Valuation: Refex Industries Limited

Market Cap 29.13B 307M 275M 253M 229M 428M 436M 3.01B 1.21B 15.32B 1.15B 1.13B 48.32B P/E 2025
30.5x
P/E 2026 12.5x
Enterprise Value 27.39B 289M 258M 238M 215M 403M 410M 2.83B 1.14B 14.41B 1.08B 1.06B 45.44B 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
20/09 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
25/08 Refex Industries Limited Bags Contracts For Loading, Transportation And Excavation Of Fly Ash Worth INR 337 Million CI
23/08 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% 307M
+1.87%+7.42%+1.96%+76.96% 161B
+2.11%+6.81%+22.57%+59.45% 40.9B
-1.04%-2.13%+0.34%+23.67% 25.25B
+0.62%+3.07%-13.22%+61.07% 24.27B
+2.16%+5.53%+1.68%+2.20% 22.97B
-4.19%-14.88%-49.17%-50.14% 16.81B
+2.54%-12.93%+47.04%+113.97% 8.52B
+0.07%+2.17%-2.54%-21.83% 6.55B
-0.53%+3.96%+10.41%+4.32% 6.05B
Average -0.09%-0.32%-2.28%+35.90% 31.3B
Weighted average by Cap. +1.19%+4.23%+1.83%+54.38%

Financials

2025 2026
Net sales 24.68B 260M 233M 214M 194M 363M 369M 2.55B 1.02B 12.98B 975M 955M 40.94B 22.77B 240M 215M 198M 179M 335M 341M 2.36B 946M 11.98B 900M 881M 37.77B
Net income 1.59B 16.72M 14.98M 13.78M 12.48M 23.33M 23.77M 164M 65.95M 835M 62.76M 61.42M 2.63B 2.03B 21.42M 19.18M 17.64M 15.99M 29.88M 30.44M 210M 84.46M 1.07B 80.37M 78.67M 3.37B
Net Debt -952M -10.02M -8.98M -8.26M -7.48M -13.99M -14.25M -98.48M -39.53M -501M -37.62M -36.82M -1.58B -1.73B -18.25M -16.35M -15.04M -13.63M -25.47M -25.95M -179M -71.99M -912M -68.5M -67.05M -2.88B
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
30/10/26 INR 212.25 -4.46% 23,397
29/10/26 INR 222.15 -0.34% 17,501
28/10/26 INR 222.90 -4.01% 52,806
27/10/26 INR 232.20 +3.15% 11,080
26/10/26 INR 225.10 -0.82% 17,241
  1. Stock Market
  2. Stocks
  3. REFEX Stock