To the full analysis
MRF stock: growth
MRF.NSMRF reported $3.31B in revenue for fiscal 2026, up 10.6% on the prior year, up 14% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
11.8%
per year from 2007 to 2026, per share 11.8%
Earnings (Annual rate)
23.7%
per year from 2007 to 2026, per share 19.7%
Free cash flow (Annual rate)
19.8%
per year from 2007 to 2026, per share 19.8%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2021 | since 2016 | since 2007 | |
|---|---|---|---|
| Revenue | 14.0% | 8.8% | 11.8% |
| Revenue per share | 14.0% | 8.8% | 11.8% |
| Earnings | 13.7% | 3.8% | 23.7% |
| Earnings per share | 13.7% | no data | 19.7% |
| Free cash flow | −2.9% | 20.0% | 19.8% |
| Free cash flow per share | −2.9% | 20.0% | 19.8% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2007 | $395.85M | $4.56M | $10.24M |
| 2008 | $468.61M | $18.11M | −$3.31M |
| 2009 | $536.38M | $14.97M | −$33.38M |
| 2010 | $602.47M | $26.66M | $72.76M |
| 2011 | $792.78M | $38M | −$75.62M |
| 2012 | $1.04B | $65.77M | −$90.2M |
| 2013 | $1.28B | $61.58M | $43.9M |
| 2014 | $1.3B | $85.94M | $111.68M |
| 2015 | $1.43B | $177.82M | $48.01M |
| 2016 | $1.43B | $177.82M | $51.28M |
| 2017 | $1.43B | $157.97M | $62.32M |
| 2018 | $1.59B | $120.28M | $91.28M |
| 2019 | $1.72B | $120.17M | −$75.56M |
| 2020 | $1.73B | $151.2M | −$50.99M |
| 2021 | $1.72B | $135.74M | $369.02M |
| 2022 | $2.05B | $71.13M | −$242.87M |
| 2023 | $2.45B | $81.73M | −$56.95M |
| 2024 | $2.68B | $221.21M | $120.98M |
| 2025 | $2.99B | $198.68M | $59.48M |
| 2026 | $3.31B | $257.87M | $317.95M |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = ₹94.0836)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 3 Oct 2025)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.