NSE: MRF | BSE: 500290

Strong Performer, Getting Expensive

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155935.00 3085.00 (2.02%)

New 52W High today

13,179 NSE+BSE Volume

NSE 23 Sep, 2025 3:31 PM (IST)

66,133.6

Market Cap

Market Leader

0.9

Beta 1Year

Low volatility

MRF Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for MRF, BSE:500290 MRF Ltd.

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MRF Ltd.

12 Aug 2025

155935.00

2.02%

Q1 miss; brighter margin outlook; maintaining a Buy

Buy: MRF Ltd.

Target

Anand Rathi

Below our estimate, MRF’s Q1 EBITDA fell 9% y/y to Rs10.3bn due to the lower-than-expected gross margin. We expect 9/13/19% revenue/ EBITDA/PAT growth over FY25-28.

Number of MF schemes decreased from 103 to 95 in Jun 2025 qtr

MRF Ltd.

10 Nov 2024

155935.00

2.02%

Margins to expand ahead, upgrading to a Buy

Buy: MRF Ltd.

Anand Rathi

Broadly in line with our Rs9.7bn estimate, MRF’s Q2 EBITDA fell 14% y/y to Rs9.7bn.

Number of FII/FPI investors increased from 638 to 696 in Jun 2025 qtr.

MRF Ltd.

05 May 2024

155935.00

2.02%

MRF’s 4QFY24 result was weak as higher RM costs and operating expenses
led to lower adjusted EBITDA margin of 16.2% (-100bp QoQ vs. est. 17%). A
provision of INR463.6m, which was made in FY23, was recognized in 4Q
along with the additional provision of INR981.4m for FY24 to cover EPR
costs.

MRF Ltd. has gained 39.17% in the last 6 Months

MRF Ltd.

04 Nov 2023

155935.00

2.02%

EBITDA in line despite a miss on revenue

Sell: MRF Ltd.

Target

Motilal Oswal

MRF Ltd. is trading above all available SMAs

MRF Ltd.

03 May 2023

155935.00

2.02%

Above est; benign RM costs aid margin expansion

Sell: MRF Ltd.

Recommendation Target

Motilal Oswal

Number of MF schemes decreased from 103 to 95 in Jun 2025 qtr

MRF Ltd.

08 Nov 2022

155935.00

2.02%

Below estimates; performance adversely impacted by higher costs

Neutral: MRF Ltd.

Target

Motilal Oswal

Number of FII/FPI investors increased from 638 to 696 in Jun 2025 qtr.

MRF Ltd.

09 Aug 2022

155935.00

2.02%

Below our estimate; impacted by cost pressure and MTM losses

Neutral: MRF Ltd.

Target

Motilal Oswal

Number of FII/FPI investors increased from 638 to 696 in Jun 2025 qtr.

MRF Ltd.

10 May 2022

155935.00

2.02%

Beat led by strong revenue growth

Neutral: MRF Ltd.

Target

Motilal Oswal

Number of MF schemes decreased from 103 to 95 in Jun 2025 qtr

MRF Ltd.

09 Nov 2021

155935.00

2.02%

Below est; Higher RM, other cost impact margins

Neutral: MRF Ltd.

Target

Motilal Oswal

MRFs sales grew weaker than peers due to weakness in TBB & Farm MRF's 2QFY22 performance was impacted by RM cost inflation and higher other cost. MRF lagged peers in revenue growth due to weaker performance of TBB and farm segment. The industry is taking gradual price increases to dilute impact of severe cost inflation. We cut our FY22E/FY23E EPS by ~29%/14% to factor in for RM cost inflation and higher other expenses. Maintain Neutral....

MRF Ltd. has an average target of 170000.00 from 1 broker.

MRF Ltd.

09 Aug 2021

155935.00

2.02%

Operating de-leverage impacts performance

Neutral: MRF Ltd.

Motilal Oswal

MRF's 1QFY22 operating performance was impacted by operating deleverage and RM cost inflation. The industry is taking gradual price increases to dilute the impact of severe cost inflation....

MRF Ltd. is trading above all available SMAs

Is MRF Ltd. worth buying?

605 Votes:

Buy 57.52%

Sell 22.81%

Hold 19.67%

RESEARCH REPORTS

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Buy SEE REPORTS >

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