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.

Price

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Key Metrics

REVENUE

₹1,894 Cr

TTM · consolidated

+14.6%YoY

NET PROFIT

₹35 Cr

TTM · consolidated

-19.3%YoY

EPS

₹4.81

TTM · consolidated

-59.7%YoY

RETURN ON EQUITY

3.1%

TTM · consolidated

-0.9 ppYoY

RETURN ON CAPITAL EMPLOYED

5.0%

TTM · consolidated

-1.2 ppYoY

P/E

45.6x

Q4 FY26 · consolidated

45.6 vs 16.9x5Y avg

EV/EBITDA

11.8x

Q4 FY26 · consolidated

11.8 vs 11.5x5Y avg

EBITDA MARGIN

7.7%

TTM · consolidated

-1.1 ppYoY

NET PROFIT MARGIN

3.0%

Q4 FY26 · consolidated

+1.1 ppYoY

DEBT TO EQUITY

0.2x

Q4 FY26 · consolidated

-0.01xYoY

Peers · Electrodes & Refractories

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
IFGL Refractori.IFGLEXPOR
1,00145.5511.8114.6%7.7%3.1%5.0%-61.3%
Raghav Productivity Enhancers Ltd.RPEL
2,830109.1677.3628.8%30.1%26.5%32.5%+85.3%
Monolithisch IndMONOLITH
84324.0%+77.1%
Morganite CrucibMORGANITE
67435.4612.91-1.3%33.1%16.1%24.6%
Orient CeratechORIENTCER
45423.0310.0023.5%13.3%7.6%10.0%+2.3%
DE Nora IndiaDENORA
36652.5532.7077.3%11.5%7.4%9.8%-6.1%

As of Q4 FY26

Financials