MRF Share Price from 1990 to 2025 and Price Target 2025 to 2040: MRF Limited is one of India’s leading tire manufacturers, known for its impressive history of growth and success. Over the years, the company has secured a strong position not only in India but also globally. MRF’s share performance reflects its solid business strategies and market dominance. This article explores the journey of MRF share price from 1990 to 2025, examining key trends, milestones, and the factors driving its growth. Additionally, we present a forecast of MRF share price target from 2025 to 2040, considering current market trends and potential growth factors.
Additionally, feel free to join our – Tele-(g)ram) where we share Fast stock market news and updates➥https://bit.ly/TradeWatch360
MRF Limited Company Overview
Founded in 1946 as the Madras Rubber Factory, MRF began as a small toy balloon maker. In 1952, it expanded into tire manufacturing, marking the beginning of its exponential growth. Today, MRF’s diversified product range includes tires, tubes, conveyor belts, paints, and toys, solidifying its market position.
| Company type | Public |
| Traded as | BSE: 500290 NSE: MRF |
| ISIN | INE883A01011 |
| Industry | Tyres Rubber products |
| Founded | 1946; 78 years ago in Tiruvottiyur, Madras, India |
| Founder | K. M. Mammen Mappillai |
| Headquarters | Chennai, Tamil Nadu , India |
| Area served | Worldwide |
| Key people | K. M. Mammen (Chairman) Rahul Mammen Mappillai (MD) |
| Products | Tyres Toys Sports equipment Conveyor belt Paints Coats |
| Revenue | ₹25,486 crore (US$3.1 billion) (2024 |
| Operating income | ₹2,787 crore (US$330 million) (2024) |
| Net income | ₹2,081 crore (US$250 million) (2024 |
| Total assets | ₹26,849 crore (US$3.2 billion) (2024 |
| Total equity | ₹16,703 crore (US$2.0 billion) (2024) |
| Number of employees | 19,209 (2024) |
| Website | www.mrftyres.com |
MRF Share Price Growth From 1990 to 2025
| Year | MRF Price | YOY Chg% | High/Low |
| 1990 | 332 | – | ₹450/₹175 |
| 1991 | 350 | 5.42% | ₹725/₹290 |
| 1992 | 735 | 110% | ₹2,000/₹600 |
| 1993 | 925 | 25.85% | ₹1,300/₹600 |
| 1994 | 2000 | 116.21% | ₹4,150/₹1,250 |
| 1995 | 2,500 | 25.00% | ₹2,500/₹1,475 |
| 1996 | 1,820 | -27.2% | ₹3,550/₹1,700 |
| 1997 | 3,175 | 74.45% | ₹3,250/₹1,825 |
| 1998 | 2,150 | -32.28% | ₹2,875/₹1,320 |
| 1999 | 2,070 | -3.72% | ₹2,950/₹1,416 |
| 2000 | 2,820 | 36.23% | ₹2,820/₹840 |
| 2001 | 1,255 | -55.49% | ₹1,255/₹455 |
| 2002 | 850 | -32.270% | ₹1,000/₹676 |
| 2003 | 915 | 7.64% | ₹2,551/₹842 |
| 2004 | 2,459 | 168.74% | ₹2,825/₹1,285 |
| 2005 | 2,700 | 9.80% | ₹3,485/₹2,275 |
| 2006 | 2,895 | 7.22% | ₹4,785/₹2,025 |
| 2007 | 4,425 | 52.84% | ₹8,955/₹3,100 |
| 2008 | 7,300 | 64.95% | ₹7,300/₹1,650 |
| 2009 | 2,094 | -71.30% | ₹6,899/₹1,501 |
| 2010 | 6,595 | 214.2% | ₹9,812/₹5,485 |
| 2011 | 7,529 | 14.16% | ₹7,950/₹5,332 |
| 2012 | 7,950 | 5.59% | ₹12,832/₹6,471 |
| 2013 | 13,850 | 74.21% | ₹20,235/₹11,011 |
| 2014 | 20,150 | 45.48% | ₹39,500/₹18,600 |
| 2015 | 40,288 | 99.94% | ₹46,405/₹31,374 |
| 2016 | 41,399 | 2.75% | ₹54,600/₹30,464 |
| 2017 | 53,500 | 29.23% | ₹74,499/₹48,780 |
| 2018 | 73,412 | 37.21% | ₹81,423/₹59,494 |
| 2019 | 67,422 | -8.15% | ₹67,425/₹51,850 |
| 2020 | 70,964 | 5.25% | ₹81,000/₹50,000 |
| 2021 | 96,456 | 35.92% | ₹98,575/₹68,719 |
| 2022 | 77,255 | -19.90% | ₹95,954/₹62,944 |
| 2023 | 1,29,579 | 67.72% | ₹1,30,399/₹81,380 |
| 2024 | 1,30,980 | 1.08% | ₹1,51,283/₹1,07,805 |
| 2025 | 1,17,094 | −10.6% | ₹1,30,297/₹1,17,000 |
Read More:- Hindustan Unilever Share Price Target 2025, 2026, 2027, 2030, 2035, 2040
MRF Share Price From 1990 to 2000
The 1990s were pivotal for MRF, setting the foundation for future growth. With India’s economic liberalization in the early 1990s, MRF shares began to show positive movement. Starting at ₹332 in 1990, the share price climbed to ₹2,820 by the decade’s end, marking MRF as a promising long-term investment.
MRF Share Price From 2000 to 2010
The early 2000s marked a period of substantial growth for MRF. Beginning at ₹2,820 in 2000, the share price steadily rose to ₹6,595 by 2010. This growth was fueled by strong domestic demand, international expansion, and MRF’s focus on research and product quality improvement.
MRF Share Price From 2010 to 2020
From 2010 to 2020, MRF saw unprecedented growth. Starting at ₹6,595 in 2010, the company’s robust financial performance and consistent results led to a remarkable share price increase, reaching ₹70,964 by 2020. By this time, MRF was recognized as a blue-chip stock, attracting significant interest from institutional investors.
MRF Share Price From 2020 to 2025
Despite the challenges of the global pandemic, MRF has maintained its growth trajectory from 2020 to 2025. Starting at ₹70,964 in 2020, the share price rose to ₹1,17,000 by 2025. MRF’s resilience and adaptability have strengthened its market position, continuing to attract investor interest even in challenging times.
Technical Analysis for MRF Limited
MRF Share Price Target For 2025
MRF is well-known for its wide range of products, especially tires for cars, motorcycles, trucks, buses, and agricultural vehicles, as well as rubber products for industrial and domestic use. Based on our analysis, the MRF share price for 2025 is expected to reach ₹1,52,600 for the first target, with a second target of ₹1,62,784.
| Year | 1st Target | 2nd Target |
| 2025 | ₹1,52,600 | ₹1,62,784 |
Read More:- Rossell India share price target 2025, 2026, 2027, 2030, 2035, 2040
MRF Share Price Target For 2026
MRF is the only company in India with a share price exceeding one lakh rupees, a distinction that not only highlights its high value but also its track record of consistent growth, which attracts investors. Over the years, MRF’s share price history shows a steady upward trend, reinforcing its appeal.
Looking ahead to 2026, MRF’s share price could potentially reach around ₹1,77,430 as a first target, with a second target of ₹1,91,117.
| Year | 1st Target | 2nd Target |
| 2026 | ₹1,77,430 | ₹1,91,117 |
MRF Share Price Target For 2027
MRF is the only company in India with a share price exceeding one lakh rupees. While a high share price is impressive, it is the consistent upward momentum that truly highlights the stock’s potential. Historically, MRF’s share price has shown steady growth, making it increasingly attractive to investors.
Looking ahead, MRF’s share price in 2027 could reach approximately ₹1,95,900 as a first target, and a second target of ₹2,00,700 for the year 2026 seems achievable.
| Year | 1st Target | 2nd Target |
| 2027 | ₹2,05,765 | ₹2,24,420 |
MRF Share Price Target For 2028
The only company in India with a share price exceeding one lakh rupees is MRF. While a high share price is impressive, consistent growth that takes it to new peaks is equally essential. Looking at its historical share prices, MRF has shown a consistent upward trend, which keeps attracting investors.
For MRF, the projected share price by 2027 could reach approximately ₹1,95,900 as the first target and ₹2,00,700 as the second target. Looking further to 2028, the first target is estimated at ₹2,46,890, with the second target at ₹2,63,504.
| Year | 1st Target | 2nd Target |
| 2028 | ₹2,46,890 | ₹2,63,504 |
Read More:- ITI share price target 2025, 2026, 2027, 2030,2035, 2040
MRF Share Price Target For 2029
The only company in India with a share price exceeding one lakh rupees, MRF has consistently taken its share price to new highs with steady growth, making it an attractive option for investors. Historical trends show a continuous rise in MRF’s share price, reinforcing investor confidence.
Looking ahead, the MRF share price could reach around ₹1,95,900 by 2027 as a first target, with a second target of ₹2,00,700 in 2026.
| Year | 1st Target | 2nd Target |
| 2029 | ₹2,86,532 | ₹3,09,276 |
MRF Share Price Target For 2030
MRF is the only company in India with a share price exceeding one lakh rupees. While a high share price alone is impressive, MRF’s strength lies in its ability to achieve consistent growth, pushing its value to new peaks over time. The historical trend in MRF’s share price shows steady growth, making it highly attractive to investors.
For 2027, the MRF share price target is estimated to be around ₹1,95,900 for the first target and ₹2,00,700 as the second target. By 2030, the share price could potentially reach ₹3,40,455 for the first target and ₹3,62,810 for the second target.
| Year | 1st Target | 2nd Target |
| 2030 | ₹3,40,455 | ₹3,62,810 |
MRF Share Price Target For 2035
MRF is the only company in India with a share price exceeding one lakh rupees. While a high share price alone is notable, what truly stands out is MRF’s ability to achieve consistent growth, pushing its stock to new peaks year after year. A review of its share price history shows steady growth, making it an attractive choice for investors seeking long-term value.
Looking forward to 2035, MRF’s share price is projected to reach around ₹8,30,645 as the first target, with a second target of ₹9,00,472.
| Year | 1st Target | 2nd Target |
| 2035 | ₹8,30,645 | ₹9,00,472 |
MRF Share Price Target For 2040
MRF is the only company in India whose share price has crossed the one lakh mark. While a high share price is not the only factor, consistent growth is essential to take it to new heights. A look at the historical performance of MRF’s share price reveals consistent growth, making it an attractive option for investors.
Looking ahead, MRF’s share price in 2040 could reach around ₹15,90,450 as the first target, with a second target of ₹17,50,713 by the year 2040.
| Year | 1st Target | 2nd Target |
| 2040 | ₹15,90,450 | ₹17,50,713 |
MRF Share Price Forecast From 2025 To 2040
| Year | Year High Target (₹) | Year Low Target (₹) |
| 2025 | 1,62,784 | ₹1,16,686 |
| 2026 | 1,91,117 | ₹1,46,223 |
| 2027 | 2,24,420 | ₹1,68,867 |
| 2028 | 2,63,504 | ₹2,00,640 |
| 2029 | 3,09,276 | ₹2,34,768 |
| 2030 | 3,62,810 | ₹2,88,721 |
| 2035 | 9,00,472 | ₹7,90,592 |
| 2040 | 17,50,713 | ₹15,53,012 |
MRF Limited Peer comparison
| Sector: Tyres | Industry: Tyres | |||
| Name | P/E | Mar Cap ₹Cr. | NP Qtr ₹Cr. | ROCE % |
| Balkrishna Inds | 32.4 | 52735.3 | 346.94 | 17.62 |
| MRF | 26.26 | 51149.4 | 470.7 | 16.12 |
| Apollo Tyres | 19.93 | 30209.22 | 297.46 | 16.45 |
| CEAT | 18.96 | 11225.63 | 121.45 | 20.42 |
| JK Tyre & Indust | 13.13 | 10015.39 | 139.75 | 19.31 |
| TVS Srichakra | 39.57 | 2738.38 | 10.25 | 11.14 |
| Goodyear India | 39.71 | 2319 | 15.74 | 21.98 |
MRF Limited Fundamentals
| Metric | Value |
| Market Cap | ₹49,662 Cr |
| P/E Ratio (TTM) | 25.50 |
| P/B Ratio | 2.18 |
| Industry P/E | 24.48 |
| Debt to Equity | 0.18 |
| ROE | 11.02% |
| EPS (TTM) | 4,591.99 |
| Dividend Yield | 0.17% |
| 52 Week High | ₹1,51,445 |
| 52 Week Low | ₹1,10,768 |
| Book Value | 41,658.56 |
| Face Value | 10 |
MRF Limited Financial Results
| All in ₹Cr. | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
| Sales | 19,317 | 23,008 | 25,169 | 26,589 |
| Expenses | 17,256 | 20,604 | 20,896 | 22,451 |
| Operating Profit | 2,061 | 2,404 | 4,272 | 4,138 |
| OPM % | 11% | 10% | 17% | 16% |
| Other Income | 315 | 245 | 306 | 369 |
| Interest | 263 | 326 | 361 | 352 |
| Depreciation | 1,205 | 1,253 | 1,430 | 1,551 |
| Profit before tax | 908 | 1,070 | 2,787 | 2,604 |
| Tax % | 26% | 28% | 25% | |
| Net Profit | 669 | 769 | 2,081 | 1,948 |
| EPS in Rs | 1,577 | 1,813 | 4,907 | 4,592 |
| Compounded Sales Growth | Stock Price CAGR | |||
| 10 Years: | 7% | 10 Years: | 13% | |
| 5 Years: | 9% | 5 Years: | 15% | |
| 3 Years: | 16% | 3 Years: | 23% | |
| TTM: | 10% | 1 Year: | 8% | |
| Compounded Profit Growth | Return on Equity | |||
| 10 Years: | 9% | 10 Years: | 12% | |
| 5 Years: | 12% | 5 Years: | 9% | |
| 3 Years: | 15% | 3 Years: | 7% | |
| TTM: | 15% | Last Year: | 13% | |
MRF Limited Balance Sheet
| All in ₹Cr. | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
| Equity Capital | 4 | 4 | 4 | 4 |
| Reserves | 14,028 | 14,703 | 16,699 | 17,664 |
| Borrowings | 3,229 | 3,014 | 2,822 | 3,138 |
| Other Liabilities | 5,799 | 6,648 | 7,325 | 7,616 |
| Total Liabilities | 23,060 | 24,369 | 26,849 | 28,423 |
| Fixed Assets | 9,522 | 10,118 | 12,046 | 12,673 |
| CWIP | 1,233 | 3,046 | 2,385 | 1,809 |
| Investments | 3,656 | 3,085 | 3,383 | 3,967 |
| Other Assets | 8,648 | 8,120 | 9,036 | 9,973 |
| Total Assets | 23,060 | 24,369 | 26,849 | 28,423 |
MRF Limited Shareholding Pattern
Factors Influencing MRF Share Price
The share price of MRF (Madras Rubber Factory Limited), one of India’s leading tire manufacturers, is influenced by various factors, both internal and external. Here are some of the key factors that impact MRF’s share price:
- Automobile Industry Demand: Tire sales depend on vehicle demand; a slowdown in the auto sector can impact MRF’s stock.
- Raw Material Costs: Prices of rubber and crude oil affect production costs and profit margins.
- Competition: Price wars with competitors like Apollo and CEAT can reduce market share and earnings.
- Export Market: International demand and currency rates impact revenue from exports.
- Government Policies: Taxes, tariffs, and environmental regulations affect operations and costs.
- Economic Conditions: Inflation, interest rates, and GDP growth influence consumer spending and demand.
- Technological Innovation: MRF’s ability to develop fuel-efficient and EV-compatible tires boosts competitiveness.
- Financial Performance: Earnings, revenue growth, and profit margins drive investor confidence.
- Brand Reputation: Trust in MRF’s quality and reputation supports consumer and investor confidence.
MRF Dividend History From 2000 to 2024
| Date | Record Date | Type | Percentage % | Amount (₹) |
| 19-11-24 | 19-11-24 | Interim | 300% | 3 |
| 03-05-24 | 26-07-24 | Final | 1940% | 194 |
| 25-01-24 | 21-02-24 | Interim | 30% | 3 |
| 23-10-23 | 17-11-23 | Interim | 30% | 3 |
| 03-05-23 | 20-07-23 | Final | 1690% | 169 |
| 27-01-23 | 21-02-23 | Interim | 30% | 3 |
| 27-10-22 | 17-11-22 | Interim | 30% | 3 |
| 10-05-22 | 27-07-22 | Final | 1440% | 144 |
| 28-01-22 | 17-02-22 | Interim | 30% | 3 |
| 27-10-21 | 17-11-21 | Interim | 30% | 3 |
| 07-06-21 | 04-08-21 | Final | 940% | 94 |
| 08-06-21 | 04-08-21 | Special | 500% | 50 |
| 28-01-21 | 17-02-21 | Interim | 30% | 3 |
| 06-11-20 | 18-11-20 | Interim | 30% | 3 |
| 29-06-20 | 14-09-20 | Final | 940% | 94 |
| 10-02-20 | 18-02-20 | Interim | 30% | 3 |
| 08-11-19 | 21-11-19 | Interim | 30% | 3 |
| 02-05-19 | 01-08-19 | Final | 540% | 54 |
| 07-02-19 | 15-02-19 | Interim | 30% | 3 |
| 09-11-18 | 19-11-18 | Interim | 30% | 3 |
| 03-05-18 | 01-08-18 | Final | 540% | 54 |
| 01-02-18 | 09-02-18 | Interim | 30% | 3 |
| 10-11-17 | 21-11-17 | Interim | 30% | 3 |
| 05-05-17 | 27-07-17 | Final | 540% | 54 |
| 03-02-17 | 14-02-17 | Interim | 30% | 3 |
| 27-10-16 | 08-11-16 | Interim | 30% | 3 |
| 03-05-16 | 03-08-16 | Final | 940% | 94 |
| 29-10-15 | 10-11-15 | Interim | 30% | 3 |
| 27-07-15 | 06-08-15 | Interim | 30% | 3 |
| 26-11-14 | 04-02-15 | Final | 440% | 44 |
| 30-10-14 | 13-11-14 | Interim | 30% | 3 |
| 23-07-14 | 06-08-14 | Interim | 30% | 3 |
| 28-11-13 | 30-01-14 | Final | 240% | 24 |
| 24-10-13 | 05-11-13 | Interim | 30% | 3 |
| 25-07-13 | 06-08-13 | Interim | 30% | 3 |
| 29-11-12 | 30-01-13 | Final | 190% | 19 |
| 25-10-12 | 07-11-12 | Interim | 30% | 3 |
| 25-07-12 | 06-08-12 | Interim | 30% | 3 |
| 29-11-11 | 30-01-12 | Final | 190% | 19 |
| 20-10-11 | 02-11-11 | Interim | 30% | 3 |
| 28-07-11 | 09-08-11 | Interim | 30% | 3 |
| 25-11-10 | 28-01-11 | Final | 440% | 44 |
| 21-10-10 | 02-11-10 | Interim | 30% | 3 |
| 28-07-10 | 06-08-10 | Interim | 30% | 3 |
| 21-12-09 | 25-02-10 | Final | 190% | 19 |
| 27-10-09 | 05-11-09 | Interim | 30% | 3 |
| 27-07-09 | 06-08-09 | Interim | 30% | 3 |
| 19-12-08 | 06-03-09 | Final | 140% | 14 |
| 21-10-08 | 06-11-08 | Interim | 30% | 3 |
| 25-07-08 | 08-08-08 | Interim | 30% | 3 |
| 14-12-07 | 05-03-08 | Final | 140% | 14 |
| 25-10-07 | 07-11-07 | Interim | 30% | 3 |
| 26-07-07 | 10-08-07 | Interim | 30% | 3 |
| 20-12-06 | 09-03-07 | Final | 140% | 14 |
| 30-10-06 | 14-11-06 | Interim | 30% | 3 |
| 11-07-06 | 03-08-06 | Interim | 30% | 3 |
| 20-12-05 | 10-03-06 | Final | 140% | 14 |
| 18-10-05 | 31-10-05 | Interim | 30% | 3 |
| 14-07-05 | 01-08-05 | Interim | 30% | 3 |
| 23-12-04 | 03-03-05 | Final | 140% | 14 |
| 14-09-04 | 01-11-04 | Interim | 30% | 3 |
| 07-07-04 | 04-08-04 | Interim | 30% | 3 |
| 19-12-03 | 26-02-04 | Final | 140% | 14 |
| 02-07-03 | 06-08-03 | Interim | 30% | 3 |
| 01-04-03 | 05-05-03 | Interim | 30% | 3 |
| 20-12-02 | 04-03-03 | Final | 140% | 14 |
| 25-09-02 | 13-11-02 | Interim | 30% | 3 |
| 29-06-02 | 09-08-02 | Interim | 30% | 3 |
| 21-12-01 | 15-02-02 | Final | 90% | 9 |
| 11-09-01 | 17-10-01 | Interim | 30% | 3 |
| 27-06-01 | 02-08-01 | Interim | 30% | 3 |
| 22-12-00 | 13-02-01 | Final | 90% | 9 |
| 17-09-00 | 16-11-00 | Interim | 30% | 3 |
| 11-06-00 | 02-08-00 | Interim | 30% | 3 |
FAQ
Q.1. What was the MRF share price in 1990?
Ans: The MRF share price in 1990 was ₹332.
Q.2. What was the MRF share price in 2000?
Ans: The MRF share price in 2000 was ₹2,820.
Q.3. What was the MRF share price in 2020?
Ans: The MRF share price in 2020 was ₹70,964.
Q.4. What is the MRF share price target for 2025?
Ans: The MRF share price target for 2025 is expected to be ₹1,52,600 as the first target and ₹1,62,784 as the second target.
Q.5. What is the MRF share price target for 2026?
Ans: In 2026, MRF’s share price is projected to reach ₹1,77,430 as the first target and ₹1,91,117 as the second target.
Q.6. What is the MRF share price target for 2027?
Ans: The MRF share price target for 2027 is ₹2,05,765 as the first target and ₹2,24,420 as the second target.
Q.7. What is the MRF share price target for 2040?
Ans: By 2040, MRF’s share price may reach ₹15,90,450 as the first target and ₹17,50,713 as the second target
Q.8. What was the MRF share price in 2010?
Ans: The MRF share price in 2010 was ₹6,595.
Q.9. What is the price of MRF share in 2030?
Ans: By 2030, MRF’s share price may reach ₹3,40,455 for the first target and ₹3,62,810 for the second target.
Q.10. What is the MRF share price target for 2035?
Ans: The MRF share price target for 2035 is projected at ₹8,30,645 as the first target and ₹9,00,472 as the second target.
Q.11. What was the price of MRF stock in 1993?
Ans: The MRF share price in 1993 was ₹925.
Original Information source: www.mrftyres.com
TradeWatch360 is a premier platform dedicated to providing real-time insights, trends, and updates in the stock market. It is designed to support both new and seasoned investors by delivering timely and actionable information across a range of asset classes, including stocks, futures, commodities, and global markets.