IFGL RefractoriesNSE:IFGLEXPOR +5.99%79 Gross Margin % is 47.10% as of Mar. 2026, which is 5% below its 10-year median of 49.39. GuruFocus rates NSE:IFGLEXPOR with a GF Score™ of 79/100 and a GF Value™ of ₹302.85 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 396 Building Materials companies, IFGL Refractories ranks better than 84.6% on this metric.
IFGL Refractories Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.4%.
The historical rank and industry rank for IFGL Refractories's Gross Margin % or its related term are showing as below:
NSE:IFGLEXPOR'
s Gross Margin % Range Over the Past 10 Years
Min: 47.33 Med: 49.39 Max: 52.98
Current: 47.78
During the past 13 years, the highestGross Margin % of IFGL Refractories was 52.98%. The lowest was 47.33%. And the median was 49.39%.
NSE:IFGLEXPOR's Gross Margin % is ranked better than 84.6% of 396
companies
in the Building Materials industry
Industry Median: 26.155
vs NSE:IFGLEXPOR: 47.78
IFGL Refractories had a gross margin of 47.10% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for IFGL Refractories was -1.40% per year.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
IFGL Refractories had a gross margin of 47.10% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
IFGL Refractories Gross Margin % Related Terms
IFGL Refractories Gross Margin % Historical Data
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The historical data trend for IFGL Refractories's Gross Margin % 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.
NSE:IFGLEXPOR vs CRH, VMC, MLM: Gross Margin % Comparison
For the Building Materials subindustry, IFGL Refractories's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, IFGL Refractories's Gross Margin % distribution charts can be found below:
* The bar in red indicates where IFGL Refractories's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
IFGL Refractories (NSE:IFGLEXPOR) has a Gross Margin % of 47.10% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on IFGL Refractories and its competitors. This is near median its historical median of 49.39. Over the past decade, IFGL Refractories' Gross Margin % has ranged from 47.33 to 52.98. According to the industry distribution chart, IFGL Refractories ranks #61 out of 396 companies in the Building Materials industry, placing it in the top 15.4%.
Is IFGL Refractories' Gross Margin % too high?
IFGL Refractories' current Gross Margin % of 47.10% is near median its 10-year median of 49.39. Over the past 10 years, this metric has ranged from a low of 47.33 to a high of 52.98. The Building Materials industry median Gross Margin % is 26.16. IFGL Refractories' value of 47.10% is 80.1% above this industry median. Based on the distribution chart, IFGL Refractories ranks #61 out of 396 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, IFGL Refractories has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IFGL Refractories' Gross Margin % compare to CRH and VMC?
According to the Building Materials industry distribution chart, IFGL Refractories ranks #61 out of 396 companies for Gross Margin %. This places IFGL Refractories in the top 15% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 26.16. IFGL Refractories' value of 47.10% is 80.1% above this benchmark. Historically, IFGL Refractories' own Gross Margin % has ranged from 47.33 to 52.98 over the past decade. While the company's 10-year median is 49.39 vs. the industry median of 26.16, IFGL Refractories has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Building Materials company?
The median Gross Margin % among Building Materials companies is 26.16, based on 396 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IFGL Refractories's current Gross Margin % of 47.10% is 80.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on IFGL Refractories and its competitors. For the Building Materials industry, the median Gross Margin % is 26.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IFGL Refractories's current Gross Margin % is 47.10%, which is near median its own 10-year median of 49.39. 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 Modestly Undervalued. The stock's GF Value™ is ₹302.85, compared to a current price of ₹221.46 — trading 26.9% below its estimated fair value. The current Gross Margin % is 47.10%, which is near median its 10-year median of 49.39 and 80.1% above the Building Materials industry median of 26.16. IFGL Refractories' overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For IFGL Refractories (NSE:IFGLEXPOR), the current Gross Margin % is 47.10% 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 ₹221.46 is trading 26.9% below its estimated GF Value™ of ₹302.85.
GuruFocus considers IFGL Refractories to be Modestly Undervalued.
Key valuation signals for NSE:IFGLEXPOR:
Gross Margin %: 47.10% (near median its 10-year median of 49.39)
GF Value™: ₹302.85 vs. price of ₹221.46 (26.9% below fair value)
Industry Position: 80.1% above the Building Materials median (#61 of 396)
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 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.
79GF Score
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