
2.99109%
Everture Charitable & Educational Foundation
Everture Charitable & Educational Foundation
2.93242%
Peninsular Investments Pvt. Ltd.
Peninsular Investments Pvt. Ltd.
...

MRF Beneficial Ownership Filings (SEC 13D/G)

Free Float
57.9%
Float Shares
-
Shares Outstanding
-

MRF Executives and Management Board

16 members · avg. age 52 · 19 % women

KM

Mr. Kandathil Mammen

Executive Chairman of the Board, Managing Director · since 1981

320.91 M INR

Management

AM

Mr. Arun Mammen (59)

Executive Vice Chairman of the Board, Managing Director · since 2017

269.72 M INR
RM

Mr. Rahul Mappillai (47)

Managing Director, Executive Director · since 2010

237.71 M INR
MN

Mr. Madhu Nainan

Executive Vice President - Finance

24.62 M INR
SK

Mr. S. Dhanvanth Kumar

Company Secretary

21.22 M INR

Board of Directors

VM

Mr. Varun Mammen (40)

Whole-Time Director · since 2017

119.08 M INR
SM

Mr. Samir Mappillai (42)

Whole-Time Director · since 2017

118.64 M INR
VC

Mr. Vikram Chesetty

Non-Executive Independent Director

240,000.00 INR
SH

Shri. Vikram Hosangady

Non-Executive Independent Director

200,000.00 INR
RR

Mr. Ramesh Rangarajan

Non-Executive Independent Director

200,000.00 INR
DP

Mr. Dinshaw Parakh

Non-Executive Independent Director

120,000.00 INR

Frequently asked questions about MRF

The business model of MRF Ltd revolves around manufacturing and selling a wide range of rubber products. MRF specializes in the production of tires for various vehicles, including cars, motorcycles, trucks, and airplanes. The company also manufactures conveyor belts, rubber flooring, and other industrial rubber products. MRF Ltd operates through a strong distribution network, both domestically and internationally, delivering quality products to customers worldwide. With a focus on innovation and technology, MRF Ltd continues to be a leading player in the global tire industry, ensuring its position as a preferred choice for customers seeking reliable and high-performance rubber products.

MRF Ltd is primarily active in the industries of manufacturing and selling of rubber products.

The main competitors of MRF Ltd in the market are Apollo Tyres Ltd, Ceat Ltd, and JK Tyre & Industries Ltd.

MRF Ltd, also known as Madras Rubber Factory, is a leading Indian tire manufacturing company. Established in 1946, MRF has a rich history and has become a prominent player in the automotive industry. With headquarters in Chennai, India, MRF has expanded its operations globally and is known for its exceptional quality and innovative tire solutions. It caters to various segments, including passenger vehicles, motorcycles, commercial vehicles, and more. MRF's strong commitment to research and development, coupled with its state-of-the-art manufacturing capabilities, has helped it maintain a competitive edge in the market. Over the years, MRF has established itself as a trusted brand known for its durability, reliability, and performance.

MRF Ltd has achieved several significant milestones over the years. One notable achievement is its recognition as the largest manufacturer of tyres in India. The company has consistently delivered high-quality products, earning a strong reputation for its superior performance and durability. MRF Ltd has also expanded its global presence by establishing manufacturing facilities and distribution networks in multiple countries, allowing it to successfully penetrate international markets. Moreover, the company has received numerous prestigious awards for its innovation, research, and development efforts, further solidifying its position as a leader in the tyre industry. MRF Ltd continues to set new standards and excel in the automotive industry, driving growth and profitability.

MRF Ltd, the renowned Indian tire manufacturing company, has a strong presence not only in India but also across various international markets. With its commitment to quality and innovation, MRF has expanded its reach to several countries and regions around the globe. Some of the prominent markets where MRF Ltd primarily operates include the United States, South Africa, Australia, Brazil, and various countries in the Middle East and Southeast Asia. The company's global footprint has enabled it to establish itself as a leading player in the tire industry, catering to the diverse needs of customers worldwide.

MRF Ltd represents values of integrity, excellence, and customer-centricity. The company has a strong corporate philosophy, focusing on innovation, and delivering superior quality products and services. MRF Ltd is committed to ethical practices, promoting sustainability, and maintaining strong relationships with customers, employees, and stakeholders. With a rich heritage and a strong presence in the automotive industry, MRF Ltd is dedicated to consistently meeting customer expectations and offering unparalleled value. The company's commitment to continuous improvement, reliability, and trustworthiness has made MRF Ltd a reputable and leading name in the market.

Analysts currently set an average price target of 150,868.00 INR for the MRF stock (median: 150,905.94 INR), implying +13.6 % versus the latest price. The consensus is based on 16 analyst ratings.

MRF Analyst Price Targets 2026

16 analysts currently rate the MRF stock: 4 recommend buying, 3 holding and 9 selling. For 2026, analysts expect MRF to generate revenue of 306.28 B INR and earnings per share of 5,624.57 INR.

MRF Analyst Price Targets 2026

Converted at the current exchange rate, the MRF share trades at 1,209.41 EUR (132,770.00 INR).

MRF Ltd is an Indian company specializing in the manufacturing of tires, refined products, and raw materials. The company was established in 1946 and operates in over 65 countries today. MRF Ltd has various divisions including tires, raw materials, specialty chemicals, and molded components. Tires: MRF Ltd is one of the leading tire manufacturers in India. The company produces a wide range of tires suitable for various vehicles. MRF tires are manufactured for cars, motorcycles, racing cars, commercial vehicles, and tractors. The MRF brand is well-known in India and worldwide. Raw Materials: MRF Ltd also manufactures rubber raw materials such as synthetic rubber and natural rubber. The company is capable of producing different types of rubber raw materials in various sizes and qualities. The raw material is processed according to the customers' requirements and supplied to various companies that further manufacture products from it. Specialty Chemicals: MRF Ltd offers a wide range of specialty chemicals for various industries. The company produces antioxidants, vulcanization accelerators, additives for rubber, and synthetic rubbers. These products find applications in the tire industry, automotive industry, electronics industry, and many other industries. Molded Components: MRF Ltd also manufactures rubber and plastic molded components for various industries. The precisely molded parts are manufactured according to customers' requirements and used for various applications. MRF Ltd produces molded components for the automotive industry, household appliances, power tools, and many other applications. MRF Ltd has a strong presence in the Indian market and continues to expand overseas. The company's products are sold in many countries worldwide. The company is committed to providing high-quality products and services and continuously works on improving its products and services. The business model of MRF Ltd is based on the production and sale of tires, raw materials, specialty chemicals, and molded components. The company also manufactures other products such as tubes, but its main product lines are its tires and raw materials. MRF Ltd is focused on offering innovative solutions to customers and is renowned for its high product quality. The company has a strong position in the Indian market and continues to expand overseas to explore new business opportunities.

The expected revenue of MRF is 306.28 B INR. This figure is based on current financial data and reflects the company's business performance.

The expected profit of MRF is 23.85 B INR. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of MRF is currently 23.61. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the MRF stock.

The price-to-sales ratio (P/S) of MRF is currently 1.84. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the MRF stock.

The Eulerpool Quality Score for MRF is 5/10.

The ISIN of MRF is INE883A01011. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The ticker of MRF is MRF.NS. The ticker symbol is used to trade MRF shares on the stock exchange.

Over the past 12 months, MRF paid a dividend of 235.00 INR . This corresponds to a dividend yield of about 0.18 %. For the coming 12 months, MRF is expected to pay a dividend of 282.00 INR.

The current dividend yield of MRF is 0.18 %.

MRF pays a dividend, distributed in the months of , , , .

MRF paid dividends every year for the past 32 years.

For the upcoming 12 months, dividends amounting to 282.00 INR are expected. This corresponds to a dividend yield of 0.21 %.

MRF is assigned to the 'Cyclical consumption' sector.

To receive the latest dividend of MRF from amounting to 3 INR, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, MRF distributed 175 INR as dividends.

The dividends of MRF are distributed in INR.

All fundamentals and in-depth analysis of MRF

Our stock analysis for MRF stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of MRF. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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