SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

IFGL Refractories shines as its arm completes initial expansion of its manufacturing facilities in Sharonville

07 Apr 2015 Evaluate

IFGL Refractories is currently trading at Rs. 137.50, up by 3.90 points or 2.92% from its previous closing of Rs. 133.60 on the BSE.

The scrip opened at Rs. 134.65 and has touched a high and low of Rs. 138.70 and Rs. 133.00 respectively. So far 11830 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 218.25 on 09-Sep-2014 and a 52 week low of Rs. 57.00 on 07-Apr-2014.

Last one week high and low of the scrip stood at Rs. 138.70 and Rs. 112.50 respectively. The current market cap of the company is Rs. 475.55 crore.

The promoters holding in the company stood at 71.30% while Institutions and Non-Institutions held 2.80% and 25.90% respectively.

IFGL Refractories’ US subsidiary, El Ceramics LLC has completed initial expansion of its manufacturing facilities in Sharonville and Fairfield Ohio in December 2014. This has resulted in a capacity increase to the main line Sharonville ISO Plant from previous 85,000 pcs per annum to a new current level of 126,000 pcs per annum.

Also, in Fairfield the installation of a completely new plant for the manufacture of the Clay graphite foundry stoppers with a capacity of 10,000 pcs per annum. Total capital expenditure for the project has been partly financed through internal accruals and partly by loan from a bank.

IFGL Refractories is the flagship company of S K Bajoria Group. It is engaged in the manufacture of specialized refractories and requisite operating systems for the Steel Industry.

 

Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×