Refex Industries Ltd (REFEX)
₹212.05
Mkt cap
₹2,910 Cr
P/E ratio
9.80
P/B
1.81
Div yield
0.71%
ROE
17.80%
ROCE
22.70%
EPS (TTM)
₹21.64
Book value
₹117
52W range
188–382
Sector
Utilities
Price history
Previous close
Refex Industries Limited specializes in trading eco-friendly refrigerant gases and providing comprehensive solutions for responsible coal procurement and ash disposal. [1]
NSE REFEXBSE 532884
Health check
Constructive
ValuationCheap
ProfitabilityStrong
GrowthHigh
TechnicalsBearish
52-week range
−44.49% from high₹212
₹188+12.79% from low₹382
Current
₹212.05
Prev close
₹222.30
Day
−4.61%
Price performance
1D
−4.75%
1W
−6.53%
1M
−22.17%
3M
−29.10%
6M
−20.60%
1Y
−39.53%
YTD
−19.16%
Financials
Revenue, profit & margin
P/E ratio
9.8×
REFEX is 49% below the sector median of 19.2×
REFEX9.8×
Sector median19.2×
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 352 | 306 | 342 | 591 | 428 | 686 | 594 | 352 | 415 | 576 | 934 | 916 | 761 | |
| Expenses | 318 | 272 | 301 | 543 | 385 | 633 | 534 | 315 | 344 | 486 | 775 | 809 | 659 | |
| Operating Profit | 34 | 34 | 41 | 48 | 43 | 53 | 60 | 37 | 71 | 90 | 160 | 107 | 102 | |
| OPM % | 10% | 11% | 12% | 8% | 10% | 8% | 10% | 10% | 17% | 16% | 17% | 12% | 13% | |
| Other Income | 5 | 3 | 8 | 2 | 5 | 16 | 3 | 2 | -4 | -3 | -8 | 2 | -7 | |
| Interest | 6 | 8 | 8 | 6 | 4 | 5 | 5 | 6 | 7 | 9 | 10 | 13 | 17 | |
| Depreciation | 3 | 4 | 4 | 6 | 2 | 3 | 3 | 5 | 5 | 5 | 5 | 6 | 6 | |
| Profit before tax | 30 | 25 | 37 | 39 | 42 | 62 | 55 | 28 | 55 | 73 | 136 | 91 | 72 | |
| Tax % | 29% | 33% | 9% | 25% | 27% | 19% | 13% | 26% | 34% | 28% | 31% | 29% | 29% | |
| Net Profit | 21 | 17 | 33 | 29 | 31 | 50 | 48 | 20 | 36 | 53 | 94 | 65 | 51 | |
| EPS in Rs | 1.94 | 1.53 | 2.96 | 2.60 | 2.57 | 3.88 | 3.74 | 1.64 | 2.90 | 3.93 | 6.62 | 4.65 | 3.65 | |
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Corporate actions
Last 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Shareholding
as of Sep 202656.56%Promoter
Promoters56.56%
FIIs0.55%0.38
DIIs0.65%0.27
Public42.24%0.11
Ownership trend
Peers
7 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| Refex Industries | ₹212.05 | 9.80 | 2,910 | 0.71% | 51 | +24.96% | 761 | +83.59% | 22.71% |
| EMS | ₹280.85 | 22.89 | 1,560 | 0.53% | 15 | −59.13% | 157 | −34.18% | 12.77% |
| Eco Recyc. | ₹408.90 | 32.85 | 789 | 0.24% | 9 | +11.15% | 16 | +75.22% | 30.75% |
| Antony Waste han | ₹276.60 | 13.44 | 785 | 0.18% | 1 | −95.73% | 261 | +5.52% | 11.22% |
| Effwa Infra | ₹338.50 | 27.38 | 784 | 0.30% | 18 | +20.33% | 163 | +31.25% | 29.26% |
| Namo eWaste | ₹340.05 | 54.23 | 778 | 0.00% | 7 | +135.90% | 107 | +29.25% | 21.33% |
| Z-Tech (India) | ₹382.95 | 15.45 | 570 | 0.00% | 4 | +33.22% | 29 | +42.29% | 20.01% |
| Median: 13 Co. | ₹224.65 | 19.17 | 570 | 0.00% | 8 | +20.33% | 107 | +29.25% | 18.81% |
Filings
Annual reports15
Concall transcripts30
PPTOct 2026RECOct 2026TranscriptAug 2026PPTAug 2026RECAug 2026PPTJul 2026TranscriptJun 2026PPTJun 2026TranscriptJan 2026PPTJan 2026TranscriptNov 2025PPTNov 2025RECNov 2025TranscriptAug 2025PPTAug 2025TranscriptApr 2025PPTApr 2025RECApr 2025TranscriptFeb 2025PPTFeb 2025PPTJan 2025RECJan 2025TranscriptNov 2024PPTNov 2024
Credit ratings6
Announcements5
Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011. 30 OctDisclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 30 Oct - Refex promoter RHPL created pledges on shares on 26 Oct 2026; encumbered holding rose to 29.06%.Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 29 Oct - Audio recording of Q2 and H1 FY27 earnings call made available on website.Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Oct - Publication of extracts of the unaudited Financial results both standalone & consolidated basis for the 2nd quarter and half year ended September 30,2026 in newspapersAnnouncement under Regulation 30 (LODR)-Investor Presentation 28 Oct - Investor presentation on unaudited financial results for the 2nd quarter and half year ended September 30,2026 for FY 2026-27