Refractory Shapes Limited

NSE: REFRACTORY · Other · sector

₹40.75NSE close 2026-10-26

Key numbers

Market cap₹89 cr

Price₹40.75

52w high / low₹61 / ₹23

P/E18.5xSector median 14.4x

P/B3.1xSector median 1.7x

Book value₹13.2

Dividend yield–Sector median 0.37%

ROE17.2%Sector median 13.8%

ROCE24.8%Sector median 19.6%

OPM14.0%Sector median 10.4%

Debt / equity–Sector median 0.29x

EV/EBITDA10.3xSector median 8.4x

Interest cover6.6x

Current ratio2.56x

Sales growth 3y–Sector median +7.7%

Profit growth 3y–Sector median +16.6%

PEG–

Last 12 months to Mar 2026, Consolidated. "Sector median" = middle value of 688 companies in Other (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Operating profit covered interest 6.6x in the last 12 months.
Operating cash flow was below net profit in 3 of the last 3 years (FY26, FY25, FY24).
Other income was 34% of net profit in the last 12 months.
No dividend in the last 3 financial years.
Price ₹40.75 on 2026-10-26: -33.4% from the 52-week high, +76.0% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹145.00 · low ₹23.85

Quarterly results

₹ cr	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
Revenue	21	24	35	34	23
EBITDA	1	5	5	7	1
OPM %	4.9%	21.2%	15.1%	21.5%	2.5%
Other income	2	1	0	0	1
Net profit	2	3	3	5	0
EPS (₹)	1.00	1.48	1.43	2.13	0.07
Revenue YoY					+5.8%
Profit YoY					-91.0%

Consolidated figures where filed. Latest quarter Mar 2026.

Profit & loss (yearly)

₹ cr	FY24	FY25	FY26	TTM
Revenue	41	59	57	57
EBITDA	6	10	8	8
Net profit	4	6	5	5
EPS (₹)	2.63	2.87	2.20	2.20
Revenue growth		+44.9%	-2.9%	–
Profit growth		+50.5%	-27.8%	–
Dividend / share (₹)	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	–	–	–
Net profit	–	–	–
EPS	–	–	–
Share price	–	-42.5% (2y)	-12.4%

Balance sheet

₹ cr	FY24	FY25	FY26
Shareholders' equity	–	24	29
Cash & equivalents	–	4	7
Total assets	–	70	77
Fixed assets	–	27	26
Investments	–	7	7
Inventory	–	17	22

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY24	FY25	FY26
Cash from operations	-2	1	1
Cash from investing	-2	-10	-1
Cash from financing	3	10	3
Capex	0	10	2
Free cash flow	-2	-9	-0

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY24	FY25	FY26
ROE %	–	26.2%	15.8%
ROCE %	–	37.2%	24.8%
Inventory days	–	192	259
Working capital days	–	139	170

Peers in Other

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
TSFINV	₹8,585 cr	17.6x	1.4x	8.4%	3.6%	20.5%	+121.7%	2.30%
KRISHANA	₹6,339 cr	39.9x	11.3x	41.6%	23.2%	12.6%	+95.7%	0.05%
MARINE	₹5,431 cr	84.2x	11.0x	14.3%	18.0%	10.8%	+25.6%	0.07%
ZOTA	₹4,139 cr	–	6.0x	-22.5%	-12.4%	-0.5%	+56.7%	0.07%
AIMTRON	₹3,319 cr	71.7x	17.1x	28.0%	31.8%	21.8%	–	–
ACCORD	₹2,984 cr	–	261.7x	12.4%	12.0%	2.4%	–	–
MONOLITH	₹2,646 cr	64.6x	24.3x	36.0%	48.7%	24.4%	–	–
UTSSAV	₹2,390 cr	40.2x	14.1x	43.4%	54.7%	7.9%	–	–
BETA	₹2,200 cr	40.6x	5.0x	16.4%	17.0%	20.8%	–	–
REFRACTORY	₹89 cr	18.5x	3.1x	17.2%	24.8%	14.0%	–	–

All 688 companies in Other →

Documents

Links go to the original files on the exchange website.

About the company


Sector
Industry	Other
Sub-industry
Symbol	REFRACTORY
BSE code	–
ISIN	INE0TNX01015
Face value	₹10.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results); price = NSE close 2026-10-26.