What is the Current Share Price of MRF Ltd?
- Answer Field
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MRF Ltd share price is for NSE ₹ 1,52,550.00 & for BSE ₹ 1,52,153.50 as on Dec 12 2025 03:30 PM.
BAJAJ BROKING
2277
500290
MRF
This data indicates the stock's performance over a specific period, measured by tracking its price movements.
As of the latest trading session, MRF LTD share price is currently at ₹ 152550, which is down by ₹ -1010.00 from its previous closing. Today, the stock has fluctuated between ₹ 152000.00 and ₹ 153700.00. Over the past year, MRF LTD has achieved a return of 15.68 %. In the last month alone, the return has been -3.31 %. Read More...
Understand the common terms associated with a company's stock fundamentals
This data indicates the stock's performance over a specific period, measured by tracking its price movements.
| Particulars | SEP 2025 (Values in Cr) |
|---|---|
| Revenue | 7249.68 |
| Operating Expense | 6673.97 |
| Net Profit | 511.59 |
| Net Profit Margin (%) | 7.05 |
| Earnings Per Share (EPS) | 1206.26 |
| EBITDA | 1196.44 |
| Effective Tax Rate (%) | 25.03 |
| Particulars | JUN 2025 (Values in Cr) |
|---|---|
| Revenue | 7560.28 |
| Operating Expense | 7035.04 |
| Net Profit | 484.23 |
| Net Profit Margin (%) | 6.40 |
| Earnings Per Share (EPS) | 1141.74 |
| EBITDA | 1159.84 |
| Effective Tax Rate (%) | 25.58 |
| Particulars | MAR 2025 (Values in Cr) |
|---|---|
| Revenue | 6943.84 |
| Operating Expense | 6410.21 |
| Net Profit | 497.85 |
| Net Profit Margin (%) | 7.16 |
| Earnings Per Share (EPS) | 1173.86 |
| EBITDA | 1154.24 |
| Effective Tax Rate (%) | 22.82 |
| Particulars | DEC 2024 (Values in Cr) |
|---|---|
| Revenue | 6883.17 |
| Operating Expense | 6566.71 |
| Net Profit | 306.72 |
| Net Profit Margin (%) | 4.45 |
| Earnings Per Share (EPS) | 723.20 |
| EBITDA | 898.42 |
| Effective Tax Rate (%) | 25.74 |
| Particulars | SEP 2024 (Values in Cr) |
|---|---|
| Revenue | 6760.37 |
| Operating Expense | 6261.54 |
| Net Profit | 455.43 |
| Net Profit Margin (%) | 6.73 |
| Earnings Per Share (EPS) | 1073.84 |
| EBITDA | 1085.51 |
| Effective Tax Rate (%) | 25.44 |
| Particulars | MAR 2025 (Values in Cr) |
|---|---|
| Revenue | 27665.22 |
| Operating Expense | 25648.18 |
| Net Profit | 1822.55 |
| Net Profit Margin (%) | 6.58 |
| Earnings Per Share (EPS) | 4297.31 |
| EBITDA | 4358.73 |
| Effective Tax Rate (%) | 24.68 |
| Particulars | MAR 2024 (Values in Cr) |
|---|---|
| Revenue | 24673.68 |
| Operating Expense | 22247.18 |
| Net Profit | 2040.95 |
| Net Profit Margin (%) | 8.27 |
| Earnings Per Share (EPS) | 4812.26 |
| EBITDA | 4480.30 |
| Effective Tax Rate (%) | 25.48 |
| Particulars | MAR 2023 (Values in Cr) |
|---|---|
| Revenue | 22578.23 |
| Operating Expense | 21787.57 |
| Net Profit | 816.23 |
| Net Profit Margin (%) | 3.61 |
| Earnings Per Share (EPS) | 1924.56 |
| EBITDA | 2665.85 |
| Effective Tax Rate (%) | 27.07 |
| Particulars | MAR 2022 (Values in Cr) |
|---|---|
| Revenue | 18989.51 |
| Operating Expense | 18425.26 |
| Net Profit | 647.34 |
| Net Profit Margin (%) | 3.40 |
| Earnings Per Share (EPS) | 1526.34 |
| EBITDA | 2327.58 |
| Effective Tax Rate (%) | 26.36 |
| Particulars | MAR 2021 (Values in Cr) |
|---|---|
| Revenue | 15921.35 |
| Operating Expense | 14428.31 |
| Net Profit | 1249.06 |
| Net Profit Margin (%) | 7.84 |
| Earnings Per Share (EPS) | 2945.09 |
| EBITDA | 3101.91 |
| Effective Tax Rate (%) | 26.53 |
| Particulars | MAR 2025 (Values in Cr) |
|---|---|
| Book Value / Share | 43604.86 |
| ROE % | 10.62 |
| ROCE % | 13.27 |
| Total Debt to Total Equity | 0.19 |
| EBITDA Margin | 15.99 |
| Particulars | MAR 2024 (Values in Cr) |
|---|---|
| Book Value / Share | 39393.84 |
| ROE % | 13.25 |
| ROCE % | 16.45 |
| Total Debt to Total Equity | 0.19 |
| EBITDA Margin | 18.19 |
| Particulars | MAR 2023 (Values in Cr) |
|---|---|
| Book Value / Share | 34687.88 |
| ROE % | 5.35 |
| ROCE % | 7.77 |
| Total Debt to Total Equity | 0.22 |
| EBITDA Margin | 11.51 |
| Particulars | MAR 2022 (Values in Cr) |
|---|---|
| Book Value / Share | 33093.75 |
| ROE % | 4.03 |
| ROCE % | 5.96 |
| Total Debt to Total Equity | 0.20 |
| EBITDA Margin | 11.48 |
| Particulars | MAR 2021 (Values in Cr) |
|---|---|
| Book Value / Share | 31636.01 |
| ROE % | 9.97 |
| ROCE % | 13.01 |
| Total Debt to Total Equity | 0.17 |
| EBITDA Margin | 19.55 |
| Particulars | MAR 2025 (Values in Cr) |
|---|---|
| Book Value / Share | 42867.62 |
| ROE % | 10.53 |
| ROCE % | 13.39 |
| Total Debt to Total Equity | 0.14 |
| EBITDA Margin | 15.77 |
| Particulars | MAR 2024 (Values in Cr) |
|---|---|
| Book Value / Share | 38775.12 |
| ROE % | 13.19 |
| ROCE % | 16.58 |
| Total Debt to Total Equity | 0.16 |
| EBITDA Margin | 18.18 |
| Particulars | MAR 2023 (Values in Cr) |
|---|---|
| Book Value / Share | 34219.03 |
| ROE % | 4.86 |
| ROCE % | 7.28 |
| Total Debt to Total Equity | 0.18 |
| EBITDA Margin | 11.05 |
| Particulars | MAR 2022 (Values in Cr) |
|---|---|
| Book Value / Share | 32493.56 |
| ROE % | 3.94 |
| ROCE % | 6.16 |
| Total Debt to Total Equity | 0.13 |
| EBITDA Margin | 11.47 |
| Particulars | MAR 2021 (Values in Cr) |
|---|---|
| Book Value / Share | 31082.22 |
| ROE % | 9.92 |
| ROCE % | 13.53 |
| Total Debt to Total Equity | 0.10 |
| EBITDA Margin | 19.52 |
| Particulars | MAR 2025 (Values in Cr) |
|---|---|
| Cash & Short Term Investments | 376.49 |
| Total Assets | 29566.99 |
| Total Liabilities | 29566.99 |
| Total Equity | 18488.64 |
| Share Outstanding | 4241143 |
| Price to Book Ratio | 2.63 |
| Return on Assets (%) | 6.32 |
| Return on Capital (%) | 8.74 |
| Particulars | MAR 2024 (Values in Cr) |
|---|---|
| Cash & Short Term Investments | 345.38 |
| Total Assets | 26849.43 |
| Total Liabilities | 26849.43 |
| Total Equity | 16703.16 |
| Share Outstanding | 4241143 |
| Price to Book Ratio | 3.44 |
| Return on Assets (%) | 7.75 |
| Return on Capital (%) | 11.08 |
| Particulars | MAR 2023 (Values in Cr) |
|---|---|
| Cash & Short Term Investments | 258.49 |
| Total Assets | 24369.41 |
| Total Liabilities | 24369.41 |
| Total Equity | 14707.82 |
| Share Outstanding | 4241143 |
| Price to Book Ratio | 2.46 |
| Return on Assets (%) | 3.15 |
| Return on Capital (%) | 4.49 |
| Particulars | MAR 2022 (Values in Cr) |
|---|---|
| Cash & Short Term Investments | 256.13 |
| Total Assets | 23059.74 |
| Total Liabilities | 23059.74 |
| Total Equity | 14031.90 |
| Share Outstanding | 4241143 |
| Price to Book Ratio | 2.00 |
| Return on Assets (%) | 2.90 |
| Return on Capital (%) | 3.97 |
| Particulars | MAR 2021 (Values in Cr) |
|---|---|
| Cash & Short Term Investments | 169.39 |
| Total Assets | 22581.86 |
| Total Liabilities | 22581.86 |
| Total Equity | 13413.81 |
| Share Outstanding | 4241143 |
| Price to Book Ratio | 2.65 |
| Return on Assets (%) | 5.65 |
| Return on Capital (%) | 8.27 |
| Particulars | MAR 2025 (Values in Cr) |
|---|---|
| Cash & Short Term Investments | 249.46 |
| Total Assets | 29096.10 |
| Total Liabilities | 29096.10 |
| Total Equity | 18175.87 |
| Share Outstanding | 4241143 |
| Price to Book Ratio | 2.63 |
| Return on Assets (%) | 6.26 |
| Return on Capital (%) | 9.22 |
| Particulars | MAR 2024 (Values in Cr) |
|---|---|
| Cash & Short Term Investments | 240.34 |
| Total Assets | 26414.79 |
| Total Liabilities | 26414.79 |
| Total Equity | 16440.65 |
| Share Outstanding | 4241143 |
| Price to Book Ratio | 3.44 |
| Return on Assets (%) | 7.72 |
| Return on Capital (%) | 11.29 |
| Particulars | MAR 2023 (Values in Cr) |
|---|---|
| Cash & Short Term Investments | 156.29 |
| Total Assets | 24023.75 |
| Total Liabilities | 24023.75 |
| Total Equity | 14508.87 |
| Share Outstanding | 4241143 |
| Price to Book Ratio | 2.46 |
| Return on Assets (%) | 3.39 |
| Return on Capital (%) | 4.95 |
| Particulars | MAR 2022 (Values in Cr) |
|---|---|
| Cash & Short Term Investments | 114.85 |
| Total Assets | 22693.40 |
| Total Liabilities | 22693.40 |
| Total Equity | 13777.27 |
| Share Outstanding | 4241143 |
| Price to Book Ratio | 2.00 |
| Return on Assets (%) | 2.85 |
| Return on Capital (%) | 4.1 |
| Particulars | MAR 2021 (Values in Cr) |
|---|---|
| Cash & Short Term Investments | 105.34 |
| Total Assets | 22259.58 |
| Total Liabilities | 22259.58 |
| Total Equity | 13178.86 |
| Share Outstanding | 4241143 |
| Price to Book Ratio | 2.65 |
| Return on Assets (%) | 5.61 |
| Return on Capital (%) | 8.9 |
| Particulars | MAR 2025 (Values in Cr) |
|---|---|
| Net Income | 2479.00 |
| Cash from Operations | 2460.29 |
| Cash from Investing | -2082.33 |
| Cash from Financing | 282.00 |
| Net change in Cash | 67.47 |
| Free Cash Flow | 3768.46 |
| Particulars | MAR 2024 (Values in Cr) |
|---|---|
| Net Income | 2787.42 |
| Cash from Operations | 4025.58 |
| Cash from Investing | -2382.04 |
| Cash from Financing | -868.22 |
| Net change in Cash | 53.10 |
| Free Cash Flow | 6189.08 |
| Particulars | MAR 2023 (Values in Cr) |
|---|---|
| Net Income | 1069.72 |
| Cash from Operations | 3083.24 |
| Cash from Investing | -1923.47 |
| Cash from Financing | -839.54 |
| Net change in Cash | -7.54 |
| Free Cash Flow | 6374.48 |
| Particulars | MAR 2022 (Values in Cr) |
|---|---|
| Net Income | 907.93 |
| Cash from Operations | -364.55 |
| Cash from Investing | 167.63 |
| Cash from Financing | 423.74 |
| Net change in Cash | 13.36 |
| Free Cash Flow | 1342.46 |
| Particulars | MAR 2021 (Values in Cr) |
|---|---|
| Net Income | 1736.84 |
| Cash from Operations | 4841.35 |
| Cash from Investing | -5086.22 |
| Cash from Financing | -249.68 |
| Net change in Cash | -1011.32 |
| Free Cash Flow | 5694.09 |
| Particulars | MAR 2025 (Values in Cr) |
|---|---|
| Net Income | 2419.90 |
| Cash from Operations | 3222.30 |
| Cash from Investing | -2107.32 |
| Cash from Financing | -523.47 |
| Net change in Cash | 7.90 |
| Free Cash Flow | 4521.04 |
| Particulars | MAR 2024 (Values in Cr) |
|---|---|
| Net Income | 2738.96 |
| Cash from Operations | 3935.19 |
| Cash from Investing | -2319.17 |
| Cash from Financing | -823.45 |
| Net change in Cash | 87.68 |
| Free Cash Flow | 6071.17 |
| Particulars | MAR 2023 (Values in Cr) |
|---|---|
| Net Income | 1119.20 |
| Cash from Operations | 2747.22 |
| Cash from Investing | -1927.85 |
| Cash from Financing | -456.74 |
| Net change in Cash | 32.06 |
| Free Cash Flow | 6027.63 |
| Particulars | MAR 2022 (Values in Cr) |
|---|---|
| Net Income | 879.16 |
| Cash from Operations | -450.23 |
| Cash from Investing | 175.72 |
| Cash from Financing | 490.84 |
| Net change in Cash | 9.21 |
| Free Cash Flow | 1240.53 |
| Particulars | MAR 2021 (Values in Cr) |
|---|---|
| Net Income | 1700.27 |
| Cash from Operations | 5196.99 |
| Cash from Investing | -5062.86 |
| Cash from Financing | -625.28 |
| Net change in Cash | -1000.87 |
| Free Cash Flow | 6039.94 |
| Company Name | Price | P/E | P/B | Market Cap | 52 Week Low/High |
|---|---|---|---|---|---|
| APOLLO TYRES LTD | 510.75 | 24.70 | 2.08 | 32437.78 | 368.00 / 550.25 |
| BALKRISHNA IND. LTD | 2348.05 | 32.90 | 4.34 | 45391.84 | 2157.20 / 2929.95 |
| CEAT LIMITED | 3732.10 | 28.80 | 3.30 | 15096.38 | 2322.05 / 4431.60 |
| JK TYRE & INDUSTRIES LTD | 455.30 | 22.84 | 2.38 | 12476.13 | 231.65 / 477.00 |
| Company Name | Price | P/E | P/B | Market Cap | 52 Week Low/High |
|---|---|---|---|---|---|
| APOLLO TYRES LTD | 510.75 | 42.04 | 3.00 | 32437.78 | 368.00 / 550.25 |
| BALKRISHNA IND. LTD | 2348.05 | 33.54 | 4.34 | 45391.84 | 2157.20 / 2929.95 |
| CEAT LIMITED | 3732.10 | 26.77 | 3.33 | 15096.38 | 2322.05 / 4431.60 |
| GOODYEAR INDIA LTD. | 853.15 | 47.40 | 3.44 | 1968.22 | 806.00 / 1071.00 |
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Choose a Plan That Suits Your Goals and Needs
| Dividend date | Dividend amount | Dividend type | Record date | Instrument type |
|---|---|---|---|---|
| 21 Nov 2025 | 3.0 | Interim | 21 Nov 2025 | Equity shares |
| 18 Jul 2025 | 229.0 | Final | 18 Jul 2025 | Equity shares |
| 14 Feb 2025 | 3.0 | Interim 2 | 14 Feb 2025 | Equity shares |
| 19 Nov 2024 | 3.0 | Interim | 19 Nov 2024 | Equity shares |
| 25 Jul 2024 | 194.0 | Final | 26 Jul 2024 | Equity shares |
| 21 Feb 2024 | 3.0 | Interim 2 | 21 Feb 2024 | Equity shares |
| 17 Nov 2023 | 3.0 | Interim | 17 Nov 2023 | Equity shares |
| 20 Jul 2023 | 169.0 | Final | 21 Jul 2023 | Equity shares |
| 21 Feb 2023 | 3.0 | Interim 2 | 21 Feb 2023 | Equity shares |
| 17 Nov 2022 | 3.0 | Interim | 18 Nov 2022 | Equity shares |
| 27 Jul 2022 | 144.0 | Final | 29 Jul 2022 | Equity shares |
| 17 Feb 2022 | 3.0 | Interim 2 | 18 Feb 2022 | Equity shares |
| 17 Nov 2021 | 3.0 | Interim | 19 Nov 2021 | Equity shares |
| 04 Aug 2021 | 50.0 | Special | 06 Aug 2021 | Equity shares |
| 04 Aug 2021 | 94.0 | Final | 06 Aug 2021 | Equity shares |
| 17 Feb 2021 | 3.0 | Interim 2 | 19 Feb 2021 | Equity shares |
| 18 Nov 2020 | 3.0 | Interim | 19 Nov 2020 | Equity shares |
| 14 Sep 2020 | 94.0 | Final | 16 Sep 2020 | Equity shares |
| 18 Feb 2020 | 3.0 | Interim 2 | 21 Feb 2020 | Equity shares |
| 21 Nov 2019 | 3.0 | Interim | 22 Nov 2019 | Equity shares |
| 01 Aug 2019 | 54.0 | Final | 03 Aug 2019 | Equity shares |
| 15 Feb 2019 | 3.0 | Interim 2 | 19 Feb 2019 | Equity shares |
| 19 Nov 2018 | 3.0 | Interim | 20 Nov 2018 | Equity shares |
| 01 Aug 2018 | 54.0 | Final | 03 Aug 2018 | Equity shares |
| 09 Feb 2018 | 3.0 | Interim 2 | 13 Feb 2018 | Equity shares |
| 21 Nov 2017 | 3.0 | Interim | 22 Nov 2017 | Equity shares |
| 27 Jul 2017 | 54.0 | Final | 29 Jul 2017 | Equity shares |
| 14 Feb 2017 | 3.0 | Interim 2 | 15 Feb 2017 | Equity shares |
| 08 Nov 2016 | 3.0 | Interim | 09 Nov 2016 | Equity shares |
| 03 Aug 2016 | 94.0 | Final | 05 Aug 2016 | Equity shares |
| 10 Nov 2015 | 3.0 | Interim 2 | 13 Nov 2015 | Equity shares |
| 06 Aug 2015 | 3.0 | Interim | 07 Aug 2015 | Equity shares |
| 04 Feb 2015 | 44.0 | Final | 06 Feb 2015 | Equity shares |
| 13 Nov 2014 | 3.0 | Interim 2 | 14 Nov 2014 | Equity shares |
| 06 Aug 2014 | 3.0 | Interim | 07 Aug 2014 | Equity shares |
| 30 Jan 2014 | 24.0 | Final | 01 Feb 2014 | Equity shares |
| 05 Nov 2013 | 3.0 | Interim 2 | 06 Nov 2013 | Equity shares |
| 06 Aug 2013 | 3.0 | Interim | 07 Aug 2013 | Equity shares |
| 30 Jan 2013 | 19.0 | Final | 01 Feb 2013 | Equity shares |
| 07 Nov 2012 | 3.0 | Interim 2 | 08 Nov 2012 | Equity shares |
| 06 Aug 2012 | 3.0 | Interim | 07 Aug 2012 | Equity shares |
| 30 Jan 2012 | 19.0 | Final | 01 Feb 2012 | Equity shares |
| 02 Nov 2011 | 3.0 | Interim 2 | 03 Nov 2011 | Equity shares |
| 09 Aug 2011 | 3.0 | Interim | 10 Aug 2011 | Equity shares |
| 28 Jan 2011 | 25.0 | Special | 01 Feb 2011 | Equity shares |
| 28 Jan 2011 | 19.0 | Final | 01 Feb 2011 | Equity shares |
| 02 Nov 2010 | 3.0 | Interim 2 | 03 Nov 2010 | Equity shares |
| 06 Aug 2010 | 3.0 | Interim | 09 Aug 2010 | Equity shares |
| 25 Feb 2010 | 19.0 | Final | 01 Mar 2010 | Equity shares |
| 05 Nov 2009 | 3.0 | Interim 2 | 07 Nov 2009 | Equity shares |
| 06 Aug 2009 | 3.0 | Interim | 07 Aug 2009 | Equity shares |
| 06 Mar 2009 | 14.0 | Final | 10 Mar 2009 | Equity shares |
| 06 Nov 2008 | 3.0 | Interim 2 | 07 Nov 2008 | Equity shares |
| 08 Aug 2008 | 3.0 | Interim | 11 Aug 2008 | Equity shares |
| 05 Mar 2008 | 14.0 | Final | 10 Mar 2008 | Equity shares |
| 07 Nov 2007 | 3.0 | Interim 2 | 09 Nov 2007 | Equity shares |
| 10 Aug 2007 | 3.0 | Interim | 13 Aug 2007 | Equity shares |
| 09 Mar 2007 | 0.0 | Final | 13 Mar 2007 | Equity shares |
| 14 Nov 2006 | 0.0 | Interim | 15 Nov 2006 | Equity shares |
| 10 Mar 2006 | 0.0 | Final | 14 Mar 2006 | Equity shares |
| 31 Oct 2005 | 0.0 | Interim 2 | 03 Nov 2005 | Equity shares |
| 01 Aug 2005 | 0.0 | Interim | 02 Aug 2005 | Equity shares |
| Dividend date | Dividend amount | Dividend type | Record date | Instrument type |
|---|---|---|---|---|
| 21 Nov 2025 | 3.0 | Interim | 21 Nov 2025 | Equity shares |
| 18 Jul 2025 | 229.0 | Final | 18 Jul 2025 | Equity shares |
| 14 Feb 2025 | 3.0 | Interim 2 | 14 Feb 2025 | Equity shares |
| 19 Nov 2024 | 3.0 | Interim | 19 Nov 2024 | Equity shares |
| 25 Jul 2024 | 194.0 | Final | 26 Jul 2024 | Equity shares |
| 21 Feb 2024 | 3.0 | Interim 2 | 21 Feb 2024 | Equity shares |
| 17 Nov 2023 | 3.0 | Interim | 17 Nov 2023 | Equity shares |
| 20 Jul 2023 | 169.0 | Final | 21 Jul 2023 | Equity shares |
| 21 Feb 2023 | 3.0 | Interim 2 | 21 Feb 2023 | Equity shares |
| 17 Nov 2022 | 3.0 | Interim | 18 Nov 2022 | Equity shares |
| 27 Jul 2022 | 144.0 | Final | 29 Jul 2022 | Equity shares |
| 17 Feb 2022 | 3.0 | Interim 2 | 18 Feb 2022 | Equity shares |
| 17 Nov 2021 | 3.0 | Interim | 19 Nov 2021 | Equity shares |
| 04 Aug 2021 | 50.0 | Special | 06 Aug 2021 | Equity shares |
| 04 Aug 2021 | 94.0 | Final | 06 Aug 2021 | Equity shares |
| 17 Feb 2021 | 3.0 | Interim 2 | 19 Feb 2021 | Equity shares |
| 18 Nov 2020 | 3.0 | Interim | 19 Nov 2020 | Equity shares |
| 14 Sep 2020 | 94.0 | Final | 16 Sep 2020 | Equity shares |
| 18 Feb 2020 | 3.0 | Interim 2 | 21 Feb 2020 | Equity shares |
| 21 Nov 2019 | 3.0 | Interim | 22 Nov 2019 | Equity shares |
| 01 Aug 2019 | 54.0 | Final | 03 Aug 2019 | Equity shares |
| 15 Feb 2019 | 3.0 | Interim 2 | 19 Feb 2019 | Equity shares |
| 19 Nov 2018 | 3.0 | Interim | 20 Nov 2018 | Equity shares |
| 01 Aug 2018 | 54.0 | Final | 03 Aug 2018 | Equity shares |
| 09 Feb 2018 | 3.0 | Interim 2 | 13 Feb 2018 | Equity shares |
| 21 Nov 2017 | 3.0 | Interim | 22 Nov 2017 | Equity shares |
| 27 Jul 2017 | 54.0 | Final | 29 Jul 2017 | Equity shares |
| 14 Feb 2017 | 3.0 | Interim 2 | 15 Feb 2017 | Equity shares |
| 08 Nov 2016 | 3.0 | Interim | 09 Nov 2016 | Equity shares |
| 03 Aug 2016 | 94.0 | Final | 05 Aug 2016 | Equity shares |
| 10 Nov 2015 | 3.0 | Interim 2 | 13 Nov 2015 | Equity shares |
| 06 Aug 2015 | 3.0 | Interim | 07 Aug 2015 | Equity shares |
| 04 Feb 2015 | 44.0 | Final | 06 Feb 2015 | Equity shares |
| 13 Nov 2014 | 3.0 | Interim 2 | 14 Nov 2014 | Equity shares |
| 06 Aug 2014 | 3.0 | Interim | 07 Aug 2014 | Equity shares |
| 30 Jan 2014 | 24.0 | Final | 01 Feb 2014 | Equity shares |
| 05 Nov 2013 | 3.0 | Interim 2 | 06 Nov 2013 | Equity shares |
| 06 Aug 2013 | 3.0 | Interim | 07 Aug 2013 | Equity shares |
| 30 Jan 2013 | 19.0 | Final | 01 Feb 2013 | Equity shares |
| 07 Nov 2012 | 3.0 | Interim 2 | 08 Nov 2012 | Equity shares |
| 06 Aug 2012 | 3.0 | Interim | 07 Aug 2012 | Equity shares |
| 30 Jan 2012 | 19.0 | Final | 01 Feb 2012 | Equity shares |
| 02 Nov 2011 | 3.0 | Interim 2 | 03 Nov 2011 | Equity shares |
| 09 Aug 2011 | 3.0 | Interim | 10 Aug 2011 | Equity shares |
| 28 Jan 2011 | 25.0 | Special | 01 Feb 2011 | Equity shares |
| 28 Jan 2011 | 19.0 | Final | 01 Feb 2011 | Equity shares |
| 02 Nov 2010 | 3.0 | Interim 2 | 03 Nov 2010 | Equity shares |
| 06 Aug 2010 | 3.0 | Interim | 09 Aug 2010 | Equity shares |
| 25 Feb 2010 | 19.0 | Final | 01 Mar 2010 | Equity shares |
| 05 Nov 2009 | 3.0 | Interim 2 | 07 Nov 2009 | Equity shares |
| 06 Aug 2009 | 3.0 | Interim | 07 Aug 2009 | Equity shares |
| 06 Mar 2009 | 14.0 | Final | 10 Mar 2009 | Equity shares |
| 06 Nov 2008 | 3.0 | Interim 2 | 07 Nov 2008 | Equity shares |
| 08 Aug 2008 | 3.0 | Interim | 11 Aug 2008 | Equity shares |
| 05 Mar 2008 | 14.0 | Final | 10 Mar 2008 | Equity shares |
| 07 Nov 2007 | 3.0 | Interim 2 | 09 Nov 2007 | Equity shares |
| 10 Aug 2007 | 3.0 | Interim | 13 Aug 2007 | Equity shares |
| 09 Mar 2007 | 0.0 | Final | 13 Mar 2007 | Equity shares |
| 14 Nov 2006 | 0.0 | Interim | 15 Nov 2006 | Equity shares |
| 10 Mar 2006 | 0.0 | Final | 14 Mar 2006 | Equity shares |
| 31 Oct 2005 | 0.0 | Interim 2 | 03 Nov 2005 | Equity shares |
| 01 Aug 2005 | 0.0 | Interim | 02 Aug 2005 | Equity shares |
MRF’s revenue stood at ₹7,676 crore in Q1 FY26, compared to ₹7,196 crore in Q1 FY25. Operating profit in Q1 FY25-26 was ₹1,071 crore versus ₹1,160 crore in Q1 FY24-25. Net profit came in at ₹500 crore in Q1 FY25-26, slightly lower than ₹571 crore in Q1 FY24-25. These results reflect MRF’s operating performance and financial outcome for the quarter ended 30 June 2025.
Date Source: screener.in, and corporate filings on NSE/BSE
Sales were ₹28,152 crore in FY24-25, compared with ₹25,169 crore in FY23-24. Operating profit stood at ₹4,095 crore in FY 24-25 versus ₹4,272 crore in FY23-24, with margins at 15% in FY24-25 against 17% in FY24-25. Net profit came in at ₹1,869 crore in FY24-25 compared with ₹2,081 crore in FY23-24. These consolidated results indicate MRF’s yearly business performance and provide a reference point for assessing its operational and financial outcomes.
Date Source: screener.in, and corporate filings on NSE/BSE
MRF declared a dividend of ₹229 per share with an ex-date of 18 July 2025. Earlier in the year, an interim dividend of ₹3 per share was paid on 14 February 2025, following another interim dividend of ₹3 per share on 19 November 2024. In FY24, the company announced ₹194 per share with an ex-date of 25 July 2024. These payouts reflect MRF’s dividend distribution policy.
Date Source: screener.in, and corporate filings on NSE/BSE
MRF Limited is a leading tyre manufacturer and ranks among the top 20 globally. It began with modest operations and, over time, expanded into a network of 10 factories across the country. Its portfolio spans two-wheeler tyres, heavy-duty radials, and even aviation products.
The story starts in 1946 when K M Mammen Mappillai started a small unit in Madras to manufacture small toy balloons. Few envisioned that this small toy balloon manufacturer would become a dominant player in the local tyre market. The firm became a public limited company by 1960 and transitioned into a manufacturer of automotive tyres and tubes
The 1980s opened a period of collaborations and technical upgrades. In 1980, MRF struck a pact with B. F. Goodrich, which led to a sharper focus on quality and new product development. This period saw the introduction of Nylogrip tyres for two-wheelers, and later Legend, a nylon tyre in the premium car segment. By this stage, the company had moved well beyond domestic basics, chasing higher-value niches.
Expansion was not limited to tyres. In 1989, MRF teamed up with Hasbro to launch Funskool, venturing into toys once again, but at scale. Around the same time, it collaborated with Vapocure of Australia for paints and Pirelli for conveyor belting. The 1990s also brought capacity moves — a factory dedicated to radials was set up in Pondicherry in 1996. Recognition followed: in 1999, Business World named it India’s most ethical company, reflecting the stature it had built.
The 2000s added a motorsport dimension. MRF tied up with Maruti Udyog in 2004 to promote racing in India. Product diversification widened further, with go-kart and rally tyres rolled out alongside the core two- and three-wheeler lines. Export performance was strong enough to win awards from CAPEXIL and AIRIA. By 2007, it had entered the premium truck segment with the Super Lug 50-FS, and a year later, it signed an MoU with Tamil Nadu for new investment at Perambalur. Installed capacity expanded rapidly, crossing 31 million units of tyres and tubes by 2010.
The following decade deepened MRF’s focus on radial technology and high-performance categories. Products such as Meteor, Steel Muscle, and later ZLO marked its push into specialised applications. In 2011, it hived off the coatings business into a subsidiary while commissioning its eighth plant at Trichy. A ninth plant followed in 2012, underscoring the pace of expansion. Around 2015, MRF committed to invest ₹4,500 crore in Tamil Nadu plants, funded through accruals and debt.
Financial conservatism also arose in other sectors. In 2016, ICRA upgraded its non-convertible debentures from AA+ to AAA, meaning it was creditworthy. In 2017, MRF signed an MoU with Gujarat to build a new large manufacturing base, which expanded its geographic footprint.
Subsidiaries were added along the way, both domestic and overseas. By 2020, MRF Corp, MRF International, MRF Lanka, and MRF SG were part of the structure. The 75th anniversary in 2021, represented in balloons in 1946, was a momentous occasion for the transformation to an industrial group with diversification. There were new product releases throughout 2022 and 2023, including Markus tyres for luxury SUVs, new fits for two-wheelers, and new tyres for electric scooters.
By 2024, MRF was catering to the surge in 100 cc motorcycles and had pushed into high-performance motorcycle radials under the Steel Brace brand. Farm radials made their debut at Agritechnica in Germany, signalling ambitions beyond India.
Today, MRF balances its domestic leadership with a growing international footprint. The company’s DNA remains focused on engineering and capacity expansion, but product sophistication has risen steadily. From mass commuter tyres to UHP radials, MRF now plays across the spectrum. Its future remains tied to demand cycles in autos, raw material trends, and the ability to innovate for both traditional vehicles and the growing electric segment. The long road from toy balloons to top-tier tyres shows a company that has consistently reinvested, adapted, and found relevance across decades.
Who is the CEO of MRF?
The CEO of MRF is responsible for steering the company’s strategic vision and ensuring its operational success. Under the CEO’s leadership, MRF has achieved consistent growth in the tyre manufacturing sector, which has positively influenced the MRF share price. The CEO’s role is pivotal in maintaining MRF’s market leadership and driving innovation in its products and services, making the company a key player in the automotive industry.
When was MRF established?
MRF was established several decades ago, marking its entry into the tyre manufacturing industry. Since its inception, MRF has grown into a leading player in the sector, contributing to the positive movement of the MRF share price. Over the years, the company has expanded its operations globally, becoming one of the most recognisable names in the automotive industry. MRF’s establishment has laid the foundation for its current success and continued market presence.
What factors influence the MRF share price?
Several factors influence the MRF share price, including the company’s financial performance, revenue growth, and market demand for tyres. Internal factors such as profit margins, cost management, and operational efficiency also play a significant role. Additionally, external factors like raw material prices, economic conditions, and industry trends impact the share price. Investors closely monitor these factors to assess potential movements in the MRF share price and make informed investment decisions.
Is MRF debt free?
MRF is not entirely debt-free, but it maintains a manageable level of debt that supports its growth and expansion plans. The company’s financial reports reflect that its debt is under control and does not pose significant risks to its operational stability. This balanced approach to debt management positively influences investor confidence and the MRF share price, as the company ensures financial stability while pursuing growth opportunities.
How has the MRF share price performed over the past year?
The MRF share price has experienced moderate fluctuations over the past year, influenced by the company’s financial performance and broader market conditions. Despite some volatility, the share price has remained relatively stable, driven by strong financial results and consistent demand for MRF’s products. Overall, the MRF share price has shown resilience in a competitive market, with investors continuing to monitor the company’s performance and strategic initiatives closely.
MRF Limited is India's largest tyre manufacturer and ranked amongst the top 20 Global Manufacturers with 10 state-of-the-art factories across India with an expansive tyre range from two-wheelers to fighter aircrafts. The company's manufacturing facilities are located at Trichy, Tiruvottiyur and Arakonam in Tamil Nadu, Kottayam in Kerala, Ponda in Goa, Medak in Andhra Pradesh and Union Territory of Pondicherry. The Company is the ultimate parent of MRF Group.
MRF Ltd was established in the year 1946 by K M Mammen Mappillai as a small toy ballon unit. Much later on November 05, 1960, the Company converted into Public Limited after which it started manufacture of automotive tyres and tubes. In the year 1964, the Company commissioned their main plant. Also, they established an overseas office at Beirut, Lebanon to tap the export market. In the year 1967, the Company became the first Indian company to export tyres to USA.
In the year 1980, the company entered into a technical collaboration with the B. F. Goodrich Tyre Company, USA that paved the way to a significant exercise in new product development and quality improvement. They introduced Nylogrip tyres for two-wheeler vehicles and also introduced Legend, a premium segment nylon car tyre in the year 1985 and 1987 respectively.
In 1989 the company collaborated with Hasbro International USA, the world's largest toy maker and launched Funskool India. Also, they entered into a pact with Vapocure of Australia to manufacture polyurethane paint formulations and with Pirelli for MUSCLEFLEX conveyor and elevator belting. In the year 1996, they set up a factory dedicated entirely for the manufacture of radial tyres at Pondicherry. In the year 1999, the company was selected as the most ethical company in India by 'Business World' magazine.
In the year 2004, the company made a tie up with Maruti Udyog to boost motorsports in India. During the year 2004-05, the product range of the company expanded with Go-kart & Rally tyres and tyres for two/three wheelers. The company received the TOP Export Awards from CAPEXIL as well as AIRIA for the period ended 2005.
In the year 2007, the company launched premium truck tyre Super Lug 50-FS. In May 2008, the company signed the memorandum of understanding (MoU) with government of Tamil Nadu for the new MRF plant to be located at Perambulur and also for expansion of their existing plants in Tamil Nadu.
During the year 2009-10, the company increased the installed capacity of Automobile Tyres from 28,450,000 Nos to 31,700,000 Nos. Also, they increased the installed capacity of Automobile Tubes from 29,700,000 Nos to 31,600,000 Nos. They launched two popular tyres, namely MRF Meteor, a bike tyre for both tarmac and dirt; and the MRF Steel Muscle S3K4 truck radials for better mileage on diverse road conditions. Also, they completed the Ankenpally project at Medak district, Andhra Pradesh.
During the year, the company won the All India Rubber Industries Association's (AIRIA) award for 'Highest Export Awards (Auto Tyre Sector)' category and 'Top Export Award' from Chemicals & Allied Products Export Promotion Council (CAPEXIL) for 2009-10.
During the year 2010-11, the company launched new products namely MRF Z.L.O, MRF Meteor M and MRF Steel Muscle 53C8. The company hived off the Speciality Coatings division to MRF Corp Ltd, a 100% subsidiary of the company with effect from April 1, 2011. Also, the company won the All India Rubber Industries Association's (AIRIA) award for 'Highest Export Awards (Auto Tyre Sector)' category and 'Top Export Award' from Chemicals & Allied Products Export Promotion Council (CAPEXIL) for 2010-11. In 2011, MRF commissioned its 8th plant for the production of conventional tyres in Trichy, Tamil Nadu.
In 2012, MRF commissioned its 9th plant in Trichy, Tamil Nadu solely for the manufacture of Radial Tyres.
In 2015, the Company has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to invest not less than Rs 4500 crore in Tamil Nadu in its plants at Perambalur and Arakonam in Tamil Nadu over a period of 7 years. The company gets a place in The Forbes India's Super 50 list of Indian Companies.
On 22 July 2016, MRF announced that credit rating agency ICRA Limited has upgraded the Credit Rating for the company's Non-Convertible Debenture (NCD) Programme in their yearly surveillance from [ICRA] AA+ (pronounced as ICRA double A plus) to [ICRA] AAA (pronounced as ICRA triple A) for Non-Convertible Debentures of Rs 500 crore issued in 2011.
On 11 January 2017, MRF signed a Memorandum of Understanding (MoU) with the Government of Gujarat expressing its in-principle intention to set up a new manufacturing facility in Gujarat for manufacture of automotive tyres, tubes, flaps and related products. The Company proposes to invest a sum of about Rs 4500 crores over a ten year period in a phased manner. The new plant is planned to be set up in Gujarat with the intention of broad basing the Company's manufacturing facilities across India. The project will be funded by internal accruals and/or debt.
During the year 2017-18,the company has been awarded the Highest Export Award 2016-17, by All India Rubber Industries Association (AIRIA). The product Perfinza by MRF also received the prestigious 2018 Product of the Year Award from Car India magazine. MRF also received the 2018 Corporate Award in the tyres category from DUN & BRADSTREET.
During the FY2019, the Company was awarded top honours in the J.D. Power 2018 Passenger Radial Study for the 13th time - a feat without precedent or parallel. Your Company has also been ranked no.1 in Customer Satisfaction in the Inaugural J.D. Power 2018 India Tractor Tyre Satisfaction Index (TTSI) Study which validates your company's position in the Indian Market as the most preferred Farm Tyre Brand amongst Tractor owners.
As on 31 March 2020,the company has two Indian and two overseas subsidiary companies namely,i. MRF Corp Limited,ii. MRF International Limited,iii. MRF Lanka (P) Ltd,iv. MRF SG PTE. LTD.
The year 2021 also marked the completion of 75 years of establishment of Madras Rubber Factory (which was originally established in 1946 as a proprietorship concern for manufacture of toy balloons). Madras Rubber Factory later took up manufacture of tread rubber at which time it was converted into a partnership concern.
In year 2022, the Company launched MRF Markus of tyres for Luxury SUV's on the Skoda Kodiaq and the Mahindra Alturas. It launched Zapper C1 TL, Zapper V TL, REVZ MG TL, MRK-X Plus N20 TT, MRK- E3 for the two-wheeler tyre. The greenfield site at Aanambakkam near
Chengalpattu started trial production of Solvent Based products.
During the year 2022-23, the Company introduced new sizes MRF Perfinza, series of tyres for Audi, BMW, Jaguar, Mercedes-Benz and Volvo cars, introduced new sizes for the brand MRF Markus for the premium SUV's of Audi, BMW, Mercedes-Benz, Volvo, Jeep, Hyundai and VW. MRF Citibus was introduced exclusively for the Force Traveller and Toyota Innova for Passenger Car Tyres. In the Two Wheeler Tyres, Block pattern rear tube-type tyre was developed for Royal Enfield Classic 350; Tubeless rear tyre for Yamaha Fascino125 BS6 scooter; Tubeless tyre developed for Electric Scooters. In the Commercial Vehicle Tyre, it launched MRF Super Miler 99 Plus, MRF Super Lug Fifty Plus R brand, MRF Savari Extra.
The year 2024, saw the entry of one of the prominent OEMs into the 100 cc motorcycle segment. Many OEMs increased their fitment of
our tyres on their existing models also. The Company launched W' rated Steel belted motorcycle radial tyres for the high performance segment, under the brand name Steel Brace'. Further, it launched a range of farm radial tyres at the Agritechnica show in Hanover, Germany in November, 2023.
MRF launched a 20' Ultra High Performance (UHP) tyre for the first time in India engineered with Acoustic Foam Technology (AFT) for low noise in FY 2025. Savari Lug Extra was launched as a premium addition to the existing Savari Lug Star range.
MRF Ltd share price is for NSE ₹ 1,52,550.00 & for BSE ₹ 1,52,153.50 as on Dec 12 2025 03:30 PM.
The market cap of MRF Ltd for NSE ₹ 64,698.63 & for BSE ₹ 64,530.47 as on Dec 12 2025 03:30 PM.
The 52 Week High and Low of MRF Ltd for NSE is ₹ 1,63,600.00 and ₹ 1,02,124.05 and for BSE is ₹ 1,63,500.00 and ₹ 1,00,500.00.
The 1 year returns on the stock has been 15.68%.
As on Dec 12 2025 03:30 PM the price-to-earnings (PE) ratio for MRF Ltd share is 35.92.
As on Dec 12 2025 03:30 PM, the price-to-book (PB) ratio for MRF Ltd share is 45018.55.
You can trade in MRF Ltd shares with Bajaj Broking by opening a demat account.
To buy MRF Ltd shares on the Bajaj Broking app, follow these steps:
• Login to the Bajaj Broking App
• Click on the Search Icon
• Search “MRF Ltd”
• Click on the BUY icon
• Place a buy order specifying the desired quantity of shares.
• Click BUY again to complete the purchase
The CEO of MRF is responsible for steering the company’s strategic vision and ensuring its operational success. Under the CEO’s leadership, MRF has achieved consistent growth in the tyre manufacturing sector, which has positively influenced the MRF share price. The CEO’s role is pivotal in maintaining MRF’s market leadership and driving innovation in its products and services, making the company a key player in the automotive industry.
MRF was established several decades ago, marking its entry into the tyre manufacturing industry. Since its inception, MRF has grown into a leading player in the sector, contributing to the positive movement of the MRF share price. Over the years, the company has expanded its operations globally, becoming one of the most recognisable names in the automotive industry. MRF’s establishment has laid the foundation for its current success and continued market presence.
Several factors influence the MRF share price, including the company’s financial performance, revenue growth, and market demand for tyres. Internal factors such as profit margins, cost management, and operational efficiency also play a significant role. Additionally, external factors like raw material prices, economic conditions, and industry trends impact the share price. Investors closely monitor these factors to assess potential movements in the MRF share price and make informed investment decisions.
MRF is not entirely debt-free, but it maintains a manageable level of debt that supports its growth and expansion plans. The company’s financial reports reflect that its debt is under control and does not pose significant risks to its operational stability. This balanced approach to debt management positively influences investor confidence and the MRF share price, as the company ensures financial stability while pursuing growth opportunities.
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Bajaj Financial Securities Limited is engaged in the business of Stock Broking and as a Depository Participant.Bajaj Financial Securities Limited does not provide any advisory services to its clients. Bajaj Financial Securities Limited may share updates from time to time (through various electronic communication modes) which are sourced from public domain and the same are NOT to be construed as any advice or recommendation from Bajaj Financial Securities Limited. Client is requested to independently evaluate and/or consult their professional advisors before arriving at any conclusion to make any investment. The decision to invest shall be the sole responsibility of the Client and shall not hold Bajaj Financial Securities Limited, its employees and associates responsible for any losses, damages of any type whatsoever.
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BSE Ltd. is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.
Personal Loan, Fixed Deposit, EMI Card are provided by Bajaj Finance Limited. Bajaj Financial Securities Limited is only a distributor. These are not exchange traded products and all disputes with respect to the distribution activity, would not have access to exchange investor redressal forum or Arbitration mechanism.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.
Please Note:
Client Registration Documents (Rights & Obligations, Risk Disclosure Document, Do's & Don'ts) in Vernacular Language: BSE | NSE
If the client wishes to revoke /cancel the EDIS mandate placed by them, they can write on email to connect@bajajbroking.in or call on the toll free number.
Advisory for Investors : NSE | BSE
We also do pro-account trading in Equity & Derivatives Segment.
A. Register on SCORES portal B. Mandatory details for filling complaints on SCORES (i) Name, PAN, Address, Mobile Number, E-mail ID C. Benefits: (i) Effective Communication (ii) Speedy redressal of the grievances.
SEBI Registration No.: INZ000218931 | BSE Cash/CDS/F&O (Member ID: 6706) | NSE Cash/F&O/CDS (Member ID: 90177) | DP registration No : IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN – 163403 Research Analyst SEBI Registration No. INH000010043
Mr. Boudhayan Ghosh
TEL: 020-48574486
Email: compliance_sec@bajajbroking.in, for any investor grievances write to compliance_sec@bajajbroking.in for DP related to Compliance_dp@bajajbroking.in .
Investments in the securities market are subject to market risk, read all related documents carefully before investing.
Reg Office: Bajaj Auto Limited Complex, Mumbai –Pune Road Akurdi Pune 411035. Corporate Office: Bajaj Financial Securities Limited, 1st Floor, Mantri IT Park, Tower B, Unit No 9 & 10, Viman Nagar, Pune, Maharashtra 411014. SEBI Registration No.: INZ000218931 | BSE Cash/F&O/CDS (Member ID:6706) | NSE Cash/F&O/CDS (Member ID: 90177) | DP registration No: IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN –163403.
Website: Bajaj Broking
Broking services offered by Bajaj Financial Securities Limited | Registered Office: Bajaj Auto Limited Complex , Mumbai –Pune Road Akurdi Pune 411035 | Corporate Office: Bajaj Financial Securities Limited, 1st Floor, Mantri IT Park, Tower B, Unit No 9 & 10, Viman Nagar, Pune, Maharashtra 411014 | CIN: U67120PN2010PLC136026 | Research Analyst SEB I Registration No: INH000010043.
Details of Compliance Officer:
Mr. Boudhayan Ghosh (For Broking/DP/Research)
Email: compliance_sec@bajajbroking.in
Contact No.: 020-4857 4486
Investment in the securities involves risks, investor should consult his own advisors/consultant to determine the merits and risks of investment.
Disclosures under the provisions of SEBI (Research Analysts) Regulations 2014 (Regulations)
Bajaj Financial Securities Limited ("Bajaj Broking" or "Research Entity") is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities. There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. This research report has been prepared and distributed byBajaj Financial Securities Limited in the capacity of a Research Analyst as per Regulation 22(1) of SEBI (Research Analysts) Regulations 2014 having SEBI Registration No. INH000010043.
This e-mail/ short message service (SMS) may contain confidential, proprietary or legally privileged information. It should not be used by anyone who is not the original intended recipient. If you have erroneously received this message, please delete it immediately and notify the sender. The recipient acknowledges thatBajaj Financial Securities Limited or its holding and/or associated companies, as the case may be, are unable to exercise control or ensure or guarantee the integrity of/over the contents of the information contained in e-mail /SMS transmissions and further acknowledges that any views expressed in this message are those of the individual sender and no binding nature of the message shall be implied or assumed unless the sender does so expressly with due authority of Bajaj Financial Securities Limited. This message is not intended as an offer or publication or solicitation for distribution for subscription of or purchase or sale of any securities or financial instrument(s) to anyone in whose jurisdiction such subscription etc. requires prior local regulatory clearance or is contrary to the local laws of the land in any manner or as an official confirmation of any transaction. Before opening any attachments, please check them for viruses and defects.
This service / information is strictly confidential and is being furnished to you solely for your information. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose unless otherwise expressly authorised. This service / information is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subjectBajaj Financial Securities Limited and affiliates/ group/holding companies to any registration or licensing requirements within such jurisdiction. The distribution of this document in certain jurisdictions may be restricted by law, and persons in whose possession this document comes, should inform themselves about and observe any such restrictions.
The data would be provided to the clients on an "as is" and "where-is" basis, without any warranty. Bajaj Financial Securities Limited or its subsidiaries and associated companies shall not be liable for any delay or any other interruption which may occur in providing the data due to any reason including network (Internet) reasons or snags in the system, breakdown of the system or any other equipment, server breakdown, maintenance shutdown, breakdown of communication services or inability of the Bajaj Financial Securities Limited or its subsidiaries and associated companies to provide the data. In no event shall the Bajaj Financial Securities Limited or its holding and associated companies be liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection with the data provided by the Bajaj Financial Securities Limited or its holding and associated companies.
Bajaj Financial Securities Limited is not a registered broker-dealer under the U.S. Securities Exchange Act of 1934, as amended (the"1934 act") and under applicable state laws in the United States. In addition, Bajaj Financial Securities Limited is not a registered investment adviser under the U.S. Investment Advisers Act of 1940, as amended (the "Advisers Act" and together with the 1934 Act, the "Acts), and under applicable state laws in the United States. Accordingly, in the absence of specific exemption under the Acts, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for U.S. persons. This email message does not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services and/or shall not be considered as an advertisement tool. "U.S. Persons" are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US Citizens living abroad may also be deemed "US Persons" under certain rules.
Bajaj Financial Securities Limited is not a registered adviser or dealer under applicable Canadian securities laws nor has it obtained an exemption from the adviser and/or dealer registration requirements under such law. Accordingly, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for Canadian persons.
This mailer and its respective contents do not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services.
Bajaj Financial Securities Limited ("Bajaj Broking" or "Research Entity") is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities.
This Report has been prepared by Bajaj Financial Securities Limited in the capacity of a Research Analyst having SEBI Registration No. INH000010043 and distributed as per SEBI (Research Analysts) Regulations 2014. This report does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information contained herein is from publicly available data or other sources believed to be reliable. This report is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this report should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult his own advisors to determine the merits and risks of such investment. The investment discussed or views expressed may not be suitable for all investors.
This information is strictly confidential and is being furnished to you solely for your information. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject Bajaj Financial Securities Limited and associates / group companies to any registration or licensing requirements within such jurisdiction. The distribution of this report in certain jurisdictions may be restricted by law, and persons in whose possession this report comes, should observe, any such restrictions. The information given in this report is as of the date of this report and there can be no assurance that future results or events will be consistent with this information. This information is subject to change without any prior notice. Bajaj Financial Securities Limited reserves the right to make modifications and alterations to this statement as may be required from time to time. Bajaj Financial Securities Limited or any of its associates / group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Bajaj Financial Securities Limited is committed to providing independent and transparent recommendation to its clients. Neither Bajaj Financial Securities Limited nor any of its associates, group companies, directors, employees, agents or representatives shall be liable for any damages whether direct, indirect, special or consequential including loss of revenue or lost profits that may arise from or in connection with the use of the information. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. Past performance is not necessarily a guide to future performance .The disclosures of interest statements incorporated in this report are provided solely to enhance the transparency and should not be treated as endorsement of the views expressed in the report. The information provided in these reports remains, unless otherwise stated, the copyright of Bajaj Financial Securities Limited. All layout, design, original artwork, concepts and other Intellectual Properties, remains the property and copyright of Bajaj Financial Securities Limited and may not be used in any form or for any purpose whatsoever by any party without the express written permission of the copyright holders.
We offer our research services to clients as well as our prospects. Though this report is disseminated to all the customers simultaneously, not all customers may receive this report at the same time. We will not treat recipients as customers by virtue of their receiving this report.
Bajaj Financial Securities Limited and its associates, officer, directors, and employees, research analyst (including relatives) worldwide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company(ies), mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the subject company/company(ies) discussed herein or act as advisor or lender/borrower to such company(ies) or have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance. Bajaj Financial Securities Limited may have proprietary long/short position in the above-mentioned scrip(s) and therefore should be considered as interested. The views provided herein are general in nature and do not consider risk appetite or investment objective of any particular investor; readers are requested to take independent professional advice before investing. This should not be construed as invitation or solicitation to do business with Bajaj Financial Securities Limited.
Bajaj Financial Securities Limited or its associates may have received compensation from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have managed or co-managed public offering of securities for the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received compensation for investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report. Research analyst or his/her relative or Bajaj Financial Securities Limited’s associates may have financial interest in the subject company. Bajaj Financial Securities Limited, its associates, research analyst and his/her relative may have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance.
Research analyst has served as an officer, director or employee of subject Company: No
Bajaj Financial Securities Limited has financial interest in the subject companies: No
Bajaj Financial Securities Limited’s Associates may have actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report.
Research analyst or his/her relative has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No
Bajaj Financial Securities Limited has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No
Subject company may have been client during twelve months preceding the date of distribution of the research report.
There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. A graph of daily closing prices of the securities is also available at NSE
The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report.
SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.
All leveraged intraday positions will be squared off on the same day. There is no restriction on the withdrawal of the unutilised margin amount. Brokerage will not exceed the SEBI prescribed limit. Visit : Pricing
As subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017, and the terms and conditions mentioned in the lights and obligations statement issued by the TM (if applicable).
International investment is not supervised by any regulatory body in India. Thus, any claim or dispute relating to such investment or enforcement of any agreement/contract /claim will not be under laws and regulations of the recognized stock exchanges and investor protection under Indian Securities Law. The account opening process will be carried out on Vested platform and Bajaj Financial Securities Limited will not have any role in it.
This should not be construed as soliciting investment. Investors’ discretion is required. Kindly consult your financial expert before investing. No need to issue cheques by investors while subscribing to IPO. Investments in securities markets are subject to market risks, read all the related documents carefully before investing.
Screeners is not Exchange-approved products and any disputes related to the same will not be dealt on the Exchange platform.
Securities quoted are exemplary and not recommendatory.
Account would be open after all procedure relating to IPV and client due diligence is completed.
The images used are only for representation purpose. Proper due diligence has been done for the images and the image is not of any artist. The same is captured from royalty free sites.
Bajaj Financial Securities Limited is a distributor for Non-Broking Products/Services such as Mutual Funds, Mutual Funds SIP, IPO, Bonds, Insurance, PMS, Global Investing, any other third-party products/services. These are not Exchange Traded Products, and we are only acting as distributors. All disputes with respect to the distribution activity, would not have access to SCORES/ODR, Exchange investor redressal forum or Arbitration mechanism. Please refer to the detailed disclaimer for Third-Party Products.
As per SEBI circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/84 dated June 08, 2023, Stockbrokers are required to upstream the entire client funds lying with them to the Clearing Corporation. Based on client’s request the funds’ release request must be placed with the Clearing Corporation. Based on the internal process and cut-off timelines of the Clearing Corporation the funds will be released to the Stock Broker. In view of this new process, as specified by the regulatory and the cut-off time of Clearing Corporation/Banks processing the funds, Bajaj Financial Securities Limited cannot commit the exact time for releasing funds payout to its client. Clients are requested to note that, Bajaj Financial Securities Limited will not be responsible for any inconvenience caused to clients due to delay in release of funds payout, including fines, delayed charges, defaults, etc.
