MRF shares declined by 2.15% to Rs 146,105.00 in Wednesday's session, emerging as one of the top losers on the Nifty Midcap 150. This decline reflects a decrease from the previous close.
Financial Highlights
MRF's financial performance shows a mix of quarterly and annual results. Here’s an overview:
Consolidated Quarterly Performance:
The revenue and net profit for the recent quarters are as follows:
| Heading | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 7,196.45 Crore | Rs 6,881.09 Crore | Rs 7,000.82 Crore | Rs 7,074.82 Crore | Rs 7,675.69 Crore |
| Net Profit | Rs 571.02 Crore | Rs 470.70 Crore | Rs 315.46 Crore | Rs 512.11 Crore | Rs 500.47 Crore |
| EPS | 1,346.38 | 1,109.85 | 743.80 | 1,207.48 | 1,180.04 |
Consolidated Yearly Performance:
The yearly financial highlights are as follows:
| 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 |
Income Statement Yearly:
| 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 |
| Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | |
|---|---|---|---|---|---|
| Sales | Rs 7,675 Crore | Rs 7,074 Crore | Rs 7,000 Crore | Rs 6,881 Crore | Rs 7,196 Crore |
| Other Income | Rs 126 Crore | Rs 112 Crore | Rs 98 Crore | Rs 113 Crore | Rs 84 Crore |
| Total Income | Rs 7,802 Crore | Rs 7,187 Crore | Rs 7,098 Crore | Rs 6,994 Crore | Rs 7,280 Crore |
| Total Expenditure | Rs 7,033 Crore | Rs 6,428 Crore | Rs 6,581 Crore | Rs 6,279 Crore | Rs 6,432 Crore |
| EBIT | Rs 768 Crore | Rs 758 Crore | Rs 517 Crore | Rs 714 Crore | Rs 847 Crore |
| Interest | Rs 98 Crore | Rs 97 Crore | Rs 93 Crore | Rs 83 Crore | Rs 84 Crore |
| Tax | Rs 170 Crore | Rs 148 Crore | Rs 108 Crore | Rs 160 Crore | Rs 191 Crore |
| Net Profit | Rs 500 Crore | Rs 512 Crore | Rs 315 Crore | Rs 470 Crore | Rs 571 Crore |
| 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 |
| 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 |
| Fixed Assets | Rs 14,389 Crore | Rs 14,430 Crore | Rs 13,163 Crore | Rs 10,754 Crore | Rs 10,442 Crore |
| Current Assets | Rs 13,396 Crore | Rs 10,549 Crore | Rs 9,243 Crore | Rs 10,187 Crore | Rs 10,367 Crore |
| Other Assets | Rs 1,781 Crore | Rs 1,869 Crore | Rs 1,961 Crore | Rs 2,116 Crore | Rs 1,771 Crore |
| Total Assets | Rs 29,566 Crore | Rs 26,849 Crore | Rs 24,369 Crore | Rs 23,059 Crore | Rs 22,581 Crore |
| Contingent Liabilities | Rs 2,466 Crore | Rs 3,184 Crore | Rs 3,669 Crore | Rs 3,956 Crore | Rs 2,132 Crore |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 4,407.51 | 4,907.24 | 1,813.10 | 1,577.97 | 3,011.14 |
| Diluted EPS (Rs.) | 4,407.51 | 4,907.24 | 1,813.10 | 1,577.97 | 3,011.14 |
| Book Value / Share (Rs.) | 43,604.86 | 39,394.25 | 34,688.25 | 33,094.10 | 31,636.34 |
| Dividend/Share (Rs.) | 235.00 | 200.00 | 175.00 | 150.00 | 150.00 |
| Face Value | 10 | 10 | 10 | 10 | 10 |
| Gross Profit Margin (%) | 15.95 | 18.15 | 11.48 | 12.25 | 19.50 |
| Operating Margin (%) | 10.08 | 12.47 | 6.03 | 6.01 | 12.44 |
| Net Profit Margin (%) | 6.63 | 8.26 | 3.34 | 3.46 | 7.90 |
| Return on Networth / Equity (%) | 10.11 | 12.46 | 5.22 | 4.76 | 9.52 |
| ROCE (%) | 13.77 | 16.40 | 8.23 | 7.21 | 13.13 |
| Return On Assets (%) | 6.32 | 7.75 | 3.15 | 2.90 | 5.65 |
| Current Ratio (X) | 1.50 | 1.37 | 1.23 | 1.46 | 1.43 |
| Quick Ratio (X) | 0.87 | 0.79 | 0.68 | 0.87 | 1.02 |
| Debt to Equity (x) | 0.16 | 0.12 | 0.17 | 0.20 | 0.13 |
| Interest Coverage Ratios (X) | 12.48 | 12.95 | 8.28 | 9.33 | 7.32 |
| Asset Turnover Ratio (%) | 1.00 | 0.98 | 0.97 | 0.84 | 71.57 |
| Inventory Turnover Ratio (X) | 5.58 | 3.54 | 3.81 | 3.79 | 5.50 |
| 3 Yr CAGR Sales (%) | 20.72 | 24.79 | 19.03 | 9.66 | 3.80 |
| 3 Yr CAGR Net Profit (%) | 67.13 | 27.66 | -26.48 | -23.06 | 6.23 |
| P/E (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/B (x) | 2.58 | 3.38 | 2.42 | 1.96 | 2.60 |
| EV/EBITDA (x) | 11.19 | 12.74 | 14.31 | 12.75 | 11.55 |
| P/S (x) | 1.70 | 2.25 | 1.55 | 1.43 | 2.16 |
MRF has announced several corporate actions, including dividends. Recent dividend announcements include:
Moneycontrol analysis on September 8, 2025, indicated a bullish sentiment on the stock.
With MRF's share price currently at Rs 146,105.00, the stock is experiencing a notable downturn, positioning it among the top losers on the Nifty Midcap 150 index.
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