Shares of MRF reached an all-time high of Rs 1,52,200.00 on the NSE. The stock is up over 0.6% from its previous close. The stock's performance places it among the gainers on the Nifty Midcap 150 index.
MRF Financial Performance
MRF's consolidated financial performance reveals the following trends:
Quarterly Results:
The company's revenue and net profit for the last five quarters are as follows:
Quarter
Revenue (Rs Crore)
Net Profit (Rs Crore)
EPS
Mar 2024
6,349.36
396.11
933.97
Jun 2024
7,196.45
571.02
1,346.38
Sep 2024
6,881.09
470.70
1,109.85
Dec 2024
7,000.82
315.46
743.80
Mar 2025
7,074.82
512.11
1,207.48
The revenue for the quarter-ending March 2025 stood at Rs 7,074.82 Crore, up from Rs 6,349.36 Crore in March 2024. The net profit for the quarter-ending March 2025 was Rs 512.11 Crore, compared to Rs 396.11 Crore in March 2024.
Annual Results:
The company's annual revenue and net profit for the last five years are as follows:
Year
Revenue (Rs Crore)
Net Profit (Rs Crore)
EPS
BVPS
ROE
Debt to Equity
2021
16,163.19
1,277.07
3,011.14
31,636.34
9.52
0.13
2022
19,316.72
669.24
1,577.97
33,094.10
4.76
0.20
2023
23,008.50
768.96
1,813.10
34,688.25
5.22
0.17
2024
25,169.21
2,081.23
4,907.24
39,394.25
12.46
0.12
2025
28,153.18
1,869.29
4,407.51
43,604.86
10.11
0.16
The revenue for the year-ending March 2025 increased to Rs 28,153.18 Crore from Rs 25,169.21 Crore in the previous year. Net profit stood at Rs 1,869.29 Crore for the year-ending March 2025, compared to Rs 2,081.23 Crore for the year-ending March 2024.
Annual Income Statement
Mar 2025
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Sales
28,153
25,169
23,008
19,316
16,163
Other Income
408
316
252
316
209
Total Income
28,561
25,486
23,261
19,633
16,373
Total Expenditure
25,722
22,345
21,872
18,471
14,361
EBIT
2,839
3,140
1,388
1,161
2,011
Interest
360
353
319
253
274
Tax
609
706
300
238
459
Net Profit
1,869
2,081
768
669
1,277
The annual sales for the year ending March 2025 were Rs 28,153 Crore, compared to Rs 25,169 Crore for the year ending March 2024.
Quarterly Income Statement
Mar 2025
Dec 2024
Sep 2024
Jun 2024
Mar 2024
Sales
7,074
7,000
6,881
7,196
6,349
Other Income
112
98
113
84
93
Total Income
7,187
7,098
6,994
7,280
6,443
Total Expenditure
6,428
6,581
6,279
6,432
5,822
EBIT
758
517
714
847
620
Interest
97
93
83
84
93
Tax
148
108
160
191
131
Net Profit
512
315
470
571
396
The quarterly sales for March 2025 were Rs 7,074 Crore compared to Rs 6,349 Crore for March 2024.
Cash Flow
Mar 2025
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Operating Activities
1,867
3,300
2,755
-578
4,324
Investing Activities
-2,082
-2,379
-1,923
165
-5,086
Financing Activities
282
-868
-839
423
-249
Others
0
1
1
1
0
Net Cash Flow
67
54
-5
11
-1,011
Balance Sheet
Mar 2025
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Share Capital
4
4
4
4
4
Reserves & Surplus
18,484
16,698
14,703
14,027
13,409
Current Liabilities
8,959
7,710
7,495
6,956
7,267
Other Liabilities
2,118
2,436
2,166
2,071
1,900
Total Liabilities
29,566
26,849
24,369
23,059
22,581
Fixed Assets
14,389
14,430
13,163
10,754
10,442
Current Assets
13,396
10,549
9,243
10,187
10,367
Other Assets
1,781
1,869
1,961
2,116
1,771
Total Assets
29,566
26,849
24,369
23,059
22,581
Contingent Liabilities
0
3,184
3,669
3,956
2,132
Financial Ratios
Ratio
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)
3.66
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/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
Corporate Actions
MRF has announced several corporate actions:
Annual Report: The company released its Annual Report for the financial year 2024-25, with the AGM scheduled for August 7, 2025.
Dividends: Recently, MRF has announced multiple interim and final dividends. A final dividend of Rs 194 per share was announced on May 3, 2024, with an effective date of July 25, 2024.
Bonus History: MRF has a history of issuing bonus shares, with bonus ratios of 1:2 on April 2, 1975, and 3:10 on April 2, 1970.
With the stock currently trading at Rs 151,525, MRF has demonstrated a strong market presence and financial performance.
