IFGL Refractories Limited
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 fur… Read more
IFGL Refractories Limited (IFGLEXPOR) - Net Assets
Latest net assets as of September 2025: ₹11.38 Billion INR
Based on the latest financial reports, IFGL Refractories Limited (IFGLEXPOR) has net assets worth ₹11.38 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹17.37 Billion) and total liabilities (₹5.99 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹11.38 Billion |
| % of Total Assets | 65.51% |
| Annual Growth Rate | 16.67% |
| 5-Year Change | 24.31% |
| 10-Year Change | 177.07% |
| Growth Volatility | 16.06 |
IFGL Refractories Limited - Net Assets Trend (2006–2025)
This chart illustrates how IFGL Refractories Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for IFGL Refractories Limited (2006–2025)
The table below shows the annual net assets of IFGL Refractories Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹11.07 Billion | +3.26% |
| 2024-03-31 | ₹10.72 Billion | +6.67% |
| 2023-03-31 | ₹10.05 Billion | +7.60% |
| 2022-03-31 | ₹9.34 Billion | +4.89% |
| 2021-03-31 | ₹8.90 Billion | +10.08% |
| 2020-03-31 | ₹8.09 Billion | +1.80% |
| 2019-03-31 | ₹7.95 Billion | +5.67% |
| 2018-03-31 | ₹7.52 Billion | +9.86% |
| 2017-03-31 | ₹6.84 Billion | +71.32% |
| 2016-03-31 | ₹4.00 Billion | +12.72% |
| 2015-03-31 | ₹3.54 Billion | +4.72% |
| 2014-03-31 | ₹3.38 Billion | +33.60% |
| 2013-03-31 | ₹2.53 Billion | +14.18% |
| 2012-03-31 | ₹2.22 Billion | +26.29% |
| 2011-03-31 | ₹1.76 Billion | +28.09% |
| 2010-03-31 | ₹1.37 Billion | +20.81% |
| 2009-03-31 | ₹1.14 Billion | +17.22% |
| 2008-03-31 | ₹968.69 Million | +23.49% |
| 2007-03-31 | ₹784.40 Million | +32.73% |
| 2006-03-31 | ₹590.99 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to IFGL Refractories Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 552831600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹5.53 Billion | 49.94% |
| Common Stock | ₹360.40 Million | 3.26% |
| Other Comprehensive Income | ₹1.21 Billion | 10.90% |
| Other Components | ₹3.97 Billion | 35.90% |
| Total Equity | ₹11.07 Billion | 100.00% |
IFGL Refractories Limited Competitors by Market Cap
The table below lists competitors of IFGL Refractories Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Uni Chem
KO:011330
|
$28.58 Million |
|
The Brooker Group Public Company Limited
BK:BTC
|
$28.59 Million |
|
RSWM Limited
NSE:RSWM
|
$28.60 Million |
|
1480
TWO:1480
|
$28.61 Million |
|
Children’s Place Inc
NASDAQ:PLCE
|
$28.55 Million |
|
Northeast Electric Development Company Limited
F:NE4H
|
$28.54 Million |
|
COPRD
NYSE MKT:COPRD
|
$28.54 Million |
|
Tier1 Technology S.A.
MC:TR1
|
$28.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IFGL Refractories Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,720,533,000 to 11,070,000,000, a change of 349,467,000 (3.3%).
- Net income of 429,800,000 contributed positively to equity growth.
- Dividend payments of 252,300,000 reduced retained earnings.
- Other comprehensive income increased equity by 176,285,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹429.80 Million | +3.88% |
| Dividends Paid | ₹252.30 Million | -2.28% |
| Other Comprehensive Income | ₹176.28 Million | +1.59% |
| Other Changes | ₹-4.32 Million | -0.04% |
| Total Change | ₹- | 3.26% |
Book Value vs Market Value Analysis
This analysis compares IFGL Refractories Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.94x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 8.43x to 0.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | ₹17.05 | ₹143.80 | x |
| 2007-03-31 | ₹22.64 | ₹143.80 | x |
| 2008-03-31 | ₹27.96 | ₹143.80 | x |
| 2009-03-31 | ₹32.57 | ₹143.80 | x |
| 2010-03-31 | ₹39.53 | ₹143.80 | x |
| 2011-03-31 | ₹50.66 | ₹143.80 | x |
| 2012-03-31 | ₹62.09 | ₹143.80 | x |
| 2013-03-31 | ₹70.94 | ₹143.80 | x |
| 2014-03-31 | ₹95.06 | ₹143.80 | x |
| 2015-03-31 | ₹99.63 | ₹143.80 | x |
| 2016-03-31 | ₹111.72 | ₹143.80 | x |
| 2017-03-31 | ₹189.92 | ₹143.80 | x |
| 2018-03-31 | ₹208.66 | ₹143.80 | x |
| 2019-03-31 | ₹110.25 | ₹143.80 | x |
| 2020-03-31 | ₹112.23 | ₹143.80 | x |
| 2021-03-31 | ₹247.09 | ₹143.80 | x |
| 2022-03-31 | ₹259.17 | ₹143.80 | x |
| 2023-03-31 | ₹278.87 | ₹143.80 | x |
| 2024-03-31 | ₹297.47 | ₹143.80 | x |
| 2025-03-31 | ₹153.58 | ₹143.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IFGL Refractories Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.88%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.57%
- • Asset Turnover: 1.03x
- • Equity Multiplier: 1.46x
- Recent ROE (3.88%) is below the historical average (13.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 31.47% | 8.05% | 1.16x | 3.37x | ₹126.71 Million |
| 2007 | 33.49% | 8.13% | 1.40x | 2.95x | ₹184.03 Million |
| 2008 | 29.44% | 7.54% | 1.50x | 2.60x | ₹188.10 Million |
| 2009 | 5.42% | 1.53% | 1.57x | 2.25x | ₹-51.62 Million |
| 2010 | 25.08% | 8.26% | 1.45x | 2.10x | ₹206.24 Million |
| 2011 | 13.81% | 5.16% | 1.21x | 2.20x | ₹66.76 Million |
| 2012 | 18.50% | 6.58% | 1.33x | 2.11x | ₹182.59 Million |
| 2013 | 11.49% | 4.20% | 1.40x | 1.95x | ₹36.58 Million |
| 2014 | 19.46% | 8.23% | 1.36x | 1.74x | ₹311.11 Million |
| 2015 | 15.40% | 6.75% | 1.32x | 1.73x | ₹186.18 Million |
| 2016 | 10.85% | 5.85% | 1.20x | 1.55x | ₹32.95 Million |
| 2017 | 6.46% | 5.77% | 0.85x | 1.31x | ₹-242.53 Million |
| 2018 | 6.27% | 5.64% | 0.84x | 1.33x | ₹-280.78 Million |
| 2019 | 6.35% | 5.37% | 0.92x | 1.28x | ₹-290.04 Million |
| 2020 | 2.41% | 2.16% | 0.87x | 1.27x | ₹-614.38 Million |
| 2021 | 7.37% | 6.51% | 0.85x | 1.33x | ₹-234.58 Million |
| 2022 | 8.30% | 6.25% | 0.96x | 1.38x | ₹-159.22 Million |
| 2023 | 7.88% | 5.77% | 0.96x | 1.42x | ₹-212.98 Million |
| 2024 | 7.62% | 5.01% | 1.09x | 1.39x | ₹-255.31 Million |
| 2025 | 3.88% | 2.57% | 1.03x | 1.46x | ₹-677.20 Million |
Industry Comparison
This section compares IFGL Refractories Limited's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $38,811,180,100
- Average return on equity (ROE) among peers: 12.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IFGL Refractories Limited (IFGLEXPOR) | ₹11.38 Billion | 31.47% | 0.53x | $28.56 Million |
| ACC Limited (ACC) | $143.12 Billion | 13.02% | 0.47x | $1.14 Billion |
| Andhra Cements Limited (ACL) | $2.62 Billion | 0.00% | 2.18x | $5.65 Million |
| Ambuja Cements Limited (AMBUJACEM) | $23.81 Billion | 16.19% | 0.96x | $3.98 Billion |
| Anjani Portland Cement Limited (APCL) | $850.44 Million | 5.09% | 3.86x | $6.37 Million |
| Birla Corporation Limited (BIRLACORPN) | $60.49 Billion | 6.59% | 1.29x | $304.39 Million |
| Burnpur Cement Limited (BURNPUR) | $-4.52 Billion | 0.00% | 0.00x | $6.21 Million |
| Barak Valley Cements Limited (BVCL) | $1.20 Billion | 6.03% | 0.95x | $3.15 Million |
| Dalmia Bharat Limited (DALBHARAT) | $157.59 Billion | 5.18% | 0.58x | $1.59 Billion |
| Deccan Cements Limited (DECCANCE) | $1.39 Billion | 34.44% | 1.71x | $43.11 Million |
| EURO PRATIK SALES LIMITED (EUROPRATIK) | $1.56 Billion | 40.39% | 0.12x | $46.56 Million |