SP Refractories

Why is SP Refractories Ltd falling/rising?

As of 18-Jul, SP Refractories Ltd's stock price is currently at 103.00, reflecting a slight increase today, but it has declined significantly over the past week and year. Despite a positive return over the past month, the stock's long-term performance and reduced investor participation indicate potential challenges ahead.

As of 18-Jul, SP Refractories Ltd's stock price is rising, currently at 103.00, reflecting a change of 0.4 (0.39%) upward. This increase is notable given the stock's recent performance, where it has outperformed its sector by 0.57% today. However, it is important to consider the broader context of the stock's performance over various periods. <BR><BR>In the past week, the stock has declined by 7.21%, contrasting sharply with the Sensex, which has gained 0.53%. Despite this short-term decline, the stock has shown a positive return of 12.75% over the past month, indicating some recovery. Year-to-date, the stock is down 32.24%, which is significantly worse than the Sensex's decline of 6.87%. Over the past year, the stock has also fallen by 32.35%, while the Sensex has only decreased by 3.09%. <BR><BR>In terms of moving averages, the stock is currently above its 50-day moving average but below its 5-day, 20-day, 100-day, and 200-day moving averages, suggesting mixed signals regarding its short-term momentum. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 72.22% against the 5-day average, which may indicate a lack of confidence among investors.<BR><BR>Overall, while the stock is experiencing a rise today, its long-term performance and declining investor participation may suggest underlying challenges that could affect its future price movements.

Which are the latest news on SP Refractories?

What does SP Refractories do?

SP Refractories Ltd manufactures and supplies refractory materials for the iron, steel, and construction industries. It is a Micro Cap company with a market cap of INR 15 Cr and a P/E ratio of 4.00.

Overview:<BR>SP Refractories Ltd is engaged in the manufacturing and supplying of high-quality refractory materials for the iron, steel, and construction industries, operating within the Electrodes & Refractories sector and categorized as a Micro Cap company.<BR><BR>History:<BR>SP Refractories Limited was incorporated as 'SP Refractories Private Limited' on January 18, 2007, in Mumbai. The company transitioned to a Public Limited Company on October 28, 2021. Revenue and profit data for the latest quarter are not available.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: N/A<BR>Market-cap value: INR 15 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 4.00<BR>Industry P/E: 38<BR>Dividend Yield: 0.00%<BR>Debt-Equity: 0.07<BR>Return on Equity: 21.90%<BR>Price-to-Book: 0.92<BR><BR>Contact Details:<BR>Registrar Address: Not available.

How big is SP Refractories?

As of 10th June, SP Refractories Ltd has a market capitalization of 15.00 Cr, classifying it as a Micro Cap company, with no available financial data for recent net sales or net profit. The latest balance sheet shows shareholder's funds of 12.59 Cr and total assets of 18.88 Cr as of March 2025.

As of 10th June, <BR><BR>Market Cap: SP Refractories Ltd has a market capitalization of 15.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: There is no valid financial data available for Net Sales or Net Profit for the latest four quarters.<BR><BR>Balance Sheet Snapshot: The latest annual reporting period is March 2025, with Shareholder's Funds amounting to 12.59 Cr and Total Assets valued at 18.88 Cr.

Who are in the management team of SP Refractories?

The management team of SP Refractories includes Namita Prabodh Kale (Whole-time Director), Shweta Prabodh Kale (Executive Director & CFO), Prajakta Prabodh Kale (Non-Executive Director), and independent directors Manish Tarachand Pande and Kushal Sanjay Sabadra.

The management team of SP Refractories includes the following individuals:<BR><BR>1. **Namita Prabodh Kale** - Whole-time Director<BR>2. **Shweta Prabodh Kale** - Executive Director & CFO<BR>3. **Prajakta Prabodh Kale** - Non-Executive Director<BR>4. **Manish Tarachand Pande** - Independent Non-Executive Director<BR>5. **Kushal Sanjay Sabadra** - Independent Non-Executive Director<BR><BR>If you have any more questions about the company or its operations, feel free to ask!

Who are the peers of the SP Refractories?

Peers of SP Refractories include Raghav Products, IFGL Refractories, Orient Ceratech, DE Nora India, Royal Arc Electronics, Classic Electrod, Refractory Shapes, Nilachal Refractories, and Panasonic Carbon. Raghav Products shows excellent management and growth, while SP Refractories has average growth and capital structure, with a 1-year return of -34.83%.

Peers: The peers of SP Refractories are Raghav Product., IFGL Refractori., Orient Ceratech, DE Nora India, Royal Arc Ele., Classic Electrod, Refractory Shap., Nilachal Refract, Panasonic Carbon.<BR><BR>Quality Snapshot: Excellent management risk is observed at Raghav Product., Classic Electrod, and Panasonic Carbon, while Average management risk is found at IFGL Refractori., DE Nora India, Royal Arc Ele., and Refractory Shap. Below Average management risk is noted at Orient Ceratech. In terms of growth, Good growth is seen at Raghav Product. and Orient Ceratech, while Below Average growth is reported for IFGL Refractori., DE Nora India, Royal Arc Ele., Classic Electrod, and Refractory Shap. SP Refractories has Average growth. Excellent capital structure is noted at Raghav Product., IFGL Refractori., DE Nora India, and Panasonic Carbon, while Good capital structure is observed at SP Refractories, and Average capital structure is found at Classic Electrod and Refractory Shap.<BR><BR>Return Snapshot: Raghav Product. has the highest 1-year return at 64.18%, while IFGL Refractori. has the lowest at -25.76%. SP Refractories' 1-year return of -34.83% is lower than Raghav Product.'s but higher than IFGL Refractori.'s. Additionally, the six-month returns are negative for IFGL Refractori., Orient Ceratech, Royal Arc Ele., Classic Electrod, Refractory Shap., and SP Refractories.

How has been the historical performance of SP Refractories?

SP Refractories has shown consistent growth in net sales and profitability, with net sales increasing to 30.25 Cr in March 2025 from 28.81 Cr in March 2024. Key financial metrics, including operating profit and earnings per share, have also improved, reflecting strong operational efficiency and enhanced shareholder value.

Answer:<BR>The historical performance of SP Refractories shows a trend of increasing net sales and profitability over the years, with notable growth in recent periods.<BR><BR>Breakdown:<BR>SP Refractories reported net sales of 30.25 Cr in March 2025, up from 28.81 Cr in March 2024 and 27.24 Cr in March 2023, indicating a positive growth trajectory. The total operating income followed a similar pattern, reaching 30.25 Cr in March 2025. The raw material costs have remained relatively stable, with a slight increase to 18.56 Cr in March 2025 from 18.42 Cr in March 2024. Employee costs have also risen to 3.36 Cr in March 2025, reflecting the company's investment in human resources. Operating profit, excluding other income, increased to 3.53 Cr in March 2025 from 2.90 Cr in March 2024, showcasing improved operational efficiency. Profit before tax reached 2.79 Cr in March 2025, up from 2.17 Cr in March 2024, while profit after tax rose to 2.09 Cr from 1.56 Cr in the same period. The earnings per share (EPS) significantly increased to 11.68 in March 2025 from 8.72 in March 2024, reflecting enhanced shareholder value. On the balance sheet, total assets grew to 18.88 Cr in March 2025, up from 17.14 Cr in March 2024, with total liabilities also increasing to 18.88 Cr. The company maintained a stable book value per share of 70.35 in March 2025, indicating solid financial health. Overall, SP Refractories has demonstrated a consistent upward trend in sales and profitability, positioning itself favorably in the market.

Who are the top shareholders of the SP Refractories?

The top shareholder of SP Refractories is Shweta Prabodh Kale, holding 33.32%, with Amnesti Multiservices Private Limited as the largest public shareholder at 6.71%. There are no pledged promoter holdings, mutual funds, or foreign institutional investors involved.

The top shareholders of SP Refractories include the promoters, with Shweta Prabodh Kale holding the largest share at 33.32%. There are no pledged promoter holdings. In terms of public shareholders, Amnesti Multiservices Private Limited is the highest with a stake of 6.71%. Additionally, individual investors collectively hold 16.36% of the shares. Notably, there are currently no mutual funds or foreign institutional investors (FIIs) holding shares in the company.

Is SP Refractories overvalued or undervalued?

As of November 25, 2024, SP Refractories is considered overvalued with a PE ratio of 11.48 and a valuation grade of "does not qualify," despite strong operational metrics like a 20.64% ROCE and a year-to-date decline of 23.33%, contrasting sharply with its peers.

As of 25 November 2024, SP Refractories' valuation grade has moved from risky to does not qualify, indicating a significant shift in its investment profile. The company is currently deemed overvalued, with a PE ratio of 11.48, an EV to EBITDA of 8.12, and a PEG ratio of 0.34, which suggests that despite its low valuation metrics, it does not meet the criteria for a favorable investment at this time.<BR><BR>In comparison to its peers, SP Refractories stands out with a much lower PE ratio than Vesuvius India Ltd. at 48.3 and RHI Magnesita India Refractories Ltd. at 46.14, both of which are categorized as very expensive. Additionally, SP Refractories' ROCE of 20.64% and ROE of 19.91% reflect strong operational efficiency, yet the overall market sentiment and recent stock performance, including a year-to-date decline of 23.33% compared to a 6.24% gain in the Sensex, reinforce the view that the stock is currently overvalued.

What is the technical trend for SP Refractories?

As of May 6, 2025, SP Refractories shows a mildly bearish trend overall, with bearish signals from the RSI and moving averages, despite some mild bullishness in the weekly MACD.

As of 6 May 2025, the technical trend for SP Refractories has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD shows a mildly bearish outlook. The weekly RSI is bearish, and Bollinger Bands are bearish on both weekly and monthly time frames. Daily moving averages are mildly bearish, and the KST is mildly bearish on a weekly basis. Dow Theory indicates a bearish trend on the weekly chart with no trend on the monthly. Overall, the current technical stance is mildly bearish, primarily driven by the bearish signals from the RSI and moving averages, despite some mild bullishness in the MACD and OBV on a weekly basis.

When is the next results date for SP Refractories?

No Upcoming Board Meetings

Has SP Refractories declared dividend?

No Dividend History Available