MRF Ltd.
NSE: MRF · Tyres & Rubber Products
Snapshot
Unlock MRF Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
MRF Limited is a leading Indian manufacturer of rubber products, primarily specialising in a comprehensive range of tyres for diverse vehicle segments including trucks, passenger cars, and two-wheelers. Beyond its core tyre business, the company maintains a diversified portfolio that includes paints, coatings, toys, and motorsports, alongside an extensive service network for vehicle maintenance.
Business Model
The company generates revenue through the manufacturing and sale of rubber products and tyres, supported by a vast distribution network of approximately 5,000 dealers. It further enhances its value proposition by operating specialised service centres that provide diagnostic, maintenance, and safety-related automotive services.
- Dealer Network:5,000+
Growth Outlook
Growth is driven by the expansion of its retail service footprint and the continuous diversification of its product offerings across the automotive and industrial sectors. The company leverages its established brand equity to maintain market leadership in the competitive Indian tyre industry.
Key Risks
- Raw Material Price Volatility. Fluctuations in the prices of natural rubber and crude oil derivatives significantly impact the company's operating margins.
- Cyclical Automotive Demand. The company's performance is closely tied to the cyclical nature of the automotive industry and overall economic growth.
- Intense Market Competition. MRF faces stiff competition from both domestic players and global tyre manufacturers operating within the Indian market.
- Regulatory and Environmental Standards. Stricter environmental regulations regarding manufacturing processes and tyre disposal could increase compliance costs.
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Key Metrics
REVENUE
₹31,889 Cr
TTM · consolidated
NET PROFIT
₹2,415 Cr
TTM · consolidated
EPS
₹5,694.38
TTM · consolidated
RETURN ON EQUITY
12.2%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
16.3%
TTM · consolidated
P/E
22.8x
Q1 FY27 · consolidated
EV/EBITDA
10.6x
Q1 FY27 · consolidated
EBITDA MARGIN
16.9%
TTM · consolidated
NET PROFIT MARGIN
5.9%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.1x
Q1 FY27 · consolidated
Peers · Tyres & Rubber Products
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
MRF Ltd.MRF | ₹55,112 Cr | 22.82 | 10.61 | 11.4% | 16.9% | 12.2% | 16.3% | -13.2% |
Balkrishna Industries Ltd.BALKRISIND | ₹44,165 Cr | 31.42 | 17.32 | 9.8% | 24.2% | 13.2% | 16.5% | -2.3% |
Apollo Tyres Ltd.APOLLOTYRE | ₹27,281 Cr | 15.92 | 6.69 | 11.2% | 14.7% | 10.9% | 10.3% | -11.5% |
Ceat Ltd.CEATLTD | ₹13,483 Cr | 22.82 | 7.96 | 21.5% | 12.5% | 12.5% | 18.6% | -0.3% |
JK Tyre & Industries Ltd.JKTYRE | ₹10,590 Cr | 15.85 | 7.81 | 9.9% | 11.8% | 12.0% | 13.5% | +6.6% |
TVS Srichakra LimitedTVSSRICHAK | ₹4,010 Cr | 43.41 | 14.04 | 18.6% | 8.7% | 7.8% | 10.7% | +80.6% |
As of Q1 FY27
Financials
MRF Ltd.
NSE: MRF · Tyres & Rubber Products
Snapshot
Unlock MRF Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
MRF Limited is a leading Indian manufacturer of rubber products, primarily specialising in a comprehensive range of tyres for diverse vehicle segments including trucks, passenger cars, and two-wheelers. Beyond its core tyre business, the company maintains a diversified portfolio that includes paints, coatings, toys, and motorsports, alongside an extensive service network for vehicle maintenance.
Business Model
The company generates revenue through the manufacturing and sale of rubber products and tyres, supported by a vast distribution network of approximately 5,000 dealers. It further enhances its value proposition by operating specialised service centres that provide diagnostic, maintenance, and safety-related automotive services.
- Dealer Network:5,000+
Growth Outlook
Growth is driven by the expansion of its retail service footprint and the continuous diversification of its product offerings across the automotive and industrial sectors. The company leverages its established brand equity to maintain market leadership in the competitive Indian tyre industry.
Key Risks
- Raw Material Price Volatility. Fluctuations in the prices of natural rubber and crude oil derivatives significantly impact the company's operating margins.
- Cyclical Automotive Demand. The company's performance is closely tied to the cyclical nature of the automotive industry and overall economic growth.
- Intense Market Competition. MRF faces stiff competition from both domestic players and global tyre manufacturers operating within the Indian market.
- Regulatory and Environmental Standards. Stricter environmental regulations regarding manufacturing processes and tyre disposal could increase compliance costs.
Start your research today
Unlock AI insights, financials, peers and live data on MRF Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹31,889 Cr
TTM · consolidated
NET PROFIT
₹2,415 Cr
TTM · consolidated
EPS
₹5,694.38
TTM · consolidated
RETURN ON EQUITY
12.2%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
16.3%
TTM · consolidated
P/E
22.8x
Q1 FY27 · consolidated
EV/EBITDA
10.6x
Q1 FY27 · consolidated
EBITDA MARGIN
16.9%
TTM · consolidated
NET PROFIT MARGIN
5.9%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.1x
Q1 FY27 · consolidated
Peers · Tyres & Rubber Products
As of Q1 FY27