Nifty
:
24383.60
Sensex
:
78094.64
66.45 (0.27%)
166.49 (0.21%)
Nifty
Sensex
:
:
24383.60
78094.64
66.45 (0.27%)
166.49 (0.21%)

Refex Industries Ltd.

Industrial Gases & Fuels

Rating :
65/99

BSE: 532884 | NSE: REFEX

NSE BSE
302.80
31-Jul-2026
  • Open
  • High
  • Low
  • Previous Close
  •  303.95
  •  305.45
  •  291.7
  •  298.65
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  601629
  •  180300563
  •  442
  •  188

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 4,152.26
  • 16.88
  • 2
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 3,921.02
  • 0.50%
  • 2.87

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 56.57%
  • 6.79%
  • 32.55%
  • FII
  • DII
  • Others
  • 0.93%
  • 0.13%
  • 3.03%

Chart

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

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 50.69
  • 35.65
  • 18.08

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 66.64
  • 42.05
  • 19.90

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 87.14
  • 40.35
  • 37.63

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 12.89
  • 18.54
  • 24.16

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 3.24
  • 3.87
  • 4.80

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 10.52
  • 12.11
  • 16.50

Earnings Forecasts:

(Updated: 01-08-2026)
Description
2026
2027
2028
2029
Adj EPS
24
29
-
-
P/E Ratio
12.62
10.44
-
-
Revenue
-
-
-
-
EBITDA
-
-
-
-
Net Income
-
-
-
-
ROA
-
-
-
-
P/B Ratio
-
-
-
-
ROE
-
-
-
-
FCFF
-
-
-
-
FCFF Yield
-
-
-
-
Net Debt
-
-
-
-
BVPS
-
-
-
-

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Jun 26
Jun 25
Var%
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Net Sales
916.30
351.86
160.42%
934.17
594.48
57.14%
576.01
686.04
-16.04%
426.85
427.99
-0.27%
Expenses
809.35
314.98
156.95%
774.65
534.34
44.97%
486.25
632.88
-23.17%
356.37
385.13
-7.47%
EBITDA
106.95
36.88
189.99%
159.52
60.14
165.25%
89.76
53.16
68.85%
70.48
42.87
64.40%
EBIDTM
11.67%
10.48%
17.08%
10.12%
15.58%
7.75%
16.51%
10.02%
Other Income
12.35
10.38
18.98%
3.94
16.00
-75.38%
5.80
24.55
-76.37%
5.20
7.40
-29.73%
Interest
12.92
6.17
109.40%
10.15
5.15
97.09%
9.14
4.70
94.47%
6.62
3.54
87.01%
Depreciation
5.83
4.68
24.57%
5.33
3.02
76.49%
5.04
2.63
91.63%
5.15
2.35
119.15%
PBT
100.55
36.42
176.08%
147.98
67.96
117.75%
81.38
70.38
15.63%
63.91
44.38
44.01%
Tax
26.02
7.20
261.39%
42.00
7.26
478.51%
20.04
11.98
67.28%
18.62
11.39
63.48%
PAT
74.53
29.22
155.07%
105.97
60.70
74.58%
61.34
58.40
5.03%
45.29
32.99
37.28%
PATM
8.13%
8.30%
11.34%
10.21%
10.65%
8.51%
10.61%
7.71%
EPS
4.65
1.64
183.54%
6.62
3.74
77.01%
3.93
3.88
1.29%
2.90
2.57
12.84%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 26
Mar 25
Mar 24
Mar 23
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Net Sales
2,853.33
2,276.74
2,259.43
1,382.87
1,629.15
632.66
660.74
461.05
76.86
37.72
77.95
Net Sales Growth
38.49%
0.77%
63.39%
-15.12%
157.51%
-4.25%
43.31%
499.86%
103.76%
-51.61%
 
Cost Of Goods Sold
2,333.28
1,843.08
1,996.60
1,179.85
1,388.31
526.78
557.30
403.06
56.98
19.80
59.90
Gross Profit
520.05
433.65
262.83
203.02
240.84
105.88
103.45
57.99
19.88
17.92
18.05
GP Margin
18.23%
19.05%
11.63%
14.68%
14.78%
16.74%
15.66%
12.58%
25.87%
47.51%
23.16%
Total Expenditure
2,426.62
1,915.06
2,053.27
1,236.89
1,454.50
564.99
609.40
432.78
75.13
35.53
75.31
Power & Fuel Cost
-
0.98
0.90
0.55
0.12
4.57
0.52
0.32
0.07
0.08
0.07
% Of Sales
-
0.04%
0.04%
0.04%
0.01%
0.72%
0.08%
0.07%
0.09%
0.21%
0.09%
Employee Cost
-
36.96
25.01
19.65
13.20
5.19
2.77
2.26
1.02
0.55
0.17
% Of Sales
-
1.62%
1.11%
1.42%
0.81%
0.82%
0.42%
0.49%
1.33%
1.46%
0.22%
Manufacturing Exp.
-
0.00
0.00
9.84
34.16
2.28
0.62
0.82
1.35
0.91
0.05
% Of Sales
-
0%
0%
0.71%
2.10%
0.36%
0.09%
0.18%
1.76%
2.41%
0.06%
General & Admin Exp.
-
24.34
26.14
22.70
13.20
12.99
17.15
19.02
15.21
13.97
14.80
% Of Sales
-
1.07%
1.16%
1.64%
0.81%
2.05%
2.60%
4.13%
19.79%
37.04%
18.99%
Selling & Distn. Exp.
-
1.32
2.20
1.66
0.62
1.48
1.27
4.91
0.27
0.16
0.23
% Of Sales
-
0.06%
0.10%
0.12%
0.04%
0.23%
0.19%
1.06%
0.35%
0.42%
0.30%
Miscellaneous Exp.
-
8.37
2.43
2.64
4.89
11.70
29.78
2.38
0.22
0.05
0.23
% Of Sales
-
0.37%
0.11%
0.19%
0.30%
1.85%
4.51%
0.52%
0.29%
0.13%
0.12%
EBITDA
426.71
361.68
206.16
145.98
174.65
67.67
51.34
28.27
1.73
2.19
2.64
EBITDA Margin
14.95%
15.89%
9.12%
10.56%
10.72%
10.70%
7.77%
6.13%
2.25%
5.81%
3.39%
Other Income
27.29
25.32
49.91
18.26
8.29
4.44
4.79
1.85
2.04
1.69
0.04
Interest
38.83
36.56
17.73
29.36
19.41
8.97
0.91
0.30
1.21
2.56
1.34
Depreciation
21.35
20.00
9.90
13.54
6.89
5.29
1.39
0.96
0.83
0.79
1.02
PBT
393.82
330.43
228.43
121.33
156.63
57.85
53.83
28.87
1.73
0.53
0.32
Tax
106.68
88.05
48.74
28.35
40.33
16.91
14.89
-2.76
0.80
0.07
-5.00
Tax Rate
27.09%
26.65%
21.34%
23.37%
25.79%
29.23%
31.01%
-9.56%
46.24%
13.21%
-1612.90%
PAT
287.13
242.38
179.70
92.98
116.06
40.94
33.13
31.63
0.94
0.46
5.31
PAT before Minority Interest
285.20
242.38
179.70
92.98
116.06
40.94
33.13
31.63
0.94
0.46
5.31
Minority Interest
-1.93
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
PAT Margin
10.06%
10.65%
7.95%
6.72%
7.12%
6.47%
5.01%
6.86%
1.22%
1.22%
6.81%
PAT Growth
58.36%
34.88%
93.27%
-19.89%
183.49%
23.57%
4.74%
3,264.89%
104.35%
-91.34%
 
EPS
20.93
17.67
13.10
6.78
8.46
2.98
2.41
2.31
0.07
0.03
0.39

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Shareholder's Funds
1,504.15
1,212.79
465.58
314.39
139.51
75.80
42.73
11.10
10.16
9.71
Share Capital
27.44
25.84
23.14
22.11
21.00
15.48
15.48
15.48
15.48
15.48
Total Reserves
1,344.57
1,031.88
442.10
292.04
118.51
60.33
27.25
-4.38
-5.31
-5.77
Non-Current Liabilities
88.98
177.42
134.80
103.98
70.11
10.39
-8.72
41.43
35.84
-0.34
Secured Loans
27.69
90.57
52.96
40.46
0.09
0.00
0.09
6.34
0.60
0.06
Unsecured Loans
1.13
1.27
0.00
0.00
0.00
0.00
0.09
34.61
34.36
0.00
Long Term Provisions
1.71
2.37
1.27
0.47
9.49
6.09
0.16
0.31
0.31
0.29
Current Liabilities
1,117.09
396.25
193.91
332.00
134.95
62.85
121.91
44.94
13.43
107.75
Trade Payables
464.28
171.73
54.33
192.59
100.38
41.20
101.18
41.41
8.47
62.71
Other Current Liabilities
463.41
194.16
33.63
25.09
16.80
5.79
14.26
3.53
4.53
7.85
Short Term Borrowings
118.76
25.07
64.20
41.37
0.02
1.72
0.00
0.00
0.00
36.76
Short Term Provisions
70.64
5.29
41.74
72.95
17.74
14.14
6.46
0.00
0.43
0.43
Total Liabilities
2,714.65
1,785.84
793.40
750.37
344.57
149.04
155.92
97.47
59.43
117.12
Net Block
211.82
345.40
204.11
146.76
86.78
21.94
14.88
14.31
14.60
15.04
Gross Block
262.89
390.73
216.97
152.78
94.65
24.56
16.67
15.14
27.92
27.58
Accumulated Depreciation
51.07
45.33
12.86
6.02
7.86
2.63
1.79
0.83
13.31
12.53
Non Current Assets
302.99
404.07
291.30
224.12
167.78
28.94
18.27
18.40
18.92
17.59
Capital Work in Progress
18.21
17.22
8.61
3.25
0.00
0.00
0.27
0.00
0.00
0.00
Non Current Investment
0.00
30.74
73.62
73.75
74.00
0.00
0.00
0.00
0.01
0.01
Long Term Loans & Adv.
3.37
2.52
4.95
0.36
7.00
7.00
3.12
4.09
1.92
1.75
Other Non Current Assets
69.59
8.18
0.01
0.00
0.00
0.00
0.00
0.00
2.40
0.79
Current Assets
2,326.72
1,381.77
502.09
526.26
176.79
120.11
137.65
79.07
40.50
99.53
Current Investments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Inventories
76.07
7.41
7.23
10.81
5.49
3.18
7.59
5.23
1.22
1.21
Sundry Debtors
886.25
676.77
305.94
245.17
92.96
72.27
87.50
36.51
8.98
80.26
Cash & Bank
393.35
352.05
48.23
10.23
17.25
20.96
3.87
0.70
0.77
0.25
Other Current Assets
971.05
28.24
10.90
7.93
61.10
23.70
38.69
36.64
29.53
17.81
Short Term Loans & Adv.
939.18
317.30
129.79
252.12
57.63
21.54
38.62
36.52
27.97
17.81
Net Current Assets
1,209.63
985.52
308.19
194.26
41.84
57.26
15.74
34.14
27.08
-8.23
Total Assets
2,629.71
1,785.84
793.39
750.38
344.57
149.05
155.92
97.47
59.42
117.12

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Cash From Operating Activity
107.14
-248.50
2.85
27.62
123.29
11.89
44.19
-4.41
4.15
-24.56
PBT
277.47
199.91
121.33
156.39
57.85
48.03
28.87
1.73
0.53
0.31
Adjustment
107.50
17.43
38.52
23.90
19.39
30.50
-0.59
0.76
1.65
2.34
Changes in Working Capital
-258.56
-402.57
-133.34
-136.16
46.04
-54.23
22.49
-6.90
1.98
-27.20
Cash after chg. in Working capital
126.41
-185.23
26.52
44.12
123.29
24.30
50.76
-4.41
4.15
-24.56
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-19.27
-63.28
-23.67
-16.50
0.00
-12.41
-6.58
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
-267.90
-104.68
-41.88
-77.56
-122.27
4.56
0.05
-0.59
-0.45
-1.97
Net Fixed Assets
-1.48
-62.48
-6.99
-65.93
-65.54
-7.62
-1.80
12.78
-0.34
-0.17
Net Investments
7.81
-32.69
-7.27
0.20
-74.00
0.00
0.00
0.01
0.00
0.00
Others
-274.23
-9.51
-27.62
-11.83
17.27
12.18
1.85
-13.38
-0.11
-1.80
Cash from Financing Activity
65.35
601.60
61.87
59.89
-4.72
0.63
-41.06
3.64
-3.18
26.15
Net Cash Inflow / Outflow
-95.41
248.42
22.84
9.95
-3.71
17.08
3.18
-1.36
0.52
-0.38
Opening Cash & Equivalents
281.62
33.08
10.23
0.29
20.96
3.87
0.70
0.77
0.25
0.62
Closing Cash & Equivalent
186.21
281.50
33.08
10.23
17.25
20.96
3.87
-0.59
0.77
0.25

Financial Ratios

Consolidated /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Book Value (Rs.)
100.00
81.88
40.22
28.42
66.43
47.46
26.75
6.95
6.36
6.08
ROA
10.47%
13.93%
12.05%
21.20%
16.59%
21.72%
24.97%
1.19%
0.52%
5.68%
ROE
19.95%
23.60%
23.86%
51.17%
38.03%
55.89%
117.52%
8.82%
4.59%
75.40%
ROCE
24.06%
25.03%
30.79%
65.61%
61.55%
81.11%
61.13%
6.04%
6.73%
5.48%
Fixed Asset Turnover
6.97
7.44
7.48
13.17
10.61
32.05
29.00
3.59
1.37
2.84
Receivable days
125.29
79.38
72.73
37.88
47.66
44.13
49.09
107.31
427.08
304.59
Inventory Days
6.69
1.18
2.38
1.83
2.50
2.97
5.07
15.21
11.64
4.28
Payable days
57.73
15.81
31.02
32.42
49.05
46.04
63.06
128.31
20.93
3.82
Cash Conversion Cycle
74.26
64.75
44.09
7.29
1.11
1.06
-8.90
-5.79
417.79
305.05
Total Debt/Equity
0.12
0.16
0.25
0.26
0.00
0.02
0.01
3.71
3.44
3.79
Interest Cover
10.04
13.88
5.13
9.06
7.45
54.01
98.25
2.43
1.21
1.23

Annual Reports:

FY 2026
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
FY 2016

News Update:


  • Refex Industries secures order worth Rs 22.75 crore
    31st Jul 2026, 09:58 AM

    The order is to be executed within 12 months

    Read More
  • Refex Industries - Quarterly Results
    30th Jul 2026, 00:00 AM

    Read More
  • Refex Industries bags order worth Rs 20.94 crore
    8th Jul 2026, 09:23 AM

    The order is to be executed within 12 months

    Read More
  • Refex Industries bags order worth Rs 21.15 crore
    29th Jun 2026, 12:28 PM

    The order is to be executed within 12 months

    Read More
  • Refex Industries bags order worth Rs 29.34 crore
    20th Jun 2026, 16:59 PM

    The order is to be executed within 12 months

    Read More
  • Refex Industries bags order worth Rs 36.91 crore
    29th May 2026, 14:59 PM

    The order is for excavation, loading and transportation of pond ash to Open Cast Mines/Stone Quarries/NHAI project sites

    Read More
  • Refex Industries bags order worth Rs 20.27 crore
    20th May 2026, 15:19 PM

    The said order is expected to be completed in 6 months

    Read More
  • Refex Industries bags order worth Rs 36.50 crore
    14th May 2026, 09:29 AM

    The order is to be executed within around 40 days

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.