Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
NILACHAL.BOthis companyNilachal Refractories Limited	₹37.89	-20.56×	-3.04×	63.05×	-36.38×	-197.5%	-18.6%	-338.2%	-306.7%	14.8%	-39.1%	-1.5%	-1.4×	-11.47×	-14.35×	0.22×	0.0%	2	—	2	C
ASSOCER.BOAssociated Ceramics Ltd.	₹181.90	18.76×	1.51×	0.88×	7.08×	-121.3%	40.3%	5.2%	4.7%	8.1%	5.9%	4.2%	0.12×	0.51×	13.16×	1.39×	0.0%	—	—	2	C
IFGLEXPOR.NSIFGL Refractories Limited	₹176.95	25.57×	0.76×	0.47×	7.41×	-101.2%	26.4%	3.0%	1.8%	3.0%	3.1%	-1.6%	0.18×	1.1×	3.56×	2.34×	2.8%	4	—	2	C+
REFRACTORY.NSRefractory Shapes Ltd.	₹37.60	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
RHIM.NSRHI Magnesita India Limited	₹359.25	-18.22×	1.96×	1.74×	16.21×	17.5%	24.8%	6.3%	-9.5%	-10.8%	6.2%	3.8%	0.13×	0.64×	6.79×	2.75×	0.7%	3	—	2	C+
SRECR.BOSreechem Resins Limited	₹20.60	-54.05×	0.88×	0.42×	94.49×	110.8%	28.7%	-0.9%	-0.8%	-1.6%	-1.6%	-4.6%	0.2×	17.31×	-1.55×	2.6×	0.0%	3	—	2	C+
Peer median	—	0.27×	1.2×	0.67×	11.81×	-41.9%	27.6%	4.1%	0.5%	0.7%	4.5%	1.1%	0.15×	0.87×	5.18×	2.47×	0.4%	3	—	2	—