Debut Plus

241.77

-10.49 -4.16%

18 Jul 2026

NSE Listed · Capital Goods-Non Electrical Equipment

TRF Limited (TRF)

Volume: 18,721Avg Vol 1W: 26,912Avg Vol 1M: 30,67052W Range:215.5405
Market Cap₹266 Cr
Current Price₹241.77
Previous Close₹252.26
High / Low (52w)₹405 / ₹215.5
Volume18,721
Avg Vol (1W)26,912
Avg Vol (1M)30,670
Stock P/E50.79
Book Value₹-307.49
Dividend Yield0%
ROE8.2%
ROA-174.9%
Revenue (TTM)
Revenue Growth-13.74%
Profit Margin-6.96%
Total Debt₹40 Cr
Shares Outstanding1 Cr
Face Value₹10
EPS (TTM)₹4.76
P/B0
Debt / Equity0.3
50 DMA₹238.82
200 DMA₹245.13
Day change-4.16%
Price Chart
241.77 22.01% · 1Y
3432171.9L
2025-11-21
2026-07-17

20-day avg volume: 33K shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 27% YoY.
  • Company is loss-making at the latest annual result.
  • Stock trades at a high P/E of 51.
  • Negative book value per share.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹33 Cr₹23 Cr₹27 Cr₹23 Cr₹22 Cr₹20 Cr₹19 Cr₹26 Cr
EBITDA₹10 Cr₹15 Cr₹12 Cr₹6 Cr₹9 Cr₹10 Cr₹-3 Cr₹6 Cr
Net Profit₹6 Cr₹11 Cr₹4 Cr₹4 Cr₹-7 Cr₹6 Cr₹-7 Cr₹2 Cr
EPS
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹245 Cr₹195 Cr₹118 Cr₹148 Cr₹226 Cr₹162 Cr₹139 Cr₹101 Cr
EBITDA₹-85 Cr₹-95 Cr₹-36 Cr₹15 Cr₹106 Cr₹56 Cr₹45 Cr₹22 Cr
Net Profit₹-35 Cr₹-185 Cr₹-93 Cr₹-23 Cr₹89 Cr₹35 Cr₹26 Cr₹-4 Cr
EPS-31.41-168.15-84.61-20.9471.1431.4523.44-4.06
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹681 Cr₹570 Cr₹424 Cr₹368 Cr₹314 Cr₹310 Cr₹339 Cr₹349 Cr
Total Liabilities₹681 Cr₹750 Cr₹695 Cr₹662 Cr₹292 Cr₹270 Cr₹256 Cr₹264 Cr
Equity₹-1 Cr₹-179 Cr₹-271 Cr₹-294 Cr₹22 Cr₹39 Cr₹83 Cr₹84 Cr
Total Debt
Cash Flow
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹-107 Cr₹-50 Cr₹20 Cr₹-34 Cr₹71 Cr₹40 Cr₹96 Cr₹1 Cr
Investing₹134 Cr₹20 Cr₹60 Cr₹6 Cr₹-52 Cr₹16 Cr₹-113 Cr₹-45 Cr
Financing₹-11 Cr₹64 Cr₹-79 Cr₹9 Cr₹-30 Cr₹0 Cr₹-1 Cr₹-1 Cr
Free Cash Flow₹-107 Cr₹-50 Cr₹20 Cr₹-34 Cr₹71 Cr₹40 Cr₹96 Cr₹1 Cr
Shareholding
Promoter 34.12% Institutions 0.52% Public 65.36%
Efficiency & Working Capital
ROCE10.2%
Interest Coverage1.3
Dividend Payout
Debtor Days107 d
Inventory Days48 d
Payable Days144 d
Cash Conversion Cycle11 d
Working Capital Days156 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.

PeriodJun 2023Sept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Promoters34.1%34.1%34.1%34.1%34.1%34.1%34.1%34.1%34.1%34.1%34.1%34.1%
FIIs3.3%0%0%0.8%0.7%0.4%0.5%0.5%0.7%0.5%0.5%0.5%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public62.6%65.9%65.9%65.1%65.1%65.4%65.4%65.4%65.2%65.4%65.3%65.4%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders22,29727,47628,26028,11125,41325,75126,40926,54426,39926,63026,39825,765
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Tata Steel LimitedShareholding of Promoter and Promoter Group34.1%37,53,275
Roopa Corporate Services Pvt. Ltd.Public Shareholding2.8%3,12,664
Guttikonda Vara LakshmiPublic Shareholding2.1%2,32,938
Litton Systems IncPublic Shareholding2%2,17,500
Chetan Gopaldas CholeraPublic Shareholding1.5%1,59,687
Ravi ShankaranPublic Shareholding1.2%1,32,080
Pragya Equities Pvt. Ltd.Public Shareholding1.2%1,26,665
O.p.j Financial Services (p) Ltd.Public Shareholding1.1%1,20,000
Tata Industries LimitedShareholding of Promoter and Promoter Group0%1,960
Abja Investment Co. Pte. Ltd.Shareholding of Promoter and Promoter Group0%0
Tata Steel Utilities And Infrastructure Services LimitedShareholding of Promoter and Promoter Group0%0
Haldia Water Management LimitedShareholding of Promoter and Promoter Group0%0
Tata Steel Business Delivery Centre Ltd (formerly Known As Kalimati Global Shared Services Limited)Shareholding of Promoter and Promoter Group0%0
Tata Steel Special Economic Zone LimitedShareholding of Promoter and Promoter Group0%0
The Tata Pigments LimitedShareholding of Promoter and Promoter Group0%0
Adityapur Toll Bridge Company LimitedShareholding of Promoter and Promoter Group0%0
Mohar Export Services Pvt. LtdShareholding of Promoter and Promoter Group0%0
Rujuvalika Investments LimitedShareholding of Promoter and Promoter Group0%0
Tata Korf Engineering Services LtdShareholding of Promoter and Promoter Group0%0
Neelachal Ispat Nigam LimitedShareholding of Promoter and Promoter Group0%0
T Steel Holdings Pte. Ltd.Shareholding of Promoter and Promoter Group0%0
T S Global Holdings Pte Ltd.Shareholding of Promoter and Promoter Group0%0
Orchid Netherlands (no.1) B.v.Shareholding of Promoter and Promoter Group0%0
The Siam Industrial Wire Company Ltd.Shareholding of Promoter and Promoter Group0%0
Tsn Wires Co., Ltd.Shareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Tata Steel Limited00%2026-03-31
Tata Industries Limited00%2026-03-31
Abja Investment Co. Pte. Ltd.00%2026-03-31
Tata Steel Utilities And Infrastructure Services Limited00%2026-03-31
Haldia Water Management Limited00%2026-03-31
Tata Steel Business Delivery Centre Ltd (formerly Known As Kalimati Global Shared Services Limited)00%2026-03-31
Tata Steel Special Economic Zone Limited00%2026-03-31
The Tata Pigments Limited00%2026-03-31
Adityapur Toll Bridge Company Limited00%2026-03-31
Mohar Export Services Pvt. Ltd00%2026-03-31
Rujuvalika Investments Limited00%2026-03-31
Tata Korf Engineering Services Ltd00%2026-03-31
Board of Directors
NameDesignationYear
Ramya HariharanIndependent Director2025
KRISHNAVA SATYAKI DUTTIndependent Director2025
UMESH KUMAR SINGHManaging Director2025
Samita Jigar ShahChairman (Non-Executive)2025
Akshay KhullarNon Executive Director2025
Pingali VenugopalIndependent Director2025
Sougata RayIndependent Director2025
Sandeep BhattacharyaNon Executive Director2025
Segments — Product
SegmentRevenueShare
Products and services₹80 Cr93.8%
Projects and services₹5 Cr6.2%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10301111
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-16Board Meetings
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000219252
20250000067
202500021934
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]
🌐 www.trf.co.in

📍 11 Station Road, Burma Mines, Jamshedpur, Jharkhand, 831007

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