Investment Overview

TRL Krosaki Refractories Limited is an unlisted company operating in the Materials sector (Refractories). TRL Krosaki Refractories Limited manufactures refractories for iron and steel, cement, glass and non-ferrous industries. Formerly Tata Refractories, the company is majority-owned by Krosaki Harima of Japan with Tata Steel as a shareholder. TRL’s portfolio includes basic, dolomite, alumina and silica…

Strengths

• : Market leader in India and 4th largest globally in refractories.
• : Strategic partnership with Krosaki Harima for advanced technology access.
• : Diversified product range across steel, aluminum, copper, and cement industries.

Key Risks

• : High dependence on the steel industry for revenue.
• : Raw material price volatility impacts profitability.
• : Currency fluctuations shape international revenue.

Valuation View

The current unlisted market price is ₹1732.5 per share with a market capitalisation of approximately ₹3658 crore. The company is currently unlisted and investors should factor in illiquidity risk and longer holding horizons. Investors are advised to review the full financial data and consult an advisor before investing.