---
title: "MRF Ltd (MRF) — Share Price, Financials & Analysis"
symbol: "MRF"
company: "MRF Ltd"
canonical: "https://tapetide.com/stocks/MRF"
isin: "INE883A01011"
nse_symbol: "MRF"
bse_code: "500290"
sector: "Automobiles"
industry: "Tyres"
market_cap_cr: 53977.03
generated_at: "2026-09-13T19:36:22.040Z"
---

# MRF Ltd (MRF)

Canonical page: https://tapetide.com/stocks/MRF

## Company

- **NSE Symbol:** MRF
- **BSE Code:** 500290
- **ISIN:** INE883A01011
- **Sector:** Automobiles
- **Industry:** Tyres
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 1996-09-18
- **CEO:** Mr. K. M. Vinoo Mammen B.A.
- **Employees:** 17850
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mrftyres.com

## About

Madras Rubber Factory Limited (MRF) is the parent company of the MRF Group. The Co is engaged in the business of manufacturing tyres[1]

## Latest Price

- **Price:** ₹128290
- **Change:** +20 (+0.02%)
- **Open:** ₹128105
- **Day High:** ₹128765
- **Day Low:** ₹127015
- **Previous Close:** ₹128270
- **Volume:** 2143
- **As Of:** 2026-09-11T09:59:54+00:00

## Key Fundamentals

Observed at 2026-09-11T04:31:54.913746Z.

- **Market Cap:** ₹53977.03 Cr
- **Classification:** Midcap
- **P/E (reported):** 22.5
- **P/E (TTM):** 22.5
- **EPS (TTM):** ₹5700.98
- **EPS (reported):** ₹4866.72
- **Book Value:** ₹49454.97
- **Price to Book:** 2.59
- **Dividend Yield:** 0.18%
- **ROE:** 11.57%
- **ROCE:** 15.64%
- **Debt to Equity:** 0.15
- **Revenue (yearly):** ₹31653.6 Cr
- **Net Income:** ₹2426.1 Cr
- **EBITDA:** ₹5405.2 Cr
- **52-Week High:** ₹163600
- **52-Week Low:** ₹122000
- **RSI (14):** 36.99

## Tapetide Score

- **Score:** 53 / 100
- **Score date:** 2026-09-04
- **Archetype:** No Dominant Pattern
- **What it means:** The three pillars do not combine into a recognisable pattern. Read them individually rather than looking for one story — the lack of a pattern is itself the finding.
- **Pillar profile:** Quality: Average · Valuation: Cheap · Momentum: Falling
- **Percentile:** 61 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 45.63 | 9% |
| growth | 34.7 | 9% |
| momentum | 25.8 | 12% |
| ownership | 40.86 | 24% |
| quality | 57.26 | 22% |
| valuation | 81.48 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Company has a low return on equity of 12.1% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 146.16% | 38.96% | 894.13% |
| ebitda margin growth | -18.67% | 8.51% | -4.74% | 41.74% |
| net income growth | -29.46% | 29.51% | 52% | 14% |
| revenue growth | 5.04% | 10.79% | 11% | 14% |
| roce | -27.36% | 13.99% | -4.69% | 12.24% |
| roe | -29.46% | 14.9% | 11.37% | 142.56% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 6217 | 6162 | 6349 | 7196 | 6881 | 7001 | 7075 | 7676 | 7379 | 8050 | 8044 | 8416 |
| Expenses | 5060 | 5108 | 5437 | 6037 | 5870 | 6166 | 6000 | 6605 | 6253 | 6651 | 6739 | 7425 |
| Operating Profit | 1157 | 1055 | 912 | 1160 | 1011 | 835 | 1074 | 1070 | 1126 | 1400 | 1305 | 991 |
| OPM % | 19 | 17 | 14 | 16 | 15 | 12 | 15 | 14 | 15 | 17 | 16 | 12 |
| Other Income | 71 | 78 | 94 | 84 | 113 | 98 | 115 | 129 | 108 | 50 | 153 | 195 |
| Interest | 86 | 90 | 93 | 85 | 84 | 94 | 98 | 98 | 90 | 91 | 86 | 88 |
| Depreciation | 351 | 360 | 385 | 396 | 410 | 415 | 433 | 429 | 445 | 438 | 442 | 448 |
| Profit before tax | 791 | 682 | 527 | 763 | 631 | 424 | 659 | 672 | 699 | 920 | 930 | 650 |
| Tax % | 26 | 25 | 25 | 25 | 25 | 26 | 23 | 25 | 25 | 25 | 24 | 24 |
| Net Profit | 587 | 510 | 396 | 571 | 471 | 315 | 510 | 502 | 526 | 695 | 702 | 495 |
| EPS in Rs | 1383.27 | 1201.83 | 933.96 | 1346.4 | 1109.85 | 743.79 | 1203.7 | 1183.23 | 1239.4 | 1637.78 | 1655.82 | 1167.98 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 14954 | 16062 | 16237 | 16162 | 19317 | 23008 | 25169 | 28152 | 31149 | 31889 |
| Expenses | 12665 | 13744 | 13855 | 13208 | 17256 | 20604 | 20896 | 24062 | 26238 | 27068 |
| Operating Profit | 2288 | 2317 | 2382 | 2954 | 2061 | 2404 | 4272 | 4090 | 4910 | 4821 |
| OPM % | 15 | 14 | 15 | 18 | 11 | 10 | 17 | 15 | 16 | 15 |
| Other Income | 330 | 416 | 335 | 205 | 315 | 245 | 306 | 414 | 440 | 506 |
| Interest | 259 | 273 | 301 | 282 | 263 | 326 | 361 | 368 | 374 | 356 |
| Depreciation | 707 | 808 | 982 | 1141 | 1205 | 1253 | 1430 | 1654 | 1754 | 1773 |
| Profit before tax | 1653 | 1652 | 1434 | 1737 | 908 | 1070 | 2787 | 2483 | 3222 | 3198 |
| Tax % | 32 | 32 | 1 | 26 | 26 | 28 | 25 | 25 | 25 | — |
| Net Profit | 1132 | 1131 | 1423 | 1277 | 669 | 769 | 2081 | 1873 | 2426 | 2418 |
| EPS in Rs | 2668.2 | 2665.82 | 3354.22 | 3011.15 | 1577.96 | 1813.04 | 4907.26 | 4416.97 | 5720.43 | 5700.98 |
| Dividend Payout % | 2 | 2 | 3 | 5 | 10 | 10 | 4 | 5 | 4 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | 8637 | 9734 | 10833 | 12210 | 13409 | 14028 | 14703 | 16699 | 18606 | 20970 |
| Borrowings | 2333 | 2163 | 2506 | 1854 | 2388 | 3229 | 3014 | 2822 | 3771 | 3207 |
| Other Liabilities | 4075 | 4577 | 5098 | 5373 | 6780 | 5799 | 6648 | 7325 | 7308 | 7772 |
| Total Liabilities | 15048 | 16478 | 18441 | 19442 | 22582 | 23060 | 24369 | 26849 | 29689 | 31954 |
| Fixed Assets | 5502 | 6092 | 6786 | 8870 | 9441 | 9522 | 10118 | 12046 | 13223 | 12966 |
| CWIP | 848 | 1079 | 1403 | 1741 | 1002 | 1233 | 3046 | 2385 | 1169 | 1034 |
| Investments | 3382 | 4145 | 3855 | 1519 | 5874 | 3656 | 3085 | 3383 | 4548 | 3398 |
| Other Assets | 5316 | 5162 | 6397 | 7312 | 6265 | 8648 | 8120 | 9036 | 10750 | 14555 |
| Total Assets | 15048 | 16478 | 18441 | 19442 | 22582 | 23060 | 24369 | 26849 | 29689 | 31954 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1956 | 2413 | 1253 | 2271 | 4325 | -578 | 2755 | 3303 | 1865 | 4590 |
| Cash from Investing Activity | -1393 | -2014 | -1386 | -162 | -5087 | 166 | -1922 | -2381 | -2077 | -3539 |
| Cash from Financing Activity | -438 | -453 | 42 | -1032 | -250 | 424 | -840 | -868 | 282 | -1120 |
| Net Cash Flow | 125 | -53 | -91 | 1077 | -1012 | 12 | -6 | 55 | 70 | -69 |
| Free Cash Flow | 590 | 849 | -710 | -479 | 3473 | -2283 | -535 | 1141 | 569 | 3164 |
| CFO/OP | 89 | 126 | 72 | 114 | 164 | -18 | 128 | 94 | 60 | 107 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 54 | 52 | 54 | 52 | 48 | 44 | 40 | 42 | 44 | 42 |
| Inventory Days | 118 | 88 | 113 | 110 | 115 | 120 | 98 | 108 | 115 | 101 |
| Days Payable | 69 | 63 | 64 | 72 | 129 | 60 | 58 | 64 | 57 | 60 |
| Cash Conversion Cycle | 103 | 78 | 102 | 90 | 34 | 104 | 80 | 86 | 101 | 83 |
| Working Capital Days | 4 | -1 | 2 | 5 | -41 | 10 | -8 | 3 | 8 | 7 |
| ROCE % | 23 | 17 | 15 | 13 | 14 | 7 | 7 | 17 | 14 | 16 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 27.75% | 27.75% | 27.78% | 27.78% | 27.77% | 27.8% | 27.78% | 27.78% | 27.75% | 27.73% | 27.77% | 27.77% |
| FIIs | 19.59% | 19.41% | 19.74% | 19.08% | 18.68% | 18.19% | 17.54% | 18.67% | 18.27% | 18.17% | 17.98% | 17.42% |
| DIIs | 11.19% | 11.3% | 10.57% | 10.74% | 11.68% | 12% | 12.22% | 11.67% | 12.38% | 12.51% | 12.25% | 12.1% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 12.15% | 12.06% | 12.35% | 12.84% | 12.37% | 12.51% | 12.93% | 12.29% | 12.07% | 12.11% | 12.52% | 13.22% |
| Others | 29.32% | 29.48% | 29.57% | 29.57% | 29.51% | 29.5% | 29.53% | 29.6% | 29.54% | 29.48% | 29.47% | 29.49% |
| No. of Shareholders | 37504 | 37584 | 47663 | 57325 | 48576 | 52964 | 61320 | 50253 | 48074 | 49218 | 58110 | 68876 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 130042.5 | Sell |
| EMA (10) | 129676.97 | Sell |
| SMA (20) | 131655 | Sell |
| EMA (20) | 130814.09 | Sell |
| SMA (50) | 132469.8 | Sell |
| EMA (50) | 131481.93 | Sell |
| SMA (100) | 130313.95 | Sell |
| EMA (100) | 132337.62 | Sell |
| SMA (200) | 136654.5 | Sell |
| EMA (200) | 134008.5 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 37.1 | Neutral |
| MACD (12,26,9) | -1149.6 | Sell |
| Stochastic (14,3,3) | 10.87 | Buy |
| ADX (14) | 13.98 | Neutral |
| Williams %R (14) | -85.49 | Buy |
| ATR (14) | 1968.32 | Neutral |
| ROC (12) | -3.92 | Sell |
| Stoch RSI (14) | 1.87 | Buy |
| UO (7,14,28) | 33.94 | Neutral |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 5 | 45.45% |
| Hold | 2 | 18.18% |
| Sell | 4 | 36.36% |

Based on 11 analyst ratings, observed at 2026-09-11T04:56:35.234048+00:00.

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-17 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2b0e333a-f098-4d27-b85f-215344348056.pdf) |
| 2026-08-11 | [Appointment Of Senior Management Personnel Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9971a4a5-c159-4dec-9b59-4522603e8bd5.pdf) |
| 2026-08-11 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=070265c9-abaf-4ad8-95e0-e45cd7dd1f2b.pdf) |
| 2026-08-07 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5ed695b2-583a-4160-8edf-ba2889f5512c.pdf) |
| 2026-08-06 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b9c84aa3-0508-478c-a5c1-45a19c3c08b9.pdf) |
| 2026-07-30 | [Board Meeting Intimation for Declaration Of Unaudited Financial Results For The Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=27debb81-c5da-4036-a577-25e317645e58.pdf) |
| 2026-07-15 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c7ad2111-7e31-4dbb-9d46-04a886d60b3c.pdf) |
| 2026-07-15 | [Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5d35518d-568e-4678-9905-4dc9f001e88b.pdf) |
| 2026-07-14 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=38efc5e4-44e5-475a-8dcf-f426cc3ade0d.pdf) |
| 2026-07-14 | [Business Responsibility and Sustainability Reporting (BRSR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=17dfdadc-44e5-4636-b31f-c76aa41ccbc2.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-11 | [Unaudited Financial Results For The Quarter Ended 30Th June2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3d0fe4e4-1353-4f8f-9601-98c24ed2b34d.pdf) |
| 2026-05-07 | [Audited Financial Results For The Year Ended 31St March2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=580564fd-f78b-4723-ace6-25c47de7d1da.pdf) |
| 2026-02-06 | [Unaudited Financial Results For The Quarter And Nine Months Ended 31St December2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1d07a334-b42a-42ba-afeb-a7ec60f8d4d0.pdf) |
| 2025-11-14 | [Unaudited Financial Results And Limited Review Report For The Quarter And Half Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f4a65d04-c2b3-448a-884d-71de1de812eb.pdf) |
| 2025-08-12 | [Unaudited Financial Results For The Quarter Ended 30Th June2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=780e94c6-b93c-4d20-a797-1d5de980812f.pdf) |
| 2025-05-07 | [Audited Results For The Year Ended 31.3.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a936eb75-39ba-41d1-985b-1f5177ed5180.pdf) |
| 2025-02-06 | [Unaudited Financial Results For The Quarter And Nine Months Ended 31.12.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fd253416-9699-414e-8a1c-11068702e799.pdf) |
| 2024-11-08 | [Unaudited Financial Results And Limited Review Report For The Quarter And Half Year Ended 30Th September 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=285e1cd5-32f1-4154-8797-daadd2784e8a.pdf) |
| 2024-08-08 | [Unaudited Financial Results For The Quarter Ended 30.06.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e5319cf6-3f38-41bc-9082-555b64d9d5db.pdf) |
| 2024-05-03 | [Audited Financial Results (Standalone And Consolidated) For The Year Ended 31St March,2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6c5725cd-0cf1-4a2a-a855-a69329666ef8.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Apr - MRF filed Regulation 74(5) certificate for quarter ended 31-03-2026, detailing dematerialized and rematerialized shares. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Apr - MRF filed Regulation 74(5) certificate for quarter ended 31-03-2026, detailing dematerialized and rematerialized shares.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c9d81087-62b0-4232-bea7-067e1c3e3073.pdf) |
| 8 Apr - MRF published notice on special window for transfer and dematerialisation of physical securities, open until 4 February 2027. | [Newspaper Advertisement 8 Apr - MRF published notice on special window for transfer and dematerialisation of physical securities, open until 4 February 2027.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/89633a5e-ab9d-45ed-8f2e-886f876ceacb.pdf) |
| 7 May - MRF reported FY26 net profit of Rs 2,426 crore, sales above Rs 30,000 crore, and Rs 235 dividend. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 7 May - MRF reported FY26 net profit of Rs 2,426 crore, sales above Rs 30,000 crore, and Rs 235 dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/46f5b310-e96c-4a34-b1b2-f2279afd81cf.pdf) |
| 7 May - MRF approved FY26 audited results, recommended Rs229 final dividend, and named new company secretary on 7 May 2026. | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 7 May - MRF approved FY26 audited results, recommended Rs229 final dividend, and named new company secretary on 7 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/0c9cc8f4-f922-472b-b200-5686d3acfc4b.pdf) |
| 7 May - MRF approved FY26 audited results, recommended Rs229 final dividend, and changed Company Secretary on 7 May 2026. | [Appointment of Company Secretary and Compliance Officer 7 May - MRF approved FY26 audited results, recommended Rs229 final dividend, and changed Company Secretary on 7 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/287022f6-a997-4d6b-9308-6478c2b6b434.pdf) |
| 7 May - MRF approved FY26 audited results, recommended Rs229 final dividend, accepted CS resignation, appointed new CS. | [Announcement under Regulation 30 (LODR)-Cessation 7 May - MRF approved FY26 audited results, recommended Rs229 final dividend, accepted CS resignation, appointed new CS.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/60f1144e-8523-4209-b896-2b9ea8607734.pdf) |
| 4 Mar - Non-binding MoU with Tamil Nadu for Rs.5,300 Crore greenfield tyre plant at Sivaganga over 12 years, ~1000 jobs. | [Execution Of Non-Binding Facilitation Memorandum Of Understanding With The Government Of Tamil Nadu 4 Mar - Non-binding MoU with Tamil Nadu for Rs.5,300 Crore greenfield tyre plant at Sivaganga over 12 years, ~1000 jobs.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/44162444-14ad-4910-9728-6b312ee77ba2.pdf) |
| 30 Mar - Postal ballot passed on 28 Mar 2026 revising remuneration terms for five directors including Chairman K M Mammen. | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 30 Mar - Postal ballot passed on 28 Mar 2026 revising remuneration terms for five directors including Chairman K M Mammen.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/84a3046a-45d0-4fcf-a403-696f18d590b8.pdf) |
| 30 Apr - Board meets on 7 May 2026 to approve FY26 audited results and consider final dividend. | [Board Meeting Intimation for Consider And Approve The Audited Financial Results (Standalone And Consolidated) Of The Company For The Year Ended 31St March, 2026 And Declaration Of Final Dividend If Any 30 Apr - Board meets on 7 May 2026 to approve FY26 audited results and consider final dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a0e55f70-0ebb-4cac-83bc-158ab3b81fb3.pdf) |
| 27 Feb - MRF dispatched postal ballot (notice Feb 6); e-voting Feb 27–Mar 26, 2026; results by Mar 30. | [Newspaper Advertisement - Notice Of Postal Ballot 27 Feb - MRF dispatched postal ballot (notice Feb 6); e-voting Feb 27–Mar 26, 2026; results by Mar 30.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9dc1e275-f98c-4432-a39b-14031fc4c6d2.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_MRF_2010_2011_29032012102535.zip) |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/38efc5e4-44e5-475a-8dcf-f426cc3ade0d.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7b4139fc-c3bb-48da-852f-3b20ee03260c.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4ad6950f-0cd6-4be9-9cd2-c32769a0da02.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8cfa5007-26b2-40f3-aa14-6e4d908abc63.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/500290/73600500290.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/500290/69039500290.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/500290/65323500290.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/500290/5002900319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/500290/5002900318.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:36:22.040Z.