TRF (NSE:TRF) Interest Coverage: 0 (At Loss) (As of Mar. 2026)


NSE:TRF TRF Ltd NSE:TRF
54 GF Score
Price ₹239.85
GF Value ₹242.65
Valuation Fairly Valued
! 5 Warning Signs
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What is TRF Interest Coverage?

TRF NSE:TRF +1.19% 54 Interest Coverage is 0 (At Loss) as of Mar. 2026. GuruFocus rates NSE:TRF with a GF Score™ of 54/100 and a GF Value™ of ₹242.65 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,325 Industrial Products companies, TRF ranks worse than 97.51% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. TRF's Operating Income for the three months ended in Mar. 2026 was ₹-67.7 Mil. TRF's Interest Expense for the three months ended in Mar. 2026 was ₹-40.1 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for TRF's Interest Coverage or its related term are showing as below:

NSE:TRF' s Interest Coverage Range Over the Past 10 Years
Min: 0.6   Med: 2.23   Max: 2.49
Current: 0.62


NSE:TRF's Interest Coverage is ranked worse than
97.51% of 2325 companies
in the Industrial Products industry
Industry Median: 14.8 vs NSE:TRF: 0.62

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


TRF  (NSE:TRF) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


TRF Interest Coverage Related Terms


TRF Interest Coverage Historical Data

* Premium members only.

The historical data trend for TRF's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

TRF Interest Coverage Chart

TRF Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 2.49 2.49 1.96 0.60

TRF Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.62 1.60 1.29 1.56 0.00

NSE:TRF vs GEV, ETN, PH: Interest Coverage Comparison

For the Specialty Industrial Machinery subindustry, TRF's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


TRF Interest Coverage vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, TRF's Interest Coverage distribution charts can be found below:

* The bar in red indicates where TRF's Interest Coverage falls into.


NSE:TRF
54GF Score
TRF Ltd NSE:TRF
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TRF Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

TRF's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, TRF's Interest Expense was ₹-148.2 Mil. Its Operating Income was ₹89.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1,295.1 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*89.157/-148.196
=0.60

TRF's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, TRF's Interest Expense was ₹-40.1 Mil. Its Operating Income was ₹-67.7 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1,295.1 Mil.

TRF did not have earnings to cover the interest expense.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 0 (At Loss) mean?
TRF (NSE:TRF) has a Interest Coverage of 0 (At Loss) as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on TRF and its competitors. Over the past decade, TRF's Interest Coverage has ranged from 0.60 to 2.49. According to the industry distribution chart, TRF ranks #2267 out of 2325 companies in the Industrial Products industry, placing it in the top 97.5%.
Is TRF's Interest Coverage too high?
TRF's current Interest Coverage is 0 (At Loss). Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 2.49. Based on the distribution chart, TRF ranks #2267 out of 2325 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, TRF has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TRF's Interest Coverage compare to GEV and ETN?
According to the Industrial Products industry distribution chart, TRF ranks #2267 out of 2325 companies for Interest Coverage. This places TRF in the lower half of its industry. The industry median Interest Coverage is 14.80. Historically, TRF's own Interest Coverage has ranged from 0.60 to 2.49 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Industrial Products company?
The median Interest Coverage among Industrial Products companies is 14.80, based on 2,325 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on TRF and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TRF's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TRF stock overvalued right now?
Based on GuruFocus' analysis, TRF (NSE:TRF) is currently considered Fairly Valued. The stock's GF Value™ is ₹242.65, compared to a current price of ₹239.85 — trading 1.2% below its estimated fair value. The current Interest Coverage is 0 (At Loss). TRF's overall GF Score™ is 54/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For TRF (NSE:TRF), the current Interest Coverage is 0 (At Loss) as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TRF (NSE:TRF) Overvalued in 2026?

Based on GuruFocus' analysis, TRF stock appears to be undervalued. The current stock price of ₹239.85 is trading 1.2% below its estimated GF Value™ of ₹242.65. GuruFocus considers TRF to be Fairly Valued.

Key valuation signals for NSE:TRF:

  • Interest Coverage: 0 (At Loss)
  • GF Value™: ₹242.65 vs. price of ₹239.85 (1.2% below fair value)
  • GF Score™: 54/100 with 5 warning signs

No single metric tells the full story. See the NSE:TRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TRF Business Description

Other Exchanges 505854:India
Address 11, Station Road, Burma Mines, Jamshedpur, JH, IND, 831007
TRF Ltd through its subsidiaries is engaged in material handling equipment such as stackers, reclaimers, stacker-cum-reclaimers, ship loaders, unloaders, general conveyors, idler rollers, and all types of machinery for sorting, screening, and separating. The company undertakes turnkey projects of material handling for the infrastructure sector such as power and ports and industrial sectors such as steel plants, cement, fertilizers, and mining. The company is also engaged in the production of such material-handling equipment. Further, the company is engaged in providing services relating to design, engineering, and supervision.
54GF Score

Get the complete analysis for NSE:TRF

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹239.85
Price
₹242.65
GF Value