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IFGL Refractories
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IFGL Refractories Limited (Formerly IFGL Exports Limited) was incorporated in November 22, 1989. The Company is a manufacturer and trader of Specialized Refractories items for producers of Iron and Steel plants. The Company also provides services in relation to refractory goods.
The Company caters to both domestic and international markets. The manufacturing facilities of the Company are located in Kandla Special Economic Zone (SEZ), Gujarat and Kalunga Industrial Estate near Rourkela, Odisha. The Company have operational subsidiaries in China, Germany, India, UK and USA. It has a large pool of trained engineers and application specialists to offer customers total solution for Refractory for flow control in Steel Teeming and Continuous Casting of Steel.
The Slide Gate Refractories Plant was started in the year 1984. Indo Flogates was a joint venture with Flogates Ltd, UK and an exclusive Indian Licensee of Flocon Slide Gate Systems, developed by US Steel Corporation through their wholly-owned subsidiary USS Engineers and Consultants Inc. This plant now manufacturers Slide Gate Systems and Refractories with the latest know-how from Krosaki Harima Corporation, Japan, a subsidiary of Nippon Steel Corporation.
The Continuous Casting Refractories Plant set up in technical collaboration with Krosaki Harima Corporation, Japan (then known as Harima Ceramics Corporation) started production in 1993 manufacturing Isostatically Pressed Continuous Casting Refractories and Magnesia Carbon Tap Hole Sleeves. The Company operates the Quality Management System which complies with the requirements of BS EN ISO 9001:2008 and ISO 14001:2004.
The Company acquired Monocon Group in September, 2005, with production facilities for Tundish Spraying Mass, Refractory Darts, Monolithic Lances, Robotics for EAF, Ladle and Tundish lining maintenance and Monolithics for EAF, Ladle and Tundish.
In December 2006, Monocon Group acquired Goricon Metallurgical Services Ltd, Wales (UK) and Goricon LLC, Ohio (USA) engaged in manufacture of Darts, Lances, Ladle Powders etc used by the Steel Industry.
In July 2008, Hoffman Group was acquired with manufacturing facilities for Foundry Ceramics - Casting Filters, Feeders, SiC Chill Plates, Pouring System and Monoblock Stopper, High Grade fire proof refractory shapes, Drawing tools and Tread Guides.
In September 2010, the Company acquired EI Ceramics LLC and CUSC International Limited (CUSC), both Cincinnati, Ohio based companies engaged in manufacture of Isostatically Pressed Continuous Casting Refractories.
Hon'ble National Company Law Tribunal, Kolkata Bench, by passing an Order on 3rd August 2017 under Sections 230 and 232 of the Companies Act, 2013 sanctioned a Scheme of Amalgamation for merger of erstwhile IFGL Refractories Ltd (IFGL) with the Company on and from 1st April 2016, being the Appointed Date. With e?ect from 1st April 2016, erstwhile IFGL Refractories Limited merged with the Company pursuant to a Scheme of Amalgamation approved by the National Company Law Tribunal, Kolkata. The Scheme had become effective from 5th August 2017 following filing of Order of Hon'ble Tribunal with the Ministry of Corporate Affairs (Registrar of Companies) by the Company and IFGL on that date. The Scheme was accordingly given effect to in the FY 2016-17. In accordance with the provisions of aforesaid Scheme, the Share swap ra!o was 1:1 i.e. for 1 Equity Share held in erstwhile IFGL Refractories Limited on the Record Date, the Company issued and allotted 1 Equity Share of the face value of Rs 10/- each fully paid up. Pursuant to approved share swap ratio, and the Scheme of Amalgamation, the Company issued and allotted on 18th September 2017, 34,610,472 Equity Shares of Rs 10/- each (with a premium of Rs 120 per share) to the Shareholders of erstwhile IFGL Refractories Limited.
The Holding Company on 6th August 2016, issued and allotted 756,000 Ordinary Shares of Rs 10/- each, fully paid up Bonus Shares in the proportion of 3.5 Bonus Share of Rs 10/- each for every existing 10 (ten) Equity Shares Rs 10/- each.
IFGL Refractories share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of IFGL Refractories indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how IFGL Refractories is valued compared to its competitors.
IFGL Refractories PE ratio helps investors understand what is the market value of each stock compared to IFGL Refractories 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of IFGL Refractories evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively IFGL Refractories generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of IFGL Refractories in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of IFGL Refractories shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of IFGL Refractories compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of IFGL Refractories over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of IFGL Refractories helps investors get an insight into when they can enter or exit the stock. Key components of IFGL Refractories Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where IFGL Refractories shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect IFGL Refractories ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of IFGL Refractories provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of IFGL Refractories highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of IFGL Refractories .
The balance sheet presents a snapshot of IFGL Refractories ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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