Refractory Shapes Limited

Refractory Shapes Limited (REFRACTORY) is a micro-cap Capital Goods company valued at ₹70 crore operating in Electrodes & Refractories on the NSE and BSE.

Recent price move

Refractory Shapes Limited last traded at ₹32, up 4.92% on the day.

Recent developments

On 2026-03-31, the company reported its latest quarter results, showing a significant drop in both revenue and net profit compared to the same quarter a year earlier. The company has not paid dividends despite reporting profits, which may signal a focus on reinvestment or financial constraints.

Financial performance

The company's annual revenue fell 2.8% to ₹57 crore, while net profit dropped 25.3% to ₹5 crore. The latest quarter saw revenue plunge 35.8% to ₹23 crore and net profit fall 95.2% to ₹0 crore, indicating a sharp decline in recent performance.

Valuation multiples

The stock trades at 14.6 times earnings, 1.08 times book value.

Things to watch

The company's net profit margin narrowed 2.4 percentage points to 7.9%, and the latest quarter net profit fell to ₹0 crore, highlighting weak profitability. The stock is 36.8% below its 52-week high, and the company has not distributed dividends despite reporting profits, raising concerns about liquidity or reinvestment priorities.

Where it stands

The company's business has shown strong revenue growth over the past five years, but recent quarterly results reveal a sharp decline in performance. The stock is significantly below its 52-week high, and the company has not paid dividends despite reporting profits, which may indicate financial constraints or strategic choices.

Summarised by DocStoX's model on 2026-10-04 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.