MRF (NSE:MRF) Tax Rate %: 23.76% (As of Jun. 2026)

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NSE:MRF MRF Ltd NSE:MRF
92 GF Score
Price ₹130,985.00
GF Value ₹161,481.25
Valuation Modestly Undervalued
! 1 Warning Sign
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What is MRF Tax Rate %?

MRF NSE:MRF +0.15% 92 Tax Rate % is 23.76% as of Jun. 2026. GuruFocus rates NSE:MRF with a GF Score™ of 92/100 and a GF Value™ of ₹161,481.25 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. MRF's Tax Expense for the three months ended in Jun. 2026 was ₹1,543 Mil. MRF's Pre-Tax Income for the three months ended in Jun. 2026 was ₹6,497 Mil. Therefore, MRF's Tax Rate % for the quarter that ended in Jun. 2026 was 23.76%.

MRF Tax Rate % Related Terms

MRF Tax Rate % Historical Data

* Premium members only.

The historical data trend for MRF's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MRF Tax Rate % Chart

MRF Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.29 28.12 25.33 24.56 24.71

MRF Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.31 24.76 24.58 24.47 23.76
NSE:MRF
92GF Score
MRF Ltd NSE:MRF
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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MRF Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

MRF's Tax Rate % for the fiscal year that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (A: Mar. 2026 )/Pre-Tax Income (A: Mar. 2026 )
=7960.4/32221.4
=24.71 %

MRF's Tax Rate % for the quarter that ended in Jun. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2026 )/Pre-Tax Income (Q: Jun. 2026 )
=1543.4/6496.9
=23.76 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 23.76% mean?
MRF (NSE:MRF) has a Tax Rate % of 23.76% as of Jun. 2026.
Is MRF's Tax Rate % too high?
MRF's current Tax Rate % is 23.76%. Overall, MRF has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MRF's Tax Rate % compare to ORLY and AZO?
MRF's Tax Rate % of 23.76% can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Vehicles & Parts company?
A good Tax Rate % depends on the Vehicles & Parts industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. MRF's current Tax Rate % is 23.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MRF stock overvalued right now?
Based on GuruFocus' analysis, MRF (NSE:MRF) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹161,481.25, compared to a current price of ₹130,985.00 — trading 18.9% below its estimated fair value. The current Tax Rate % is 23.76%. MRF's overall GF Score™ is 92/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For MRF (NSE:MRF), the current Tax Rate % is 23.76% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MRF (NSE:MRF) Overvalued in 2026?

Based on GuruFocus' analysis, MRF stock appears to be undervalued. The current stock price of ₹130,985.00 is trading 18.9% below its estimated GF Value™ of ₹161,481.25. GuruFocus considers MRF to be Modestly Undervalued.

Key valuation signals for NSE:MRF:

  • Tax Rate %: 23.76%
  • GF Value™: ₹161,481.25 vs. price of ₹130,985.00 (18.9% below fair value)
  • GF Score™: 92/100 with 1 warning sign

No single metric tells the full story. See the NSE:MRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MRF Business Description

Other Exchanges 500290:India
Address No. 114, Greams Road, Chennai, TN, IND, 600006
MRF Ltd makes and sells rubber products, including tires, tubes, tread rubber, conveyor belts, and building and floor coatings. The firm's tires are used for automobiles, commercial trucks, and farm equipment. The company sells tires under the MRF brand name. MRF also operates multiple retail stores that sell tires and offer services. Stores under the MRF TireRok brand offer wheel alignment and air conditioning repair. MRF Musclezone stores offer tire servicing for commercial vehicles. MRF Tyredom stores offer a wheel alignment and car washes. The majority of revenue comes from India.
92GF Score

Get the complete analysis for NSE:MRF

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹130,985.00
Price
₹161,481.25
GF Value