IFGL Refractories Limited (IFGLEXPOR) - Net Assets
Based on the latest financial reports, IFGL Refractories Limited (IFGLEXPOR) has net assets worth Rs11.75 Billion INR (≈ $127.06 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs16.73 Billion ≈ $180.92 Million USD) and total liabilities (Rs4.98 Billion ≈ $53.86 Million USD). 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. Check IFGL Refractories Limited tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs11.75 Billion |
| % of Total Assets | 70.23% |
| Annual Growth Rate | 16.12% |
| 5-Year Change | 25.79% |
| 10-Year Change | 71.65% |
| Growth Volatility | 15.85 |
IFGL Refractories Limited - Net Assets Trend (2006–2026)
This chart illustrates how IFGL Refractories Limited's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of IFGL Refractories Limited to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for IFGL Refractories Limited (2006–2026)
The table below shows the annual net assets of IFGL Refractories Limited from 2006 to 2026. For live valuation and market cap data, see market cap of IFGL Refractories Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs11.75 Billion ≈ $127.06 Million |
+6.13% |
| 2025-03-31 | Rs11.07 Billion ≈ $119.72 Million |
+3.26% |
| 2024-03-31 | Rs10.72 Billion ≈ $115.94 Million |
+6.67% |
| 2023-03-31 | Rs10.05 Billion ≈ $108.69 Million |
+7.60% |
| 2022-03-31 | Rs9.34 Billion ≈ $101.01 Million |
+4.89% |
| 2021-03-31 | Rs8.90 Billion ≈ $96.30 Million |
+10.08% |
| 2020-03-31 | Rs8.09 Billion ≈ $87.48 Million |
+1.80% |
| 2019-03-31 | Rs7.95 Billion ≈ $85.94 Million |
+5.67% |
| 2018-03-31 | Rs7.52 Billion ≈ $81.33 Million |
+9.86% |
| 2017-03-31 | Rs6.84 Billion ≈ $74.02 Million |
+71.32% |
| 2016-03-31 | Rs4.00 Billion ≈ $43.21 Million |
+12.72% |
| 2015-03-31 | Rs3.54 Billion ≈ $38.33 Million |
+4.72% |
| 2014-03-31 | Rs3.38 Billion ≈ $36.61 Million |
+33.60% |
| 2013-03-31 | Rs2.53 Billion ≈ $27.40 Million |
+14.18% |
| 2012-03-31 | Rs2.22 Billion ≈ $24.00 Million |
+26.29% |
| 2011-03-31 | Rs1.76 Billion ≈ $19.00 Million |
+28.09% |
| 2010-03-31 | Rs1.37 Billion ≈ $14.84 Million |
+20.81% |
| 2009-03-31 | Rs1.14 Billion ≈ $12.28 Million |
+17.22% |
| 2008-03-31 | Rs968.69 Million ≈ $10.48 Million |
+23.49% |
| 2007-03-31 | Rs784.40 Million ≈ $8.48 Million |
+32.73% |
| 2006-03-31 | Rs590.99 Million ≈ $6.39 Million |
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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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs720.80 Million | 6.13% |
| Other Components | Rs11.03 Billion | 93.87% |
| Total Equity | Rs11.75 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 |
|---|---|
|
CareRx Corp
TO:CRRX
|
$147.33 Million |
|
Tectonic Metals Inc
V:TECT
|
$147.33 Million |
|
Hope Education Group Co. Ltd
F:HE1
|
$147.46 Million |
|
Curo Holdings Co. Ltd
KQ:051780
|
$147.46 Million |
|
Feintool International Holding
SW:FTON
|
$147.25 Million |
|
Medigen Biotechnology
TWO:3176
|
$147.25 Million |
|
Bancroft Fund Limited
NYSE MKT:BCV
|
$147.19 Million |
|
Vente Unique.com
PA:ALVU
|
$147.17 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 2025 to 2026, total equity changed from 11,070,000,000 to 11,749,100,000, a change of 679,100,000 (6.1%).
- Net income of 347,000,000 contributed positively to equity growth.
- Dividend payments of 252,300,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,206,631,000.
- Other factors increased equity by 1,791,031,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs347.00 Million | +2.95% |
| Dividends Paid | Rs252.30 Million | -2.15% |
| Other Comprehensive Income | Rs-1.21 Billion | -10.27% |
| Other Changes | Rs1.79 Billion | +15.24% |
| Total Change | Rs- | 6.13% |
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: 1.16x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 11.08x to 1.16x 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 | Rs17.05 | Rs188.91 | x |
| 2007-03-31 | Rs22.64 | Rs188.91 | x |
| 2008-03-31 | Rs27.96 | Rs188.91 | x |
| 2009-03-31 | Rs32.57 | Rs188.91 | x |
| 2010-03-31 | Rs39.53 | Rs188.91 | x |
| 2011-03-31 | Rs50.66 | Rs188.91 | x |
| 2012-03-31 | Rs62.09 | Rs188.91 | x |
| 2013-03-31 | Rs70.94 | Rs188.91 | x |
| 2014-03-31 | Rs95.06 | Rs188.91 | x |
| 2015-03-31 | Rs99.63 | Rs188.91 | x |
| 2016-03-31 | Rs111.72 | Rs188.91 | x |
| 2017-03-31 | Rs189.92 | Rs188.91 | x |
| 2018-03-31 | Rs208.66 | Rs188.91 | x |
| 2019-03-31 | Rs110.25 | Rs188.91 | x |
| 2020-03-31 | Rs112.23 | Rs188.91 | x |
| 2021-03-31 | Rs247.09 | Rs188.91 | x |
| 2022-03-31 | Rs259.17 | Rs188.91 | x |
| 2023-03-31 | Rs278.87 | Rs188.91 | x |
| 2024-03-31 | Rs297.47 | Rs188.91 | x |
| 2025-03-31 | Rs153.58 | Rs188.91 | x |
| 2026-03-31 | Rs162.86 | Rs188.91 | 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): 2.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.83%
- • Asset Turnover: 1.13x
- • Equity Multiplier: 1.42x
- Recent ROE (2.95%) is below the historical average (13.04%), 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 | Rs126.71 Million |
| 2007 | 33.49% | 8.13% | 1.40x | 2.95x | Rs184.03 Million |
| 2008 | 29.44% | 7.54% | 1.50x | 2.60x | Rs188.10 Million |
| 2009 | 5.42% | 1.53% | 1.57x | 2.25x | Rs-51.62 Million |
| 2010 | 25.08% | 8.26% | 1.45x | 2.10x | Rs206.24 Million |
| 2011 | 13.81% | 5.16% | 1.21x | 2.20x | Rs66.76 Million |
| 2012 | 18.50% | 6.58% | 1.33x | 2.11x | Rs182.59 Million |
| 2013 | 11.49% | 4.20% | 1.40x | 1.95x | Rs36.58 Million |
| 2014 | 19.46% | 8.23% | 1.36x | 1.74x | Rs311.11 Million |
| 2015 | 15.40% | 6.75% | 1.32x | 1.73x | Rs186.18 Million |
| 2016 | 10.85% | 5.85% | 1.20x | 1.55x | Rs32.95 Million |
| 2017 | 6.46% | 5.77% | 0.85x | 1.31x | Rs-242.53 Million |
| 2018 | 6.27% | 5.64% | 0.84x | 1.33x | Rs-280.78 Million |
| 2019 | 6.35% | 5.37% | 0.92x | 1.28x | Rs-290.04 Million |
| 2020 | 2.41% | 2.16% | 0.87x | 1.27x | Rs-614.38 Million |
| 2021 | 7.37% | 6.51% | 0.85x | 1.33x | Rs-234.58 Million |
| 2022 | 8.30% | 6.25% | 0.96x | 1.38x | Rs-159.22 Million |
| 2023 | 7.88% | 5.77% | 0.96x | 1.42x | Rs-212.98 Million |
| 2024 | 7.62% | 5.01% | 1.09x | 1.39x | Rs-255.31 Million |
| 2025 | 3.88% | 2.57% | 1.03x | 1.46x | Rs-677.20 Million |
| 2026 | 2.95% | 1.83% | 1.13x | 1.42x | Rs-827.91 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: $184,821,220,626
- Average return on equity (ROE) among peers: 21.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IFGL Refractories Limited (IFGLEXPOR) | Rs11.75 Billion | 31.47% | 0.42x | $147.26 Million |
| ACC Limited (ACC) | $163.32 Billion | 14.30% | 0.43x | $2.76 Billion |
| Ambuja Cements Limited (AMBUJACEM) | $387.57 Billion | 5.00% | 0.33x | $11.56 Billion |
| Birla Corporation Limited (BIRLACORPN) | $6.68 Billion | 48.76% | 1.20x | $874.17 Million |
| Dalmia Bharat Limited (DALBHARAT) | $1.48 Million | 67.38% | 0.14x | $3.50 Billion |
| Grasim Industries Limited (GRASIM) | $1.03 Trillion | 4.20% | 1.60x | $23.07 Billion |
| Global Surfaces Limited (GSLSU) | $984.34 Million | 34.47% | 0.62x | $23.16 Million |
| HeidelbergCement India Limited (HEIDELBERG) | $8.47 Billion | 3.64% | 1.90x | $367.63 Million |
| The India Cements Limited (INDIACEM) | $55.54 Billion | 0.90% | 1.10x | $1.29 Billion |
| JK Cement Limited (JKCEMENT) | $15.22 Billion | 11.47% | 1.35x | $4.63 Billion |
About 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