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Refex Industries Ltd

Refex Industries Ltd

REFEX Share Price

NSE
331.554.92% (+15.55)
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With a market cap of ₹4,549 cr, stock is ranked 874

Stock is 4.12x as volatile as Nifty

REFEX Stock Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Avg

The stock has a moderate number of red flags

How to use scorecard? Learn more

With a market cap of ₹4,549 cr, stock is ranked 874

Stock is 4.12x as volatile as Nifty

REFEX Performance & Key Metrics

REFEX Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
22.373.020.30%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
24.143.161.26%

REFEX Analyst Ratings & Forecast

Analyst Ratings data is currently unavailable for this stock

Price Upside

Earnings Growth

Rev. Growth

REFEX Company Profile

Refex Industries Limited is engaged in the business of refilling non-ozone depleting refrigerant gases known as hydro fluoro carbons (HFCs). The Company's HFCs are used in automobile air-conditioners, room air-conditioners and refrigerant equipment.

Investor Presentation

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May 26, 2026

PDF
View Older Presentations

REFEX Similar Stocks (Peers)

Compare with peers Compare with peers 

REFEX Similar Stocks (Peers)

Compare with peers Compare with peers 
PE Ratio
100.48
100.48
1Y Return
28.76%
28.76%
Buy Reco %
84.62
84.62
LINDEINDIA
PE Ratio
105.12
105.12
1Y Return
4.08%
4.08%
Buy Reco %
0.00
0.00
PE Ratio
53.08
53.08
1Y Return
64.30%
64.30%
Buy Reco %
0.00
0.00
PE Ratio
49.54
49.54
1Y Return
7.14%
7.14%
Buy Reco %
88.89
88.89
PE Ratio
41.59
41.59
1Y Return
9.60%
9.60%
Buy Reco %
47.06
47.06
Compare with Peers

REFEX Sentiment Analysis

REFEX Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

REFEX Stock Summary · June 2026

Strong operational execution drove a pronounced quarter of improvement, with Q4 standalone revenue reaching INR 701 crore and EBITDA margin expanding to 20.1%, reflecting management’s emphasis on scaling the ash-and-coal services business and disciplined cost control. Management framed the results as evidence of higher-quality revenue and a more resilient earnings profile, pointing to technology-led efficiency, lower manpower costs and a deliberate shift away from lower-margin trading as the drivers of materially stronger full-year profitability despite a moderated FY26 top line. At the same time they acknowledged tension between improving margins and near-term revenue headwinds from plant transitions, trading exit and partial pass-through of diesel inflation that leaves residual cost exposure, together with working-capital volatility driven by unbilled contract assets and longer receivable cycles. Near term, management reiterated execution of the existing project backlog—including the wind order execution plan—and expects the ash-and-coal business to sustain its recent growth rate while noting seasonality and external timing risks around the demerger and billing processes.

REFEX Stock Growth Drivers
REFEX Stock Growth Drivers
5
  • Strategic portfolio reshaping driving materially stronger profitability

    The company executed a deliberate shift away from lower‑margin trading activities toward higher‑margin, service‑led businesses

  • Ash & coal handling: established market leadership with strong order pipeline and scalable execution

    The ash & coal handling division is positioned as the primary near‑term growth engine with

REFEX Stock Challenges
REFEX Stock Challenges
5
  • Top-line weakness and limited revenue visibility

    Standalone revenue from continuing operations declined to INR2,039 crores in FY26 from INR2,259 crores a

  • Fuel-cost exposure despite partial pass-through

    Contracts for ash-handling include escalation clauses that typically permit only partial recovery of diesel-price increases,

REFEX Forecast

REFEX Forecasts

empty forecast

Forecast data is currently unavailable

Forecast data is currently unavailable

Price

Price Upside

Revenue

Revenue Growth

Earnings

Earnings Per Share

REFEX

REFEX

Income

Balance Sheet

Cash Flow

REFEX Income Statement

REFEX Income Statement

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Quarterdec 2023mar 2024jun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025mar 2026
Total Revenue309.17350.33593.05435.39710.59610.47376.40419.89581.81938.10
Operating & Other expensessubtract271.70301.10542.53387.05641.23547.12337.76353.32494.87786.18
Depreciation/Amortizationsubtract3.984.165.612.352.633.024.874.955.045.33
Interest & Other Itemssubtract8.318.505.843.544.705.156.176.629.1410.15
Taxes & Other Itemssubtract8.292.319.0411.3911.986.876.4217.5618.8345.63
EPS1.533.022.542.633.993.711.582.893.946.62

REFEX Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2026FY 2026

Annual report

PDF

Investor Presentation

May 26PDF
Jan 21PDF
Nov 5PDF
Aug 13PDF
FY 2025FY 2025

Annual report

PDF

Investor Presentation

Apr 24PDF
Feb 28PDF
Jan 27PDF
Nov 14PDF
FY 2024FY 2024

Annual report

PDF
FY 2023FY 2023

Annual report

PDF
FY 2022FY 2022

Annual report

PDF
FY 2021FY 2021

Annual report

PDF
FY 2020FY 2020

Annual report

PDF
FY 2019FY 2019

Annual report

PDF
FY 2018FY 2018

Annual report

PDF
FY 2017FY 2017

Annual report

PDF
 

REFEX Stock Peers

REFEX Past Performance & Peer Comparison

REFEX Past Performance & Peer Comparison

Comparing 3 stocks from 
MaterialsCommodity Chemicals

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Refex Industries Ltd22.373.020.30%
Solar Industries India Ltd100.4825.740.06%
Linde India Ltd105.1213.530.18%
Himadri Speciality Chemical Ltd53.088.380.10%

REFEX Stock Price Comparison

Compare REFEX with any stock or ETF
Compare REFEX with any stock or ETF
REFEX
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REFEX Holdings

REFEX Shareholdings

REFEX Promoter Holdings Trend

REFEX Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

High Pledged Promoter Holding
Lower pledged promoter holdings is considered better

A significant proportion of promoter holdings is pledged

REFEX Institutional Holdings Trend

REFEX Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

REFEX Shareholding Pattern

REFEX Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding56.57%0.13%0.25%0.93%42.13%

Dec 2025

Mar 2026

May 2026

Jun 2026

REFEX Shareholding History

REFEX Shareholding History

SepOctDec '25MarMayJun1.71%1.60%2.03%1.37%1.65%0.93%

Mutual Funds Invested in REFEX

Mutual Funds Invested in REFEX

No mutual funds holding trends are available

Top 5 Mutual Funds holding Refex Industries Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
0.1358%0.24%0.07%99/255 (+18)
0.0046%0.56%0.56%24/30 (-7)
0.0009%0.01%0.00%706/755 (+21)

Compare 3-month MF holding change on Screener

REFEX Insider Trades & Bulk Stock Deals

REFEX Insider Trades & Bulk Stock Deals

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smallcases containing REFEX stock

smallcases containing REFEX stock

Looks like this stock is not in any smallcase yet.

REFEX Events

REFEX Events

REFEX Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

REFEX Dividend Trend

No dividend trend available

REFEX Upcoming Dividends

REFEX Upcoming Dividends

No upcoming dividends are available

REFEX Past Dividends

REFEX Past Dividends

Cash Dividend

Ex DateEx DateJul 24, 2026

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Jul 24, 2026

Cash Dividend

Ex DateEx DateAug 19, 2025

Interim 1
Interim 1 | Div/Share: ₹0.50

Dividend/Share

0.50

Ex DateEx Date

Aug 19, 2025

Cash Dividend

Ex DateEx DateFeb 20, 2024

Interim
Interim | Div/Share: ₹0.50

Dividend/Share

0.50

Ex DateEx Date

Feb 20, 2024

Cash Dividend

Ex DateEx DateSep 14, 2023

Final
Final | Div/Share: ₹2.00

Dividend/Share

2.00

Ex DateEx Date

Sep 14, 2023

Cash Dividend

Ex DateEx DateSep 16, 2021

Final
Final | Div/Share: ₹0.50

Dividend/Share

0.50

Ex DateEx Date

Sep 16, 2021

REFEX Stock News & Opinions

REFEX Stock News & Opinions

Corporate
Corporate
Refex Industries to declare Quarterly Results

Refex Industries will hold a meeting of the Board of Directors of the Company on 29 July 2026.

3 days agoCapital Market - Live
Corporate
Corporate
Refex Industries wins order of Rs 20.94 cr

Refex Industries has procured an order valued at Rs 20.94 crore for ash transportation to construction site of road projects of NHAI and other Central or State Government Road construction department / Authority / PMGSY Road Project.

2 weeks agoCapital Market - Live
Spotlight
Spotlight
Refex Industries bags Rs 21-cr ash transportation order

The order involves the transportation of ash to construction sites of road projects undertaken by the National Highways Authority of India (NHAI) and other Central and State government road construction departments, authorities and Pradhan Mantri Gram Sadak Yojana (PMGSY) projects. The contract is to be executed over a period of 12 months. The company clarified that neither its promoter nor promoter group entities have any interest in the awarding entity, and the order does not constitute a related-party transaction. Chennai-based Refex Industries has built a portfolio spanning ash and coal handling, wind energy, and green mobility solutions. The company reported consolidated net profit surged 87.96% to Rs 90.82 crore on a 57.14% rise in revenue from operations to Rs 934.17 crore in Q4 FY26 over Q4 FY25. Shares of Refex Industries fell 1.12% to close at Rs 347.70 on the BSE.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Corporate
Refex Industries to convene AGM

Refex Industries announced that the 24th Annual General Meeting(AGM) of the company will be held on 31 July 2026.

3 weeks agoCapital Market - Live
Spotlight
Spotlight
Refex Industries rises after bagging Rs 21-cr ash transportation order

The contract involves the transportation of ash to construction sites of road projects undertaken by the National Highways Authority of India (NHAI), as well as other Central or State government road construction departments, authorities and PMGSY road projects. The order is scheduled to be executed over a period of 12 months. The company said the contract has been awarded by a domestic entity and does not involve any related-party transaction. Chennai-based Refex Industries has built a portfolio spanning ash and coal handling, wind energy, and green mobility solutions. The company reported consolidated net profit surged 87.96% to Rs 90.82 crore on a 57.14% rise in revenue from operations to Rs 934.17 crore in Q4 FY26 over Q4 FY25.Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Corporate
Corporate
Refex Industries schedules EGM

Refex Industries announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 5 August 2026.

1 month agoCapital Market - Live
Corporate
Corporate
Refex Industries procures order worth Rs 21.15 cr

Refex Industries has procured an order worth Rs 21.15 crore from a Maharatna Company for Transportation of ash to construction site of road projects of NHAI and other Central or State Government Road construction department / Authority / PMGSY Road Projects.

1 month agoCapital Market - Live
Spotlight
Spotlight
Refex Industries bags Rs 21-cr ash transportation order

The contract involves the transportation of ash to construction sites of road projects undertaken by the National Highways Authority of India (NHAI), as well as other Central or State government road construction departments, authorities and PMGSY road projects. The order is scheduled to be executed over a period of 12 months. The company said the contract has been awarded by a domestic entity and does not involve any related-party transaction. Chennai-based Refex Industries has built a portfolio spanning ash and coal handling, wind energy, and green mobility solutions. The company reported consolidated net profit surged 87.96% to Rs 90.82 crore on a 57.14% rise in revenue from operations to Rs 934.17 crore in Q4 FY26 over Q4 FY25. Shares of Aether Industries rose 3.03% to settle at Rs 348.10 on 25 June 2026. The Indian stock market is shut today, 26 June 2026 for Muharram.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Corporate
Refex Industries wins order of Rs 29.34 cr

Refex Industries has procured an order worth Rs 29.34 crore from a Maharatna Company for transportation of pond ash to NHAI road projects.

1 month agoCapital Market - Live
Corporate
Corporate
Refex Industries receives order of Rs 36.91 cr

Refex Industries has procured an order worth Rs 36.91 crore for excavation, loading and transportation of pond ash to Open Cast Mines/Stone Quarries/NHAI project sites.

1 month agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. What is the share price of Refex Industries Ltd (REFEX) today?

    The share price of REFEX as on 27th July 2026 is ₹331.55. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on Refex Industries Ltd (REFEX) share?

    The past returns of Refex Industries Ltd (REFEX) share are
    • Past 1 week: 8.70%
    • Past 1 month: -6.08%
    • Past 3 months: 29.35%
    • Past 6 months: 51.05%
    • Past 1 year: -17.83%
    • Past 3 years: 116.19%
    • Past 5 years: 1108.71%

  3. What are the peers or stocks similar to Refex Industries Ltd (REFEX)?
  4. What is the dividend yield % of Refex Industries Ltd (REFEX) share?

    The current dividend yield of Refex Industries Ltd (REFEX) is 0.30.

  5. What is the market cap of Refex Industries Ltd (REFEX) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Refex Industries Ltd (REFEX) is ₹4549.51 Cr as of 27th July 2026.

  6. What is the 52 week high and low of Refex Industries Ltd (REFEX) share?

    The 52-week high of Refex Industries Ltd (REFEX) is ₹454.40 and the 52-week low is ₹188.

  7. What is the PE and PB ratio of Refex Industries Ltd (REFEX) stock?

    The P/E (price-to-earnings) ratio of Refex Industries Ltd (REFEX) is 22.37. The P/B (price-to-book) ratio is 3.02.

  8. Which sector does Refex Industries Ltd (REFEX) belong to?

    Refex Industries Ltd (REFEX) belongs to the Materials sector & Commodity Chemicals sub-sector.

  9. How to buy Refex Industries Ltd (REFEX) shares?

    You can directly buy Refex Industries Ltd (REFEX) shares on Tickertape. Simply sign up, connect your demat account and place your order.