IFGL Refractories Limited News and Updates

Name: Latest research reports of IFGL Refractories Limited authored by Monarch Networth Capital Limited and published by - Trendlyne research reports.
Item: IFGL Refractories Limited
Rating: 5
Author: Monarch Networth Capital Limited

Keep track of all breaking news on IFGL Refractories Limited from all sources in a single place.

Load latest

$IFGL Refractories Limited$ IFGL Refractories Limited

30 Dec 2020

IFGL Refractories hits 52-week high on rating upgrade, leaps 53% in a month

Business Standard

Rating agency ICRA has upgraded credit rating assigned to Rs 173 crore LOC of the company with a stable outlook

$IFGL Refractories Limited$ IFGL Refractories Limited

31 Jul 2019

IFGL Refractories LTD

Buy: IFGL Refractories Limited

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...

$IFGL Refractories Limited$ IFGL Refractories Limited

22 Nov 2018

HDFC Mutual raises stake in IFGL

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

$IFGL Refractories Limited$ IFGL Refractories Limited

19 Jun 2018

Broker's call: IFGL Refractories

Business Line

Centrum BrokingIFGL Refractories (Buy)CMP: 202.95Target: 320We recently had a detailed interaction with senior management of IFGL Refractories and k

$IFGL Refractories Limited$ IFGL Refractories Limited

18 Jun 2018

IFGL Refractory

Buy: IFGL Refractories Limited

Recommendation Target

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...

$IFGL Refractories Limited$ IFGL Refractories Limited

12 Dec 2017

IFGL Refractory

Hold: IFGL Refractories Limited

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...

$IFGL Refractories Limited$ IFGL Refractories Limited

12 Dec 2017

IFGL Refractory

Hold: IFGL Refractories Limited

Centrum Broking

$IFGL Refractories Limited$ IFGL Refractories Limited

16 Feb 2017

IFGL Refractories Ltd: Business Momentum Continued Despite D... (Feb 16, 2017)

Hold: IFGL Refractories Limited

Recommendation Target

Karvy

Business Momentum Continued Despite Demonetisation: As small and medium units dependent on off-the-shelf products were impacted initially when demonetisation was announced; nevertheless activity reachingnormalcy. During Q3FY17, consolidated revenues reaching to Rs.1,830mn higher by 7.1% on YoY basis and lower by 5.2% sequentially. Standalone revenues reached to Rs.937mn which is a growth of 30.8% and 14.6% on YoY and QoQ basis respectively.

$IFGL Refractories Limited$ IFGL Refractories Limited

01 Aug 2016

IFGL Refractories Limited

Business Line

IFGL Refractories has said that the board of directors of its subsidiary, IFGL Exports, on Monday recommended issue of bonus shares in the ratio of 3.5:10 (three and a half equity shares for every 10 ...

$IFGL Refractories Limited$ IFGL Refractories Limited

14 Aug 2015

IFGL Refractories

Business Line

IFGL Refractories has informed the exchanges that there has been an explosion in the Tianjin Industrial Area of China where the companys two subsidiaries - Tianjin Monocon Refractories Ltd...

Is IFGL Refractories Limited worth buying?

8 Votes:

Buy 75.0%

Hold 25.0%