TRF

Why is TRF Ltd falling/rising?

As of 25-Aug, TRF Ltd's stock price is at 230.80, reflecting a slight increase due to better sector performance and higher investor participation. However, the stock has significantly underperformed over the year, with declines of 22.54% year-to-date and 28.62% over the past year.

As of 25-Aug, TRF Ltd's stock price is currently at 230.80, reflecting a change of 0.8 (0.35%) upward. This slight increase in price can be attributed to several factors. Firstly, the stock has outperformed its sector today by 1.29%, indicating a relatively strong performance compared to its peers. Additionally, there has been a notable rise in investor participation, with a delivery volume of 7.9k on 24 August, which is an increase of 18.95% compared to the 5-day average delivery volume. This suggests growing interest among investors, which can positively influence the stock price.<BR><BR>However, it is important to note that TRF Ltd has experienced significant declines over longer periods, with a year-to-date drop of 22.54% and a one-year decline of 28.62%. Despite the current rise, these longer-term trends indicate that the stock has been underperforming compared to the Sensex, which has only declined by 8.88% year-to-date. The stock's moving averages show that while it is currently above the 5-day and 20-day averages, it remains below the 50-day, 100-day, and 200-day moving averages, which could suggest that the upward movement may not be strong enough to indicate a reversal in the longer-term trend.<BR><BR>In summary, the current rise in TRF Ltd's stock price is supported by improved sector performance and increased investor participation, but it is essential to consider the broader context of its recent underperformance.

Which are the latest news on TRF?

Should I buy, sell or hold TRF Ltd?

Who are in the management team of TRF?

The management team of TRF includes Umesh Kumar Singh (Managing Director), Avneesh Gupta (Chairman), Sanjib Nanda (Non-Executive Director), and several Independent Directors: Ranaveer Sinha, Ramya Hariharan, Krishnava Satyaki Dutt, and Ansuman Das, along with Prasun Banerjee (Company Secretary & Compliance Officer).

The management team of TRF includes the following individuals:<BR><BR>1. **Umesh Kumar Singh** - Managing Director<BR>2. **Avneesh Gupta** - Chairman (Non-Executive)<BR>3. **Sanjib Nanda** - Non-Executive Director<BR>4. **Ranaveer Sinha** - Independent Director<BR>5. **Ramya Hariharan** - Independent Director<BR>6. **Krishnava Satyaki Dutt** - Independent Director<BR>7. **Ansuman Das** - Independent Director<BR>8. **Prasun Banerjee** - Company Secretary & Compliance Officer<BR><BR>If you need more details about their roles or contributions, feel free to ask!

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 253 Cr and reported net sales of 26 Cr and net profit of 2 Cr for June 2026. The company has a P/E ratio of 48.00 and a return on equity of 8.20%.

Overview:<BR>TRF Ltd is a micro-cap company in the industrial manufacturing sector that specializes in 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 June 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 26 Cr (Quarterly Results - Jun 2026) <BR>Net Profit: 2 Cr (Quarterly Results - Jun 2026) <BR>Market Cap: INR 253 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 48.00 <BR>Industry P/E: 36 <BR>Dividend Yield: 0.00% <BR>Debt Equity: -1.29 <BR>Return on Equity: 8.20% <BR>Price to Book: 3.03 <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

Who are the peers of the TRF?

TRF's peers include Prec. Electronic, Josts Engg. Co., Cosmo Ferrites, Birla Precision, Jasch Gauging, Innovators, Affordable Robo., Revathi Equip, Active Infra., and Visaman Global. Management risk varies from excellent to below average among peers, with Cosmo Ferrites showing the highest 1-year return at 39.03% and Innovators the lowest at -39.95%, while TRF's return is -25.64%.

Peers: The peers of TRF are Prec. Electronic, Josts Engg. Co., Cosmo Ferrites, Birla Precision, Jasch Gauging, Innovators, Affordable Robo., Revathi Equip, Active Infra., and Visaman Global.<BR><BR>Quality Snapshot: Excellent management risk is observed at Jasch Gauging, while Good management risk is found at TRF, Josts Engg. Co., and Affordable Robo. Average management risk is present at Prec. Electronic, Birla Precision, and Active Infra., while Below Average management risk is noted at Cosmo Ferrites, Innovators, Revathi Equip, and Visaman Global. Growth is Excellent at Innovators, Average at TRF, Josts Engg. Co., and Affordable Robo., Below Average at Prec. Electronic, Cosmo Ferrites, Birla Precision, Jasch Gauging, Revathi Equip, and Active Infra., and the rest have Below Average growth. Capital Structure is Excellent at Jasch Gauging, Good at TRF, Josts Engg. Co., Birla Precision, Revathi Equip, and Active Infra., and Below Average at Prec. Electronic, Cosmo Ferrites, Innovators, and Affordable Robo.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Cosmo Ferrites at 39.03%, while the peer with the lowest is Innovators at -39.95%. TRF's own 1-year return is -25.64%, which is better than Innovators but worse than Cosmo Ferrites. Additionally, the six-month return is negative for Prec. Electronic, Josts Engg. Co., Innovators, and Affordable Robo.

How big is TRF?

As of 14th August, TRF Ltd has a market capitalization of 254.81 Cr, classified as a Micro Cap, with recent net sales of 87.65 Cr and a net loss of 6.10 Cr over the last four quarters.

As of 14th August, <BR><BR>Market Cap: TRF Ltd has a market capitalization of 254.81 Cr, classified as a Micro Cap.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 87.65 Cr, while the sum of Net Profit for the same period shows a loss of 6.10 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2026, with Shareholder's Funds amounting to 84.37 Cr and Total Assets totaling 348.78 Cr.

Are TRF Ltd latest results good or bad?

TRF Ltd's latest results are mixed but lean negative, with a 34.24% revenue growth to ₹26.03 crores, the highest in seven quarters, yet a significant 46.44% decline in net profit to ₹1.88 crores and a drop in operating margin to 5.11%. Investors should be cautious due to these profitability challenges despite the revenue increase.

TRF Ltd's latest results present a mixed picture, leaning towards the negative. On one hand, the company achieved a notable revenue growth of 34.24% quarter-on-quarter, reaching ₹26.03 crores, which is the highest quarterly revenue in seven quarters. However, this growth has not translated into profitability, as the net profit for the quarter was ₹1.88 crores, reflecting a significant decline of 46.44% year-on-year.<BR><BR>Moreover, the operating margin has also suffered, dropping to 5.11% from 13.66% a year earlier, indicating serious operational challenges. The increase in interest costs to ₹4.55 crores, the highest in seven quarters, further exacerbates the situation, putting additional pressure on profitability.<BR><BR>Overall, while TRF Ltd shows some positive signs in revenue growth, the severe margin compression, reliance on non-operating income, and declining net profit suggest that the results are more concerning than encouraging. Investors may need to be cautious given these underlying issues.

When is the next results date for TRF Ltd?

The next results date for TRF Ltd is 12 May 2026.

The next results date for TRF Ltd is scheduled for 12 May 2026.

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.

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.

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.

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.

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.