Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of TRF Ltd

About the Company - TRF Ltd

TRF Ltd. is a Public Limited Listed company incorporated on 20/11/1962 and has its registered office in the State of Jharkand, India. Company’s Corporate Identification Number(CIN) is L74210JH1962PLC000700 and registration number is 000700. Currently company belongs to the Industry of Engineering - Heavy. Company’s Total Operating Revenue is Rs. 127.14 Cr. and Equity Capital is Rs. 11.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - Heavy11, Station Road, Burmamines, Jamshedpur Jharkand 831007comp_sec@trf.co.in
http://www.trf.co.in
Management
NamePosition Held
Mr. T V NarendranChairman
Mr. Alok KrishnaManaging Director
Mr. Koushik ChatterjeeInd. Non-Executive Director
Mr. Avneesh GuptaInd. Non-Executive Director
Mr. Ranaveer SinhaIndependent Director
Mr. Sabyasachi HajaraIndependent Director
Mrs. Ramya HariharanIndependent Director
Mr. Krishnava Satyaki DuttIndependent Director
Dr. Ansuman DasIndependent Director
Mr. Sanjib NandaNon Exe.Non Ind.Director

TRF Ltd. Share Price Update

Share PriceValue
Today₹433.45
Previous Day₹394.05

Basic Stock Data of TRF Ltd

Market Cap 558 Cr.
Current Price 507
High / Low510/153
Stock P/E12.0
Book Value 44.4
Dividend Yield0.00 %
ROCE188 %
ROE%
Face Value 10.0

Data Source: screener.in

Competitors of TRF Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Windsor Machines Ltd 549 Cr. 84.5105/34.660.6 42.11.18 %6.77 %1.65 % 2.00
Texmaco Rail & Engineering Ltd 7,333 Cr. 191232/40.588.1 35.90.08 %6.63 %1.47 % 1.00
TD Power Systems Ltd (TDPS) 4,613 Cr. 295314/13737.3 42.00.17 %22.1 %16.9 % 2.00
Suzlon Energy Ltd 59,767 Cr. 44.350.7/6.95121 2.530.00 %20.8 %% 2.00
Titagarh Rail Systems Ltd 12,632 Cr. 9381,249/21649.5 1030.05 %17.6 %13.9 % 2.00
Industry Average16,978.80 Cr310.5671.3045.110.30%14.78%6.78%1.80

TRF Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales25196016204249415443393439
Expenses37586127244935272433352431
Operating Profit-12-39-1-11-4-7151530104109
OPM %-49%-210%-2%-72%-22%-16%30%35%55%24%10%29%22%
Other Income1990-2119133043313
Interest88148886865633
Depreciation1111111110001
Profit before tax-19-39-7-20-15-1527195391918
Tax %-0%0%0%0%0%0%-0%0%0%0%-1,065%0%0%
Net Profit-20-39-7-20-15-1527195397918
EPS in Rs-17.72-35.07-6.26-18.06-13.59-13.4924.2117.2448.488.136.677.9616.66

TRF Ltd Quarterly Chart

TRF Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,3091,1001,1631,113962550432223185114127177155
Expenses1,2371,1291,1621,197946585575314339151131119122
Operating Profit72-290-8416-35-143-91-154-37-45833
OPM %5%-3%0%-8%2%-6%-33%-41%-83%-33%-3%33%21%
Other Income784410112434512010-15145023
Interest40555958574849613738312517
Depreciation111212141065333222
Profit before tax27-88-27-54-39-45-152-35-185-93-238237
Tax %51%-4%-6%-16%-5%47%12%-0%-0%-0%0%-8%
Net Profit13-91-28-63-41-24-134-35-185-93-238943
EPS in Rs11.99-83.32-26.23-59.05-37.15-21.90-121.87-31.41-168.14-84.61-20.9480.5039.42
Dividend Payout %33%0%0%0%0%0%0%0%0%0%0%0%

TRF Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-800.00%69.23%-125.00%34.92%41.46%-458.33%73.88%-428.57%49.73%75.27%486.96%
Change in YoY Net Profit Growth (%)0.00%869.23%-194.23%159.92%6.54%-499.80%532.21%-502.45%478.30%25.54%411.69%

TRF Ltd Growth

Compounded Sales Growth
10 Years:-17%
5 Years:-16%
3 Years:-2%
TTM:-25%
Compounded Profit Growth
10 Years:11%
5 Years:21%
3 Years:35%
TTM:-55%
Stock Price CAGR
10 Years:13%
5 Years:31%
3 Years:62%
1 Year:161%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

TRF Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11111111111111111111111111
Reserves1506645-27-60-92-212-238-417-508-531-41238
Preference Capital0000000250250256250489
Borrowings5035886256026215613992072812382731890
Other Liabilities562711625782730718893700695684615709199
Total Liabilities1,2261,3761,3061,3681,3021,1981,091680570424368327337
Fixed Assets2582682822452262091941132320181718
CWIP1300011100000
Investments3300181819280116297
Other Assets9651,1021,0241,1221,058970877539547404349248221
Total Assets1,2261,3761,3061,3681,3021,1981,091680570424368327337

TRF Ltd Reserves and Borrowings Chart

TRF Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 62113758211155-107-5621-3883
Cash from Investing Activity -152-9394742251341616-50
Cash from Financing Activity 109-9-85-88-34-109-70-1164-799-30
Net Cash Flow19-7-917-2831016102-223

TRF Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days153206190209242366321490433616400211
Inventory Days91154104143148243130355434554245229
Days Payable1682041622202434594011,0511,5692,3961,4731,378
Cash Conversion Cycle7615613213214615050-207-701-1,227-828-938
Working Capital Days7391100779065146-83-81-247-207-1
ROCE %11%-5%0%-6%3%-0%-30%-5%-83%-58%188%

TRF Ltd Financial Efficiency Indicators Chart

TRF Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters34.12%34.12%34.12%34.12%34.12%34.12%34.12%34.12%34.12%34.12%34.12%34.12%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.22%2.04%3.27%0.00%0.00%
DIIs2.00%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%
Public63.88%65.85%65.85%65.85%65.85%65.85%65.86%65.64%63.80%62.57%65.85%65.85%
No. of Shareholders21,05520,04820,80320,33120,19020,07623,66223,72622,45222,29727,47628,260

TRF Ltd Shareholding Pattern Chart

No. of TRF Ltd Shareholders

This stock is not held by any mutual fund

TRF Ltd ROCE Trend

TRF Ltd EPS Trend

TRF Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)80.49-20.94-59.54-168.15-31.68
Diluted EPS (Rs.)71.14-20.94-59.54-168.15-31.68
Cash EPS (Rs.)82.32-18.74-82.12-165.14-40.53
Book Value[Excl.RevalReserv]/Share (Rs.)19.98-267.09-246.16-162.97-0.53
Book Value[Incl.RevalReserv]/Share (Rs.)19.98-267.09-246.16-162.97-0.53
Revenue From Operations / Share (Rs.)160.94115.53103.55169.40317.32
PBDIT / Share (Rs.)97.7815.38-30.02-83.37-57.41
PBIT / Share (Rs.)95.9513.19-32.51-86.37-61.61
PBT / Share (Rs.)73.46-14.64-59.51-120.38-106.49
Net Profit / Share (Rs.)80.49-20.94-84.61-168.15-44.73
NP After MI And SOA / Share (Rs.)80.49-20.94-84.61-168.15-31.41
PBDIT Margin (%)60.7513.31-28.99-49.21-18.09
PBIT Margin (%)59.6211.41-31.39-50.98-19.41
PBT Margin (%)45.64-12.66-57.47-71.06-33.55
Net Profit Margin (%)50.01-18.12-81.71-99.26-14.09
NP After MI And SOA Margin (%)50.01-18.12-81.71-99.26-9.89
Return on Networth / Equity (%)402.910.000.000.000.00
Return on Capital Employeed (%)82.77-7.4817.4078.08-171.80
Return On Assets (%)27.11-6.26-21.93-32.45-5.07
Long Term Debt / Equity (X)3.81-0.27-0.15-0.20-1.78
Total Debt / Equity (X)3.81-1.01-0.89-1.49-293.56
Asset Turnover Ratio (%)0.510.340.230.310.28
Current Ratio (X)1.410.520.550.710.74
Quick Ratio (X)1.360.480.490.620.61
Inventory Turnover Ratio (X)0.670.450.410.590.95
Interest Coverage Ratio (X)4.350.55-0.86-2.45-0.99
Interest Coverage Ratio (Post Tax) (X)4.540.47-0.94-2.54-1.09
Enterprise Value (Cr.)237.72422.78315.47251.30266.64
EV / Net Operating Revenue (X)1.343.332.771.350.76
EV / EBITDA (X)2.2124.97-9.55-2.74-4.22
MarketCap / Net Operating Revenue (X)0.991.180.820.300.37
Price / BV (X)8.02-0.50-0.34-0.31-222.85
Price / Net Operating Revenue (X)0.991.180.820.300.37
EarningsYield0.50-0.15-0.99-3.26-0.26

TRF Ltd Profitability Ratios (%)

TRF Ltd Liquidity Ratios

TRF Ltd Liquidity Ratios (%)

TRF Ltd Interest Coverage Ratios (X)

TRF Ltd Valuation Ratios

Fair Value / Intrinsic Value of TRF Ltd

Fair Value: ₹81.52

The stock is overvalued by 83.92% compared to the current price ₹507

*Investments are subject to market risks

Strength and Weakness of TRF Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of 1.92, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -152.75, which is a positive sign.
  1. The stock is trading at a high valuation with an average P/B ratio of -14.27 and average Dividend Yield of -6.15%.
  2. The stock has a low average ROCE of 1.25%, which may not be favorable.
  3. The company has higher borrowings (115.00) compared to reserves (-169.08), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (225.31) and profit (-45.77).

Should I Buy TRF Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in TRF Ltd:
    1. Net Profit Margin: 50.01%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 82.77% (Industry Average ROCE: 17.91%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 4.54
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 1.36
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 12.0 (Industry average Stock P/E: 48.18)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✗ Total Debt / Equity: 3.81
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in TRF Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE