Madras Rubber Factory (MRF) is India’s largest tyre manufacturer and one of the most iconic names in the Indian stock market. From a modest share price of ₹332 in 1990, MRF has become India’s most expensive stock, crossing the ₹1,00,000 milestone in 2021 and touching an all-time high of ₹1,51,445 in February 2024.
This post covers the MRF share price journey from 1990 to 2025, growth milestones, key financial insights, and the long-term investment perspective.
MRF Share Price in 1990
- In 1990, MRF’s share price was just ₹332 on the BSE.
- At that time, the company was still in its early growth phase in the stock market.
- Today (March 2025), MRF trades around ₹1.07 lakh, making it India’s second most costly stock after surpassing several blue-chip companies.
MRF Share Price From 1990 to 2025
| Year | Share Price (₹) |
|---|---|
| 1990 | 332 |
| 1992 | 735 |
| 1994 | 2000 |
| 2000 | 2820 |
| 2005 | 2700 |
| 2010 | 6595 |
| 2015 | 40288 |
| 2020 | 70964 |
| 2021 | 96456 |
| 2022 | 77255 |
| 2023 | 94402 |
| 2024 | 130734 |
| 2025 | 129374 |
(Full year-wise table available in the detailed chart above)
Key Points of MRF Growth
1. Early Growth (1990–2000)
- Started at ₹332 in 1990.
- Benefited from India’s 1991 economic liberalization.
- Crossed ₹2,000 by 1994, despite volatility from the Asian financial crisis.
2. Consolidation & Market Dominance (2000–2010)
- Price dipped during the 2001–2002 global slowdown.
- Recovered strongly, reaching ₹6,595 in 2010.
3. The Golden Decade (2010–2020)
- Huge demand in the automobile & tyre sector.
- Climbed from ₹6,595 (2010) to ₹96,456 (2021).
4. The ₹1 Lakh Milestone (2021–2025)
- In 2021, MRF became the first Indian stock to cross ₹1,00,000.
- Hit an all-time high of ₹1,51,445 on 23 Feb 2024.
- Current price (2025): ~₹1,29,374.
Investment Perspective
- If you invested ₹1 lakh in MRF in 1990, it would be worth around ₹3.9 crore by 2024.
- This shows the power of long-term investing in fundamentally strong companies.
- MRF is considered a blue-chip stock with limited volatility compared to midcaps.
Also Read: Wipro Share Price in 1980 and Multibagger Story
About MRF Company
- Founded: 1946 by K. M. Mammen Mappillai
- Headquarters: Chennai, Tamil Nadu
- Products: Tyres for two-wheelers, cars, trucks, buses, off-road vehicles
- Ticker Symbol: MRF (listed on NSE & BSE)
- Market Cap: ~₹56,773 crore (2025)
- 52-Week High/Low: ₹1,45,735.90 / ₹1,02,124.05
- Face Value: ₹10 per share
📝 Conclusion
The journey of MRF share price from ₹332 in 1990 to over ₹1.5 lakh in 2024 shows how long-term investment in fundamentally strong businesses can generate massive wealth.
Despite market volatility, MRF continues to be a blue-chip stock and a benchmark for high-value shares in India. Investors with a long-term horizon view it as a steady wealth creator.
Question and Answer About MRF Share History
The MRF share price in 1990 was 332 rupees.
MRF Company was not listed on the Indian stock market in 1980.
The share price of MRF in 1993 was 925.
The price of MRF in 2000 was 2820 rupees.
The face value of MRF Share is 10 Rupees.
Madras Rubber Factory (MRF).
The highest share price of MRF was 151445 rupees on February 23, 2024.
