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MRF is engaged in the manufacturing, distribution and sale of tyres for various kinds of vehicles. The company offers tyre shopping, tyredrome and tyre maintenance services. It provides an institute for driver development. It is also India’s largest Original Equipment Manufacturer (OEM) tyre supplier with an expansive tyre range from two-wheelers to fighter aircrafts. MRF and its Subsidiaries (collectively, the Group) is engaged in the manufacture of Rubber Products such as Tyres, Tubes, Flaps, Tread Rubber and dealing and or Trading in Rubber and Rubber Chemicals. MRF Corp, a subsidiary company, is engaged in the manufacture of specialty coatings.
MRF major competitors are Balkrishna Inds., Apollo Tyres, CEAT, JK Tyres & Inds., TVS Srichakra, Goodyear India, PTL Enterprises.
Market Cap of MRF is ₹64,811 Crs.
While the median market cap of its peers are ₹14,541 Crs.
MRF seems to be financially stable compared to its competitors.
The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
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