SP Refractories Share Price Target 2025: Can This Microcap Surprise Everyone?
SP Refractories Ltd. (NSE: SPRL) is gaining attention as one of the lesser-known micro-cap stocks in the industrial sector. As of July 30, 2025, the stock is trading around ₹147, significantly down from its 52-week high of ₹270. However, strong fundamentals and technical signals suggest a potential recovery.
Let’s explore if SP Refractories can hit a target of ₹170–₹241 by the end of 2025.
SP Refractories: Key Highlights (As of 30 July 2025)
| Detail | Value |
|---|---|
| Current Price | ₹147 (NSE SME) |
| 52-Week High/Low | ₹270 / ₹104 |
| Market Cap | ₹25–27 Cr |
| P/E Ratio | 12.16× (undervalued) |
| ROE (Return on Equity) | ~16.6% |
| Promoter Holding | 69.4% |
Technical Analysis: Where Is SPRL Heading?
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RSI (Relative Strength Index): ~53 (Neutral zone)
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MACD & Bollinger Bands: Mixed trends; nearing a reversal
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Support Zone: ₹140 – ₹142
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Resistance Levels: ₹151, ₹160, then ₹172
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Trend Score (Finosauras): 46/100 (Neutral to Mild Bullish)
If the stock breaks ₹151 with strong volume, momentum could push it toward ₹160–₹172.
SP Refractories Share Price Target 2025 – Forecast Scenarios
| Scenario | Target Price (₹) | Commentary |
|---|---|---|
| Conservative | ₹140 – ₹151 | Sideways to mild recovery |
| Moderate Bullish | ₹151 – ₹160 | Breakout with improving sentiment |
| Strong Bullish | ₹160 – ₹172 | Earnings boost + technical momentum |
| Aggressive/Speculative | ₹172 – ₹241 | Full reversal to previous highs (₹270 zone) |
| Bearish Risk Zone | ₹130 – ₹140 | Weak volumes or broader market correction |
What’s Driving Interest in SP Refractories?
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Low Valuation: P/E ratio and P/B ratio indicate it may be undervalued.
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Sector Exposure: Supplies refractory products to steel and cement sectors.
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Healthy ROE: At 16.6%, it outperforms many peers.
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High Promoter Holding: Indicates strong confidence by management.
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Low Debt: Financially stable with minimal liabilities.
Key Risks & Challenges
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Low Liquidity: As a SME-listed stock, daily volumes are low.
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Volatility: Price fell nearly 47% from its 52-week high.
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Limited Analyst Coverage: Few institutional investors track the stock.
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Sector Sensitivity: Demand tied to cyclical industries like steel and cement.
Should You Buy, Hold or Avoid?
SP Refractories may offer an opportunity for bold investors willing to take small-cap risks. If the stock maintains above ₹142 and breaks ₹151 convincingly, there’s a fair chance it could test ₹170 or more by the end of 2025.
