Nifty
:
23053.10
Sensex
:
74459.53
116.35 (0.51%)
308.49 (0.42%)
Nifty
Sensex
:
:
23053.10
74459.53
116.35 (0.51%)
308.49 (0.42%)

Refex Industries Ltd.

Industrial Gases & Fuels

Rating :
55/99

BSE: 532884 | NSE: REFEX

NSE BSE
212.05
30-Oct-2026
  • Open
  • High
  • Low
  • Previous Close
  •  222.5
  •  222.5
  •  209
  •  222.30
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  372088
  •  79515935.75
  •  382
  •  188

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 2,912.68
  • 11.26
  • 2
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 2,663.85
  • 0.71%
  • 1.82

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 56.56%
  • 7.04%
  • 32.52%
  • FII
  • DII
  • Others
  • 0.55%
  • 0.12%
  • 3.21%

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
  • 12.87
  • 18.53
  • 24.12

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 3.24
  • 3.90
  • 4.64

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 10.27
  • 12.30
  • 16.43

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Sep 26
Sep 25
Var%
Jun 26
Jun 25
Var%
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Net Sales
761.32
414.69
83.59%
916.30
351.86
160.42%
934.17
594.48
57.14%
576.01
686.04
-16.04%
Expenses
659.37
343.67
91.86%
809.35
314.98
156.95%
774.65
534.34
44.97%
486.25
632.88
-23.17%
EBITDA
101.95
71.03
43.53%
106.95
36.88
189.99%
159.52
60.14
165.25%
89.76
53.16
68.85%
EBIDTM
13.39%
17.13%
11.67%
10.48%
17.08%
10.12%
15.58%
7.75%
Other Income
2.04
5.20
-60.77%
12.35
10.38
18.98%
3.94
16.00
-75.38%
5.80
24.55
-76.37%
Interest
16.93
6.62
155.74%
12.92
6.17
109.40%
10.15
5.15
97.09%
9.14
4.70
94.47%
Depreciation
6.40
4.95
29.29%
5.83
4.68
24.57%
5.33
3.02
76.49%
5.04
2.63
91.63%
PBT
80.67
64.66
24.76%
100.55
36.42
176.08%
147.98
67.96
117.75%
81.38
70.38
15.63%
Tax
21.12
18.81
12.28%
26.02
7.20
261.39%
42.00
7.26
478.51%
20.04
11.98
67.28%
PAT
59.55
45.85
29.88%
74.53
29.22
155.07%
105.97
60.70
74.58%
61.34
58.40
5.03%
PATM
7.82%
11.06%
8.13%
8.30%
11.34%
10.21%
10.65%
8.51%
EPS
3.65
2.90
25.86%
4.65
1.64
183.54%
6.62
3.74
77.01%
3.93
3.88
1.29%

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
3,187.80
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
55.73%
0.77%
63.39%
-15.12%
157.51%
-4.25%
43.31%
499.86%
103.76%
-51.61%
 
Cost Of Goods Sold
2,628.84
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
558.96
433.65
262.83
203.02
240.84
105.88
103.45
57.99
19.88
17.92
18.05
GP Margin
17.53%
19.05%
11.63%
14.68%
14.78%
16.74%
15.66%
12.58%
25.87%
47.51%
23.16%
Total Expenditure
2,729.62
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
458.18
361.68
206.16
145.98
174.65
67.67
51.34
28.27
1.73
2.19
2.64
EBITDA Margin
14.37%
15.89%
9.12%
10.56%
10.72%
10.70%
7.77%
6.13%
2.25%
5.81%
3.39%
Other Income
24.13
25.32
49.91
18.26
8.29
4.44
4.79
1.85
2.04
1.69
0.04
Interest
49.14
36.56
17.73
29.36
19.41
8.97
0.91
0.30
1.21
2.56
1.34
Depreciation
22.60
20.00
9.90
13.54
6.89
5.29
1.39
0.96
0.83
0.79
1.02
PBT
410.58
330.43
228.43
121.33
156.63
57.85
53.83
28.87
1.73
0.53
0.32
Tax
109.18
88.05
48.74
28.35
40.33
16.91
14.89
-2.76
0.80
0.07
-5.00
Tax Rate
26.59%
26.65%
21.34%
23.37%
25.79%
29.23%
31.01%
-9.56%
46.24%
13.21%
-1612.90%
PAT
301.39
242.38
179.70
92.98
116.06
40.94
33.13
31.63
0.94
0.46
5.31
PAT before Minority Interest
297.61
242.38
179.70
92.98
116.06
40.94
33.13
31.63
0.94
0.46
5.31
Minority Interest
-3.78
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
PAT Margin
9.45%
10.65%
7.95%
6.72%
7.12%
6.47%
5.01%
6.86%
1.22%
1.22%
6.81%
PAT Growth
55.22%
34.88%
93.27%
-19.89%
183.49%
23.57%
4.74%
3,264.89%
104.35%
-91.34%
 
EPS
21.97
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

Top Investors:

llp

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 - Quarterly Results
    29th Oct 2026, 00:00 AM

    Read More
  • Refex Industries bags slab-wise rate contract worth Rs 31.45 crore
    22nd Oct 2026, 09:16 AM

    The slab-wise rate contract shall be valid for a period of one year

    Read More
  • Refex Industries secures Rs 32.44 crore ash transportation contract
    17th Oct 2026, 16:01 PM

    The rate contract shall be valid for a period of one year

    Read More
  • Refex Industries commences RMC business
    25th Sep 2026, 15:29 PM

    The RMC business involves the production and supply of ready-mix concrete for residential, commercial, industrial and infrastructure projects

    Read More
  • Refex Industries bags contract worth Rs 160 crore
    19th Sep 2026, 16:50 PM

    The contract is for a period of 18 months extendable with mutual consent

    Read More
  • Refex Industries bags two contracts worth Rs 33.70 crore
    25th Aug 2026, 11:50 AM

    Both contracts are to be executed within 120 days

    Read More
  • Refex Industries secures contract worth Rs 40.42 crore
    19th Aug 2026, 10:11 AM

    The order is to be executed within 12 months

    Read More
  • Refex Industries bags contract worth Rs 40.83 crore
    14th Aug 2026, 15:19 PM

    The contract is to be executed within 12 months

    Read More
  • 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

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.