IFGL Refractories Limited
IFGLEXPOR · 540774 · Industrials · Electrodes & Refractories
- Market cap
- Rs 1,243 Cr
- P/E
- 30.37x
- P/B
- 1.06x
- 52W high / low
- Rs 256.45 / Rs 119.68
Our computed operating_margin (3.44%) diverges from BSE's own published figure (11.72%) by more than 100%. BSE's figure is a different, BSE-computed number (not necessarily TTM, standalone-only) — treat as a cross-check/fallback signal, not proof either figure is wrong. Our computed net_margin (2.10%) diverges from BSE's own published figure (4.63%) by more than 100%. BSE's figure is a different, BSE-computed number (not necessarily TTM, standalone-only) — treat as a cross-check/fallback signal, not proof either figure is wrong.
About IFGL Refractories
IFGL Refractories Limited is listed on the NSE under the symbol IFGLEXPOR and on the BSE under scrip code 540774. It is classified in the Industrials sector, industry: Electrodes & Refractories. It is a constituent of BSE Industrials. The company listed on 14 Nov 2017 and has a face value of Rs 10.
The latest available end-of-day price is Rs 172.48 (−0.61% on the day), for a market capitalisation of Rs 1,243 Cr. Trailing P/E is 30.37x and price-to-book is 1.06x. The 52-week range is Rs 119.68 to Rs 256.45. The latest price is 39% of the way from the 52-week low to the 52-week high.
Against the 9-company comparison set from the official BSE basic industry Electrodes & Refractories, its market capitalisation is 1.0 times the peer median of Rs 1,243 Cr, and its P/E of 30.37x compares with a peer median of 16.71x. The comparison set is chosen mechanically from the exchange classification; it is not a ranking.
Latest annual results
For FY26 (year ended 31 Mar 2026), IFGL Refractories Limited reported revenue of Rs 1,894 Cr and net profit of Rs 34.7 Cr, with a net margin of 1.83% and earnings per share of Rs 4.81 (consolidated statements).
Year-on-year change: revenue +13.98%; net profit −19.26%; EPS −19.36%. Three-year compound annual growth rate: revenue +10.80%; net profit −24.05%.
At the same date the balance sheet shows total assets of Rs 1,673 Cr, shareholders' equity of Rs 1,175 Cr, total debt of Rs 196 Cr, cash of Rs 52.7 Cr, a debt-to-equity ratio of 0.17 and operating cash flow of Rs 63.4 Cr.
On a trailing-twelve-month basis the filings add up to revenue of Rs 1,953 Cr, net income of Rs 41 Cr and a net margin of 2.10%.
Shareholding pattern
In the shareholding pattern for 30 Sept 2026, IFGL Refractories Limited's ownership is split: promoters 72.43%; foreign institutional investors (FIIs) 0.02%; domestic institutional investors (DIIs) 12.87%; retail and other shareholders 14.68%.
Compared with the filing for 30 Jun 2026: promoter holding 0.00 percentage points; FII holding −0.01 percentage points; DII holding −0.14 percentage points.
The same filing lists reported promoter pledge of 0.00% and 21,586 shareholders on record.
Recent filings and corporate actions
114 BSE corporate announcements were filed by IFGL Refractories Limited in the past twelve months; the most frequent category is "Company Update" (81). The most recent is "We wish to inform you that the Joint Venture Agreement dated October 14, 2024 (JVA), entered into by IFGL Refractories Limited (the Company…" (Company Update), filed on 14 Oct 2026.
The disclosed corporate-action timeline lists 7 entries: dividend (6), bonus (1). The latest is a dividend (Final Dividend - Rs. - 2.1500) with ex-date 29 Jul 2026.
Figures are raw disclosures from official NSE/BSE and SEBI filings plus mechanically computed ratios, restated in words. This is research data, not investment advice, a rating or a recommendation; DalalOS is not a SEBI-registered investment advisor.
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Peer comparison
Official BSE basic industry: Electrodes & Refractories. Limited to companies within a 0.1x–10x market-cap band.
Edit columns
| Raghav Productivity Enhancers Limited | Rs 1,720.2 | Rs 7,900 Cr | Rs 318 Cr | Rs 70.5 Cr | — | 32.17% |
| Vesuvius India Limited | Rs 378.05 | Rs 7,674 Cr | — | — | — | — |
| RHI MAGNESITA INDIA LIMITED | Rs 350 | Rs 7,228 Cr | Rs 4,110 Cr | Rs -353.6 Cr | — | -9.36% |
| HEG Advanced Materials Limited | Rs 243.37 | Rs 4,697 Cr | Rs 2,937 Cr | Rs 359 Cr | 13.28x | 7.79% |
| IFGL Refractories LimitedThis company | Rs 172.48 | Rs 1,243 Cr | Rs 1,962 Cr | Rs 41 Cr | 30.37x | 3.59% |
| Foseco Crucible (India) Ltd | Rs 1,928.9 | Rs 1,080 Cr | Rs 194 Cr | Rs 28.7 Cr | 37.65x | 21.10% |
| ORIENT CERATECH LIMITED | Rs 39.26 | Rs 470 Cr | Rs 417 Cr | Rs 26.1 Cr | 16.71x | 8.93% |
| De Nora India Limited | Rs 697.7 | Rs 370 Cr | Rs 123 Cr | Rs 12.2 Cr | 30.37x | 9.78% |
| Panasonic Carbon India Company Ltd-$ | Rs 384.95 | Rs 185 Cr | Rs 62.8 Cr | Rs 19.2 Cr | 9.63x | 10.68% |
| Median | Rs 378.05 | Rs 1,243 Cr | Rs 367 Cr | Rs 33.5 Cr | 16.71x | 9.35% |
Peers are selected mechanically from the official BSE industry hierarchy and current market-cap band. This is a comparison set, not a ranking or recommendation.
Companies related to IFGL Refractories
Same official industry (Electrodes & Refractories)
- Raghav Productivity Enhancers LimitedRPEL · Market cap Rs 7,900 Cr
- Vesuvius India LimitedVESUVIUS · Market cap Rs 7,674 Cr
- RHI MAGNESITA INDIA LIMITEDRHIM · Market cap Rs 7,228 Cr
- HEG Advanced Materials LimitedHEGAM · Market cap Rs 4,697 Cr
- Foseco Crucible (India) LtdINE599F01020 · Market cap Rs 1,080 Cr
- ORIENT CERATECH LIMITEDORIENTCER · Market cap Rs 470 Cr
- De Nora India LimitedDENORA · Market cap Rs 370 Cr
- Panasonic Carbon India Company Ltd-$INE013E01017 · Market cap Rs 185 Cr
Other Industrials companies of a similar market capitalisation
- Ircon International LimitedIRCON · Market cap Rs 9,488 Cr
- Transformers And Rectifiers (India) LimitedTARIL · Market cap Rs 9,480 Cr
- RITES LimitedRITES · Market cap Rs 9,363 Cr
- KEC International LimitedKEC · Market cap Rs 9,153 Cr
- TITAGARH RAIL SYSTEMS LIMITEDTITAGARH · Market cap Rs 8,952 Cr
- Jupiter Wagons LimitedJWL · Market cap Rs 8,253 Cr
- Afcons Infrastructure LimitedAFCONS · Market cap Rs 7,784 Cr
- NCC LimitedNCC · Market cap Rs 7,416 Cr
Companies are grouped mechanically from the exchange classification and listed by market capitalisation. This is a comparison set, not a ranking or recommendation.