- Total income
- ₹29,152 Cr
- Profit
- ₹1,869 Cr

About MRF Limited
Data last updated:
MRF Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 05 November 1960 and has been in existence for over 66 years.
MRF is ranked #99 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices. Its director K. M. Mammen and family are #763 among India's richest people (2026). Its director Arun Mammen and family are #824 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L25111TN1960PLC004306. Its GSTIN is 03AAACM4154G1ZX (Punjab). The company holds 26 GST registrations, of which 23 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500290 and NSE: MRF.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹4.24 Cr. It was formerly known as Madras Rubber Factory Pvt Ltd. It is led by directors including Rahul Mammen Mappillai (Managing Director) and Kandathil Mammen Mammen (Managing Director).
Its last annual general meeting (AGM) was held on 07 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at New No.114 (Old No..124) Greams Road, Chennai, Tamil Nadu, India – 600006.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹31,149 Cr, a growth of 10.6% compared to the previous year. For the same year it recorded a net profit of ₹2,475.03 Cr (net margin 7.9%) and EBITDA of ₹4,845.27 Cr (EBITDA margin 15.6%). The net worth stands at ₹20,975 Cr (up 12.7% YoY). Total assets are valued at ₹24,741 Cr (up 8% YoY).
The company has about 16,974 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 3 brands: MRF Sports Goods, MRF Tyres and MRF Tyres. As per MCA filings, the company has open charges of ₹4,612.78 Cr and satisfied charges of ₹1,600.85 Cr on record. Court records list 1,771 cases involving the company, including 1,074 filed by the company and 697 filed against it; 348 cases are pending. The company has 26 deals on record (25 market trades, 1 debt financing), with disclosed funding of ₹150 Cr; the latest was in October 2025. Its 3 peer companies in the Automobiles industry (Auto Ancillary), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 1 larger and 2 smaller; the largest is Apollo Tyres Limited. with revenue of ₹26,212 Cr. The company has 16 MSME Form 1 returns on record between 2019 and 2024, listing 1,049 overdue payments to 377 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mrftyres.com.
Company details
CIN history
MRF has one previous CIN (Corporate Identification Number): U25111TN1960PLC004306. The current CIN is L25111TN1960PLC004306, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L25111TN1960PLC004306 | Current |
| U25111TN1960PLC004306 | Previous |
Recognitions & Rankings of MRF
- Valuation
- ₹56,040 Cr
- #763 K. M. Mammen & family ₹4,100 Cr
- #824 Arun Mammen & family ₹3,700 Cr
Contact details
MRF Limited's registered office is in Chennai, Tamil Nadu. Its website is mrftyres.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNew No.114 (Old No..124) Greams Road, Chennai, Tamil Nadu, India – 600006
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of MRF Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
MRF operates multiple associated brands including MRF Sports Goods, MRF Tyres, and MRF Tyres. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sports goods manufacturing and distribution, with a focus on cricket equipment. | mrfsports.com | |
| MRF Tyres is recognized as India's largest tyre manufacturer. | mrftyres.com | |
| Tyre manufacturing, sales, and maintenance services in India. | mrftyresandservice.com |
Business activity
The main business activity of MRF is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of MRF Limited, buy the company report.
Financials of MRF Limited
FY 2025-26 filings availableMRF Limited reported revenue of ₹31,149 Cr (up 10.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 31,149 | 28,153 | 25,169 | 23,008 | 19,317 | 16,163 | 16,239 |
| Revenue growth | +10.6% | +11.9% | +9.4% | +19.1% | +19.5% | -0.5% | - |
| EBITDA | 4,845 | 4,088 | 4,262 | 2,397 | 2,059 | 2,949 | 2,382 |
| EBITDA margin | +15.6% | +14.5% | +16.9% | +10.4% | +10.7% | +18.3% | +14.7% |
| Profit before tax | 3,222 | 2,483 | 2,787 | 1,070 | 908 | 1,737 | 1,434 |
| Net profit | 2,475 | 1,875 | 2,089 | 700 | 665 | 1,280 | 1,413 |
| Net profit margin | +8.0% | +6.7% | +8.3% | +3.0% | +3.4% | +7.9% | +8.7% |
| EPS (₹) | 5,721.91 | 4,418.11 | 4,908.54 | 1,813.51 | 1,578.37 | 3,011.93 | 3,355.09 |
| Balance sheet | |||||||
| Total assets | 24,741 | 22,908 | 20,120 | 18,171 | 17,768 | 16,198 | 14,836 |
| Net worth | 20,975 | 18,610 | 16,703 | 14,708 | 14,032 | 13,414 | 12,215 |
| Total debt | 3,207 | 3,771 | 2,822 | 3,014 | 3,229 | 2,388 | 1,854 |
| Cash & bank | 2,183 | 487 | 345 | 258 | 180 | 169 | 1,181 |
| Net working capital | 5,065 | 3,774 | 2,020 | 1,452 | 2,771 | (385) | 2,460 |
| Cash flow | |||||||
| Cash from operations | 4,590 | 1,865 | 3,303 | 2,755 | (578) | 4,325 | 2,271 |
| Cash from investing | (3,539) | (2,077) | (2,381) | (1,922) | 166 | (5,087) | (162) |
| Cash from financing | (1,120) | 282 | (868) | (840) | 424 | (250) | (1,032) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8,416 | 8,044 | 8,050 | 7,379 | 7,676 | 7,075 | 7,001 | 6,881 |
| Revenue growth (YoY) | +9.6% | +13.7% | +15.0% | +7.2% | +6.7% | - | - | - |
| Other income | 195 | 153 | 127 | 108 | 129 | 115 | 98.08 | 113 |
| EBITDA | 991 | 1,305 | 1,323 | 1,126 | 1,070 | 1,074 | 835 | 1,011 |
| EBITDA margin | +11.8% | +16.2% | +16.4% | +15.3% | +13.9% | +15.2% | +11.9% | +14.7% |
| Depreciation | 448 | 442 | 438 | 445 | 429 | 433 | 415 | 410 |
| Interest | 88.33 | 86.33 | 91.23 | 90.23 | 98.41 | 97.93 | 93.65 | 83.78 |
| Profit before tax | 650 | 930 | 920 | 699 | 672 | 659 | 424 | 631 |
| Tax | 154 | 227 | 226 | 173 | 170 | 149 | 109 | 160 |
| Net profit | 495 | 702 | 695 | 526 | 502 | 510 | 315 | 471 |
| EPS (₹) | 1,167.97 | 1,655.80 | 1,631.23 | 1,239.38 | 1,180.04 | 1,207.48 | 743.80 | 1,109.85 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 30,652 | 27,665 | 24,674 | 22,578 | 18,990 | 15,921 | 15,991 |
| Revenue growth | +10.8% | +12.1% | +9.3% | +18.9% | +19.3% | -0.4% | - |
| EBITDA | 4,696 | 3,961 | 4,174 | 2,343 | 2,020 | 2,901 | 2,330 |
| EBITDA margin | +15.3% | +14.3% | +16.9% | +10.4% | +10.6% | +18.2% | +14.6% |
| Profit before tax | 3,133 | 2,420 | 2,739 | 1,119 | 879 | 1,700 | 1,399 |
| Net profit | 2,403 | 1,821 | 2,048 | 688 | 644 | 1,252 | 1,385 |
| Net profit margin | +7.8% | +6.6% | +8.3% | +3.1% | +3.4% | +7.9% | +8.7% |
| EPS (₹) | 5,555.19 | 4,298.47 | 4,813.56 | 1,925.07 | 1,526.75 | 2,945.90 | 3,290.05 |
| Balance sheet | |||||||
| Total assets | 22,700 | 21,156 | 19,414 | 17,520 | 16,700 | 15,088 | 14,137 |
| Net worth | 20,452 | 18,176 | 16,441 | 14,509 | 13,777 | 13,179 | 12,004 |
| Total debt | 1,690 | 2,453 | 2,377 | 2,561 | 2,415 | 1,514 | 1,365 |
| Cash & bank | 2,025 | 249 | 240 | 156 | 115 | 105 | 1,107 |
| Net working capital | 3,299 | 2,128 | 1,397 | 864 | 1,834 | (1,371) | 1,855 |
| Cash flow | |||||||
| Cash from operations | 4,639 | 2,639 | 3,230 | 2,417 | (657) | 4,687 | 2,079 |
| Cash from investing | (3,372) | (2,107) | (2,318) | (1,927) | 177 | (5,063) | (168) |
| Cash from financing | (1,250) | (523) | (823) | (457) | 491 | (625) | (864) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8,292 | 7,908 | 7,934 | 7,250 | 7,560 | 6,944 | 6,883 | 6,760 |
| Revenue growth (YoY) | +9.7% | +13.9% | +15.3% | +7.2% | +6.8% | - | - | - |
| Other income | 191 | 148 | 123 | 107 | 125 | 111 | 96.60 | 112 |
| Total expenses | 7,343 | 6,645 | 6,646 | 6,160 | 6,526 | 5,901 | 6,081 | 5,787 |
| EBITDA | 949 | 1,263 | 1,287 | 1,090 | 1,034 | 1,043 | 802 | 973 |
| EBITDA margin | +11.4% | +16.0% | +16.2% | +15.0% | +13.7% | +15.0% | +11.6% | +14.4% |
| Depreciation | 446 | 441 | 436 | 443 | 427 | 431 | 414 | 408 |
| Interest | 69.72 | 70.56 | 73.57 | 70.77 | 82.16 | 78.19 | 71.09 | 66.73 |
| Profit before tax | 625 | 900 | 901 | 682 | 651 | 645 | 413 | 611 |
| Tax | 150 | 219 | 221 | 171 | 166 | 147 | 106 | 155 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8,416 | 8,044 | 8,050 | 7,379 | 7,676 | 7,075 | 7,001 | 6,881 |
| Revenue growth (YoY) | +9.6% | +13.7% | +15.0% | +7.2% | +6.7% | - | - | - |
| Other income | 195 | 153 | 127 | 108 | 129 | 115 | 98.08 | 113 |
| EBITDA | 991 | 1,305 | 1,323 | 1,126 | 1,070 | 1,074 | 835 | 1,011 |
| EBITDA margin | +11.8% | +16.2% | +16.4% | +15.3% | +13.9% | +15.2% | +11.9% | +14.7% |
| Depreciation | 448 | 442 | 438 | 445 | 429 | 433 | 415 | 410 |
| Interest | 88.33 | 86.33 | 91.23 | 90.23 | 98.41 | 97.93 | 93.65 | 83.78 |
| Profit before tax | 650 | 930 | 920 | 699 | 672 | 659 | 424 | 631 |
| Tax | 154 | 227 | 226 | 173 | 170 | 149 | 109 | 160 |
| Net profit | 495 | 702 | 695 | 526 | 502 | 510 | 315 | 471 |
| EPS (₹) | 1,167.97 | 1,655.80 | 1,631.23 | 1,239.38 | 1,180.04 | 1,207.48 | 743.80 | 1,109.85 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 31,149 | 28,153 | 25,169 | 23,008 | 19,317 | 16,163 | 16,239 |
| Revenue growth | +10.6% | +11.9% | +9.4% | +19.1% | +19.5% | -0.5% | - |
| Other income | 505 | 417 | 317 | 253 | 317 | 210 | 335 |
| Total expenses | 26,304 | 24,065 | 20,908 | 20,612 | 17,258 | 13,214 | 13,857 |
| Employee cost | 2,046 | 1,885 | 1,798 | 1,595 | 1,502 | 1,415 | 1,345 |
| EBITDA | 4,845 | 4,088 | 4,262 | 2,397 | 2,059 | 2,949 | 2,382 |
| EBITDA margin | +15.6% | +14.5% | +16.9% | +10.4% | +10.7% | +18.3% | +14.7% |
| Depreciation | 1,754 | 1,654 | 1,430 | 1,253 | 1,205 | 1,141 | 982 |
| Interest | 374 | 368 | 361 | 326 | 263 | 282 | 301 |
| Profit before tax | 3,222 | 2,483 | 2,787 | 1,070 | 908 | 1,737 | 1,434 |
| Tax | 796 | 610 | 706 | 301 | 239 | 460 | 11.68 |
| Net profit | 2,475 | 1,875 | 2,089 | 700 | 665 | 1,280 | 1,413 |
| Net profit margin | +8.0% | +6.7% | +8.3% | +3.0% | +3.4% | +7.9% | +8.7% |
| EPS (₹) | 5,721.91 | 4,418.11 | 4,908.54 | 1,813.51 | 1,578.37 | 3,011.93 | 3,355.09 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 4.24 | 4.24 | 4.24 | 4.24 | 4.24 | 4.24 | 4.24 |
| Reserves & surplus | 20,970 | 18,606 | 16,699 | 14,703 | 14,028 | 13,409 | 12,210 |
| Shareholders' funds (net worth) | 20,975 | 18,610 | 16,703 | 14,708 | 14,032 | 13,414 | 12,215 |
| Minority interest | 0.19 | 0.18 | 0.17 | 0.16 | 0.15 | 0.14 | 0.13 |
| Secured loans | 390 | 983 | 788 | 1,070 | 950 | 299 | 483 |
| Unsecured loans | 2,816 | 2,788 | 2,033 | 1,944 | 2,279 | 2,089 | 1,371 |
| Total debt | 3,207 | 3,771 | 2,822 | 3,014 | 3,229 | 2,388 | 1,854 |
| Total liabilities | 24,741 | 22,908 | 20,120 | 18,171 | 17,768 | 16,198 | 14,836 |
| Assets | |||||||
| Gross block | 24,236 | 22,925 | 20,227 | 16,973 | 15,287 | 14,079 | 12,427 |
| Net block | 12,966 | 13,223 | 12,046 | 10,118 | 9,522 | 9,441 | 8,870 |
| Capital work in progress | 1,034 | 1,169 | 2,385 | 3,046 | 1,233 | 1,002 | 1,741 |
| Investments | 3,398 | 4,548 | 3,383 | 3,085 | 3,656 | 5,874 | 1,519 |
| Inventories | 5,417 | 5,625 | 4,469 | 4,141 | 4,130 | 2,939 | 2,905 |
| Sundry debtors | 3,542 | 3,370 | 2,912 | 2,503 | 2,333 | 2,146 | 2,299 |
| Cash & bank balances | 2,183 | 487 | 345 | 258 | 180 | 169 | 1,181 |
| Loans & advances | 619 | 611 | 562 | 364 | 1,024 | 364 | 252 |
| Total current assets | 11,760 | 10,093 | 8,288 | 7,266 | 7,667 | 5,619 | 6,637 |
| Total current liabilities | 6,695 | 6,319 | 6,268 | 5,814 | 4,896 | 6,004 | 4,177 |
| Net working capital | 5,065 | 3,774 | 2,020 | 1,452 | 2,771 | (385) | 2,460 |
| Total assets | 24,741 | 22,908 | 20,120 | 18,171 | 17,768 | 16,198 | 14,836 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 374 | 304 | 249 | 254 | 167 | 1,179 | 102 |
| Net cash from operating activities | 4,590 | 1,865 | 3,303 | 2,755 | (578) | 4,325 | 2,271 |
| Net cash from investing activities | (3,539) | (2,077) | (2,381) | (1,922) | 166 | (5,087) | (162) |
| Net cash from financing activities | (1,120) | 282 | (868) | (840) | 424 | (250) | (1,032) |
| Net change in cash | (69.26) | 69.58 | 54.56 | (5.88) | 11.84 | (1,012) | 1,077 |
| Closing cash | 2,183 | 487 | 345 | 258 | 180 | 169 | 1,181 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +10.6% | +11.9% | +9.4% | +19.1% | +19.5% | -0.5% | - |
| EBITDA growth | +18.5% | -4.1% | +77.8% | +16.4% | -30.2% | +23.8% | - |
| PBT growth | +29.8% | -10.9% | +160.6% | +17.8% | -47.7% | +21.1% | -13.2% |
| Net income growth | +32.0% | -10.2% | +198.5% | +5.2% | -48.0% | -9.4% | - |
| Revenue CAGR (3Y) | +10.6% | +13.4% | +15.9% | +12.3% | +6.3% | +2.6% | +6.6% |
| EBITDA CAGR (3Y) | +26.5% | +25.7% | +13.1% | +0.2% | -3.8% | +8.8% | -3.4% |
| Profitability & leverage | |||||||
| Net income margin | +7.8% | +6.7% | +8.3% | +3.3% | +3.5% | +7.9% | +8.8% |
| Return on capital employed | +15.1% | +13.3% | +16.5% | +7.8% | +6.9% | +13.0% | +12.2% |
| Return on net worth | +12.3% | +10.6% | +13.3% | +5.4% | +4.9% | +10.0% | +12.3% |
| Debt / equity | 0.18 | 0.19 | 0.19 | 0.22 | 0.20 | 0.17 | 0.19 |
| Long-term debt / equity | 0.05 | 0.07 | 0.09 | 0.09 | 0.08 | 0.07 | 0.08 |
| Interest cover | 12.10 | 15.11 | 12.75 | 28.55 | 30.78 | 15.57 | 21.49 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.32 | 1.30 | 1.35 | 1.43 | 1.32 | 1.22 | 1.49 |
| Inventory turnover | 5.64 | 5.58 | 5.85 | 5.56 | 5.47 | 5.53 | 5.51 |
| Debtors turnover | 9.01 | 8.96 | 9.30 | 9.52 | 8.63 | 7.27 | 6.94 |
| EPS (₹) | 5,721.91 | 4,418.11 | 4,908.54 | 1,813.51 | 1,578.37 | 3,011.93 | 3,355.09 |
| Dividend per share (₹) | 235.00 | 235.00 | 200.00 | 175.00 | 150.00 | 150.00 | 100.00 |
| Book value per share (₹) | 49,468.30 | 43,890.94 | 39,393.84 | 34,687.88 | 33,093.75 | 31,636.01 | 28,808.28 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8,292 | 7,908 | 7,934 | 7,250 | 7,560 | 6,944 | 6,883 | 6,760 |
| Revenue growth (YoY) | +9.7% | +13.9% | +15.3% | +7.2% | +6.8% | - | - | - |
| Other income | 191 | 148 | 123 | 107 | 125 | 111 | 96.60 | 112 |
| Total expenses | 7,343 | 6,645 | 6,646 | 6,160 | 6,526 | 5,901 | 6,081 | 5,787 |
| EBITDA | 949 | 1,263 | 1,287 | 1,090 | 1,034 | 1,043 | 802 | 973 |
| EBITDA margin | +11.4% | +16.0% | +16.2% | +15.0% | +13.7% | +15.0% | +11.6% | +14.4% |
| Depreciation | 446 | 441 | 436 | 443 | 427 | 431 | 414 | 408 |
| Interest | 69.72 | 70.56 | 73.57 | 70.77 | 82.16 | 78.19 | 71.09 | 66.73 |
| Profit before tax | 625 | 900 | 901 | 682 | 651 | 645 | 413 | 611 |
| Tax | 150 | 219 | 221 | 171 | 166 | 147 | 106 | 155 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 30,652 | 27,665 | 24,674 | 22,578 | 18,990 | 15,921 | 15,991 |
| Revenue growth | +10.8% | +12.1% | +9.3% | +18.9% | +19.3% | -0.4% | - |
| Other income | 488 | 403 | 312 | 329 | 315 | 207 | 330 |
| Total expenses | 25,957 | 23,704 | 20,500 | 20,235 | 16,969 | 13,021 | 13,661 |
| Employee cost | 1,992 | 1,832 | 1,750 | 1,559 | 1,472 | 1,388 | 1,321 |
| EBITDA | 4,696 | 3,961 | 4,174 | 2,343 | 2,020 | 2,901 | 2,330 |
| EBITDA margin | +15.3% | +14.3% | +16.9% | +10.4% | +10.6% | +18.2% | +14.6% |
| Depreciation | 1,747 | 1,647 | 1,425 | 1,249 | 1,201 | 1,137 | 981 |
| Interest | 303 | 297 | 323 | 304 | 255 | 271 | 281 |
| Profit before tax | 3,133 | 2,420 | 2,739 | 1,119 | 879 | 1,700 | 1,399 |
| Tax | 778 | 597 | 698 | 303 | 232 | 451 | 4.34 |
| Net profit | 2,403 | 1,821 | 2,048 | 688 | 644 | 1,252 | 1,385 |
| Net profit margin | +7.8% | +6.6% | +8.3% | +3.1% | +3.4% | +7.9% | +8.7% |
| EPS (₹) | 5,555.19 | 4,298.47 | 4,813.56 | 1,925.07 | 1,526.75 | 2,945.90 | 3,290.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 4.24 | 4.24 | 4.24 | 4.24 | 4.24 | 4.24 | 4.24 |
| Reserves & surplus | 20,448 | 18,172 | 16,436 | 14,505 | 13,773 | 13,175 | 12,000 |
| Shareholders' funds (net worth) | 20,452 | 18,176 | 16,441 | 14,509 | 13,777 | 13,179 | 12,004 |
| Secured loans | 190 | 932 | 874 | 1,070 | 950 | 299 | 483 |
| Unsecured loans | 1,499 | 1,521 | 1,503 | 1,491 | 1,464 | 1,214 | 882 |
| Total debt | 1,690 | 2,453 | 2,377 | 2,561 | 2,415 | 1,514 | 1,365 |
| Total liabilities | 22,700 | 21,156 | 19,414 | 17,520 | 16,700 | 15,088 | 14,137 |
| Assets | |||||||
| Gross block | 24,106 | 22,800 | 20,133 | 17,146 | 15,216 | 14,017 | 12,398 |
| Net block | 12,871 | 13,129 | 11,977 | 10,050 | 9,466 | 9,391 | 8,849 |
| Capital work in progress | 1,033 | 1,166 | 2,363 | 3,045 | 1,226 | 1,001 | 1,735 |
| Investments | 3,347 | 4,559 | 3,404 | 3,106 | 3,665 | 5,876 | 1,540 |
| Inventories | 5,338 | 5,539 | 4,361 | 4,043 | 4,062 | 2,880 | 2,853 |
| Sundry debtors | 3,477 | 3,302 | 2,842 | 2,442 | 2,283 | 2,112 | 2,257 |
| Cash & bank balances | 2,025 | 249 | 240 | 156 | 115 | 105 | 1,107 |
| Loans & advances | 544 | 521 | 497 | 345 | 975 | 324 | 228 |
| Total current assets | 11,384 | 9,611 | 7,940 | 6,986 | 7,435 | 5,422 | 6,444 |
| Total current liabilities | 8,085 | 7,484 | 6,543 | 6,122 | 5,600 | 6,793 | 4,590 |
| Net working capital | 3,299 | 2,128 | 1,397 | 864 | 1,834 | (1,371) | 1,855 |
| Total assets | 22,700 | 21,156 | 19,414 | 17,520 | 16,700 | 15,088 | 14,137 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 244 | 236 | 146 | 113 | 103 | 1,104 | 57.52 |
| Net cash from operating activities | 4,639 | 2,639 | 3,230 | 2,417 | (657) | 4,687 | 2,079 |
| Net cash from investing activities | (3,372) | (2,107) | (2,318) | (1,927) | 177 | (5,063) | (168) |
| Net cash from financing activities | (1,250) | (523) | (823) | (457) | 491 | (625) | (864) |
| Net change in cash | 17.23 | 8.06 | 89.24 | 33.20 | 10.31 | (1,001) | 1,047 |
| Closing cash | 2,025 | 249 | 240 | 156 | 115 | 105 | 1,107 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +10.8% | +12.1% | +9.3% | +18.9% | +19.3% | -0.4% | - |
| EBITDA growth | +18.5% | -5.1% | +78.1% | +16.0% | -30.4% | +24.5% | - |
| PBT growth | +29.5% | -11.7% | +144.7% | +27.3% | -48.3% | +21.5% | -13.0% |
| Net income growth | +31.9% | -11.1% | +197.7% | +6.9% | -48.6% | -9.6% | - |
| Revenue CAGR (3Y) | +10.7% | +13.4% | +15.7% | +12.2% | +6.2% | +2.5% | +6.5% |
| EBITDA CAGR (3Y) | +26.1% | +25.2% | +12.9% | +0.2% | -3.5% | +9.2% | -3.5% |
| Profitability & leverage | |||||||
| Net income margin | +7.7% | +6.6% | +8.3% | +3.6% | +3.4% | +7.9% | +8.7% |
| Return on capital employed | +15.7% | +13.4% | +16.6% | +7.3% | +7.1% | +13.5% | +12.5% |
| Return on net worth | +12.2% | +10.5% | +13.2% | +4.9% | +4.8% | +9.9% | +12.3% |
| Debt / equity | 0.11 | 0.14 | 0.16 | 0.18 | 0.15 | 0.11 | 0.14 |
| Long-term debt / equity | 0.05 | 0.07 | 0.09 | 0.09 | 0.09 | 0.08 | 0.08 |
| Interest cover | 10.27 | 12.83 | 11.73 | 27.78 | 31.09 | 15.35 | 20.82 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.31 | 1.29 | 1.32 | 1.40 | 1.30 | 1.21 | 1.47 |
| Inventory turnover | 5.64 | 5.59 | 5.87 | 5.57 | 5.47 | 5.55 | 5.51 |
| Debtors turnover | 9.04 | 9.01 | 9.34 | 9.56 | 8.64 | 7.29 | 6.92 |
| EPS (₹) | 5,555.19 | 4,298.47 | 4,813.56 | 1,925.07 | 1,526.75 | 2,945.90 | 3,290.05 |
| Dividend per share (₹) | 235.00 | 235.00 | 200.00 | 175.00 | 150.00 | 150.00 | 100.00 |
| Book value per share (₹) | 48,235.73 | 42,867.62 | 38,775.12 | 34,219.03 | 32,493.56 | 31,082.22 | 28,312.15 |
To see the full year-wise statements and ratios of MRF Limited, buy the company report.
Board of directors of MRF Limited
MRF has 14 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Mammen Mappillai Also directs: KMMM Partners LLP, Chennai International Centre | Managing Director | 04 May 2017 | 9 Years 5 Months | Current |
| Vimla Abraham Also directs: The Padinjarekara Agencies Private Limited | Director | 05 Feb 2019 | 7 Years 8 Months | Current |
| Kandathil Mammen Mammen Also directs: MRF International Limited, MRF Corp Limited, Stable Investments and Finance Company Limited and 2 more | Managing Director | 20 Feb 1981 | 45 Years 8 Months | Current |
| Arun Mammen Also directs: KMMM Partners LLP, Automotive Tyre Manufacturers Association, MRF International Limited and 4 more | Managing Director | 01 Apr 2013 | 13 Years 6 Months | Current |
| Cibi Mammen Also directs: Funskool(India) Ltd., Coastal Rubber Equipment Private Limited, Devon Machines Private Limited and 5 more | Director | 12 Feb 2015 | 11 Years 8 Months | Current |
| Ambika Mammen Also directs: Funskool(India) Ltd., Braga Industries LLP, Coastal Rubber Equipment Private Limited and 5 more | Director | 23 Apr 2015 | 11 Years 6 Months | Current |
Peer comparison
MRF Limited is compared with the 3 companies closest to it by revenue in the Automobiles industry (Auto Ancillary), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| MRF Limitedthis company | ₹31,149 Cr (FY 2026) | ₹2,475.03 Cr | 7.9% | 10.6% | 16,974 | Chennai, Tamil Nadu, India |
| Apollo Tyres Limited. | ₹26,212 Cr (FY 2025) | 3.0% | Kochi, Kerala, India | |||
| JK Tyre & Industries Limited | ₹14,772 Cr (FY 2025) | -2.0% | Kankroli, Rajasthan, India | |||
| Ceat Limited | ₹13,235 Cr (FY 2025) | 11.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of MRF Limited, buy the company report.
Auditor
MRF Limited is audited by M M NISSIM & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M M NISSIM & CO LLP | FY 2023 | 107122W/W100672 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 27.80%, foreign institutional investors hold 17.40%, domestic institutional investors hold 12.10% and retail and other public shareholders hold 42.70%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 27.80% | 27.80% | 27.70% | 27.70% |
| Public | 72.20% | 72.20% | 72.30% | 72.30% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Jan 2020 | 100318978 | Others | ₹761.78 Cr | Open | |
| 08 Dec 2006 | 10030186 | Infrastructure Development Finance Company Limited | ₹61 Cr | Open | |
| 22 Feb 1996 | 90285121 | State Bank of India | ₹3,790 Cr | Open | |
| 09 Apr 2012 | 10351686 | State Bank of Mysore | ₹410 Cr | Satisfied | |
| 05 Jan 2012 | 10330357 | The Bank of Tokyo-Mitsubishi Ufj Ltd | ₹204.62 Cr | Satisfied |
To see the full charge records of MRF Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
MRF Limited has 26 deals on record (25 market trades, 1 debt financing), with disclosed funding of ₹150 Cr; the latest was in October 2025.
Deals on record (5 of 26)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2025 | Market trade | ₹48.68 Cr | Buyer: Goldman Sachs Bank Europese Seller: Goldman Sachs Public Market Fund |
| Feb 2023 | Debt financing | ₹150 Cr | |
| Nov 2022 | Market trade | ₹19.83 Cr | Buyer: an individual Seller: Ishares Core Emerging Markets Mauritius Co |
| Nov 2022 | Market trade | ₹41.69 Cr | Buyer: an individual Seller: Ishares Core Emerging Markets Mauritius Co |
| Apr 2011 | Market trade | ₹16.18 Cr | Buyer: Adroit Financial Services Private Limited Seller: Adroit Financial Services Private Limited |
To see the full deal history of MRF Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
MRF Limited has 1,771 court cases on record: 1,074 filed by MRF, 697 filed against it. 348 cases are pending and 1,423 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1,193 | 330 | 245 |
| District courts | 467 | 292 | 72 |
| Supreme Court | 59 | 28 | 7 |
| NCLAT | 45 | 40 | 24 |
| NCLT | 7 | 7 | 0 |
Cases on record (5 of 1,771)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Paschim Medinpur, West Bengal | Court case (J.MISC) | Filed against the company by Birla Corporation Ltd. | Pending |
| High Court for State of Telangana | Appeal | Filed by the company against Southern Power Distribution Company of Telangana Limited and 1 other | Pending |
| High Court of Kerala | Writ petition | Filed by the company against HDFC Bank Limited, and 1 other | Disposed |
| District court, Puducherry | Court case (ID) | Filed against the company by an individual | Pending |
| Madras High Court | Appeal | Filed against the company by an individual | Pending |
To see the full case history of MRF Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
MRF Limited was last rated by Icra on 30 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 30 Nov 2021 |
To see the full credit ratings and regulatory alerts of MRF Limited, buy the company report.
MSME payment delays
MRF Limited has 16 MSME Form 1 returns on record between 2019 and 2024, listing 1,049 overdue payments to 377 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 377)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Levvan Engineering & Automation Private Limited | |||
| Marvel Machines Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of MRF Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
MRF has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| MRF International Limited | U25111TN1992PLC023695 | |
| MRF Corp Limited | U65929TN1985PLC012156 |
To see the full group structure of MRF Limited, buy the company report.
Employees & EPFO
MRF Limited has a workforce of 16,974 employees on its EPFO records as of Mar 31, 2024, across 14 active EPFO establishments.
GST
MRF has 26 GST registrations: 23 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACM4154G1ZX | Punjab | Active | 01 Jul 2017 |
| 04AAACM4154G1ZV | Chandigarh | Active | 01 Jul 2017 |
| 05AAACM4154G1ZT | Uttarakhand | Active | 01 Jul 2017 |
| 07AAACM4154G1ZP | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of MRF Limited, buy the company report.
Recent activity
MRF Limited has 42 board changes on record since 1960: 29 appointments and 13 cessations. The latest: Ashok Peter Jacob ceased to be Director on 29 Sep 2024.
58 earlier events are in the company report.
News
Frequently asked questions
MRF is an active public limited company based in Chennai, Tamil Nadu, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 05 November 1960 (66+ years old) and is registered under CIN L25111TN1960PLC004306. Listed on BSE: 500290 and NSE: MRF.
MRF reported revenue of ₹31,149 Cr for FY 2025-26 (up 10.6% YoY) based on consolidated financials.
MRF has 14 current directors:
- Rahul Mammen Mappillai - Managing Director
- Kandathil Mammen Mammen - Managing Director
- Arun Mammen - Managing Director
- Samir Mappillai Thariyan - Whole-Time Director
- Varun Mammen - Whole-Time Director
- Vimla Abraham - Director
- Cibi Mammen - Director
- Ambika Mammen - Director
- Vikram Taranath Hosangady - Director
- Ramesh Rangarajan - Director
- Dinshaw Keku Parakh - Director
- Vasu Arun - Director
- Vikram Chesetty - Director
- Prasad Oommen - Director
The latest financial statements of MRF on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 07 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of MRF is 03AAACM4154G1ZX, registered in Punjab. The company has 26 GST registrations in all, of which 23 are active and 3 are cancelled or inactive. Other active GSTINs include 04AAACM4154G1ZV (Chandigarh), 05AAACM4154G1ZT (Uttarakhand), 07AAACM4154G1ZP (Delhi).
The CIN (Corporate Identification Number) of MRF is L25111TN1960PLC004306. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. MRF is a listed company as per MCA records. Its shares are listed on both BSE (code: 500290) and NSE (symbol: MRF).
MRF has 1,771 court cases on record: 1,074 filed by the company and 697 filed against it. 348 are pending. Most are in the high courts.
MRF was incorporated on 05 November 1960, making it 66+ years old. It is registered with the Registrar of Companies, Chennai.
MRF has 26 deals on record (25 market trades, 1 debt financing), with disclosed funding of ₹150 Cr; the latest was in October 2025.
The peers of MRF by revenue are Apollo Tyres Limited, JK Tyre & Industries Limited, Ceat Limited, all in the Automobiles industry (Auto Ancillary), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Ashok Peter Jacob ceased to be Director on 29 Sep 2024. Jacob Kurian ceased to be Director on 29 Sep 2024. Ranjit Jesudasen ceased to be Director on 29 Sep 2024. MRF has 42 board changes on record in total.