IFGL Refractories Ltd


BSE: 532133 | NSE: IFGLREFRAC | ISIN: INE023B01012 
Market Cap: [Rs.Cr.] 268 | Face Value: [Rs.] 10
Industry: Refractories / Intermediates

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Company Profile

Incorporated on 22 Nov.'89 as a public limited company in Calcutta, IFGL Refractories (IRL) commenced business on 2 Feb.'90. The registered office of the company was shifted to Orissa from 18 Nov.'91. It has been promoted by Indo Flogates (IFGL) and the Bajorias. IRL came out with a rights issue of 1 cr equity shares at par, aggregating Rs 10 cr, in Mar.'94. The proceeds of the issue were utilised to partly meet the fund requirements (Rs 10.03 cr), to meet the cost overrun in the 1920-tpa plant set up to manufacture specialised refractories in the Sundergarh district of Orissa. IRL commenced commercial production in Feb.'93. It has obtained technical know-how from Harima Ceramics Company, Japan. Harima has also participated in the equity share capital of the company. Nisso Iwai Corporation, Japan; Flogates UK; IFC, US; and Second India Investment Fund, the Netherlands; have also participated in the equity capital of the company. The company's product -- continuous casting refractories -- is a 100% import-substitute which is extensively used in the steel industry. It also manufactures carbon alumina slide gate plates and tap hope sleeves. It is the first Indian company manufacturing continuous casting refractories which has received the ISO 9002 certification. The company has increased its Refractories capacity from 1920 tpa to 3000 tpa. Indo Flogates Ltd amalgamated with the company during the year 1999-2000.

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Dalmia Bhar. 2,096.18 39.29 3.88 22.56 6.6 8.1 0.01
Vesuvius India 1,050.53 16.39 2.65 7.00 17.6 26.4 0.00
Orient Refrac. 749.42 14.72 7.32 6.96 46.7 63.3 0.12
IFGL Refractor 267.71 12.68 2.19 4.27 13.9 15.7 0.42
Nilachal Refract 209.61 0.00 8.90 319.66 0.0 0.0 1.65
Morganite Crucib 86.70 9.88 1.82 4.13 19.7 31.3 0.06
Marath.Refra. 18.76 0.00 1.71 0.00 0.0 0.0 0.00
Sh. Nataraj Cer. 16.57 9.44 0.29 2.59 2.7 6.9 0.38
Guj. Nar. Flyash 11.15 0.00 1.31 292.67 0.0 0.0 0.38
Saboo Brothers 8.77 0.00 0.87 0.00 0.0 0.0 0.00
Raasi Refractor 4.61 0.00 1.09 14.50 0.0 0.0 4.59
Sand Plast 3.02 0.00 0.30 0.00 0.0 0.0 0.91
Assoc.Ceramics 2.71 32.14 0.16 0.00 3.4 6.4 0.23
Vishva Vishal 2.25 0.37 0.08 0.00 20.2 26.1 0.33
Orissa Inds. 0.84 0.03 -0.01 0.00 387.0 122.8 0.00

Futures & Options Quote

 
Expiry Date
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Instrument: NA
Expiry Date: NA
Strike Price: NA
Open Price: NA
Average Price: NA
No. of Contracts Traded: NA
Open Interest: NA
Underlying: NA
Option Type: NA
Market Lot: NA
Previous Close: NA
Day’s High | Low: NA | NA
Turnover (Cr.): NA
Open Int. Change: NA | NA
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Key Information

Key Executives:

K Dalmia , Director  

D G Rajan , Director  

A N Sadhu , Director  

K S B Sanyal , Director  


Company Head Office / Quarters:
Sector B Kalunga Indl Estate,
Kalunga P O Near Rourkela,
Sundergarh,
Orissa-770031
Phone : 91-661-2660195/2660583
Fax : 91-661-2660173
E-mail : ifglworks@bajoria.in
Web : http://www.ifglref.com
Registrars:
Maheshwari Datamatic Pvt Ltd
6 Mangoe Lane
2nd Floor

Kolkata - 700 001

Fund Holding

 
Scheme Name No. of Shares
No data found

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