TRL Krosaki Refractories Limited Unlisted Shares
vs. prev. close ₹1,750
52W High
₹2,175
52W Low
₹1,750
Market cap
₹3,658 Cr
IPO stage
No DRHP filed
CIN
U26921OR1958PLC000349
Price History
52W High
₹2,175
52W Low
₹1,750
About TRL Krosaki Refractories Limited Unlisted Shares
TRL Krosaki . Get Latest News & Updates on TRL Krosaki Price.
About TRL Krosaki 1. TRL Krosaki Refractories Limited (TRL Krosaki), is a Company incorporated in the year 1958 under the name of ‘Belpahar Refractories Limited’, which had set up its plant at Belpahar, Jharsuguda in 1959 to meet the refractories requirement of steel, aluminium and copper industries of the country. It was subsequently renamed as Tata Refractories Limited (TRL) in the year 1986. 2. TRL Krosaki is an Integrated Management Systems (IMS) certified company and is the No.1 refractories manufacturing company in India. It manufactures a wide range of products like Basic, Dolomite, High Alumina, Monolithics, Silica, Taphole Clay and RH Snorkel Refractories. The company also provides technical services to its customers in the form of Refractories Management Services, Refractories Engineering Services and Technical Support Services. 3. Krosaki Harima Corporation (KHC), Japan, which is a leading refractories player of the World, has 77.62% stake in the Company. KHC was established in 1919 and it accumulated technologies over 96 years which helps in providing solutions backed by latest technologies. ‘Krosaki Harima’ is an associate of Nippon Steel & Sumitomo Metal Corporation, Japan which has a global ranking of being the 2nd steel producer in the world. 4. The Company has two Associate Companies namely TRL Krosaki Asia Pte Limited, Singapore and Almora Magnesite Limited, Almora, Uttarakhand. TRL China Limited, a refractories manufacturing company in People’s Republic of China is a wholly owned subsidiary of TRL Asia Pte Limited. The association with KHC has benefited the Company in accessing the latest technology and diversified its products, thus increasing its potential to penetrate the world refractories market. KHC and TRL Krosaki have jointly emerged as the 4th largest refractories manufacturer in the world. Business Strategy of TRL Krosaki in FY2020 1. India is expected to be one of the few countries with good demand of steel in the medium term. In line with the increase in demand of steel, refractories demand is also expected to grow. TRL Krosaki growth strategy driven by capital investment in critical areas to increase plant capacities and add new product lines will help to achieve its long-term objective of increasing market share. The new product line of Alumina Graphite (AG) refractories manufacturing facility with technology from Krosaki Harima Corporation, Japan is expected to be commissioned during 2021. 2. In general, Alumina Graphite manufacturing is a high end technology and most precision process; therefore a handful of other refractories manufacturers produce these products. 3. In Fy2020- TRL Krosaki has maintained its share of business of 70% in Dolomite in India and has increased its footprint in overseas market. The Company has emerged as one of the top service providers in Trough management and the revenue from Trough management contracts has increased by 57%. 4. Tap Hole Clay remains one of the focused products of the Company and the revenue from Tap Hole Clay product has increased by 16%. 5. High Alumina Spinel (SLM) bricks for application in Steel Ladles has become one of the focused products of the company and the revenue from SLM bricks has increased by 49%. 6. Revenue from another focused product, Direct Bonded Magnesite Chrome (DBMC) has increased by 5%. 7. Company’s silica bricks for coke-oven equipment have performed well and the Company is receiving repeat orders from its customers. South American market continues to be a focused market of the Company for supply to Copper industries and is witnessing a steady increase in customer base. Manufacturing Plants of TRL Krosaki 1. Belpahar Plant – Belpahar – Plant capacity is 2,25,210 MTPA, manufacturing Basic, Dolomite, High Alumina, Silica, Castable, Precast pre fired shapes, Flow control products (New plant with KHC Technology) and Tap Hole Clay (New plant with KHC technology). 2. Salem Plant – Capacity of the Plant is 14,400 MTPA, manufacturing Basic ramming mass and Tundish Spray Mass. 3. TRL Jamshedpur – Capacity of the Plant is 30,000 MTPA, manufacturing Silica Ramming Mass and Precast Prefired Shapes. 4. TRL MP – Capacity of the Plant is 18,000 MTPA, manufacturing Alumina bricks and Alumina Castables. 5. TRL Gujarat – Plant capacity is 66,000 MTPA, manufacturing Alumina bricks and Alumina Castables. 6. TRL China – Plant capacity is 90,000 MTPA, manufacturing Mag-C bricks and AMC bricks. Industry Serve by TRL Krosaki 1. Iron Industry – TRL Krosaki has been serving the Iron Making industry over a number of decades and plays significant role in improving industry performance by supplying silica and fireclay refractories for different revamping and repair jobs in Coke Oven Batteries (both tall and short) in India as well as in abroad. 2. Lime Industry – TRL Krosaki has been serving the lime industry since 1980. They have supplied more than 66 numbers of Lime kilns and completed 43 lime kilns project worldwide in different capacity 3. Steel, Aluminium, Power, Copper and Cement Industries. Clients of TRL Krosaki ... Read more
Company Details
Industry
Manufacturing
Founded
1958
Headquarters
Belpahar, Odisha, India
Min Lot Size
1
Face Value
₹10.00
Total Shares
20900000
Regulatory Information
Corporate Identity Number (CIN)
U26921OR1958PLC000349
PAN Number
AAACT6494Q
ISIN
INE012L01014
Key Valuation Ratios
Valuation
Market Cap
₹3,657.50 Cr
P/E Ratio
10.68×
P/S Ratio
1.41×
P/B Ratio
3.04×
EV / EBITDA
7.43×
Returns & Per Share
ROE
28.47%
EPS
₹163.88
Book Value / Share
₹575.55
Solvency
Debt / Equity
—
Interest Coverage
37.04×
Company Fundamentals
As of FY2025 Annual · updated 25 Sept 2026Gross Profit
₹1,090.00 Cr
EBITDA
₹492.50 Cr
Revenue Growth
3.88%
Profit Margin
13.17%
Performance Trends
4 annual periods · derived from filed statements
Revenue
₹ Cr
Net Profit
₹ Cr · losses in red
Earnings Per Share
₹ per share
Return on Equity
ROE %
Return on Capital Employed
ROCE %
EBITDA Margin
18.94%
Interest Coverage
37.04×
Financial Statements
| Line item | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Total Income | ||||
| Revenue from operationsDisclosed | 1,923.55₹ Crore | 2,295.01₹ Crore | 2,503₹ Crore | 2,600₹ Crore |
| Other incomeDisclosed | 42₹ Lakh | 7.48₹ Crore | 59₹ Crore | 155.5₹ Crore |
| Total IncomeDerived | 1,923.97₹ Crore | 2,302.49₹ Crore | 2,562₹ Crore | 2,755.5₹ Crore |
| Expenses | ||||
| Cost of goods soldDisclosed | 803.18₹ Crore | 1,002.25₹ Crore | 1,426₹ Crore | 1,510₹ Crore |
| Changes in inventoriesDisclosed | -22.66₹ Crore | -23.78₹ Crore | -13₹ Crore | -43₹ Crore |
| Employee benefits expenseDisclosed | 141.23₹ Crore | 161.83₹ Crore | 183₹ Crore | 207₹ Crore |
| Finance costsDisclosed | 15.92₹ Crore | 22.74₹ Crore | 21₹ Crore | 12₹ Crore |
| Depreciation and amortization expenseDisclosed | 34.3₹ Crore | 38.69₹ Crore | 44₹ Crore | 48₹ Crore |
| Other expensesDisclosed | 819.11₹ Crore | 890.08₹ Crore | 589₹ Crore | 589₹ Crore |
| Total ExpensesDerived | 1,791.08₹ Crore | 2,091.81₹ Crore | 2,250₹ Crore | 2,323₹ Crore |
| Profit | ||||
| Profit before taxDerived | 132.89₹ Crore | 210.68₹ Crore | 312₹ Crore | 432.5₹ Crore |
| Tax expenseDisclosed | 33.38₹ Crore | 52.4₹ Crore | 68₹ Crore | 90₹ Crore |
| Profit After TaxDerived | 99.51₹ Crore | 158.28₹ Crore | 244₹ Crore | 342.5₹ Crore |
| Total Comprehensive IncomeDerived | 99.51₹ Crore | 158.28₹ Crore | 244₹ Crore | 342.5₹ Crore |
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About TRL Krosaki Refractories Limited Unlisted Shares unlisted shares
Indicative · updated dailyTRL Krosaki Refractories Limited unlisted share price today
TRL Krosaki Refractories Limited unlisted share price today is ₹1,750 as of 16 October 2026.
TRL Krosaki Refractories Limited Unlisted Shares — frequently asked questions
- What is the grey market price for TRL Krosaki Refractories Limited?
No IPO is currently announced for TRL Krosaki Refractories Limited, so no grey market exists; the price above reflects Priveq's own desk valuation.
- Has TRL Krosaki Refractories Limited filed for an IPO, and when might it list?
TRL Krosaki Refractories Limited has not filed a draft red herring prospectus, so no IPO is currently announced and no listing date has been set.
- How does TRL Krosaki Refractories Limited compare to its listed peers?
There is no closely comparable listed company for TRL Krosaki Refractories Limited in India today.
- Is TRL Krosaki Refractories Limited on the SME or Mainboard IPO track?
TRL Krosaki Refractories Limited has not filed a draft red herring prospectus, so no IPO track is set yet.
- What is TRL Krosaki Refractories Limited's CIN and registered office?
TRL Krosaki Refractories Limited's Corporate Identity Number is U26921OR1958PLC000349, registered at Belpahar, Odisha, India.
- What is TRL Krosaki Refractories Limited's market capitalisation?
TRL Krosaki Refractories Limited's market capitalisation is approximately ₹3,658 crore, based on its current unlisted share price.
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Priveq Investech Private Limited is the named counterparty on every transaction. To buy TRL Krosaki Refractories Limited unlisted shares: complete KYC once (PAN, Aadhaar, bank details, and demat account information — SEBI-compliant, typically approved within 24 hours), then submit your order through your Priveq dashboard specifying quantity. Our team confirms price and payment details with you directly. Once payment is confirmed, TRL Krosaki Refractories Limited shares are transferred off-market straight to your demat account, with no pooling and no middlemen.
- How do I sell TRL Krosaki Refractories Limited unlisted shares?
Submit an Express Sell Interest for TRL Krosaki Refractories Limited through your Priveq dashboard, specifying quantity, the same way a buy order is placed. Priveq quotes you a bid price, which may differ from the live Buy price shown to buyers, since unlisted-share pricing works on a bid-ask basis rather than a single quote. Once you accept, you'll need to provide your Client Master List (CML), a cancelled cheque or bank details, and PAN. If you hold shares with CDSL, transfer can also be completed digitally via CDSL Easiest. You transfer TRL Krosaki Refractories Limited shares to Priveq first, and payment follows once the transfer is confirmed received, typically the same day, T+1, or occasionally T+2, communicated to you directly. For sizeable transactions worth crores of rupees, an escrow arrangement can be used instead, at the sole consent of both parties.
- What is the minimum investment for TRL Krosaki Refractories Limited unlisted shares?
Minimum investment varies by company and is shown as the Min Investment figure on this page. TRL Krosaki Refractories Limited's minimum is ₹1,750.
- Is there a maximum investment limit?
There's no fixed maximum investment limit for TRL Krosaki Refractories Limited unlisted shares. For sizeable transactions worth crores of rupees, an escrow arrangement can be used at the sole consent of both parties, the same mechanism available on the sell side.
- Is buying TRL Krosaki Refractories Limited unlisted shares legal in India?
Yes. Buying and selling unlisted shares in India is legal and is subject to relevant SEBI regulations, including the mandatory lock-in period after listing, stamp duty, and depository participant charges on each transaction. Priveq's own KYC process is built to be SEBI-compliant.
- What is the lock-in period for TRL Krosaki Refractories Limited unlisted shares?
TRL Krosaki Refractories Limited has not filed a DRHP yet, so no listing date or lock-in period applies at this stage. Once an IPO is filed, this answer updates to reflect the applicable SME or Mainboard lock-in.
- What happens if TRL Krosaki Refractories Limited's IPO is delayed or withdrawn?
If an IPO is delayed, shares remain unlisted and continue to trade on the desk at Priveq's indicative price, with no lock-in in effect until an actual listing happens. If a company formally withdraws its DRHP, the same applies: shares stay unlisted, with no lock-in period until and unless a fresh IPO process begins.
- How are capital gains on TRL Krosaki Refractories Limited unlisted shares taxed?
If you sell unlisted shares, including TRL Krosaki Refractories Limited, within 24 months of purchase, the gain is taxed as short-term capital gain at your applicable income tax slab rate. Beyond 24 months, it is taxed as long-term capital gain at 12.5 percent, without indexation benefit, under the rules effective from 23 July 2024. If TRL Krosaki Refractories Limited lists and you sell after listing, the applicable tax treatment shifts to listed-security rates, with the holding period still measured from your original unlisted purchase date. This is general information, not tax advice; investors should confirm their specific position with a tax advisor.
- Can NRIs invest in TRL Krosaki Refractories Limited unlisted shares?
Yes, on a non-repatriable basis. NRIs can invest using funds from an NRO account; sale proceeds stay within India unless repatriated separately under RBI's own limits. Priveq does not currently support repatriable investment (NRE/FCNR-funded), which would require the investee company to file additional RBI paperwork as foreign direct investment.
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No. The price quoted to you is all-in; there is no separate platform fee or brokerage added on top.
- How does Priveq determine the desk price for TRL Krosaki Refractories Limited?
Priveq's desk price reflects several inputs together, not a single formula: the seller's ask price at the time, current demand and supply on the platform for TRL Krosaki Refractories Limited specifically, broader sentiment in the unlisted and pre-IPO market, how TRL Krosaki Refractories Limited's sector and listed peers are trading, the company's own recent financial performance and IPO-stage developments, and recent transaction history where deals have actually closed.
Because unlisted shares trade over the counter rather than on an exchange, this price is indicative, not a continuously live quoted market price, and the actual deal price is confirmed with you directly before a transaction closes.
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Priveq is not a SEBI-registered stock exchange and not a SEBI-registered investment adviser. Priveq Investech Private Limited operates Priveq.in as a research and information platform for unlisted and pre-IPO shares, and is the named counterparty on transactions executed through the platform. Nothing on this page is investment advice; it's information to help you evaluate a company and decide for yourself.
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Yes. Priveq isn't a stock exchange with membership restrictions, and investing isn't limited to HNIs. Depending on the company, entry points can start as low as ₹20,000, though the minimum for any specific company is shown as the Min Investment figure on its page.
- What documents do I receive after buying unlisted shares?
You receive an email acknowledging and confirming your order, along with a deal note or invoice recording the transaction details.
- What happens to my shares or money if a deal falls through?
Because Priveq is the direct counterparty on every transaction rather than just connecting a buyer and seller, this risk sits with Priveq, not with you. If a deal falls through after you've committed funds or shares, they remain safe, and Priveq guarantees a refund.