Refex Industries Limited REFEX NSEINFRA
Energy · Thermal Coal · India
Refex Industries Limited engages in handling and disposal of fly ash in India. It provides refills hydrofluorocarbons, which is used in air conditioners, refrigerators, and refrigeration systems. The company engages in solar power generation and related activities; coal trading; and providing coal yard management services and power trading solutions. It also owns and operates electric vehicles. The company was formerly known as Refex Refrigerants Limited and changed its name to Refex Industries Limited in November 2013. The company was incorporated in 2002 and is based in Chennai, India.
READ MORE ›₹328.30
-25.57% 1Y
Market & Price
Market Cap
₹4,773.37 Cr
Current Price
₹328.30
High / Low (52W)
₹518.06 / ₹189.11
Beta
1.72
Valuation
Stock P/E
18.28
Industry PE
17.61
Forward P/E
-
PEG Ratio
-
Book Value
₹94.84
Price to Book
3.46
P/S
2.23
EV/EBITDA
15.53
Dividend Yield
0.18%
Profitability & Returns
ROCE
22.69%
ROE
-
ROA
-
Profit Margin
7.50%
Op Margin
14.71%
EPS (Latest Qtr)
₹6.54
EPS (TTM)
₹17.96
Balance Sheet & Liquidity
Debt/Equity
0.14
Quick Ratio
-
Current Ratio
-
Debt
₹174.24 Cr
Total Assets
₹2,842.70 Cr
Current Assets
₹2,539.60 Cr
Working Capital
₹1,294.57 Cr
Ownership
Promoter Holding
56.84%
Chg in Prom Hold
-
FII / Inst Holding
0.46%
Chg in FII Hold
-
Financial Snapshot
Enterprise Value
₹3,857.61 Cr
Total Revenue (TTM)
₹2,145.28 Cr
EBITDA
₹248.44 Cr
Free Cash Flow
-
Operating Cash Flow
-
Shares Outstanding
₹14.54 Cr
Gross Margin
16.57%
Payout Ratio
3.87%
Growth (CAGR)
Revenue 5Y
12.06%
Profit 5Y
20.56%
Revenue (YoY)
-19.70%
Earnings (YoY)
1.00%
PROS
- Healthy ROCE of 22.7%.
- Compounding revenue at 12.1% over 5 years.
- Profit CAGR of 20.6% over 5 years.
CONS
- Trading 36.6% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
- RSI at 81 suggests overbought conditions.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Energy).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | REFEX Refex Industries Limited NSEINFRA | 328.30 | 18.28 | ₹4,773.37 Cr | 0.18% | 22.69% | - | 12.06% | 20.56% |
| 2 | RELIANCE Reliance Industries Limited NIFTY50NSEAIINFRA | 1,321.20 | 22.12 | ₹17.88 L Cr | 0.45% | 8.99% | 9.14% | 6.39% | 6.59% |
| 3 | ADANIENT Adani Enterprises Limited NIFTY50NSEAIINFRA | 2,937.40 | 39.84 | ₹4.03 L Cr | 0.04% | 10.09% | 13.66% | -7.61% | 55.92% |
| 4 | ONGC Oil and Natural Gas Corporation Limited NIFTY50NSEINFRAPSU | 265.40 | 8.06 | ₹3.34 L Cr | 6.97% | 12.95% | 12.70% | 1.70% | 4.11% |
| 5 | COALINDIA Coal India Limited NIFTY50NSEINFRAPSU | 457.90 | 9.07 | ₹2.82 L Cr | 4.80% | 19.79% | 28.12% | 9.74% | -0.71% |
| 6 | IOC Indian Oil Corporation Limited NSEINFRAPSU | 140.24 | 4.59 | ₹1.98 L Cr | 7.13% | 20.70% | 20.97% | -1.77% | 62.60% |
| 7 | HINDPETRO Hindustan Petroleum Corporation Limited NIFTY_MIDNSEINFRA | 393.85 | 4.64 | ₹83,804.29 Cr | 8.82% | 23.54% | 30.93% | 0.47% | 119.51% |
| 8 | OIL Oil India Limited NIFTY_MIDNSEINFRAPSU | 476.15 | 11.70 | ₹77,450.93 Cr | 3.99% | 10.13% | 12.74% | -2.02% | -8.81% |
| 9 | PETRONET Petronet LNG Limited NIFTY_MIDNSEINFRAPSU | 271.05 | 10.39 | ₹40,657.50 Cr | 3.69% | 21.26% | 18.56% | -9.63% | 5.56% |
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Quarterly Results
Figures in INR.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | - | 686.04 Cr | 594.47 Cr | 383.25 Cr | 576.01 Cr | 934.17 Cr |
| Cost of Revenue | - | 614.61 Cr | 516.52 Cr | 322.81 Cr | 466.09 Cr | 757.83 Cr |
| Gross Profit | - | 71.43 Cr | 77.95 Cr | 60.44 Cr | 109.92 Cr | 176.34 Cr |
| Operating Expenses | - | 20.91 Cr | 20.84 Cr | 36.74 Cr | 25.20 Cr | 22.15 Cr |
| Operating Income | - | 50.53 Cr | 57.12 Cr | 23.70 Cr | 84.72 Cr | 154.19 Cr |
| EBITDA | - | 77.71 Cr | 73.12 Cr | 48.49 Cr | 95.56 Cr | 158.13 Cr |
| Interest Expense | - | 4.70 Cr | 5.15 Cr | 9.93 Cr | 9.14 Cr | 10.15 Cr |
| Pretax Income | - | 70.38 Cr | 67.96 Cr | 24.42 Cr | 81.38 Cr | 147.98 Cr |
| Tax Provision | - | 11.98 Cr | 7.26 Cr | 3.88 Cr | 20.04 Cr | 42.00 Cr |
| Net Income | - | 50.05 Cr | 48.32 Cr | 21.17 Cr | 53.92 Cr | 90.82 Cr |
| Diluted EPS | - | 3.84 | 3.49 | 1.50 | 3.89 | 6.54 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 1,617.90 Cr | 1,377.10 Cr | 2,259.43 Cr | 2,276.74 Cr |
| Cost of Revenue | - | 1,422.47 Cr | 1,189.85 Cr | 2,006.50 Cr | 1,863.08 Cr |
| Gross Profit | - | 195.43 Cr | 187.26 Cr | 252.93 Cr | 413.65 Cr |
| Operating Expenses | - | 26.80 Cr | 48.66 Cr | 56.67 Cr | 76.46 Cr |
| Operating Income | - | 168.63 Cr | 138.60 Cr | 196.26 Cr | 337.19 Cr |
| EBITDA | - | 172.52 Cr | 152.08 Cr | 278.73 Cr | 422.40 Cr |
| Interest Expense | - | 9.24 Cr | 17.20 Cr | 17.73 Cr | 32.08 Cr |
| Pretax Income | - | 156.39 Cr | 121.33 Cr | 228.43 Cr | 330.43 Cr |
| Tax Provision | - | 40.33 Cr | 28.35 Cr | 48.74 Cr | 88.05 Cr |
| Net Income | - | 116.06 Cr | 93.87 Cr | 158.78 Cr | 203.35 Cr |
| Diluted EPS | 4.32 | 10.77 | 8.36 | 12.33 | - |
Compounded Sales Growth
| 5 Years: | 12.06% |
| 1 Year: | -19.70% |
Compounded Profit Growth
| 5 Years: | 20.56% |
| 1 Year: | 1.00% |
Stock Price Performance
| 1 Year: | -25.57% |
| 6 Months: | +1.53% |
| 3 Months: | +37.93% |
| 1 Month: | +23.10% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 752.30 Cr | 797.98 Cr | 1,799.19 Cr | 2,842.70 Cr |
| Current Assets | - | 526.26 Cr | 502.08 Cr | 1,381.41 Cr | 2,539.60 Cr |
| Cash & Equivalents | - | 10.18 Cr | 46.14 L | 281.49 Cr | 183.71 Cr |
| Inventory | - | 10.81 Cr | 7.23 Cr | 7.41 Cr | 76.07 Cr |
| Receivables | - | 245.17 Cr | 305.94 Cr | 676.77 Cr | 886.25 Cr |
| Total Liabilities | - | 437.91 Cr | 333.29 Cr | 587.02 Cr | 1,334.12 Cr |
| Current Liabilities | - | 332.00 Cr | 193.89 Cr | 396.25 Cr | 1,245.03 Cr |
| Long Term Debt | - | 40.46 Cr | 52.96 Cr | 91.84 Cr | 28.82 Cr |
| Total Debt | - | 149.42 Cr | 214.56 Cr | 286.06 Cr | 225.04 Cr |
| Total Equity | - | 314.39 Cr | 465.58 Cr | 1,212.79 Cr | 1,504.15 Cr |
| Shares Outstanding | - | 11.05 Cr | 11.57 Cr | 12.92 Cr | 13.72 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 27.62 Cr | 2.85 Cr | -248.50 Cr | 107.14 Cr |
| Investing Cash Flow | - | -77.56 Cr | -41.88 Cr | -104.56 Cr | -267.90 Cr |
| Financing Cash Flow | - | 59.89 Cr | 61.87 Cr | 601.60 Cr | 65.35 Cr |
| Capital Expenditure | - | -71.99 Cr | -50.72 Cr | -220.60 Cr | -199.67 Cr |
| Free Cash Flow | - | -44.37 Cr | -47.87 Cr | -469.10 Cr | -92.53 Cr |
| Net Change in Cash | - | 9.95 Cr | 22.84 Cr | 248.54 Cr | -95.41 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 12.1% | 13.6% | 11.2% | 18.2% |
| Operating Margin % | - | 10.4% | 10.1% | 8.7% | 14.8% |
| Net Margin % | - | 7.2% | 6.8% | 7.0% | 8.9% |
| ROE % | - | 36.9% | 20.2% | 13.1% | 13.5% |
| ROCE % | - | 40.1% | 22.9% | 14.0% | 21.1% |
Shareholding Pattern
Insiders
56.84%
Institutions
0.46%
Public Float
1.07%
Analyst View
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Analyst aggregate. Targets and ratings update periodically; not investment advice.
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