Share Price and Basic Stock Data
Last Updated: December 13, 2025, 1:08 am
| PEG Ratio | -2.84 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
IFGL Refractories Ltd operates in the refractories industry, a critical sector that supplies materials essential for high-temperature processes, primarily in steel and other metallurgy applications. As of March 2025, the company reported sales of ₹1,653 Cr, reflecting a steady increase from ₹1,386 Cr in March 2023. This upward trajectory in revenue signals a robust demand for refractories, particularly as the steel industry rebounds post-pandemic. The latest quarterly sales figures indicate a healthy performance, with ₹456 Cr recorded for September 2023, up from ₹424 Cr in the previous quarter. Such consistent growth illustrates the company’s ability to capture market share and meet rising industrial needs, although it remains essential to monitor this growth against broader economic trends and sector developments.
Profitability and Efficiency Metrics
IFGL’s profitability metrics present a mixed picture. The operating profit margin (OPM) for the trailing twelve months stood at a modest 7%, down from 11% in the previous year. This decline can be concerning, especially as expenses have also risen, reaching ₹1,524 Cr in FY 2025. The net profit of ₹43 Cr reflects a decrease compared to ₹79 Cr in FY 2023, highlighting challenges in maintaining margins amidst rising costs. The interest coverage ratio, however, appears strong at 10.62x, suggesting that the company can comfortably meet its interest obligations. Yet, the return on equity (ROE) at 3.94% and return on capital employed (ROCE) at 5.71% indicate that while IFGL is operationally sound, its capital efficiency may not be maximizing shareholder value, raising questions about long-term profitability strategies.
Balance Sheet Strength and Financial Ratios
Looking at IFGL’s balance sheet, the company appears to maintain a solid financial footing. As of March 2025, total reserves were reported at ₹1,066 Cr, which provides a buffer against market volatility. With borrowings of ₹217 Cr, the debt-to-equity ratio remains low at 0.18, indicating a conservative approach to leveraging. This low debt level enhances financial stability, especially in an industry prone to cyclical downturns. However, the cash conversion cycle (CCC) of 154 days suggests inefficiencies in managing working capital, which could strain liquidity if not addressed. Additionally, the price-to-book value ratio at 1.14x indicates that the stock is trading close to its book value, suggesting a cautious market outlook on growth potential.
Shareholding Pattern and Investor Confidence
Investor confidence in IFGL is reflected in its shareholding pattern. Promoters hold a substantial 72.44%, ensuring that management has significant skin in the game. However, foreign institutional investment remains negligible at just 0.03%, while domestic institutional investors hold 13.51%. This suggests a lack of confidence from international investors, which could be a red flag for prospective shareholders. The number of public shareholders has increased to 21,605, indicating growing interest at the retail level, but the overall low FII participation may limit external validation of the stock’s growth story. The stability among promoters, coupled with increasing domestic interest, may provide a foundation for future growth, but the lack of diverse institutional backing could pose risks if the company faces headwinds.
Outlook, Risks, and Final Insight
Looking ahead, IFGL Refractories Ltd presents a mixed bag for investors. The company’s solid revenue growth and strong interest coverage ratio are positive signs, yet declining profitability metrics and a high cash conversion cycle raise concerns. Risks include potential volatility in raw material prices and global economic uncertainties, which could impact the steel industry and, consequently, demand for refractories. Moreover, the low foreign institutional interest may suggest hesitancy regarding the company’s growth prospects. For investors, the combination of a strong promoter backing and increasing retail participation could provide stability, but they should weigh this against the potential for margin pressures and operational inefficiencies. As always, careful monitoring of industry trends and company performance will be crucial in assessing IFGL’s future viability as an investment.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Morganite Crucible (India) Ltd | 868 Cr. | 1,550 | 1,964/1,170 | 34.3 | 242 | 3.16 % | 30.4 % | 21.4 % | 5.00 |
| Associated Ceramics Ltd | 66.9 Cr. | 223 | 288/177 | 20.8 | 86.2 | 0.00 % | 10.8 % | 9.55 % | 10.0 |
| Vesuvius India Ltd | 9,686 Cr. | 478 | 647/356 | 39.7 | 75.0 | 0.30 % | 25.5 % | 19.3 % | 1.00 |
| IFGL Refractories Ltd | 1,496 Cr. | 208 | 340/163 | 50.3 | 158 | 1.68 % | 5.71 % | 3.94 % | 10.0 |
| Industry Average | 4,016.67 Cr | 614.75 | 36.28 | 140.30 | 1.29% | 18.10% | 13.55% | 6.50 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 359 | 343 | 316 | 368 | 424 | 456 | 366 | 394 | 415 | 411 | 379 | 449 | 454 |
| Expenses | 325 | 307 | 282 | 320 | 368 | 388 | 370 | 359 | 368 | 379 | 362 | 415 | 418 |
| Operating Profit | 34 | 36 | 34 | 48 | 56 | 68 | -4 | 35 | 46 | 33 | 17 | 33 | 36 |
| OPM % | 9% | 11% | 11% | 13% | 13% | 15% | -1% | 9% | 11% | 8% | 4% | 7% | 8% |
| Other Income | 0 | 3 | 2 | 8 | 3 | 4 | 4 | 7 | 7 | 4 | 3 | 4 | 3 |
| Interest | 1 | 2 | 1 | 1 | 3 | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 5 |
| Depreciation | 13 | 13 | 13 | 16 | 16 | 16 | 16 | 17 | 17 | 18 | 18 | 20 | 19 |
| Profit before tax | 20 | 24 | 22 | 40 | 41 | 54 | -18 | 21 | 33 | 15 | -2 | 13 | 15 |
| Tax % | 28% | 19% | 28% | 26% | 28% | 29% | -108% | 41% | 26% | 21% | 11% | 34% | 29% |
| Net Profit | 15 | 19 | 16 | 29 | 30 | 38 | 2 | 13 | 25 | 12 | -2 | 8 | 11 |
| EPS in Rs | 2.02 | 2.70 | 2.19 | 4.08 | 4.11 | 5.27 | 0.21 | 1.74 | 3.42 | 1.68 | -0.30 | 1.17 | 1.50 |
Last Updated: August 20, 2025, 9:25 am
Below is a detailed analysis of the quarterly data for IFGL Refractories Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 454.00 Cr.. The value appears strong and on an upward trend. It has increased from 449.00 Cr. (Mar 2025) to 454.00 Cr., marking an increase of 5.00 Cr..
- For Expenses, as of Jun 2025, the value is 418.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 415.00 Cr. (Mar 2025) to 418.00 Cr., marking an increase of 3.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 36.00 Cr.. The value appears strong and on an upward trend. It has increased from 33.00 Cr. (Mar 2025) to 36.00 Cr., marking an increase of 3.00 Cr..
- For OPM %, as of Jun 2025, the value is 8.00%. The value appears strong and on an upward trend. It has increased from 7.00% (Mar 2025) to 8.00%, marking an increase of 1.00%.
- For Other Income, as of Jun 2025, the value is 3.00 Cr.. The value appears to be declining and may need further review. It has decreased from 4.00 Cr. (Mar 2025) to 3.00 Cr., marking a decrease of 1.00 Cr..
- For Interest, as of Jun 2025, the value is 5.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4.00 Cr. (Mar 2025) to 5.00 Cr., marking an increase of 1.00 Cr..
- For Depreciation, as of Jun 2025, the value is 19.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 20.00 Cr. (Mar 2025) to 19.00 Cr., marking a decrease of 1.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 15.00 Cr.. The value appears strong and on an upward trend. It has increased from 13.00 Cr. (Mar 2025) to 15.00 Cr., marking an increase of 2.00 Cr..
- For Tax %, as of Jun 2025, the value is 29.00%. The value appears to be improving (decreasing) as expected. It has decreased from 34.00% (Mar 2025) to 29.00%, marking a decrease of 5.00%.
- For Net Profit, as of Jun 2025, the value is 11.00 Cr.. The value appears strong and on an upward trend. It has increased from 8.00 Cr. (Mar 2025) to 11.00 Cr., marking an increase of 3.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 1.50. The value appears strong and on an upward trend. It has increased from 1.17 (Mar 2025) to 1.50, marking an increase of 0.33.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 5:10 am
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 766 | 835 | 950 | 917 | 1,022 | 1,260 | 1,386 | 1,639 | 1,653 | 1,692 |
| Expenses | 667 | 729 | 841 | 825 | 865 | 1,117 | 1,233 | 1,485 | 1,524 | 1,574 |
| Operating Profit | 99 | 106 | 109 | 92 | 157 | 143 | 153 | 155 | 129 | 119 |
| OPM % | 13% | 13% | 12% | 10% | 15% | 11% | 11% | 9% | 8% | 7% |
| Other Income | 4 | 4 | 4 | -10 | 19 | 16 | 13 | 18 | 17 | 13 |
| Interest | 5 | 4 | 4 | 4 | 3 | 3 | 5 | 11 | 14 | 16 |
| Depreciation | 44 | 44 | 46 | 48 | 49 | 51 | 56 | 64 | 73 | 75 |
| Profit before tax | 55 | 63 | 64 | 30 | 124 | 104 | 106 | 98 | 60 | 41 |
| Tax % | 8% | 25% | 21% | 35% | 47% | 25% | 25% | 17% | 28% | |
| Net Profit | 50 | 47 | 50 | 19 | 66 | 77 | 79 | 82 | 43 | 29 |
| EPS in Rs | 86.16 | 6.54 | 7.00 | 2.70 | 9.10 | 10.75 | 10.99 | 11.33 | 5.96 | 4.05 |
| Dividend Payout % | 1% | 15% | 18% | 46% | 55% | 33% | 32% | 31% | 59% |
YoY Net Profit Growth
| Year | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | -6.00% | 6.38% | -62.00% | 247.37% | 16.67% | 2.60% | 3.80% | -47.56% |
| Change in YoY Net Profit Growth (%) | 0.00% | 12.38% | -68.38% | 309.37% | -230.70% | -14.07% | 1.20% | -51.36% |
IFGL Refractories Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 9% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | -18% |
| TTM: | -62% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 22% |
| 1 Year: | -22% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 7% |
| Last Year: | 4% |
Last Updated: September 5, 2025, 6:50 am
Balance Sheet
Last Updated: December 4, 2025, 1:24 am
| Month | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 72 |
| Reserves | 650 | 716 | 759 | 773 | 854 | 898 | 969 | 1,036 | 1,071 | 1,066 |
| Borrowings | 84 | 112 | 89 | 65 | 64 | 99 | 160 | 174 | 213 | 217 |
| Other Liabilities | 158 | 134 | 135 | 150 | 230 | 253 | 261 | 244 | 298 | 382 |
| Total Liabilities | 894 | 999 | 1,019 | 1,024 | 1,184 | 1,286 | 1,426 | 1,490 | 1,618 | 1,737 |
| Fixed Assets | 471 | 461 | 454 | 440 | 416 | 422 | 500 | 517 | 593 | 600 |
| CWIP | 2 | 8 | 6 | 7 | 22 | 25 | 46 | 104 | 27 | 33 |
| Investments | 12 | 13 | 46 | 94 | 128 | 135 | 132 | 126 | 105 | 67 |
| Other Assets | 409 | 516 | 513 | 483 | 618 | 704 | 748 | 743 | 893 | 1,037 |
| Total Assets | 894 | 999 | 1,019 | 1,024 | 1,184 | 1,286 | 1,426 | 1,490 | 1,618 | 1,737 |
Below is a detailed analysis of the balance sheet data for IFGL Refractories Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 72.00 Cr.. The value appears strong and on an upward trend. It has increased from 36.00 Cr. (Mar 2025) to 72.00 Cr., marking an increase of 36.00 Cr..
- For Reserves, as of Sep 2025, the value is 1,066.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,071.00 Cr. (Mar 2025) to 1,066.00 Cr., marking a decrease of 5.00 Cr..
- For Borrowings, as of Sep 2025, the value is 217.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 213.00 Cr. (Mar 2025) to 217.00 Cr., marking an increase of 4.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 382.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 298.00 Cr. (Mar 2025) to 382.00 Cr., marking an increase of 84.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 1,737.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,618.00 Cr. (Mar 2025) to 1,737.00 Cr., marking an increase of 119.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 600.00 Cr.. The value appears strong and on an upward trend. It has increased from 593.00 Cr. (Mar 2025) to 600.00 Cr., marking an increase of 7.00 Cr..
- For CWIP, as of Sep 2025, the value is 33.00 Cr.. The value appears strong and on an upward trend. It has increased from 27.00 Cr. (Mar 2025) to 33.00 Cr., marking an increase of 6.00 Cr..
- For Investments, as of Sep 2025, the value is 67.00 Cr.. The value appears to be declining and may need further review. It has decreased from 105.00 Cr. (Mar 2025) to 67.00 Cr., marking a decrease of 38.00 Cr..
- For Other Assets, as of Sep 2025, the value is 1,037.00 Cr.. The value appears strong and on an upward trend. It has increased from 893.00 Cr. (Mar 2025) to 1,037.00 Cr., marking an increase of 144.00 Cr..
- For Total Assets, as of Sep 2025, the value is 1,737.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,618.00 Cr. (Mar 2025) to 1,737.00 Cr., marking an increase of 119.00 Cr..
Notably, the Reserves (1,066.00 Cr.) exceed the Borrowings (217.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 15.00 | -6.00 | 20.00 | 27.00 | 93.00 | 44.00 | -7.00 | -19.00 | -84.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 109 | 124 | 88 | 84 | 82 | 79 | 92 | 72 | 79 |
| Inventory Days | 94 | 94 | 120 | 113 | 129 | 154 | 153 | 132 | 179 |
| Days Payable | 118 | 109 | 95 | 99 | 119 | 111 | 94 | 79 | 104 |
| Cash Conversion Cycle | 85 | 110 | 112 | 98 | 91 | 122 | 151 | 126 | 154 |
| Working Capital Days | 68 | 83 | 75 | 72 | 68 | 80 | 94 | 75 | 83 |
| ROCE % | 8% | 8% | 6% | 14% | 11% | 10% | 9% | 6% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| HDFC Small Cap Fund | 6,549,367 | 0.42 | 162.03 | N/A | N/A | N/A |
| DSP India T.I.G.E.R. Fund | 1,211,974 | 0.54 | 29.98 | N/A | N/A | N/A |
| Aditya Birla Sun Life Small Cap Fund | 945,375 | 0.46 | 23.39 | 500,403 | 2025-12-08 06:36:54 | 88.92% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | 11.93 | 22.66 | 21.98 | 21.50 | 18.20 |
| Diluted EPS (Rs.) | 11.93 | 22.66 | 21.98 | 21.50 | 18.20 |
| Cash EPS (Rs.) | 32.11 | 40.50 | 37.39 | 35.69 | 31.68 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 307.17 | 297.47 | 278.87 | 259.17 | 247.09 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 307.17 | 297.47 | 278.87 | 259.17 | 247.09 |
| Revenue From Operations / Share (Rs.) | 458.67 | 454.92 | 384.72 | 349.48 | 283.56 |
| PBDIT / Share (Rs.) | 40.52 | 48.04 | 46.09 | 43.98 | 48.80 |
| PBIT / Share (Rs.) | 20.34 | 30.21 | 30.67 | 29.79 | 35.32 |
| PBT / Share (Rs.) | 16.52 | 27.15 | 29.33 | 28.84 | 34.47 |
| Net Profit / Share (Rs.) | 11.93 | 22.66 | 21.98 | 21.50 | 18.20 |
| NP After MI And SOA / Share (Rs.) | 11.93 | 22.66 | 21.98 | 21.50 | 18.20 |
| PBDIT Margin (%) | 8.83 | 10.56 | 11.97 | 12.58 | 17.20 |
| PBIT Margin (%) | 4.43 | 6.64 | 7.97 | 8.52 | 12.45 |
| PBT Margin (%) | 3.60 | 5.96 | 7.62 | 8.25 | 12.15 |
| Net Profit Margin (%) | 2.59 | 4.98 | 5.71 | 6.15 | 6.41 |
| NP After MI And SOA Margin (%) | 2.59 | 4.98 | 5.71 | 6.15 | 6.41 |
| Return on Networth / Equity (%) | 3.88 | 7.61 | 7.88 | 8.29 | 7.36 |
| Return on Capital Employeed (%) | 6.09 | 9.24 | 9.89 | 10.72 | 13.28 |
| Return On Assets (%) | 2.65 | 5.48 | 5.55 | 6.02 | 5.54 |
| Long Term Debt / Equity (X) | 0.04 | 0.05 | 0.04 | 0.01 | 0.01 |
| Total Debt / Equity (X) | 0.18 | 0.15 | 0.14 | 0.09 | 0.05 |
| Asset Turnover Ratio (%) | 1.06 | 1.12 | 0.77 | 0.78 | 0.72 |
| Current Ratio (X) | 2.28 | 2.68 | 2.71 | 2.82 | 3.22 |
| Quick Ratio (X) | 1.31 | 1.72 | 1.73 | 1.91 | 2.48 |
| Inventory Turnover Ratio (X) | 4.69 | 2.46 | 1.73 | 2.16 | 2.09 |
| Dividend Payout Ratio (NP) (%) | 58.69 | 30.88 | 31.85 | 46.51 | 0.00 |
| Dividend Payout Ratio (CP) (%) | 21.80 | 17.28 | 18.72 | 28.01 | 0.00 |
| Earning Retention Ratio (%) | 41.31 | 69.12 | 68.15 | 53.49 | 0.00 |
| Cash Earning Retention Ratio (%) | 78.20 | 82.72 | 81.28 | 71.99 | 0.00 |
| Interest Coverage Ratio (X) | 10.62 | 15.69 | 34.31 | 46.51 | 57.50 |
| Interest Coverage Ratio (Post Tax) (X) | 4.13 | 8.40 | 17.36 | 23.74 | 22.44 |
| Enterprise Value (Cr.) | 1401.63 | 2039.82 | 846.60 | 886.69 | 997.58 |
| EV / Net Operating Revenue (X) | 0.84 | 1.24 | 0.61 | 0.70 | 0.97 |
| EV / EBITDA (X) | 9.60 | 11.78 | 5.10 | 5.59 | 5.67 |
| MarketCap / Net Operating Revenue (X) | 0.76 | 1.19 | 0.54 | 0.73 | 1.12 |
| Retention Ratios (%) | 41.30 | 69.11 | 68.14 | 53.48 | 0.00 |
| Price / BV (X) | 1.14 | 1.82 | 0.75 | 0.99 | 1.28 |
| Price / Net Operating Revenue (X) | 0.76 | 1.19 | 0.54 | 0.73 | 1.12 |
| EarningsYield | 0.03 | 0.04 | 0.10 | 0.08 | 0.05 |
After reviewing the key financial ratios for IFGL Refractories Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 11.93. This value is within the healthy range. It has decreased from 22.66 (Mar 24) to 11.93, marking a decrease of 10.73.
- For Diluted EPS (Rs.), as of Mar 25, the value is 11.93. This value is within the healthy range. It has decreased from 22.66 (Mar 24) to 11.93, marking a decrease of 10.73.
- For Cash EPS (Rs.), as of Mar 25, the value is 32.11. This value is within the healthy range. It has decreased from 40.50 (Mar 24) to 32.11, marking a decrease of 8.39.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 307.17. It has increased from 297.47 (Mar 24) to 307.17, marking an increase of 9.70.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 307.17. It has increased from 297.47 (Mar 24) to 307.17, marking an increase of 9.70.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 458.67. It has increased from 454.92 (Mar 24) to 458.67, marking an increase of 3.75.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 40.52. This value is within the healthy range. It has decreased from 48.04 (Mar 24) to 40.52, marking a decrease of 7.52.
- For PBIT / Share (Rs.), as of Mar 25, the value is 20.34. This value is within the healthy range. It has decreased from 30.21 (Mar 24) to 20.34, marking a decrease of 9.87.
- For PBT / Share (Rs.), as of Mar 25, the value is 16.52. This value is within the healthy range. It has decreased from 27.15 (Mar 24) to 16.52, marking a decrease of 10.63.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 11.93. This value is within the healthy range. It has decreased from 22.66 (Mar 24) to 11.93, marking a decrease of 10.73.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 11.93. This value is within the healthy range. It has decreased from 22.66 (Mar 24) to 11.93, marking a decrease of 10.73.
- For PBDIT Margin (%), as of Mar 25, the value is 8.83. This value is below the healthy minimum of 10. It has decreased from 10.56 (Mar 24) to 8.83, marking a decrease of 1.73.
- For PBIT Margin (%), as of Mar 25, the value is 4.43. This value is below the healthy minimum of 10. It has decreased from 6.64 (Mar 24) to 4.43, marking a decrease of 2.21.
- For PBT Margin (%), as of Mar 25, the value is 3.60. This value is below the healthy minimum of 10. It has decreased from 5.96 (Mar 24) to 3.60, marking a decrease of 2.36.
- For Net Profit Margin (%), as of Mar 25, the value is 2.59. This value is below the healthy minimum of 5. It has decreased from 4.98 (Mar 24) to 2.59, marking a decrease of 2.39.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 2.59. This value is below the healthy minimum of 8. It has decreased from 4.98 (Mar 24) to 2.59, marking a decrease of 2.39.
- For Return on Networth / Equity (%), as of Mar 25, the value is 3.88. This value is below the healthy minimum of 15. It has decreased from 7.61 (Mar 24) to 3.88, marking a decrease of 3.73.
- For Return on Capital Employeed (%), as of Mar 25, the value is 6.09. This value is below the healthy minimum of 10. It has decreased from 9.24 (Mar 24) to 6.09, marking a decrease of 3.15.
- For Return On Assets (%), as of Mar 25, the value is 2.65. This value is below the healthy minimum of 5. It has decreased from 5.48 (Mar 24) to 2.65, marking a decrease of 2.83.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.04. This value is below the healthy minimum of 0.2. It has decreased from 0.05 (Mar 24) to 0.04, marking a decrease of 0.01.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.18. This value is within the healthy range. It has increased from 0.15 (Mar 24) to 0.18, marking an increase of 0.03.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 1.06. It has decreased from 1.12 (Mar 24) to 1.06, marking a decrease of 0.06.
- For Current Ratio (X), as of Mar 25, the value is 2.28. This value is within the healthy range. It has decreased from 2.68 (Mar 24) to 2.28, marking a decrease of 0.40.
- For Quick Ratio (X), as of Mar 25, the value is 1.31. This value is within the healthy range. It has decreased from 1.72 (Mar 24) to 1.31, marking a decrease of 0.41.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 4.69. This value is within the healthy range. It has increased from 2.46 (Mar 24) to 4.69, marking an increase of 2.23.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 58.69. This value exceeds the healthy maximum of 50. It has increased from 30.88 (Mar 24) to 58.69, marking an increase of 27.81.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 21.80. This value is within the healthy range. It has increased from 17.28 (Mar 24) to 21.80, marking an increase of 4.52.
- For Earning Retention Ratio (%), as of Mar 25, the value is 41.31. This value is within the healthy range. It has decreased from 69.12 (Mar 24) to 41.31, marking a decrease of 27.81.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 78.20. This value exceeds the healthy maximum of 70. It has decreased from 82.72 (Mar 24) to 78.20, marking a decrease of 4.52.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 10.62. This value is within the healthy range. It has decreased from 15.69 (Mar 24) to 10.62, marking a decrease of 5.07.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 4.13. This value is within the healthy range. It has decreased from 8.40 (Mar 24) to 4.13, marking a decrease of 4.27.
- For Enterprise Value (Cr.), as of Mar 25, the value is 1,401.63. It has decreased from 2,039.82 (Mar 24) to 1,401.63, marking a decrease of 638.19.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 0.84. This value is below the healthy minimum of 1. It has decreased from 1.24 (Mar 24) to 0.84, marking a decrease of 0.40.
- For EV / EBITDA (X), as of Mar 25, the value is 9.60. This value is within the healthy range. It has decreased from 11.78 (Mar 24) to 9.60, marking a decrease of 2.18.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.76. This value is below the healthy minimum of 1. It has decreased from 1.19 (Mar 24) to 0.76, marking a decrease of 0.43.
- For Retention Ratios (%), as of Mar 25, the value is 41.30. This value is within the healthy range. It has decreased from 69.11 (Mar 24) to 41.30, marking a decrease of 27.81.
- For Price / BV (X), as of Mar 25, the value is 1.14. This value is within the healthy range. It has decreased from 1.82 (Mar 24) to 1.14, marking a decrease of 0.68.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.76. This value is below the healthy minimum of 1. It has decreased from 1.19 (Mar 24) to 0.76, marking a decrease of 0.43.
- For EarningsYield, as of Mar 25, the value is 0.03. This value is below the healthy minimum of 5. It has decreased from 0.04 (Mar 24) to 0.03, marking a decrease of 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in IFGL Refractories Ltd:
- Net Profit Margin: 2.59%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 6.09% (Industry Average ROCE: 18.1%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 3.88% (Industry Average ROE: 13.55%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 4.13
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 1.31
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 50.3 (Industry average Stock P/E: 36.28)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.18
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 2.59%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Refractories | Sector 'B', Sundargarh Dist. Orissa 770031 | ifgl.works@ifgl.in http://www.ifglref.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Shishir Kumar Bajoria | Chairman |
| Mr. James McIntosh | Managing Director |
| Mr. Arasu Shanmugam | Director & CEO |
| Mr. Rajesh Agarwal | Director |
| Mr. Mihir Prakash Bajoria | Non Exe.Non Ind.Director |
| Mr. D G Rajan | Independent Director |
| Mr. Debal Kumar Banerji | Independent Director |
| Mr. Sudhamoy Khasnobis | Independent Director |
| Mr. Gaurav Swarup | Independent Director |
| Ms. Anita Gupta | Independent Director |
FAQ
What is the intrinsic value of IFGL Refractories Ltd?
IFGL Refractories Ltd's intrinsic value (as of 12 December 2025) is 254.71 which is 22.46% higher the current market price of 208.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 1,496 Cr. market cap, FY2025-2026 high/low of 340/163, reserves of ₹1,066 Cr, and liabilities of 1,737 Cr.
What is the Market Cap of IFGL Refractories Ltd?
The Market Cap of IFGL Refractories Ltd is 1,496 Cr..
What is the current Stock Price of IFGL Refractories Ltd as on 12 December 2025?
The current stock price of IFGL Refractories Ltd as on 12 December 2025 is 208.
What is the High / Low of IFGL Refractories Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of IFGL Refractories Ltd stocks is 340/163.
What is the Stock P/E of IFGL Refractories Ltd?
The Stock P/E of IFGL Refractories Ltd is 50.3.
What is the Book Value of IFGL Refractories Ltd?
The Book Value of IFGL Refractories Ltd is 158.
What is the Dividend Yield of IFGL Refractories Ltd?
The Dividend Yield of IFGL Refractories Ltd is 1.68 %.
What is the ROCE of IFGL Refractories Ltd?
The ROCE of IFGL Refractories Ltd is 5.71 %.
What is the ROE of IFGL Refractories Ltd?
The ROE of IFGL Refractories Ltd is 3.94 %.
What is the Face Value of IFGL Refractories Ltd?
The Face Value of IFGL Refractories Ltd is 10.0.