TRF
TRF Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for TRF Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Valuation
Profitability
Growth
Financial Health
TRF Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for TRF Ltd, switchable between annual and quarterly views, consolidated or standalone.
TRF Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹256.52 Cr and reported EPS of ₹-4.05.
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 349 | 186 | 114 | 127 | 177 | 140 | 121 | 85 |
| Other Income | 1,167 | 10 | 4 | 21 | 49 | 22 | 18 | 16 |
| Total Income | 1,516 | 196 | 118 | 148 | 226 | 162 | 139 | 101 |
| Cost of Goods Sold (COGS) | 154 | 48 | 34 | 31 | 17 | 16 | 4 | 6 |
| Gross Profit | 195 | 138 | 80 | 96 | 161 | 124 | 117 | 79 |
| +Operating Expenses | 270 | 240 | 117 | 100 | 102 | 88 | 87 | 70 |
| EBITDA | -75 | -101 | -37 | -4 | 58 | 36 | 29 | 9 |
| +Non-Operating Expenses | 82 | 41 | 49 | 33 | 27 | 16 | 17 | 6 |
| Profit Before Tax (PBT) | 1,038 | -132 | -65 | -16 | 81 | 42 | 31 | -4 |
| +Tax Expense | 1 | 0 | 0 | -0 | -7 | 2 | 5 | -0 |
| Profit After Tax (PAT) | 1,051 | -185 | -66 | -16 | 88 | 35 | 26 | -4 |
| Earnings Per Share (EPS) | 882.57 | -120.41 | -84.61 | -20.94 | 80.49 | 31.45 | 23.44 | -4.06 |
| Diluted Shares Outstanding (Nos.) | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| +Additional Disclosures | 588 | 327 | 195 | 189 | 169 | 139 | 114 | 106 |
| Sales Growth % | — | -46.62 | -38.87 | 11.57 | 39.30 | -20.97 | -13.74 | -29.57 |
| YoY Sales Growth % | — | -46.62 | -38.87 | 11.57 | 39.30 | -20.97 | -13.74 | -29.57 |
| Material Cost % | 40 | 23 | 18 | 11 | 6 | 11 | 3 | 11 |
| Employee Cost % | 17 | 28 | 45 | 28 | 34 | 44 | 51 | 67 |
| Other Cost % | 60 | 101 | 58 | 50 | 23 | 19 | 22 | 15 |
| OPM % | -21 | -54 | -33 | -3 | 33 | 25 | 24 | 10 |
| Tax % | 0 | -0 | -0 | 0 | -8 | 5 | 17 | 0 |
| Profit Growth % | — | -117.61 | 64.59 | 75.43 | 643.82 | -60.46 | -25.47 | -117.33 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | -79 | -105 | -40 | -6 | 56 | 33 | 27 | 6 |
TRF segment analysis: revenue and profit mix.
Disclosed business segments at TRF with their share of revenue and profit, switchable between consolidated and standalone reporting.
TRF discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
TRF Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy TRF Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
TRF Ltd's investment case rests on 9 positive markers and 9 flagged concerns drawn from the latest reported filings.
What you're getting.
Robust Return on Capital Employed (ROCE) at 21.80% indicates efficient capital use.
Attractive P/E ratio of 16.00 suggests potential undervaluation compared to peers.
Strong Operating Profit Margin (OPM) of 27.00% demonstrates efficient cost management.
Significant 5-year Capex CAGR of 37.94% shows commitment to growth.
Comprehensive turnkey material handling solutions establish a strong market position.
What can break it.
Recent quarterly sales declined -31.70% and profit by -26.10%, concerning trend.
High debt-to-equity ratio of 1.44 poses significant financial risk.
Zero Return on Equity (ROE) at 0.00% indicates no shareholder profit generation.
Low promoter holding of 34.12% may lead to less stable control.
Negative 5-year revenue growth of -8.32% signals long-term business contraction.
What would change my mind.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 154.16. Balance sheet risk re-prices growth multiples fast.
TRF Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — TRF Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
TRF Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for TRF Ltd — derived from the live tape, not yesterday's close.
TRF Ltd last traded at ₹235.01 with an intraday range of ₹227.59–₹237.95 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹235.01| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 260.16 | +25.15 | +10.70% |
| R3 | 249.80 | +14.79 | +6.29% |
| R2 | 243.88 | +8.87 | +3.77% |
| R1 | 239.44 | +4.43 | +1.89% |
| PIVOT | 233.52 | -1.49 | -0.64% |
| CURRENT | 235.01 | — | — |
| S1 | 208.36 | -26.65 | -11.34% |
| S2 | 218.72 | -16.29 | -6.93% |
| S3 | 223.16 | -11.85 | -5.04% |
| S4 | 229.08 | -5.93 | -2.52% |
TRF is trading Above CPR, indicating Bullishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 228 ~ 234.84
Trading Above opening range, showing Bullishness
TRF Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for TRF Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in TRF Ltd stood at 49.1% of traded volume, against a 20-day average of 52.3%.
TRF announcements: results, concalls, ratings, M&A.
Filings TRF sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
TRF files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 42 documents below.
Disclosure under SEBI Takeover Regulations
Tata Steel Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India…
Disclosure under SEBI Takeover Regulations
Tata Steel Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India…
Copy of Newspaper Publication
TRF Limited has informed the Exchange about Copy of Newspaper Publication
Shareholders meeting
TRF Limited has informed the Exchange regarding Notice of Postal Ballot
Copy of Newspaper Publication
TRF Limited has informed the Exchange about Copy of Newspaper Publication
Investor decks & rating reports.
TRF dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue TRF has declared, sequenced by announce and record date.
TRF corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About TRF Ltd: business, sector, key facts.
What TRF Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
TRF Ltd operates in the Industrials, listed as NSE: TRF, BSE: 505854.
TRF Limited is an Indian company specializing in turnkey material handling projects. Their business model centers around providing comprehensive solutions, encompassing the entire project lifecycle from initial design and engineering to final commissioning and ongoing maintenance.
The company operates across two main segments: Products & Services, and Project & Services. The Products segment focuses on manufacturing a wide range of material handling equipment. This equipment includes crushers (hydraulic cone and double roll), load haul dumpers, screens (roller, truflo, ultraflo vibrating), feeders (unabalance motor, rotary plough, apron, ultraflo vibrating), stacker cum reclaimers, ship unloaders, travelling trippers, conveyors (sectional and mine), pulleys, wagon tipplers, and cranes (goose neck level luffing). They also produce ring granulators and rotary breakers.
The Project & Services segment complements the product offerings by providing comprehensive project management and related services. This includes design and engineering services, overseeing project implementation, supplying and managing manpower, leasing equipment, and offering spare parts. Beyond project completion, TRF provides ongoing life cycle services, including operations and maintenance, and undertakes refurbishment projects for steel plant equipment such as ladle and tundish repair and electrical repairs.
TRF Limited's clientele spans various sectors, notably infrastructure (power and ports) and industrial clients (steel plants, cement, fertilizer, and mining industries). Their turnkey approach allows them to offer complete solutions, managing all aspects of a project from conception to completion and beyond, thereby establishing a strong position within the Indian material handling market.
Questions investors ask about TRF Ltd (TRF).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of TRF Ltd (TRF)?
The current share price of TRF Ltd (TRF) is ₹235.01. Today, the stock has gained by ₹7.22 (3.17%), trading in a range of ₹227.59 to ₹237.95. The stock opened at ₹228 with a trading volume of 20,361 shares.
02Is TRF Ltd stock a good investment for long-term?
TRF Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹256.52 crores, P/E ratio of 0.00, ROE of -5.33%, and ROCE of 21.80%. The dividend yield stands at 0.00%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of TRF Ltd stock?
The 52-week high price of TRF Ltd (TRF) is ₹405, while the 52-week low is ₹215.5. Currently trading at ₹235.01, the stock is 10.3% away from its 52-week low and 42.0% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy TRF Ltd stock at the current price?
Whether to buy TRF Ltd stock at ₹235.01 depends on multiple factors. The stock is currently trading with a P/E ratio of 0.00 and P/B ratio of 3.01. Today's performance shows a gain of 3.17%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of TRF Ltd and when is the next dividend?
TRF Ltd offers a dividend yield of 0.00%, which means for every ₹100 invested at the current price of ₹235.01, you can expect to receive approximately ₹0.00 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of TRF Ltd?
TRF Ltd's key financial metrics include: P/E Ratio: 0.00, P/B Ratio: 3.01, ROE: -5.33%, ROCE: 21.80%, Dividend Yield: 0.00%, EPS: ₹-4.05, Book Value: ₹76.06, and Debt-to-Equity: 153.66. The company's market cap stands at ₹256.52 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is TRF Ltd stock performing today in the market?
TRF Ltd stock opened at ₹228 and is currently trading at ₹235.01, showing a gain of ₹7.22 (3.17%). The intraday high is ₹237.95 and low is ₹227.59. The trading volume stands at 20,361 shares, indicating moderate market participation today.
08What is the P/E ratio of TRF Ltd and what does it indicate?
TRF Ltd has a Price-to-Earnings (P/E) ratio of 0.00, which means investors are willing to pay ₹0.00 for every ₹1 of earnings. With an EPS of ₹-4.05, this P/E ratio suggests the stock may be undervalued or facing growth challenges. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about TRF Ltd (TRF) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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