Refractories
11 recent notes from companies in this sector. 5 companies tracked.
RHI Magnesita picks Jindal Steel veteran Malhan as CEO, Sagar moves to chairman
An orderly succession: outgoing CEO Parmod Sagar stays on as non-executive chairman, while Pankaj Malhan from Jindal Steel takes over from July 2026. The change comes as the company navigates recent losses and margin pressures.
Associated Ceramics board to weigh CSE delisting on July 3
The nano-cap refractory maker (₹37 cr market cap) wants to exit the Calcutta Stock Exchange while remaining listed on the BSE, a move that could cut compliance costs but also shrink liquidity.
Orient Ceratech sheds windmill arm for ₹15.25 cr
The division contributed just 1.55% of revenue but 7.45% of net worth. Proceeds can reduce debt or fund growth; completion expected in six months.
IFGL's Gujarat JV hits location hurdle, can refile
The greenfield JV with Marvels International Group stalled after the government closed its Press Note 3 application over location concerns. IFGL can reapply with a new site, but the timeline is now uncertain.
IFGL Refractories files its Q4 transcript. It adds nothing.
The verbatim record of the June 2 call is pure documentation. No new data, no revised guidance, no fresh commentary.
IFGL pauses ₹300-350 cr Odisha plant, pushes Monocon UK breakeven to FY27 end
Management dropped a firm FY28 target for its greenfield expansion, sending it to the board for review. The UK unit's path to profit also slipped after losing a key customer.
IFGL's capex bill is half its market value. The topline has to keep up.
FY26 revenue rose 14% to ₹1,904 crore, but the ₹600-650 crore capacity buildout dwarfs the equity base of a ₹1,276 crore company.
RHI Magnesita missed its margin target. It's banking on a big order and a price hike.
FY26 adjusted EBITDA margin settled at 11.9%, below the 13-14% target. Management is guiding for 13% in FY27, backed by a 30,000-tonne order and 1-3% price hikes.
RHI Magnesita goes net debt-free after record ₹409 cr cash flow
A 9% revenue rise to ₹4,020 cr and ₹477 cr in adjusted EBITDA pushed the refractory maker to a negative net debt position for the first time.
Lerthai Finance's FY26 loss widens to ₹42.51 lakh
Total income falls to ₹28.61 lakh from ₹46.93 lakh; auditor gives clean opinion.
Lerthai Finance's loss widened 22x in FY26 to ₹42.5 lakh
The nano-cap lender reported a net loss of ₹42.51 lakh for the year ended March 2026, up from ₹1.88 lakh a year ago.