IFGL Refractories Limited    
22 Sep 2021, 09:32AM
IFGL Refractories: Growth at reasonable valuation
IFGL Refractories: Growth at reasonable valuation
Moneycontrol
Higher capex will lead to greater visibility in earnings for IFGL Refractories
IFGL Refractories Limited    
14 Apr 2021
Buy IFGL Refractories; target of Rs 450: Profitmart Securities
Buy IFGL Refractories; target of Rs 450: Profitmart Securities
Moneycontrol
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.
IFGL Refractories Limited    
16 Mar 2021
Monarch Networth Capital Limited
CMP: Rs265, MCap: Rs9.5 bn l Fair Value: Rs600 Coming of Age and ready to re-rate IFGL Refractories is a well-established player in a hard to master refractories business and has marquee client relationships with a track record spanning 4 decades. The company has come of age in last few years and is likely to re-rate materially led by the following: Blowout Earnings growth after 4-5 years of consolidation IFGL is expected to deliver blowout earnings growth with Consolidated EBITDA expected to double to Rs180-200cr (in FY22-23E) vs Rs90-100cr range of last 3-4 years. This is led by i.) several proactive steps taken by the management (capacity expansion at all domestic plants of Kandla/Orissa/Vizag and recruitment of industry veterans from peers at key positions), ii) gain in market share in...
IFGL Refractories Limited    
17 Feb 2021
IFGL Refractory Standalone December 2020 Net Sales at Rs 179.20 crore, up 48.37% Y-o-Y
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IFGL Refractories Limited    
30 Dec 2020
Business Standard
Rating agency ICRA has upgraded credit rating assigned to Rs 173 crore LOC of the company with a stable outlook
IFGL Refractories Limited    
31 Jul 2019
Monarch Networth Capital Limited
stream by Mar-2020 and has a revenue potential of Rs ~900-1000 mn on a capex of Rs Others ~150 mn. IFGL's second expansion would be in Vizag, which would entail a capex of Rs Source: BSE, *as on 29th July 2019 ~500 mn and would be done over 3 phases with a revenue potential of Rs ~2500-3000 mn. Vizag expansion would add new products, help IFGL service steel plants in the south, lower logistics costs and boost exports. Global subsidiaries well placed to deliver: IFGL's ~52% revenue comes from its global subsidiaries, with Monocon contributing 28%, EI ceramics contributing 15% and Hofmann adding 9% to the consolidated revenue. EI ceramics has been the best...
IFGL Refractories Limited    
22 Nov 2018, 09:40PM
Business Line
HDFC Small Cap Fund has increased its stake in IFGL Refractories to beyond 5 per cent. In a disclosure to the NSE, IFGL said that on Wednesday, HDFC S
IFGL Refractories Limited    
19 Jun 2018
Business Line
Centrum BrokingIFGL Refractories (Buy)CMP: 202.95Target: 320We recently had a detailed interaction with senior management of IFGL Refractories and k
IFGL Refractories Limited    
18 Jun 2018
Centrum Broking
Management interaction takeaways - Strong growth ahead We recently had a detailed interaction with senior management of IFGL refractories and key takeaways were i) Revenue growth at an inflection point with consolidated topline growth expected at 15%+ for FY19E led by pricing growth of 5-7% and volume growth of 8-10%), ii) well invested asset base with completion of recent expansions at domestic as well as overseas operations placing IFGL favourably to meet increased demand and gain market share globally and iii) operating leverage benefits improving the margin profile. Management also...
IFGL Refractories Limited    
12 Dec 2017
Centrum Broking
Strong domestic show saves the day, retain Hold We maintain our Hold rating on IFGL Refractories as we see limited scope for further re-rating after stock's large outperformance to MNC peers in line with our view in last one year. Q2 performance was a mixed bag with domestic operations delivering strong results largely negated by weak results across all overseas subs. We continue to like IFGL's operationally sound high-quality global assets and expect strong earnings growth driven by i) increased share of higher-margin subs and ii) recovery in steel production in key markets of US/Europe/India (aided by...
6 Votes:
Buy83.33%
Hold16.67%
BUY
SELL
HOLD