MRF Ltd

About MRF Share Price Today

MRF Ltd is the world's largest manufacturer of tyres. It also has the production of a variety of other products which includes toys, sports goods, paints, and coats. The company has a significant presence in both the domestic and international markets which makes it India's largest Original Equipment Manufacturer (OEM) of tyres. You can check MRF Ltd share price on NSE & BSE with BlinkX. 

History of MRF Ltd

• MRF Ltd was founded in 1946 by Mr. K. M. Mammen Mappillai as a small toy manufacturing unit.
• On November 5, 1960, it transitioned to a public limited company and began producing automotive tyres and tubes.
• By 1967, MRF became the first Indian company to export tyres to the USA.
• In 1980, a technical collaboration with the B. F. Goodrich Tyre Company in the USA improved the product development and quality of the MRF tyres.
• Over the years, MRF introduced innovations like Nylogrip tyres for two-wheelers and the premium nylon car tyre, Legend.
• The company diversified by launching Funskool India in 1989 in partnership with Hasbro International USA and teaming up with Maruti Udyog in 2004 to boost motorsports in India.
• The current MRF Industries share price reflects its market performance and investor sentiment in the stock market.

Business Segments of MRF Ltd

• MRF primarily focuses on making tyres but also produces a variety of other products which include sports goods, paints, coats, puzzles, games, and toys.
• The company manufactures tyres for a wide range of vehicles which includes passenger cars, motorcycles, three-wheelers, trucks, farm tractors, light commercial vehicles, and fighter jets.
• MRF is specifically renowned for the development of specialised tyres for racing cars, rally cars, motocross bikes, and go-karts.
• In addition to tyre production, MRF tyres also produce sports equipment and offers products which include different sports and activities.
• The company produces high-quality paints and coatings used for various applications which provide durability and protection.
• Their retreads are used for retreading worn-out tyres by extending their life and improving performance. You can stay up to date with MRF share price for more insights.

Business Subsidiaries of MRF Ltd

1. MRF Corp. Ltd - Provides speciality coatings for better surface finishing and protection against weathering, corrosion, and abrasion.
2. MRF SG PTE Ltd - Maintains MRF’s operations in Singapore.
3. MRF Lanka (P) Ltd - Focuses on manufacturing pre-cured tread rubber to meet global demands.
4. MRF International Ltd - Manages international operations and expansions.

Financial Performance of MRF Ltd

• Between FY 2021 and FY 2023, MRF Ltd significantly increased its sales revenue from ₹16,162 crore to ₹23,008 crore. However, during the same period, the company's net profit decreased from ₹1,277 crore to ₹769 crore.
• In FY 2023-24, MRF Ltd reported a consolidated revenue from operations of ₹25,169.21 crore, marking a 9.4% increase over the previous year. The net profit surged to ₹2,081.23 crore, reflecting a 170.7% rise from FY23.
• The company's financial health improved, with the interest coverage ratio rising to 17.24x from 10.20x in FY23, and the current ratio increasing to 1.37 from 1.23.
• As of April 15, 2025, MRF Ltd's share price is ₹1,28,399.

Corporate Actions of MRF Ltd

MRF Ltd is well-known for not splitting its stock and also not issuing any bonus shares, buybacks, or rights shares to investors in the recent past.

Key Personnel of MRF Ltd

• Rahul Mammen - Managing Director: Mr. Mammen studied Economics at St. Stephens College and earned his MBA from the University of Michigan's Ross School of Business. He has been the Managing Director of the company since 2018, and previously served as a whole-time director since 2003, focusing on financing and corporate planning.