TRF
Capital Goods
TRF NSE
₹199.12 No trade today
- P/E
- Not meaningful: loss-making over the last twelve months
Close 4 Nov 2026 ₹199.12 −115.43 −36.7% 1Y
Start ₹314.55
Key Fundamentals
MicrocapIndustrial ManufacturingCapital GoodsPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 9.42%
- Debt to Equity
- Not meaningful: shareholders’ equity is negative
- EPS (TTM)
- −₹5.54
- Book Value
- —
- Market Cap
- —
- P/E (TTM)
- Not meaningful: loss-making over the last twelve months
- P/B
- Not meaningful: book value is negative
- ROE
- Not meaningful: shareholders’ equity is negative
- Dividend Yield
- 0.00%
- EBITDA
- ₹24.60 Cr
- 52W High
- ₹332.95
- 52W Low
- ₹190.00
- Volume
- 0
Peer Comparison
Industrials › Capital Goods › Industrial Products
| ₹1,240.10 | 106.91 | ₹59,516 Cr | 18.47 | 0.55% | 23.40% | 25.00% | ₹3,482 Cr | ₹562 Cr | |
| ₹3,999.80 | 98.59 | ₹46,234 Cr | 14.53 | 0.04% | 25.40% | 28.60% | ₹4,883 Cr | ₹477 Cr | |
| ₹1,512.60 | 79.19 | ₹28,543 Cr | 9.59 | 0.10% | 14.00% | 16.80% | ₹5,464 Cr | ₹401 Cr | |
| ₹29,810.00 | 47.82 | ₹25,976 Cr | 5.65 | 0.38% | 12.60% | 17.00% | ₹4,703 Cr | ₹552 Cr | |
| ₹1,034.95 | 73.19 | ₹22,990 Cr | 11.01 | 0.00% | 18.20% | 21.30% | ₹2,191 Cr | ₹323 Cr | |
| ₹3,330.00 | 64.57 | ₹21,957 Cr | 4.71 | 0.00% | 8.69% | 12.70% | ₹3,899 Cr | ₹345 Cr | |
| ₹17,358.00 | 106.09 | ₹18,108 Cr | 6.10 | 0.21% | 4.05% | 5.58% | ₹3,374 Cr | ₹176 Cr | |
| TRF (this company) | ₹199.12 | — | ₹221 Cr | — | 0.00% | — | 9.42% | ₹88 Cr | −₹6 Cr |
| Median 8 companies | ₹2,421.30 | 79.19 | ₹24,483 Cr | 9.59 | 0.07% | 14.00% | 16.90% | ₹3,690 Cr | ₹373 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
40 Weak
Data confidence 88/100
Category scores
- Quality
- 47
- Average
- Returns, margins, earnings quality 22% weight
- Valuation
- 47
- Average
- Cheap vs sector & own history 24% weight
- Growth
- 14
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 33
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 24
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 49
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Debtor days have improved from 153 to 107 days.
Weaknesses
5- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -5.69% over past five years.
- Promoter holding is low: 34.1%
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.6.64 Cr.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 12 | 3 | 4 |
| Oscillators | Bullish | 2 | 3 | 4 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Bullish
Bearish
2
Neutral
3
Bullish
4
Overall
Strong Bearish
Bearish
12
Neutral
3
Bullish
4
Moving Averages
Strong Bearish
Bearish
10
Neutral
0
Bullish
0
Key readings
- RSI (14)
- 44.39
- Neutral
- MACD (12,26,9)
- −4.67
- Bearish
- SMA (50)
- 214.37
- Bearish
- SMA (200)
- 239.28
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | −21.54% |
|---|---|
| 5Y | −5.69% |
| 3Y | −21.70% |
| 1Y | −29.57% |
| TTM | −17.73% |
Net profit
| 10Y | Loss narrowed by ₹36.48 Cr |
|---|---|
| 5Y | Loss narrowed by ₹88.64 Cr |
| 3Y | Turned to loss |
| 1Y | Turned to loss |
| TTM | Turned to loss |
Operating cash flow
| 10Y | Turned negative |
|---|---|
| 5Y | Turned negative |
| 3Y | Turned negative |
| 1Y | Turned negative |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +8.63 pp |
|---|---|
| 5Y | +43.14 pp |
| 3Y | −22.75 pp |
| 1Y | −14.13 pp |
| TTM | −18.18 pp |
Revenue by year
| Mar 2017 | ₹550 Cr |
|---|---|
| Mar 2018 | ₹432 Cr |
| Mar 2019 | ₹223 Cr |
| Mar 2020 | ₹185 Cr |
| Mar 2021 | ₹114 Cr |
| Mar 2022 | ₹127 Cr |
| Mar 2023 | ₹177 Cr |
| Mar 2024 | ₹140 Cr |
| Mar 2025 | ₹121 Cr |
| Mar 2026 | ₹85.03 Cr |
Net profit by year
| Mar 2017 | −₹24.10 Cr |
|---|---|
| Mar 2018 | −₹134 Cr |
| Mar 2019 | −₹34.86 Cr |
| Mar 2020 | −₹185 Cr |
| Mar 2021 | −₹93.11 Cr |
| Mar 2022 | −₹23.04 Cr |
| Mar 2023 | ₹88.58 Cr |
| Mar 2024 | ₹34.60 Cr |
| Mar 2025 | ₹25.79 Cr |
| Mar 2026 | −₹4.47 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 33.91 | 39.27 | 28.77 | 38 | 37.62 | 32.7 | 23.31 | 27.11 | 23.42 | 22.34 | 19.89 | 19.39 | 26.03 | 35.96 |
| Expenses | 23.91 | 30.62 | 17.06 | 32.69 | 32.47 | 25.94 | 11.8 | 20.88 | 20.22 | 17.27 | 13.19 | 25.64 | 24.7 | 31.48 |
| Operating Profit | 10 | 8.65 | 11.71 | 5.31 | 5.15 | 6.76 | 11.51 | 6.23 | 3.2 | 5.07 | 6.7 | −6.25 | 1.33 | 4.47 |
| OPM % | 29.49% | 22.03% | 40.7% | 13.97% | 13.69% | 20.67% | 49.38% | 22.98% | 13.66% | 22.69% | 33.69% | −32.23% | 5.11% | 12.43% |
| Other Income | 2.54 | 13.23 | 2.83 | 6.11 | 3.87 | 3.64 | 4.01 | 6.53 | 3.78 | −6.96 | 3.65 | 4.06 | 5.89 | 50.74 |
| Interest | 3.29 | 2.97 | 3.1 | 4.5 | 3.47 | 3.75 | 3.6 | 3.23 | 2.81 | 4.16 | 3.83 | 4.01 | 4.55 | 4.52 |
| Depreciation | 0.5 | 0.57 | 0.55 | 0.62 | 0.57 | 0.63 | 0.65 | 0.87 | 0.66 | 0.71 | 0.78 | 0.77 | 0.8 | 0.81 |
| PBT | 8.75 | 18.34 | 10.89 | 6.3 | 4.99 | 6.02 | 11.27 | 8.66 | 3.51 | −6.76 | 5.74 | −6.96 | 1.88 | 49.88 |
| Tax % | 0% | 0% | 63.03% | 0% | 0% | 0% | 0% | 59.35% | 0% | 0.74% | 0% | −0.86% | 0% | 0.08% |
| Net Profit | 8.76 | 18.33 | 1.21 | 6.3 | 4.99 | 6.02 | 11.27 | 3.52 | 3.51 | −6.81 | 5.74 | −6.91 | 1.88 | 49.85 |
| EPS (₹) | 7.96 | 16.66 | 1.1 | 5.72 | 4.53 | 5.47 | 10.24 | 3.2 | 3.19 | −6.19 | 5.22 | −6.28 | 1.71 | — |
Sep 2026: from the results filed on 13 Oct 2026, ahead of the full statement, so some rows are blank.
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,113 | 962 | 550 | 432 | 223 | 185 | 114 | 127 | 177 | 140 | 121 | 85.03 | 87.65 |
| Expenses | 1,197 | 946 | 585 | 575 | 314 | 339 | 151 | 131 | 119 | 104 | 91.27 | 76.3 | 80.8 |
| Operating Profit | −83.83 | 15.76 | −34.61 | −143 | −91.06 | −154 | −37.45 | −3.87 | 58.48 | 35.67 | 29.46 | 8.73 | 6.85 |
| OPM % | −7.53% | 1.64% | −6.29% | −33.12% | −40.82% | −83.05% | −32.87% | −3.04% | 33.02% | 25.49% | 24.4% | 10.27% | 7.82% |
| Other Income | 101 | 11.52 | 42.68 | 44.86 | 120 | 9.75 | −14.89 | 13.85 | 50.18 | 17.11 | 18.05 | 4.53 | 6.64 |
| Interest | 58.04 | 56.51 | 47.76 | 48.95 | 60.88 | 37.43 | 38 | 30.62 | 24.75 | 13.86 | 14.06 | 14.82 | 16.55 |
| Depreciation | 13.75 | 9.65 | 5.53 | 4.99 | 3.39 | 3.3 | 2.74 | 2.42 | 2.01 | 2.24 | 2.52 | 2.91 | 3.06 |
| PBT | −54.46 | −38.88 | −45.22 | −152 | −34.85 | −185 | −93.08 | −23.06 | 81.9 | 36.68 | 30.93 | −4.47 | −6.12 |
| Tax % | 15.77% | 5.32% | −46.7% | −11.84% | 0.03% | 0.02% | 0.03% | −0.04% | −8.16% | 5.67% | 16.62% | 0% | — |
| Net Profit | −63.04 | −40.95 | −24.1 | −134 | −34.86 | −185 | −93.11 | −23.04 | 88.58 | 34.6 | 25.79 | −4.47 | −6.1 |
| EPS (₹) | −59.05 | −37.15 | −21.9 | −122 | −31.41 | −168 | −84.61 | −20.94 | 80.5 | 31.44 | 23.44 | −4.06 | −5.54 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | −27.2 | −59.73 | −92.38 | −212 | −238 | −417 | −508 | −531 | −412 | −395 | −367 | −349 |
| Borrowings | 602 | 621 | 561 | 399 | 457 | 531 | 494 | 523 | 507 | 542 | 554 | 552 |
| Other Liabilities | 782 | 730 | 718 | 893 | 450 | 445 | 427 | 365 | 207 | 151 | 141 | 135 |
| Total Liabilities | 1,368 | 1,302 | 1,198 | 1,091 | 680 | 570 | 424 | 368 | 314 | 310 | 339 | 349 |
| Fixed Assets | 245 | 226 | 209 | 194 | 113 | 22.55 | 19.95 | 18.11 | 17.17 | 19.44 | 20.61 | 25.68 |
| CWIP | 0.03 | 0.15 | 0.75 | 0.78 | 1.48 | 0 | 0 | 0 | 0 | 0 | 0.94 | 2.3 |
| Investments | 0.23 | 18.01 | 17.72 | 18.9 | 27.95 | 0.43 | 0.75 | 0.74 | 61.69 | 65.56 | 19.86 | 226 |
| Other Assets | 1,122 | 1,058 | 970 | 877 | 539 | 547 | 404 | 349 | 235 | 225 | 298 | 94.68 |
| Total Assets | 1,368 | 1,302 | 1,198 | 1,091 | 680 | 570 | 424 | 368 | 314 | 310 | 339 | 349 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 57.61 | 1.83 | 111 | 55.22 | −107 | −55.75 | 20.96 | −37.68 | 83.1 | 33.9 | 93.56 | −0.07 |
| Investing | 46.96 | 3.89 | 2.06 | 25.19 | 134 | 1.47 | 60.51 | 6.33 | −50.12 | 14.8 | −111 | −41.34 |
| Financing | −87.69 | −33.54 | −109 | −70.01 | −10.91 | 63.92 | −79.13 | 8.93 | −30.31 | 0.49 | −0.62 | −0.61 |
| Net Cash Flow | 16.88 | −27.82 | 3.07 | 10.4 | 16.21 | 9.65 | 2.35 | −22.42 | 2.66 | 49.2 | −17.91 | −42.03 |
| Free Cash Flow | 104 | −7.34 | 113 | 52.02 | −110 | −56.51 | 20.55 | −37.26 | 81.81 | 28.98 | 89.76 | −8.47 |
| CFO/OP | −60 | 5 | −336 | −46 | 118 | 33 | −53 | 883 | 122 | 112 | 327 | 11 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 209 | 242 | 366 | 321 | 490 | 433 | 616 | 400 | 130 | 258 | 93.12 | 107 |
| Inventory Days | 143 | 148 | 243 | 130 | 355 | 434 | 554 | 245 | 229 | 130 | — | 658 |
| Days Payable | 220 | 243 | 459 | 401 | 1,051 | 1,569 | 2,396 | 1,473 | 1,378 | 1,050 | — | 1,973 |
| Cash Conversion Cycle | 132 | 146 | 150 | 50.32 | −207 | −701 | −1,227 | −828 | −1,020 | −662 | 93.12 | −1,208 |
| Working Capital Days | −21.57 | −50.66 | −147 | −105 | −364 | −534 | −951 | −827 | −88.44 | −61.57 | −190 | −241 |
| ROCE % | −6.35% | 3.12% | −0.37% | −30.34% | −5.21% | −83.07% | −58.48% | — | 188.39% | 37.59% | 21.81% | 9.42% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view TRF insights
62 extracted metrics across FY12–FY27.
Documents
- Concall · Aug 2026PPT
- Concall · Jul 2025PPT
- Concall · Jun 2021Transcript
- 16 Jul 2026
- 12 May 2026
- 29 Jan 2026
- 28 Oct 2025
- 8 Jan 2025
- 15 Feb 2024
- 3 Jan 2024
- 27 Dec 2022
- 4 Oct 2022
- General announcements 12 Oct 2026
Frequently Asked Questions about TRF
What does TRF Ltd do?
Incorporated in 1962, TRF Ltd undertakes turnkey projects of material handling for tinfrastructure sector and is engaged in production of such material handling equipments along with provding services relating to design and engineering, super vision, etc.
Where is TRF Ltd (TRF) listed?
TRF Ltd trades as TRF on the NSE and under code 505854 on the BSE.
Which sector does TRF Ltd belong to?
TRF Ltd is classified under the Capital Goods sector, in the Industrial Products industry.
What is the 52-week high and low of TRF Ltd?
Over the last 52 weeks TRF Ltd has traded between ₹190 and ₹332.95 as of 4 Nov 2026.
Company Information
Incorporated in 1962, TRF Ltd undertakes turnkey projects of material handling for tinfrastructure sector and is engaged in production of such material handling equipments along with provding services relating to design and engineering, super vision, etc.
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