What we do SP Refractories Ltd manufactures premium refractory materials used in iron, steel, and construction industries, focusing on quality and customized solutions. |
Founded in 2,007 |
Market share Established player with healthy client base in refractory cement segment; niche market presence. |
Problem solved Provides high-quality refractory products crucial for high-temperature industrial processes ensuring durability and performance. |
Top clients or who we serve Serves iron, steel, and construction industries; primarily B2B clients focused on industrial manufacturing needs. |
Key management Namita Prabodh Kale (Whole Time Director), Shweta Prabodh Kale (CFO, Director), Prajakta Prabodh Kale (Non-Executive Director). |
Our journey and innovations From 2007, evolved from partnership legacy; public listing in 2022; continuous R&D on environmentally friendly, cost-efficient materials. |
Where we operate Operations primarily in India with a growing footprint in industrial hubs; no international market focus currently. |
Top products or what we offer Refractory cement and castables produced using premium cement and aggregates with 7000 MT annual capacity. |
Top brands - |
Raw materials needed Clinkers, cement, aggregates; sourced externally for manufacturing and crushing processes. |
Raw materials supplier Local and specialized clinker vendors; some on job work basis. |
Recurring vs cyclical contribution Revenue largely recurring due to consistent industrial demand, though linked to steel and construction cycles. |
Our industry position Respected mid-sized player with stable growth and profit in refractory materials niche for heavy industries. |
Financial highlights FY 2024-25 revenue Rs. 30.25 crore; net profit Rs. 2.09 crore; steady growth over previous year with improved margins. |
Geographical revenue split Revenue predominantly from Indian domestic markets targeting steel and construction sectors. |
Order book - |
Whats driving growth Increasing demand in steel and construction sectors, product innovation, and capacity utilization boosting revenues. |
Our future plans Focus on product redesign for cost efficiency and eco-friendliness; growth via technical service enhancements. |
Our green promise Innovating environment-friendly refractory materials and reducing input costs to minimize ecological impact. |
Our people and values Promoted and managed by a family leadership team emphasizing integrity and long-term growth. |
Key challenges ahead Raw material price fluctuations and industrial demand cyclicality pose risks; continuous innovation critical. |
Interesting facts Started as a family legacy business; transitioned to a public company with successful IPO in 2022. |
Risks and strategy Market volatility addressed through product innovation and operational efficiency; strong internal controls in place. |
