TRF Limited (505854) fair value: what the stock is really worth
We calculate from audited financials what TRF Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Watch TRF Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for free
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range ₹82.20 – ₹657.05 · fair‑value band ₹255.19 – ₹511.14 · the ₹222.20 price screens below the ₹353.71 fair value. Dashed = 300-day average. As of Sep 13, 2026.
TRF Limited designs, manufactures, and sells material handling products and systems for infrastructure industries in India and internationally.
Show more
TRF Limited designs, manufactures, and sells material handling products and systems for infrastructure industries in India and internationally. The company's Bulk Material Handling Equipment division designs and manufactures various material handling equipment used in the infrastructure industries, such as wagon tipplers, stacker reclaimers, traveling wagon loaders, screen, crushers, etc. Its Bulk Material Handling Systems division offers design, engineering, manufacturing, erection, and commissioning solutions for material handling systems for various sectors, including the steel, power, ports, mining, etc.; and coal dust injection systems for blast furnaces and stamping-charging-pushing machines for coke oven applications. The company also provides solutions for coal handling. In addition, it offers port and yard equipment for ports and stockyards; and shuttle conveyors, pulleys, and idlers. TRF Limited was incorporated in 1962 and is headquartered in Jamshedpur, India.
Stock analysis
TRF Limited (505854) currently trades at ₹222.20, while our model-based Fair Value estimate is ₹353.71, implying the stock looks roughly 37.2% undervalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of ₹818.48 per share, and 13 of the 21 models we run sit above the ₹222.20 price.
Bear case: the Asset-Based group reads lowest at ₹50.82, and 8 of the 21 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹255.19 (bear) to ₹511.14 (bull), the price of ₹222.20 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 60/100 (solid quality), in the Industrial Goods sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
TRF Limited reported revenue of ₹1.2B in FY2025 versus ₹1.1B in FY2021, a compound +1.5%/yr. Reported net income was ₹258M in FY2025.
Key figures
Market cap ₹831M (≈ $8.7M) · P/S ratio 0.61 · EPS (TTM) ₹−152.67 · Net margin 21.4% · Return on assets (EBIT) 6.3% · Operating margin −91.9% · Revenue (TTM) ₹1.4B · Revenue growth (YoY) −84.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and 5% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrial Goods peers we cover trades at −66% fair-value upside, at 59%, 505854 screens cheaper than that median.
Fair Value models
Bear ₹255.19Fair Value ₹353.71Bull ₹511.14
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−13.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−8.3%
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−18.7%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 3 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−33.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−33.7%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−56% → 27%
⚠ Revenue per share shrinking 17.4%/yr over ~6Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Diversified Machinery” was too small, so the broader sector is used.)Industrials · 5508 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "TRF Limited Fair Value". https://www.fairvalue-calculator.com/stock/505854
Frequently asked questions
Is TRF Limited (505854) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of ₹353.71 versus a price of ₹222.20, about +59% upside (undervalued).
What is the fair value of 505854?
Our model-based fair value for TRF Limited is ₹353.71 (as of Sep 13, 2026), built from audited fundamentals. The current price: ₹222.20.
What is the quality score of 505854?
TRF Limited has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for TRF Limited (505854)?
Our model-based price target is the fair value of ₹353.71 (as of Sep 13, 2026) from 21 valuation models. Cautious scenario ₹255.19, optimistic scenario ₹511.14. It is a calculation from audited fundamentals, not an analyst target.
What is the TRF Limited stock forecast for 2026?
Our models put fair value at ₹353.71, about +59% upside versus a price of ₹222.20 (undervalued). Cautious scenario ₹255.19, optimistic scenario ₹511.14. The calculation is refreshed regularly with new filings.
What is the revenue of TRF Limited (505854)?
TRF Limited reported trailing-twelve-month revenue of about ₹1.4B (latest available figure, as of Sep 13, 2026).
What is the intrinsic value of TRF Limited (505854)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TRF Limited it is ₹353.71 per share (as of Sep 13, 2026), against a price of ₹222.20. It is the blended result of 21 valuation models (cash flow, earnings, asset, dividend).
Is TRF Limited stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 505854 trades below its calculated fair value: price ₹222.20, fair value ₹353.71, a gap of about +59% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 505854?
No. The price is what the market pays today (₹222.20); the fair value is what the company's own numbers justify (₹353.71). For TRF Limited the two are ₹131.51 per share apart. That gap is exactly why we show both numbers side by side.
How much is TRF Limited worth?
The market values TRF Limited at about ₹831M (market capitalisation, as of Sep 13, 2026). Per share that is ₹222.20; our models calculate a fair value of ₹353.71 per share.
What do the bullish and bearish scenarios say about 505854?
Our models span a range for TRF Limited: cautious scenario ₹255.19, base ₹353.71, optimistic ₹511.14 per share (as of Sep 13, 2026, price ₹222.20). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of TRF Limited (505854)?
Balance-sheet figures for TRF Limited (as of Sep 13, 2026): debt of 1.38 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 505854 from its 52-week high?
TRF Limited trades at ₹222.20, about 46% below its 52-week high of ₹409.90 and 5% above the low of ₹212.15 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of ₹353.71 is for.
Which stocks are comparable to TRF Limited?
From the same area (Industrial Goods) we also value Siemens Limited, Thermax Limited, GMM Pfaudler Limited, ELGI Equipments Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is TRF Limited stock attractive at the current price?
The data as of Sep 13, 2026: price ₹222.20, calculated fair value ₹353.71 (+59%), Quality Score 60/100, from 21 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 505854 calculated?
We run TRF Limited through 21 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹353.71, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.8 % above its aggregate fair value. TRF Limited currently trades 59 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What should I pay attention to with TRF Limited right now?
The price is below even our cautious bear case (₹255.19). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (₹255.19 to ₹511.14) leaves room in how you read the outcome.
Key figures of TRF Limited
How large is the market capitalisation of TRF Limited (505854)?
The market capitalisation of TRF Limited is ₹831M (≈ $8.7M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of TRF Limited (505854)?
The price-to-sales ratio of TRF Limited is 0.61 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of TRF Limited (505854)?
Earnings per share at TRF Limited are ₹−152.67. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of TRF Limited (505854)?
The net margin of TRF Limited is 21.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of TRF Limited (505854)?
On an EBIT basis the return on assets of TRF Limited is 6.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of TRF Limited (505854)?
The operating margin of TRF Limited is −91.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TRF Limited (505854)?
Revenue at TRF Limited is growing −84.9% versus a year earlier (3y avg −1.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
Free · no account needed
Watch TRF Limited in the live analysis
One click puts TRF Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
