IFGL Refractories Limited

NSE: IFGLEXPOR · Unclassified

₹171.77-1.95%06 Nov 2026

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Instant answers about IFGL Refractories Limited — computed from its filings, no language model

Market cap₹1,238 cr

Current price₹171.77

High / Low₹252 / ₹123

P/E30.2

P/B1.05

Book value₹163.0

ROE3.5%

ROCE4.9%

Debt / equity0.17

Dividend yield2.04%

EPS (TTM)₹5.68

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	839	940	917	1,022	1,260	1,386	1,639	1,653	1,894
EBITDA	106	109	92	155	143	153	154	129	136
Operating margin	12.6%	11.6%	10.0%	15.2%	11.3%	11.0%	9.4%	7.8%	7.2%
Interest	4	4	4	3	3	5	11	14	16
Depreciation	44	46	48	49	51	56	64	73	80
Profit before tax	63	64	30	124	104	106	98	60	45
Tax	15	14	11	59	26	26	16	17	10
Net profit	47	50	19	66	77	79	82	43	35
EPS ₹	13.07	14.00	5.40	18.20	21.50	21.98	22.66	11.93	4.81
Operating cash flow	—	—	—	—	4	6	152	28	63
Capex	—	—	—	—	66	137	135	73	64
Dividend paid	—	—	—	—	36	25	25	25	25
Total assets	—	—	—	—	—	1,426	1,490	1,618	1,673
Equity	—	—	—	—	—	1,005	1,072	1,107	1,175

Quarterly performance

last 33 quarters · ₹ crore

showing latest 8 of 33 periods

	MAR '18	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	228	237	219	235	250	252	219	218	222	246	289	284	275	310	314	361	359	343	316	368	424	456	366	394	415	411	379	449	454	489	469	483	512
Operating profit	32	30	31	23	26	29	22	21	20	39	49	44	33	37	36	37	34	36	34	48	56	68	-4	35	46	33	17	33	36	38	23	39	37
Operating margin	14.1%	12.5%	14.0%	9.8%	10.2%	11.4%	9.9%	9.8%	8.9%	15.9%	16.9%	15.6%	11.9%	11.9%	11.4%	10.3%	9.5%	10.6%	10.9%	13.1%	13.2%	14.9%	-1.1%	8.8%	11.1%	7.9%	4.4%	7.4%	7.9%	7.8%	4.9%	8.1%	7.2%
Other income	2	2	1	1	2	2	4	2	3	2	11	4	3	4	4	5	0	3	2	8	3	4	4	7	7	4	3	4	3	2	2	3	3
Interest	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	3	2	3	3	3	3	4	4	5	4	4	4	3
Depreciation	11	11	11	12	12	12	12	12	14	12	12	12	12	12	13	15	13	13	13	16	16	16	16	17	17	18	18	20	19	20	20	21	14
Profit before tax	22	20	19	11	14	18	14	11	-12	28	47	35	23	28	26	27	20	24	22	40	41	54	-18	21	33	15	-2	13	15	17	-4	17	23
Tax	2	5	5	3	1	4	1	4	2	7	10	38	5	8	7	7	6	4	6	10	12	16	-20	9	9	3	0	4	4	4	-1	3	6
Net profit	20	15	14	8	13	0	13	7	-14	21	37	-3	18	20	19	21	15	0	16	29	30	33	2	13	25	0	-2	8	11	13	-3	14	17
EPS ₹	5.50	4.29	3.81	2.28	3.62	3.76	3.48	2.02	-3.87	5.73	10.34	-0.70	4.96	5.55	5.24	5.74	4.04	5.39	4.38	8.16	8.21	10.55	0.42	3.48	6.84	3.35	-0.60	2.34	1.50	1.76	-0.43	1.98	2.37
Revenue YoY	—	—	—	—	9.3%	6.3%	-0.3%	-6.9%	-11.0%	12.7%	32.4%	27.7%	—	25.9%	8.5%	27.4%	30.8%	10.7%	0.7%	1.9%	18.0%	32.8%	15.9%	7.0%	-2.2%	-9.7%	3.5%	13.9%	9.5%	18.9%	23.7%	7.7%	12.9%
Profit YoY	—	—	—	—	-34.1%	-100.0%	-8.7%	-11.7%	-206.7%	64.7%	412.8%	—	—	-3.1%	-49.3%	—	-18.6%	-100.0%	-16.5%	42.1%	103.5%	—	-90.4%	-57.4%	-16.8%	-100.0%	-243.4%	-32.8%	-56.1%	—	—	69.4%	57.8%

Earlier results (standalone, Sep '17 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

IFGL Refractories Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Quarters

	SEP '17†	DEC '17†
Revenue	109	109
Operating profit	21	13
Operating margin	19.6%	12.1%
Other income	0	0
Interest	1	1
Depreciation	9	9
Profit before tax	12	3
Tax	5	3
Net profit	7	0
EPS ₹	1.86	0.05

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 27 periods

	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
ROE	—	—	—	—	—	—	—	—	—	—	—	5.8%	5.5%	5.9%	7.4%	10.3%	9.0%	7.2%	6.7%	3.5%	3.2%	2.8%	1.5%	2.6%	2.5%	3.0%	3.5%
ROCE	—	—	—	—	—	—	—	—	—	—	—	9.6%	9.2%	9.5%	11.4%	13.3%	10.1%	8.8%	8.2%	5.0%	6.3%	5.6%	4.4%	4.4%	4.3%	4.4%	4.9%
Net margin	6.2%	5.4%	3.7%	3.5%	3.5%	0.6%	6.7%	6.3%	4.6%	6.2%	5.5%	3.9%	3.7%	4.3%	5.2%	6.9%	5.8%	4.7%	4.4%	2.4%	2.2%	1.9%	1.0%	1.7%	1.6%	1.8%	2.1%
EBITDA margin	12.6%	11.6%	11.3%	10.3%	10.4%	10.0%	15.1%	14.0%	12.6%	11.3%	10.7%	10.4%	10.3%	11.0%	12.1%	13.2%	10.4%	9.4%	8.9%	6.9%	8.1%	7.8%	7.0%	7.0%	7.0%	7.2%	7.0%
Debt / equity	—	—	—	—	—	—	—	—	—	—	—	0.15	0.15	0.16	0.16	0.18	0.18	0.15	0.15	0.16	0.16	0.18	0.18	0.18	0.18	0.17	0.17
Interest coverage	18.04	15.39	14.18	14.10	16.20	9.29	42.96	41.10	30.90	31.48	27.11	22.82	20.88	22.84	21.89	23.64	14.87	9.86	9.08	5.24	6.25	5.33	3.63	3.69	3.52	3.85	4.76
Asset turnover	—	—	—	—	—	—	—	—	—	—	—	1.07	1.07	0.97	1.02	1.05	1.08	1.10	1.09	1.02	1.03	1.02	1.05	1.02	1.07	1.13	1.17

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 8 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26
Share capital	36	36	36	36	36	36	72	72
Other equity / reserves	892	969	1,011	1,036	1,068	1,071	1,066	1,103
Total equity	928	1,005	1,047	1,072	1,104	1,107	1,138	1,175
Borrowings	136	160	186	163	178	202	205	196
Current liabilities	253	309	314	313	340	416	513	423
Non-current liabilities	104	112	134	105	104	95	86	75
Total assets	1,285	1,426	1,495	1,490	1,547	1,618	1,737	1,673
Property, plant & equipment	194	282	278	326	365	404	416	418
Capital work-in-progress	32	46	57	104	67	27	33	41
Investments	120	132	121	126	110	105	67	68
Inventories	267	302	315	301	324	405	490	411
Receivables	295	350	376	325	322	359	408	425
Cash & equivalents	96	57	69	70	76	61	53	53

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	4	6	152	28	63
Cash from investing	-24	-123	-117	-37	-21
Cash from financing	-7	50	-24	-4	-58
Capex	66	137	135	73	64
Free cash flow	-62	-130	17	-45	-0
Dividends paid	36	25	25	25	25

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹418 cr25%

CWIP

₹41 cr2%

Investments

₹68 cr4%

Inventories

₹411 cr25%

Receivables

₹425 cr25%

Cash & equivalents

₹53 cr3%

Other assets

₹258 cr15%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
IFGL Refractories Limited	1,238	171.77	30.2	1.05	3.5%

StoxGud checklist: Neutral setup · 4/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-6.2%

6 months-8.7%

1 year-32.0%

3Y CAGR-16.9%

5Y CAGR+2.2%

10Y CAGR—

50-day avg₹188.66

200-day avg₹185.74

RSI (14)42

FAQs

What is the share price of IFGL Refractories Limited?

IFGL Refractories Limited (IFGLEXPOR) closed at ₹171.77 on NSE on 06 Nov 2026.

What is the market cap of IFGL Refractories Limited?

₹1,238 crore at the latest close.

What is the P/E ratio of IFGL Refractories Limited?

30.2, on trailing-twelve-month earnings from its filings.

How fast is IFGL Refractories Limited growing?

IFGL Refractories Limited: revenue has compounded at 11.0% a year over three years; net profit at -24.1% a year. Latest-quarter revenue is up 12.9% year on year, profit up 57.8%.

How profitable is IFGL Refractories Limited?

On a trailing-twelve-month basis return on equity is 3.5%, return on capital employed 4.9%, operating margin 7.0%, net margin 2.1%.

How much debt does IFGL Refractories Limited have?

IFGL Refractories Limited is lightly geared: debt to equity is 0.17 with borrowings of ₹196 cr against cash of ₹53 cr (balance sheet of 2026-03-31). Operating profit covers interest 4.8 times.

Financials parsed from IFGL Refractories Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.