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MRF Financial Statement Analysis
[BOM: 500290|NSE : MRF]

The Revenues of MRF have increased by 11.85% YoY .
The Earnings Per Share (EPS) of MRF has increased by 29.51 % YoY.
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MRF Last 5 Annual Financial Results
[BOM: 500290|NSE : MRF]

ConsolidatedMar2026
Mar2025
Mar2024
Mar2023
Mar2022
Revenues ₹28,153 Cr₹25,169 Cr₹23,009 Cr₹19,317 Cr₹16,163 Cr
Expenses ₹24,065 Cr₹20,908 Cr₹20,612 Cr₹17,258 Cr₹13,214 Cr
Operating Profit (Excl OI) ₹4,088 Cr₹4,262 Cr₹2,397 Cr₹2,059 Cr₹2,949 Cr
Other Income ₹417 Cr₹317 Cr₹253 Cr₹317 Cr₹210 Cr
Interest ₹368 Cr₹361 Cr₹326 Cr₹263 Cr₹282 Cr
Depreciation ₹1,654 Cr₹1,430 Cr₹1,253 Cr₹1,205 Cr₹1,141 Cr
Profit Before Tax ₹2,483 Cr₹2,787 Cr₹1,070 Cr₹908 Cr₹1,737 Cr
Profit After Tax ₹1,873 Cr₹2,081 Cr₹769 Cr₹669 Cr₹1,277 Cr
Consolidated Net Profit ₹1,873 Cr₹2,081 Cr₹769 Cr₹669 Cr₹1,277 Cr
Earnings Per Share (Rs)₹5,721.91₹4,418.11₹4,908.54₹1,813.51₹1,578.37
PAT Margin (%)7.646.538.103.283.39
ROE(%)12.2610.6113.255.354.88
ROCE(%)16.0414.1517.548.227.26
Total Debt/Equity(x)0.110.160.120.160.20

Key Financials

Market Cap : ₹ 49,129.1 Cr
Revenue (TTM) : ₹ 31,888.9 Cr
Net Profit(TTM) : ₹ 2,415.1 Cr
EPS (TTM) : ₹ 5,750.2
P/E (TTM) : 20.3

Industry Peers & Returns1W1M1Y
MRF -0.9% -6.7% -26.7%
BALKRISHNA INDUSTRIES -0.8% -0.1% -11%
APOLLO TYRES 2.1% -3.1% -24.9%
CEAT 2.7% -1% -23.8%
JK TYRE & INDUSTRIES 6.6% -6.7% -26.7%
TVS SRICHAKRA -0.1% -8.4% 0.8%
GOODYEAR INDIA 0.1% -4.3% -32.1%
TOLINS TYRES 0.6% -4.6% -56.3%
DOLFIN RUBBERS -3.4% -2.7% -4.2%


MRF Revenues
[BOM: 500290|NSE : MRF]

Y-o-Y

11.85 %

5 Yr CAGR

14.88 %

Years Revenues % Change
Mar2026 ₹28,153 Cr
11.85
Mar2025 ₹25,169 Cr
9.39
Mar2024 ₹23,009 Cr
19.11
Mar2023 ₹19,317 Cr
19.51
Mar2022 ₹16,163 Cr -


MRF Operating Profit
[BOM: 500290|NSE : MRF]

Y-o-Y

-4.08 %

5 Yr CAGR

8.50 %

Years Operating Profit % Change
Mar2026 ₹4,088 Cr
-4.08
Mar2025 ₹4,262 Cr
77.82
Mar2024 ₹2,397 Cr
16.41
Mar2023 ₹2,059 Cr
-30.19
Mar2022 ₹2,949 Cr -

Operating Margins
Y-o-Y

-14.24 %

5 Yr CAGR

-5.56 %

Years Operating Margin% % Change
Mar2026 14.52%
-14.24
Mar2025 16.93%
62.48
Mar2024 10.42%
-2.25
Mar2023 10.66%
-41.59
Mar2022 18.25% -

MRF Profit After Tax
[BOM: 500290|NSE : MRF]

Y-o-Y

-9.99 %

5 Yr CAGR

10.05 %

Years Profit After Tax % Change
Mar2026 ₹1,873 Cr
-9.99
Mar2025 ₹2,081 Cr
170.66
Mar2024 ₹769 Cr
14.90
Mar2023 ₹669 Cr
-47.60
Mar2022 ₹1,277 Cr -

PAT Margins
Y-o-Y

17.00 %

5 Yr CAGR

22.52 %

Years PAT Margin(%) % Change
Mar2026 7.64 %
17.00
Mar2025 6.53 %
-19.38
Mar2024 8.1 %
146.95
Mar2023 3.28 %
-3.24
Mar2022 3.39 % -

MRF Earnings Per Share (EPS)
[BOM: 500290|NSE : MRF]

Y-o-Y

29.51 %

5 Yr CAGR

37.99 %

Years EPS % Change
Mar2026 ₹5,722
29.51
Mar2025 ₹4,418
-9.99
Mar2024 ₹4,909
170.67
Mar2023 ₹1,814
14.90
Mar2022 ₹1,578 -

MRF Return on Capital Employed (ROCE)
[BOM: 500290|NSE : MRF]

Y-o-Y

13.36 %

5 Yr CAGR

21.92 %

Years ROCE % Change
Mar2026 16.04%
13.36
Mar2025 14.15%
-19.33
Mar2024 17.54%
113.38
Mar2023 8.22%
13.22
Mar2022 7.26% -

MRF Share Price vs Sensex

Current Share Price : ₹116,974.0
Current MarketCap: ₹ 49,129.1 Cr
Updated EOD on :Nov 02,2026

Share Price Returns(%) 1 Week 1 Month 1 Year
MRF

-0.9%

-6.7%

-26.7%

SENSEX

2.8%

4.4%

-10.1%

MRF related INDICES

BSE Indices1W1M1Y
BSE CONSUMER DISCRETIONARY & SERVICES 3.2% -2.1% -6.4%
BSE AUTO 3% -2.5% -6.3%
BSE INDIA 150 INDEX 3% 2% -6.5%
BSE 250 LARGEMIDCAP INDEX 2.9% 1.1% -6.8%
BSE 200 2.9% 1.4% -7.1%
NSE Indices1W1M1Y
NIFTY MOBILITY 4% -0.8% -3.7%
NIFTY INDIA MANUFACTURING 3.9% -1.8% 0.6%
NIFTY TRANSPORTATION & LOGISTICS 3.6% -1.7% -6.3%
NIFTY 200 3.1% 1.5% -6.7%
NIFTY 500 2.9% 0.6% -6.1%

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FAQ about MRF Financials


How the annual revenues of MRF have changed ?

The Revenues of MRF have increased by 11.85% YoY .

How the Earnings per Share (EPS) of MRF have changed?

The Earnings Per Share (EPS) of MRF has increased by 29.51 % YoY .