Market Data
Market Cap₹223.28 Cr.
52W High₹403
Current Price₹202.9
52W Low₹201.5
Down from 52W High49.7 %
Face Value₹10
Performance
ROCE-5 %
ROE1.8 %
EPS (TTM)₹1.71
EPS Prev Qtr₹-6.28
EPS Last Year₹-6.19
EBITDA Qtr₹0.54 Cr.
Book Value₹-307
Financial Health
Debt/Equity-0.38
Debt/Profit-21.17
Total Assets₹348.778 Cr.
Promoter Holding34.12 %
Earning Power1.1 %
Valuation
Industry P/E34.1
Price to Book-0.66
Price to Sales2.55
Key Metrics
Face Value
₹10
About TRF Ltd
Capital Goods · Capital Goods-Non Electrical Equipment
TRF Ltd is listed on NSE in the Capital Goods / Capital Goods-Non Electrical Equipment sector. Face value ₹10. Market cap ₹223.28 Cr.
Price Chart
Strengths & Weaknesses
Strengths
- The company maintains a positive promoter holding of 34.12%, indicating confidence from insiders.
- Revenue stands at ₹87.65 Cr, showing operational scale despite current profitability challenges.
Weaknesses
- The company reports a net loss of ₹6.1 Cr, reflecting significant profitability issues.
- Negative ROCE at -5% indicates poor return on capital employed.
- A P/E ratio of -38.38 and P/B ratio of -0.69 highlight deep valuation concerns due to losses.
- ROE of just 1.8% demonstrates inefficient use of equity capital.
- Negative debt-to-equity ratio of -0.38 suggests unusual accounting treatment or off-balance sheet items requiring further investigation.
Peer Comparison
| Name | CMP | P/E | Market Cap | Div Yield | NP Qtr | Qtr Profit Var% | Sales Qtr | Qtr Sales Var% | ROCE% | Debt/Eq |
|---|---|---|---|---|---|---|---|---|---|---|
| Cummins India Ltd | - | 56.44 | ₹1,33,588.22 Cr | 1.37% | ₹2,367.15 Cr | - | ₹12,662.38 Cr | - | 36.6% | 0 |
| Welspun Corp Ltd | - | 32.36 | ₹74,774.1 Cr | 0.18% | ₹2,319.21 Cr | - | ₹17,299.77 Cr | - | 27.27% | 0.24 |
| Indo-MIM Ltd | - | - | ₹61,763.14 Cr | - | - | - | - | - | - | 0.39 |
| APL Apollo Tubes Ltd | - | 49.47 | ₹60,807.19 Cr | 0.39% | ₹1,229.04 Cr | - | ₹23,064.55 Cr | - | 35.88% | 0.15 |
| Tube Investments of India Ltd | - | 77.2 | ₹46,846.44 Cr | 0.14% | ₹1,108.99 Cr | - | ₹23,753.7 Cr | - | 23.62% | 0.05 |
| Kirloskar Oil Engines Ltd | - | 64 | ₹34,953.7 Cr | 0.19% | ₹534.6 Cr | - | ₹7,936.74 Cr | - | 13.7% | 1.47 |
| Jyoti CNC Automation Ltd | - | 75.25 | ₹24,197.82 Cr | - | ₹321.72 Cr | - | ₹2,191.43 Cr | - | 18.46% | 0.42 |
| Carborundum Universal Ltd | - | 108.44 | ₹22,866.84 Cr | 0.21% | ₹187.75 Cr | - | ₹5,413.92 Cr | - | 7.99% | 0.08 |
| Grindwell Norton Ltd | - | 48.64 | ₹21,217.83 Cr | 0.99% | ₹437.67 Cr | - | ₹3,173.03 Cr | - | 23.31% | 0 |
| Ratnamani Metals & Tubes Ltd | - | 45.89 | ₹19,865.47 Cr | 0.35% | ₹514.36 Cr | - | ₹4,313.97 Cr | - | 15.73% | 0.07 |
| Elgi Equipments Ltd | - | 41.97 | ₹18,887.78 Cr | 0.45% | ₹447.9 Cr | - | ₹4,146.2 Cr | - | 23.64% | 0.18 |
| Jindal Saw Ltd | - | 27.09 | ₹17,755.95 Cr | 0.72% | ₹600.65 Cr | - | ₹18,262.8 Cr | - | 8.43% | 0.32 |
| Graphite India Ltd | - | 73.59 | ₹15,700.38 Cr | 0.87% | ₹209 Cr | - | ₹3,029 Cr | - | 5.11% | 0.06 |
| Tega Industries Ltd | - | 544 | ₹15,489.45 Cr | 0.1% | ₹-0.93 Cr | - | ₹3,059.28 Cr | - | 10.52% | 0.19 |
| Lloyds Engineering Works Ltd | - | 59.03 | ₹15,116.79 Cr | 0.24% | ₹193.81 Cr | - | ₹1,611.28 Cr | - | 15.08% | 0.02 |
| Kirloskar Brothers Ltd | - | 39.45 | ₹14,729.56 Cr | 0.38% | ₹357.4 Cr | - | ₹4,663.9 Cr | - | 18.14% | 0.08 |
| Action Construction Equipment Ltd | - | 32.83 | ₹14,350.12 Cr | 0.17% | ₹436.87 Cr | - | ₹3,414.04 Cr | - | 37.02% | 0.01 |
| KSB Ltd | - | 58.26 | ₹14,297.32 Cr | - | ₹245.5 Cr | - | ₹2,725.6 Cr | - | 19.71% | 0 |
| Ingersoll-Rand (India) Ltd | - | 49.5 | ₹13,241.83 Cr | 1.79% | ₹267.51 Cr | - | ₹1,456.51 Cr | - | 58.5% | 0 |
| Titagarh Rail Systems Ltd | - | 57.79 | ₹11,043.25 Cr | 0.12% | ₹188.36 Cr | - | ₹3,271.59 Cr | - | 11.26% | 0.22 |
Quarterly Results
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|
| Sales | 22.34 | 19.89 | 19.39 | 26.03 |
| ↳ QoQ Growth | - | -11.0% | -2.5% | +34.2% |
| Expenses | 17.97 | 13.97 | 26.4 | 25.5 |
| Operating Profit | 4.37 | 5.92 | -7.01 | 0.54 |
| OPM % | 19.56% | 29.76% | -36.15% | 2.07% |
| Other Income | 4.35 | 3.73 | 4.06 | 5.89 |
| Interest | 4.16 | 3.83 | 4.01 | 4.55 |
| Depreciation | 0.71 | 0.78 | 0.77 | 0.8 |
| EBITDA | 5.08 | 6.7 | -6.24 | 1.34 |
| EBITDA Margin % | 22.74% | 33.69% | -32.18% | 5.15% |
| Profit Before Tax | -6.76 | 5.74 | -6.96 | 1.88 |
| Tax % | -0.74% | 0% | 0.86% | 0% |
| Net Profit | -6.81 | 5.74 | -6.91 | 1.88 |
| ↳ QoQ Growth | - | +184.3% | -220.4% | +127.2% |
| EPS | -6.19 | 5.22 | -6.28 | 1.71 |
Balance Sheet
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Equity Capital | 11 | 11.0044 |
| Reserves | 72.46 | -349.2442 |
| Borrowings | 115.22 | 129.15 |
| Other Liabilities | 140.64 | 557.87 |
| Total Liabilities | 339.32 | 348.7775 |
| Fixed Assets | 20.35 | 25.6768 |
| CWIP | 0.94 | 2.2989 |
| Investments | 19.86 | 226.12 |
| Other Assets | 298.17 | 94.68 |
| Total Assets | 339.32 | 348.7775 |
Cash Flows
| Mar 2026 | |
|---|---|
| Cash from Operating Activity | -0.0742 |
| Cash from Investing Activity | -45.0594 |
| Cash from Financing Activity | -0.6082 |
| Net Cash Flow | -45.7418 |
Shareholding Pattern
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|
| Promoters % | 34.12% | 34.12% | 34.12% | 34.12% |
| FIIs % | 0.5% | 0.49% | 0.49% | 0.3% |
| DIIs % | 0.02% | 0.03% | 0.02% | 0.02% |
| Public % | 50.7% | 50.11% | 50.85% | 51.11% |
| No. of Shareholders | 26,630 | 26,398 | 25,765 | 25,509 |
Major Shareholders (>1%)
- Tata Steel LimitedPromoter and Promoter Group34.11%
- Roopa Corporate Services Pvt. Ltd.Public Shareholding2.84%
- Guttikonda Vara LakshmiPublic Shareholding2.12%
- Litton System IncPublic Shareholding1.98%
As of 2026-06-30View all shareholders →