MRF Limited (IN:MRF)
:MRF
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MRF Limited
(MRF)
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Rating:67Neutral
Price Target:
₹137,721
▼(-8.47% Downside)
Action:ReiteratedDate:02/07/26
The score is driven primarily by strong financial performance (revenue growth and a robust, low-leverage balance sheet). This is tempered by weaker technical signals (negative MACD and trading below key longer-term moving averages) and only fair valuation support (P/E ~25.7 with a very low dividend yield).
Positive Factors
Consistent revenue growth
Sustained multi-year top-line growth demonstrates expanding volumes and market share across OEM and replacement channels. Over 2-6 months this underpins scale advantages, supports capacity utilization, and provides a stable base for reinvestment and product mix optimization.
Negative Factors
Volatile free cash flow
Irregular free cash flow reduces predictability of internally funded investments and raises short-term liquidity risk. Recent FCF decline suggests higher capex or working capital drawdowns; if sustained this can constrain dividends, buybacks or financial flexibility during demand weakness.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth
Sustained multi-year top-line growth demonstrates expanding volumes and market share across OEM and replacement channels. Over 2-6 months this underpins scale advantages, supports capacity utilization, and provides a stable base for reinvestment and product mix optimization.
Read all positive factors
MRF Limited (MRF) vs. iShares MSCI India ETF (INDA)
Market Cap
₹590.71B
Dividend Yield0.15%
Average Volume (3M)353.00
Price to Earnings (P/E)23.4
Beta (1Y)1.05
Revenue Growth9.56%
EPS Growth-4.82%
CountryIN
Employees19,209
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)1772.00
Shares Outstanding4,241,143
10 Day Avg. Volume287
30 Day Avg. Volume353
Financial Highlights & Ratios
PEG Ratio-2.52
Price to Book (P/B)2.59
Price to Sales (P/S)1.70
P/FCF Ratio85.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)6,123.6
Revenue Forecast (FY)₹337.01B
MRF Limited Business Overview & Revenue Model
Company Description
MRF Limited, together with its subsidiaries, manufactures, sells, and trades in rubber products in India and internationally. The company provides rubber products, such as tires, tubes, flaps, and tread rubber; tires for trucks, farm vehicles, LCV...
How the Company Makes Money
MRF primarily makes money by manufacturing and selling tyres, which are sold through two main channels: (1) OEM supply, where tyres are supplied to vehicle manufacturers for fitment on new vehicles, and (2) the replacement market, where tyres are ...
MRF Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
75
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 291.48B | 281.71B | 251.74B | 230.15B | 193.32B | 161.85B |
| Gross Profit | 100.62B | 99.20B | 97.91B | 72.98B | 64.95B | 66.46B |
| EBITDA | 42.81B | 40.17B | 41.95B | 23.48B | 20.70B | 29.52B |
| Net Income | 18.54B | 18.69B | 20.81B | 7.69B | 6.69B | 12.77B |
Balance Sheet | ||||||
| Total Assets | 303.20B | 295.67B | 268.49B | 243.69B | 230.60B | 225.82B |
| Cash, Cash Equivalents and Short-Term Investments | 47.54B | 39.28B | 27.47B | 22.23B | 34.05B | 49.11B |
| Total Debt | 36.31B | 37.71B | 28.21B | 30.14B | 32.29B | 23.88B |
| Total Liabilities | 108.79B | 110.78B | 101.46B | 96.62B | 90.28B | 91.68B |
| Stockholders Equity | 194.41B | 184.88B | 167.03B | 147.08B | 140.32B | 134.14B |
Cash Flow | ||||||
| Free Cash Flow | 12.52B | 5.60B | 11.38B | -5.36B | -22.85B | 34.72B |
| Operating Cash Flow | 18.70B | 18.68B | 33.01B | 27.55B | -5.78B | 43.25B |
| Investing Cash Flow | -15.94B | -20.82B | -23.79B | -19.23B | 1.65B | -50.86B |
| Financing Cash Flow | -4.51B | 2.82B | -8.68B | -8.40B | 4.24B | -2.50B |
MRF Limited Technical Analysis
Neutral
150467.60
Price Trends
137779.90
Positive
143477.25
Negative
146806.53
Negative
Market Momentum
199.36
Negative
59.98
Neutral
93.45
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MRF, the sentiment is Neutral. The current price of 150467.6 is above the 20-day moving average (MA) of 131476.13, above the 50-day MA of 137779.90, and above the 200-day MA of 146806.53, indicating a neutral trend. The MACD of 199.36 indicates Negative momentum. The RSI at 59.98 is Neutral, neither overbought nor oversold. The STOCH value of 93.45 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MRF.
MRF Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹590.71B | 23.43 | ― | 0.15% | 9.56% | -4.82% | |
64 Neutral | ₹280.40B | 16.87 | ― | 0.98% | 4.36% | -45.33% | |
64 Neutral | ₹153.58B | 24.70 | ― | 0.77% | 12.61% | -12.56% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | ₹280.07B | 39.67 | ― | 0.54% | 2.19% | -5.70% | |
56 Neutral | ₹120.84B | 17.24 | ― | 0.59% | 4.55% | -30.30% | |
56 Neutral | ₹472.03B | 69.47 | ― | 1.05% | 1.68% | -22.27% |
* Consumer Cyclical Sector Average
IN:MRF
MRF Limited
139,494.50
12,122.55
9.52%
IN:APOLLOTYRE
Apollo Tyres Limited.
442.15
-12.43
-2.74%
IN:CEATLTD
CEAT Limited
3,801.40
832.64
28.05%
IN:EXIDEIND
Exide Industries Limited
333.10
-46.21
-12.18%
IN:JKTYRE
JK Tyre & Industries Limited
423.85
114.74
37.12%
IN:SUPREMEIND
Supreme Industries Limited
3,665.40
167.66
4.79%
MRF Limited Corporate Events
MRF Seeks Shareholder Nod via Postal Ballot for Revision in Top Executives’ Pay
Feb 26, 2026
MRF Limited has initiated a postal ballot process to seek shareholder approval for revisions in the remuneration packages of its top leadership, including the Chairman and Managing Director, Vice Chairman and Managing Director, Managing Director, ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.