MRF

🛞 MRF Ltd — Overview 🏭 What is MRF? MRF Ltd (Madras Rubber Factory) is India’s largest tyre manufacturer and one of the most respected tyre brands globally. Founded in 1946, MRF is headquartered in Chennai and operates multiple manufacturing plants across India and abroad. 📊 Core Business Segments Passenger Vehicle (PV) tyres Commercial Vehicle (CV) tyres (trucks & buses) Two-wheeler tyres Farm & off-highway tyres Defence & specialty tyres Exports to 90+ countries ~70% of demand comes from the replacement market, which provides stability. 💰 Revenue & Cost Structure Key raw materials: Natural rubber, crude-linked inputs Pricing power: Strong brand allows periodic price hikes Margins: Highly sensitive to rubber & crude prices 📈 Key Strengths 🏆 Market leader in multiple tyre categories 🔒 Strong brand moat & OEM relationships 💪 Consistent pricing power 🧾 Conservative balance sheet 🌍 Growing export presence