TRF Ltd

BSE: TRF505854ISIN INE391D01019

Industrials
Industrial Products
BSE Industrials

Share price

₹198.80+0.05 (+0.03%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹331.50
52W low: ₹181.10
Off 52W high: -40.03%
1M return: +3.06%
3M return: -13.09%
6M return: -28.21%
1Y return: -39.77%
20D avg volume: 2,695
50 DMA: ₹214.93
200 DMA: ₹240.10

Key ratios Consolidated

Market cap: ₹218.78 Cr
Current price: ₹198.80
52W high / low: ₹331.50 / ₹181.10
Face value: ₹10.00
P/E: 4.33
P/B: 2.45
EPS (TTM): ₹45.94
Book value / share: ₹81.24
ROE: —
ROCE: 4.30%
Operating margin: —
Net margin: —
Debt / equity: 1.53
Net debt: ₹117.22 Cr
Interest cover: 0.70
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 11.2 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	35.95	26.03	19.39	19.89	22.34	23.42	27.11	23.31	32.70	37.62	—
	4.19	5.89	4.06	3.73	4.35	3.78	6.53	4.01	3.64	3.87	—
	40.15	31.93	23.45	23.62	26.69	27.20	33.64	27.32	36.34	41.49	—
	36.81	30.05	30.41	17.80	22.14	23.69	24.98	16.05	30.31	36.51	—
	10.43	6.64	5.40	2.13	1.15	0.67	2.11	1.05	1.45	1.30	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	12.58	12.91	14.65	14.75	13.37	14.61	13.97	15.97	16.11	14.97	—
	4.52	4.55	4.01	3.83	4.16	2.81	3.23	3.60	3.75	3.47	—
	0.81	0.80	0.77	0.78	0.71	0.66	0.67	0.65	0.63	0.57	—
	6.99	7.82	9.92	-2.72	2.18	3.33	5.69	1.82	7.00	13.08	—
	3.33	1.88	-6.96	5.82	4.55	3.51	8.66	11.27	6.02	4.99	—
	46.55	0.00	0.00	-0.08	-11.31	0.00	0.00	0.00	0.00	0.00	—
	49.88	1.88	-6.96	5.74	-6.76	3.51	8.66	11.27	6.02	4.99	—
	0.04	0.00	-0.06	0.00	0.05	0.00	5.14	0.00	0.00	0.00	—
	49.85	1.88	-6.91	5.74	-6.81	3.51	3.52	11.27	6.02	4.99	—
	45.30	1.71	-6.28	5.22	-6.19	3.19	3.20	10.24	5.47	4.53	—
Key metrics
	55.21	7.23	-2.18	10.35	-1.89	6.98	12.56	15.52	10.40	9.03	—
	153.60%	27.80%	-11.20%	52.00%	-8.50%	29.80%	46.30%	66.60%	31.80%	24.00%	—
	138.70%	7.20%	-35.60%	28.90%	-30.50%	15.00%	13.00%	48.30%	18.40%	13.30%	—
	21.60%	—	-1.20%	—	-1.10%	—	5.40%	—	—	—	—
	60.90%	11.10%	-28.50%	-14.70%	-31.70%	-37.70%	—	—	—	—	—
	832.00%	-46.40%	-296.30%	-49.10%	-213.10%	-29.70%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	101.26	85.03	120.73	—
	17.87	15.92	18.05	—
	119.15	100.96	138.79	—
	115.07	94.04	107.86	—
	24.60	9.34	3.80	—
	0.00	0.00	0.00	—
	54.89	57.38	61.02	—
	16.91	14.82	14.06	—
	3.16	2.91	2.52	—
	22.01	12.71	26.23	—
	4.07	6.91	30.93	—
	46.47	-11.39	0.00	—
	50.54	-4.47	30.93	—
	-0.02	0.00	5.14	—
	50.56	-4.47	25.79	—
	45.95	-4.06	23.44	—
Key metrics
	70.61	13.26	47.51	—
	69.73%	15.60%	39.40%	—
	49.93%	-5.30%	21.40%	—
	—	4.30%	20.60%	—
	5.28%	-29.60%	—	—
	340.03%	-117.30%	—	—
	—	-8.47	89.76	—
	—	0.02	3.63	—
	—	1.53	1.38	—
	—	117.22	61.12	—
	—	11.2	-7.1	—
Balance sheet
	—	348.78	339.32	—
	—	291.48	269.89	—
	—	11.93	53.96	—
	—	25.03	30.80	—
	—	11.21	4.49	—
	—	16.73	19.54	—
	—	25.02	20.26	—
	—	33.62	37.63	—
	—	109.21	120.87	—
	—	129.15	115.08	—
	—	0.00	0.00	—
	—	129.15	115.08	—
	—	84.37	83.47	—
Cash flow
	—	-0.07	93.56	—
	—	-45.06	-112.98	—
	—	-0.61	-0.62	—
	—	8.40	3.80	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	35.95	26.03	19.39	19.89	22.34	23.42	27.11	23.31	32.70	37.62	—
	4.19	5.89	4.22	3.69	3.57	3.00	5.71	3.17	2.84	2.95	—
	40.14	31.93	23.60	23.58	25.91	26.42	32.82	26.48	35.53	40.57	—
	36.43	29.79	29.90	17.65	21.27	23.03	25.93	16.07	29.19	36.59	—
	10.43	6.64	5.40	2.13	1.15	0.66	2.11	1.05	1.45	1.30	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	12.58	12.91	14.65	14.75	13.37	14.61	13.97	15.97	16.11	14.97	—
	4.52	4.55	4.01	3.82	4.16	2.81	3.23	3.60	3.75	3.47	—
	0.81	0.80	0.77	0.78	0.71	0.66	0.67	0.65	0.63	0.57	—
	6.61	7.56	9.41	-2.87	1.32	2.67	6.64	1.80	5.88	13.16	—
	3.71	2.13	-6.30	5.94	4.64	3.39	6.89	10.41	6.34	3.99	—
	-0.23	-0.97	0.00	5.75	-11.31	0.00	0.00	—	—	—	—
	3.48	1.16	-6.30	11.69	-6.67	3.39	6.89	10.41	6.34	3.99	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	3.48	1.16	-6.30	11.69	-6.67	3.39	6.89	10.41	6.34	3.99	—
	3.16	1.05	-5.73	10.62	-6.06	3.08	6.26	9.46	5.77	3.62	—
Key metrics
	8.81	6.51	-1.52	16.29	-1.80	6.86	10.79	14.66	10.72	8.03	—
	24.50%	25.00%	-7.80%	81.90%	-8.10%	29.30%	39.80%	62.90%	32.80%	21.30%	—
	9.70%	4.50%	-32.50%	58.80%	-29.90%	14.50%	25.40%	44.70%	19.40%	10.60%	—
	3.20%	—	-1.00%	—	-1.10%	—	4.70%	—	—	—	—
	60.90%	11.10%	-28.50%	-14.70%	-31.70%	-37.70%	—	—	—	—	—
	152.20%	-65.80%	-191.40%	12.30%	-205.20%	-15.00%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	101.26	85.03	120.73	—
	17.99	14.48	14.67	—
	119.25	99.51	135.41	—
	113.77	91.85	107.78	—
	24.60	9.34	3.80	—
	0.00	0.00	0.00	—
	54.89	57.38	61.02	—
	16.90	14.80	14.05	—
	3.16	2.91	2.52	—
	20.71	10.53	26.15	—
	5.48	7.67	27.63	—
	4.55	-5.55	0.00	—
	10.03	2.11	27.63	—
	0.00	0.00	0.00	—
	10.03	2.11	27.63	—
	9.10	1.92	25.11	—
Key metrics
	30.09	19.82	44.20	—
	29.72%	23.30%	36.60%	—
	9.91%	2.50%	22.90%	—
	—	7.00%	19.30%	—
	5.28%	-29.60%	—	—
	-28.46%	-92.40%	—	—
	—	0.27	90.88	—
	—	4.11	3.43	—
	—	1.52	1.40	—
	—	124.14	108.54	—
	—	11.2	-7.1	—
Balance sheet
	—	348.78	331.35	—
	—	284.53	199.38	—
	—	5.01	6.54	—
	—	25.03	30.80	—
	—	11.21	4.49	—
	—	16.71	19.50	—
	—	25.02	20.26	—
	—	33.62	37.63	—
	—	108.73	115.48	—
	—	129.15	115.08	—
	—	0.00	0.00	—
	—	129.15	115.08	—
	—	84.85	82.39	—
Cash flow
	—	8.67	94.68	—
	—	-9.61	-93.62	—
	—	-0.59	-0.62	—
	—	8.40	3.80	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +5.28%
Profit YoY (TTM): -28.46%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +5.28%
Profit YoY (TTM): +340.03%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 34.13%

Quarter	September 2026	June 2026
Promoter %	34.13%	34.13%

Holder	Type	Holding	Previous	Change
Tata Steel Limited	Promoter	34.11%	34.11%	0.00%
Roopa Corporate Services Pvt Ltd	Public	2.84%	2.84%	0.00%
Guttikonda Vara Lakshmi	Public	2.12%	2.12%	0.00%
Litton System Inc	Public	1.98%	1.98%	0.00%
Chetan Gopaldas Cholera	Public	1.45%	1.45%	0.00%
Pragya Equities Pvt Ltd	Public	1.15%	1.15%	0.00%
O.P.J Financial Services (P) Ltd	Public	1.09%	1.09%	0.00%
Investor Education and Protection Fund Authority	Public	1.08%	1.08%	0.00%
Tata Industries Limited	Promoter Group	0.02%	0.02%	0.00%
Tata Steel Germany GmbH	Promoter Group	0.00%	0.00%	0.00%
Fischer Profil GmbH	Promoter Group	0.00%	0.00%	0.00%
Tata Steel Research and Innovation Limited	Promoter Group	0.00%	0.00%	0.00%
Tata Steel UK Limited	Promoter Group	0.00%	0.00%	0.00%
Corus International Romania SRL.	Promoter Group	0.00%	0.00%	0.00%
Tata Construction & Projects Ltd.	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
INDO-MIM Limited	61,335	1,240.40	—	—	—	—	—
Aditya Infotech Limited	49,092	4,003.35	102.86	26.00%	—	—	+202.77%
Syrma SGS Technology Limited	29,119	1,510.10	63.38	14.80%	+62.42% TTM	+90.86% TTM	+92.49%
Zetwerk Manufacturing Businesses Limited	27,998	165.25	-28.27 FY26	6.71% Q1 FY27	+40.43% FY26	—	—
Honeywell Automation India Ltd. S	26,304	29,750.35	46.53	15.70%	+5.29% TTM	+9.54% TTM	-19.09%
Jyoti CNC Automation Limited	23,514	1,033.95	76.15	22.00%	+17.61% TTM	-10.78% TTM	+10.01%
KAYNES TECHNOLOGY INDIA LIMITED	22,352	3,325.10	64.66	12.00%	+34.85% TTM	+8.89% TTM	-49.97%
LMW Limited	18,543	17,357.75	90.41	5.90%	+19.37% TTM	+71.62% TTM	+9.94%
Tega Industries Limited	13,632	1,814.45	-14,687.86	6.10%	+84.88% TTM	-100.47% TTM	-6.81%
LLOYDS ENGINEERING WORKS LIMITED	12,845	82.98	53.81	12.30%	+82.99% TTM	+70.53% TTM	+38.32%
Bonfiglioli Transmissions Limited	12,422	660.75	—	—	—	—	—
Dynamatic Technologies Ltd.	8,595	12,655.05	202.56	9.20%	+17.28% TTM	+0.02% TTM	+49.53%
STANDARD ENGINEERING TECHNOLOGY LIMITED	8,333	417.70	93.99	14.70%	—	—	+133.94%
Kennametal India Limtied S	8,317	3,784.30	42.43	—	+29.08% TTM	+90.48% TTM	+80.46%
Omnitech Engineering Limited	8,215	664.25	—	18.30%	—	—	—
HMT Limited	8,132	54.44	-49.29	3.20%	+8.82% TTM	+6.28% TTM	-1.86%
Raymond Limited	7,637	1,147.10	93.20	-0.50%	-5.56% TTM	-98.52% TTM	+100.56%
Spectrum Electrical Industries Limited	7,293	4,268.25	126.77	16.30%	—	—	+190.47%
GMM Pfaudler Ltd.	5,943	1,322.00	87.49	9.00%	+13.91% TTM	+71.89% TTM	+3.00%
Lohia Corp Limited	5,726	541.95	—	—	—	—	—
Praj Industries Ltd.	4,691	255.20	137.98	4.90%	+1.76% TTM	-67.78% TTM	-24.66%
HD Fire Protect Limited	4,651	265.40	—	—	—	—	—
TEMPSENS INSTRUMENTS (INDIA) LIMITED	4,545	542.20	—	—	+37.74% FY25	+52.86% FY25	—
DEE DEVELOPMENT ENGINEERS LIMITED	4,287	569.75	53.51	14.50%	+40.01% TTM	+49.51% TTM	+131.18%
Shanthi Gears Ltd. S	3,802	495.65	65.56	22.90%	-14.22% TTM	-37.57% TTM	+5.08%
TRF Ltd	219	198.80	4.33	4.30%	+5.28% TTM	+340.03% TTM	-39.77%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Counter Cyclical Investment Pvt Ltd21 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
As enclosed.16 Oct 2026 · Company Update / Newspaper Publication
As enclosed.15 Oct 2026 · Company Update / Newspaper Publication
As enclosed.13 Oct 2026 · Board Meeting / Outcome of Board Meeting
As enclosed.13 Oct 2026 · Result / Financial Results
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018.12 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Counter Cyclical Investment Pvt Ltd10 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
TRF Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/10/2026 ,inter alia, to consider and approve audited Standalone and unaudited Consolidated ....7 Oct 2026 · Board Meeting / Board Meeting
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Counter Cyclical Investment Pvt Ltd7 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Closure of Trading Window23 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Change(s) in Senior Management Personnel14 Sep 2026 · Company Update / Change in Management
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Counter Cyclical Investment Pvt Ltd9 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
Scrutinizer Report6 Aug 2026 · AGM/EGM / AGM
Outcome of Annual General Meeting6 Aug 2026 · AGM/EGM / AGM
Presentation to be made at the 63rd Annual General Meeting of TRF Limited.6 Aug 2026 · Company Update / Investor Presentation
Newspaper Advertisement20 Jul 2026 · Company Update / Newspaper Publication
Outcome of Board Meeting16 Jul 2026 · Result / Financial Results
Outcome of Board Meeting16 Jul 2026 · Board Meeting / Outcome of Board Meeting
Newspaper advertisement16 Jul 2026 · Company Update / Newspaper Publication
Physical letters to shareholders of TRF Limited15 Jul 2026 · Company Update / General
Notice of 63rd Annual General Meeting of TRF Limited15 Jul 2026 · AGM/EGM / AGM
63rd Annual Report for FY 2025-26 of TRF Limited.15 Jul 2026 · Others / Reg. 34 (1) Annual Report
TRF Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/07/2026 ,inter alia, to consider and approve the unaudited Standalone and Consolidated ....10 Jul 2026 · Board Meeting / Board Meeting
As enclosed.10 Jul 2026 · Company Update / Newspaper Publication
As enclosed.8 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
As enclosed3 Jul 2026 · AGM/EGM / AGM
Closure of Trading Window23 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Disclosure under Regulation 30 of the SEBI(LODR) Regulation, 201519 Jun 2026 · Company Update / General
The Results along with the prescribed Annexures in relation to the Postal Ballot Notice dated May 12, 2026 is enclosed.15 Jun 2026 · AGM/EGM / Postal Ballot
The Results along with prescribed Annexures in relation to Postal Ballot notice dated May 12, 2026 is enclosed.15 Jun 2026 · AGM/EGM / Postal Ballot
Annual Secretarial Compliance Report for the year ended March 31, 2026 is enclosed.28 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Newspaper advertisement15 May 2026 · Company Update / Newspaper Publication
Notice of Postal Ballot14 May 2026 · AGM/EGM / Postal Ballot
Newspaper advertisement-disclosure under Regulation 30 of SEBI Listing Regulations.13 May 2026 · Company Update / Newspaper Publication
Outcome of Board Meeting12 May 2026 · Result / Financial Results
Outcome of Board Meeting12 May 2026 · Board Meeting / Outcome of Board Meeting
Intimation to the holders of Physical Shares to furnish KYC details8 May 2026 · Company Update / General
TRF Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/05/2026 ,inter alia, to consider and approve a. the unaudited Standalone and Consolidated ....7 May 2026 · Board Meeting / Board Meeting
Newspaper Advertisement- Disclosure under Regulation 30 of SEBI LODR Regulations, 201522 Apr 2026 · Company Update / Newspaper Publication
Change(s) in Senior Management Personnel of TRF Limited.14 Apr 2026 · Company Update / Change in Management

Board meetings

13 Oct 2026 Board Meeting - Financial Results
16 Jul 2026 Board Meeting - Financial Results