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IFGL Refractories Limited

IFGL Refractories Limited

NSE: IFGLEXPOR
Building MaterialsBasic MaterialsSMALL CAPMCap ₹1.32k Cr
₹182.96₹5.38 (+3.03%)

Market Closed • NSE

Market cap₹1.32k Cr
Enterprise value₹1.37k Cr
P/E TTM32.21
Forward P/E11.16
P/B1.12
EPS TTM₹5.68
Forward EPS₹16.40
ROCE4.92%
D/E0.18
Dividend yield0.01%
Face value₹10.00
52W high₹268.00
52W low₹119.68
Price chart(1Y)
1Y Return:-2.52% (₹4.73)
H: ₹247.9L: ₹175.5
1W+1.14%
1M-7.43%
3M-12.66%
6M+1.36%
1Y-28.80%
Today at a glance

Day range

₹177.58₹183.99

52 week range

₹119.68₹268.00
Volume7.5K0.30x 20D avg
Free float50.00%-69.50% volume

IFGL Refractories Limited closed at INR182.96 (+3.03%) on volume 0.3x its 20-day average, trading 31.73% below its 52-week high.

Technical analysis
RSI (14)40.2Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹8.12High
SMA 20₹187.81BEARISH
SMA 50₹202.46BEARISH
SMA 100₹202.08BEARISH
SMA 200₹187.81BEARISH
CPR bottom₹179.40
Pivot₹178.79
CPR top₹178.19
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +21.4% QoQ

2026-07-29

DIVIDEND Announced

Dividend - Rs 2.15 Per Share

2025-07-18

BONUS Announced

Bonus 1:1

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹208.7 Cr₹1.32k Cr15.83%≤ 33%PASS
Non-halal income ratio–₹1.89k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹1.62k Cr₹1.67k Cr96.85%≥ 20%PASS
Receivables ratio–₹1.67k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E32.2121.90
Forward P/E11.16—
P/B1.122.20
EV/EBITDA—18.00
PEG—1.00
Earnings yield3.104.60
Growth & profitability
RevenuePAT
FY24PAT margin 5.00%
FY25PAT margin 2.60%
FY26PAT margin 1.80%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+4.60%
Revenue CAGR 5Y+2.90%
PAT CAGR 3Y-6.90%
PAT CAGR 5Y-15.70%
Operating margin4.56%
Net margin2.10%
Financial health & cash flow
Net debt₹156.0 CrModerate
Interest coverage3.60xEBIT / interest
CFO / PAT1.37x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹63.4 Cr
Capital expenditure–
Free cash flow₹-35.0 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall65/100
Valuation50/100
Profitability50/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.18x

High Cash Flow Conversion: CFO/PAT averaged 1.37x over last 3 years

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Building Materials.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

80%53%27%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
13.04%Institutional holding
14.52%Public holding
5Periods available
0.00%Promoter pledged
21.53KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
29 Jul 2026Dividend₹2.15 / share—29 Jul 2026
18 Jul 2025Bonus issue1:1 bonus ratio—18 Jul 2025
06 Jun 2025DividendDividend - Re 1 Per Sh—06 Jun 2025
13 May 2025Dividend₹6.00 / share—13 May 2025
—Dividend₹7.00 / share—24 Jul 2024
—Dividend₹7.00 / share—18 Aug 2023
—Dividend₹7.00 / share—20 Sept 2022
—Dividend₹4.00 / share—29 Jul 2021
—Annual General MeetingAnnual General Meeting—17 Sept 2020
19 Feb 2020Dividend₹2.50 / share—17 Feb 2020
—Dividend₹2.50 / share—18 Jul 2019
—Dividend₹2.00 / share—14 Aug 2018
—Dividend₹2.00 / share—14 Dec 2017
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)56.04%-12.49% latest vs average
Highest delivery78.19%on 07 Oct
Average volume (20D)24.6KTrading-session average
Conviction trendWeakening-12.49% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
UltraTech Cement Limited
UltraTech Cement LimitedULTRACEMCO
Open analysis
₹3.21L37.592.21%₹25,799.47₹2,982.76+11.86%+20.17%
JSW Steel Limited
JSW Steel LimitedJSWSTEEL
Open analysis
₹2.97L12.050.59%₹47,364.00₹4,651.00+11.55%+112.96%
Hindustan Zinc Limited
Hindustan Zinc LimitedHINDZINC
Open analysis
₹2.28L13.372.07%₹13,687.00₹5,425.00+77.22%+146.14%
Asian Paints Limited
Asian Paints LimitedASIANPAINT
Open analysis
₹2.24L46.941.17%₹10,541.94₹1,539.25+17.94%+39.96%
Tata Steel Limited
Tata Steel LimitedTATASTEEL
Open analysis
₹2.19L19.832.27%₹60,794.00₹2,385.00+14.32%+18.83%
Hindalco Industries Limited
Hindalco Industries LimitedHINDALCO
Open analysis
₹2.02L12.320.56%₹84,825.00₹7,013.00+32.06%+75.15%
Grasim Industries Limited
Grasim Industries LimitedGRASIM
Open analysis
₹1.98L34.820.35%₹11,794.71₹246.65-70.60%-82.61%
Solar Industries India Limited
Solar Industries India LimitedSOLARINDS
Open analysis
₹1.81L90.930.06%₹3,668.00₹666.00+70.29%+88.67%
About IFGL Refractories Limited
IFGL Refractories Limited

IFGL Refractories Ltd is a manufacturer of Specialized refractories and requisite operating systems for Iron and Steel Industry.[1]

IndiaBasic Materials

Questions investors ask
Is IFGL Refractories Limited Shariah compliant?

IFGL Refractories Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (15.83%) complies with AAOIFI threshold (≤ 33%).

What is IFGL Refractories Limited's current valuation relative to peers?

IFGL Refractories Limited trades at a P/E of 32.2x compared to the sector median of 21.9x, and a Price-to-Book of 1.1x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.18x. Interest coverage is 3.6x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 2.9% while net profit growth averaged -15.7%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.