TRF

Why is TRF Ltd falling/rising?

As of 11-Jun, TRF Ltd's stock price is declining, currently at Rs 220.65, reflecting a broader trend of consecutive losses and significant underperformance compared to the market. The stock has fallen 18.80% over the past month and is trading close to its 52-week low, indicating weak investor interest and a bearish trend.

As of 11-Jun, TRF Ltd's stock price is falling, currently at Rs 220.65, which reflects a decrease of Rs 1.4 or 0.63%. This decline is part of a broader trend, as the stock has experienced consecutive losses over the past two days, resulting in a total drop of 2.87% during this period. <BR><BR>In terms of performance relative to the market, TRF Ltd has underperformed significantly over various time frames. For instance, the stock has fallen 18.80% over the past month and 25.94% year-to-date, compared to the Sensex, which has decreased only 2.87% and 13.36% respectively in the same periods. Additionally, the stock is currently trading close to its 52-week low, just 3.48% above Rs 212.15.<BR><BR>The trading activity also indicates a lack of investor interest, as the delivery volume has decreased by 9.92% compared to the 5-day average, suggesting that fewer investors are willing to hold the stock. Furthermore, TRF Ltd is trading below its moving averages across multiple time frames, which typically signals a bearish trend. <BR><BR>Overall, the combination of consecutive price declines, poor relative performance against the benchmark, and reduced investor participation contributes to the falling stock price of TRF Ltd.

What does TRF do?

TRF Ltd is a micro-cap industrial manufacturing company specializing in turnkey material handling projects for infrastructure and industrial sectors. As of March 2026, it reported net sales of 19 Cr and a net loss of 7 Cr, with a market cap of INR 249 Cr.

Overview:<BR>TRF Ltd is a micro-cap company in the industrial manufacturing sector that undertakes turnkey projects for material handling in both the 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 the period ending March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 19 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: -7 Cr (Quarterly Results - Mar 2026)<BR>- Market Cap: INR 249 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 35.00<BR>- Industry P/E: 35<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -1.29<BR>- Return on Equity: 8.20%<BR>- Price to Book: 2.99<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

Which are the latest news on TRF?

How big is TRF?

As of 10th June, TRF Ltd has a market capitalization of 249.00 Cr and reported net sales of 85.04 Cr with a net loss of 4.47 Cr over the latest four quarters.

As of 10th June, TRF Ltd has a market capitalization of 249.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, TRF Ltd reported net sales of 85.04 Cr. However, the company experienced a net loss of 4.47 Cr during the same period.<BR><BR>The latest annual reporting period for TRF Ltd is March 2025. At that time, the company had shareholder's funds amounting to 83.47 Cr and total assets of 339.32 Cr.

Who are in the management team of TRF?

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

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>If you need more specific information about any of these individuals or their roles, feel free to ask!

Who are the peers of the TRF?

TRF's peers include Innovators, Birla Precision, Tulive Developer, Cosmo Ferrites, Jasch Gauging, D & H India, Apex Ecotech, Taurian MPS, and Aaron Industries. In terms of management risk and growth, Taurian MPS and Apex Ecotech excel, while TRF shows below-average growth and the lowest 1-year return at -43.79%.

Peers: The peers of TRF are Innovators, Birla Precision, Tulive Developer, Cosmo Ferrites, Jasch Gauging, D & H India, Apex Ecotech, Taurian MPS, and Aaron Industries.<BR><BR>Quality Snapshot: Excellent management risk is observed at Taurian MPS and Apex Ecotech, while Good management risk is found at TRF, Jasch Gauging, and Aaron Industries. Average management risk is noted for Birla Precision and D & H India, while Below Average management risk is seen at Innovators and Cosmo Ferrites. Tulive Developer does not qualify for management risk assessment. For Growth, Excellent growth is seen at Taurian MPS and Apex Ecotech, while Good growth is noted at Aaron Industries. Below Average growth is observed at TRF, Jasch Gauging, and Birla Precision, and the rest have varying qualifications. Capital Structure shows Excellent ratings at Jasch Gauging and Apex Ecotech, Good at TRF and Birla Precision, Average at Aaron Industries, and Below Average at Innovators, Cosmo Ferrites, and D & H India, with Tulive Developer not qualifying.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Tulive Developer at 25.33%, while the lowest is TRF at -43.79%, indicating that TRF's return is significantly lower than that of Tulive Developer. Additionally, peers such as TRF, Cosmo Ferrites, and Jasch Gauging have negative six-month returns.

Are TRF Ltd latest results good or bad?

TRF Ltd's latest results are concerning, reporting a net profit of ₹-6.91 crores, a significant decline in revenue, and a negative operating margin of -32.18%. These factors indicate severe operational challenges and a lack of investor confidence, classifying the results as poor.

The latest results for TRF Ltd are concerning and can be classified as bad. In Q4 FY26, the company reported a net profit of ₹-6.91 crores, which reflects a dramatic decline of 220.38% quarter-on-quarter and 296.31% year-on-year. This marks a significant operational collapse, as the operating margin turned deeply negative at -32.18%, the lowest in recent quarters.<BR><BR>Revenue also fell to ₹19.39 crores, down 2.51% from the previous quarter and down 28.48% compared to the same quarter last year. This represents the lowest quarterly revenue in the company's recent history, indicating serious execution challenges in its project pipeline.<BR><BR>The financial metrics reveal a troubling trend, with high employee costs consuming 75.56% of net sales, suggesting operational inefficiencies. Additionally, the company's interest coverage ratio has deteriorated, raising concerns about its ability to service debt obligations.<BR><BR>Overall, the results indicate severe operational challenges and a lack of investor confidence, as evidenced by a 37.62% decline in stock price over the past year. Given these factors, TRF Ltd's latest performance is indeed poor, and the outlook appears bleak without significant improvements in operational execution and financial stability.

Should I buy, sell or hold TRF Ltd?

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.