TRF Ltd

TRF Ltd

₹ 442 -0.63%
26 Feb - 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

  • Market Cap 486 Cr.
  • Current Price 442
  • High / Low 510 / 153
  • Stock P/E 10.4
  • Book Value 44.4
  • Dividend Yield 0.00 %
  • ROCE 188 %
  • ROE %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 21.4% CAGR over last 5 years

Cons

  • Stock is trading at 9.96 times its book value
  • The company has delivered a poor sales growth of -16.3% over past five years.
  • Promoter holding is low: 34.1%
  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
18.60 60.00 15.51 20.02 42.12 49.48 41.39 53.60 43.21 38.89 33.91 39.27 28.77
57.65 61.03 26.70 24.37 48.72 34.80 26.88 24.03 32.74 34.96 23.91 30.62 17.06
Operating Profit -39.05 -1.03 -11.19 -4.35 -6.60 14.68 14.51 29.57 10.47 3.93 10.00 8.65 11.71
OPM % -209.95% -1.72% -72.15% -21.73% -15.67% 29.67% 35.06% 55.17% 24.23% 10.11% 29.49% 22.03% 40.70%
9.30 8.71 0.06 -1.98 0.67 18.69 12.99 30.21 4.30 2.68 2.54 13.23 -4.76
Interest 8.16 13.92 8.09 8.01 8.32 6.20 8.01 5.90 5.34 5.50 3.29 2.97 3.10
Depreciation 0.68 0.66 0.65 0.62 0.60 0.54 0.52 0.53 0.48 0.48 0.50 0.57 0.55
Profit before tax -38.59 -6.90 -19.87 -14.96 -14.85 26.63 18.97 53.35 8.95 0.63 8.75 18.34 3.30
Tax % 0.00% 0.14% 0.00% 0.00% 0.00% -0.04% 0.00% 0.00% 0.00% -1,065.08% 0.00% 0.00% 63.03%
-38.59 -6.89 -19.87 -14.96 -14.85 26.64 18.97 53.35 8.95 7.34 8.76 18.33 1.21
EPS in Rs -35.07 -6.26 -18.06 -13.59 -13.49 24.21 17.24 48.48 8.13 6.67 7.96 16.66 1.10
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,309 1,100 1,163 1,113 962 550 432 223 185 114 127 177 141
1,237 1,129 1,162 1,197 946 585 575 314 339 151 131 119 107
Operating Profit 72 -29 0 -84 16 -35 -143 -91 -154 -37 -4 58 34
OPM % 5% -3% 0% -8% 2% -6% -33% -41% -83% -33% -3% 33% 24%
7 8 44 101 12 43 45 120 10 -15 14 50 14
Interest 40 55 59 58 57 48 49 61 37 38 31 25 15
Depreciation 11 12 12 14 10 6 5 3 3 3 2 2 2
Profit before tax 27 -88 -27 -54 -39 -45 -152 -35 -185 -93 -23 82 31
Tax % 51% -4% -6% -16% -5% 47% 12% -0% -0% -0% 0% -8%
13 -91 -28 -63 -41 -24 -134 -35 -185 -93 -23 89 36
EPS in Rs 11.99 -83.32 -26.23 -59.05 -37.15 -21.90 -121.87 -31.41 -168.14 -84.61 -20.94 80.50 32.39
Dividend Payout % 33% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -17%
5 Years: -16%
3 Years: -2%
TTM: -25%
Compounded Profit Growth
10 Years: 11%
5 Years: 21%
3 Years: 35%
TTM: -55%
Stock Price CAGR
10 Years: 14%
5 Years: 35%
3 Years: 66%
1 Year: 171%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 150 66 45 -27 -60 -92 -212 -238 -417 -508 -531 -412 38
Preference Capital 0 0 0 0 0 0 0 250 250 256 250 489
503 588 625 602 621 561 399 207 281 238 273 18 90
562 711 625 782 730 718 893 700 695 684 615 709 199
Total Liabilities 1,226 1,376 1,306 1,368 1,302 1,198 1,091 680 570 424 368 327 337
258 268 282 245 226 209 194 113 23 20 18 17 18
CWIP 1 3 0 0 0 1 1 1 0 0 0 0 0
Investments 3 3 0 0 18 18 19 28 0 1 1 62 97
965 1,102 1,024 1,122 1,058 970 877 539 547 404 349 248 221
Total Assets 1,226 1,376 1,306 1,368 1,302 1,198 1,091 680 570 424 368 327 337

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
62 11 37 58 2 111 55 -107 -56 21 -38 83
-152 -9 39 47 4 2 25 134 1 61 6 -50
109 -9 -85 -88 -34 -109 -70 -11 64 -79 9 -30
Net Cash Flow 19 -7 -9 17 -28 3 10 16 10 2 -22 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 153 206 190 209 242 366 321 490 433 616 400 211
Inventory Days 91 154 104 143 148 243 130 355 434 554 245 229
Days Payable 168 204 162 220 243 459 401 1,051 1,569 2,396 1,473 1,378
Cash Conversion Cycle 76 156 132 132 146 150 50 -207 -701 -1,227 -828 -938
Working Capital Days 73 91 100 77 90 65 146 -83 -81 -247 -207 -1
ROCE % 11% -5% 0% -6% 3% -0% -30% -5% -83% -58% 188%

Shareholding Pattern

Numbers in percentages

16 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
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% 0.00% 0.22% 2.04% 3.27% 0.00% 0.00%
2.00% 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% 0.00% 0.01% 0.01% 0.01% 0.01%
63.88% 65.85% 65.85% 65.85% 65.85% 65.85% 65.86% 65.64% 63.80% 62.57% 65.85% 65.85%
No. of Shareholders 21,05520,04820,80320,33120,19020,07623,66223,72622,45222,29727,47628,260

* 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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