TRF
- Market cap
- ₹ 217 Cr.
- P/E
- 52.9x
- 52-week range
- 190 – 346.6
- ROCE
- 9%
- Dividend yield
- 0%
- Debt / equity
- 1.54
- Sector
- Industrial Manufacturing
- Industry
- Industrial Products
- Listed on
- NSE, BSE
About
TRF Limited is an India-based company, which is primarily engaged in the business of undertaking turnkey projects of material handling for the infrastructure sector such as power & ports and industrial sector such as steel plants, cement, fertilizers and mining. The Company is engaged in production of such material handling equipments at its manufacturing facility at Jamshedpur. The Company's segments include Projects & Services and Products & Services. Its projects include Indian projects and overseas projects. Its Indian projects include APGENCO - Vijaywada, and BHEL, NMDC’s - Nagarnar. It also provides services relating to design and engineering, supervision, and others. It is engaged in leasing of facilities and rendering professional services by deployment of manpower, in the area of project & construction, design & engineering, manufacturing, and other technical service. It manufactures various equipments, including hydraulic cone crushers and icon roller screens.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Industrial Products: 186 companies →TRF against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)52.9 against a typical 30.9: pricier than most peers (1st = cheapest).133rd of 184
- Sales growth+63.6% against a typical +20.3% from a year earlier.30th of 147
- Share price, 3 months−13.1% against a typical −3.8%.117th of 164
- Size₹ 217.1 Cr. market value against a typical ₹ 305.2 Cr. (1st = largest).95th of 176
Latest announcements
Exchange filings and their impact on the company.
- TRF approved Q2 FY27 results with no extractable surprise.
TRF Limited's board on October 13, 2026 approved the audited standalone and unaudited consolidated financial results for the quarter and half-year ended September 30, 2026, along with the auditors' report. The extracted filing text does not include the actual sales, profit or margin numbers. With no quantifiable surprise available, no directional business impact can be estimated for the next 12 months.
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 13 Oct 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2026 and other business matters |
| 16 Jul 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 12 May 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2026 and other business matters |
| 29 Jan 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 28 Oct 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2025 and other business matters |
| 28 Jul 2025 | Financial Results/Other business matters | To consider and take on record the unaudited Standalone and Consolidated financial results of the Company for the quarter ended June 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 29 | 38 | 38 | 33 | 23 | 27 | 23 | 22 | 20 | 19 | 26 | 36 |
| Expenses | 17 | 33 | 32 | 26 | 12 | 21 | 20 | 17 | 13 | 26 | 25 | 31 |
| Operating Profit | 12 | 5 | 5 | 7 | 12 | 6 | 3 | 5 | 7 | −6 | 1 | 4 |
| OPM % | 41% | 14% | 14% | 21% | 49% | 23% | 14% | 23% | 34% | −32% | 5% | 12% |
| Other Income | −5 | 6 | 4 | 4 | 4 | 7 | 4 | −7 | 4 | 4 | 6 | 51 |
| Interest | 3 | 4 | 3 | 4 | 4 | 3 | 3 | 4 | 4 | 4 | 5 | 5 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 3 | 6 | 5 | 6 | 11 | 9 | 4 | −7 | 6 | −7 | 2 | 50 |
| Tax % | 63% | 0% | 0% | 0% | 0% | 59% | 0% | 1% | 0% | −1% | 0% | 0% |
| Net Profit | 1 | 6 | 5 | 6 | 11 | 4 | 4 | −7 | 6 | −7 | 2 | 50 |
| EPS in Rs | 1.1 | 5.72 | 4.53 | 5.47 | 10.24 | 3.2 | 3.19 | −6.19 | 5.22 | −6.28 | 1.71 | 45.3 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- −22%
- 5 Years
- −6%
- 3 Years
- −22%
- TTM
- 5%
- 10 Years
- 8%
- 5 Years
- 15%
- 3 Years
- −62%
- TTM
- −81%
- 10 Years
- −2%
- 5 Years
- 11%
- 3 Years
- −2%
- TTM
- —
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| TRF | ₹ 200.54 | ₹ 217 Cr. | 52.9x | — | — | — |
| Bharat Heavy Electricals | ₹ 387.00 | ₹ 1,34,756 Cr. | 92.4x | 5.6x | — | 6.8% |
| Suzlon Energy | ₹ 37.40 | ₹ 51,409 Cr. | 22.8x | 7.5x | 40.6% | 19% |
| Thermax | ₹ 3,095.60 | ₹ 36,999 Cr. | 73.4x | 10x | 13.7% | 6.7% |
| Voltas | ₹ 950.00 | ₹ 31,434 Cr. | 112.5x | 7x | 5.8% | 3.5% |
| AIA Engineering | ₹ 3,588.70 | ₹ 33,490 Cr. | 34.1x | 5.4x | 17% | 28.7% |
Management
- Animesh Upadhyay
- Chief Financial Officer
- Avishek Ghosh
- Compliance Officer, Company Secretary
- Umesh Kumar Singh
- Managing Director, Additional Director
- Sudhir Laxmikant Deoras
- Executive Director
- Ashish Banerjee
- Chief - Engineering
- Hemant C. Kharkar
- Chief Operating Officer - CS
- Ranjit Sanyal
- Chief - Projects
- P. K. Tibdewal
- Chief Operating Officer - BMHB
Prices are delayed and for information only. Nothing on this page is investment advice.