Refractory Shapes Ltd
Incorporated in 1996, Refractory Shapes Ltd manufactures and trades special shapes, custom-made refractory shapes, and alumina balls[1]
- Market Cap ₹ 67.6 Cr.
- Current Price ₹ 31.0
- High / Low ₹ 68.9 / 28.6
- Stock P/E 14.1
- Book Value ₹ 23.2
- Dividend Yield 0.00 %
- ROCE 10.7 %
- ROE 9.96 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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 Nifty SME Emerge
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 37.97 | 40.36 | 58.69 | 57.04 | |
| 34.10 | 33.99 | 48.39 | 49.07 | |
| Operating Profit | 3.87 | 6.37 | 10.30 | 7.97 |
| OPM % | 10.19% | 15.78% | 17.55% | 13.97% |
| 0.86 | 2.61 | 1.05 | 1.53 | |
| Interest | 1.08 | 1.56 | 0.82 | 1.07 |
| Depreciation | 1.06 | 1.94 | 2.46 | 2.39 |
| Profit before tax | 2.59 | 5.48 | 8.07 | 6.04 |
| Tax % | 25.87% | 24.09% | 25.03% | 25.00% |
| 1.92 | 4.16 | 6.05 | 4.79 | |
| EPS in Rs | 2.63 | 2.78 | 2.20 | |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 36% |
| TTM: | -21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -44% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 0.10 | 15.80 | 21.80 | 21.80 |
| Reserves | 16.59 | 5.04 | 23.90 | 28.69 |
| 20.32 | 23.52 | 17.06 | 19.84 | |
| 12.12 | 7.45 | 7.14 | 6.78 | |
| Total Liabilities | 49.13 | 51.81 | 69.90 | 77.11 |
| 18.92 | 19.05 | 26.73 | 25.98 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 6.24 | 6.37 | 6.58 | 6.85 |
| 23.97 | 26.39 | 36.59 | 44.28 | |
| Total Assets | 49.13 | 51.81 | 69.90 | 77.11 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 4.14 | -2.54 | 1.06 | 1.44 | |
| -6.83 | -1.82 | -10.49 | -1.33 | |
| 0.89 | 3.18 | 10.14 | 2.79 | |
| Net Cash Flow | -1.79 | -1.18 | 0.71 | 2.90 |
| Free Cash Flow | -2.91 | -4.90 | -9.06 | -0.21 |
| CFO/OP | 127% | -36% | 33% | 40% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 73.73 | 62.85 | 78.92 | 73.40 |
| Inventory Days | 193.22 | 309.16 | 246.47 | 258.69 |
| Days Payable | 246.49 | 126.66 | 79.26 | 59.87 |
| Cash Conversion Cycle | 20.46 | 245.35 | 246.13 | 272.22 |
| Working Capital Days | -15.86 | 30.39 | 114.12 | 125.87 |
| ROCE % | 17.30% | 16.60% | 10.68% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
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| Net Capital Turnover Ratio Ratio ・Standalone data |
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| Trade Receivable Turnover Ratio Ratio ・Standalone data |
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| Number of Manufacturing Facilities Number ・Standalone data |
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| Nine-Month Sales Growth % ・Standalone data |
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| Order Book Intake (Partial Period) INR Crores ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Press Release
27 May 2026 - FY26 revenue ₹5,704.06 lakhs, net profit ₹478.98 lakhs; order book exceeds ₹80 crore for 12-18 months.
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Disclosure of material issue
25 May 2026 - Board approved extinguishment of stake in Excel Micron (Poona) Pvt. Ltd.; it ceases as associate.
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Related Party Transactions
25 May 2026 - Half-yearly related party transactions disclosed for period ended 31 March 2026.
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Statement of deviation(s) or variation(s) under Reg. 32
25 May 2026 - No deviation in IPO proceeds use for quarter ended 31 March 2026; Rs.18.60 crore raised.
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Integrated Filing- Financial
25 May 2026 - Board approved audited FY26 standalone and consolidated results on 25 May 2026; associate status in Excel Micron ceased.
Business Overview:[1][2]
RSL is in the business of production of special shapes, custom-made refractory shapes, and ceramic balls of low and medium purity. It has an inhouse design team to manufacture our refectories as per Licensor /clients drawings & requirements.