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IFGL RefractoriesNSE:IFGLEXPOR -2.96%81 Return-on-Tangible-Equity is 5.62% as of Mar. 2026, which is 48% below its 10-year median of 10.81. GuruFocus rates NSE:IFGLEXPOR with a GF Score™ of 81/100 and a GF Value™ of ₹308.01 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 397 Building Materials companies, IFGL Refractories ranks worse than 57.43% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. IFGL Refractories's annualized net income for the quarter that ended in Mar. 2026 was ₹571 Mil. IFGL Refractories's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹10,166 Mil. Therefore, IFGL Refractories's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 5.62%.
The historical rank and industry rank for IFGL Refractories's Return-on-Tangible-Equity or its related term are showing as below:
NSE:IFGLEXPOR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.55 Med: 10.81 Max: 17.15
Current: 3.55
During the past 13 years, IFGL Refractories's highest Return-on-Tangible-Equity was 17.15%. The lowest was 3.55%. And the median was 10.81%.
NSE:IFGLEXPOR's Return-on-Tangible-Equity is ranked worse than 57.43% of 397
companies
in the Building Materials industry
Industry Median: 5.06
vs NSE:IFGLEXPOR: 3.55
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
IFGL Refractories Return-on-Tangible-Equity Related Terms
IFGL Refractories Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for IFGL Refractories's Return-on-Tangible-Equity 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: Return-on-Tangible-Equity Comparison
For the Building Materials subindustry, IFGL Refractories's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, IFGL Refractories's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where IFGL Refractories's Return-on-Tangible-Equity 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 5.62% mean?
IFGL Refractories (NSE:IFGLEXPOR) has a Return-on-Tangible-Equity of 5.62% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on IFGL Refractories and its competitors. This is 48% below median its historical median of 10.81. Over the past decade, IFGL Refractories' Return-on-Tangible-Equity has ranged from 3.55 to 17.15. According to the industry distribution chart, IFGL Refractories ranks #228 out of 397 companies in the Building Materials industry, placing it in the top 57.4%.
Is IFGL Refractories' Return-on-Tangible-Equity too high?
IFGL Refractories' current Return-on-Tangible-Equity of 5.62% is 48% below median its 10-year median of 10.81. Over the past 10 years, this metric has ranged from a low of 3.55 to a high of 17.15. The Building Materials industry median Return-on-Tangible-Equity is 5.06. IFGL Refractories' value of 5.62% is 11.1% above this industry median. Based on the distribution chart, IFGL Refractories ranks #228 out of 397 companies in the Building Materials industry, which is below the industry midpoint. Overall, IFGL Refractories has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IFGL Refractories' Return-on-Tangible-Equity compare to CRH and VMC?
According to the Building Materials industry distribution chart, IFGL Refractories ranks #228 out of 397 companies for Return-on-Tangible-Equity. This places IFGL Refractories in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.06. IFGL Refractories' value of 5.62% is 11.1% above this benchmark. Historically, IFGL Refractories' own Return-on-Tangible-Equity has ranged from 3.55 to 17.15 over the past decade. While the company's 10-year median is 10.81 vs. the industry median of 5.06, 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 Return-on-Tangible-Equity for a Building Materials company?
The median Return-on-Tangible-Equity among Building Materials companies is 5.06, based on 397 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IFGL Refractories's current Return-on-Tangible-Equity of 5.62% is 11.1% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on IFGL Refractories and its competitors. For the Building Materials industry, the median Return-on-Tangible-Equity is 5.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IFGL Refractories's current Return-on-Tangible-Equity is 5.62%, which is 48% below median its own 10-year median of 10.81. 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 ₹308.01, compared to a current price of ₹212.63 — trading 31% below its estimated fair value. The current Return-on-Tangible-Equity is 5.62%, which is 48% below median its 10-year median of 10.81 and 11.1% above the Building Materials industry median of 5.06. IFGL Refractories' overall GF Score™ is 81/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For IFGL Refractories (NSE:IFGLEXPOR), the current Return-on-Tangible-Equity is 5.62% 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 ₹212.63 is trading 31% below its estimated GF Value™ of ₹308.01.
GuruFocus considers IFGL Refractories to be Significantly Undervalued.
Key valuation signals for NSE:IFGLEXPOR:
Return-on-Tangible-Equity: 5.62% (48% below median its 10-year median of 10.81)
GF Value™: ₹308.01 vs. price of ₹212.63 (31% below fair value)
Industry Position: 11.1% above the Building Materials median (#228 of 397)
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.
81GF Score
Get the complete analysis for NSE:IFGLEXPOR
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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