₹212.63
▼ -6.49 -2.96%
18 Jul 2026
NSE Listed · Refractories
IFGL Refractories Limited (IFGLEXPOR)
Volume: 19,597Avg Vol 1W: 17,179Avg Vol 1M: 1,88,31552W Range:₹119.68₹338
Key Ratios
Checked 7h agoMarket Cap₹1,533 Cr
Current Price₹212.63
Previous Close₹219.12
High / Low (52w)₹338 / ₹119.68
Volume19,597
Avg Vol (1W)17,179
Avg Vol (1M)1,88,315
Stock P/E41.37
Book Value₹163
Dividend Yield99%
ROE315.02%
ROA207.42%
Revenue (TTM)—
Revenue Growth0.83%
Profit Margin183.19%
Total Debt₹47 Cr
Shares Outstanding7 Cr
Face Value₹10
EPS (TTM)₹5.14
P/B1.3
Debt / Equity0.18
50 DMA₹204.51
200 DMA₹177.75
Day change-2.96%
Price Chart
₹212.63▼ 1.33% · 1Y
2025-11-252026-07-17
20-day avg volume: 92K shares
Pros
- Healthy return on equity of 315.0%.
- Pays a dividend yield of 99.0%.
- Company is almost debt-free.
- Revenue grew 14% YoY.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹415 Cr | ₹411 Cr | ₹379 Cr | ₹449 Cr | ₹454 Cr | ₹489 Cr | ₹469 Cr | ₹483 Cr |
| EBITDA | ₹36 Cr | ₹19 Cr | ₹2 Cr | ₹17 Cr | ₹20 Cr | ₹20 Cr | ₹5 Cr | ₹21 Cr |
| Net Profit | ₹25 Cr | ₹12 Cr | ₹-2 Cr | ₹8 Cr | ₹11 Cr | ₹13 Cr | ₹-3 Cr | ₹14 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹955 Cr | ₹928 Cr | ₹1,042 Cr | ₹1,275 Cr | ₹1,400 Cr | ₹1,658 Cr | ₹1,670 Cr | ₹1,904 Cr |
| EBITDA | ₹68 Cr | ₹54 Cr | ₹127 Cr | ₹107 Cr | ₹111 Cr | ₹109 Cr | ₹73 Cr | ₹66 Cr |
| Net Profit | ₹50 Cr | ₹19 Cr | ₹66 Cr | ₹77 Cr | ₹79 Cr | ₹82 Cr | ₹43 Cr | ₹35 Cr |
| EPS | 14 | 5.4 | 18.2 | 21.5 | 21.98 | 22.66 | 5.97 | 4.81 |
Balance Sheet
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹1,024 Cr | ₹1,029 Cr | ₹1,184 Cr | ₹1,286 Cr | ₹1,426 Cr | ₹1,490 Cr | ₹1,619 Cr | ₹1,673 Cr |
| Total Liabilities | ₹230 Cr | ₹220 Cr | ₹293 Cr | ₹352 Cr | ₹421 Cr | ₹418 Cr | ₹511 Cr | ₹498 Cr |
| Equity | ₹795 Cr | ₹809 Cr | ₹890 Cr | ₹934 Cr | ₹1,005 Cr | ₹1,072 Cr | ₹1,107 Cr | ₹1,175 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹125 Cr | ₹150 Cr | ₹159 Cr | ₹30 Cr | ₹35 Cr | ₹175 Cr | ₹55 Cr | ₹90 Cr |
| Investing | ₹-71 Cr | ₹-54 Cr | ₹-106 Cr | ₹-24 Cr | ₹-123 Cr | ₹-117 Cr | ₹-37 Cr | ₹-21 Cr |
| Financing | ₹-37 Cr | ₹-66 Cr | ₹-5 Cr | ₹-7 Cr | ₹50 Cr | ₹-24 Cr | ₹-4 Cr | ₹-58 Cr |
| Free Cash Flow | ₹125 Cr | ₹150 Cr | ₹159 Cr | ₹30 Cr | ₹35 Cr | ₹175 Cr | ₹55 Cr | ₹90 Cr |
Shareholding
Promoter 72.43% Institutions 13.31% Public 14.26%
Efficiency & Working Capital
ROCE4.8%
Interest Coverage4
Dividend Payout—
Debtor Days82 d
Inventory Days79 d
Payable Days45 d
Cash Conversion Cycle116 d
Working Capital Days161 d
Shareholding Details
As of 2026-03-31
Promoter72.4%
FII0%
DII13.3%
Institutions13.3%
Public14.3%
Promoter Pledge0%
No. of Shareholders21,298
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Jul 2025 | Jul 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 72.4% | 72.4% | 72.4% | 72.4% | 72.4% | 72.4% | 72.4% | 72.4% | 72.4% | 72.4% | 72.4% | 72.4% |
| FIIs | 0.4% | 0.3% | 0.2% | 0.2% | 0.1% | 0.1% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 11.7% | 13.5% | 13.8% | 14% | 13.7% | 13.6% | 13.5% | 13.6% | 13.6% | 13.5% | 13.5% | 13.3% |
| Public | 15.5% | 13.8% | 13.6% | 13.4% | 13.7% | 13.8% | 14% | 14% | 14% | 14% | 14% | 14.3% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 21,430 | 18,901 | 18,466 | 18,255 | 19,168 | 18,613 | 19,714 | 21,272 | 21,272 | 21,605 | 21,346 | 21,298 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Bajoria Financial Services Private Limited | Shareholding of Promoter and Promoter Group | 67.3% | 4.85 Cr |
| Hdfc Small Cap Fund | Public Shareholding | 9.1% | 65,49,367 |
| Shishir Kumar Bajoria | Shareholding of Promoter and Promoter Group | 4.1% | 29,63,284 |
| Dsp India T.i.g.e.r. Fund | Public Shareholding | 3% | 21,61,027 |
| Vijaya S | Public Shareholding | 1.8% | 12,81,128 |
| Aditya Birla Sun Life Trustee Private Limited A/c Aditya Birla Sun Life Small Cap | Public Shareholding | 1.1% | 7,73,801 |
| S K Bajoria Huf (shishir Kumar Bajoria) | Shareholding of Promoter and Promoter Group | 0.9% | 6,29,990 |
| Smita Bajoria | Shareholding of Promoter and Promoter Group | 0.1% | 89,226 |
| Mihir Prakash Bajoria | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Vidushi Jain | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Bajoria Enterprises Limited | Shareholding of Promoter and Promoter Group | 0% | 540 |
| Mudita Lifespaces Design Llp | Shareholding of Promoter and Promoter Group | 0% | 0 |
| River Front Realty Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Heritage It Solutions Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Heritage Insurance Brokers Pvt Ltd | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Excellent It Services Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Bajoria Knowledge Pvt Ltd | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Ganges River View Properties Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Cherie Sports Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Heritage Health Insurance Tpa Pvt Ltd | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Bajoria Service Providers Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Essentially Healthy Pvt Ltd | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Bajoria River Front Realty Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Bajoria Real Estate Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Ganges Art Gallery Pvt Ltd | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Shishir Kumar Bajoria | 0 | 0% | 2026-03-31 |
| S K Bajoria Huf (shishir Kumar Bajoria) | 0 | 0% | 2026-03-31 |
| Smita Bajoria | 0 | 0% | 2026-03-31 |
| Mihir Prakash Bajoria | 0 | 0% | 2026-03-31 |
| Vidushi Jain | 0 | 0% | 2026-03-31 |
| Bajoria Financial Services Private Limited | 0 | 0% | 2026-03-31 |
| Bajoria Enterprises Limited | 0 | 0% | 2026-03-31 |
| Mudita Lifespaces Design Llp | 0 | 0% | 2026-03-31 |
| River Front Realty Private Limited | 0 | 0% | 2026-03-31 |
| Heritage It Solutions Private Limited | 0 | 0% | 2026-03-31 |
| Heritage Insurance Brokers Pvt Ltd | 0 | 0% | 2026-03-31 |
| Excellent It Services Private Limited | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Rajesh Agarwal | E D & Wholetime Director | 2025 |
| S K Bajoria | Chairman & Exec. Director | 2025 |
| D K Banerji | Independent Non Exe. Director | 2025 |
| A Gupta | Independent Non Exe. Director | 2025 |
| Sudhamoy Khasnobis | Independent Non Exe. Director | 2025 |
| J L Mcintosh | Executive Director & MD | 2025 |
| D G Rajan | Independent Non Exe. Director | 2025 |
| ARASU SHANMUGAM | Executive Director / Whole Time Director / CEO | 2025 |
| Gaurav Swarup | Independent Non Exe. Director | 2025 |
| Mansi Damani | Company Sec. & Compli. Officer | 2025 |
| Mukesh Harshadrai Rawal | Additional Director | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Manufacture, Trading, Sale of Refra | ₹0 Cr | — |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| Within India | ₹864 Cr | 77.9% |
| Outside India | ₹245 Cr | 22.1% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹10 | 80 | 72 | 72 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-07-29 | Dividend (2.15/- per share) | Final |
| bonus | 2025-07-18 | 1:1 | 1:1 Bonus Issue of Equity Shares |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 89 | 0 | 0 | 11 | 5 | 106 |
| 2025 | 6 | 0 | 0 | 0 | 0 | 6 |
| 2025 | 7 | 0 | 0 | 10 | 4 | 22 |
Insider / Designated-Person Trades
4 recent disclosure(s)
Bajoria Financial Services Private LimitedAcquisition · 4,37,490
Mihir Prakash BajoriaDisposal · 4,37,490
Bajoria Financial Services Pvt LtdAcquisition · 55,90,156
Krosaki Harima CorporationDisposal · 55,90,156
Substantial Acquisitions (SAST)
4 disclosure(s)
Off Market / Inter se transfer03/12/2025 · 4,37,490
Off Market / Inter se transfer03/12/2025 · 4,37,490
-03/12/2025 · 4,37,490
NULL03/12/2025 · 4,37,490
Company Information
Incorporated2007
ChairmanS K Bajoria
AuditorS R Batliboi & Co LLP
Investor Email[email protected]; [email protected]
📍 Sector B Kalunga Indl Estate, PO Kalunga, Sundergarh, Orissa, 770031
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