Tata Group’s TRL Krosaki FY24 Results: Next Multibagger Stock?
Tata Group has a company that has made a huge impact with its FY24 financial results, shaking up the steel support sector. But I’m sure many of you may not even know its name. We’re talking about TRL Krosaki Unlisted Shares!
In fact, TRL Krosaki Refractories Ltd has shown tremendous performance in FY24, shining a spotlight on Tata in the steel support sector with a 500 basis points growth in ROE! This was made possible due to a 300 basis points increase in bottom-line margins.
TRL’s revenue has grown by 9% to ₹2,516 crore, PAT has surged by 54% to ₹243 crore, EPS has jumped 54% to ₹116.42, and ROE has reached 26%. Clearly, TRL’s financial health and operational efficiency have become even stronger.
However, despite such remarkable growth, TRL is still an undervalued opportunity. Yes, TRL’s P/E is just 19, while the industry P/E is 46. So, if you’re thinking of investing in TRL, don’t wait—call Planify and make your money fly!
About TRL Krosaki Pre IPO:
TRL Krosaki Refractories Limited, a leading Indian refractory manufacturing company, was established in 1958 in Belpahar, Odisha. The company, formerly known as Tata Refractories Limited, is a joint venture with Krosaki Harima Corporation of Japan. TRL Krosaki produces a wide range of refractory products, including bricks, castables, and ramming mixes, used in various industries such as steel, cement, and aluminum. The company's products are known for their high quality, durability, and energy efficiency. With a strong focus on innovation and customer satisfaction, TRL Krosaki has established itself as a trusted partner in the refractories industry.
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