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IFGL Refractories Overview

IFGL Refractories Ltd is engaged within the production, buying and selling and promoting of specialised refractory gadgets. The Company manufactures considered necessary operating systems for iron and steel enterprise. Its geographical segments include India; United Kingdom; Europe other than United Kingdom; Asia aside from India; Americas, and Others. Its merchandise consist of isostatic refractories, including Ladle Shroud and Subentry Shroud/Nozzle; slide gate refractories, including Slide Gate Mechanism and Slide Gate Refractories; tube cha...Read More

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IFGL Refractories Key Financials

Market Cap ₹1297 Cr.

Stock P/E 30.2

P/B 1.1

Current Price ₹179.9

Book Value ₹ 157.4

Face Value 10

52W High ₹339.5

Dividend Yield 1.95%

52W Low ₹ 120.1

IFGL Refractories Share Price

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Volume
Price

IFGL Refractories Quarterly Price

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IFGL Refractories Peer Comparison

IFGL Refractories Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 456 366 394 415 411 379 449 454 489 469
Other Income 4 4 7 7 4 3 4 3 2 2
Total Income 459 370 401 421 415 382 452 457 491 471
Total Expenditure 388 370 359 368 379 362 415 418 451 446
Operating Profit 72 -0 42 53 37 20 37 39 40 25
Interest 2 3 3 3 3 4 4 5 4 4
Depreciation 16 16 17 17 18 18 20 19 20 20
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -5
Profit Before Tax 54 -18 21 33 15 -2 13 15 17 -4
Provision for Tax 16 -20 9 9 3 0 4 4 4 -1
Profit After Tax 38 2 13 25 12 -2 8 11 13 -3
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 38 2 13 25 12 -2 8 11 13 -3
Adjusted Earnings Per Share 5.3 0.2 1.7 3.4 1.7 -0.3 1.2 1.5 1.8 -0.4

IFGL Refractories Profit & Loss

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 766 835 950 917 1022 1260 1387 1639 1653 1861
Other Income 4 14 6 11 21 25 14 19 17 11
Total Income 770 850 956 928 1042 1285 1400 1658 1670 1871
Total Expenditure 667 739 843 826 867 1126 1234 1485 1524 1730
Operating Profit 103 110 114 103 176 158 166 173 146 141
Interest 5 4 4 4 3 3 5 11 14 17
Depreciation 44 44 46 48 49 51 56 64 73 79
Exceptional Income / Expenses 0 0 0 -21 0 0 0 0 0 -5
Profit Before Tax 55 63 64 30 124 104 106 98 60 41
Provision for Tax 5 15 14 11 59 26 26 16 17 11
Profit After Tax 50 47 50 19 66 77 79 82 43 29
Adjustments -0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 50 47 50 19 66 77 79 82 43 29
Adjusted Earnings Per Share 85.7 6.5 7 2.7 9.1 10.7 11 11.3 6 4.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 1% 9% 13% 0%
Operating Profit CAGR -16% -3% 7% 0%
PAT CAGR -48% -18% 18% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -3% 14% 0% NA%
ROE Average 4% 7% 7% 7%
ROCE Average 6% 8% 10% 9%

IFGL Refractories Balance Sheet

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 686 752 795 809 890 934 1005 1072 1107
Minority's Interest 0 0 0 0 0 0 0 0 0
Borrowings 14 21 16 14 12 9 50 59 47
Other Non-Current Liabilities 61 46 5 17 58 58 124 109 154
Total Current Liabilities 192 223 204 184 224 285 360 374 454
Total Liabilities 953 1042 1019 1024 1184 1286 1539 1614 1763
Fixed Assets 471 461 454 440 416 422 500 517 593
Other Non-Current Assets 79 75 32 16 41 59 152 198 181
Total Current Assets 403 506 533 568 727 805 887 899 989
Total Assets 953 1042 1019 1024 1184 1286 1539 1614 1763

IFGL Refractories Cash Flow

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 40 54 74 76 110 148 119 57 70
Cash Flow from Operating Activities 28 41 109 150 139 4 6 152 28
Cash Flow from Investing Activities -0 -48 -71 -54 -106 -24 -123 -117 -37
Cash Flow from Financing Activities -4 18 -37 -66 -5 -7 50 -24 -4
Net Cash Inflow / Outflow 23 11 2 30 28 -27 -67 11 -13
Closing Cash & Cash Equivalent 54 74 76 110 148 119 57 70 61

IFGL Refractories Ratios

# Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 85.65 6.54 7 2.7 9.1 10.75 10.99 11.33 5.96
CEPS(Rs) 161.2 12.61 13.39 9.41 15.84 17.85 18.7 20.25 16.05
DPS(Rs) 1 1 1.25 1.25 5 3.5 3.5 3.5 3.5
Book NAV/Share(Rs) 1119.04 104.33 110.25 112.23 123.54 129.58 139.44 148.73 153.58
Core EBITDA Margin(%) 12.62 11.43 11.35 9.98 15.2 10.57 11 9.42 7.78
EBIT Margin(%) 7.54 7.92 7.13 3.66 12.45 8.52 7.97 6.64 4.43
Pre Tax Margin(%) 6.96 7.45 6.74 3.27 12.16 8.25 7.62 5.97 3.6
PAT Margin (%) 6.38 5.61 5.31 2.12 6.42 6.15 5.71 4.98 2.6
Cash Profit Margin (%) 12 10.83 10.15 7.39 11.17 10.21 9.72 8.9 7
ROA(%) 5.24 4.72 4.9 1.91 5.94 6.27 5.61 5.18 2.55
ROE(%) 7.66 6.71 6.53 2.43 7.72 8.49 8.17 7.86 3.94
ROCE(%) 7.67 8.14 7.75 3.85 14.12 10.94 10.17 9.12 5.76
Receivable days 106.42 111.5 98.52 87.37 78.35 72.49 81.85 75.12 75.56
Inventory Days 43.64 43.91 50.86 59.34 55.28 61.9 73.9 67.1 77.88
Payable days 117.78 104.9 95.57 98.82 107.52 101.64 94.29 80.21 91.59
PER(x) 0 19.18 17.22 17.19 17.38 11.97 9.55 23.86 29.4
Price/Book(x) 0 1.2 1.09 0.41 1.28 0.99 0.75 1.82 1.14
Dividend Yield(%) 0 0.8 1.04 2.69 3.16 2.72 3.34 1.29 2
EV/Net Sales(x) 0.04 1.12 0.92 0.3 0.98 0.7 0.61 1.24 0.85
EV/Core EBITDA(x) 0.3 8.48 7.65 2.69 5.69 5.59 5.1 11.78 9.6
Net Sales Growth(%) 0 9.11 13.78 -3.48 11.4 23.25 10.08 18.25 0.83
EBIT Growth(%) 0 12.66 1.84 -50.43 279.03 -15.66 2.98 -1.51 -32.68
PAT Growth(%) 0 -5.68 7.09 -61.44 237.11 18.13 2.23 3.12 -47.38
EPS Growth(%) 0 -92.37 7.09 -61.44 237.12 18.13 2.23 3.12 -47.38
Debt/Equity(x) 0.13 0.15 0.11 0.06 0.06 0.09 0.15 0.15 0.18
Current Ratio(x) 2.1 2.27 2.62 3.09 3.25 2.82 2.46 2.4 2.18
Quick Ratio(x) 1.61 1.78 1.85 2.32 2.5 1.91 1.62 1.6 1.29
Interest Cover(x) 13.04 16.76 18.36 9.3 41.61 31.5 22.84 9.86 5.33
Total Debt/Mcap(x) 0 0.12 0.1 0.15 0.05 0.09 0.2 0.08 0.16

IFGL Refractories Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 72.43 72.43 72.43 72.43 72.43 72.43 72.43 72.43 72.43 72.43
FII 0.37 0.28 0.18 0.18 0.14 0.12 0.04 0.03 0.04 0.03
DII 11.7 13.53 13.77 14 13.72 13.63 13.55 13.52 13.51 13.27
Public 15.49 13.76 13.61 13.38 13.71 13.81 13.98 14.02 14.01 14.26
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

IFGL Refractories News

IFGL Refractories Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 7% over the last 3 years.
  • Debtor days have increased from 80.21 to 91.59days.
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