TRF Ltd
Incorporated in 1962, TRF Ltd undertakes turnkey projects of material handling for tinfrastructure sector and is engaged in production of such material handling equipments along with provding services relating to design and engineering, super vision, etc.[1]
- Market Cap ₹ 644 Cr.
- Current Price ₹ 585
- High / Low ₹ 670 / 159
- Stock P/E 16.3
- Book Value ₹ 35.5
- Dividend Yield 0.00 %
- ROCE 14.7 %
- ROE %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 20.6% CAGR over last 5 years
Cons
- Stock is trading at 16.5 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -8.90% over past five years.
- Promoter holding is low: 34.1%
- Tax rate seems low
- Earnings include an other income of Rs.17.1 Cr.
- Company has high debtors of 258 days.
- Working capital days have increased from -11.0 days to 175 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Capital Goods-Non Electrical Equipment Industry: Engineering
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,100 | 1,163 | 1,113 | 962 | 550 | 432 | 223 | 185 | 114 | 127 | 177 | 140 | |
1,129 | 1,162 | 1,197 | 946 | 585 | 575 | 314 | 339 | 151 | 131 | 119 | 104 | |
Operating Profit | -29 | 0 | -84 | 16 | -35 | -143 | -91 | -154 | -37 | -4 | 58 | 36 |
OPM % | -3% | 0% | -8% | 2% | -6% | -33% | -41% | -83% | -33% | -3% | 33% | 25% |
8 | 44 | 101 | 12 | 43 | 45 | 120 | 10 | -15 | 14 | 50 | 17 | |
Interest | 55 | 59 | 58 | 57 | 48 | 49 | 61 | 37 | 38 | 31 | 25 | 14 |
Depreciation | 12 | 12 | 14 | 10 | 6 | 5 | 3 | 3 | 3 | 2 | 2 | 2 |
Profit before tax | -88 | -27 | -54 | -39 | -45 | -152 | -35 | -185 | -93 | -23 | 82 | 37 |
Tax % | -4% | -6% | -16% | -5% | 47% | 12% | -0% | -0% | -0% | 0% | -8% | 6% |
-91 | -28 | -63 | -41 | -24 | -134 | -35 | -185 | -93 | -23 | 89 | 35 | |
EPS in Rs | -83.32 | -26.23 | -59.05 | -37.15 | -21.90 | -121.87 | -31.41 | -168.14 | -84.61 | -20.94 | 80.50 | 31.44 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -19% |
5 Years: | -9% |
3 Years: | 7% |
TTM: | -21% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 21% |
3 Years: | 34% |
TTM: | -54% |
Stock Price CAGR | |
---|---|
10 Years: | 9% |
5 Years: | 36% |
3 Years: | 82% |
1 Year: | 266% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | % |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
Reserves | 66 | 45 | -27 | -60 | -92 | -212 | -238 | -417 | -508 | -531 | -412 | 28 |
Preference Capital | 0 | 0 | 0 | 0 | 0 | 0 | 250 | 250 | 256 | 250 | 489 | |
588 | 625 | 602 | 621 | 561 | 399 | 207 | 281 | 238 | 273 | 18 | 119 | |
711 | 625 | 782 | 730 | 718 | 893 | 700 | 695 | 684 | 615 | 709 | 151 | |
Total Liabilities | 1,376 | 1,306 | 1,368 | 1,302 | 1,198 | 1,091 | 680 | 570 | 424 | 368 | 327 | 310 |
268 | 282 | 245 | 226 | 209 | 194 | 113 | 23 | 20 | 18 | 17 | 19 | |
CWIP | 3 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
Investments | 3 | 0 | 0 | 18 | 18 | 19 | 28 | 0 | 1 | 1 | 62 | 66 |
1,102 | 1,024 | 1,122 | 1,058 | 970 | 877 | 539 | 547 | 404 | 349 | 248 | 225 | |
Total Assets | 1,376 | 1,306 | 1,368 | 1,302 | 1,198 | 1,091 | 680 | 570 | 424 | 368 | 327 | 310 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
11 | 37 | 58 | 2 | 111 | 55 | -107 | -56 | 21 | -38 | 83 | 34 | |
-9 | 39 | 47 | 4 | 2 | 25 | 134 | 1 | 61 | 6 | -50 | 16 | |
-9 | -85 | -88 | -34 | -109 | -70 | -11 | 64 | -79 | 9 | -30 | 0 | |
Net Cash Flow | -7 | -9 | 17 | -28 | 3 | 10 | 16 | 10 | 2 | -22 | 3 | 50 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 206 | 190 | 209 | 242 | 366 | 321 | 490 | 433 | 616 | 400 | 211 | 258 |
Inventory Days | 154 | 104 | 143 | 148 | 243 | 130 | 355 | 434 | 554 | 245 | 229 | 130 |
Days Payable | 204 | 162 | 220 | 243 | 459 | 401 | 1,051 | 1,569 | 2,396 | 1,473 | 1,378 | 1,193 |
Cash Conversion Cycle | 156 | 132 | 132 | 146 | 150 | 50 | -207 | -701 | -1,227 | -828 | -938 | -806 |
Working Capital Days | 91 | 100 | 77 | 90 | 65 | 146 | -83 | -81 | -247 | -207 | -1 | 175 |
ROCE % | -5% | 0% | -6% | 3% | -0% | -30% | -5% | -83% | -58% | 188% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper Advertisement- Results for the quarter and financial year ended March 31, 2024
- Announcement under Regulation 30 (LODR)-Change in Directorate 15 May
-
Announcement under Regulation 30 (LODR)-Resignation of Director
15 May - Resignation of Mr. Avneesh Gupta as the Non-Executive, Non-Independent Director effective May 15, 2024 (close of business hours)
-
Announcement under Regulation 30 (LODR)-Resignation of Chairman
15 May - Resignation of Mr. Avneesh Gupta as the Chairperson of the Board effective May 15, 2024 (close of business hours)
- Outcome Of Board Meeting 15 May
Annual reports
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Financial Year 2023
from web
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2012
from nse
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Financial Year 2011
from bse
Concalls
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Jun 2021TranscriptPPT
Business Overview:[1][2]
TRFL is promoted by TATA group, with TATA Steel Limited holding 34.11% stake. It has executed various electromechanical jobs for bulk material handling equipment. Company has manufacturing facility along with design and engineering team in Jamshedpur to work in areas of:
a) Electromechanical jobs
b) Industrial structure and fabrication
c) Life Cycle Services and allied services