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MRF Ltd.
MRFMid CapNSEBSE
Automobile · Automobile and Auto Components
₹1,32,615.00down 985.00down 0.74 percentas of 28 Aug 2026
Book value ₹49,116.67Div yield 0.18%
Key metrics
- Market Cap
- 56,129.37 ₹ cr
- P/E
- 23.36 x
- P/B
- 2.70 x
- ROE
- 10.41%
- ROCE
- 13.36%
- Debt to Equity
- 0.18 x
- Net Margin
- 9.54%
- Dividend Yield
- 0.18%
- Revenue Growth (YoY)
- 9.64%
Observations
Mechanical observations generated from stored data, not analysis or opinion. Each one names the threshold that produced it — the ROCE check below uses 20%, a fixed default rather than a value tailored to this company.
- ROCE below 20% in each of the last 3 financial years (2023-2024, 2024-2025, 2025-2026).
- Revenue grew year-on-year in each of the last 3 years.
- Net margin declined year-on-year in 1 of the last 3 years.
- Promoter holding 27.8% (pledge data not available).
- Debt-to-equity 0.18 — below the Automobile and Auto Components median of 0.36.
MRF
₹1,32,615.00down 0.74 percent
EOD Synced: 28 Aug 2026 18:30 ISTOverview & Live Price Chart
Executive Investment Verdict & Quality Synthesis
Autonomous V2Multi-dimensional quantitative synthesis across capital efficiency, forensic accounting, intrinsic valuation, and ownership governance.
Factual Quantitative Consensus
1. Capital Efficiency & MoatModerate Return
13.56%ROCE
ROE: 11.57%·P/B: 2.70x
2. Forensic Health & SolvencyPiotroski 9/9 · Strong Health
9/9Piotroski Score
Altman: 6.0 (Safe Zone)
3. Valuation & DCF SpreadOvervalued
₹1,09,533DCF Fair Value
CMP: ₹1,32,615.0
4. Ownership & GovernanceClean Promoter Holding
27.77%Promoter Stake
Pledged: 0.0%·Inst: 24.51%
Institutional Factor Scores
QVGM Factor Grade Matrix
Institutional Multi-Factor Profile (QVGM)
Composite 0–100 percentile ranks normalized across all 500 universe constituents
Rank #22 of 31 in AutomobileQVGM 54/100
Quality (Q)53
ROE, ROCE, Margins & Cash Conversion
Value (V)56
P/E, P/B, EV/EBITDA vs Sector Benchmarks
Growth (G)64
3Y Sales & EPS Compounded Growth
Momentum (M)42
Relative Strength & Trend Position
TheScreener Radar™ 5-Pillar Quantitative Scorecard
Holistic quantitative radar evaluating fundamental quality, valuation multiples, balance sheet health, growth, and price momentum
Sector Rank:Rank #22 of 31 in Automobile
Valuation
Moderate56/100
P/E Ratio:23.36x
P/B Ratio:2.70x
Dividend Yield:0.18%
P/E, P/B, EV/EBITDA & Dividend Yield relative to 5Y medians and sector
Growth
Moderate64/100
3Y Sales CAGR:—
3Y PAT CAGR:—
Quarterly YoY:+12.4%
3-Year Compounded Sales & Net Profit Growth trajectory
Profitability
Moderate53/100
ROE:11.6%
ROCE:13.6%
OPM %:—
Return on Equity (ROE), ROCE & Operating Margin efficiency
Solvency & Health
Strong100/100
Piotroski F-Score:9/9
Altman Z-Score:6.00
Debt / Equity:0.00
Balance Sheet strength, Altman Z-Score & Piotroski F-Score checklist
Momentum
Moderate42/100
1Y Return:—
RSI (14):54.2
From 52W High:—
1-Year Relative Strength vs NIFTY 500, RSI-14 & 52W High distance
Quantitative Drivers & Growth Analysis
52-week corridor, deep valuation multiples, compounded CAGR trajectory, and institutional flow shifts
52-Week Low₹1,22,595.00
From 52W High-18.29%
52-Week High₹1,62,295.00
Valuation MultiplesCash Flow & Yield
PEG Ratio0.49
Earnings Yield0.11%
Price / FCF—
FCF Yield-0.30%
Payout Ratio167.20%
Net-Net Ratio-8.20
Solvency & SafetyPiotroski & Altman
Piotroski F-Score9/9
Altman Z-Score6.00
Graham Number₹12,462.80
1Y Flow & Margin ShiftsTrailing 12M
FII Stake:▼ 0.55%
DII Stake:▼ 0.66%
OPM Margin:▲ +1.18%
Net Margin:▲ +1.13%
Compounded Annual Growth Rate (CAGR Matrix)
Historical Fundamental Trajectory| Metric | QoQ Shift | YoY Shift | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Revenue Growth | ▲ +4.62% | ▲ +9.64% | 10.64% | 10.62% | 14.02% |
| Net Profit Growth | ▼ 30.05% | ▼ 1.02% | 29.51% | 46.67% | 13.69% |
| EPS Growth | ▼ 28.99% | ▼ 1.02% | 31.20% | 47.48% | 14.17% |
Intrinsic Valuation Models & DCF Sensitivity
Institutional DCF & Intrinsic Valuation Studio — MRF
2-Stage Discounted Cash Flow, Reverse DCF Implied Growth, and Benjamin Graham & Peter Lynch valuation benchmarks.
DCF Intrinsic Fair Value
₹1,12,317.2
Verdict:Overvalued (-15.3%)
Benjamin Graham Number
₹81,144.2
-38.8% vs CMPPeter Lynch Fair Value
₹55,518.9
-58.1% vs CMPReverse DCF Implied Growth
10.8% CAGR
Realistic Market ExpectationsValuation Spectrum PositioningCMP: ₹1,32,615.0
₹0 (Distress)CMP: ₹1,32,615DCF: ₹1,12,317Graham: ₹81,144
Scenario Calibration & Sensitivity Levers
Tune Discount Rate (WACC), 5-Year Growth, and Terminal Value to model bear, base, and bull cases.
Discount Rate (WACC)11.5%
Cost of Capital Hurdle
5-Year FCF Growth CAGR6.0%
Assumed stage-1 cash flow expansionTerminal Growth Rate4.5%
Long-term perpetual GDP growth rate5-Year Projected Cash Flow Schedule (₹ Cr)
| Projection Period | Growth Rate | Projected FCF | Discount Factor | Present Value |
|---|---|---|---|---|
| Year 1 | 6% | ₹3,345 | 0.8969 | ₹3,000 |
| Year 2 | 6% | ₹3,546 | 0.8044 | ₹2,852 |
| Year 3 | 6% | ₹3,759 | 0.7214 | ₹2,712 |
| Year 4 | 6% | ₹3,985 | 0.6470 | ₹2,578 |
| Year 5 | 6% | ₹4,224 | 0.5803 | ₹2,451 |
2D Sensitivity Matrix (WACC vs Terminal Growth Rate)
Click any cell to apply WACC & terminal growth scenario. Values in ₹ / share.| WACC \ g(Terminal) | 3.0% | 4.0% | 4.5% | 5.0% | 6.0% |
|---|---|---|---|---|---|
| 10.0% | ₹118385 -11% | ₹134738 +2% | ₹145145 +9% | ₹157633 +19% | ₹191976 +45% |
| 11.0% | ₹102467 -23% | ₹114296 -14% | ₹121575 -8% | ₹130068 -2% | ₹152149 +15% |
| 11.5% | ₹95915 -28% | ₹106121 -20% | ₹112317 -15% | ₹119467 -10% | ₹137666 +4% |
| 12.0% | ₹90093 -32% | ₹98969 -25% | ₹104295 -21% | ₹110381 -17% | ₹125597 -5% |
| 13.0% | ₹80200 -40% | ₹87053 -34% | ₹91084 -31% | ₹95619 -28% | ₹106632 -20% |
Discounted cash flow (DCF) and valuation models are quantitative projections based on user-supplied assumptions — not a forecast, not a guarantee of future performance, and not SEBI-registered investment advice. Actual financial performance and stock price movements may differ materially.
New to intrinsic valuation models? Learn how Discounted Cash Flow and Terminal Growth rates work.Read DCF Academy Guide →
Valuation history
P/E23.36current
ReportedComputed, approximate
P/B2.70current
ReportedComputed, approximate
The dashed line is computed from historical close price divided by the most recently reported annual EPS or book value — not IndianAPI's own figure, which only ever gives a single current reading with no history behind it. Real results are typically disclosed several weeks after the fiscal year ends, so a computed point right around a year transition can lag what the market actually knew that day. The solid line is the real reported figure.
EV/EBITDA is not shown — there is no verified source for it in our data feed, and estimating it would misrepresent an estimate as a reported figure.
| Date | P/E | P/B |
|---|---|---|
| 31 Aug 2026 | 23.36 | 2.70 |
Analyst Consensus, Price Targets & Forecasts
Analyst Consensus & Recommendations
Aggregated institutional equity research ratings · 31 Aug 2026
Hold(3.27 / 5)
Strong Buy:0
Buy:5
Hold:2
Sell:0
Strong Sell:4
Coverage: 11 contributing analystsScale: 1 (Strong Buy) – 5 (Strong Sell)
Ratings shown are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Risk Profile & Volatility
Statistical return volatility classification · 31 Aug 2026
Moderate risk
Low RiskModerate RiskHigh Risk
Annualised Standard Deviation:23.31%
Analyst Price Targets
12-month forward price consensus · 31 Aug 2026
Upside: +3.57%
Mean Target₹1,37,345.00vs CMP ₹1,32,615.00
High Target₹1,65,238.00+24.6% max upside
Low Target₹1,13,936.00-14.1% downside
Median Target₹1,42,000.0011 estimates
Low: ₹1,13,936.00Mean: ₹1,37,345.00High: ₹1,65,238.00
Mean Target Current Price (₹1,32,615.00)
Price targets are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Forward Financial Forecasts & Consensus Estimates
Institutional broker consensus estimates and forward earnings trajectory
FY2024EConsensus
Mean Estimate
—
Low:—
High:—
FY2024EConsensus
Mean Estimate
—
Low:—
High:—
FY2024EConsensus
Mean Estimate
—
Low:—
High:—
FY2024EConsensus
Mean Estimate
—
Low:—
High:—
FY2025EConsensus
Mean Estimate
₹1207.48
Low:—
High:—
FY2025EConsensus
Mean Estimate
₹1346.38
Low:—
High:—
FY2025EConsensus
Mean Estimate
₹1109.85
Low:—
High:—
FY2025E1 Analysts
Mean Estimate
₹743.80
Low:—
High:—
FY2026EConsensus
Mean Estimate
—
Low:—
High:—
FY2026E1 Analysts
Mean Estimate
₹1180.04
Low:—
High:—
FY2026E2 Analysts
Mean Estimate
₹1239.38
Low:—
High:—
FY2026E1 Analysts
Mean Estimate
₹1623.30
Low:—
High:—
FY2027E1 Analysts
Mean Estimate
₹1167.97
Low:—
High:—
FY2027E1 Analysts
Mean Estimate
₹946.40
Low:₹946.00
High:₹946.00
FY2027E1 Analysts
Mean Estimate
₹1210.40
Low:₹1210.00
High:₹1210.00
FY2027E1 Analysts
Mean Estimate
₹1297.40
Low:₹1297.00
High:₹1297.00
| Period / Fiscal Year | Consensus Mean | Bull Case (High) | Bear Case (Low) | Brokers |
|---|---|---|---|---|
| FY2024 Forecast | — | — | — | — |
| FY2024 Forecast | — | — | — | — |
| FY2024 Forecast | — | — | — | — |
| FY2024 Forecast | — | — | — | — |
| FY2025 Forecast | ₹1207.48 | — | — | — |
| FY2025 Forecast | ₹1346.38 | — | — | — |
| FY2025 Forecast | ₹1109.85 | — | — | — |
| FY2025 Forecast | ₹743.80 | — | — | 1 |
| FY2026 Forecast | — | — | — | — |
| FY2026 Forecast | ₹1180.04 | — | — | 1 |
| FY2026 Forecast | ₹1239.38 | — | — | 2 |
| FY2026 Forecast | ₹1623.30 | — | — | 1 |
| FY2027 Forecast | ₹1167.97 | — | — | 1 |
| FY2027 Forecast | ₹946.40 | ₹946.00 | ₹946.00 | 1 |
| FY2027 Forecast | ₹1210.40 | ₹1210.00 | ₹1210.00 | 1 |
| FY2027 Forecast | ₹1297.40 | ₹1297.00 | ₹1297.00 | 1 |
Third-party broker forecasts compiled from institutional research houses, not IndiScreener's proprietary estimates. Provided strictly for analytical benchmarking and does not constitute investment advice.
Forensic Accounting Audit & Solvency Risk
Accounting Health & Governance Quality Radar
Algorithmic accounting analysis across balance sheet solvency, cash conversion efficiency, and ownership stability.
Clean Governance & Solvency
Financial Strengths & Catalysts
4 Factors- •Company maintains conservative leverage with D/E of 0.15x.
- •Company has reduced borrowings by 15.0% over the last fiscal year.
- •Net profit has grown at an impressive 46.7% CAGR over 3 years.
- •Strong cash generation: Operating Cash Flow is 189.2% of reported Net Profit.
Risk Factors & Watchouts
0 WatchoutsClean profile: No major debt, leverage, or working capital red flags detected.
Forensic Accounting & Health Audit
Piotroski F-Score, Altman Z-Score Distress Model & Beneish Earnings Manipulation Checks
Piotroski F-Score9 / 9
● Strong (High Quality)
Altman Z-Score6.00
● Safe Zone
Negligible risk of financial distress over the next 2 years.
Beneish M-Score-2.89
● Low Risk (Clean Accounting)
Cash flows closely match reported earnings with conservative accruals.
Learn how Piotroski F-Score (9 criteria) and Altman Z-Score detect earnings manipulation and bankruptcy risk.Read Forensic Guide →
10-Year Financial Statements & DuPont ROE
Financial Statements
consolidated · amounts in ₹ Crores
Accounting Flow:
Wall Street Cash Flow & Free Cash Flow (FCF) Cascade
FY26 (2025-2026)3-Stage institutional flow from reported earnings to owner Free Cash Flow and capital allocation
FCF Conversion Rate (FCF / PAT)
130.1%Elite Cash Quality (>100%)
Measures how much reported accounting profit turns into real liquid cash.
Free Cash Flow Margin
10.1%of Gross Revenue
Liquid cash retained per ₹100 of top-line revenue generated.
CapEx Reinvestment Rate
31.2%of Operating Cash
Portion of operating cash reinvested in future capacity and maintenance.
Reported Net Profit (PAT)₹2,426 CrInflow
2,426
+ D&A Non-Cash Charge₹1,754 CrAdd-back
1,754
Working Capital Adjustment₹411 Cr+ Cash
411
= Operating Cash Flow (CFO)₹4,590 CrOperating Cash
4,590
- Capital Expenditures (CapEx)-₹1,434 CrReinvestment
1,434
= Free Cash Flow (FCF)₹3,156 CrFree Cash Flow
3,156
- Dividends & Debt Repayment-₹534 CrCapital Return
534
= Net Change in Cash₹2,622 CrNet Balance
2,622
Multi-Year Historical FCF vs Reported PAT Trajectory:
Free Cash Flow (FCF) Reported Net Profit (PAT)
| Metric | 2018-201931 Mar 2019 | 2019-202031 Mar 2020 | 2020-202131 Mar 2021 | 2021-202231 Mar 2022 | 2022-202331 Mar 2023 | 2023-202431 Mar 2024 | 2024-202531 Mar 2025 | 2025-202631 Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹15,574.51 | ₹16,239.36 | ₹16,163.19 | ₹19,316.72 | ₹23,008.50 | ₹25,169.21 | ₹28,153.00 | ₹31,149.01 |
| Operating profit | ₹3,114.90 | ₹1,416.00 | ₹1,861.77 | ₹908.96 | ₹1,168.47 | ₹2,854.63 | ₹2,479.64 | ₹3,112.38 |
| OPM | 20.00% | 8.72% | 11.52% | 4.71% | 5.08% | 11.34% | 8.81% | 9.99% |
| Net profit | ₹1,213.05 | ₹1,422.57 | ₹1,277.07 | ₹669.24 | ₹768.96 | ₹2,081.23 | ₹1,873.29 | ₹2,426.10 |
| EPS | 1,213.05 | 3,353.42 | 3,020.49 | 1,594.13 | 1,826.67 | 4,927.98 | 4,466.33 | 5,859.88 |
| Net margin | 7.79% | 8.76% | 7.90% | 3.46% | 3.34% | 8.27% | 6.65% | 7.79% |
| ROE | 12.87% | 11.65% | 9.52% | 4.77% | 5.23% | 12.46% | 10.07% | 11.57% |
| ROCE | 24.91% | 9.98% | 12.16% | 5.64% | 6.92% | 14.91% | 11.96% | 13.56% |
| Debt / equity | 0.33 | 0.18 | 0.18 | 0.23 | 0.20 | 0.17 | 0.20 | 0.15 |
Compounded growth (CAGR)
| Metric | 1Y | 3Y | 5Y |
|---|---|---|---|
| Revenue | 10.64% | 10.62% | 14.02% |
| Net profit | 29.51% | 46.67% | 13.69% |
| EPS | 31.20% | 47.48% | 14.17% |
Each column only appears when 8 real reported years actually support it — never extrapolated from fewer.
Balance sheet
| Metric | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | ₹17,131.96 | ₹19,442.34 | ₹22,581.86 | ₹23,059.74 | ₹24,369.41 | ₹26,849.43 | ₹29,688.94 | ₹31,953.51 |
| Total liabilities | ₹7,709.38 | ₹7,227.63 | ₹9,168.19 | ₹9,027.99 | ₹9,661.75 | ₹10,146.44 | ₹11,079.18 | ₹10,978.95 |
| Total equity | ₹9,422.58 | ₹12,214.71 | ₹13,413.67 | ₹14,031.75 | ₹14,707.66 | ₹16,702.99 | ₹18,609.76 | ₹20,974.56 |
| Total debt | ₹3,083.75 | ₹2,236.35 | ₹2,361.90 | ₹3,228.95 | ₹3,001.83 | ₹2,812.19 | ₹3,752.12 | ₹3,189.38 |
| Cash | ₹2,055.83 | ₹1.06 | ₹129.92 | ₹164.60 | ₹199.54 | ₹287.76 | ₹193.81 | ₹182.52 |
| Current assets | ₹7,709.38 | ₹8,151.04 | ₹10,367.18 | ₹10,187.95 | ₹9,243.68 | ₹10,549.55 | ₹13,506.68 | ₹14,816.50 |
| Current liabilities | ₹4,282.99 | ₹5,252.24 | ₹7,267.65 | ₹6,956.73 | ₹7,495.32 | ₹7,710.03 | ₹8,960.22 | ₹9,006.27 |
| Inventory | ₹1,557.45 | ₹2,905.18 | ₹2,938.81 | ₹4,129.67 | ₹4,141.05 | ₹4,468.58 | ₹5,624.78 | ₹5,416.82 |
| Receivables | ₹1,868.94 | ₹2,302.29 | ₹2,295.03 | ₹2,384.37 | ₹2,543.56 | ₹2,953.61 | ₹3,417.73 | ₹3,631.73 |
| Payables | ₹1,401.71 | ₹1,905.34 | ₹3,441.44 | ₹2,056.78 | ₹2,435.77 | ₹2,652.78 | ₹2,822.36 | ₹3,210.76 |
| Net PP&E | ₹6,852.78 | ₹10,582.21 | ₹10,418.65 | ₹10,733.66 | ₹13,137.89 | ₹14,405.01 | ₹14,369.85 | ₹13,978.32 |
| Retained earnings | ₹7,066.93 | ₹12,232.73 | ₹13,467.38 | ₹14,073.02 | ₹14,778.36 | ₹16,785.34 | ₹18,691.10 | ₹21,017.53 |
Cash flow
| Metric | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | ₹1,516.31 | ₹2,272.61 | ₹4,324.58 | ₹-578.03 | ₹2,755.47 | ₹3,300.50 | ₹1,864.76 | ₹4,590.30 |
| Capital expenditure | ₹934.47 | ₹-2,752.36 | ₹-852.74 | ₹-1,707.01 | ₹-3,291.24 | ₹-2,162.32 | ₹-1,309.45 | ₹-1,434.25 |
| Free cash flow | ₹581.84 | ₹-479.75 | ₹3,471.84 | ₹-2,285.04 | ₹-535.77 | ₹1,138.18 | ₹555.31 | ₹3,156.05 |
| OCF / net profit | 1.25 | 1.60 | 3.39 | -0.86 | 3.58 | 1.59 | 1.00 | 1.89 |
| FCF / Capex intensity | 0.06 | 16.95 | 5.28 | 8.84 | 14.30 | 8.59 | 4.65 | 4.60 |
Income statement detail
| Metric | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|
| Gross profit | ₹5,451.08 | ₹5,527.49 | ₹5,919.52 | ₹5,416.41 | ₹6,015.19 | ₹8,473.90 | ₹8,491.23 | ₹9,814.63 |
| Cost of revenue | ₹10,123.43 | ₹10,711.87 | ₹10,243.67 | ₹13,900.31 | ₹16,993.31 | ₹16,695.31 | ₹19,661.77 | ₹21,334.38 |
| EBITDA | ₹3,426.39 | ₹2,398.32 | ₹3,002.54 | ₹2,114.01 | ₹2,421.52 | ₹4,284.60 | ₹4,133.19 | ₹4,866.01 |
| Income before tax | ₹1,613.36 | ₹1,434.25 | ₹1,736.84 | ₹907.93 | ₹1,069.74 | ₹2,787.42 | ₹2,483.00 | ₹3,222.14 |
| Interest expense | ₹778.73 | ₹41.34 | ₹167.58 | ₹47.83 | ₹126.52 | ₹103.79 | ₹30.14 | — |
| Tax expense | ₹400.31 | ₹11.68 | ₹459.77 | ₹238.69 | ₹300.78 | ₹706.19 | ₹609.71 | ₹796.04 |
| D&A | ₹622.98 | ₹982.32 | ₹1,140.77 | ₹1,205.05 | ₹1,253.05 | ₹1,429.97 | ₹1,653.55 | ₹1,753.63 |
| EBITDA margin | 22.00% | 14.77% | 18.58% | 10.94% | 10.52% | 17.02% | 14.68% | 15.62% |
Financial ratios
| Metric | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.80 | 1.55 | 1.43 | 1.46 | 1.23 | 1.37 | 1.51 | 1.65 |
| Quick ratio | 1.44 | 1.00 | 1.02 | 0.87 | 0.68 | 0.79 | 0.88 | 1.04 |
| Interest coverage | 4.00 | 34.25 | 11.11 | 19.00 | 9.24 | 27.50 | 82.27 | — |
| Inventory days | 45.00 | 98.99 | 104.72 | 108.44 | 88.95 | 97.69 | 104.42 | 92.67 |
| Receivable days | 35.00 | 51.75 | 51.83 | 45.05 | 40.35 | 42.83 | 44.31 | 42.56 |
| Payable days | 40.00 | 64.92 | 122.62 | 54.01 | 52.32 | 58.00 | 52.39 | 54.93 |
| Cash conversion cycle | 40.00 | 85.82 | 33.92 | 99.48 | 76.98 | 82.53 | 96.33 | 80.30 |
| Working capital days | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 |
| Fixed asset turnover | 2.27 | 1.53 | 1.55 | 1.80 | 1.75 | 1.75 | 1.96 | 2.23 |
| ROA | 7.08% | 7.32% | 5.66% | 2.90% | 3.16% | 7.75% | 6.31% | 7.59% |
| ROIC | 11.61% | 9.72% | 8.75% | 3.92% | 4.80% | 11.09% | 8.44% | 9.77% |
| Gross margin | 35.00% | 34.04% | 36.62% | 28.04% | 26.14% | 33.67% | 30.16% | 31.51% |
DuPont 3-Stage ROE Factor Decomposition
Deconstructing Return on Equity into Profitability, Asset Efficiency, and Financial Leverage
Balanced Return EngineFY2025-2026
Net marginProfitability
7.79%
Net Profit generated per ₹100 of revenue (Profitability)
×
Asset turnoverEfficiency
0.97
Revenue generated per ₹1 of total assets (Capital Efficiency)
×
Equity multiplierLeverage
1.52
Total assets supported per ₹1 of shareholder equity (Leverage)
=
Implied DuPont ROEFinal Output
11.57%
Reported: 11.57%
Explore the 3-Stage DuPont Formula: Net Margin × Asset Turnover × Leverage Multiplier.Read DuPont Guide →
Corporate Actions, Dividends & Capital Changes
Chronological Corporate Actions Registry
Historical stock splits, bonus shares, rights issues, and corporate schemes
| Year | Execution Date | Action Type | Ratio / Term |
|---|---|---|---|
| 2026 | 17 Jul 2026 | dividend | 2290% |
| 13 Feb 2026 | dividend | 30% | |
| 2025 | 21 Nov 2025 | dividend | 30% |
| 18 Jul 2025 | dividend | 2290% | |
| 14 Feb 2025 | dividend | 30% | |
| 2024 | 19 Nov 2024 | dividend | 30% |
| 26 Jul 2024 | dividend | 1940% | |
| 21 Feb 2024 | dividend | 30% | |
| 2023 | 17 Nov 2023 | dividend | 30% |
| 21 Jul 2023 | dividend | 1690% | |
| 21 Feb 2023 | dividend | 30% | |
| 2022 | 18 Nov 2022 | dividend | 30% |
| 29 Jul 2022 | dividend | 1440% | |
| 18 Feb 2022 | dividend | 30% | |
| 2021 | 19 Nov 2021 | dividend | 30% |
| 06 Aug 2021 | dividend | 500% | |
| 06 Aug 2021 | dividend | 940% | |
| 19 Feb 2021 | dividend | 30% | |
| 2020 | 19 Nov 2020 | dividend | 30% |
| 16 Sept 2020 | dividend | 940% | |
| 21 Feb 2020 | dividend | 30% | |
| 2019 | 22 Nov 2019 | dividend | 30% |
| 03 Aug 2019 | dividend | 540% | |
| 03 Aug 2019 | dividend | 540% | |
| 19 Feb 2019 | dividend | 30% | |
| 19 Feb 2019 | dividend | 30% | |
| 2018 | 20 Nov 2018 | dividend | 30% |
| 20 Nov 2018 | dividend | 30% | |
| 13 Feb 2018 | dividend | 30% | |
| 2017 | 22 Nov 2017 | dividend | 30% |
| 29 Jul 2017 | dividend | 540% | |
| 15 Feb 2017 | dividend | 30% | |
| 2016 | 09 Nov 2016 | dividend | 30% |
| 05 Aug 2016 | dividend | 940% | |
| 2015 | 13 Nov 2015 | dividend | 30% |
| 07 Aug 2015 | dividend | 30% | |
| 06 Feb 2015 | dividend | 440% | |
| 2014 | 14 Nov 2014 | dividend | 30% |
| 07 Aug 2014 | dividend | 30% | |
| 01 Feb 2014 | dividend | 240% | |
| 2013 | 06 Nov 2013 | dividend | 30% |
| 07 Aug 2013 | dividend | 30% | |
| 01 Feb 2013 | dividend | 190% | |
| 2012 | 08 Nov 2012 | dividend | 30% |
| 07 Aug 2012 | dividend | 30% | |
| 09 Feb 2012 | dividend | 190% | |
| 2011 | 03 Nov 2011 | dividend | 30% |
| 10 Aug 2011 | dividend | 30% | |
| 01 Feb 2011 | dividend | 190% | |
| 01 Feb 2011 | dividend | 250% | |
| 2010 | 03 Nov 2010 | dividend | 30% |
| 09 Aug 2010 | dividend | 30% | |
| 01 Mar 2010 | dividend | 190% | |
| 2009 | 07 Nov 2009 | dividend | 30% |
| 07 Aug 2009 | dividend | 30% | |
| 10 Mar 2009 | dividend | 140% | |
| 2008 | 07 Nov 2008 | dividend | 30% |
| 11 Aug 2008 | dividend | 30% | |
| 10 Mar 2008 | dividend | 140% | |
| 2007 | 09 Nov 2007 | dividend | 30% |
| 13 Aug 2007 | dividend | 30% | |
| 13 Mar 2007 | dividend | 140% | |
| 2006 | 15 Nov 2006 | dividend | 30% |
| 04 Aug 2006 | dividend | 30% | |
| 14 Mar 2006 | dividend | 140% |
Dividend Intelligence & Capital Return History
Historical cash payout track record across 18 dividend distributions
Latest Year DPS:₹232.00
Yield on CMP:0.17%
3Y Dividend CAGR:+9.9%
Annual Dividend Payout Progression (Per Share)Total Cumulative DPS: ₹1,142.00
₹232.0
2026
₹235.0
2025
₹200.0
2024
₹175.0
2023
₹150.0
2022
₹150.0
2021
| Ex-Date | Amount (Per Share) | Dividend Type |
|---|---|---|
| 17 Jul 2026 | ₹229.00 | Final |
| 13 Feb 2026 | ₹3.00 | Interim |
| 21 Nov 2025 | ₹3.00 | Interim |
| 18 Jul 2025 | ₹229.00 | Final |
| 14 Feb 2025 | ₹3.00 | Interim |
| 19 Nov 2024 | ₹3.00 | Interim |
| 25 Jul 2024 | ₹194.00 | Final |
| 21 Feb 2024 | ₹3.00 | Interim |
| 17 Nov 2023 | ₹3.00 | Interim |
| 20 Jul 2023 | ₹169.00 | Final |
| 21 Feb 2023 | ₹3.00 | Interim |
| 17 Nov 2022 | ₹3.00 | Interim |
| 27 Jul 2022 | ₹144.00 | Final |
| 17 Feb 2022 | ₹3.00 | Interim |
| 17 Nov 2021 | ₹3.00 | Interim |
| 04 Aug 2021 | ₹94.00 | Final |
| 04 Aug 2021 | ₹50.00 | Special |
| 17 Feb 2021 | ₹3.00 | Interim |
Industry Peer Group & Valuation Spread
Compare valuation multiples and market cap relative to sector competitors
Automobile and Auto ComponentsCompare Peers in Studio
Market Cap56,129.37 ₹ cr
Beats 70% of 47 industry peers · median 25,051.24 ₹ cr
P/E23.36 x
Beats 26% of 38 industry peers · median 40.15 x
P/B2.70 x
Beats 10% of 40 industry peers · median 6.10 x
ROE10.41%
Beats 43% of 47 industry peers · median 11.10%
ROCE13.36%
Beats 47% of 47 industry peers · median 13.87%
Debt to Equity0.18 x
Beats 19% of 47 industry peers · median 0.36 x
Net Margin9.54%
Beats 77% of 47 industry peers · median 8.71%
Dividend Yield0.18%
Beats 17% of 42 industry peers · median 0.48%
Revenue Growth (YoY)9.64%
Beats 17% of 47 industry peers · median 20.16%
| Company | Market Cap ▼ | P/E | P/B |
|---|---|---|---|
Bajaj Auto Ltd.BAJAJ-AUTO | ₹6.63 L | 35.40 | 5.89 |
Maruti Suzuki India Ltd.MARUTI | ₹4.21 L | 28.79 | 3.94 |
| ₹4.13 L | — | — | |
Eicher Motors Ltd.EICHERMOT | ₹2.19 L | 40.15 | 8.81 |
TVS Motor Company Ltd.TVSMOTOR | ₹2.05 L | 67.75 | 21.38 |
Peers are chosen strictly by industry classification. A classification doesn't always describe what a company actually competes in, but gives an objective starting point across the universe.
Regulatory Filings & Market Intelligence
Corporate Filings & Document Vault
SEBI LODR VerifiedAudited Annual Reports, Investor Decks, Earnings Concall Transcripts, and Board Resolutions for MRF Ltd. (MRF)
Indexed Documents5 Filings
Latest Disclosure10 Aug 2026
Press Release10 Aug 2026
MRF Ltd: Press Release: Business Updates and New Strategic Initiatives
Investor Deck23 Jul 2026
MRF Ltd: Investor Presentation on Q4 Financial Results and Growth Outlook
Secretarial Filing09 Jul 2026
MRF Ltd: Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015
Board Outcome29 Jun 2026
MRF Ltd: Outcome of Board Meeting for Approval of Audited Financial Results
News
- IndianAPIHigh valuation and rising cost drag leave MRF on a slippery slope
Rising raw-material costs and lagging price hikes threaten to squeeze MRF’s margins further, leaving its rich valuation vulnerable to ongoing earnings misses.
- IndianAPIQ1 results 2026: RVNL to MRF among companies to declare Q1 results today; full list here
Q1 results 2026: Rail Vikas Nigam, MRF, Zydus Lifesciences, NBCC (India), Senco Gold, Manappuram Finance are the companies to report their Q1 results FY27 today.
- IndianAPIStocks to watch: RVNL, Wipro, Vodafone Idea among shares in focus today; check list here
Stock market today: Gift Nifty was trading near the 24,616.5 mark, down over 43 points from the previous close of Nifty futures.
- IndianAPIQ1 results 2026: Vodafone Idea to RVNL among companies to declare Q1 results next week; check full list here
Vodafone Idea, Bharat Forge, MRF, Rail Vikas Nigam, Hindustan Aeronautics (HAL), Tata Motors are among the companies to report their Q1 results FY27 next week.
- IndianAPIHow MRF’s 102-member promoter family has stayed united for 80 years
MRF, India’s largest tyre-maker, published its annual report last week, which detailed the shareholding pattern of the promoter group, which owns 27.77% of the company. Thirteen promoter entities own about 16%, while the 102 individual family members own the remaining nearly 12%.
- IndianAPIKM Mammen Mappillai: the man who built MRF from a balloon shed
From a tiny balloon unit in Chennai to India's largest tyre maker, KM Mammen Mappillai built MRF through engineering, discipline and an unwavering belief in Indian manufacturing.
- IndianAPITop Gainers & Losers on 8 July: Aegis Logistics, HPCL, Bank of India, IndiGo, Coforge, MRF among top losers
The Indian stock market faced heavy selling on Wednesday, with benchmark indices falling over 2% amid renewed U.S.-Iran tensions. The Nifty 50 dropped to 23,882, marking its biggest decline since March, and nearly all sectoral indices ended in the red, particularly the Nifty PSU Bank index.
- IndianAPITop Gainers & Losers on June 29: Persistent Systems, Netweb Tech, Astral, MRF, Berger Paints, OLA among top losers
Indian equities continued their decline on June 29, with the Nifty 50 dropping 0.46% and the BSE Sensex falling 0.44% amid renewed Middle East tensions. While pharmaceutical and metal stocks gained, auto and technology shares suffered notable losses, reflecting mixed sectoral performance.
- IndianAPIDividend bonanza on Dalal Street! From MRF to SBI, these large-cap companies announce hefty payouts for FY26
Strong earnings and cash flows have led Indian companies to announce significant dividends for FY26, reflecting confidence in their performance. Notable payers include MRF Limited, Britannia, and SBI, appealing to investors seeking passive income amid market volatility.
- IndianAPIQ4 results 2026: BSE to Bharat Forge among companies to declare Q4 results today
Q4 results 2026: Around 90 companies will declare their March quarter results on Thursday. Checkout Q4 previews, along with full list of companies to release Q4 results today.
- IndianAPIStocks to watch: BSE, Bharat Forge, Bajaj Auto, Paytm among 10 shares in focus today
Stock market today: The Indian stock market is likely to snap its gaining streak as trends in the Gift Nifty index signalled a negative opening on Thursday. Amid this backdrop, these stocks will remain in focus on 7 May.
For informational and educational purposes only. Not investment advice. Data may be delayed or incomplete. Consult a SEBI-registered investment adviser before making investment decisions.