This research analyzes the financial performance of MRF Ltd focusing specifically on its liquidity and profitability over a decade (2014–2024). Utilizing essential financial ratios such as the current ratio, quick ratio, and cash ratio, the analysis assesses the company's capacity to fulfill short-term obligations. The results indicate that although MRF Ltd. has sustained a relatively stable liquidity position, it has consistently underperformed against optimal benchmarks, particularly in recent years, highlighting the necessity for enhanced working capital and quick asset management. These findings are vital for stakeholders evaluating the firm's short-term financial stability. The article examines MRF Ltd.'s profitability through various ratios, including gross profit margin, net profit margin, return on assets (ROA), and return on equity (ROE). The analysis reveals variable profitability trends, peaking in the middle of the decade, followed by significant declines and a recent resurgence. Although there were instances of falling short of optimal ratios, MRF has shown robust financial health and the ability to generate profits. This assessment provides important insights for investors and financial decision-makers, underscoring the necessity of ongoing performance evaluation and strategic financial planning.