TRF

Who are the top shareholders of the TRF?

The top shareholder of TRF is Tata Steel Limited, owning 34.11%, followed by Roopa Corporate Services Pvt. Ltd. at 2.84%, and individual investors with a combined 50.21%. There are also five foreign institutional investors holding 0.47%, with no pledged promoter holdings reported.

The top shareholders of TRF include Tata Steel Limited, which holds the largest stake at 34.11%. Other significant shareholders are Roopa Corporate Services Pvt. Ltd., with 2.84%, and individual investors, who collectively own 50.21% of the company. Additionally, there are five foreign institutional investors (FIIs) holding a combined 0.47%, and one mutual fund scheme with a negligible holding. There are no pledged promoter holdings reported.

how big is TRF?

As of Jun 06, TRF Ltd has a market capitalization of 432.25 Cr, classifying it as a Micro Cap company, with recent net sales of 120.74 Cr and net profit of 25.80 Cr over the last four quarters. The latest balance sheet shows shareholder's funds at 39.06 Cr and total assets at 309.51 Cr.

Market Cap: <BR>As of Jun 06, TRF Ltd has a market capitalization of 432.25 Cr, which classifies it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: <BR>For the latest 4 quarters, TRF Ltd reported a sum of Net Sales of 120.74 Cr and a sum of Net Profit of 25.80 Cr. This data is Consolidated.<BR><BR>Balance Sheet Snapshot: <BR>This is Consolidated data for the latest annual period ending in Mar'24. The Shareholder's Funds are valued at 39.06 Cr, and the Total Assets amount to 309.51 Cr.

Who are in the management team of TRF?

As of March 2023, the management team of TRF includes Ranaveer Sinha, Ramya Hariharan, KRISHNAVA SATYAKI DUTT, Ansuman Das (all Independent Directors), Prasun Banerjee (Company Secretary & Compliance Officer), AVNEESH GUPTA (Chairman, Non-Executive), SANJIB NANDA (Non-Executive Director), and UMESH KUMAR SINGH (Managing Director). Each member plays a key role in the company's governance and operations.

As of March 2023, the management team of TRF includes the following individuals:<BR><BR>1. Ranaveer Sinha - Independent Director<BR>2. Ramya Hariharan - Independent Director<BR>3. KRISHNAVA SATYAKI DUTT - Independent Director<BR>4. Ansuman Das - Independent Director<BR>5. Prasun Banerjee - Company Secretary & Compliance Officer<BR>6. AVNEESH GUPTA - Chairman (Non-Executive)<BR>7. SANJIB NANDA - Non-Executive Director<BR>8. UMESH KUMAR SINGH - Managing Director<BR><BR>Each member holds a significant role within the organization, contributing to its governance and operational management.

When is the next results date for TRF?

No Upcoming Board Meetings

What is the bonus history of the TRF?

TRF Ltd has a bonus history that includes a 1:1 bonus issue announced on July 31, 2009, with a record date of August 3, 2009, allowing shareholders to receive one additional share for each share held.

TRF Ltd has a bonus history that includes a notable 1:1 bonus issue. This was announced with an ex-date of July 31, 2009, and the record date for this bonus was August 3, 2009. This means that shareholders on record as of the record date received one additional share for every share they held.

Has TRF declared dividend?

TRF Ltd has declared a 40% dividend, amounting to 4 per share, with an ex-date of July 10, 2012. Despite this, the dividend yield is 0%, and while total returns are negative over shorter periods, they show significant growth over 2 to 5 years.

TRF Ltd has declared a 40% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 40%<BR>- Amount per share: 4<BR>- Ex-date: Jul-10-2012<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -17.42%, the dividend return was 0%, resulting in a total return of -17.42%.<BR><BR>For the 1-year period, the price return was -30.2%, the dividend return was 0%, leading to a total return of -30.2%.<BR><BR>Over the 2-year period, the price return was 133.92%, with a dividend return of 0%, resulting in a total return of 133.92%.<BR><BR>In the 3-year period, the price return was 183.44%, the dividend return was 0%, yielding a total return of 183.44%.<BR><BR>For the 4-year period, the price return was 268.69%, with a dividend return of 0%, culminating in a total return of 268.69%.<BR><BR>In the 5-year period, the price return was 386.02%, the dividend return was 0%, resulting in a total return of 386.02%.<BR><BR>Overall, TRF Ltd has declared a dividend, but the dividend yield remains at 0%. The total returns show significant growth over longer periods, particularly in the 2 to 5-year spans, despite negative returns in the shorter terms.

Who are the peers of the TRF?

TRF's peers include Kaynes Tech, Honeywell Auto, Jyoti CNC Auto, LMW, Jupiter Wagons, Guj Apollo Inds, Fabtech Techn., Batliboi, United Drilling, and Aaron Industries, with varying management risks and growth rates. TRF has a Good management risk, Below Average growth, and a 1-year return of -36.31%, lower than its peers.

Peers: The peers of TRF are Kaynes Tech, Honeywell Auto, Jyoti CNC Auto., LMW, Jupiter Wagons, Guj Apollo Inds, Fabtech Techn., Batliboi, United Drilling, and Aaron Industries.<BR><BR>Quality Snapshot: Excellent management risk is observed at Kaynes Tech, Honeywell Auto, Jyoti CNC Auto., and Aaron Industries, while Good management risk is found at TRF. Average management risk is present at LMW, Jupiter Wagons, Fabtech Techn., and United Drilling, while Below Average management risk is seen at Guj Apollo Inds and Batliboi. Excellent growth is noted at Kaynes Tech, Jyoti CNC Auto., and Aaron Industries, while Below Average growth is found at TRF, Honeywell Auto, LMW, Guj Apollo Inds, and Fabtech Techn. Average growth is seen at Jupiter Wagons, while Below Average growth is noted at Batliboi. Excellent capital structure is observed at Honeywell Auto, LMW, Jupiter Wagons, and Fabtech Techn., while Good capital structure is found at TRF and Average capital structure at Aaron Industries. Below Average capital structure is present at Guj Apollo Inds and Batliboi.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Kaynes Tech at 65.93%, while the peer with the lowest is Honeywell Auto at -26.32%. TRF's 1-year return is -36.31%, which is lower than both of these peers. Additionally, the six-month returns for TRF, Honeywell Auto, LMW, Jupiter Wagons, Guj Apollo Inds, Fabtech Techn., Batliboi, and United Drilling are all negative.

What is the technical trend for TRF?

As of April 28, 2025, TRF's technical trend is mildly bearish, supported by daily moving averages and mixed signals from the MACD and KST.

As of 28 April 2025, the technical trend for TRF has changed from sideways to mildly bearish. The weekly MACD indicates a mildly bullish stance, but the monthly MACD is mildly bearish, suggesting mixed signals. The daily moving averages are mildly bearish, reinforcing the overall bearish trend. The Bollinger Bands show a bullish signal on the weekly but a mildly bearish signal on the monthly, indicating potential volatility. The KST is mildly bullish on the weekly but mildly bearish on the monthly, while the Dow Theory reflects a mildly bearish stance on the weekly. The OBV is also mildly bearish on the weekly. Overall, the current technical stance is mildly bearish, driven primarily by the daily moving averages and the mixed signals from the MACD and KST.

What does TRF do?

TRF Ltd is a micro-cap industrial manufacturing company specializing in turnkey material handling projects, with a market cap of INR 429 Cr and a net profit of 35 Cr as of March 2025. It has a P/E ratio of 17.00 and a return on equity of 30.91%.

Overview: <BR>TRF Ltd is a micro-cap company in the industrial manufacturing sector that undertakes turnkey projects for material handling in infrastructure and industrial sectors.<BR><BR>History: <BR>Incorporated in November 1962, TRF Ltd was formerly known as Tata-Robins-Fraser. The latest quarterly results reported net sales and net profit for March 2025.<BR><BR>Financial Snapshot: <BR>Net Sales: 271 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 35 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: INR 429 Cr (Micro Cap) <BR><BR>Key Metrics: <BR>P/E: 17.00 <BR>Industry P/E: 33 <BR>Dividend Yield: 0.00% <BR>Debt Equity: -1.16 <BR>Return on Equity: 30.91% <BR>Price to Book: 5.02 <BR><BR>Contact Details: <BR>Address: 11 Station Road, Burma Mines Jamshedpur Jharkhand : 831007 <BR>Tel: 91-0657-2345727 <BR>Email: comp_sec@trf.co.in <BR>Website: http://www.trf.co.in

Is TRF overvalued or undervalued?

As of September 18, 2025, TRF is considered overvalued with a valuation grade of expensive, a PE ratio of 16.92, and while it has lower PE compared to peers like Rail Vikas and Tube Investments, its elevated valuation relative to the industry and underperformance against the Sensex suggest it may not be a compelling investment currently.

As of 18 September 2025, the valuation grade for TRF has moved from very expensive to expensive, indicating a slight improvement in its valuation perception. The company is currently deemed overvalued. Key ratios include a PE ratio of 16.92, an EV to EBITDA ratio of 11.36, and a ROE of 30.91%. <BR><BR>In comparison with peers, TRF's PE ratio is significantly lower than that of Rail Vikas, which stands at 63.33, and Tube Investments, which has a PE of 100.83. Despite this, TRF's valuation remains elevated relative to its industry, suggesting that it may not be a compelling investment at current levels. Additionally, while TRF has underperformed the Sensex over the past year, it has shown strong returns over a longer horizon, indicating potential volatility in its stock performance.

How has been the historical performance of TRF?

TRF has experienced significant declines in net sales, operating income, and profitability from Mar'19 to Mar'25, with net sales dropping from 237.06 Cr to 120.73 Cr. However, cash flow from operating activities improved, indicating a gradual recovery despite ongoing financial challenges.

Answer:<BR>The historical performance of TRF shows significant fluctuations in key financial metrics over the years.<BR><BR>Breakdown:<BR>TRF's net sales have experienced a downward trend, decreasing from 237.06 Cr in Mar'19 to 120.73 Cr in Mar'25. The total operating income followed a similar pattern, peaking at 177.10 Cr in Mar'23 before dropping to 120.73 Cr in Mar'25. Operating profit (PBDIT) also saw a decline from 107.60 Cr in Mar'23 to 47.50 Cr in Mar'25, reflecting a decrease in operating profit margin from 33.66% to 24.56% over the same period. Profit before tax and profit after tax mirrored this trend, with profit before tax falling from 80.84 Cr in Mar'23 to 30.93 Cr in Mar'25, and profit after tax decreasing from 87.55 Cr to 25.79 Cr. The company's total assets decreased from 570.21 Cr in Mar'20 to 339.32 Cr in Mar'25, while total liabilities also reduced from 424.49 Cr to 339.32 Cr in the same timeframe. Cash flow from operating activities showed improvement, rising from -37.00 Cr in Mar'22 to 33.00 Cr in Mar'24, contributing to a net cash inflow of 49.00 Cr in Mar'24. Overall, TRF's financial performance reflects a challenging environment with a gradual recovery in cash flow but persistent declines in sales and profitability metrics.

Are TRF latest results good or bad?

TRF's latest results are concerning, showing a net loss of ₹6.81 crores in Q2 FY26, a significant decline from a profit of ₹3.51 crores in Q1 FY26, alongside falling revenues and rising interest costs, indicating operational challenges and a negative trend.

TRF's latest results indicate a troubling performance. In Q2 FY26, the company reported a net loss of ₹6.81 crores, which is a significant decline of 294.02% compared to the previous quarter. This marks a stark contrast to the profit of ₹3.51 crores in Q1 FY26. Additionally, revenue fell to ₹22.34 crores, reflecting a 31.68% decrease year-on-year and a 4.61% decline from the previous quarter. <BR><BR>While the operating margin improved to 22.74%, this increase is overshadowed by the overall drop in revenue and the mounting interest costs, which reached ₹4.16 crores, the highest in seven quarters. The company's reliance on non-operating income, which constituted 95.60% of profit before tax, raises concerns about the sustainability of its business model.<BR><BR>Overall, the financial results suggest that TRF is facing significant operational challenges, with declining revenues and profitability, making the latest results more indicative of a negative trend rather than a positive one.

Should I buy, sell or hold TRF?

Why is TRF Ltd falling/rising?

As of 20-Jan, TRF Ltd's stock price is at Rs. 260.55, reflecting a 6.95% decline and reaching a new 52-week low. The stock has shown significant underperformance and volatility, with poor financial results contributing to a negative outlook.

As of 20-Jan, TRF Ltd's stock price is falling, currently at Rs. 260.55, which reflects a decrease of Rs. 19.45 or 6.95%. This decline is part of a broader trend, as the stock has underperformed significantly over various periods, including a 9.22% drop over the past week and a 14.46% decrease over the past month. Notably, the stock has reached a new 52-week low today, indicating a lack of investor confidence.<BR><BR>The stock's performance has been characterized by high volatility, with an intraday volatility of 5.29%, and it has been trading below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, the stock has experienced consecutive losses over the last two days, contributing to an overall decline of 8.71% in that timeframe.<BR><BR>Financially, TRF Ltd has reported poor results, including a significant drop in operating profit of 9.41% and negative results for the last ten consecutive quarters. The company's net sales have also decreased at an annual rate of 4.88% over the past five years, and its profits have fallen by 7.5% over the past year. This poor financial performance, combined with a high level of volatility and underperformance relative to the sector, has led to a negative outlook for the stock, reinforcing the trend of falling prices.

Which are the latest news on TRF?