MRF (MRF.NS) Stock Price

MRF Price

🇮🇳NSE·CLOSED
130,085.00INR
Market closed
Today +/-
Today %

MRF (MRF.NS) Stock | ISIN INE883A01011. The current MRF stock price is 130,085 INR (2026). Revenue is 309.06 B INR. Net income is 22.85 B INR. The P/E ratio is 24.15. Market capitalization is 551.7 B INR. MRF operates in the Cyclical consumption sector.

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 6% of earnings. The dividend has grown at 13.1% per year over the past 20 years.

MRF stock price

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
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MRF Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2005
29.92 B INR
636 M INR
404 M INR
Jan 1, 2006
37.39 B INR
999 M INR
793 M INR
Jan 1, 2007
44.13 B INR
2.84 B INR
1.7 B INR
Jan 1, 2008
50.51 B INR
2.56 B INR
1.43 B INR
Jan 1, 2009
56.77 B INR
4.41 B INR
2.51 B INR
Jan 1, 2010
74.7 B INR
5.74 B INR
3.58 B INR
Jan 1, 2011
97.52 B INR
5.71 B INR
6.19 B INR
Jan 1, 2012
119.67 B INR
10.03 B INR
5.79 B INR
Jan 1, 2013
122.48 B INR
14.53 B INR
8.09 B INR
Jan 1, 2014
133.29 B INR
15.67 B INR
9.08 B INR
Jan 1, 2016
224.91 B INR
38.19 B INR
25.09 B INR
Jan 1, 2017
149.23 B INR
21.03 B INR
14.86 B INR
Jan 1, 2018
154.11 B INR
16.65 B INR
11.32 B INR
Jan 1, 2019
160.63 B INR
15.61 B INR
11.31 B INR
Jan 1, 2020
162.39 B INR
14.16 B INR
14.23 B INR

MRF Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 18, 2026, 3:59 PM
 
REVENUE (B INR)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B INR)
NET INCOME (B INR)
NET INCOME GROWTH (%)
DIV. (INR)
DIV. GROWTH (%)
SHARES (M)
DOCUMENTS
202120222023202420252026e2027e2028e
161.63193.17230.09251.69281.53309.06335.75363.75
-0.4719.5119.119.3911.869.788.648.34
40.6832.8626.1433.6730.1627.4725.2923.34
65.7563.4860.1584.7484.9184.9184.9184.91
12.776.697.6920.8118.6922.8527.8431.28
-10.23-47.614.9170.67-10.1922.2221.8812.34
28262002002353361.49416.64
182-97.873,233.33–17.5-98.7211,949.6715.26
444.244.244.244.244.244.24
––––––––
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.

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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2005
30.64 %
2.13 %
1.35 %
Jan 1, 2006
29.77 %
2.67 %
2.12 %
Jan 1, 2007
32.32 %
6.43 %
3.86 %
Jan 1, 2008
29.4 %
5.07 %
2.84 %
Jan 1, 2009
32.55 %
7.77 %
4.42 %
Jan 1, 2010
30.91 %
7.69 %
4.79 %
Jan 1, 2011
25.25 %
5.85 %
6.35 %
Jan 1, 2012
28.04 %
8.38 %
4.84 %
Jan 1, 2013
33.2 %
11.86 %
6.6 %
Jan 1, 2014
34.49 %
11.76 %
6.81 %
Jan 1, 2016
37.65 %
16.98 %
11.16 %
Jan 1, 2017
37.59 %
14.09 %
9.96 %
Jan 1, 2018
35.49 %
10.8 %
7.34 %
Jan 1, 2019
37.32 %
9.72 %
7.04 %
Jan 1, 2020
38.48 %
8.72 %
8.76 %

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.

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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2005
7,481 INR
159 INR
101 INR
Jan 1, 2006
9,347.5 INR
249.75 INR
198.25 INR
Jan 1, 2007
11,033.25 INR
709.5 INR
426 INR
Jan 1, 2008
12,627.5 INR
640.25 INR
358.5 INR
Jan 1, 2009
14,193.25 INR
1,103 INR
627 INR
Jan 1, 2010
18,674.5 INR
1,435.5 INR
893.75 INR
Jan 1, 2011
24,379.5 INR
1,426.25 INR
1,547 INR
Jan 1, 2012
29,918.25 INR
2,508 INR
1,448.5 INR
Jan 1, 2013
30,620.5 INR
3,632.75 INR
2,021.5 INR
Jan 1, 2014
33,323.25 INR
3,917.75 INR
2,270.75 INR
Jan 1, 2016
56,227.5 INR
9,548.25 INR
6,273.5 INR
Jan 1, 2017
37,307 INR
5,257.75 INR
3,715.5 INR
Jan 1, 2018
38,527.5 INR
4,162.75 INR
2,829 INR
Jan 1, 2019
40,156.25 INR
3,903.5 INR
2,826.5 INR
Jan 1, 2020
40,598.5 INR
3,540.5 INR
3,556.5 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

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

MRF annual returns

Details

Annual Return

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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 was MRF in 2025 — This indicates how many shares 4.241 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

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Number of stocks
Details
Date
Number of stocks
Jan 1, 2005
4 M base_Shares
Jan 1, 2006
4 M base_Shares
Jan 1, 2007
4 M base_Shares
Jan 1, 2008
4 M base_Shares
Jan 1, 2009
4 M base_Shares
Jan 1, 2010
4 M base_Shares
Jan 1, 2011
4 M base_Shares
Jan 1, 2012
4 M base_Shares
Jan 1, 2013
4 M base_Shares
Jan 1, 2014
4 M base_Shares
Jan 1, 2016
4 M base_Shares
Jan 1, 2017
4 M base_Shares
Jan 1, 2018
4 M base_Shares
Jan 1, 2019
4 M base_Shares
Jan 1, 2020
4 M base_Shares

MRF Dividend History

33 years of dividend payments · 4 consecutive increases

YearAnnual DividendYoY ChangePayments
20263INRYTD—1×
Feb 13, 20263INR 0.0%1/1
2025235INR↑ 17.5%3×
Feb 14, 20253INR 0.0%1/3
Jul 18, 2025229INR↑ 7533.3%2/3
Nov 21, 20253INR↓ 98.7%3/3
2024200INR↑ 14.3%3×
2023175INR↑ 16.7%3×
2022150INR↑ 167.9%3×
202156INR↓ 44.0%3×
2020100INR↑ 66.7%3×
201960INR 0.0%3×
201860INR 0.0%3×
201760INR↓ 38.1%3×

MRF dividend history and estimates

In 2025, MRF paid a dividend amounting to 235 INR. Dividend means that MRF distributes a portion of its profits to its owners.

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  • Max

Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2005
20 INR
0 INR
0 INR
Jan 1, 2006
20 INR
0 INR
0 INR
Jan 1, 2007
20 INR
0 INR
0 INR
Jan 1, 2008
20 INR
0 INR
0 INR
Jan 1, 2009
20 INR
0 INR
0 INR
Jan 1, 2010
25 INR
0 INR
0 INR
Jan 1, 2011
25 INR
0 INR
0 INR
Jan 1, 2012
25 INR
0 INR
0 INR
Jan 1, 2013
25 INR
0 INR
0 INR
Jan 1, 2014
30 INR
0 INR
0 INR
Jan 1, 2016
97 INR
0 INR
0 INR
Jan 1, 2017
60 INR
0 INR
0 INR
Jan 1, 2018
60 INR
0 INR
0 INR
Jan 1, 2019
60 INR
0 INR
0 INR
Jan 1, 2020
100 INR
0 INR
0 INR

MRF dividend payout ratio

In 2025, MRF had a payout ratio of 6.18%. The payout ratio indicates the percentage of the company's profits that MRF distributes as dividends.

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Payout ratio
Details
Date
Payout ratio
Jan 1, 2005
19.8 %
Jan 1, 2006
10.09 %
Jan 1, 2007
4.69 %
Jan 1, 2008
5.58 %
Jan 1, 2009
3.19 %
Jan 1, 2010
2.8 %
Jan 1, 2011
1.62 %
Jan 1, 2012
1.73 %
Jan 1, 2013
1.24 %
Jan 1, 2014
1.32 %
Jan 1, 2016
1.55 %
Jan 1, 2017
1.61 %
Jan 1, 2018
2.12 %
Jan 1, 2019
2.12 %
Jan 1, 2020
2.81 %
Price targets and forecasts for MRF are not yet available.

MRF Earnings Estimates

MRF Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/1/20241,025.45INR62.11 BINR2024 Q4
2/7/2024962.53INR59.98 BINR2024 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.
2.10047%
Kotak Mahindra Asset Management Company Limited
Kotak Mahindra Asset Management Company Limited
1.78772%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.69513%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
1.4993%
The New India Assurance Co. Ltd.
The New India Assurance Co. Ltd.
...

MRF Executives and Management Board

KM

Mr. Kandathil Mammen

Executive Chairman of the Board, Managing Director · since 1981

Compensation320.91 M INR
AM

Mr. Arun Mammen

(59)

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

Compensation269.72 M INR
RM

Mr. Rahul Mappillai

(47)

Managing Director, Executive Director · since 2010

Compensation237.71 M INR
VM

Mr. Varun Mammen

(40)

Whole-Time Director · since 2017

Compensation119.08 M INR
SM

Mr. Samir Mappillai

(42)

Whole-Time Director · since 2017

Compensation118.64 M 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.

All fundamentals and in-depth analysis of MRF

Our stock analysis for MRF Revenue 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 Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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