{
  "main_header": {
    "sid": 1002878,
    "name": "IFGL Refractori.",
    "stock_name": "IFGL Refractori.",
    "full_name": "IFGL Refractories Ltd",
    "name_url": "stocks-analysis/ifgl-refractori",
    "exchange": 0,
    "exchangecode": "",
    "country_id": 34,
    "currency": "INR",
    "cmp": "206.95",
    "chg": -0.4,
    "chgp": "-0.19%",
    "dir": -1,
    "prev_price": "207.35",
    "mcapval": "1,491.67 Cr",
    "mcap": "Small Cap",
    "scripcode": 540774,
    "symbol": "IFGLEXPOR",
    "ind_name": "Electrodes & Refractories",
    "ind_code": 82,
    "indexname": "",
    "isin": "INE133Y01011",
    "curr_date": "Dec 05",
    "curr_time": "",
    "bse_nse_vol": "4.31 k",
    "exc_status": "Active",
    "traded_date": "Dec 05, 2025",
    "traded_date_str": "2025 12 05",
    "score": "",
    "scoreText": "",
    "Live": 1,
    "market_time": 1,
    "is_blur": 1,
    "is_blur_class": "blur-register-score-header",
    "is_blur_url": "https://www.marketsmojo.com/mojofeed/register?redirect=/stocks-analysis/ifgl-refractori-1002878-0&utm_source=Spage_Header_Score",
    "mojoone": {
      "ismore": 0
    }
  },
  "news": {
    "results": [
      {
        "title": "IFGL Refractori. Sees Revision in Market Evaluation Amidst Challenging Financial Trends",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/ifgl-refractori-downgraded-to-sell-as-financial-and-valuation-metrics-deteriorate-3736925",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/IFGLRefractori_mojoScore_3736925.png",
        "date": "2025-11-29 17:52:10",
        "description": "IFGL Refractori., a small-cap player in the Electrodes & Refractories sector, has experienced a revision in its market evaluation reflecting recent shifts in its financial and technical outlook. The company’s assessment metrics have been adjusted following a period of subdued profitability and valuation concerns, prompting a reassessment of its market standing."
      },
      {
        "title": "Is IFGL Refractori. technically bullish or bearish?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-ifgl-refractori-technically-bullish-or-bearish-3724001",
        "imagepath": "",
        "date": "2025-11-24 08:44:29",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Recent Technical Trend Shift</strong></p>\n<p>As of 21 Nov 2025, IFGL Refractori.’s technical trend transitioned from a sideways pattern to a mildly bearish one. This change reflects a subtle but notable shift in market sentiment, signalling that the stock may face downward pressure in the near term. Such a trend shift often prompts traders and investors to reassess their positions, especially when corroborated by other technical signals.</p>\n<p><strong>Key Technical Indicators Analysis</strong></p>\n<p>The Moving Average Convergence Divergence (MACD) indicator, a widely used momentum tool, shows a mildly bearish outlook on both weekly and monthly charts. This suggests that the stock’s momentum is weakening, with potential for further downside or consolidation.</p>\n<p>Relative Strength Index (..."
      },
      {
        "title": "IFGL Refractories Faces Shift in Price Momentum Amid Mixed Technical Signals",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/ifgl-refractories-faces-mildly-bearish-technical-shift-amidst-weak-price-momentum-3723879",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/IFGLRefractorie_technicaldot_3723879.png",
        "date": "2025-11-24 08:05:29",
        "description": "IFGL Refractories, a key player in the Electrodes & Refractories sector, has experienced a notable shift in its price momentum, reflecting a transition from a sideways trend to a mildly bearish stance. This change is underscored by a range of technical indicators, including MACD, RSI, moving averages, and Bollinger Bands, which collectively paint a nuanced picture of the stock’s near-term outlook."
      },
      {
        "title": "Why is IFGL Refractori. falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-ifgl-refractori-fallingrising-3722220",
        "imagepath": "",
        "date": "2025-11-22 01:19:19",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Recent Price Movement and Market Comparison</strong></p>\n<p>The stock’s recent trajectory has been unfavourable, with a one-week loss of 6.61% contrasting sharply against the Sensex’s modest gain of 0.79%. Over the past month, IFGL Refractories has declined by 16.86%, while the benchmark index rose by nearly 1%. Year-to-date, the stock is down 4.56%, whereas the Sensex has appreciated by 9.08%. This trend extends over the last year, where the stock has fallen 9.43% despite the Sensex’s 10.47% gain. Such persistent underperformance highlights investor concerns about the company’s growth prospects and valuation.</p>\n<p>On the day in question, the stock underperformed its sector by 1.32%, hitting an intraday low of ₹219. It is trading below all key moving averages, including the 5-day, 20-day, ..."
      },
      {
        "title": "IFGL Refractories Adjusts Valuation Amidst Underperformance Compared to Industry Peers",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/ifgl-refractories-sees-valuation-grade-shift-from-expensive-to-very-expensive-3710072",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/IFGLRefractorie_valuationdot_3710072.png",
        "date": "2025-11-18 08:03:14",
        "description": "IFGL Refractories, a small-cap company in the Electrodes & Refractories sector, has seen a recent valuation adjustment, with its stock price at 232.60. Over the past year, it has underperformed compared to the Sensex. Key financial metrics indicate a unique positioning within a competitive industry landscape."
      },
      {
        "title": "How has been the historical performance of IFGL Refractori.?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-ifgl-refractori-3703789",
        "imagepath": "",
        "date": "2025-11-15 00:13:36",
        "description": "Answer:\nThe historical performance of IFGL Refractori shows a mixed trend in financial metrics over the years leading up to March 2025.\n\nBreakdown:\nIFGL Refractori's net sales have shown a steady increase from INR 917.35 crore in March 2020 to INR 1,653.03 crore in March 2025, reflecting a positive growth trajectory. Total operating income has similarly risen, reaching INR 1,653.03 crore in March 2025, up from INR 917.35 crore in March 2020. However, total expenditure has also increased, amounting to INR 1,524.41 crore in March 2025, which is significantly higher than the INR 825.78 crore recorded in March 2020. This has led to a decline in operating profit, which decreased from INR 175.86 crore in March 2021 to INR 128.62 crore in March 2025. Profit before tax has also seen a downward trend, falling from INR 124.22 crore in March 2021 to INR 59.54 crore in March 2025. Consequently, profit after tax has dec..."
      },
      {
        "title": "IFGL Refractories Hits Day High with 7.47% Surge Amid Market Volatility",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/ifgl-refractories-hits-day-high-with-747-surge-amid-market-volatility-3700792",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/IFGLRefractorie_priceRelatedfactors_3700792.png",
        "date": "2025-11-14 09:32:05",
        "description": "IFGL Refractories has experienced notable trading activity, outperforming its sector amid a generally lower market. The stock has shown high volatility and is currently positioned above its 200-day moving average. Over the past five years, it has demonstrated significant growth, reflecting its strong long-term performance."
      },
      {
        "title": "How has been the historical performance of IFGL Refractori.?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-ifgl-refractori-3694198",
        "imagepath": "",
        "date": "2025-11-12 23:24:03",
        "description": "Answer:\nThe historical performance of IFGL Refractori shows a trend of increasing net sales and total operating income over the years, with net sales reaching 1,653.03 Cr in Mar'25, up from 1,639.49 Cr in Mar'24 and significantly higher than 1,386.50 Cr in Mar'23. However, the total expenditure has also risen, reaching 1,524.41 Cr in Mar'25, which has impacted the operating profit, which decreased to 128.62 Cr from 154.37 Cr in Mar'24. Profit before tax has also seen a decline, dropping to 59.54 Cr in Mar'25 from 97.83 Cr in Mar'24, leading to a profit after tax of 42.98 Cr in Mar'25, down from 81.67 Cr in the previous year. The earnings per share (EPS) have also decreased to 5.96 in Mar'25 from 22.66 in Mar'24. On the balance sheet, total assets increased to 1,618.50 Cr in Mar'25 from 1,490.36 Cr in Mar'24, while total liabilities also rose to 1,618.50 Cr from 1,490.36 Cr, indicating a stable financial pos..."
      },
      {
        "title": "Is IFGL Refractori. overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-ifgl-refractori-overvalued-or-undervalued-3687861",
        "imagepath": "",
        "date": "2025-11-11 08:14:53",
        "description": "As of 10 November 2025, the valuation grade for IFGL Refractories has moved from fair to expensive. The company is currently considered overvalued based on its high PE ratio of 57.58, an EV to EBIT of 39.70, and a Price to Book Value of 1.52. These ratios indicate that the market has priced the stock significantly higher than its earnings and book value suggest it should be.\n\nIn comparison to its peers, IFGL Refractories' PE ratio is notably higher than Vesuvius India, which has a PE of 39.43, and RHI Magnesita, which stands at 56.99. The EV to EBITDA ratio for IFGL is also higher than that of RHI Magnesita, which is at 22.64, further supporting the conclusion that IFGL is overvalued. Recent stock performance shows a decline of 22.7% over the past year, contrasting with a 5.09% return from the Sensex, reinforcing the notion that the stock may be overpriced in the current market environment...."
      }
    ],
    "total": 325,
    "sid": "1002878",
    "stock_news_url": "https://www.marketsmojo.com/news/ifgl-refractories-1002878"
  },
  "announcements": [
    {
      "caption": "Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations 2011",
      "datetime": "28-Nov-2025",
      "details": "The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations 2011 for Bajoria Financial Services Pvt Ltd",
      "source": "BSE"
    },
    {
      "caption": "Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015",
      "datetime": "26-Nov-2025",
      "details": "Please find enclosed herewith copy of letter dated 26th November 2025 and Intimation under Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011 forming part thereof addressed to the Stock Exchanges i.e. National Stock Exchange of India Limited and BSE Limited received from M/s Bajoria Financial Services Pvt Ltd (hereon BFSPL) being part of Indian Promoter Group of IFGL Refractories Limited (hereon the Company) in connection with its proposed acquisition of 437490 Equity Shares of Rs. 10/- each fully paid-up of the Company from Mr Mihir Prakash Bajoria (also part of Indian Promoter of the Company). Contents of said letter and Intimation of BFSPL are self-explanatory. Please note that the aggregate shareholding of the Promoter and Promoter Group of the Company shall remain unchanged before and after the proposed inter-se transfer.",
      "source": "BSE"
    },
    {
      "caption": "Announcement under Regulation 30 (LODR)-Change in Management",
      "datetime": "24-Nov-2025",
      "details": "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 2015 (SEBI LODR 2015) kindly be informed that effective Monday 24th November 2025 Dr Sushil Kumar Ojha will discharge roles and responsibilities of CHRO and will report to Director and Chief Executive Officer India Mr Arasu Shanmugam.",
      "source": "BSE"
    }
  ],
  "corporate_actions": [
    {
      "img": "board-meeting.svg",
      "title": "BOARD MEETING",
      "msg": "<span>No</span> Upcoming Board Meetings",
      "data": []
    },
    {
      "img": "dividend.svg",
      "title": "DIVIDEND",
      "msg": "",
      "data": [
        {
          "txt": "IFGL Refractories Ltd has declared <strong>10%</strong> dividend, ex-date: 06 Jun 25",
          "dt": "2025-06-06",
          "middle_text": "Dividend Alert"
        }
      ]
    },
    {
      "img": "splits.svg",
      "title": "SPLITS",
      "msg": "No <strong>Splits</strong> history available",
      "data": []
    },
    {
      "img": "bonus.svg",
      "title": "BONUS",
      "msg": "",
      "data": [
        {
          "txt": "IFGL Refractories Ltd has announced <strong>1:1</strong> bonus issue, ex-date: 18 Jul 25",
          "dt": "2025-07-18",
          "middle_text": "Bonus Alert"
        }
      ]
    },
    {
      "img": "rights-issues.svg",
      "title": "RIGHTS",
      "msg": "No <strong>Rights</strong> history available",
      "data": []
    }
  ]
}

News and Views

IFGL Refractori. Sees Revision in Market Evaluation Amidst Challenging Financial Trends

2025-11-29 17:52:10

IFGL Refractori., a small-cap player in the Electrodes & Refractories sector, has experienced a revision in its market evaluation reflecting recent shifts in its financial and technical outlook. The company’s assessment metrics have been adjusted following a period of subdued profitability and valuation concerns, prompting a reassessment of its market standing.

Read More

Is IFGL Refractori. technically bullish or bearish?

2025-11-24 08:44:29

Recent Technical Trend Shift

As of 21 Nov 2025, IFGL Refractori.’s technical trend transitioned from a sideways pattern to a mildly bearish one. This change reflects a subtle but notable shift in market sentiment, signalling that the stock may face downward pressure in the near term. Such a trend shift often prompts traders and investors to reassess their positions, especially when corroborated by other technical signals.

Key Technical Indicators Analysis

The Moving Average Convergence Divergence (MACD) indicator, a widely used momentum tool, shows a mildly bearish outlook on both weekly and monthly charts. This suggests that the stock’s momentum is weakening, with potential for further downside or consolidation.

Relative Strength Index (...

Read More

IFGL Refractories Faces Shift in Price Momentum Amid Mixed Technical Signals

2025-11-24 08:05:29

IFGL Refractories, a key player in the Electrodes & Refractories sector, has experienced a notable shift in its price momentum, reflecting a transition from a sideways trend to a mildly bearish stance. This change is underscored by a range of technical indicators, including MACD, RSI, moving averages, and Bollinger Bands, which collectively paint a nuanced picture of the stock’s near-term outlook.

Read More

Why is IFGL Refractori. falling/rising?

2025-11-22 01:19:19

Recent Price Movement and Market Comparison

The stock’s recent trajectory has been unfavourable, with a one-week loss of 6.61% contrasting sharply against the Sensex’s modest gain of 0.79%. Over the past month, IFGL Refractories has declined by 16.86%, while the benchmark index rose by nearly 1%. Year-to-date, the stock is down 4.56%, whereas the Sensex has appreciated by 9.08%. This trend extends over the last year, where the stock has fallen 9.43% despite the Sensex’s 10.47% gain. Such persistent underperformance highlights investor concerns about the company’s growth prospects and valuation.

On the day in question, the stock underperformed its sector by 1.32%, hitting an intraday low of ₹219. It is trading below all key moving averages, including the 5-day, 20-day, ...

Read More

IFGL Refractories Adjusts Valuation Amidst Underperformance Compared to Industry Peers

2025-11-18 08:03:14

IFGL Refractories, a small-cap company in the Electrodes & Refractories sector, has seen a recent valuation adjustment, with its stock price at 232.60. Over the past year, it has underperformed compared to the Sensex. Key financial metrics indicate a unique positioning within a competitive industry landscape.

Read More

How has been the historical performance of IFGL Refractori.?

2025-11-15 00:13:36

Answer: The historical performance of IFGL Refractori shows a mixed trend in financial metrics over the years leading up to March 2025. Breakdown: IFGL Refractori's net sales have shown a steady increase from INR 917.35 crore in March 2020 to INR 1,653.03 crore in March 2025, reflecting a positive growth trajectory. Total operating income has similarly risen, reaching INR 1,653.03 crore in March 2025, up from INR 917.35 crore in March 2020. However, total expenditure has also increased, amounting to INR 1,524.41 crore in March 2025, which is significantly higher than the INR 825.78 crore recorded in March 2020. This has led to a decline in operating profit, which decreased from INR 175.86 crore in March 2021 to INR 128.62 crore in March 2025. Profit before tax has also seen a downward trend, falling from INR 124.22 crore in March 2021 to INR 59.54 crore in March 2025. Consequently, profit after tax has dec...

Read More

IFGL Refractories Hits Day High with 7.47% Surge Amid Market Volatility

2025-11-14 09:32:05

IFGL Refractories has experienced notable trading activity, outperforming its sector amid a generally lower market. The stock has shown high volatility and is currently positioned above its 200-day moving average. Over the past five years, it has demonstrated significant growth, reflecting its strong long-term performance.

Read More

How has been the historical performance of IFGL Refractori.?

2025-11-12 23:24:03

Answer: The historical performance of IFGL Refractori shows a trend of increasing net sales and total operating income over the years, with net sales reaching 1,653.03 Cr in Mar'25, up from 1,639.49 Cr in Mar'24 and significantly higher than 1,386.50 Cr in Mar'23. However, the total expenditure has also risen, reaching 1,524.41 Cr in Mar'25, which has impacted the operating profit, which decreased to 128.62 Cr from 154.37 Cr in Mar'24. Profit before tax has also seen a decline, dropping to 59.54 Cr in Mar'25 from 97.83 Cr in Mar'24, leading to a profit after tax of 42.98 Cr in Mar'25, down from 81.67 Cr in the previous year. The earnings per share (EPS) have also decreased to 5.96 in Mar'25 from 22.66 in Mar'24. On the balance sheet, total assets increased to 1,618.50 Cr in Mar'25 from 1,490.36 Cr in Mar'24, while total liabilities also rose to 1,618.50 Cr from 1,490.36 Cr, indicating a stable financial pos...

Read More

Is IFGL Refractori. overvalued or undervalued?

2025-11-11 08:14:53

As of 10 November 2025, the valuation grade for IFGL Refractories has moved from fair to expensive. The company is currently considered overvalued based on its high PE ratio of 57.58, an EV to EBIT of 39.70, and a Price to Book Value of 1.52. These ratios indicate that the market has priced the stock significantly higher than its earnings and book value suggest it should be. In comparison to its peers, IFGL Refractories' PE ratio is notably higher than Vesuvius India, which has a PE of 39.43, and RHI Magnesita, which stands at 56.99. The EV to EBITDA ratio for IFGL is also higher than that of RHI Magnesita, which is at 22.64, further supporting the conclusion that IFGL is overvalued. Recent stock performance shows a decline of 22.7% over the past year, contrasting with a 5.09% return from the Sensex, reinforcing the notion that the stock may be overpriced in the current market environment....

Read More

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