MRF Limited (MRF) AI Stock Analysis

• Market Cap: ₹596.14B
• Dividend Yield: 0.17%
• Average Volume (3M): 409.00
• Price to Earnings (P/E): 33.1
• Beta (1Y): 1.05
• Revenue Growth: 10.44%
• EPS Growth: -12.83%
• Country: IN
• Employees: 19,209
• Sector: Consumer Cyclical
• Sector Strength: 71
• Industry: Auto - Parts
• EPS (TTM): 1142.00
• Shares Outstanding: 4,241,143
• 10 Day Avg. Volume: 290
• 30 Day Avg. Volume: 409
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹125,147.33
• Price Target Upside: -9.87% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 3

• Rating: 66 Neutral
• Price Target: ₹154,122 ▲(11.00% Upside)

MRF Limited's strong financial performance, characterized by consistent revenue growth and solid balance sheet, is the primary driver of its stock score. However, technical indicators suggest mixed momentum, and the high valuation poses a potential risk if growth expectations are not met. The absence of recent earnings call data and corporate events limits additional insights.

MRF Limited Business Overview & Revenue Model

Company Description

MRF Limited, established in 1946, is an Indian multinational company headquartered in Chennai, India. It is one of the largest manufacturers of tyres in India and the sixth-largest in the world. The company operates in multiple sectors, including tyre manufacturing, retreading, and the production of rubber products such as conveyor belts, paints, and toys. MRF has a strong presence in the automotive industry, supplying a diverse range of tyres for vehicles including motorcycles, cars, trucks, and buses.

How the Company Makes Money

MRF Limited primarily makes money through the manufacturing and sale of tyres, which is its core business. The company has a comprehensive product portfolio that caters to various segments of the automotive industry, including passenger vehicles, commercial vehicles, farm machinery, and two-wheelers. Revenue is generated from both domestic sales in India and exports to international markets. MRF also earns income from its ancillary products and services, including retreading operations and the sale of rubber products like conveyor belts and paints. The company's extensive distribution network, brand strength, and continuous investment in research and development contribute significantly to its revenue generation. Additionally, strategic partnerships with automobile manufacturers enhance its market presence and drive sales.

MRF Limited Financial Statement Overview

Summary

MRF Limited shows strong financial performance with consistent revenue growth and effective cash flow management. The balance sheet is solid with prudent leverage. However, there is some volatility in profitability margins and recent free cash flow reductions suggest increased capital investments, indicating a need for careful monitoring.

Income Statement

MRF Limited's revenue has shown consistent growth, increasing from 160,766.7M in 2021 to 281,531.8M in 2025. The gross profit margin remained stable, with a slight increase in recent years, indicating efficient cost management. However, the net profit margin has fluctuated due to varied net income figures, with a noticeable decline in EBIT and EBITDA margins in 2025, which may suggest increased operational costs or pricing pressures.

Balance Sheet

The company's balance sheet is robust, with a healthy equity ratio indicating strong shareholder equity backing. The debt-to-equity ratio is consistently low, reflecting conservative leverage practices. However, a significant portion of assets is tied up in liabilities, which could limit flexibility in adverse market conditions. Return on equity shows a positive trend, driven by growing net income relative to stockholder equity.

Cash Flow

Cash flows are positive, with operating cash flow consistently exceeding net income, suggesting effective cash generation from operations. However, free cash flow has been volatile, reflecting varying levels of capital expenditure. The recent reduction in free cash flow may indicate increased investment activities, which could either return future benefits or pose liquidity risks.

Breakdown	Mar 2024	Mar 2025	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	251.69B	281.53B	230.09B	190.27B	160.77B
Gross Profit	96.23B	102.27B	75.69B	60.59B	64.88B
EBITDA	45.74B	44.93B	26.45B	23.72B	31.55B
Net Income	20.81B	18.69B	7.69B	6.69B	12.77B
Balance Sheet
Total Assets	268.49B	295.67B	243.69B	230.60B	225.82B
Cash, Cash Equivalents and Short-Term Investments	27.47B	39.83B	23.38B	34.05B	49.11B
Total Debt	28.21B	37.71B	30.14B	32.29B	23.62B
Total Liabilities	101.46B	110.78B	96.62B	90.28B	91.68B
Stockholders Equity	167.03B	184.88B	147.08B	140.32B	134.14B
Cash Flow
Free Cash Flow	11.38B	5.60B	-5.36B	-22.85B	34.72B
Operating Cash Flow	33.01B	18.68B	27.55B	-5.78B	43.25B
Investing Cash Flow	-23.79B	-20.82B	-19.23B	1.65B	-50.86B
Financing Cash Flow	-8.68B	2.82B	-8.40B	4.24B	-2.50B

MRF Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 138854.80
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MRF, the sentiment is Negative. The current price of 138854.8 is below the 20-day moving average (MA) of 147154.48, below the 50-day MA of 143482.77, and above the 200-day MA of 127305.31, indicating a neutral trend. The MACD of -638.54 indicates Positive momentum. The RSI at 37.30 is Neutral, neither overbought nor oversold. The STOCH value of 30.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MRF.

MRF Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SUPREMEIND	73 Outperform	₹536.15B	60.25		0.79%	0.16%	-21.08%
MRF	66 Neutral	₹596.14B	33.14		0.17%	10.44%	-12.83%
APOLLOTYRE	65 Neutral	₹283.54B	34.07		1.12%	3.46%	-48.85%
EXIDEIND	63 Neutral	₹320.45B	37.79		0.53%	3.17%	-3.03%
Sector *	63 Neutral	AU$3.11B	28.69	25.32%	4.52%	2.39%	-30.11%
CEATLTD	60 Neutral	₹125.90B	29.22		0.95%	11.09%	-33.93%
JKTYRE	58 Neutral	₹85.99B	19.15		0.96%	―	-50.24%