Debut Plus

₹28.65

▲ +1.3 +4.75%

17 Jul 2026

NSE Listed

Refractory Shapes Limited (REFRACTORY)

Volume: 15,000Avg Vol 1W: 18,400Avg Vol 1M: 9,15052W Range:₹25.25₹66
NSE BSE www.refshape.com
Key Ratios
Checked just now
Market Cap₹62 Cr
Current Price₹28.65
Previous Close₹27.35
High / Low (52w)₹66 / ₹25.25
Volume15,000
Avg Vol (1W)18,400
Avg Vol (1M)9,150
Stock P/E47.75
Book Value₹22.69
Dividend Yield0%
ROE9.15%
ROA—
Revenue (TTM)₹60 Cr
Revenue Growth44.9%
Profit Margin0%
Total Debt₹10 Cr
Shares Outstanding2 Cr
Face Value—
EPS (TTM)₹2.08
P/B1.26
Debt / Equity0.61
50 DMA₹32.23
200 DMA₹42.51
Day change+4.75%
Price Chart
₹28.65▼ 49.60% · 1Y
₹64₹261.1L
2025-07-17
2026-07-16

20-day avg volume: 9K shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 17% YoY.
Profit & Loss (Annual)
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹22 Cr₹26 Cr₹39 Cr₹43 Cr₹60 Cr
EBITDA₹3 Cr₹4 Cr₹4 Cr₹7 Cr₹9 Cr
Net Profit₹2 Cr₹3 Cr₹2 Cr₹4 Cr₹6 Cr
EPS0.991.821,917.792.632.87
Balance Sheet
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹27 Cr₹37 Cr₹49 Cr₹52 Cr₹70 Cr
Total Liabilities₹15 Cr₹22 Cr₹32 Cr₹31 Cr₹24 Cr
Equity₹12 Cr₹15 Cr₹17 Cr₹21 Cr₹46 Cr
Total Debt₹9 Cr₹11 Cr———
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹6 Cr₹8 Cr₹6 Cr₹-1 Cr₹4 Cr
Investing₹0 Cr₹-12 Cr₹-7 Cr₹-2 Cr₹-10 Cr
Financing₹-5 Cr₹3 Cr₹1 Cr₹3 Cr₹10 Cr
Free Cash Flow₹6 Cr₹8 Cr₹6 Cr₹-1 Cr₹4 Cr
Shareholding
Promoter 72.48% Institutions 1.79% Public 25.73%
Efficiency & Working Capital
ROCE10.3%
Interest Coverage10.8
Dividend Payout—
Debtor Days79 d
Inventory Days104 d
Payable Days33 d
Cash Conversion Cycle149 d
Working Capital Days183 d
Shareholding Details

As of 2026-03-31

Promoter72.5%
FII0.4%
DII1.4%
Institutions1.8%
Public25.7%
Promoter Pledge0%
No. of Shareholders776
Shareholding Pattern

Quarterly — figures in %. Latest 9 quarters.

PeriodFeb 2024Feb 2024Mar 2024May 2024May 2024Sept 2024Mar 2025Sept 2025Mar 2026
Promoters100%100%100%72.5%72.5%72.5%72.5%72.5%72.5%
FIIs0%0%0%6.1%6.1%0.3%0.7%0.7%0.4%
DIIs0%0%0%5.5%0.3%0%0%0%1.4%
Public0%0%0%16%21.2%27.2%26.9%26.9%25.7%
Promoter Pledge0%0%0%0%0%0%0%0%0%
No. of Shareholders777745745560722784776
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Dayashankar Krishna ShettyShareholding of Promoter and Promoter Group24.6%53,72,000
Pratibha Dayashankar ShettyShareholding of Promoter and Promoter Group23.9%52,13,996
Prajna Shravan ShettyShareholding of Promoter and Promoter Group23.9%52,13,996
Jinendra Kumar JainPublic Shareholding2.7%5,90,000
Next Orbit Ventures FundPublic Shareholding1.4%2,98,000
Praday Dayashankar ShettyShareholding of Promoter and Promoter Group0%2
Yogishwar Bola KrishnaShareholding of Promoter and Promoter Group0%2
Shravan Sadanand ShettyShareholding of Promoter and Promoter Group0%2
Suraj Sadanand ShettyShareholding of Promoter and Promoter Group0%2
Sarojini Rajeev HegdeShareholding of Promoter and Promoter Group0%0
Shobha Sadanand ShettyShareholding of Promoter and Promoter Group0%0
B Kishore ShettyShareholding of Promoter and Promoter Group0%0
Satish HegdeShareholding of Promoter and Promoter Group0%0
Vishalakshi AdyanthayaShareholding of Promoter and Promoter Group0%0
Meenakshi D PunjaShareholding of Promoter and Promoter Group0%0
Asha R ShettyShareholding of Promoter and Promoter Group0%0
Shibani Prakashchandra ShettyShareholding of Promoter and Promoter Group0%0
Rishik ShettyShareholding of Promoter and Promoter Group0%0
Rhea Shravan ShettyShareholding of Promoter and Promoter Group0%0
Radhakrishna ShettyShareholding of Promoter and Promoter Group0%0
Usha Radhakrishna ShettyShareholding of Promoter and Promoter Group0%0
Bhavya ShettyShareholding of Promoter and Promoter Group0%0
Kavitha B ShettyShareholding of Promoter and Promoter Group0%0
Divya ShettyShareholding of Promoter and Promoter Group0%0
Suresh Hegde KandavarShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Praday Dayashankar Shetty00%2026-03-31
Pratibha Dayashankar Shetty00%2026-03-31
Dayashankar Krishna Shetty00%2026-03-31
Yogishwar Bola Krishna00%2026-03-31
Shravan Sadanand Shetty00%2026-03-31
Prajna Shravan Shetty00%2026-03-31
Suraj Sadanand Shetty00%2026-03-31
Sarojini Rajeev Hegde00%2026-03-31
Shobha Sadanand Shetty00%2026-03-31
B Kishore Shetty00%2026-03-31
Satish Hegde00%2026-03-31
Vishalakshi Adyanthaya00%2026-03-31
Board of Directors
NameDesignationYear
M JothiprakashWhole-time Director2024
Siddharth KumarIndependent Director2024
Abhay Yatin NaikIndependent Director2024
Kemmannu Shashidhara RaoIndependent Director2024
Dhananjay Mayur DaveIndependent Director2024
Ravindra Venkatesh HulyalkarIndependent Director2024
Neelam MandawatCompany Sec. & Compli. Officer2024
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10252222
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025012064159
2025010103
2025010054157
Company Information
Incorporated1996
AuditorSuvarna & Katdare
Investor Email[email protected]
🌐 www.refshape.com ↗

📍 B 201 Rustomjee Central Park, Chakala A.Kurla Road Andheri E, Mumbai, Maharashtra, 400069

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