MRF cash flow

Latest FY26

Cash from operations: ₹4,590cr+145.8% on FY25
Capital spending: ₹1,434cr+9.6% on FY25
Free cash flow: ₹3,156cr+464.0% on FY25
Cash from financing: −₹1,120cr₹282 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Jun 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	1,754	1,654	1,430	1,253
	—	0.7	0.0	5.1	0.0
	—	366	360	353	319
	—	−170	−112	−104	−106
	—	−0.2	−0.2	−0.3	−0.0
	—	−148	−207	−128	−92.0
	—	−0.4	−0.3	−1.3	−1.8
	—	0.0	0.0	−1.2	0.0
	—	0.0	−1.8	10.0	5.3
	—	−2.1	0.0	0.0	0.0
	—	208	−1,156	−328	−11.4
	—	−160	−463	−409	−172
	—	−183	−65.9	−101	49.8
	—	380	174	216	380
	—	−188	−119	74.1	349
	—	193	−80.2	219	39.8
Cash from operating activities
	3,195	3,222	2,479	2,787	1,070
	—	2,050	−18.7	1,235	2,014
	—	5,272	2,460	4,023	3,083
	—	682	592	722	328
	—	4,590	1,868	3,301	2,755
Cash from investing activities
	—	1,434	1,308	2,155	3,291
	—	8.2	13.6	−7.1	1.2
	—	561	2,888	446	136
	—	1,934	1,962	316	1,387
	—	16.4	27.7	0.0	0.7
	—	24.5	24.1	−3.7	0.0
	—	0.2	0.2	0.3	0.0
	—	125	104	97.8	116
	—	−3,617	37.6	−182	0.0
	—	−3,536	−2,082	−2,379	−1,923
Cash from financing activities
	—	0.0	920	0.0	158
	—	538	101	353	544
	—	195	181	152	121
	—	290	273	290	270
	—	99.7	84.8	74.2	63.6
	—	1.6	1.6	1.5	1.4
	—	−1,120	282	−868	−840
	—	−66.2	67.5	53.1	−7.5
	—	−3.1	0.1	1.5	1.7
	—	−69.3	67.6	54.6	−5.9
	—	305	371	303	249
Reference items
	4,821	4,901	4,084	4,254	2,389
	15.1%	15.7%	14.5%	16.9%	10.4%
	3,156	3,156	560	1,145	−536
	—	2,329	1,117	501	—
	₹7,443.51	₹7,443.51	₹1,319.88	₹2,701.23	−₹1,263.61
	15.86×	—	—	—	—
	—	1.89×	1.00×	1.59×	3.58×
	—	682	592	722	328
	—	290	273	290	270

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

MRF₹1,18,065.00

MRF Ltd.

· Auto & Mobility

₹ CrorePeersAPOLLOTYRE CEATLTD BALKRISIND EXIDEIND TIINDIA HEROMOTOCO BHARATFORG HYUNDAIMcap ₹50,060 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	1,253.1	1,430.0	1,653.6	1,753.6	—
+ Impairment Loss / (Reversal)	0.0	5.1	0.0	0.7	—
+ Finance Costs	319.0	353.0	360.0	366.2	—
+ Interest Income	-105.8	-103.8	-112.1	-170.2	—
+ Dividend Income	-0.0	-0.3	-0.2	-0.2	—
+ Fair Value (Gains) / Losses	-92.0	-128.1	-207.1	-147.8	—
+ Unrealised FX (Gain) / Loss	-1.8	-1.3	-0.3	-0.4	—
+ Other Non-cash Items	0.0	-1.2	0.0	0.0	—
+ Other — Cash Effects are Investing / Financing	5.3	10.0	-1.8	0.0	—
+ Other Reconciling Items	0.0	0.0	0.0	-2.1	—
Changes in Working Capital
+ Inventories	-11.4	-327.5	-1,156.2	208.0	—
+ Trade Receivables — Current	-171.6	-408.6	-463.0	-160.0	—
+ Other Current Assets	49.8	-100.5	-65.9	-182.9	—
+ Trade Payables — Current	379.7	215.8	173.6	379.8	—
+ Other Current Liabilities	349.3	74.1	-119.2	-188.0	—
+ Provisions — Current	39.8	218.6	-80.2	193.3	—
Cash from Operating Activities
Profit Before Tax (per I/S)	1,069.7	2,787.4	2,479.0	3,222.1	3,195.4
+ Total Adjustments (incl. Working Capital)	2,013.5	1,235.3	-18.7	2,050.1	—
Cash from Operations (pre-tax)	3,083.2	4,022.7	2,460.3	5,272.3	—
+ Income Taxes Paid	327.8	722.2	592.5	682.0	—
Cash from Operating Activities	2,755.5	3,300.5	1,867.8	4,590.3	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	3,291.2	2,155.2	1,308.2	1,434.3	—
+ Disp of Fixed Assets	1.2	-7.1	13.6	8.2	—
+ Acq of Investment Property	136.0	446.0	2,887.9	560.7	—
+ Disp of Investment Property	1,387.2	316.3	1,962.0	1,934.0	—
+ Loans & Advances Made	0.7	0.0	27.7	16.4	—
+ Loans & Advances Repaid	0.0	-3.7	24.1	24.5	—
+ Dividends Received — Investing	0.0	0.3	0.2	0.2	—
+ Interest Received — Investing	116.1	97.8	103.9	124.8	—
+ Other Inflows / (Outflows) — Investing	0.0	-181.6	37.6	-3,616.6	—
Cash from Investing Activities	-1,923.5	-2,379.2	-2,082.3	-3,536.2	—
Cash from Financing Activities
+ Proceeds from Borrowings	157.8	0.0	919.5	0.0	—
+ Repayment of Borrowings	543.9	353.4	101.0	537.7	—
+ Payment of Lease Liabilities	121.3	152.5	180.6	195.0	—
+ Interest Paid	269.8	289.6	272.6	289.6	—
+ Dividends Paid	63.6	74.2	84.8	99.7	—
+ Other Inflows / (Outflows) — Financing	1.4	1.5	1.6	1.6	—
Cash from Financing Activities	-839.5	-868.2	282.0	-1,120.3	—
Net Changes in Cash (pre-FX)	-7.5	53.1	67.5	-66.2	—
+ Effect of FX Rate Changes on Cash	1.7	1.5	0.1	-3.1	—
Net Changes in Cash	-5.9	54.6	67.6	-69.3	—
Closing Cash	248.5	303.1	370.6	304.6	—
Reference Items
EBITDA	2,389.1	4,253.6	4,084.5	4,900.6	4,820.5
EBITDA Margin %	10.38	16.90	14.51	15.73	15.12
Free Cash Flow (CFO − Capex)	-535.8	1,145.3	559.6	3,156.1	3,156.1
Free Cash Flow to Equity	—	501.3	1,116.8	2,328.6	—
Free Cash Flow per Basic Share	-1,263.61	2,701.23	1,319.88	7,443.51	7,443.51
Price to Free Cash Flow	—	—	—	—	15.86
Cash Flow to Net Income	3.58	1.59	1.00	1.89	—
Cash Paid for Taxes	327.8	722.2	592.5	682.0	—
Cash Paid for Interest	269.8	289.6	272.6	289.6	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.