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TRF Limited

TRF Limited

NSE: TRF
Specialty Industrial MachineryIndustrialsSMALL CAPMCap ₹255.7 Cr
₹232.40₹11.97 (+5.43%)

Market Closed • NSE

Market cap₹255.7 Cr
Enterprise value₹573.2 Cr
P/B-0.72
EPS TTM₹-5.94
ROCE9.42%
ROE-5.33%
ROA1.62%
D/E1.54
Dividend yield0.00%
Face value₹10.00
52W high₹349.90
52W low₹190.00
Price chart(1Y)
1Y Return:+2.02% (+₹4.61)
H: ₹276.3L: ₹190
1W+1.98%
1M+5.88%
3M-5.18%
6M-12.34%
1Y-31.22%
Today at a glance

Day range

₹221.00₹237.85

52 week range

₹190.00₹349.90
Volume81.4K1.91x 20D avg
Free float50.00%+90.70% volume

TRF Limited closed at INR232.40 (+5.43%) on volume 1.91x its 20-day average, trading 33.58% below its 52-week high.

Technical analysis
RSI (14)59.0Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹13.17High
SMA 20₹210.91BULLISH
SMA 50₹221.20BULLISH
SMA 100₹228.09BULLISH
SMA 200₹243.90BEARISH
CPR bottom₹227.00
Pivot₹224.81
CPR top₹222.62
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +127.2% QoQ

2020-08-13

AGM Announced

Annual General Meeting

2019-06-28

AGM Announced

Annual General Meeting

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL3/4 criteria
Non-Compliant (Financial Ratios)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹129.6 Cr₹255.7 Cr50.69%≤ 33%FAIL
Non-halal income ratio–₹85.0 Cr0.00%≤ 5%PASS
Illiquid assets ratio₹336.8 Cr₹348.8 Cr96.58%≥ 20%PASS
Receivables ratio–₹348.8 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E—28.10
Forward P/E——
P/B-0.723.00
EV/EBITDA—18.00
PEG—1.10
Earnings yield—3.60
Growth & profitability
RevenuePAT
FY24PAT margin 24.70%
FY25PAT margin 21.40%
FY26PAT margin -5.30%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y-11.00%
Revenue CAGR 5Y-9.50%
PAT CAGR 3Y—
PAT CAGR 5Y—
Operating margin-34.90%
Net margin-5.26%
Financial health & cash flow
Net debt₹117.7 CrModerate
Interest coverage0.60xEBIT / interest
CFO / PAT3.63x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹-7.4 Lakh
Capital expenditure–
Free cash flow₹-847.3 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall48/100
Valuation50/100
Profitability65/100
Financial health30/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 3.63x over last 3 years

Risks

Elevated Leverage Burden: Debt-to-Equity stands at 1.54x

Negative Profitability: Company reported negative ROE in recent filings

Tight Debt Servicing: Interest coverage ratio is under 2.0x

Bull case

Market Leadership: Established operational scale in Specialty Industrial Machinery.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

70%47%23%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
0.51%Institutional holding
65.36%Public holding
5Periods available
0.00%Promoter pledged
25.77KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
—Annual General MeetingAnnual General Meeting—13 Aug 2020
—Annual General MeetingAnnual General Meeting—28 Jun 2019
—Annual General MeetingAnnual General Meeting—13 Jul 2018
—Annual General MeetingAnnual General Meeting—14 Jul 2017
—Annual General MeetingAnnual General Meeting—15 Jul 2016
—Annual General MeetingAnnual General Meeting—11 Sept 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)64.20%-16.03% latest vs average
Highest delivery88.55%on 29 Sept
Average volume (20D)42.7KTrading-session average
Conviction trendWeakening-16.03% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹4.99L30.091.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.03L29.880.43%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.34L35.790.92%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.75L44.860.66%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.81L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L52.550.32%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L92.640.43%₹3,559.00₹362.00+21.05%+2.84%
CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions LimitedCGPOWER
Open analysis
₹1.33L106.680.16%₹3,281.00₹308.00+14.00%+15.36%
About TRF Limited
TRF Limited

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]

IndiaIndustrials

Questions investors ask
Is TRF Limited Shariah compliant?

TRF Limited is currently screened as Non-Compliant (Financial Ratios) under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (50.69%) exceeds AAOIFI threshold (≤ 33%).

What is TRF Limited's current valuation relative to peers?

TRF Limited trades at a P/E of N/A compared to the sector median of 28.1x, and a Price-to-Book of -0.7x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 1.54x. Interest coverage is 0.6x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at -9.5% while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.