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Refractory Shapes LimitedREFRACTORYCorporate

Refractories / Intermediates Latest results: Mar 2026 6 quarters of data
Consolidated Standalone
₹30.50
MCap ₹66 Cr · P/E 14.7
Refractory Shapes Limited — Stock analysis & AI research Refractory Shapes Limited — Seasonality — best & worst months Refractory Shapes Limited — Live exchange announcements
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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.
₹23 Cr
Sales · Mar 2026
-35.8% YoY
₹1 Cr
Operating Profit · Mar 2026
-89.3% YoY
2.5%
OPM % · Mar 2026
-83.4% YoY
₹0 Cr
Net Profit · Mar 2026
-99.3% YoY
₹0.01
EPS · Mar 2026
-99.2% YoY

📝 Refractory Shapes Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Refractory Shapes Limited reported revenue of ₹23 crore for the quarter ended March 2026 (Q4 FY26), down 35.8% from ₹35 crore in the same quarter last year.

Net profit fell 99.3% year-on-year to ₹0 crore, from ₹3 crore. Earnings per share (EPS) came in at ₹0.01.

Operating profit stood at ₹1 crore — an operating margin (OPM) of 2.5%, compared with 15.1% in the year-ago quarter.

Full year and trailing twelve months

On a trailing-twelve-month (TTM) basis, revenue stands at ₹57 crore with a net profit of ₹5 crore.

Valuation snapshot

At the current price of ₹30.50, REFRACTORY has a market capitalisation of ₹66 crore and a trailing P/E of about 14.7.

Within the Refractories / Intermediates industry, it is the 6th-largest of the 7 companies we track by market value.

Shareholding pattern

As of Mar 2026, promoters held 72.48%, foreign institutional investors (FIIs) 0.42%, domestic institutional investors (DIIs) 1.37%, public shareholders 25.73% of Refractory Shapes Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹66 Cr
Current Price ?
₹30.5
P/E ?
14.71below ind
Industry P/E ?
26.00
P/B ?
1.34
P/S ?
1.17
P/FCF ?
-316.62
Enterprise Value ?
₹86 Cr
EV/EBITDA ?
10.82
PEG ?
0.41
Earnings Yield ?
6.5%
Dividend Yield ?
0.00%
Profitability & Returns
Sales (TTM) ?
₹57 Cr
OPM ?
14.0%
Profit after tax (TTM) ?
₹5 Cr
EPS (TTM) ?
₹2.07
ROCE ?
10.8%
ROE ?
9.1%
ROA ?
5.9%
Growth
Sales — latest qtr ?
₹23 Cr
PAT — latest qtr ?
₹0 Cr
YoY qtr sales growth ?
-35.8%
YoY qtr profit growth ?
-99.3%
Sales growth (3y) ?
15%
Sales growth (5y) ?
22%
Profit growth (3y) ?
36%
Profit growth (5y) ?
24%
Financial Health
Debt ?
₹20 Cr
Debt to Equity ?
0.40
Interest Coverage ?
N/A
Current Ratio ?
N/A
Ownership
Promoter holding ?
72.48%
Change in promoter holding ?
0.00%
Pledged percentage ?
N/A
Market
Return 3 months ?
11.9%
Return 6 months ?
-33.7%

🗓️ Quarterly results (6 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best
Metric Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026 YoY % QoQ %
Sales 192124353423 -35.8% —
Operating Profit 515571 -89.3% —
Other Income 021001 +225.0% —
Interest 110110 -7.4% —
Depreciation 201111 -9.0% —
Profit Before Tax 324460 -99.2% —
Net Profit 223340 -99.3% —
EPS —1.071.441.332.060.01 -99.2% —
OPM % 27.8% 4.9% 21.2% 15.1% 21.5% 2.5% -83.4% —

📆 Annual results (₹ Cr, FY = Apr–Mar)

Annual rollup not yet available We need at least 3 quarters of a fiscal year to compute annual figures. This symbol does not yet have a complete fiscal year in our database.

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 0.1015.8021.8021.80 +0.0%
Reserves 16.174.5023.1527.67 +19.5%
Borrowings 20.3223.5217.0619.84 +16.3%
Other Liabilities 12.137.447.136.78 -4.9%
Total Liabilities 48.7251.2669.1476.09 +10.1%
Fixed Assets 18.9319.0526.7325.98 -2.8%
CWIP 0.000.000.000.00 —
Investments 5.835.835.835.83 +0.0%
Other Assets 23.9626.3836.5844.28 +21.0%
Total Assets 48.7251.2669.1476.09 +10.1%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 4.14-2.541.061.44 +35.8%
Cash from Investing Activity -6.83-1.82-10.49-1.33 +87.3%
Cash from Financing Activity 0.893.1810.142.79 -72.5%
Net Cash Flow -1.79-1.180.712.90 +308.5%
Free Cash Flow -2.91-4.90-9.06-0.21 +97.7%
CFO/OP 127%-36%33%40% +21.2%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 73.7362.8778.8873.40 -6.9%
Inventory Days 142.54276.35197.72258.69 +30.8%
Days Payable 181.83113.2163.5959.87 -5.8%
Cash Conversion Cycle 34.43226.00213.01272.22 +27.8%
Working Capital Days -15.8630.39114.06125.87 +10.4%
ROCE % 10.65%17.16%16.82%10.83% -35.6%

👥 Shareholding (latest 4 periods)

Metric Sep 2024Mar 2025Sep 2025Mar 2026 % Chg
Promoters 72.48%72.48%72.48%72.48% +0.0%
FIIs 0.28%0.65%0.65%0.42% -35.4%
DIIs 2.48%2.33%2.33%1.37% -41.2%
Public 24.77%24.55%24.55%25.73% +4.8%
No. of Shareholders 560722784776 -1.0%

⚖️ 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 Refractory Shapes Limited's revenue in Q4 FY26?
Refractory Shapes Limited reported revenue of ₹23 crore for the quarter ended March 2026 (Q4 FY26), down 35.8% from ₹35 crore in the same quarter last year.
What was Refractory Shapes Limited's net profit in Q4 FY26?
Net profit fell 99.3% year-on-year to ₹0 crore, from ₹3 crore. Earnings per share (EPS) came in at ₹0.01.
What is REFRACTORY's market capitalisation and P/E ratio?
At the current price of ₹30.50, REFRACTORY has a market capitalisation of ₹66 crore and a trailing P/E of about 14.7.
Who owns Refractory Shapes Limited? (shareholding pattern)
As of Mar 2026, promoters held 72.48%, foreign institutional investors (FIIs) 0.42%, domestic institutional investors (DIIs) 1.37%, public shareholders 25.73% of Refractory Shapes 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