TRF Ltd

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

TRF Ltd

₹ 402 -0.40%
11 Jun 1:52 p.m.
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 ₹ 442 Cr.
  • Current Price ₹ 402
  • High / Low ₹ 651 / 285
  • Stock P/E 17.2
  • Book Value ₹ 75.8
  • Dividend Yield 0.00 %
  • ROCE 25.2 %
  • ROE %
  • Face Value ₹ 10.0
Edit ratios

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%
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.18.0 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

Industrials Capital Goods Industrial Manufacturing Industrial Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
34.80 26.88 24.03 32.74 34.96 23.91 30.62 17.06 32.69 32.47 25.94 11.80 20.88
Operating Profit 14.68 14.51 29.57 10.47 3.93 10.00 8.65 11.71 5.31 5.15 6.76 11.51 6.23
OPM % 29.67% 35.06% 55.17% 24.23% 10.11% 29.49% 22.03% 40.70% 13.97% 13.69% 20.67% 49.38% 22.98%
18.69 12.99 30.21 4.30 2.68 2.54 13.23 -4.76 6.11 3.87 3.64 4.01 6.53
Interest 6.20 8.01 5.90 5.34 5.50 3.29 2.97 3.10 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 0.87
Profit before tax 26.63 18.97 53.35 8.95 0.63 8.75 18.34 3.30 6.30 4.98 6.02 11.27 8.66
Tax % -0.04% 0.00% 0.00% 0.00% -1,065.08% 0.00% 0.00% 63.03% 0.00% 0.00% 0.00% 0.00% 59.35%
26.64 18.97 53.35 8.95 7.34 8.76 18.33 1.21 6.30 4.99 6.02 11.27 3.52
EPS in Rs 24.21 17.24 48.48 8.13 6.67 7.96 16.66 1.10 5.72 4.53 5.47 10.24 3.20
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,163 1,113 962 550 432 223 185 114 127 177 140 121
1,162 1,197 946 585 575 314 339 151 131 119 104 91
Operating Profit 0 -84 16 -35 -143 -91 -154 -37 -4 58 36 29
OPM % 0% -8% 2% -6% -33% -41% -83% -33% -3% 33% 25% 24%
44 101 12 43 45 120 10 -15 14 50 17 18
Interest 59 58 57 48 49 61 37 38 31 25 14 14
Depreciation 12 14 10 6 5 3 3 3 2 2 2 3
Profit before tax -27 -54 -39 -45 -152 -35 -185 -93 -23 82 37 31
Tax % 6% 16% 5% -47% -12% 0% 0% 0% -0% -8% 6% 17%
-28 -63 -41 -24 -134 -35 -185 -93 -23 89 35 26
EPS in Rs -26.23 -59.05 -37.15 -21.90 -121.87 -31.41 -168.14 -84.61 -20.94 80.50 31.44 23.44
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -20%
5 Years: -8%
3 Years: -2%
TTM: -14%
Compounded Profit Growth
10 Years: 8%
5 Years: 16%
3 Years: 46%
TTM: -12%
Stock Price CAGR
10 Years: 2%
5 Years: 40%
3 Years: 40%
1 Year: -35%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 45 -27 -60 -92 -212 -238 -417 -508 -531 -412 -395 72
625 602 621 561 399 457 531 494 523 507 542 115
625 782 730 718 893 450 445 427 365 207 151 141
Total Liabilities 1,306 1,368 1,302 1,198 1,091 680 570 424 368 314 310 339
282 245 226 209 194 113 23 20 18 17 19 21
CWIP 0 0 0 1 1 1 0 0 0 0 0 1
Investments 0 0 18 18 19 28 0 1 1 62 66 20
1,024 1,122 1,058 970 877 539 547 404 349 235 225 298
Total Assets 1,306 1,368 1,302 1,198 1,091 680 570 424 368 314 310 339

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
37 58 2 111 55 -107 -56 21 -38 83 34 94
39 47 4 2 25 134 1 61 6 -50 15 -113
-85 -88 -34 -109 -70 -11 64 -79 9 -30 0 -1
Net Cash Flow -9 17 -28 3 10 16 10 2 -22 3 49 -20

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 190 209 242 366 321 490 433 616 400 130 258 93
Inventory Days 104 143 148 243 130 355 434 554 245 229 130
Days Payable 162 220 243 459 401 1,051 1,569 2,396 1,473 1,378 1,193
Cash Conversion Cycle 132 132 146 150 50 -207 -701 -1,227 -828 -1,020 -806 93
Working Capital Days 100 77 90 65 146 -83 -81 -247 -207 -88 4 -130
ROCE % 0% -6% 3% -0% -30% -5% -83% -58% 188% 38% 25%

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.

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