TRF share price
NSE: TRFBSE: 505854Industrial ManufacturingSmall Cap
Last close ₹197.86down ₹10.68 (5.12%)BSE ₹198.20
Share price at the NSE close on 23 Oct 2026. Previous close ₹208.54.
52-week range of traded prices to 23 Oct 2026
₹190.00Low, 9 Oct 2026₹349.90High, 27 Oct 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹218 Cr2,175th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 13 Oct 2026
- 4.3
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹46 crore of one-off items, the largest of them in the quarter to Sep 2026.
- 48.4
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 13 Oct 2026
- 2.4
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 13 Oct 2026
- 58.4%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹46 crore of one-off items, the largest of them in the quarter to Sep 2026.
- 5.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 13 Oct 2026
- 1.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026. The filing of 13 Oct 2026
- 1.53
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 16,01463.6% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Sep 2026, against the quarter beforeFiled 13 Oct
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹36 Crup 38.12%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹50 Crup 2,556.41%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 138.6%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
A loss in the year to Mar 2026, −₹4.47 CrA loss in 6 of the 10 years shown
The years either side of a change of basis do not compare. From the year to Mar 2018, the company's revenue for that year, ₹442 Cr, differs from its quarters added, ₹850 Cr. From the year to Mar 2020, the company reports a discontinued business.
| ₹ crore | Dec 2024Filed 30 Jan | Mar 2025Filed 10 Jun | Jun 2025Filed 28 Jul | Sep 2025Filed 28 Oct | Dec 2025Filed 29 Jan | Mar 2026Filed 12 May | Jun 2026Filed 16 Jul | Sep 2026Filed 13 Oct |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23.3 | 27.1 | 23.4 | 22.3 | 19.9 | 19.4 | 26.0 | 36.0 |
| Net profit | 11.3 | 3.5 | 3.5 | −6.8 | 5.7 | −6.9 | 1.9 | 49.8 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 48.3% | 13.0% | 15.0% | −30.5% | 28.9% | −35.6% | 7.2% | 138.6% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Products and ServicesProducts and Services, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹80.1 Crdown 23.92%93.8%
- Projects and ServicesProjects and Services, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹5.3 Crdown 66.06%6.2%
The pill is the change in revenue on the year before; the share is of all the businesses together.
Valuation
Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.PE ratio and valuation history
Price to earningsPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
At or below today's level on 99% of 924 trading days over the last 5 years.
LowestHighest
Its median13.8Industry median27.8
Price to bookPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
At or below today's level on 0.1% of 744 trading days over the last 3 years.
LowestHighest
Its median5.2Industry median2.8
EV to EBITDAEnterprise value to EBITDA. Market cap plus borrowings less cash and bank balances, divided by operating profit before depreciation (revenue less operating expenses, without other income and one-off items) over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly): what the whole business costs against the profit its operations make. Lease liabilities are not counted: the results filings do not state them.56.2
At or below today's level on 99% of 1,030 trading days since Aug 2022.
LowestHighest
Its median11.6Industry median18.0
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −38.1% | – | – | 0.0% |
| 3 years | +10.7% | – | – | 0.0% |
| 5 years | +20.6% | – | – | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.
Peers and competitors
Industrial Products, 191 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to TRF in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 GTV EngineeringGTV | 246 | 15.3 | – | – | +32.4% | +37.0% | 29.8% | 29.0% | 0.00% |
 Precision ElectronicsPRECISIO | 237 | – | 16.0 | 54.7 | +12.6% | −253.2% | −10.1% | 3.7% | 0.00% |
 Jasch Gauging TechnologiesJGTL | 230 | 15.2 | 2.3 | 9.2 | +12.8% | +3.4% | 16.1% | 14.8% | 3.94% |
 Josts Engineering Co.JOSTS | 224 | – | 1.4 | 14.1 | +2.8% | – | – | 6.4% | 2.64% |
 Revathi Equipment IndiaRVTH | 212 | 13.8 | 1.5 | 12.6 | – | – | 11.5% | 8.7% | 0.00% |
| IC Electricals CompanyICELCO | 195 | – | – | – | – | – | – | – | 0.00% |
 Innovators Facade SystemsINNOVATORS | 192 | 14.2 | 1.1 | – | +2.8% | −15.3% | 8.1% | – | 0.00% |
 Affordable Robotic & AutomationAFFORDABLE | 189 | 32.2 | – | – | – | – | 5.6% | 5.7% | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
| Ex-date | Type | Per share |
|---|---|---|
| 10 Jul 2012 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹4.00 |
| 5 Jul 2011 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.00 |
| 5 Jul 2010 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹7.50 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
Sep 2026
14 Sep · Management
TRF share price by year
Each calendar year to 2025.TRF share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 297.95 | −31.6% | 444.65 | 282.00 |
| 2024 | 435.65 | +71.8% | 662.55 | 239.15 |
| 2023 | 253.65 | +48.0% | 272.30 | 156.85 |
| 2022 | 171.40 | +25.4% | 375.40 | 108.55 |
| 2021 | 136.65 | +40.3% | 167.20 | 81.30 |
| 2020 | 97.40 | −18.3% | 136.35 | 46.00 |
| 2019 | 119.20 | −2.1% | 144.75 | 74.95 |
| 2018 | 121.75 | −52.8% | 286.85 | 102.80 |
| 2017 | 258.05 | +35.2% | 304.60 | 184.90 |
| 2016 | 190.90 | −55.8% | 428.00 | 185.90 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 209.15 | 209.15 | 196.00 | 197.86 | 199.51 | 16,014 | 63.6% |
| 22 Oct 2026 | 208.70 | 210.00 | 207.00 | 208.54 | 208.84 | 7,003 | 78.6% |
| 21 Oct 2026 | 215.07 | 216.26 | 205.36 | 208.70 | 211.52 | 8,590 | 66.0% |
| 19 Oct 2026 | 233.01 | 233.71 | 212.61 | 214.98 | 221.70 | 19,959 | 57.0% |
| 16 Oct 2026 | 224.45 | 237.85 | 221.00 | 232.40 | 233.07 | 81,358 | 48.2% |
| 15 Oct 2026 | 234.00 | 234.00 | 220.00 | 220.43 | 223.84 | 26,319 | 51.1% |
| 14 Oct 2026 | 226.10 | 248.00 | 224.00 | 230.22 | 237.77 | 3,40,189 | 25.0% |
| 13 Oct 2026 | 231.99 | 233.95 | 212.00 | 214.83 | 226.56 | 99,068 | 54.0% |
| 12 Oct 2026 | 216.00 | 234.94 | 215.00 | 227.89 | 227.91 | 75,419 | 51.5% |
| 9 Oct 2026 | 192.73 | 224.00 | 190.00 | 216.94 | 212.75 | 56,466 | 41.8% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 17 Aug 2015 | Price move | – | Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for. |
| 3 Aug 2009 | Price move | – | Between two trading sessions the price fell 47% or more, or rose 90% or more. No corporate action is on record. Earlier prices are not shown. |
Where an event has no factor that can be worked out, the chart leaves out the closes before it. Any other event is noted and not adjusted for.
Company details
- Legal name
- TRF Limited
- NSE symbol
- TRF
- BSE code
- 505854
- ISIN
- INE391D01019
- Industry
- Industrial Manufacturing
- Listed
- Sep 1978 on BSE, Jan 2010 on NSE
- Face value
- ₹10
- CIN
- L74210JH1962PLC000700
- Corporate identity number, the registrar of companies' code for it