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    HomeNewsBusinessStocksBuy IFGL Refractories; target of Rs 240: Centrum

    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.

    February 23, 2017 / 10:53 IST
       
       
      26 Aug, 2025 12:21
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      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.

      Outlook

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

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      first published: Feb 23, 2017 10:53 am

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