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TRF Ltd.

Capital GoodsEngineering - Industrial Equipments

www.trf.co.in BSE: 505854NSE: TRF

₹211.25BSE3.14%

16 Sep, 4:01 PM

₹211.25

₹234 Cr

0.00

-0.66

0.00%

₹221.05

₹210.10

₹409.90

₹210.10

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Price Performance

Peer Comparison

Name
BHEL BHEL	410.00	58.69	1,42,764.60	0.34	376.71	182.70%	7,697.72	40.29%	9.24
INDOMIM INDOMIM	945.85	87.66	46,770.48	0.62	240.12	31.64%	1,218.74	9.39%	24.48
THERMAX THERMAX	3,526.00	71.06	42,014.51	0.57	21.79	-85.61%	2,302.73	6.73%	15.85
JYOTICNC JYOTICNC	967.05	68.36	21,992.95	0.00	57.14	-19.99%	508.47	23.97%	21.34
INOXINDIA INOXINDIA	1,980.00	70.64	18,002.65	0.10	58.07	-4.98%	370.79	9.18%	33.54
TRIVENITURB TRITURBINE	540.90	51.11	17,195.13	0.79	51.10	-20.65%	442.70	19.23%	35.95
AZAD AZAD	2,578.80	119.83	16,654.34	0.00	35.16	19.46%	172.60	25.90%	12.04
TRF Ltd. TRF	211.25	0.00	233.95	0.00	1.88	-46.49%	26.03	11.17%	5.02

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Sep 2022	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	53.61	38.00	37.62	32.70	23.31	27.11	23.42	22.34	19.89	19.39	26.03
Expenses	24.04	32.70	32.47	25.94	11.80	21.08	20.22	17.27	13.20	25.63	24.70
	29.56	5.31	5.15	6.76	11.51	6.03	3.20	5.07	6.69	-6.24	1.33
	55.15%	13.97%	13.70%	20.68%	49.37%	22.26%	13.65%	22.70%	33.66%	-32.21%	5.12%
	24.76	6.11	3.87	3.64	4.01	6.53	3.78	-6.96	3.66	4.06	5.90
Interest	5.90	4.50	3.47	3.75	3.60	3.23	2.81	4.16	3.83	4.01	4.56
	0.53	0.62	0.57	0.63	0.65	0.67	0.66	0.71	0.78	0.77	0.80
	47.90	6.30	4.99	6.02	11.27	8.66	3.51	-6.76	5.74	-6.96	1.88
	0.00%	0.03%	0.00%	0.00%	0.00%	59.38%	0.00%	-0.75%	0.02%	0.80%	0.00%
	53.35	6.30	4.99	6.02	11.27	3.52	3.51	-6.81	5.74	-6.91	1.88
	48.48	5.72	4.53	5.47	10.24	3.20	3.19	-6.19	5.22	-6.28	1.70

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	127.14	177.10	139.96	120.73	85.03
	127.14	177.10	139.96	120.73	85.03
EXPENDITURE :
Increase/Decrease in Stock	17.47	5.96	-0.13	0.22	-3.12
Raw Material Consumed	14.01	10.63	15.97	3.80	9.34
Power & Fuel Cost	0.24	1.73	1.39	1.42	1.69
Employee Cost	35.66	60.74	62.24	61.02	57.38
Other Manufacturing Expenses	27.17	20.34	18.03	12.98	9.70
General and Administration Expenses	10.73	11.34	11.88	9.66	9.73
Selling and Distribution Expenses	0.07	0.22	0.42	0.05	0.32
Miscellaneous Expenses	25.66	12.04	17.89	10.38	3.18
	131.01	123.00	127.69	99.54	88.22
Operating Profit (Excl OI)	-3.87	54.10	12.27	21.19	-3.19
	20.80	53.50	45.49	26.32	27.83
	16.93	107.61	57.76	47.51	24.64
Interest	30.62	24.75	13.86	14.06	14.82
PBDT	-13.69	82.86	43.90	33.45	9.82
	2.42	2.01	2.24	2.52	2.91
Profit Before Taxation & Exceptional Items	-16.11	80.84	41.67	30.93	6.91
Exceptional Income / Expenses					-11.39
	-16.11	80.84	41.67	30.93	-4.47
Provision for Tax	-0.01	-6.68	2.08	5.14	-0.00
	-16.09	87.52	39.58	25.79	-4.47
Extra items				0.00	0.00
Consolidated Net Profit	-23.04	88.58	34.60	25.79	-4.47
Profit Balance B/F	-679.01	-704.48	-616.58	-583.80	-557.81
Appropriations	-702.05	-615.90	-581.98	-558.01	-562.28
	-20.94	80.49	31.45	23.44	-4.06
Adjusted EPS	-20.94	80.49	31.45	23.44	-4.06

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	237.30	458.61	433.61	450.01	450.01
Total Reserves	-531.21	-436.63	-394.55	-366.54	-365.64
Reserve excluding Revaluation Reserve	-531.21	-436.63	-394.55	-366.54	-365.64
	-293.92	21.98	39.06	83.47	84.37
Secured Loans	46.04
Unsecured Loans	34.18	83.84	94.17	115.08	129.15
Deferred Tax Assets / Liabilities	-0.28
Other Long Term Liabilities	3.26	3.24	2.55	1.54	0.36
Long Term Provisions	18.94	18.49	19.66	18.37	25.69
Total Non-Current Liabilities	102.13	105.57	116.38	134.98	155.20
Trade Payables	150.85	67.86	45.57	37.63	33.62
Other Current Liabilities	137.58	69.74	58.62	52.62	48.48
Short Term Borrowings	237.97	22.98	25.00
Short Term Provisions	32.90	24.25	24.89	30.62	27.11
Total Current Liabilities	559.29	184.83	154.07	120.87	109.21
Total Liabilities	367.51	313.93	309.51	339.32	348.78
Gross Block	48.07	36.83	40.00	40.72	48.58
Less: Accumulated Depreciation	22.19	19.66	20.56	20.11	22.91
Net Block	25.88	17.17	19.44	20.61	25.68
Capital Work in Progress	0.41			0.94	2.30
Non Current Investments	0.74	0.80
Long Term Investment	0.74	0.80
Long Term Loans & Advances	52.72	26.91	21.83	19.99	15.05
Other Non Current Assets	0.25	0.21	0.00	27.88	13.95
Total Non-Current Assets	79.99	45.10	41.28	69.42	56.97
Currents Investments		60.88	65.56	19.86	226.12
Inventories	55.73	26.46	5.62	4.49	11.21
Sundry Debtors	160.73	74.37	99.06	30.80	25.03
Cash and Bank	22.97	22.67	72.21	192.06	12.33
Other Current Assets	43.02	40.04	1.70	4.23	1.02
Short Term Loans and Advances	5.07	32.46	24.08	18.45	15.77
Total Current Assets	287.52	256.89	268.23	269.89	291.48
Net Current Assets (Including Current Investments)	-271.77	72.06	114.16	149.03	182.27
Total Assets	367.51	313.93	309.51	339.32	348.78
Contingent Liabilities	132.85	107.04	59.64	54.88	59.32
Total Debt	329.12	106.83	119.17	115.08	129.15
	-472.73	-386.78	-348.54	-323.08	-322.26
Adjusted Book Value	-472.73	-386.78	-348.54	-323.08	-322.26

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	-22.84	84.89	40.16	30.93	-4.47
Adjustment	34.53	-5.68	-2.11	-4.14	-9.13
Changes In working Capital	-45.87	-7.72	1.92	69.57	14.59
Cash Flow after changes in Working Capital	-34.18	71.48	39.96	96.36	0.99
Cash Flow from Operating Activities	-37.68	83.10	33.90	93.56	-0.07
Cash Flow from Investing Activities	5.83	-52.17	15.63	-112.98	-45.06
Cash Flow from Financing Activitie	8.93	-30.31	0.49	-0.62	-0.61
Net Cash Inflow / Outflow	-22.92	0.62	50.03	-20.04	-45.74
Opening Cash & Cash Equivalents	42.41	20.00	22.66	71.86	53.96
Cash & Cash Equivalent of Subsidiaries under liquidations			-0.88
Effect of Foreign Exchange Fluctuations	0.50	2.05	0.06	2.13	3.71
Closing Cash & Cash Equivalent	20.00	22.66	71.86	53.96	11.93

Ratios

Valuation

-0.66

14.09

2.67

-5.54

-320.56

Profitability

0.00

5.02

-1.30

-3.75

-5.26

Leverage & Liquidity

1.53

2.67

0.70

Returns

0.00

0.25

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	34.12	34.12	34.12	34.12	34.12	34.12	34.12	34.12	34.12
	0.75	0.44	0.50	0.50	0.70	0.52	0.53	0.52	0.33
	65.13	65.43	65.38	65.37	65.17	65.35	65.34	65.35	65.54
	65.88	65.88	65.88	65.88	65.88	65.88	65.88	65.88	65.88
No. of Shareholders	25,413	25,751	26,409	26,544	26,399	26,630	26,398	25,765	25,509

Corporate Actions

Showing: All

Date	Type	Details
2026-07-10	Board Meeting	Quarterly Results
2026-07-03	AGM
2026-05-07	Board Meeting	Quarterly Results & Audited Results

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

Capital GoodsEngineering - Industrial Equipments

TRF Ltd. operates in the Capital Goods sector under the Engineering - Industrial Equipments industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

9 members across the board and senior leadership

Avishek Ghosh

Company Secretary & Compliance Officer

—

Samita Shah

Chairperson

—

Ramya Hariharan

Non Executive Independent Director

₹6.30 L

Mar '26

Krishnava Dutt

Non Executive Independent Director

₹5.75 L

Mar '26

Pingali Venugopal

Non Executive Independent Director

₹7.35 L

Mar '26

Sougata Ray

Non Executive Independent Director

₹6.20 L

Mar '26

Akshay Khullar

Non Independent & Non Executive Director

—

Sandeep Bhattacharya

Non Independent & Non Executive Director

—

Umesh Kumar Singh

Managing Director

₹1.84 Cr

Mar '26

TRF Latest News

News

5 of 5 articles

EQUITY16 Jul 2026 · 16:54

TRF informs about newspaper publication

EQUITY3 Jul 2026 · 17:54

TRF submits intimation of date of 63rd AGM

EQUITY28 May 2026 · 14:09

TRF informs about compliance report

EQUITY15 May 2026 · 11:41

TRF informs about notice of postal ballot

EQUITY12 May 2026 · 18:33

TRF reports Profit after tax of Rs -63.02 Mln, in the March 2026 quarter

TRF

₹211.25

-3.14%