MRF Limited vs Balkrishna Industries Limited
An objective side-by-side of MRF and BALKRISIND, 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 2026-11-05 close
Latest results: MRF Jun 2026 · BALKRISIND Sep 2026
At a glance
- MRF Limited is the larger company by market value, about 1.2 times the size of Balkrishna Industries Limited.
- On trailing earnings, MRF Limited trades at the lower P/E (22.1 against 32.6).
- Balkrishna Industries Limited earns the higher return on equity (12.2% against 11.5%).
- Over three years MRF Limited has grown profits faster (52% a year against 8%).
- Over the past year the share prices returned -20.4% (MRF) and +3.2% (BALKRISIND).
| Metric | MRF MRF |
Balkrishna Industries BALKRISIND |
|---|---|---|
| Size and price | ||
| Market cap | ₹53,404 Cr | ₹46,433 Cr |
| Share price | ₹125,920.00 | ₹2,401.90 |
| Valuation | ||
| P/E | 22.12 | 32.60 |
| P/B | 2.55 | 3.98 |
| EV/EBITDA | 11.74 | 19.72 |
| PEG | 0.43 | 4.07 |
| Dividend yield | 0.2% | 0.7% |
| Profitability | ||
| ROE | 11.5% | 12.2% |
| ROCE | 16.0% | 12.0% |
| Operating margin | 15.1% | 21.1% |
| Sales (TTM) | ₹31,889 Cr | ₹12,597 Cr |
| Net profit (TTM) | ₹2,415 Cr | ₹1,425 Cr |
| Growth | ||
| Latest quarter sales YoY | +9.6% | +45.1% |
| Latest quarter profit YoY | -1.0% | +7.1% |
| Sales CAGR 3Y | +11.0% | +4.0% |
| Profit CAGR 3Y | +52.0% | +8.0% |
| Sales CAGR 5Y | +14.0% | +13.0% |
| Profit CAGR 5Y | +14.0% | +1.0% |
| Financial strength | ||
| Debt/Equity | 0.15 | 0.52 |
| Interest cover | 8.60 | 11.44 |
| Ownership | ||
| Promoter holding | 27.6% | 58.3% |
| Promoter change (4 qtrs) | -0.14 pp | -0.01 pp |
| Price performance | ||
| Return 1M | +1.48% | +15.33% |
| Return 3M | -6.31% | -3.99% |
| Return 1Y | -20.37% | +3.24% |
| Return YTD | -17.62% | +3.54% |
| Technical condition | ||
| Technical score | 60 | 71 |
| RS rating (1-99) | 47.00 | 64.00 |
| % vs 200-DMA | -4.13% | +6.73% |
| RSI (14) | 65.64 | 74.87 |
| % from 52-week high | -21.15% | -13.45% |
