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 2026-11-06 close
Latest results: MRF Jun 2026 · APOLLOTYRE Sep 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 (15.1 against 22.0).
- MRF Limited earns the higher return on equity (11.5% against 9.9%).
- Over three years MRF Limited has grown profits faster (52% a year against 27%).
- Over the past year the share prices returned -20.5% (MRF) and -17.1% (APOLLOTYRE).
| Metric | MRF MRF |
Apollo Tyres APOLLOTYRE |
|---|---|---|
| Size and price | ||
| Market cap | ₹53,139 Cr | ₹26,312 Cr |
| Share price | ₹125,295.00 | ₹415.95 |
| Valuation | ||
| P/E | 22.01 | 15.10 |
| P/B | 2.53 | 1.50 |
| EV/EBITDA | 11.69 | 8.00 |
| PEG | 0.42 | 0.56 |
| Dividend yield | 0.2% | 1.2% |
| Profitability | ||
| ROE | 11.5% | 9.9% |
| ROCE | 16.0% | 14.0% |
| Operating margin | 15.1% | 13.1% |
| Sales (TTM) | ₹31,889 Cr | ₹30,445 Cr |
| Net profit (TTM) | ₹2,415 Cr | ₹1,743 Cr |
| Growth | ||
| Latest quarter sales YoY | +9.6% | +16.6% |
| Latest quarter profit YoY | -1.0% | +13.3% |
| 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 | 0.31 |
| Interest cover | 8.60 | 6.64 |
| Ownership | ||
| Promoter holding | 27.6% | 36.9% |
| Promoter change (4 qtrs) | -0.14 pp | -0.02 pp |
| Price performance | ||
| Return 1M | +1.80% | +2.05% |
| Return 3M | -6.45% | -7.51% |
| Return 1Y | -20.46% | -17.06% |
| Return YTD | -18.03% | -16.81% |
| Technical condition | ||
| Technical score | 67 | 50 |
| RS rating (1-99) | 48.00 | 46.00 |
| % vs 200-DMA | -4.52% | -3.02% |
| RSI (14) | 63.03 | 58.66 |
| % from 52-week high | -21.54% | -23.04% |
