Trans Freight Containers Limited

Financial Services — Shell Companies · BSE

₹18.27+₹0.07 (+0.38%)

DalalBaazaar Score

61 / 100

🟢 Good

Verdict

CAUTION

Risk

Moderate

Driven by negative free cash flow, micro-cap size, which brings thin liquidity.

In simple words: The business is earning a fairly low return on the money invested in it. Cash generation is currently the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 6:56 pm

Understanding the Business

Company site ↗

The 60-second version of Trans Freight Containers Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

Trans Freight Containers Limited does not have significant operations. Previously, it was engaged in the manufacture and export of marine freight cargo containers and truck body panels for the pharmaceuticals, food and beverages, electronics, and white goods sectors.

IndustryShell Companies

SectorFinancial Services

Employees3

Who are its competitors?

The closest listed comparisons in its industry are BAJAJ FINANCE LIMITED, HDFC BANK LTD, ICICI BANK LTD., STATE BANK OF INDIA. These are the companies its valuation and returns are measured against elsewhere in this report.

Compared side by side in Peers ↓

What is its competitive advantage?Not assessable from these ratios

For a lender, returns on capital are shaped by leverage and funding cost rather than by pricing power, so the usual financial signature of an advantage does not apply. Judge this one on deposit franchise, cost of funds and asset quality — none of which are in this data.

Peer median ROE16.5%

DalalBaazaar Score

61/ 100

Good

Weighted across six categories. Every point is explained below.

✗ Profit has declined at 37.6% a year

Quality vs. Valuation

Company Quality

59/ 100

Average

How good the business is, ignoring the share price entirely.

Valuation

69/ 100

Cheap

What you are being asked to pay, ignoring how good the business is.

A reasonable business at a reasonable price — neither the quality nor the valuation stands out in either direction.

Historical Valuation

Current P/E

9.3x

3Y Median

11.5x

40 monthly readings · mean 12.5x · range 2.6x–26.4x

Sector Median

17.0x

median of 4 sector peers

🟢Current valuation is approximately 19% below its 3y median of 11.5x. Cheaper than its own history, which is worth a reason too: the market may be pricing in something the backward-looking numbers do not show.

🟢Against its sector it trades 45% below the peer median of 17.0x.

vs. its own history

Fair

11.5x median over 40 months · -19%

vs. sector peers

Cheap

17.0x median of 4 peers · -45%

vs. generic bands

Cheap

Below 15x

EV/EBITDA

8.0x

PEG

2.26

What's Good / What's Bad

🟢 What's Going Well2

Return on capital is rising
ROCE has improved from -3.0% to 3.6%.
Consistently profitable
Profitable in every one of the last 4 reported years.

🔴 What Needs Attention1

Return on equity is falling
ROE has dropped from 15.8% to 3.5% — each rupee of shareholder capital earns less than it did.

Red Flags

1 item require attention · 1 watch

🟡Profit is decliningFinancial
Net profit is down 76% over 3 years.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Cheaper than its peers
It trades 45% below the sector median. Either the market sees a problem the numbers do not show, or the discount closes.
Earnings have proved durable
Profitable in every one of the last 4 reported years. Consistency lowers the risk that any single bad year is structural rather than cyclical.

🔴 Bear CaseWhat could go wrong?

Returns on shareholder capital are falling
ROE has dropped from 15.8% to 3.5%. Each rupee of equity earns less than it did, so profit growth increasingly depends on raising more capital rather than on the existing base working harder.
Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1Return on equity stays above 8%✗ 3.5%
For a lender this is the cleanest single read on whether the book is being grown profitably.
2Valuation vs its own median of 11.5x✓ 9.3x today
A re-rating above its own history needs a reason; without one it is just a higher price.

Investment Checklist

5 / 9 checks passed

✗ Strong return on equity (ROE ≥ 15%)
✗ Strong return on capital employed (ROCE ≥ 15%)
✓ Healthy net margin (≥ 10%)
✗ Generates positive free cash flow
✓ Adequate short-term liquidity (Current Ratio ≥ 1.0)
✓ Profit growing year-over-year
✓ Not trading at an extreme valuation (P/E < 40x)
✓ Not buying right at the 52-week high
✗ Short-term technical trend isn't bearish

Price history

Quick Metrics

3 good · 5 neutral · 3 weak

Market Cap

₹13 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

9.3x

Cheap

Cheap against the generic band

P/B Ratio

0.33x

Reasonable

Reasonable against the company's book value

EPS (TTM)

₹1.97

Profitable

Profitable on a per-share basis

ROE

3.5%

Weak

Weak capital efficiency

ROCE

3.6%

Weak

Low return on total capital employed

Debt/Equity

Not available

No data

Source didn't return this field

Revenue Growth (YoY)

Not available

No data

Source didn't return this field

Profit Growth (YoY)

4.1%

Modest

Slow profit growth

Dividend Yield

None

No dividend yield reported — usually means no payout, but verify if one was recently initiated

Free Cash Flow

-₹0 Cr

Cash burning

Spending more cash than the operations bring in

More Metrics

Operating Margin

-17.1%

Weak

Thin margins leave little room for error

Net Margin

31804.4%

Good

Strong bottom-line conversion

Current Ratio

15.93

Comfortable

Healthy short-term liquidity

Beta (vs Nifty)

-0.16

Defensive

Steadier than the market

52W Range Position

Near low

Near its 52-week low

Technical Snapshot

SMA 20 / SMA 50

18.7 / 19.4

Bearish alignment (short < long)

Price vs SMA 200

Below

Long-term downtrend

RSI (14)

47.6

Neutral momentum

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
EBITDA	-₹8 Cr	₹1 Cr	₹1 Cr	₹2 Cr	—
PAT (Net Profit)	₹6 Cr	₹1 Cr	₹1 Cr	₹1 Cr	-37.6%
EPS	₹8.05	₹1.47	₹1.92	₹1.95	-37.7%
ROE	15.8%	2.8%	3.5%	3.5%	—
ROCE	-3.0%	2.9%	3.9%	3.6%	—
Free Cash Flow	-₹3 Cr	₹1 Cr	-₹1 Cr	-₹0 Cr	—

🟢 EBITDA has turned positive, from -₹8 Cr to ₹2 Cr.

🔴 PAT (Net Profit) has shrunk at 37.6% a year over 3 years.

🔴 EPS has shrunk at 37.7% a year over 3 years.

🔴 ROE has fallen from 15.8% to 3.5% over 3 years (-12.4 pts).

🟢 ROCE has risen from -3.0% to 3.6% over 3 years (+6.6 pts).

Balance Sheet & Cash Flow — FY2026

Total Assets

₹43 Cr

Total Liabilities

₹2 Cr

Total Debt

—

Cash & Equivalents

₹1 Cr

Operating Cash Flow

-₹0 Cr

Capex

—

Shareholding (proxy)

Institutional Holding

0.0%

Insider Holding

72.8%

Peer Comparison

Company	P/E	ROE
BAJAJ FINANCE LIMITED	30.2x	17.8%
HDFC BANK LTD	15.9x	13.8%
ICICI BANK LTD.	18.1x	16.5%
STATE BANK OF INDIA	10.3x	15.2%

Recent News

6 general

Trans Freight Containers Ltd. Peer Comparison – Compare with Others

Value Research, 30 Aug

Trans Freight Containers Limited Confirms Non-Large Corporate Status Under SEBI Debt Securities Framework

scanx.trade, 25 Apr

Trans Freight Containers (BSE:513063) Company Profile and Sector Overview

Kalkine India, 17 Sept

Tariff Rollback Puts CSX Stock And Union Pacific Back In Focus

Simply Wall Street, 18 Oct

Trans Freight Containers Ltd. Shareholding Pattern – Promoters, FIIs & DIIs

Value Research, 04 Sept

Trans Freight Containers sets Sept 30 for 52nd AGM, e-voting begins Sept 27

scanx.trade, 05 Sept

Watch Items

Trading very close to its 52-week low — worth checking whether this reflects a temporary setback or a structural problem.
This is a financial-sector business: borrowing is its raw material, not leverage in the usual sense. Debt/Equity and ROCE here aren't comparable to a manufacturer's — read them alongside NIM, GNPA and capital adequacy from the company's own disclosures.
Cross-check against the company's latest quarterly filing / investor presentation before acting.
2 metrics couldn't be retrieved for this stock — this is more common for smaller or thinly-covered listings.

DalalBaazaar Thesis

StrongBusiness Quality · Financial Health · Valuation

MiddlingProfitability

WeakGrowth · Risk

Points for each in the Score ↑

Unremarkable in both directions

A reasonable business at a reasonable price. Nothing here is alarming and nothing is compelling, which usually means the decision rests on things this data cannot see — the industry's direction, management's intent, and what else is available to you.

1 of 2 tripwires tripped — Return on equity stays above 8% · see Key things to watch ↑