TRL Krosaki Refractories Unlisted Shares
TRL Krosaki Refractories Ltd.
INE012L01014
Listing Status: DRHP Not Filed
About TRL Krosaki Refractories Unlisted Shares
Overview of TRL Krosaki Refractories Unlisted Shares
Established in 1958, TRL Krosaki Refractories Limited (formerly Tata Refractories Limited) is the leading refractory company in India. TRL Krosaki, widely known for its world class product quality and superior technical support services, is the only refractory company in India which manufactures all types and qualities of refractories under one roof at its Main Plant located at Belpahar, Odisha, India. They are an integrated management system (IMS) driven company, committed to quaity, safety, and sustainability. They have a consolidated installed capacity of 4,00,000 MT per annum. They boast well-equipped and modern plants, a world-class technology center, and an NABL certified central laboratory.
Company's Timeline:
1958: The company is established as Tata Refractories Limited (TRL), a joint venture between Tata Iron & Steel Company, India and Didier Werke, Germany
1960: TRL sets up its first manufacturing plants in Jamshedpur, Jharkhand and Belpahar, Odisha, laying the foundation for its domestic leadership
2006: TRL forms a strategic partnership with Krosaki Refractories Co., Ltd. of Japan, a leading global refractory manufacturer
2010: Tata sold 51% of its shares to Krosaki Harima Corporation, and the refractory company's name was changed to TRL Krosaki Refractories Limited
2023: The company is awarded the 23rd Greentech Environmental Excellence Award, recognizing its commitment to sustainability
Company's Initiatives
- Enhanced Customer Service: The Company has increased its customer service by continuously monitoring performance of refractories by its technical experts at customers' site
- New capital investments: Made to improve the quality in Dolomite and Basic departments and increasing capacity in Tap Hole Clay department
- Sales Growth Strategy: Increase in sales by focusing on few customers who accepts superior products than lowest prices thus competing only with superior product suppliers
- New Product launch: The Company's newly commenced Alumina Graphite (AG) refractories products are giving good results and the product has been well accepted by the customers
Product Categories:
- Basic Refractories: Made from magnesia, lime, and dolomite, these are ideal for high-temperature applications in steel melting vessels and cement kilns
- Dolomite Refractories: Composed primarily of dolomite minerals, they offer good thermal stability and are used in steel converters and ladles
- High Alumina Refractories: Made with high alumina content, they provide excellent strength, wear resistance, and corrosion resistance used in furnaces, boilers, and glass melters
- Monolithic Refractories: These pre-cast or pre-mixed refractories offer ease of installation and are ideal for complex shapes and repairs
- Silica Refractories: Composed mainly of silicon dioxide, they provide good thermal insulation and are used in coke ovens and glass furnaces
- Flow Control Products: These specialized refractories control and regulate the flow of molten materials in various industrial processes
- Tap Hole Clay: This specially formulated clay forms an effective seal around the tap hole in furnaces, preventing metal leaks
- RH Snorkel: This critical refractory component is used in processes like ladle metallurgy for efficient gas purging and molten metal treatment
- Alumina Graphite (AG) Refractories: Combining the strengths of alumina and graphite, they offer excellent thermal conductivity and resistance to erosion, used in aluminum melting applications
Clientele:
TRL Krosaki has a wide customer base in Steel, Cement, Glass, Copper and Aluminium industries in India.
Insights of TRL Krosaki Refractories Unlisted Shares
Financial Insights:
The company has seen a consistent growth in its revenue at a 5 year CAGR of 7.59% for the last 5 years and the PAT has grown at a CAGR of 12.68% for the same period , indicating strong demand for its products or services. The growth in EBDITA margins also indicates improved operational efficiency and cost management.
The company's strategy of leveraging stockiest to reach small customers has yielded positive outcomes, evident in a significant 29% increase in revenue from stockiest sales. Additionally, revenue generated from identified Focus Products has surged by 18%. This indicates a successful penetration strategy and effective product targeting. Moreover, enhanced technical services at customer sites, coupled with improved product performance, have played a pivotal role in sustaining a commendable 70% market share in Dolomite refractories.
In Crores | |||
Particulars | 31st March, 2023 | 31st March, 2022 | YoY% increase |
Revenue | 2300 | 1924 | 19.50% |
EBITDA | 269 | 183 | 46.75% |
PBT | 207 | 137 | 52% |
PAT | 155 | 103 | 51% |
EPS | 75.73 | 49.64 |
Revenue Split:
International Business registered a growth of 5% in FY 2022- 2023 and achieved 323 Cr. in revenue. Major business growth came from Middle East, Brazil & Zambia.
In Crores | |||
Revenue from operations | 31st March, 2023 | 31st March, 2022 | YoY% increase |
Sale of products | 2019 | 1711 | 18% |
Sale of services | 244 | 185 | 32% |
Other operationg revenue | 33 | 26 | 27% |
Total Revenue | 2295 | 1921 | 19.5% |
Total other income | 4 | 3 | 34.5% |
Industry future outlook
The Global Refractories Market size is estimated at 55.16 Million tons in 2024 and is expected to reach 67.12 Million tons by 2029, growing at a CAGR of 4% during the forecast period (2024-2029). The Indian refractory industry is expected to maintain a positive growth trajectory, driven by several factors:
- Growing Refractory Market: The Indian refractory market is expected to reach USD 5.2 billion by 2027, with a CAGR of 3.89% . This growth is driven by the expansion of key user industries like steel and cement.
- Strong Domestic Steel Industry: India's steel production is projected to grow to 230 MT by 2030, which will directly increase demand for refractory products used in steel manufacturing processes.Infrastructure Development:
- Government initiatives in infrastructure development (roads, ports, etc.) will further boost demand for refractories in construction materials like cement.
As per the data below, it indicates that the South Asian region, including India, demonstrates a notably higher growth trajectory within the refractory industry.
Market Share of Refractory companies in India:
As per the data below from FY 2021, TRL Krosaki Ltd emerges as a significant player in the Indian refractory industry, holding the second-largest market share of 14.3%.
Dividend Payout
TRL Krosaki had consistently
paid dividends over the years offering a reliable source of income for
investors while also indicating financial stability and consistent
profitability, making it an attractive investment opportunity.
Financial Year | Dividend per share | Dividend Payout Ratio |
FY 2022-23 | ₹ 22.50 | 30% |
FY 2021-22 | ₹ 15.00 | 30% |
FY 2020-21 | ₹ 6.40 | 37% |
FY 2019-20 | ₹ 14.50 | 29% |
FY 2018-19 | ₹ 12.20 | 29% |
Financial Charts of TRL Krosaki Refractories Unlisted Shares
Balance Sheet of TRL Krosaki Refractories Unlisted Shares
Profit and Loss of TRL Krosaki Refractories Unlisted Shares
Ancillary of TRL Krosaki Refractories Unlisted Shares
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of TRL Krosaki Refractories Unlisted Shares
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How to buy TRL Krosaki Refractories Ltd.?
Below are three ways through which you can purchase TRL Krosaki Refractories Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy TRL Krosaki Refractories Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell TRL Krosaki Refractories Ltd.?
Below are three ways through which you can sell TRL Krosaki Refractories Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell TRL Krosaki Refractories Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of TRL Krosaki Refractories Ltd.?
We provide a two way quote on all the shares we deal in. Your buy price for TRL Krosaki Refractories Ltd. is ₹1855 and your sell price for TRL Krosaki Refractories Ltd. is ₹1650. The price is based on our estimates and market conditions.
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What is the lock-in period of TRL Krosaki Refractories Ltd.?
The lock-in period for TRL Krosaki Refractories Ltd. varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of TRL Krosaki Refractories Ltd.
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of TRL Krosaki Refractories Ltd.
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the TRL Krosaki Refractories Ltd. price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of TRL Krosaki Refractories Ltd.. The price is also determined from the most recent funding round for TRL Krosaki Refractories Ltd.. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of TRL Krosaki Refractories Ltd.?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of TRL Krosaki Refractories Ltd. with us kindly click here.
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What are the financials of TRL Krosaki Refractories Ltd.?
The financials of TRL Krosaki Refractories Ltd. which includes the P/L of TRL Krosaki Refractories Ltd. and the Balance Sheet of TRL Krosaki Refractories Ltd. is in the financials section (Click on link).
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Where can I find the annual report of TRL Krosaki Refractories Ltd.?
The annual report of TRL Krosaki Refractories Ltd. is available in the annual report section (Click on link).
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Is buying TRL Krosaki Refractories Ltd. legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on TRL Krosaki Refractories Ltd.?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on TRL Krosaki Refractories Ltd. and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on TRL Krosaki Refractories Ltd. once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source TRL Krosaki Refractories Ltd.?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying TRL Krosaki Refractories Ltd. from its platform?
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