MRF share price
NSE: MRFBSE: 500290Auto ComponentsMid Cap
MRF Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Sep 1961 on BSE, Sep 1996 on NSE
Last close ₹1,18,030.00up ₹650.00 (0.55%)BSE ₹1,18,010.20
Share price at the NSE close on 27 Oct 2026. Previous close ₹1,17,380.00.
27 Oct: open ₹1,17,980.00, high ₹1,18,600.00, low ₹1,17,555.00
52-week range of traded prices to 27 Oct 2026
₹1,16,700.00Low, 23 Oct 2026₹1,62,065.00High, 28 Oct 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹50,058 Cr181st largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 20.73
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 2.39
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.20%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 12.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 13.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.11
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 2,14553.0% delivered
About MRF
MRF Limited makes tyres for vehicles from two-wheelers to fighter aircraft, along with tubes, flaps (the rubber strip between the tube and the wheel rim) and tread rubber (the rubber used to retread worn tyres), at factories across India.12 It sells to vehicle makers, which fit its tyres on new vehicles (original equipment), and to the replacement market.3 The company is based in Chennai.4
The group, apart from MRF Corp and the MRF Foundation, makes rubber products and treats them as one segment; MRF Corp makes speciality coatings.5 The company has 4 subsidiaries: MRF Corp and MRF International in India, MRF Lanka in Sri Lanka, and MRF SG in Singapore, which supplies it with raw materials.678 MRF SG formed a further subsidiary, MRF DB FZCO, in the United Arab Emirates in May 2025.6 The company had 16,283 employees at 31 Mar 2026.9
MRF Limited was incorporated on 5 Nov 1960 and is the parent of the MRF Group.1 Its promoters include K M Mammen, its Chairman and Managing Director, and his brother Arun Mammen, Vice Chairman and Managing Director.1011
MRF key points
Results
- Consolidated revenue from operations was ₹31,149 crore in the year to Mar 2026, against ₹28,153 crore a year earlier, and profit after tax was ₹2,426 crore, against ₹1,873 crore.12
- On a standalone basis (the company without its subsidiaries), earnings before interest, depreciation and tax, a measure of operating profit, were ₹5,178 crore in the year to Mar 2026, against ₹4,359 crore a year earlier.13
- The company states that its return on net worth (profit as a share of shareholders' funds) rose to 12.20% in the year to Mar 2026 from 10.53%.14
- The board recommended a final dividend of ₹229 per share of ₹10, making ₹235 per share for the year to Mar 2026, for approval at the annual general meeting of 6 Aug 2026; the company's documents give no outcome.1516
Products and launches
- The company says it was the first in India to supply 20-inch rim size tyres to vehicle makers for passenger vehicles sold in India, and it has introduced acoustic foam tyres that reduce cabin noise in electric vehicles.17
- It has entered the superbike (high-performance motorcycle) tyre market; its Steel Brace Sport Pro Series steel radial tyre is approved for the Suzuki Hayabusa.18
- It introduced 3 new E-Savari tyre patterns for passenger and load-carrying electric rickshaws; the company says tubeless construction is a first in this segment.19
- Two-wheeler makers fit its tyres on premium models they export to markets including Europe, Brazil and the US, the company says.20
Revenue mix
- Consolidated revenue from customers by product (₹ crore)21
Item year to Mar 2026 year to Mar 2025 Automobile tyres 28,260.69 25,397.99 Automobile tubes 1,697.15 1,537.18 Speciality coatings 481.64 471.59 Others 454.66 536.34
Plants and capacity
Research and development
- In the year to Mar 2026 the company spent ₹254.77 crore of capital and ₹228.50 crore of recurring expenses on research and development.25
- It has developed low rolling resistance tyres (tyres that lose less energy as they roll) to meet the R117 and AIS 142 regulatory standards for tyres, and tyres with low pass-by noise approved by Indian and global carmakers.26
- The company says it imported no technology in the last 3 years and has relied on its own tyre technology for several decades.25
What the company expects
- The company stated in its annual report for the year to Mar 2026 that it expects margins to be affected by higher commodity prices and transport costs, and expects to continue its growth.27
- The company stated in its annual report for the year to Mar 2026 that, expecting global supply chain and economic conditions to stabilise, its export business is positioned to resume growth in the year ahead, mainly through expansions in Africa, South East Asia and Europe.2829
- The company stated in its annual report for the year to Mar 2026 that it plans new additions in the truck radial and farm radial categories, which it expects to add to its business in Europe and the Americas.29
Litigation and regulatory matters
- A Kerala order of September 2026 correcting an earlier assessment cut a central sales tax (tax on interstate sales) demand from ₹91.53 crore to ₹36.19 crore; on 7 Oct 2026 the company said it is examining the order with a view to challenging the demand.30
- On 11 May 2026 the company said the Income Tax Appellate Tribunal ruled on its appeals over ₹89.62 crore and ₹92.46 crore, allowing the second on major grounds and sending remaining matters back for fresh verification; both tax demands fell to nil.3132
- On 16 Mar 2026 the Customs, Excise and Service Tax Appellate Tribunal in Chennai allowed the company's appeal against an excise duty demand of ₹221.31 crore over the valuation of its goods.33
Last updated
All 33 sources, each with its page
- 1. Annual report, 14 Jul 2026, page 101
- 2. Annual report, 14 Jul 2026, page 105
- 3. Annual report, 14 Jul 2026, page 55
- 4. Annual report, 14 Jul 2026, page 2
- 5. Annual report, 14 Jul 2026, page 210
- 6. Annual report, 14 Jul 2026, page 33
- 7. Annual report, 14 Jul 2026, page 173
- 8. Annual report, 14 Jul 2026, page 52
- 9. Annual report, 14 Jul 2026, page 58
- 10. Annual report, 14 Jul 2026, page 60
- 11. Annual report, 14 Jul 2026, page 62
- 12. Annual report, 14 Jul 2026, page 32
- 13. Annual report, 14 Jul 2026, page 57
- 14. Annual report, 14 Jul 2026, page 57
- 15. Annual report, 14 Jul 2026, page 33
- 16. Annual report, 14 Jul 2026, page 2
- 17. Annual report, 14 Jul 2026, page 55
- 18. Annual report, 14 Jul 2026, page 24
- 19. Annual report, 14 Jul 2026, page 23
- 20. Annual report, 14 Jul 2026, page 56
- 21. Annual report, 14 Jul 2026, page 210
- 22. Annual report, 14 Jul 2026, page 210
- 23. Annual report, 14 Jul 2026, page 32
- 24. Annual report, 14 Jul 2026, page 72
- 25. Annual report, 14 Jul 2026, page 40
- 26. Annual report, 14 Jul 2026, page 39
- 27. Annual report, 14 Jul 2026, page 58
- 28. Annual report, 14 Jul 2026, page 56
- 29. Annual report, 14 Jul 2026, page 57
- 30. Exchange filing, 7 Oct 2026, page 1
- 31. Exchange filing, 11 May 2026, page 2
- 32. Exchange filing, 11 May 2026, page 3
- 33. Exchange filing, 17 Mar 2026, page 1
Results
Consolidated; ₹ crore.MRF quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +11.4%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +34.3%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹8,416 Crup 4.62%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹495 Crdown 29.46%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 5.9%
Revenue by quarter
Peak revenue ₹8,416 Cr, quarter to Jun 2026; lowest ₹6,881 Cr, quarter to Sep 2024
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6,881 | 7,001 | 7,075 | 7,676 | 7,379 | 8,050 | 8,044 | 8,416 |
| Net profit | 471 | 315 | 512 | 500 | 526 | 692 | 702 | 495 |
| Net margin | 6.8% | 4.5% | 7.2% | 6.5% | 7.1% | 8.6% | 8.7% | 5.9% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹31,149 Crup 10.64%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹2,426 Crup 29.79%
- Net margin
- 7.8%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 14,923what Revenue, Mar 2017, includes. This period's revenue includes excise duty of ₹1,517 crore, a tax on the goods the company makes that it collects and pays to the government. | 15,411what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹411 crore, a tax on the goods the company makes that it collects and pays to the government. | 16,062 | 16,239 | 16,163 | 19,317 | 23,009 | 25,169 | 28,153 | 31,149 |
| Net profit | 1,486 | 1,132 | 1,131 | 1,423 | 1,277 | 669 | 769 | 2,081 | 1,869 | 2,426 |
| Net margin | 10.0% | 7.3% | 7.0% | 8.8% | 7.9% | 3.5% | 3.3% | 8.3% | 6.6% | 7.8% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, The Company is dealing mainly in rubber products and has no other reportable segment, which carries all its revenue.
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.MRF PE ratio and valuation
Price to earnings
At or below today's level on 11% of 2,478 trading days over the last 10 years.
LowestHighest
Its median26.44Industry median24.68
Price to book
At or below today's level on 22% of 1,974 trading days since Nov 2018.
LowestHighest
Its median2.66Industry median2.00
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 93% of 2,478 trading days over the last 10 years.
LowestHighest
Its median0.15%Industry median1.44%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +14.2% | +29.8% | −12.1% | 0.2% |
| 3 years | +15.4% | +46.7% | −21.5% | 0.2% |
| 5 years | +9.5% | +13.7% | −3.8% | 0.2% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Mutual fund holdings
114 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 42 of the 51 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 114 funds holding MRF
- AddedAdded. Funds that held more shares than at the end of the month before.
- 24
- CutCut. Funds that held fewer shares than at the end of the month before.
- 27
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 61
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 5
| Fund | |||
|---|---|---|---|
 SBI Aggressive Hybrid FundSBI Mutual Fund | 1,70,000 | 2.47% | ₹2,129.8 Cr |
 Kotak Mid Cap FundKotak Mahindra Mutual Fund | 48,922 | 0.92% | ₹612.9 Cr |
| Kotak Flexi Cap FundKotak Mahindra Mutual Fund | 38,000 | 0.90% | ₹476.1 Cr |
 Edelweiss Mid Cap FundEdelweiss Mutual Fund | 14,180 | 0.92% | ₹177.6 Cr |
 ICICI Prudential Large & Mid Cap FundICICI Prudential Mutual Fund | 10,305 | 0.41% | ₹129.1 Cr |
 UTI Large Cap FundUTI Mutual Fund | 6,191 | 0.68% | ₹77.6 Cr |
 HDFC Transportation and Logistics FundHDFC Mutual Fund | 4,900 | 3.00% | ₹61.4 Cr |
 Canara Robeco Mid Cap FundCanara Robeco Mutual Fund | 3,690 | 0.93% | ₹46.2 Cr |
| Kotak Aggressive Hybrid FundKotak Mahindra Mutual Fund | 3,332 | 0.46% | ₹41.7 Cr |
 Tata Ethical FundTata Mutual Fund | 2,450 | 0.85% | ₹30.7 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 28 Oct 2025.MRF insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade · 1 pledge filing of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
MRF competitors and peers
Tyres & Rubber Products, 20 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to MRF in market cap.Automobile companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Balkrishna IndustriesBALKRISIND | 41,453 | 29.49 | 3.78 | +9.8% | −3.3% | 13.2% | 11.6% | 0.75% |
 Apollo TyresAPOLLOTYRE | 24,343 | 14.25 | 1.46 | +11.2% | +105.3% | 10.9% | 13.4% | 1.57% |
 CEATCEATLTD | 12,726 | 24.68 | 2.57 | +24.5% | +4.2% | 10.8% | 13.9% | 1.11% |
 JK Tyre & IndustriesJKTYRE | 8,754 | 17.69 | 1.44 | +12.5% | −7.6% | 8.8% | 10.0% | 1.32% |
 TVS SrichakraTVSSRICHAK | 3,145 | 34.05 | 2.64 | +18.6% | +244.5% | 7.8% | 8.5% | 0.92% |
 Goodyear IndiaGOODYEAR | 1,542 | 28.61 | 2.54 | +0.8% | +21.9% | 8.9% | 11.8% | 3.96% |
 MegamontMEGAMONT | 565 | – | 16.72 | – | – | −0.8% | 0.6% | 0.00% |
 Tolins TyresTOLINS | 326 | 10.00 | 0.90 | +3.5% | −16.6% | 9.5% | 10.5% | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.MRF dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹235.00 a share, years to Mar 2025 and Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 17 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹229.00 |
| 13 Feb 2026 | Interim | ₹3.00 |
| 21 Nov 2025 | Interim | ₹3.00 |
| 18 Jul 2025 | Final | ₹229.00 |
| 14 Feb 2025 | Interim | ₹3.00 |
| 19 Nov 2024 | Interim | ₹3.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.MRF announcements
Oct 2026
Aug 2026
11 Aug · Results
Jul 2026
30 Jul · Board meeting
MRF share price by year
Each calendar year to 2025.MRF share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,52,855.00 | +17.0% | 1,62,295.00 | 1,02,659.40 |
| 2024 | 1,30,634.85 | +0.8% | 1,50,725.00 | 1,19,354.30 |
| 2023 | 1,29,579.25 | +46.4% | 1,29,579.25 | 82,012.00 |
| 2022 | 88,535.45 | +20.7% | 94,900.10 | 63,945.60 |
| 2021 | 73,338.00 | −3.2% | 96,973.85 | 69,950.50 |
| 2020 | 75,750.45 | +14.2% | 80,114.50 | 51,970.25 |
| 2019 | 66,330.30 | −1.0% | 66,978.55 | 52,424.85 |
| 2018 | 66,984.70 | −7.4% | 80,860.45 | 61,022.20 |
| 2017 | 72,357.05 | +48.0% | 74,062.00 | 49,084.40 |
| 2016 | 48,905.65 | +22.6% | 53,892.80 | 31,164.45 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 1,17,910.00 | 1,18,795.00 | 1,16,720.00 | 1,17,380.00 | 1,17,631.25 | 2,370 | 39.4% |
| 23 Oct 2026 | 1,19,200.00 | 1,19,295.00 | 1,16,700.00 | 1,17,915.00 | 1,17,412.62 | 3,019 | 40.4% |
| 22 Oct 2026 | 1,20,880.00 | 1,20,880.00 | 1,18,605.00 | 1,18,860.00 | 1,19,106.93 | 2,724 | 47.7% |
| 21 Oct 2026 | 1,22,000.00 | 1,22,095.00 | 1,19,800.00 | 1,20,880.00 | 1,20,716.02 | 3,714 | 41.9% |
| 19 Oct 2026 | 1,22,595.00 | 1,22,940.00 | 1,21,615.00 | 1,21,905.00 | 1,22,243.19 | 2,209 | 43.9% |
| 16 Oct 2026 | 1,22,270.00 | 1,23,255.00 | 1,21,600.00 | 1,22,790.00 | 1,22,637.13 | 2,376 | 43.8% |
| 15 Oct 2026 | 1,22,490.00 | 1,22,515.00 | 1,21,310.00 | 1,22,270.00 | 1,21,911.12 | 3,718 | 49.7% |
| 14 Oct 2026 | 1,22,800.00 | 1,22,800.00 | 1,22,000.00 | 1,22,365.00 | 1,22,356.01 | 2,001 | 54.1% |
| 13 Oct 2026 | 1,22,590.00 | 1,22,895.00 | 1,21,805.00 | 1,22,510.00 | 1,22,416.99 | 1,110 | 43.3% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- MRF
- BSE code
- 500290
- ISIN
- INE883A01011
- Industry
- Auto Components
- Website
- www.mrftyres.com
- CIN
- L25111TN1960PLC004306
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1960
- Registered office
- 114, Greams Road, Chennai 600006, Tamil Nadu
- Share registrar
- The company itself
- Keeps the register of shareholders and handles transfers and dividend payments
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