1058.5000 11.70 (1.12%)
NSE Sep 01, 2025 15:31 PM
Volume: 107.1K
 

1058.50
1.12%
Motilal Oswal
Lower realization/higher costs led to 9%/6% drop in FY23E/FY24E EBITDA, which along with higher debt assumptions resulted in 20%/14% decline in profit estimates, respectively. Though, TRCL's near-term outlook looks challenging due to higher fuel costs (INR570/t increase in 3QFY22 variable cost v/s FY21 average), we expect the company to benefit from commissioning of new capacities. The stock trades at 15.9x/12.9x FY23E/24E EV/EBITDA and USD165/t capacity. We value it at 14.5x FY24E (v/s Dec-23 earlier) EV/EBITDA (in line...
Promoters unpledged 18.63% of shares in last quarter. Total pledge stands at 3.42% of promoter holdings
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