About
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 making, and continuous casting for steel making. The company was formerly known as IFGL Exports Limited and changed its name to IFGL Refractories Limited in October 2017. IFGL Refractories Limited was founded in 1979 and is headquartered in Kolkata, India. IFGL Refractories Limited is a subsidiary of Bajoria Financial Services Private Limited.
Key Metrics
as of Sep 2026Market Cap1,454 Cr
P/E34.00
Div Yield1.05 %
Book Value₹163.00
52w High₹340.00
52w Low₹120.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 297.00 | 276.00 | 271.00 | 287.00 | 275.00 | 270.00 | 233.00 | 254.00 | 242.00 | 209.00 | 197.00 | 260.00 | 227.00 |
| Expenses | 267.00 | 245.00 | 255.00 | 251.00 | 241.00 | 233.00 | 213.00 | 224.00 | 204.00 | 178.00 | 210.00 | 206.00 | 184.00 |
| Operating Profit | 29.00 | 32.00 | 16.00 | 36.00 | 35.00 | 37.00 | 20.00 | 30.00 | 38.00 | 31.00 | -13.00 | 54.00 | 43.00 |
| OPM % | 10.00 | 11.00 | 6.00 | 12.00 | 13.00 | 14.00 | 8.00 | 12.00 | 16.00 | 15.00 | -7.00 | 21.00 | 19.00 |
| Other Income | 2.00 | 1.00 | -3.00 | 2.00 | 3.00 | 3.00 | 2.00 | 4.00 | 7.00 | 6.00 | 3.00 | 4.00 | 3.00 |
| Depreciation | 8.00 | 15.00 | 15.00 | 15.00 | 14.00 | 15.00 | 13.00 | 13.00 | 13.00 | 13.00 | 11.00 | 11.00 | 12.00 |
| Interest | 2.00 | 3.00 | 3.00 | 3.00 | 4.00 | 3.00 | 3.00 | 3.00 | 2.00 | 3.00 | 3.00 | 2.00 | 2.00 |
| Profit before tax | 21.00 | 14.00 | -5.00 | 20.00 | 20.00 | 22.00 | 6.00 | 17.00 | 29.00 | 22.00 | -24.00 | 44.00 | 33.00 |
| Tax % | 25.00 | 11.00 | -25.00 | 26.00 | 25.00 | 23.00 | 15.00 | 21.00 | 25.00 | 29.00 | -87.00 | 31.00 | 31.00 |
| Net Profit | 16.00 | 13.00 | -4.00 | 15.00 | 15.00 | 17.00 | 5.00 | 14.00 | 22.00 | 16.00 | -3.00 | 30.00 | 23.00 |
| EPS in Rs | 2.19 | 1.78 | -0.49 | 2.06 | 2.04 | 2.35 | 0.70 | 1.89 | 3.05 | 2.16 | -0.43 | 4.18 | 3.12 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,109.00 | 998.00 | 893.00 | 833.00 | 787.00 | 649.00 | 499.00 | 489.00 | 443.00 | 372.00 | 47.00 |
| Expenses | 990.00 | 873.00 | 777.00 | 710.00 | 669.00 | 510.00 | 427.00 | 416.00 | 369.00 | 321.00 | 35.00 |
| Operating Profit | 119.00 | 125.00 | 116.00 | 123.00 | 119.00 | 139.00 | 72.00 | 73.00 | 75.00 | 51.00 | 11.00 |
| OPM % | 11.00 | 13.00 | 13.00 | 15.00 | 15.00 | 21.00 | 14.00 | 15.00 | 17.00 | 14.00 | 25.00 |
| Other Income | 2.00 | 16.00 | 17.00 | 12.00 | 14.00 | 6.00 | 8.00 | 3.00 | 2.00 | 3.00 | 0.00 |
| Interest | 13.00 | 13.00 | 11.00 | 6.00 | 4.00 | 4.00 | 4.00 | 5.00 | 5.00 | 4.00 | 2.00 |
| Depreciation | 59.00 | 54.00 | 47.00 | 44.00 | 41.00 | 39.00 | 39.00 | 39.00 | 38.00 | 37.00 | 3.00 |
| Profit before tax | 49.00 | 75.00 | 74.00 | 85.00 | 87.00 | 101.00 | 36.00 | 33.00 | 34.00 | 13.00 | 7.00 |
| Tax % | 21.00 | 23.00 | 12.00 | 28.00 | 27.00 | 56.00 | 17.00 | 20.00 | 33.00 | -45.00 | 0.00 |
| Net Profit | 39.00 | 58.00 | 65.00 | 61.00 | 63.00 | 45.00 | 30.00 | 26.00 | 23.00 | 18.00 | 7.00 |
| EPS in Rs | 5.39 | 7.99 | 9.03 | 8.48 | 8.77 | 6.22 | 4.12 | 3.60 | 3.13 | 31.31 | 15.23 |
| Dividend Payout % | 40.00 | 44.00 | 39.00 | 41.00 | 40.00 | 80.00 | 30.00 | 35.00 | 32.00 | 3.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 72.00 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 3.00 | 2.00 |
| Reserves | 636.00 | 658.00 | 626.00 | 586.00 | 550.00 | 523.00 | 478.00 | 470.00 | 453.00 | 439.00 | 24.00 |
| Borrowings | 140.00 | 153.00 | 119.00 | 115.00 | 86.00 | 46.00 | 41.00 | 67.00 | 90.00 | 71.00 | 23.00 |
| Other Liabilities | 164.00 | 185.00 | 137.00 | 136.00 | 161.00 | 147.00 | 82.00 | 68.00 | 75.00 | 97.00 | 9.00 |
| Total Liabilities | 1,013.00 | 1,032.00 | 917.00 | 873.00 | 833.00 | 752.00 | 637.00 | 641.00 | 654.00 | 610.00 | 58.00 |
| Fixed Assets | 300.00 | 313.00 | 256.00 | 249.00 | 234.00 | 227.00 | 257.00 | 261.00 | 277.00 | 304.00 | 31.00 |
| CWIP | 12.00 | 7.00 | 77.00 | 30.00 | 15.00 | 18.00 | 4.00 | 6.00 | 3.00 | 1.00 | 0.00 |
| Investments | 126.00 | 164.00 | 183.00 | 189.00 | 191.00 | 184.00 | 150.00 | 102.00 | 69.00 | 69.00 | 0.00 |
| Other Assets | 575.00 | 547.00 | 402.00 | 406.00 | 393.00 | 323.00 | 226.00 | 272.00 | 305.00 | 236.00 | 27.00 |
| Total Assets | 1,013.00 | 1,032.00 | 917.00 | 873.00 | 833.00 | 752.00 | 637.00 | 641.00 | 654.00 | 610.00 | 58.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 51.00 | 24.00 | 116.00 | 63.00 | 10.00 | 91.00 | 119.00 | 91.00 | 10.00 | -7.00 | 11.00 |
| Cash from Investing Activity | 3.00 | -20.00 | -85.00 | -59.00 | -8.00 | -101.00 | -50.00 | -56.00 | -19.00 | 5.00 | -2.00 |
| Cash from Financing Activity | -54.00 | -4.00 | -31.00 | -4.00 | -2.00 | 3.00 | -62.00 | -35.00 | 9.00 | 3.00 | -9.00 |
| Net Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -8.00 | 7.00 | -1.00 | 0.00 | 1.00 | 0.00 |
| Free Cash Flow | 12.00 | -29.00 | 14.00 | -9.00 | -39.00 | 65.00 | 102.00 | 67.00 | -5.00 | -15.00 | 9.00 |
| CFO/OP % | 60.00 | 38.00 | 120.00 | 75.00 | 29.00 | 78.00 | 159.00 | 135.00 | 23.00 | 9.00 | 105.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 88.00 | 82.00 | 78.00 | 88.00 | 84.00 | 88.00 | 92.00 | 105.00 | 170.00 | 152.00 | 148.00 |
| Inventory Days | 154.00 | 186.00 | 136.00 | 137.00 | 157.00 | 121.00 | 105.00 | 126.00 | 80.00 | 88.00 | 90.00 |
| Days Payable | 77.00 | 101.00 | 76.00 | 63.00 | 100.00 | 102.00 | 89.00 | 89.00 | 110.00 | 115.00 | 167.00 |
| Cash Conversion Cycle | 164.00 | 168.00 | 138.00 | 162.00 | 140.00 | 107.00 | 108.00 | 142.00 | 141.00 | 124.00 | 72.00 |
| Working Capital Days | 94.00 | 85.00 | 79.00 | 94.00 | 78.00 | 66.00 | 68.00 | 75.00 | 88.00 | 72.00 | -27.00 |
| ROCE % | 8.00 | 11.00 | 11.00 | 13.00 | 14.00 | 18.00 | 6.00 | 6.00 | 7.00 | 6.00 | — |
Corporate Actions
14 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 29 Jul 2026 | 29 Jul 2026 | — | 2.15 | |
| Bonus | 18 Jul 2025 | 18 Jul 2025 | 1:1 | — | |
| Dividend | 06 Jun 2025 | 06 Jun 2025 | — | 1.00 | |
| Dividend | 13 May 2025 | 13 May 2025 | — | 6.00 | |
| Dividend | 24 Jul 2024 | — | — | 7.00 | |
| Dividend | 18 Aug 2023 | — | — | 7.00 | |
| Dividend | 20 Sep 2022 | — | — | 7.00 | |
| Dividend | 29 Jul 2021 | — | — | 6.00 | NSE/BSE dividend mismatch: BSE/NSE=4.0; BSE/NSE=6.0 |
| Dividend | 29 Jul 2021 | — | — | 4.00 | NSE/BSE dividend mismatch: BSE/NSE=4.0; BSE/NSE=6.0 |
| Other | 17 Sep 2020 | — | — | — | Annual General Meeting |
| Dividend | 17 Feb 2020 | 19 Feb 2020 | — | 2.50 | |
| Dividend | 18 Jul 2019 | — | — | 2.50 | |
| Dividend | 14 Aug 2018 | — | — | 2.00 | |
| Dividend | 14 Dec 2017 | — | — | 2.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update25 Aug from icra
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Rating update12 Jun 2025 from icra
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Rating update26 Mar 2024 from icra
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Rating update27 Jan 2022 from icra
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Rating update5 Jan 2021 from icra
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Rating update2 Jan 2020 from icra
Conference Calls
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