TRF
TRF (TRF) share price was ₹200.67 at the 28 Oct 2026 close; market capitalisation ₹221 Cr; sector Capital Goods. The share price fell 38.9% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 11.1% year on year to ₹26.03 Cr and net profit fell 46.4% year on year to ₹1.88 Cr (compared with Jun 2025). Promoters held 34.12% of TRF in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 40/100 (Weak) as of 28 Oct 2026.
Key Fundamentals
MicrocapIndustrial ManufacturingCapital GoodsPrice-based figures as of 29 Oct 2026, 10:41 IST · EPS basis: Consolidated · TTM
Peer Comparison
Industrials › Capital Goods › Industrial Products
| ₹3,914.60 | 96.49 | 46,310 Cr | 14.22 | 0.04% | 19.61% | 25.98% | 4,896 Cr | 477 Cr | |
| ₹1,637.90 | 85.75 | 31,584 Cr | 11.03 | 0.10% | 11.28% | 14.83% | 5,510 Cr | 401 Cr | |
| ₹30,225.00 | 48.49 | 26,724 Cr | 5.73 | 0.35% | 11.76% | 15.68% | 4,959 Cr | 552 Cr | |
| ₹3,197.80 | 62.01 | 21,436 Cr | 4.53 | 0.00% | 7.64% | 12.03% | 4,043 Cr | 345 Cr | |
| ₹942.40 | 66.65 | 21,432 Cr | 10.71 | 0.00% | 16.79% | 22.04% | 2,236 Cr | 323 Cr | |
| ₹16,446.00 | 100.52 | 17,569 Cr | 5.78 | 0.21% | 4.56% | 5.85% | 3,824 Cr | 176 Cr | |
| ₹203.90 | — | 224 Cr | 2.51 | 0.00% | -5.30% | 4.32% | 166 Cr | -6 Cr | |
| Median 7 companies | ₹3,197.80 | 76.20 | 21,436 Cr | 5.78 | 0.04% | 11.28% | 14.83% | 4,043 Cr | 345 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Data confidence 88/100
Category scores
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Debtor days have improved from 153 to 107 days.
Weaknesses
5- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -5.69% over past five years.
- Promoter holding is low: 34.1%
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.6.64 Cr.
Technical Indicators
Oscillators
Bearish
Overall
Bearish
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 5.11% · Jun 2026
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 33.91 | 39.27 | 28.77 | 38 | 37.62 | 32.7 | 23.31 | 27.11 | 23.42 | 22.34 | 19.89 | 19.39 | 26.03 |
| Expenses | 23.91 | 30.62 | 17.06 | 32.69 | 32.47 | 25.94 | 11.8 | 20.88 | 20.22 | 17.27 | 13.19 | 25.64 | 24.7 |
| Operating Profit | 10 | 8.65 | 11.71 | 5.31 | 5.15 | 6.76 | 11.51 | 6.23 | 3.2 | 5.07 | 6.7 | -6.25 | 1.33 |
| OPM % | 29.49% | 22.03% | 40.7% | 13.97% | 13.69% | 20.67% | 49.38% | 22.98% | 13.66% | 22.69% | 33.69% | -32.23% | 5.11% |
| Other Income | 2.54 | 13.23 | -4.76 | 6.11 | 3.87 | 3.64 | 4.01 | 6.53 | 3.78 | -6.96 | 3.65 | 4.06 | 5.89 |
| Interest | 3.29 | 2.97 | 3.1 | 4.5 | 3.47 | 3.75 | 3.6 | 3.23 | 2.81 | 4.16 | 3.83 | 4.01 | 4.55 |
| Depreciation | 0.5 | 0.57 | 0.55 | 0.62 | 0.57 | 0.63 | 0.65 | 0.87 | 0.66 | 0.71 | 0.78 | 0.77 | 0.8 |
| PBT | 8.75 | 18.34 | 3.3 | 6.3 | 4.98 | 6.02 | 11.27 | 8.66 | 3.51 | -6.76 | 5.74 | -6.97 | 1.87 |
| Tax % | 0% | 0% | 63.03% | 0% | 0% | 0% | 0% | 59.35% | 0% | 0.74% | 0% | -0.86% | 0% |
| Net Profit | 8.76 | 18.33 | 1.21 | 6.3 | 4.99 | 6.02 | 11.27 | 3.52 | 3.51 | -6.81 | 5.74 | -6.91 | 1.88 |
| EPS (₹) | 7.96 | 16.66 | 1.1 | 5.72 | 4.53 | 5.47 | 10.24 | 3.2 | 3.19 | -6.19 | 5.22 | -6.28 | 1.71 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,113 | 962 | 550 | 432 | 223 | 185 | 114 | 127 | 177 | 140 | 121 | 85.03 | 87.65 |
| Expenses | 1,197 | 946 | 585 | 575 | 314 | 339 | 151 | 131 | 119 | 104 | 91.27 | 76.3 | 80.8 |
| Operating Profit | -83.83 | 15.76 | -34.61 | -143 | -91.06 | -154 | -37.45 | -3.87 | 58.48 | 35.67 | 29.46 | 8.73 | 6.85 |
| OPM % | -7.53% | 1.64% | -6.29% | -33.12% | -40.82% | -83.05% | -32.87% | -3.04% | 33.02% | 25.49% | 24.4% | 10.27% | 7.82% |
| Other Income | 101 | 11.52 | 42.68 | 44.86 | 120 | 9.75 | -14.89 | 13.85 | 50.18 | 17.11 | 18.05 | 4.53 | 6.64 |
| Interest | 58.04 | 56.51 | 47.76 | 48.95 | 60.88 | 37.43 | 38 | 30.62 | 24.75 | 13.86 | 14.06 | 14.82 | 16.55 |
| Depreciation | 13.75 | 9.65 | 5.53 | 4.99 | 3.39 | 3.3 | 2.74 | 2.42 | 2.01 | 2.24 | 2.52 | 2.91 | 3.06 |
| PBT | -54.46 | -38.88 | -45.22 | -152 | -34.85 | -185 | -93.08 | -23.06 | 81.9 | 36.68 | 30.93 | -4.47 | -6.12 |
| Tax % | 15.77% | 5.32% | -46.7% | -11.84% | 0.03% | 0.02% | 0.03% | -0.04% | -8.16% | 5.67% | 16.62% | 0% | — |
| Net Profit | -63.04 | -40.95 | -24.1 | -134 | -34.86 | -185 | -93.11 | -23.04 | 88.58 | 34.6 | 25.79 | -4.47 | -6.1 |
| EPS (₹) | -59.05 | -37.15 | -21.9 | -122 | -31.41 | -168 | -84.61 | -20.94 | 80.5 | 31.44 | 23.44 | -4.06 | -5.54 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | -27.2 | -59.73 | -92.38 | -212 | -238 | -417 | -508 | -531 | -412 | -395 | -367 | -349 |
| Borrowings | 602 | 621 | 561 | 399 | 457 | 531 | 494 | 523 | 507 | 542 | 554 | 552 |
| Other Liabilities | 782 | 730 | 718 | 893 | 450 | 445 | 427 | 365 | 207 | 151 | 141 | 135 |
| Total Liabilities | 1,368 | 1,302 | 1,198 | 1,091 | 680 | 570 | 424 | 368 | 314 | 310 | 339 | 349 |
| Fixed Assets | 245 | 226 | 209 | 194 | 113 | 22.55 | 19.95 | 18.11 | 17.17 | 19.44 | 20.61 | 25.68 |
| CWIP | 0.03 | 0.15 | 0.75 | 0.78 | 1.48 | 0 | 0 | 0 | 0 | 0 | 0.94 | 2.3 |
| Investments | 0.23 | 18.01 | 17.72 | 18.9 | 27.95 | 0.43 | 0.75 | 0.74 | 61.69 | 65.56 | 19.86 | 226 |
| Other Assets | 1,122 | 1,058 | 970 | 877 | 539 | 547 | 404 | 349 | 235 | 225 | 298 | 94.68 |
| Total Assets | 1,368 | 1,302 | 1,198 | 1,091 | 680 | 570 | 424 | 368 | 314 | 310 | 339 | 349 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 57.61 | 1.83 | 111 | 55.22 | -107 | -55.75 | 20.96 | -37.68 | 83.1 | 33.9 | 93.56 | -0.07 |
| Investing | 46.96 | 3.89 | 2.06 | 25.19 | 134 | 1.47 | 60.51 | 6.33 | -50.12 | 14.8 | -111 | -41.34 |
| Financing | -87.69 | -33.54 | -109 | -70.01 | -10.91 | 63.92 | -79.13 | 8.93 | -30.31 | 0.49 | -0.62 | -0.61 |
| Net Cash Flow | 16.88 | -27.82 | 3.07 | 10.4 | 16.21 | 9.65 | 2.35 | -22.42 | 2.66 | 49.2 | -17.91 | -42.03 |
| Free Cash Flow | 104 | -7.34 | 113 | 52.02 | -110 | -56.51 | 20.55 | -37.26 | 81.81 | 28.98 | 89.76 | -8.47 |
| CFO/OP | -60 | 5 | -336 | -46 | 118 | 33 | -53 | 883 | 122 | 112 | 327 | 11 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 209 | 242 | 366 | 321 | 490 | 433 | 616 | 400 | 130 | 258 | 93.12 | 107 |
| Inventory Days | 143 | 148 | 243 | 130 | 355 | 434 | 554 | 245 | 229 | 130 | — | 658 |
| Days Payable | 220 | 243 | 459 | 401 | 1,051 | 1,569 | 2,396 | 1,473 | 1,378 | 1,050 | — | 1,973 |
| Cash Conversion Cycle | 132 | 146 | 150 | 50.32 | -207 | -701 | -1,227 | -828 | -1,020 | -662 | 93.12 | -1,208 |
| Working Capital Days | -21.57 | -50.66 | -147 | -105 | -364 | -534 | -951 | -827 | -88.44 | -61.57 | -190 | -241 |
| ROCE % | -6.35% | 3.12% | -0.37% | -30.34% | -5.21% | -83.07% | -58.48% | — | 188.39% | 37.59% | 21.81% | 9.42% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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63 extracted metrics + investor summaries across FY11–FY27.
Documents
Frequently Asked Questions about TRF
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Company Information
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]
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