Industrial Products sector

Industry analysis

Electrodes & Refractories

Read from what its listed companies are showing. Valuations are compared within this industry.

Mixed

16 listed companies · ₹ 45,957 Cr. total market value
  • ●43% of companies grew sales by more than 8% from a year earlier; the typical company's profit rose 56%. 6% made a loss.
  • ●1 credit rating upgrade and no downgrades in the last 90 days.
  • –4 good and no bad company announcements, including 1 big order won (read since 6 Oct 2026; not counted until there is a month of them).
  • ●The typical share is up 3.4% in 3 months; 45% of shares trade above their 200-day average (their usual level).
  • –Typical P/E 28.7, 19% above these companies' usual level (pricier than normal).

▲ / ▼ / ● are the signals the verdict counts: results, credit ratings, announcements and share prices. Lines marked – are shown but not counted.

In charts

Share prices over the last year

The typical Electrodes & Refractories share against the typical share on the market, both starting at 100. Now 96 vs 83.

Is growth speeding up or slowing down?

The typical company's sales and profit growth against the same quarter a year earlier.

Price against growth

Each dot is a company: further left is cheaper (lower P/E), higher up grew profit faster. Red dots passed the cheaper-than-peers screen. Companies beyond the chart's edges sit on the edge.

Cheaper than peers

Not a buy list. These shares trade at a P/E at least 30% below their industry's typical level and below their own usual level, and they also pass basic checks: profitable, sales and profit growing, low debt, no red flags, market value of ₹250 Cr or more. Cheap shares are often cheap for a reason; this is where to start reading, not where to stop.

No company here passes every test right now.

Cheaper than peers across the whole market

Leaders and laggards

Good news

  1. Raghav Productivity EnhancersStrong results
  2. Monolithisch IndiaBig order won

Warning signs

No red flags in 90 days.

Companies

Click a column to sort.

Electrodes & Refractories companies
Signs (90 days)
Graphite India
GRAPHITE
Electrodes & Refractories₹ 13,441.84 Cr.+26.6%+28.6%61.4+11.6%
Vesuvius India
VESUVIUS
Electrodes & Refractories₹ 7,951.34 Cr.+2.3%−6.3%31.2−15.3%
Raghav Productivity Enhancers
RPEL
Electrodes & Refractories₹ 7,384.05 Cr.+45.3%+57.1%106.3+36.2%
Strong results
RHI Magnesita India
RHIM
Electrodes & Refractories₹ 7,256.11 Cr.+5.6%+85.7%38.7−9%
HEG
HEGAM
Electrodes & Refractories₹ 3,847.97 Cr.+11.1%+16.2%18.5—
Monolithisch India
MONOLITH
Electrodes & Refractories₹ 2,560.17 Cr.+92.9%+120%88.9+55.1%
Big order won
IFGL Refractories
IFGLEXPOR
Electrodes & Refractories₹ 1,152.54 Cr.+12.8%+54.5%26.6−14.6%
Foseco Crucible (India) Ltd
523160
Electrodes & Refractories₹ 971.81 Cr.+14%+66.7%66.5+39%
Orient Ceratech
ORIENTCER
Electrodes & Refractories₹ 462.14 Cr.+4.6%+99.3%13.8−1.9%
De Nora India
DENORA
Electrodes & Refractories₹ 374.22 Cr.−16%+96.6%30.8−20.1%
Panasonic Carbon India Company Ltd
508941
Electrodes & Refractories₹ 182.27 Cr.−30.1%−32.4%9.5−16.3%
Royal Arc Electrodes
ROYALARC
Electrodes & Refractories₹ 164.84 Cr.——16.4+3.4%
Refractory Shapes
REFRACTORY
Electrodes & Refractories₹ 84.69 Cr.+5.8%−91.8%17.7+61.3%
Nilachal Refractories
502294
Electrodes & Refractories₹ 76.99 Cr.—Loss57−3.8%
Auro Impex & Chemicals
AUROIMPEX
Electrodes & Refractories₹ 45.81 Cr.−20.7%0%11+66%
SP REFRACTORIES LIMITED
SPRL
Electrodes & Refractories—−20.4%+64.2%7.1+50.8%

Figures are medians and shares of companies, so one giant company cannot outweigh the rest. Results compare each company's latest quarter with the same quarter a year earlier; ratings and announcements cover the last 90 days (announcements are read by AI and can be wrong). This page adds up published data; it is not a recommendation to buy or sell anything.