{"id":10048,"date":"2024-09-11T08:41:18","date_gmt":"2024-09-11T08:41:18","guid":{"rendered":"https:\/\/wp-api.pocketful.in\/blog\/?p=10048"},"modified":"2025-01-22T09:51:14","modified_gmt":"2025-01-22T09:51:14","slug":"mrf-vs-apollo-tyres","status":"publish","type":"post","link":"https:\/\/wp-api.pocketful.in\/blog\/mrf-vs-apollo-tyres\/","title":{"rendered":"MRF vs Apollo Tyres: Which is Better?"},"content":{"rendered":"\n<p>The Indian auto industry is a powerhouse driven by a thriving tyre sector that keeps its wheels turning. The Indian tyre industry showcases a diverse range of companies, each with its unique strengths and specialities.&nbsp;<\/p>\n\n\n\n<p>In today\u2019s blog, we will compare MRF and Apollo Tyres.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/wp-api.pocketful.in\/blog\/mrf-vs-apollo-tyres\/#MRF_Overview\" title=\"MRF Overview\">MRF Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/wp-api.pocketful.in\/blog\/mrf-vs-apollo-tyres\/#Apollo_Tyres_Overview\" title=\"Apollo Tyres Overview\">Apollo Tyres Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/wp-api.pocketful.in\/blog\/mrf-vs-apollo-tyres\/#Companys_Comparative_Study\" title=\"Company\u2019s Comparative Study\">Company\u2019s Comparative Study<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/wp-api.pocketful.in\/blog\/mrf-vs-apollo-tyres\/#Financial_Statements_Comparison\" title=\"Financial Statements Comparison\">Financial Statements Comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/wp-api.pocketful.in\/blog\/mrf-vs-apollo-tyres\/#Key_Performance_Indicators\" title=\"Key Performance Indicators\">Key Performance Indicators<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/wp-api.pocketful.in\/blog\/mrf-vs-apollo-tyres\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/wp-api.pocketful.in\/blog\/mrf-vs-apollo-tyres\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"h-mrf-overview\"><span class=\"ez-toc-section\" id=\"MRF_Overview\"><\/span>MRF Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.pocketful.in\/stocks\/mrf-ltd\">MRF<\/a> is an Indian multinational tyre manufacturing company with its headquarters in Chennai, Tamil Nadu. Founded in 1946 by K.M. Mammen Mappillai, it started as a toy balloon manufacturing unit and has grown into a tyre giant. The company manufactures a wide range of products, including tyres for two-wheelers, cars, trucks, and even airplanes. It also manufactures tyres, treads, tubes, conveyor belts, paints, and toys.<\/p>\n\n\n\n<p>MRF is the largest tyre manufacturer in India and ranks among the top 20 globally. They are well-recognized for their high-quality tyres and extensive reach across the country.<\/p>\n\n\n\n<p>It was incorporated as a private company, Madras Rubber Factory Limited, and began tyre production in partnership with an American company, Mansfield Tire &amp; Rubber Factory.<\/p>\n\n\n\n<p>MRF has a wide distribution network in India, serving retail stores, dealerships, and car manufacturers. The company sells tyres directly to manufacturers (B2B) for factory use and also has a strong presence in the replacement tyre market for individual consumers (B2C).<\/p>\n\n\n\n<p>They achieve this reach through an extensive network of franchised stores and dealers. The company focuses on offering excellent customer service through initiatives like roadside assistance programs and informative resources on its website.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-apollo-tyres-overview\"><span class=\"ez-toc-section\" id=\"Apollo_Tyres_Overview\"><\/span>Apollo Tyres Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.pocketful.in\/stocks\/apollo-tyres-ltd\">Apollo Tyres Limited<\/a> is an Indian multinational tyre manufacturing company headquartered in Gurgaon, Haryana. The company was established in 1972 by Onkar Kanwar, and since then, it has grown from a domestic Indian company to a global tyre manufacturer with a presence in over 100 countries. Apollo caters to a wide range of segments, including passenger vehicles, two-wheelers, trucks, buses, and light trucks.<\/p>\n\n\n\n<p>In the 1990s, Apollo Tyres expanded globally with an ambitious strategy. The company acquired manufacturing facilities in the Netherlands in 2009 to better serve the European market.<\/p>\n\n\n\n<p>The company employs a multifaceted business model, successfully integrating manufacturing, branding, and a customer-centric approach. This strategic blend enables the company to effectively compete in the highly competitive global tyre market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-company-s-comparative-study\"><span class=\"ez-toc-section\" id=\"Companys_Comparative_Study\"><\/span>Company\u2019s Comparative Study<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table class=\"has-fixed-layout\"><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Particular<\/th><th class=\"has-text-align-center\" data-align=\"center\">MRF<\/th><th class=\"has-text-align-center\" data-align=\"center\">Apollo Tyres<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Current Share Price<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">INR 1,38,616<\/td><td class=\"has-text-align-center\" data-align=\"center\">INR 504<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Market Capitalization (in INR Crores)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">58,773<\/td><td class=\"has-text-align-center\" data-align=\"center\">32,025<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>52 Week High Price<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">INR 1,51,445<\/td><td class=\"has-text-align-center\" data-align=\"center\">INR 568<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>52-Week Low Price<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">INR 1,06,391<\/td><td class=\"has-text-align-center\" data-align=\"center\">INR 365<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>FIIs Holdings (%)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">19.08<\/td><td class=\"has-text-align-center\" data-align=\"center\">14.46<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>DIIs Holdings (%)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">10.74<\/td><td class=\"has-text-align-center\" data-align=\"center\">26.69<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Book Value per Share<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">INR 39,384<\/td><td class=\"has-text-align-center\" data-align=\"center\">INR 219<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>PE Ratio (x)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">28.5<\/td><td class=\"has-text-align-center\" data-align=\"center\">18.8<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><em>(Data as of 27 August 2024)<\/em><\/figcaption><\/figure>\n\n\n\n<p><strong>Read Also: <\/strong><a href=\"https:\/\/wp-api.pocketful.in\/blog\/apollo-hospitals-case-study\/\">Apollo Hospitals Case Study : Business Model, Financial Statements, And SWOT Analysis<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-financial-statements-comparison\"><span class=\"ez-toc-section\" id=\"Financial_Statements_Comparison\"><\/span>Financial Statements Comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-income-statement-comparison-fy-2024\">Income Statement Comparison (FY 2024)<\/h3>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Particular<\/th><th class=\"has-text-align-center\" data-align=\"center\">MRF<\/th><th class=\"has-text-align-center\" data-align=\"center\">Apollo Tyres<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Sales<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">25,169<\/td><td class=\"has-text-align-center\" data-align=\"center\">25,377<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Total Income<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">25,486<\/td><td class=\"has-text-align-center\" data-align=\"center\">25,531<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Total Expenditure<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">22,345<\/td><td class=\"has-text-align-center\" data-align=\"center\">22,485<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Net Profit<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">2,081<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,721<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><em>(The figures mentioned above are in INR crores unless stated otherwise)<\/em><\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"752\" height=\"452\" src=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/08\/Income-Statement-of-MRF-vs-Apollo-Tyres-1.png\" alt=\"Income Statement of MRF vs Apollo Tyres\" class=\"wp-image-10055\" srcset=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/08\/Income-Statement-of-MRF-vs-Apollo-Tyres-1.png 752w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/08\/Income-Statement-of-MRF-vs-Apollo-Tyres-1-300x180.png 300w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/08\/Income-Statement-of-MRF-vs-Apollo-Tyres-1-150x90.png 150w\" sizes=\"auto, (max-width: 752px) 100vw, 752px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-balance-sheet-comparison-fy-2024\">Balance Sheet Comparison (FY 2024)<\/h3>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table class=\"has-fixed-layout\"><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Particular<\/th><th class=\"has-text-align-center\" data-align=\"center\">MRF<\/th><th class=\"has-text-align-center\" data-align=\"center\">Apollo Tyres<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Non-current Liabilities<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">2,436<\/td><td class=\"has-text-align-center\" data-align=\"center\">6,011<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Current Liabilities<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">7,710<\/td><td class=\"has-text-align-center\" data-align=\"center\">7,043<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Non-current Assets<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">16,300<\/td><td class=\"has-text-align-center\" data-align=\"center\">17,930<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Current Assets<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">10,550<\/td><td class=\"has-text-align-center\" data-align=\"center\">9,028<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Total Shareholder Funds<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">16,703<\/td><td class=\"has-text-align-center\" data-align=\"center\">13,902<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><em>(The figures mentioned above are in INR crores unless stated otherwise)<\/em><\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"752\" height=\"452\" src=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/08\/Balance-Sheet-of-MRF-vs-Apollo-Tyres.png\" alt=\"Balance Sheet of MRF vs Apollo Tyres\" class=\"wp-image-10057\" srcset=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/08\/Balance-Sheet-of-MRF-vs-Apollo-Tyres.png 752w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/08\/Balance-Sheet-of-MRF-vs-Apollo-Tyres-300x180.png 300w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/08\/Balance-Sheet-of-MRF-vs-Apollo-Tyres-150x90.png 150w\" sizes=\"auto, (max-width: 752px) 100vw, 752px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-cash-flow-statement-comparison-fy-2024\">Cash Flow Statement Comparison (FY 2024)<\/h3>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table class=\"has-fixed-layout\"><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Particular<\/th><th class=\"has-text-align-center\" data-align=\"center\">MRF<\/th><th class=\"has-text-align-center\" data-align=\"center\">Apollo Tyres<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Cash Flow from Operating Activities<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">3,300<\/td><td class=\"has-text-align-center\" data-align=\"center\">3,439<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Cash Flow from Investing Activities<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">-2,379<\/td><td class=\"has-text-align-center\" data-align=\"center\">-710<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Cash Flow from Financing Activities<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">-868<\/td><td class=\"has-text-align-center\" data-align=\"center\">-2,659<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><em>(The figures mentioned above are in INR crores unless stated otherwise)<\/em><\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"752\" height=\"452\" src=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/08\/Cash-Flow-Statement-of-MRF-vs-Apollo-Tyres.png\" alt=\"Cash Flow Statement of MRF vs Apollo Tyres\" class=\"wp-image-10058\" srcset=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/08\/Cash-Flow-Statement-of-MRF-vs-Apollo-Tyres.png 752w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/08\/Cash-Flow-Statement-of-MRF-vs-Apollo-Tyres-300x180.png 300w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/08\/Cash-Flow-Statement-of-MRF-vs-Apollo-Tyres-150x90.png 150w\" sizes=\"auto, (max-width: 752px) 100vw, 752px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\" id=\"h-key-performance-indicators\"><span class=\"ez-toc-section\" id=\"Key_Performance_Indicators\"><\/span>Key Performance Indicators<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table class=\"has-fixed-layout\"><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Particular<\/th><th class=\"has-text-align-center\" data-align=\"center\">MRF<\/th><th class=\"has-text-align-center\" data-align=\"center\">Apollo Tyres<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Net Profit Margin (%)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">8.26<\/td><td class=\"has-text-align-center\" data-align=\"center\">6.78<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>ROE (%)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">12.46<\/td><td class=\"has-text-align-center\" data-align=\"center\">12.38<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>ROCE (%)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">16.40<\/td><td class=\"has-text-align-center\" data-align=\"center\">15.68<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Current Ratio<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">1.37<\/td><td class=\"has-text-align-center\" data-align=\"center\">1.28<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Debt to Equity Ratio<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">0.12<\/td><td class=\"has-text-align-center\" data-align=\"center\">0.28<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><em>(all the above data is of the year ended March 2024)<\/em><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-conclusion\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The comparison between MRF and Apollo Tyres presented above leads us to conclude that while both MRF and Apollo Tyres have comparable sales, MRF posts higher net profit margins. Moreover, MRF has a slightly higher ROE and ROCE metric as compared to the metrics of Apollo Tyres. However, it is advised to speak with an investment expert before making investment decisions.<\/p>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">S.NO.<\/th><th class=\"has-text-align-left\" data-align=\"left\">Check Out These Interesting Posts You Might Enjoy!<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">1<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/wp-api.pocketful.in\/blog\/apollo-hospitals-vs-fortis-healthcare\/\" target=\"_blank\" rel=\"noreferrer noopener\">Apollo Hospitals vs Fortis Healthcare:<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">2<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/wp-api.pocketful.in\/blog\/flair-vs-doms-unveiling-the-best-in-stationery-industry\/\" target=\"_blank\" rel=\"noreferrer noopener\">Flair Vs DOMS<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">3<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/wp-api.pocketful.in\/blog\/mahindra-mahindra-vs-tata-motors\/\" target=\"_blank\" rel=\"noreferrer noopener\">Mahindra &amp; Mahindra vs Tata Motors<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">4<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/wp-api.pocketful.in\/blog\/tata-power-vs-adani-power\/\" target=\"_blank\" rel=\"noreferrer noopener\">Tata Power Vs Adani Power<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">5<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/wp-api.pocketful.in\/blog\/tata-steel-vs-jsw-steel\/\" target=\"_blank\" rel=\"noreferrer noopener\">Tata Steel vs. JSW Steel<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-frequently-asked-questions-faqs\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"saswp-faq-block-section\"><ol style=\"list-style-type:none\"><li style=\"list-style-type: none\"><h3 class=\"\">Who is the founder of MRF?<\/h3><p class=\"saswp-faq-answer-text\">K.M. Mammen Mappillai established MRF in 1946.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">What is the full form of MRF?<\/h3><p class=\"saswp-faq-answer-text\">MRF stands for Madras Rubber Factory.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Who is the managing director of Apollo Tyres?<\/h3><p class=\"saswp-faq-answer-text\">Neeraj Kanwar is the Managing Director of Apollo Tyres.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Which company is more profitable: MRF or Apollo Tyres?<\/h3><p class=\"saswp-faq-answer-text\">MRF has a net profit of INR 2,081 crores compared to INR 1,721 crores for Apollo Tyres for FY 2024.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Which company has a larger market capitalization: MRF or Apollo Tyres?<\/h3><p class=\"saswp-faq-answer-text\">MRF has a larger market capitalization than Apollo Tyres as of 27 August 2024.<\/p><\/ul><\/div>","protected":false},"excerpt":{"rendered":"<p>The Indian auto industry is a powerhouse driven by a thriving tyre sector that keeps its wheels turning. The Indian tyre industry showcases a diverse range of companies, each with its unique strengths and specialities.&nbsp; In today\u2019s blog, we will compare MRF and Apollo Tyres. MRF Overview MRF is an Indian multinational tyre manufacturing company [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":10571,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"is_paper_insight":false,"paper_insight_image":0,"paper_insight_pdf":0,"paper_insight_ppt":0,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-10048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-study"],"acf":{"freelancer":"Harjyot"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.13 (Yoast SEO v21.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MRF vs Apollo Tyres: Financials &amp; Performance - Pocketful<\/title>\n<meta name=\"description\" content=\"In-depth comparison of MRF and Apollo Tyres, covering financial details, market performance, and key differences between these major tyre brands.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MRF vs Apollo Tyres: Which is Better?\" \/>\n<meta property=\"og:description\" content=\"In-depth comparison of MRF and Apollo Tyres, covering financial details, market performance, and key differences between these major tyre brands.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wp-api.pocketful.in\/blog\/mrf-vs-apollo-tyres\/\" \/>\n<meta property=\"og:site_name\" content=\"Pocketful\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Pocketful.HQ\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-11T08:41:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-22T09:51:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wp-api.pocketful.in\/blog\/wp-content\/uploads\/2024\/08\/MRF-vs-Apollo-Tyres.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1497\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Harjyot Singh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Pocketful_HQ\" \/>\n<meta name=\"twitter:site\" content=\"@Pocketful_HQ\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Harjyot Singh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"MRF vs Apollo Tyres: Financials & Performance - 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