MRF

MRF posted 11% YoY revenue growth in Q1 FY26 with strong demand from passenger and truck segments. Margins improved to 18%, benefiting from soft rubber prices. The company continues to lead in premium tyres and replacement markets. With negligible debt and strong brand recall, MRF remains a fundamentally strong auto ancillary play. At ~30x FY26 EPS, valuations are moderate given its scale. Long-term investors can hold for steady compounding.