TRF Limited
NSE: TRF · Industrial Products
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Snapshot
Unlock TRF Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
TRF Limited is a Tata Group company specialising in the design, engineering, and execution of turnkey material handling projects for the infrastructure sector. The company operates manufacturing and design facilities in Jamshedpur, focusing on electromechanical equipment, industrial fabrication, and life cycle services.
Business Model
The company generates revenue through the provision of end-to-end material handling solutions, including the manufacturing of equipment and the delivery of design, engineering, and supervision services. It leverages its association with the Tata Group to secure electromechanical contracts within the bulk material handling industry.
- Tata Steel Stake:34.11%
- Incorporation Year:1962
Growth Outlook
Growth is primarily driven by the demand for infrastructure development and the requirement for industrial material handling solutions in the domestic market. The company focuses on leveraging its established design and engineering capabilities to secure new electromechanical and fabrication projects.
Key Risks
- Project Execution Risk. Delays in large-scale infrastructure projects can significantly impact the company's revenue recognition and working capital cycle.
- Cyclicality of Infrastructure Sector. The company's performance is highly sensitive to the capital expenditure cycles and investment patterns within the Indian infrastructure and industrial sectors.
- Raw Material Price Volatility. Fluctuations in the cost of steel and other industrial components can compress profit margins on fixed-price turnkey contracts.
- Competitive Intensity. The material handling equipment market is highly competitive, potentially leading to pricing pressures and reduced contract profitability.
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Key Metrics
REVENUE
₹85 Cr
TTM · consolidated
NET PROFIT
₹-4 Cr
TTM · consolidated
EPS
₹-4.06
TTM · consolidated
RETURN ON EQUITY
-5.3%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
4.6%
TTM · consolidated
P/E
-47.4x
Q4 FY26 · consolidated
EV/EBITDA
14.4x
Q4 FY26 · consolidated
EBITDA MARGIN
29.0%
TTM · consolidated
NET PROFIT MARGIN
-35.6%
Q4 FY26 · consolidated
DEBT TO EQUITY
1.5x
Q4 FY26 · consolidated
Peers · Industrial Products
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
TRF LimitedTRF | ₹238 Cr | -47.37 | 14.41 | -29.6% | 29.0% | -5.3% | 4.6% | -44.6% |
Gujarat Apollo Industries LimitedGUJAPOLLO | ₹437 Cr | 72.03 | 31.07 | 17.7% | 29.6% | 1.1% | 1.9% | -30.7% |
BatliboiBATLIBOI | ₹397 Cr | 25.73 | 14.14 | 47.5% | 6.5% | 4.2% | 5.6% | -8.1% |
Birla Precision Technologies LimitedBIRLAPREC | ₹388 Cr | 27.17 | 14.78 | 9.6% | 11.3% | 8.3% | 13.0% | +17.9% |
True ColorsTRUECOLORS | ₹370 Cr | — | — | — | 16.0% | — | — | -22.1% |
FluidomatFLUIDOM | ₹365 Cr | 18.11 | 13.31 | 4.3% | 38.2% | 22.2% | 29.2% | -21.8% |
As of Q4 FY26
Financials
TRF Limited
NSE: TRF · Industrial Products
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock TRF Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
TRF Limited is a Tata Group company specialising in the design, engineering, and execution of turnkey material handling projects for the infrastructure sector. The company operates manufacturing and design facilities in Jamshedpur, focusing on electromechanical equipment, industrial fabrication, and life cycle services.
Business Model
The company generates revenue through the provision of end-to-end material handling solutions, including the manufacturing of equipment and the delivery of design, engineering, and supervision services. It leverages its association with the Tata Group to secure electromechanical contracts within the bulk material handling industry.
- Tata Steel Stake:34.11%
- Incorporation Year:1962
Growth Outlook
Growth is primarily driven by the demand for infrastructure development and the requirement for industrial material handling solutions in the domestic market. The company focuses on leveraging its established design and engineering capabilities to secure new electromechanical and fabrication projects.
Key Risks
- Project Execution Risk. Delays in large-scale infrastructure projects can significantly impact the company's revenue recognition and working capital cycle.
- Cyclicality of Infrastructure Sector. The company's performance is highly sensitive to the capital expenditure cycles and investment patterns within the Indian infrastructure and industrial sectors.
- Raw Material Price Volatility. Fluctuations in the cost of steel and other industrial components can compress profit margins on fixed-price turnkey contracts.
- Competitive Intensity. The material handling equipment market is highly competitive, potentially leading to pricing pressures and reduced contract profitability.
Start your research today
Unlock AI insights, financials, peers and live data on TRF Limited and 5,000+ companies — free.
Key Metrics
REVENUE
₹85 Cr
TTM · consolidated
NET PROFIT
₹-4 Cr
TTM · consolidated
EPS
₹-4.06
TTM · consolidated
RETURN ON EQUITY
-5.3%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
4.6%
TTM · consolidated
P/E
-47.4x
Q4 FY26 · consolidated
EV/EBITDA
14.4x
Q4 FY26 · consolidated
EBITDA MARGIN
29.0%
TTM · consolidated
NET PROFIT MARGIN
-35.6%
Q4 FY26 · consolidated
DEBT TO EQUITY
1.5x
Q4 FY26 · consolidated
Peers · Industrial Products
As of Q4 FY26