Flash Finance

IFGL Refractories LimitedIFGLEXPORCorporate

Refractories / Intermediates Latest results: Mar 2026 14 quarters of data
Consolidated Standalone
₹182.96
MCap ₹1,319 Cr · P/E 33.7
IFGL Refractories Limited — Stock analysis & AI research IFGL Refractories Limited — Seasonality — best & worst months IFGL Refractories Limited — Technical setup — score, trend, support & resistance IFGL Refractories Limited — Live exchange announcements
📋 High Promoter Holding Stocks 🏭 Metal sector
AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹276 Cr
Sales · Mar 2026
+2.3% YoY
₹32 Cr
Operating Profit · Mar 2026
-14.0% YoY
11.6%
OPM % · Mar 2026
-15.9% YoY
₹13 Cr
Net Profit · Mar 2026
-23.1% YoY
₹1.78
EPS · Mar 2026
-62.0% YoY

📝 IFGL Refractories Limited — results explained

Quarter ended March 2026 (Q4 FY26)

IFGL Refractories Limited reported revenue of ₹276 crore for the quarter ended March 2026 (Q4 FY26), up 2.3% from ₹270 crore in the same quarter last year, and up 1.9% sequentially over the December 2025 quarter.

Net profit fell 23.1% year-on-year to ₹13 crore, from ₹17 crore. Earnings per share (EPS) came in at ₹1.78.

Operating profit stood at ₹32 crore — an operating margin (OPM) of 11.6%, compared with 13.8% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, IFGL Refractories Limited posted revenue of ₹1,109 crore, a growth of 11.2% over FY25, with a net profit of ₹39 crore (down 32.0% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹1,109 crore with a net profit of ₹39 crore.

Valuation snapshot

At the current price of ₹182.96, IFGLEXPOR has a market capitalisation of ₹1,319 crore and a trailing P/E of about 33.7.

Within the Refractories / Intermediates industry, it is the 4th-largest of the 7 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 72.43%, foreign institutional investors (FIIs) 0.02%, domestic institutional investors (DIIs) 12.87%, public shareholders 14.67% of IFGL Refractories Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹1,319 Cr
Current Price ?
₹183.0
P/E ?
33.66above ind
Industry P/E ?
26.00
P/B ?
1.86
P/S ?
1.19
P/FCF ?
109.90
Enterprise Value ?
₹1,459 Cr
EV/EBITDA ?
12.25
PEG ?
N/A
Earnings Yield ?
4.1%
Dividend Yield ?
1.17%
Profitability & Returns
Sales (TTM) ?
₹1,109 Cr
OPM ?
10.7%
Profit after tax (TTM) ?
₹39 Cr
EPS (TTM) ?
₹5.44
ROCE ?
8.0%
ROE ?
5.5%
ROA ?
3.9%
Growth
Sales — latest qtr ?
₹276 Cr
PAT — latest qtr ?
₹13 Cr
YoY qtr sales growth ?
2.3%
YoY qtr profit growth ?
-23.1%
Sales growth (3y) ?
10%
Sales growth (5y) ?
11%
Profit growth (3y) ?
-12%
Profit growth (5y) ?
-1%
Financial Health
Debt ?
₹140 Cr
Debt to Equity ?
0.20
Interest Coverage ?
4.6
Current Ratio ?
N/A
Ownership
Promoter holding ?
72.43%
Change in promoter holding ?
-0.01%
Pledged percentage ?
N/A
Market
Return 3 months ?
-14.0%
Return 6 months ?
1.3%

🗓️ Quarterly results (14 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best
Metric Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026 YoY % QoQ %
Sales 182210227260197209242254233270275287271276 +2.3% +1.9%
Operating Profit 28394354-13313830203735361632 -14.0% +97.5%
Other Income 27343674233221 -69.3% -38.7%
Interest 11223323334333 -12.8% -2.9%
Depreciation 1113121111131313131514151515 +0.0% +2.2%
Profit Before Tax 18333344-242229176222020-514 -36.5% +394.7%
Net Profit 12232330-31622145171515-413 -23.1% +465.2%
EPS 3.426.366.248.36-0.854.326.113.791.394.692.052.06-0.501.78 -62.0% +456.0%
OPM % 15.2% 18.5% 19.0% 20.6% -6.7% 14.9% 15.6% 11.7% 8.5% 13.8% 12.7% 12.5% 6.0% 11.6% -15.9% +93.3%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹998 Cr ₹1,109 Cr ₹1,109 Cr +11.2%
Operating Profit ₹124 Cr ₹119 Cr ₹119 Cr -4.1%
OPM % 12.45% 10.74% 10.74% -13.7%
NPM % 5.77% 3.53% 3.53% -38.8%
Other Income ₹16 Cr ₹7 Cr ₹7 Cr -54.4%
Depreciation ₹54 Cr ₹59 Cr ₹59 Cr +9.0%
Interest ₹12 Cr ₹13 Cr ₹13 Cr +10.4%
EBIT ₹70 Cr ₹60 Cr ₹60 Cr -14.1%
PBT ₹75 Cr ₹49 Cr ₹49 Cr -34.6%
Tax ₹17 Cr ₹4 Cr ₹4 Cr -78.8%
Net Profit ₹58 Cr ₹39 Cr ₹39 Cr -32.0%
EPS ₹15.98 ₹5.39 ₹5.39 -66.3%
Material Cost ₹547 Cr ₹304 Cr ₹304 Cr -44.4%
Employee Cost ₹98 Cr ₹63 Cr ₹63 Cr -35.9%
Extraordinary Items — ₹-5 Cr ₹-5 Cr —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 36363672 +100.0%
Reserves 586626658636 -3.3%
Borrowings 115119153140 -8.5%
Other Liabilities 136137185164 -11.4%
Total Liabilities 8739171,0321,013 -1.8%
Fixed Assets 249256313300 -4.2%
CWIP 3077712 +71.4%
Investments 189183164126 -23.2%
Other Assets 406402547575 +5.1%
Total Assets 8739171,0321,013 -1.8%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 631162451 +112.5%
Cash from Investing Activity -59-85-203 +115.0%
Cash from Financing Activity -4-31-4-54 -1250.0%
Net Cash Flow -0000 —
Free Cash Flow -914-2912 +141.4%
CFO/OP 75%120%38%60% +57.9%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 88788288 +7.3%
Inventory Days 137136186154 -17.2%
Days Payable 637610177 -23.8%
Cash Conversion Cycle 162138168164 -2.4%
Working Capital Days 947985116 +36.5%
ROCE % 13%11%11%8% -27.3%

👥 Shareholding (latest 6 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026 % Chg
Promoters 72.44%72.44%72.44%72.44%72.43%72.43% +0.0%
FIIs 0.04%0.03%0.04%0.03%0.03%0.02% -33.3%
DIIs 13.54%13.51%13.51%13.27%13.01%12.87% -1.1%
Public 13.97%14.02%14.01%14.26%14.52%14.67% +1.0%
No. of Shareholders 19,71421,60521,34621,29821,52521,586 +0.3%

⚖️ Peer comparison

Industry: Refractories / Intermediates · 7 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 VESUVIUS Vesuvius India ₹417.50 8,474 33.1 2,134 257 16.7% 12.0% 12.5% 3.9% 2.3% -7.1%
2 RPEL Raghav Productivity ₹1,816.50 8,342 118.3 315 70 29.7% 22.3% 29.0% 47.8% 46.0% 56.3%
3 RHIM RHI MAGNESITA ₹381.15 7,871 — 4,073 -353 11.7% -8.7% 9.4% -289.0% 5.6% 83.2%
4 IFGLEXPOR IFGL Refractories ₹196.70 1,418 40.9 1,895 35 7.2% 1.8% 14.6% -19.2% 7.7% 66.1%
5 ORIENTCER ORIENT CERATECH ₹47.86 573 22.0 406 26 12.8% 6.4% 23.5% 120.2% 2.2% 99.2%
6 REFRACTORY Refractory Shapes ₹203.15 443 92.3 57 5 14.0% 8.4% — — -35.8% -95.2%
7 SPRL SP Refractories ₹258.00 46 13.1 28 4 18.8% 12.5% — — -25.2% 18.7%
❓ Frequently asked questions
What was IFGL Refractories Limited's revenue in Q4 FY26?
IFGL Refractories Limited reported revenue of ₹276 crore for the quarter ended March 2026 (Q4 FY26), up 2.3% from ₹270 crore in the same quarter last year, and up 1.9% sequentially over the December 2025 quarter.
What was IFGL Refractories Limited's net profit in Q4 FY26?
Net profit fell 23.1% year-on-year to ₹13 crore, from ₹17 crore. Earnings per share (EPS) came in at ₹1.78.
What is IFGLEXPOR's market capitalisation and P/E ratio?
At the current price of ₹182.96, IFGLEXPOR has a market capitalisation of ₹1,319 crore and a trailing P/E of about 33.7.
Who owns IFGL Refractories Limited? (shareholding pattern)
As of Sep 2026, promoters held 72.43%, foreign institutional investors (FIIs) 0.02%, domestic institutional investors (DIIs) 12.87%, public shareholders 14.67% of IFGL Refractories Limited.
TTM ends 2026-03-31. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI