IFGL Refractories Ltd - Stock Valuation and Financial Performance

BSE: 540774 | NSE: IFGLEXPOR | Refractories | Small Cap

IFGL Refractories Share Price

540.65 3.25 0.60%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on IFGL Refractories

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

IFGL Refractories stock performance -

mw4me loader
P/E Ratio (SA):
26.88
Market Cap:
1,948.5 Cr.
52-wk low:
202
52-wk high:
935.5

Is IFGL Refractories Ltd an attractive stock to invest in?

1. Is IFGL Refractories Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that IFGL Refractories Ltd is a below average quality company.

2. Is IFGL Refractories Ltd undervalued or overvalued?

The key valuation ratios of IFGL Refractories Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is IFGL Refractories Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of IFGL Refractories Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of IFGL Refractories:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
IFGL Refractories Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.8%6.7%13.6%7%3.2%5.1%5.9%8.5%10.5%9.4%-
Value Creation
Index
-0.3-0.50.0-0.5-0.8-0.6-0.6-0.4-0.3-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4043.946.5372443489499649787833894
Sales YoY Gr.-9.6%6.1%699.2%19.2%10.3%2%30.2%21.3%5.9%-
Adj EPS 11.76.926.360.247.28.312.717.417.120.1
YoY Gr.--41.2%281%129.5%-93.3%78.9%15.6%52.6%37.5%-2%-
BVPS (₹) 88.990.61211,515135.7140.4142.6155.1162.7172.7179.4
Adj Net
Profit
2.51.55.717.614.525.929.945.762.961.672
Cash Flow from Ops. 1.48.310.8-6.89.690.711990.99.862.5-
Debt/CF from Ops. 24.83.72.2-10.59.40.70.30.47.71.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 40.1%13.5%18.7%5.9%
Adj EPS 4.3%33.6%27.2%-2%
BVPS7.7%4.9%6.6%6.1%
Share Price - 17.5% 20.1% 161.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
14.57.724.8735.25.98.51110.211.4
Op. Profit
Mgn %
22.118.721.913.914.414.714.321.415.114.813.7
Net Profit
Mgn %
6.33.412.24.73.35.36787.48.1
Debt to
Equity
1.91.60.90.20.20.10.10.10.10.2-
Working Cap
Days
145194205143248220172138154173101
Cash Conv.
Cycle
10813110166125128103778911166

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.40%

Sales growth is growing at healthy rate in last 3 years 18.67%

Net Profit is growing at healthy rate in last 3 years 27.17%

Sales growth is not so good in last 4 quarters at 4.62%

Latest Financials - IFGL Refractories Ltd.

Standalone Consolidated
TTM EPS (₹) 20.1 27.4
TTM Sales (₹ Cr.) 894 1,614
BVPS (₹.) 179.4 290.9
Reserves (₹ Cr.) 611 1,012
P/BV 3.01 1.86
PE 26.88 19.77
From the Market
52 Week Low / High (₹) 201.95 / 935.50
All Time Low / High (₹) 64.10 / 935.50
Market Cap (₹ Cr.) 1,948
Equity (₹ Cr.) 36
Face Value (₹) 10
Industry PE 30.3

Management X-Ray of IFGL Refractories:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of IFGL Refractories

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales404447372443489499649787833
Operating Expenses 313736321380417427511669711
Manufacturing Costs44440445456628188
Material Costs172018184230251256304396460
Employee Cost 33338394244525661
Other Costs 811115966717193136102
Operating Profit 971051637271138119122
Operating Profit Margin (%) 22.1%15.0%21.9%13.7%14.3%14.7%14.3%21.2%15.1%14.7%
Other Income 1013134871413
Interest 3324554446
Depreciation 33337383939394144
Exceptional Items 0000000000
Profit Before Tax 307133433361018785
Tax 000-61176562424
Profit After Tax 30718232630456361
PAT Margin (%) 8.7%0.8%14.1%4.9%5.1%5.3%6.0%6.9%8.0%7.3%
Adjusted EPS (₹)11.91.322.562.36.37.28.312.417.517.0
Dividend Payout Ratio (%)0%0%0%3%32%35%30%80%40%41%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 192026442489506514559586622
Share Capital 2223363636363636
Reserves 171724439453470478523550586
Minority Interest0000000000
Debt302417668765323675100
Long Term Debt1711542000040
Short Term Debt13131261866532367560
Trade Payables368586961628510979
Others Liabilities 7788841323716372
Total Liabilities 595760654686636631752833873

Fixed Assets

Gross Block414244424428441471476519573
Accumulated Depreciation6913119152180214249285324
Net Fixed Assets353331304277261257227234249
CWIP 0001364181530
Investments 0006969102150184191189
Inventories45544508774101170172
Trade Receivables181719155207141125157180200
Cash Equivalents 10037994391
Others Assets12578733113223532
Total Assets 595760654686636631752833873

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1811-71091119911062
PBT 307133433361018785
Adjustment 77549433938394034
Changes in Working Capital -911-57-602840-32-93-28
Tax Paid 00-1-11-7-85-17-25-28
Cash Flow From Investing Activity -1-1-2-12-19-56-50-101-8-59
Capex -1-1-2-11-15-24-17-26-49-72
Net Investments 000-2-5-34-35-763810
Others 0001112123
Cash Flow From Financing Activity 0-8-939-35-623-2-3
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -6-6-67-3-3-20040
Interest Paid -3-3-2-4-4-4-2-1-2-5
Dividend Paid 0000-9-9-220-36-24
Others 91-1024-20-36437-15
Net Cash Flow 1-10-160-17-800
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)19.881.8828.687.764.855.225.838.3611.0410.12
ROCE (%)13.686.1716.385.736.856.487.1418.4314.5613.09
Asset Turnover Ratio0.760.760.791.090.670.740.790.940.990.98
PAT to CFO Conversion(x)0.33INF1.57-0.390.433.53.972.020.161.02
Working Capital Days
Receivable Days1081441398114813097797883
Inventory Days29373823395159496375
Payable Days5791146661019588898974

IFGL Refractories Ltd Stock News

IFGL Refractories Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of IFGL Refractories on 28-Mar-2024 16:01 is ₹540.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of IFGL Refractories stood at ₹1,948.5.
The latest P/E ratio of IFGL Refractories as of 28-Mar-2024 16:01 is 26.88.
The latest P/B ratio of IFGL Refractories as of 28-Mar-2024 16:01 is 3.01.
The 52-week high of IFGL Refractories is ₹935.5 and the 52-week low is ₹201.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of IFGL Refractories is ₹893.9 ( Cr.) .

About IFGL Refractories Ltd

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