---
title: "Trom Industries Ltd (TROM) — Share Price, Financials & Analysis"
symbol: "TROM"
company: "Trom Industries Ltd"
canonical: "https://tapetide.com/stocks/TROM"
isin: "INE0SYV01018"
nse_symbol: "TROM"
sector: "Industrials"
industry: "Electrical Equipment"
market_cap_cr: 51.54
generated_at: "2026-09-13T18:53:18.472Z"
---

# Trom Industries Ltd (TROM)

Canonical page: https://tapetide.com/stocks/TROM

## Company

- **NSE Symbol:** TROM
- **ISIN:** INE0SYV01018
- **Sector:** Industrials
- **Industry:** Electrical Equipment
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2024-08-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** tromindustries.com

## About

Incorporated in 2011, Trom Industries Ltd is engaged in the solar EPC business[1]

## Latest Price

- **Price:** ₹58.05
- **Change:** -2.45 (-4.05%)
- **Open:** ₹56.05
- **Day High:** ₹58.05
- **Day Low:** ₹56.05
- **Previous Close:** ₹60.5
- **Volume:** 1800
- **As Of:** 2026-09-11T04:59:54+00:00

## Key Fundamentals

Observed at 2026-09-11T04:34:43.967974Z.

- **Market Cap:** ₹51.54 Cr
- **Classification:** SME
- **P/E (reported):** 8
- **Book Value:** ₹58.37
- **Price to Book:** 1.04
- **Dividend Yield:** 0%
- **ROE:** 12.9%
- **ROCE:** 18.96%
- **Debt to Equity:** 0.6
- **Revenue (yearly):** ₹124.9 Cr
- **Net Income:** ₹6.9 Cr
- **EBITDA:** ₹12 Cr
- **52-Week High:** ₹109.8
- **52-Week Low:** ₹42.9
- **RSI (14):** 55.24

## Tapetide Score

- **Score:** 67 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Rising
- **Percentile:** 98.2 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 45.48 | 9% |
| growth | 82.51 | 9% |
| momentum | 60.98 | 12% |
| ownership | 66.3 | 24% |
| quality | 86.31 | 22% |
| valuation | 61.66 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.99 times its book value
- Company has delivered good profit growth of 88.6% CAGR over last 5 years

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 79.44% | 26.85% | -716.67% |
| ebitda margin growth | 21.67% | -37.98% | 213.73% |
| net income growth | 50% | 188% | 89% |
| revenue growth | 33.01% | 73% | 41% |
| roce | 33.8% | -64.21% | 28.27% |
| roe | 30.7% | 23.1% | -20.71% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 23 | 31 | 46 | 47 | 40 | 83 |
| Expenses | 20 | 26 | 40 | 46 | 34 | 79 |
| Operating Profit | 3 | 5 | 6 | 1 | 6 | 4 |
| OPM % | 13 | 17 | 13 | 1.9 | 16 | 5 |
| Other Income | 0 | 0 | 0 | 1 | 1 | 1 |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 5 | 6 | 1 | 6 | 4 |
| Tax % | 25 | 25 | 25 | 22 | 26 | 29 |
| Net Profit | 2 | 4 | 4 | 0 | 4 | 3 |
| EPS in Rs | 1980 | 5.74 | 4.49 | 0.52 | 4.77 | 2.76 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 22 | 30 | 24 | 54 | 93 | 123 |
| Expenses | 22 | 30 | 23 | 46 | 86 | 113 |
| Operating Profit | 1 | 1 | 1 | 8 | 7 | 11 |
| OPM % | 3.7 | 2.2 | 4.9 | 15 | 7 | 9 |
| Other Income | 0 | 0 | 0 | 0 | 1 | 1 |
| Interest | 0 | 0 | 1 | 1 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 8 | 6 | 10 |
| Tax % | 33 | 25 | 28 | 25 | 25 | 27 |
| Net Profit | 0 | 0 | 0 | 6 | 5 | 7 |
| EPS in Rs | 290 | 360 | 290 | 8.8 | 5.01 | 7.53 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.01 | 0.01 | 0.01 | 6 | 9 | 9 |
| Reserves | 2 | 2 | 2 | 6 | 38 | 44 |
| Borrowings | 2 | 1 | 5 | 6 | 15 | 32 |
| Other Liabilities | 14 | 15 | 14 | 11 | 20 | 19 |
| Total Liabilities | 18 | 19 | 22 | 29 | 82 | 105 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 1 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 18 | 18 | 21 | 29 | 82 | 103 |
| Total Assets | 18 | 19 | 22 | 29 | 82 | 105 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | 1 | -2 | -6 | -22 | -4 |
| Cash from Investing Activity | 0 | 0 | 0 | 2 | -4 | 0 |
| Cash from Financing Activity | -1 | -1 | 2 | 4 | 42 | 15 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 16 | 10 |
| Free Cash Flow | 1 | 1 | -2 | -6 | -22 | -6 |
| CFO/OP | 177 | 129 | -182 | -72 | -293 | -18 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 174 | 143 | 182 | 83 | 80 | 89 |
| Inventory Days | 18 | 13 | 51 | 113 | 110 | 120 |
| Days Payable | 205 | 169 | 196 | 71 | 29 | 39 |
| Cash Conversion Cycle | -13 | -13 | 37 | 125 | 161 | 170 |
| Working Capital Days | 27 | 19 | 75 | 101 | 116 | 86 |
| ROCE % | — | 23 | 23 | 66 | 18 | 16 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 69.52% | 69.52% | 69.52% | 69.52% |
| FIIs | 1.11% | 0% | 0% | 0% |
| DIIs | 0.05% | 0.07% | 0% | 5.7% |
| Government | 0% | 0% | 0% | 0% |
| Public | 20.23% | 21.26% | 22.11% | 22.57% |
| Others | 9.1% | 9.16% | 8.37% | 2.21% |
| No. of Shareholders | 1171 | 1529 | 1706 | 1634 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 3 / 7 / 9

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 57.49 | Buy |
| EMA (10) | 58.53 | Sell |
| SMA (20) | 57.24 | Buy |
| EMA (20) | 58.06 | Sell |
| SMA (50) | 59.5 | Sell |
| EMA (50) | 58.68 | Sell |
| SMA (100) | 60.86 | Sell |
| EMA (100) | 60.83 | Sell |
| SMA (200) | 64.78 | Sell |
| EMA (200) | 71.57 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 49.86 | Neutral |
| MACD (12,26,9) | 0.25 | Buy |
| Stochastic (14,3,3) | 68.2 | Neutral |
| ADX (14) | 15.83 | Neutral |
| Williams %R (14) | -49.37 | Neutral |
| ATR (14) | 3.05 | High Volatility |
| ROC (12) | -0.77 | Sell |
| Stoch RSI (14) | 56.91 | Neutral |
| UO (7,14,28) | 62.55 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 January 2026 - SDD compliance certificates submitted for quarter ended 31 Dec 2025; one event captured; no non-compliance. | [Structural Digital Database 9 January 2026 - SDD compliance certificates submitted for quarter ended 31 Dec 2025; one event captured; no non-compliance.](https://nsearchives.nseindia.com/corporate/TROM2024_09012026160419_SDD_Signed.pdf) |
| 9 April 2026 - Clarification sought on significant movement in price | [General Updates 9 April 2026 - Clarification sought on significant movement in price](https://nsearchives.nseindia.com/corporate/TROM2024_09042026112107_Price_Movement.pdf) |
| 29 Jul - Trom Industries says corporate governance provisions are not applicable for quarter ended 30 June 2026. | [General Updates 29 Jul - Trom Industries says corporate governance provisions are not applicable for quarter ended 30 June 2026.](https://nsearchives.nseindia.com/corporate/TROM2024_29072026150044_Reg_27_Trom.pdf) |
| 28 March 2026 - Trading window closed from 1 Apr 2026 until 48 hours after audited FY/HY results for March 31, 2026. | [Trading Window 28 March 2026 - Trading window closed from 1 Apr 2026 until 48 hours after audited FY/HY results for March 31, 2026.](https://nsearchives.nseindia.com/corporate/TROM2024_28032026153116_Closure_of_Trading_Window__Trom.pdf) |
| 27 May 2026 - Board approved FY26 audited results, auditor appointments, and no IPO fund deviation on 27 May 2026. | [Outcome of Board Meeting 27 May 2026 - Board approved FY26 audited results, auditor appointments, and no IPO fund deviation on 27 May 2026.](https://nsearchives.nseindia.com/corporate/TROM2024_27052026154544_Outcome_SIGNED.pdf) |
| 27 May 2026 - Board approved FY26 audited results, auditor appointments, and no IPO fund deviation on 27 May 2026. | [Statement of deviation(s) or variation(s) under Reg. 32 27 May 2026 - Board approved FY26 audited results, auditor appointments, and no IPO fund deviation on 27 May 2026.](https://nsearchives.nseindia.com/corporate/TROM2024_27052026155819_Outcome_SIGNED.pdf) |
| 27 May 2026 - Board approved audited FY26 results, auditor appointments, and confirmed no IPO fund deviation. | [Appointment 27 May 2026 - Board approved audited FY26 results, auditor appointments, and confirmed no IPO fund deviation.](https://nsearchives.nseindia.com/corporate/TROM2024_27052026155526_Outcome_SIGNED.pdf) |
| 27 May 2026 - Audited FY26 results: revenue 12,340.73 lakh, profit 692.01 lakh; no IPO fund deviation. | [Appointment 27 May 2026 - Audited FY26 results: revenue 12,340.73 lakh, profit 692.01 lakh; no IPO fund deviation.](https://nsearchives.nseindia.com/corporate/TROM2024_27052026155710_Outcome_SIGNED.pdf) |
| 27 May 2026 - Audited FY26 results filed; revenue ₹123.41 crore, profit ₹6.92 crore, unmodified opinion. | [Integrated Filing- Financial 27 May 2026 - Audited FY26 results filed; revenue ₹123.41 crore, profit ₹6.92 crore, unmodified opinion.](https://nsearchives.nseindia.com/corporate/TROM2024_27052026160102_Integrated_Filing_Signed.pdf) |
| 26 May 2026 - Trom Industries Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, … | [Disclosure under SEBI Takeover Regulations 26 May 2026 - Trom Industries Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, …](https://nsearchives.nseindia.com/corporate/team_sandeshc_14052026121722_36.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30568_TROM_2025_2026_A_8870273_24082026195209.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27571_TROM_2024_2025_A_22082025144612.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25884_TROM_2023_2024_05092024185811.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/TROM2024_22112025183908_NSE_Conference_Call_Transcript.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:53:18.472Z.