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IFGL Refractories

IFGLEXPOR NSE
₹172.54 +6.45 (+3.88%)
P/E
30.38
View as Markdown
MCP
Close 4 Nov 2026 ₹172.54 −67.32 −28.1% 1Y
Start ₹239.86

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
4.92%
Debt to Equity
0.18
EPS (TTM)
₹5.68
Book Value
₹163.00
Market Cap
—
P/E (TTM)
30.38
P/B
1.06
ROE
3.22%
Dividend Yield
1.29%
EBITDA
₹146 Cr
52W High
₹247.90
52W Low
₹119.68
Day Range
₹165.62 – ₹174.00
Volume
13,840

Peer Comparison

Industrials › Industrial Products › Electrodes & Refractories

IFGL Refractories peer comparison
Graphite
₹741.4568.02₹14,021 Cr2.420.93%3.11%4.58%₹3,029 Cr₹209 Cr
HEG
₹288.1815.49₹8,779 Cr1.991.41%7.42%8.35%₹2,639 Cr₹358 Cr
Raghav Productivity Enhancers
₹1,808.80117.84₹8,033 Cr29.500.06%24.30%30.30%₹315 Cr₹71 Cr
Vesuvius
₹370.3029.37₹7,540 Cr4.300.41%15.00%21.30%₹2,134 Cr₹257 Cr
RHI Magnesita
₹363.85—₹7,413 Cr2.110.70%2.83%6.46%₹4,074 Cr−₹353 Cr
Monolithisch
₹1,336.90100.97₹2,745 Cr19.120.00%27.80%34.80%₹154 Cr₹29 Cr
IFGL Refractories (this company)
₹172.5430.38₹1,228 Cr1.061.29%3.22%4.92%₹1,953 Cr₹41 Cr
Median 7 companies₹370.3049.20₹7,540 Cr2.420.70%7.42%8.35%₹2,134 Cr₹71 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

48 Average

Data confidence 100/100

Category scores

Quality
49
Average
Returns, margins, earnings quality 22% weight
Valuation
62
Good
Cheap vs sector & own history 24% weight
Growth
46
Average
Sales & profit trajectory 9% weight
Financial Health
47
Average
Solvency, leverage, coverage 9% weight
Momentum
29
Poor
Trend strength, vol-adjusted 12% weight
Ownership
38
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Stock is trading at 1.09 times its book value
  • 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.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1054
OscillatorsNeutral252
Moving AveragesStrong Bearish802

Key readings

RSI (14)
45.62
Neutral
MACD (12,26,9)
−6.62
Bullish
SMA (50)
190.23
Bearish
SMA (200)
185.85
Bearish

As of

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+13.13%
3Y+10.97%
1Y+14.58%
TTM+15.36%

Net profit

Net profit growth by window
5Y−11.91%
3Y−23.77%
1Y−18.60%
TTM+41.38%

Operating cash flow

Operating cash flow growth by window
5Y−14.64%
3Y+118.98%
1Y+125.00%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y−8.13 pp
3Y−3.81 pp
1Y−0.63 pp
TTM−0.02 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹766 Cr
Mar 2018₹835 Cr
Mar 2019₹950 Cr
Mar 2020₹917 Cr
Mar 2021₹1,022 Cr
Mar 2022₹1,260 Cr
Mar 2023₹1,386 Cr
Mar 2024₹1,639 Cr
Mar 2025₹1,653 Cr
Mar 2026₹1,894 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹50.00 Cr
Mar 2018₹47.00 Cr
Mar 2019₹50.00 Cr
Mar 2020₹19.00 Cr
Mar 2021₹66.00 Cr
Mar 2022₹77.00 Cr
Mar 2023₹79.00 Cr
Mar 2024₹82.00 Cr
Mar 2025₹43.00 Cr
Mar 2026₹35.00 Cr

Quarterly Results

₹ Cr
IFGLEXPOR quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
2.91
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 (₹)
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

₹ Cr
IFGLEXPOR profit and loss, annual, ₹ crore
Particulars Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
13.75
15.83
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 (₹)
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

₹ Cr
IFGLEXPOR balance sheet, annual, ₹ crore
Particulars Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

₹ Cr
IFGLEXPOR cash flow, annual, ₹ crore
Particulars Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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/EBITDA
48
53
114
163
101
21
23
113
42
66

Ratios

IFGLEXPOR financial ratios, annual
Particulars Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view IFGL Refractories insights

64 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 72.43%
  • DIIs 12.87%
  • Public 11.26%
  • Others 3.41%
  • FIIs 0.02%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about IFGL Refractories

What does IFGL Refractories Ltd do?
IFGL Refractories Ltd is a manufacturer of Specialized refractories and requisite operating systems for Iron and Steel Industry. It is promoted by the S.K. Bajoria Group of India and Krosaki Harima Corporation of Japan, a global leader in the refractories business.
Where is IFGL Refractories Ltd (IFGLEXPOR) listed?
IFGL Refractories Ltd trades as IFGLEXPOR on the NSE and under code 540774 on the BSE.
Which sector does IFGL Refractories Ltd belong to?
IFGL Refractories Ltd is classified under the Industrial Products sector, in the Electrodes & Refractories industry.
What is the PE ratio of IFGL Refractories Ltd?
IFGL Refractories Ltd trades at a PE ratio of 30.38 as of 4 Nov 2026, on earnings per share of ₹5.68, against a book value of ₹163 per share.
What is the 52-week high and low of IFGL Refractories Ltd?
Over the last 52 weeks IFGL Refractories Ltd has traded between ₹119.68 and ₹247.9 as of 4 Nov 2026.
Does IFGL Refractories Ltd pay dividends?
IFGL Refractories Ltd has a dividend yield of 1.29%.
What is the Return on Equity (ROE) of IFGL Refractories Ltd?
IFGL Refractories Ltd reported a return on equity of 3.22%. Its debt-to-equity ratio is 0.18.

Company Information

IFGL Refractories Ltd is a manufacturer of Specialized refractories and requisite operating systems for Iron and Steel Industry. It is promoted by the S.K. Bajoria Group of India and Krosaki Harima Corporation of Japan, a global leader in the refractories business.

Website ifglgroup.com
CEO Mr. Shishir Kumar Bajoria
Employees 1,181
Listed 14 Nov 2017
Face Value ₹10

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