MRF Limited

NSEI:MRF Stock Report

Market Cap: ₹550.1b

MRF Past Earnings Performance

Past criteria checks 5/6

MRF has been growing earnings at an average annual rate of 16.2%, while the Auto Components industry saw earnings growing at 20.8% annually. Revenues have been growing at an average rate of 12.2% per year. MRF's return on equity is 11.5%, and it has net margins of 7.4%.

Key information

16.22%

Earnings growth rate

16.22%

EPS growth rate

Auto Components Industry Growth16.66%
Revenue growth rate12.18%
Return on equity11.47%
Net Margin7.38%
Last Earnings Update31 Dec 2025

Recent past performance updates

Recent updates

Analyst Estimates: Here's What Brokers Think Of MRF Limited (NSE:MRF) After Its Third-Quarter Report

Feb 10
Analyst Estimates: Here's What Brokers Think Of MRF Limited (NSE:MRF) After Its Third-Quarter Report

MRF (NSE:MRF) Is Paying Out A Dividend Of ₹3.00

Feb 09
MRF (NSE:MRF) Is Paying Out A Dividend Of ₹3.00

Slowing Rates Of Return At MRF (NSE:MRF) Leave Little Room For Excitement

Dec 27
Slowing Rates Of Return At MRF (NSE:MRF) Leave Little Room For Excitement

MRF (NSE:MRF) Has A Pretty Healthy Balance Sheet

Dec 09
MRF (NSE:MRF) Has A Pretty Healthy Balance Sheet

Analysts Have Made A Financial Statement On MRF Limited's (NSE:MRF) Second-Quarter Report

Nov 19
Analysts Have Made A Financial Statement On MRF Limited's (NSE:MRF) Second-Quarter Report

Some Confidence Is Lacking In MRF Limited's (NSE:MRF) P/E

Oct 11
Some Confidence Is Lacking In MRF Limited's (NSE:MRF) P/E

The Return Trends At MRF (NSE:MRF) Look Promising

Sep 20
The Return Trends At MRF (NSE:MRF) Look Promising

It's Unlikely That MRF Limited's (NSE:MRF) CEO Will See A Huge Pay Rise This Year

Aug 01
It's Unlikely That MRF Limited's (NSE:MRF) CEO Will See A Huge Pay Rise This Year

MRF's (NSE:MRF) Sluggish Earnings Might Be Just The Beginning Of Its Problems

Jul 22
MRF's (NSE:MRF) Sluggish Earnings Might Be Just The Beginning Of Its Problems

We Think MRF (NSE:MRF) Can Stay On Top Of Its Debt

Jun 15
We Think MRF (NSE:MRF) Can Stay On Top Of Its Debt

Returns At MRF (NSE:MRF) Appear To Be Weighed Down

May 28
Returns At MRF (NSE:MRF) Appear To Be Weighed Down

MRF Limited's (NSE:MRF) Shares Climb 27% But Its Business Is Yet to Catch Up

May 08
MRF Limited's (NSE:MRF) Shares Climb 27% But Its Business Is Yet to Catch Up

Revenue & Expenses Breakdown

How MRF makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NSEI:MRF Revenue, expenses and earnings (INR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 25301,97522,30021,8930
30 Sep 25291,47918,53721,4520
30 Jun 25286,50317,98721,2860
31 Mar 25281,71018,69321,0850
31 Dec 24274,32117,53322,1430
30 Sep 24265,93819,47521,9460
30 Jun 24259,29820,63521,6040
31 Mar 24251,73620,81221,2840
31 Dec 23246,68120,25820,1900
30 Sep 23241,50216,90919,8080
30 Jun 23237,59412,34119,3750
31 Mar 23230,1507,68918,8690
31 Dec 22224,8675,93517,8950
30 Sep 22217,6235,68117,5910
30 Jun 22208,4386,27317,4490
31 Mar 22193,3186,69217,3330
31 Dec 21188,4988,36216,1900
30 Sep 21185,71312,07316,3800
30 Jun 21179,07914,29215,9200
31 Mar 21161,84612,77115,4670
31 Dec 20150,76016,23917,4380
30 Sep 20145,10113,44716,8870
30 Jun 20142,29211,62813,4700
31 Mar 20162,83514,22616,8290
31 Dec 19167,69610,37516,8590
30 Sep 19167,88910,87016,4420
30 Jun 19167,28011,36316,0170
31 Mar 19161,40211,30615,6440
31 Mar 18149,82511,31614,2790
31 Mar 17134,12214,86213,2340
31 Mar 16134,53516,72911,5180

Quality Earnings: MRF has high quality earnings.

Growing Profit Margin: MRF's current net profit margins (7.4%) are higher than last year (6.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MRF's earnings have grown by 16.2% per year over the past 5 years.

Accelerating Growth: MRF's earnings growth over the past year (27.2%) exceeds its 5-year average (16.2% per year).

Earnings vs Industry: MRF earnings growth over the past year (27.2%) exceeded the Auto Components industry 13.3%.

Return on Equity

High ROE: MRF's Return on Equity (11.5%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/01 02:31
End of Day Share Price 2026/04/30 00:00
Earnings2025/12/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

MRF Limited is covered by 27 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Annamalai Jayaraj360 ONE Capital Market Private Limited
null nullAnand Rathi Shares and Stock Brokers Limited
Mumuksh MandleshaAnand Rathi Shares and Stock Brokers Limited