SP Refractories Ltd.

102.50%

2026-08-21

sprefractories.comBSE: -NSE: SPRL
Market Cap₹ 18 Cr.
Current Price₹ 102
High / Low₹ 199 / 74
Stock P/E0.0
Book Value₹ 70
Price to Book1.71
Dividend Yield0.00 %
ROCE19.5 %
ROE18.1 %
Face Value₹ 10

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ABOUT

KEY POINTS

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

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.VESUVIUS433.000.008788.200.3558.51-7.13536.172.4123.1516.16
2.RHIM375.000.007743.800.6764.6183.191013.975.597.2413.58
3.RPEL1636.15119.847513.520.0619.5767.6086.9148.7231.2629.62
4.IFGLEXPOR221.0538.911593.300.97170.601478.175123.701028.544.627.22
5.ORIENTCER42.8419.62512.530.828.5799.19100.652.236.1816.11
6.DALMIAREF112.505.1735.460.895.89
7.SPRL102.000.0018.250.0019.49
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

No standalone quarterly results found

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

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019
19
18
Operating Profit
1
OPM %
5
Other Income
0
Interest
0
Depreciation
0
0
Tax %
27
Net Profit
0
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Mar 2020
21
20
Operating Profit
1
OPM %
6
Other Income
0
Interest
0
Depreciation
0
1
Tax %
28
Net Profit
0
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Mar 2021
26
24
Operating Profit
1
OPM %
6
Other Income
0
Interest
0
Depreciation
0
1
Tax %
28
Net Profit
1
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
5
Minority Interest
0
Share of Associates
0
Adjusted EPS
5
Mar 2022
32
30
Operating Profit
2
OPM %
6
Other Income
0
Interest
0
Depreciation
0
1
Tax %
28
Net Profit
1
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
6
Minority Interest
0
Share of Associates
0
Adjusted EPS
6
Mar 2023
27
26
Operating Profit
1
OPM %
5
Other Income
0
Interest
0
Depreciation
0
1
Tax %
26
Net Profit
1
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 2024
29
26
Operating Profit
3
OPM %
10
Other Income
0
Interest
0
Depreciation
0
2
Tax %
28
Net Profit
2
EPS
9
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
9
Minority Interest
0
Share of Associates
0
Adjusted EPS
9
Mar 2025
30
27
Operating Profit
4
OPM %
12
Other Income
0
Interest
0
Depreciation
0
3
Tax %
25
Net Profit
2
EPS
12
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
12
Minority Interest
0
Share of Associates
0
Adjusted EPS
12

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:
2%
1 Year:
-30%

RETURN ON EQUITY

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

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

2026

Aug 19

₹ 0.10

Mar 2019
Equity Capital
0
3
3
Trade Payables
0
1
Total Liabilities
8
2
Capital Work in Progress
0
1
0
Cash & Bank
0
5
Total Assets
8
Total Debt
4
Net Working Capital
1
Contingent Liabilities
0
Book Value per Share
70.74
Face Value
10.00
Total Debt
4
Net Working Capital
1
Contingent Liabilities
0
Book Value per Share
70.74
Face Value
10.00
Mar 2020
Equity Capital
0
3
4
Trade Payables
0
1
Total Liabilities
9
2
Capital Work in Progress
0
1
0
Cash & Bank
0
6
Total Assets
9
Total Debt
4
Net Working Capital
1
Contingent Liabilities
0
Book Value per Share
78.77
Face Value
10.00
Total Debt
4
Net Working Capital
1
Contingent Liabilities
0
Book Value per Share
78.77
Face Value
10.00
Mar 2021
Equity Capital
1
3
4
Trade Payables
1
1
Total Liabilities
11
2
Capital Work in Progress
0
1
0
Cash & Bank
0
7
Total Assets
11
Total Debt
4
Net Working Capital
3
Contingent Liabilities
0
Book Value per Share
31.31
Face Value
10.00
Total Debt
4
Net Working Capital
3
Contingent Liabilities
0
Book Value per Share
31.31
Face Value
10.00
Mar 2022
Equity Capital
2
7
4
Trade Payables
2
2
Total Liabilities
15
4
Capital Work in Progress
1
2
0
Cash & Bank
1
7
Total Assets
15
Total Debt
5
Net Working Capital
5
Contingent Liabilities
0
Book Value per Share
46.52
Face Value
10.00
Total Debt
5
Net Working Capital
5
Contingent Liabilities
0
Book Value per Share
46.52
Face Value
10.00
Mar 2023
Equity Capital
2
7
3
Trade Payables
1
2
Total Liabilities
16
4
Capital Work in Progress
2
3
0
Cash & Bank
0
7
Total Assets
16
Total Debt
5
Net Working Capital
5
Contingent Liabilities
0
Book Value per Share
49.96
Face Value
10.00
Total Debt
5
Net Working Capital
5
Contingent Liabilities
0
Book Value per Share
49.96
Face Value
10.00
Mar 2024
Equity Capital
2
9
3
Trade Payables
1
3
Total Liabilities
17
7
Capital Work in Progress
0
3
6
Cash & Bank
0
1
Total Assets
17
Total Debt
5
Net Working Capital
5
Contingent Liabilities
0
Book Value per Share
58.67
Face Value
10.00
Total Debt
5
Net Working Capital
5
Contingent Liabilities
0
Book Value per Share
58.67
Face Value
10.00
Mar 2025
Equity Capital
2
11
3
Trade Payables
1
2
Total Liabilities
19
7
Capital Work in Progress
0
5
6
Cash & Bank
0
1
Total Assets
19
Total Debt
4
Net Working Capital
7
Contingent Liabilities
0
Book Value per Share
70.35
Face Value
10.00
Total Debt
4
Net Working Capital
7
Contingent Liabilities
0
Book Value per Share
70.35
Face Value
10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019
1
Cash from Investing
-0
Cash from Financing
-1
0
Free Cash Flow
1
OCF / Net Profit
4.06
Cumulative 5-Year FCF
0
OCF / Net Profit
4.06
Cumulative 5-Year FCF
0
Mar 2020
1
Cash from Investing
-0
Cash from Financing
-1
-0
Free Cash Flow
1
OCF / Net Profit
1.99
Cumulative 5-Year FCF
0
OCF / Net Profit
1.99
Cumulative 5-Year FCF
0
Mar 2021
-1
Cash from Investing
-0
Cash from Financing
1
-0
Free Cash Flow
-1
OCF / Net Profit
-0.87
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.87
Cumulative 5-Year FCF
0
Mar 2022
1
Cash from Investing
-3
Cash from Financing
3
1
Free Cash Flow
-2
OCF / Net Profit
0.81
Cumulative 5-Year FCF
0
OCF / Net Profit
0.81
Cumulative 5-Year FCF
0
Mar 2023
0
Cash from Investing
-2
Cash from Financing
1
-1
Free Cash Flow
-4
OCF / Net Profit
0.66
Cumulative 5-Year FCF
0
OCF / Net Profit
0.66
Cumulative 5-Year FCF
0
Mar 2024
2
Cash from Investing
-1
Cash from Financing
-0
0
Free Cash Flow
0
OCF / Net Profit
1.02
Cumulative 5-Year FCF
-5
OCF / Net Profit
1.02
Cumulative 5-Year FCF
-5
Mar 2025
1
Cash from Investing
-0
Cash from Financing
-1
-0
Free Cash Flow
1
OCF / Net Profit
0.72
Cumulative 5-Year FCF
-5
OCF / Net Profit
0.72
Cumulative 5-Year FCF
-5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019
EPS (₹)
4.14
Book Value (₹)
70.74
Dividend per Share (₹)
0.00
Cash EPS (₹)
2.88
Operating Margin %
4.88%
Net Margin %
1.11%
ROE %
5.85%
ROCE %
9.35%
2.60%
Debtor Days
79
Inventory Days
24
Payable Days
4
99
Debt to Equity (x)
1.07x
Interest Coverage (x)
1.71x
1.38x
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 2020
EPS (₹)
8.03
Book Value (₹)
78.77
Dividend per Share (₹)
0.00
Cash EPS (₹)
4.18
Operating Margin %
5.82%
Net Margin %
1.90%
ROE %
10.74%
ROCE %
13.01%
4.72%
Debtor Days
74
Inventory Days
22
Payable Days
6
89
Debt to Equity (x)
1.05x
Interest Coverage (x)
2.24x
1.26x
Revenue Growth %
13.16%
Operating Profit Growth %
35.15%
Net Profit Growth %
93.93%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2021
EPS (₹)
5.05
Book Value (₹)
31.31
Dividend per Share (₹)
0.00
Cash EPS (₹)
6.64
Operating Margin %
4.64%
Net Margin %
2.34%
ROE %
17.55%
ROCE %
15.22%
7.71%
Debtor Days
65
Inventory Days
15
Payable Days
14
66
Debt to Equity (x)
0.81x
Interest Coverage (x)
5.95x
1.54x
Revenue Growth %
22.56%
Operating Profit Growth %
22.33%
Net Profit Growth %
88.70%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
5.50
Book Value (₹)
46.52
Dividend per Share (₹)
0.00
Cash EPS (₹)
6.75
Operating Margin %
5.06%
Net Margin %
2.49%
ROE %
15.15%
ROCE %
16.28%
7.62%
Debtor Days
60
Inventory Days
17
Payable Days
20
57
Debt to Equity (x)
0.61x
Interest Coverage (x)
4.28x
1.81x
Revenue Growth %
22.65%
Operating Profit Growth %
34.15%
Net Profit Growth %
30.66%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
3.44
Book Value (₹)
49.96
Dividend per Share (₹)
0.00
Cash EPS (₹)
4.80
Operating Margin %
5.45%
Net Margin %
2.26%
ROE %
7.13%
ROCE %
8.95%
3.92%
Debtor Days
81
Inventory Days
36
Payable Days
26
91
Debt to Equity (x)
0.61x
Interest Coverage (x)
3.03x
1.92x
Revenue Growth %
-13.58%
Operating Profit Growth %
-25.87%
Net Profit Growth %
-37.46%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
8.71
Book Value (₹)
58.67
Dividend per Share (₹)
0.00
Cash EPS (₹)
10.54
Operating Margin %
10.05%
Net Margin %
5.41%
ROE %
16.04%
ROCE %
17.57%
9.38%
Debtor Days
79
Inventory Days
38
Payable Days
25
91
Debt to Equity (x)
0.45x
Interest Coverage (x)
6.10x
2.22x
Revenue Growth %
5.78%
Operating Profit Growth %
96.67%
Net Profit Growth %
153.14%
153.14%
P/E (x)
16.70x
P/B (x)
2.48x
Dividend Yield %
0.00%
10.51x
Mar 2025
EPS (₹)
11.68
Book Value (₹)
70.35
Dividend per Share (₹)
0.00
Cash EPS (₹)
13.92
Operating Margin %
11.67%
Net Margin %
6.91%
ROE %
18.11%
ROCE %
19.49%
11.61%
Debtor Days
77
Inventory Days
46
Payable Days
22
101
Debt to Equity (x)
0.35x
Interest Coverage (x)
9.12x
2.42x
Revenue Growth %
5.01%
Operating Profit Growth %
21.10%
Net Profit Growth %
34.13%
34.13%
P/E (x)
10.27x
P/B (x)
1.71x
Dividend Yield %
0.00%
7.32x

Shareholding Pattern

Numbers in percentages

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

Documents

Announcements

Nothing filed yet.

Credit Ratings

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Concalls

Nothing filed yet.