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

The Revenues of MRF have increased by 9.39% YoY .
The Earnings Per Share (EPS) of MRF has decreased by -10.18 % YoY.
REVENUES
OPERATING MARGIN
PROFIT AFTER TAX
EPS
ROCE

MRF Last 5 Annual Financial Results
[BOM: 500290|NSE : MRF]

ConsolidatedMar2025
Mar2024
Mar2023
Mar2022
Mar2021
Revenues ₹25,169 Cr₹23,009 Cr₹19,317 Cr₹16,163 Cr₹16,239 Cr
Expenses ₹20,908 Cr₹20,612 Cr₹17,258 Cr₹13,214 Cr₹13,857 Cr
Operating Profit (Excl OI) ₹4,262 Cr₹2,397 Cr₹2,059 Cr₹2,949 Cr₹2,382 Cr
Other Income ₹317 Cr₹253 Cr₹317 Cr₹210 Cr₹335 Cr
Interest ₹361 Cr₹326 Cr₹263 Cr₹282 Cr₹301 Cr
Depreciation ₹1,430 Cr₹1,253 Cr₹1,205 Cr₹1,141 Cr₹982 Cr
Profit Before Tax ₹2,787 Cr₹1,070 Cr₹908 Cr₹1,737 Cr₹1,434 Cr
Profit After Tax ₹2,081 Cr₹769 Cr₹669 Cr₹1,277 Cr₹1,423 Cr
Consolidated Net Profit ₹2,081 Cr₹769 Cr₹669 Cr₹1,277 Cr₹1,423 Cr
Earnings Per Share (Rs)₹4,408.68₹4,908.54₹1,813.51₹1,578.37₹3,011.93
PAT Margin (%)6.518.103.283.397.72
ROE(%)10.6213.255.354.889.97
ROCE(%)14.1817.548.227.2613.70
Total Debt/Equity(x)0.160.120.160.200.15

Key Financials

Market Cap : ₹ 65,176.0 Cr
Revenue (TTM) : ₹ 28,632.4 Cr
Net Profit(TTM) : ₹ 1,798.7 Cr
EPS (TTM) : ₹ 4,282.7
P/E (TTM) : 36.2

Industry Peers & Returns1W1M1Y
MRF 1.9% 6.8% 18.3%
BALKRISHNA INDUSTRIES -0.7% -4.2% -24.1%
APOLLO TYRES 2.7% 1.7% -4.8%
CEAT 1.9% 4.7% 16.4%
JK TYRE & INDUSTRIES 3% 7.3% -4.6%
TVS SRICHAKRA 1.1% 29.6% -6.2%
GOODYEAR INDIA 1.2% 1.2% -11.6%
TOLINS TYRES -2.5% -3.9% -10.3%


MRF Revenues
[BOM: 500290|NSE : MRF]

Y-o-Y

9.39 %

5 Yr CAGR

11.58 %

Years Revenues % Change
Mar2025 ₹25,169 Cr
9.39
Mar2024 ₹23,009 Cr
19.11
Mar2023 ₹19,317 Cr
19.51
Mar2022 ₹16,163 Cr
-0.47
Mar2021 ₹16,239 Cr -


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

Y-o-Y

77.82 %

5 Yr CAGR

15.65 %

Years Operating Profit % Change
Mar2025 ₹4,262 Cr
77.82
Mar2024 ₹2,397 Cr
16.41
Mar2023 ₹2,059 Cr
-30.19
Mar2022 ₹2,949 Cr
23.82
Mar2021 ₹2,382 Cr -

Operating Margins
Y-o-Y

62.48 %

5 Yr CAGR

3.65 %

Years Operating Margin% % Change
Mar2025 16.93%
62.48
Mar2024 10.42%
-2.25
Mar2023 10.66%
-41.59
Mar2022 18.25%
24.40
Mar2021 14.67% -

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

Y-o-Y

170.66 %

5 Yr CAGR

9.98 %

Years Profit After Tax % Change
Mar2025 ₹2,081 Cr
170.66
Mar2024 ₹769 Cr
14.90
Mar2023 ₹669 Cr
-47.60
Mar2022 ₹1,277 Cr
-10.23
Mar2021 ₹1,423 Cr -

PAT Margins
Y-o-Y

-19.63 %

5 Yr CAGR

-4.17 %

Years PAT Margin(%) % Change
Mar2025 6.51 %
-19.63
Mar2024 8.1 %
146.95
Mar2023 3.28 %
-3.24
Mar2022 3.39 %
-56.09
Mar2021 7.72 % -

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

Y-o-Y

-10.18 %

5 Yr CAGR

9.99 %

Years EPS % Change
Mar2025 ₹4,409
-10.18
Mar2024 ₹4,909
170.67
Mar2023 ₹1,814
14.90
Mar2022 ₹1,578
-47.60
Mar2021 ₹3,012 -

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

Y-o-Y

-19.16 %

5 Yr CAGR

0.86 %

Years ROCE % Change
Mar2025 14.18%
-19.16
Mar2024 17.54%
113.38
Mar2023 8.22%
13.22
Mar2022 7.26%
-47.01
Mar2021 13.7% -

MRF Share Price vs Sensex

Current Share Price : ₹155,181.0
Current MarketCap: ₹ 65,176.0 Cr
Updated EOD on :Oct 10,2025

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

1.9%

6.8%

18.3%

SENSEX

1.6%

1.7%

1.8%

MRF related INDICES

BSE Indices1W1M1Y
BSE ALLCAP 6.4% 8.9% 7.5%
BSE MIDSMALLCAP 4.7% 9% 8.4%
BSE LARGEMIDCAP 4.5% 7.2% 8.3%
BSE 500 SHARIAH 4.3% 4.3% 1.1%
BSE MIDCAP 1.5% 1.5% -1.4%
NSE Indices1W1M1Y
NIFTY MIDCAP150 MOMENTUM 50 2.5% 1.5% -4.2%
NIFTY MIDCAP 100 2.1% 2.2% 2.4%
NIFTY MIDCAP 150 1.6% 2.1% 2.3%
NIFTY 200 1.5% 1.8% 1%
NIFTY LARGEMIDCAP 250 1.5% 1.9% 1.6%

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FAQ about MRF Financials


How the annual revenues of MRF have changed ?

The Revenues of MRF have increased by 9.39% YoY .

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

The Earnings Per Share (EPS) of MRF has decreased by -10.18 % YoY .