Refractory Shapes Ltd.

NSE: REFRACTORY

Refractory Shapes Live Share Price Today, Share Analysis and Chart

Name: Refractory Shapes Ltd.: Is Infosys Ltd. worth buying?
Item: Refractory Shapes Ltd.
Rating: 2.09266675
Author: Trendlyne DVM scores

aboutRefractory Shapes Ltd. specializes in the manufacturing of high-quality refractory products tailored for demanding industrial environments. The company serves as a critical supplier to industries that operate at high temperatures, such as steel, ceme... Read More

-2.35(-5.00%)

27.04% Fall from 52W High

1,000

NSE Volume

NSE 30 Oct, 2026 3:31 PM (IST)

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56.5 / 100

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SWOT Analysis

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Neutral Zone

54.0 % into P/E buy sell zone

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Strong upside potential

Gains already realized

Refractory Shapes Stock Price Analysis

Day Price Range -5.0% 1 Day return	44.6 (LTP) 44.644.6 LowHigh
Week Price Range 14.9% 1 Week return	44.6 (LTP) 39.547 LowHigh
Month Price Range 9.8% 1 Month return	44.6 (LTP) 30.547 LowHigh
52 Week Price Range -10.2% 1 Year return	44.6 (LTP) 23.261.2 LowHigh

View full Price History/Seasonality

Competitors/Peers

Quarterly

Annual

Balance Sheet

Ratios

Cash Flow

Documents

Refractory Shapes annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history

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NEGATIVE
Annual Revenue Refractory Shapes Mar-2026 Annual Revenue is Rs 59 Cr which is growth of -2.1% YoY.
NEGATIVE
Annual Net Profit Refractory Shapes Mar-2026 Annual Net Profit is Rs 5 Cr which is growth of -25.2% YoY.

Refractory Shapes Ltd., Annual, standalone, All financials are in INR Cr and price data in INR
Indicator	CAGR 3 Yrs	CAGR 5 Yrs	Mar '26	Mar '25	Mar '24	Mar '23	Mar '22	Mar '21
SR_A Total Rev. Ann. ⌄	14.8%	21.9%	58.6	59.8	43	38.7	26.2	21.8
TotalOperatingRevenues_A Operating Rev. Ann.	14.5%	22.2%	57	58.8	40.6	38	25.5	20.9
OI_A Other Income Ann.	23.3%	10.8%	1.5	1.1	2.5	0.8	0.7	0.9
OEXPNS_A Operating Exp. Ann.	12.9%	21.6%	49.1	48.5	34.2	34.1	21.9	18.5
OEXPNS_A Operating Exp. Ann.	12.9%	21.6%	49.1	48.5	34.2	34.1	21.9	18.5
OP_A Operating Profit Ann.	27.1%	28.3%	8	10.3	6.4	3.9	3.6	2.3
OPMPCT_A OPM Ann. %	10.8%	4.8%	13.62%	17.21%	14.78%	10.01%	13.78%	10.76%
TotalExpenses_A Total Exp. Ann. ⌄	13.2%	21.7%	52.5	51.8	37.7	36.2	22.8	19.7
OtherExpenses_A Other Exp. Ann.	11.7%	22.2%	6	6.1	4.4	4.3	4.3	2.2
EmployeeBenefitExpenses_A Employee Exp. Ann.	4.4%	6.4%	4.1	3.3	3.2	3.6	3	3
CostOfPowerPurchased_A Cost Of Power Purchased Ann.	-	-
CostOfFuel_A Cost Of Fuel Ann.	-	-
EBIDT_A EBITDA Ann.	27.3%	23.5%	9.5	11.4	8.8	4.6	4.3	3.3
EBIDTPCT_A EBITDA Ann. margin %	10.7%	1.7%	16.23%	18.97%	20.53%	11.96%	16.51%	14.92%
INT_A Interest Ann.	0%	6.6%	1.1	0.8	1.6	1.1	0.6	0.8
DEP_A Depr.	29.7%	43.1%	2.4	2.5	1.9	1.1	0.4	0.4
PBT_A PBT Ann.	32.1%	23.4%	6	8.1	5.3	2.6	3.7	2.1
TAX_A Tax Ann.	28.9%	20.1%	1.5	2	1.3	0.7	0.8	0.6
PAT_A PAT Before ExtraOrdinary Items Ann. ⌄	33.3%	23%	4.5	6.1	4	1.9	2.9	1.6
IncomeMinorityInterest_A Minority Interest Income Ann.	-	-	-	-	-	-	-	-
NP_A Net Profit Ann.	33.3%	23%	4.5	6.1	4	1.9	2.9	1.6
NETPCT_A NPM Ann. %	16.3%	1.2%	7.93%	10.29%	9.92%	5.04%	11.25%	7.48%
EPS_adj_A EPS Adj. latest Ann.	32.6%	24.6%	2.1	2.8	1.9	0.9	1.3	0.7

*All financials are in INR Cr and price data in INR

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Total Rev. Ann.

1Y CHG

-2%

2Y CAGR

16.7%

3Y CAGR

14.8%

5Y CAGR

21.9%

Total Revenue Annual is falling faster than historical averages.

Net Profit Ann.

1Y CHG

-26.2%

2Y CAGR

6.1%

3Y CAGR

33.3%

5Y CAGR

23%

Net Profit Annual is falling faster than historical averages.

Operating Exp. Ann.

1Y CHG

1.2%

2Y CAGR

19.8%

3Y CAGR

12.9%

5Y CAGR

21.6%

Operating Expenses Annual Cr growth is lower than historical averages.

Refractory Shapes Technical Analysis

Refractory Shapes EMA & SMA

Bullish+8

8 bullish, 0 bearish

Bullish8

Bearish0

5 Day	43.6
10 Day	41.2
12 Day	40.5
20 Day	38.5

26 Day	37.4
50 Day	34.7
100 Day	34.0
200 Day	39.2

Refractory Shapes Delivery And Volume

Daily Avg. Delivery Volume %

30 Oct, 2026100.0%

Week97.6%

Month94.3%

Refractory Shapes Active Candlesticks

Short Line Uptrend

Legend

Positive IndicatorNeutral IndicatorNegative Indicator

Refractory Shapes Resistance and Support

44.65

Pivot

First Resistance	44.7
Second Resistance	44.7
Third Resistance	44.7

First Support	44.7
Second Support	44.7
Third Support	44.7

Day RSI	68
Day MACD	3.1
Day MFI	85
Day MACD Signal Line	2.1

Refractory Shapes Beta

1 Month	-0.6
1 Year	0.0

3 Month	-0.8
3 Year	-

Refractory Shapes Price Change Analysis

↑9.8%

Over 1 Month

LowHigh

30.547

↑68.5%

Over 3 Months

LowHigh

23.247

↑6.6%

Over 6 Months

LowHigh

23.247

↓-10.3%

Over 1 Year

LowHigh

23.261.2

Refractory Shapes Shareholding Pattern/ Ownership

Shareholding Summary

Sep 2026

Name	Category	Shares	Shares %
Dayashankar Krishna Shetty	Promoter	5,372,000	24.6 %
Jinendra Kumar Jain	Public	923,000	4.2 %

HISTORICAL PROMOTER HOLDING

HISTORICAL FII HOLDING

HISTORICAL MF HOLDING

All Shareholding details

Refractory Shapes Deals - Insider, Bulk, Block and SAST

Client Name	Deal Type	Action	Date	Avg. Price	Quantity	Exchange
NEXT ORBIT VENTURES FUND	Bulk	Sell	24 Dec 2025	57.60	109,000	NSE
JINENDRA KUMAR JAIN	Bulk	Purchase	24 Dec 2025	57.64	111,000	NSE
MANSI SHARE AND STOCK ADVISORS PVT LTD	Bulk	Purchase	24 Jul 2024	193	132,000	NSE
VISHAL BIPINKUMAR DOSHI	Bulk	Sell	13 Jun 2024	210.01	132,000	NSE
VISHAL BIPINKUMAR DOSHI	Bulk	Purchase	13 Jun 2024	210.45	40,000	NSE
VISHAL BIPINKUMAR DOSHI	Bulk	Purchase	12 Jun 2024	200.45	132,000	NSE
VISHAL BIPINKUMAR DOSHI	Bulk	Sell	11 Jun 2024	190.95	120,000	NSE
VISHAL BIPINKUMAR DOSHI	Bulk	Purchase	11 Jun 2024	190.95	120,000	NSE
LIESHA CORPORATION PRIVATE LIMITED .	Bulk	Sell	29 May 2024	139.15	112,000	NSE
VISHAL BIPINKUMAR DOSHI	Bulk	Sell	29 May 2024	139.51	244,000	NSE

All deals

Refractory Shapes Corporate Actions

Refractory Shapes Board Meetings

Refractory Shapes past and upcoming board meetings.

#Ex-Date	Purpose	Notes
113 Oct 2026	Other business matters	-
203 Sep 2026	Other business matters	-
325 May 2026	Audited Results & Others	To consider other business matters.
413 Nov 2025	Quarterly Results	-
504 Sep 2025	Others	To consider other business matters.

All Corporate Actions

Refractory Shapes - Company Profile

Refractory Shapes Management Structure

Refractory Shapes management structure with salaries, total experience, and qualifications.

NAME	DESIGNATION	GROSS REMUNERATION ₹(LAC)	AS OF	HISTORY & DETAILS
Mr. Ammar Rangwala	Chief Financial Officer	-	Mar 26
Neelam Mandawat.	Company Secretary	-	Mar 26

Refractory Shapes Board of Directors

Refractory Shapes Board of directors with salaries, total experience, and qualifications.

NAME	POSITION	GROSS REMUNERATION ₹(LAC)	AS OF
M Jothiprakash	Whole-time Director	-	Mar 24
Siddharth Kumar	Independent Director	-	Mar 24
Abhay Yatin Naik	Independent Director	-	Mar 24
Kemmannu Shashidhara Rao	Independent Director	-	Mar 24
Dhananjay Mayur Dave	Independent Director	-	Mar 24
Ravindra Venkatesh Hulyalkar	Independent Director	-	Mar 24
Neelam Mandawat	Company Sec. & Compli. Officer	-	Mar 24

About

Website: www.refshape.com

About the company - Business Profile

Refractory Shapes Ltd. specializes in the manufacturing of high-quality refractory products tailored for demanding industrial environments. The company serves as a critical supplier to industries that operate at high temperatures, such as steel, cement, glass, and petrochemicals. Its business model focuses on custom engineering and production of specialized bricks, monolithics, and intricate shapes that optimize thermal efficiency and durability for its clients.

Key Points

Key Facts:
- Founded: 1996.
- Headquarters: Mumbai, Maharashtra.
- Stock Listing: Listed on the NSE SME platform.
- Core Products: Bricks (Alumina, Magnesite), Monolithics, Pre-cast Pre-fired (PCPF) shapes, and Ceramic fiber products.
Operations and Resources:
- The company operates a manufacturing facility in Wankaner, Gujarat, strategically located to access raw materials and serve major industrial hubs.
- The facility produces a wide range of shaped and unshaped refractories, including customized PCPF shapes that reduce on-site installation time for customers.
Market and Significance:
- Refractory Shapes serves critical high-temperature sectors. Its products are essential for lining furnaces, kilns, and reactors where temperatures can exceed 1,500°C.
- The company holds a niche position in providing tailored solutions for the Glass and Non-ferrous metal industries, where precision and material purity are paramount.
Business Model and Expertise:
- The business model is built on providing bespoke engineering solutions rather than mass-market commodity refractories.
- The company is proficient in manufacturing intricate shapes and large-scale blocks that require specialized molding and firing processes to ensure structural integrity under thermal stress.
Revenue Breakdown:
- By Segment: For the financial year 2024-25, the company derived its primary revenue from the Manufacturing of Refractory Products.
- By Geography: Revenue is predominantly domestic (India), with emerging contributions from exports to Southeast Asia and the Middle East.
Key Products and Advancements:
- Low Cement Castables: Advanced monolithic products offering higher strength and density compared to traditional castables.
- PCPF Blocks: Pre-fired blocks for glass furnaces that offer extended service life and faster furnace turnaround.
Current Strategic Initiatives:
- Capacity Expansion: The company has utilized proceeds from its initial public offering to expand manufacturing capacity at its Wankaner plant and set up a new production line for high-alumina bricks.
- R&D Focus: Developing new-generation monolithic refractories that support "Green Steel" initiatives by improving the energy efficiency of electric arc furnaces.

References

Refractory Shapes FAQ

Refractory Shapes today is trading in the red, down by 5% at ₹44.65.

Refractory Shapes is currently trading down 5% on an intraday basis. In the past week the stock rose 14.93%. Stock has been up 68.49% in the past quarter and fell 10.25% in the past year. You can view this in the share price history/seasonality section.

Refractory Shapes is listed on NSE with the ticker REFRACTORY. It's currently trading on NSE at a share price of ₹44.65.

The market cap of Refractory Shapes is ₹97.34 Cr. as of Oct 30, 2026.

Refractory Shapes has never announced any dividend since the time of its listing on the NSE exchange.

Refractory Shapes has never issued stock splits or bonus shares since the time of its listing on the NSE exchange.

Refractory Shapes reported ₹58.57 Cr. in revenue, ₹4.79 Cr. in net profit, and ₹9.51 Cr. in EBITD as of Mar 31, 2026 for FY25-26.

There are no analyst predictions for stock price target for Refractory Shapes.

The PE ratio of Refractory Shapes is 20.32 as of Oct 30, 2026.

The PB ratio of Refractory Shapes is 1.93 as of Oct 30, 2026.

There are no analyst reports for Refractory Shapes.

You can set real-time stock alerts on price, volume, SMA, and several other parameters by scrolling to the top of this page and clicking the bell icon on the far right-hand side of the stock overview.

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Company Profile

Refractory Shapes Live Share Price Today, Share Analysis and Chart

SWOT Analysis

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Refractory Shapes Stock Price Analysis

Day Price Range

Week Price Range

Month Price Range

52 Week Price Range

Refractory Shapes - Annual

Refractory Shapes annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history

Annual Revenue Refractory Shapes Mar-2026 Annual Revenue is Rs 59 Cr which is growth of -2.1% YoY.

Annual Net Profit Refractory Shapes Mar-2026 Annual Net Profit is Rs 5 Cr which is growth of -25.2% YoY.

Refractory Shapes Technical Analysis

Refractory Shapes EMA & SMA

Refractory Shapes Delivery And Volume

Refractory Shapes Active Candlesticks

Refractory Shapes Resistance and Support

Refractory Shapes Beta

Refractory Shapes Price Change Analysis

Refractory Shapes Shareholding Pattern/ Ownership

Shareholding Summary

HISTORICAL PROMOTER HOLDING

HISTORICAL FII HOLDING

HISTORICAL MF HOLDING

Refractory Shapes Deals - Insider, Bulk, Block and SAST

Bulk Block Deals

Refractory Shapes Corporate Actions

Refractory Shapes Board Meetings

Refractory Shapes past and upcoming board meetings.

Refractory Shapes - Company Profile

Refractory Shapes Management Structure

Refractory Shapes management structure with salaries, total experience, and qualifications.

Refractory Shapes Board of Directors

Refractory Shapes Board of directors with salaries, total experience, and qualifications.

About the company - Business Profile

Key Points

References

Refractory Shapes FAQ

How is Refractory Shapes today?

Refractory Shapes today is trading in the red, down by 5% at ₹44.65.

How has Refractory Shapes performed historically?

Refractory Shapes is currently trading down 5% on an intraday basis. In the past week the stock rose 14.93%. Stock has been up 68.49% in the past quarter and fell 10.25% in the past year. You can view this in the share price history/seasonality section.

What is the current share price of Refractory Shapes on NSE and BSE exchanges?

Refractory Shapes is listed on NSE with the ticker REFRACTORY. It's currently trading on NSE at a share price of ₹44.65.

What is the market cap of Refractory Shapes?

The market cap of Refractory Shapes is ₹97.34 Cr. as of Oct 30, 2026.

When did Refractory Shapes last pay a dividend, and what has its dividend history been?

Refractory Shapes has never announced any dividend since the time of its listing on the NSE exchange.

Has Refractory Shapes issued any bonus shares or share splits recently?

Refractory Shapes has never issued stock splits or bonus shares since the time of its listing on the NSE exchange.

What do the financial statements and annual reports of Refractory Shapes Indicate?

Refractory Shapes reported ₹58.57 Cr. in revenue, ₹4.79 Cr. in net profit, and ₹9.51 Cr. in EBITD as of Mar 31, 2026 for FY25-26.

What is the target share price of Refractory Shapes according to analyst predictions in FY26-27?

There are no analyst predictions for stock price target for Refractory Shapes.

What is the PE Ratio of Refractory Shapes?

The PE ratio of Refractory Shapes is 20.32 as of Oct 30, 2026.

What is the PB Ratio of Refractory Shapes?

The PB ratio of Refractory Shapes is 1.93 as of Oct 30, 2026.

Where can I check the latest Research Reports about Refractory Shapes?

There are no analyst reports for Refractory Shapes.

How can I be notified of real time alerts about Refractory Shapes stock?

You can set real-time stock alerts on price, volume, SMA, and several other parameters by scrolling to the top of this page and clicking the bell icon on the far right-hand side of the stock overview.