Stocktoria

MRF Limited MRF.NS

IN · National Stock Exchange of India · XNSE · stock · Consumer Cyclical · website

MRF Limited statistics & valuation

Market cap₹571.1B
P / E23.5×
P / S1.8×
P / B2.7×
P / FCF18.1×
Net margin7.8%
FCF margin10.1%
Net debt₹29.0B
Enterprise value USD$6.3B
Earnings yield EBIT/EV5.2%
Return on capital13.7%
Graham number -40.8%₹79,782.76

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹79,782.76); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
3.40% 8.30% 6.70% 7.80% 2023202420252026
Gross margin (%)
30.60% 37.80% 36.30% 37.30% 2023202420252026
Operating margin (%)
5.30% 11.60% 8.60% 10.10% 2023202420252026
Return on equity (%)
5.20% 12.50% 10.10% 11.60% 2023202420252026
Shares outstanding
4.2M 4.2M 4.2M 4.2M 2023202420252026
Net debt (₹)
₹27.65B ₹25.18B ₹34.01B ₹29.02B 2023202420252026
Share buybacks (₹)
2023202420252026
Return on assets (%)
3.20% 7.80% 6.30% 7.60% 2023202420252026
Free cash flow margin (%)
-2.30% 4.60% 2.00% 10.10% 2023202420252026
Debt / equity (×)
0.20× 0.17× 0.20× 0.15× 2023202420252026
EPS (₹)
₹1813.04 ₹4907.24 ₹4416.94 ₹5720.39 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

MRF Limited trades at about 23.5× earnings — below its 10-year norm (10-year range 22.7×–49.1×, median 30.5×).

22.7× 49.1×

Shaded band = 10-year range (22.7×–49.1×); dot = today's 23.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin37.3%36.3%37.8%30.6%
Operating margin10.1%8.6%11.6%5.3%
Net margin7.8%6.7%8.3%3.4%
FCF margin10.1%2.0%4.6%-2.3%
Return on assets7.6%6.3%7.8%3.2%
Return on equity11.6%10.1%12.5%5.2%
Debt / equity0.01×0.02×0.04×0.06×
Current ratio1.651.501.371.23

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.