| P&L Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 1923.55 | 2295.01 | 2503 | 1510 |
| Cost of Material Consumed | 803.18 | 1002.25 | 1426 | 2600 |
| Change in Inventory | -22.66 | -23.78 | -13 | -43 |
| Gross Margins | 59.42 | 57.37 | 43.55 | 43.58 |
| Employee Benefit Expenses | 141.23 | 161.83 | 183 | 207 |
| Other Expenses | 819.11 | 890.08 | 589 | 589 |
| EBITDA | 182.69 | 264.63 | 318 | 337 |
| OPM | 9.5 | 11.53 | 12.7 | 12.96 |
| Other Income | 0.42 | 7.48 | 59 | 155.5 |
| Finance Cost | 15.92 | 22.74 | 21 | 12 |
| D&A | 34.3 | 38.69 | 44 | 48 |
| EBIT | 148.39 | 225.94 | 274 | 286 |
| EBIT Margins | 7.71 | 9.84 | 10.95 | 11.12 |
| PBT | 137.12 | 210.67 | 311 | 433 |
| PBT Margins | 7.13 | 9.18 | 12.43 | 16.65 |
| Tax | 33.38 | 52.4 | 68 | 90 |
| PAT | 103.74 | 158.27 | 242 | 343 |
| NPM | 5.39 | 6.9 | 9.71 | 13.19 |
| EPS | 49.64 | 75.73 | 116.27 | 164.11 |
| Financial Ratios | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 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 |
| Assets | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Fixed Assets | 392.65 | 457.23 | 531 | 610 |
| CWIP | 65.38 | 46.83 | 46 | 79 |
| Investments | 32.45 | 35.94 | 38 | 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 | 1328.81 | 1427.73 | 1569 | 1782 |
| Liabilities | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Share Capital | 20.9 | 20.9 | 20.9 | 20.9 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 583.43 | 708.34 | 902 | 1182 |
| Borrowings | 307.52 | 263.09 | 153 | 109 |
| Trade Payables | 301.84 | 311.55 | 299 | 301 |
| Other Liabilities | 115.12 | 123.85 | 194.1 | 169.1 |
| Total Liabilities | 1328.81 | 1427.73 | 1569 | 1782 |
| Cash-Flow Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| PBT | 137.12 | 210.67 | 311 | 433 |
| OPBWC | 186.34 | 275.15 | 327 | 351 |
| Change in Receivables | 0 | 0 | 0 | 0 |
| Change in Inventories | -93.34 | -20.32 | 9 | -79 |
| Change in Payables | 0 | 0 | 0 | 0 |
| Other Changes | -37.29 | -23.3 | -38 | 19 |
| Working Capital Change | -37.29 | -43.62 | -29 | -60 |
| Cash Generated From Operations | 55.71 | 231.53 | 298 | 291 |
| Tax | -29.33 | -48.64 | -62 | -72 |
| Cash Flow From Operations | 26.38 | 182.89 | 236 | 219 |
| Purchase of PPE | -98.71 | -89.47 | -103 | -159 |
| Sale of PPE | 0.17 | 1.74 | 78 | 0.8 |
| Cash Flow From Investment | -94.58 | -87.08 | -22 | -94.5 |
| Borrowing | 98.5 | -44.64 | -110 | -44.6 |
| Dividend | -13.37 | -31.35 | -47 | -59.5 |
| Equity | 0 | 0 | 0 | 0 |
| Others From Financing | -14.51 | -23.2 | -23 | -13.6 |
| Cash Flow from Financing | 70.62 | -99.19 | -180 | -117.7 |
| Net Cash Generated | 2.42 | -3.38 | 34 | 6.8 |
| Cash at the Start | 1.31 | 3.73 | 0.34 | 33.9 |
| Cash at the End | 3.73 | 0.35 | 34.34 | 40.7 |
TRL Krosaki Refractories Limited is one of India’s oldest and most respected refractory manufacturers, known for producing high-quality refractory materials used across steel, cement, glass, and non-ferrous metal industries. Formerly known as Tata Refractories Limited, the company later partnered with Krosaki Harima Corporation of Japan—one of the world’s leading refractory manufacturers—to enhance its technological capabilities and global presence. With decades of expertise, TRL Krosaki has built a strong legacy of innovation, manufacturing excellence, and customer-centric solutions. Its product range includes basic, alumina, monolithic, silica, and specialized refractory products designed to deliver superior performance in high-temperature industrial processes.
The company operates state-of-the-art manufacturing facilities equipped with advanced Japanese technology and rigorous quality standards. TRL Krosaki is known for its research-driven approach, investing consistently in product development, thermal engineering, and high-performance material science. Its strong domestic footprint, combined with exports to multiple international markets, positions it as a global player in the refractory sector. TRL Krosaki works closely with large steel and industrial giants to provide customized refractory solutions, installation services, and operational support, making it a preferred partner for critical industrial applications. Its focus on sustainability, energy efficiency, and technologically improved processes further strengthens its competitive advantage.
For investors considering TRL Krosaki Refractories Limited Unlisted Shares, the company offers a compelling long-term opportunity backed by strong fundamentals and industry demand. The growth of core sectors such as steel, cement, and metals in India directly drives the need for high-quality refractory products, placing TRL Krosaki in a favorable growth trajectory. The company's joint venture structure, global technology support, and consistent financial performance enhance its valuation potential. Unlisted shares of such manufacturing leaders often attract investors seeking stable, industrial-sector exposure with long-term appreciation prospects. As India expands its manufacturing capacity under initiatives like Make in India, TRL Krosaki’s strategic strengths make it a promising candidate for investors looking to diversify into robust, high-demand industrial segments.
Q:1 How do I confirm the booking of TRL Krosaki Refractories Limited Unlisted Shares?Answer: You can confirm the booking by contacting us and agreeing on a trading price for the shares you wish to purchase.
Q:2 What documents do I need to buy TRL Krosaki Refractories Limited Unlisted Shares?Answer: You need to provide your client master report, PAN Card, and a Cancelled Cheque.If you are not transferring funds from the bank account as mentioned in the CMR Copy, these KYC documents are required as per SEBI regulations.
Q:3 Where can I obtain my client master report?
Answer: You can ask your broker for the client master report if you do not have it available.
Q:4 How do I transfer funds for the purchase of shares?
Answer: We will provide you with our bank details, and you will need to transfer the funds to that account.
Q:5 Are there any specific SEBI regulations I should be aware of when buying unlisted shares?Answer: Yes, as per SEBI regulations, you are required to submit KYC documents such as your client master report, PAN Card, and Cancelled Cheque.
Q:6 Can I buy TRL Krosaki Refractories Limited Unlisted Shares without a PAN Card?Answer: No, a PAN Card is required as part of the KYC documentation for purchasing unlisted shares as per SEBI regulations.
Q:7 Is it necessary to provide a Cancelled Cheque for purchasing shares?Answer: Yes, a Cancelled Cheque is necessary if you are not transferring funds from the bank account mentioned in your client master report.
Q:8 What should I do if I have questions during the buying process?Answer: If you have any questions during the buying process, feel free to reach out to us for assistance.We are here to help you.