IFGL Refractories Share Price Target 2026, 2027, 2030, 2040, 2050

IFGL Refractories is a global company that makes heat-resistant products and systems mainly for the iron and steel industry. The company makes custom products that help steel plants control the flow of very hot molten metal, such as slide gate systems, ladle linings, tundish refractories, and purging systems. It has factories in Asia, Europe, and North America and sells its products in more than 50 countries. The company focuses on new ideas, research, and environmentally friendly work, and also provides technical help so steel companies can work safely and smoothly at very high temperatures.

What is IFGL Refractories Ltd NSE: IFGLEXPOR?

IFGL Refractories is an Indian company established in 1977 in Kolkata, West Bengal, and started by S. K. Agarwal. It makes heat-resistant materials mainly for the iron and steel industry. These materials are used in steel plants to protect machines and equipment that work under very high temperatures. The company makes products like casting parts, flow control systems, and special ceramic items used during steel making. It has factories in India and also in other countries, and it supplies its products to customers around the world. The company helps steel and heavy industries run safely by providing strong products that can handle very high temperatures.

IFGL Refractories Share Price Target

IFGL Refractories Share Price Target 2026

It is a well-known company that works around the world and makes products that can handle very high heat. These products are mainly used in the iron and steel industry. It helps steel plants work safely when machines and metal become extremely hot. It mainly helps steel plants control the flow of melted metal during production. Over time, the company has earned a good name because its products are strong, reliable, and work well. In 2026, its share price target would be ₹391, as per stock market analysts.

According to stock market analysts, its share price would be between ₹154 to ₹391 in 2026.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2026	154	391

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	175	239
February	170	252
March	165	267
April	154	278
May	168	290
June	184	302
July	200	314
August	210	325
September	221	342
October	230	364
November	237	378
December	268	391

IFGL Refractories Share Price Target 2027

This company makes strong refractories that protect furnaces, ladles, and casting machines from extreme heat damage. Refractories are special materials that do not break or melt even in very high heat. These materials are very important for the steel, cement, and metal industries. Without these materials, steel plants cannot run properly or safely. It designs its products to last a long time and work well in difficult conditions. This helps steel companies reduce machine failures, improve worker safety, and keep product quality steady. In 2027, its share price target would be ₹602, as per stock market analysts.

According to stock market analysts, its share price would be between ₹368 to ₹602 in 2027.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2027	368	602

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	368	455
February	379	481
March	390	500
April	402	511
May	420	521
June	437	532
July	451	545
August	467	564
September	485	572
October	491	582
November	497	588
December	511	602

Share Price Target 2028

It makes many types of products used in steelmaking. These include slide gate systems, purging systems, ladle refractories, tundish refractories, monolithic refractories, and other ceramic products. Each product has a clear purpose, such as controlling hot metal flow or protecting machines from heat. It also makes products based on customer needs. Because of this wide range of products, it can support steel plants from the first stage of making steel to the final casting stage. In 2028, its share price target would be ₹795, as per stock market analysts.

According to stock market analysts, its share price would be between ₹587 to ₹795 in 2028.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2028	587	795

Share Price Target 2029

It has manufacturing plants in Asia, Europe, and North America. These factories use modern machines and updated technology. Having factories in different countries helps the company deliver products quickly to customers. Each factory follows strict quality and safety rules so products remain strong and reliable. Local factories also help the company follow local laws and market needs. This strong factory network supports its business across the world. In 2029, its share price target would be ₹1001, as per stock market analysts.

According to stock market analysts, its share price would be between ₹745 to ₹1001 in 2029.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2029	745	1001

IFGL Refractories share price Target 2030

It sells its products in more than 50 countries worldwide. Its strong global presence shows that many customers trust the company. It works with large steel companies, foundries, and metal plants in many regions. Working in different countries helps the company learn new methods and improve its products. This global reach helps the company to grow steadily and reduces risk by not depending on only one market. In 2030, its share price target would be ₹1207, as per stock market analysts.

According to stock market analysts, its share price would be between ₹975 to ₹1207 in 2030.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2030	975	1207

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	975	1060
February	990	1081
March	998	1099
April	1005	1114
May	1010	1125
June	1017	1139
July	1023	1145
August	1030	1162
September	1042	1170
October	1050	1179
November	1069	1190
December	1089	1207

Share Price Target 2040

Research and development are very important for its growth. The company invests in modern research centres to make better and stronger products. Its teams work to improve product life and performance in steel plants. Research also helps the company to support new and modern steelmaking methods. It keeps up with industry changes and customer needs and continues to improve product quality. In 2040, its share price target would be ₹2138, as per stock market analysts.

According to stock market analysts, its share price would be between ₹1893 to ₹2138 in 2040.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2040	1893	2138

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	1893	2011
February	1900	2021
March	1910	2030
April	1917	2039
May	1923	2047
June	1930	2056
July	1942	2067
August	1950	2079
September	1957	2089
October	1968	2099
November	1990	2120
December	2010	2138

Share Price Target 2050

The company always tries to improve its products, materials, and manufacturing processes. It uses new technology to improve quality and performance. The company believes new ideas help customers save money, work faster, and get better results. This strong focus on innovation has helped it to stay a leading company in the refractory industry for many years. In 2050, its share price target would be ₹3039, as per stock market analysts.

According to stock market analysts, its share price would be between ₹2828 to ₹3039 in 2050.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2050	2828	3039

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	2828	2917
February	2832	2931
March	2837	2942
April	2842	2950
May	2850	2957
June	2858	2969
July	2867	2981
August	2872	2997
September	2880	3010
October	2897	3024
November	2925	3037
December	2935	3050

Should I buy IFGL Refractories stock?

Year	Minimum Price (Rs)	Maximum Price (Rs)
2026	154	391
2027	368	602
2028	587	795
2029	745	1001
2030	975	1207
2040	1893	2138
2050	2828	3039

The company is well-known and makes products used by steel plants all over the world. Recently, its profits have been uneven, and the stock price is sometimes high compared to its earnings. If you plan to invest for the long term and believe the steel and infrastructure industries will grow, and you can handle ups and downs in the stock price, it could be a good choice.

IFGL Refractories earnings results

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales +	917	1,022	1,260	1,386	1,639	1,653	1,770
Expenses +	825	865	1,117	1,233	1,485	1,524	1,646
Operating Profit	92	157	143	153	155	129	124
OPM %	10%	15%	11%	11%	9%	8%	7%
Other Income +	-10	19	16	13	18	17	12
Interest	4	3	3	5	11	14	16
Depreciation	48	49	51	56	64	73	77
Profit before tax	30	124	104	106	98	60	43
Tax %	35%	47%	25%	25%	17%	28%
Net Profit +	19	66	77	79	82	43	30
EPS in Rs	2.70	9.10	10.75	10.99	11.33	5.96	4.13
Dividend Payout %	46%	55%	33%	32%	31%	59%

Key Metrics

TTM PE Ratio	PB Ratio	Dividend Yield	Sector PE	Sector PB	Sector Div Yld
51.76	1.39	1.64%	42.32	6.29	0.62%

Peers & Comparison

Stock	PE Ratio	PB Ratio	Dividend Yield
IFGL Refractories Ltd	35.83	1.39	1.64%
Cummins India Ltd	62.12	16.43	1.15%
AIA Engineering Ltd	35.98	5.50	0.39%
Thermax Limited	53.72	6.90	0.46%

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

Bull Case:

• The company’s revenue was about ₹1,653 crore in FY 2025.
• It made a net profit of ₹430 crore in FY 2025, indicating that the company is generating a profit.
• Revenue has grown from ₹1,042 crore in FY 2021 to ₹1,670 crore in FY 2025, showing the business is growing over the years.
• Revenue in FY 2025 was ₹1,014 crore, up 11 % from the previous year, showing good yearly growth.
• The company declared a dividend of ₹7 per share, providing returns to its shareholders.
• Long-term debt is low at about ₹469 million, showing the company is not heavily in debt.
• Domestic revenue grew strongly with 27 % growth in Q4FY25, showing strong performance in the Indian market.

Bear Case:

• Net profit fell sharply from ₹817 crore in FY 2024 to ₹430 crore in FY 2025, showing earnings are dropping.
• Net profit margin dropped to about 2.6 %, meaning the company is making less profit for every rupee of sales.
• Earnings per share (EPS) fell from ₹22.7 to ₹11.9, showing lower returns for shareholders.
• Return on equity (ROE) is low at around 3.9 %, meaning the company is not making high profits from shareholders’ money.
• Profit growth in recent years has been slow or inconsistent, showing earnings are not very stable.

Conclusion

It is a well-known company that makes heat-resistant products for the steel industry, helping steel plants work safely at very high temperatures. The company has factories in India, Asia, Europe, and North America, and sells its products in many countries. Its sales have grown over time, but profits have sometimes gone up and down. The company has low debt, pays dividends, and is growing in India, but its profit margins and returns are not very high. Overall, I is a strong and reliable company with room to grow, but investors should remember that profits can be uneven and the steel industry has risks.

FAQs