Valuation: Refex Industries Limited

Market Cap 39.31B 411M 352M 329M 301M 568M 574M 3.89B 1.51B 19.74B 1.54B 1.51B 65.3B P/E 2025
30.5x
P/E 2026 12.5x
Enterprise Value 37.57B 392M 336M 315M 288M 543M 549M 3.72B 1.45B 18.87B 1.47B 1.44B 62.42B EV / Sales 2025
1.94x
EV / Sales 2026 1.07x
Free-Float
42.43%
Yield 2025 *
-
Yield 2026 0.79%
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
29/07 Refex Industries Limited Reports Earnings Results for the First Quarter Ended June 30, 2026 CI
29/07 Refex Industries Limited Announces Redesignation of Lalitha Uthayakumar from President ? Refrigerant Gas Business to General Manager ? Accounts, Effective August 01, 2026 CI
07/07 Refex Industries Limited Receives Ash Transportation Order Worth INR 209.4 Million from Maharashtra-Based Entity for Road Projects CI
26/06 Refex Industries Limited Bags Order for Transportation of Ash to Construction Site of Road Projects of NHAI and Other Central or State Government Road Construction Department / Authority / Pmgsy Road Projects CI
21/06 Refex Industries Limited Bags Order For Transportation Of Pond Ash To NHAI Road Projects CI
29/05 Refex Industries Bags Transportation Order Worth INR369 Million MT
29/05 Refex Industries Limited Bags Order for Excavation, Loading and Transportation of Pond Ash to Open Cast Mines, Stone Quarries, and NHAI Project Sites CI
1 day-2.55%
1 week-3.63%
Current month-5.40%
1 month-8.73%
3 months+2.65%
6 months+20.35%
Current year+10.22%
1 week 285.1
Extreme 285.1
302.95
1 month 285.1
Extreme 285.1
344.85
Current year 188
Extreme 188
371.4
1 year 188
Extreme 188
415
3 years 102.42
Extreme 102.42
600
5 years 19.69
Extreme 19.69
600
10 years 2.24
Extreme 2.24
600
Manager TitleAgeSince
Chief Executive Officer 49 21/06/2006
Director of Finance/CFO 46 01/06/2024
Chief Tech/Sci/R&D Officer - 12/08/2025
Director TitleAgeSince
Chairman 49 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.($)
-2.55%-3.63% - - 421M
+0.94%+3.65%-6.49%-13.45% 4.73B
0.00%+0.39%-21.86%-5.20% 1.22B
+1.87%+6.25%+102.23%+29.52% 787M
-2.52%-3.52%-24.34%+100.55% 421M
+0.85%+1.39% - - 362M
0.00%+1.32%-3.14%-6.10% 248M
+0.68%+1.37%+2.78%-40.80% 137M
-0.29%+26.91%+55.80%+114.11% 127M
+7.41%-2.52%+314.29%+314.29% 118M
Average +0.64%-0.84%+52.41%+61.61% 905.52M
Weighted average by Cap. +0.59%+1.34%+7.29%+5.18%

Financials

2025 2026
Net sales 24.68B 258M 221M 207M 189M 356M 360M 2.44B 951M 12.39B 968M 947M 41B 22.77B 238M 204M 191M 174M 329M 332M 2.26B 877M 11.43B 893M 873M 37.83B
Net income 1.59B 16.58M 14.21M 13.29M 12.15M 22.94M 23.18M 157M 61.17M 797M 62.26M 60.91M 2.64B 2.03B 21.24M 18.2M 17.03M 15.57M 29.38M 29.69M 201M 78.34M 1.02B 79.74M 78.01M 3.38B
Net Debt -952M -9.94M -8.52M -7.97M -7.29M -13.75M -13.9M -94.3M -36.67M -478M -37.32M -36.51M -1.58B -1.73B -18.1M -15.51M -14.51M -13.27M -25.04M -25.3M -172M -66.77M -870M -67.96M -66.49M -2.88B
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
24/08/26 INR 286.45 -2.55% 274,609
21/08/26 INR 293.95 +0.12% 133,646
20/08/26 INR 293.60 -1.16% 185,902
19/08/26 INR 297.05 -0.80% 143,103
18/08/26 INR 299.45 -1.09% 259,732