TRF enterprise value

Share price at each year-end

Tap a line for its trend	Currentlast 12M	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus


221	—	—	—	—	FY22 and earlierEvery year the company has filed comes with Alpha Plus.
217	238	73.8	137	83.4
129	129	115	119	83.8
133	—	—	—	—
−87.5	−109	41.3	−18.3	0.4
₹120.94	—	—	—	—

219	214	199	158	106
59.1%	60.5%	58.0%	75.3%	79.2%
0.97×	—	—	—	—

1.31×	—	—	—	—
21.29×	—	—	—	—
42.87×	—	—	—	—
101	85.0	121	140	177
6.3	8.7	29.5	35.7	58.5
3.1	5.8	26.9	33.4	56.5
—	−0.1	93.6	33.9	83.1
−8.5	−8.5	89.8	29.0	81.8
—	−8.5	89.7	28.8	81.8
—	8.4	3.8	4.9	1.3

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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

HighlightsEnterprise Value Multiples Per 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	—	—	—	—	220.6
- Cash, Equiv & ST Investments	83.4	137.4	73.8	238.1	216.7
+ Total Debt	83.8	119.2	115.1	129.2	129.2
Enterprise Value	—	—	—	—	133.1
Net Debt (memo)	0.4	-18.3	41.3	-108.9	-87.5
EV per Share	—	—	—	—	120.94

Total Capital	105.8	158.2	198.5	213.5	218.6
Total Debt/Total Capital	79.23	75.31	57.96	60.49	59.10
Total Debt/EV	—	—	—	—	0.97

EV/Sales	—	—	—	—	1.31
EV/EBITDA	—	—	—	—	21.29
EV/EBIT	—	—	—	—	42.87
Reference Items — Trailing FY Values
Sales	177.1	140.0	120.7	85.0	101.3
EBITDA	58.5	35.7	29.5	8.7	6.3
EBIT	56.5	33.4	26.9	5.8	3.1
Operating Cash Flow	83.1	33.9	93.6	-0.1	—
Free Cash Flow	81.8	29.0	89.8	-8.5	-8.5
FCFF (free cash flow to the firm)	81.8	28.8	89.7	-8.5	—
Capital Expenditure	1.3	4.9	3.8	8.4	—

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%.