TATA REFRACTORIES LTD - KROSAKI
Last Traded Price
₹1775.00 ( 0.00 % )
Principles
Company Name
TATA REFRACTORIES LTD - KROSAKI
ISIN No.
INE012L01014
No. of Outstanding Shares
20900000
PAN No.
AAACT6494Q
Face Value
₹ 10.00
EPS
₹116.42
PE ratio
15.02
P/S Ratio
1.45
Market Capitalization (in Cr)
₹3657.50
Book value
₹441.73
P/BV
3.96
DRHP Filed?
No
Available on
nsdl/cdsl
Sector
(TRL) KROSAKI
CIN
U26921OR1958PLC000349
Registration Date
May 9, 1958
Stock Performance
Stock Price Over Time
Share Details
COMPANY SNAPSHOT
TRL Krosaki combines six decades of heritage, Japanese technology, and product breadth to lead India's refractory sector. With integrated quality systems, strong financials, sustainability focus, and panIndia plus overseas presence, it’s a high-performance supplier for industries requiring top-tier hightemperature materials.
Founded: 1958 as Belpahar Refractories Ltd; renamed Tata Refractories in 1986, and then TRL Krosaki after Krosaki Harima (Japan) acquired majority stake in 2011
Ownership: Subsidiary of Krosaki Harima Corporation, Japan
Headquarters & Main Plant: Belpahar, Jharsuguda, Odisha; additional facilities in Jharkhand, Tamil Nadu, Gujarat, and MP
Manufacturing Capacity: ~400,000 MT/year consolidated
Product Range & Services
- Offers full refractory spectrum: basic, dolomite, high alumina, silica, monolithics, flow-control products, taphole clay, RH-snorkel, aluminagraphite
- Only Indian company producing all refractory types under one roof (Belpahar plant)
- Robust technical offerings including refractory engineering services and onsite support
Industries & Clients
- Primary customers span steel, cement, glass, copper, aluminium, power, etc.
- Estimated 75% revenue from steel sector
- Notable clients: Tata Steel, JSW, SAIL, NMDC, Siemens, etc.
Quality, Tech & Certifications
- MultiISO & IMS certified: ISO 9001, 14001, 45001, 27001, and SA 8000 (Social Accountability)
- Inhouse Technology Centre and NABLaccredited central lab (ISO/IEC 17025)
- Cuttingedge monolithics plant (~90,000 MT/year centralized capacity) and additional specialized units
Market Position & Vision
- Leading Indian refractory maker with over 25% domestic market share and exports to 25–30 countries
- Strategic partnership with Japan-backed Krosaki Harima ensures globalstandard technology and expertise
- Emphasis on innovation, sustainability, digital integration (IoT/data analytics), and ongoing plant modernization
INDUSTRY OUTLOOK
Market Size & Growth
The Indian refractories market was valued at approximately ₹23,300 crore in 2024.
It is projected to grow to around ₹37,700 crore by 2030, reflecting a compound annual growth rate (CAGR) of ~8.3%.
Growth is driven by rising demand from core sectors like steel (65% share), cement (15–20%), and glass/ceramics.
Key Demand Drivers
- Steel sector expansion: India's crude steel capacity was 198.5 million tonnes in 2024-25. India targets crude steel capacity of 300 million tonnes by 2030. Each tonne of steel consumes 10–12 kg of refractories, ensuring sustained demand.
- Cement and infrastructure growth: Massive infrastructure projects and housing demand are pushing cement production, further increasing refractory use.
- Emerging glass & renewable energy sectors: Solar panel production and float glass demand are emerging as new consumption verticals.
Industry Trends
- Shift to monolithic refractories: Faster installation, reduced joints, and energy efficiency are making castables and unshaped refractories the preferred choice.
- Domestic raw material push: India is working to reduce import dependency (currently ~50–65%) by tapping local reserves of bauxite, sillimanite, and chromite.
- Technology and automation: Major players are investing in smart linings, digital monitoring, and high-performance formulations.
- Sustainability & recycling: The recycled refractories market in India is estimated at ₹7,000 crore in 2024, with potential to cross ₹11,600 crore by 2030 (CAGR ~9.2%).
Conclusion
India’s refractories industry is on a robust growth trajectory, expected to rise from ₹23,300 crore in 2024 to ₹37,700 crore by 2030. Demand will be fueled by infrastructure-led industrial growth, steel production targets, and a focus on domestic manufacturing. Strategic investments in technology, raw material security, and sustainability will be crucial to unlocking long-term value.
LATEST SHAREHOLDING
| Shareholder Category | No. of Shares | % of Total |
|---|---|---|
| Krosaki Harima Corporation (Foreign Holdings) | 162,22,864 | 77.62% |
| Government Companies (SAIL) | 22,03,150 | 10.54% |
| FIs, Insurance Companies & Banks | 9,62,500 | 4.61% |
| Other Corporate Bodies | 4,45,143 | 2.13% |
| Individuals & Others (incl. Directors) | 10,66,243 | 5.10% |
| Total | 2,09,00,000 | 100% |
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