TRL Krosaki Refractories Ltd Unlisted Shares

Latest unlisted share price, company overview and trading process

Company Overview

Introduction to TRL Krosaki Refractories Limited Unlisted Share

TRL Krosaki Refractories Limited, earlier known as Tata Refractories Limited, was originally established in 1958 as Belpahar Refractories Limited in Jharsuguda, Odisha. Over the decades, the company has grown into a major player in the refractories industry, serving key sectors such as steel, aluminum, and copper. It was rebranded as Tata Refractories in 1986 and later transformed into TRL Krosaki through a strategic collaboration with Japan-based Krosaki Harima Corporation (KHC).

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Today, TRL Krosaki stands as one of India’s leading refractories manufacturers and ranks among the top global players in the industry.

The company offers a comprehensive range of refractory products and services, catering to industries like steel, cement, copper, aluminum, and power. With advanced manufacturing facilities in India and China, TRL Krosaki maintains a strong global presence and a diverse product portfolio.

Business Segments

Refractories Manufacturing
TRL Krosaki produces a wide range of refractory materials used across industrial applications, including:

Basic refractories
Dolomite refractories
High alumina refractories
Monolithic refractories
Silica refractories
Taphole clay
RH snorkel refractories

Refractories Services & Technical Solutions
The company also provides value-added services such as:

Refractories management to enhance product life in operations
Engineering solutions for designing and optimizing refractory systems
Technical support for maintenance and performance improvement in critical applications

Manufacturing & Global Supply Network

TRL Krosaki operates multiple facilities across regions:

Belpahar (Odisha) – Produces basic, dolomite, and high alumina refractories
Salem (Tamil Nadu) – Focuses on ramming mass and tundish spray mass
China Plant – Manufactures specialized mag-carbon and AMC bricks

Strategic Partnership
The company benefits from its strong association with Krosaki Harima Corporation (KHC), a global leader in refractories. With KHC holding a majority stake of 77.62%, TRL Krosaki gains access to advanced technology and international best practices.

Financial Highlights
Revenue Growth – Revenue increased to ₹2,503 crore in FY2024 from ₹2,295 crore in FY2023, driven by strong demand across steel and copper industries
Improved Profitability – EBITDA rose to ₹318 crore in FY2024 from ₹264.63 crore, with operating margins improving to 12.7% from 11.53%
Net Profit Expansion – PAT grew significantly by 53% to ₹243 crore in FY2024, supported by higher sales and efficient cost control
EPS Growth – Earnings per share increased to ₹116.27 from ₹75.73, reflecting strong value creation for shareholders
Asset Growth – Total assets rose to ₹1,569 crore from ₹1,427 crore, with fixed assets reaching ₹531 crore due to capacity expansion and technological investments

Pros
Leading player in India and among the top global refractory manufacturers
Strong partnership with Krosaki Harima ensures access to advanced technology
Diversified presence across multiple core industries like steel, aluminum, and cement

Cons
Significant dependence on the steel sector for revenue
Profitability can be impacted by fluctuations in raw material prices
Exposure to currency movements affects international business performance 

Unlisted Share Details



SHAREHOLDING PATTERN 2025

Holding PatternsValue
Foreign Holding      77.62%
Government Companies10.54%
FIS Insurance companies & bank 4.61%
others corporates & Bodies2.13%
Individual & Others5.10%

Promoters or Management

NameDesignationExperience
Hemant M. NerurkarChairman35+
Priyabrata PandaMD & CEO33+
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