TRF Ltd
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]
- Market Cap ₹ 616 Cr.
- Current Price ₹ 560
- High / Low ₹ 561 / 159
- Stock P/E 13.2
- 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 12.4 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.
Peer comparison
Sector: Capital Goods-Non Electrical Equipment Industry: Engineering
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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: | 33% |
3 Years: | 85% |
1 Year: | 240% |
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% |
Documents
Announcements
- Certificate Under Regulation 40(9) Of SEBI (Listing And Obligation Requirements) Regulations, 2015 16 Apr
- Disclosure Of Continuing Event Or Information Under Regulation 30(4) Of The SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations') 11 Apr
- Reg. 7(3) Compliance Certificate For The For The Year Ended March 31, 2024 5 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 5 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 5 Apr
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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Jun 2021TranscriptPPT
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