ALFA Finder| Revenue growth | Consolidated FY26 grew 14% YoY; domestic FY26 grew 20% YoY. |
|---|---|
| Margins | Consolidated EBITDA margin at 7.7% for FY26; impacted by product mix. |
| Order book | Order books are strengthening and customer engagement levels are increasing. |
| Demand visibility | Strong Indian steel capacity expansion plans provide long-term demand visibility. |
| Management confidence | High in domestic steel demand; optimistic on U.S. and European recovery. |
Growth
FY26 Consolidated Revenue up 14% to ₹1,904cr; Standalone FY26 Total Income up 10% to ₹1,117cr.
Outlook
Targeting double-digit domestic growth for FY27; Khurda greenfield project underway; targeting Monocon breakeven by Q4FY27.
Risks
Geopolitical uncertainties impacting exports; elevated raw material and shipping costs; LPG availability issues in West Asia.
Last quarter's promises, checked
Delivered
- Guided 35%-40% TRM revenue share → delivered 35%-40% (= BEAT)
- Guided US growth rebound → delivered 37% YoY revenue growth (= BEAT)
- Guided 12% minimum standalone EBITDA margin → delivered 11% 9MFY26 (= BEAT)
Partly delivered
- Guided Khurda project progress → commenced but completion target remains FY28 (= PARTIAL)
Missed
- Guided technology transfer by Dec 2025 → delayed to March 2026 (= MISS)
- Guided 12% consolidated EBITDA margin → delivered 7.3% 9MFY26 (= MISS)
Earnings Call filed with BSE, NSE: IFGLEXPOR. Summary written with AI assistance from the document.
IFGL Refractories Ltd: key numbers
- Share price
- ₹180.01
- Market cap
- ₹1,297 Cr
- Revenue (annual)
- ₹1,894 Cr
- Net profit (annual)
- ₹34.70 Cr
- P/E (TTM)
- 31.7×Sector 51.9×
- Promoter holding
- 72.43%+0.00% QoQ
- FII holding
- 0.02%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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