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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
MRF Limited is an India-based multinational tire maker. The Company is engaged in the manufacture of rubber products, such as tires, tubes, flaps, tread rubber. The Company's tires products include SHAKTI LIFE PLUS, SHAKTI LIFE, MUSCLEROK, SAND GRIP, STEEL MUSCLE-S3K4,…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, trading cheap versus its own history.
MRF is scored on the general / industrial framework. It keeps a slim 7.7% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.89× reported profit. Free cash flow is worth about 2.0% of its market value.
Over the last 3 years revenue compounded at 11%/yr and profit at 47%/yr. Book value has grown 13%/yr. Return on equity is a modest 11.6%. In the latest quarter profit fell 29% versus the prior quarter.
At 22× earnings, the stock sits at the 6th percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price implies ~10%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 21.98 | 24.21 | better |
| P/B | 2.53 | 2.34 | worse |
| EV/EBITDA | 10.22 | 10.36 | better |
| ROE | 11.57 | 10.47 | better |
| ROCE | 14.71 | 12.17 | better |
| ROA | 7.57 | 4.93 | better |
| Quick Ratio | 1.04 | 0.85 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Balkrishna Ind | 32.6 | 4.0 | 12.2% |
| Apollo Tyres | 15.2 | 1.5 | 11.8% |
| CEAT | 27.8 | 2.9 | 11.5% |
Revenue has grown every year across all 4 financial years shown. 11% CAGR over 3 years — steady double-digit compounder.
Profit is growing faster than revenue (47% vs 11%) — margin expansion is at work.
Operating margin has expanded from 5% to 10% — the business is keeping more of each rupee earned.
ROE at 12% — modest; the capital isn't working hard. Capital efficiency improving — ROE up 6pp across the window.
47% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.9× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 5% sequentially — momentum is building.
Profit fell 29% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold just 27.6% — widely held; sentiment-driven.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.