1. India Stocks

  2. •

    Producer manufacturing

  3. •

    Industrial machinery
IFGL Refractories Ltd.

IFGL Refractories Ltd.

168.10
INR
-3.55
(-2.07%)
5.69EPS
31.60P/E
12.96BMarket Cap
Nov 09Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
112.34
113.66
103.57
106.17
115.85
130.36
124.75
139.85
171.92
190.37
226.28
227.82
261.78
271.35
Basic EPS, GAAP
9.14
7.58
6.06
6.93
6.54
7
2.7
9.1
10.75
10.99
11.33
5.96
4.81
5.69
Free Cash Flow per Basic Share
7.6
9.18
11.99
2.01
-0.52
9.71
17.33
15.03
-8.56
-18.08
2.42
-6.19
-0.05
- -
Dividend per Share
0.85
1.07
1.94
0.08
1.27
1.21
3.01
- -
5
3.5
3.5
3.5
3.5
- -
Book Value per Share
47.53
49.81
55.86
99.07
104.33
110.25
112.23
123.54
129.58
139.44
148.73
153.58
163
- -
Tangible Book Value per Share
28.14
31.87
37.01
47.15
56.22
65.84
75.31
89.19
99.1
109.18
122.25
130.19
141.04
- -
Basic Weighted Avg Shares
69
69
69
72
72
72
72
72
72
72
72
72
72
72
Sales/Revenue/Turnover
7,776
7,868
7,170
7,653
8,351
9,396
8,991
10,080
12,392
13,722
16,310
16,421
18,869
19,526
Operating Margin (%)
12.16
9.57
9.15
7.23
6.28
6.1
4.76
10.45
7.55
8.31
6.88
4.62
4.34
3.22
Depreciation Expense
155
143
155
441
438
460
483
486
511
556
643
727
796
740
Net Income, GAAP
640
531
420
500
471
505
195
656
775
792
817
430
347
410
Effective Tax Rate (%)
27.39
32.26
25.77
8.35
24.66
21.22
35.08
47.2
25.45
25.06
16.51
27.82
23.14
22.9
Profit Margin (%)
8.23
6.75
5.85
6.53
5.64
5.37
2.16
6.51
6.25
5.77
5.01
2.62
1.84
2.1
Working Capital
1,259
1,393
1,651
2,109
2,829
3,292
3,835
5,017
5,197
5,271
5,252
5,347
5,660
- -
LT Debt
405
289
186
144
205
156
244
219
188
600
685
565
439
- -
Total Equity
3,385
3,544
3,995
6,858
7,520
7,946
8,089
8,905
9,340
10,050
10,721
11,070
11,749
- -
Return on Invested Capital (%)
16.06
11.56
9.83
8.19
4.89
5.17
1.29
5.95
6.39
6.02
5.98
3.02
2.71
- -
Return on Capital (%)
16.66
12.81
9.19
8.73
6.13
6.1
2.48
7.35
8.05
7.54
7.54
4.12
3.47
- -
Return on Common Equity (%)
22.03
15.57
11.47
9.32
6.55
6.53
2.43
7.72
8.49
8.17
7.86
3.94
3.04
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
1,648
- -
LT Borrowings
- -
326
- -
LT Finance Leases
- -
113
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
72
72
72
Market Capitalization
14,996
8,916
12,960

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
9,887
- -
Cash, Cash Equivalents & STI
- -
1,195
- -
Accounts Receivable, Net
- -
4,251
- -
Inventories
- -
4,114
- -
Total Current Liabilities
- -
4,227
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,648
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.74%
5.71%
6.13%
Free Cash Flow
-271.73%
-122.87%
-99.21%
Net Income, GAAP
15.3%
-8.63%
-19.27%
Sales/Revenue/Turnover
10.43%
13.62%
14.91%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
4,145
4,111
3,788
4,485
16,421
2026
4,540
4,886
4,686
4,830
18,869
2027
5,124
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
3.42
1.68
-0.3
1.17
5.96
2026
1.5
1.76
-0.43
1.98
4.81
2027
2.37
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
3.5
2026
- -
- -
- -
- -
3.5
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Mukesh Harshadrai Rawal
Full Time Employees
1,180
Sector
Producer manufacturing
Industry
Industrial machinery
Address
Mcleod House Kolkata WB India 700001
IPO Date
Aug 25, 1995
Website
ifglgroup.com
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Business
IFGL Refractories Limited manufactures, trades, and sells specialized refractories and related equipment for steel plants in India and internationally; it serves as a total refractory solutions provider primarily for the iron and steel industry with products including raker plates, granshot tundish systems, desulphurisation lances, torpedo ladle solutions, basic oxygen furnace refractories, electric arc furnace refractories, electric steel making systems, ladle and tundish refractories, fluxes, continuous casting refractories, slide gate refractories and systems, monolithics, precast shapes, zircon and zirconia nozzles, casting fluxes, purging systems, tube changer refractories, cast products, and foundry ceramics such as round hole filters, hipercast, EXHOF feeder heads, and SiC-DC casting products. The company operates manufacturing facilities in India across Gujarat, Odisha, and Andhra Pradesh, as well as subsidiaries and production units in China, the UK, Germany, and the USA, serving more than 300 customers in over 50 countries with a workforce exceeding 3,000 employees; founded in 1979 and headquartered in Kolkata, India, it functions as a subsidiary of Bajoria Financial Services Private Limited and traces promotional roots to the S.K. Bajoria Group of India and Krosaki Harima Corporation of Japan. Recent developments include the incorporation of IFGL Marvel Refractories Limited as a greenfield project to expand into cement, glass, non-ferrous, and gasification sectors through a strategic partnership emphasizing local 'Make in India' production; ongoing capacity expansions such as doubling isostatic refractories output to 40,000 pieces at the Kandla plant and increasing Vizag plant capacity to 7,400 tonnes by fiscal 2024; inauguration of a Research and Technology Centre at Kalunga, Odisha, for product innovation; past acquisitions like UK-based Sheffield Refractories to enhance flow control solutions; and management changes with the appointment of Subbaraman Swaminathan as Vice President - Projects in September 2025 and resignation of CHRO Navin Kumar Das in October 2025.