MRF Peer Comparison

NSE: MRF | BSE: 500290

₹1,22,095.00

₹-370.00 (-0.30%)

As on 09-Oct-2026 12:49IST

Market cap

₹51,948 Cr

Revenue (TTM)

₹31,889 Cr

P/E Ratio

21.5

P/B Ratio

2.4

Div. Yield

0.2 %

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	MRF	Balkrishna Ind	Apollo Tyres	Ceat	JK Tyre
Market cap (₹ Cr)	51,948	38,678	25,448	13,191	9,600
Revenue (₹ Cr)	31,889	11,518	29,308	16,467	16,404
Net Profit (₹ Cr)	2,415.07	1,405.57	1,707.82	566.60	662.07
Net Margin (%)	7.44	11.95	5.79	3.43	4.02
RoE (%)	12.19	13.14	22.40	13.29	13.50
Price to Earnings	21.51	27.52	14.90	22.37	14.74
Price-To-Book	2.42	3.39	1.49	2.62	1.57

Income Statement (₹ Cr)

	MRF	Balkrishna Ind	Apollo Tyres	Ceat	JK Tyre
Operating Revenue	31,888.87	11,518.33	29,307.63	16,466.59	16,403.95
Total Income	32,455.67	11,762.69	29,480.47	16,508.24	16,449.37
Total Expenditure	27,068.35	8,979.70	25,164.18	14,442.13	14,516.49
EBITDA	4,820.52	2,538.63	4,143.46	2,024.46	1,887.46
Depreciation	1,772.52	793.04	1,556.20	732.05	484.27
EBIT	3,048.00	1,745.59	2,587.26	1,292.41	1,403.19
Interest	356.12	139.60	382.38	422.57	412.86
Other Income	566.80	244.36	172.84	41.65	45.42
Exceptional Items	-63.24	0.00	-639.77	-74.94	-147.32
Profit before Tax	3,195.44	1,850.35	1,737.95	836.55	888.43
Provision for Tax	780.37	444.78	30.13	269.95	226.36
Profit after Tax	2,415.07	1,405.57	1,707.82	566.60	662.07

	MRF	Balkrishna Ind	Apollo Tyres	Ceat	JK Tyre
Shareholder's Funds	20,974.56	10,955.29	16,715.17	5,046.01	6,060.82
Minority Interest	0.00	0.00	0.00	0.65	-5.46
Non-Current Liabilities	1,972.49	1,722.05	4,440.80	2,435.00	4,508.94
Current Liabilities	9,006.27	5,089.00	8,083.75	6,413.21	5,426.76
Total Liabilities	31,953.51	17,766.34	29,033.73	13,912.66	15,913.64

	MRF	Balkrishna Ind	Apollo Tyres	Ceat	JK Tyre
Non-Current Assets	13,533.30	11,658.41	16,857.04	8,951.71	8,474.99
Current Assets	14,816.50	5,154.47	10,698.33	4,361.43	7,295.17
Total Assets	31,953.51	17,766.34	29,033.73	13,912.66	15,913.64
Total Debt*	2,365.95	4,105.56	2,631.71	3,010.79	4,746.00
Net Current Assets	5,810.23	65.47	2,614.58	-2,051.78	1,868.41
Contingent Liabilities	766.96	885.70	772.06	275.38	361.30

	MRF	Balkrishna Ind	Apollo Tyres	Ceat	JK Tyre
Cash From Operating Activities	4,590.30	2,249.32	3,667.37	1,785.55	1,443.84
Cash Flow from Investing Activities	-3,536.15	-2,522.98	-1,340.96	-2,270.60	-626.67
Cash from Financing Activities	-1,120.33	254.24	-2,177.08	476.64	-782.72
Net Cash Inflow / Outflow	-66.18	-19.42	149.33	-8.41	34.45

	MRF	Balkrishna Ind	Apollo Tyres	Ceat	JK Tyre
ROCE (%)	16.04	12.38	9.22	18.60	14.30
ROE (%)	12.19	13.14	22.40	13.29	13.50
ROA (%)	7.85	8.42	6.04	4.51	4.34
EBIT Margin (%)	9.56	15.15	8.83	7.85	8.55
Net Margin (%)	7.44	11.95	5.79	3.43	4.02
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

	MRF	Balkrishna Ind	Apollo Tyres	Ceat	JK Tyre
Revenue Growth (%)	11.37	9.78	11.23	21.49	9.93
EBIT Growth (%)	32.24	9.46	27.85	44.19	34.51
Net Profit Growth (%)	34.28	-3.28	105.39	36.64	44.28
EPS Growth (%)	36.93	-3.28	244.62	38.52	59.81
Book Value Growth (%)	12.71	5.47	13.10	15.41	21.71

	MRF	Balkrishna Ind	Apollo Tyres	Ceat	JK Tyre
Price / Earnings	21.08	27.44	7.07	20.44	12.29
Price / Book Value	2.42	3.38	1.50	2.59	1.56
Dividend Yield (%)	0.19	0.80	1.49	1.08	1.21
EV/EBITDA	10.17	16.26	6.54	7.92	7.39
Market Cap (₹ Cr)	54,448.47	40,255.36	26,167.33	13,114.65	10,991.10

	MRF	Balkrishna Ind	Apollo Tyres	Ceat	JK Tyre
Debt to Equity	0.01	0.08	0.09	0.30	0.42
Short term debt to equity ratio	0.09	0.25	0.05	0.21	0.30
Current Ratio	1.65	1.01	1.32	0.68	1.34
Quick Ratio	1.04	0.66	0.65	0.40	0.85
Interest Coverage	9.97	14.25	5.55	2.98	3.15

	MRF	Balkrishna Ind	Apollo Tyres	Ceat	JK Tyre
Debtors to sales (%)	11.11	12.56	10.89	11.17	19.57
Asset Turnover	1.04	0.69	1.04	1.31	1.08
Receivable days	39.74	49.50	40.08	40.65	67.54
Inventory Days	63.48	60.43	67.84	37.19	58.00
Payable days	46.82	58.17	71.56	118.85	73.34
Cash Conversion Cycle	56.40	51.75	36.36	-41.00	52.19

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.