IFGL Refractories Ltd (IFGLEXPOR) — shareholding pattern, promoter holding, financials and share price
About IFGL Refractories Ltd (IFGLEXPOR)
IFGL Refractories Ltd operates in the Electrodes & Refractories industry, within the Capital Goods sector. It trades on the NSE as IFGLEXPOR and on the BSE under scrip code 540774. Its ISIN is INE133Y01011.
IFGL Refractories Ltd is a manufacturer of Specialized refractories and requisite operating systems for Iron and Steel Industry. [1] It is promoted by the S.K. Bajoria Group of India and Krosaki Harima Corporation of Japan, a global leader in the refractories business. [2]
IFGL Refractories Limited manufactures specialised refractories, flow‑control systems and ceramic solutions serving iron and steel, foundry and non‑ferrous industries across 50+ countries, operating ten production facilities in Asia, Europe and North America with a workforce of around 3,000 employees and multiple subsidiaries including Monocon, EI Ceramics and Hofmann Ceramic.
Q3FY26 consolidated revenue grew 23% year‑on‑year to Rs.470.5 crore driven by strong domestic volumes and double‑digit growth in US and Europe, while standalone revenue rose 16% to Rs.272 crore; however margins compressed due to product mix shifts, higher employee costs and a one‑off labour code exceptional charge of ~Rs.4.8 crore.
Listed peers in Electrodes & Refractories: Monolithisch India Ltd, Foseco Crucible (India) Ltd, Orient Ceratech Ltd, DE Nora India Ltd, Panasonic Carbon India Company Ltd, Royal Arc Electrodes Ltd.
Valuation & Returns
10 Jul 2026At ₹231.1 a share on 10 Jul 2026, IFGL Refractories Ltd (IFGLEXPOR) was valued at a price-to-earnings ratio of 48x and a price-to-book of 1.5x on a book value of ₹153.58 per share as of Mar 2025. Solomo computes return on equity of 3.13% and return on capital employed of 4.62% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 48x
- P/B
- 1.5x
- EPS (TTM)
- ₹4.81
- Book value / share
- ₹153.58
- ROE
- 3.13%
- ROCE
- 4.62%
- ROA
- 2.14%
- Debt / equity
- 0.19x
- Dividend yield
- 1.51%
- EBITDA margin
- 7.42%
- 52-week range
- ₹120.1 – ₹339.5
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, IFGL Refractories Ltd (IFGLEXPOR) reported revenue of ₹1,894 crore, net profit of ₹35 crore and earnings per share of ₹4.81. That compares with revenue of ₹1,653 crore and net profit of ₹43 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹483 crore and net profit ₹14 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 1,260 | 1,386 | 1,639 | 1,653 | 1,894 |
| Net profit (₹ cr) | 77 | 79 | 82 | 43 | 35 |
| EPS (₹) | 10.75 | 10.99 | 11.33 | 5.96 | 4.81 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 40.58% | 14.88% | 8.21% | 0.83% |
| Profit growth | 27.32% | 14.14% | -3.05% | -47.37% |
| Stock price CAGR | - | 2% | 5% | -23% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 72.43% of IFGL Refractories Ltd (IFGLEXPOR) (unchanged from the previous quarter), foreign institutional investors (FII) hold 0.03% and domestic institutional investors (DII) hold 13.01%. Market capitalisation was ₹1,666 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Dec 2017.
Largest disclosed public shareholders in Jun 2026: HDFC SMALL CAP FUND 9.09%, DSP INDIA T.I.G.E.R. FUND 3%, VIJAYA S 1.78%, INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRS 1.72%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 72.43% | - | 0.03% | 13.01% | 27.57% |
| Mar 2026 | 72.43% | - | 0.03% | 13.27% | 27.57% |
| Dec 2025 | 72.43% | - | 0.04% | 13.51% | 27.57% |
| Sep 2025 | 72.43% | - | 0.03% | 13.52% | 27.57% |
| Jun 2025 | 72.43% | - | 0.04% | 13.55% | 27.57% |
| Mar 2025 | 72.43% | - | 0.12% | 13.63% | 27.57% |
| Dec 2024 | 72.43% | - | 0.14% | 13.72% | 27.57% |
| Sep 2024 | 72.43% | - | 0.18% | 14% | 27.57% |