TRF LIMITED (TRF) financials

TRF LIMITED (TRF) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 1962, TRF Ltd undertakes turnkey projects of material handling for tinfrastructure sector and is engaged in production of such material handling equipments along with provding services relating to design and engineering, super vision, etc.[1]

Market Cap: ₹242Cr.
Current Price: ₹220
Stock P/E: 57.6
ROE: %
ROCE: 9.78%
Book Value: ₹81.2
Dividend Yield: 0.00%
52W High / Low: ₹350/181

In Sep 2026, TRF LIMITED (TRF) reported sales ₹35.96 Cr and net profit ₹3.48 Cr.

Annual TTM: sales ₹101 Cr, net profit ₹10 Cr.

Shareholding: Promoters 34.12% (Jun 2026), FIIs 0.30% (Jun 2026), DIIs 0.02% (Jun 2026), Government 0.01% (Jun 2026), Public 65.53% (Jun 2026).

TRF quarterly results (₹ Cr.)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	23.31	27.11	23.42	22.34	19.89	19.39	26.03	35.96
Expenses	11.82	22.03	19.56	16.40	13.05	25.13	24.44	31.11
Operating Profit	11.49	5.08	3.86	5.94	6.84	-5.74	1.59	4.85
OPM %	49.29%	18.74%	16.48%	26.59%	34.39%	-29.60%	6.11%	13.49%
Other Income	3.17	5.71	3.00	-7.74	9.45	4.22	4.92	3.96
Interest	3.60	3.23	2.81	4.16	3.82	4.01	4.55	4.52
Depreciation	0.65	0.67	0.66	0.71	0.78	0.77	0.80	0.81
Profit before tax	10.41	6.89	3.39	-6.67	11.69	-6.30	1.16	3.48
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Profit	10.41	6.89	3.39	-6.67	11.69	-6.30	1.16	3.48
EPS in Rs	9.46	6.26	3.08	-6.06	10.62	-5.72	1.05	3.16
Raw PDF	—	—	—	—	—	—	—	—

TRF profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	185	114	127	177	140	121	85	101
Expenses	285	147	130	118	105	91	74	94
Operating Profit	-100	-33	-3	59	35	30	11	8
OPM %	-54%	-29%	-2.4%	33%	25%	24%	13%	7%
Other Income	8	5	16	49	28	15	9	23
Interest	37	38	31	25	14	14	15	17
Depreciation	3	3	2	2	2	3	3	3
Profit before tax	-133	-68	-20	81	47	28	2	10
Tax %	0%	0%	0%	-8%	0%	0%	0%	—
Net Profit	-133	-68	-20	88	47	28	2	10
EPS in Rs	-120.53	-61.76	-18.49	79.75	42.35	25.11	1.92	9.11
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	—

TRF balance sheet (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
Equity Capital	11	11	11	11	11	11	11	11
Reserves	-438	-504	-527	-415	-395	-368	-349	78
Borrowings	531	494	523	507	542	554	552	138
Other Liabilities	412	386	298	168	148	134	134	122
Total Liabilities	515	387	305	272	306	331	349	349
Fixed Assets	23	20	18	17	19	21	26	26
CWIP	0	0	0	0	0	1	2	2
Investments	92	61	56	117	128	82	233	213
Other Assets	401	306	231	137	158	227	88	107
Total Assets	515	387	305	272	306	331	349	349

TRF cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-123	-59	29	3	70	8	95	9
Cash from Investing Activity	135	-0	34	-3	-57	-3	-94	-10
Cash from Financing Activity	-4	64	-82	-1	-12	-1	-1	-1
Net Cash Flow	9	5	-18	-1	2	4	0	-2
Free Cash Flow	-123	-59	29	3	69	3	91	0
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	147%	56%	-81%	-197%	93%	22%	330%	38%

TRF shareholding pattern (%)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	34.12%	34.12%	34.12%	34.12%	34.12%	34.12%	34.12%	34.12%
FIIs	0.41%	0.46%	0.47%	0.67%	0.50%	0.49%	0.49%	0.30%
DIIs	0.02%	0.02%	0.02%	0.02%	0.02%	0.03%	0.02%	0.02%
Government	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Public	65.44%	65.38%	65.38%	65.17%	65.36%	65.35%	65.36%	65.53%
No. of Shareholders	25,751	26,409	26,544	26,399	26,630	26,398	25,765	25,509

TRF key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	457	433	616	400	130	258	93	107
Inventory Days	266	434	554	245	229	130	—	658
Days Payable	1,012	1,569	2,396	1,473	1,378	1,050	—	1,973
Cash Conversion Cycle	-289	-701	-1,227	-828	-1,020	-662	93	-1,208
Working Capital Days	-370	-658	-1,081	-926	-85	-62	-175	-239
ROCE %	-50%	-77%	-60%	362%	186%	36%	20%	10%

TRFUpdated 16 Oct 2026, 3:25

Trf Limited

TRFUpdated 16 Oct 2026, 3:25

Market Cap

₹242Cr.

Current Price

₹220

High / Low

₹350/181

Stock P/E

57.6

ROE%

ROCE9.78%

Book Value₹81.2

Face Value₹10.0

Dividend Yield0.00%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Net Profit	EPS (₹)
Sep 2023	39.27	2.97	30.16	10.91	0.57	16.48	16.48	14.98
Dec 2023	28.77	3.09	16.66	10.39	0.55	18.86	18.86	17.14
Mar 2024	38	4.5	33.88	5.12	0.62	4.12	4.12	3.74
Jun 2024	37.62	3.47	32.54	2.95	0.57	3.99	3.99	3.63
Sep 2024	32.7	3.75	24.82	2.84	0.63	6.34	6.34	5.76
Dec 2024	23.31	3.6	11.82	3.17	0.65	10.41	10.41	9.46
Mar 2025	27.11	3.23	22.03	5.71	0.67	6.89	6.89	6.26
Jun 2025	23.42	2.81	19.56	3	0.66	3.39	3.39	3.08
Sep 2025	22.34	4.16	16.4	-7.74	0.71	-6.67	-6.67	-6.06
Dec 2025	19.89	3.82	13.05	9.45	0.78	11.69	11.69	10.62
Mar 2026	19.39	4.01	25.13	4.22	0.77	-6.3	-6.3	-5.72
Jun 2026	26.03	4.55	24.44	4.92	0.8	1.16	1.16	1.05
Sep 2026	35.96	4.52	31.11	3.96	0.81	3.48	3.48	3.16

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	535	43	588	14	6	-87	0	-87	-79.38
Mar 2016	533	44	521	27	5	-10	0	-10	-9.03
Mar 2017	500	46	509	10	4	-49	-45	-27	-24.45
Mar 2018	345	47	492	32	4	-166	-12	-146	-132.66
Mar 2019	223	61	308	44	3	-106	0	-106	-95.93
Mar 2020	185	37	285	8	3	-133	0	-133	-120.53
Mar 2021	114	38	147	5	3	-68	0	-68	-61.76
Mar 2022	127	31	130	16	2	-20	0	-20	-18.49
Mar 2023	177	25	118	49	2	81	-8	88	79.75
Mar 2024	140	14	105	28	2	47	0	47	42.35
Mar 2025	121	14	91	15	3	28	0	28	25.11
Mar 2026	85	15	74	9	3	2	0	2	1.92
TTM	101	17	94	23	3	10	—	10	9.11

Shareholding pattern

As of Jun 2026%

Holder	Share
Promoters	34.12%
FIIs	0.3%
DIIs	0.02%
Government	0.01%
Public	65.53%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Government	Public
Sep 2023	34.12%	0%	0.02%	0.01%	65.85%
Dec 2023	34.12%	0%	0.02%	0.01%	65.85%
Mar 2024	34.12%	0.78%	0.02%	0.01%	65.07%
Jun 2024	34.12%	0.72%	0.02%	0.01%	65.13%
Sep 2024	34.12%	0.41%	0.02%	0.01%	65.44%
Dec 2024	34.12%	0.46%	0.02%	0.01%	65.38%
Mar 2025	34.12%	0.47%	0.02%	0.01%	65.38%
Jun 2025	34.12%	0.67%	0.02%	0.01%	65.17%
Sep 2025	34.12%	0.5%	0.02%	0.01%	65.36%
Dec 2025	34.12%	0.49%	0.03%	0.01%	65.35%
Mar 2026	34.12%	0.49%	0.02%	0.01%	65.36%
Jun 2026	34.12%	0.3%	0.02%	0.01%	65.53%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	11	-23	373	642	1003	38	0	185	780	1003
Mar 2016	11	-28	417	633	1033	34	0	185	813	1033
Mar 2017	11	-55	381	595	932	31	0	185	716	932
Mar 2018	11	-201	371	570	752	28	0	182	542	752
Mar 2019	11	-304	437	428	572	25	0	92	454	572
Mar 2020	11	-438	531	412	515	23	0	92	401	515
Mar 2021	11	-504	494	386	387	20	0	61	306	387
Mar 2022	11	-527	523	298	305	18	0	56	231	305
Mar 2023	11	-415	507	168	272	17	0	117	137	272
Mar 2024	11	-395	542	148	306	19	0	128	158	306
Mar 2025	11	-368	554	134	331	21	1	82	227	331
Mar 2026	11	-349	552	134	349	26	2	233	88	349
Sep 2026	11	78	138	122	349	26	2	213	107	349

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	15	18	-39	-6
Mar 2016	-24	29	1	6
Mar 2017	64	6	-78	-7
Mar 2018	23	30	-53	0
Mar 2019	-123	135	-4	9
Mar 2020	-59	0	64	5
Mar 2021	29	34	-82	-18
Mar 2022	3	-3	-1	-1
Mar 2023	70	-57	-12	2
Mar 2024	8	-3	-1	4
Mar 2025	95	-94	-1	0
Mar 2026	9	-10	-1	-2

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	349	369	327	369	457	433	616	400	130	258	93	107
Inventory Days	183	171	163	131	266	434	554	245	229	130	—	658
Days Payable	397	393	395	470	1,012	1,569	2,396	1,473	1,378	1,050	—	1,973
Cash Conversion Cycle	135	147	96	31	-289	-701	-1,227	-828	-1,020	-662	93	-1,208
Working Capital Days	-45	-73	-166	-417	-370	-658	-1,081	-926	-85	-62	-175	-239
ROCE %	-12%	9%	-1%	-56%	-50%	-77%	-60%	362%	186%	36%	20%	10%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of TRF LIMITED (TRF)?

The reported market capitalisation for TRF LIMITED (TRF) is ₹242Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of TRF?

The current price shown for TRF LIMITED (TRF) on Fincrux is ₹220 with a 52-week high/low of ₹350/181.

What is the P/E ratio of TRF LIMITED (TRF)?

The stock P/E for TRF LIMITED (TRF) is 57.6 on Fincrux, with ROE at % and ROCE at 9.78%.

What were TRF latest quarterly results?

For Sep 2026, TRF LIMITED (TRF) reported sales ₹35.96 Cr and net profit ₹3.48 Cr (figures in ₹ crore unless noted).

What are TRF annual sales and net profit?

For TTM, TRF LIMITED (TRF) shows sales of ₹101 Cr and net profit of ₹10 Cr on the Fincrux profit & loss statement.

Who owns TRF LIMITED (TRF)?

Latest shareholding for TRF LIMITED (TRF) on Fincrux: Promoters 34.12% (Jun 2026), FIIs 0.30% (Jun 2026), DIIs 0.02% (Jun 2026), Government 0.01% (Jun 2026), Public 65.53% (Jun 2026).

Where can I find TRF LIMITED (TRF) financials?

TRF LIMITED (TRF) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show TRF balance sheet and cash flow?

Yes. The TRF LIMITED (TRF) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 16 October 2026 at 3:25