IFGL Refractories Limited

BSE: IFGLEXPOR540774ISIN INE133Y01011

Industrials
Electrodes & Refractories
BSE Industrials

BSE listing

Share price

₹195.70-1.35 (-0.69%)

as of 18 Sep 2026

52W high: ₹339.50
52W low: ₹120.10
Off 52W high: -42.36%
1M return: -11.47%
3M return: +1.22%
6M return: +35.43%
1Y return: -20.11%
20D avg volume: 2,873
50 DMA: ₹211.27
200 DMA: ₹190.07

Key ratios Consolidated

Market cap: ₹1,411 Cr
Current price: ₹195.70
52W high / low: ₹339.50 / ₹120.10
Face value: ₹10.00
P/E: 34.45
P/B: —
EPS (TTM): ₹5.68
Book value / share: —
ROE: —
ROCE: 4.90%
Operating margin: —
Net margin: —
Debt / equity: 0.17
Net debt: ₹142.88 Cr
Interest cover: 3.85
Dividend yield: 1.10%
Dividend / share (TTM): ₹2.15
Payout: 37.85%
Cash conversion cycle: 116.5 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	512.37	482.97	468.64	488.63	454.01	448.53	—
	2.71	2.91	1.87	2.01	3.00	3.68	—
	491.94	468.46	469.43	473.94	441.84	439.42	—
	269.62	227.18	229.75	248.07	213.83	206.03	—
	8.73	22.33	16.18	22.12	25.31	12.44	—
	84.48	77.24	87.52	83.26	76.53	76.35	—
	2.93	3.77	3.88	3.55	4.63	4.16	—
	13.64	20.65	19.99	19.75	19.20	19.96	—
	120.72	111.29	113.87	115.34	104.07	108.31	—
	23.14	17.42	1.08	16.70	15.17	12.79	—
	0.00	-0.41	-4.82	0.00	0.00	0.00	—
	23.14	17.01	-3.74	16.70	15.17	12.79	—
	6.08	2.73	-0.66	4.01	4.36	4.36	—
	17.06	14.28	-3.08	12.69	10.81	8.43	—
	2.37	1.98	-0.43	1.76	1.50	2.34	—
Key metrics
	39.71	41.43	20.13	40.00	39.00	36.91	—
	7.80%	8.60%	4.30%	8.20%	8.60%	8.20%	—
	3.30%	3.00%	-0.70%	2.60%	2.40%	1.90%	—
	—	1.70%	—	1.70%	—	1.40%	—
	12.90%	7.70%	—	—	—	—	—
	57.80%	69.40%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	1,953	1,894	1,653	—
	9.50	9.79	17.41	—
	1,904	1,854	1,611	—
	974.62	918.83	777.72	—
	69.36	85.94	67.18	—
	332.50	324.55	281.18	—
	14.13	15.83	13.75	—
	74.03	79.59	72.74	—
	461.22	444.57	416.15	—
	58.34	50.37	59.54	—
	-5.23	-5.23	0.00	—
	53.11	45.14	59.54	—
	12.16	10.44	16.56	—
	40.95	34.70	42.98	—
	5.68	4.81	11.93	—
Key metrics
	141.27	140.56	146.03	—
	7.23%	7.40%	8.80%	—
	2.10%	1.80%	2.60%	—
	—	4.90%	6.10%	—
	—	14.60%	—	—
	—	-19.30%	—	—
	—	-0.35	-44.64	—
	—	1.83	0.66	—
	—	0.17	0.18	—
	—	142.88	141.83	—
	—	116.5	116.7	—
Balance sheet
	—	1,673	1,618	—
	—	988.68	951.12	—
	—	52.74	60.52	—
	—	425.07	359.38	—
	—	411.37	404.71	—
	—	28.30	26.71	—
	—	417.73	404.00	—
	—	232.03	235.84	—
	—	422.73	416.42	—
	—	195.62	202.35	—
	—	163.02	155.41	—
	—	32.60	46.94	—
	—	1,175	1,107	—
Cash flow
	—	63.38	28.28	—
	—	-20.55	-37.16	—
	—	-57.77	-3.84	—
	—	63.73	72.92	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	296.58	276.39	270.76	286.79	275.47	269.73	—
	2.14	1.14	1.63	1.58	2.77	3.26	—
	277.70	262.70	272.32	268.40	258.71	250.96	—
	171.68	139.66	141.10	152.95	139.73	141.10	—
	1.31	11.91	8.52	18.35	14.55	3.05	—
	28.70	23.36	35.00	28.23	28.02	25.44	—
	2.23	2.82	3.09	2.86	3.90	3.44	—
	8.10	15.16	14.67	14.55	14.24	15.00	—
	68.34	63.37	68.05	64.72	64.21	62.93	—
	21.02	14.83	0.07	19.97	19.53	22.03	—
	0.00	-0.41	-4.82	0.00	0.00	0.00	—
	21.02	14.42	-4.75	19.97	19.53	22.03	—
	5.24	1.62	-1.19	5.11	4.79	5.12	—
	15.78	12.80	-3.56	14.86	14.74	16.91	—
	2.19	1.78	-0.50	2.06	2.05	4.69	—
Key metrics
	31.35	32.40	13.01	37.38	37.67	40.47	—
	10.60%	11.70%	4.80%	13.00%	13.70%	15.00%	—
	5.30%	4.60%	-1.30%	5.20%	5.40%	6.30%	—
	—	2.30%	—	3.00%	—	3.40%	—
	7.70%	2.50%	—	—	—	—	—
	7.10%	-24.30%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	1,131	1,109	997.63	—
	6.49	7.12	16.23	—
	1,081	1,062	939.31	—
	605.39	573.44	509.27	—
	40.09	53.33	37.45	—
	115.29	114.61	98.24	—
	11.00	12.67	11.77	—
	52.48	58.62	54.07	—
	264.48	260.35	252.92	—
	55.89	54.40	74.55	—
	-5.23	-5.23	0.00	—
	50.66	49.17	74.55	—
	10.78	10.33	16.95	—
	39.88	38.84	57.60	—
	5.53	5.39	15.98	—
Key metrics
	114.14	120.46	140.39	—
	10.10%	10.90%	14.10%	—
	3.53%	3.50%	5.80%	—
	—	8.30%	11.40%	—
	—	11.20%	—	—
	—	-32.60%	—	—
	—	11.79	-28.80	—
	—	1.32	0.42	—
	—	0.18	0.21	—
	—	127.55	142.27	—
	—	130.2	126.7	—
Balance sheet
	—	1,013	1,032	—
	—	618.12	608.68	—
	—	0.54	0.13	—
	—	266.58	223.85	—
	—	259.06	266.76	—
	—	21.84	18.76	—
	—	262.11	266.66	—
	—	129.69	144.27	—
	—	263.13	277.40	—
	—	128.09	142.40	—
	—	107.91	109.60	—
	—	20.18	32.80	—
	—	708.00	693.94	—
Cash flow
	—	51.27	24.39	—
	—	3.42	-20.29	—
	—	-54.28	-4.07	—
	—	39.48	53.19	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 72.42%

Holder	Type	Holding	Previous	Change
BAJORIA FINANCIAL SERVICES PRIVATE LIMITED	Promoter Group	67.32%	—	—
HDFC SMALL CAP FUND	Public	9.09%	—	—
SHISHIR KUMAR BAJORIA	Promoter	4.11%	—	—
DSP INDIA T.I.G.E.R. FUND	Public	3.00%	—	—
VIJAYA S	Public	1.78%	—	—
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRS	Public	1.72%	—	—
S K BAJORIA HUF (SHISHIR KUMAR BAJORIA)	Promoter Group	0.87%	—	—
SMITA BAJORIA	Promoter Group	0.12%	—	—
HERITAGE IT SOLUTIONS PRIVATE LIMITED	Promoter Group	0.00%	—	—
BAJORIA REAL ESTATE PRIVATE LIMITED	Promoter Group	0.00%	—	—
BAJORIA KNOWLEDGE PVT LTD	Promoter Group	0.00%	—	—
EXCELLENT IT SERVICES PRIVATE LIMITED	Promoter Group	0.00%	—	—
HERITAGE INSURANCE BROKERS PVT LTD	Promoter Group	0.00%	—	—
HERITAGE HEALTH INSURANCE TPA PVT LTD	Promoter Group	0.00%	—	—
BAJORIA SERVICE PROVIDERS PRIVATE LIMITED	Promoter Group	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Pursuant to Regulation 30 read with sub-para 12 of Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, ....14 Sep 2026 · Company Update / Newspaper Publication
Following provisions of Section 201(2) of the Companies Act, 2013, the Company has published Notice in English Newspaper, Business Standard - Bhubaneswar Edition and Pratidin - Odia Newspaper ....11 Sep 2026 · Company Update / Newspaper Publication
Please find enclosed herewith copies of Notice published in newspapers Business Standard - All Editions and Pratidin - Odiya Newspaper on Wednesday, 9th September, 2026 pursuant to provisions ....9 Sep 2026 · Company Update / Newspaper Publication
Please find enclosed herewith Postal Ballot Notice dated 5th September, 2026 (hereon 'Notice') issued by the Company for approval of the Members by passing of Special Resolution through ....8 Sep 2026 · AGM/EGM / Postal Ballot
All concerned are hereby informed that IFGL Refractories Limited (hereon the Company) has received a communication from Crisil ESG Ratings & Analytics Limited (hereon 'Crisil') stating ....29 Aug 2026 · Company Update / General
Kindly be informed that TÜV NORD CERT GmbH has certified that the Company operates Management System in accordance with the requirements of ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 ....27 Aug 2026 · Company Update / General
Please be informed that Rating Agency, ICRA Limited (ICRA) by an e-mail dated 19th August, 2026, inter alia informed the following ratings to the Company. Aforesaid disclosure is being ....19 Aug 2026 · Company Update / Credit Rating
Further to our letter dated 11th August, 2026 please find enclosed herewith Transcript of Earnings Conference Call on 1QFY27, held on Tuesday, 11th August, 2026. A copy of this is also ....17 Aug 2026 · Company Update / Earnings Call Transcript
Pursuant to Regulation 30 read with Clause 7 of Para A of Part A of Schedule III of the SEBI LODR, 2015, and further to our letters dated 22nd April, 2026 and 8th August, 2026 kindly be ....16 Aug 2026 · Company Update / Change in Management
Further to our letter dated 6th August, 2026, please be informed that 1QFY27 Earnings Conference Call organized by Monarch Networth Capital was held today at 5.30 PM IST. Audio Recording ....11 Aug 2026 · Company Update / Analyst / Investor Meet
In compliance of above, please find enclosed herewith copy of an Investors Presentation on Q1/FY2026-27 Unaudited Financial Results. Copy of this is being hosted on Company's Website: https://ifglgroup.com/ ....10 Aug 2026 · Company Update / Investor Presentation
Pursuant to Regulation 47 of SEBI (LODR) Regulations, 2015, please find enclosed herewith Newspaper Advertisements published in newspapers, Business Standard - All Editions and Pratidin ....10 Aug 2026 · Company Update / Newspaper Publication
Please be informed that following recommendation of Nomination and Remuneration Committee, the Board of Directors of the Company in their Meeting held today appointed Mr Mukesh Harshadrai ....8 Aug 2026 · Company Update / Change in Management
Further to our letter dated, 30th July, 2026, please be informed that the Board of Directors of the Company in their Meeting held to-day have approved and taken on record Unaudited Financial ....8 Aug 2026 · Result / Financial Results
Further to our letter dated, 30th July, 2026, please be informed that the Board of Directors of the Company in their Meeting held to-day have approved and taken on record Unaudited Financial ....8 Aug 2026 · Board Meeting / Outcome of Board Meeting
Pursuant to Regulation 30 read with sub-para 15 of Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, ....6 Aug 2026 · Company Update / Analyst / Investor Meet
Kindly be informed that 19th Annual General Meeting (AGM) of the Company was held today i.e. Wednesday, 5th August, 2026 at 11 AM through Video Conferencing (VC)/Other Audio Visual Means ....5 Aug 2026 · AGM/EGM / AGM
Kindly be informed that at 19th Annual General Meeting of the members of the Company held on Wednesday, 5th August, 2026, payment of Final Dividend @ 21.5% i.e Rs 2.15 per Equity Share, ....5 Aug 2026 · Corp Action / Dividend Updates
In compliance with Disclosure under Regulation 44(3) of the SEBI (LODR) Regulations, 2015, please find enclosed herewith the following relating to 19th Annual General Meeting of the Company ....5 Aug 2026 · AGM/EGM / AGM
IFGL Refractories Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/08/2026 ,inter alia, to consider and approve Unaudited financial results ....30 Jul 2026 · Board Meeting / Board Meeting
Pursuant to Regulation 30 read with sub-para 12 of Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, ....24 Jul 2026 · Company Update / Newspaper Publication
Further to our letter dated 16th June, 2026 in relation to above Postal Ballot Notice, please find enclosed herewith the following. 1.E-Voting Results pursuant to Regulation 44(3) of SEBI ....17 Jul 2026 · AGM/EGM / Postal Ballot
Please find enclosed herewith copies of Notice published, in terms of provisions of Section 108 of Companies Act, 2013 read with Rule 20 of Companies (Management and Administration) Rules, ....16 Jul 2026 · Company Update / Newspaper Publication
Pursuant to Regulation 30 read with Clause 7 of Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, ....15 Jul 2026 · Company Update / Change in Management
Please find enclosed herewith confirmation of compliance of Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended 30th June, 2026 received ....15 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Pursuant to Regulations 30 and 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed soft copy of Company's Annual Report for Financial ....14 Jul 2026 · AGM/EGM / AGM
Pursuant to Regulations 30 and 34(1) of SEBI (LODR) Regulations, 2015, please find enclosed soft copy of Company's Annual Report for Financial Year 2025-26 along with Notice relating to ....14 Jul 2026 · Others / Reg. 34 (1) Annual Report
Please be informed that a Subsidiary of the Company named IFGL Monocon Saudi Company Limited has been incorporated in Saudi Arabia on 11th July, 2026. Brief details thereof as required ....13 Jul 2026 · Company Update / General
Please find enclosed herewith copies of Notice published in Newspapers, Business Standard - All Editions and Pratidin - Odiya Newspaper, following Ministry of Corporate Affairs General ....7 Jul 2026 · Company Update / Newspaper Publication
Disclosure is hereby made that Voluntary Liquidation of Company's Step-Down Subsidiary, M/s Hofmann Ceramic CZ s.r.o, Czech Republic (Identification Number - 26341166) has been completed ....1 Jul 2026 · Company Update / Restructuring
Please find enclosed a copy of the communication sent today to Shareholders whose email addresses are registered with the Company/Registrar and Share Transfer Agent/Depositories. Enclosed ....1 Jul 2026 · Company Update / General
Pursuant to the relevant provisions of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we would like to inform you that the officials of the Company will be participating ....30 Jun 2026 · Company Update / Analyst / Investor Meet
Kindly be informed that 'Trading Window' will be closed for all Designated Persons and their immediate relatives on and from Wednesday, 1st July, 2026 and would open 48 hours after Unaudited ....24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Following Company''s earlier Notices dated 10th October, 2024, 14th October, 2024, 24th December, 2024 and 23rd April, 2025 in relation to Company entering into a Joint Venture Agreement ....17 Jun 2026 · Company Update / General
Please find enclosed herewith copies of Notice published in newspapers Business Standard - All Editions and Pratidin - Odiya Newspaper on Wednesday, 17th June, 2026 pursuant to provisions ....17 Jun 2026 · Company Update / Newspaper Publication
Please find enclosed herewith Postal Ballot Notice dated 13th June, 2026 (hereon 'Notice') issued by the Company for approval of the Members by passing of Ordinary Resolution through Postal ....16 Jun 2026 · AGM/EGM / Postal Ballot
Further to our letter dated 2nd June, 2026, please find enclosed herewith transcript of Earnings Conference Call on 4QFY26, held on Tuesday, 2nd June, 2026.8 Jun 2026 · Company Update / Earnings Call Transcript
Further to our letter dated 27th May, 2026, please be informed that 4QFY26 Earnings Conference Call organized by Monarch Networth Capital was held today at 5.00 PM IST. Audio Recording ....2 Jun 2026 · Company Update / Analyst / Investor Meet
In compliance of above, please find enclosed herewith copy of an Investors Presentation on Q4/FY2025-26 Audited Financial Results. Copy of this is being hosted on Company's Website: https://ifglgroup.com/ ....1 Jun 2026 · Company Update / Investor Presentation
Please find enclosed herewith extract of Statement of Audited Consolidated Financial Results for quarter and year ended 31st March, 2026 published in newspapers, Business Standard - All ....1 Jun 2026 · Company Update / Newspaper Publication

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 2.1500	29 Jul 2026	29 Jul 2026	—
Bonus issue 1:1	18 Jul 2025	18 Jul 2025	—
Final Dividend - Rs. - 1.0000	6 Jun 2025	6 Jun 2025	—
Interim Dividend - Rs. - 6.0000	13 May 2025	13 May 2025	—
Final Dividend - Rs. - 7.0000	24 Jul 2024	—	—

Board meetings

8 Aug 2026 Board Meeting - Financial Results