TRL Krosaki Refractories Limited Unlisted Shares – A Complete Investor Guide
22 August 2025 · Sachin Gadekar
Explore TRL Krosaki Refractories Limited unlisted shares, latest share price, financial performance, and shareholding pattern.
About TRL Krosaki Refractories Limited
Investing in unlisted shares is becoming an attractive opportunity for investors seeking diversification and early access to high-potential companies. Among these, TRL Krosaki Refractories Limited unlisted shares stand out due to the company’s strong fundamentals, global presence, and growth trajectory in the refractories industry.
At ultra, we provide investors a seamless way to explore and invest in unlisted and pre-IPO shares, including TRL Krosaki, directly through our digital platform.
Founded in 1958, TRL Krosaki Refractories Limited is one of India’s leading manufacturers of refractories, which are essential for industries such as steel, cement, glass, copper, aluminium, and non-ferrous metals. The company is strategically backed by Krosaki Harima Corporation (Japan), a global leader in refractories, which holds the majority stake.
With a robust R&D setup, diversified product portfolio, and international collaborations, TRL Krosaki has built a strong reputation for innovation and reliability.
TRL Krosaki Financial Performance
| Year | Revenue (₹ Cr) | EBITDA (₹ Cr) | PAT (₹ Cr) | EPS (₹) | Net Profit Margin |
|---|---|---|---|---|---|
| 2021 | 1,423.92 | 84.82 | 35.72 | 17.09 | 2.51% |
| 2022 | 1,923.55 | 182.69 | 103.74 | 49.64 | 5.39% |
| 2023 | 2,295.01 | 264.63 | 158.27 | 75.73 | 6.90% |
| 2024 | 2,503.00 | 318.00 | 243.00 | 116.27 | 9.71% |
TRL Krosaki Refractories Limited Balance Sheet (₹ in Cr)
| Year | Total Assets | Borrowings | Reserves | Trade Payables |
|---|---|---|---|---|
| 2021 | 1,125.85 | 175.43 | 494.15 | 288.16 |
| 2022 | 1,328.81 | 307.52 | 583.43 | 301.84 |
| 2023 | 1,427.73 | 263.09 | 708.34 | 311.55 |
| 2024 | 1,569.00 | 153.00 | 902.00 | 299.00 |
Why Invest in TRL Krosaki Refractories Limited Unlisted Shares?
Strong Market Position – Leading player in the Indian refractories industry with global backing.
Consistent Financial Growth – Robust revenue and profit expansion over the last 4 years.
Low Debt to Equity (0.17) – Indicates financial stability and efficient capital management.
High ROE (26.33%) – Reflects efficient use of shareholders’ funds.
Growing EPS – From ₹17.09 in 2021 to ₹116.27 in 2024.
Diversified Client Base – Supplies to multiple industries including steel, cement, and glass.
FAQs on TRL Krosaki Refractories Limited Unlisted Shares
Q1. What is the current price of TRL Krosaki Refractories Limited unlisted shares?
Currently, TRL Krosaki unlisted shares are priced at ₹1,695 per share with a lot size of 25 shares.
Q2. Is TRL Krosaki profitable?
Yes. The company’s PAT grew from ₹35 Cr in FY21 to ₹243 Cr in FY24, showing strong profitability.
Q3. Who owns the majority stake in TRL Krosaki?
Krosaki Harima Corporation (Japan) holds the majority with 77.62% foreign shareholding.
Q4. How can I invest in TRL Krosaki unlisted shares?
You can invest easily through ultra’s digital platform, where unlisted shares are updated regularly.
Q5. Is it safe to invest in TRL Krosaki unlisted shares?
Yes, given the company’s low debt, strong ROE, and foreign promoter support, it is considered a strong investment opportunity, though like all investments, risks exist.