TRF financials

Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹36.0cr+60.9% on Q2 FY26
Net profit
₹49.8cr−₹6.8 cr in Q2 FY26
EBITDA margin
12.4%−10.3 pts on Q2 FY26
EPS
₹45.30−₹6.19 in Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue36.022.3+60.9%
EBITDA4.55.1−11.8%
EBITDA margin12.4%22.7%−10.3 pts
Profit before tax49.9−6.8—
Net profit49.8−6.8—
EPS₹45.30−₹6.19—

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹36.0 crNet profit₹49.8 crNet margin138.6%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
221————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
21723873.813783.4
12912911511983.8
133————
10185.0121140177
—−29.6%−13.7%−21.0%—
6.38.729.535.758.5
6.2%10.3%24.4%25.5%33.0%
3.15.826.933.456.5
50.6−4.525.834.688.6
49.9%−5.3%21.4%24.7%50.0%
₹45.94−₹4.06₹25.46₹38.24₹80.49
—−116.0%−33.4%−52.5%—
—−0.193.633.983.1
—−8.4−3.8−4.9−1.3
−8.5−8.589.829.081.8
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

TRF₹200.67
₹ CrorePeersRVTHMAHEPCGUJAPOLLOINTLCONVSOMICONVEYDUCONATAMBAJAJINDEFMcap ₹221 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————220.8
- Cash, Equiv & ST Investments83.4137.473.8238.1216.7
+ Total Debt83.8119.2115.1129.2129.2
Enterprise Value————133.3
Revenue177.1140.0120.785.0101.3
Growth %, YoY—-21.0-13.7-29.6—
EBITDA58.535.729.58.76.3
Margin %33.0225.4824.4010.256.17
EBIT56.533.426.95.83.1
Net Income88.634.625.8-4.550.6
Margin %50.0224.7221.36-5.2649.93
EPS, Adj (current shares)80.4938.2425.46-4.0645.94
Growth %, YoY—-52.5-33.4-116.0—
Cash from Operations83.133.993.6-0.1—
Capital Expenditures-1.3-4.9-3.8-8.4—
Free Cash Flow81.829.089.8-8.5-8.5
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

TRF financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

TRF (NSE: TRF) had a market capitalisation of ₹221 crore at the 29 October 2026 close (₹200.46 a share), a PE ratio of 4.3 on the last four quarters' profit and a price-to-book ratio of 2.47. In FY26 its consolidated net loss was ₹4.5 crore on revenue of ₹85 crore; in Q2 FY27 (July–September 2026) it was ₹50.3 crore. Its debt-to-equity ratio was 1.53 on 30 September 2026. Promoters held 34.12% of the shares on 30 September 2026.

TRF Q2 FY27 results
filed 13 October 2026
Share price used
₹200.46 · 29 October 2026 close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

TRF at a glance · consolidated

Market cap
₹221 Crat ₹200.46 · 29 Oct close
PE ratio (last 4 quarters)
4.3
Price to book (PB)
2.47book value ₹81.24 a share
ROE (FY26)
−5.3%−51.0 pts vs FY25ROCE 2.5%
Debt to equity
1.53net cash ₹80 Cr
Promoter holding
34.12%unchanged vs 30 Jun 202630 September 2026
Net worth
₹89.4 Cr+5.1% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
−₹8.5 Cr
EPS (FY26)
−₹4.06

Questions

What is the TRF PE ratio today?

TRF's PE ratio is 4.3 at the 29 October 2026 close (₹200.46 a share): a market capitalisation of ₹221 crore divided by consolidated net profit of ₹51 crore over the last four quarters (Q3 FY26 to Q2 FY27). These four quarters include net exceptional items of ₹46.5 crore (one-off gains reported separately), so the ratio on recurring profit would differ.

What is the TRF PB ratio (price to book value)?

TRF's price-to-book (PB) ratio is 2.47 at the 29 October 2026 close: a market capitalisation of ₹221 crore divided by shareholders' equity (book value) of ₹89.4 crore on 30 September 2026. That is a book value of ₹81.24 per share against a share price of ₹200.46.

What is the TRF ROE and ROCE?

In FY26, TRF's return on equity (ROE) was −5.3% and its return on capital employed (ROCE) was 2.5%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 45.7% and ROCE 14.4%.

What is the TRF market cap?

TRF's market capitalisation was ₹221 crore at the 29 October 2026 close: 1.1 crore shares at ₹200.46 each.

What is the TRF EPS?

TRF's basic earnings per share (EPS) were −₹4.06 in FY26. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹45.95.

What is the TRF promoter holding?

Promoters held 34.12% of TRF on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.

Is TRF debt free?

No. TRF had borrowings of ₹137 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 1.53. Its cash and current investments were ₹217 crore, so it held net cash of ₹80 crore.

What is the TRF debt to equity ratio?

TRF's debt-to-equity ratio was 1.53 on 30 September 2026: borrowings of ₹137 crore against total equity of ₹89.4 crore. A year earlier, on 30 September 2025, it was 1.44.

What is the TRF free cash flow?

In FY26, TRF generated ₹7.4 lakh of cash from operations and spent ₹8.4 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹8.5 crore. In FY25 it was ₹89.8 crore.

What is the TRF net worth?

TRF's net worth — shareholders' equity in its consolidated balance sheet — was ₹89.4 crore on 30 September 2026, up 5.1% from ₹85.1 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹221 crore at the 29 October 2026 close.

What is the TRF book value per share?

TRF's book value per share was ₹81.24 on 30 September 2026: shareholders' equity of ₹89.4 crore divided by the 1.1 crore shares in issue, up 5.1% from ₹77.32 a year earlier. The share price at the 29 October 2026 close was ₹200.46.

What are the TRF latest quarterly results?

TRF's latest results are for Q2 FY27 (July–September 2026), filed on 13 October 2026: consolidated net profit ₹50.3 crore, against a loss of ₹6.8 crore in Q2 FY26; revenue from operations ₹36 crore, up 60.9% year on year.

What is the TRF shareholding pattern?

On 30 September 2026, TRF's shares were held by promoters 34.12%, foreign portfolio investors (FII/FPI) 0.26%, domestic institutions (DII) 0.02% (including mutual funds at 0.00%) and retail and other non-institutional investors 65.59%. Over the year, FII holding was down 0.24 percentage points from 0.50% and DII holding was unchanged.

How does TRF compare with its peers?

On FY26 consolidated figures, against Revathi Equipment India, Mahindra EPC Irrigation and Gujarat Apollo Industries: TRF's operating margin of 6.8% is the second highest of the four (Revathi Equipment India 10.1%, Mahindra EPC Irrigation 5.9%, Gujarat Apollo Industries −30.9%; peer average −5.0%); its return on equity of −5.3% is the lowest of the four (Revathi Equipment India 10.4%, Mahindra EPC Irrigation 7.1%, Gujarat Apollo Industries 1.2%; peer average 6.2%).

TRF vs Revathi Equipment India: how do they compare?

In FY26, TRF earned net profit of ₹4.5 crore on revenue of ₹85 crore, against ₹13.8 crore on ₹143 crore for Revathi Equipment India. TRF's operating margin was 6.8% (Revathi Equipment India 10.1%) and its return on equity −5.3% (Revathi Equipment India 10.4%). At the 29 October 2026 close, TRF's market capitalisation was ₹221 crore against ₹198 crore for Revathi Equipment India.

What is the TRF revenue and profit in FY26?

In FY26 (April 2025–March 2026), TRF's consolidated net loss was ₹4.5 crore, against a profit of ₹28 crore in FY25, on revenue from operations of ₹85 crore (down 29.6%).

When are the TRF next results?

TRF has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.

Where do these TRF figures come from?

From TRF's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.