TRF
TRF NSE
TRF
IndustrialsNSE: TRF BSE: 505854 Industrial Manufacturing
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsMarket Cap
₹243 Cr
Volatility
Moderate
P/E Ratio
-39.8
EBITDA
₹24.60 Cr
Return on Equity
-5.3%
Debt to Equity
0.3
Book Value
₹-307.49
EPS
₹33.58
52W High
₹405
52W Low
₹215.5
Tapetide Score
Data-driven rating, 0–100. How it works →
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.
Growth Rate
Revenue Growth
-27.23% lower than
3Y
Net Income Growth
-117% lower than
3Y
Cash Flow Change
-100% level than
3Y
ROE
-117% lower than
3Y
ROCE
-79.02% higher than
3Y
EBITDA Margin (Avg.)
-28.69% higher than
3Y
Quarterly Results
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| 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% |
| Other Income | 2.54 | 13.23 | -4.76 | 6.11 | 3.87 | 3.64 | 4.01 | 6.53 | 3.78 | -6.96 | 3.65 | 4.06 | 5.89 |
| 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 |
| 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 |
| PBT | 8.75 | 18.34 | 3.3 | 6.3 | 4.98 | 6.02 | 11.27 | 8.66 | 3.51 | -6.76 | 5.74 | -6.97 | 1.87 |
| Tax % | 0% | 0% | 63.03% | 0% | 0% | 0% | 0% | 59.35% | 0% | 0.74% | 0% | -0.86% | 0% |
| 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 |
| EPS in Rs | 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 |
Profit & Loss
| 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 in Rs | -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
| 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
| 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
56 extracted metrics + investor summaries across FY15–FY26.
Documents
1
Intimation To The Holders Of Physical Shares To Furnish KYC Details
8 May - TRF asks physical shareholders to update KYC details with RTA as per SEBI circulars. 8 May - TRF asks physical shareholders to update KYC details with RTA as per SEBI circulars.
2
Board Meeting Intimation for Consideration And Approval Of Financial Results For The Quarter And Year Ended March 31, 2026.
7 May - Board meets on May 12, 2026 to approve Q4 and FY26 standalone and consolidated results. 7 May - Board meets on May 12, 2026 to approve Q4 and FY26 standalone and consolidated results.
3
Announcement under Regulation 30 (LODR)-Newspaper Publication
22 Apr - Newspaper Advertisement- Disclosure under Regulation 30 of SEBI LODR Regulations, 2015 22 Apr - Newspaper Advertisement- Disclosure under Regulation 30 of SEBI LODR Regulations, 2015
4
Announcement under Regulation 30 (LODR)-Newspaper Publication
9h - Newspaper Advertisement- Disclosure under Regulation 30 of SEBI LODR Regulations, 2015 9h - Newspaper Advertisement- Disclosure under Regulation 30 of SEBI LODR Regulations, 2015
5
Announcement under Regulation 30 (LODR)-Change in Management
14 Apr - Kumar Vivek exits as Head-Manufacturing on April 14, 2026; Ravi Rao Manda appointed effective April 15, 2026. 14 Apr - Kumar Vivek exits as Head-Manufacturing on April 14, 2026; Ravi Rao Manda appointed effective April 15, 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.[1]
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 Industrials sector, in the Industrial Manufacturing industry.
What is the market capitalisation of TRF Ltd?
TRF Ltd has a market capitalisation of ₹243.29 Cr, which places it in the Small Cap band.
What is the PE ratio of TRF Ltd?
TRF Ltd trades at a PE ratio of -39.80, on earnings per share of ₹33.58, against a book value of ₹-307.49 per share.
What is the 52-week high and low of TRF Ltd?
Over the last 52 weeks TRF Ltd has traded between ₹215.5 and ₹405.
What is the Return on Equity (ROE) of TRF Ltd?
TRF Ltd reported a return on equity of -5.30%. Its debt-to-equity ratio is 0.30.
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.[1]
Website trf.co.in
CEO Mr. Umesh Kumar Singh
Employees 422
Listed 2010-03-26
Face Value ₹ 10
Issued Size 1,10,04,412
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/TRF.md for TRF Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live,
structured queries instead of documents, use our MCP server.