IFGL Refractories Ltd
IFGLEXPOR NSE
IFGL Refractories Ltd
Industrial ProductsNSE: IFGLEXPOR BSE: 540774 Electrodes & Refractories
Key Fundamentals
MicrocapElectrodes & RefractoriesIndustrial ProductsMarket Cap
₹1,598 Cr
Volatility
Moderate
P/E Ratio
38.91
EBITDA
₹146 Cr
Return on Equity
2.95%
Debt to Equity
0.18
Book Value
₹163
EPS
₹21.29
52W High
₹338
52W Low
₹119.68
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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53 extracted metrics + investor summaries across FY17–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company has been maintaining a healthy dividend payout of 44.8%
Weaknesses
1- Company has a low return on equity of 4.92% over last 3 years.
Growth Rate
Revenue Growth
13.98% ↗
Net Income Growth
-19.30% ↘
Cash Flow Change
124.12% ↗
ROE
-23.97% ↘
ROCE
-20.00% ↘
EBITDA Margin (Avg.)
-12.36% ↘
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 424 | 456 | 366 | 394 | 415 | 411 | 379 | 449 | 454 | 489 | 469 | 483 | 512 |
| Expenses | 368 | 388 | 370 | 359 | 368 | 379 | 362 | 415 | 418 | 451 | 446 | 444 | 475 |
| Operating Profit | 56 | 68 | -4 | 35 | 46 | 33 | 17 | 33 | 36 | 38 | 23 | 39 | 37 |
| OPM % | 13% | 15% | -1.1% | 9% | 11% | 8% | 4.4% | 7% | 8% | 8% | 4.9% | 8% | 7% |
| Other Income | 3 | 4 | 4 | 7 | 7 | 4 | 3 | 4 | 3 | 2 | -3 | 2 | 3 |
| Interest | 3 | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 5 | 4 | 4 | 4 | 3 |
| Depreciation | 16 | 16 | 16 | 17 | 17 | 18 | 18 | 20 | 19 | 20 | 20 | 21 | 14 |
| PBT | 41 | 54 | -18 | 21 | 33 | 15 | -2 | 13 | 15 | 17 | -4 | 17 | 23 |
| Tax % | 28% | 29% | -108% | 41% | 26% | 21% | 11% | 34% | 29% | 24% | -18% | 16% | 26% |
| Net Profit | 30 | 38 | 2 | 13 | 25 | 12 | -2 | 8 | 11 | 13 | -3 | 14 | 17 |
| EPS in Rs | 4.11 | 5.27 | 0.21 | 1.74 | 3.42 | 1.68 | -0.3 | 1.17 | 1.5 | 1.76 | -0.43 | 1.98 | 2.37 |
Profit & Loss
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 766 | 835 | 950 | 917 | 1,022 | 1,260 | 1,386 | 1,639 | 1,653 | 1,894 | 1,953 |
| Expenses | 667 | 729 | 841 | 825 | 865 | 1,117 | 1,233 | 1,485 | 1,523 | 1,757 | 1,816 |
| Operating Profit | 99 | 106 | 109 | 92 | 157 | 143 | 153 | 155 | 130 | 137 | 137 |
| OPM % | 13% | 13% | 12% | 10% | 15% | 11% | 11% | 9% | 8% | 7% | 7% |
| Other Income | 4 | 4 | 4 | -10 | 19 | 16 | 13 | 18 | 17 | 4 | 4 |
| Interest | 5 | 4 | 4 | 4 | 3 | 3 | 5 | 11 | 15 | 17 | 14 |
| Depreciation | 44 | 44 | 46 | 48 | 49 | 51 | 56 | 64 | 73 | 80 | 74 |
| PBT | 55 | 63 | 64 | 30 | 124 | 104 | 106 | 98 | 60 | 45 | 53 |
| Tax % | 8% | 25% | 21% | 35% | 47% | 25% | 25% | 17% | 28% | 23% | — |
| Net Profit | 50 | 47 | 50 | 19 | 66 | 77 | 79 | 82 | 43 | 35 | 41 |
| EPS in Rs | 86.16 | 6.54 | 7 | 2.7 | 9.1 | 10.75 | 10.99 | 11.33 | 5.96 | 4.81 | 5.68 |
| Div. Payout % | 1% | 15% | 18% | 46% | 55% | 33% | 32% | 31% | 59% | 45% | — |
Balance Sheet
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 72 |
| Reserves | 650 | 716 | 759 | 773 | 854 | 898 | 969 | 1,036 | 1,071 | 1,103 |
| Borrowings | 84 | 112 | 89 | 65 | 64 | 99 | 160 | 174 | 213 | 209 |
| Other Liabilities | 158 | 134 | 135 | 150 | 230 | 253 | 261 | 244 | 298 | 284 |
| Total Liabilities | 894 | 999 | 1,019 | 1,024 | 1,184 | 1,286 | 1,426 | 1,490 | 1,618 | 1,667 |
| Fixed Assets | 471 | 461 | 454 | 440 | 416 | 422 | 500 | 517 | 593 | 610 |
| CWIP | 2 | 8 | 6 | 7 | 22 | 25 | 46 | 104 | 27 | 41 |
| Investments | 12 | 13 | 46 | 94 | 128 | 135 | 132 | 126 | 105 | 68 |
| Other Assets | 409 | 516 | 513 | 483 | 618 | 704 | 748 | 743 | 893 | 949 |
| Total Assets | 894 | 999 | 1,019 | 1,024 | 1,184 | 1,286 | 1,426 | 1,490 | 1,618 | 1,667 |
Cash Flow
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 28 | 41 | 109 | 150 | 139 | 4 | 6 | 152 | 28 | 63 |
| Investing | -9 | -40 | -70 | -50 | -97 | -26 | -118 | -115 | -34 | -13 |
| Financing | -4 | 18 | -37 | -66 | -5 | -7 | 50 | -24 | -4 | -58 |
| Net Cash Flow | 14 | 19 | 3 | 33 | 38 | -29 | -62 | 13 | -9 | -8 |
| Free Cash Flow | 15 | -2 | 72 | 126 | 108 | -61 | -130 | 18 | -44 | 0 |
| CFO/OP | 48 | 53 | 114 | 163 | 101 | 21 | 23 | 113 | 42 | 66 |
Ratios
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 109 | 124 | 88 | 84 | 82 | 79 | 92 | 72 | 79 | 82 |
| Inventory Days | 94 | 94 | 120 | 113 | 129 | 154 | 153 | 132 | 179 | 152 |
| Days Payable | 118 | 109 | 95 | 99 | 119 | 111 | 94 | 79 | 104 | 86 |
| Cash Conversion Cycle | 85 | 110 | 112 | 98 | 91 | 122 | 151 | 126 | 154 | 148 |
| Working Capital Days | 68 | 83 | 75 | 72 | 68 | 80 | 94 | 75 | 83 | 86 |
| ROCE % | — | 8% | 8% | 6% | 14% | 11% | 10% | 9% | 6% | 5% |
Documents
1
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Pursuant to Regulation 30 read with sub-para 15 of Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015 ('SEBI LODR, … 2d - Pursuant to Regulation 30 read with sub-para 15 of Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015 ('SEBI LODR, …
2
Announcement under Regulation 30 (LODR)-Change in Management
1d - Vice President (Vizag Works) resigned; C Natarajan appointed effective 10 May 2026. 1d - Vice President (Vizag Works) resigned; C Natarajan appointed effective 10 May 2026.
3
Announcement under Regulation 30 (LODR)-Change in Management
1d - Mr K Selva Muthu Kumar resigned; Mr C Natarajan appointed Vice President, Vizag Works, effective 10 May 2026. 1d - Mr K Selva Muthu Kumar resigned; Mr C Natarajan appointed Vice President, Vizag Works, effective 10 May 2026.
4
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
2 May - Postal ballot approved Mihir Prakash Bajoria as Managing Director for three years from 1 March 2026. 2 May - Postal ballot approved Mihir Prakash Bajoria as Managing Director for three years from 1 March 2026.
5
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
2 May - Postal ballot approved Mihir Prakash Bajoria’s appointment as Managing Director for three years from 1 March 2026. 2 May - Postal ballot approved Mihir Prakash Bajoria’s appointment as Managing Director for three years from 1 March 2026.
Frequently Asked Questions about IFGL Refractories Ltd
What does IFGL Refractories Ltd do?
IFGL Refractories Ltd is a manufacturer of Specialized refractories and requisite operating systems for Iron and Steel Industry.[1]
It is promoted by the S.K. Bajoria Group of India and Krosaki Harima Corporation of Japan, a global leader in the refractories business.[2]
Where is IFGL Refractories Ltd (IFGLEXPOR) listed?
IFGL Refractories Ltd is listed on the Indian stock exchanges. It is listed on NSE: IFGLEXPOR and BSE: 540774. You can view its live share price, financials, and ratios on Tapetide.
Which sector does IFGL Refractories Ltd belong to?
IFGL Refractories Ltd operates in the Industrial Products sector within the Electrodes & Refractories industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of IFGL Refractories Ltd?
IFGL Refractories Ltd has a market capitalisation of approximately ₹1597.69 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of IFGL Refractories Ltd?
The Price-to-Earnings (PE) ratio of IFGL Refractories Ltd is 38.91. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of IFGL Refractories Ltd?
Over the past 52 weeks, IFGL Refractories Ltd has traded between a low of ₹119.68 and a high of ₹338. This range helps investors understand the stock's price volatility and recent trading levels.
Does IFGL Refractories Ltd pay dividends?
Yes, IFGL Refractories Ltd has a dividend yield of 0.96%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of IFGL Refractories Ltd?
IFGL Refractories Ltd has a Return on Equity (ROE) of 2.95%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research IFGL Refractories Ltd on Tapetide?
On Tapetide, you can view IFGL Refractories Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
IFGL Refractories Ltd is a manufacturer of Specialized refractories and requisite operating systems for Iron and Steel Industry.[1] It is promoted by the S.K. Bajoria Group of India and Krosaki Harima Corporation of Japan, a global leader in the refractories business.[2]
Website ifglgroup.com
CEO Mr. Shishir Kumar Bajoria
Employees 1,181
Listed 2017-11-14
Face Value ₹ 10
Issued Size 7,20,78,624