| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 512 | 454 | +12.9% |
| EBITDA | 37.0 | 36.0 | +2.8% |
| EBITDA margin | 7.2% | 7.9% | −0.7 pts |
| Profit before tax | 23.1 | 15.2 | +52.5% |
| Net profit | 17.1 | 10.8 | +57.8% |
| EPS | ₹2.37 | ₹1.50 | +58.0% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 1,243 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 119 | 119 | 155 | 185 | 170 | ||
| 196 | 196 | 202 | 163 | 160 | ||
| 1,319 | — | — | — | — | ||
| 1,953 | 1,894 | 1,653 | 1,639 | 1,387 | ||
| — | +14.6% | +0.8% | +18.2% | — | ||
| 137 | 136 | 129 | 154 | 153 | ||
| 7.0% | 7.2% | 7.8% | 9.4% | 11.0% | ||
| 63.0 | 56.4 | 55.9 | 90.1 | 97.4 | ||
| 41.0 | 34.7 | 43.0 | 81.7 | 79.2 | ||
| 2.1% | 1.8% | 2.6% | 5.0% | 5.7% | ||
| ₹5.68 | ₹4.81 | ₹5.96 | ₹11.33 | ₹10.99 | ||
| — | −19.3% | −47.4% | +3.1% | — | ||
| — | 63.4 | 28.3 | 152 | 6.3 | ||
| — | −63.7 | −72.9 | −135 | −137 | ||
| −0.4 | −0.4 | −44.6 | 17.5 | −130 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 1,243.2 | |
| - Cash, Equiv & ST Investments | 169.8 | 184.8 | 154.5 | 119.5 | 119.5 | |
| + Total Debt | 160.2 | 163.0 | 202.4 | 195.6 | 195.6 | |
| Enterprise Value | — | — | — | — | 1,319.4 | |
| Revenue | 1,386.5 | 1,639.5 | 1,653.0 | 1,894.3 | 1,952.6 | |
| Growth %, YoY | — | +18.2 | +0.8 | +14.6 | — | |
| EBITDA | 152.9 | 154.4 | 128.6 | 136.0 | 137.0 | |
| Margin % | 11.03 | 9.42 | 7.78 | 7.18 | 7.02 | |
| EBIT | 97.4 | 90.1 | 55.9 | 56.4 | 63.0 | |
| Net Income | 79.2 | 81.7 | 43.0 | 34.7 | 41.0 | |
| Margin % | 5.71 | 4.98 | 2.60 | 1.83 | 2.10 | |
| EPS, Adj (current shares) | 10.99 | 11.33 | 5.96 | 4.81 | 5.68 | |
| Growth %, YoY | — | +3.1 | -47.4 | -19.3 | — | |
| Cash from Operations | 6.3 | 152.2 | 28.3 | 63.4 | — | |
| Capital Expenditures | -136.6 | -134.7 | -72.9 | -63.7 | — | |
| Free Cash Flow | -130.3 | 17.5 | -44.6 | -0.4 | -0.4 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
IFGL Refractories (NSE: IFGLEXPOR) had a market capitalisation of ₹1,176 crore at the 30 October 2026 close (₹163.11 a share), a PE ratio of 28.7 on the last four quarters' profit and a price-to-book ratio of 1.00. In FY26 its consolidated net profit was ₹34.7 crore on revenue of ₹1,894 crore; in Q1 FY27 (April–June 2026) it was ₹17.1 crore, up 57.8% year on year. Its debt-to-equity ratio was 0.17 on 31 March 2026. Promoters held 72.43% of the shares on 30 September 2026.
IFGL Refractories' PE ratio is 28.7 at the 30 October 2026 close (₹163.11 a share): a market capitalisation of ₹1,176 crore divided by consolidated net profit of ₹41 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹34.7 crore) it is 33.9.
IFGL Refractories' debt-to-equity ratio was 0.17 on 31 March 2026: borrowings of ₹196 crore against total equity of ₹1,175 crore. A year earlier, on 31 March 2025, it was 0.18.
IFGL Refractories' net worth — shareholders' equity in its consolidated balance sheet — was ₹1,175 crore on 31 March 2026, up 6.1% from ₹1,107 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹1,176 crore at the 30 October 2026 close.
IFGL Refractories' price-to-book (PB) ratio is 1.00 at the 30 October 2026 close: a market capitalisation of ₹1,176 crore divided by shareholders' equity (book value) of ₹1,175 crore on 31 March 2026. That is a book value of ₹163.00 per share against a share price of ₹163.11.
In FY26, IFGL Refractories' return on equity (ROE) was 3.0% and its return on capital employed (ROCE) was 4.6%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 3.9% and ROCE 4.7%.
On 30 September 2026, IFGL Refractories' shares were held by promoters 72.43%, foreign portfolio investors (FII/FPI) 0.02%, domestic institutions (DII) 12.87% (including mutual funds at 12.87%) and retail and other non-institutional investors 14.67%. Over the year, FII holding was down 0.01 percentage points from 0.03% and DII holding was down 0.65 percentage points from 13.52%.
IFGL Refractories' market capitalisation was ₹1,176 crore at the 30 October 2026 close: 7.21 crore shares at ₹163.11 each.
No. IFGL Refractories had borrowings of ₹196 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.17. Its cash and current investments were ₹121 crore, so its net debt was ₹74.6 crore.
In 2026, IFGL Refractories has declared one dividend: ₹2.15 with record date 29 July 2026.
IFGL Refractories' book value per share was ₹163.00 on 31 March 2026: shareholders' equity of ₹1,175 crore divided by the 7.21 crore shares in issue. The share price at the 30 October 2026 close was ₹163.11.
Promoters held 72.43% of IFGL Refractories on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, IFGL Refractories generated ₹63.4 crore of cash from operations and spent ₹63.7 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹35 lakh. In FY25 it was −₹44.6 crore.
IFGL Refractories' basic earnings per share (EPS) were ₹4.81 in FY26.
IFGL Refractories' latest results are for Q1 FY27 (April–June 2026), filed on 8 August 2026: consolidated net profit ₹17.1 crore, up 57.8% from ₹10.8 crore in Q1 FY26; revenue from operations ₹512 crore, up 12.9% year on year.
IFGL Refractories has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
In FY26 (April 2025–March 2026), IFGL Refractories' consolidated net profit was ₹34.7 crore, down 19.3% from ₹43 crore in FY25, on revenue from operations of ₹1,894 crore (up 14.6%). Over three years, from FY23, net profit was down 56.2%.
On FY26 consolidated figures, against ORIENT CERATECH, De Nora India and Raghav Productivity Enhancers: IFGL Refractories' operating margin of 3.0% is the lowest of the four (ORIENT CERATECH 6.1%, De Nora India 3.8%, Raghav Productivity Enhancers 26.5%; peer average 12.2%); its return on equity of 3.0% is the lowest of the four (ORIENT CERATECH 7.5%, De Nora India 7.3%, Raghav Productivity Enhancers 25.0%; peer average 13.2%).
At the 30 October 2026 closing prices, on FY26 net profit, IFGL Refractories' PE ratio is 33.9, the third highest of the four: ORIENT CERATECH 21.3, De Nora India 41.2 and Raghav Productivity Enhancers 139.6, a peer average of 67.4. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, IFGL Refractories earned net profit of ₹34.7 crore on revenue of ₹1,894 crore, against ₹21.9 crore on ₹404 crore for ORIENT CERATECH. IFGL Refractories' operating margin was 3.0% (ORIENT CERATECH 6.1%) and its return on equity 3.0% (ORIENT CERATECH 7.5%). At the 30 October 2026 close, IFGL Refractories' market capitalisation was ₹1,176 crore against ₹467 crore for ORIENT CERATECH, and its PE ratio on FY26 profit 33.9 against 21.3.
From IFGL Refractories' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.