IFGL Refractories Ltd
IFGLEXPOR NSE
IFGL Refractories Ltd
IndustrialsNSE: IFGLEXPOR BSE: 540774 Electrodes & Refractories
Key Fundamentals
MicrocapElectrodes & RefractoriesIndustrial ProductsMarket Cap
₹938 Cr
Volatility
Moderate
P/E Ratio
32.9
Book Value
₹157.86
52W High
₹747
52W Low
₹411
Technical Indicators
Key Insights
Strengths
2- Stock is trading at 0.87 times its book value
- Company has been maintaining a healthy dividend payout of 40.5%
Weaknesses
1- Company has a low return on equity of 6.58% over last 3 years.
Growth Rate
Revenue Growth
-7.85% ↘
Net Income Growth
-35.00% →
Cash Flow Change
-
ROE
4.00% ↗
ROCE
-
EBITDA Margin (Avg.)
-
Quarterly Results
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Depreciation | 13.38 | 15.85 | 15.61 | 15.51 | 15.7 | 17.45 | 17.08 | 17.7 | 18 | 19.96 | 19.2 | 19.75 | 19.99 |
| EPS in Rs | 2.19 | 4.08 | 4.11 | 5.27 | 0.21 | 1.74 | 3.42 | 1.68 | -0.3 | 1.17 | 1.5 | 1.76 | -0.43 |
| Expenses | 282 | 320 | 368 | 388 | 370 | 359 | 368 | 379 | 362 | 415 | 418 | 451 | 446 |
| Interest | 1.26 | 0.69 | 2.54 | 2.43 | 2.72 | 3.35 | 2.62 | 3.44 | 3.53 | 4.16 | 4.63 | 3.55 | 3.88 |
| Net Profit | 15.79 | 29.42 | 29.61 | 38 | 1.52 | 12.54 | 24.65 | 12.08 | -2.18 | 8.43 | 10.81 | 12.69 | -3.08 |
| OPM % | 10.86% | 13.14% | 13.21% | 14.88% | -1.14% | 8.83% | 11.12% | 7.93% | 4.4% | 7.41% | 7.93% | 7.77% | 4.92% |
| Operating Profit | 34.32 | 48.37 | 55.99 | 67.78 | -4.18 | 34.78 | 46.1 | 32.61 | 16.68 | 33.23 | 36 | 37.99 | 23.08 |
| Other Income | 2.34 | 7.76 | 3.45 | 3.94 | 4.16 | 7.22 | 6.93 | 3.91 | 2.89 | 3.68 | 3 | 2.01 | -2.95 |
| PBT | 22.02 | 39.59 | 41.29 | 53.78 | -18.44 | 21.2 | 33.33 | 15.38 | -1.96 | 12.79 | 15.17 | 16.7 | -3.74 |
| Sales | 316 | 368 | 424 | 456 | 366 | 394 | 415 | 411 | 379 | 449 | 454 | 489 | 469 |
| Tax % | 28.29% | 25.69% | 28.29% | 29.34% | -108.24% | 40.85% | 26.04% | 21.46% | 11.22% | 34.09% | 28.74% | 24.01% | -17.65% |
Profit & Loss
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Depreciation | 44 | 44 | 46 | 48 | 49 | 51 | 56 | 64 | 73 | 79 |
| Div. Payout % | 1% | 15% | 18% | 46% | 55% | 33% | 32% | 31% | 59% | — |
| EPS in Rs | 86.16 | 6.54 | 7 | 2.7 | 9.1 | 10.75 | 10.99 | 11.33 | 5.96 | 4 |
| Expenses | 667 | 729 | 841 | 825 | 865 | 1,117 | 1,233 | 1,485 | 1,524 | 1,730 |
| Interest | 5 | 4 | 4 | 4 | 3 | 3 | 5 | 11 | 14 | 16 |
| Net Profit | 50 | 47 | 50 | 19 | 66 | 77 | 79 | 82 | 43 | 29 |
| OPM % | 13% | 13% | 12% | 10% | 15% | 11% | 11% | 9% | 8% | 7% |
| Operating Profit | 99 | 106 | 109 | 92 | 157 | 143 | 153 | 155 | 129 | 130 |
| Other Income | 4 | 4 | 4 | -10 | 19 | 16 | 13 | 18 | 17 | 6 |
| PBT | 55 | 63 | 64 | 30 | 124 | 104 | 106 | 98 | 60 | 41 |
| Sales | 766 | 835 | 950 | 917 | 1,022 | 1,260 | 1,386 | 1,639 | 1,653 | 1,860 |
| Tax % | 8% | 25% | 21% | 35% | 47% | 25% | 25% | 17% | 28% | — |
Balance Sheet
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Borrowings | 84 | 112 | 89 | 65 | 64 | 99 | 160 | 174 | 213 | 217 |
| CWIP | 2 | 8 | 6 | 7 | 22 | 25 | 46 | 104 | 27 | 33 |
| Equity Capital | 3 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 72 |
| Fixed Assets | 471 | 461 | 454 | 440 | 416 | 422 | 500 | 517 | 593 | 600 |
| Investments | 12 | 13 | 46 | 94 | 128 | 135 | 132 | 126 | 105 | 67 |
| Other Assets | 409 | 516 | 513 | 483 | 618 | 704 | 748 | 743 | 893 | 1,037 |
| Other Liabilities | 158 | 134 | 135 | 150 | 230 | 253 | 261 | 244 | 298 | 382 |
| Reserves | 650 | 716 | 759 | 773 | 854 | 898 | 969 | 1,036 | 1,071 | 1,066 |
| Total Assets | 894 | 999 | 1,019 | 1,024 | 1,184 | 1,286 | 1,426 | 1,490 | 1,618 | 1,737 |
| Total Liabilities | 894 | 999 | 1,019 | 1,024 | 1,184 | 1,286 | 1,426 | 1,490 | 1,618 | 1,737 |
Cash Flow
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| CFO/OP | 48 | 53 | 114 | 163 | 101 | 21 | 23 | 113 | 43 |
| Financing | -4 | 18 | -37 | -66 | -5 | -7 | 50 | -24 | -4 |
| Investing | -9 | -40 | -70 | -50 | -97 | -26 | -118 | -115 | -34 |
| Operating | 28 | 41 | 109 | 150 | 139 | 4 | 6 | 152 | 28 |
| Free Cash Flow | 15 | -2 | 72 | 126 | 108 | -61 | -130 | 18 | -44 |
| Net Cash Flow | 14 | 19 | 3 | 33 | 38 | -29 | -62 | 13 | -9 |
Ratios
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash Conversion Cycle | 85 | 110 | 112 | 98 | 91 | 122 | 151 | 126 | 154 |
| Days Payable | 118 | 109 | 95 | 99 | 119 | 111 | 94 | 79 | 104 |
| Debtor Days | 109 | 124 | 88 | 84 | 82 | 79 | 92 | 72 | 79 |
| Inventory Days | 94 | 94 | 120 | 113 | 129 | 154 | 153 | 132 | 179 |
| ROCE % | — | 8% | 8% | 6% | 14% | 11% | 10% | 9% | 6% |
| Working Capital Days | 68 | 83 | 75 | 72 | 68 | 80 | 94 | 75 | 83 |
Documents
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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 Industrials 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 ₹937.53 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 32.90. 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 ₹411 and a high of ₹747. 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 2.66%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
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