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Refex Industries Ltd

REFEX Share Price

336.100.00% (+0.00)
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With a market cap of ₹4,608 cr, stock is ranked 820

Stock is 3.80x 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

Avg

Average profitability - not good, not bad

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 ₹4,608 cr, stock is ranked 820

Stock is 3.80x as volatile as Nifty

REFEX Performance & Key Metrics

REFEX Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
29.363.80
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
27.823.181.63%

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

View older View older 

Nov 5, 2025

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
96.82
96.82
1Y Return
21.25%
21.25%
Buy Reco %
85.71
85.71
LINDEINDIA
PE Ratio
108.75
108.75
1Y Return
15.86%
15.86%
Buy Reco %
50.00
50.00
PE Ratio
41.98
41.98
1Y Return
16.51%
16.51%
Buy Reco %
0.00
0.00
PE Ratio
45.95
45.95
1Y Return
14.47%
14.47%
Buy Reco %
80.00
80.00
PE Ratio
30.00
30.00
1Y Return
43.07%
43.07%
Buy Reco %
50.00
50.00
Compare with Peers

REFEX Sentiment Analysis

REFEX Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

REFEX Stock Summary · November 2025

In the recent earnings call, the company showcased robust operational resilience, reporting a 15% increase in total income and nearly doubling EBITDA, despite early monsoon disruptions. A strategic exit from the low-margin power trading business allows a sharper focus on its core ash and coal handling operations, which now account for over 96% of revenue. With a strong order book of approximately INR 1200 Crores and plans to ramp up coal ash handling capacity, future growth prospects appear promising. However, challenges remain, particularly with revenue recognition and the impact of the mobility vertical's financial losses during the ongoing demerger process. Management remains committed to enhancing operational efficiency and maintaining compliance with environmental regulations, ensuring sustainable growth in a competitive landscape.

REFEX Stock Growth Drivers
REFEX Stock Growth Drivers
7
  • Strong Financial Performance

    Refex Industries Limited reported a significant increase in total income from continuing operations, which rose

  • Operational Resilience and Recovery

    The company experienced a steady recovery in site activity and volumes within its core ash

REFEX Stock Challenges
REFEX Stock Challenges
5
  • Exit from Power Trading Business

    The company has decided to completely exit the power trading business due to extremely low

  • Slow Expansion and Delayed Progress

    The company's expansion plans in the northeastern region have faced significant delays due to postponed

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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Financial YearFY 2023FY 2024FY 2025TTM
Total Revenue1,637.441,401.002,518.022,193.01
Raw Materialssubtract1,422.47975.201,688.371,931.84
Power & Fuel Costsubtract0.120.550.95
Employee Costsubtract13.2019.6538.12
Selling & Administrative Expensessubtract12.5221.4130.68
Operating & Other expensessubtract6.44219.95499.74
Depreciation/Amortizationsubtract6.8913.5432.5630.55
Interest & Other Itemssubtract19.4129.3627.7029.29
Taxes & Other Itemssubtract40.3327.4641.1444.35
EPS10.508.3012.9712.15
DPS0.400.500.000.50
Payout ratio0.040.060.000.04

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 Pending

Investor Presentation

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
FY 2016FY 2016

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 Ltd29.033.80
Solar Industries India Ltd96.8225.740.08%
Linde India Ltd108.7512.950.21%
Himadri Speciality Chemical Ltd41.986.190.13%

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

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

No institutional holdings trend are available

Tickertape Separator

REFEX Shareholding Pattern

REFEX Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding55.92%0.13%0.01%1.60%42.35%

Mar 2025

Jun 2025

Sep 2025

Oct 2025

REFEX Shareholding History

REFEX Shareholding History

NovDec '24MarJunSepOct1.48%1.76%2.00%1.86%1.71%1.60%

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)
0.1438%0.24%-0.05%248/295 (-2)
0.0007%0.01%-0.00%777/795 (-20)
0.0001%0.01%-0.00%688/1023 (-36)

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 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

Cash Dividend

Ex DateEx DateJan 11, 2021

Interim
Interim | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Jan 11, 2021

REFEX Stock News & Opinions

REFEX Stock News & Opinions

Spotlight
Refex Industries bags contract for transporting pond ash worth Rs 32.89 crore

This domestic contract has to be executed within a period of 5 months. The total value of this contract is Rs 32.89 crore. Chennai-based Refex Industries has built a portfolio spanning ash and coal handling, wind energy, and green mobility solutions. The company's consolidated net profit jumped 20.5% to Rs 37.44 crore despite 0.3% decline in revenue from operations to Rs 426.85 crore in Q2 Sept 2025 over Q2 Sept 2024. The scrip had surged 8.23% to end at Rs 346.70 on the BSE on Friday. Powered by Capital Market - Live

5 days agoCapital Market - Live
Corporate
Refex Industries wins order of Rs 32.89 cr

Refex Industries has procured an order worth Rs 32.89 crore for transportation of pond ash to NHAI road projects. Powered by Capital Market - Live

5 days agoCapital Market - Live
Spotlight
Refex Inds spurts after bagging ash handling order worth Rs 100 cr

The said order is valued at Rs 100 crore and is expected to be completed within 4 months. Chennai-based Refex Industries has built a portfolio spanning ash and coal handling, wind energy, and green mobility solutions. The company's consolidated net profit jumped 20.5% to Rs 37.44 crore despite 0.3% decline in revenue from operations to Rs 426.85 crore in Q2 Sept 2025 over Q2 Sept 2024. Powered by Capital Market - Live

6 days agoCapital Market - Live
Corporate
Refex Industries receives order worth Rs 100 cr

Refex Industries has procured an order worth Rs 100 crore from a large business conglomerate for excavation, loading and transportation of pond ash/bottom ash. Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Venwind Refex Power to acquire Refex Engineering Products

Venwind Refex Power (VRPL), a subsidiary of Refex Industries, is in the process to acquire 100% equity shareholding comprising 10,000 equity shares at a face value Rs 10 each in Refex Engineering Products (REPPL), a wholly owned subsidiary of Refex Holding i.e. promoter of the company. As a result of this acquisition, REPPL will become a step-down subsidiary of the company. The transaction will be done in compliance with applicable laws, rules, and regulations. Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Refex Industries secures order worth Rs 16.56 cr

Refex Industries has procured an order worth Rs 16.56 crore for transportation of pond/fly ash to NHAI Road Project from a prominent State GENCO. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Refex Industries wins order of Rs 29.82 cr

Refex Industries has procured an order worth Rs 29.82 crore for transportation of ash for NHAI Road Project from an entity based in Maharashtra.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Refex Industries secures order worth Rs 30.12 cr

Refex Industries has procured an order worth Rs 30.12 crore for transportation of ash from a major power producer (Public Sector Undertaking) to NHAI road projects.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Earnings
Refex Industries consolidated net profit rises 20.54% in the September 2025 quarter

Net profit of Refex Industries rose 20.54% to Rs 37.44 crore in the quarter ended September 2025 as against Rs 31.06 crore during the previous quarter ended September 2024. Sales declined 0.27% to Rs 426.85 crore in the quarter ended September 2025 as against Rs 427.99 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales426.85427.99 0 OPM %16.5110.02 - PBDT69.0746.73 48 PBT63.9144.38 44 NP37.4431.06 21 Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Corporate
Refex Industries to table results

Refex Industries will hold a meeting of the Board of Directors of the Company on 4 November 2025.Powered by Capital Market - Live

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 4th December 2025 is ₹336.10. 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: 2.63%
    • Past 1 month: -11.09%
    • Past 3 months: -8.14%
    • Past 6 months: -32.81%
    • Past 1 year: -38.60%
    • Past 3 years: 450.80%
    • Past 5 years: 1338.17%

  3. What are the peers or stocks similar to Refex Industries Ltd (REFEX)?
  4. 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 ₹4608.92 Cr as of 4th December 2025.

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

    The 52-week high of Refex Industries Ltd (REFEX) is ₹563 and the 52-week low is ₹312.30.

  6. 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 29.03. The P/B (price-to-book) ratio is 3.80.

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

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

  8. 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.