TRL Krosaki Refractories Ltd has delivered a robust performance for FY24, continuing its upward trajectory in the steel support sector. The company has successfully achieved a return on equity (ROE) increase of 500 basis points, primarily driven by a substantial 300 basis points rise in bottom line margins. Earlier, we projected that TRL Krosaki would reach net sales of ₹2,626 crore by year-end, and these latest results affirm the company's strong financial health and operational efficiency. This impressive growth follows a year in which the company had already shown strong potential with an estimated earnings per share (EPS) of ₹92.5 and a previous ROE of 27%. Despite this significant growth and strong financials, TRL Krosaki's shares remain attractively valued with a price-to-earnings (P/E) ratio of 14. This is notably lower compared to the median P/E of 46 for listed players in the industry, underscoring the potential upside for investors. The company's continued expansion and increased profitability signal a promising future, making it a compelling investment opportunity in the current market.