TRF balance sheet

As of Sep 2026

Total assets: ₹349cr+1.9% on Sep 2025
Shareholders' equity: ₹89.4cr+5.1% on Sep 2025
Total debt: ₹137cr+12.2% on Sep 2025
Cash and investments: ₹217cr+181.6% on Sep 2025

₹ crore except per share

Tap a line for its trend	H1 FY27Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Current assets
Non-current assets						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	25.4	25.0	20.3	19.2	16.7
	2.2	2.3	0.9	—	—
	0.7	0.7	0.4	0.2	0.4
	0.0	0.0	0.0	0.0	0.8
	13.1	13.9	27.7	0.0	0.1
	13.1	13.9	27.7	0.0	0.9
	16.9	15.1	20.2	21.8	27.0
	58.4	57.0	69.4	41.3	45.1
	14.8	11.2	4.5	5.6	10.4
	213	226	19.9	65.6	60.9
	41.5	25.0	30.8	99.1	102
	3.3	11.9	54.0	71.9	22.5
	0.4	0.4	138	0.3	0.0
	0.1	0.1	3.1	0.3	0.1
	259	264	246	237	186
	17.1	16.7	19.5	25.4	7.1
	291	291	270	268	203
	0.3	0.3	—	—	78.2
	349	349	339	310	327
Equity
	11.0	11.0	11.0	11.0	11.0
	78.4	73.4	72.5	28.1	11.0
	89.4	84.4	83.5	39.1	22.0
	89.4	84.4	83.5	39.1	22.0
Liabilities
	137	129	115	94.2	83.8
	0.4	0.4	0.0	0.1	0.7
	137	130	115	94.3	84.6
	24.7	25.7	18.4	19.7	18.5
	—	—	1.5	2.4	2.5
	162	155	135	116	106
	0.0	0.0	0.0	25.0	0.0
	34.3	33.6	37.6	51.8	62.6
	14.9	18.0	18.5	11.1	12.6
	49.2	51.6	56.1	87.9	75.2
	21.6	26.0	24.3	23.8	18.8
	1.1	1.1	6.3	1.1	1.1
	25.6	30.5	34.2	41.3	67.8
	97.4	109	121	154	163
	0.0	0.0	—	—	36.3
	260	264	256	270	305
	349	349	339	310	327
Trade payables — MSME split
	6.4	5.9	6.5	—	—
	27.9	27.7	31.2	—	—

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

alphave

TRF₹200.46

TRF Limited

· Capital Goods & Defence

₹ CrorePeersRVTH MAHEPC GUJAPOLLO INTLCONV SOMICONVEY DUCON ATAM BAJAJINDEFMcap ₹221 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Non-current Assets
+ Property, Plant & Equipment	16.7	19.2	20.3	25.0	25.4
+ Capital Work-in-Progress	—	—	0.9	2.3	2.2
+ Other Intangibles	0.4	0.2	0.4	0.7	0.7
+ Non-current Investments	0.8	0.0	0.0	0.0	0.0
+ Other Non-current Financial Assets	0.1	0.0	27.7	13.9	13.1
Non-current Financial Assets	0.9	0.0	27.7	13.9	13.1
+ Other Non-current Assets	27.0	21.8	20.2	15.1	16.9
Total Non-current Assets	45.1	41.3	69.4	57.0	58.4
Current Assets
+ Inventories	10.4	5.6	4.5	11.2	14.8
+ Current Investments	60.9	65.6	19.9	226.1	213.3
+ Trade Receivables	102.4	99.1	30.8	25.0	41.5
+ Cash & Cash Equivalents	22.5	71.9	54.0	11.9	3.3
+ Other Bank Balances	0.0	0.3	138.1	0.4	0.4
+ Other Current Financial Assets	0.1	0.3	3.1	0.1	0.1
Current Financial Assets	185.9	237.2	245.9	263.5	258.6
+ Other Current Assets	7.1	25.4	19.5	16.7	17.1
Total Current Assets	203.4	268.2	269.9	291.5	290.6
+ Assets Held for Sale	78.2	—	—	0.3	0.3
Total Assets	326.7	309.5	339.3	348.8	348.9
Equity
+ Equity Share Capital	11.0	11.0	11.0	11.0	11.0
+ Other Equity / Reserves	11.0	28.1	72.5	73.4	78.4
Equity — Owners of Parent	22.0	39.1	83.5	84.4	89.4
Total Equity	22.0	39.1	83.5	84.4	89.4
Liabilities
+ Borrowings — Non-current	83.8	94.2	115.1	129.2	137.1
+ Other Non-current Financial Liab	0.7	0.1	0.0	0.4	0.4
Non-current Financial Liabilities	84.6	94.3	115.1	129.5	137.5
+ Provisions — Non-current	18.5	19.7	18.4	25.7	24.7
+ Other Non-current Liabilities	2.5	2.4	1.5	—	—
Non-current Liabilities	105.6	116.4	135.0	155.2	162.1
+ Borrowings — Current	0.0	25.0	0.0	0.0	0.0
+ Trade Payables	62.6	51.8	37.6	33.6	34.3
+ Other Current Financial Liab	12.6	11.1	18.5	18.0	14.9
Current Financial Liabilities	75.2	87.9	56.1	51.6	49.2
+ Provisions — Current	18.8	23.8	24.3	26.0	21.6
+ Current Tax Liabilities	1.1	1.1	6.3	1.1	1.1
+ Other Current Liabilities	67.8	41.3	34.2	30.5	25.6
Current Liabilities	162.9	154.1	120.9	109.2	97.4
+ Liabilities Held for Sale	36.3	—	—	0.0	0.0
Total Liabilities	304.7	270.4	255.8	264.4	259.5
Total Equity & Liabilities	326.7	309.5	339.3	348.8	348.9
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	—	6.5	5.9	6.4
+ Dues to Other Creditors — Current	—	—	31.2	27.7	27.9

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. 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%.