MRF Complete Financial Statements
11 Years of Data
2026 - 2016
In FY2026, MRF (MRF) reported revenue ₹8,197 Cr, net profit ₹702 Cr and EPS ₹1655.80, with a net profit margin of 8.6% and ROE of 3.3%. Full financial statements from FY2016 to FY2026 (11 years) — income statement, balance sheet and cash flow in ₹ Crores. Download as Excel or CSV. Review MRF PE ratio trends to evaluate earnings-based valuation against sector peers.
Complete Financial Data Export
Profitability Ratios
Net Profit Margin
8.56%
2026 data
EBITDA Margin
17.79%
2026 data
Operating Margin
16.00%
2026 data
Return on Assets
2.20%
2026 data
Return on Equity
3.35%
2026 data
Balance Sheet Ratios
Current Ratio
7.51
2026 data
Equity Ratio
65.64%
2026 data
Asset Turnover
0.26
2026 data
MRF Revenue, Net Profit & EBITDA — Year-on-Year Growth
MRF YoY (Mar 2025 vs Mar 2026) — revenue +14.0%, net profit +37.4%, EBITDA +22.5%, expenses +12.3%. Explore MRF intrinsic price to estimate fundamental worth using multiple valuation models.
Revenue Growth
+14.0%
Year-over-Year
Net Profit Growth
+37.4%
Year-over-Year
EBITDA Growth
+22.5%
Year-over-Year
Expense Growth
+12.3%
Year-over-Year
Assets Growth
+8.1%
Year-over-Year
Equity Growth
+13.4%
Year-over-Year
Operating Cash Flow Growth
-43.4%
Year-over-Year
Investing Cash Flow Growth
+12.6%
Year-over-Year
Financing Cash Flow Growth
+132.5%
Year-over-Year
MRF Income Statement — Revenue, EBITDA & Net Profit
MRF revenue ₹8,197 Cr, EBITDA ₹1,458 Cr, net profit ₹702 Cr, EPS ₹1655.80 (2026) — net profit margin 8.6%. For live price, earnings ratios and company overview, see MRF share price screener.
Periods
₹ Crores
| Particulars | Mar 2026 | Sept 2025 | Mar 2025 | Jun 2025 | Dec 2025 | Sept 2024 | Mar 2024 | Jun 2024 | Dec 2024 | Sept 2023 | Mar 2023 | Jun 2023 | Dec 2023 | Sept 2022 | Mar 2022 | Jun 2022 | Dec 2022 | Sept 2021 | Mar 2021 | Jun 2021 | Dec 2021 | Sept 2020 | Mar 2020 | Jun 2020 | Dec 2020 | Sept 2019 | Mar 2019 | Jun 2019 | Dec 2019 | Sept 2018 | Jun 2018 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8,197 | 7,487 | 7,190 | 7,802 | 8,177 | 6,994 | 6,443 | 7,281 | 7,099 | 6,288 | 5,912 | 6,515 | 6,240 | 5,903 | 5,371 | 5,730 | 5,716 | 4,997 | 4,874 | 4,277 | 4,990 | 4,289 | 3,745 | 2,505 | 4,705 | 4,103 | 4,250 | 4,577 | 4,150 | 4,059 | 3,955 | 4,222 |
| Expenses | 6,740 | 6,253 | 6,000 | 6,605 | 6,728 | 5,870 | 5,437 | 6,037 | 6,166 | 5,060 | 4,988 | 5,310 | 5,108 | 5,346 | 4,765 | 5,203 | 5,083 | 4,387 | 4,050 | 3,688 | 4,427 | 3,378 | 3,102 | 2,129 | 3,665 | 3,451 | 3,554 | 3,859 | 3,454 | 3,381 | 3,298 | 3,524 |
| EBITDA | 1,458 | 1,234 | 1,190 | 1,198 | 1,449 | 1,125 | 1,006 | 1,244 | 933 | 1,228 | 923 | 1,205 | 1,132 | 558 | 606 | 528 | 633 | 610 | 824 | 588 | 563 | 911 | 643 | 376 | 1,041 | 652 | 695 | 718 | 696 | 678 | 657 | 697 |
| Operating Profit Margin % | 16.00% | 15.00% | 15.00% | 14.00% | 16.00% | 15.00% | 14.00% | 16.00% | 12.00% | 19.00% | 15.00% | 18.00% | 17.00% | 8.00% | 10.00% | 9.00% | 10.00% | 11.00% | 16.00% | 12.00% | 10.00% | 20.00% | 16.00% | 14.00% | 21.00% | 14.00% | 14.00% | 14.00% | 15.00% | 14.00% | 15.00% | 14.00% |
| Depreciation | 442 | 445 | 433 | 429 | 438 | 410 | 385 | 396 | 415 | 352 | 330 | 333 | 360 | 310 | 311 | 298 | 316 | 297 | 298 | 302 | 296 | 285 | 267 | 274 | 284 | 238 | 215 | 228 | 249 | 200 | 187 | 206 |
| Interest | 86 | 90 | 98 | 98 | 91 | 84 | 93 | 85 | 94 | 86 | 93 | 84 | 90 | 75 | 67 | 66 | 86 | 58 | 77 | 64 | 65 | 55 | 73 | 76 | 66 | 72 | 62 | 72 | 77 | 69 | 66 | 71 |
| Profit Before Tax | 930 | 699 | 659 | 671 | 920 | 631 | 527 | 763 | 424 | 791 | 501 | 787 | 682 | 174 | 228 | 164 | 231 | 255 | 449 | 222 | 202 | 572 | 304 | 26 | 690 | 342 | 419 | 418 | 370 | 409 | 404 | 421 |
| Tax | 228 | 173 | 149 | 170 | 226 | 161 | 131 | 192 | 109 | 204 | 161 | 198 | 173 | 44 | 63 | 40 | 56 | 66 | 117 | 57 | 53 | 161 | -375 | 13 | 170 | 113 | 125 | 145 | 129 | 131 | 136 | 130 |
| Net Profit | 702 | 526 | 511 | 501 | 695 | 471 | 396 | 571 | 316 | 587 | 341 | 589 | 510 | 130 | 165 | 124 | 175 | 189 | 332 | 166 | 149 | 411 | 679 | 14 | 521 | 229 | 294 | 273 | 241 | 278 | 268 | 291 |
| Earnings Per Share (₹) | 1655.80 | 1239.38 | 1207.48 | 1180.04 | 1631.23 | 1109.85 | 933.97 | 1346.38 | 743.80 | 1383.26 | 803.26 | 1388.19 | 1201.81 | 306.19 | 389.55 | 291.44 | 412.21 | 445.77 | 783.16 | 390.41 | 352.24 | 968.89 | 1601.03 | 31.73 | 1227.36 | 539.85 | 693.05 | 644.33 | 569.00 | 656.17 | 630.87 | 685.73 |
MRF Balance Sheet — Assets, Liabilities & Shareholders' Equity
MRF total assets ₹31,954 Cr, total equity ₹20,975 Cr, total liabilities ₹ Cr (2026) — ROE 3.3%.
Years
Annual Data
₹ Crores
| Particulars | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Total Assets | 31,954 | 29,567 | 26,849 | 24,369 | 23,060 | 22,582 | 19,442 | 18,441 | 16,479 | 15,049 | 13,254 |
| Current Assets | 14,817 | 13,396 | 10,550 | 9,241 | 10,264 | 10,363 | 8,151 | 8,464 | 7,875 | 7,314 | 6,319 |
| Fixed Assets | 14,000 | 13,221 | 12,046 | 10,118 | 9,522 | 9,441 | 8,870 | 6,786 | 6,092 | 5,502 | 4,608 |
| Capital Work in Progress | 1,034 | 1,169 | 2,385 | 3,046 | 1,233 | 1,002 | 1,741 | 1,404 | 1,079 | 848 | 1,059 |
| Investments | 5,417 | 4,548 | 3,383 | 3,085 | 3,657 | 5,874 | 1,519 | 3,855 | 4,145 | 3,382 | 3,138 |
| Other Assets | 0 | 10,629 | 9,036 | 8,121 | 8,648 | 6,265 | 7,312 | 6,397 | 5,162 | 5,316 | 4,448 |
| LIABILITIES | |||||||||||
| Total Liabilities | |||||||||||
| Current Liabilities | 1,973 | 2,119 | 2,436 | 2,166 | 2,071 | 1,900 | 1,975 | 2,139 | 2,150 | 1,906 | 2,001 |
| Non-Current Liabilities | |||||||||||
| SHAREHOLDERS' EQUITY | |||||||||||
| Total Equity | 20,975 | 18,489 | 16,703 | 14,708 | 14,032 | 13,414 | 12,215 | 10,838 | 9,738 | 8,641 | 7,225 |
| Share Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves & Surplus | 20,970 | 18,484 | 16,699 | 14,703 | 14,028 | 13,409 | 12,211 | 10,833 | 9,734 | 8,637 | 7,220 |
MRF Cash Flow Statement — Operating, Investing & Financing
MRF operating cash flow ₹1,868 Cr, investing ₹-2,082 Cr, financing ₹282 Cr, net cash flow ₹68 Cr (2025).
Periods
₹ Crores
| Particulars | March 2025 | March 2024 | March 2023 | March 2022 | March 2021 | March 2020 | March 2019 | March 2018 | March 2017 | March 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | 1,868 | 3,303 | 2,756 | -578 | 4,325 | 2,271 | 1,253 | 2,413 | 1,956 | 3,044 |
| Investing Activities | -2,082 | -2,381 | -1,922 | 169 | -5,087 | -162 | -1,386 | -2,014 | -1,393 | -3,408 |
| Financing Activities | 282 | -868 | -840 | 424 | -250 | -1,032 | 42 | -453 | -438 | 212 |
| Net Cash Flow | 68 | 55 | -6 | 15 | -1,012 | 1,077 | -91 | -54 | 125 | -152 |