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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 : ₹ 62,145.7 Cr
Revenue (TTM) : ₹ 29,130.1 Cr
Net Profit(TTM) : ₹ 1,853.7 Cr
EPS (TTM) : ₹ 4,413.5
P/E (TTM) : 33.5

Industry Peers & Returns1W1M1Y
MRF -1.5% -3% 25.2%
BALKRISHNA INDUSTRIES -0.2% 2.1% -13.2%
APOLLO TYRES 0.5% 1.8% 5.9%
CEAT 1.9% 3.3% 21.1%
JK TYRE & INDUSTRIES -1.3% 10.7% 35.5%
TVS SRICHAKRA -4.2% -4.6% 20.5%
GOODYEAR INDIA -2.1% -3.2% -17%
TOLINS TYRES -3.1% -3.1% -35.1%


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 : ₹147,966.0
Current MarketCap: ₹ 62,145.7 Cr
Updated EOD on :Jan 13,2026

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

-1.5%

-3%

25.2%

SENSEX

-1.7%

-1.4%

7%

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 LOW VOLATILITY INDEX -1.7% 0.9% 6.5%
NSE Indices1W1M1Y
NIFTY LOW VOLATILITY 50 -1.6% 0.2% 7.2%
NIFTY 200 -2% -0.3% 7.4%
NIFTY 500 -2.2% -0.3% 5.6%
NIFTY LARGEMIDCAP 250 -2.3% -0.1% 6.5%
NIFTY TOTAL MARKET -2.3% -0.4% 4.9%

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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 .