Valuation: Refex Industries Limited

Market Cap 2.91TCr 31Cr 27Cr 25Cr 23Cr 43Cr 44Cr 301.36Cr 120.98Cr 1.53TCr 115.12Cr 112.67Cr 4.83TCr P/E 2025
30.5x
P/E 2026 12.5x
Enterprise Value 2.74TCr 29Cr 26Cr 24Cr 22Cr 40Cr 41Cr 283.43Cr 113.78Cr 1.44TCr 108.27Cr 105.97Cr 4.54TCr EV / Sales 2025
1.94x
EV / Sales 2026 1.07x
Free-Float
72.19%
Yield 2025 *
-
Yield 2026 0.79%
29/10 Refex Industries Limited, Q2 2027 Earnings Call, Oct 29, 2026
29/10 Refex Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2026 CI
21/10 Refex Industries Limited Receives Slab-Wise Rate Contract For Ash Transportation From A Maharatna Public Sector Undertaking Under The Ministry Of Power For INR 314.45 Million CI
21/09 Indian shares advance on bargain buying after recent slide RE
19/09 Refex Industries Limited Receives Contract for Lifting of 10 Lakh Metric Tons of Pond Ash and Fly Ash from A Public Sector Undertaking in Madhya Pradesh CI
19/09 Refex Industries Limited Bags Contract for Lifting of 10 Mt of Pond Ash and Fly Ash Valued At INR 1,600 Million CI
24/08 Refex Industries Limited Bags Contracts For Loading, Transportation And Excavation Of Fly Ash Worth INR 337 Million CI
22/08 Refex Industries Limited Announces Management Changes, Effective August 22, 2026 CI
18/08 Refex Industries Limited Bags Slab-Wise Rate Contract for Transportation of Ash CI
18/08 Refex Industries Limited Bags Rate Contract For Ash Transportation To Construction Site Of Road Projects Of NHAI And Other Central Or State Government Road Construction Department / Authority / PMGSY Road Project CI
14/08 Refex Industries Limited Bags Rate Contract for Ash Transportation to Construction Site of Road Projects of Nhai and Other Central or State Government Road Construction Department Authority Pmgsy Road Project CI
31/07 Refex Industries Limited, Q1 2027 Earnings Call, Jul 30, 2026
30/07 Refex Industries Limited Bags Order for Rate Contract for Ash Transportation to Road Construction Sites CI
1 day-4.46%
1 week-6.48%
Current month-20.21%
1 month-20.21%
3 months-29.03%
6 months-19.56%
Current year-18.38%
1 week 208.9
Extreme 208.9
241
1 month 208.9
Extreme 208.9
275.65
Current year 188
Extreme 188
371.15
1 year 188
Extreme 188
382.05
3 years 103.36
Extreme 103.36
600
5 years 19.3
Extreme 19.3
600
10 years 2.1
Extreme 2.104
600
Manager TitleAgeSince
Chief Executive Officer 50 21/06/2006
Director of Finance/CFO 46 01/06/2024
Chief Tech/Sci/R&D Officer - 12/08/2025
Director TitleAgeSince
Chairman 50 21/06/2006
Director/Board Member 46 27/07/2016
Director/Board Member 53 29/12/2020
Change 5-day change 1-year change 3-year change Capi.($)
-4.46%-6.48%-41.88%+89.34% 31Cr
+1.87%+7.42%+1.96%+76.96% 16TCr
+2.11%+6.81%+22.57%+59.45% 4.09TCr
-1.04%-2.13%+0.34%+23.67% 2.52TCr
+0.62%+3.07%-13.22%+61.07% 2.43TCr
+2.16%+5.53%+1.68%+2.20% 2.3TCr
-4.19%-14.88%-49.17%-50.14% 1.68TCr
+2.54%-12.93%+47.04%+113.97% 852.05Cr
+0.07%+2.17%-2.54%-21.83% 654.84Cr
-0.53%+3.96%+10.41%+4.32% 605.35Cr
Average -0.09%-0.32%-2.28%+35.90% 3.13TCr
Weighted average by Cap. +1.19%+4.23%+1.83%+54.38%

Financials

2025 2026
Net sales 2.47TCr 26Cr 23Cr 21Cr 19Cr 36Cr 37Cr 255.32Cr 102.49Cr 1.3TCr 98Cr 95Cr 4.09TCr 2.28TCr 24Cr 21Cr 20Cr 18Cr 33Cr 34Cr 235.56Cr 95Cr 1.2TCr 90Cr 88Cr 3.78TCr
Net income 158.78Cr 1.67Cr 1.5Cr 1.38Cr 1.25Cr 2.33Cr 2.38Cr 16Cr 6.59Cr 84Cr 6.28Cr 6.14Cr 263.4Cr 203.35Cr 2.14Cr 1.92Cr 1.76Cr 1.6Cr 2.99Cr 3.04Cr 21Cr 8.45Cr 106.97Cr 8.04Cr 7.87Cr 337.34Cr
Net Debt -95Cr -1Cr -89.78L -82.58L -74.82L -1.4Cr -1.42Cr -9.85Cr -3.95Cr -50Cr -3.76Cr -3.68Cr -157.89Cr -173.32Cr -1.83Cr -1.63Cr -1.5Cr -1.36Cr -2.55Cr -2.59Cr -18Cr -7.2Cr -91Cr -6.85Cr -6.7Cr -287.52Cr
Projected Income Statement - Annual - Refex Industries Limited
Logo Refex Industries Limited
Refex Industries Limited is an India-based specialist manufacturer and re-filler of refrigerant gases. The Company offers a range of non-ozone depleting refrigerant gases known as Hydrofluorocarbons (HFC), which are used in air conditioners, refrigerators and refrigerating equipment. It is engaged in supplying automotive air conditioning gases in disposable cans. Its segments include Ash and Coal Handling businesses; Solar Power businesses that include generation and related activities; Refrigerant gas manufacturing; sale of services; Power trading, Green Mobility and other segments. Its refrigerant gases are primarily used as refrigerants, blowing agents and aerosol propellants. It offers a full range of HFC products, which include R134a, R404a, R407c, R410a, R141b, R22, and R32. It handles and disposes fly ash and provides round the clock services for coal yard management, shifting of uncrushed coal, and housekeeping works.
Employees
522
Sector
Coal
Date Price Change Volume
30/26/30 ₹212.25 -4.46% 23,397
29/26/29 ₹222.15 -0.34% 17,501
28/26/28 ₹222.90 -4.01% 52,806
27/26/27 ₹232.20 +3.15% 11,080
26/26/26 ₹225.10 -0.82% 17,241
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