Refractory Shapes share price & results
- Mar 2026
- Mar 2026
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 22.6 | −35.8% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 2.5 | −12.6 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 0.02 | −99.3% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | −8.2 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -0.37 | +15.1 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | −48.2 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance +1.4% 1Y
1Y: ₹42.15 on 24 Oct 2025 → ₹42.75. High ₹60 (23 Dec 2025), low ₹23.85 (9 Sept 2026).
- Previous close
- ₹40.75
- Market cap
- ₹87 Cr
- 52-week range
- ₹23.85 – ₹60
- One year
- −3.39%
- Price to earnings (FY ending Mar 2026)
- 18.08×
- Return on equity (FY ending Mar 2026)
- 9.96%
Overview
- Symbol
- NSE:REFRACTORY
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 4 fiscal years held (Mar 2023 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −99% (quarter to mar 2026 against mar 2025).
| Line item | Sept 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 19 | 21 | 24 | 35 | 34 | 23 |
| Expenses | 14 | 20 | 19 | 30 | 27 | 22 |
| Operating profit | 5 | 1 | 5 | 5 | 7 | 1 |
| Operating margin | 27.8% | 4.9% | 21.2% | 15.1% | 21.5% | 2.5% |
| Other income | 0 | 2 | 1 | 0 | 0 | 1 |
| Interest | 1 | 1 | 0 | 1 | 1 | 1 |
| Depreciation | 2 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 3 | 2 | 4 | 4 | 6 | 0 |
| Tax rate | 25.1% | 24.2% | 26.1% | 24.1% | 25.1% | 0.0% |
| Net profit | 2 | 2 | 3 | 3 | 5 | 0 |
| EPS (₹ per share) | — | 1.07 | 1.44 | 1.33 | 2.06 | 0.01 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 16 | 22 | 22 | 22 |
| Reserves | 15 | 16 | 5 | 23 | 29 | 28 |
| Borrowings | 16 | 20 | 24 | 17 | 21 | 20 |
| Other liabilities | 6 | 12 | 7 | 7 | 12 | 7 |
| Total liabilities | 37 | 49 | 51 | 69 | 83 | 76 |
| Fixed assets | 8 | 19 | 19 | 27 | 27 | 26 |
| Capital work in progress | 5 | 0 | 0 | 0 | 0 | 0 |
| Investments | 6 | 6 | 6 | 6 | 7 | 6 |
| Other assets | 18 | 24 | 26 | 37 | 49 | 44 |
| Total assets | 37 | 49 | 51 | 69 | 83 | 76 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Cash from operations | 4 | -3 | 1 | 1 |
| Cash from investing | -7 | -2 | -10 | -1 |
| Cash from financing | 1 | 3 | 10 | 3 |
| Net cash flow | -2 | -1 | 1 | 3 |
| Free cash flow | -3 | -5 | -9 | -0 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 132 | 88 | 74 | 63 | 79 | 73 |
| Inventory days | 64 | 83 | 143 | 276 | 246 | 338 |
| Days payable | 43 | 134 | 182 | 113 | 79 | 78 |
| Cash conversion cycle | 153 | 37 | 34 | 226 | 246 | 333 |
| Working capital days | 103 | -2 | -16 | 30 | 114 | 126 |
| Return on capital employed | — | 15.7% | 10.7% | 17.2% | 16.8% | 10.8% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 72.48% as of Mar 2026; institutions cut 1.19 pts since Sept 2025.
- Promoters 72.48%
- Foreign institutions 0.42%
- Domestic institutions 1.37%
- Public 25.73%
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.
- +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 |
|---|---|---|
| 24.64% | unchanged | |
| 23.92% | unchanged | |
| 23.92% | unchanged | |
| 2.71% | +1.68 pp | |
| VC / PE | 1.37% | −0.96 pp |
| VC / PE | 1.37% | −0.96 pp |
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.
Your own record
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