IFGL Refractories Ltd Share Price – NSE  / BSE

Refractories, Small Cap

The key domestic benchmarks continued to trade with significant losses in mid-morning trade due to negative global signals. Rising geopolitical tensions in the Middle East raised concerns about potential disruptions to energy supplies and their impact on global economic growth. Investor sentiment also remained cautious amid a weakening rupee and a spike in market volatility, with the volatility index rising over 14%. Market participants largely adopted a risk-off approach, resulting in broad-based selling pressure across sectors. Nifty dropped below the 22,600 level.

Consumer durables shares plunged after registering gains in the previous trading session.

At 11:25 IST, the barometer index, the S&P BSE Sensex tanked 1,747.09 points or 2.34% to 72,803.88. The Nifty 50 index plunged 554.65 points or 2.41% to 22,557.25.

The broader market underperformed the frontline indices. The BSE 150 MidCap Index dropped 3.55% and the BSE 250 SmallCap Index slipped 3.79%.

The market breadth was weak. On the BSE, 552 shares rose and 3,573 shares fell. A total of 197 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term rallied 14.65% to 26.16.

The rupee slipped against the dollar, hovering at 93.9025 versus its previous close of 93.5350, pressured by rising geopolitical tensions in the Middle East and concerns over energy supply disruptions.

IPO Update:

The initial public offer (IPO) of Central Mine Planning & Design Institute received bids for 73,29,840 shares as against 7,97,89,500 shares on offer, according to stock exchange data at 11:18 IST on Monday (23 March 2026). The issue was subscribed 0.09 times.

The issue opened for bidding on 20 March 2026 and it will close on 24 March 2026. The price band of the IPO is fixed between Rs 163 and 172 per share.

US-Iran Warfare

The ongoing conflict in the Middle East continues to intensify, keeping global investors cautious as the war enters its fourth week, raising concerns about energy security and global economic stability.

According to the chief of the International Energy Agency (IEA), nearly 40 energy assets ?severely damaged' in conflict; warns of ?worst? crisis.

Meanwhile, Donald Trump warned the US will ?obliterate? Iran?s power plants if it doesn?t fully open the Strait of Hormuz within 48 hours, In response, Iran stated that any such military action would be met with retaliatory strikes targeting U.S. and Israeli energy and infrastructure facilities in the region.

Buzzing Index:

The Nifty Consumer Durables index slipped 4.77% to 33,082.15. The index jumped 0.72% in the past trading session.

Kajaria Ceramics (down 6.69%), Whirlpool of India (down 6.41%), Voltas (down 6.31%), PG Electroplast (down 5.41%), Amber Enterprises India (down 5.36%), Blue Star (down 5.36%), Bata India (down 5.02%), Kalyan Jewellers India (down 4.91%), Century Plyboards (India) (down 4.44%) and Dixon Technologies (India) (down 4.35%) plunged.

Stocks in Spotlight:

IFGL Refractories rose 3.32% after the company resumed operations at its Kandla manufacturing facility in Gujarat.

Waaree Energies fell 3.99%. The company announced a top-level management reshuffle, appointing Jignesh Devchandbhai Rathod as whole-time director and chief executive officer (CEO) and Abhishek Pareek as chief financial officer (CFO), both effective 21 March 2026.

Global Market:

Asia-Pacific markets traded sharply lower on Monday, as investors fled risk assets amid escalating conflict in the Middle East that has entered its fourth week.

President Donald Trump said on Saturday that he would ?obliterate? Iran?s power plants if Tehran failed to fully reopen the Strait of Hormuz ? a vital artery for global energy flows ? within 48 hours.

Iran pushed back, threatening to target energy infrastructure and desalination facilities in the Gulf if the U.S. carries out its ultimatum.

Singapore?s core inflation jumped to 1.4% in February 2026 from a year earlier, official data showed on Monday.

Overnight in the U.S., the Dow Jones Industrial Average declined 0.96% to close at 45,577.47 and the S&P 500 fell 1.51% to end at 6,506.48 while the Nasdaq Composite futures pulled back by 2% to end at 21,647.611.

The three major indices ended last week lower, with the S&P 500 declining by more than 1.5% and falling below its 200-day moving average for the first time since May. The Dow, which saw its first four-week losing streak since 2023, and the Nasdaq each fell around 2% for the week.

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The facility had earlier faced disruption due to a shortage of liquefied petroleum gas (LPG), following the ongoing conflict in the Gulf region and government directives prioritising domestic LPG supply. The disruption had led to a temporary halt in certain production lines dependent on LPG.

The company has now restored operations, with all product lines at the Kandla unit becoming fully functional.

IFGL Refractories said it will continue to monitor the situation and take necessary steps to mitigate any further impact, as external factors remain beyond its control.

IFGL Refractories is a manufacturer of specialized heat-resistant products and operating systems, primarily serving the iron and steel industries.

On a consolidated basis, IFGL Refractories reported net loss of Rs 3.08 crore in Q3 December 2025 as against net loss of Rs 2.18 crore in Q3 December 2024. Net sales rose 23.70% YoY to Rs 468.64 crore in Q3 December 2025.

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IFGL Refractories announced that operations at the Company's Kandla manufacturing facility at Plot Nos. 638-644, Kandla Special Economic Zone, P.O. Gandhidham 370 230, Dist. Kutch, Gujarat, requiring Liquified Petroleum Gas (LPG) have now been resumed. With this all product lines at Kandla works are now functional

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This new line was set up with the help of technical know-how from company?s material subsidiary, Sheffield Refractories, UK.

With addition of comprehensive range of Plastic Refractories, the Company will be in a position to meet ever increasing demand from ferrous and non ferrous industries.

These plastic refractories would strengthen company?s robustmonolithics portfolio comprising castables, precast, shotcrete and ramming mass and thus reaffirm Company?s commitment to delivering high performance refractory solutions manufactured in India for advancing self-reliance and driving industrial progress.

The capital outlay involved for this expansion project has been about Rs 2.10 crore financed largely by internal accruals. The total installed capacity is 10,000 MT per annum.

With very few domestic manufacturers currently in this sector, Company?s entry marks a significant step toward strengthening indigenous capacity and reducing reliance on imports,? IFGL Refractories said in a statement.

IFGL Refractories is one of the fastest growing brands in the global refractory industry. The company offers a wide range of specialised refractory products and operating systems for its products to customers worldwide. The company?s expertise lies in the iron making, steelmaking and continuous casting areas with particular emphasis in slide gate systems, purging systems, ladle lining & ladle refractories, tundish furniture's & tundish refractories, and others.

The company had reported a net loss of Rs 3.1 crore in Q3 FY26 as against a net loss of Rs 2.2 crore posted in Q3 FY25. Total income rose by 23% YoY to Rs 470 crore during the period under review.

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