IFGL Refractories Ltd

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592.4017.30 (3.01%)

12:00 AM,23rd Feb 2024

592.0019.05 (3.32%)

12:00 AM,23rd Feb 2024

BSE : 540774


Sector : Engineering

ISIN Code : INE133Y01011

  • NSE
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  • 6M
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Last Updated: Feb 23 2024 | 12:00 AM IST

Market Cap (₹ Cr)


Turnover (₹ Cr)


Volume (Shares)


Face Value


52-WK High


52-WK High Date

05 Dec 2023

52-WK Low


52-WK Low Date

28 Mar 2023

All Time High


All Time High Date

05 Dec 2023

All Time Low


All Time Low Date

24 Mar 2020

IFGL Refractories Ltd

IFGL Refractories Limited (Formerly IFGL Exports Limited) was incorporated in November 22 1989. The Company is a manufacturer and trader of Specialized Refractories items for producers of Iron and Steel plants. The Company also provides services in relation to refractory goods. The Company caters to both domestic and international markets. The manufacturing facilities of the Company are located in Kandla Special Economic Zone (SEZ) Gujarat and Kalunga Industrial Estate near Rourkela Odisha. The Company have operational subsidiaries in China Germany India UK and USA. It has a large pool of trained engineers and application specialists to offer customers total solution for Refractory for flow control in Steel Teeming and Continuous Casting of Steel. The Slide Gate Refractories Plant was started in the year 1984. Indo Flogates was a joint venture with Flogates Ltd UK and an exclusive Indian Licensee of Flocon Slide Gate Systems developed by US Steel Corporation through their wholly-owned subsidiary USS Engineers and Consultants Inc. This plant now manufacturers Slide Gate Systems and Refractories with the latest know-how from Krosaki Harima Corporation Japan a subsidiary of Nippon Steel Corporation.The Continuous Casting Refractories Plant set up in technical collaboration with Krosaki Harima Corporation Japan (then known as Harima Ceramics Corporation) started production in 1993 manufacturing Isostatically Pressed Continuous Casting Refractories and Magnesia Carbon Tap Hole Sleeves. The Company operates the Quality Management System which complies with the requirements of BS EN ISO 9001:2008 and ISO 14001:2004.The Company acquired Monocon Group in September 2005 with production facilities for Tundish Spraying Mass Refractory Darts Monolithic Lances Robotics for EAF Ladle and Tundish lining maintenance and Monolithics for EAF Ladle and Tundish. In December 2006 Monocon Group acquired Goricon Metallurgical Services Ltd Wales (UK) and Goricon LLC Ohio (USA) engaged in manufacture of Darts Lances Ladle Powders etc used by the Steel Industry.In July 2008 Hoffman Group was acquired with manufacturing facilities for Foundry Ceramics - Casting Filters Feeders SiC Chill Plates Pouring System and Monoblock Stopper High Grade fire proof refractory shapes Drawing tools and Tread Guides.In September 2010 the Company acquired EI Ceramics LLC and CUSC International Limited (CUSC) both Cincinnati Ohio based companies engaged in manufacture of Isostatically Pressed Continuous Casting Refractories.Hon'ble National Company Law Tribunal Kolkata Bench by passing an Order on 3rd August 2017 under Sections 230 and 232 of the Companies Act 2013 sanctioned a Scheme of Amalgamation for merger of erstwhile IFGL Refractories Ltd (IFGL) with the Company on and from 1st April 2016 being the Appointed Date. With e?ect from 1st April 2016 erstwhile IFGL Refractories Limited merged with the Company pursuant to a Scheme of Amalgamation approved by the National Company Law Tribunal Kolkata. The Scheme had become effective from 5th August 2017 following filing of Order of Hon'ble Tribunal with the Ministry of Corporate Affairs (Registrar of Companies) by the Company and IFGL on that date. The Scheme was accordingly given effect to in the FY 2016-17. In accordance with the provisions of aforesaid Scheme the Share swap ra!o was 1:1 i.e. for 1 Equity Share held in erstwhile IFGL Refractories Limited on the Record Date the Company issued and allotted 1 Equity Share of the face value of Rs 10/- each fully paid up. Pursuant to approved share swap ratio and the Scheme of Amalgamation the Company issued and allotted on 18th September 2017 34610472 Equity Shares of Rs 10/- each (with a premium of Rs 120 per share) to the Shareholders of erstwhile IFGL Refractories Limited. The Holding Company on 6th August 2016 issued and allotted 756000 Ordinary Shares of Rs 10/- each fully paid up Bonus Shares in the proportion of 3.5 Bonus Share of Rs 10/- each for every existing 10 (ten) Equity Shares Rs 10/- each.

IFGL Refractories Ltd - Key Fundamentals

Market Cap (₹ Cr)


EPS - TTM (₹) [C]


P/E Ratio (X) [C]


Face Value (₹) 10
Latest Dividend (%)70.00
Latest Dividend Date 18 Aug 2023
Dividend Yield (%) 1.18
Book Value Share (₹) [C]290.44
P/B Ratio (₹) [C]2.04
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
HDFC Small Cap Fund (G) 230.91 2799058 0.81
HDFC Small Cap Fund (IDCW) 230.91 2799058 0.81
HDFC Small Cap Fund - Direct (G) 230.91 2799058 0.81
HDFC Small Cap Fund - Direct (IDCW) 230.91 2799058 0.81
DSP India T.I.G.E.R. Fund (G) 44.18 535543 1.39
DSP India T.I.G.E.R. Fund - Direct (G) 44.18 535543 1.39
Aditya Birla SL Small Cap Fund (G) 41.28 500403 0.75
Aditya Birla SL Small Cap Fund (IDCW) 41.28 500403 0.75
Aditya Birla SL Small Cap Fund - Direct (IDCW) 41.28 500403 0.75
Aditya Birla SL Small Cap Fund - Direct (G) 41.28 500403 0.75

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Stock Strength

Today's Low/High



Year Low/High



All time Low/High



Share Price Returns

1 Week-4.07%%1.290.78%
1 Month-18.77%%4.244.59%
3 Month-31.97%%11.1212.17%
6 Month21.44%%12.1114.24%
1 Year151.34%%23.0726.85%
3 Year124.35%%47.4551.03%

Company Info

Company Information

Chairman & Wholetime Director : Shishir Kumar Bajoria

Managing Director : PRADEEP BAJORIA

Whole-time Director : Kamal Sarda

Independent Director : K S B Sanyal

Director : Yuzo Kawatsu


Independent Director : D K Banerji

Independent Director : Bharati Ray

Independent Director : Surendra Munshi

Independent Director : Sudhamoy Khasnobis

Company Secretary : Rajesh Agarwal

Additional Director : Kiyotaka Oshikawa

Registered Office: Sector B Kalunga Indl Estate, PO Kalunga,Sundergarh,Orissa-770031 Ph: 91-0661-2660195