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IFGL Refractories Limited (IFGLEXPOR.NS)

INR221.79 +6.93 (+3.23%)
IN NSE Basic Materials Construction Materials
Address Mcleod House 700001
Kolkata, IN
CEO Manoj Rakhecha
IPO 2004-01-08
ISIN INE133Y01011

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Also trades on Bombay Stock Exchange · IFGLEXPOR.BO (INR) National Stock Exchange of India · IFGLEXPOR.NS (INR)
Description

IFGL Refractories Limited primarily focuses on the manufacturing, trading, and distribution of essential refractory products, alongside related equipment and accessories. These critical materials are predominantly utilized in steel production facilities, serving markets both domestically in India and internationally. The company's extensive offerings include specialized refractories such as isostatic and slide gate varieties, complete tube changer and purging systems with their refractory components, and a range of cast products and monolithic solutions. Furthermore, IFGL supplies zircon and zirconia nozzles, spray machinery, robotic gunning systems, slag control darts and associated equipment, foundry ceramics, wire guides, and heating ovens. Originally known as IFGL Exports Limited, the company rebranded to its current name, IFGL Refractories Limited, in October 2017. Established in 2007, its corporate headquarters are located in Kolkata, India. The company functions as a subsidiary under Bajoria Financial Services Private Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR221.79 +6.93 (+3.23%)
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Volume Profile
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Liquidity & share structure
Average Volume
70.2K
Beta
0.96
Float Shares
17.20M
Free Float %
23.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.02% -0.19% -8.80% +3.18% -18.62% -15.35% -32.42% +20.29% -0.41% +204.78% +1,533.98%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
221.79
DCF (Unlevered) 66.71 -69.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-06 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.19
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
D+
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Construction Materials: +2.8%
    +13.4% Q1'26: +6.8% (vs Q1'25)
  • EPS growth Construction Materials: +14.1%
    -19.3% Q1'26: +69.2% (vs Q1'25)
  • FCF margin FCF growth · Construction Materials: +32.9%
    0.0% Q1'26: -4.2% (vs Q1'25)
  • EBIT margin Construction Materials: +9.5%
    +3.0% Q1'26: +3.8% (vs Q1'25)
  • ROIC Construction Materials: +5.1%
    +3.4% Q1'26: +4.9% (vs Q1'25)
  • Share dilution Construction Materials: +0.0%
    +0.1% Q1'26: +0.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Construction Materials: 0.56×
    1.53× Q1'26: 1.34× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.06) × ERP
WACC = 86% × Ke + 14% × Kd (7.6%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 221.79
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
9.40B
est: 9.34B (+0.6%)
8.99B
est: 9.28B (-3.1%)
10.08B
est: 10.45B (-3.6%)
12.39B
est: 12.18B (+1.8%)
13.72B
est: 14.06B (-2.4%)
16.31B
est: 16.77B (-2.7%)
16.70B
est: 16.49B (+1.3%)
18.87B
18.87B – 18.87B
+14.4% YoY
22.35B
22.35B – 22.35B
+18.4% YoY
26.48B
26.48B – 26.48B
+18.5% YoY
EBITDA
1.14B
est: 1.27B (-10.7%)
819.23M
est: 1.17B (-30.3%)
1.76B
est: 793.56M (+121.6%)
1.58B
est: 1.50B (+5.5%)
1.66B
est: 906.30M (+83.3%)
1.73B
est: 2.07B (-16.3%)
1.46B
est: 2.03B (-28.2%)
2.33B
2.33B – 2.33B
+14.4% YoY
2.76B
2.76B – 2.76B
+18.4% YoY
3.27B
3.27B – 3.27B
+18.5% YoY
EBIT
677.38M
est: 606.20M (+11.7%)
335.80M
est: 592.10M (-43.3%)
1.27B
est: 236.01M (+439.3%)
1.07B
est: 984.19M (+9.1%)
1.11B
est: 269.54M (+310.1%)
1.09B
est: 1.35B (-19.7%)
732.90M
est: 1.33B (-45.0%)
1.52B
1.52B – 1.52B
+14.4% YoY
1.81B
1.81B – 1.81B
+18.4% YoY
2.14B
2.14B – 2.14B
+18.5% YoY
Net Income
504.60M
est: 529.74M (-4.7%)
194.57M
est: 522.45M (-62.8%)
655.91M
est: 199.62M (+228.6%)
774.81M
est: 800.07M (-3.2%)
792.06M
est: 227.98M (+247.4%)
816.74M
est: 1.41B (-42.2%)
429.80M
est: 515.36M (-16.6%)
464.91M
464.91M – 464.91M
-9.8% YoY
591.04M
591.04M – 591.04M
+27.1% YoY
771.24M
771.24M – 771.24M
+30.5% YoY
SGA
306.10M
est: 3.20B (-90.4%)
286.67M
est: 3.37B (-91.5%)
1.55B
est: 3.38B (-54.2%)
423.44M
est: 636.65M (-33.5%)
385.68M
est: 3.87B (-90.0%)
375.03M
est: 876.48M (-57.2%)
371.58M
est: 861.84M (-56.9%)
986.37M
986.37M – 986.37M
+14.4% YoY
1.17B
1.17B – 1.17B
+18.4% YoY
1.38B
1.38B – 1.38B
+18.5% YoY
EPS
7.00
est: 6.95 (+0.7%)
2.70
est: 12.20 (-77.9%)
18.20
est: 20.05 (-9.2%)
10.75
est: 11.10 (-3.2%)
10.99
est: 11.40 (-3.6%)
11.33
est: 19.60 (-42.2%)
5.96
est: 7.15 (-16.6%)
6.45
6.45 – 6.45
-9.8% YoY
8.20
8.20 – 8.20
+27.1% YoY
10.70
10.70 – 10.70
+30.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-01 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-29 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-26 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-25 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-19 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
233.41M
OE per share TTM
3.64
Owner's Yield
1.84%
Maintenance CapEx ratio
76.66%
Maint CapEx / Avg PPE
23.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
573.3K
Shares Outstanding
72.08M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Shishir Kumar Bajoria Executive Chairman 31M male
Arasu Shanmugam Chief Executive Officer India & Whole-Time Director 20M male
Rajesh Agarwal General Counsel & Executive Director 19M male
Amit Agarwal Chief Financial Officer 5M male
Mansi Damani Company Secretary & Compliance Officer 4M female
Manoranjan Beura Chief Sales Officer male
Mihir Prakash Bajoria MD & Non-Executive Non-Independent Director male
Mukesh Rawal President of Mono Ceramics Inc & Head of IFGL Group Americas
Narendra Kumar Mishra Chief Research Officer
Hirdesh Sehgal Chief Operating Officer male
S. Chandra Vice President of Domestic Marketing
S. Mattoo Vice President of International Business
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits