₹252.26
▼ -3.14 -1.23%
17 Jul 2026
NSE Listed · Capital Goods-Non Electrical Equipment
TRF Limited (TRF)
Volume: 65,591Avg Vol 1W: 68,125Avg Vol 1M: 30,29752W Range:₹215.5₹405
Key Ratios
Checked 7h agoMarket Cap₹278 Cr
Current Price₹252.26
Previous Close₹255.4
High / Low (52w)₹405 / ₹215.5
Volume65,591
Avg Vol (1W)68,125
Avg Vol (1M)30,297
Stock P/E40.1
Book Value₹76.7
Dividend Yield0%
ROE8.2%
ROA-128.16%
Revenue (TTM)—
Revenue Growth-13.74%
Profit Margin-5.26%
Total Debt₹40 Cr
Shares Outstanding1 Cr
Face Value₹10
EPS (TTM)₹6.29
P/B3.29
Debt / Equity0.35
50 DMA₹237.97
200 DMA₹245.43
Day change-1.23%
Price Chart
₹252.26▼ 20.49% · 1Y
2025-11-202026-07-16
20-day avg volume: 33K shares
Pros
- Company is almost debt-free.
Cons
- Revenue fell 14% YoY.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹38 Cr | ₹33 Cr | ₹23 Cr | ₹27 Cr | ₹23 Cr | ₹22 Cr | ₹20 Cr | ₹19 Cr |
| EBITDA | ₹8 Cr | ₹10 Cr | ₹15 Cr | ₹12 Cr | ₹6 Cr | ₹9 Cr | ₹10 Cr | ₹-3 Cr |
| Net Profit | ₹5 Cr | ₹6 Cr | ₹11 Cr | ₹4 Cr | ₹4 Cr | ₹-7 Cr | ₹6 Cr | ₹-7 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹444 Cr | ₹245 Cr | ₹195 Cr | ₹118 Cr | ₹148 Cr | ₹226 Cr | ₹162 Cr | ₹139 Cr |
| EBITDA | ₹-143 Cr | ₹-85 Cr | ₹-95 Cr | ₹-36 Cr | ₹15 Cr | ₹106 Cr | ₹56 Cr | ₹45 Cr |
| Net Profit | ₹-134 Cr | ₹-35 Cr | ₹-185 Cr | ₹-93 Cr | ₹-23 Cr | ₹89 Cr | ₹35 Cr | ₹26 Cr |
| EPS | -121.87 | -31.41 | -168.15 | -84.61 | -20.94 | 71.14 | 31.45 | 23.44 |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹1,091 Cr | ₹681 Cr | ₹570 Cr | ₹424 Cr | ₹368 Cr | ₹314 Cr | ₹310 Cr | ₹339 Cr |
| Total Liabilities | ₹1,291 Cr | ₹681 Cr | ₹750 Cr | ₹695 Cr | ₹662 Cr | ₹292 Cr | ₹270 Cr | ₹256 Cr |
| Equity | ₹-200 Cr | ₹-1 Cr | ₹-179 Cr | ₹-271 Cr | ₹-294 Cr | ₹22 Cr | ₹39 Cr | ₹83 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹66 Cr | ₹-107 Cr | ₹-50 Cr | ₹20 Cr | ₹-34 Cr | ₹71 Cr | ₹40 Cr | ₹96 Cr |
| Investing | ₹23 Cr | ₹134 Cr | ₹20 Cr | ₹60 Cr | ₹6 Cr | ₹-52 Cr | ₹16 Cr | ₹-113 Cr |
| Financing | ₹-70 Cr | ₹-11 Cr | ₹64 Cr | ₹-79 Cr | ₹9 Cr | ₹-30 Cr | ₹0 Cr | ₹-1 Cr |
| Free Cash Flow | ₹66 Cr | ₹-107 Cr | ₹-50 Cr | ₹20 Cr | ₹-34 Cr | ₹71 Cr | ₹40 Cr | ₹96 Cr |
Shareholding
Promoter 34.12% Institutions 0.52% Public 65.36%
Efficiency & Working Capital
ROCE10.2%
Interest Coverage2.8
Dividend Payout—
Debtor Days93 d
Inventory Days14 d
Payable Days114 d
Cash Conversion Cycle-7 d
Working Capital Days107 d
Shareholding Details
As of 2026-03-31
Promoter34.1%
FII0.5%
DII0%
Institutions0.5%
Public65.4%
Promoter Pledge0%
No. of Shareholders25,765
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 34.1% | 34.1% | 34.1% | 34.1% | 34.1% | 34.1% | 34.1% | 34.1% | 34.1% | 34.1% | 34.1% | 34.1% |
| FIIs | 3.3% | 0% | 0% | 0.8% | 0.7% | 0.4% | 0.5% | 0.5% | 0.7% | 0.5% | 0.5% | 0.5% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 62.6% | 65.9% | 65.9% | 65.1% | 65.1% | 65.4% | 65.4% | 65.4% | 65.2% | 65.4% | 65.3% | 65.4% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 22,297 | 27,476 | 28,260 | 28,111 | 25,413 | 25,751 | 26,409 | 26,544 | 26,399 | 26,630 | 26,398 | 25,765 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Tata Steel Limited | Shareholding of Promoter and Promoter Group | 34.1% | 37,53,275 |
| Roopa Corporate Services Pvt. Ltd. | Public Shareholding | 2.8% | 3,12,664 |
| Guttikonda Vara Lakshmi | Public Shareholding | 2.1% | 2,32,938 |
| Litton Systems Inc | Public Shareholding | 2% | 2,17,500 |
| Chetan Gopaldas Cholera | Public Shareholding | 1.5% | 1,59,687 |
| Ravi Shankaran | Public Shareholding | 1.2% | 1,32,080 |
| Pragya Equities Pvt. Ltd. | Public Shareholding | 1.2% | 1,26,665 |
| O.p.j Financial Services (p) Ltd. | Public Shareholding | 1.1% | 1,20,000 |
| Tata Industries Limited | Shareholding of Promoter and Promoter Group | 0% | 1,960 |
| Abja Investment Co. Pte. Ltd. | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Tata Steel Utilities And Infrastructure Services Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Haldia Water Management Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Tata Steel Business Delivery Centre Ltd (formerly Known As Kalimati Global Shared Services Limited) | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Tata Steel Special Economic Zone Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| The Tata Pigments Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Adityapur Toll Bridge Company Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Mohar Export Services Pvt. Ltd | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Rujuvalika Investments Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Tata Korf Engineering Services Ltd | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Neelachal Ispat Nigam Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| T Steel Holdings Pte. Ltd. | Shareholding of Promoter and Promoter Group | 0% | 0 |
| T S Global Holdings Pte Ltd. | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Orchid Netherlands (no.1) B.v. | Shareholding of Promoter and Promoter Group | 0% | 0 |
| The Siam Industrial Wire Company Ltd. | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Tsn Wires Co., Ltd. | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Tata Steel Limited | 0 | 0% | 2026-03-31 |
| Tata Industries Limited | 0 | 0% | 2026-03-31 |
| Abja Investment Co. Pte. Ltd. | 0 | 0% | 2026-03-31 |
| Tata Steel Utilities And Infrastructure Services Limited | 0 | 0% | 2026-03-31 |
| Haldia Water Management Limited | 0 | 0% | 2026-03-31 |
| Tata Steel Business Delivery Centre Ltd (formerly Known As Kalimati Global Shared Services Limited) | 0 | 0% | 2026-03-31 |
| Tata Steel Special Economic Zone Limited | 0 | 0% | 2026-03-31 |
| The Tata Pigments Limited | 0 | 0% | 2026-03-31 |
| Adityapur Toll Bridge Company Limited | 0 | 0% | 2026-03-31 |
| Mohar Export Services Pvt. Ltd | 0 | 0% | 2026-03-31 |
| Rujuvalika Investments Limited | 0 | 0% | 2026-03-31 |
| Tata Korf Engineering Services Ltd | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Ramya Hariharan | Independent Director | 2025 |
| KRISHNAVA SATYAKI DUTT | Independent Director | 2025 |
| UMESH KUMAR SINGH | Managing Director | 2025 |
| Samita Jigar Shah | Chairman (Non-Executive) | 2025 |
| Akshay Khullar | Non Executive Director | 2025 |
| Pingali Venugopal | Independent Director | 2025 |
| Sougata Ray | Independent Director | 2025 |
| Sandeep Bhattacharya | Non Executive Director | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Products and services | ₹105 Cr | 87.1% |
| Projects and services | ₹16 Cr | 12.9% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 30 | 11 | 11 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-07-16 | Board Meetings | — |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 0 | 0 | 2 | 19 | 252 |
| 2025 | 0 | 0 | 0 | 0 | 0 | 67 |
| 2025 | 0 | 0 | 0 | 2 | 19 | 34 |
Substantial Acquisitions (SAST)
1 disclosure(s)
Pref. Allotment07/05/2022 · —
Company Information
Incorporated1962
ChairmanSamita Jigar Shah
AuditorPrice Waterhouse & Co Chartered Accountants LLP
Investor Email[email protected]
📍 11 Station Road, Burma Mines, Jamshedpur, Jharkhand, 831007
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