Shares of MRF experienced a decline of 2.05% in Thursday's trading session, with the stock currently priced at Rs 147625.00. The stock is included as one of the stocks in the benchmark NIFTY MIDCAP 150 index.
Financial Snapshot:
The following table presents the key financial figures for MRF:
| Heading | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 6,349.36 Crore | Rs 7,196.45 Crore | Rs 6,881.09 Crore | Rs 7,000.82 Crore | Rs 7,074.82 Crore |
| Net Profit | Rs 396.11 Crore | Rs 571.02 Crore | Rs 470.70 Crore | Rs 315.46 Crore | Rs 512.11 Crore |
| EPS | 933.97 | 1,346.38 | 1,109.85 | 743.80 | 1,207.48 |
In the financial quarterly data, the revenue for MRF has shown fluctuations. The revenue was Rs 6,349.36 Crore in March 2024, which increased to Rs 7,196.45 Crore in June 2024. It then slightly decreased to Rs 6,881.09 Crore in September 2024 and rose again to Rs 7,000.82 Crore in December 2024. The latest revenue figure for March 2025 is Rs 7,074.82 Crore. The net profit followed a similar trend, with Rs 396.11 Crore in March 2024, rising to Rs 571.02 Crore in June 2024, then decreasing to Rs 470.70 Crore in September 2024 and Rs 315.46 Crore in December 2024, and finally increasing to Rs 512.11 Crore in March 2025. The EPS values also reflect these fluctuations, with the highest EPS recorded in June 2024 at 1,346.38 and the lowest in December 2024 at 743.80.
| Heading | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 16,163.19 Crore | Rs 19,316.72 Crore | Rs 23,008.50 Crore | Rs 25,169.21 Crore | Rs 28,153.18 Crore |
| Net Profit | Rs 1,277.07 Crore | Rs 669.24 Crore | Rs 768.96 Crore | Rs 2,081.23 Crore | Rs 1,869.29 Crore |
| EPS | 3,011.14 | 1,577.97 | 1,813.10 | 4,907.24 | 4,407.51 |
| BVPS | 31,636.34 | 33,094.10 | 34,688.25 | 39,394.25 | 43,604.86 |
| ROE | 9.52 | 4.76 | 5.22 | 12.46 | 10.11 |
| Debt to Equity | 0.13 | 0.20 | 0.17 | 0.12 | 0.16 |
In the financial yearly data, the revenue for MRF has consistently increased from Rs 16,163.19 Crore in 2021 to Rs 28,153.18 Crore in 2025. However, the net profit has fluctuated, with a significant increase in 2024 to Rs 2,081.23 Crore, followed by a decrease to Rs 1,869.29 Crore in 2025. The EPS values reflect a similar trend, with a high of 4,907.24 in 2024 and a decrease to 4,407.51 in 2025. The BVPS has steadily increased, indicating growing book value per share. The ROE increased significantly in 2024 and then decreased in 2025, while the debt-to-equity ratio has remained relatively stable over the years.
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | Rs 28,153 Crore | Rs 25,169 Crore | Rs 23,008 Crore | Rs 19,316 Crore | Rs 16,163 Crore |
| Other Income | Rs 408 Crore | Rs 316 Crore | Rs 252 Crore | Rs 316 Crore | Rs 209 Crore |
| Total Income | Rs 28,561 Crore | Rs 25,486 Crore | Rs 23,261 Crore | Rs 19,633 Crore | Rs 16,373 Crore |
| Total Expenditure | Rs 25,722 Crore | Rs 22,345 Crore | Rs 21,872 Crore | Rs 18,471 Crore | Rs 14,361 Crore |
| EBIT | Rs 2,839 Crore | Rs 3,140 Crore | Rs 1,388 Crore | Rs 1,161 Crore | Rs 2,011 Crore |
| Interest | Rs 360 Crore | Rs 353 Crore | Rs 319 Crore | Rs 253 Crore | Rs 274 Crore |
| Tax | Rs 609 Crore | Rs 706 Crore | Rs 300 Crore | Rs 238 Crore | Rs 459 Crore |
| Net Profit | Rs 1,869 Crore | Rs 2,081 Crore | Rs 768 Crore | Rs 669 Crore | Rs 1,277 Crore |
The annual income statement shows consistent growth in sales from Rs 16,163 Crore in March 2021 to Rs 28,153 Crore in March 2025. Other income has also increased over the years, contributing to the growth in total income. Total expenditure has risen in line with income, while EBIT, interest, and tax figures have fluctuated. Net profit increased significantly in March 2024 but saw a slight decrease in March 2025.
| Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|
| Sales | Rs 7,074 Crore | Rs 7,000 Crore | Rs 6,881 Crore | Rs 7,196 Crore | Rs 6,349 Crore |
| Other Income | Rs 112 Crore | Rs 98 Crore | Rs 113 Crore | Rs 84 Crore | Rs 93 Crore |
| Total Income | Rs 7,187 Crore | Rs 7,098 Crore | Rs 6,994 Crore | Rs 7,280 Crore | Rs 6,443 Crore |
| Total Expenditure | Rs 6,428 Crore | Rs 6,581 Crore | Rs 6,279 Crore | Rs 6,432 Crore | Rs 5,822 Crore |
| EBIT | Rs 758 Crore | Rs 517 Crore | Rs 714 Crore | Rs 847 Crore | Rs 620 Crore |
| Interest | Rs 97 Crore | Rs 93 Crore | Rs 83 Crore | Rs 84 Crore | Rs 93 Crore |
| Tax | Rs 148 Crore | Rs 108 Crore | Rs 160 Crore | Rs 191 Crore | Rs 131 Crore |
| Net Profit | Rs 512 Crore | Rs 315 Crore | Rs 470 Crore | Rs 571 Crore | Rs 396 Crore |
The quarterly income statement data reveals sales fluctuating between Rs 6,349 Crore and Rs 7,196 Crore. Total expenditure generally follows the trend of sales. EBIT, interest, tax, and net profit figures also vary across the quarters.
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | Rs 1,867 Crore | Rs 3,300 Crore | Rs 2,755 Crore | Rs -578 Crore | Rs 4,324 Crore |
| Investing Activities | Rs -2,082 Crore | Rs -2,379 Crore | Rs -1,923 Crore | Rs 165 Crore | Rs -5,086 Crore |
| Financing Activities | Rs 282 Crore | Rs -868 Crore | Rs -839 Crore | Rs 423 Crore | Rs -249 Crore |
| Others | Rs 0 Crore | Rs 1 Crore | Rs 1 Crore | Rs 1 Crore | Rs 0 Crore |
| Net Cash Flow | Rs 67 Crore | Rs 54 Crore | Rs -5 Crore | Rs 11 Crore | Rs -1,011 Crore |
Cash flow from operating activities has varied significantly over the years, with Rs 1,867 Crore in March 2025 compared to Rs 4,324 Crore in March 2021. Investing activities generally show a net outflow, while financing activities fluctuate between inflows and outflows. Net cash flow has been positive in most years except for March 2021 and March 2023.
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | Rs 4 Crore | Rs 4 Crore | Rs 4 Crore | Rs 4 Crore | Rs 4 Crore |
| Reserves & Surplus | Rs 18,484 Crore | Rs 16,698 Crore | Rs 14,703 Crore | Rs 14,027 Crore | Rs 13,409 Crore |
| Current Liabilities | Rs 8,959 Crore | Rs 7,710 Crore | Rs 7,495 Crore | Rs 6,956 Crore | Rs 7,267 Crore |
| Other Liabilities | Rs 2,118 Crore | Rs 2,436 Crore | Rs 2,166 Crore | Rs 2,071 Crore | Rs 1,900 Crore |
| Total Liabilities | Rs 29,566 Crore | Rs 26,849 Crore | Rs 24,369 Crore | Rs 23,059 Crore | Rs 22,581 Crore |
The balance sheet data indicates a steady increase in reserves and surplus over the years, reflecting the company's growing financial strength. Current liabilities and other liabilities have also generally increased, contributing to the rise in total liabilities. Total assets have increased from Rs 22,581 Crore in March 2021 to Rs 29,566 Crore in March 2025.
Corporate Actions
Dividend History
The company has announced several dividends in recent years. Key dividend announcements include:
Bonus History
The company has issued bonus shares in the past. Key bonus announcements include:
Moneycontrol analysis indicates a very bullish sentiment for MRF as of 2025-07-10.
With the stock's last traded price at Rs 147625.00, MRF has seen a decline of 2.05% in today's trading session.
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