IFGL Refractori.

NSE: IFGLEXPOR · Electrodes & Refractories

52W Range₹120 ₹338

Snapshot

Unlock IFGL Refractori.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

IFGL Refractories Limited manufactures and sells specialised refractory products and equipment primarily for the steel industry. Its portfolio includes isostatic refractories, slide gate systems, purging systems, and various monolithic and cast products.

Business Model

The company generates revenue through the manufacturing, trading, and sale of high-performance refractory items and related machinery to steel plants globally. It operates as a subsidiary of Bajoria Financial Services Private Limited.

Growth Outlook

Growth is driven by the ongoing demand for high-quality refractory solutions in steel manufacturing and the expansion of its product range to include robotic gunning and advanced slag control systems.

Key Risks

  • Cyclicality of Steel Industry. The company's performance is highly dependent on the capital expenditure and production levels of the global steel sector.
  • Raw Material Price Volatility. Fluctuations in the cost of raw materials used in refractory production can significantly impact profit margins.
  • Geopolitical and Trade Risks. As an international supplier, the company is exposed to risks associated with global trade policies, tariffs, and currency fluctuations.

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Key Metrics

REVENUE

₹1,953 Cr

TTM · consolidated

+15.4%YoY

NET PROFIT

₹41 Cr

TTM · consolidated

+40.5%YoY

EPS

₹5.68

TTM · consolidated

-13.8%YoY

RETURN ON EQUITY

3.6%

TTM · consolidated

+1.0 ppYoY

RETURN ON CAPITAL EMPLOYED

5.5%

TTM · consolidated

+0.7 ppYoY

P/E

36.0x

Q1 FY27 · consolidated

36.0 vs 17.0x5Y avg

EV/EBITDA

11.0x

Q1 FY27 · consolidated

11.0 vs 10.9x5Y avg

EBITDA MARGIN

7.5%

TTM · consolidated

-0.3 ppYoY

NET PROFIT MARGIN

3.3%

Q1 FY27 · consolidated

+0.9 ppYoY

DEBT TO EQUITY

0.2x

Q1 FY27 · consolidated

-0.01xYoY

Peers · Electrodes & Refractories

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
IFGL Refractori.IFGLEXPOR
₹1,475 Cr36.0411.0515.4%7.5%3.6%5.5%-15.8%
Rhi Magnesita India LimitedRHIM
₹7,668 Cr-21.6915.238.5%12.6%-9.4%-5.8%-21.2%
Monolithisch IndMONOLITH
₹2,751 Cr24.0%+177.8%
Foseco Crucible India LimitedMORGANITE
₹1,013 Cr40.7417.15-1.3%33.1%13.8%19.5%+7.9%
Orient CeratechORIENTCER
₹525 Cr20.149.1324.0%15.0%8.9%12.3%+15.0%
DE Nora IndiaDENORA
₹431 Cr35.3622.5517.5%16.0%9.8%13.0%-2.6%

As of Q1 FY27

Financials