ALFA Finder| Management target | Revenue 10.0% FY27 |
|---|
| Revenue growth | FY26 revenue up 14% to ₹1,904 Cr, organic volume-led growth. |
|---|---|
| Margins | Consolidated margins pressured by employee costs and lower export contribution. |
| Order book | Improving order books in UK/Europe; healthy domestic project execution. |
| Demand visibility | Strong domestic steel demand; gradual recovery expected in UK and Europe. |
| Management confidence | Balanced; acknowledging international headwinds while optimistic on India/US growth. |
Growth
FY26 revenue grew 14% to ₹1,904 Cr, led by 20% domestic growth; exports faced 11% headwinds.
Outlook
Management targets double-digit domestic volume growth and FY27 breakeven for underperforming international subsidiaries.
Risks
High attrition at top management and sensitivity to geopolitical freight costs remain primary bear-case triggers.
Last quarter's promises, checked
Delivered
- Targeted double-digit domestic growth → delivered 20% FY26 growth (= BEAT)
- Guided US market growth → delivered 25% revenue growth in FY26 (= BEAT)
- Targeted Phase 1 technology transfer from Sheffield → delivered Phase 1 completion (= BEAT)
Partly delivered
- Targeted margin stability → delivered consolidated margin contraction to 7.7% (= PARTIAL)
Missed
- Aimed for export stability → delivered 11% revenue decline (= MISS)
Earnings Call Transcript filed with NSE, 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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