SP Refractories Share Price Target 2025, 2026, 2030, 2040, 2050

SP Refractories is an Indian company that makes and supplies high-quality products like high alumina refractories, castables, fire clay mortars, and insulating materials. These products are mainly used in the iron, steel, and construction industries for their strength and heat resistance. The company uses top-quality raw materials like cement, aggregates, and alumina to make its products. It has a production capacity of 7000 MT per year. It is known for offering custom services to meet the specific needs of its clients.

What is SP Refractories Ltd NSE: SPRL?

SP Refractories makes and supplies special products designed to handle very high temperatures. These products are used in industries like steel, cement, glass, and metal production, where intense heat is involved. The company makes firebricks, heat-resistant materials, and castables, which are used to line furnaces, kilns. It also offers services like installation, maintenance, and repair, helping industries keep their equipment working safely and efficiently in high-temperature conditions.

Share Price Target Tomorrow

The stock has fallen significantly after reaching its all-time high price in the previous year. The stock made continuous lower low swings. But at the current time, the stock is showing a positive move, if it continuously breaks the lower low swings made during the bearish move, then you could plan to buy side.

Day	Minimum Price (Rs)	Maximum Price (Rs)
Tomorrow	-6	+14

SP Refractories share price Target 2025

It makes a special type of cement called refractory cement, which is used in industries like iron and steel production and construction. This cement is known for its ability to handle very high temperatures, its strength, and its ability to conduct heat, making it perfect for use in furnaces and kilns. The company offers different types of products, including high alumina refractory cement and low-cement castables. The company’s production capacity is 7,000 metric tons per year. It does business locally as well as globally, providing strong, reliable products for industries that work with high temperatures. In 2025, its share price target would be ₹241, as per our analysis.

By our prediction, its share price would be between ₹91 and ₹241 in 2025.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2025	91	241

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	155	181
February	120	158
March	120	146
April	110	130
May	91	166
June	114	179
July	125	184
August	139	200
September	154	212
October	167	224
November	179	230
December	190	241

SP Refractories share price Target 2026

The company has a mixed financial situation. The company makes materials used in industries like steel and construction, and there is steady demand for its products. But, it has slow sales growth and doesn’t pay dividends. It manages its resources fairly well, its sales haven’t increased much in recent years, and its stock price has fallen. It keeps its debt low, but its cash flow is unstable, which shows it has some financial issues. Overall, the company has a solid place in the market, but it needs to grow more and give better returns to attract more investors in the future. In 2026, its share price target would be ₹392, as per our prediction.

Its share price would be between ₹190 to ₹392 in 2026, as per our analysis.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2026	190	392

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	190	254
February	211	263
March	229	278
April	238	288
May	252	298
June	268	311
July	281	324
August	288	332
September	298	344
October	312	358
November	329	374
December	348	392

Share price Target 2027

The company buys clinkers from other suppliers, then crushes, mixes, and packs the cement at its plant in Hingna, Nagpur. It can produce 4,000 MT of clinker and crush 6,000 MT per year. The company has a skilled management team, strong relationships with customers and suppliers, good financial health, and a well-placed factory in Nagpur. In 2027, its share price target would be ₹545, as per our analysis.

By our prediction, its share price would be between ₹348 and ₹545 in 2027.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2027	348	545

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	348	400
February	355	413
March	367	422
April	387	434
May	398	448
June	411	462
July	425	470
August	437	482
September	458	498
October	474	511
November	488	529
December	500	545

Share price Target 2028

The company aims to improve the refractory materials industry by making strong and reliable products for use in tough industrial conditions. It began as a small company in India, trying to meet the rising demand for these materials. Over time, it grew bigger and started selling its products in other countries too. With many years of experience and a good name in the market, it keeps leading the industry by using new technology and meeting customer needs, while always focusing on quality and trust. In 2028, its share price target would be ₹704, as per our prediction.

Its share price would be between ₹500 to ₹704 in 2028, as per our analysis.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2028	500	704

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	500	557
February	517	568
March	524	579
April	534	588
May	542	600
June	563	613
July	578	624
August	580	639
September	598	642
October	611	668
November	629	681
December	668	704

Share price Target 2029

It makes many different products for different types of businesses. Their main products are refractory bricks, which are strong bricks that can handle very high heat, quick temperature changes, and strong chemicals. They also make castables, which are ready-mixed materials used to cover the inside of hot equipment like kilns, furnaces, and reactors. The company also makes pre-cast shapes, which are special parts made to fit certain needs. These products are made from materials like alumina, silica, and magnesia, depending on what each customer needs. Their products are mostly used in the steel, cement, glass, and power industries. In 2029, its share price target would be ₹873, as per our analysis.

By our prediction, its share price would be between ₹668 and ₹873 in 2029.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2029	668	873

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	668	715
February	687	725
March	698	739
April	711	752
May	729	768
June	738	786
July	745	800
August	761	818
September	778	829
October	790	842
November	821	864
December	842	873

SP Refractories share price Target 2030

The company spends a lot of money on research and development to make its products better and stay ahead of others. It makes products that are not only good but sometimes better than world standards. These products can handle very high heat, are strong, and last a long time. This is important for businesses that use very hot machines. By always trying to improve, it keeps up with the competition and gives customers what they need. In 2030, its share price target would be ₹1040, as per our prediction.

Its share price would be between ₹842 to ₹1040 in 2030, as per our analysis.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2030	842	1040

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	842	897
February	854	913
March	867	927
April	887	939
May	898	941
June	911	956
July	924	968
August	941	990
September	952	1011
October	963	1024
November	988	1033
December	1008	1040

Share price Target 2040

It has modern factories with new machines and tools. The company has trained workers who make sure everything, from getting the materials to checking the finished products. Because of their good equipment, they make a lot of products and still keep them of high quality. They use machines to help control the work, which makes it more accurate and helps avoid mistakes. This helps the company complete both small and large orders on time without reducing the quality. In 2040, its share price target would be ₹2265, as per our analysis.

By our prediction, its share price would be between ₹2027 and ₹2265 in 2040.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2040	2027	2265

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	2027	2083
February	2042	2098
March	2057	2119
April	2074	2130
May	2089	2147
June	2100	2159
July	2114	2174
August	2129	2188
September	2158	2200
October	2169	2214
November	2187	2238
December	2211	2265

Share price Target 2050

This company is working to reduce its impact on nature. The company is focused on using less energy, making less waste, and cutting down on carbon emissions. By using cleaner technologies and energy-saving systems, it follows the rules and helps support a more eco-friendly way of working. The company is also recycling waste, reusing materials when it can, and using less water, all to help create a cleaner future for the industry. In 2050, its share price target would be ₹, as per our prediction.

Its share price would be between ₹3350 to ₹ in 2050, as per our analysis.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2050	3350	3560

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	3350	3428
February	3367	3447
March	3378	3461
April	3387	3471
May	3398	3489
June	3410	3498
July	3427	3511
August	3438	3537
September	3464	3578
October	3484	3588
November	3500	3608
December	3524	3632

Should I buy SP Refractories stock?

Year	Minimum Price (Rs)	Maximum Price (Rs)
2025	91	241
2026	190	392
2027	348	545
2028	500	704
2029	668	873
2030	842	1040
2040	2027	2265
2050	3350	3560

It could be a good investment for the long term because it makes strong, heat-resistant products used in industries like steel and construction. The company has low debt, sells in India and other countries, and focuses on quality. But its stock price has gone up and down, its sales are growing slowly. The future of this company looks brighter. This stock could be a good choice for people who are okay with some risk and want to invest for many years.

SP Refractories earnings results

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales +	18.53	20.97	25.69	31.51	27.24	28.81	29.29
Expenses +	17.65	19.78	24.23	29.51	25.76	25.91	26.08
Operating Profit	0.88	1.19	1.46	2.00	1.48	2.90	3.21
OPM %	4.75%	5.67%	5.68%	6.35%	5.43%	10.07%	10.96%
Other Income +	0.03	0.03	0.03	0.01	0.01	0.03	0.03
Interest	0.40	0.44	0.21	0.42	0.41	0.43	0.46
Depreciation	0.22	0.22	0.24	0.22	0.24	0.33	0.35
Profit before tax	0.29	0.56	1.04	1.37	0.84	2.17	2.43
Tax %	24.14%	26.79%	27.88%	27.74%	26.19%	28.11%
Net Profit +	0.21	0.40	0.75	0.98	0.62	1.56	1.78
EPS in Rs	4.22	8.04	5.03	5.48	3.46	8.72	9.95
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Key Metrics

TTM PE Ratio	PB Ratio	Dividend Yield	Sector PE	Sector PB	Sector Div Yld
—	2.37	—	26.68	3.39	1.69%

Peers & Comparison

Stock	PE Ratio	PB Ratio	Dividend Yield
SP Refractories Ltd	16.05	2.37	—
UltraTech Cement Ltd	56.79	5.69	0.65%
Grasim Industries Ltd	32.67	1.32	0.36%
Ambuja Cements Ltd	31.73	2.60	0.33%

Is SP Refractories stock good to buy? (bull case & bear case)

Bull Case:

• The company has reduced its debt.
• It has a good return on equity (ROE) of 14.84%.
• Its profit improved to 9% from 4.55% last year.
• It keeps about 5.40% of its sales as net profit.
• The company doesn’t rely much on borrowed money.
• Its profits have grown by 26% in the last 5 years, better than others in the industry.
• It reinvests its profits into the business instead of giving dividends, which may help it grow faster.
• The stock price seems fairly valued or maybe even cheap based on earnings.

Bear Case:

• The company makes profits but doesn’t give any dividends.
• The average return on equity over 3 years is low at 12.7%.
• low return on assets of 3.92%.

Conclusion

The company makes strong, heat-resistant materials used in industries like steel and construction, and it focuses on quality. It has low debt, it is growing in India as well as abroad, and it works to protect the environment. While its sales growth is a bit slow and it doesn’t give dividends, the company is improving its profits and puts money back into the business to grow more. This stock may be a good choice for people who are okay with some risk and want to invest for the future.

FAQs