SP Refractories Ltd.

•

sprefractories.comBSE: -NSE: SPRL

Market Cap₹ 18 Cr.

Current Price

High / Low₹ 199 / 74

Stock P/E5.2

Book Value₹ 70

Price to Book1.71

Dividend Yield0.00 %

ROCE19.5 %

ROE18.1 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

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PROS

Operating margins have improved to 11.7% from 5.1%
Company comfortably covers its interest (9.1x coverage)
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position
Company converts assets efficiently - asset turnover of 1.7x

CONS

Company has delivered a poor sales growth of 7.6% over past five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsCapital GoodsRefractories

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	RPEL	1844.25	135.08	8469.16	0.05	19.57	67.60	86.91	48.72	31.26	29.62
2.	VESUVIUS	413.95	32.80	8401.56	0.36	58.51	-7.13	536.17	2.41	23.15	16.16
3.	RHIM	376.20	0.00	7768.58	0.66	64.61	83.19	1013.97	5.59	-6.95	13.58
4.	IFGLEXPOR	205.60	36.19	1481.94	1.05	170.60	1478.17	5123.70	1028.54	4.62	7.22
5.	ORIENTCER	45.54	20.86	544.84	0.77	8.57	99.19	100.65	2.23	6.18	16.11
6.	DALMIAREF	112.50	5.17	35.46	0.89	—	—	—	—	5.89	—
7.	SPRL	102.00	5.17	18.25	0.00	—	—	—	—	19.49	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	19	21	26	32	27	29	30
	18	20	24	30	26	26	27
Operating Profit	1	1	1	2	1	3	4
OPM %	4.70%	5.68%	5.70%	6.32%	5.43%	10.05%	11.67%
	0	0	0	0	0	0	0
Interest	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0
Profit before Tax	0	1	1	1	1	2	3
Tax %	26.83%	27.70%	27.93%	27.78%	26.00%	28.12%	25.16%
Net Profit	0	0	1	1	1	2	2
EPS	0.00	0.00	0.00	0.00	3.44	8.71	11.68
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 8%
3 Years:: -1%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 39%
3 Years:: 29%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 1%
1 Year:: -15%

RETURN ON EQUITY

10 Years:: —
5 Years:: 15%
3 Years:: 14%
Last Year:: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0	0	1	2	2	2	2
	3	3	3	7	7	9	11
	4	4	4	5	5	5	4
Trade Payables	0	0	1	2	1	1	1
	1	1	1	0	0	1	1
Total Liabilities	8	9	11	15	16	17	19
	2	2	2	4	4	7	7
Capital Work in Progress	0	0	0	1	2	0	0
	1	1	1	2	3	3	5
	0	0	0	0	0	6	6
Cash & Bank	0	0	0	1	0	0	0
	5	6	7	7	7	1	1
Total Assets	8	9	11	15	16	17	19

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	1	1	-0	1	1	2	1
Cash from Investing	-0	-0	-0	-3	-2	-1	-0
Cash from Financing	-1	-1	1	3	1	-0	-1
	0	-0	-0	1	-1	0	-0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	69.42	69.42	69.42	69.42	69.42	69.42	69.42	69.42
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	30.58	30.58	30.58	30.58	30.58	30.58	30.58	30.58

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for SPRL

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AI Stock Analyst

SP Refractories Ltd.

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Name

RPEL

1844.25

135.08

8469.16

0.05

19.57

67.60

86.91

48.72

31.26

29.62

VESUVIUS

413.95

32.80

8401.56

0.36

58.51

-7.13

536.17

2.41

23.15

16.16

RHIM

376.20

0.00

7768.58

0.66

64.61

83.19

1013.97

5.59

-6.95

13.58

IFGLEXPOR

205.60

36.19

1481.94

1.05

170.60

1478.17

5123.70

1028.54

4.62

7.22

ORIENTCER

45.54

20.86

544.84

0.77

8.57

99.19

100.65

2.23

6.18

16.11

DALMIAREF

112.50

5.17

35.46

0.89

—

5.89

—

SPRL

102.00

5.17

18.25

0.00

—

19.49

—

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Operating Profit

OPM %

4.70%

5.68%

5.70%

6.32%

5.43%

10.05%

11.67%

Interest

Depreciation

Profit before Tax

Tax %

26.83%

27.70%

27.93%

27.78%

26.00%

28.12%

25.16%

Net Profit

EPS

0.00

3.44

8.71

11.68

Dividend Payout %

0.00%

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

Trade Payables

Total Liabilities

Capital Work in Progress

Cash & Bank

Total Assets

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-0

Cash from Investing

-0

-3

-2

-1

-0

Cash from Financing

-1

-0

-1

-0

-1

-0

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Sep 2022

Mar 2023

Sep 2023

Mar 2024

Sep 2024

Mar 2025

Sep 2025

Mar 2026

69.42

FIIs

0.00

DIIs

0.00

Government

0.00

30.58

SP Refractories Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

SP Refractories Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI