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TATA REFRACTORIES LTD - KROSAKI
Last Traded Price
₹1900.00 ( 0.00 % )
Principles
Company Name(TRL) KROSAKI
Market Cap₹ 4285.00
ISIN No.INE012L01014
No. of Outstanding Shares20900000
PAN No.AAACT6494Q
PE ratio12.50
CINU26921OR1958PLC000349
Book value₹ 575.00
SectorMetals
P/BV3.56
DRHP Filed?No
P/S Ratio1.62
Available onNSDL
EPS₹ 164.00
Registration DateMay 9, 1958
Face Value₹ 10.00
Stock Performance
Company Details
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%).
Peer Comparison
| Company | Face Value (₹) | Market Cap (₹ Cr) | P/E (x) | Revenue (₹ Cr) | PAT (₹ Cr) | EPS |
|---|---|---|---|---|---|---|
| TATA REFRACTORIES LTD - KROSAKI | 10.00 | 4285.00 | 12.50 | 2100.00 | 2125.00 | 164.00 |
| RHI Magnesita India Ltd. | 10.00 | 9137.00 | 45.00 | 3756.00 | 165.00 | 9.81 |
| Vesuvius India Ltd. | 2.00 | 10240.00 | 41.00 | 1959.00 | 251.00 | 13.03 |
| IFGL Refractories Ltd. | 10.00 | 2055.00 | 60.00 | 1692.00 | 29.00 | 5.96 |
| Monolithisch India Ltd. | 10.00 | 975.00 | 67.00 | 97.30 | 14.40 | 8.98 |
| Orient Ceratech Ltd. | 10.00 | 443.00 | 39.00 | 333.00 | 11.30 | 0.83 |
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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