IFGL Refractories (NSE:IFGLEXPOR) Cyclically Adjusted Revenue per Share: ₹203.16 (As of Mar. 2026)

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NSE:IFGLEXPOR IFGL Refractories Ltd NSE:IFGLEXPOR
80 GF Score
Price ₹200.88
GF Value ₹306.64
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is IFGL Refractories Cyclically Adjusted Revenue per Share?

IFGL Refractories NSE:IFGLEXPOR +1.62% 80 Cyclically Adjusted Revenue per Share is ₹203.16 as of Mar. 2026. GuruFocus rates NSE:IFGLEXPOR with a GF Score™ of 80/100 and a GF Value™ of ₹306.64 (Significantly Undervalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

IFGL Refractories's adjusted revenue per share for the three months ended in Mar. 2026 was ₹66.967. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is ₹203.16 for the trailing ten years ended in Mar. 2026.

During the past 12 months, IFGL Refractories's average Cyclically Adjusted Revenue Growth Rate was 9.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of IFGL Refractories was 7.10% per year. The lowest was 6.50% per year. And the median was 7.00% per year.

As of today (2026-07-28), IFGL Refractories's current stock price is ₹200.88. IFGL Refractories's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹203.16. IFGL Refractories's Cyclically Adjusted PS Ratio of today is 0.99.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of IFGL Refractories was 2.55. The lowest was 0.50. And the median was 1.05.


IFGL Refractories  (NSE:IFGLEXPOR) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

IFGL Refractories's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=200.88/203.16
=0.99

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of IFGL Refractories was 2.55. The lowest was 0.50. And the median was 1.05.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


IFGL Refractories Cyclically Adjusted Revenue per Share Related Terms


IFGL Refractories Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for IFGL Refractories's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

IFGL Refractories Cyclically Adjusted Revenue per Share Chart

IFGL Refractories Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 154.69 165.90 177.84 185.96 203.16

IFGL Refractories Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 185.96 191.85 196.40 200.90 203.16

NSE:IFGLEXPOR vs CRH, VMC, MLM: Cyclically Adjusted Revenue per Share Comparison

For the Building Materials subindustry, IFGL Refractories's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


IFGL Refractories Cyclically Adjusted PS Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, IFGL Refractories's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where IFGL Refractories's Cyclically Adjusted PS Ratio falls into.


NSE:IFGLEXPOR
80GF Score
IFGL Refractories Ltd NSE:IFGLEXPOR
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IFGL Refractories Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, IFGL Refractories's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=66.967/164.2724*164.2724
=66.967

Current CPI (Mar. 2026) = 164.2724.

IFGL Refractories Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 25.085 105.961 38.889
201609 26.742 105.961 41.458
201612 25.304 105.196 39.514
201703 29.039 105.196 45.347
201706 27.391 107.109 42.010
201709 27.689 109.021 41.722
201712 29.229 109.404 43.888
201803 31.672 109.786 47.391
201806 32.874 111.317 48.513
201809 30.447 115.142 43.439
201812 32.604 115.142 46.516
201903 34.117 118.202 47.414
201906 35.314 120.880 47.991
201909 30.959 123.175 41.288
201912 30.231 126.235 39.340
202003 28.306 124.705 37.287
202006 28.220 127.000 36.502
202009 34.176 130.118 43.147
202012 40.079 130.889 50.301
202103 37.399 131.771 46.624
202106 38.131 134.084 46.716
202109 42.976 135.847 51.969
202112 42.889 138.161 50.995
202203 50.094 138.822 59.278
202206 49.885 142.347 57.569
202209 47.537 144.661 53.981
202212 43.824 145.763 49.389
202303 49.040 146.865 54.853
202306 58.760 150.280 64.231
202309 63.233 151.492 68.568
202312 50.591 152.924 54.345
202403 53.489 153.035 57.417
202406 57.512 155.789 60.644
202409 57.175 157.882 59.489
202412 52.134 158.323 54.093
202503 62.252 157.552 64.907
202506 62.988 159.755 64.769
202509 67.769 162.289 68.597
202512 65.427 163.281 65.824
202603 66.967 164.272 66.967

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of ₹203.16 mean?
IFGL Refractories (NSE:IFGLEXPOR) has a Cyclically Adjusted Revenue per Share of ₹203.16 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on IFGL Refractories and its competitors.
Is IFGL Refractories' Cyclically Adjusted Revenue per Share too high?
IFGL Refractories' current Cyclically Adjusted Revenue per Share is ₹203.16. Overall, IFGL Refractories has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IFGL Refractories' Cyclically Adjusted Revenue per Share compare to CRH and VMC?
IFGL Refractories' Cyclically Adjusted Revenue per Share of ₹203.16 can be compared against companies in the Building Materials industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Building Materials company?
A good Cyclically Adjusted Revenue per Share depends on the Building Materials industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on IFGL Refractories and its competitors. IFGL Refractories's current Cyclically Adjusted Revenue per Share is ₹203.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IFGL Refractories stock overvalued right now?
Based on GuruFocus' analysis, IFGL Refractories (NSE:IFGLEXPOR) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹306.64, compared to a current price of ₹200.88 — trading 34.5% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ₹203.16. IFGL Refractories' overall GF Score™ is 80/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For IFGL Refractories (NSE:IFGLEXPOR), the current Cyclically Adjusted Revenue per Share is ₹203.16 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is IFGL Refractories (NSE:IFGLEXPOR) Overvalued in 2026?

Based on GuruFocus' analysis, IFGL Refractories stock appears to be undervalued. The current stock price of ₹200.88 is trading 34.5% below its estimated GF Value™ of ₹306.64. GuruFocus considers IFGL Refractories to be Significantly Undervalued.

Key valuation signals for NSE:IFGLEXPOR:

  • Cyclically Adjusted Revenue per Share: ₹203.16
  • GF Value™: ₹306.64 vs. price of ₹200.88 (34.5% below fair value)
  • GF Score™: 80/100 with 3 warning signs

No single metric tells the full story. See the NSE:IFGLEXPOR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IFGL Refractories Business Description

Other Exchanges 540774:India
Address 3, Netaji Subhas Road, McLeod House, Kolkata, WB, IND, 700 001
IFGL Refractories Ltd is engaged in the manufacturing, trading, and selling of Refractory items and related equipment and accessories used in Steel plants. The Group also provides services to Refractory Goods. The Group operates in one Operating Segment, Specialised Refractories and Ceramics. The Group's production facilities have been segmented into India, Europe (United Kingdom, Germany, and the Czech Republic), Asia excluding India (China), and America (USA). It generates maximum revenue from India. The group provides Solutions for Ferrous and non-ferrous.
80GF Score

Get the complete analysis for NSE:IFGLEXPOR

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹200.88
Price
₹306.64
GF Value