# 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: ₹1,25,995
- Change: +1.13%
- As of: 2026-09-18
- 1D return: +0.87%
- 5D return: -2.03%
- 1M return: -6.22%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, MRF's technical stance is predominantly bearish across daily and weekly timeframes, while showing a bullish signal on the monthly chart. The daily trend indicates weakness, with the price below key moving averages like the 20-day EMA (₹128,980.9) and the 200-day SMA (₹136,174.7), and the Supertrend indicator is bearish at ₹131,542.38. This is supported by a bearish Supertrend direction on the weekly timeframe (₹142,057.19). However, the monthly Supertrend is bullish at ₹109,945.34, suggesting potential longer-term support. The stock has recently formed an active Evening Star pattern on the monthly chart and an Outside Bar on the daily chart. The current price of ₹125,670.0 is positioned near the lower end of its recent trading range, with immediate support identified around ₹125,523.33 and resistance near ₹126,461.67. The stock's current drawdown stands at -23%, with an annualized volatility of 23%.

Key watch conditions include monitoring the price action around the ₹125,523.33 support level. A sustained break below this could signal further downside. Conversely, a move above the ₹126,461.67 resistance level, particularly with increased volume, would be needed to challenge the prevailing bearish short-to-medium term trend. The divergence between the monthly bullish Supertrend and the bearish daily/weekly trends warrants close observation for any trend confirmation or reversal signals.

- Daily and weekly timeframes show a bearish trend, with the price below key moving averages and Supertrend indicators.
- The monthly timeframe exhibits a bullish Supertrend signal, creating a divergence with shorter-term trends.
- Nearest support is observed around ₹125,523.33, with immediate resistance at ₹126,461.67.
- The stock is experiencing a -23% current drawdown and 23% annualized volatility.
- Watch for a break below ₹125,523.33 to confirm further weakness, or a move above ₹126,461.67 to signal potential trend change.

- Evening Star
- Outside Bar
- Shooting Star
- Bearish Engulfing Reversal
- Doji
- Harami

### News Context

MRF Limited announced a special window for the transfer and dematerialization of physical securities purchased or sold before April 1, 2019. This window is open from February 5, 2026, to February 4, 2027. In other developments, the company's Board of Directors appointed Mr. Prasanth Puliakottu as Senior General Manager - ITS and Mr. Santhosh Mathew as Senior General Manager - HRS, both effective August 11, 2026. These appointments follow a board meeting where unaudited financial results for the quarter ended June 30, 2026, were approved. The company also re-assessed its liability for past service costs under new labor codes. On a standalone basis, the profit before tax was Rs. 624.54 Crores, and consolidated profit before tax was Rs. 649.69 Crores. The re-assessed liability for past service costs was Rs. 61.99 Crores on a standalone basis and Rs. 63.24 Crores on a consolidated basis.

- MRF Limited has opened a special window for physical securities transfer and dematerialization, valid from February 5, 2026, to February 4, 2027.
- Effective August 11, 2026, Mr. Prasanth Puliakottu was appointed Senior General Manager - ITS and Mr. Santhosh Mathew was appointed Senior General Manager - HRS.
- Unaudited financial results for the quarter ended June 30, 2026, reported a standalone profit before tax of Rs. 624.54 Crores and consolidated profit before tax of Rs. 649.69 Crores.
- The company re-assessed its liability for past service costs under new labor codes, amounting to Rs. 61.99 Crores (standalone) and Rs. 63.24 Crores (consolidated).

- MRF Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- MRF LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- MRF Limited has informed the Exchange regarding a press release dated August 11, 2026, titled "Press release on Unaudited Financial Results for the quarter ended 30th June, 2026". |SUBJECT: Press Release
- MRF Limited has informed the Exchange regarding Appointment of Mr. Prasanth Puliakottu, Senior General Manager - ITS, Head of the Information Technology Services function as as Senior Management Personnel of the Company. |SUBJECT: Appointment
- MRF Limited has informed the Exchange regarding Appointment of Mr. Santhosh Mathew, Senior General Manager - HRS, Head of the Human Resources & Services function as Senior Management Personnel of the Company. |SUBJECT: Appointment

### What Changed

MRF's share price has seen a modest increase, trading at ₹125,670.0 on September 18, 2026, up from ₹124,585.0 on the previous trading day. The available data does not indicate any new filings or news developments for MRF as of the report date. The company's profile on the NSE remains unchanged.

- MRF's stock price was ₹125,670.0 on September 18, 2026.
- The stock price on the previous trading day was ₹124,585.0.
- No new filings were reported for MRF as of September 18, 2026.
- No news developments were reported for MRF as of September 18, 2026.

### Official Filings

MRF Limited's recent disclosures highlight key governance and financial updates. On August 11, 2026, the company announced the appointment of Mr. Prasanth Puliakottu as Senior General Manager - ITS and Mr. Santhosh Mathew as Senior General Manager - HRS, both effective immediately. These appointments bring significant experience to the Information Technology Services and Human Resources & Services functions, respectively. Concurrently, the Board approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, reporting a standalone profit before tax of ₹624.54 Crores and a consolidated profit before tax of ₹649.69 Crores. The company also reassessed its liability for past service costs under new labor codes, amounting to ₹61.99 Crores on a standalone basis and ₹63.24 Crores on a consolidated basis. Earlier, on August 6, 2026, the 65th Annual General Meeting saw shareholders approve the audited financial statements for the year ending March 31, 2026, and declare a final dividend of ₹229 per equity share. The reappointment of directors Mr. Varun Mammen and Dr. (Mrs) Cibi Mammen, along with Messrs. M M Nissim & Co LLP as Joint Statutory Auditors for five years, was also confirmed.

- On August 11, 2026, MRF Limited appointed Mr. Prasanth Puliakottu and Mr. Santhosh Mathew as Senior Management Personnel.
- Unaudited standalone profit before tax for the quarter ended June 30, 2026, was ₹624.54 Crores; consolidated profit before tax was ₹649.69 Crores.
- The company reassessed its liability for past service costs under new labor codes to ₹61.99 Crores (standalone) and ₹63.24 Crores (consolidated).
- A final dividend of ₹229 per equity share was declared at the 65th Annual General Meeting held on August 6, 2026.
- Audited financial statements for the year ended March 31, 2026, were adopted at the AGM on August 6, 2026.

- MRF Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- MRF LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- MRF Limited has informed the Exchange regarding a press release dated August 11, 2026, titled "Press release on Unaudited Financial Results for the quarter ended 30th June, 2026". |SUBJECT: Press Release
- MRF Limited has informed the Exchange regarding Appointment of Mr. Prasanth Puliakottu, Senior General Manager - ITS, Head of the Information Technology Services function as as Senior Management Personnel of the Company. |SUBJECT: Appointment
- MRF Limited has informed the Exchange regarding Appointment of Mr. Santhosh Mathew, Senior General Manager - HRS, Head of the Human Resources & Services function as Senior Management Personnel of the Company. |SUBJECT: Appointment

### Fundamentals

MRF's recent operating performance shows a mixed trend. Revenue from operations saw a slight increase sequentially, reaching ₹8,415.50 crore in Q1 FY2026-27, up from ₹8,044.22 crore in Q4 FY2025-26. However, profitability faced pressure in the latest quarter. Profit Before Tax declined to ₹649.69 crore in Q1 FY2026-27 from ₹929.73 crore in Q4 FY2025-26. This was accompanied by a decrease in Profit Loss For Period, which stood at ₹495.35 crore in Q1 FY2026-27, down from ₹702.25 crore in the preceding quarter. The decline in profitability appears linked to an increase in "Other Expenses," which rose to ₹1,325.50 crore in Q1 FY2026-27 from ₹1,264.30 crore in Q4 FY2025-26. Finance costs remained relatively stable, at ₹88.33 crore in Q1 FY2026-27 compared to ₹86.33 crore in Q4 FY2025-26.

Key monitoring areas for MRF include the trend in "Other Expenses" and its impact on operating margins. Investors should also watch the company's ability to translate revenue growth into consistent profit growth, especially in light of the recent decline in Profit Before Tax and Profit Loss For Period. The stability of finance costs suggests that debt servicing is not a primary driver of the recent profit compression, but overall cost management will be crucial.

- Revenue from operations was ₹8,415.50 crore in Q1 FY2026-27, a sequential increase from ₹8,044.22 crore in Q4 FY2025-26.
- Profit Before Tax decreased to ₹649.69 crore in Q1 FY2026-27 from ₹929.73 crore in Q4 FY2025-26.
- Profit Loss For Period for Q1 FY2026-27 was ₹495.35 crore, a decrease from ₹702.25 crore in Q4 FY2025-26.
- Other Expenses increased to ₹1,325.50 crore in Q1 FY2026-27 from ₹1,264.30 crore in Q4 FY2025-26.
- Finance Costs were ₹88.33 crore in Q1 FY2026-27, compared to ₹86.33 crore in Q4 FY2025-26.

### Bull Case

The company's monthly trend analysis indicates a bullish signal, with the Supertrend indicator at ₹109,945.34 suggesting potential upward movement over a longer timeframe. While the daily and weekly trends are currently showing bearish signals, the monthly outlook provides a constructive element to consider.

- Monthly Supertrend indicator is ₹109,945.34, suggesting a bullish trend on a monthly basis as of 2026-09-18.
- The closing price on 2026-09-18 was ₹125,670.00.

### Bear Case

The company's stock is currently exhibiting technical indicators that suggest a bearish trend on a daily and weekly basis. The Super Trend indicator is signaling 'bearish' on both timeframes, and moving averages are trending downwards, with the 20-day EMA slope at -2098.88 and the 50-day SMA slope at -1949.3 on a weekly basis. This is further supported by a negative year-to-date return of -17% and a 1-year return of -16%. The stock is also trading below its 20-day, 50-day, and 200-day Simple Moving Averages, indicating potential short-to-medium term weakness. The current drawdown stands at -23%, with a maximum drawdown of -24%, highlighting recent price depreciation.

- The daily Super Trend indicator is 'bearish' as of 2026-09-18.
- The weekly Super Trend indicator is 'bearish' as of 2026-09-18.
- The stock's year-to-date return is -17% and its 1-year return is -16% as of 2026-09-18.
- The current drawdown is -23% as of 2026-09-18.

### FAQs

**What were MRF's recent financial results for the quarter ended June 30, 2026?**

For the quarter ended June 30, 2026, MRF Limited reported a standalone profit before tax of ₹624.54 Crores and a consolidated profit before tax of ₹649.69 Crores. The company also re-assessed its liability for past service costs under new labor codes, amounting to ₹61.99 Crores on a standalone basis and ₹63.24 Crores on a consolidated basis.

**What recent changes have occurred in MRF's senior management?**

On August 11, 2026, MRF Limited appointed Mr. Prasanth Puliakottu as Senior General Manager - ITS and Head of Information Technology Services, and Mr. Santhosh Mathew as Senior General Manager - HRS and Head of Human Resources & Services. Both appointments were effective immediately.

**What is the current technical trend for MRF based on daily and weekly indicators?**

As of September 18, 2026, MRF's daily trend indicators suggest a bearish outlook, with the closing price of ₹125670.0 below the 20-day Exponential Moving Average (EMA) of ₹128980.9 and the 50-day EMA of ₹130563.2. The Supertrend indicator is also in a bearish direction at ₹131542.38. Similarly, the weekly trend also indicates a bearish direction, with the Supertrend at ₹142057.19 and the closing price below the 20-day EMA (₹131306.44) and 50-day EMA (₹134431.09).

**What are MRF's nearest support and resistance levels?**

As of September 18, 2026, MRF's nearest support levels are identified at ₹125523.33 (based on high), ₹125515.62 (based on low), ₹124911.67 (pivot), and ₹123973.33 (based on low). The nearest resistance levels are at ₹126461.67 (based on high), ₹127073.33 (based on high), ₹141585.62 (based on high), and ₹145518.91 (based on high).

- MRF Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- MRF LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- MRF Limited has informed the Exchange regarding a press release dated August 11, 2026, titled "Press release on Unaudited Financial Results for the quarter ended 30th June, 2026". |SUBJECT: Press Release
- MRF Limited has informed the Exchange regarding Appointment of Mr. Prasanth Puliakottu, Senior General Manager - ITS, Head of the Information Technology Services function as as Senior Management Personnel of the Company. |SUBJECT: Appointment
- MRF Limited has informed the Exchange regarding Appointment of Mr. Santhosh Mathew, Senior General Manager - HRS, Head of the Human Resources & Services function as Senior Management Personnel of the Company. |SUBJECT: Appointment
## Technical analytics

- As of: 2026-09-18
- Daily trend: Strong Downtrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹1,24,911.67
- Risk regime: Price Risk Requires Attention

### Support levels
- 125515.625
- 122815
- 112276.075

### Resistance levels
- 141585.625
- 145518.90625
- 148500

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.87% |
| return_10 | -3.71% |
| return_1m | -5.87% |
| return_1y | -15.69% |
| return_20 | -6.22% |
| return_3m | -3.39% |
| return_5 | -2.03% |
| return_6m | -6.14% |
| return_since_start | -2.86% |
| return_ytd | -17.07% |

### 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 | -24.46% |
| annualized_volatility | +23.43% |

## 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

## Official filings

- 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)
- 2026-06-09 — Generic Announcement: MRF Limited has published newspaper advertisements on June 9, 2026, in Business Standard and Makkal Kural, complying with a SEBI circular dated January 30, 2026. These advertisements announce a special window for the transfer and dematerialization of physical securities that were sold or purchased before April 1, 2019. This window is available from February 5, 2026, to February 4, 2027, for transfer requests previously rejected or returned due to deficiencies. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_09062026170833_Newspaperadvertisement.pdf)
- 2026-05-31 — Generic Announcement: MRF Limited announced the retirement of Mr. Suresh T Cherian, Vice President - ITS, effective May 31, 2026. This change in senior management personnel is disclosed in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_31052026182234_Regulation30.pdf)
- 2026-05-11 — Litigation Disclosure: MRF Limited disclosed updates on two tax litigations for Assessment Years 2015-16 and 2016-17, initiated on March 15, 2024, and March 26, 2024, respectively. The disputes involved disallowance of claims with initial amounts of Rs. 89.62 crores and Rs. 92.46 crores. The Income Tax Appellate Tribunal restored remaining matters to the Assessing Officer for fresh verification, resulting in the tax demand being reduced to Nil for both cases. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_11052026165729_Litigation.pdf)
- 2026-05-07 — Generic Announcement: MRF Limited's Board of Directors met on May 7, 2026, approving audited financial results for the year ended March 31, 2026, and recommending a final dividend of Rs 229 per share. The board accepted the resignation of Company Secretary S Dhanvanth Kumar due to health reasons and appointed Thulsidass T V as the new Vice President, General Counsel, and Company Secretary. Additionally, M M NISSIM & CO LLP was re-appointed as Joint Statutory Auditors for a five-year term, subject to shareholder approval. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_07052026124449_FINALRESULT.pdf)
- 2026-05-07 — Generic Announcement: MRF Limited's Board of Directors met on May 7, 2026, approving audited financial results for the year ended March 31, 2026, and recommending a final dividend of Rs 229 per share. The board accepted the resignation of Company Secretary S Dhanvanth Kumar due to health reasons and appointed Thulsidass T V as the new Vice President, General Counsel, and Company Secretary. Additionally, M M NISSIM & CO LLP was re-appointed as Joint Statutory Auditors for a five-year term, subject to shareholder approval. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_07052026125557_FINALRESULT.pdf)
- 2026-05-07 — Management Change: MRF Limited's Board of Directors met on May 7, 2026, approving audited financial results for the year ended March 31, 2026, and recommending a final dividend of Rs 229 per share. The board accepted the resignation of Company Secretary S Dhanvanth Kumar due to health reasons and appointed Thulsidass T V as the new Vice President, General Counsel, and Company Secretary. Additionally, M M NISSIM & CO LLP was re-appointed as Joint Statutory Auditors for a five-year term, subject to shareholder approval. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_07052026130735_FINALRESULT.pdf)
- 2026-05-07 — Generic Announcement: MRF Limited's Board of Directors met on May 7, 2026, approving audited financial results for the year ended March 31, 2026, and recommending a final dividend of Rs 229 per share. The board accepted the resignation of Company Secretary S Dhanvanth Kumar due to health reasons and appointed Thulsidass T V as the new Vice President, General Counsel, and Company Secretary. Additionally, M M NISSIM & CO LLP was re-appointed as Joint Statutory Auditors for a five-year term, subject to shareholder approval. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_07052026124015_FINALRESULT.pdf)
- 2026-05-07 — Press Release: MRF Limited reported audited financial results for the year ended March 31, 2026, with consolidated total income of Rs 31,654 Crores, an 11% increase from the previous year. Consolidated Profit Before Tax was Rs 3222 Crores, and Net Profit increased 30% to Rs 2426 Crores. The company declared a dividend of Rs 235 per share for FY 2025-26. — [Official attachment](https://nsearchives.nseindia.com/corporate/MRF_07052026154045_Pressrelease.pdf)

## News and market events

- 2026-08-12 — CNBC-TV18: **Q1 Results Live Updates: HAL beats Street estimates; EID Parry profit falls 42%** — 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)
- 2026-08-12 — 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)
- 2026-08-11 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty below 24,450; Unichem Lab surges 11% 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 — CNBC-TV18: **Q1 Results LIVE Updates: Zydus Life profit down 36%; Hind Rectifiers shares down 8%** — 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)
- 2026-08-11 — 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 — 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)
- 2026-07-16 — 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.

## Related stocks

- [APOLLOTYRE (Auto)](https://faxioms.com/stocks/apollotyre) — -0.58%
- [ASHOKLEY (Auto)](https://faxioms.com/stocks/ashokley) — +2.26%
- [ATHERENERG (Auto)](https://faxioms.com/stocks/atherenerg) — +4.10%
- [BAJAJ-AUTO (Auto)](https://faxioms.com/stocks/bajaj-auto) — -0.12%
- [BHARATFORG (Auto)](https://faxioms.com/stocks/bharatforg) — +3.09%

## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

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