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    Refractory Shapes Limited

    Capital Goods
    Industrials

    Overview

    Price

    Market Cap

    ₹61 Cr

    Sector

    Capital Goods

    Industrials

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY23FY24FY25FY26FY26
    LiabilitiesEquity Capital016222222
    Reserves175242929
    Borrowings2024172120
    Other Liabilities1277127
    Total Liabilities4952708377
    AssetsFixed Assets1919272726
    CWIP00000
    Investments66777
    Other Assets2426374944
    Total Assets4952708377

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY23FY24FY25FY26
    ActivitiesCash from Operating4-311
    Cash from Investing-7-2-10-1
    Cash from Financing13103
    SummaryCapital Expenditure
    Free Cash Flow-3-5-9-0
    FCF Margin

    Valuation

    Assumptions

    Current — REFRACTORY
    Price
    ₹32
    EPS (TTM)
    ₹5.07
    PE (TTM)
    6.3
    Profit growth

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (7.3×) and current (6.3×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹32
    vs
    Fair value · 15% return
    ₹21
    34%Overvalued

    At 10% growth and a 6× exit, ₹32 only delivers your return if you pay ₹21. The price is currently baking in 19% growth.

    EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 6×.

    YearGrowthEPS (₹)
    FY2710.0%5.58
    FY2810.0%6.13
    FY2910.0%6.75
    FY3010.0%7.42
    FY3110.0%8.17
    FY328.0% ·fade8.82
    FY336.0% ·fade9.35

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Refractory Shapes Limited

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