Flash Finance

TRF LimitedTRFCorporate

Engineering Latest results: Sep 2026 15 quarters of data
Consolidated Standalone
₹232.40
MCap ₹256 Cr · P/E 5.1
TRF Limited — Stock analysis & AI research TRF Limited — Seasonality — best & worst months TRF Limited — Technical setup — score, trend, support & resistance TRF Limited — Live exchange announcements
AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹36 Cr
Sales · Sep 2026
+60.9% YoY
₹4 Cr
Operating Profit · Sep 2026
-11.8% YoY
12.4%
OPM % · Sep 2026
-45.4% YoY
₹50 Cr
Net Profit · Sep 2026
+832.2% YoY
₹45.30
EPS · Sep 2026
+831.8% YoY

📝 TRF Limited — results explained

Quarter ended September 2026 (Q2 FY27)

TRF Limited reported revenue of ₹36 crore for the quarter ended September 2026 (Q2 FY27), up 60.9% from ₹22 crore in the same quarter last year, and up 38.1% sequentially over the June 2026 quarter.

The company swung to a net profit of ₹50 crore from a net loss of ₹7 crore a year earlier. Earnings per share (EPS) came in at ₹45.30.

Operating profit stood at ₹4 crore — an operating margin (OPM) of 12.4%, compared with 22.7% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, TRF Limited posted revenue of ₹85 crore, a decline of 29.6% over FY25, with a net loss of ₹4 crore.

On a trailing-twelve-month (TTM) basis, revenue stands at ₹101 crore with a net profit of ₹51 crore.

Valuation snapshot

At the current price of ₹232.40, TRF has a market capitalisation of ₹256 crore and a trailing P/E of about 5.1.

Within the Engineering industry, it is the 25th-largest of the 57 companies we track by market value.

Shareholding pattern

As of Jun 2026, promoters held 34.12%, foreign institutional investors (FIIs) 0.30%, domestic institutional investors (DIIs) 0.02%, the government 0.01%, public shareholders 65.54% of TRF Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹256 Cr
Current Price ?
₹232.4
P/E ?
5.06below ind
Industry P/E ?
35.10
P/B ?
2.86
P/S ?
2.53
P/FCF ?
-30.19
Enterprise Value ?
₹393 Cr
EV/EBITDA ?
62.92
PEG ?
N/A
Earnings Yield ?
0.8%
Dividend Yield ?
0.00%
Profitability & Returns
Sales (TTM) ?
₹101 Cr
OPM ?
6.2%
Profit after tax (TTM) ?
₹51 Cr
EPS (TTM) ?
₹45.94
ROCE ?
10.5%
ROE ?
56.6%
ROA ?
14.5%
Growth
Sales — latest qtr ?
₹36 Cr
PAT — latest qtr ?
₹50 Cr
YoY qtr sales growth ?
60.9%
YoY qtr profit growth ?
832.2%
Sales growth (3y) ?
-22%
Sales growth (5y) ?
-6%
Profit growth (3y) ?
-57%
Profit growth (5y) ?
16%
Financial Health
Debt ?
₹138 Cr
Debt to Equity ?
1.54
Interest Coverage ?
0.4
Current Ratio ?
N/A
Ownership
Promoter holding ?
34.12%
Change in promoter holding ?
0.00%
Pledged percentage ?
N/A
Market
Return 3 months ?
-3.9%
Return 6 months ?
-13.9%

🗓️ Quarterly results (15 quarters · ₹ Cr)

same fiscal quarter as Sep bestweakest per row · for costs (interest, NPAs) low is best
Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026 YoY % QoQ %
Sales 393439293838332327232220192636 +60.9% +38.1%
Operating Profit 410913557126357-614 -11.8% +235.4%
Other Income 3112164447444464 -3.6% -28.9%
Interest 633343443344455 +8.6% -0.7%
Depreciation 001111111111111 +14.4% +1.3%
Profit Before Tax 1817116561194-76-7250 +838.3% +2558.3%
Net Profit 791816561144-76-7250 +832.2% +2556.4%
EPS 6.677.9816.661.105.734.535.4710.243.203.19-6.195.22-6.281.7145.30 +831.8% +2549.1%
OPM % 10.1% 29.5% 22.0% 44.0% 14.0% 13.7% 20.7% 49.4% 23.0% 13.7% 22.7% 33.7% -32.2% 5.1% 12.4% -45.4% +143.1%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹121 Cr ₹85 Cr ₹101 Cr -29.6%
Operating Profit ₹30 Cr ₹9 Cr ₹6 Cr -70.6%
OPM % 24.56% 10.25% 6.17% -58.3%
NPM % 21.37% -5.26% 49.93% -124.6%
Other Income ₹18 Cr ₹16 Cr ₹18 Cr -11.8%
Depreciation ₹3 Cr ₹3 Cr ₹3 Cr +7.0%
Interest ₹14 Cr ₹15 Cr ₹17 Cr +5.5%
EBIT ₹27 Cr ₹6 Cr ₹3 Cr -78.4%
PBT ₹31 Cr ₹-4 Cr ₹51 Cr -114.5%
Tax — ₹-0 Cr ₹-0 Cr —
Net Profit ₹26 Cr ₹-4 Cr ₹51 Cr -117.3%
EPS ₹23.44 ₹-4.06 ₹45.95 -117.3%
Material Cost ₹2 Cr ₹11 Cr ₹26 Cr +435.8%
Employee Cost ₹32 Cr ₹57 Cr ₹55 Cr +78.8%
Extraordinary Items — ₹11 Cr ₹-46 Cr —

🏛️ Balance Sheet (latest 5 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026 % Chg
Equity Capital 11.0011.0011.0011.0011 +0.0%
Reserves -411.63-394.55-366.5473.3778 +6.8%
Borrowings 507.42542.01554.22129.65138 +6.1%
Other Liabilities 207.14151.05140.64134.76122 -9.5%
Total Liabilities 313.93309.51339.32348.78349 +0.0%
Fixed Assets 17.1719.4420.6125.6826 +1.9%
CWIP 0.000.000.942.302 -6.1%
Investments 61.6965.5619.86226.12213 -5.7%
Other Assets 235.07224.51297.9194.68107 +13.3%
Total Assets 313.93309.51339.32348.78349 +0.0%

📦 Working Capital (latest 1 periods)

Metric Sep 2026 % Chg
Inventories 15 —
Trade Receivables 41 —
Trade Payables 34 —

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
CFO/OP 122%112%327%11% -96.6%
Cash from Operating Activity 83.1033.9093.56-0.07 -100.1%
Cash from Investing Activity -50.1214.80-110.85-45.06 +59.4%
Cash from Financing Activity -30.310.49-0.62-0.61 +1.6%
Net Cash Flow 2.6649.20-17.91-45.74 -155.4%
Free Cash Flow 81.8128.9889.76-8.47 -109.4%

💧 Half-year Cash Flow (latest 1 periods)

Metric Sep 2026 % Chg
Cash from Operating Activity -27 —
Cash from Investing Activity 19 —
Cash from Financing Activity -0 —
Net Cash Flow -9 —

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 129.80258.3493.12107.44 +15.4%
Inventory Days 228.81129.50—657.82 —
Days Payable 1,378.161,050.07—1,972.88 —
Cash Conversion Cycle -1,019.54-662.2393.12-1,207.61 -1396.8%
Working Capital Days -88.44-61.57-190.16729.48 +483.6%
ROCE % 188.39%37.59%21.81%10.54% -51.7%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 % Chg
Promoters 34.12%34.12%34.12%34.12%34.12% +0.0%
FIIs 0.67%0.50%0.49%0.49%0.30% -38.8%
DIIs 0.02%0.02%0.03%0.02%0.02% +0.0%
Government 0.01%0.01%0.01%0.01%0.01% +0.0%
Public 65.17%65.36%65.35%65.36%65.54% +0.3%
No. of Shareholders 26,39926,63026,39825,76525,509 -1.0%

⚖️ Peer comparison

Industry: Engineering · top 25 of 57 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 MTARTECH Mtar Technologies ₹7,039.50 21,653 161.6 1,080 134 21.1% 12.4% 29.7% 77.1% 130.4% 364.5%
2 AZAD Azad Engineering ₹2,808.60 18,138 130.7 639 139 37.6% 21.8% 31.9% 54.2% 25.9% 19.5%
3 ACE Action Construction ₹1,131.00 13,462 30.8 3,414 437 15.5% 12.8% -1.4% 1.5% 20.5% 22.3%
4 LLOYDSENGG LLOYDS ENGINEERING ₹81.61 12,646 80.5 1,234 144 14.0% 11.7% 39.4% 18.7% 104.0% 146.6%
5 TITAGARH TITAGARH RAIL ₹837.75 11,282 58.9 3,271 192 11.1% 5.9% -17.6% -38.1% 12.6% 69.9%
6 KRN KRN Heat ₹1,414.00 9,256 91.2 737 97 19.5% 13.2% 39.7% 44.6% 118.9% 164.8%
7 ELECON Elecon Engineering ₹407.35 9,141 37.3 2,457 245 21.3% 10.0% 6.2% -17.8% 10.5% 9.8%
8 DYNAMATECH Dynamatic Technologies ₹12,004.00 8,152 187.5 1,675 43 11.9% 2.6% 15.6% -23.8% 14.5% 93.0%
9 SKIPPER Skipper ₹534.55 6,530 26.9 5,609 225 10.4% 4.0% 20.1% 42.7% 4.5% 25.5%
10 GMMPFAUDLR GMM Pfaudler ₹1,335.00 6,002 82.3 3,655 68 10.8% 1.8% 10.2% 4.5% 16.4% 117.7%
11 PRAJIND Praj Industries ₹309.00 5,680 188.4 3,244 31 4.8% 1.0% -1.8% -88.9% 11.8% 124.7%
12 TEXRAIL Texmaco Rail ₹109.88 4,471 20.7 4,223 214 8.7% 5.1% -10.9% -14.1% -16.9% 70.7%
13 SHANTIGEAR Shanthi Gears ₹552.20 4,238 66.5 499 64 17.8% 12.7% -14.3% -20.2% -14.4% -56.6%
14 PITTIENG Pitti Engineering ₹1,122.80 4,145 33.8 1,818 125 18.0% 6.9% 7.2% -3.9% 15.8% 28.3%
15 JASH Jash Engineering ₹586.00 3,686 39.2 708 94 17.2% 13.3% 0.3% -12.6% -23.0% 367.7%
16 UNIPARTS Uniparts India ₹776.85 3,505 19.4 1,244 180 22.3% 14.5% 21.5% 79.5% 26.9% 64.3%
17 ANUP Anup Engineering ₹1,641.20 3,288 39.5 739 83 18.7% 11.2% 11.6% -8.2% -30.4% -95.7%
18 HLEGLAS HLE Glascoat ₹469.20 3,259 59.1 1,370 41 9.0% 3.0% 31.7% -8.4% 5.9% -88.5%
19 WINDMACHIN Windsor Machines ₹296.90 3,072 375.8 606 7 4.9% 1.1% 54.7% 10.0% 31.4% 91.4%
20 KABRAEXTRU Kabra Extrusion ₹676.00 2,364 n/m 576 4 4.9% 0.7% -5.4% -116.7% 64.2% 1102.8%
21 THEJO Thejo Engineering ₹2,173.40 2,358 40.5 674 55 13.2% 8.1% 14.3% -5.8% 31.0% 56.1%
22 HMT HMT ₹64.38 2,289 — 147 -132 -76.8% -89.8% 0.3% 8.3% 16.0% -3.6%
23 JNKINDIA JNK India ₹407.00 2,277 34.8 818 65 11.2% 8.0% 71.6% 114.6% 77.0% 149.3%
24 TIL TIL ₹250.25 2,063 — 377 -30 4.8% -7.9% 2.5% -1175.9% 86.2% 12.4%
25 TRF TRF ₹213.97 235 4.7 101 51 6.2% 49.9% -29.6% -117.3% 60.9% 832.2%
❓ Frequently asked questions
What was TRF Limited's revenue in Q2 FY27?
TRF Limited reported revenue of ₹36 crore for the quarter ended September 2026 (Q2 FY27), up 60.9% from ₹22 crore in the same quarter last year, and up 38.1% sequentially over the June 2026 quarter.
What was TRF Limited's net profit in Q2 FY27?
The company swung to a net profit of ₹50 crore from a net loss of ₹7 crore a year earlier. Earnings per share (EPS) came in at ₹45.30.
What is TRF's market capitalisation and P/E ratio?
At the current price of ₹232.40, TRF has a market capitalisation of ₹256 crore and a trailing P/E of about 5.1.
Who owns TRF Limited? (shareholding pattern)
As of Jun 2026, promoters held 34.12%, foreign institutional investors (FIIs) 0.30%, domestic institutional investors (DIIs) 0.02%, the government 0.01%, public shareholders 65.54% of TRF Limited.
TTM ends 2026-09-30. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI