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MRF Limited MRF.NS

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

MRF Limited statistics & valuation

Market cap₹566.5B
P / E23.3×
P / S1.8×
P / B2.7×
P / FCF17.9×
Net margin7.8%
FCF margin10.2%
Net debt₹29.0B
Enterprise value USD$6.3B
Earnings yield EBIT/EV5.4%
Return on capital14%
Graham number -40.2%₹79,782.61

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 (₹79,782.61); 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% 34.10% 34.80% 2023202420252026
Operating margin (%)
5.30% 11.60% 9.00% 10.40% 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 ₹33.97B ₹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% 10.20% 2023202420252026
Debt / equity (×)
0.20× 0.17× 0.20× 0.15× 2023202420252026
EPS (₹)
₹1813.04 ₹4907.24 ₹4416.92 ₹5720.37 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 23.3× 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 23.3×.

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 margin34.8%34.1%37.8%30.6%
Operating margin10.4%9.0%11.6%5.3%
Net margin7.8%6.7%8.3%3.4%
FCF margin10.2%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 ratio1.651.511.371.23

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