MRF Limited vs Apollo Tyres Limited
An objective side-by-side of MRF and APOLLOTYRE, both in Tyres: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-21 close
Latest results: MRF Jun 2026 · APOLLOTYRE Mar 2026
At a glance
- MRF Limited is the larger company by market value, about 2.0 times the size of Apollo Tyres Limited.
- On trailing earnings, Apollo Tyres Limited trades at the lower P/E (18.9 against 21.9).
- MRF Limited earns the higher return on equity (11.5% against 8.2%).
- Over three years MRF Limited has grown profits faster (52% a year against 27%).
- Over the past year the share prices returned -15.3% (MRF) and -14.6% (APOLLOTYRE).
| Metric | MRF MRF |
Apollo Tyres APOLLOTYRE |
|---|---|---|
| Size and price | ||
| Market cap | ₹52,953 Cr | ₹25,892 Cr |
| Share price | ₹124,855 | ₹409.30 |
| Valuation | ||
| P/E | 21.93 | 18.87 |
| P/B | 2.52 | 1.55 |
| EV/EBITDA | 11.65 | 7.14 |
| PEG | 0.42 | 0.70 |
| Dividend yield | 0.2% | 1.2% |
| Profitability | ||
| ROE | 11.5% | 8.2% |
| ROCE | 16.0% | 14.0% |
| Operating margin | 15.1% | 14.6% |
| Sales (TTM) | ₹31,889 Cr | ₹28,471 Cr |
| Net profit (TTM) | ₹2,415 Cr | ₹1,372 Cr |
| Growth | ||
| Latest quarter sales YoY | +9.6% | +14.2% |
| Latest quarter profit YoY | -1.0% | +241.8% |
| Sales CAGR 3Y | +11.0% | +5.0% |
| Profit CAGR 3Y | +52.0% | +27.0% |
| Sales CAGR 5Y | +14.0% | +10.0% |
| Profit CAGR 5Y | +14.0% | +24.0% |
| Financial strength | ||
| Debt/Equity | 0.15 | 0.22 |
| Interest cover | 8.60 | 6.64 |
| Ownership | ||
| Promoter holding | 27.8% | 36.9% |
| Promoter change (4 qtrs) | -0.01 pp | -0.02 pp |
| Price performance | ||
| Return 1M | -6.82% | -4.66% |
| Return 3M | -5.10% | -4.40% |
| Return 1Y | -15.30% | -14.59% |
| Return YTD | -18.32% | -18.14% |
| Technical condition | ||
| Technical score | 19 | 23 |
| RS rating (1-99) | 34.00 | 35.00 |
| % vs 200-DMA | -8.22% | -8.37% |
| RSI (14) | 31.50 | 36.48 |
| % from 52-week high | -23.68% | -24.27% |
