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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
IFGL Refractories Limited is an India-based company, which is engaged in the manufacturing, trading, and selling of refractory items and its related equipment and accessories used in steel plants. The Company also provides services in relation to refractory goods. The Company…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, stagnant business, fully valued.
IFGL Refractories is scored on the general / industrial framework. It keeps a thin 1.8% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.83× reported profit. Free cash flow is worth about 3.4% of its market value.
Over the last 3 years revenue compounded at 11%/yr and profit at -24%/yr. Book value has grown 5%/yr. Return on equity is a weak 3.1%. In the latest quarter profit grew 19% versus the prior quarter.
At 36× earnings, the stock sits at the 70th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price implies ~15%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 30.44 | — | — |
| P/B | 1.06 | 1.32 | better |
| EV/EBITDA | 10.03 | — | — |
| ROE | 3.15 | 6.34 | worse |
| ROCE | 4.78 | 9.07 | worse |
| ROA | 2.45 | 0.62 | better |
| Quick Ratio | 1.37 | 4.96 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Raghav Productivity ENH L | 116.0 | 29.1 | 25.0% |
| Vesuvius India | 44.5 | 7.1 | 16.5% |
| RHI Magnesita India | -21.0 | 2.1 | 3.1% |
Revenue has grown every year across all 4 financial years shown. 11% CAGR over 3 years — steady double-digit compounder. Growth is accelerating — latest year outpaced the prior year's rate.
Revenue is outpacing profit (11% vs -24%) — costs are rising faster than the top line.
Operating margin has compressed from 8% to 2% — costs or competition are eating into profitability. Margins have declined for 3 consecutive years — watch for a structural cost problem.
ROE at 3% — modest; the capital isn't working hard.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (-24% vs -40%) — share dilution is eroding per-share value. -40% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.8× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 6% sequentially — momentum is building. Low quarterly variance (9% spread) — a predictable, non-seasonal revenue stream.
1 of 4 quarters loss-making — quarterly profitability is uneven. Profit jumped 19% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 72.4% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.