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 2026-09-21 close
Latest results: MRF Jun 2026 · BALKRISIND Jun 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 (21.9 against 30.5).
- Balkrishna Industries Limited earns the higher return on equity (12.8% 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 -15.3% (MRF) and -7.8% (BALKRISIND).
| Metric | MRF MRF |
Balkrishna Industries BALKRISIND |
|---|---|---|
| Size and price | ||
| Market cap | ₹52,953 Cr | ₹42,855 Cr |
| Share price | ₹124,855 | ₹2,217 |
| Valuation | ||
| P/E | 21.93 | 30.50 |
| P/B | 2.52 | 3.91 |
| EV/EBITDA | 11.65 | 18.50 |
| PEG | 0.42 | 3.81 |
| Dividend yield | 0.2% | 0.7% |
| Profitability | ||
| ROE | 11.5% | 12.8% |
| ROCE | 16.0% | 12.0% |
| Operating margin | 15.1% | 22.0% |
| Sales (TTM) | ₹31,889 Cr | ₹11,519 Cr |
| Net profit (TTM) | ₹2,415 Cr | ₹1,405 Cr |
| Growth | ||
| Latest quarter sales YoY | +9.6% | +25.2% |
| Latest quarter profit YoY | -1.0% | +56.4% |
| 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 | 0.38 |
| Interest cover | 8.60 | 11.44 |
| Ownership | ||
| Promoter holding | 27.8% | 58.3% |
| Promoter change (4 qtrs) | -0.01 pp | -0.01 pp |
| Price performance | ||
| Return 1M | -6.82% | -6.78% |
| Return 3M | -5.10% | -1.43% |
| Return 1Y | -15.30% | -7.77% |
| Return YTD | -18.32% | -4.44% |
| Technical condition | ||
| Technical score | 19 | 23 |
| RS rating (1-99) | 34.00 | 48.00 |
| % vs 200-DMA | -8.22% | -3.14% |
| RSI (14) | 31.50 | 45.08 |
| % from 52-week high | -23.68% | -20.12% |
