Refractory Shapes Ltd (REFRACTORY) — shareholding pattern, promoter holding, financials and share price
About Refractory Shapes Ltd (REFRACTORY)
Refractory Shapes Ltd operates in the Electrodes & Refractories industry, within the Capital Goods sector. It trades on the NSE as REFRACTORY and on the BSE under scrip code 92838. Its ISIN is INE0TNX01015.
Incorporated in 1996, Refractory Shapes Ltd manufactures and trades special shapes, custom-made refractory shapes, and alumina balls [1]
Refractory Shapes Ltd specializes in manufacturing various refractory products like bricks, castables, and high alumina catalysts for critical industries such as steel, refineries, and petrochemicals.
Initially established in 1973 as a proprietorship, the company transitioned to a public limited entity in 2024, reflecting its growth trajectory and strategic aspirations.
Listed peers in Electrodes & Refractories: Orient Ceratech Ltd, DE Nora India Ltd, Panasonic Carbon India Company Ltd, Royal Arc Electrodes Ltd, Classic Electrodes (India) Ltd, Nilachal Refractories Ltd.
Valuation & Returns
10 Jul 2026At ₹27.1 a share on 10 Jul 2026, Refractory Shapes Ltd (REFRACTORY) was valued at a price-to-earnings ratio of 12.33x against an industry P/E of 37x and a price-to-book of 1.17x on a book value of ₹23.16 per share. Solomo computes return on equity of 9.49% and return on capital employed of 10.12% from filed results.
- P/E
- 12.33x
- Industry P/E
- 37x
- P/B
- 1.17x
- EPS (TTM)
- ₹2.87
- Book value / share
- ₹23.16
- ROE
- 9.49%
- ROCE
- 10.12%
- ROA
- 5.86%
- Debt / equity
- 0.39x
- Dividend yield
- 0%
- EBITDA margin
- 16.67%
- 52-week range
- ₹26.9 – ₹66
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Refractory Shapes Ltd (REFRACTORY) reported revenue of ₹57.04 crore, net profit of ₹4.79 crore and earnings per share of ₹2.2. That compares with revenue of ₹58.69 crore and net profit of ₹6.05 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹22.61 crore and net profit ₹0.15 crore (consolidated).
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Revenue (₹ cr) | 37.97 | 40.36 | 58.69 | 57.04 |
| Net profit (₹ cr) | 1.92 | 4.16 | 6.05 | 4.79 |
| EPS (₹) | - | 2.63 | 2.78 | 2.2 |
| Measure | 3Y | 1Y |
|---|---|---|
| Sales growth | 32.09% | 44.93% |
| Profit growth | 28.21% | 45.43% |
| Stock price CAGR | - | -50% |
Ownership Summary
Mar 2026As of Mar 2026, promoters hold 72.48% of Refractory Shapes Ltd (REFRACTORY). Market capitalisation was ₹59 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2024.
Largest disclosed public shareholders in Mar 2026: JINENDRA KUMAR JAIN 2.71%, NEXT ORBIT VENTURES FUND 1.37%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Mar 2026 | 72.48% | - | - | - | - |
| Sep 2025 | 72.48% | - | - | - | - |
| Mar 2025 | 72.48% | - | - | - | - |
| Sep 2024 | 72.48% | - | - | - | - |