Refex Industries Ltd (REFEX)
₹277.15
Mkt cap
₹3,877 Cr
P/E ratio
13.60
P/B
2.52
Div yield
0.53%
ROE
17.80%
ROCE
22.70%
EPS (TTM)
₹20.38
Book value
₹110
52W range
189–400
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
TechnicalsNeutral
52-week range
−30.79% from high₹277
₹189+46.55% from low₹400
Current
₹277.15
Prev close
₹282.55
Day
−1.91%
Price performance
1D
−1.79%
1W
−1.77%
1M
−5.26%
3M
−10.27%
6M
+37.08%
1Y
−23.81%
YTD
+5.66%
Financials
Revenue, profit & margin
P/E ratio
13.6×
REFEX is 35% below the sector median of 20.9×
REFEX13.6×
Sector median20.9×
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 382 | 352 | 306 | 342 | 591 | 428 | 686 | 594 | 352 | 415 | 576 | 934 | 916 | |
| Expenses | 346 | 318 | 272 | 301 | 543 | 385 | 633 | 534 | 315 | 344 | 486 | 775 | 809 | |
| Operating Profit | 36 | 34 | 34 | 41 | 48 | 43 | 53 | 60 | 37 | 71 | 90 | 160 | 107 | |
| OPM % | 10% | 10% | 11% | 12% | 8% | 10% | 8% | 10% | 10% | 17% | 16% | 17% | 12% | |
| Other Income | 2 | 5 | 3 | 8 | 2 | 5 | 16 | 3 | 2 | -4 | -3 | -8 | 2 | |
| Interest | 6 | 6 | 8 | 8 | 6 | 4 | 5 | 5 | 6 | 7 | 9 | 10 | 13 | |
| Depreciation | 3 | 3 | 4 | 4 | 6 | 2 | 3 | 3 | 5 | 5 | 5 | 5 | 6 | |
| Profit before tax | 29 | 30 | 25 | 37 | 39 | 42 | 62 | 55 | 28 | 55 | 73 | 136 | 91 | |
| Tax % | 27% | 29% | 33% | 9% | 25% | 27% | 19% | 13% | 26% | 34% | 28% | 31% | 29% | |
| Net Profit | 21 | 21 | 17 | 33 | 29 | 31 | 50 | 48 | 20 | 36 | 53 | 94 | 65 | |
| EPS in Rs | 1.92 | 1.94 | 1.53 | 2.96 | 2.60 | 2.57 | 3.88 | 3.74 | 1.64 | 2.90 | 3.93 | 6.62 | 4.65 | |
| 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.
Avg earnings-day move −5.18% · closed higher next day 0 of last 1
| Q1FY27 | |
|---|---|
| Broadcast | 29 Jul '26◦ |
| Earnings day | −5.18% |
| +1 day | −3.86% |
| +5 days | −5.18% |
| +15 days | −6.78% |
| +30 days | — |
| Filing |
Corporate actions
Last 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Shareholding
as of Jun 202656.57%Promoter
Promoters56.57%0.72
FIIs0.93%0.44
DIIs0.38%0.25
Public42.13%0.53
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 | ₹282.55 | 13.59 | 3,877 | 0.53% | 65 | +145.38% | 916 | +160.42% | 22.71% |
| EMSLIMITED | ₹383.05 | 31.22 | 2,127 | 0.39% | 15 | −59.13% | 157 | −34.18% | 12.51% |
| AWHCL | ₹370.80 | 18.01 | 1,053 | 0.13% | 1 | −95.73% | 261 | +5.52% | 11.22% |
| ECORECO | ₹459.35 | 36.90 | 886 | 0.22% | 9 | +11.15% | 16 | +75.22% | 30.75% |
| EFFWA | ₹360.00 | 29.12 | 833 | 0.00% | 18 | +20.33% | 163 | +31.25% | 29.26% |
| ZTECH | ₹476.30 | 19.07 | 703 | 0.00% | 4 | +33.22% | 29 | +42.29% | 19.76% |
| NAMOEWASTE | ₹274.10 | 43.68 | 627 | 0.00% | 7 | +135.90% | 107 | +29.25% | 21.33% |
| Median: 13 Co. | ₹274.10 | 20.93 | 627 | 0.00% | 7 | +20.33% | 107 | +29.25% | 18.88% |
Filings
Annual reports15
Annual Report 2026bseAnnual Report 2025bseAnnual Report 2024bseAnnual Report 2023bseAnnual Report 2022bseAnnual Report 2021bseAnnual Report 2020bseAnnual Report 2019bseAnnual Report 2018bseAnnual Report 2017bseAnnual Report 2016bseAnnual Report 2015bseAnnual Report 2014bseAnnual Report 2013bseAnnual Report 2012bse
Concall transcripts28
TranscriptAug 2026PPTAug 2026RECAug 2026PPTJul 2026TranscriptJun 2026PPTJun 2026TranscriptJan 2026PPTJan 2026TranscriptNov 2025PPTNov 2025RECNov 2025TranscriptAug 2025PPTAug 2025TranscriptApr 2025PPTApr 2025RECApr 2025TranscriptFeb 2025PPTFeb 2025PPTJan 2025RECJan 2025TranscriptNov 2024PPTNov 2024TranscriptAug 2024PPTAug 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. 4 SepDisclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 4 Sep - Refex Holding created pledge on 4.75 lakh shares on Sept 1, 2026; total pledged holding rose to 24.72%.Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 24 Aug - Refex Industries bags two domestic fly ash contracts worth ₹33.70 crore, executable in 120 days.Announcement under Regulation 30 (LODR)-Change in Management 22 Aug - Refex appointed Anil S. Kulkarni and Prasad Jakkaraju as SMPs from August 22, 2026.Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 21 Aug - Allotment of 9,100 Equity shares of Rs.2/- each pursuant to Exercise of ESOPs under Refex Employee Stock Option Scheme 2021