IFGL Refractories Limited

Web: ifglgroup.com NSE: IFGLEXPOR BSE: 540774 SECTOR: Capital Goods - Industrial Products

198 6(-3%)

Volume

22k as on 23, Jun

Open

461

High

478

Low

461

204

VWAP

191

52 Week High

338

52 Week Low

120

Viand Research Rating

Quality Score

42/100

Growth Score

13/100

Valuation Score

50/100

Momentum Score

45/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

1,425

No. of Shares

7.21

P/E

35.74

P/B

2.6

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

7.27

ROCE

Profit Growth

Listing Date

14-Nov-17

Promoter Holding

72.44%

FII Holding

0.03%

DII Holding

13.27%

Price Chart

Price Performance

1 Week3%

1 Month11%

3 Months38%

6 Months22%

1 Year22%

YTD22%

Moving Average

5 Day SMA191

10 Day SMA191

20 Day SMA189

30 Day SMA182

50 Day SMA183

61 Day SMA175

80 Day SMA0

200 Day SMA0

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	200	193	197	200
Resistance 2	197	193	195	197
Resistance 1	195	192	194	195
Pivot Point	192	192	192	192
Support 1	189	191	190	189
Support 2	186	191	188	186
Support 3	184	190	186	184

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	HAL	3,05,236	4564	3%	1%	5%	3%	31	94	0	9116
2	BEL	2,95,132	404	1%	6%	3%	2%	49	94	0	6062
3	ABB	1,59,111	7508	4%	3%	58%	31%	93	94	0.01	1668
4	CUMMINSIND	1,54,691	5580	1%	3%	37%	54%	74	94	0	2362
5	TMCV	1,49,748	407	4%	1%	9%	23%	0	94	0.44	3030
6	POWERINDIA	1,42,877	32055	6%	13%	90%	61%	150	94	0.02	988
7	BHEL	1,42,155	408	0%	1%	66%	66%	409	94	0.31	1600
8	CGPOWER	1,39,071	883	2%	5%	59%	34%	119	94	0.01	1199
9	POLYCAB	1,34,302	8915	3%	9%	30%	32%	52	94	0.02	2708
10	SIEMENS	1,30,497	3664	2%	3%	25%	16%	66	94	0.02	2754
Load More

Shareholding Pattern (%)

	Mar 2026	Dec 2025	Sep 2025	Jul 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.01) 72.44%	(0.01) 72.44%	(0.01) 72.44%	(0.01) 72.44%	(0.01) 72.44%	(0.01) 72.44%	(0.01) 72.44%	(0.01) 72.44%	(0.01) 72.44%	(0.01) 72.44%	(0.01) 72.44%	(0.01) 72.44%	(0.01) 72.44%	(0.01) 72.44%	(0.01) 72.44%	(0.01) 72.44%	(0.01) 72.43%	(0.01) 72.43%	(0.01) 72.43%	(0.01) 72.43%
FIIs	(0.01) 0.03%	(0.01) 0.04%	(0.01) 0.03%	(0.01) 0.02%	(-0.11) 0.04%	(0.01) 0.12%	(-0.11) 0.13%	(0.01) 0.18%	(-0.11) 0.18%	(-0.11) 0.27%	(0.31) 0.37%	(0.01) 0.03%	(0.01) 0.04%	(0.01) 0.00%	(0.01) 0.02%	(0.01) 0.04%	(0.01) 0.00%	(0.01) 0.02%	(0.01) 0.04%	(0.01) 0.01%
DIIs	(-0.21) 13.27%	(0.01) 13.51%	(0.01) 13.51%	(0.01) 13.55%	(-0.11) 13.54%	(-0.11) 13.62%	(-0.31) 13.72%	(0.21) 14.00%	(0.31) 13.77%	(1.81) 13.52%	(-0.11) 11.70%	(1.41) 11.82%	(0.01) 10.46%	(0.01) 10.45%	(0.01) 10.45%	(-0.11) 10.46%	(0.01) 10.60%	(-0.51) 10.60%	(0.11) 11.05%	(0.01) 11.00%
Public	14.26%	14.01%	14.02%	13.98%	13.97%	13.81%	13.71%	13.38%	13.61%	13.75%	15.49%	15.69%	17.07%	17.12%	17.08%	17.07%	16.96%	16.95%	16.48%	16.55%
No. of Shareholders	21,298	21,346	21,605	21,272	19,714	18,613	19,168	18,255	18,466	18,901	21,430	20,078	18,427	18,936	19,188	19,626	19,511	19,789	18,187	18,146

Quarterly Results

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021
Sales	483	469	489	454	449	379	411	415	394	366	456	424	368	315.97	343	359	361.22	313.63	310	275
Sales Growth % (YoY)	7.7%	23.7%	18.8%	9.5%	13.9%	3.5%	-9.8%	-2.2%	7%	15.9%	32.8%	18%	1.9%	0.8%	10.7%	30.8%	27.4%	8.5%	25.9%	35.2%
Sales Growth % (QoQ)	3%	-4.1%	7.7%	1.1%	18.5%	-7.8%	-1%	5.3%	7.7%	-19.7%	7.5%	15.2%	16.5%	-7.9%	-4.5%	-0.6%	15.2%	1.2%	12.7%	-
Expenses	444	446	451	418	415	362	379	368	359	370	388	368	320	281.65	307	325	323.91	277.82	273	242
Operating Profit	39	23	38	36	33	17	33	46	35	-4	68	56	48	34.32	36	34	37.31	35.81	37	33
OPM %	8	5	8	8	7	4	8	11	9	-1	15	13	13	10.86	11	9	10.33	11.42	12	12
Other Income	2	-3	2	3	4	3	4	7	7	4	4	3	8	2.34	3	0	5.35	3.61	4	3
Interest	4	4	4	5	4	4	3	3	3	3	2	3	1	1.26	2	1	0.55	1.02	1	1
Depreciation	21	20	20	19	20	18	18	17	17	16	16	16	16	13.38	13	13	14.77	12.52	12	12
Profit before tax	17	-4	17	15	13	-2	15	33	21	-18	54	41	40	22.02	24	20	27.34	25.88	28	23
Tax %	16	-18	24	29	34	11	21	26	41	-108	29	28	26	28.29	19	28	24.29	26.97	28	22
Net Profit	14	-3	13	11	8	-2	12	25	13	2	38	30	29	15.79	19	15	20.7	18.9	20	18
Net Profit Growth % (QoQ)	566.7%	-123.1%	18.2%	37.5%	500%	-116.7%	-52%	92.3%	550%	-94.7%	26.7%	3.4%	83.7%	-16.9%	26.7%	-27.5%	9.5%	-5.5%	11.1%	-
Net Profit Growth % (YoY)	75%	-50%	8.3%	-56%	-38.5%	-200%	-68.4%	-16.7%	-55.2%	-87.3%	100%	100%	40.1%	-16.5%	-5%	-16.7%	-	-	-	-
TTM Net Profit	35	29	30	29	43	48	52	78	83	99	112.79	93.79	78.79	70.49	73.6	74.6	77.6	56.9	38	0
EPS in Rs	1.98	-0.43	1.76	1.5	1.17	-0.3	1.68	3.42	1.74	0.21	5.27	4.11	4.08	2.19	2.7	2.02	2.87	5.24	5.55	4.96

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Sales	1894	1653	1639	1386	1260	1022	917	950	835	766
Sales Growth %	14.6%	0.8%	18.2%	10.1%	23.2%	11.4%	-3.5%	13.8%	9.1%	-
Expenses	1758	1524	1485	1233	1117	865	825	841	729	667
Operating Profit	136	129	155	153	143	157	92	109	106	99
OPM %	7	8	9	11	11	15	10	12	13	13
Other Income	5	17	18	13	16	19	-10	4	4	4
Interest	16	14	11	5	3	3	4	4	4	5
Depreciation	80	73	64	56	51	49	48	46	44	44
Profit before tax	45	60	98	106	104	124	30	64	63	55
Tax %	23	28	17	25	25	47	35	21	25	8
Net Profit	35	43	82	79	77	66	19	50	47	50
Net Profit Growth %	-18.6%	-47.6%	3.8%	2.6%	16.7%	247.4%	-62%	6.4%	-6%	-
EPS in Rs	4.81	5.96	11.33	10.99	10.75	9.1	2.7	7	6.54	86.16
Dividend Payout %	45	59	31	32	33	55	46	18	15	1

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Cash from Operating Activity	63	28	152	6	4	139	150	109	41	28
Cash from Investing Activity	-21	-34	-115	-118	-26	-97	-50	-70	-40	-9
Cash from Financing Activity	-58	-4	-24	50	-7	-5	-66	-37	18	-4
Net Cash Flow	-15	-9	13	-62	-29	38	33	3	19	14

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Equity Capital	72	72	36	36	36	36	36	36	36	36	36	3
Reserves	1103	1066	1071	1068	1036	969	898	854	773	759	716	650
Borrowings	209	217	213	189	174	160	99	64	65	89	112	84
Other Liabilities	289	382	298	255	244	261	253	230	150	135	134	158
Total Liabilities	1673	1737	1618	1547	1490	1426	1286	1184	1024	1019	999	894
Fixed Assets	610	600	593	572	517	500	422	416	440	454	461	471
CWIP	41	33	27	67	104	46	25	22	7	6	8	2
Investments	68	67	105	110	126	132	135	128	94	46	13	12
Other Assets	955	1037	893	798	743	748	704	618	483	513	516	409
Total Assets	1673	1737	1618	1547	1490	1426	1286	1184	1024	1019	999	894

Delivery

#	Date	151 64% 248	Value (Cr)	Q/T 58	Del 40	Del 3
1	22-Jul	204	1	13	56	0
2	21-Jul	209	1	16	46	0
3	20-Jul	208	1	31	59	1
4	17-Jul	213	0	15	51	0
5	16-Jul	219	1	19	41	0
6	15-Jul	222	1	24	43	0
7	14-Jul	215	2	32	44	1
8	13-Jul	224	1	28	54	1
9	10-Jul	231	2	38	43	1
10	9-Jul	234	2	45	35	1
11	8-Jul	227	11	48	19	2
12	7-Jul	224	3	39	40	1
13	6-Jul	238	17	41	22	4
14	3-Jul	221	49	68	12	6
15	2-Jul	209	47	103	9	4
16	1-Jul	179	0	28	57	0
17	30-Jun	180	0	27	64	0
18	29-Jun	178	2	50	71	1
19	25-Jun	186	0	18	62	0
20	24-Jun	187	0	16	59	0
21	23-Jun	188	0	33	60	0
22	22-Jun	192	0	37	61	0
23	19-Jun	193	0	30	48	0
24	18-Jun	189	1	30	56	0
25	17-Jun	193	1	35	51	0
26	16-Jun	194	0	25	56	0
27	15-Jun	194	0	37	53	0
28	12-Jun	188	0	38	57	0
29	11-Jun	184	1	29	51	0
30	10-Jun	191	1	26	49	0
31	9-Jun	198	1	30	48	1
32	8-Jun	191	1	37	55	0
33	5-Jun	195	1	35	54	0
34	4-Jun	201	1	41	48	1
35	3-Jun	198	5	49	33	2
36	2-Jun	194	33	79	9	3
37	1-Jun	176	1	36	50	0
38	29-May	175	1	45	60	1
39	27-May	174	0	27	69	0
40	26-May	175	0	34	61	0
41	25-May	176	0	23	48	0
42	22-May	170	0	35	61	0
43	21-May	168	0	22	45	0
44	20-May	166	0	21	54	0
45	19-May	161	0	22	43	0
46	18-May	158	1	42	56	1
47	15-May	166	0	29	64	0
48	14-May	170	0	31	53	0

Daily Market Cap

Date	Total Market Cap	Change	Chg %
23-Jul	1,426c	41c	2.79
22-Jul	1,466c	36c	2.42
21-Jul	1,503c	29c	1.88
17-Jul	1,532c	40c	2.52
16-Jul	1,571c	18c	1.15
15-Jul	1,590c	51c	3.13
14-Jul	1,641c	37c	2.31
13-Jul	1,604c	59c	3.53
10-Jul	1,663c	31c	1.85
09-Jul	1,694c	69c	4.21
08-Jul	1,625c	12c	0.70
07-Jul	1,637c	71c	4.16
06-Jul	1,708c	259c	17.89
02-Jul	1,449c	151c	11.67
30-Jun	1,297c	9c	0.67
29-Jun	1,306c	35c	2.58
26-Jun	1,341c	8c	0.59
25-Jun	1,333c	21c	1.53
24-Jun	1,354c	3c	0.20
23-Jun	1,351c	38c	2.74
22-Jun	1,389c	4c	0.29
19-Jun	1,385c	23c	1.65
18-Jun	1,362c	42c	3.00
17-Jun	1,405c	13c	0.91
16-Jun	1,392c	9c	0.67
15-Jun	1,401c	47c	3.49
12-Jun	1,354c	16c	1.13
11-Jun	1,370c	31c	2.20
10-Jun	1,400c	0	0

Stock Checklist

Price is below from 52 week high low average: 28%

Stock is trading above all short term SMAs: YES

Stock is trading above all long term SMAs: YES

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: NO

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 10 fund scheme(s) across 4 fund house(s) as of Jul26 · Total value ₹316 Cr · 0 increasing / 2 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
HDFC Mutual Fund	2	0.29%	-0.04%	236.3
DSP Mutual Fund	4	0.36%	-	53.2
Aditya Birla Sun Life Mutual Fund	2	0.25%	-	26.8
Motilal Oswal Mutual Fund	2	0.00%	-	0

IFGL Refractories Limited

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