Moneycontrol Presented by Motilal Oswal
Days hours minutes
Presented by :

Co-Presenting Sponsor :

Capital Trade

Powered by :

Godrej Properties

Associate Sponsors :

Aegon Life
LIC Housing Finance

Co-Presenting Sponsor

Capital Trade

Associate Sponsors

  • Indiabulls
  • Aegon Life
  • LIC Housing Finance
  • DHFL
Feb 23, 2017 10:53 AM IST | Source:

Buy IFGL Refractories; target of Rs 240: Centrum

Centrum is bullish on IFGL Refractories has recommended buy rating on the stock with a target price of Rs 240 in its research report dated February 15, 2017.

  • bselive
  • nselive
Todays L/H

Centrum's report on IFGL Refractories

Its subsidiary, IFGL exports, located in Kandla (IEL) continued to deliver growth as it ramped-up and delivered EBITDA of Rs54mn (up 150% YoY) with strong margins of 26.4%. Monocon operations showed subdued performance after a strong Q2 led by seasonal factors and bunching up of some big engineering orders in Q2.


We maintain our Buy rating on IFGL Refractories Ltd. and revise our TP to Rs 240. Q3 performance was satisfactory (EBITDA up 11% YoY) with high margin subs of IEL/EIC continuing to do well.

For all recommendations, click here

The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.
Follow us on
Available On