The company’s consolidated net profit fell 57.3% year-on-year to Rs 13 crore in the quarter ended March 2024.

IFGL Refractories Shares Tumble Over 15% After Q4 Profit Declines

Foreign promoter Krosaki Harima Corporation, Japan has exited IFGL Refractories by selling its entire personal holding, by way of off-market transaction, for Rs 111.8 crore. Indian promoter Bajoria Financial Services was the buyer.

IFGL Refractories down 2% after foreign promoter Krosaki Harima Corp’s exit

Scaling up capacity by 100 mt in next 7-8 years, says Kamal Sarda, Director & CEO, IFGL Refractories. Tells Sonia Shenoy, Nigel D'Souza & Surabhi Upadhyay that promoters will not pledge existing shares. They are fully prepared to acquire Krosaki, he adds.

#ifglrefractories #capacity #expansion #stockmarketupdates #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday 

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IFGL Refractories Says That New Project Is Primarily For The Domestic Market | CNBC TV18

Should grow revenue at 12-15% going ahead says Kamal Sarda, Director & CEO IFGL Official. Tells Mangalam Maloo & Nigel D'Souza that they could double revenue in the next 4-5 years.

#ifgl #ifglrefractories #revenueoutlook #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday   

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You can also connect with CNBC-TV18 News Online
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IFGL Refractories Aims To Double Revenue In 4-5 Years | CNBC TV18

IFGL Refractories consolidated net profit declines 16.46% in the December 2022 quarter

IFGL Refractory Standalone December 2022 Net Sales at Rs 181.68 crore, down 5.91% Y-o-Y

YES Bank, HDFC, TVS Motor, BoB, Hudco, Paytm, IFGL Refractories, UltraTech Cement, Axis Bank, BayerCrop, IFB Ind, Piramal Capital, Adani Transmission

Stocks that will see action on December 14, 2022

IFGL Refractory Consolidated March 2022 Net Sales at Rs 361.22 crore, up 27.41% Y-o-Y

IFGL Refractories reports consolidated net profit of Rs 20.70 crore in the March 2022 quarter

IFGL Refractories procures land on lease for capacity expansion

IFGL Refractory Consolidated December 2021 Net Sales at Rs 313.63 crore, up 8.52% Y-o-Y

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

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

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

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