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Refex Industries Ltd

REFEX Share Price

443.552.17% (-9.85)
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With a market cap of ₹5,861 cr, stock is ranked 727

Stock is 4.08x as volatile as Nifty

REFEX Stock Scorecard

Performance

High

The creamy layer - amongst the top performing stocks

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

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹5,861 cr, stock is ranked 727

Stock is 4.08x as volatile as Nifty

REFEX Performance & Key Metrics

REFEX Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
36.854.84
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
27.953.471.60%

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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Apr 24, 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
118.99
118.99
1Y Return
28.65%
28.65%
Buy Reco %
80.00
80.00
LINDEINDIA
PE Ratio
126.95
126.95
1Y Return
22.00%
22.00%
Buy Reco %
50.00
50.00
PE Ratio
38.81
38.81
1Y Return
27.20%
27.20%
Buy Reco %
60.00
60.00
PE Ratio
53.31
53.31
1Y Return
8.57%
8.57%
Buy Reco %
100.00
100.00
PE Ratio
45.33
45.33
1Y Return
17.84%
17.84%
Buy Reco %
100.00
100.00
Compare with Peers

REFEX Sentiment Analysis

REFEX Sentiment Analysis

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Crisp summary & key insights to decode earnings calls instantly

REFEX Stock Summary · April 2025

Refex Industries is strategically positioning itself for growth by focusing on sustainability and digitalization, particularly in its expanding ash handling and electric vehicle sectors. Despite reporting strong year-on-year growth in income and net profit, the company faces challenges with negative cash flow and rising debtor days, primarily due to its government contracts. Management remains optimistic about improving operational efficiency and profitability, especially as it transitions from low-margin services to higher-margin opportunities. The proactive approach to equity infusion and strategic withdrawals from unprofitable segments reflects a commitment to enhancing shareholder value. Overall, investor sentiment remains positive, bolstered by the company's focus on compliance and innovative solutions in a competitive landscape.

REFEX Stock Growth Drivers
REFEX Stock Growth Drivers
6
  • Strong Financial Performance

    Refex Industries Limited reported impressive financial results for the quarter and year ended March 31,

  • Expansion of Operations and Market Presence

    The company has significantly expanded its operations, particularly in the ash and coal handling business,

REFEX Stock Challenges
REFEX Stock Challenges
5
  • Revenue Growth Shortfall

    The company experienced a shortfall in sequential revenue growth during Q4, which did not meet

  • Declining Operating Margins

    There is a notable decline in operating margins year-over-year and quarter-over-quarter, despite stable profit after

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 Revenue1,637.441,401.002,518.022,518.01
Raw Materialssubtract1,422.47975.201,688.372,257.86
Power & Fuel Costsubtract0.120.550.95
Employee Costsubtract13.2019.6538.12
Selling & Administrative Expensessubtract12.5221.4130.68
Operating & Other expensessubtract6.44219.95499.74
Depreciation/Amortizationsubtract6.8913.5432.5632.56
Interest & Other Itemssubtract19.4129.3627.7027.70
Taxes & Other Itemssubtract40.3327.4641.1440.84
EPS10.508.3012.9712.31
DPS0.400.500.000.00
Payout ratio0.040.060.000.00

REFEX Company Updates

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

Loading...

StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Refex Industries Ltd36.924.84
Solar Industries India Ltd118.9931.630.06%
Linde India Ltd126.9516.65
Deepak Nitrite Ltd38.815.610.38%

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

Decreased 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 decreased by 3.75%

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

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 Holding53.37%0.11%0.00%2.00%44.51%

Sep 2024

Nov 2024

Dec 2024

Mar 2025

REFEX Shareholding History

REFEX Shareholding History

JunJulSepNovDec '24Mar0.20%0.29%1.53%1.48%1.76%2.00%

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)
0.1296%0.30%0.01%136/255 (+11)
0.0200%0.31%0.31%102/110 (-13)
0.0006%0.01%0.00%666/754 (+7)

Compare 3-month MF holding change on Screener

REFEX Insider Trades & Bulk Stock Deals

REFEX Insider Trades & Bulk Stock Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

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 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 Inds bags order worth Rs 250-cr from GENCO

The scope of order includes O&M of the existing ash handling system & spares management, and the daily utilization/lifting of fly ash, pond ash, and hydrobin ash. The contract is valid for a period of three years, up to 31st March 2028. Refex Industries, headquartered in Chennai, is a pioneer in sustainability driven solutions in India. With over 22 years of expertise, the company has built a diverse portfolio encompassing ash & coal handling, eco-friendly refrigerant gases, green mobility initiatives, and wind energy solutions. The company reported 39.8% surge in consolidated net profit to Rs 47.92 crore in Q4 FY25 compared with Rs 34.27 crore in Q4 FY24. Revenue from operations soared 83.4% YoY to Rs 627.76 crore in the quarter ended 31 March 2025. The counter advanced 1.06% to end at Rs 444.15 on the BSE.Powered by Capital Market - Live

3 days agoCapital Market - Live
Corporate
Refex Industries to convene AGM

Refex Industries announced that the 23th Annual General Meeting(AGM) of the company will be held on 18 July 2025.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Refex Industries allots 98,334 equity shares under ESOP

Refex Industries has allotted 98,334 equity shares under ESOP on 05 June 2025. Consequent to the aforesaid allotment, issued, subscribed and paid-up equity share capital of the Company stands increased from Rs 25,83,64,546/- (divided into 12,91,82,273 equity shares of face value of Rs 2/- each) to Rs 25,85,61,214/- (divided into 12,92,80,607 equity shares of face value of Rs 2/- each). Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Refex Inds Q4 PAT climbs 41% YoY to Rs 48 cr

Revenue from operations soared 83.36% YoY to Rs 627.76 crore in the quarter ended 31 March 2025. Profit before tax stood at Rs 59.52 crore in Q4 FY25, up 62.71% as against Rs 36.58 crore recorded in Q4 FY24. On the segmental front, revenue from the ash & coal handling business stood at Rs 591.69 crore, marking a 94.52% YoY increase. Revenue from refrigerant gas manufacturing (refilling) and sales was Rs 16.60 crore, down 30.89% YoY. Revenue from electric vehicles stood at Rs 15.45 crore, reflecting a 210.86% YoY increase during the period under review. Additionally, revenue from power trading dropped 41.23% YoY to Rs 1.24 crore, while revenue from solar power generation and related activities increased 14.40% YoY to Rs 2.78 crore during the quarter. On a full-year basis, the company's consolidated net profit soared 69.14% to Rs 158.78 crore on a 78.44% surge in revenue to Rs 2,467.66 crore in FY25 over FY24. Anil Jain, chairman & managing director of Refex Industries said, 'FY25 marks another defining chapter in our journey as we continue to steer Refex towards sustainable, future-focused growth. Our performance reflects the strength of our diversified business model and the strategic realignments we've made across key verticals. During the year, we made decisive moves to strengthen and expand our green mobility vertical'a segment we are actively investing in for long-term growth. The recent realignment of our Bengaluru operations w.r.t. the phase out of our airport taxi operations reflects our sharpened focus on B2B and B2B2C opportunities that will be anchored in long-term partnerships and stable demand. In the renewable energy space, we advanced our clean energy strategy with the formation of Venwind Refex Power Limited that will focus on manufacturing, supply, and commissioning of wind turbines. Another step-down subsidiary, Venwind Refex Power Services, was incorporated, which will undertake O&M services for wind. As we scale sustainably across sectors, Refex remains steadfast in its purpose to enable India's green transition while creating enduring value for all.' Refex Industries, headquartered in Chennai, is a pioneer in sustainability-driven solutions in India. With over 22 years of expertise, it has built a diverse portfolio encompassing ash and coal handling, eco-friendly refrigerant gases, power trading, and green mobility initiatives. Furthering its commitment to sustainability, it has forayed into electric mobility through its subsidiary, Refex Green Mobility. This division offers electric vehicle (EV) services for passenger mobility, addressing corporate transportation needs and B2B2C use cases with four-wheeler EVs. The counter slipped 3.32% to Rs 470 on the BSE. Powered by Capital Market - Live

2 months agoCapital Market - Live
Earnings
Refex Industries consolidated net profit rises 39.83% in the March 2025 quarter

Net profit of Refex Industries rose 39.83% to Rs 47.92 crore in the quarter ended March 2025 as against Rs 34.27 crore during the previous quarter ended March 2024. Sales rose 83.37% to Rs 627.76 crore in the quarter ended March 2025 as against Rs 342.35 crore during the previous quarter ended March 2024. For the full year,net profit rose 68.72% to Rs 158.38 crore in the year ended March 2025 as against Rs 93.87 crore during the previous year ended March 2024. Sales rose 78.44% to Rs 2467.66 crore in the year ended March 2025 as against Rs 1382.87 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales627.76342.35 83 2467.661382.87 78 OPM %10.1712.05 -8.5010.56 - PBDT71.1440.72 75 232.48134.87 72 PBT59.5236.56 63 199.91121.33 65 NP47.9234.27 40 158.3893.87 69 Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Refex Industries announces board meeting date

Refex Industries will hold a meeting of the Board of Directors of the Company on 23 April 2025.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Refex defers proposed acquisition of 2,997 EVs from Gensol Engineering

Refex Green Mobility (RGML), subsidiary of Refex Industries, has updated the recent development regarding the proposed asset takeover of 2,997 electric vehicle ('EV') from Gensol Engineering (Gensol). RGML after constructive discussions and due consideration, has mutually decided with Gensol Engineering not to proceed with the proposed transaction for the takeover of vehicles from Gensol Engineering. This decision has been arrived at due to the evolving commitments at both ends, which would make it challenging to conclude the transaction within the originally envisaged timeline. The parties have therefore agreed to not move forward with the transaction at this stage. Powered by Capital Market - Live

3 months agoCapital Market - Live
Spotlight
Refex Industries hits the roof after plans to expan EV fleet by 1,000 cars

In a regulatory filing made during market hours today, the company informed that Refex Green Mobility (Refex eVeelz), a wholly owned subsidiary of Refex Industries, has entered into an agreement with one of India's largest ride-hailing platforms to induct and operate 1,000 electric four-wheelers (e4Ws) across Chennai, Hyderabad, Bengaluru, and Mumbai in FY26. The ride-hailing platform will continue to cater to demand and build new mobility categories, while Refex eVeelz will focus on seamless service delivery, ensuring reliable and sustainable transportation solutions. Refex eVeelz currently operates a fleet of nearly 1,300 electric vehicles at present, across multiple cities such as Chennai, Bengaluru, Hyderabad, Mumbai, and Pune. The addition of 1,000 new e4Ws, combined with the organic growth of its fleet size in the employee transportation segment, will further solidify its role in driving the mainstream adoption of electric mobility solutions across India. Anil Jain, managing director of Refex Industries, said: At Refex eVeelz, we are committed to playing a leading role in shaping the future of sustainable mobility in India. This strategic expansion not only strengthens our presence across key metropolitan cities but also aligns with our long-term vision of enabling a cleaner, smarter, and more efficient transportation ecosystem. Refex Industries (RIL) is primarily into coal trading to power plants, coal handling services, and refillery of refrigerant gases in India. RIL has also forayed into the logistic services to power plants, such as handling and disposal of fly ash and crushing of uncrushed coal. The company also operates a solar power plant at Vituza village, Barmer, Rajasthan. The company's consolidated net profit surged to Rs 50.05 crore in the quarter ended December 2024 as against Rs 16.89 crore during the previous quarter ended December 2023. Sales rose 134.36% to Rs 717.13 crore in Q3 FY25 as compared with Q3 FY24. Powered by Capital Market - Live

4 months agoCapital Market - Live
Earnings
Refex Industries consolidated net profit rises 196.33% in the December 2024 quarter

Net profit of Refex Industries rose 196.33% to Rs 50.05 crore in the quarter ended December 2024 as against Rs 16.89 crore during the previous quarter ended December 2023. Sales rose 134.36% to Rs 717.13 crore in the quarter ended December 2024 as against Rs 305.99 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales717.13305.99 134 OPM %7.1311.20 - PBDT68.2229.17 134 PBT59.3125.19 135 NP50.0516.89 196 Powered by Capital Market - Live

5 months agoCapital Market - Live
Spotlight
Refex Inds hits the roof after Q3 PAT soars to Rs 50 cr

Revenue from operations stood at Rs 717.12 crore in Q3 FY25, steeply higher than Rs 305.98 crore posted in Q3 FY24. Profit before tax (PBT) soared 135.45% to Rs 59.31 crore during the quarter as against Rs 25.19 crore posted in corresponding quarter last year. On the segmental front, revenue from the Ash & Coal handling business stood at Rs 683.46 crore, marking a 158.71% YoY increase. Revenue from refrigerant gas manufacturing (refiling) and sales was Rs 10.44 crore, up 17.27% YoY. Revenue from electric vehicles stood at Rs 8.87 crore, reflecting a 97.99% YoY increase during the period under review. Additionally, revenue from power trading jumped 73.96% YoY to Rs 11.76 crore, while revenue from solar power generation and related activities increased 10.73% YoY to Rs 2.58 crore during the quarter. Refex Industries, headquartered in Chennai, is a pioneer in sustainability-driven solutions in India. With over 22 years of expertise, it has built a diverse portfolio encompassing Ash & Coal Handling, eco-friendly Refrigerant Gases, Power Trading, and Green Mobility initiatives. Furthering its commitment to sustainability, it has forayed into electric mobility through its subsidiary, Refex Green Mobility. This division offers electric vehicle (EV) services for passenger mobility, addressing corporate transportation needs and B2B2C use cases with four-wheeler EVs.Powered by Capital Market - Live

5 months 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 11th July 2025 is ₹443.55. 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: 0.80%
    • Past 1 month: -14.08%
    • Past 3 months: 17.29%
    • Past 6 months: -6.12%
    • Past 1 year: 111.42%
    • Past 3 years: 1891.22%
    • Past 5 years: 4475.18%

  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 ₹5861.58 Cr as of 11th July 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 ₹600 and the 52-week low is ₹204.12.

  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 36.92. The P/B (price-to-book) ratio is 4.84.

  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.