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TRF TRF.NS · INR

Industrials · NSE · 🇮🇳 India

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202.65

+0.93%

Close of 9 Nov 2026, in INR

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in INR, from our data supplier.

FY2026

Revenue

₹850.3m

FY2017FY2026

Net income

−₹44.7m

FY2017FY2026

Free cash flow

₹45.5m

FY2017FY2026

Shareholders' equity

₹843.7m

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue₹850.3m₹1.21bn₹1.40bn₹1.77bn₹1.27bn₹1.14bn₹1.86bn₹3.42bn₹4.39bn₹9.63bn
Research and development——————₹25,000₹1.2m₹10.5m₹73.7m
Operating income−₹22.8m₹433.0m₹472.9m₹1.04bn₹32.6m−₹274.9m−₹950.5m−₹894.5m−₹1.36bn−₹279.9m
Net income−₹44.7m₹257.9m₹346.0m₹885.8m−₹230.4m−₹931.1m−₹1.85bn−₹345.7m−₹1.34bn−₹241.0m
Diluted earnings per share-4.0723.4431.4580.49-18.25-84.59-168.13-31.40-121.86-21.89

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets₹3.49bn₹3.39bn₹3.10bn₹3.14bn₹3.68bn₹4.24bn₹5.70bn₹6.81bn₹10.91bn₹12.00bn
Cash and short-term investments₹2.38bn₹2.12bn₹1.37bn₹834.7m₹194.8m₹191.7m₹618.5m₹366.4m₹276.7m₹511.1m
Total liabilities₹2.64bn₹2.56bn₹2.70bn₹2.92bn₹6.62bn₹6.95bn₹7.50bn₹6.81bn₹12.91bn₹12.81bn
Debt₹1.30bn₹402.2m₹1.19bn₹184.2m₹2.96bn₹2.62bn₹2.90bn₹2.26bn₹3.30bn₹5.63bn
Shareholders' equity₹843.7m₹834.7m₹390.6m₹219.8m−₹2.94bn−₹2.71bn−₹1.79bn−₹5.9m−₹2.01bn−₹813.7m
Shares outstanding11m11m11m11m13m11m11m11m11m11m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations₹129.5m₹935.6m₹319.5m₹831.0m−₹376.8m₹209.6m−₹557.5m−₹1.07bn₹552.2m₹1.11bn
Capital spending−₹84.0m−₹38.0m−₹49.2m−₹13.3m−₹1.8m−₹4.1m−₹7.6m−₹26.5m−₹43.5m−₹52.2m
Free cash flow₹45.5m₹897.7m₹270.3m₹817.6m−₹378.6m₹205.6m−₹565.1m−₹1.10bn₹508.7m₹1.05bn
Dividends paid———————−₹252,000−₹4.7m−₹4.7m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue₹260.3m₹193.9m₹198.9m₹223.4m₹234.2m₹271.1m₹230.6m₹326.9m
Operating income₹4.8m−₹117.5m₹95.7m₹69.4m₹45.0m₹143.2m₹148.7m₹61.3m
Net income₹18.8m−₹69.1m₹57.4m−₹68.1m₹35.1m₹35.2m₹112.7m₹60.2m
Diluted earnings per share1.71-6.305.22-6.193.193.2010.245.48
Cash from operations———−₹9.0m—−₹45.0m—−₹16.0m
Capital spending———−₹41.0m—−₹2.0m—−₹1.0m
Free cash flow———−₹50.0m—−₹47.0m—−₹17.0m
Total assets—₹3.49bn—₹3.43bn—₹3.39bn—₹3.15bn
Cash and short-term investments—₹2.38bn₹2.15bn₹2.15bn₹738.2m₹2.12bn₹2.08bn₹2.09bn
Debt—₹1.29bn—₹337.2m—₹412.7m—₹392.2m
Shareholders' equity—₹843.7m₹850.9m₹850.9m₹834.7m₹834.7m₹700.4m₹700.4m

Financial ratios

Data as of 24 Oct 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin-2.7%22.8%39.7%58.4%16.9%-52.0%—————
Net margin-5.3%21.4%24.7%49.9%-18.1%-81.7%—————
Return on equity-5.3%30.9%88.6%402.9%7.8%34.4%—————
Return on assets-1.3%7.6%11.2%28.2%-6.3%-21.9%—————
Free cash flow yield9.8%44.7%16.9%38.8%-15.0%9.8%—————
Revenue growth-29.6%-13.7%-21.1%39.5%11.6%-38.9%—————
Earnings growth-117.3%-25.5%-60.9%-484.4%-75.3%-49.7%—————
Current ratio2.67x2.23x1.74x1.44x0.53x0.56x—————
Debt to equity1.53x1.38x3.05x3.82x-0.88x-0.96x—————
Equity ratio24.2%24.6%12.6%7.0%-79.9%-63.8%—————
Interest coverage-0.15x1.96x4.22x4.19x0.70x-1.56x—————
R&D as a share of sales——————0.0%0.0%0.2%0.8%0.3%
Buybacks as a share of market value0.0%-0.0%0.0%12.8%-14.7%-0.0%—————

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-21.7%-5.7%-22.7%
Operating income—-39.2%-22.2%
Net income—-45.5%-18.9%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin19.9%36.7%22.0%-5.5%
Net margin10.4%27.6%3.7%-10.1%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings-50.312.713.83.1-9.4-1.6-0.6-3.8-1.0-11.8
Price to sales2.62.73.41.61.71.30.60.40.30.3

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 10 Jul 2012.

FY2013FY2012FY2011
Paid in the year4.002.007.50

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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