TRF Ltd

TRF Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

TRF Ltd

₹ 392 0.54%
23 May - close price
trf.co.in BSE: 505854 NSE: TRF
About

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]

Key Points

Business Overview:[1][2]
TRFL is promoted by TATA group, with TATA Steel Limited holding 34.11% stake. It has executed various electromechanical jobs for bulk material handling equipment. Company has manufacturing facility along with design and engineering team in Jamshedpur to work in areas of:
a) Electromechanical jobs
b) Industrial structure and fabrication
c) Life Cycle Services and allied services

Website BSE NSE
  • Market Cap ₹ 431 Cr.
  • Current Price ₹ 392
  • High / Low ₹ 651 / 285
  • Stock P/E 15.6
  • Book Value ₹ 74.9
  • Dividend Yield 0.00 %
  • ROCE 23.5 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Debtor days have improved from 160 to 93.1 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -8.23% over past five years.
  • Promoter holding is low: 34.1%
  • Tax rate seems low
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.14.7 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Capital Goods-Non Electrical Equipment Industry: Engineering

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
49.48 41.39 53.60 43.21 38.89 33.91 39.27 28.77 38.00 37.62 32.70 23.31 27.11
34.31 26.81 25.04 31.26 34.71 24.19 30.16 16.66 33.88 32.54 24.82 11.82 22.03
Operating Profit 15.17 14.58 28.56 11.95 4.18 9.72 9.11 12.11 4.12 5.08 7.88 11.49 5.08
OPM % 30.66% 35.23% 53.28% 27.66% 10.75% 28.66% 23.20% 42.09% 10.84% 13.50% 24.10% 49.29% 18.74%
20.39 12.08 25.07 2.97 8.43 1.20 10.91 10.39 5.12 2.95 2.84 3.17 5.71
Interest 6.20 8.01 5.90 5.34 5.50 3.29 2.97 3.09 4.50 3.47 3.75 3.60 3.23
Depreciation 0.54 0.52 0.53 0.48 0.48 0.50 0.57 0.55 0.62 0.57 0.63 0.65 0.67
Profit before tax 28.82 18.13 47.20 9.10 6.63 7.13 16.48 18.86 4.12 3.99 6.34 10.41 6.89
Tax % 0.00% 0.00% 0.00% 0.00% -101.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
28.82 18.13 47.21 9.10 13.33 7.13 16.48 18.86 4.12 3.99 6.34 10.41 6.89
EPS in Rs 26.19 16.48 42.90 8.27 12.11 6.48 14.98 17.14 3.74 3.63 5.76 9.46 6.26
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
684 535 533 500 345 223 185 114 127 177 140 121
701 588 521 509 492 308 285 147 130 118 105 91
Operating Profit -17 -53 12 -10 -148 -85 -100 -33 -3 59 35 30
OPM % -2% -10% 2% -2% -43% -38% -54% -29% -2% 33% 25% 24%
41 14 27 10 32 44 8 5 16 49 28 15
Interest 44 43 44 46 47 61 37 38 31 25 14 14
Depreciation 5 6 5 4 4 3 3 3 2 2 2 3
Profit before tax -24 -87 -10 -49 -166 -106 -133 -68 -20 81 47 28
Tax % 3% 0% 0% -45% -12% 0% 0% 0% 0% -8% 0% 0%
-25 -87 -10 -27 -146 -106 -133 -68 -20 88 47 28
EPS in Rs -22.93 -79.38 -9.03 -24.45 -132.66 -95.93 -120.53 -61.76 -18.49 79.75 42.35 25.11
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -14%
5 Years: -8%
3 Years: -2%
TTM: -14%
Compounded Profit Growth
10 Years: 9%
5 Years: 17%
3 Years: 56%
TTM: -18%
Stock Price CAGR
10 Years: 0%
5 Years: 43%
3 Years: 42%
1 Year: -33%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 62 -23 -28 -55 -201 -304 -438 -504 -527 -415 -395 71
369 373 417 381 371 437 531 494 523 507 542 115
517 642 633 595 570 428 412 386 298 168 148 134
Total Liabilities 959 1,003 1,033 932 752 572 515 387 305 272 306 331
43 38 34 31 28 25 23 20 18 17 19 21
CWIP 0 0 0 0 0 0 0 0 0 0 0 1
Investments 185 185 185 185 182 92 92 61 56 117 128 82
731 780 813 716 542 454 401 306 231 137 158 227
Total Assets 959 1,003 1,033 932 752 572 515 387 305 272 306 331

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
16 15 -24 64 23 -123 -59 29 3 70 8 95
37 18 29 6 30 135 -0 34 -3 -57 -3 -94
-74 -39 1 -78 -53 -4 64 -82 -1 -12 -1 -1
Net Cash Flow -22 -6 6 -7 -0 9 5 -18 -1 2 4 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 260 349 369 327 369 457 433 616 400 130 258 93
Inventory Days 88 183 171 163 131 266 434 554 245 229 130
Days Payable 234 397 393 395 470 1,012 1,569 2,396 1,473 1,378 1,193
Cash Conversion Cycle 114 135 147 96 31 -289 -701 -1,227 -828 -1,020 -806 93
Working Capital Days 99 84 105 29 -132 -119 -205 -377 -306 -85 4 -115
ROCE % -2% -12% 9% -1% -56% -50% -77% -60% 362% 186% 36% 23%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
34.12% 34.12% 34.12% 34.12% 34.12% 34.12% 34.12% 34.12% 34.12% 34.12% 34.12% 34.12%
0.00% 0.00% 0.22% 2.04% 3.27% 0.00% 0.00% 0.78% 0.72% 0.41% 0.46% 0.47%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
65.85% 65.86% 65.64% 63.80% 62.57% 65.85% 65.85% 65.07% 65.13% 65.44% 65.38% 65.38%
No. of Shareholders 20,07623,66223,72622,45222,29727,47628,26028,11125,41325,75126,40926,544

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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