TRF Ltd

₹ 624 1.99%

03 May - close price

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 - BE

Market Cap ₹ 687 Cr.
Current Price ₹ 624
High / Low ₹ 624 / 159
Stock P/E 14.2
Book Value ₹ 38.5
Dividend Yield 0.00 %
ROCE 186 %
ROE %
Face Value ₹ 10.0

Add ratio to table

Edit ratios

Pros

Company has reduced debt.
Company has delivered good profit growth of 20.0% CAGR over last 5 years

Cons

Stock is trading at 16.2 times its book value
The company has delivered a poor sales growth of -12.5% over past five years.
Promoter holding is low: 34.1%
Earnings include an other income of Rs.30.9 Cr.
Company has high debtors of 211 days.
Company's cost of borrowing seems high

* 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

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	19	60	16	20	42	49	41	54	43	39	34	39	29
	25	61	23	25	49	34	27	25	31	35	24	30	17
Operating Profit	-7	-1	-7	-4	-6	15	15	29	12	4	10	9	12
OPM %	-36%	-1%	-47%	-22%	-15%	31%	35%	53%	28%	11%	29%	23%	42%
	-12	15	-1	-3	-1	20	12	25	3	8	1	11	10
Interest	8	14	8	8	8	6	8	6	5	6	3	3	3
Depreciation	1	1	1	1	1	1	1	1	0	0	0	1	1
Profit before tax	-27	-1	-17	-16	-16	29	18	47	9	7	7	16	19
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	-101%	0%	0%	0%
	-27	-1	-17	-16	-16	29	18	47	9	13	7	16	19
EPS in Rs	-24.92	-0.49	-15.64	-14.24	-14.79	26.19	16.48	42.90	8.27	12.11	6.48	14.98	17.14
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	783	632	684	535	533	500	345	223	185	114	127	177	141
	729	674	701	588	521	509	492	308	285	147	130	118	106
Operating Profit	54	-43	-17	-53	12	-10	-148	-85	-100	-33	-3	59	35
OPM %	7%	-7%	-2%	-10%	2%	-2%	-43%	-38%	-54%	-29%	-2%	33%	25%
	4	9	41	14	27	10	32	44	8	5	16	49	31
Interest	29	39	44	43	44	46	47	61	37	38	31	25	15
Depreciation	4	5	5	6	5	4	4	3	3	3	2	2	2
Profit before tax	25	-78	-24	-87	-10	-49	-166	-106	-133	-68	-20	81	49
Tax %	38%	-2%	-3%	0%	0%	45%	12%	0%	0%	0%	0%	-8%
	16	-80	-25	-87	-10	-27	-146	-106	-133	-68	-20	88	56
EPS in Rs	14.16	-72.25	-22.93	-79.38	-9.03	-24.45	-132.66	-95.93	-120.53	-61.76	-18.49	79.75	50.71
Dividend Payout %	28%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-12%
5 Years:	-12%
3 Years:	-2%
TTM:	-25%

Compounded Profit Growth
10 Years:	12%
5 Years:	20%
3 Years:	38%
TTM:	-53%

Stock Price CAGR
10 Years:	14%
5 Years:	37%
3 Years:	85%
1 Year:	274%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	11	11	11	11	11	11	11	11	11	11	11	11	11
Reserves	166	89	62	-23	-28	-55	-201	-304	-438	-504	-527	-415	31
Preference Capital	0	0	0	0	0	0	0	250	250	256	250	489
	325	390	369	373	417	381	371	187	281	238	273	18	90
	418	573	517	642	633	595	570	678	662	642	548	669	150
Total Liabilities	919	1,063	959	1,003	1,033	932	752	572	515	387	305	284	282
	45	43	43	38	34	31	28	25	23	20	18	17	18
CWIP	1	2	0	0	0	0	0	0	0	0	0	0	0
Investments	109	109	185	185	185	185	182	92	92	61	56	117	153
	764	909	731	780	813	716	542	454	401	306	231	150	111
Total Assets	919	1,063	959	1,003	1,033	932	752	572	515	387	305	284	282

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	22	3	16	15	-24	64	23	-123	-59	29	3	70
	-64	-14	37	18	29	6	30	135	-0	34	-3	-57
	55	6	-74	-39	1	-78	-53	-4	64	-82	-1	-12
Net Cash Flow	13	-4	-22	-6	6	-7	-0	9	5	-18	-1	2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	213	303	260	349	369	327	369	457	433	616	400	211
Inventory Days	74	169	88	183	171	163	131	266	434	554	245	229
Days Payable	222	277	234	397	393	395	470	1,012	1,569	2,396	1,473	1,378
Cash Conversion Cycle	65	195	114	135	147	96	31	-289	-701	-1,227	-828	-938
Working Capital Days	93	103	99	84	105	29	-132	-119	-205	-377	-306	-85
ROCE %	12%	-8%	-2%	-12%	9%	-1%	-56%	-50%	-77%	-60%	362%	186%

Shareholding Pattern

Numbers in percentages

9 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	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%	0.00%	0.00%	0.00%	0.00%	0.22%	2.04%	3.27%	0.00%	0.00%	0.78%
	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%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%	0.01%
	65.85%	65.85%	65.85%	65.85%	65.85%	65.86%	65.64%	63.80%	62.57%	65.85%	65.85%	65.07%
No. of Shareholders	20,048	20,803	20,331	20,190	20,076	23,662	23,726	22,452	22,297	27,476	28,260	28,111

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	34.12%	34.12%	34.12%	34.12%	34.12%	34.12%	34.12%	34.12%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.04%	0.78%
	2.38%	0.37%	2.32%	2.37%	2.00%	0.02%	0.02%	0.02%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%
	63.49%	65.50%	63.55%	63.50%	63.88%	65.85%	63.80%	65.07%
No. of Shareholders	21,506	20,853	20,973	21,182	21,055	20,190	22,452	28,111

* 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.

TRF Ltd

TRF Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings

Concalls