IFGL Refractories share price, P/E, ROE & financials

On 6 Nov 2026, IFGL Refractories was priced at ₹171.77, or 30.2× trailing earnings, against an industry P/E of 27.3×, and the shares are 31% below their 52-week high. It earns ROCE of 4.9% and ROE of 3.0%, and sales grew 11% a year over 3 years while net profit fell 24%. Its dividend yield is 1.3%, and debt is 0.18× equity. It is a small-cap company with a market cap of ₹1,238 Cr, ranked 24th of 58 Building Materials companies by market cap; the shares fell 28% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹176.90
Day high: ₹176.90
Day low: ₹167.01
Prev. close: ₹175.18
Volume: 12.5K

Health check

3 fair · 3 to check

ReturnsIn line
−28.3% over a year, better than 3 of 7 peers.
Price tagIn line
P/E 30.2 vs industry 27.3.
GrowthSlow
Sales +11.2%, profit −24.0% a year over 3 years.
ProfitabilityWeak
ROCE 4.9% vs peer median 10.2%.
Balance sheetFair
Debt 0.18× equity, interest covered 3.9×, Piotroski 7 of 9.
Red flags2 to check
Return on equity is low at 3.0%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Building Materials

57 listed peers. Screen the industry

Small cap

₹1,238 Cr, #24 of 58 in its industry by size.

Moves with the market

Beta 1.07 vs the NIFTY 50: tracks the market closely.

Key metrics

Last 12 months to Jun 2026: sales ₹1,953 Cr · profit ₹41 Cr

Market cap: ₹1,238 Cr; Small cap
P/E: 30.2; Industry 27.3
Price to book: 1.05; Peers 2.12
Dividend yield: 1.25%
ROE: 3.0%; Peers 4.9%
ROCE: 4.9%; Peers 10.2%
Debt to equity: 0.18; Debt ₹209 Cr
EPS (TTM): ₹5.68; Face value ₹10
OPM (TTM): 7.0%; Net margin 2.1%
Sales growth: +12.9%; Latest quarter vs a year ago
Profit growth: +57.8%; Latest quarter vs a year ago
Price to sales: 0.63; EV/EBITDA 9.4

Strengths

Quarterly profit up 57.8% on a year ago.
Positive operating cash flow in each of the last 4 years.

Risks to check

Return on equity is low at 3.0%.
31% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About IFGL Refractories

IFGL Refractories Limited manufactures, trades in, and sells refractory items, and related equipment and accessories used in steel plants in India and internationally. The company provides specialized refractories for iron and steel, as well as cement, glass, aluminium, and other industries. It offers direct reduced iron, pelletisations plant, torpedo ladle, raker plate, and granshot tundish for iron making; and basic oxygen furnace, ladle, electric steel…

Headquarters: Kolkata
Employees: 1,180
Sector: Basic Materials
ISIN: INE133Y01011
Website: ifglgroup.com

Price range

52 weeks

₹119.68₹247.90

Today

₹167.01₹176.90

Avg volume (3M): 38.9K
1-year return: minus 28.3%
From 52-week high: minus 30.7%

Peers · Building Materials

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
ULTRACEMCOUltraTech Cement	12,450.00	plus 1.63%	3,66,110	41.6	22.8	11.8%	19.1%	0.38	11.9%	plus 3.6%
GRASIMGrasim Industries	3,227.00	minus 0.02%	2,18,884	38.5	16.8	4.0%	15.0%	1.35	14.3%	plus 12.0%
AMBUJACEMAmbuja Cements	390.60	plus 0.67%	97,057	34.7	14.6	4.6%	14.3%	0.01	–	minus 31.6%
SHREECEMShree Cement	25,100.00	plus 0.82%	90,563	57.2	18.0	10.2%	20.1%	0.09	5.7%	minus 9.8%
JKCEMENTJ.K. Cement	5,239.80	minus 0.20%	40,487	42.3	19.2	13.3%	15.8%	1.01	12.1%	minus 9.1%
DALBHARATDalmia Bharat	1,470.30	plus 0.27%	27,602	56.3	9.6	7.0%	16.5%	0.57	3.0%	minus 28.5%
ACCACC	1,236.20	plus 0.77%	23,214	26.4	7.9	10.4%	8.7%	0.02	–	minus 33.1%
IFGLEXPORIFGL Refractories	171.77	minus 1.95%	1,238	30.2	8.2	4.9%	7.0%	0.18	11.2%	minus 28.3%
Median of 7 peers	–	0.67%	90,563	41.6	16.8	10.2%	15.8%	0.38	11.9%	−9.8%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
454	489	469	483	512
418	451	446	444	475
36	38	23.1	38.9	37
7.9%	7.8%	4.9%	8.1%	7.2%
3	2	1.9	2.9	2.7
4.6	3.6	3.9	3.8	2.9
19.2	19.8	20	20.7	13.6
–	–	−4.8	−0.4	–
15.2	16.7	−3.7	17	23.1
28.7%	24.0%	17.6%	16.0%	26.3%
10.8	12.7	−3.1	14.3	17.1
1.50	1.76	-0.43	1.98	2.37

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +11.2%
Profit CAGR 3Y: −24.0%
EPS CAGR 3Y: −4.3%
ROE: 3.0%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
1,372	1,631	1,642	1,887
–	+18.9%	+0.7%	+14.9%
1,203	1,455	1,494	1,725
170	176	149	161
12.4%	10.8%	9.0%	8.6%
−7.4	−11.3	−13.6	−17.2
4.8	11	13.8	15.8
55.6	64.3	72.7	79.6
3.9	8	11.1	−3.6
106	97.8	59.5	45.1
25.1%	16.5%	27.8%	23.1%
79.2	81.7	43	34.7
–	+3.1%	minus 47.4%	minus 19.3%
10.99	11.33	5.97	4.81

EPS is shown as reported. The EPS CAGR above adjusts earlier years for the 2:1 on Jul 2025 split/bonus; dilution from new shares is not adjusted.

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
36	36	36	72.1
969	1,036	1,071	1,103
160	174	213	209
261	244	298	289
1,426	1,490	1,619	1,673
335	436	471	501
52.9	110	46.5	49.6
23.4	11.3	11.3	0.9
170	189	155	119
845	744	935	1,002
1,426	1,490	1,619	1,673

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
6.3	152	28.3	63.4
−123	−117	−37.2	−20.5
49.8	−24.3	−3.8	−57.8
−66.6	10.8	−12.7	−14.9
−137	−135	−72.9	−63.7
−130	17.5	−44.6	−0.4
−25.2	−25.2	−25.2	−25.2

Shareholding pattern

Source: NSE filings

72.4%

promoters

Promoters72.43%
Public27.57%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	72.43%	27.57%	0.00
30 Jun 2026	72.43%	27.57%	0.00
31 Mar 2026	72.43%	27.57%	0.00
31 Dec 2025	72.43%	27.57%	0.00
30 Sep 2025	72.43%	27.57%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you