IFGL Refractories Ltd.
Snapshot View

408.75 +6.00 ▲1.5%

30 July 2021, 04:00:00 P.M.
Volume: 9,318

Overview View Details

Sector Capital Goods Compare with Sector peers
Industry Refractories Compare with Industry peers
Website http://www.ifglref.com
Financial Indicators
Market Cap 1,484.64 Cr.
Earnings per share (EPS) 18.20 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 22.63 Trailing Twelve Months Ending 2021-03
Industry PE 41.48 Trailing Twelve Months Ending 2021-03
Book Value / Share 247.09 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.67 Calculated using Price: 411.95
Dividend Yield 2.43 Period Ending 2021-03
No. of Shares Subscribed 3.60 Cr. 36,039,312 Shares
FaceValue 10
Company Profile

IFGL Refractories is a manufacturer of Specialised Refractories and requisite Operating Systems for Iron and Steel Industry. IFGL 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.

IFGL operates the Quality Management System which complies with the requirements of BS EN ISO 9001:2008 and ISO 14001:2004.

IFGL 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.
• 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 IFGL acquired EI Ceramics LLC and CUSC International Limited (CUSC), both Cincinnati, Ohio based companies engaged in manufacture of Isostatically Pressed Continuous Casting Refractories.

IFGL merged with its subsidiary, IFGL Exports Limited, also engaged in manufacture of Continuous Casting Refractories at new area of Kandla Special Economic Zone, in the state of Gujarat (India), on and from April 1, 2016 following an Order passed on August 3, 2017 by the Hon'ble National Company Law Tribunal, Kolkata Bench. Subsequently on and from October 25, 2017 name of said IFGL Exports Limited has changed to IFGL Refractories Limited.

IFGL now have manufacturing facilities in China, Germany, India, UK and USA.

IFGL, an Indian Multinational Company from S K Bajoria Group, is listed both on BSE and NSE in India

Business area of the company:

The company is engaged in manufacture of Iso-statically pressed Continuous Casting Refractories for use by producers of Iron and Steel.

Product:

  • Isostatic Refractories
  • Slide Gate Refractories
  • Tube Changer System & Refractories
  • Purging System & Refractories
  • Cast Products & Monolithic
  • Zircon & Zirconia Nozzles
  • Engineering Division
  • Foundry Ceramics
  • Wire Guides
  • Heating Oven

Awards:

• IRMA Award for Overall Excellence in Export Performance for Financial Year 2016-17
• CAPEXIL Special Export Award 2014-2015 
• CAPEXIL Special Export Award 2013-2014
• Certificate of Merit by Directorate of Export Promotion and Marketing, MSME Department Government-of Odisha for the Year 2011-2012 
• Certificate of Merit by Directorate of Export Promotion and Marketing, MSME Department, Goverrnment of Odisha for the Year 2013-2014 
• IRMA Award for achieving Highest in Export Performance for Financial Year 2015-16
• Certificate of Recognition – Two Star Export House valid from March 4, 2016 to March 3, 2021 
• CAPEXIL Special Export Award 2012-2013 
• IRMA Award for Overall Excellence in Export Performance for FY 2013-14
• Certificate of Recognition - Star Export House valid from April 1, 2014 to March 31, 2019 
• CAPEXIL Special Export Award 2011-2012 
• Certificate of Recognition Rashtriya Ispat Nigam Limited
• CAPEXIL Special Export Award 2010-2011 
• RMA Award for Exports for FY 2010-11
• IRMA Award for Financial Year 2010-11 for Overall Excellence in Export Performance 
• CAPEXIL Special Export Award 2009-2010
• RMA Award for Financial Year 2009-10 for Overall Excellence in Export Performance
• Certificate of Recognition - Star Export House valid from April 1, 2009 to March 31, 2014  
• CAPEXIL Special Export Award 2008-2009 IRMA Award for Financial Year 2008-09 for Overall Excellence in Export Performance
• CAPEXIL Special Export Award 2007-08  
• IRMA Award for Financial Year 2007-08 for Overall Excellence in Export Performance
• IRMA Award for Sustained Improvement in Export for the years 2005-06, 2006-07 and 2007-08 
• Award given by Hon'ble Mr. Kamal Nath, Union Minister for Commerce & Industry, Govt. of India on October 1, 2007 
• CAPEXIL Special Export Award 2006-07 
• Certificate of Recognition - Star Export House valid from 1st April, 2007 to March 31, 2009 
• IRMA Award for Financial Year 2006-07 for Highest Refractories Export Performance 
• CAPEXIL Special Export Award 2005-06
• IRMA Award for Financial Year 2005-06 for Excellence in Export Performance
• Award given by P. Chidambaram, Union Finance Minister, Govt. of India on  October 8, 2005  
• CAPEXIL Special Export Award 2004-05 
• CAPEXIL Special Export Award 2003-04 
• Certificate of Recognition - One Star Export House valid from 1st April, 2004 to  March 31, 2007  
• CAPEXIL Special Export Award 2002-03
• Certificate of Recognition - Export House valid from 1st April, 2003 to  March 31, 2007

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+1.49%
1 Week
+2.02%
1 Month
+6.09%
3 Month
+9.50%
6 Month
+73.49%
1 Year
+276.21%
2 Year
+173.14%
5 Year
5 years 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 7.66 6.71 6.53 2.43 7.72
Return on Capital Employed (%) 7.67 8.14 7.75 3.85 14.12
Return on Assets (%) 5.24 4.72 4.90 1.90 5.94

Balance Sheet View Details

Particulars 5 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Shh. Funds 686 752 795 809 890
Non Curr. Liab. 76 67 21 31 70
Curr. Liab. 192 223 204 184 224
Minority Int. 0
Equity & Liab. 953 1,042 1,019 1,024 1,184
Non Curr. Assets 550 536 486 456 456
Curr. Assets 403 506 533 568 727
Misc. Exp. not W/O
Total Assets 953 1,042 1,019 1,024 1,184

Profit Loss View Details

Particulars 5 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Net Sales 766 835 950 917 1,022
Other Income 4 14 6 11 21
Total Income 770 850 956 928 1,042
Total Expenditure -667 -739 -843 -826 -867
PBIDT 103 110 114 103 176
Interest -5 -4 -4 -4 -3
Depreciation -44 -44 -46 -48 -49
Taxation -5 -15 -14 -11 -59
Exceptional Items -21
PAT 50 47 50 19 66

Cash Flow View Details

Particulars 5 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 28 41 109 150 139
Cash Fr. Inv. 0 -48 -71 -54 -106
Cash Fr. Finan. -4 18 -37 -66 -5
Net Change 23 11 2 30 28
Cash & Cash Eqvt 54 74 76 110 148

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 72.43 72.43 72.43 72.43 72.43 72.43 72.43 72.43 72.43
Public 27.57 27.57 27.57 27.57 27.57 27.57 27.57 27.57 27.57
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Mon, 26 Jul 2021
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
The Company has received intimation copy whereof is attached herewith that following Certificate has either got misplaced or lost and hence duplicate in lieu thereof be issued.
Thu, 22 Jul 2021
Announcement under Regulation 30 (LODR)-Newspaper Publication
Please find enclosed herewith copy of Addendum to the Notice published in terms of provisions of Section 108 of Companies Act 2013 read with Rule 20 of Companies ( Management and Administration) Rules 2014 on Thursday 22nd July in newspapers Business Standard and Pratidin - Odiya Newspaper with respect to 14th Annual General Meeting scheduled to be held on Saturday 7th August 2021 through Video Conferencing/Other Audio Visual Means. Copy of said publications are also being hosted on Companys Website: www.ifglref.com.
Wed, 21 Jul 2021
Disclosure Under Regulation 34 Read With Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015<BR> <BR>
With reference to the Notice dated 5th June 2021 (AGM Notice) to the members for convening and holding 14th Annual General Meeting (AGM) of the Company on Saturday 7th August 2021 at 11 AM (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM) soft copy whereof was sent to you vide our letter dated 12th July 2021.

Technical Scans View Details

Fri, 30 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Increasing Relative Strength - Benchmark index Increasing Relative Strength - Benchmark index
Increasing Relative Strength - Sectoral Index Increasing Relative Strength - Sectoral Index
Close Within 2 Year High Zone Close Within 2 Year High Zone
Both SRS And ARS Above Zero Both SRS And ARS Above Zero

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