Small-Cap Stock Alert With 1:1 Bonus Shares! To Be Allotted By July 21, Record Date Next Week On 18 July; Buy?

On Friday, the shares of IFGL Refractories ended 1.83% higher at Rs 564.80 per share with a market cap of Rs 2,035.50 Cr. The buying trend was witnessed in the stock as the stock nears its record date, falling next week for 1:1 bonus shares. IFGL Group is one of the fastest-growing brands in the global refractories industry.

IFGL Refractories Bonus Shares

According to a regulatory filing dated May 24, 2025, the Board of Directors recommended issuing bonus equity shares in a 1:1 ratio, meaning that one bonus equity share of Rs. 10/-each would be issued for every fully paid-up equity share held, subject to the approval of the company's shareholders and others as may be required.

IFGL Refractories Bonus Shares Record Date

"Further to our letters dated 24th May, 2025 and 3rd June, 2025, kindly be informed that the Company has fixed Friday, 18th July, 2025 as the Record Date to determine Members of the Company eligible for Bonus Equity Shares of the Company. Furthermore, in accordance with SEBI Circular dated 16th September, 2024, deemed date of allotment of Bonus Shares will be Monday, 21st July, 2025 and Bonus Shares will be made available for trading on next working day following allotment date i.e. on Tuesday, 22nd July, 2025," said IFGL Refractories in a regulatory filing.

IFGL Refractories Financials

Strong domestic demand supported IFGL Refractories Ltd's impressive standalone performance in the fourth quarter of FY25. The company's Q4FY25 standalone sales of Rs 273 crore represented a noteworthy 26% year-on-year growth. Revenue for the entire fiscal year FY25 was Rs 1,014 crore, an 11% rise over the prior year. A remarkable 27% year-on-year growth in the "India-made, India-sold" category for the quarter and a 20% rise for the whole fiscal year were the main drivers of this success.

The full-year EBITDA was Rs 140 crore, while the Q4FY25 EBITDA was Rs 40 crore, a 7% YoY growth. Inflationary pressures, rising raw material costs, higher staff expenses, and startup costs from new plant operations were the main causes of the 17% drop from FY24. The company maintained strong EBITDA margins at 15% in Q4 and 14% in FY25 in spite of these difficulties.

The full-year profit after tax (PAT) was Rs 58 cr, a 12% decrease from the previous year, while the Q4FY25 PAT was Rs 17 crore, up 9% YoY. Geographically, the primary driver was the domestic market, which increased its share of standalone sales from 67% in FY24 to 72% in FY25. Domestic revenues reached Rs 721 cr, up 27% in Q4FY25 and 20% for the full fiscal year.

However, because of macroeconomic slowdowns in key foreign markets, export sales fell 6% year-on-year to Rs 277 cr, although they increased 36% YoY in Q4FY25 to Rs 67 cr.

IFGL Refractories Share Price Target

"IFGL Refra stock price is bullish but also overbought on the Daily charts with next resistance at 585. Investors should be booking profits as a Daily close below support of 547 could lead to a target of 511 in the near term," commented A R Ramachandran, independent research analyst.

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