Price
Financials
Consolidated, Rs crore| 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 | 456 | 366 | 394 | 415 | 411 | 379 | 449 | 454 | 489 | 469 | 483 | 512 |
| Expenses | 388 | 370 | 359 | 368 | 379 | 362 | 415 | 418 | 451 | 446 | 444 | 475 |
| Operating Profit | 68 | -4 | 35 | 46 | 33 | 17 | 33 | 36 | 38 | 23 | 39 | 37 |
| OPM % | 15% | -1.1% | 9% | 11% | 8% | 4.4% | 7% | 8% | 8% | 4.9% | 8% | 7% |
| Other Income | 4 | 4 | 7 | 7 | 4 | 3 | 4 | 3 | 2 | -3 | 2 | 3 |
| Interest | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 5 | 4 | 4 | 4 | 3 |
| Depreciation | 16 | 16 | 17 | 17 | 18 | 18 | 20 | 19 | 20 | 20 | 21 | 14 |
| Profit before tax | 54 | -18 | 21 | 33 | 15 | -2 | 13 | 15 | 17 | -4 | 17 | 23 |
| Tax % | 29% | -108% | 41% | 26% | 21% | 11% | 34% | 29% | 24% | -18% | 16% | 26% |
| Net Profit | 38 | 2 | 13 | 25 | 12 | -2 | 8 | 11 | 13 | -3 | 14 | 17 |
| EPS in Rs | 5.27 | 0.21 | 1.74 | 3.42 | 1.68 | -0.30 | 1.17 | 1.50 | 1.76 | -0.43 | 1.98 | 2.37 |
| 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 |
| Profit before tax | 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 | 7.00 | 2.70 | 9.10 | 10.75 | 10.99 | 11.33 | 5.96 | 4.81 | 5.68 |
| Dividend Payout % | 1% | 15% | 18% | 46% | 55% | 33% | 32% | 31% | 59% | 45% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 13% | 11% | 15% | ||
| Compounded Profit Growth | % | -11% | -23% | 47% | ||
| Stock Price CAGR | % | 4% | -7% | -24% | ||
| Return on Equity | 6% | 6% | 5% | 3% |
| 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 |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 28 | 41 | 109 | 150 | 139 | 4 | 6 | 152 | 28 | 63 |
| Cash from Investing Activity | -9 | -40 | -70 | -50 | -97 | -26 | -118 | -115 | -34 | -13 |
| Cash from Financing Activity | -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% |
| 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% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 72.44% | 72.44% | 72.44% | 72.44% | 72.44% | 72.44% | 72.44% | 72.44% | 72.44% | 72.44% | 72.44% | 72.44% |
| FIIs | 0.03% | 0.37% | 0.27% | 0.18% | 0.18% | 0.13% | 0.12% | 0.04% | 0.03% | 0.04% | 0.03% | 0.03% |
| DIIs | 11.82% | 11.70% | 13.52% | 13.77% | 14.00% | 13.72% | 13.62% | 13.54% | 13.51% | 13.51% | 13.27% | 13.01% |
| Public | 15.69% | 15.49% | 13.75% | 13.61% | 13.38% | 13.71% | 13.81% | 13.97% | 14.02% | 14.01% | 14.26% | 14.52% |
| No. of Shareholders | 20,078 | 21,430 | 18,901 | 18,466 | 18,255 | 19,168 | 18,613 | 19,714 | 21,605 | 21,346 | 21,298 | 21,525 |
Fundamentals
Market Cap₹ 1,367 Cr.
Current Price₹ 190
Stock P/E31.9
Book Value₹ 163
ROCE4.92 %
ROE3.22 %
Dividend Yield1.13 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)15%
Compounded Profit Growth (TTM)47%
Consolidated figures.
Valuation
Market capRs 1,366 Cr
Enterprise valueRs 1,521 Cr
P/E (TTM)33.37x
Price to book1.16x
Price to sales0.70x
EV / EBITDA10.77x
EV / EBIT22.62x
EV / sales0.78x
Price to cash flow21.56x
Earnings yield3.00%
Dividend yield1.13%
P/E, 3-year average17.40x
P/B, 3-year average0.75x
P/E, 5-year average12.59x
P/B, 5-year average0.62x
Profitability
Operating margin (excl. other income)7.23%
Operating margin (incl. other income)7.47%
EBITDA margin7.23%
Pre-tax margin2.72%
Net profit margin2.10%
Net margin, latest quarter3.33%
ROE3.04%
ROCE4.58%
ROA2.11%
ROE, 3-year average4.95%
ROCE, 3-year average6.46%
ROA, 3-year average3.49%
ROE, 5-year average6.30%
ROCE, 5-year average8.05%
ROA, 5-year average4.52%
ROIC (approx.)3.89%
Tax rate23.13%
Other income / net worth0.38%
Growth
Sales growth (latest year)14.59%
Profit growth (latest year)-19.26%
Sales CAGR, 3 years10.96%
Sales CAGR, 5 years13.14%
Profit CAGR, 3 years-24.05%
Profit CAGR, 5 years-11.96%
Sales growth QoQ6.09%
Profit growth QoQ19.47%
Sales growth YoY (latest quarter)12.85%
Profit growth YoY (latest quarter)57.82%
Per share
EPS (TTM)Rs 5.68
EPS (latest year)Rs 4.81
EPS (latest quarter)Rs 2.37
EPS, 3-year averageRs 13.13
EPS, 5-year averageRs 16.58
Book value per shareRs 163.00
Sales per shareRs 270.90
Cash flow per shareRs 8.79
Free cash flow per shareRs -0.00
Dividend per share (latest year)Rs 2.15
Dividend per share, 3-year averageRs 5.38
Dividend per share, 5-year averageRs 6.03
Dividends
Dividend payout44.67%
Dividend payout, 3-year average44.75%
Dividend payout, 5-year average39.74%
Efficiency
Asset turnover1.14x
Fixed asset turnover3.11x
Inventory turnover2.87x
Inventory days127 days
Debtor days82 days
Debtors turnover4.46x
Creditor days86 days
Cash conversion cycle148 days
Working capital days86 days
Leverage
Total debtRs 209 Cr
Cash and bankRs 54 Cr
Net debtRs 154 Cr
Debt to equity0.18x
Net debt / EBITDA1.09x
Interest coverage4.76x
Current ratio (filing 2026-03-31)2.34x
Quick ratio (filing 2026-03-31)1.37x
Trade payables (filing 2026-03-31)Rs 232 Cr
Owners' fund to total sources70.46%
Debt to assets12.52%
Cash flow
Cash from Operating Activity (latest year)Rs 63 Cr
Cash from Investing Activity (latest year)Rs -13 Cr
Cash from Financing Activity (latest year)Rs -58 Cr
Net Cash Flow (latest year)Rs -8 Cr
Free cash flow (latest year)Rs -0 Cr
FCFE (approx.: FCF + change in debt)Rs -5 Cr
Cash from ops / profit, 5 years0.80x
Sales to cash flow29.89x
Statement figures
Net sales (TTM)Rs 1,953 Cr
Net sales (latest year)Rs 1,894 Cr
Sales (latest quarter)Rs 512 Cr
Operating profit excl. other income (latest year)Rs 137 Cr
Operating profit (latest quarter)Rs 37 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 141 Cr
PBDT (TTM)Rs 127 Cr
Profit before tax (TTM)Rs 53 Cr
Tax (latest year)Rs 10 Cr
Net profit (TTM)Rs 41 Cr
Net profit (latest year)Rs 35 Cr
Net profit (latest quarter)Rs 17 Cr
Depreciation (TTM)Rs 74 Cr
Depreciation (latest quarter)Rs 14 Cr
Interest (TTM)Rs 14 Cr
Cost of goods sold (latest year)Rs 1,182 Cr
Total expenditure (latest year)Rs 1,757 Cr
Total income (latest year)Rs 1,899 Cr
Share capitalRs 72 Cr
ReservesRs 1,103 Cr
Shareholders' fundsRs 1,175 Cr
Total assetsRs 1,667 Cr
Net blockRs 610 Cr
Capital work in progressRs 41 Cr
InvestmentsRs 68 Cr
ReceivablesRs 425 Cr
InventoryRs 411 Cr
Other liabilitiesRs 284 Cr
Shares outstanding (crore)7.21
Ownership
Promoter holding72.44% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 33.4 is at the 76th percentile of its own 9.0-year range
(median 20.0, low 6.5, high 72.8).
P/B 1.16 is at the 44th percentile (median 1.18).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | IFGLEXPOR | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.4% | -2.8% | +0.4 pts |
| 1 month | -8.8% | -6.8% | -2.0 pts |
| 3 months | -14.4% | -7.6% | -6.8 pts |
| 6 months | +54.1% | +0.4% | +53.7 pts |
| 1 year | -28.9% | -9.9% | -19.0 pts |
| 2 years | -37.6% | -13.6% | -24.0 pts |
| 3 years | -20.3% | +14.2% | -34.5 pts |
| 5 years | +19.3% | +27.9% | -8.6 pts |
4 mutual fund schemes hold about ₹196 Cr.
Over three months 4 bought more and 0 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| HDFC Small Cap Fund | 0.33% | 138 | +31% |
| DSP India T.I.G.E.R Fund | 0.39% | 25 | +32% |
| DSP Multi Cap Fund | 0.69% | 21 | +36% |
| Aditya Birla SL Small Cap Fund | 0.20% | 12 | +24% |
Red flags
F-score 6 of 8No 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
Jun 2026Sales ₹512 Cr +12.8% vs Jun 2025.
Net profit ₹17 Cr +54.5%.
Activity
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| Monolithisch India Ltd | 2,782 | 96.6 | 34.8 % |
| Foseco Crucible (India) Ltd | 1,113 | 28.3 | 33.2 % |
| Orient Ceratech Ltd | 535 | 15.9 | 11.4 % |
| DE Nora India Ltd | 393 | 32.3 | 5.83 % |
| Panasonic Carbon India Company Ltd | 190 | 9.90 | 16.8 % |
| Royal Arc Electrodes Ltd | 166 | 16.6 | 18.0 % |
| Refractory Shapes Ltd | 89 | 18.6 | 10.7 % |
| Nilachal Refractories Ltd | 77 | -6.32 % | |
| Auro Impex & Chemicals Ltd | 52 | 12.6 | 10.1 % |
| SP Refractories Ltd | 23 | 6.41 | 28.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-07-29 | Dividend - Rs 2.15 Per Share | |
| 2025-07-18 | Bonus 1:1 | 0.5000 |
| 2025-06-06 | Dividend - Re 1 Per Sh | |
| 2025-05-13 | Interim Dividend - Rs 6 Per Share | |
| 2024-07-24 | Annual General Meeting/Dividend - Rs 7 Per Share | |
| 2023-08-18 | Annual General Meeting/Dividend - Rs 7 Per Share | |
| 2022-09-20 | Annual General Meeting/Dividend - Rs 7 Per Share | |
| 2021-07-29 | Annual General Meeting/Dividend - Rs 4 Per Share/ Special Dividend - Rs 6 Per Share | |
| 2020-09-17 | Annual General Meeting | |
| 2020-02-17 | Interim Dividend - Rs 2.50 Per Share | |
| 2019-07-18 | Annual General Meeting/ Dividend - Rs 2.50 Per Share | |
| 2018-08-14 | Annual General Meeting / Dividend- Rs 2 Per Share | |
| 2017-12-14 | Annual General Meeting/ Dividend - Rs 2/- Per Share |
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.
| Order date | Forum | Case |
|---|---|---|
| 2020-03-03 | NCLAT | IFGL Refractories Ltd. VS Agrawal Structure Mills (P) Ltd. |
| 2020-01-30 | NCLAT | IFGL Refractories Ltd. VS Agrawal Structure Mills (P) Ltd. |
| 2020-01-07 | NCLAT | IFGL Refractories Ltd. VS Agrawal Structure Mills (P) Ltd. |
| 2019-01-30 | NCLT | IFGL Refractories Ltd. Vs BRG Iron & Steel Company Ltd. |
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
High low price variation greater than 150perc in previous 12 months
Quick answers
What is the market cap of IFGL Refractories Ltd?
IFGL Refractories Ltd (IFGLEXPOR) has a market capitalisation of Rs 1,367 Cr. at the 2026-10-01 close.
What is the P/E ratio of IFGL Refractories Ltd?
IFGL Refractories Ltd trades at a P/E of 31.9 on trailing twelve-month profit, at the 2026-10-01 close.
What were IFGL Refractories Ltd's latest quarterly results?
In the Jun 2026 quarter, IFGL Refractories Ltd sales was Rs 512 Cr (+12.8% vs Jun 2025) and net profit was Rs 17 Cr.
What is the 52-week high and low of IFGL Refractories Ltd?
The 52-week high is Rs 338.00 and the 52-week low is Rs 119.68.