Refex Industries, 532884, REFEX Share Price, Rating, Research, Analysis, Fundamental & Historical Data

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

5,065.88
31.91
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

4,885.51
N/A
4.18

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

32.22
15.92
45.61

EBITDA CAGR (%)

10 Years
5 Years
3 Years

38.74
23.27
19.57

PAT CAGR (%)

10 Years
5 Years
3 Years

40.88
22.92
30.53

P:E (Median)

8 Years
5 Years
3 Years

12.63
10.65
16.65

P:BV (Average)

8 Years
5 Years
3 Years

3.12
3.36
4.53

EV:EBITDA (Average)

8 Years
5 Years
3 Years

10.78
9.28
13.16

Earnings Forecasts:

Description 2024 2025 2026 2027
Adj EPS 9.12
P/E Ratio 51.61
Revenue 1365
EBITDA 149
Net Income 101
ROA 13.5
P/B Ratio 11.52
ROE 25.65
FCFF -46.41
FCFF Yield -0.79

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var% Jun 24 Jun 23 Var%
Net Sales 612.31 337.38 81.49% 708.25 301.51 134.90% 519.80 350.31 48.38% 589.65 381.37 54.61%
Expenses 549.11 293.88 86.85% 654.98 267.85 144.53% 472.11 315.28 49.74% 537.41 344.79 55.87%
EBITDA 63.21 43.50 45.31% 53.27 33.65 58.31% 47.69 35.03 36.14% 52.24 36.57 42.85%
EBIDTM 10.32% 12.89% 7.52% 11.16% 9.18% 10.00% 8.86% 9.59%
Other Income 16.76 8.32 101.44% 25.23 3.20 688.44% 7.84 4.80 63.33% 2.40 1.93 24.35%
Interest 4.99 7.10 -29.72% 4.70 7.29 -35.53% 3.54 5.75 -38.43% 4.34 6.25 -30.56%
Depreciation 3.24 2.21 46.61% 2.83 2.23 26.91% 2.35 2.21 6.33% 2.24 2.15 4.19%
PBT 71.74 42.52 68.72% 70.97 27.34 159.58% 49.92 31.91 56.44% 48.06 29.93 60.57%
Tax 14.65 6.77 116.40% 11.94 7.57 57.73% 12.60 8.50 48.24% 12.09 7.92 52.65%
PAT 57.09 35.76 59.65% 59.04 19.77 198.63% 37.31 23.40 59.44% 35.97 22.01 63.43%
PATM 9.32% 10.60% 8.34% 6.56% 7.18% 6.68% 6.10% 5.77%
EPS 4.42 2.77 59.57% 4.57 1.53 198.69% 2.89 1.81 59.67% 2.78 1.70 63.53%

Description Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var% Jun 24 Jun 23 Var%
Net Sales 627.76 342.35 83.37% 717.13 305.99 134.36% 527.65 352.21 49.81% 595.12 382.33 55.66%
Expenses 563.94 301.10 87.29% 666.01 271.70 145.13% 481.21 318.04 51.30% 546.70 345.93 58.04%
EBITDA 63.82 41.25 54.72% 51.12 34.28 49.12% 46.45 34.17 35.94% 48.43 36.40 33.05%
EBIDTM 10.17% 12.05% 7.13% 11.20% 8.80% 9.70% 8.14% 9.52%
Other Income 16.13 7.96 102.64% 24.79 3.19 677.12% 7.08 5.22 35.63% 2.09 1.87 11.76%
Interest 8.81 8.50 3.65% 7.69 8.31 -7.46% 5.36 6.18 -13.27% 5.84 6.38 -8.46%
Depreciation 11.62 4.16 179.33% 8.91 3.98 123.87% 6.42 2.90 121.38% 5.61 2.51 123.51%
PBT 59.52 36.58 62.71% 59.31 25.19 135.45% 42.02 30.35 38.45% 39.06 29.21 33.72%
Tax 11.60 3.21 261.37% 9.26 8.30 11.57% 10.96 8.91 23.01% 9.72 7.94 22.42%
PAT 47.92 33.37 43.60% 50.05 16.89 196.33% 31.06 21.44 44.87% 29.35 21.27 37.99%
PATM 7.63% 9.75% 6.98% 5.52% 5.89% 6.09% 4.93% 5.56%
EPS 3.74 2.96 26.35% 3.88 1.53 153.59% 2.57 1.94 32.47% 2.60 1.92 35.42%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone

Description TTM Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Net Sales 2,430.01 1,370.56 1,629.15 443.96 632.66 660.74 461.05 76.86 37.72 77.95 84.66 Net Sales Growth 77.30% -15.87% 266.96% -29.83% -4.25% 43.31% 499.86% 103.76% -51.61% -7.93% Cost Of Goods Sold 2,154.38 1,177.82 1,388.31 328.37 526.78 557.30 403.06 56.98 19.80 59.90 64.10 Gross Profit 275.63 192.74 240.84 115.58 105.88 103.45 57.99 19.88 17.92 18.05 20.57 GP Margin 11.34% 14.06% 14.78% 26.03% 16.74% 15.66% 12.58% 25.87% 47.51% 23.16% 24.30% Total Expenditure 2,213.61 1,221.80 1,454.50 383.10 564.98 609.40 432.78 75.13 35.53 75.31 79.10 Power & Fuel Cost - 0.55 0.12 0.04 4.57 0.52 0.32 0.07 0.08 0.07 0.07 % Of Sales - 0.04% 0.01% 0.01% 0.72% 0.08% 0.07% 0.09% 0.21% 0.09% 0.08% Employee Cost - 15.37 13.20 12.32 5.19 2.77 2.26 1.02 0.55 0.17 0.13 % Of Sales - 1.12% 0.81% 2.78% 0.82% 0.42% 0.49% 1.33% 1.46% 0.22% 0.15% Manufacturing Exp. - 4.00 34.16 27.10 2.78 0.62 0.82 1.35 0.91 0.05 0.24 % Of Sales - 0.29% 2.10% 6.10% 0.44% 0.09% 0.18% 1.76% 2.41% 0.06% 0.28% General & Admin Exp. - 20.13 13.20 11.87 12.98 17.15 19.02 15.21 13.96 14.80 14.37 % Of Sales - 1.47% 0.81% 2.67% 2.05% 2.60% 4.13% 19.79% 37.01% 18.99% 16.97% Selling & Distn. Exp. - 1.46 0.62 0.57 0.98 1.27 4.91 0.27 0.16 0.23 0.17 % Of Sales - 0.11% 0.04% 0.13% 0.15% 0.19% 1.06% 0.35% 0.42% 0.30% 0.20% Miscellaneous Exp. - 2.48 4.89 2.83 11.70 29.78 2.38 0.22 0.05 0.09 0.17 % Of Sales - 0.18% 0.30% 0.64% 1.85% 4.51% 0.52% 0.29% 0.13% 0.12% 0.04% EBITDA 216.41 148.76 174.65 60.86 67.68 51.34 28.27 1.73 2.19 2.64 5.56 EBITDA Margin 8.91% 10.85% 10.72% 13.71% 10.70% 7.77% 6.13% 2.25% 5.81% 3.39% 6.57% Other Income 52.23 18.28 8.29 5.03 4.44 4.79 1.85 2.04 1.69 0.04 0.05 Interest 17.57 26.40 19.41 12.63 8.97 0.91 0.30 1.21 2.56 1.34 0.03 Depreciation 10.66 8.80 6.89 5.65 5.29 1.39 0.96 0.83 0.79 1.02 2.49 PBT 240.69 131.84 156.64 47.60 57.86 53.84 28.87 1.74 0.53 0.32 3.09 Tax 51.28 30.76 40.33 15.59 16.91 14.89 -2.76 0.80 0.07 -5.00 0.00 Tax Rate 21.31% 23.35% 25.79% 25.57% 29.23% 31.00% -9.56% 45.98% 13.21% -1612.90% 0.00% PAT 189.41 100.95 116.06 45.39 40.94 33.13 31.63 0.94 0.46 5.32 3.05 PAT before Minority Interest 189.41 100.95 116.06 45.39 40.94 33.13 31.63 0.94 0.46 5.32 3.05 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 7.79% 7.37% 7.12% 10.22% 6.47% 5.01% 6.86% 1.22% 1.22% 6.82% 3.60% PAT Growth 87.65% -13.02% 155.70% 10.87% 23.57% 4.74% 3,264.89% 104.35% -91.35% 74.43% EPS 14.66 7.81 8.98 3.51 3.17 2.56 2.45 0.07 0.04 0.41 0.24

Description TTM Mar 24 Mar 23 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14
Net Sales 2,467.66 1,382.87 1,629.15 632.66 660.74 461.05 76.86 37.72 77.95 84.66 24.52 Net Sales Growth 78.44% -15.12% 157.51% -4.25% 43.31% 499.86% 103.76% -51.61% -7.93% 245.27% Cost Of Goods Sold 2,180.55 1,179.85 1,388.31 526.78 557.30 403.06 56.98 19.80 59.90 64.10 8.43 Gross Profit 287.11 203.02 240.84 105.88 103.45 57.99 19.88 17.92 18.05 20.57 16.10 GP Margin 11.63% 14.68% 14.78% 16.74% 15.66% 12.58% 25.87% 47.51% 23.16% 24.30% 65.66% Total Expenditure 2,257.86 1,236.76 1,454.50 564.99 609.40 432.78 75.13 35.53 75.31 79.13 22.09 Power & Fuel Cost - 0.55 0.12 4.57 0.52 0.32 0.07 0.08 0.07 0.07 0.04 % Of Sales - 0.04% 0.01% 0.72% 0.08% 0.07% 0.09% 0.21% 0.09% 0.08% 0.16% Employee Cost - 19.65 13.20 5.19 2.77 2.26 1.02 0.55 0.17 0.13 0.14 % Of Sales - 1.42% 0.81% 0.82% 0.42% 0.49% 1.33% 1.46% 0.22% 0.15% 0.57% Manufacturing Exp. - 10.00 34.16 2.28 0.62 0.82 1.35 0.91 0.05 0.24 0.16 % Of Sales - 0.72% 2.10% 0.36% 0.09% 0.18% 1.76% 2.41% 0.06% 0.28% 0.65% General & Admin Exp. - 22.55 13.20 12.99 17.15 19.02 15.21 13.97 14.80 14.37 13.07 % Of Sales - 1.63% 0.81% 2.05% 2.60% 4.13% 19.79% 37.04% 18.99% 16.97% 53.30% Selling & Distn. Exp. - 1.66 0.62 1.48 1.27 4.91 0.27 0.16 0.23 0.17 0.14 % Of Sales - 0.12% 0.04% 0.23% 0.19% 1.06% 0.35% 0.42% 0.30% 0.20% 0.57% Miscellaneous Exp. - 2.51 4.89 11.70 29.78 2.38 0.22 0.05 0.09 0.05 0.14 % Of Sales - 0.18% 0.30% 1.85% 4.51% 0.52% 0.29% 0.13% 0.12% 0.06% 0.45% EBITDA 209.82 146.11 174.65 67.67 51.34 28.27 1.73 2.19 2.64 5.53 2.43 EBITDA Margin 8.50% 10.57% 10.72% 10.70% 7.77% 6.13% 2.25% 5.81% 3.39% 6.53% 9.91% Other Income 50.09 18.26 8.29 4.44 4.79 1.85 2.04 1.69 0.04 0.05 3.50 Interest 27.70 29.36 19.41 8.97 0.91 0.30 1.21 2.56 1.34 0.03 2.41 Depreciation 32.56 13.54 6.89 5.29 1.39 0.96 0.83 0.79 1.02 2.49 2.34 PBT 199.91 121.46 156.63 57.85 53.83 28.87 1.73 0.53 0.32 3.07 1.19 Tax 41.54 28.35 40.33 16.91 14.89 -2.76 0.80 0.07 -5.00 0.00 0.00 Tax Rate 20.78% 23.37% 25.79% 29.23% 31.01% -9.56% 46.24% 13.21% -1612.90% 0.00% 0.00% PAT 158.38 92.98 116.06 40.94 33.13 31.63 0.94 0.46 5.31 3.02 1.18 PAT before Minority Interest 159.46 92.98 116.06 40.94 33.13 31.63 0.94 0.46 5.31 3.02 1.18 Minority Interest 1.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 6.42% 6.72% 7.12% 6.47% 5.01% 6.86% 1.22% 1.22% 6.81% 3.57% 4.81% PAT Growth 70.36% -19.89% 183.49% 23.57% 4.74% 3,264.89% 104.35% -91.34% 75.83% 155.93% EPS 12.26 7.20 8.98 3.17 2.56 2.45 0.07 0.04 0.41 0.23 0.09

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Shareholder's Funds 472.66 314.40 183.96 139.57 75.86 42.77 11.14 10.20 9.74 4.42 Share Capital 23.14 22.11 21.00 21.00 15.48 15.48 15.48 15.48 15.48 15.48 Total Reserves 449.17 292.04 162.96 118.57 60.38 27.30 -4.33 -5.28 -5.74 -11.06 Non-Current Liabilities 100.11 103.98 68.43 70.11 10.39 -8.72 41.43 35.84 -0.34 4.89 Secured Loans 38.96 40.46 1.03 0.09 0.00 0.09 6.34 0.60 0.06 0.06 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.09 34.61 34.36 0.00 0.00 Long Term Provisions 1.21 0.47 0.81 9.49 6.09 0.16 0.31 0.31 0.29 0.29 Current Liabilities 187.43 348.76 133.60 134.95 62.85 121.91 44.94 13.42 107.75 60.69 Trade Payables 52.43 192.59 77.25 100.38 41.20 101.18 41.41 8.47 62.71 49.41 Other Current Liabilities 22.07 25.09 21.93 16.80 5.79 14.26 3.53 4.53 7.85 1.79 Short Term Borrowings 57.24 41.12 14.05 0.02 1.72 0.00 0.00 0.00 36.76 9.06 Short Term Provisions 55.69 89.96 20.37 17.74 14.14 6.46 0.00 0.43 0.43 0.43 Total Liabilities 760.20 767.14 385.99 344.63 149.10 155.96 97.51 59.46 117.15 70.00 Net Block 144.20 146.76 85.03 86.78 21.94 14.88 14.31 14.60 15.04 15.84 Gross Block 158.89 152.78 89.15 90.10 24.56 16.67 15.14 27.92 27.58 27.41 Accumulated Depreciation 14.69 6.02 4.12 3.31 2.63 1.79 0.83 13.31 12.53 11.57 Non Current Assets 248.67 224.22 166.46 167.83 28.99 18.32 18.45 18.97 17.62 16.68 Capital Work in Progress 8.61 3.25 0.39 0.00 0.00 0.27 0.00 0.00 0.00 0.00 Non Current Investment 81.12 73.85 74.00 74.05 0.05 0.05 0.05 0.06 0.06 0.06 Long Term Loans & Adv. 14.73 0.36 7.04 7.00 7.00 3.12 4.09 1.92 1.73 0.78 Other Non Current Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.40 0.79 0.00 Current Assets 511.52 542.93 219.54 176.80 120.11 137.65 79.06 40.49 99.53 53.31 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 7.19 10.81 7.46 5.49 3.18 7.59 5.23 1.22 1.21 0.62 Sundry Debtors 305.41 245.17 116.43 92.96 72.27 87.50 36.51 8.98 80.26 49.88 Cash & Bank 32.90 10.18 0.29 17.24 20.95 3.87 0.69 0.76 0.25 0.62 Other Current Assets 166.02 7.89 0.80 3.47 23.70 38.69 36.63 29.52 17.81 2.19 Short Term Loans & Adv. 155.61 268.88 94.56 57.64 21.54 38.62 36.51 27.96 17.81 0.91 Net Current Assets 324.09 194.16 85.93 41.85 57.26 15.74 34.13 27.06 -8.23 -7.38 Total Assets 760.19 767.15 386.00 344.63 149.10 155.97 97.51 59.46 117.15 69.99

Description Mar 24 Mar 23 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14
Shareholder's Funds 465.58 314.39 139.51 75.80 42.73 11.10 10.16 9.71 4.39 1.37 Share Capital 23.14 22.11 21.00 15.48 15.48 15.48 15.48 15.48 15.48 15.48 Total Reserves 442.10 292.04 118.51 60.33 27.25 -4.38 -5.31 -5.77 -11.08 -14.10 Non-Current Liabilities 134.80 103.98 70.11 10.39 -8.72 41.43 35.84 -0.34 4.89 4.74 Secured Loans 52.96 40.46 0.09 0.00 0.09 6.34 0.60 0.06 0.06 0.13 Unsecured Loans 0.00 0.00 0.00 0.00 0.09 34.61 34.36 0.00 0.00 0.00 Long Term Provisions 1.27 0.47 9.49 6.09 0.16 0.31 0.31 0.29 0.29 0.00 Current Liabilities 193.91 332.00 134.95 62.85 121.91 44.94 13.43 107.75 60.69 29.19 Trade Payables 54.33 192.59 100.38 41.20 101.18 41.41 8.47 62.71 49.41 7.42 Other Current Liabilities 33.63 25.09 16.80 5.79 14.26 3.53 4.53 7.85 1.79 4.98 Short Term Borrowings 64.20 41.37 0.02 1.72 0.00 0.00 0.00 36.76 9.06 11.20 Short Term Provisions 41.74 72.95 17.74 14.14 6.46 0.00 0.43 0.43 0.43 5.59 Total Liabilities 793.40 750.37 344.57 149.04 155.92 97.47 59.43 117.12 69.97 35.30 Net Block 204.11 146.76 86.78 21.94 14.88 14.31 14.60 15.04 15.84 17.13 Gross Block 223.54 152.78 94.65 24.56 16.67 15.14 27.92 27.58 27.41 26.44 Accumulated Depreciation 19.43 6.02 7.86 2.63 1.79 0.83 13.31 12.53 11.57 9.31 Non Current Assets 291.30 224.12 167.78 28.94 18.27 18.40 18.92 17.59 16.63 23.29 Capital Work in Progress 8.61 3.25 0.00 0.00 0.27 0.00 0.00 0.00 0.00 0.47 Non Current Investment 73.76 73.75 74.00 0.00 0.00 0.00 0.01 0.01 0.01 0.24 Long Term Loans & Adv. 4.81 0.36 7.00 7.00 3.12 4.09 1.92 1.75 0.78 5.45 Other Non Current Assets 0.01 0.00 0.00 0.00 0.00 0.00 2.40 0.79 0.00 0.00 Current Assets 502.09 526.26 176.79 120.11 137.65 79.07 40.50 99.53 53.34 12.02 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 7.23 10.81 5.49 3.18 7.59 5.23 1.22 1.21 0.62 4.03 Sundry Debtors 305.94 245.17 92.96 72.27 87.50 36.51 8.98 80.26 49.88 4.34 Cash & Bank 33.08 10.23 17.25 20.96 3.87 0.70 0.77 0.25 0.62 1.20 Other Current Assets 155.84 7.93 3.47 2.16 38.69 36.64 29.53 17.81 2.22 2.45 Short Term Loans & Adv. 144.94 252.12 57.63 21.54 38.62 36.52 27.97 17.81 0.94 0.76 Net Current Assets 308.19 194.26 41.84 57.26 15.74 34.14 27.08 -8.23 -7.35 -17.17 Total Assets 793.39 750.38 344.57 149.05 155.92 97.47 59.42 117.12 69.97 35.31

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Cash From Operating Activity -4.49 27.91 -13.82 123.29 11.89 44.18 -4.41 4.17 -24.58 -2.37 PBT 131.70 156.39 60.98 57.86 48.03 28.87 1.74 0.53 0.31 3.05 Adjustment 30.71 23.90 12.30 19.39 30.50 -0.59 0.76 1.65 2.34 2.51 Changes in Working Capital -143.23 -135.87 -87.10 46.04 -54.23 22.48 -6.91 1.99 -27.23 -7.93 Cash after chg. in Working capital 19.18 44.41 -13.82 123.29 24.30 50.76 -4.41 4.17 -24.58 -2.37 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -23.67 -16.51 0.00 0.00 -12.41 -6.58 0.00 0.00 0.00 0.00 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -15.62 -77.66 -5.14 -122.27 4.56 0.05 0.70 -0.47 -1.95 4.10 Net Fixed Assets -11.47 -66.49 0.56 -65.54 -7.62 -1.80 12.78 -0.34 -0.17 -0.50 Net Investments -7.27 0.15 0.05 -74.00 0.00 0.00 0.01 0.00 0.00 0.18 Others 3.12 -11.32 -5.75 17.27 12.18 1.85 -12.09 -0.13 -1.78 4.42 Cash from Financing Activity 42.83 59.64 2.01 -4.72 0.63 -41.06 3.64 -3.18 26.15 -2.30 Net Cash Inflow / Outflow 22.72 9.89 -16.96 -3.71 17.08 3.17 -0.07 0.52 -0.38 -0.58 Opening Cash & Equivalents 10.18 0.29 17.24 20.95 3.87 0.69 0.76 0.25 0.62 1.20 Closing Cash & Equivalent 32.90 10.18 0.29 17.24 20.95 3.87 0.69 0.76 0.25 0.62

Description Mar 24 Mar 23 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14
Cash From Operating Activity 2.85 27.62 123.29 11.89 44.19 -4.41 4.15 -24.56 -3.12 8.79 PBT 121.33 156.39 57.85 48.03 28.87 1.73 0.53 0.31 3.02 1.18 Adjustment 38.52 23.90 19.39 30.50 -0.59 0.76 1.65 2.34 2.51 4.63 Changes in Working Capital -133.33 -136.16 46.04 -54.23 22.49 -6.90 1.98 -27.20 -8.66 2.98 Cash after chg. in Working capital 26.52 44.12 123.29 24.30 50.76 -4.41 4.15 -24.56 -3.12 8.79 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -23.67 -16.50 0.00 -12.41 -6.58 0.00 0.00 0.00 0.00 0.00 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -41.88 -77.56 -122.27 4.56 0.05 -0.59 -0.45 -1.97 4.15 12.70 Net Fixed Assets -11.47 -65.93 -65.54 -7.62 -1.80 12.78 -0.34 -0.17 -0.50 Net Investments -7.27 0.20 -74.00 0.00 0.00 0.01 0.00 0.00 0.18 Others -23.14 -11.83 17.27 12.18 1.85 -13.38 -0.11 -1.80 4.47 Cash from Financing Activity 61.87 59.89 -4.72 0.63 -41.06 3.64 -3.18 26.15 -1.60 -21.42 Net Cash Inflow / Outflow 22.84 9.95 -3.71 17.08 3.18 -1.36 0.52 -0.38 -0.58 0.07 Opening Cash & Equivalents 10.23 0.29 20.96 3.87 0.70 0.77 0.25 0.62 1.20 1.13 Closing Cash & Equivalent 33.08 10.23 17.25 20.96 3.87 -0.59 0.77 0.25 0.62 1.20

Financial Ratios

Consolidated /

Standalone

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Book Value (Rs.) 40.83 28.42 87.59 66.46 47.49 26.78 6.97 6.38 6.10 2.77 ROA 13.22% 20.13% 12.42% 16.59% 21.72% 24.96% 1.20% 0.52% 5.68% 5.78% ROE 25.67% 46.60% 28.06% 38.01% 55.86% 117.35% 8.83% 4.65% 75.17% 105.23% ROCE 32.77% 59.09% 43.46% 61.52% 81.06% 61.08% 6.04% 6.74% 5.49% 23.32% Fixed Asset Turnover 8.79 13.47 4.95 11.04 32.05 29.00 3.59 1.37 2.84 3.17 Receivable days 73.31 40.51 86.07 47.66 44.13 49.09 107.31 427.08 304.59 116.06 Inventory Days 2.40 2.05 5.32 2.50 2.97 5.07 15.21 11.64 4.28 9.96 Payable days 30.78 26.09 84.83 49.05 46.04 63.06 128.31 20.93 3.82 0.00 Cash Conversion Cycle 44.93 16.46 6.56 1.11 1.06 -8.90 -5.78 417.79 305.05 126.02 Total Debt/Equity 0.20 0.26 0.08 0.00 0.02 0.01 3.70 3.43 3.78 2.08 Interest Cover 5.99 9.06 5.83 7.45 54.03 98.30 2.44 1.21 1.24 105.02

Description Mar 24 Mar 23 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14
Book Value (Rs.) 40.22 28.42 66.43 47.46 26.75 6.95 6.36 6.08 2.75 0.86 ROA 12.05% 21.20% 16.59% 21.72% 24.97% 1.19% 0.52% 5.68% 5.74% 3.34% ROE 23.86% 51.17% 38.03% 55.89% 117.52% 8.82% 4.59% 75.40% 104.82% 86.01% ROCE 30.79% 65.61% 61.55% 81.11% 61.13% 6.04% 6.73% 5.48% 23.15% 28.11% Fixed Asset Turnover 7.35 13.17 10.61 32.05 29.00 3.59 1.37 2.84 3.17 0.97 Receivable days 72.73 37.88 47.66 44.13 49.09 107.31 427.08 304.59 116.06 61.87 Inventory Days 2.38 1.83 2.50 2.97 5.07 15.21 11.64 4.28 9.96 57.55 Payable days 31.02 32.42 49.05 46.04 63.06 128.31 20.93 3.82 0.00 0.00 Cash Conversion Cycle 44.09 7.29 1.11 1.06 -8.90 -5.79 417.79 305.05 126.02 119.42 Total Debt/Equity 0.25 0.26 0.00 0.02 0.01 3.71 3.44 3.79 2.09 8.31 Interest Cover 5.13 9.06 7.45 54.01 98.25 2.43 1.21 1.23 104.00 1.49

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News Update:

Refex Industries reports 44% jump in Q4 consolidated net profit
24th Apr 2025, 16:44 PM

Total consolidated income of the company increased by 83.80% at Rs 643.88 crore for Q4FY25
Read More
Refex Industries’ arm ties up with Uber
11th Mar 2025, 16:58 PM

The collaboration aligns with Uber’s global objective of providing 100 per cent emission-free rides by 2040
Read More
Refex Industries’ arm enters into agreement with one of India’s largest ride-hailing platforms
5th Mar 2025, 09:37 AM

This expansion is a part of the company’s strategic growth roadmap and reinforces its commitment to India’s clean mobility transition
Read More
Refex Industries’ arm incorporates wholly-owned subsidiary
25th Feb 2025, 10:59 AM

Consequent to which, VRPSL has become a step-down subsidiary of Refex Industries
Read More

Refex Industries Ltd.

Industrial Gases & Fuels

BSE: 532884 | NSE: REFEX

Stock Summary

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Consolidated Figures in Rs. Crores /

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Cash Flow

Consolidated Figures in Rs. Crores /

Financial Ratios

Consolidated /

Top Investors:

Annual Reports:

News Update:

Refex Industries Ltd.

Industrial Gases & Fuels

BSE: 532884 | NSE: REFEX

Stock Summary

Shareholding Pattern

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Consolidated Figures in Rs. Crores /

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Cash Flow

Consolidated Figures in Rs. Crores /

Financial Ratios

Consolidated /

Top Investors:

Annual Reports:

News Update: