Refractory Shapes Ltd.
•₹ 27.354.59%
2026-08-21
PROS
- Company comfortably covers its interest (10.8x coverage)
- Company maintains a comfortable, low leverage position
CONS
- Receivables are growing faster than sales - a possible quality concern
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.22x)
- Working capital days have increased from 60 to 139 days
- Free cash flow has been persistently negative
- Though reporting repeated profits, the company pays out little dividend (0.0%)
* 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. | REFRACTORY | 26.10 | 11.88 | 56.90 | 0.00 | — | — | — | — | 16.60 | — |
| 7. | DALMIAREF | 112.50 | 5.17 | 35.46 | 0.89 | — | — | — | — | 5.89 | — |
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 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 38 | 41 | 59 | |
| 34 | 34 | 48 | |
| Operating Profit | 5 | 9 | 11 |
| OPM % | 12 | 22 | 19 |
| Other Income | 1 | 2 | 1 |
| Interest | 1 | 2 | 1 |
| Depreciation | 1 | 2 | 2 |
| 3 | 5 | 8 | |
| Tax % | 26 | 25 | 25 |
| Net Profit | 2 | 4 | 6 |
| EPS | 1,918 | 3 | 3 |
| Dividend Payout % | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 |
| Adjusted EPS | 1 | 3 | 3 |
| Minority Interest | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 |
| Adjusted EPS | 1 | 3 | 3 |
Mar 2023
- 38
- 34
- Operating Profit
- 5
- OPM %
- 12
- Other Income
- 1
- Interest
- 1
- Depreciation
- 1
- 3
- Tax %
- 26
- Net Profit
- 2
- EPS
- 1,918
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2024
- 41
- 34
- Operating Profit
- 9
- OPM %
- 22
- Other Income
- 2
- Interest
- 2
- Depreciation
- 2
- 5
- Tax %
- 25
- Net Profit
- 4
- EPS
- 3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2025
- 59
- 48
- Operating Profit
- 11
- OPM %
- 19
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- 8
- Tax %
- 25
- Net Profit
- 6
- EPS
- 3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -77%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 17%
- Last Year:
- 18%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| LIABILITIES | - | - | - |
| Equity Capital | 0 | 16 | 22 |
| 17 | 5 | 24 | |
| 9 | 12 | 7 | |
| Trade Payables | 11 | 6 | 5 |
| 13 | 13 | 12 | |
| Total Liabilities | 49 | 52 | 70 |
| ASSETS | - | - | - |
| 19 | 19 | 20 | |
| Capital Work in Progress | 0 | 0 | 6 |
| 6 | 6 | 7 | |
| 9 | 14 | 17 | |
| 0 | 7 | 13 | |
| Cash & Bank | 4 | 3 | 4 |
| 11 | 2 | 3 | |
| Total Assets | 49 | 52 | 70 |
| Total Debt | 20 | 24 | 17 |
| Net Working Capital | 3 | 7 | 22 |
| Contingent Liabilities | 0 | 0 | 0 |
| Book Value per Share | 16685.20 | 13.19 | 20.96 |
| Face Value | 100.00 | 10.00 | 10.00 |
| Total Debt | 20 | 24 | 17 |
| Net Working Capital | 3 | 7 | 22 |
| Contingent Liabilities | 0 | 0 | 0 |
| Book Value per Share | 16685.20 | 13.19 | 20.96 |
| Face Value | 100.00 | 10.00 | 10.00 |
Mar 2023
- Equity Capital
- 0
- 17
- 9
- Trade Payables
- 11
- 13
- Total Liabilities
- 49
- 19
- Capital Work in Progress
- 0
- 6
- 9
- 0
- Cash & Bank
- 4
- 11
- Total Assets
- 49
- Total Debt
- 20
- Net Working Capital
- 3
- Contingent Liabilities
- 0
- Book Value per Share
- 16685.20
- Face Value
- 100.00
- Total Debt
- 20
- Net Working Capital
- 3
- Contingent Liabilities
- 0
- Book Value per Share
- 16685.20
- Face Value
- 100.00
Mar 2024
- Equity Capital
- 16
- 5
- 12
- Trade Payables
- 6
- 13
- Total Liabilities
- 52
- 19
- Capital Work in Progress
- 0
- 6
- 14
- 7
- Cash & Bank
- 3
- 2
- Total Assets
- 52
- Total Debt
- 24
- Net Working Capital
- 7
- Contingent Liabilities
- 0
- Book Value per Share
- 13.19
- Face Value
- 10.00
- Total Debt
- 24
- Net Working Capital
- 7
- Contingent Liabilities
- 0
- Book Value per Share
- 13.19
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 22
- 24
- 7
- Trade Payables
- 5
- 12
- Total Liabilities
- 70
- 20
- Capital Work in Progress
- 6
- 7
- 17
- 13
- Cash & Bank
- 4
- 3
- Total Assets
- 70
- Total Debt
- 17
- Net Working Capital
- 22
- Contingent Liabilities
- 0
- Book Value per Share
- 20.96
- Face Value
- 10.00
- Total Debt
- 17
- Net Working Capital
- 22
- Contingent Liabilities
- 0
- Book Value per Share
- 20.96
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 4 | -3 | 1 | |
| Cash from Investing | -7 | -2 | -10 |
| Cash from Financing | 1 | 3 | 10 |
| -2 | -1 | 1 | |
| Free Cash Flow | 4 | -5 | -9 |
| OCF / Net Profit | 2.16 | -0.63 | 0.18 |
| Cumulative 5-Year FCF | 0 | 0 | 0 |
| OCF / Net Profit | 2.16 | -0.63 | 0.18 |
| Cumulative 5-Year FCF | 0 | 0 | 0 |
Mar 2023
- 4
- Cash from Investing
- -7
- Cash from Financing
- 1
- -2
- Free Cash Flow
- 4
- OCF / Net Profit
- 2.16
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.16
- Cumulative 5-Year FCF
- 0
Mar 2024
- -3
- Cash from Investing
- -2
- Cash from Financing
- 3
- -1
- Free Cash Flow
- -5
- OCF / Net Profit
- -0.63
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.63
- Cumulative 5-Year FCF
- 0
Mar 2025
- 1
- Cash from Investing
- -10
- Cash from Financing
- 10
- 1
- Free Cash Flow
- -9
- OCF / Net Profit
- 0.18
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.18
- Cumulative 5-Year FCF
- 0
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| PER SHARE | - | - | - |
| EPS (₹) | 1917.80 | 2.63 | 2.87 |
| Book Value (₹) | 16685.20 | 13.19 | 20.96 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 1.88 | 3.77 | 3.90 |
| PROFITABILITY | - | - | - |
| Operating Margin % | 12.47% | 15.71% | 17.53% |
| Net Margin % | 5.05% | 9.93% | 10.29% |
| ROE % | 11.49% | 21.45% | 18.18% |
| ROCE % | 9.93% | 16.97% | 16.60% |
| 3.90% | 7.98% | 9.95% | |
| EFFICIENCY | - | - | - |
| Debtor Days | 74 | 66 | 61 |
| Inventory Days | 82 | 101 | 95 |
| Payable Days | 235 | 186 | 81 |
| -79 | -20 | 75 | |
| FINANCIAL HEALTH | - | - | - |
| Debt to Equity (x) | 1.22x | 1.13x | 0.37x |
| Interest Coverage (x) | 3.39x | 4.42x | 10.82x |
| 1.13x | 1.34x | 2.63x | |
| GROWTH | - | - | - |
| Revenue Growth % | 0.00% | 6.80% | 44.93% |
| Operating Profit Growth % | 0.00% | 86.79% | 28.34% |
| Net Profit Growth % | 0.00% | 109.87% | 50.30% |
| 0.00% | -99.86% | 9.01% | |
| VALUATION | - | - | - |
| P/E (x) | 0.00x | 0.00x | 22.74x |
| P/B (x) | 0.00x | 0.00x | 3.11x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% |
| 0.00x | 4.08x | 13.68x |
Mar 2023
- EPS (₹)
- 1917.80
- Book Value (₹)
- 16685.20
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.88
- Operating Margin %
- 12.47%
- Net Margin %
- 5.05%
- ROE %
- 11.49%
- ROCE %
- 9.93%
- 3.90%
- Debtor Days
- 74
- Inventory Days
- 82
- Payable Days
- 235
- -79
- Debt to Equity (x)
- 1.22x
- Interest Coverage (x)
- 3.39x
- 1.13x
- 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 2024
- EPS (₹)
- 2.63
- Book Value (₹)
- 13.19
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.77
- Operating Margin %
- 15.71%
- Net Margin %
- 9.93%
- ROE %
- 21.45%
- ROCE %
- 16.97%
- 7.98%
- Debtor Days
- 66
- Inventory Days
- 101
- Payable Days
- 186
- -20
- Debt to Equity (x)
- 1.13x
- Interest Coverage (x)
- 4.42x
- 1.34x
- Revenue Growth %
- 6.80%
- Operating Profit Growth %
- 86.79%
- Net Profit Growth %
- 109.87%
- -99.86%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 4.08x
Mar 2025
- EPS (₹)
- 2.87
- Book Value (₹)
- 20.96
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.90
- Operating Margin %
- 17.53%
- Net Margin %
- 10.29%
- ROE %
- 18.18%
- ROCE %
- 16.60%
- 9.95%
- Debtor Days
- 61
- Inventory Days
- 95
- Payable Days
- 81
- 75
- Debt to Equity (x)
- 0.37x
- Interest Coverage (x)
- 10.82x
- 2.63x
- Revenue Growth %
- 44.93%
- Operating Profit Growth %
- 28.34%
- Net Profit Growth %
- 50.30%
- 9.01%
- P/E (x)
- 22.74x
- P/B (x)
- 3.11x
- Dividend Yield %
- 0.00%
- 13.68x
Documents
Announcements
Nothing filed yet.
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Nothing filed yet.