StoxGud Sign in
40

TRF Limited

NSE: TRF · Unclassified

₹200.79-1.99%06 Nov 2026

Ask the data

Instant answers about TRF Limited — computed from its filings, no language model
Market cap₹221 cr
Current price₹200.79
High / Low₹330 / ₹192
P/E3.8
P/B2.47
Book value₹81.2
ROE64.7%
ROCE29.8%
Debt / equity1.53
Dividend yield—
EPS (TTM)₹52.60
Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin
showing latest 6 of 8 periods
FY19FY20FY21FY22FY23FY24FY25FY26
Revenue349.2186.4114.0127.1177.1140.0120.785.0
EBITDA-74.8-101.5-37.5-3.958.535.729.58.7
Operating margin-21.4%-54.4%-32.9%-3.0%33.0%25.5%24.4%10.3%
Interest63.437.438.030.624.813.914.114.8
Depreciation4.63.32.72.42.02.22.52.9
Profit before tax1,037.7-132.5-65.5-16.180.841.730.9-4.5
Tax1.40.00.0-0.0-6.72.15.10.0
Net profit971.20.0-93.1-23.088.642.128.00.0
EPS ₹-31.69-168.15-84.62-20.9480.4931.4523.44-4.06
Operating cash flow———-37.783.133.993.6-0.1
Capex———0.21.34.93.88.4
Dividend paid———0.00.00.00.00.0
Total assets————326.7309.5339.3348.8
Equity————22.039.183.584.4

Quarterly performance

last 32 quarters · ₹ crore
showing latest 8 of 32 periods
SEP '18DEC '18MAR '19JUN '19SEP '19DEC '19MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22SEP '22DEC '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26SEP '26
Revenue84.086.492.869.138.043.944.210.424.918.660.015.520.042.149.553.643.238.933.939.328.838.037.632.723.327.123.422.319.919.426.036.0
Operating profit-35.8-6.9-27.93.8-76.3-4.4-23.3-18.2-9.9-8.3-1.0-7.6-4.3-6.614.729.610.53.910.08.711.75.35.26.811.56.03.25.16.7-6.21.34.5
Operating margin-42.7%-8.0%-30.1%5.5%-200.8%-10.0%-52.7%-174.5%-39.7%-44.8%-1.7%-49.0%-21.7%-15.7%29.7%55.1%24.3%10.1%29.5%22.0%40.7%14.0%13.7%20.7%49.4%22.2%13.7%22.7%33.6%-32.2%5.1%12.4%
Other income1.60.48.70.60.51.96.71.81.01.00.60.10.10.220.424.83.28.71.411.72.86.13.93.64.06.53.84.33.74.15.94.2
Interest14.712.623.57.614.08.67.38.47.58.213.98.18.08.36.25.95.35.53.33.03.14.53.53.83.63.22.84.23.84.04.54.5
Depreciation1.21.11.10.90.90.80.80.70.70.70.70.70.60.60.50.50.50.50.50.60.60.60.60.60.70.70.70.70.80.80.80.8
Profit before tax-11.5-20.4-45.112.5-90.7-11.8-24.7-25.5-17.1-7.9-15.0-16.3-12.9-15.328.447.97.86.67.616.910.96.35.06.011.38.73.5-6.85.7-7.01.949.9
Tax0.70.6-0.10.20.00.00.00.00.00.0-0.00.00.00.0-0.00.00.0-6.70.00.02.10.00.00.00.05.10.00.10.0-0.10.00.0
Net profit-6.2-18.4-43.813.5-113.7-10.40.00.00.0-38.6-6.9-19.9-15.0-14.826.653.48.97.38.819.010.94.20.06.011.34.93.5-6.85.70.01.950.3
EPS ₹-5.62-16.70-39.7512.32-103.28-9.50-52.23-25.57-17.72-35.08-6.27-18.07-13.60-13.5024.2148.498.146.657.9616.661.105.734.535.4710.243.203.19-6.195.22-6.281.7145.30
Revenue YoY————-54.8%-49.2%-52.3%-84.9%-34.4%-57.7%35.6%48.6%-19.6%126.6%-17.5%167.7%2.6%-21.4%—-26.7%-33.4%-2.3%10.9%-16.7%-19.0%-28.7%-37.7%-31.7%-14.7%-28.5%11.1%60.9%
Profit YoY———————-100.0%—————————-72.6%—-64.4%22.2%-42.0%-100.0%-68.3%3.0%16.3%—-213.1%-49.1%-100.0%-46.4%—

Earlier results (standalone, Sep '07 – Jun '18)

₹ crore · from BSE, before the NSE XBRL filings begin

TRF Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

FY09†FY12†FY13†FY14†FY15†FY16†FY17†FY18†
Revenue533.1802.3646.6696.2547.3543.2519.8353.9
Operating profit83.652.5-42.9-16.9-52.514.8-9.5-147.5
Operating margin15.7%6.5%-6.6%-2.4%-9.6%2.7%-1.8%-41.7%
Other income7.73.89.311.511.326.89.95.4
Interest5.827.039.443.942.845.745.646.7
Depreciation1.94.35.04.86.24.84.23.7
Profit before tax70.325.0-78.1-24.4-87.3-4.7-49.3-165.6
Tax24.89.41.40.80.00.0-22.4-19.6
Net profit45.515.6-79.5-25.2-87.3-4.7-26.9-146.0

Quarters

showing latest 8 of 42 periods
SEP '07†DEC '07†MAR '08†JUN '08†SEP '08†DEC '08†MAR '09†JUN '09†SEP '09†DEC '09†JUN '10†SEP '10†DEC '10†JUN '11†SEP '11†DEC '11†MAR '12†JUN '12†SEP '12†DEC '12†MAR '13†JUN '13†SEP '13†DEC '13†MAR '14†JUN '14†SEP '14†DEC '14†MAR '15†JUN '15†SEP '15†DEC '15†MAR '16†JUN '16†SEP '16†DEC '16†MAR '17†JUN '17†SEP '17†DEC '17†MAR '18†JUN '18†
Revenue68.658.1169.759.791.0142.9239.5109.7133.3216.2144.8108.0149.4150.2121.7282.7247.7144.6139.2182.7180.1202.4140.5120.2233.1147.5105.2121.5173.075.1125.080.6262.5122.4105.8117.5174.1117.865.589.781.061.8
Operating profit10.09.222.86.513.926.037.212.214.838.210.4-26.323.010.07.414.120.9-1.1-11.111.5-42.210.9-12.9-16.81.9-5.10.9-4.6-43.7-11.020.4-8.213.75.7-1.2-11.7-2.4-2.3-48.0-17.1-80.2-1.4
Operating margin14.6%15.7%13.5%10.9%15.3%18.2%15.5%11.1%11.1%17.7%7.2%-24.4%15.4%6.7%6.1%5.0%8.5%-0.7%-8.0%6.3%-23.4%5.4%-9.2%-14.0%0.8%-3.5%0.9%-3.8%-25.3%-14.6%16.3%-10.2%5.2%4.7%-1.1%-9.9%-1.4%-1.9%-73.3%-19.0%-99.0%-2.3%
Other income0.60.22.50.84.90.11.90.31.50.14.02.80.50.61.80.11.40.90.70.77.01.90.36.92.30.30.20.210.61.21.18.915.61.11.30.37.21.20.92.01.30.4
Interest0.10.70.90.81.31.81.91.82.32.52.41.93.94.85.46.010.89.49.410.010.610.511.310.911.110.410.511.110.810.811.511.312.011.211.711.611.210.910.812.512.512.0
Depreciation0.40.30.40.40.50.50.50.60.60.70.80.91.00.91.01.11.21.21.11.21.41.31.21.21.21.41.42.01.31.21.21.21.11.01.01.01.11.10.80.90.90.9
Profit before tax10.28.224.16.017.010.536.710.113.335.111.3-26.318.74.82.87.010.4-10.8-20.91.0-47.31.0-25.1-22.021.6-13.8-10.8-17.5-45.2-14.04.9-11.816.2-5.3-12.6-23.9-7.5-13.1-58.7-28.4-65.3-13.9
Tax-6.42.78.72.26.03.812.83.64.512.13.8-3.81.31.60.72.24.90.00.00.01.40.00.00.00.80.00.00.00.00.00.2-0.20.0-10.90.00.0-11.50.0-19.60.00.00.0
Net profit16.65.515.43.911.16.723.96.58.822.97.5-22.617.43.22.14.85.5-10.8-20.91.0-48.71.0-25.1-22.020.8-13.8-10.8-17.5-45.2-14.04.7-11.616.25.6-12.6-23.94.0-13.1-39.1-28.4-65.3-13.9
EPS ₹30.1310.0428.027.0220.0912.2043.435.937.9920.846.84-20.5215.792.951.884.384.96-9.82-19.040.87-44.280.93-22.79-20.0118.94-12.59-9.79-15.90-41.10-12.704.28-10.5414.715.11-11.46-21.703.59-11.91-35.56-25.84-59.34-12.64
Revenue YoY————32.6%145.8%41.1%83.9%46.5%51.3%31.9%-18.9%-30.9%3.7%12.7%89.2%—-3.7%14.3%-35.4%-27.3%40.0%1.0%-34.2%29.4%-27.1%-25.1%1.1%-25.8%-49.1%18.8%-33.7%51.7%62.9%-15.4%45.9%-33.7%-3.7%-38.1%-23.7%-53.5%-47.6%
Profit YoY————-33.3%21.6%55.0%69.2%-20.5%241.7%15.3%-357.0%-24.2%-57.0%—-72.3%—-433.3%-1117.0%-80.1%-992.5%——-2393.8%—-1457.8%——-317.0%—————-367.7%—-75.6%-332.9%——-1753.2%—

Returns & margins

trailing-twelve-month, per quarter
showing latest 8 of 26 periods
JUN '19SEP '19DEC '19MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26SEP '26
ROE————————————356.6%90.0%94.1%109.9%87.5%30.3%30.7%26.6%30.8%15.2%8.7%2.9%1.0%64.7%
ROCE————————————85.0%40.6%41.2%35.1%33.5%24.1%24.5%22.7%21.6%14.7%12.2%4.8%4.9%29.8%
Net margin-16.5%-56.7%-63.3%-56.7%-90.9%-8.5%-39.3%-39.9%-54.9%-70.4%-41.1%-18.1%46.2%28.3%32.7%30.7%23.8%15.5%16.4%18.4%24.2%13.4%7.9%2.9%0.9%57.2%
EBITDA margin-20.1%-37.5%-43.0%-51.3%-89.5%-45.2%-60.9%-32.9%-22.6%-18.7%-14.2%-3.0%31.8%21.3%24.4%25.5%21.4%21.1%21.8%24.4%25.8%26.8%22.6%10.2%7.8%6.2%
Debt / equity————————————3.811.821.823.053.051.551.551.381.381.441.441.531.531.53
Interest coverage-0.11-1.49-1.52-2.06-2.99-1.49-1.40-0.72-0.49-0.36-0.550.474.493.283.834.013.782.902.873.203.202.211.790.700.633.99
Asset turnover————————————0.520.460.420.450.460.440.420.360.310.280.270.240.250.29

Balance sheet

equity vs borrowings over time · ₹ crore
showing latest 6 of 9 periods
SEP '22MAR '23SEP '23MAR '24SEP '24MAR '25SEP '25MAR '26SEP '26
Share capital11.011.011.011.011.011.011.011.011.0
Other equity / reserves-68.211.037.928.159.072.574.173.478.4
Total equity-57.222.048.939.170.083.585.184.489.4
Borrowings171.383.889.0119.2108.8115.1122.1129.2137.1
Current liabilities294.6162.9135.3154.1113.3120.9109.5109.297.4
Non-current liabilities87.2105.6107.9116.4131.6135.0148.0155.2162.1
Total assets374.9326.7336.9309.5315.0339.3342.6348.8348.9
Property, plant & equipment17.016.717.919.219.720.321.625.025.4
Capital work-in-progress—————0.93.12.32.2
Investments47.561.797.465.6135.119.920.5226.1213.3
Inventories17.710.46.15.62.44.52.611.214.8
Receivables112.7102.465.699.140.130.821.425.041.5
Cash & equivalents22.222.527.671.972.354.056.511.93.3

Cash flow

annual · ₹ crore · line = free cash flow
FY22FY23FY24FY25FY26
Cash from operations-37.783.133.993.6-0.1
Cash from investing5.8-52.215.6-113.0-45.1
Cash from financing8.9-30.30.5-0.6-0.6
Capex0.21.34.93.88.4
Free cash flow-37.981.829.089.8-8.5
Dividends paid0.00.00.00.00.0

Where the assets sit

Sep '26 · ₹ crore
Fixed assets (PPE)
₹25.4 cr7%
CWIP
₹2.2 cr1%
Investments
₹213.3 cr61%
Inventories
₹14.8 cr4%
Receivables
₹41.5 cr12%
Cash & equivalents
₹3.3 cr1%
Other assets
₹48.4 cr14%

Peer comparison

largest in Unclassified · this company in bold
CompanyMarket cap ₹crPriceP/EP/BROE
Avantel Limited36,86,04,549138.69—1059360.680.0%
Ducol Organics And Colours Limited19,55,275120.00—20089.130.0%
Jio Platforms Limited12,57,1811,406.40—3.57—
SBI Funds Management Limited1,01,750499.55———
Tamilnadu Telecommunication Limited91,3149.93———
Manipal Health Enterprises Limited76,294646.70———
INDO-MIM Limited59,0421,219.50———
AvenuesAI Limited45,138129.25153.69.516.2%
Dhoot Transmission Limited32,7611,601.60—8.11—
3M India Limited31,07127,570.0053.817.5732.7%
TRF Limited221200.793.82.4764.7%

StoxGud checklist: Neutral setup · 4/10

  • Price above 50-day average
  • Price above 200-day average
  • 50-day average above 200-day (uptrend)
  • RSI in healthy 40–70 zone
  • Positive 1-year return
  • Return on equity above 15%
  • Debt to equity below 1
  • Revenue growing year on year
  • Net profit margin above 10%
  • P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+1.4%
6 months-26.2%
1 year-39.4%
3Y CAGR-9.1%
5Y CAGR+9.0%
10Y CAGR-1.4%
50-day avg₹213.24
200-day avg₹238.51
RSI (14)28

FAQs

What is the share price of TRF Limited?

TRF Limited (TRF) closed at ₹200.79 on NSE on 06 Nov 2026.

What is the market cap of TRF Limited?

₹221 crore at the latest close.

What is the P/E ratio of TRF Limited?

3.8, on trailing-twelve-month earnings from its filings.

How fast is TRF Limited growing?

TRF Limited: revenue has compounded at -21.7% a year over three years. Latest-quarter revenue is up 60.9% year on year.

How profitable is TRF Limited?

On a trailing-twelve-month basis return on equity is 64.7%, return on capital employed 29.8%, operating margin 6.2%, net margin 57.2%.

How much debt does TRF Limited have?

TRF Limited is highly geared: debt to equity is 1.53 with borrowings of ₹137 cr against cash of ₹3 cr (balance sheet of 2026-09-30). Operating profit covers interest 4.0 times.

Financials parsed from TRF Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '18, annual from FY19, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.