MRF Limited

NSEI:MRF Stock Report

Market Cap: ₹588.4b

MRF Valuation

Is MRF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of MRF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: MRF (₹138740) is trading above our estimate of future cash flow value (₹58046.6)

Significantly Below Future Cash Flow Value: MRF is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MRF?

Key metric: As MRF is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MRF. This is calculated by dividing MRF's market cap by their current earnings.
What is MRF's PE Ratio?
PE Ratio26.4x
Earnings₹22.30b
Market Cap₹588.42b

Price to Earnings Ratio vs Peers

How does MRF's PE Ratio compare to its peers?

The above table shows the PE ratio for MRF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.4x
502355 Balkrishna Industries
34.5x20.69%₹453.1b
APOLLOTYRE Apollo Tyres
30.4x31.24%₹281.8b
500878 CEAT
27x23.82%₹149.7b
530007 JK Tyre & Industries
17.7x24.14%₹121.1b
MRF MRF
26.4x13.93%₹588.4b

Price-To-Earnings vs Peers: MRF is good value based on its Price-To-Earnings Ratio (26.4x) compared to the peer average (27.4x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does MRF's PE Ratio compare vs other companies in the IN Auto Components Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
508807 IST
4.7xn/aUS$90.05m
523415 Coventry Coil-O-Matic (Haryana)
0.9xn/aUS$88.40k
No more companies available in this PE range
MRF 26.4xIndustry Avg. 29.3xNo. of Companies24PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MRF is good value based on its Price-To-Earnings Ratio (26.4x) compared to the Indian Auto Components industry average (29.5x).

Price to Earnings Ratio vs Fair Ratio

What is MRF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MRF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.4x
Fair PE Ratio27.5x

Price-To-Earnings vs Fair Ratio: MRF is good value based on its Price-To-Earnings Ratio (26.4x) compared to the estimated Fair Price-To-Earnings Ratio (27.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MRF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹138,740.00
₹149,866.40
+8.02%
15.76%₹181,000.00₹113,210.00n/a10
Apr ’27₹129,095.00
₹150,509.50
+16.59%
15.25%₹181,000.00₹113,350.00n/a10
Mar ’27₹140,985.00
₹150,702.00
+6.89%
14.78%₹181,000.00₹113,350.00n/a10
Feb ’27₹132,295.00
₹149,330.90
+12.88%
14.95%₹178,536.00₹113,350.00n/a10
Jan ’27₹151,535.00
₹146,125.60
-3.57%
17.08%₹178,536.00₹105,820.00n/a10
Dec ’26₹152,420.00
₹146,125.60
-4.13%
17.08%₹178,536.00₹105,820.00n/a10
Nov ’26₹157,515.00
₹138,587.40
-12.02%
14.54%₹170,000.00₹105,820.00n/a10
Oct ’26₹148,740.00
₹137,275.80
-7.71%
15.54%₹170,000.00₹105,820.00n/a10
Sep ’26₹144,835.00
₹136,675.80
-5.63%
15.87%₹170,000.00₹105,820.00n/a10
Aug ’26₹145,905.00
₹135,979.90
-6.80%
16.29%₹168,426.00₹105,820.00n/a10
Jul ’26₹142,500.00
₹133,654.40
-6.21%
18.97%₹168,426.00₹90,667.00n/a10
Jun ’26₹138,865.00
₹133,654.40
-3.75%
18.97%₹168,426.00₹90,667.00n/a10
May ’26₹134,505.00
₹116,925.70
-13.07%
18.54%₹160,000.00₹90,667.00n/a10
Apr ’26₹113,037.05
₹115,549.00
+2.22%
19.53%₹160,000.00₹89,950.00₹129,095.009
Mar ’26₹105,373.70
₹115,549.00
+9.66%
19.53%₹160,000.00₹89,950.00₹140,985.009
Feb ’26₹114,183.45
₹118,412.56
+3.70%
17.36%₹160,000.00₹92,500.00₹132,295.009
Jan ’26₹129,374.50
₹118,574.22
-8.35%
17.77%₹160,000.00₹92,500.00₹151,535.009
Dec ’25₹125,251.30
₹118,574.22
-5.33%
17.77%₹160,000.00₹92,500.00₹152,420.009
Nov ’25₹123,330.30
₹112,271.11
-8.97%
13.16%₹141,052.00₹92,500.00₹157,515.009
Oct ’25₹140,262.90
₹112,063.89
-20.10%
13.27%₹141,052.00₹92,500.00₹148,740.009
Sep ’25₹134,833.45
₹112,063.89
-16.89%
13.27%₹141,052.00₹92,500.00₹144,835.009
Aug ’25₹140,266.15
₹108,631.11
-22.55%
14.99%₹141,082.00₹87,000.00₹145,905.009
Jul ’25₹129,667.95
₹107,553.33
-17.05%
15.82%₹141,082.00₹87,000.00₹142,500.009
Jun ’25₹125,431.50
₹107,553.33
-14.25%
15.82%₹141,082.00₹87,000.00₹138,865.009
May ’25₹133,019.45
₹116,299.00
-12.57%
18.15%₹149,209.00₹90,000.00₹134,505.009
Apr ’25₹135,719.35
₹113,147.44
-16.63%
16.66%₹149,209.00₹90,000.00₹113,037.059
₹149.87k
Fair Value
7.4% undervalued intrinsic discount
10
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/16 22:26
End of Day Share Price 2026/04/16 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
Mumuksh MandleshaAnand Rathi Shares and Stock Brokers Limited
null nullAnand Rathi Shares and Stock Brokers Limited
null nullAsian Markets Securities Private Limited