IFGL Refractories share price today

IFGL Refractories Ltd's share price was ₹175.18 at the close on 5 November 2026. It has been falling for 2 weeks. That is 10.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹131 and ₹235, and at that close it sat 42% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today IFGL Refractories Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 7 weeks running.

Over the last 9 years the share price moved +11% while the NIFTY 500 moved +138%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 25 September 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 7 quarters in a row, indian funds and insurers (DIIs) cut their stake for 3 quarters in a row and highest quarterly revenue in 15 quarters.

1. Revenue up on a year earlier for 7 quarters in a row

   In the June 2026 quarter revenue was ₹512 crore, +12.8% on a year earlier.

   Why: Sales rose because overseas operations led the growth, and the US business sold more than a year earlier.

   Next results: check whether domestic sales speed up after the higher base.

   From the earnings call on 11 Aug 2026.

2. Indian funds and insurers (DIIs) cut their stake for 3 quarters in a row

   From 13.5% to 12.9% of the company by the September 2026 quarter.

3. Highest quarterly revenue in 15 quarters

   Revenue of ₹512 crore in the June 2026 quarter is the highest of the last 15 quarters.

   Why: The quarter was the best because overseas operations led the growth, and the US business sold more than a year earlier.

   From the earnings call on 11 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), IFGL Refractories reported revenue of ₹512 crore, up 12.8% from ₹454 crore a year earlier, and a profit of ₹17.0 crore, up 54.5% from ₹11.0 crore.

IFGL Refractories results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

IFGL Refractories' management discussed these results on a call held on 11 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

IFGL Refractories closed at ₹175.18 on 5 November 2026, down 25.6% from ₹235.37 a year earlier (7 November 2025) and up 11.4% over five years. Its highest weekly close since November 2017 was ₹445.50 on 8 December 2023.

IFGL Refractories share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 5 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

477 weekly closes from 17 November 2017 to 5 November 2026.

5 Nov 2026: IFGL Refractories closed at ₹175.18, up 7.4% on the week and down 3.0% on the month. 11 Aug 2026: IFGL Refractories held its results call for April to June 2026. Management guided: Domestic business planned for at least double-digit growth by FY27 year-end.

Earlier

• 29 Jul 2026: ex-date for a dividend of ₹2.15 a share.
• Results for April to June 2026: Revenue up 12.8% and profit up 54.5% on a year earlier.
• 18 Jul 2025: Bonus issue: 1 new share for every 1 held (ex-date).

IFGL Refractories paid ₹2.15 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 1.23% at the ₹175.18 close on 5 November 2026. The last was a dividend of ₹2.15 a share, ex-date 29 July 2026.

IFGL Refractories dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. IFGL Refractories Ltd paid out 45% of its profit as dividends in FY26, and it paid a dividend in each of its last 10 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 11 August 2026, IFGL Refractories' management guided: Domestic business planned for at least double-digit growth by FY27 year-end.

“For the consolidated business, we are trying to achieve a double-digit EBITDA margin. It all depends on how the geopolitical situation develops and how overseas demand supports us. However, we will be back at that level for sure.”Amit Agarwal, CFO, on the call for April to June 2026

What management guided

• Hofmann Ceramics objective to reduce losses and reach break-even by FY27 year-end; Monocon UK to move toward break-even.
• Consolidated operating margin to return to double-digit level.
• Temporary customer price increases to continue while elevated input costs persist.
• Standalone employee costs not expected to exceed the current level; consolidated employee cost remains a focus.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 11 August 2026.

When IFGL Refractories reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Domestic growth to reach the stated year-end floor - check whether the home market re-accelerates after the higher-base explanation.

IFGL Refractories is not on any of our India lists this week.

IFGL Refractories Ltd earned ₹17.0 Cr of net profit in the Jun 2026 quarter, +54.5% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹35.0 Cr. Over 9 years profit has grown −3.9% a year on average. That is 3.3% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹11.0 Cr. 2 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹35.0 Cr (−18.6% on the year before).

Why profit moved: revenue changed +12.8% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +45.9% and revenue +15.8%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

IFGL Refractories Ltd reported ₹512 Cr of revenue in the Jun 2026 quarter, +12.8% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. Over 9 years it has grown 10.6% a year on average. The last full year, FY26, came in at ₹1,894 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹1,953 Cr.

FY26 revenue was ₹1,894 Cr, +14.6% on the year before.

Recent pace: the last four quarters grew +15.8% on average, against 10.6% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +15.4%, against +9.4% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +41.4%, against −27.5% a year (accelerating).

IFGL Refractories Ltd's operating margin was 7.0% in the Jun 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Across 10 years it has been between 7.0% and 15.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −0.7 percentage points on the year while gross margin changed −0.4 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 152% of IFGL Refractories Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹63.0 Cr of operating cash against ₹35.0 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹111 Cr of spending on assets, free cash was −₹48.0 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 152% of profit came in as cash: the cash cycle got 57 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

IFGL Refractories Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 148 days in FY26, up from 91 days in FY21. It spent ₹322 Cr on assets over the last 3 years. Customers take 82 days to pay, and stock sits for 152 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,894 Cr, each day of that cycle ties up about ₹5.2 Cr, so roughly ₹768 Cr is tied up in the business at any time.

FY26: customers took 82 days to pay and stock sat for 152 days, about 5.0 months of sales sitting as stock, for a full cycle of 148 days, longer than FY21's 91.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 152 days. Customers pay about 82 days after that. Suppliers are paid at 86 days. Together that makes the 148-day cycle.

Spending on assets: ₹322 Cr over the last 3 years, against ₹217 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹41.0 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

IFGL Refractories Ltd's P/E is 29.5×, near the high end of its own history: higher than 80% of past readings. Its usual P/E (the middle reading) is 18.1×, over 9 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹5.68.

Why the multiple is where it is: over the past year earnings per share moved −19.3% while the price moved −25.6%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 5 years the price moved +2.2% a year; about −10.2% a year came from earnings growth and about +12.4 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

IFGL Refractories Ltd's business is turning around. Profit growth has swung from −51.5% at its low to +41.4%, improving for 5 quarters in a row, with ROCE steady at 5.5%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.