REFRACTORY
Refractory Shapes financials
- Market cap
- ₹54 Cr
- Sector
- Capital Goods
Quarterly results
Q4 FY26: revenue up 5.8%, net profit down 98.8% against the same quarter last year.
| Line item | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 19 | 21 | 24 | 35 | 34 +80% | 23 +6% |
| EBITDA | 5 | 1 | 5 | 5 | 7 +39% | 1 −45% |
| Net profit | 2 | 2 | 3 | 3 | 5 +93% | 0 −99% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −53.0% 1Y
1Y: ₹55.65 on 10 Sept 2025 → ₹26.15. High ₹60 (23 Dec 2025), low ₹23.85 (9 Sept 2026).
Balance sheet
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹16 Cr | ₹22 Cr | ₹22 Cr |
| Reserves | ₹16 Cr | ₹5 Cr | ₹29 Cr | ₹28 Cr |
| Borrowings | ₹20 Cr | ₹24 Cr | ₹21 Cr | ₹20 Cr |
| Other liabilities | ₹12 Cr | ₹7 Cr | ₹12 Cr | ₹7 Cr |
| Total liabilities | ₹49 Cr | ₹51 Cr | ₹83 Cr | ₹76 Cr |
| Fixed assets | ₹19 Cr | ₹19 Cr | ₹27 Cr | ₹26 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹6 Cr | ₹6 Cr | ₹7 Cr | ₹6 Cr |
| Other assets | ₹24 Cr | ₹26 Cr | ₹49 Cr | ₹44 Cr |
| Total assets | ₹49 Cr | ₹51 Cr | ₹83 Cr | ₹76 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, the public added +1.18 pp while DIIs trimmed −0.96 pp. The shareholder count grew 7% to 776.
- Promoters
- 72.5%
- FIIs
- 0.4%
- DIIs
- 1.4%
- Public
- 25.7%
Since Mar 2025
- Public +1.18 pp
- DIIs −0.96 pp
- FIIs −0.23 pp
How it drifted, 4 quarters
Over this window DIIs fell from 2.5% to 1.4% — −1.1 pp.
Ownership split by quarter, oldest first. Sep '24: Promoters 72.5%, FIIs 0.3%, DIIs 2.5%, Public 24.8%.Mar '25: Promoters 72.5%, FIIs 0.7%, DIIs 2.3%, Public 24.6%.Sep '25: Promoters 72.5%, FIIs 0.7%, DIIs 2.3%, Public 24.6%.Mar '26: Promoters 72.5%, FIIs 0.4%, DIIs 1.4%, Public 25.7%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Jinendra Kumar Jain +1.68 pp 2.71% held
The same filing shows 2 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Refractory Shapes Limited above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Dayashankar Krishna Shetty | 24.64% | unchanged |
| Prajna Shravan Shetty | 23.92% | unchanged |
| Pratibha Dayashankar Shetty | 23.92% | unchanged |
| Jinendra Kumar Jain | 2.71% | +1.68 pp |
| Venture Capital Funds VC / PE | 1.37% | −0.96 pp |
| Next Orbit Ventures Fund VC / PE | 1.37% | −0.96 pp |
| Yogishwar Bola Krishna | 0.00% | unchanged |
| Suresh Hegde Kandavar | 0.00% | unchanged |
| Divya Shetty | 0.00% | unchanged |
| Kavitha B Shetty | 0.00% | unchanged |
| Bhavya Shetty | 0.00% | unchanged |
| Usha Radhakrishna Shetty | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Refractory Shapes Limited
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