MRF LTD vs BALKRISHNA INDUSTRIES LTD

MRF and BALKRISIND, both in Automotive Aftermarket. Monthly data through 2026-10-09. Change the comparison →

Price, rebased to 100

Share price change since Jan '19, the first month all 2 have a price: MRF +99%, BALKRISIND +148%.

86194302410Jan '19Aug '20Mar '22Oct '23May '25Oct '2686194302410Jan '19Aug '21Mar '24Oct '26

Rebased at 2019-01. Monthly closes from each company's history.

ROCE

7.0%12.3%17.7%23.0%Jan '19Aug '20Mar '22Oct '23May '25Oct '267.0%12.3%17.7%23.0%Jan '19Aug '21Mar '24Oct '26
MRF LTD (MRF)BALKRISHNA INDUSTRIES LTD (BALKRISIND)

Months with a missing value are left as gaps.

Where the return came from

The share price return over 3 years, split into net profit growth, share count change and the change in P/E.

MRF Net profit growth: +112 pts+112 ptsP/E change: -99 pts-99 pts +13% BALKRISIN Net profit growth: +21 pts+21 ptsP/E change: -42 pts-42 pts -21%
Net profit growthShare count changeP/E changeUnexplained

MRF: share price rose 13% over 3 years: +112 pts from net profit growth, −99 pts from the P/E change.

BALKRISIND: share price fell 21% over 3 years: +21 pts from net profit growth, −42 pts from the P/E change.

Segments are percentage points of the price return: price = P/E × net profit ÷ share count. These are the same numbers each company's own page shows.

Rank within sector, month by month

Each cell is the company's percentile rank among its own sector peers that month. Darker is higher-ranked. Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

MRF LTD (MRF) · Consumer Durables

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '212023202420252026Oct '26
Lower rank Higher rank

BALKRISHNA INDUSTRIES LTD (BALKRISIND) · Consumer Durables

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '212023202420252026Oct '26
Lower rank Higher rank

Percentiles use today's listed companies in the sector and need at least 5 peers with a value.

Latest snapshot

MetricMRFBALKRISIND
Share Price₹122090.00₹2010.30
Market Cap₹51768 cr₹38870 cr
P/E22.1x28.4x
P/B2.5x3.5x
P/S1.6x3.4x
ROCE16.0%11.0%
ROE11.5%12.5%
Operating margin11.0%21.0%
Revenue (TTM), indexed to 100₹31384 cr₹11505 cr
Net Profit (TTM)₹2345 cr₹1367 cr
Debt / Equity0.1x0.4x
Cash Conversion Cycle55d110d
Promoter holding27.8%58.3%
FII Holding17.4%10.3%
DII Holding12.1%24.6%
12M momentum-22.5%-11.8%
Drawdown from Peak-22.5%-39.5%
Cash conversion (3Y)1.7x1.4x
Interest cover11.9x14.3x
Share Count Change (1Y)0.0%0.0%
Volatility (1Y)22.5%33.5%

Latest month in the data: 2026-10. Highlight marks the higher value, or the lower value for P/E, P/B, P/S, debt, working-capital days, share count change and volatility. It marks a number, not a better investment.

Comparison is descriptive and historical. Highlights mark the higher or lower value on a metric, not a better investment. Not investment advice; ApnaFunda is not a SEBI-registered research analyst.