IFGL Refractories Ltd
- Market Cap ₹ 1,289 Cr.
- Current Price ₹ 178
- High / Low ₹ 257 / 120
- Stock P/E 23.1
- Book Value ₹ 168
- Dividend Yield 1.21 %
- ROCE 4.92 %
- ROE 3.22 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.06 times its book value
- Company has been maintaining a healthy dividend payout of 44.8%
Cons
- Company has a low return on equity of 4.92% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Electrodes & Refractories
Part of BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 766 | 835 | 950 | 917 | 1,022 | 1,260 | 1,386 | 1,639 | 1,653 | 1,894 | 2,017 | |
| Sales growth | +9% | +14% | -3% | +11% | +23% | +10% | +18% | +1% | +15% | +14% | |
| 667 | 729 | 841 | 825 | 865 | 1,117 | 1,233 | 1,485 | 1,523 | 1,757 | 1,869 | |
| Operating Profit | 99 | 106 | 109 | 92 | 157 | 143 | 153 | 155 | 130 | 137 | 148 |
| OPM % | 13% | 13% | 12% | 10% | 15% | 11% | 11% | 9% | 8% | 7% | 7% |
| 4 | 4 | 4 | -10 | 19 | 16 | 13 | 18 | 17 | 4 | 5 | |
| Interest | 5 | 4 | 4 | 4 | 3 | 3 | 5 | 11 | 15 | 17 | 14 |
| Depreciation | 44 | 44 | 46 | 48 | 49 | 51 | 56 | 64 | 73 | 80 | 68 |
| Profit before tax | 55 | 63 | 64 | 30 | 124 | 104 | 106 | 98 | 60 | 45 | 70 |
| Tax % | 8% | 25% | 21% | 35% | 47% | 25% | 25% | 17% | 28% | 23% | |
| 50 | 47 | 50 | 19 | 66 | 77 | 79 | 82 | 43 | 35 | 54 | |
| EPS in Rs | 86.16 | 6.54 | 7.00 | 2.70 | 9.10 | 10.75 | 10.99 | 11.33 | 5.96 | 4.81 | 7.49 |
| Dividend Payout % | 1% | 15% | 18% | 46% | 55% | 33% | 32% | 31% | 59% | 45% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 11% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -11% |
| 3 Years: | -23% |
| TTM: | 88% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | -20% |
| 1 Year: | -23% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 6% |
| 3 Years: | 5% |
| Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 72 | 72 |
| Reserves | 650 | 716 | 759 | 773 | 854 | 898 | 969 | 1,036 | 1,071 | 1,103 | 1,142 |
| 84 | 112 | 89 | 65 | 64 | 99 | 160 | 174 | 213 | 209 | 210 | |
| 158 | 134 | 135 | 150 | 230 | 253 | 261 | 244 | 298 | 284 | 353 | |
| Total Liabilities | 894 | 999 | 1,019 | 1,024 | 1,184 | 1,286 | 1,426 | 1,490 | 1,618 | 1,667 | 1,777 |
| 471 | 461 | 454 | 440 | 416 | 422 | 500 | 517 | 593 | 610 | 600 | |
| CWIP | 2 | 8 | 6 | 7 | 22 | 25 | 46 | 104 | 27 | 41 | 39 |
| Investments | 12 | 13 | 46 | 94 | 128 | 135 | 132 | 126 | 105 | 68 | 91 |
| 409 | 516 | 513 | 483 | 618 | 704 | 748 | 743 | 893 | 949 | 1,047 | |
| Total Assets | 894 | 999 | 1,019 | 1,024 | 1,184 | 1,286 | 1,426 | 1,490 | 1,618 | 1,667 | 1,777 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 28 | 41 | 109 | 150 | 139 | 4 | 6 | 152 | 28 | 63 | |
| -9 | -40 | -70 | -50 | -97 | -26 | -118 | -115 | -34 | -13 | |
| -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 Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 48% | 53% | 114% | 163% | 101% | 21% | 23% | 113% | 42% | 66% |
Ratios
Consolidated / View Standalone
| 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% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Domestic % of Standalone Revenue % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
- Results - Financial Results For 09, 30, 2026 (30.09.2026)
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Board Meeting Outcome for Outcome Of Board Meeting For Submission Of Unaudited Financial Results, Both On Stand Alone And Consolidated Basis, For Quarter And Six Months Ended On 30Th September, 2026
- Board approved Q2/H1 FY27 unaudited results; consolidated net profit rose to ₹25.72 crore.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Management will join Q2 and H1FY27 earnings call on 17 November 2026 at 4 PM IST.
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Board Meeting Intimation for Notice Under Regulation 29 Of The SEBI (LODR) Regulations, 2015
- Board meets 13 Nov 2026 to approve Q2/H1 FY26 unaudited standalone and consolidated results.
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Announcement under Regulation 30 (LODR)-Updates on Joint Venture
- IFGL Refractories terminates 2024 JV agreement on October 14, 2026; representation agreement ends November 9, 2026.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Aug 2026Transcript PPT REC
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Jun 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Nov 2021Transcript PPT
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Aug 2021PPT
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Jun 2021Transcript PPT
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Apr 2021Transcript
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Nov 2020Transcript PPT
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Jul 2020PPT
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Nov 2019Transcript PPT
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Aug 2019PPT
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May 2019Transcript PPT
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Feb 2019Transcript PPT
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Nov 2018Transcript PPT
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Aug 2018Transcript PPT
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Jun 2018Transcript PPT
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Feb 2018Transcript PPT
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Dec 2017PPT
Product Portfolio:[1][2]
a) Tap Hole Sleeve & Block, Tap Hole Mass,
Hot Patching Mass, Pre-Tap Plugs, Precast
Roof.
b) Slag Dart Refractories, Tap Hole Ramming Mass, Slag Dart Machines & Dart Machine Accessories, EBT Tap Hole Sleeve & Block,
Delta Castable.
c) Tundish Lining, Tundish, Slide Gate Refractories, Tundish Flow Modifiers.
d) Coil Coating Mass, Neutral Ramming
Mass, Purging Refractories, Sub Entry
Nozzle / Shroud.
e) Tundish Covering Compound, Casting
Flux, Precast Hearth and Skid Blocks,
Burner Blocks
f) EBT Filling Mass, Tundish Metering Nozzle, Ladle Well Filler, Precast Skid Pipe Cladding