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TRF Ltd

Capital Goods-Non Electrical Equipment | Small Cap

TRF Ltd Health Insights
Health Score : 5.15Health Score : 5.15

TRF Ltd, operating in the General Industrials (Capital Goods) sector, demonstrates a mixed financial performance. The company shows strengths in profitability, driven by robust gross profit margins and return on capital employed. Its financial health is also supported by positive adjusted and cash earnings per share, along with well-managed capital expenditures. However, the company faces challenges in solvency, indicated by a high debt ratio, while growth metrics, including revenue and operating profit, reflect declines. Efficiency ratios are also a concern, particularly regarding inventory and receivables management. Despite these weaknesses, TRF Ltd's ability to generate positive earnings and maintain healthy capital expenditures provides a foundation for potential future improvements.

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Overview
Ratio
Financial
TRF Ltd Health Insights
Health Score : 5.15Health Score : 5.15

TRF Ltd, operating in the General Industrials (Capital Goods) sector, demonstrates a mixed financial performance. The company shows strengths in profitability, driven by robust gross profit margins and return on capital employed. Its financial health is also supported by positive adjusted and cash earnings per share, along with well-managed capital expenditures. However, the company faces challenges in solvency, indicated by a high debt ratio, while growth metrics, including revenue and operating profit, reflect declines. Efficiency ratios are also a concern, particularly regarding inventory and receivables management. Despite these weaknesses, TRF Ltd's ability to generate positive earnings and maintain healthy capital expenditures provides a foundation for potential future improvements.

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Neutral

Overall Valuation Score

Highly Undervalued
Undervalued
Neutral
Overvalued
Highly Overvalued
Neutral

P/E RATIO (TTM)

26.05

Undervalued

Industry Median

29.81

Undervalued
Undervalued

Small Cap Median

28.73

Undervalued

P/E RATIO

11.60

P/B RATIO

3.52

Overvalued

Industry Median

4.45

Overvalued
Overvalued

Small Cap Median

4.37

Overvalued

P/S RATIO

2.47

Neutral

Industry Median

2.73

Neutral
Neutral

Small Cap Median

2.61

Neutral

Others

Undervalued

PEG RATIO

0.72

Undervalued
Undervalued

EV/EBITDA RATIO

4.71

Undervalued

The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹272 as on Feb 20, 2026.

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BidsOffers
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Growth Ratio Summary
Growth Ratio SummaryGrowth Score : 2.80

The growth ratios present a mixed view. While asset growth shows a positive trend, revenue, operating profit, EPS, and net income growth rates are declining. This suggests the company is expanding its asset base but struggling to generate corresponding growth in revenue and profits. The decline in profitability metrics could be a concern for investors.

PoorRevenue Growth RatePoor
PoorOperating Profit Growth RatePoor
PoorEarnings Per Share (EPS) GrowthPoor
ExcellentAsset Growth RateExcellent
PoorNet Income Growth RatePoor
Growth RatiosMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue Growth Rate11.5839.3-20.97-13.74-29.57
Operating Profit Growth Rate-89.67-1611.11-39-17.41-70.37
Earnings Per Share (EPS) Growth-75.25-484.43-60.94-25.45-117.32
Asset Growth Rate-13.36-14.64-1.419.632.79
Net Income Growth Rate-75.26-484.46-60.94-25.46-117.33
01.

Revenue Growth Rate

02.

Operating Profit Growth Rate

03.

Earnings Per Share (EPS) Growth

04.

Asset Growth Rate

05.

Net Income Growth Rate

Financial Ratio Summary
Financial Ratio SummaryFinancial Score : 7.60

The financial ratios reveal positive and negative aspects. Adjusted and cash earnings per share are strong, indicating profitability. However, the book value per share is negative, which is a concern. The company's capital expenditures are well-managed.

ExcellentAdjusted Earnings Per Share (Adjusted EPS)Excellent
ExcellentCash Earnings Per Share (Cash EPS)Excellent
PoorBook Value Per SharePoor
PoorDividend Per Share (DPS)Poor
ExcellentCapital Expenditures (CapEx)Excellent
Financial RatiosMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Adjusted Earnings Per Share (Adjusted EPS)-20.9577.826.9117.995.94
Cash Earnings Per Share (Cash EPS)-18.7582.3533.4925.74-1.42
Book Value Per Share-472.92-364.21-348.68-323.2276.7
Dividend Per Share (DPS)00000
Capital Expenditures (CapEx)11548
01.

Adjusted Earnings Per Share (Adjusted EPS)

02.

Cash Earnings Per Share (Cash EPS)

03.

Book Value Per Share

04.

Dividend Per Share (DPS)

05.

Capital Expenditures (CapEx)

Profitability Ratio Summary
Profitability Ratio SummaryProfitability Score : 7.30

The profitability ratios paint a generally positive picture. The gross profit margin and return on capital employed (ROCE) are strong, indicating efficient operations and effective use of capital. Return on assets (ROA) and net margin are also positive. Return on equity (ROE) is negative, which is a concern. The company is generating profits from its core operations.

ExcellentGross Profit MarginExcellent
ExcellentReturn on Capital Employed (ROCE)Excellent
PoorReturn on Equity (ROE)Poor
GoodReturn on Assets (ROA)Good
AverageOperating MarginAverage
GoodNet MarginGood
Profitability RatiosMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Profit Margin-4.9531.8923.8922.316.84
Return on Capital Employed (ROCE)-1.63188.3937.5921.8110.54
Return on Equity (ROE)-5.3
Return on Assets (ROA)-1.0518.6311.528.682.5
Operating Margin-3.0433.0225.4924.410.27
Net Margin-18.1250.0224.7221.36-5.26
01.

Gross Profit Margin

02.

Return on Capital Employed (ROCE)

03.

Return on Equity (ROE)

04.

Return on Assets (ROA)

05.

Operating Margin

06.

Net Margin

Efficiency Ratio Summary
Efficiency Ratio SummaryEfficiency Score : 2.00

The efficiency ratios suggest areas of concern. The inventory turnover and receivables turnover are low, indicating slow-moving inventory and delayed payments from customers. The days sales in inventory and receivable days are high, reflecting inefficiencies in managing inventory and collecting receivables. This could tie up capital and increase the risk of losses.

PoorInventory Turnover RatioPoor
PoorReceivables Turnover RatioPoor
PoorDays Sales in Inventory RatioPoor
PoorReceivable DaysPoor
Efficiency RatiosMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Fixed Asset Turnover Ratio7.0210.317.25.863.31
Inventory Turnover Ratio4.37.6413.318.5510.09
Receivables Turnover Ratio0.771.751.731.863.05
Days Sales in Inventory Ratio84.8847.7727.4419.6836.17
Receivable Days474.03208.57210.98196.24119.67
Capital Turnover Ratio-0.27-0.46-0.39-0.380.4
01.

Inventory Turnover Ratio

02.

Receivables Turnover Ratio

03.

Days Sales in Inventory Ratio

04.

Receivable Days

Coverage Ratio Summary
Coverage Ratio SummaryCoverage Score : 6.00

The coverage ratio suggests the company is able to meet the interest obligations. It indicates the company's ability to cover its interest expenses with its earnings. The company can comfortably handle its debt obligations.

AverageInterest Coverage RatioAverage
PoorEquity Dividend Coverage RatioPoor
Coverage RatiosMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Interest Coverage Ratio0.254.313.653.20.7
Equity Dividend Coverage Ratio
01.

Interest Coverage Ratio

02.

Equity Dividend Coverage Ratio

Solvency Ratio Summary
Solvency Ratio SummarySolvency Score : 6.36

The company's solvency presents a mixed picture. The high debt ratio suggests a reliance on borrowing, which could increase financial risk. However, the Debt to Equity Ratio does not have a score, indicating that the company's liabilities are completely offset by negative equity. The interest coverage ratio is average, showing the company's capacity to meet its interest obligations from its earnings.

PoorDebt RatioPoor
ExcellentDebt to Equity RatioExcellent
AverageInterest Coverage RatioAverage
Solvency RatiosMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debt Ratio-1.444.733.872.790.6
Debt to Equity Ratio-0.59-1.27-1.35-1.561.5
Equity Ratio2.44-3.73-2.87-1.790.4
Debt To Asset Ratio0.831.621.671.630.37
01.

Debt Ratio

02.

Debt to Equity Ratio

03.

Interest Coverage Ratio

Liquidity Ratio Summary
Liquidity Ratio SummaryLiquidity Score : 0.00

The liquidity position of the company cannot be determined due to lack of information.

AverageCurrent RatioAverage
AverageQuick RatioAverage
AverageCash RatioAverage
Liquidity RatiosMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Current Ratio0.61.131.282.120.7
Quick Ratio0.561.081.242.090.62
Cash Ratio0.040.110.411.370.09
Operating Cash Flow Ratio-0.060.40.190.670
01.

Current Ratio

02.

Quick Ratio

03.

Cash Ratio

Peer Comparison With 1 Companies

Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.

NO Company Name Health Score P/E Ratio Valuation OPM EPS Latest Profit & Loss
1TRF Ltd5.1511.60Neutral8.731.92-4.47
Management Assessment Summary
OrangeBalanced Management

TRF Ltd's management effectiveness is a mix of strengths and weaknesses. The company benefits from a strong ROCE and improved OPM, indicating efficient capital use and operational performance. However, sales and profit growth inconsistencies raise concerns. High debt levels and fluctuating financial figures suggest potential challenges in financial management. The stable promoter holding shows consistent confidence. Sustaining the recent improvements in operating profit margin and return on capital employed is crucial for a more stable performance trend.

Category Metric Value Assessment
PROS ROCE 46.45 Capital being used productively
OPM 20.67% Improving operational efficiency
CONS Sales Growth -16.73% Inconsistent revenue expansion
Profit Growth -64% Weak profit growth
AverageFinancial Performance & GrowthAverage
GoodCapital Efficiency & ReturnsGood
WeakFinancial Health & PrudenceWeak
GoodShareholding & Ownership StructureGood
01.

Financial Performance & Growth

02.

Capital Efficiency & Returns

03.

Financial Health & Prudence

04.

Shareholding & Ownership Structure

Risk Assessment Summary
OrangeBalanced Risk

The overall risk assessment for TRF Ltd is orange, indicating moderate risk. The company faces fluctuating sales and profit growth, high debt levels, and inconsistent cash flows, which pose significant challenges. On the other hand, the company's high ROCE and improving OPM provide some stability.

AverageOff-balance sheet exposure quantificationAverage
AverageContingent liability evaluationAverage
AverageSegment performance volatilityAverage
01.

Off-balance sheet exposure quantification

02.

Contingent liability evaluation

03.

Segment performance volatility

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Overall Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Bullish

Market Sentiment

Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe

Trend Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Strong Bullish

Momentum Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Neutral

Volatility Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Bearish

Volume Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Neutral

Trend Indicators (14)
  1. IndicatorValueSignal
  2. SMA 10234.99Bullish
  3. SMA 20234.53Bullish
  4. SMA 50231.20Bullish
  5. EMA 10234.74Bullish
  6. EMA 20234.32Bullish
  7. EMA 50232.50Bullish
  8. DEMA 10234.94Bullish
  9. DEMA 20235.51Bullish
  10. DEMA 50234.28Bullish
  11. TEMA 10234.86Bullish
  12. TEMA 20234.99Bullish
  13. TEMA 50236.69Bullish
  14. MACD0.79Bearish
  15. ADX30.57Strong Trend
Momentum Indicators (7)
  1. IndicatorValueSignal
  2. RSI61.53Neutral
  3. CCI47.48Neutral
  4. ROC 9-0.01Bearish
  5. ROC 141.41Bullish
  6. ROC 251.18Bullish
  7. Stoch K42.55Neutral
  8. Stoch D34.43Neutral
Volatility Indicators (4)
  1. IndicatorValueSignal
  2. BB Upper237.73Neutral
  3. BB Middle234.53Neutral
  4. BB Lower231.33Neutral
  5. ATR2.98High Volatility
Volume Indicators (1)
  1. IndicatorValueSignal
  2. MFI67.34Neutral

Overall Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Bullish

Market Sentiment

Analysis Driven By 26 Technical Indicators From The 2 Hours Timeframe

Trend Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Strong Bullish

Momentum Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Bullish

Volatility Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Bearish

Volume Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Neutral

Trend Indicators (14)
  1. IndicatorValueSignal
  2. SMA 10234.89Bullish
  3. SMA 20234.43Bullish
  4. SMA 50229.74Bullish
  5. EMA 10234.68Bullish
  6. EMA 20233.40Bullish
  7. EMA 50232.36Bullish
  8. DEMA 10235.68Bullish
  9. DEMA 20235.67Bullish
  10. DEMA 50230.70Bullish
  11. TEMA 10235.32Bullish
  12. TEMA 20236.60Bullish
  13. TEMA 50234.34Bullish
  14. MACD1.66Bearish
  15. ADX19.50Weak Trend
Momentum Indicators (7)
  1. IndicatorValueSignal
  2. RSI59.89Neutral
  3. CCI70.05Neutral
  4. ROC 91.76Bullish
  5. ROC 141.50Bullish
  6. ROC 257.66Bullish
  7. Stoch K57.01Neutral
  8. Stoch D54.04Neutral
Volatility Indicators (4)
  1. IndicatorValueSignal
  2. BB Upper237.52Neutral
  3. BB Middle234.43Neutral
  4. BB Lower231.34Neutral
  5. ATR4.14High Volatility
Volume Indicators (1)
  1. IndicatorValueSignal
  2. MFI35.25Neutral

Overall Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Bullish

Market Sentiment

Analysis Driven By 26 Technical Indicators From The 4 Hours Timeframe

Trend Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Strong Bullish

Momentum Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Bullish

Volatility Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Bullish

Volume Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Neutral

Trend Indicators (14)
  1. IndicatorValueSignal
  2. SMA 10234.68Bullish
  3. SMA 20229.61Bullish
  4. SMA 50232.77Bullish
  5. EMA 10233.78Bullish
  6. EMA 20232.49Bullish
  7. EMA 50235.53Bullish
  8. DEMA 10236.05Bullish
  9. DEMA 20232.80Bullish
  10. DEMA 50228.72Bullish
  11. TEMA 10236.95Bearish
  12. TEMA 20236.17Bullish
  13. TEMA 50N/AN/A
  14. MACD0.64Bullish
  15. ADX15.78Weak Trend
Momentum Indicators (7)
  1. IndicatorValueSignal
  2. RSI55.61Neutral
  3. CCI80.50Neutral
  4. ROC 90.77Bullish
  5. ROC 145.78Bullish
  6. ROC 252.58Bullish
  7. Stoch K74.86Neutral
  8. Stoch D78.49Neutral
Volatility Indicators (4)
  1. IndicatorValueSignal
  2. BB Upper240.83Neutral
  3. BB Middle229.61Neutral
  4. BB Lower218.39Neutral
  5. ATR6.58Low Volatility
Volume Indicators (1)
  1. IndicatorValueSignal
  2. MFI56.83Neutral

Overall Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Neutral

Market Sentiment

Analysis Driven By 33 Technical Indicators From The 1 Day Timeframe

Trend Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Neutral

Momentum Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Neutral

Volatility Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Bearish

Volume Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Neutral

Trend Indicators (22)
  1. IndicatorValueSignal
  2. SMA 10229.02Bullish
  3. SMA 20231.83Bullish
  4. SMA 50248.34Bearish
  5. SMA 100251.12Bearish
  6. SMA 200285.32Bearish
  7. EMA 10232.02Bullish
  8. EMA 20233.88Bearish
  9. EMA 50242.08Bearish
  10. EMA 100255.06Bearish
  11. EMA 200281.72Bearish
  12. DEMA 10232.42Bullish
  13. DEMA 20228.20Bullish
  14. DEMA 50229.98Bullish
  15. DEMA 100228.10Bullish
  16. DEMA 200232.97Bullish
  17. TEMA 10235.43Bearish
  18. TEMA 20229.33Bullish
  19. TEMA 50229.83Bullish
  20. TEMA 100229.45Bullish
  21. TEMA 200219.16Bullish
  22. MACD-3.63Bullish
  23. ADX16.09Weak Trend
Momentum Indicators (6)
  1. IndicatorValueSignal
  2. RSI48.03Neutral
  3. CCI44.99Neutral
  4. ROC 143.48Bullish
  5. ROC 25-2.66Bearish
  6. Stoch K66.24Neutral
  7. Stoch D63.65Neutral
Volatility Indicators (4)
  1. IndicatorValueSignal
  2. BB Upper244.22Neutral
  3. BB Middle231.83Neutral
  4. BB Lower219.44Neutral
  5. ATR10.27High Volatility
Volume Indicators (1)
  1. IndicatorValueSignal
  2. MFI53.57Neutral

Overall Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Bearish

Market Sentiment

Analysis Driven By 21 Technical Indicators From The 1 Week Timeframe

Trend Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Strong Bearish

Momentum Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Neutral

Volatility Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Bullish

Volume Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Neutral

Trend Indicators (10)
  1. IndicatorValueSignal
  2. SMA 20250.64Bearish
  3. SMA 50296.15Bearish
  4. EMA 20254.58Bearish
  5. EMA 50290.87Bearish
  6. DEMA 20230.66Bearish
  7. DEMA 50241.06Bearish
  8. TEMA 20232.44Bearish
  9. TEMA 50217.76Bullish
  10. MACD-17.29Bullish
  11. ADX13.07Weak Trend
Momentum Indicators (6)
  1. IndicatorValueSignal
  2. RSI37.50Neutral
  3. CCI-122.81Oversold
  4. ROC 14-3.93Bearish
  5. ROC 25-25.36Bearish
  6. Stoch K23.89Neutral
  7. Stoch D27.12Neutral
Volatility Indicators (4)
  1. IndicatorValueSignal
  2. BB Upper286.66Neutral
  3. BB Middle250.64Neutral
  4. BB Lower214.63Neutral
  5. ATR24.02Low Volatility
Volume Indicators (1)
  1. IndicatorValueSignal
  2. MFI27.93Neutral

Overall Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Neutral

Market Sentiment

Analysis Driven By 25 Technical Indicators From The 1 Month Timeframe

Trend Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Bearish

Momentum Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Neutral

Volatility Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Bullish

Volume Score

Strong Bearish

Bearish

Neutral

Bullish

Strong Bullish

Neutral

Trend Indicators (14)
  1. IndicatorValueSignal
  2. SMA 6262.39Bearish
  3. SMA 12299.51Bearish
  4. SMA 24369.24Bearish
  5. EMA 6263.28Bearish
  6. EMA 12293.33Bearish
  7. EMA 24317.64Bearish
  8. DEMA 6235.87Bullish
  9. DEMA 12247.82Bearish
  10. DEMA 24309.67Bearish
  11. TEMA 6236.13Bullish
  12. TEMA 12225.10Bullish
  13. TEMA 24257.89Bearish
  14. MACD17.65Bearish
  15. ADX26.68Strong Trend
Momentum Indicators (6)
  1. IndicatorValueSignal
  2. RSI46.88Neutral
  3. CCI-33.04Neutral
  4. ROC 25-60.23Bearish
  5. ROC 5077.60Bullish
  6. Stoch K17.44Oversold
  7. Stoch D37.83Neutral
Volatility Indicators (4)
  1. IndicatorValueSignal
  2. BB Upper462.08Neutral
  3. BB Middle336.50Neutral
  4. BB Lower210.92Neutral
  5. ATR70.70Low Volatility
Volume Indicators (1)
  1. IndicatorValueSignal
  2. MFI70.40Neutral