MarketFriction

IFGL Refractories Ltd(Merged)

BSE 532133
Market cap₹448 Cr.
P/E8.58
Merged or delisted

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Jun 2014Sep 2014Dec 2014Mar 2015Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017
Sales204198192193185185171176181193183208
Expenses174175169176160171152158160164162180
Operating Profit302422162514191821292128
OPM %15%12%12%8%14%8%11%10%11%15%12%14%
Other Income111312111101
Interest122111111111
Depreciation444344444445
Profit before tax262018152110151517251622
Tax %26%30%32%46%24%33%28%21%30%21%22%27%
Net Profit1914138167111212201316
EPS in Rs5.334.013.582.424.401.712.953.072.895.163.083.95
Mar 2006Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016TTM
Sales231323378398415471604671778787717766
Expenses194276325371357428528613668695641666
Operating Profit3647532758437558110927699
OPM %16%15%14%7%14%9%12%9%14%12%11%13%
Other Income133345253753
Interest3781056787655
Depreciation566789131315141517
Profit before tax283741135033584191796180
Tax %34%29%30%52%31%26%32%39%27%32%26%
Net Profit19262963424402566534560
EPS in Rs5.377.588.231.779.917.0211.528.1518.5015.3512.1315.08
Dividend Payout %33%23%24%0%10%7%13%18%9%13%16%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth12%9%2%7%
Compounded Profit Growth8%12%14%24%
Stock Price CAGR8%%%%
Return on Equity18%17%16%11%
Mar 2006Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016
Equity Capital3535353535353535353535
Reserves24446279103127173196280310352
Borrowings8995871007914014514313111684
Other Liabilities515868397185102106128134128
Total Liabilities200231252253287386454480574595598
Fixed Assets747677112110178221230258248258
CWIP06553252142
Investments00000100008
Other Assets125149170136174205228247314343330
Total Assets200231252253287386454480574595598
Mar 2006Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016
Cash from Operating Activity-826288035245218536483
Cash from Investing Activity-56-18-6-54-12-67-9-17-6-19-21
Cash from Financing Activity76-9-26-25-2441-33-9-27-27-55
Net Cash Flow11-0-42-1-310-819187
Free Cash Flow-6416197124244820536483
CFO/OP0%81%75%325%84%72%87%65%70%98%132%
Mar 2006Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016
Debtor Days10895975579856978788492
Inventory Days121969490104104103881009078
Days Payable1179810145821098883939099
Cash Conversion Cycle1139290100100808483858471
Working Capital Days10695958184887178818385
ROCE %28%27%11%25%15%20%13%23%18%14%
Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017
Promoters71.30%71.30%71.30%71.30%71.30%
FIIs0.05%0.13%0.13%0.12%0.10%
DIIs1.90%1.93%3.09%4.33%5.00%
Government0.37%0.00%0.00%0.00%0.00%
Public26.39%26.64%25.48%24.25%23.60%
No. of Shareholders19,52919,35119,14518,29818,227

Fundamentals

Market Cap₹ 448 Cr.
Current Price₹ 279
Stock P/E8.58
Book Value₹ 117
ROCE13.8 %
ROE11.5 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)7%
Compounded Profit Growth (TTM)24%
Consolidated figures.
Valuation
P/E, 3-year average5.96x
P/B, 3-year average0.87x
P/E, 5-year average5.03x
P/B, 5-year average0.75x
Profitability
Operating margin (excl. other income)10.61%
Operating margin (incl. other income)11.31%
EBITDA margin13.34%
Pre-tax margin10.48%
Net profit margin6.81%
Net margin, latest quarter6.56%
ROE11.47%
ROCE14.09%
ROA7.03%
ROE, 3-year average17.02%
ROCE, 3-year average18.84%
ROA, 3-year average9.42%
ROE, 5-year average17.11%
ROCE, 5-year average17.99%
ROA, 5-year average8.76%
ROIC (approx.)15.13%
Tax rate25.77%
Other income / net worth1.31%
Growth
Sales growth (latest year)-8.87%
Profit growth (latest year)-20.98%
Sales CAGR, 3 years2.22%
Sales CAGR, 5 years8.76%
Profit CAGR, 3 years14.15%
Profit CAGR, 5 years11.56%
Sales growth QoQ13.86%
Profit growth QoQ28.57%
Sales growth YoY (latest quarter)18.07%
Profit growth YoY (latest quarter)28.93%
Per share
EPS (TTM)Rs 32.54
EPS (latest year)Rs 12.12
EPS (latest quarter)Rs 8.53
EPS, 3-year averageRs 15.32
EPS, 5-year averageRs 13.13
Book value per shareRs 241.20
Sales per shareRs 477.54
Cash flow per shareRs 51.79
Free cash flow per shareRs 51.77
Dividend per share (latest year)Rs 2.00
Dividend per share, 3-year averageRs 1.92
Dividend per share, 5-year averageRs 1.75
Dividends
Dividend payout16.49%
Dividend payout, 3-year average13.00%
Dividend payout, 5-year average14.08%
Efficiency
Asset turnover1.20x
Fixed asset turnover2.78x
Inventory turnover5.37x
Inventory days68 days
Debtor days92 days
Debtors turnover3.98x
Creditor days99 days
Cash conversion cycle71 days
Working capital days85 days
Leverage
Total debtRs 84 Cr
Cash and bankRs 55 Cr
Net debtRs 29 Cr
Debt to equity0.22x
Net debt / EBITDA0.28x
Interest coverage18.71x
Owners' fund to total sources64.66%
Debt to assets14.00%
Cash flow
Cash from Operating Activity (latest year)Rs 83 Cr
Cash from Investing Activity (latest year)Rs -21 Cr
Cash from Financing Activity (latest year)Rs -55 Cr
Net Cash Flow (latest year)Rs 7 Cr
Free cash flow (latest year)Rs 83 Cr
FCFE (approx.: FCF + change in debt)Rs 51 Cr
Cash from ops / profit, 5 years1.18x
Sales to cash flow8.64x
Statement figures
Net sales (TTM)Rs 766 Cr
Net sales (latest year)Rs 717 Cr
Sales (latest quarter)Rs 208 Cr
Operating profit excl. other income (latest year)Rs 76 Cr
Operating profit (latest quarter)Rs 28 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 102 Cr
PBDT (TTM)Rs 98 Cr
Profit before tax (TTM)Rs 80 Cr
Tax (latest year)Rs 16 Cr
Net profit (TTM)Rs 52 Cr
Net profit (latest year)Rs 42 Cr
Net profit (latest quarter)Rs 14 Cr
Depreciation (TTM)Rs 17 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 419 Cr
Total expenditure (latest year)Rs 641 Cr
Total income (latest year)Rs 722 Cr
Share capitalRs 35 Cr
ReservesRs 352 Cr
Shareholders' fundsRs 387 Cr
Total assetsRs 598 Cr
Net blockRs 258 Cr
Capital work in progressRs 2 Cr
InvestmentsRs 8 Cr
ReceivablesRs 180 Cr
InventoryRs 78 Cr
Other liabilitiesRs 128 Cr
Shares outstanding (crore)1.60
Ownership
Promoter holding71.30% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
Not enough price history.

Red flags

F-score 5 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Mar 2017
Sales ₹208 Cr +18.2% vs Mar 2016. Net profit ₹16 Cr +33.3%.

Activity

Compare
No listed peers in this industry.
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of IFGL Refractories Ltd(Merged)?

IFGL Refractories Ltd(Merged) (532133) has a market capitalisation of Rs 448 Cr. at the close.

What is the P/E ratio of IFGL Refractories Ltd(Merged)?

IFGL Refractories Ltd(Merged) trades at a P/E of 8.58 on trailing twelve-month profit, at the close.

What were IFGL Refractories Ltd(Merged)'s latest quarterly results?

In the Mar 2017 quarter, IFGL Refractories Ltd(Merged) sales was Rs 208 Cr (+18.2% vs Mar 2016) and net profit was Rs 16 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03