What the business is, and whether it's a good one at a fair price.
Makes refractories — heat-resistant ceramic products that line steel-making furnaces, ladles and continuous-casting equipment — and sells them to steel producers in India, Europe, the Americas and Asia. India is the largest market, contributing ₹1,101.91 cr (58.2% of FY26 segment revenue) and growing 25% YoY in 9M FY26. The Total Refractories Management (TRM) service model — under which the company supplies and manages refractories on the customer's site — now contributes 35-40% of monthly revenue. Europe (₹429.03 cr) is loss-making at the EBIT level, dragged by the UK Monocon business; America (₹337.87 cr) is profitable at ₹29.06 cr EBIT. Major capex is underway: a ₹325 cr greenfield plant at Khordha (target FY28) and a ₹300 cr JV plant in Gujarat with Marvel Refractories (target FY29). Materials account for 48.5% of revenue and employees 17.1%; FY26 EBITDA margin was 7.42% on ₹1,894.25 cr of revenue.
Measured from the filed financials, judged against its Electrodes & Refractories peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from IFGL REFRACTORIES LIMITED's filed financials and exchange disclosures
IFGL REFRACTORIES LIMITED is a Industrial Products company listed on NSE and BSE, trading under the symbol IFGLEXPOR.
Yes. Over the trailing twelve months IFGL REFRACTORIES LIMITED reported a net profit of ₹41 Cr on revenue of ₹1,953 Cr.
Yes. The dividend yield is 1.70% at the current price. It paid out 73% of its profit as dividend in FY26.
No. Debt stands at 0.17× equity, and it carries net debt of ₹143 Cr. That is lower than 10% of its 11 Electrodes & Refractories peers.
On trailing P/E, IFGL REFRACTORIES LIMITED ranks 7 of 10 in Electrodes & Refractories — cheaper than 33% of them, against an industry median of 33.6×. This is a position, not a valuation judgement.
On a typical session IFGL REFRACTORIES LIMITED moves 1.87% — that is the median absolute close-to-close move across its last 268 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by IFGL REFRACTORIES LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
