Unlisted Shares
TRL Krosaki Refractories Limited Unlisted Shares
Verified Unlisted CompanyOff-market Transfer · NSDL / CDSL
About TRL Krosaki Refractories Limited Unlisted Shares
TRL Krosaki Refractories Limited is a leading manufacturer of refractory products used in steel, cement, glass, and other high-temperature industries. The company is a joint venture between Tata Group and Krosaki Harima Corporation (Japan), with strong expertise in providing advanced refractory solutions.
Share Details
| company Name | TRL Krosaki Refractories Limited Unlisted Shares |
| indicative Unlisted Share Price | ₹2313 |
| market Capitalization | ₹3658 Crore |
| lot Size | 25 |
| 52 Week High | ₹2250 |
| 52 Week Low | ₹1625 |
| face Value | ₹10 |
| book Value | 583.33 |
| pe Ratio | 10.66 |
| pb Ratio | 3.02 |
| debt To Equity | 0.09 |
| return On Equity | 28.51 |
| total Outstanding Shares | 20900000 |
| isin | INE021N01014 |
| depository | NSDL |
| pan | AAACT4694Q |
| cin | U26921OR1958PLC000349 |
| rta | Universal Capital Securities |
Income Statement (Profit & Loss) (₹ in Crore)
| Particulars | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 1,923.55 | 2,295.81 | 2,503 | 2,600 |
| EBITDA | 182.69 | 264.63 | 318 | 337 |
| PBT | 137.12 | 210.67 | 311 | 433 |
| Net Profit / Loss (PAT) | 103.74 | 158.27 | 213 | 343 |
| EPS | 49.64 | 75.73 | 116.27 | 164.11 |
Key Financial Ratios (Last 3–5 Years)
| Ratio | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Operating Profit Margin (%) | 9.5 | 11.53 | 12.7 | 12.96 |
| Net Profit Margin (%) | 5.39 | 6.9 | 9.71 | 13.19 |
| Earning Per Share (Diluted) | 49.64 | 75.73 | 116.27 | 164.11 |
Financial Annual Report Summary
The company has demonstrated strong and consistent growth in revenue and profitability. Margins have improved steadily, supported by strong demand from the steel sector. High ROE and low debt indicate a robust financial profile.
Why Invest in TRL Krosaki Refractories
- Strong growth in revenue and profitability.
- High ROE (~28.5%) indicates excellent capital efficiency.
- Low debt (D/E ~0.09) ensures financial stability.
- Beneficiary of steel sector growth.
- Reasonable valuation (P/E ~10.6) compared to growth.
Balance Sheet - Assets (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Fixed Assets | 392.65 | 457.23 | 531 | 610 |
| CWIP | 65.38 | 46.83 | 46 | 79 |
| Investments | 32.45 | 35.94 | 36 | 40 |
| Trade Receivables | 299.01 | 337.26 | 370 | 352 |
| Inventory | 449.94 | 470.26 | 461 | 540 |
| Other Assets | 89.38 | 80.21 | 123 | 161 |
| Total Assets | 1,328.81 | 1,427.73 | 1,569 | 1,782 |
Balance Sheet - Liabilities & Equity (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Share Capital | 20.9 | 20.9 | 20.9 | 20.9 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 583.43 | 708.34 | 902 | 1,182 |
| Borrowings | 307.52 | 263.09 | 153 | 100 |
| Trade Payables | 301.84 | 311.55 | 299 | 301 |
| Other Liabilities | 115.12 | 123.85 | 194.1 | 169.1 |
| Total Liabilities | 1,328.81 | 1,427.73 | 1,569 | 1,782 |
Liabilities Breakdown & Balance Sheet Insights
Balance Sheet Insights
Strong balance sheet with growing reserves and declining debt.
Liabilities Breakdown
Debt to Equity ratio of 0.09 indicates very low leverage.
Additional Insights
Consistent reserve growth and declining debt reflect strong financial health.
Cash Flow Insights
- Strong and consistent operating cash flow.
- Controlled capex spending.
- Debt reduction supported by internal accruals.
Shareholding Pattern
Recent
Promoter: High (Tata Group + Krosaki Japan)
Institutional: Moderate
Public: Low
Promoters & Management
Backed by Tata Group and Krosaki Harima (Japan), providing strong technical and financial backing.
Key Management
Not Available
Registrar & Transfer Agent (RTA)
Registrar: Universal Capital Securities
Management Analysis
Focused on expanding refractory solutions aligned with steel sector growth.
Frequently Asked Questions About TRL Krosaki Refractories Limited Unlisted Shares
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