IFGL REFRACTORIES LIMITED (IFGLEXPOR) financials

IFGL REFRACTORIES LIMITED (IFGLEXPOR) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

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]

Market Cap: ₹1,319Cr.
Current Price: ₹183
Stock P/E: 29.8
ROE: 5.94%
ROCE: 7.93%
Book Value: ₹98.2
Dividend Yield: 1.18%
52W High / Low: ₹268/120

In Jun 2026, IFGL REFRACTORIES LIMITED (IFGLEXPOR) reported sales ₹297 Cr and net profit ₹16 Cr.

Annual TTM: sales ₹1,131 Cr, net profit ₹40 Cr.

Shareholding: Promoters 72.44% (Sep 2026), FIIs 0.02% (Sep 2026), DIIs 12.87% (Sep 2026), Public 14.65% (Sep 2026), No. of Shareholders 21,586% (Sep 2026).

IFGLEXPOR quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	254	233	270	275	287	271	276	297
Expenses	224	213	233	241	251	255	245	267
Operating Profit	30	20	37	35	36	16	32	29
OPM %	12%	8%	14%	13%	12%	6%	11%	10%
Other Income	4	2	3	3	2	-3	1	2
Interest	3	3	3	4	3	3	3	2
Depreciation	13	13	15	14	15	15	15	8
Profit before tax	17	6	22	20	20	-5	14	21
Tax %	21%	15%	23%	25%	26%	-25%	11%	25%
Net Profit	14	5	17	15	15	-4	13	16
EPS in Rs	1.89	0.70	2.35	2.04	2.06	-0.49	1.78	2.19
Raw PDF	—	—	—	—	—	—	—	—

IFGLEXPOR profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	499	649	787	833	893	998	1,109	1,131
Expenses	427	510	669	710	777	873	990	1,018
Operating Profit	72	139	119	123	116	125	119	113
OPM %	14%	21%	15%	15%	13%	13%	11%	10%
Other Income	8	6	14	12	17	16	2	1
Interest	4	4	4	6	11	13	13	11
Depreciation	39	39	41	44	47	54	59	52
Profit before tax	36	101	87	85	74	75	49	51
Tax %	17%	56%	27%	28%	12%	23%	21%	—
Net Profit	30	45	63	61	65	58	39	40
EPS in Rs	4.12	6.22	8.77	8.48	9.03	7.99	5.39	5.54
Dividend Payout %	30%	80%	40%	41%	39%	44%	40%	—

IFGLEXPOR balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	36	36	36	36	36	36	36	72
Reserves	470	478	523	550	586	626	658	636
Borrowings	67	41	46	86	115	119	153	140
Other Liabilities	68	82	147	161	136	137	185	164
Total Liabilities	641	637	752	833	873	917	1,032	1,013
Fixed Assets	261	257	227	234	249	256	313	300
CWIP	6	4	18	15	30	77	7	12
Investments	102	150	184	191	189	183	164	126
Other Assets	272	226	323	393	406	402	547	575
Total Assets	641	637	752	833	873	917	1,032	1,013

IFGLEXPOR cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	91	119	91	10	63	116	24	51
Cash from Investing Activity	-56	-50	-101	-8	-59	-85	-20	3
Cash from Financing Activity	-35	-62	3	-2	-4	-31	-4	-54
Net Cash Flow	-1	7	-8	-0	-0	0	0	0
Free Cash Flow	67	102	65	-39	-9	14	-29	12
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	135%	159%	78%	29%	75%	120%	38%	60%

IFGLEXPOR shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	72.44%	72.44%	72.44%	72.44%	72.44%	72.44%	72.44%	72.44%
FIIs	0.13%	0.12%	0.04%	0.03%	0.04%	0.03%	0.03%	0.02%
DIIs	13.72%	13.62%	13.54%	13.51%	13.51%	13.27%	13.01%	12.87%
Public	13.71%	13.81%	13.97%	14.02%	14.01%	14.26%	14.52%	14.65%
No. of Shareholders	19,168	18,613	19,714	21,605	21,346	21,298	21,525	21,586

IFGLEXPOR key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	105	92	88	84	88	78	82	88
Inventory Days	126	105	121	157	137	136	186	154
Days Payable	89	89	102	100	63	76	101	77
Cash Conversion Cycle	142	108	107	140	162	138	168	164
Working Capital Days	75	68	66	78	94	79	85	94
ROCE %	6%	6%	18%	14%	13%	11%	11%	8%

IFGLEXPORUpdated 18 Oct 2026, 16:46

Ifgl Refractories Limited

IFGLEXPORUpdated 18 Oct 2026, 16:46

Market Cap

₹1,319Cr.

Current Price

₹183

High / Low

₹268/120

Stock P/E

29.8

ROE5.94%

ROCE7.93%

Book Value₹98.2

Face Value₹10.0

Dividend Yield1.18%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	227	2	184	3	12	33	31	23	3.12
Sep 2023	260	2	206	4	11	44	31	30	4.18
Dec 2023	197	3	210	3	11	-24	-87	-3	-0.43
Mar 2024	209	3	178	6	13	22	29	16	2.16
Jun 2024	242	2	204	7	13	29	25	22	3.05
Sep 2024	254	3	224	4	13	17	21	14	1.89
Dec 2024	233	3	213	2	13	6	15	5	0.7
Mar 2025	270	3	233	3	15	22	23	17	2.35
Jun 2025	275	4	241	3	14	20	25	15	2.04
Sep 2025	287	3	251	2	15	20	26	15	2.06
Dec 2025	271	3	255	-3	15	-5	-25	-4	-0.49
Mar 2026	276	3	245	1	15	14	11	13	1.78
Jun 2026	297	2	267	2	8	21	25	16	2.19

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2016	47	2	35	0	3	7	0	7	11.29
Mar 2017	372	4	321	3	37	13	-45	18	31.31
Mar 2018	443	5	369	2	38	34	33	23	3.13
Mar 2019	489	5	416	3	39	33	20	26	3.6
Mar 2020	499	4	427	8	39	36	17	30	4.12
Mar 2021	649	4	510	6	39	101	56	45	6.22
Mar 2022	787	4	669	14	41	87	27	63	8.77
Mar 2023	833	6	710	12	44	85	28	61	8.48
Mar 2024	893	11	777	17	47	74	12	65	9.03
Mar 2025	998	13	873	16	54	75	23	58	7.99
Mar 2026	1109	13	990	2	59	49	21	39	5.39
TTM	1131	11	1018	1	52	51	—	40	5.54

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	72.44%
FIIs	0.02%
DIIs	12.87%
Public	14.65%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	72.44%	0.37%	11.7%	15.49%
Mar 2024	72.44%	0.27%	13.52%	13.75%
Jun 2024	72.44%	0.18%	13.77%	13.61%
Sep 2024	72.44%	0.18%	14%	13.38%
Dec 2024	72.44%	0.13%	13.72%	13.71%
Mar 2025	72.44%	0.12%	13.62%	13.81%
Jun 2025	72.44%	0.04%	13.54%	13.97%
Sep 2025	72.44%	0.03%	13.51%	14.02%
Dec 2025	72.44%	0.04%	13.51%	14.01%
Mar 2026	72.44%	0.03%	13.27%	14.26%
Jun 2026	72.44%	0.03%	13.01%	14.52%
Sep 2026	72.44%	0.02%	12.87%	14.65%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2016	2	24	23	9	58	31	0	0	27	58
Mar 2017	3	439	71	97	610	304	1	69	236	610
Mar 2018	36	453	90	75	654	277	3	69	305	654
Mar 2019	36	470	67	68	641	261	6	102	272	641
Mar 2020	36	478	41	82	637	257	4	150	226	637
Mar 2021	36	523	46	147	752	227	18	184	323	752
Mar 2022	36	550	86	161	833	234	15	191	393	833
Mar 2023	36	586	115	136	873	249	30	189	406	873
Mar 2024	36	626	119	137	917	256	77	183	402	917
Mar 2025	36	658	153	185	1032	313	7	164	547	1032
Mar 2026	72	636	140	164	1013	300	12	126	575	1013

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2016	11	-2	-9	0
Mar 2017	-7	5	3	1
Mar 2018	10	-19	9	0
Mar 2019	91	-56	-35	-1
Mar 2020	119	-50	-62	7
Mar 2021	91	-101	3	-8
Mar 2022	10	-8	-2	0
Mar 2023	63	-59	-4	0
Mar 2024	116	-85	-31	0
Mar 2025	24	-20	-4	0
Mar 2026	51	3	-54	0

Key ratios

Historical financial ratios

Category	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	148	152	170	105	92	88	84	88	78	82	88
Inventory Days	90	88	80	126	105	121	157	137	136	186	154
Days Payable	167	115	110	89	89	102	100	63	76	101	77
Cash Conversion Cycle	72	124	141	142	108	107	140	162	138	168	164
Working Capital Days	-27	72	88	75	68	66	78	94	79	85	94
ROCE %	—	6%	7%	6%	6%	18%	14%	13%	11%	11%	8%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of IFGL REFRACTORIES LIMITED (IFGLEXPOR)?

The reported market capitalisation for IFGL REFRACTORIES LIMITED (IFGLEXPOR) is ₹1,319Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of IFGLEXPOR?

The current price shown for IFGL REFRACTORIES LIMITED (IFGLEXPOR) on Fincrux is ₹183 with a 52-week high/low of ₹268/120.

What is the P/E ratio of IFGL REFRACTORIES LIMITED (IFGLEXPOR)?

The stock P/E for IFGL REFRACTORIES LIMITED (IFGLEXPOR) is 29.8 on Fincrux, with ROE at 5.94% and ROCE at 7.93%.

What were IFGLEXPOR latest quarterly results?

For Jun 2026, IFGL REFRACTORIES LIMITED (IFGLEXPOR) reported sales ₹297 Cr and net profit ₹16 Cr (figures in ₹ crore unless noted).

What are IFGLEXPOR annual sales and net profit?

For TTM, IFGL REFRACTORIES LIMITED (IFGLEXPOR) shows sales of ₹1,131 Cr and net profit of ₹40 Cr on the Fincrux profit & loss statement.

Who owns IFGL REFRACTORIES LIMITED (IFGLEXPOR)?

Latest shareholding for IFGL REFRACTORIES LIMITED (IFGLEXPOR) on Fincrux: Promoters 72.44% (Sep 2026), FIIs 0.02% (Sep 2026), DIIs 12.87% (Sep 2026), Public 14.65% (Sep 2026), No. of Shareholders 21,586% (Sep 2026).

Where can I find IFGL REFRACTORIES LIMITED (IFGLEXPOR) financials?

IFGL REFRACTORIES LIMITED (IFGLEXPOR) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show IFGLEXPOR balance sheet and cash flow?

Yes. The IFGL REFRACTORIES LIMITED (IFGLEXPOR) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 18 October 2026 at 16:46