IFGL Refractories Limited (IFGLEXPOR) Fair Value & Analysis
Basic Materials · IN · Market cap ₹15.1B
Fair value as of: Aug 13, 2026
From 17 valuation models · updated 3 days ago
Fair value updated Aug 13, 2026, revised from ₹81.84 to ₹98.69 (+20.6%) since Aug 6, 2026. Share price +1.6% over the past month.
Below-average quality, and screening another 56% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹102.61). The favourable scenario is already priced in.
- Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹93.61 – ₹442.47 · fair‑value band ₹74.02 – ₹102.61 · the ₹225.31 price screens above the ₹98.69 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
IFGL Refractories Limited (IFGLEXPOR) currently trades at ₹225.31, while our model-based Fair Value estimate is ₹98.69, implying the stock looks roughly 56.2% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, IFGL Refractories Limited generated revenue of ₹18.9B at a net margin of 1.8%. Revenue grew 7.7% year over year. It earns a return on equity of 3.0%. Net debt stands at ₹1.5B. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹74.02 (bear case) to ₹102.61 (bull case); at ₹225.31, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 33% below its 52-week high and 88% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -60% fair-value upside, at -56%, IFGLEXPOR screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 17 models by family
Widest divergence: DCF Models (₹154.53) versus Earnings-Based (₹50.07). Highest evidence: Residual Income (76).
Notify me when IFGLEXPOR reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 48 · Market factors (momentum, volatility) 49
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
IFGL Refractories Limited manufactures, trades in, and sells refractory items and related equipment and accessories used in steel plants in India and internationally. The company provides specialized refractories and total refractory solutions primarily for iron and steel.
Full company description
IFGL Refractories Limited manufactures, trades in, and sells refractory items and related equipment and accessories used in steel plants in India and internationally. The company provides specialized refractories and total refractory solutions primarily for iron and steel. It offers iron and steel solutions, such as raker plate, granshot tundish, desulphurisation lances, torpedo, basic oxygen furnance, electric arc furnance, electric steel making, ladle, tundish, and fluxes. The company also provides ceramics products, including round hole filters, hipercast, EXHOF feeder heads, and SiC-DC casting. In addition, it offers continuous casting refractories, slide gate refractories, monolithics, precast shapes, zircon and zirconia nozzles, casting flux, and mechanism section. The company was formerly known as IFGL Exports Limited and changed its name to IFGL Refractories Limited in October 2017. IFGL Refractories Limited was founded in 1979 and is headquartered in Kolkata, India. IFGL Refractories Limited is a subsidiary of Bajoria Financial Services Private Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
IFGL Refractories Limited reported revenue of ₹18.9B in FY2026 versus ₹12.4B in FY2022, a compound +11.2%/yr. Reported net income was ₹347M in FY2026, compounding −18.2%/yr from FY2022.
of which total revenue +9.6 pp · buybacks/dilution −6.4 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
IFGLEXPOR screens 56% overvalued. Compare with UltraTech Cement Limited →
Peer Group
Building Materials · 258 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Building Materials median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| UltraTech Cement Limited ULTRACEMCO | ₹11,891 | ₹4,718 | -60% |
| China Jushi Co 600176 | ¥43.31 | ¥13.22 | -69% |
| Grasim Industries Limited GRASIM | ₹3,308 | ₹1,245 | -62% |
| CEMEX, S.A. CEMEXCPO | 21.71 MXN | 12.27 MXN | -43% |
| Anhui Conch Cement Company 600585 | ¥17.49 | ¥26.14 | +49% |
| Ambuja Cements Limited AMBUJACEM | ₹421.00 | ₹216.73 | -49% |
| Shree Cement Limited SHREECEM | ₹25,570 | ₹8,215 | -68% |
| TCC Group 1101B | 43.15 TWD | 9.76 TWD | -77% |
| Taiwan Glass Ind. Corp 1802 | 57.60 TWD | 13.98 TWD | -76% |
| J.K. Cement Limited JKCEMENT | ₹5,349 | ₹2,184 | -59% |
Compare IFGL Refractories Limited with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Basic Materials stocks →
Frequently asked questions
Is IFGL Refractories Limited (IFGLEXPOR) overvalued or undervalued?
What is the fair value of IFGLEXPOR?
What is the quality score of IFGLEXPOR?
What is the revenue of IFGL Refractories Limited (IFGLEXPOR)?
What is the net profit margin of IFGLEXPOR?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
Track IFGL Refractories Limited and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.