Current price is less than the intrinsic value

Intrinsic Value

Stock has not been able to generate better return on equity than bank FD

Returns vs FD rates

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Higher capex will lead to greater visibility in earnings for IFGL Refractories

IFGL Refractories: Growth At Reasonable Valuation

IFGL Refractories to invest Rs 70 cr by FY23 in three manufacturing plants in Kandla, Odisha

IFGL has appointed the president of the company’s US step down subsidiary, EI Ceramics LLC, James Leacock McIntosh as the managing director of the company from September 1.

IFGL Refractories Limited lines up Rs 70 crore capex by FY 23

IFGL Refractories consolidated net profit rises 75.37% in the June 2021 quarter

The cost of manufacturing facility is about Rs30cr.

IFGL Refractories to start commercial production at Industrial Park in Andhra Pradesh; Stock soars 2%

IFGL Refractories provides update on its greenfield facility at Visakhapatnam

IFGL Refractory Consolidated March 2021 Net Sales At Rs 283.52 Crore, Up 27.66% Y-o-Y

The company’s revenue jumped to Rs283.52cr in Q4FY21 from Rs222.09cr in Q4FY20.

IFGL Refractories narrows loss to Rs2.53cr in Q4FY21; Stock slumps 5%

IFGL Refractories reports consolidated net loss of Rs 2.53 crore in the March 2021 quarter

Manufacturing of Iso-statically pressed refractories has got affected, which is being made up with increased production of said refractories at the company’s manufacturing facility at Kalunga, Odisha.

IFGL Refractories’ Iso-Static Press at Kandla facility under repairs

Profitmart Securities is bullish on IFGL Refractories has recommended buy rating on the stock with a target price of Rs 450 in its research report dated April 13, 2021.

Buy IFGL Refractories; Target Of Rs 450: Profitmart Securities

IFGL Refractories is engaged in the manufacturing, trading and selling of specialized refractory items. The Company manufactures requisite operating systems for iron and steel industry

IFGL Refractories Ltd

IFGL Refractories Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

IFGL Refractories: Growth At Reasonable Valuation

IFGL Refractories to invest Rs 70 cr by FY23 in three manufacturing plants in Kandla, Odisha

IFGL Refractories Limited lines up Rs 70 crore capex by FY 23

IFGL Refractories consolidated net profit rises 75.37% in the June 2021 quarter

IFGL Refractories to start commercial production at Industrial Park in Andhra Pradesh; Stock soars 2%

IFGL Refractories provides update on its greenfield facility at Visakhapatnam

IFGL Refractory Consolidated March 2021 Net Sales At Rs 283.52 Crore, Up 27.66% Y-o-Y

IFGL Refractories Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

IFGL Refractories: Growth At Reasonable Valuation

IFGL Refractories to invest Rs 70 cr by FY23 in three manufacturing plants in Kandla, Odisha

IFGL Refractories Limited lines up Rs 70 crore capex by FY 23

IFGL Refractories consolidated net profit rises 75.37% in the June 2021 quarter

IFGL Refractories to start commercial production at Industrial Park in Andhra Pradesh; Stock soars 2%

IFGL Refractories provides update on its greenfield facility at Visakhapatnam

IFGL Refractory Consolidated March 2021 Net Sales At Rs 283.52 Crore, Up 27.66% Y-o-Y

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock