1. South Korea Stocks

  2. •

    Non-energy minerals

  3. •

    Construction materials
Korea Refractories Co., Ltd.

Korea Refractories Co., Ltd.

KKRX:010040
1,567.00
KRW
-21.00
(-1.32%)
198.56EPS
8.11P/E
66.12BMarket Cap
Korea Refractories Co., Ltd.
KRX:010040
(Korea Stock Exchange)

Recent

price

1,567.00

P/E

ratio

8.11

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
KRW
14,073.21
14,689.61
13,301.05
12,545.5
12,371.14
12,601.27
12,172.55
12,727.11
11,261.31
10,015.38
9,109.75
8,700.32
10,197.34
11,629.84
11,712.97
11,317.24
9,901.69
Revenue per Share
413
824.32
571
334
337
244
270
548
336
193
66
182
23
-416
155
-607
198.56
Basic EPS, GAAP
-1,146.83
2,278.18
691.03
-89.93
469.75
526.13
313.68
-542.42
730.2
-56.31
-24.18
291.42
-174.79
-271.8
332.61
147.53
-264.96
Free Cash Flow per Basic Share
- -
- -
84.32
49.94
50.05
50.07
50.08
25.02
24.98
33.51
34.95
25.02
35.25
45.03
44.9
98.7
- -
Dividend per Share
3,736.49
4,580.24
4,364.3
4,546.79
4,670.51
4,771.12
5,080.25
5,792.8
6,086.92
6,290.48
6,456.78
7,163.74
6,217.87
5,805.11
5,123.85
4,239
4,349.52
Book Value per Share
3,699.48
4,469.3
4,279.9
4,486.98
4,619.32
4,726.13
5,033.24
5,758.86
6,051.23
6,244
6,408.32
6,841.31
5,895.91
5,731.13
5,052.07
4,177.89
4,287.65
Tangible Book Value per Share
14
16
19
21
21
21
21
21
21
22
22
31
35
35
36
36
39
Basic Weighted Avg Shares
199,127
233,438
252,277
267,096
262,811
267,582
258,405
270,435
239,658
222,426
203,695
271,738
358,774
411,810
416,008
406,341
388,218
Sales/Revenue/Turnover
4.41
9.57
5.79
6.13
5.22
2.78
3.72
3.99
4.79
4.18
2.54
3.16
2.93
-1.83
2.06
0.68
2.26
Operating Margin (%)
5,456
4,926
5,090
5,521
6,029
6,109
6,130
5,855
5,620
6,687
6,970
7,171
7,493
7,947
9,358
10,480
9,953
Depreciation Expense
5,844
13,100
10,830
7,111
7,159
5,181
5,732
11,644
7,151
4,286
1,476
5,684
809
-14,730
5,505
-21,794
7,785
Net Income, GAAP
17.11
20.3
6.97
37.88
20.58
8.44
20.28
- -
19.06
31.62
42.42
22.94
22.04
- -
19.79
- -
- -
Effective Tax Rate (%)
2.93
5.61
4.29
2.66
2.72
1.94
2.22
4.31
2.98
1.93
0.72
2.09
0.23
-3.58
1.32
-5.36
2.01
Profit Margin (%)
-18,585
-11,398
1,839
2,069
-8,215
5,290
592
9,630
36,680
16,361
46,196
58,060
59,937
36,740
30,641
52,722
50,922
Working Capital
32,791
24,750
16,297
23,415
6,603
21,656
5,608
3,780
30,714
3,804
28,887
8,577
20,624
26,828
18,571
10,685
632
LT Debt
56,967
73,246
92,801
96,681
99,312
101,451
108,025
123,176
129,430
140,470
144,184
253,862
220,343
205,716
181,574
174,083
178,622
Total Equity
5.32
11.69
9.46
6.84
7.11
4.6
5.12
- -
5.44
3.72
1.69
2.85
3
- -
2.77
- -
- -
Return on Invested Capital (%)
7.72
12.07
10.02
6.03
6.28
4.72
4.76
- -
4.98
3.04
1.14
2.75
0.6
- -
3.04
- -
- -
Return on Capital (%)
10.76
20.12
13.04
7.51
7.31
5.16
5.47
10.07
5.66
3.18
1.04
2.86
0.34
-6.91
2.84
-12.26
4.76
Return on Common Equity (%)

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
23,461
33,092
33,089
LT Borrowings
10,000
- -
- -
LT Finance Leases
685
887
632
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
41
41
41
Market Capitalization
86,035
76,467
66,118

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
131,786
137,880
135,504
Cash, Cash Equivalents & STI
21,838
22,092
9,834
Accounts Receivable, Net
66,990
63,731
78,818
Inventories
40,901
47,637
43,808
Total Current Liabilities
79,064
92,079
84,582
Payables & Accruals
- -
- -
- -
ST Debt
23,461
33,092
33,089
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.71%
8.07%
-4.13%
Free Cash Flow
-288.59%
-434.55%
-55.16%
Net Income, GAAP
-238.46%
-470.84%
-495.89%
Sales/Revenue/Turnover
5.32%
15.78%
-2.32%
Total Cash Common Dividend
- -
- -
122.22%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
93,354
105,250
101,370
116,035
416,008
2025
104,393
106,259
103,265
92,424
406,341
2026
88,423
104,106
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
31
-7
18
114.03
155
2025
-27
-766
264.35
-78.08
-607
2026
-13.59
49
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
44.9
2025
- -
- -
- -
- -
98.7
2026
- -
- -
- -
- -
- -
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Business
Korea Refractories Co., Ltd (KRX: 010040) manufactures and supplies shaped refractories, including special high alumina bricks, fire clay bricks, unburned bricks, acid proof bricks, cordierite bricks, insulating fire bricks, unburned magnesia bricks and others; monolithic refractories, including castables, plastic refractories, mortar and others; functional refractories; and non-ferrous metal powders. The company also designs, constructs and maintains industrial furnaces and facilities such as heating and heat treatment equipment, raw materials storage facilities, gravity tanks, chimneys and iron frame structures for metal, chemical, power generation and environmental applications, with products serving iron and steel making, power plants, incinerators, cement and lime kilns, glass, nonferrous metals, chemicals, heating furnaces, reheating furnaces and stacks. In addition, it engages in powder processing, aluminum alloy and dross production, and provides construction and maintenance services primarily to heavy industries. Founded in 1973 and formerly known as Korea Special Refractories Co., Ltd until its name change in January 1995, the company is headquartered at 370 Musudeul-gil, Songsan-myeon, Dangjin-si, Chungcheongnam-do, South Korea, with additional facilities including a Seocheon factory and operations tied to major clients like Hyundai Steel. Korea Refractories operates mainly in South Korea, focusing on domestic sales to steel, cement, non-ferrous metals and other industrial sectors, with business segments encompassing refractories, aluminum and construction. In recent developments, the company announced plans in December 2025 to divest approximately 12 billion won worth of its own shares, aiming to optimize its capital structure. It reported positive net income of KRW 5.505 billion for fiscal year 2024, reflecting recovery from prior losses, alongside steady revenue growth to KRW 416 billion. The firm continues to supply refractories for key projects such as Hyundai Steel's integrated steel mill operations and maintains long-term contracts for furnace construction and maintenance.