Valuation: Refex Renewables & Infrastructure Limited

Market Cap 1.56B 16.32M 14.23M 13.4M 12.2M 22.88M 22.9M 160M 61.84M 796M 61.28M 59.93M 2.57B P/E 2025
-7.5x
P/E 2026 -2.25x
Enterprise Value 6.37B 66.52M 58M 54.62M 49.75M 93.27M 93.38M 654M 252M 3.25B 250M 244M 10.48B EV / Sales 2025
10.8x
EV / Sales 2026 8.66x
Free-Float
22.45%
Yield 2025 *
-
Yield 2026 -
25/08 Refex Renewables & Infrastructure Limited Auditor Raises 'Going Concern' Doubt CI
06/08 Refex Renewables & Infrastructure Limited and Solar Energy Corporation of India Ltd. Enter Contract for 80-Mw Wind Power Project CI
04/08 Refex Renewables & Infrastructure Limited Reports Earnings Results for the First Quarter Ended June 30, 2026 CI
01/07 Refex Renewables & Infrastructure Limited Announces Resignation of Jaya Krishna from Director ? Finance (Corporate Finance), Effective June 30, 2026 CI
21/05 Refex Renewables & Infrastructure Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2026 CI
28/04 Refex Renewables & Infrastructure Limited Appoints Rajeev Vaze as Chief Operating Officer ? Compressed Bio-Gas CI
12/02 Refex Renewables & Infrastructure Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2025 CI
30/12 Refex Renewables & Infrastructure Limited Announces Cessation of Gagan Bihari Pattnaik as Vice-President (Esg & Sustainability) in the Category of Senior Managerial Person and Head ? ESG , Effective December 29, 2025 CI
12/12 Refex Renewables & Infrastructure says income tax department conducted search at Refex Group locations RE
12/11 Refex Renewables & Infrastructure Limited Announces Demise of Krishnan Kunchithapatham, Vice-President and Senior Management Person on November 12, 2025 CI
11/11 Refex Renewables & Infrastructure Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2025 CI
14/10/25 Refex Renewables & Infrastructure unit approves sale of 74% stake in Flaunt Solar Energy RE
25/08/25 Refex Renewables & Infrastructure Limited Auditor Raises 'Going Concern' Doubt CI
1 day+0.99%
1 week+2.00%
Current month+3.01%
1 month+5.06%
3 months+14.82%
6 months+52.98%
Current year+13.51%
1 week 344.1
Extreme 344.1
347.5
1 month 334.05
Extreme 334.05
347.5
Current year 209.05
Extreme 209.05
347.5
1 year 209.05
Extreme 209.05
798
3 years 209.05
Extreme 209.05
1,183
5 years 49.05
Extreme 49.05
1,183
10 years 5.82
Extreme 5.82
1,183
Manager TitleAgeSince
Chief Executive Officer 43 -
Director of Finance/CFO 41 01/06/2024
Chief Tech/Sci/R&D Officer - 07/08/2025
Director TitleAgeSince
Director/Board Member 43 26/07/2018
Director/Board Member 62 16/06/2020
Director/Board Member 46 01/10/2024
Change 5-day change 1-year change 3-year change Capi.($)
+0.99%+2.00%-48.97%-10.28% 16.13M
+4.29%+1.96%+232.72%+577.08% 3.85B
-9.99%-30.22%+8.11%+175.67% 1.65B
+1.39%+6.17%-21.84%-41.51% 1.26B
-0.19%+1.17%+14.07%+10.90% 1.17B
+1.55%+1.92%+123.37%+156.62% 607M
-1.00%+2.06%-45.78%-27.15% 308M
-8.48%-19.89% - - 293M
+0.52%+2.13% - - 167M
+5.44%-0.47% - - 121M
Average -0.55%-2.22%+37.38%+120.19% 943.99M
Weighted average by Cap. +0.05%-4.38%+108.10%+288.58%

Financials

2025 2026
Net sales 680M 7.1M 6.19M 5.83M 5.31M 9.95M 9.96M 69.79M 26.9M 346M 26.66M 26.07M 1.12B 665M 6.94M 6.05M 5.7M 5.19M 9.73M 9.74M 68.23M 26.3M 339M 26.06M 25.48M 1.09B
Net income -363M -3.79M -3.31M -3.11M -2.84M -5.32M -5.32M -37.28M -14.37M -185M -14.24M -13.92M -597M -420M -4.39M -3.83M -3.6M -3.28M -6.15M -6.16M -43.15M -16.63M -214M -16.48M -16.12M -691M
Net Debt 4.61B 48.16M 41.99M 39.55M 36.02M 67.53M 67.61M 474M 183M 2.35B 181M 177M 7.58B 4.81B 50.2M 43.77M 41.23M 37.54M 70.39M 70.48M 494M 190M 2.45B 189M 184M 7.91B
Logo Refex Renewables & Infrastructure Limited
Refex Renewables & Infrastructure Limited is an India-based solar company. The Company’s offerings are focused on distributed energy in commercial and industrial, rural energy (like solar water pumps), home and street lighting systems, small and medium-sized enterprises (SMEs), residential segments, and emerging technologies (like waste heat to power). The Company's segments include Rural, Commercial and Industrial, and Compressed Bio Gas. The Rural segment comprises of supply, installation, commissioning and maintenance of solar water pumps and home systems. The Commercial and Industrial segment comprises of supply, installation, commissioning and maintenance of ground mount solar power plants and rooftop and sale of electricity. The Compressed Bio Gas segment comprises of production of compressed bio gas. The Company offers its clients 24/7-service support throughout the life of its solar panels. Its clients can monitor their rooftop plant with its Refex Renewables App.
Employees
70
Date Price Change Volume
21/09/26 INR 347.50 +0.99% 22,612
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