# MRF (MRF) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/mrf

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,25,300
- Change: -0.49%
- As of: 2026-11-06
- 1D return: -0.49%
- 5D return: +7.30%
- 1M return: +2.31%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

MRF (₹125,300) exhibits a sharp intraday reversal on 2026-11-06, closing down 0.5% after an extreme +6.7% daily surge the prior session marked by high participation (volume ratio 5.78). The stock is positioned near the upper end of its 20-day range (+89.5%) but remains significantly below its 252-day high (-22.8%). Daily trend strength is strong (ADX 46.85), with price holding above key short-term averages and the Supertrend. However, this bullish daily structure conflicts with a bearish weekly setup (Supertrend bearish, price below all major moving averages) and weak monthly momentum (ADX 15.04). A downward gap anomaly on the weekly timeframe adds to the structural tension. While the immediate daily momentum is positive, the broader multi-timeframe alignment suggests caution as the stock tests resistance at ₹128,391.67.

- Trend Conflict: Daily indicators are bullish (price above EMA/SMA 20/50, Supertrend up; ADX 46.85), but the weekly trend remains bearish (price below all MAs, Supertrend down) and monthly momentum is weak (ADX 15.04).
- Price Action & Anomalies: After an extreme +6.7% gain on 2026-11-05 with high volume, the stock closed at ₹125,300 on 2026-11-06, down 0.5%. A weekly downward gap anomaly (z-score 4.38) signals underlying volatility.
- Key Levels: Immediate support lies at ₹125,232.66 (0.05% below) and ₹124,018.33 (pivot). Resistance is located at ₹128,391.67 (2.47% above) and ₹130,863.33 (4.44% above).
- Risk Context: The stock trades 22.8% below its available high with an annualized volatility of 23.3%. It is currently in a -22.8% drawdown from peak levels.

- Morning Star
- Doji
- Harami
- Inside Bar

### Official Filings

MRF Limited has disclosed a significant reduction in a long-standing tax liability, which materially improves the company's financial position by lowering contingent obligations. The Deputy Commissioner State Tax, Pala, Kerala, issued a rectification order on September 30, 2026, reducing the Central Sales Tax (CST) demand for the financial year 2014-15 from Rs. 91.53 crores to Rs. 36.19 crores. This dispute, originally disclosed in March 2021, relates to export clearances and declaration forms. MRF is currently examining the order to determine whether to challenge the reduced amount.

In governance developments, the Board appointed Mr. Prasanth Puliakottu as Senior General Manager - ITS and Mr. Santhosh Mathew as Senior General Manager - HRS on August 11, 2026, effective immediately. Additionally, the company has intimated that its Board will meet on November 10, 2026, to consider and approve the Quarterly Unaudited Financial Results for the period ended September 2026 and any dividend declaration. Other filings regarding trading window closures and dematerialization compliance are routine administrative notices.

- Tax Liability Reduction: CST demand for FY 2014-15 reduced from Rs. 91.53 crores to Rs. 36.19 crores via an order dated September 30, 2026; company is evaluating whether to challenge this reduced amount.
- Board Meeting Scheduled: Board meeting set for November 10, 2026, to approve Q2 FY2027 results (period ended September 2026) and consider dividends.
- Key Management Appointments: Mr. Prasanth Puliakottu appointed as Senior General Manager - ITS and Mr. Santhosh Mathew as Senior General Manager - HRS on August 11, 2026.

- [MRF LIMITED has informed the Exchange about Board Meeting to be held on 10-Nov-2026 to consider and approve the Quarterly Unaudited Financial results of the Company for the period ended September 2026 and Dividend. |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1310_WebXMLFile_20261102_164707654.xml)
- [Board Meeting Intimation |Meeting Date: 10-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1310_WebXMLFile_20261102_164707654.xml)
- [MRF Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MRF_16102026161459_Specialwindow.pdf)
- [MRF Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/MRF_07102026141434_Regulation74.pdf)
- [MRF Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company |SUBJECT: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company](https://nsearchives.nseindia.com/corporate/MRF_07102026182247_STOCKEXCHANGE071026.pdf)
- [MRF Limited has informed the Exchange about Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B) |SUBJECT: Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_1310_WebXMLFile_20261007_182711105.xml)
- [MRF Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/MRF_29092026093140_Tradingwindowclosure.pdf)
- [MRF LIMITED has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_1310_WebXMLFile_20260929_092647465.xml)
- [MRF Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MRF_17082026171020_ADV.pdf)
- [MRF LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1310_WebXMLFile_20260811_154430422.xml)

### Fundamentals

MRF’s Q1 FY2026-27 results reveal a decoupling of top-line growth from bottom-line profitability. Revenue rose sequentially to ₹8,415.50 crore, continuing the YoY expansion trend seen in recent quarters (₹7,379 crore in Sep 2025). However, Net Profit fell sharply to ₹495.35 crore from ₹702.25 crore in Q4 FY2025-26, driven by a significant rise in Other Expenses to ₹1,325.50 crore and a drop in Profit Before Tax to ₹649.69 crore. Despite this quarterly margin compression, earnings quality remains robust: Cash from Operating Activity surged to ₹4,590 crore in Mar 2026, with CFO/EBITDA conversion improving to 107%. The balance sheet is strengthening, evidenced by reduced Borrowings (₹3,207 crore) and an improved ROCE of 16% in Mar 2026. Shareholding shows DIIs increasing their stake to 12.7%, while Promoters hold 27.61%.

- Revenue Growth vs. Margin Pressure: Sales grew to ₹8,415.50 crore in Q1 FY2026-27, but Net Profit declined 29.5% sequentially to ₹495.35 crore as Other Expenses rose to ₹1,325.50 crore.
- Strong Cash Generation: Cash from Operating Activity jumped to ₹4,590 crore in Mar 2026, with cash conversion efficiency reaching 107% of operating profit.
- Balance Sheet Health: Borrowings decreased to ₹3,207 crore (from ₹3,771 crore in Mar 2025), and ROCE improved to 16% in Mar 2026.
- Ownership Shift: Domestic Institutional Investors (DIIs) increased their holding to 12.7% in Sep 2026, while Foreign Institutional Investors (FIIs) reduced theirs to 17.1%.

### Bear Case

MRF faces significant near-term technical headwinds and prolonged underperformance. While the daily trend remains bullish, the weekly trend has turned bearish, with the Supertrend indicating a shift in momentum. The stock is trading at ₹125,300, down 0.5% on the day, but sits within a broader downtrend characterized by a -20.3% return over the past year and a -17.3% year-to-date decline. Volatility remains elevated, with an annualized volatility of +23.3% and a current drawdown of -22.8%, nearing its maximum historical drawdown of -28.0%. Immediate support is fragile, located just 0.05% below at ₹125,232.66, while resistance looms 2.47% higher at ₹128,391.67. The divergence between short-term daily strength and longer-term weekly weakness suggests caution is warranted as the stock navigates this consolidation phase.

- Weekly trend has turned bearish (Supertrend: bearish), contrasting with daily bullish signals, indicating shifting momentum.
- Stock is down -20.3% over one year and -17.3% year-to-date, with a current drawdown of -22.8% approaching the maximum of -28.0%.
- Immediate support is thin at ₹125,232.66 (0.05% below), while the nearest resistance is at ₹128,391.67 (2.47% above).
- High volatility persists with annualized volatility at +23.3% and Average True Range at 1.77%.

- [Trump’s pain makes D-Street bulls gain! IndiGo, Asian Paints, other crude-sensitive stocks rally up to 8% as oil drops below $95](https://economictimes.indiatimes.com/markets/stocks/news/trumps-pain-makes-d-street-bulls-gain-indigo-asian-paints-other-crude-sensitive-stocks-rally-up-to-8-as-oil-drops-below-95/articleshow/135561511.cms)
- [MRF LIMITED has informed the Exchange about Board Meeting to be held on 10-Nov-2026 to consider and approve the Quarterly Unaudited Financial results of the Company for the period ended September 2026 and Dividend. |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1310_WebXMLFile_20261102_164707654.xml)
- [Board Meeting Intimation |Meeting Date: 10-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1310_WebXMLFile_20261102_164707654.xml)
- [MRF Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MRF_16102026161459_Specialwindow.pdf)
- [MRF Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/MRF_07102026141434_Regulation74.pdf)
- [MRF Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company |SUBJECT: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company](https://nsearchives.nseindia.com/corporate/MRF_07102026182247_STOCKEXCHANGE071026.pdf)
- [MRF Limited has informed the Exchange about Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B) |SUBJECT: Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_1310_WebXMLFile_20261007_182711105.xml)
- [MRF Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/MRF_29092026093140_Tradingwindowclosure.pdf)
- [MRF LIMITED has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_1310_WebXMLFile_20260929_092647465.xml)
- [MRF Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MRF_17082026171020_ADV.pdf)

### FAQs

**What key corporate events should investors monitor in the coming week?**

MRF Limited has informed the NSE of a Board Meeting scheduled for 10-Nov-2026. The agenda includes considering and approving the Quarterly Unaudited Financial Results for the period ended September 2026, as well as any dividend declarations. These results will provide the first official update on the company's financial performance for the third quarter.

**How has MRF's stock price performed recently relative to its longer-term trends?**

As of 06-Nov-2026, MRF closed at ₹125,300.00. The stock is down -17.3% year-to-date and -20.3% over the past year, though it has gained +6.3% over the last 10 trading days. It currently trades within a significant drawdown of -22.8% from its peak, with an annualized volatility of +23.3%, indicating substantial price fluctuation.

**Has there been any recent development regarding litigation or tax disputes?**

Yes. On 06-Oct-2026, MRF received a rectification order from the Deputy Commissioner State Tax, Pala, Kerala, which reduced a sales tax demand for FY 2014-15 from ₹91.53 crores to ₹36.19 crores. The company is currently examining this order to decide whether to challenge the reduced demand, representing a potential reduction in contingent liabilities.

**Is MRF considered a crude-sensitive stock, and how did it react to recent oil price movements?**

Recent market reports identify tyre manufacturers like MRF as crude-sensitive stocks that rallied when crude oil prices dropped below $95 per barrel. This decline was driven by hopes for eased supply constraints following US midterm election results. While MRF is categorized in this sector, specific share price movement data for MRF during this specific rally event is not provided in the current filings.

- [Trump’s pain makes D-Street bulls gain! IndiGo, Asian Paints, other crude-sensitive stocks rally up to 8% as oil drops below $95](https://economictimes.indiatimes.com/markets/stocks/news/trumps-pain-makes-d-street-bulls-gain-indigo-asian-paints-other-crude-sensitive-stocks-rally-up-to-8-as-oil-drops-below-95/articleshow/135561511.cms)
- [MRF LIMITED has informed the Exchange about Board Meeting to be held on 10-Nov-2026 to consider and approve the Quarterly Unaudited Financial results of the Company for the period ended September 2026 and Dividend. |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1310_WebXMLFile_20261102_164707654.xml)
- [Board Meeting Intimation |Meeting Date: 10-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1310_WebXMLFile_20261102_164707654.xml)
- [MRF Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MRF_16102026161459_Specialwindow.pdf)
- [MRF Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/MRF_07102026141434_Regulation74.pdf)
- [MRF Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company |SUBJECT: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company](https://nsearchives.nseindia.com/corporate/MRF_07102026182247_STOCKEXCHANGE071026.pdf)
- [MRF Limited has informed the Exchange about Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B) |SUBJECT: Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_1310_WebXMLFile_20261007_182711105.xml)
- [MRF Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/MRF_29092026093140_Tradingwindowclosure.pdf)
- [MRF LIMITED has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_1310_WebXMLFile_20260929_092647465.xml)
- [MRF Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MRF_17082026171020_ADV.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹1,24,018.33
- Risk regime: Price Risk Requires Attention

### Support levels
- 125232.65625
- 123017.5
- 112276.075

### Resistance levels
- 141585.625
- 145518.90625
- 148500

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.49% |
| return_10 | +6.26% |
| return_1m | +0.98% |
| return_1y | -20.32% |
| return_20 | +2.31% |
| return_3m | -6.44% |
| return_5 | +7.30% |
| return_6m | -3.86% |
| return_since_start | -3.15% |
| return_ytd | -17.31% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -28.05% |
| annualized_volatility | +23.29% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Growth Offset by Rising Costs, Profit Slips

MRF Limited’s revenue reached its highest point in the recent five-quarter period during the June 2026 quarter, but profit after tax edged lower compared to both the same quarter last year and the March 2026 quarter. A sharp increase in other expenses outpaced revenue growth, while lower finance costs and a reduced tax rate partially cushioned the bottom line.

## Revenue Performance

Revenue from operations rose to ₹8,415.50 crore, up 9.6% from ₹7,675.69 crore in the year-ago quarter and 4.6% from ₹8,044.22 crore in the March 2026 quarter. The figure marked the highest quarterly revenue among the five quarters for which data is available.

## Expense Trends

In the June 2026 quarter, the company’s expense structure comprised the following major items:

- Cost of materials consumed: ₹5,854.23 crore
- Employee benefit expense: ₹499.87 crore
- Depreciation: ₹447.67 crore
- Other expenses: ₹1,325.50 crore
- Finance costs: ₹88.33 crore

Among these, other expenses moved sharply. They increased 16.4% compared to the same quarter last year (from ₹1,138.73 crore) and 4.8% compared to the March quarter (from ₹1,264.30 crore). As a percentage of revenue, other expenses rose from 14.8% a year ago to 15.8%.

Finance costs, by contrast, declined 10.2% year-on-year, falling to ₹88.33 crore from ₹98.41 crore. Sequentially, they edged up 2.3% from ₹86.33 crore in the March quarter.

## Profitability

Profit before tax stood at ₹649.69 crore, a decline of 3.1% from ₹670.48 crore in the prior-year period and a 30.1% drop from ₹929.73 crore in the March quarter. The fall occurred despite the higher revenue, as the rise in other expenses weighed on profitability.

The effective tax rate decreased to 23.8% from 25.4% a year earlier, providing a partial offset.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +27.77%
- FII holding: +17.43%
- DII holding: +12.11%
- Mutual fund holding: +7.08%
- Retail holding: +13.22%
- Promoter pledged: +0.00%

### Major reported shareholders

- MOWI Foundation — +11.98%
- COMPREHENSIVE INVESTMENT AND FINANCE COMPANY PVT. LTD. — +10.42% (Bodies Corporate)
- NALANDA INDIA EQUITY FUND LIMITED — +4.13%
- SBI Mutual Fund through its various accounts — +4.02%
- Evertrue Charitable & Educational Foundation — +2.99%
- PENINSULAR INVESTMENTS PRIVATE LIMITED — +2.93% (Bodies Corporate)
- ENAM Securities Pvt Ltd — +2.59%
- KOTAK MAHINDRA through its various accounts — +2.16%
- THE NEW INDIA ASSURANCE COMPANY LTD — +1.52%
- K M MAMMEN [SINGLY] & K M MAMMEN  [JOINTLY WITH ARUN MAMMEN] — +1.26%

## Official filings

- 2026-11-02 — Generic Announcement: MRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1310_WebXMLFile_20261102_164707654.xml)
- 2026-11-02 — Board Meeting Notice: MRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1310_WebXMLFile_20261102_164707654.xml)
- 2026-10-16 — Generic Announcement: MRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_16102026161459_Specialwindow.pdf)
- 2026-10-07 — Generic Announcement: MRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_07102026141434_Regulation74.pdf)
- 2026-10-07 — Litigation Disclosure: MRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_07102026182247_STOCKEXCHANGE071026.pdf)
- 2026-10-07 — Litigation Disclosure: MRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_1310_WebXMLFile_20261007_182711105.xml)
- 2026-09-29 — Generic Announcement: MRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_29092026093140_Tradingwindowclosure.pdf)
- 2026-09-29 — Generic Announcement: MRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_1310_WebXMLFile_20260929_092647465.xml)
- 2026-08-17 — Generic Announcement: MRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_17082026171020_ADV.pdf)
- 2026-08-11 — Management Change: MRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1310_WebXMLFile_20260811_154430422.xml)
- 2026-08-11 — Press Release: MRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_11082026133906_Pressrelease.pdf)
- 2026-08-11 — Management Change: MRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_11082026123744_RESULTAUGUST.pdf)
- 2026-08-11 — Management Change: MRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_11082026123818_RESULTAUGUST.pdf)
- 2026-08-07 — Generic Announcement: MRF Limited held its 65th Annual General Meeting on August 6, 2026, via video conference, where all resolutions were passed by shareholders. These resolutions included the adoption of audited financial statements for the year ending March 31, 2026, the declaration of a final dividend of Rs. 229 per equity share, and the re-appointment of directors Mr. Varun Mammen and Dr. (Mrs) Cibi Mammen. Additionally, Messrs. M M Nissim & Co LLP were reappointed as Joint Statutory Auditors for five years, and the remuneration for Cost Auditor Mr. J. Karthikeyan for the year ending March 31, 2027, was ratified. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_07082026154715_AGMRESULTS.pdf)
- 2026-08-06 — Generic Announcement: MRF Limited held its 65th Annual General Meeting on August 6, 2026, transacting several items of business. Key decisions included the adoption of audited financial statements for the year ended March 31, 2026, and the declaration of a final dividend of Rs. 229 per equity share. The meeting also saw the re-appointment of directors Mr. Varun Mammen and Dr. (Mrs) Cibi Mammen, and the re-appointment of M M Nissim & Co LLP as Joint Statutory Auditors for five years. Additionally, the remuneration for Mr. J. Karthikeyan as Cost Auditor for the year ending March 31, 2027, was ratified. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_06082026170040_OutcomofAGM.pdf)
- 2026-07-30 — Official Filing: MRF LIMITED will hold a board meeting on August 11, 2026, to consider unaudited standalone and consolidated financial results for the quarter ended June 2026. The trading window for the company will be closed from July 1, 2026, to August 13, 2026.
- 2026-07-15 — Generic Announcement: MRF Limited has issued letters to shareholders without registered email addresses, providing a weblink to access the Annual Report for the financial year 2025-26. The 65th Annual General Meeting is scheduled for August 6, 2026, to be held via video conference. The Annual Report and AGM notice are also available on the company's website and stock exchange websites. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_15072026174124_Weblink.pdf)
- 2026-07-15 — Generic Announcement: MRF Limited will hold its 65th Annual General Meeting on August 6, 2026, via Video Conferencing/Other Audio-Visual Means. The record date for determining eligibility for the final dividend for FY 2025-26 is July 17, 2026. The remote e-voting period will be from August 1 to August 5, 2026. Grasim Industries Limited will hold its 79th AGM on August 21, 2026, also via VC/OAVM. The record date for dividend entitlement is August 7, 2026, with a recommended dividend of 500% or ₹10 per equity share. The register of members will close from August 8 to August 21, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_15072026173933_Newspaper.pdf)
- 2026-07-14 — Generic Announcement: MRF Limited will hold its 65th Annual General Meeting on August 6, 2026, via video conference. The meeting agenda includes adopting the 2025-26 annual report, considering a final dividend of ₹229 per equity share, and re-appointing directors Mr. Varun Mammen and Dr. (Mrs) Cibi Mammen. The company also proposes re-appointing M M Nissim & Co LLP as Joint Statutory Auditors for five years and Mr. J. Karthikeyan as Cost Auditor for the financial year ending March 31, 2027, with a remuneration of ₹8,40,000. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_14072026184031_Annualreport.pdf)
- 2026-07-10 — Generic Announcement: MRF Limited has submitted details of securities dematerialized and rematerialized for the quarter ended June 30, 2026, in compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The company confirmed that security certificates received for dematerialization were mutilated and cancelled, with depositories substituted as registered owners. The filing includes particulars of share dematerialization through NSDL and CDSL for the specified quarter. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_10072026173041_Reconcil.pdf)
- 2026-07-10 — Generic Announcement: MRF Limited will hold its 65th Annual General Meeting on August 6, 2026, via Video Conferencing/Other Audio Visual Means. The company has published newspaper advertisements on July 10, 2026, in Business Standard and Makkal Kural regarding this meeting. The notice also details the process for electronic voting and updating shareholder information. Additionally, the Board of Directors recommended a final dividend of ₹229 per equity share, subject to shareholder approval, to be paid on or after August 17, 2026, with a record date of July 17, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_10072026174349_Newspaper.pdf)
- 2026-06-29 — Generic Announcement: MRF Limited will hold its 65th Annual General Meeting on August 6, 2026, via video conferencing. The record date for the payment of final dividend, if declared, is July 17, 2026. The dividend payment is scheduled for on or after August 17, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_29062026170929_AGM.pdf)
- 2026-06-29 — Generic Announcement: MRF Limited will hold its 65th Annual General Meeting on August 6, 2026, via video conferencing. The record date for the payment of final dividend, if declared, is July 17, 2026. The dividend payment is scheduled for on or after August 17, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_29062026171110_AGM.pdf)
- 2026-06-29 — Generic Announcement: MRF Limited announced that its trading window will be closed from July 1, 2026, until 48 hours after the declaration of the unaudited financial results for the quarter ending June 30, 2026. This closure is in accordance with the company's Code of Conduct for designated persons and their immediate relatives. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_29062026165410_TradingWindow.pdf)
- 2026-06-19 — Shareholding Disclosure: MRF Limited has filed an annual declaration pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, stating that no new encumbrances on its shares have been made directly or indirectly, beyond those already disclosed, as of the financial year ended March 31, 2026. The declaration was submitted on April 2, 2026, from Chennai. — [Official attachment](https://nsearchives.nseindia.com/corporate/team_sandeshc_16062026124300_20.pdf)

## News and market events

- 2026-11-05 — Economic Times: **Trump’s pain makes D-Street bulls gain! IndiGo, Asian Paints, other crude-sensitive stocks rally up to 8% as oil drops below $95** — Indian equity markets rallied as crude oil prices plunged below $95 per barrel, driven by hopes that US midterm election results will lead to an end of the Middle East conflict and ease supply constraints. This decline in oil costs boosted sentiment for crude-sensitive sectors, with shares of airlines like IndiGo, paint makers such as Asian Paints, tyre manufacturers, and oil marketing companies rising significantly. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/trumps-pain-makes-d-street-bulls-gain-indigo-asian-paints-other-crude-sensitive-stocks-rally-up-to-8-as-oil-drops-below-95/articleshow/135561511.cms)
- 2026-10-21 — BUSINESS: **Midcap 100, Smallcap 100 index down 1%; MRF, Biocon, Swiggy at 52-week lows** — Yes Bank, PI Industries, MRF, Swiggy, Biocon, NMDC, Tube Investments of India, Vishal Mega Mart, Voltas and Max Financial Services from the Midcap 100 index hitting their respective 52-week lows. — [Source](https://www.business-standard.com/markets/news/midcap-100-smallcap-100-index-down-1-mrf-biocon-swiggy-at-52-week-lows-126102100269_1.html)
- 2026-09-23 — Times of India: **Frequent power outages hit Goa Inc, GCCI seeks urgent govt intervention** — Frequent power outages disrupt Goa industries like MRF and MRPPL; GCCI urges state govt to act, investigate causes, and ensure stable industrial power supply. — [Source](https://timesofindia.indiatimes.com/city/goa/frequent-power-outages-hit-goa-inc-gcci-seeks-urgent-govt-intervention/articleshow/134444156.cms)
- 2026-08-12 — The Hindu: **Sensex today | Stock Market Live: Sensex slips 325 points, Nifty below 24,400 amid weak global cues** — Sensex, Nifty, Share Prices Live: Indian equities traded lower on Wednesday as rising crude oil prices, weak global cues and geopolitical uncertainty weighed on sentiment. Investors remained cautious ahead of US inflation data, while developments around US-Iran negotiations and the Strait of Hormuz remained in focus. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-12-august-2026/article71332253.ece)
- 2026-08-12 — CNBC-TV18: **Q1 Results Live Updates: Finolex Cables, TD Power shares extend gains; Apollo, Grasim report today** — Q1 Results LIVE Updates: Apollo Hospitals and Grasim are among the final Nifty 50 names that will be reporting their results today along with broader market names such as HAL, IRCTC, IRCON, Lenskart, Astral, Tata Motors CV, among others. Manappuram, PI Industries, Bata India, Senco Gold, and others will also be reacting to their results. Watch this space for all the LIVE Q1 result updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-today-hal-apollo-hosp-manappuram-irctc-ircon-lenskart-grasim-pi-ind-astral-share-price-liveblog-19967133.htm)
- 2026-08-11 — The Hindu: **Q1 Results Today Live: MRF, Zydus Lifesciences, KPI Green Q1 PAT decline, Siemens, RVNL, PI Industries, Manappuram Finance, NBCC, Kalpataru, Swan Defence, Bata, Gujarat Energy to announce Q1 results** — Q1 Results Today, 11th August 2026 Live Updates:  Follow Q1FY27 live updates from businessline — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-live-updates-siemens-zydus-lifescience-mrf-rvnl-pi-industries-manappuram-finance-nbcc-kalpataru-swan-defence-bata-gujarat-energy-kpi-green-vi-bosch-zee-results-11-august-2026/article71327946.ece)
- 2026-08-11 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty falls over 150 points; MRF down 3% after results** — Sensex Today | Stock Market LIVE Updates: We are in the second half of this expiry session, and the bears are relentless. The markets are still under pressure, with the Nifty falling close to a 130 points, falling below the 24,450 mark. The Nifty Bank is under pressure, falling over 400 points, falling to 57,300. IndiGo, Tata Consumer and Axis Bank are the top laggards. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-expiry-today-oil-adani-bse-wipro-vedanta-vodafone-idea-rvnl-share-price-liveblog-19966134.htm)
- 2026-08-11 — The Hindu: **Sensex today | Stock Market Live: Sensex, Nifty fall as crude oil prices weigh on investor sentiment** — Sensex, Nifty, Share Prices Live: Indian equities opened lower on Tuesday as elevated crude prices and Strait of Hormuz concerns weighed on sentiment. The decline came despite stronger corporate earnings and renewed foreign buying, with investors also tracking Adani stocks and the Nifty 50 reshuffle. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-11-august-2026/article71328121.ece)
- 2026-08-11 — CNBC-TV18: **Q1 Results LIVE Updates: Vodafone Idea, KEC react to results; MRF, Siemens, RVNL report today** — Q1 Results LIVE Updates: MRF, Ashoka Building, Zydus Life, Bata India, Gokaldas Exports, Balrampur Chini, DAM Capital, EPack Durable, Delta Corp, Finolex Cables, JSW Paints, KPI Green, Landmark Cars, Manappuram Finance, Laxmi Dental, NBCC, RVNL, Senco Gold, Siemens Ltd, TD Power Systems, Venky's, are among the companies reporting their results today. Earnings reactions will come from Vodafone Idea, Bosch, Zee Entertainment, Gland Pharma, among other companies. Watch this space for all the LIVE result updates for Q1. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-vodafone-idea-bosch-mrf-bata-manappuram-nbcc-rvnl-zydus-life-zee-gland-ideaforge-share-price-liveblog-19966154.htm)
- 2026-07-16 — Economic Times: **Dividend alert! Last day to buy HCL Tech, MRF, Dabur, among 68 stocks for dividend payout worth Rs 1,365** — 68 stocks will turn ex-record date for dividends today. Investors must buy shares today to receive these upcoming dividend payments. HCL Tech, MRF, and Dabur are among the prominent companies offering payouts. 3M India leads with the highest overall dividend payout per share. This event marks the final opportunity for investors to secure these dividends. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/dividend-alert-last-day-to-buy-hcl-tech-mrf-dabur-among-68-stocks-for-dividend-payout-worth-rs-1365/articleshow/132428996.cms)
- 2026-07-15 — Economic Times: **MRF flags tough FY27 as geopolitical tensions, rising input costs and weak monsoon threaten demand** — MRF flags FY27 headwinds for India’s tyre industry: geopolitical tensions, higher input costs and weak monsoon risks; FY26 industry grew 10%, exports 9%. — [Source](https://auto.economictimes.indiatimes.com/news/tyres/mrf-flags-tough-fy27-as-geopolitical-tensions-rising-input-costs-and-weak-monsoon-threaten-demand/132421525)

## Business profile

**Strategic vision:** Manufactures and sells rubber products, primarily tyres for various vehicles.

### Business segments
- **Tyre Manufacturing:** The core business involves producing a comprehensive portfolio of tyres for passenger cars, two-wheelers, farm vehicles, trucks, and other commercial vehicles.
- **Other Rubber Products:** Beyond tyres, MRF's product offerings include treads, tubes, and conveyor belts.
- **Paints and Toys:** The company diversifies its operations into manufacturing paints and toys, with the toy segment operating under the brand 'Funskool'.

### Competitive strengths
- Extensive manufacturing and distribution network across India and over 65 countries.
- Diversified product portfolio including tyres, treads, tubes, conveyor belts, paints, and toys.
- Customer-input driven design process utilizing advanced technologies for product validation.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/mrf
Markdown representation: https://faxioms.com/stocks/mrf?render=md