TROM
Trom Industries financials
- Market cap
- ₹53 Cr
- Sector
- Capital Goods
- Calls analysed
- 1
TROM Q2 FY26
What went well
- EBITDA increased by 16.33% to INR6.98 crores in H1 FY26, up from INR6 crores in H1 FY25.
- EBITDA margin expanded significantly to 17.13% in H1 FY26 from 12.96% in H1 FY25.
- Net profit grew by 6.29% to INR4.39 crores in H1 FY26, up from INR4.13 crores in H1 FY25.
What to watch
- Revenue moderated by 12.01% YoY to INR40.73 crores in H1 FY26, down from INR46.29 crores in H1 FY25, primarily due to invoicing delays and weather impacts.
- Inventory levels increased due to completed projects awaiting invoicing, reflecting a longer project cycle.
Guidance record · Q2 FY26
what the last two calls moved 5 tracked 0 delivered 0 missed 5 open- Annual Revenue open said Q2 FY26 Promised: INR120-130 crores Q2 FY26: Management committed to INR120-130 crores for FY26 based on current orders and execution plans.
All 5 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q4 FY26: revenue up 167.7%, net profit down 25.0% against the same quarter last year.
| Line item | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 23 | 31 | 46 | 47 | 40 +74% | 83 +168% |
| EBITDA | 3 | 5 | 6 | 1 | 6 +100% | 4 −20% |
| Net profit | 2 | 4 | 4 | 0 | 4 +100% | 3 −25% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −42.9% 1Y
1Y: ₹101.75 on 9 Sept 2025 → ₹58.05. High ₹101.75 (9 Sept 2025), low ₹43.95 (30 Mar 2026).
How the price took the results
close before → close after
- Q2 FY26
- −5.2%
- 20 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹6 Cr | ₹9 Cr | ₹9 Cr |
| Reserves | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹6 Cr | ₹42 Cr | ₹44 Cr |
| Borrowings | ₹2 Cr | ₹1 Cr | ₹5 Cr | ₹6 Cr | ₹26 Cr | ₹32 Cr |
| Other liabilities | ₹14 Cr | ₹15 Cr | ₹14 Cr | ₹11 Cr | ₹18 Cr | ₹19 Cr |
| Total liabilities | ₹18 Cr | ₹19 Cr | ₹22 Cr | ₹29 Cr | ₹95 Cr | ₹105 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹18 Cr | ₹18 Cr | ₹21 Cr | ₹29 Cr | ₹95 Cr | ₹103 Cr |
| Total assets | ₹18 Cr | ₹19 Cr | ₹22 Cr | ₹29 Cr | ₹95 Cr | ₹105 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, the public added +1.47 pp while FIIs trimmed −0.99 pp. The shareholder count grew 7% to 1,634.
- Promoters
- 69.5%
- DIIs
- 5.7%
- Public
- 24.8%
Since Mar 2025
- Public +1.47 pp
- FIIs −0.99 pp
- DIIs −0.48 pp
How it drifted, 4 quarters
Over this window the public went from 23.6% to 24.8% — +1.2 pp.
Ownership split by quarter, oldest first. Sep '24: Promoters 69.5%, FIIs 1.1%, DIIs 5.8%, Public 23.6%.Mar '25: Promoters 69.5%, FIIs 1.0%, DIIs 6.2%, Public 23.3%.Sep '25: Promoters 69.5%, DIIs 5.7%, Public 24.8%.Mar '26: Promoters 69.5%, DIIs 5.7%, Public 24.8%.
Who is on the register
Named in the Mar 2026 filing
Every holder of Trom Industries Limited above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Jigneshkumar Bharatbhai Patel | 34.62% | unchanged |
| Pankaj Tanaji Pawar | 34.35% | unchanged |
| Steptrade Revolution Fund AIF | 3.99% | unchanged |
| Priyanka Pankaj Pawar | 0.27% | unchanged |
| Gomatiben Bharatbhai Patel | 0.27% | unchanged |
| Jainav Patel | 0.00% | unchanged |
| Parv Patel | 0.00% | unchanged |
| Patel Snehaben Sandipkumar | 0.00% | unchanged |
| Vandanaben K Patel | 0.00% | unchanged |
| Bharatkumar Gopalbhai Patel | 0.00% | unchanged |
| Kiritbhai R Patel | 0.00% | unchanged |
| Trom Solution | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Trom Industries Limited
Guides on how to read this kind of business and the numbers that matter.