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Refex Industries Ltd

Refex Industries Ltd

REFEX Share Price

NSE
328.300.14% (-0.45)
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Returns
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With a market cap of ₹4,504 cr, stock is ranked 842

Stock is 4.19x 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

Bad

The stock is overpriced and 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 ₹4,504 cr, stock is ranked 842

Stock is 4.19x as volatile as Nifty

REFEX Performance & Key Metrics

REFEX Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
22.153.72
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
24.393.452.12%

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 

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
98.43
98.43
1Y Return
12.30%
12.30%
Buy Reco %
91.67
91.67
LINDEINDIA
PE Ratio
135.08
135.08
1Y Return
4.51%
4.51%
Buy Reco %
33.33
33.33
PE Ratio
40.72
40.72
1Y Return
27.38%
27.38%
Buy Reco %
0.00
0.00
PE Ratio
46.11
46.11
1Y Return
0.26%
0.26%
Buy Reco %
85.71
85.71
PE Ratio
41.67
41.67
1Y Return
19.92%
19.92%
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 · January 2026

The company is witnessing a robust recovery in its ash and coal handling business, marked by a 38% revenue increase quarter-on-quarter, while strategically exiting low-margin operations to enhance profitability. Despite challenges from extended monsoon delays and a cautious revenue outlook, management remains optimistic about future performance, particularly in the wind energy sector, where a strong order book and innovative turbine development position it favorably. The ongoing demerger aims to streamline operations and focus on core areas, with a projected 95% of future revenue stemming from ash and coal handling. Financially, the company is managing its consolidated debt effectively, emphasizing operational efficiency and margin improvement, even as it navigates market volatility and investor concerns regarding stock performance.

REFEX Stock Growth Drivers
REFEX Stock Growth Drivers
6
  • Strong Financial Performance in Q3 FY2026

    Refex Industries Limited reported significant financial growth in Q3 FY2026, with revenue increasing by 38%

  • Strategic Business Focus and Operational Improvements

    The company has made strategic decisions to exit low-margin businesses, such as power trading and

REFEX Stock Challenges
REFEX Stock Challenges
6
  • Income Tax Investigation

    The company is currently undergoing an income tax investigation following a raid that involved searches

  • Decline in Financial Performance

    The company has reported a significant decline in financial performance compared to the same quarter

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 Pending

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
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 Ltd22.153.72
Solar Industries India Ltd98.4336.290.06%
Linde India Ltd135.0816.080.17%
Himadri Speciality Chemical Ltd40.726.430.13%

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

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 Holding55.85%0.13%0.01%1.65%42.36%

Oct 2025

Dec 2025

Mar 2026

May 2026

REFEX Shareholding History

REFEX Shareholding History

JunSepOctDec '25MarMay1.86%1.71%1.60%2.03%1.37%1.65%

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)
0.0863%0.20%0.01%231/316 (+1)
0.0006%0.01%0.00%740/816 (0)
0.0001%0.01%0.00%705/1008 (-29)

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

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 day agoCapital Market - Live
Corporate
Corporate
Board of Refex Industries recommends final dividend

Refex Industries announced that the Board of Directors of the Company at its meeting held on 26 May 2026, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

4 days agoCapital Market - Live
Earnings
Earnings
Refex Industries consolidated net profit rises 87.96% in the March 2026 quarter

Net profit of Refex Industries rose 87.96% to Rs 90.82 crore in the quarter ended March 2026 as against Rs 48.32 crore during the previous quarter ended March 2025. Sales rose 57.14% to Rs 934.17 crore in the quarter ended March 2026 as against Rs 594.47 crore during the previous quarter ended March 2025. For the full year,net profit rose 28.07% to Rs 203.35 crore in the year ended March 2026 as against Rs 158.78 crore during the previous year ended March 2025. Sales rose 0.77% to Rs 2276.74 crore in the year ended March 2026 as against Rs 2259.43 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales934.17594.47 57 2276.742259.43 1 OPM %17.0810.11 -15.699.12 - PBDT153.3070.98 116 350.43238.33 47 PBT147.9867.96 118 330.43228.43 45 NP90.8248.32 88 203.35158.78 28 Powered by Capital Market - Live

4 days agoCapital Market - Live
Corporate
Corporate
Refex Industries to discuss results

Refex Industries will hold a meeting of the Board of Directors of the Company on 26 May 2026.

1 week agoCapital Market - Live
Corporate
Corporate
Refex Industries secures an order worth Rs 20.27 cr

Refex Industries has procured an order worth Rs 20.27 crore from a leading Miniratna Company for logistics and material handling services in the infrastructure and mining sector.

1 week agoCapital Market - Live
Corporate
Corporate
Refex Industries wins order of Rs 36.50 cr

Refex Industries has procured a domestic order worth Rs 36.50 crore for supply of Bulk Industrial Commodity.

2 weeks agoCapital Market - Live
Corporate
Corporate
Refex Industries allots 20,057 equity shares under ESOP

Refex Industries has allotted 20,057 equity shares under ESOP on 01 May 2026. Consequent to the aforesaid allotment, the issued, subscribed, and paid-up equity share capital of the Company has increased from Rs 27,43,98,782/- (divided into 13,71,99,391 equity shares of Rs 2/- each) to Rs 27,44,38,896/- (divided into 13,72,19,448 equity shares of Rs 2/- each).

4 weeks agoCapital Market - Live
Corporate
Corporate
Refex Industries secures order of Rs 32.12 cr

Refex Industries has procured an order worth Rs 32.12 crore for transportation of pond ash to NHAI PWD road construction sites.

1 month agoCapital Market - Live
Spotlight
Spotlight
Refex Industries rallies after bagging Rs 32 crore pond ash order

The order is for the transportation of pond ash to NHAI and PWD road construction sites. The contract is scheduled to be executed over one year, with a provision for extension of up to six months. The company clarified that neither its promoters nor promoter group entities have any interest in the awarding entity, and the transaction does not qualify as 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 rose 5.03% to Rs 61.34 crore despite a 16.04% drop in revenue from operations to Rs 576.01 crore in Q3 FY26 over Q3 FY25.

1 month agoCapital Market - Live
Corporate
Corporate
Refex Industries wins order of Rs 32.45 cr

Refex Industries has procured an order worth Rs 32.45 crore for transportation of pond ash to NHAI PWD road construction 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 29th May 2026 is ₹328.30. 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: 18.28%
    • Past 1 month: 21.22%
    • Past 3 months: 48.76%
    • Past 6 months: -2.57%
    • Past 1 year: -25.67%
    • Past 3 years: 200.81%
    • Past 5 years: 1026.24%

  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 ₹4504.91 Cr as of 29th May 2026.

  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 ₹534 and the 52-week low is ₹188.

  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 22.15. The P/B (price-to-book) ratio is 3.72.

  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.