IFGL Refractories Ltd.
•₹ 211.77-1.92%
2026-08-21
PROS
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.19x)
- Company has been maintaining a healthy dividend payout of 39.9%
- Company generates healthy free cash flow
- Company has a consistent dividend-paying track record
- Company maintains a comfortable, low leverage position
CONS
- Recent results are weak - TTM profit is down 27.3% versus prior year
- Company has a low return on capital employed of 9.9%
- Company has a low return on equity of 8.1% over last 3 years
- Company has delivered a poor profit growth of -2.8% over past five years
- Operating margins have contracted to 10.8% from 16.2%
- Valuation is stretched - P/E of 23.0 is well above its own 5-year median (15.0)
* 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
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 227 | 260 | 197 | 209 | 242 | 254 | 233 | 270 | 275 | 287 | 271 | 276 | 2,966 | |
| 184 | 206 | 210 | 178 | 204 | 224 | 213 | 233 | 241 | 251 | 255 | 245 | 2,777 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 3 | 4 | 3 | 6 | 7 | 4 | 2 | 3 | 3 | 2 | 2 | 1 | 21 |
| Interest | 2 | 2 | 3 | 3 | 2 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 22 |
| Depreciation | 12 | 11 | 11 | 13 | 13 | 13 | 13 | 15 | 14 | 15 | 15 | 15 | 81 |
| 33 | 44 | -24 | 22 | 29 | 17 | 6 | 22 | 20 | 20 | -5 | 14 | 210 | |
| Tax % | 31.14% | 31.14% | 87.26% | 29.21% | 25.19% | 20.54% | 15.06% | 23.24% | 24.53% | 25.59% | 25.05% | 11.23% | 24.93% |
| Net Profit | 23 | 30 | -3 | 16 | 22 | 14 | 5 | 17 | 15 | 15 | -4 | 13 | 158 |
| 6 | 8 | -1 | 4 | 3 | 2 | 1 | 2 | 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
- 227
- 184
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 2
- Depreciation
- 12
- 33
- Tax %
- 31.14%
- Net Profit
- 23
- 6
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 260
- 206
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 2
- Depreciation
- 11
- 44
- Tax %
- 31.14%
- Net Profit
- 30
- 8
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 197
- 210
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 3
- Depreciation
- 11
- -24
- Tax %
- 87.26%
- Net Profit
- -3
- -1
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 209
- 178
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 3
- Depreciation
- 13
- 22
- Tax %
- 29.21%
- Net Profit
- 16
- 4
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 242
- 204
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 2
- Depreciation
- 13
- 29
- Tax %
- 25.19%
- Net Profit
- 22
- 3
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 254
- 224
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 3
- Depreciation
- 13
- 17
- Tax %
- 20.54%
- Net Profit
- 14
- 2
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 233
- 213
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 3
- Depreciation
- 13
- 6
- Tax %
- 15.06%
- Net Profit
- 5
- 1
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 270
- 233
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 3
- Depreciation
- 15
- 22
- Tax %
- 23.24%
- Net Profit
- 17
- 2
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 275
- 241
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 4
- Depreciation
- 14
- 20
- Tax %
- 24.53%
- Net Profit
- 15
- 2
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 287
- 251
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 3
- Depreciation
- 15
- 20
- Tax %
- 25.59%
- Net Profit
- 15
- 2
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 271
- 255
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 3
- Depreciation
- 15
- -5
- Tax %
- 25.05%
- Net Profit
- -4
- -0
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 276
- 245
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 3
- Depreciation
- 15
- 14
- Tax %
- 11.23%
- Net Profit
- 13
- 2
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 2,966
- 2,777
- Operating Profit
- —
- OPM %
- —
- Other Income
- 21
- Interest
- 22
- Depreciation
- 81
- 210
- Tax %
- 24.93%
- Net Profit
- 158
- 2
- Equity Capital
- 721
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 721
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 372 | 443 | 489 | 499 | 649 | 787 | 833 | 893 | 998 | 1,109 | 1,131 | |
| 321 | 380 | 417 | 427 | 511 | 669 | 711 | 777 | 873 | 990 | 1,028 | |
| Operating Profit | 54 | 77 | 76 | 79 | 144 | 133 | 135 | 132 | 141 | 126 | — |
| OPM % | 15 | 17 | 16 | 16 | 22 | 17 | 16 | 15 | 14 | 11 | — |
| Other Income | 3 | 13 | 4 | 8 | 7 | 14 | 13 | 17 | 16 | 7 | 6 |
| Interest | 4 | 5 | 5 | 4 | 4 | 4 | 6 | 11 | 13 | 13 | 11 |
| Depreciation | 37 | 38 | 39 | 39 | 39 | 41 | 44 | 47 | 54 | 59 | 52 |
| 13 | 34 | 33 | 36 | 101 | 87 | 85 | 74 | 75 | 49 | 51 | |
| Tax % | -45 | 33 | 20 | 17 | 56 | 27 | 28 | 12 | 23 | 21 | 21 |
| Net Profit | 18 | 23 | 26 | 30 | 45 | 63 | 61 | 65 | 58 | 39 | 40 |
| EPS | 0 | 0 | 0 | 0 | 18 | 18 | 17 | 18 | 16 | 5 | — |
| Dividend Payout % | 3 | 32 | 35 | 30 | 80 | 40 | 41 | 39 | 44 | 40 | — |
| 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 | 31 | 3 | 4 | 4 | 6 | 9 | 8 | 9 | 8 | 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 | 31 | 3 | 4 | 4 | 6 | 9 | 8 | 9 | 8 | 5 | — |
Mar 2017
- 372
- 321
- Operating Profit
- 54
- OPM %
- 15
- Other Income
- 3
- Interest
- 4
- Depreciation
- 37
- 13
- Tax %
- -45
- Net Profit
- 18
- EPS
- 0
- Dividend Payout %
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 31
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 31
Mar 2018
- 443
- 380
- Operating Profit
- 77
- OPM %
- 17
- Other Income
- 13
- Interest
- 5
- Depreciation
- 38
- 34
- Tax %
- 33
- Net Profit
- 23
- EPS
- 0
- Dividend Payout %
- 32
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2019
- 489
- 417
- Operating Profit
- 76
- OPM %
- 16
- Other Income
- 4
- Interest
- 5
- Depreciation
- 39
- 33
- Tax %
- 20
- Net Profit
- 26
- EPS
- 0
- Dividend Payout %
- 35
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2020
- 499
- 427
- Operating Profit
- 79
- OPM %
- 16
- Other Income
- 8
- Interest
- 4
- Depreciation
- 39
- 36
- Tax %
- 17
- Net Profit
- 30
- EPS
- 0
- Dividend Payout %
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2021
- 649
- 511
- Operating Profit
- 144
- OPM %
- 22
- Other Income
- 7
- Interest
- 4
- Depreciation
- 39
- 101
- Tax %
- 56
- Net Profit
- 45
- EPS
- 18
- Dividend Payout %
- 80
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2022
- 787
- 669
- Operating Profit
- 133
- OPM %
- 17
- Other Income
- 14
- Interest
- 4
- Depreciation
- 41
- 87
- Tax %
- 27
- Net Profit
- 63
- EPS
- 18
- Dividend Payout %
- 40
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2023
- 833
- 711
- Operating Profit
- 135
- OPM %
- 16
- Other Income
- 13
- Interest
- 6
- Depreciation
- 44
- 85
- Tax %
- 28
- Net Profit
- 61
- EPS
- 17
- Dividend Payout %
- 41
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2024
- 893
- 777
- Operating Profit
- 132
- OPM %
- 15
- Other Income
- 17
- Interest
- 11
- Depreciation
- 47
- 74
- Tax %
- 12
- Net Profit
- 65
- EPS
- 18
- Dividend Payout %
- 39
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2025
- 998
- 873
- Operating Profit
- 141
- OPM %
- 14
- Other Income
- 16
- Interest
- 13
- Depreciation
- 54
- 75
- Tax %
- 23
- Net Profit
- 58
- EPS
- 16
- Dividend Payout %
- 44
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2026
- 1,109
- 990
- Operating Profit
- 126
- OPM %
- 11
- Other Income
- 7
- Interest
- 13
- Depreciation
- 59
- 49
- Tax %
- 21
- Net Profit
- 39
- EPS
- 5
- Dividend Payout %
- 40
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
TTM
- 1,131
- 1,028
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 11
- Depreciation
- 52
- 51
- Tax %
- 21
- Net Profit
- 40
- 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:
- 37%
- 5 Years:
- 11%
- 3 Years:
- 10%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 19%
- 5 Years:
- -3%
- 3 Years:
- -14%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 5%
- 3 Years:
- 0%
- 1 Year:
- -20%
RETURN ON EQUITY
- 10 Years:
- 8%
- 5 Years:
- 9%
- 3 Years:
- 8%
- Last Year:
- 6%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 439 | 453 | 470 | 478 | 523 | 550 | 586 | 626 | 658 | 636 | |
| 61 | 86 | 65 | 32 | 36 | 75 | 64 | 46 | 97 | 95 | |
| Trade Payables | 58 | 69 | 61 | 62 | 85 | 109 | 79 | 95 | 144 | 130 |
| 92 | 43 | 3 | 23 | 71 | 63 | 221 | 237 | 241 | 237 | |
| Total Liabilities | 654 | 686 | 636 | 631 | 752 | 833 | 987 | 1,041 | 1,176 | 1,170 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 304 | 277 | 261 | 257 | 227 | 234 | 249 | 256 | 313 | 300 | |
| Capital Work in Progress | 1 | 3 | 6 | 4 | 18 | 15 | 30 | 77 | 7 | 12 |
| 69 | 69 | 102 | 150 | 184 | 191 | 189 | 183 | 164 | 126 | |
| 44 | 50 | 87 | 74 | 101 | 170 | 172 | 172 | 267 | 259 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 190 | 224 | 267 | |
| Cash & Bank | 3 | 7 | 9 | 9 | 43 | 9 | 1 | 2 | 4 | 2 |
| 233 | 280 | 171 | 138 | 179 | 215 | 345 | 161 | 197 | 205 | |
| Total Assets | 654 | 686 | 636 | 631 | 752 | 833 | 987 | 1,041 | 1,176 | 1,170 |
| Total Debt | 71 | 90 | 67 | 32 | 36 | 75 | 105 | 108 | 142 | 128 |
| Net Working Capital | 88 | 126 | 155 | 194 | 285 | 293 | 330 | 309 | 331 | 355 |
| Contingent Liabilities | 1 | 3 | 4 | 6 | 6 | 7 | 13 | 11 | 12 | 12 |
| Book Value per Share | 1515.02 | 135.72 | 140.41 | 142.62 | 155.14 | 162.69 | 172.67 | 183.68 | 192.55 | 98.23 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 71 | 90 | 67 | 32 | 36 | 75 | 105 | 108 | 142 | 128 |
| Net Working Capital | 88 | 126 | 155 | 194 | 285 | 293 | 330 | 309 | 331 | 355 |
| Contingent Liabilities | 1 | 3 | 4 | 6 | 6 | 7 | 13 | 11 | 12 | 12 |
| Book Value per Share | 1515.02 | 135.72 | 140.41 | 142.62 | 155.14 | 162.69 | 172.67 | 183.68 | 192.55 | 98.23 |
| 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
- 439
- 61
- Trade Payables
- 58
- 92
- Total Liabilities
- 654
- 304
- Capital Work in Progress
- 1
- 69
- 44
- 0
- Cash & Bank
- 3
- 233
- Total Assets
- 654
- Total Debt
- 71
- Net Working Capital
- 88
- Contingent Liabilities
- 1
- Book Value per Share
- 1515.02
- Face Value
- 10.00
- Total Debt
- 71
- Net Working Capital
- 88
- Contingent Liabilities
- 1
- Book Value per Share
- 1515.02
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 36
- 453
- 86
- Trade Payables
- 69
- 43
- Total Liabilities
- 686
- 277
- Capital Work in Progress
- 3
- 69
- 50
- 0
- Cash & Bank
- 7
- 280
- Total Assets
- 686
- Total Debt
- 90
- Net Working Capital
- 126
- Contingent Liabilities
- 3
- Book Value per Share
- 135.72
- Face Value
- 10.00
- Total Debt
- 90
- Net Working Capital
- 126
- Contingent Liabilities
- 3
- Book Value per Share
- 135.72
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 36
- 470
- 65
- Trade Payables
- 61
- 3
- Total Liabilities
- 636
- 261
- Capital Work in Progress
- 6
- 102
- 87
- 0
- Cash & Bank
- 9
- 171
- Total Assets
- 636
- Total Debt
- 67
- Net Working Capital
- 155
- Contingent Liabilities
- 4
- Book Value per Share
- 140.41
- Face Value
- 10.00
- Total Debt
- 67
- Net Working Capital
- 155
- Contingent Liabilities
- 4
- Book Value per Share
- 140.41
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 36
- 478
- 32
- Trade Payables
- 62
- 23
- Total Liabilities
- 631
- 257
- Capital Work in Progress
- 4
- 150
- 74
- 0
- Cash & Bank
- 9
- 138
- Total Assets
- 631
- Total Debt
- 32
- Net Working Capital
- 194
- Contingent Liabilities
- 6
- Book Value per Share
- 142.62
- Face Value
- 10.00
- Total Debt
- 32
- Net Working Capital
- 194
- Contingent Liabilities
- 6
- Book Value per Share
- 142.62
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 36
- 523
- 36
- Trade Payables
- 85
- 71
- Total Liabilities
- 752
- 227
- Capital Work in Progress
- 18
- 184
- 101
- 0
- Cash & Bank
- 43
- 179
- Total Assets
- 752
- Total Debt
- 36
- Net Working Capital
- 285
- Contingent Liabilities
- 6
- Book Value per Share
- 155.14
- Face Value
- 10.00
- Total Debt
- 36
- Net Working Capital
- 285
- Contingent Liabilities
- 6
- Book Value per Share
- 155.14
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 36
- 550
- 75
- Trade Payables
- 109
- 63
- Total Liabilities
- 833
- 234
- Capital Work in Progress
- 15
- 191
- 170
- 0
- Cash & Bank
- 9
- 215
- Total Assets
- 833
- Total Debt
- 75
- Net Working Capital
- 293
- Contingent Liabilities
- 7
- Book Value per Share
- 162.69
- Face Value
- 10.00
- Total Debt
- 75
- Net Working Capital
- 293
- Contingent Liabilities
- 7
- Book Value per Share
- 162.69
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 36
- 586
- 64
- Trade Payables
- 79
- 221
- Total Liabilities
- 987
- 249
- Capital Work in Progress
- 30
- 189
- 172
- 0
- Cash & Bank
- 1
- 345
- Total Assets
- 987
- Total Debt
- 105
- Net Working Capital
- 330
- Contingent Liabilities
- 13
- Book Value per Share
- 172.67
- Face Value
- 10.00
- Total Debt
- 105
- Net Working Capital
- 330
- Contingent Liabilities
- 13
- Book Value per Share
- 172.67
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 36
- 626
- 46
- Trade Payables
- 95
- 237
- Total Liabilities
- 1,041
- 256
- Capital Work in Progress
- 77
- 183
- 172
- 190
- Cash & Bank
- 2
- 161
- Total Assets
- 1,041
- Total Debt
- 108
- Net Working Capital
- 309
- Contingent Liabilities
- 11
- Book Value per Share
- 183.68
- Face Value
- 10.00
- Total Debt
- 108
- Net Working Capital
- 309
- Contingent Liabilities
- 11
- Book Value per Share
- 183.68
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 36
- 658
- 97
- Trade Payables
- 144
- 241
- Total Liabilities
- 1,176
- 313
- Capital Work in Progress
- 7
- 164
- 267
- 224
- Cash & Bank
- 4
- 197
- Total Assets
- 1,176
- Total Debt
- 142
- Net Working Capital
- 331
- Contingent Liabilities
- 12
- Book Value per Share
- 192.55
- Face Value
- 10.00
- Total Debt
- 142
- Net Working Capital
- 331
- Contingent Liabilities
- 12
- Book Value per Share
- 192.55
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 72
- 636
- 95
- Trade Payables
- 130
- 237
- Total Liabilities
- 1,170
- 300
- Capital Work in Progress
- 12
- 126
- 259
- 267
- Cash & Bank
- 2
- 205
- Total Assets
- 1,170
- Total Debt
- 128
- Net Working Capital
- 355
- Contingent Liabilities
- 12
- Book Value per Share
- 98.23
- Face Value
- 10.00
- Total Debt
- 128
- Net Working Capital
- 355
- Contingent Liabilities
- 12
- Book Value per Share
- 98.23
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -7 | 10 | 91 | 119 | 91 | 10 | 63 | 117 | 24 | 51 | |
| Cash from Investing | -12 | -19 | -56 | -50 | -101 | -8 | -59 | -85 | -20 | 3 |
| Cash from Financing | 3 | 9 | -35 | -62 | 3 | -2 | -4 | -31 | -4 | -54 |
| -16 | 0 | -1 | 7 | -8 | -0 | -0 | 0 | 0 | 0 | |
| Free Cash Flow | -387 | 3 | 75 | 90 | 72 | -29 | -5 | 20 | -21 | 4 |
| OCF / Net Profit | -0.37 | 0.43 | 3.49 | 4.00 | 2.03 | 0.16 | 1.04 | 1.79 | 0.42 | 1.32 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -147 | 211 | 203 | 147 | 37 | -31 |
| OCF / Net Profit | -0.37 | 0.43 | 3.49 | 4.00 | 2.03 | 0.16 | 1.04 | 1.79 | 0.42 | 1.32 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -147 | 211 | 203 | 147 | 37 | -31 |
Mar 2017
- -7
- Cash from Investing
- -12
- Cash from Financing
- 3
- -16
- Free Cash Flow
- -387
- OCF / Net Profit
- -0.37
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.37
- Cumulative 5-Year FCF
- 0
Mar 2018
- 10
- Cash from Investing
- -19
- Cash from Financing
- 9
- 0
- Free Cash Flow
- 3
- OCF / Net Profit
- 0.43
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.43
- Cumulative 5-Year FCF
- 0
Mar 2019
- 91
- Cash from Investing
- -56
- Cash from Financing
- -35
- -1
- Free Cash Flow
- 75
- OCF / Net Profit
- 3.49
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.49
- Cumulative 5-Year FCF
- 0
Mar 2020
- 119
- Cash from Investing
- -50
- Cash from Financing
- -62
- 7
- Free Cash Flow
- 90
- OCF / Net Profit
- 4.00
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 4.00
- Cumulative 5-Year FCF
- 0
Mar 2021
- 91
- Cash from Investing
- -101
- Cash from Financing
- 3
- -8
- Free Cash Flow
- 72
- OCF / Net Profit
- 2.03
- Cumulative 5-Year FCF
- -147
- OCF / Net Profit
- 2.03
- Cumulative 5-Year FCF
- -147
Mar 2022
- 10
- Cash from Investing
- -8
- Cash from Financing
- -2
- -0
- Free Cash Flow
- -29
- OCF / Net Profit
- 0.16
- Cumulative 5-Year FCF
- 211
- OCF / Net Profit
- 0.16
- Cumulative 5-Year FCF
- 211
Mar 2023
- 63
- Cash from Investing
- -59
- Cash from Financing
- -4
- -0
- Free Cash Flow
- -5
- OCF / Net Profit
- 1.04
- Cumulative 5-Year FCF
- 203
- OCF / Net Profit
- 1.04
- Cumulative 5-Year FCF
- 203
Mar 2024
- 117
- Cash from Investing
- -85
- Cash from Financing
- -31
- 0
- Free Cash Flow
- 20
- OCF / Net Profit
- 1.79
- Cumulative 5-Year FCF
- 147
- OCF / Net Profit
- 1.79
- Cumulative 5-Year FCF
- 147
Mar 2025
- 24
- Cash from Investing
- -20
- Cash from Financing
- -4
- 0
- Free Cash Flow
- -21
- OCF / Net Profit
- 0.42
- Cumulative 5-Year FCF
- 37
- OCF / Net Profit
- 0.42
- Cumulative 5-Year FCF
- 37
Mar 2026
- 51
- Cash from Investing
- 3
- Cash from Financing
- -54
- 0
- Free Cash Flow
- 4
- OCF / Net Profit
- 1.32
- Cumulative 5-Year FCF
- -31
- OCF / Net Profit
- 1.32
- Cumulative 5-Year FCF
- -31
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 62.29 | 6.27 | 7.20 | 8.25 | 12.44 | 17.54 | 16.97 | 18.07 | 15.98 | 5.39 |
| Book Value (₹) | 1515.02 | 135.72 | 140.41 | 142.62 | 155.14 | 162.69 | 172.67 | 183.68 | 192.55 | 98.23 |
| 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 (₹) | 94.61 | 8.40 | 8.99 | 9.59 | 11.67 | 14.48 | 14.63 | 15.58 | 15.49 | 13.52 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 13.88% | 17.11% | 15.59% | 15.90% | 22.25% | 16.84% | 16.22% | 12.97% | 12.53% | 10.75% |
| Net Margin % | 4.66% | 5.05% | 5.31% | 5.96% | 6.91% | 8.03% | 7.34% | 7.29% | 5.77% | 3.50% |
| ROE % | 7.76% | 4.85% | 5.22% | 5.83% | 8.36% | 11.04% | 10.12% | 10.14% | 8.50% | 5.54% |
| ROCE % | 5.73% | 6.85% | 6.48% | 7.14% | 18.43% | 14.56% | 13.09% | 11.38% | 10.85% | 7.48% |
| 5.09% | 3.37% | 3.93% | 4.69% | 6.48% | 7.98% | 6.72% | 6.42% | 5.20% | 3.31% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 81 | 148 | 130 | 97 | 79 | 78 | 83 | 80 | 76 | 81 |
| Inventory Days | 23 | 39 | 51 | 59 | 49 | 63 | 75 | 70 | 80 | 86 |
| Payable Days | 66 | 101 | 95 | 88 | 89 | 89 | 74 | 69 | 84 | 81 |
| 38 | 85 | 86 | 68 | 40 | 51 | 84 | 81 | 72 | 86 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.16x | 0.18x | 0.13x | 0.06x | 0.06x | 0.13x | 0.17x | 0.16x | 0.21x | 0.18x |
| Interest Coverage (x) | 3.80x | 8.34x | 7.81x | 9.60x | 27.34x | 21.40x | 16.22x | 7.77x | 6.93x | 4.67x |
| 1.67x | 1.78x | 2.15x | 2.71x | 2.92x | 2.45x | 2.51x | 2.24x | 2.05x | 2.18x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 699.24% | 19.21% | 10.30% | 1.98% | 30.18% | 21.30% | 5.85% | 7.16% | 11.71% | 11.20% |
| Operating Profit Growth % | 371.34% | 41.54% | -0.42% | 4.06% | 82.15% | -8.18% | 1.93% | -2.05% | 6.65% | -10.48% |
| Net Profit Growth % | 177.19% | 24.31% | 14.99% | 14.52% | 50.78% | 41.02% | -3.24% | 6.44% | -11.53% | -32.57% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 6.44% | -11.53% | -66.28% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 14.96x | 10.97x | 22.95x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.94x | 1.82x | 1.26x |
| 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 | 15.52x | 9.93x | 8.05x |
Mar 2017
- EPS (₹)
- 62.29
- Book Value (₹)
- 1515.02
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 94.61
- Operating Margin %
- 13.88%
- Net Margin %
- 4.66%
- ROE %
- 7.76%
- ROCE %
- 5.73%
- 5.09%
- Debtor Days
- 81
- Inventory Days
- 23
- Payable Days
- 66
- 38
- Debt to Equity (x)
- 0.16x
- Interest Coverage (x)
- 3.80x
- 1.67x
- Revenue Growth %
- 699.24%
- Operating Profit Growth %
- 371.34%
- Net Profit Growth %
- 177.19%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 6.27
- Book Value (₹)
- 135.72
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 8.40
- Operating Margin %
- 17.11%
- Net Margin %
- 5.05%
- ROE %
- 4.85%
- ROCE %
- 6.85%
- 3.37%
- Debtor Days
- 148
- Inventory Days
- 39
- Payable Days
- 101
- 85
- Debt to Equity (x)
- 0.18x
- Interest Coverage (x)
- 8.34x
- 1.78x
- Revenue Growth %
- 19.21%
- Operating Profit Growth %
- 41.54%
- Net Profit Growth %
- 24.31%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 7.20
- Book Value (₹)
- 140.41
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 8.99
- Operating Margin %
- 15.59%
- Net Margin %
- 5.31%
- ROE %
- 5.22%
- ROCE %
- 6.48%
- 3.93%
- Debtor Days
- 130
- Inventory Days
- 51
- Payable Days
- 95
- 86
- Debt to Equity (x)
- 0.13x
- Interest Coverage (x)
- 7.81x
- 2.15x
- Revenue Growth %
- 10.30%
- Operating Profit Growth %
- -0.42%
- Net Profit Growth %
- 14.99%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 8.25
- Book Value (₹)
- 142.62
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 9.59
- Operating Margin %
- 15.90%
- Net Margin %
- 5.96%
- ROE %
- 5.83%
- ROCE %
- 7.14%
- 4.69%
- Debtor Days
- 97
- Inventory Days
- 59
- Payable Days
- 88
- 68
- Debt to Equity (x)
- 0.06x
- Interest Coverage (x)
- 9.60x
- 2.71x
- Revenue Growth %
- 1.98%
- Operating Profit Growth %
- 4.06%
- Net Profit Growth %
- 14.52%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 12.44
- Book Value (₹)
- 155.14
- Dividend per Share (₹)
- 10.00
- Cash EPS (₹)
- 11.67
- Operating Margin %
- 22.25%
- Net Margin %
- 6.91%
- ROE %
- 8.36%
- ROCE %
- 18.43%
- 6.48%
- Debtor Days
- 79
- Inventory Days
- 49
- Payable Days
- 89
- 40
- Debt to Equity (x)
- 0.06x
- Interest Coverage (x)
- 27.34x
- 2.92x
- Revenue Growth %
- 30.18%
- Operating Profit Growth %
- 82.15%
- Net Profit Growth %
- 50.78%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 17.54
- Book Value (₹)
- 162.69
- Dividend per Share (₹)
- 7.00
- Cash EPS (₹)
- 14.48
- Operating Margin %
- 16.84%
- Net Margin %
- 8.03%
- ROE %
- 11.04%
- ROCE %
- 14.56%
- 7.98%
- Debtor Days
- 78
- Inventory Days
- 63
- Payable Days
- 89
- 51
- Debt to Equity (x)
- 0.13x
- Interest Coverage (x)
- 21.40x
- 2.45x
- Revenue Growth %
- 21.30%
- Operating Profit Growth %
- -8.18%
- Net Profit Growth %
- 41.02%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 16.97
- Book Value (₹)
- 172.67
- Dividend per Share (₹)
- 7.00
- Cash EPS (₹)
- 14.63
- Operating Margin %
- 16.22%
- Net Margin %
- 7.34%
- ROE %
- 10.12%
- ROCE %
- 13.09%
- 6.72%
- Debtor Days
- 83
- Inventory Days
- 75
- Payable Days
- 74
- 84
- Debt to Equity (x)
- 0.17x
- Interest Coverage (x)
- 16.22x
- 2.51x
- Revenue Growth %
- 5.85%
- Operating Profit Growth %
- 1.93%
- Net Profit Growth %
- -3.24%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 18.07
- Book Value (₹)
- 183.68
- Dividend per Share (₹)
- 7.00
- Cash EPS (₹)
- 15.58
- Operating Margin %
- 12.97%
- Net Margin %
- 7.29%
- ROE %
- 10.14%
- ROCE %
- 11.38%
- 6.42%
- Debtor Days
- 80
- Inventory Days
- 70
- Payable Days
- 69
- 81
- Debt to Equity (x)
- 0.16x
- Interest Coverage (x)
- 7.77x
- 2.24x
- Revenue Growth %
- 7.16%
- Operating Profit Growth %
- -2.05%
- Net Profit Growth %
- 6.44%
- 6.44%
- P/E (x)
- 14.96x
- P/B (x)
- 2.94x
- Dividend Yield %
- 1.29%
- 15.52x
Mar 2025
- EPS (₹)
- 15.98
- Book Value (₹)
- 192.55
- Dividend per Share (₹)
- 7.00
- Cash EPS (₹)
- 15.49
- Operating Margin %
- 12.53%
- Net Margin %
- 5.77%
- ROE %
- 8.50%
- ROCE %
- 10.85%
- 5.20%
- Debtor Days
- 76
- Inventory Days
- 80
- Payable Days
- 84
- 72
- Debt to Equity (x)
- 0.21x
- Interest Coverage (x)
- 6.93x
- 2.05x
- Revenue Growth %
- 11.71%
- Operating Profit Growth %
- 6.65%
- Net Profit Growth %
- -11.53%
- -11.53%
- P/E (x)
- 10.97x
- P/B (x)
- 1.82x
- Dividend Yield %
- 2.00%
- 9.93x
Mar 2026
- EPS (₹)
- 5.39
- Book Value (₹)
- 98.23
- Dividend per Share (₹)
- 2.15
- Cash EPS (₹)
- 13.52
- Operating Margin %
- 10.75%
- Net Margin %
- 3.50%
- ROE %
- 5.54%
- ROCE %
- 7.48%
- 3.31%
- Debtor Days
- 81
- Inventory Days
- 86
- Payable Days
- 81
- 86
- Debt to Equity (x)
- 0.18x
- Interest Coverage (x)
- 4.67x
- 2.18x
- Revenue Growth %
- 11.20%
- Operating Profit Growth %
- -10.48%
- Net Profit Growth %
- -32.57%
- -66.28%
- P/E (x)
- 22.95x
- P/B (x)
- 1.26x
- Dividend Yield %
- 1.74%
- 8.05x
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