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SP Refractories

SPRL NSE
₹133.25 −7.00 (−4.99%)
View as Markdown
MCP
Close 4 Nov 2026 ₹133.25 −56.20 −29.7% 1Y
Start ₹189.45

Key Fundamentals

SMEIndustrial ProductsCapital Goods

Price-based figures as of · TTM

ROCE
28.60%
Debt to Equity
0.07
EPS (TTM)
—
Book Value
₹90.07
Market Cap
—
P/E (TTM)
—
P/B
1.48
ROE
24.60%
Dividend Yield
0.71%
EBITDA
₹5.30 Cr
52W High
₹189.45
52W Low
₹74.50
Day Range
₹133.25 – ₹133.25
Volume
800

Peer Comparison

Industrials › Industrial Products › Electrodes & Refractories

SP 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
₹172.5430.38₹1,228 Cr1.061.29%3.22%4.92%₹1,953 Cr₹41 Cr
SP Refractories (this company)
₹133.25—₹25 Cr1.480.71%24.60%28.60%——
Median 8 companies₹367.0849.20₹7,477 Cr2.260.71%11.21%14.83%₹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.

Key Insights

Strengths

2
  • Company has reduced debt.
  • Company is almost debt free.

Weaknesses

1
  • The company has delivered a poor sales growth of 1.85% over past five years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish0613
OscillatorsBullish063
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
67.19
Neutral
MACD (12,26,9)
9.78
Bullish
SMA (50)
103.33
Bullish
SMA (200)
127.99
Bullish

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.

Revenue

Revenue growth by window
5Y+1.85%
3Y+1.10%
1Y−6.94%

Net profit

Net profit growth by window
5Y+36.31%
3Y+78.56%
1Y+68.90%

Operating cash flow

Operating cash flow growth by window
5YTurned positive
3Y+47.29%
1Y−12.67%

Operating margin· change in pp

Operating margin growth by window
5Y+13.11 pp
3Y+13.36 pp
1Y+7.15 pp

Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.

Revenue by year

Revenue by year, ₹ crore
Mar 2019₹18.53 Cr
Mar 2020₹20.97 Cr
Mar 2021₹25.69 Cr
Mar 2022₹31.51 Cr
Mar 2023₹27.24 Cr
Mar 2024₹28.81 Cr
Mar 2025₹30.25 Cr
Mar 2026₹28.15 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2019₹0.21 Cr
Mar 2020₹0.40 Cr
Mar 2021₹0.75 Cr
Mar 2022₹0.98 Cr
Mar 2023₹0.62 Cr
Mar 2024₹1.56 Cr
Mar 2025₹2.09 Cr
Mar 2026₹3.53 Cr

Half-yearly Results

₹ Cr
SPRL half-yearly results, ₹ crore
Particulars Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales
16.01
14.47
17.04
14.6
12.63
13.94
14.88
14.41
15.85
16.3
11.85
Expenses
15.49
13.14
16.39
14.03
11.72
12.58
13.36
12.72
14.02
13.06
9.8
Operating Profit
0.52
1.33
0.65
0.57
0.91
1.36
1.52
1.69
1.83
3.24
2.05
OPM %
3.25%
9.19%
3.81%
3.9%
7.21%
9.76%
10.22%
11.73%
11.55%
19.88%
17.3%
Other Income
0.02
0
0.01
0.01
0
0
0.03
0
0.01
0
0.02
Interest
0.12
0.12
0.29
0.26
0.15
0.14
0.28
0.18
0.16
0.1
0.05
Depreciation
0.12
0.12
0.1
0.12
0.12
0.18
0.15
0.2
0.2
0.21
0.21
PBT
0.3
1.09
0.27
0.2
0.64
1.04
1.12
1.31
1.48
2.93
1.81
Tax %
26.67%
25.69%
37.04%
25%
26.56%
27.88%
27.68%
25.95%
24.32%
25.26%
25.97%
Net Profit
0.22
0.81
0.18
0.14
0.47
0.75
0.81
0.97
1.12
2.2
1.33
EPS (₹)
1.47
5.43
1.01
0.78
2.63
4.19
4.53
5.42
6.26
12.29
7.43

Profit & Loss

₹ Cr
SPRL profit and loss, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
18.53
20.97
25.69
31.51
27.24
28.81
30.25
28.15
Expenses
17.65
19.78
24.23
29.51
25.76
25.91
26.73
22.86
Operating Profit
0.88
1.19
1.46
2
1.48
2.9
3.52
5.29
OPM %
4.75%
5.67%
5.68%
6.35%
5.43%
10.07%
11.64%
18.79%
Other Income
0.03
0.03
0.03
0.01
0.01
0.03
0.01
0.02
Interest
0.4
0.44
0.21
0.42
0.41
0.43
0.34
0.15
Depreciation
0.22
0.22
0.24
0.22
0.24
0.33
0.4
0.42
PBT
0.29
0.56
1.04
1.37
0.84
2.17
2.79
4.74
Tax %
24.14%
26.79%
27.88%
27.74%
26.19%
28.11%
25.09%
25.53%
Net Profit
0.21
0.4
0.75
0.98
0.62
1.56
2.09
3.53
EPS (₹)
1.4
2.67
5.03
5.48
3.46
8.72
11.68
19.73
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%

Balance Sheet

₹ Cr
SPRL balance sheet, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.5
0.5
1.49
1.79
1.79
1.79
1.79
1.79
Reserves
3.02
3.42
3.18
6.53
7.15
8.71
10.8
14.33
Borrowings
3.75
4.13
3.79
5.07
5.42
4.68
4.44
1.06
Other Liabilities
0.65
0.94
2.11
1.9
1.74
1.96
1.85
1.59
Total Liabilities
7.92
8.99
10.57
15.29
16.1
17.14
18.88
18.77
Fixed Assets
2.07
2.01
1.9
4.04
3.89
7.12
7.11
7.55
CWIP
0
0
0
0.76
2.41
0
0
0
Investments
0
0
0.01
0.01
0.01
0.01
0.01
0.06
Other Assets
5.85
6.98
8.66
10.48
9.79
10.01
11.76
11.16
Total Assets
7.92
8.99
10.57
15.29
16.1
17.14
18.88
18.77

Cash Flow

₹ Cr
SPRL cash flow, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
0.84
0.79
−0.66
0.8
0.41
1.59
1.5
1.31
Investing
−0.17
−0.16
−0.11
−3.13
−1.73
−1.15
−0.38
−0.89
Financing
−0.65
−0.64
0.76
3.15
0.51
−0.44
−1.12
−0.41
Net Cash Flow
0.01
−0.01
−0.01
0.82
−0.81
0
0
0
Free Cash Flow
0.65
0.63
−0.79
−2.34
−1.33
0.44
1.11
0.44
CFO/EBITDA
105
80
−24
60
44
73
61
47

Ratios

SPRL financial ratios, annual
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
78.99
77.8
98.74
70.2
81.6
81.21
76.5
63.92
Inventory Days
33.01
31.72
27.69
37.05
54.34
58.31
100
145
Days Payable
3.85
9.85
20.12
24.48
24.49
23.41
19.54
19.39
Cash Conversion Cycle
108
99.67
106
82.76
111
116
157
189
Working Capital Days
28.36
20.71
42.91
44.02
62.17
68.67
82.05
125
ROCE %
—
13.05%
15.14%
16.38%
9.01%
17.6%
19.43%
28.59%

Insights

Beta

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

Log in to view SP Refractories insights

53 extracted metrics across FY19–FY26.

Shareholding Pattern

As of Mar 2026

  • Promoters 69.42%
  • Public 22.08%
  • Others 8.49%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about SP Refractories

What does SP Refractories Ltd do?
Incorporated in 2007, SP Refractories Ltd manufactures and supplies refractory material
Where is SP Refractories Ltd (SPRL) listed?
SP Refractories Ltd trades as SPRL on the NSE.
Which sector does SP Refractories Ltd belong to?
SP Refractories Ltd is classified under the Industrial Products sector, in the Electrodes & Refractories industry.
What is the 52-week high and low of SP Refractories Ltd?
Over the last 52 weeks SP Refractories Ltd has traded between ₹74.5 and ₹189.45 as of 4 Nov 2026.
Does SP Refractories Ltd pay dividends?
SP Refractories Ltd has a dividend yield of 0.71%.
What is the Return on Equity (ROE) of SP Refractories Ltd?
SP Refractories Ltd reported a return on equity of 24.60%. Its debt-to-equity ratio is 0.07.

Company Information

Incorporated in 2007, SP Refractories Ltd manufactures and supplies refractory material

Website sprefractories.com
Listed 22 Mar 2022
Face Value ₹10

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