IFGL Refractories Ltd.
•₹ 211.77-1.92%
2026-08-21
PROS
- Company has consistently been profitable over the last 5 years
- Latest quarter profit grew 57.8% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.53x)
- Company has been maintaining a healthy dividend payout of 44.7%
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
CONS
- Company has a low return on capital employed of 6.5%
- Company has a low return on equity of 4.9% over last 3 years
- Company has delivered a poor profit growth of -12.0% over past five years
- Valuation is stretched - P/E of 38.9 is well above its own 5-year median (14.7)
- Operating margins have contracted to 7.2% from 12.0%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | VESUVIUS | 433.00 | 0.00 | 8788.20 | 0.35 | 58.51 | -7.13 | 536.17 | 2.41 | 23.15 | 16.16 |
| 2. | RHIM | 375.00 | 0.00 | 7743.80 | 0.67 | 64.61 | 83.19 | 1013.97 | 5.59 | 7.24 | 13.58 |
| 3. | RPEL | 1636.15 | 119.84 | 7513.52 | 0.06 | 19.57 | 67.60 | 86.91 | 48.72 | 31.26 | 29.62 |
| 4. | IFGLEXPOR | 221.05 | 38.91 | 1593.30 | 0.97 | 170.60 | 1478.17 | 5123.70 | 1028.54 | 4.62 | 7.22 |
| 5. | ORIENTCER | 42.84 | 19.62 | 512.53 | 0.82 | 8.57 | 99.19 | 100.65 | 2.23 | 6.18 | 16.11 |
| 6. | DALMIAREF | 112.50 | 5.17 | 35.46 | 0.89 | — | — | — | — | 5.89 | — |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 424 | 456 | 366 | 394 | 415 | 411 | 379 | 449 | 454 | 489 | 469 | 483 | 5,124 | |
| 368 | 388 | 370 | 359 | 368 | 379 | 362 | 415 | 418 | 451 | 446 | 444 | 4,919 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 3 | 4 | 4 | 7 | 7 | 4 | 3 | 4 | 3 | 2 | 2 | 3 | 27 |
| Interest | 3 | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 5 | 4 | 4 | 4 | 29 |
| Depreciation | 16 | 16 | 16 | 17 | 17 | 18 | 18 | 20 | 19 | 20 | 20 | 21 | 136 |
| 41 | 54 | -18 | 21 | 33 | 15 | -2 | 13 | 15 | 17 | -4 | 17 | 231 | |
| Tax % | 28.29% | 29.34% | 108.24% | 40.85% | 26.04% | 21.46% | -11.22% | 34.09% | 28.74% | 24.01% | 17.65% | 16.05% | 26.27% |
| Net Profit | 0 | 0 | 0 | 0 | 25 | 12 | -2 | 8 | 11 | 13 | -3 | 14 | 171 |
| 8 | 11 | 0 | 3 | 3 | 2 | -0 | 1 | 2 | 2 | -0 | 2 | 2 | |
| Equity Capital | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 72 | 72 | 72 | 721 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 72 | 72 | 72 | 721 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 424
- 368
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 3
- Depreciation
- 16
- 41
- Tax %
- 28.29%
- Net Profit
- 0
- 8
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 456
- 388
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 2
- Depreciation
- 16
- 54
- Tax %
- 29.34%
- Net Profit
- 0
- 11
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 366
- 370
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 3
- Depreciation
- 16
- -18
- Tax %
- 108.24%
- Net Profit
- 0
- 0
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 394
- 359
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 3
- Depreciation
- 17
- 21
- Tax %
- 40.85%
- Net Profit
- 0
- 3
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 415
- 368
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 3
- Depreciation
- 17
- 33
- Tax %
- 26.04%
- Net Profit
- 25
- 3
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 411
- 379
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 3
- Depreciation
- 18
- 15
- Tax %
- 21.46%
- Net Profit
- 12
- 2
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 379
- 362
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 4
- Depreciation
- 18
- -2
- Tax %
- -11.22%
- Net Profit
- -2
- -0
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 449
- 415
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 4
- Depreciation
- 20
- 13
- Tax %
- 34.09%
- Net Profit
- 8
- 1
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 454
- 418
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 5
- Depreciation
- 19
- 15
- Tax %
- 28.74%
- Net Profit
- 11
- 2
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 489
- 451
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 4
- Depreciation
- 20
- 17
- Tax %
- 24.01%
- Net Profit
- 13
- 2
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 469
- 446
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 4
- Depreciation
- 20
- -4
- Tax %
- 17.65%
- Net Profit
- -3
- -0
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 483
- 444
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 4
- Depreciation
- 21
- 17
- Tax %
- 16.05%
- Net Profit
- 14
- 2
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 5,124
- 4,919
- Operating Profit
- —
- OPM %
- —
- Other Income
- 27
- Interest
- 29
- Depreciation
- 136
- 231
- Tax %
- 26.27%
- Net Profit
- 171
- 2
- Equity Capital
- 721
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 721
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 766 | 835 | 950 | 917 | 1,022 | 1,260 | 1,387 | 1,639 | 1,653 | 1,894 | 1,953 | |
| 667 | 739 | 843 | 826 | 867 | 1,126 | 1,234 | 1,485 | 1,523 | 1,757 | 1,832 | |
| Operating Profit | 103 | 110 | 114 | 103 | 176 | 158 | 166 | 173 | 147 | 147 | — |
| OPM % | 13 | 13 | 12 | 11 | 17 | 13 | 12 | 11 | 9 | 8 | — |
| Other Income | 4 | 14 | 6 | 11 | 21 | 25 | 14 | 19 | 17 | 10 | 10 |
| Interest | 5 | 4 | 4 | 4 | 3 | 3 | 5 | 11 | 15 | 17 | 14 |
| Depreciation | 44 | 44 | 46 | 48 | 49 | 51 | 56 | 64 | 73 | 80 | 74 |
| 55 | 63 | 64 | 30 | 124 | 104 | 106 | 98 | 60 | 45 | 53 | |
| Tax % | 8 | 25 | 21 | 35 | 47 | 25 | 25 | 17 | 28 | 23 | 23 |
| Net Profit | 50 | 47 | 50 | 19 | 66 | 77 | 79 | 82 | 43 | 35 | 41 |
| EPS | 0 | 0 | 0 | 0 | 24 | 22 | 22 | 23 | 12 | 5 | — |
| Dividend Payout % | 1 | 15 | 18 | 46 | 55 | 33 | 32 | 31 | 59 | 45 | — |
| Minority Interest | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 86 | 7 | 7 | 3 | 9 | 11 | 11 | 11 | 6 | 5 | — |
| Minority Interest | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 86 | 7 | 7 | 3 | 9 | 11 | 11 | 11 | 6 | 5 | — |
Mar 2017
- 766
- 667
- Operating Profit
- 103
- OPM %
- 13
- Other Income
- 4
- Interest
- 5
- Depreciation
- 44
- 55
- Tax %
- 8
- Net Profit
- 50
- EPS
- 0
- Dividend Payout %
- 1
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 86
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 86
Mar 2018
- 835
- 739
- Operating Profit
- 110
- OPM %
- 13
- Other Income
- 14
- Interest
- 4
- Depreciation
- 44
- 63
- Tax %
- 25
- Net Profit
- 47
- EPS
- 0
- Dividend Payout %
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
Mar 2019
- 950
- 843
- Operating Profit
- 114
- OPM %
- 12
- Other Income
- 6
- Interest
- 4
- Depreciation
- 46
- 64
- Tax %
- 21
- Net Profit
- 50
- EPS
- 0
- Dividend Payout %
- 18
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
Mar 2020
- 917
- 826
- Operating Profit
- 103
- OPM %
- 11
- Other Income
- 11
- Interest
- 4
- Depreciation
- 48
- 30
- Tax %
- 35
- Net Profit
- 19
- EPS
- 0
- Dividend Payout %
- 46
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2021
- 1,022
- 867
- Operating Profit
- 176
- OPM %
- 17
- Other Income
- 21
- Interest
- 3
- Depreciation
- 49
- 124
- Tax %
- 47
- Net Profit
- 66
- EPS
- 24
- Dividend Payout %
- 55
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2022
- 1,260
- 1,126
- Operating Profit
- 158
- OPM %
- 13
- Other Income
- 25
- Interest
- 3
- Depreciation
- 51
- 104
- Tax %
- 25
- Net Profit
- 77
- EPS
- 22
- Dividend Payout %
- 33
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2023
- 1,387
- 1,234
- Operating Profit
- 166
- OPM %
- 12
- Other Income
- 14
- Interest
- 5
- Depreciation
- 56
- 106
- Tax %
- 25
- Net Profit
- 79
- EPS
- 22
- Dividend Payout %
- 32
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2024
- 1,639
- 1,485
- Operating Profit
- 173
- OPM %
- 11
- Other Income
- 19
- Interest
- 11
- Depreciation
- 64
- 98
- Tax %
- 17
- Net Profit
- 82
- EPS
- 23
- Dividend Payout %
- 31
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2025
- 1,653
- 1,523
- Operating Profit
- 147
- OPM %
- 9
- Other Income
- 17
- Interest
- 15
- Depreciation
- 73
- 60
- Tax %
- 28
- Net Profit
- 43
- EPS
- 12
- Dividend Payout %
- 59
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2026
- 1,894
- 1,757
- Operating Profit
- 147
- OPM %
- 8
- Other Income
- 10
- Interest
- 17
- Depreciation
- 80
- 45
- Tax %
- 23
- Net Profit
- 35
- EPS
- 5
- Dividend Payout %
- 45
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
TTM
- 1,953
- 1,832
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 14
- Depreciation
- 74
- 53
- Tax %
- 23
- Net Profit
- 41
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 13%
- 3 Years:
- 11%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- -12%
- 3 Years:
- -24%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 5%
- 3 Years:
- 0%
- 1 Year:
- -20%
RETURN ON EQUITY
- 10 Years:
- 6%
- 5 Years:
- 6%
- 3 Years:
- 5%
- Last Year:
- 3%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 3 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 72 |
| 650 | 716 | 759 | 773 | 854 | 898 | 969 | 1,036 | 1,071 | 1,103 | |
| 61 | 86 | 69 | 35 | 36 | 78 | 99 | 80 | 140 | 147 | |
| Trade Payables | 117 | 125 | 124 | 124 | 155 | 187 | 186 | 179 | 236 | 232 |
| 123 | 79 | 31 | 55 | 102 | 86 | 249 | 283 | 280 | 272 | |
| Total Liabilities | 953 | 1,042 | 1,019 | 1,024 | 1,184 | 1,286 | 1,539 | 1,614 | 1,763 | 1,825 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 471 | 461 | 454 | 440 | 416 | 422 | 500 | 517 | 593 | 610 | |
| Capital Work in Progress | 2 | 8 | 6 | 7 | 22 | 25 | 46 | 104 | 27 | 41 |
| 12 | 13 | 46 | 94 | 128 | 135 | 132 | 126 | 105 | 68 | |
| 94 | 108 | 157 | 142 | 168 | 259 | 302 | 301 | 405 | 411 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 325 | 359 | 425 | |
| Cash & Bank | 56 | 81 | 88 | 111 | 191 | 128 | 58 | 72 | 64 | 54 |
| 318 | 369 | 268 | 230 | 260 | 317 | 501 | 169 | 209 | 216 | |
| Total Assets | 953 | 1,042 | 1,019 | 1,024 | 1,184 | 1,286 | 1,539 | 1,614 | 1,763 | 1,825 |
| Total Debt | 84 | 112 | 89 | 52 | 52 | 87 | 148 | 163 | 202 | 196 |
| Net Working Capital | 211 | 283 | 329 | 384 | 504 | 520 | 527 | 525 | 535 | 566 |
| Contingent Liabilities | 1 | 3 | 4 | 6 | 6 | 7 | 13 | 11 | 12 | 12 |
| Book Value per Share | 2238.07 | 208.66 | 220.49 | 224.46 | 247.09 | 259.17 | 278.88 | 297.47 | 307.17 | 163.00 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 84 | 112 | 89 | 52 | 52 | 87 | 148 | 163 | 202 | 196 |
| Net Working Capital | 211 | 283 | 329 | 384 | 504 | 520 | 527 | 525 | 535 | 566 |
| Contingent Liabilities | 1 | 3 | 4 | 6 | 6 | 7 | 13 | 11 | 12 | 12 |
| Book Value per Share | 2238.07 | 208.66 | 220.49 | 224.46 | 247.09 | 259.17 | 278.88 | 297.47 | 307.17 | 163.00 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2017
- Equity Capital
- 3
- 650
- 61
- Trade Payables
- 117
- 123
- Total Liabilities
- 953
- 471
- Capital Work in Progress
- 2
- 12
- 94
- 0
- Cash & Bank
- 56
- 318
- Total Assets
- 953
- Total Debt
- 84
- Net Working Capital
- 211
- Contingent Liabilities
- 1
- Book Value per Share
- 2238.07
- Face Value
- 10.00
- Total Debt
- 84
- Net Working Capital
- 211
- Contingent Liabilities
- 1
- Book Value per Share
- 2238.07
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 36
- 716
- 86
- Trade Payables
- 125
- 79
- Total Liabilities
- 1,042
- 461
- Capital Work in Progress
- 8
- 13
- 108
- 0
- Cash & Bank
- 81
- 369
- Total Assets
- 1,042
- Total Debt
- 112
- Net Working Capital
- 283
- Contingent Liabilities
- 3
- Book Value per Share
- 208.66
- Face Value
- 10.00
- Total Debt
- 112
- Net Working Capital
- 283
- Contingent Liabilities
- 3
- Book Value per Share
- 208.66
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 36
- 759
- 69
- Trade Payables
- 124
- 31
- Total Liabilities
- 1,019
- 454
- Capital Work in Progress
- 6
- 46
- 157
- 0
- Cash & Bank
- 88
- 268
- Total Assets
- 1,019
- Total Debt
- 89
- Net Working Capital
- 329
- Contingent Liabilities
- 4
- Book Value per Share
- 220.49
- Face Value
- 10.00
- Total Debt
- 89
- Net Working Capital
- 329
- Contingent Liabilities
- 4
- Book Value per Share
- 220.49
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 36
- 773
- 35
- Trade Payables
- 124
- 55
- Total Liabilities
- 1,024
- 440
- Capital Work in Progress
- 7
- 94
- 142
- 0
- Cash & Bank
- 111
- 230
- Total Assets
- 1,024
- Total Debt
- 52
- Net Working Capital
- 384
- Contingent Liabilities
- 6
- Book Value per Share
- 224.46
- Face Value
- 10.00
- Total Debt
- 52
- Net Working Capital
- 384
- Contingent Liabilities
- 6
- Book Value per Share
- 224.46
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 36
- 854
- 36
- Trade Payables
- 155
- 102
- Total Liabilities
- 1,184
- 416
- Capital Work in Progress
- 22
- 128
- 168
- 0
- Cash & Bank
- 191
- 260
- Total Assets
- 1,184
- Total Debt
- 52
- Net Working Capital
- 504
- Contingent Liabilities
- 6
- Book Value per Share
- 247.09
- Face Value
- 10.00
- Total Debt
- 52
- Net Working Capital
- 504
- Contingent Liabilities
- 6
- Book Value per Share
- 247.09
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 36
- 898
- 78
- Trade Payables
- 187
- 86
- Total Liabilities
- 1,286
- 422
- Capital Work in Progress
- 25
- 135
- 259
- 0
- Cash & Bank
- 128
- 317
- Total Assets
- 1,286
- Total Debt
- 87
- Net Working Capital
- 520
- Contingent Liabilities
- 7
- Book Value per Share
- 259.17
- Face Value
- 10.00
- Total Debt
- 87
- Net Working Capital
- 520
- Contingent Liabilities
- 7
- Book Value per Share
- 259.17
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 36
- 969
- 99
- Trade Payables
- 186
- 249
- Total Liabilities
- 1,539
- 500
- Capital Work in Progress
- 46
- 132
- 302
- 0
- Cash & Bank
- 58
- 501
- Total Assets
- 1,539
- Total Debt
- 148
- Net Working Capital
- 527
- Contingent Liabilities
- 13
- Book Value per Share
- 278.88
- Face Value
- 10.00
- Total Debt
- 148
- Net Working Capital
- 527
- Contingent Liabilities
- 13
- Book Value per Share
- 278.88
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 36
- 1,036
- 80
- Trade Payables
- 179
- 283
- Total Liabilities
- 1,614
- 517
- Capital Work in Progress
- 104
- 126
- 301
- 325
- Cash & Bank
- 72
- 169
- Total Assets
- 1,614
- Total Debt
- 163
- Net Working Capital
- 525
- Contingent Liabilities
- 11
- Book Value per Share
- 297.47
- Face Value
- 10.00
- Total Debt
- 163
- Net Working Capital
- 525
- Contingent Liabilities
- 11
- Book Value per Share
- 297.47
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 36
- 1,071
- 140
- Trade Payables
- 236
- 280
- Total Liabilities
- 1,763
- 593
- Capital Work in Progress
- 27
- 105
- 405
- 359
- Cash & Bank
- 64
- 209
- Total Assets
- 1,763
- Total Debt
- 202
- Net Working Capital
- 535
- Contingent Liabilities
- 12
- Book Value per Share
- 307.17
- Face Value
- 10.00
- Total Debt
- 202
- Net Working Capital
- 535
- Contingent Liabilities
- 12
- Book Value per Share
- 307.17
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 72
- 1,103
- 147
- Trade Payables
- 232
- 272
- Total Liabilities
- 1,825
- 610
- Capital Work in Progress
- 41
- 68
- 411
- 425
- Cash & Bank
- 54
- 216
- Total Assets
- 1,825
- Total Debt
- 196
- Net Working Capital
- 566
- Contingent Liabilities
- 12
- Book Value per Share
- 163.00
- Face Value
- 10.00
- Total Debt
- 196
- Net Working Capital
- 566
- Contingent Liabilities
- 12
- Book Value per Share
- 163.00
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 28 | 41 | 109 | 150 | 139 | 4 | 6 | 152 | 28 | 63 | |
| Cash from Investing | -0 | -48 | -71 | -54 | -106 | -24 | -123 | -117 | -37 | -21 |
| Cash from Financing | -4 | 18 | -37 | -66 | -5 | -7 | 50 | -24 | -4 | -58 |
| 23 | 11 | 2 | 30 | 28 | -27 | -67 | 11 | -13 | -15 | |
| Free Cash Flow | 28 | 4 | 85 | 119 | 103 | -50 | -150 | 21 | -54 | -68 |
| OCF / Net Profit | 0.56 | 0.87 | 2.17 | 7.70 | 2.13 | 0.06 | 0.08 | 1.86 | 0.66 | 1.83 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | 262 | 108 | 43 | -130 | -302 |
| OCF / Net Profit | 0.56 | 0.87 | 2.17 | 7.70 | 2.13 | 0.06 | 0.08 | 1.86 | 0.66 | 1.83 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | 262 | 108 | 43 | -130 | -302 |
Mar 2017
- 28
- Cash from Investing
- -0
- Cash from Financing
- -4
- 23
- Free Cash Flow
- 28
- OCF / Net Profit
- 0.56
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.56
- Cumulative 5-Year FCF
- 0
Mar 2018
- 41
- Cash from Investing
- -48
- Cash from Financing
- 18
- 11
- Free Cash Flow
- 4
- OCF / Net Profit
- 0.87
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.87
- Cumulative 5-Year FCF
- 0
Mar 2019
- 109
- Cash from Investing
- -71
- Cash from Financing
- -37
- 2
- Free Cash Flow
- 85
- OCF / Net Profit
- 2.17
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.17
- Cumulative 5-Year FCF
- 0
Mar 2020
- 150
- Cash from Investing
- -54
- Cash from Financing
- -66
- 30
- Free Cash Flow
- 119
- OCF / Net Profit
- 7.70
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 7.70
- Cumulative 5-Year FCF
- 0
Mar 2021
- 139
- Cash from Investing
- -106
- Cash from Financing
- -5
- 28
- Free Cash Flow
- 103
- OCF / Net Profit
- 2.13
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.13
- Cumulative 5-Year FCF
- 0
Mar 2022
- 4
- Cash from Investing
- -24
- Cash from Financing
- -7
- -27
- Free Cash Flow
- -50
- OCF / Net Profit
- 0.06
- Cumulative 5-Year FCF
- 262
- OCF / Net Profit
- 0.06
- Cumulative 5-Year FCF
- 262
Mar 2023
- 6
- Cash from Investing
- -123
- Cash from Financing
- 50
- -67
- Free Cash Flow
- -150
- OCF / Net Profit
- 0.08
- Cumulative 5-Year FCF
- 108
- OCF / Net Profit
- 0.08
- Cumulative 5-Year FCF
- 108
Mar 2024
- 152
- Cash from Investing
- -117
- Cash from Financing
- -24
- 11
- Free Cash Flow
- 21
- OCF / Net Profit
- 1.86
- Cumulative 5-Year FCF
- 43
- OCF / Net Profit
- 1.86
- Cumulative 5-Year FCF
- 43
Mar 2025
- 28
- Cash from Investing
- -37
- Cash from Financing
- -4
- -13
- Free Cash Flow
- -54
- OCF / Net Profit
- 0.66
- Cumulative 5-Year FCF
- -130
- OCF / Net Profit
- 0.66
- Cumulative 5-Year FCF
- -130
Mar 2026
- 63
- Cash from Investing
- -21
- Cash from Financing
- -58
- -15
- Free Cash Flow
- -68
- OCF / Net Profit
- 1.83
- Cumulative 5-Year FCF
- -302
- OCF / Net Profit
- 1.83
- Cumulative 5-Year FCF
- -302
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 171.30 | 13.07 | 14.00 | 5.40 | 18.20 | 21.50 | 21.98 | 22.66 | 11.93 | 4.81 |
| Book Value (₹) | 2238.07 | 208.66 | 220.49 | 224.46 | 247.09 | 259.17 | 278.88 | 297.47 | 307.17 | 163.00 |
| Dividend per Share (₹) | 2.00 | 2.00 | 2.50 | 2.50 | 10.00 | 7.00 | 7.00 | 7.00 | 7.00 | 2.15 |
| Cash EPS (₹) | 161.20 | 12.61 | 13.39 | 9.41 | 15.84 | 17.85 | 18.70 | 20.25 | 16.05 | 15.85 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 13.16% | 13.14% | 11.97% | 11.18% | 17.21% | 12.58% | 11.98% | 9.42% | 7.84% | 7.23% |
| Net Margin % | 6.38% | 5.61% | 5.31% | 2.12% | 6.42% | 6.15% | 5.71% | 4.98% | 2.60% | 1.83% |
| ROE % | 7.66% | 6.71% | 6.53% | 2.43% | 7.72% | 8.49% | 8.17% | 7.86% | 3.94% | 3.04% |
| ROCE % | 7.67% | 8.14% | 7.75% | 3.85% | 14.12% | 10.94% | 10.17% | 9.12% | 5.84% | 4.62% |
| 5.24% | 4.72% | 4.90% | 1.90% | 5.94% | 6.27% | 5.61% | 5.18% | 2.55% | 1.93% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 106 | 111 | 99 | 87 | 78 | 72 | 82 | 75 | 76 | 76 |
| Inventory Days | 44 | 44 | 51 | 59 | 55 | 62 | 74 | 67 | 78 | 79 |
| Payable Days | 118 | 105 | 96 | 99 | 108 | 102 | 94 | 80 | 92 | 86 |
| 32 | 51 | 54 | 48 | 26 | 33 | 61 | 62 | 62 | 68 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.13x | 0.15x | 0.11x | 0.06x | 0.06x | 0.09x | 0.15x | 0.15x | 0.18x | 0.17x |
| Interest Coverage (x) | 13.04x | 16.76x | 18.36x | 9.30x | 41.61x | 31.50x | 22.84x | 9.86x | 5.05x | 3.70x |
| 2.10x | 2.27x | 2.62x | 3.09x | 3.25x | 2.82x | 2.46x | 2.40x | 2.18x | 2.23x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 0.00% | 9.11% | 13.78% | -3.48% | 11.40% | 23.25% | 10.08% | 18.25% | 0.83% | 14.59% |
| Operating Profit Growth % | 0.00% | 7.00% | 3.13% | -9.86% | 71.51% | -9.88% | 4.80% | 4.24% | -15.10% | -0.21% |
| Net Profit Growth % | 0.00% | -5.68% | 7.09% | -61.44% | 237.11% | 18.13% | 2.23% | 3.12% | -47.38% | -19.27% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.12% | -47.38% | -59.64% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 11.93x | 14.70x | 25.70x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.82x | 1.14x | 0.76x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.29% | 2.00% | 1.74% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 11.78x | 9.54x | 7.04x |
Mar 2017
- EPS (₹)
- 171.30
- Book Value (₹)
- 2238.07
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 161.20
- Operating Margin %
- 13.16%
- Net Margin %
- 6.38%
- ROE %
- 7.66%
- ROCE %
- 7.67%
- 5.24%
- Debtor Days
- 106
- Inventory Days
- 44
- Payable Days
- 118
- 32
- Debt to Equity (x)
- 0.13x
- Interest Coverage (x)
- 13.04x
- 2.10x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 13.07
- Book Value (₹)
- 208.66
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 12.61
- Operating Margin %
- 13.14%
- Net Margin %
- 5.61%
- ROE %
- 6.71%
- ROCE %
- 8.14%
- 4.72%
- Debtor Days
- 111
- Inventory Days
- 44
- Payable Days
- 105
- 51
- Debt to Equity (x)
- 0.15x
- Interest Coverage (x)
- 16.76x
- 2.27x
- Revenue Growth %
- 9.11%
- Operating Profit Growth %
- 7.00%
- Net Profit Growth %
- -5.68%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 14.00
- Book Value (₹)
- 220.49
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 13.39
- Operating Margin %
- 11.97%
- Net Margin %
- 5.31%
- ROE %
- 6.53%
- ROCE %
- 7.75%
- 4.90%
- Debtor Days
- 99
- Inventory Days
- 51
- Payable Days
- 96
- 54
- Debt to Equity (x)
- 0.11x
- Interest Coverage (x)
- 18.36x
- 2.62x
- Revenue Growth %
- 13.78%
- Operating Profit Growth %
- 3.13%
- Net Profit Growth %
- 7.09%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 5.40
- Book Value (₹)
- 224.46
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 9.41
- Operating Margin %
- 11.18%
- Net Margin %
- 2.12%
- ROE %
- 2.43%
- ROCE %
- 3.85%
- 1.90%
- Debtor Days
- 87
- Inventory Days
- 59
- Payable Days
- 99
- 48
- Debt to Equity (x)
- 0.06x
- Interest Coverage (x)
- 9.30x
- 3.09x
- Revenue Growth %
- -3.48%
- Operating Profit Growth %
- -9.86%
- Net Profit Growth %
- -61.44%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 18.20
- Book Value (₹)
- 247.09
- Dividend per Share (₹)
- 10.00
- Cash EPS (₹)
- 15.84
- Operating Margin %
- 17.21%
- Net Margin %
- 6.42%
- ROE %
- 7.72%
- ROCE %
- 14.12%
- 5.94%
- Debtor Days
- 78
- Inventory Days
- 55
- Payable Days
- 108
- 26
- Debt to Equity (x)
- 0.06x
- Interest Coverage (x)
- 41.61x
- 3.25x
- Revenue Growth %
- 11.40%
- Operating Profit Growth %
- 71.51%
- Net Profit Growth %
- 237.11%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 21.50
- Book Value (₹)
- 259.17
- Dividend per Share (₹)
- 7.00
- Cash EPS (₹)
- 17.85
- Operating Margin %
- 12.58%
- Net Margin %
- 6.15%
- ROE %
- 8.49%
- ROCE %
- 10.94%
- 6.27%
- Debtor Days
- 72
- Inventory Days
- 62
- Payable Days
- 102
- 33
- Debt to Equity (x)
- 0.09x
- Interest Coverage (x)
- 31.50x
- 2.82x
- Revenue Growth %
- 23.25%
- Operating Profit Growth %
- -9.88%
- Net Profit Growth %
- 18.13%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 21.98
- Book Value (₹)
- 278.88
- Dividend per Share (₹)
- 7.00
- Cash EPS (₹)
- 18.70
- Operating Margin %
- 11.98%
- Net Margin %
- 5.71%
- ROE %
- 8.17%
- ROCE %
- 10.17%
- 5.61%
- Debtor Days
- 82
- Inventory Days
- 74
- Payable Days
- 94
- 61
- Debt to Equity (x)
- 0.15x
- Interest Coverage (x)
- 22.84x
- 2.46x
- Revenue Growth %
- 10.08%
- Operating Profit Growth %
- 4.80%
- Net Profit Growth %
- 2.23%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 22.66
- Book Value (₹)
- 297.47
- Dividend per Share (₹)
- 7.00
- Cash EPS (₹)
- 20.25
- Operating Margin %
- 9.42%
- Net Margin %
- 4.98%
- ROE %
- 7.86%
- ROCE %
- 9.12%
- 5.18%
- Debtor Days
- 75
- Inventory Days
- 67
- Payable Days
- 80
- 62
- Debt to Equity (x)
- 0.15x
- Interest Coverage (x)
- 9.86x
- 2.40x
- Revenue Growth %
- 18.25%
- Operating Profit Growth %
- 4.24%
- Net Profit Growth %
- 3.12%
- 3.12%
- P/E (x)
- 11.93x
- P/B (x)
- 1.82x
- Dividend Yield %
- 1.29%
- 11.78x
Mar 2025
- EPS (₹)
- 11.93
- Book Value (₹)
- 307.17
- Dividend per Share (₹)
- 7.00
- Cash EPS (₹)
- 16.05
- Operating Margin %
- 7.84%
- Net Margin %
- 2.60%
- ROE %
- 3.94%
- ROCE %
- 5.84%
- 2.55%
- Debtor Days
- 76
- Inventory Days
- 78
- Payable Days
- 92
- 62
- Debt to Equity (x)
- 0.18x
- Interest Coverage (x)
- 5.05x
- 2.18x
- Revenue Growth %
- 0.83%
- Operating Profit Growth %
- -15.10%
- Net Profit Growth %
- -47.38%
- -47.38%
- P/E (x)
- 14.70x
- P/B (x)
- 1.14x
- Dividend Yield %
- 2.00%
- 9.54x
Mar 2026
- EPS (₹)
- 4.81
- Book Value (₹)
- 163.00
- Dividend per Share (₹)
- 2.15
- Cash EPS (₹)
- 15.85
- Operating Margin %
- 7.23%
- Net Margin %
- 1.83%
- ROE %
- 3.04%
- ROCE %
- 4.62%
- 1.93%
- Debtor Days
- 76
- Inventory Days
- 79
- Payable Days
- 86
- 68
- Debt to Equity (x)
- 0.17x
- Interest Coverage (x)
- 3.70x
- 2.23x
- Revenue Growth %
- 14.59%
- Operating Profit Growth %
- -0.21%
- Net Profit Growth %
- -19.27%
- -59.64%
- P/E (x)
- 25.70x
- P/B (x)
- 0.76x
- Dividend Yield %
- 1.74%
- 7.04x
Documents
Announcements
- Credit Rating
2026-08-19 - IFGL Refractories Limited has informed the Exchange about Credit Rating
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-17 - IFGL Refractories Limited has informed the Exchange about Transcript
Annual Reports
Credit Ratings
- Credit Rating
2026-08-19 - IFGL Refractories Limited has informed the Exchange about Credit Rating
Concalls
Aug 2026
Jun 2026
Feb 2026