Change in Directors/KMP
Refractory Shapes Ltd - Executive Director Resignation
Refractory Shapes Ltd informed the exchange that Mr. Ammar Huseni Rangwala has resigned as Executive Director with effect from 2026-09-03 citing personal reasons.

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Refractory Shapes Ltd (REFRACTORY) is currently trading at 24.10 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Refractory Shapes Ltd specializes in manufacturing various refractory products like bricks, castables, and high alumina catalysts for critical industries such as steel, refineries, and petrochemicals. Initially established in 1973 as a proprietorship, the company transitioned to a public limited entity in 2024, reflecting its growth trajectory and strategic aspirations. As a recognized vendor for significant government projects, the company has fortified its market position through strong alliances with entities like Engineer India Limited since 2007. The firm has been diversifying its operations by offering not only manufactured products but also trading in associated goods such as metallic anchors and raw materials. Refractory Shapes Ltd is set to expand its capital base through a public offer of 6 million equity shares, signaling its plans for further growth and market penetration.
Over the past 52 weeks, Refractory Shapes Ltd has traded between a low of ₹24.05 and a high of ₹61.20. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Refractory Shapes Ltd has a market capitalization of approximately 53.08. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Refractory Shapes Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 11.08 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 53.08 Cr, Refractory Shapes Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Refractory Shapes Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Refractory Shapes Ltd is 11.08. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

Bearish
5
Neutral
2
Bullish
7
Bearish
37
Neutral
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Bullish
7
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32
Neutral
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Bearish
5
Neutral
2
Bullish
7
Bearish
5
Neutral
2
Bullish
7
Bearish
32
Neutral
0
Bullish
0
Bearish
32
Neutral
0
Bullish
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Bearish
32
Neutral
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Bullish
0
Change in Directors/KMP
Refractory Shapes Ltd informed the exchange that Mr. Ammar Huseni Rangwala has resigned as Executive Director with effect from 2026-09-03 citing personal reasons.
Regulatory/Compliance Filing
Refractory Shapes Limited informed the exchange that statutory auditors M/s. Suvarna & Katdare have resigned effective 02-09-2026 citing personal reasons; resignation letter dated 03-09-2026.
Board Meeting
Refractory Shapes Ltd (03-Sep-2026): Board accepted resignations of statutory auditors and multiple directors, recommended appointment of M/s Motilal & Associates as statutory auditors (5 years) subject to members' approval, reconstituted committees, approved draft Board report and 30th AGM notice.
Industrial Products
Electrodes & Refractories
53 Cr
Low Risk
11.0
35.3
0.4
1.1
61.20
24.05
Sales CAGR
Profit CAGR
ROE
ROCE