TRF · TRF Ltd · Misc. Capital Goods
TRF · TRF Ltd · Misc. Capital Goods
As of 05 Nov close
52-week range
38.8% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹26 Cr
Revenue YoY
PAT YoY
-46.4%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
Not available from data source
P/S (TTM)
2.8
Sector P/E
28.6
Dividend yield
0.0%
Source: Yahoo Finance, as of 29 Oct 2026
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| TRF (this stock) | 4.4 | Not available from data source | -7.0% | -7.2% | 1.54 | 0.0% |
| Bharat Heavy Electricals | 92.4 | 5.6 | +6.8% | Not available from data source | 0.64 | +0.3% |
| Suzlon Energy | 25.9 | 6.9 | +18.0% | +33.2% | 0.06 | 0.0% |
| Thermax | 97.9 | 8 | +5.5% | +10.7% | 0.42 | +0.4% |
Promoter
stable
FII
falling 1q
MF
Not available from data source
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: The investor presentation for TRF Limited's 63rd Annual General Meeting, held on August 6, 2026, outlined the company's performance and strategic initiatives. Management reported a sustained safety performance with zero fatalities and no serious reportable accidents, emphasizing ongoing safety protocols and training. Financial highlights indicated stabilizing performance, with operating income remaining consistent despite challenges over the past decade. The presentation noted a focus on re-initiating product and spares business, closure of loss-making contracts, and modernization efforts, including significant capital expenditure. Additionally, TRF highlighted its commitment to community initiatives, such as health camps and educational support for underprivileged children. The document concluded with a focus on leveraging synergies within the Tata Group for sustainable growth.
The presentation provided a balanced overview of performance and initiatives without strong emphasis on growth or challenges.
Sourced from an exchange-filed presentation, dated 06 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedTRF Limited reported accumulated losses from previous years, leading to no dividend declaration for FY 2025-26. The company retained all profits to strengthen reserves. Capital expenditure reached ₹785.24 lakh, funded internally, with liquidity at ₹23,113.13 lakh as of March 31, 2026. Operations focused on manufacturing for Tata Steel, achieving milestones in key projects. No significant regulatory actions or defaults were noted, and internal controls were deemed adequate. The company maintained compliance with governance standards and had no material disputes impacting operations.
- Accumulated losses led to no dividend declaration and full profit retention for FY 2025-26.
- Capital expenditure of ₹785.24 lakh funded internally, with liquidity at ₹23,113.13 lakh as of March 31, 2026.
- Manufactured 2,100 MT of finished goods primarily for Tata Steel, achieving project milestones in North Karanpura, Jharkhand, and Bhadradri, Telangana.
- No significant regulatory actions, defaults, or material disputes impacting operations were reported.
- Internal controls and governance mechanisms were deemed adequate, with no audit qualifications or adverse remarks.
Key takeaway: TRF Limited faced accumulated losses but maintained operational resilience and liquidity, with no major regulatory or compliance issues, though profitability remains a concern due to retained earnings and past losses.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Default / Covenant Breach (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Default / Covenant Breach
1 occurrenceRecent (last 12 months)
The company has disputes over statutory dues under various acts (Sales Tax, Service Tax, GST, ESI) with pending appeals at different authorities, including the High Court, for specific financial years, though no arrears are outstanding beyond six months.
Routine disclosures
Contingent Liability
2 occurrencesRecent (last 12 months)
The company has deposited Rs. 13.51 lakhs (as of March 31, 2026) against sales tax disputes, Rs. 59.36 lakhs against excise and service tax disputes, and Rs. 116.71 lakhs against Goods and Service Tax disputes, all pending appeal disposal.
Earlier (1-3 years ago)
As of March 31, 2025, the company has contingent liabilities related to sales tax matters in dispute.
Related-Party Transaction
1 occurrenceRecent (last 12 months)
TRF Limited has approved a related party transaction with Tata Steel Utilities and Infrastructure Services Limited (TSUISL), a promoter group entity, increasing the transaction value to ₹3,000 lakh for FY 2026-27, subject to arm's length terms.
Statutory dues in dispute
1 occurrenceEarlier (1-3 years ago)
The company has disputes pending with authorities regarding statutory dues under various acts, including Sales Tax, Service Tax, and ESI, with amounts unpaid and disputes at different appellate levels and the High Court.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
5.71% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).