Refractory Shapes Ltd.
NNSE:REFRACTORY38.85
INR
+1.85
(+5.00%)
Refractory Shapes Ltd.
NSE:REFRACTORY
(National Stock Exchange of India)
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- Refractory Shapes Ltd. manufactures special refractory shapes, custom-made refractory products, ceramic balls of low and medium purity, high alumina catalysts, pre-cast and pre-fired blocks, burner blocks, dense and insulating castables, mortars, dome bricks, hexagonal tiles, circle bricks, and alumina lumps for high-purity applications. These products serve industries including steel, refineries, fertilizers, petrochemicals, glass, cement, and others, with custom designs produced via an in-house engineering team to meet licensor and client specifications. The company also trades complementary items such as metallic anchors and surplus raw materials like tabular alumina and insulation bricks. Founded in 1973 as a proprietorship and incorporated as a public limited company in February 2024 following conversion from private limited status in 1996, Refractory Shapes Ltd. maintains headquarters and a primary manufacturing facility in Pune, India, approximately 170 kilometers from Mumbai. In 2021, the company commissioned an expansion unit on 10 acres in Wankaner, Gujarat, equipped with advanced production technologies and a NABL-accredited laboratory for testing physical, chemical, and thermal properties per IS and ASTM standards. It holds ISO 9001 certification since 1998 and operates with PAN-India presence across 17 states and two union territories, alongside exports to over 20 countries including Kuwait, UAE, Saudi Arabia, Qatar, Nepal, Bangladesh, Germany, USA, and South Africa. Recent developments include the successful initial public offering on NSE SME Emerge in May 2024, raising Rs 18.6 crore through 6 million equity shares priced at Rs 27-31, with listing on May 14, 2024, and robust market debut at a 141% premium. IPO proceeds fund civil construction and plant/machinery for the Wankaner expansion, acquisition of a commercial vehicle, and general corporate purposes, with no deviations reported as of August 2025. In May 2025, the company disclosed related party transactions for the half-year ended March 31, 2025, in compliance with SEBI regulations, while maintaining promoter holding at 72.5% and reporting record revenue of Rs 58.8 crore and profit of Rs 6.05 crore for FY2025.