# IFGL Refractories share price today (IFGL Refractories Ltd, NSE: IFGLEXPOR)

> IFGL Refractories share price today: ₹166.09 at the NSE close on 3 November 2026, down 32.9% in a year. IFGL Refractories (NSE: IFGLEXPOR) is worth ₹1,198 crore, trades at a P/E of 27.9 and has closed between ₹131.32 and ₹235.37 over the past 52 weeks. > IFGL Refractories Ltd's share price has fallen more than its earnings. Earnings per share fell 19.3% in a year while the price moved −32.9%. IFGLEXPOR · Refractories · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/ifgl-refractories-ltd

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹166.09 (−32.9% in a year)
- P/E: 27.9× (higher than 75% of the last 9 years)
- Revenue (Jun 2026): ₹512 Cr (+12.8% on a year ago)
- Profit (Jun 2026): ₹17.0 Cr (+54.5% on a year ago)
- Operating margin: 7.0% (−1.0 points on a year ago)
- ROCE: 5%, FY26
- ROIC: 5.5%, against a 12.0% cost of capital: −6.5 points

Biggest thing to watch: the P/E is higher than 75% of its own history, so the multiple has already done part of the work. ## What is the IFGL Refractories share price today? IFGL Refractories Ltd's share price was ₹166.09 at the close on 3 November 2026. It has been falling for 2 weeks. That is 15.6% 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 33% of the way up from that low. 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 +6% 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. ## What changed at IFGL Refractories this quarter? 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. ## What are IFGL Refractories' latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹512 crore | ₹454 crore | +12.8% |
| Profit | ₹17.0 crore | ₹11.0 crore | +54.5% |
| Earnings per share | ₹2.37 | ₹1.50 | +58.0% |
| Operating margin | 7.0% | 8.0% | −1.0 points |

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.)

## What is the IFGL Refractories share price history? IFGL Refractories closed at ₹166.09 on 3 November 2026, down 32.9% from ₹247.40 a year earlier (31 October 2025) and up 5.6% over five years. Its highest weekly close since November 2017 was ₹445.50 on 8 December 2023. ### IFGL Refractories share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹158.26 | +4.9% |
| 1 month ago · 1 Oct 2026 | ₹189.57 | −12.4% |
| 6 months ago · 30 Apr 2026 | ₹189.83 | −12.5% |
| 1 year ago · 31 Oct 2025 | ₹247.40 | −32.9% |
| 3 years ago · 3 Nov 2023 | ₹251.25 | −33.9% |
| 5 years ago · 4 Nov 2021 | ₹157.30 | +5.6% |
| Earliest weekly close in our records · 17 Nov 2017 | ₹157.13 | +5.7% |
| Highest weekly close since November 2017 · 8 Dec 2023 | ₹445.50 | −62.7% |
| Lowest weekly close since November 2017 · 27 Mar 2020 | ₹42.35 | +292.2% |
| 52-week high (weekly close) · 7 Nov 2025 | ₹235.37 | −29.4% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹131.32 | +26.5% |

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 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (477 weekly closes from 17 November 2017 to 3 November 2026.)

## What is the latest news on IFGL Refractories? 3 Nov 2026: IFGL Refractories closed at ₹166.09, up 4.9% on the week and down 12.4% 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). ## What dividend does IFGL Refractories pay? IFGL Refractories paid ₹2.15 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 1.29% at the ₹166.09 close on 3 November 2026. The last was a dividend of ₹2.15 a share, ex-date 29 July 2026. ### IFGL Refractories dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 29 Jul 2026 | ₹2.15 | Dividend |
| 6 Jun 2025 | ₹1 | Dividend |
| 13 May 2025 | ₹6 | Interim |
| 24 Jul 2024 | ₹7 | Dividend |
| 18 Aug 2023 | ₹7 | Dividend |
| 20 Sep 2022 | ₹7 | Dividend |
| 29 Jul 2021 | ₹10 | Dividend + Special |

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. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did IFGL Refractories management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/10783/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 11 August 2026.)

## What to watch in IFGL Refractories' next results? 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. - What to check (from the call)
- Domestic growth to reach the stated year-end floor - check whether the home market re-accelerates after the higher-base explanation. - British Steel restart, Sheffield offtake and European losses - check whether recovery advances toward the stated break-even objectives. - Customer price pass-through versus raw-material and LPG inflation - check whether profitability begins recovering across individual contracts. - Sheffield product accreditation and domestic availability - check whether transferred products move beyond marketing trials. ## Which stock lists is IFGL Refractories on? IFGL Refractories is not on any of our India lists this week. ## Is IFGL Refractories profitable? 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. 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. ## How much revenue does IFGL Refractories make, and is it growing? 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. 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). ## How much of every ₹100 of sales does IFGL Refractories keep? 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. 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. ## Is IFGL Refractories' profit turning into cash? 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. 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. ## Where does IFGL Refractories' cash go? 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. 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. ## What is IFGL Refractories' P/E ratio, and how does it compare with its own history? IFGL Refractories Ltd's P/E is 27.9×, near the high end of its own history: higher than 75% 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. 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 −32.9%. 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 +1.1% a year; about −10.1% a year came from earnings growth and about +11.2 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. ## Is the IFGL Refractories business getting better or worse? 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. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## How much does IFGL Refractories earn on its capital? IFGL Refractories Ltd earned a ROCE of 5% in FY26. Its return on capital used (ROIC) is 6.5 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 1.8% net margin and 1.14× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 1.8% net margin × 1.14× asset turnover × 1.42× leverage (assets divided by equity) ≈ 2.9% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 5.5% − 12.0% = −6.5 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does IFGL Refractories have too much debt? IFGL Refractories Ltd has total debt of ₹209 Cr against shareholder equity of ₹1,175 Cr as of Jun 2026, so its debt is 0.18× its equity, which is very little. Year by year, that ratio went from 0.11 in FY22 to 0.18 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the IFGL Refractories shareholding pattern? Domestic institutions cut their stake in IFGL Refractories Ltd by 1.1 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 12.9% of the company. Foreign institutions moved −0.2 points over the same period, to 0.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −1.1 points over 8 quarters, to 12.9%; Foreign institutions: −0.2 points over 8 quarters, to 0.0%; Promoters: +0.0 points over 8 quarters, to 72.4%. Why the owners changed: domestic institutions drove it (−1.1 points). They reduced their stake. ## How far is IFGL Refractories from balance-sheet trouble? For IFGL Refractories Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does IFGL Refractories rank in its industry? 37.9 out of 100, rank 5 of 8 in Refractories, with 96% of the evidence available. IFGL Refractories Ltd scores 37.9 out of 100 against the 8 companies it is compared with in Refractories, ranking 5. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 16.4 + 4.6 + 13.4 + 3.5 = 37.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is IFGL Refractories compared with? IFGL Refractories ranks 5 of 8 Refractories companies on the 4-Factor Sector Score, with 37.9 out of 100. 1. [Monolithisch India Ltd](https://www.sectoralpha.in/stocks/monolithisch-india-ltd) MONOLITH · leader · Sector-leading setup · 83% evidence 81.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 34.0/35 · Revenue 58.4% · Profit 100% · Operating margin change 10 points · 100% evidence Capital efficiency 19.0/25 · ROCE 34.8% · Operating margin 29% · 100% evidence Valuation 8.9/20 · P/E 78.9× · PEG n/a · 15% evidence Relative strength 20.0/20 · Lead over its industry 64.5% · Lead over NIFTY 500 89.7% · 1 year 177.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 34 + 19 + 8.9 + 20 = 81.9 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Orient Ceratech Ltd](https://www.sectoralpha.in/stocks/orient-ceratech-ltd) ORIENTCER · losing its lead · Most evidence points up · 81% evidence 69.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.5/35 · Revenue 24.4% · Profit 100% · Operating margin change 8 points · 88% evidence Capital efficiency 11.3/25 · ROCE 10.4% · Operating margin 16.1% · 100% evidence Valuation 18.6/20 · P/E 13.8× · PEG 0.99 · 100% evidence Relative strength 9.6/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.3% · 1 year 5.8% · 25% evidence · 8 of 11 weeks ahead Exact sum: 29.5 + 11.3 + 18.6 + 9.6 = 69 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Raghav Productivity Enhancers Ltd](https://www.sectoralpha.in/stocks/raghav-productivity-enhancers-ltd) RPEL · leader · Most evidence points up · 100% evidence 65.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.2/35 · Revenue 38.2% · Profit 54.4% · Operating margin change 1 points · 100% evidence Capital efficiency 19.6/25 · ROCE 30.3% · Operating margin 30% · 100% evidence Valuation 2.5/20 · P/E 109× · PEG 2.31 · 100% evidence Relative strength 17.0/20 · Lead over its industry 36.4% · Lead over NIFTY 500 58.8% · 1 year 113% · 100% evidence · 12 of 12 weeks ahead Exact sum: 26.2 + 19.6 + 2.5 + 17 = 65.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 4. [Foseco Crucible (India) Ltd](https://www.sectoralpha.in/stocks/foseco-crucible-indialtd) leader · Evidence leans up · 72% evidence 59.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.3/35 · Revenue 2.3% · Profit -7.7% · Operating margin change 8 points · 95% evidence Capital efficiency 20.8/25 · ROCE 33.2% · Operating margin 36% · 95% evidence Valuation 11.8/20 · P/E 23× · PEG n/a · 50% evidence Relative strength 11.4/20 · Lead over its industry n/a · Lead over NIFTY 500 29.4% · 1 year 18.2% · 25% evidence · 12 of 12 weeks ahead Exact sum: 15.3 + 20.8 + 11.8 + 11.4 = 59.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. IFGL Refractories Ltd this page IFGLEXPOR · quiet · Evidence leans down · 96% evidence 37.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.4/35 · Revenue 15.4% · Profit 41.4% · Operating margin change -1 points · 88% evidence Capital efficiency 4.6/25 · ROCE 4.9% · Operating margin 7% · 100% evidence Valuation 13.4/20 · P/E 27.4× · PEG 0.5 · 100% evidence Relative strength 3.5/20 · Lead over its industry -26.1% · Lead over NIFTY 500 -10.3% · 1 year -34.1% · 100% evidence · 6 of 12 weeks ahead Exact sum: 16.4 + 4.6 + 13.4 + 3.5 = 37.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Vesuvius India Ltd](https://www.sectoralpha.in/stocks/vesuvius-india-ltd) VESUVIUS · quiet · Most evidence points down · 96% evidence 29.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.9/35 · Revenue 8.9% · Profit 2.8% · Operating margin change -1 points · 88% evidence Capital efficiency 12.3/25 · ROCE 21.3% · Operating margin 16% · 100% evidence Valuation 5.2/20 · P/E 28.6× · PEG 6.3 · 100% evidence Relative strength 1.0/20 · Lead over its industry -33.5% · Lead over NIFTY 500 -18.1% · 1 year -27% · 100% evidence · 0 of 12 weeks ahead Exact sum: 10.9 + 12.3 + 5.2 + 1 = 29.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [RHI Magnesita India Ltd](https://www.sectoralpha.in/stocks/rhi-magnesita-india-ltd) RHIM · quiet · Most evidence points down · 86% evidence 29.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.7/35 · Revenue 8.4% · Profit -80% · Operating margin change 3 points · 88% evidence Capital efficiency 5.1/25 · ROCE 6.5% · Operating margin 14% · 100% evidence Valuation 10.9/20 · P/E 38.4× · PEG n/a · 50% evidence Relative strength 4.5/20 · Lead over its industry -26.5% · Lead over NIFTY 500 -9.8% · 1 year -26.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 8.7 + 5.1 + 10.9 + 4.5 = 29.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Morganite Crucible (India) Ltd](https://www.sectoralpha.in/stocks/morganite-crucible-indialtd) MORGANITE · Too little evidence to rank firmly · 40% evidence 52.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.0/43.75 · Revenue 3% · Profit -9.3% · Operating margin change 7.3 points · 45% evidence Capital efficiency 21.6/31.25 · ROCE 30.4% · Operating margin 30.8% · 57% evidence Valuation 10.9/25 · P/E 30.2× · PEG n/a · 50% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 20 + 21.6 + 10.9 = 52.5 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Refractories](https://www.sectoralpha.in/sectors/refractories), all 8 compared on one page. ## Which companies are close to IFGL Refractories in size? IFGL Refractories is the 5th largest of 8 Refractories companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Vesuvius India, RHI Magnesita India and Monolithisch India. Just below it: Foseco Crucible (India), Morganite Crucible (India) and Orient Ceratech. ### Refractories companies close in size

1. [Vesuvius India Ltd](https://www.sectoralpha.in/stocks/vesuvius-india-ltd) ₹7,314 crore
2. [RHI Magnesita India Ltd](https://www.sectoralpha.in/stocks/rhi-magnesita-india-ltd) ₹7,192 crore
3. [Monolithisch India Ltd](https://www.sectoralpha.in/stocks/monolithisch-india-ltd) ₹2,796 crore
4. IFGL Refractories Ltd ₹1,176 crore
5. [Foseco Crucible (India) Ltd](https://www.sectoralpha.in/stocks/foseco-crucible-indialtd) ₹1,032 crore
6. [Morganite Crucible (India) Ltd](https://www.sectoralpha.in/stocks/morganite-crucible-indialtd) ₹748 crore
7. [Orient Ceratech Ltd](https://www.sectoralpha.in/stocks/orient-ceratech-ltd) ₹467 crore

[All 8 Refractories companies, largest first](https://www.sectoralpha.in/sectors/refractories#all-companies)

### Companies close in size in other industries

1. [ICE Make Refrigeration Ltd](https://www.sectoralpha.in/stocks/ice-make-refrigeration-ltd) ₹1,185 crore · Refrigeration
2. [Macfos Ltd](https://www.sectoralpha.in/stocks/macfos-ltd) ₹1,179 crore · E-Commerce - Platform - Utility
3. IFGL Refractories Ltd ₹1,176 crore
4. [Manali Petrochemicals Ltd](https://www.sectoralpha.in/stocks/manali-petrochemicals-ltd) ₹1,176 crore · Petrochem - Polymers
5. [B.L.Kashyap & Sons Ltd](https://www.sectoralpha.in/stocks/blkashyap-sons-ltd) ₹1,175 crore · Construction - Civil/Turnkey

## What else do people ask about IFGL Refractories? ### What is IFGL Refractories's share price today? IFGL Refractories Ltd's share price is ₹166.09, −32.9% over the past year. The whole company is worth ₹1,198 Cr on the market. In the last 52 weeks it traded between ₹131 to ₹235; today it is 33% of the way up from the low, 15.6% below its 200-day average (as of 3 November 2026). ### What were IFGL Refractories's latest quarterly results? IFGL Refractories Ltd reported revenue of ₹512 Cr and net profit of ₹17.0 Cr for the Jun 2026 quarter. Revenue rose 12.8% and profit rose 54.5% compared with a year earlier. Earnings per share were ₹2.37. The operating margin was 7.0%, 1.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is IFGL Refractories's market cap? IFGL Refractories Ltd's market capitalisation is ₹1,198 Cr at a share price of ₹166.09. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is IFGL Refractories performing? IFGL Refractories Ltd's share price has been falling for 2 weeks. In its latest quarter, revenue rose 12.8% and profit rose 54.5% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 7 weeks running (as of 3 November 2026). ### Will IFGL Refractories's share price go up? This page does not forecast IFGL Refractories Ltd's share price. What it shows instead: the share price is ₹166.09, and it has been falling for 2 weeks. Its P/E of 27.9× is higher than 75% of its own last 9 years (as of 3 November 2026). ### Who owns IFGL Refractories? Promoters own 72.4% of IFGL Refractories Ltd, foreign institutions 0.0%, domestic institutions 12.9% and the public 14.7% (latest quarter). The biggest change over the last two years: Domestic institutions cut their stake by 1.1 percentage points over 8 quarters (as of 3 November 2026). ### Where is IFGL Refractories in its business cycle? IFGL Refractories Ltd's FY26 operating margin was 7.0%, against a 10-year range of 7.0% to 15.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 7.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the IFGL Refractories story? Biggest thing to watch: the P/E is higher than 75% of its own history, so the multiple has already done part of the work. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is IFGL Refractories a stock worth studying right now? What the numbers show: IFGL Refractories Ltd's share price has fallen more than its earnings. Earnings per share fell 19.3% in a year while the price moved −32.9%. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a IFGL Refractories share price forecast for 2026? What management itself guided: Domestic business planned for at least double-digit growth by FY27 year-end. This is research, not advice. We’re not SEBI-registered.