Nifty

:

11600.20

Sensex

:

39090.03

326.00 (2.89%)
1075.41 (2.83%)

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Nifty
Sensex

:
:

11600.20
39090.03

326.00 (2.89%)
1075.41 (2.83%)

Refex Industries Ltd.

Industrial Gases & Fuels

Rating :

64/99

BSE: 532884 | NSE: REFEX

Watchlist

NSE BSE

64.60

23-Sep-2019

Open
High
Low
Previous Close

66.20
70.95
64.60
68.00

Volume
Traded Value (lacs)
52 Week High
52 Week Low

182647
123.08
133.55
14.00

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

104.38
2.63
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

139.48
N/A
2.03

Chart

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

Revenue CAGR (%)

10 Years
5 Years
3 Years

-1.51
25.67
-0.47

EBITDA CAGR (%)

10 Years
5 Years
3 Years

-13.62
-5.93
-7.48

PAT CAGR (%)

10 Years
5 Years
3 Years

-8.19
-4.45
-43.89

P:E (Median)

8 Years
5 Years
3 Years

4.57
7.81
9.60

P:BV (Average)

8 Years
5 Years
3 Years

3.80
3.48
2.47

EV:EBITDA (Average)

8 Years
5 Years
3 Years

7.79
11.49
12.26

Quarterly Results

Standalone Figures in Rs. Crores /

Consolidated

Description Jun 19 Jun 18 Var% Mar 19 Mar 18 Var% Dec 18 Dec 17 Var% Sep 18 Sep 17 Var%
Net Sales 139.27 23.01 505.26% 207.19 28.89 617.17% 168.94 5.51 2,966.06% 61.91 7.01 783.17%
Expenses 129.26 22.51 474.23% 192.45 29.92 543.22% 159.52 6.97 2,188.67% 58.30 6.25 832.80%
EBITDA 10.00 0.50 1,900.00% 14.74 -1.04 - 9.43 -1.46 - 3.61 0.77 368.83%
EBIDTM 7.18% 2.17% 7.11% -3.59% 5.58% -26.58% 5.83% 10.94%
Other Income 1.03 0.46 123.91% 0.43 0.73 -41.10% 0.43 0.68 -36.76% 0.54 0.61 -11.48%
Interest 0.02 0.05 -60.00% 0.10 0.04 150.00% 0.01 0.55 -98.18% 0.14 0.55 -74.55%
Depreciation 0.24 0.22 9.09% 0.25 0.20 25.00% 0.27 0.22 22.73% 0.23 0.21 9.52%
PBT 10.77 0.69 1,460.87% 14.82 -0.55 - 9.58 -1.56 - 3.78 0.62 509.68%
Tax 2.07 0.00 0.00 -2.76 0.80 - 0.00 0.00 0.00 0.00 0.00 0.00
PAT 8.70 0.69 1,160.87% 17.58 -1.35 - 9.58 -1.56 - 3.78 0.62 509.68%
PATM 6.25% 3.02% 8.49% -4.67% 5.67% -28.24% 6.11% 8.84%
EPS 5.62 0.45 1,148.89% 11.36 -0.87 - 6.19 -1.00 - 2.44 0.40 510.00%

Description Jun 19 Jun 18 Var% Mar 19 Mar 18 Var% Dec 18 Dec 17 Var% Sep 18 Sep 17 Var%
Net Sales 139.27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses 129.26 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBITDA 10.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIDTM 7.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Other Income 1.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.24 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PBT 10.77 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Tax 2.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PAT 8.70 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PATM 6.25% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS 5.62 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Jun 10 Mar 09
Net Sales 577.31 76.86 37.72 77.95 84.66 24.52 16.93 41.92 80.15 51.64 89.46 Net Sales Growth 796.17% 103.76% -51.61% -7.93% 245.27% 44.83% -59.61% -47.70% 55.21% -42.28% Cost Of Goods Sold 495.75 56.98 19.80 59.90 64.10 8.43 2.11 49.21 63.15 29.31 73.76 Gross Profit 81.56 19.88 17.92 18.05 20.57 16.10 14.82 -7.30 17.00 22.33 15.70 GP Margin 14.13% 25.87% 47.51% 23.16% 24.30% 65.66% 87.54% -17.41% 21.21% 43.24% 17.55% Total Expenditure 539.53 75.07 35.53 75.31 79.10 22.09 24.65 59.61 68.68 59.76 81.72 Power & Fuel Cost - 0.07 0.08 0.07 0.07 0.04 0.06 0.12 0.12 0.19 0.22 % Of Sales - 0.09% 0.21% 0.09% 0.08% 0.16% 0.35% 0.29% 0.15% 0.37% 0.25% Employee Cost - 1.02 0.55 0.17 0.13 0.14 0.20 0.97 1.24 1.71 1.32 % Of Sales - 1.33% 1.46% 0.22% 0.15% 0.57% 1.18% 2.31% 1.55% 3.31% 1.48% Manufacturing Exp. - 1.15 0.91 0.05 0.24 0.16 0.35 0.95 2.21 4.35 3.06 % Of Sales - 1.50% 2.41% 0.06% 0.28% 0.65% 2.07% 2.27% 2.76% 8.42% 3.42% General & Admin Exp. - 15.21 13.96 14.80 14.37 13.07 12.75 6.86 0.83 2.32 2.07 % Of Sales - 19.79% 37.01% 18.99% 16.97% 53.30% 75.31% 16.36% 1.04% 4.49% 2.31% Selling & Distn. Exp. - 0.48 0.16 0.23 0.17 0.14 0.13 0.12 0.65 0.88 0.84 % Of Sales - 0.62% 0.42% 0.30% 0.20% 0.57% 0.77% 0.29% 0.81% 1.70% 0.94% Miscellaneous Exp. - 0.17 0.05 0.09 0.03 0.11 9.05 1.37 0.49 21.00 0.84 % Of Sales - 0.22% 0.13% 0.12% 0.04% 0.45% 53.46% 3.27% 0.61% 40.67% 0.50% EBITDA 37.78 1.79 2.19 2.64 5.56 2.43 -7.72 -17.69 11.47 -8.12 7.74 EBITDA Margin 6.54% 2.33% 5.81% 3.39% 6.57% 9.91% -45.60% -42.20% 14.31% -15.72% 8.65% Other Income 2.43 2.04 1.69 0.04 0.05 3.50 0.24 0.76 2.24 1.06 1.16 Interest 0.27 1.21 2.56 1.34 0.03 2.41 0.62 3.42 3.95 6.51 3.20 Depreciation 0.99 0.83 0.79 1.02 2.49 2.34 3.16 2.94 2.53 1.90 2.37 PBT 38.95 1.79 0.53 0.32 3.09 1.19 -11.26 -23.30 7.23 -15.47 3.34 Tax -0.69 0.80 0.07 -5.00 0.00 0.00 0.00 0.00 0.00 0.90 1.13 Tax Rate -1.77% 45.98% 13.21% -1612.90% 0.00% 0.00% 0.00% 0.00% 0.00% -5.82% 33.83% PAT 39.64 0.94 0.46 5.32 3.05 1.18 -15.66 -23.41 7.23 -16.37 2.21 PAT before Minority Interest 39.64 0.94 0.46 5.32 3.05 1.18 -15.66 -23.41 7.23 -16.37 2.21 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 6.87% 1.22% 1.22% 6.82% 3.60% 4.81% -92.50% -55.84% 9.02% -31.70% 2.47% PAT Growth 2,577.50% 104.35% -91.35% 74.43% 158.47% - - - - - Unadjusted EPS 25.61 0.61 0.30 3.44 1.97 0.76 -10.12 -15.13 4.67 0.00 143.00

Description TTM Mar 18 Mar 17 Mar 16 Mar 15 Mar 14
Net Sales - 76.86 37.72 77.95 84.66 24.52 Net Sales Growth - 103.76% -51.61% -7.93% 245.27% Cost Of Goods Sold - 56.98 19.80 59.90 64.10 8.43 Gross Profit - 19.88 17.92 18.05 20.57 16.10 GP Margin - 25.87% 47.51% 23.16% 24.30% 65.66% Total Expenditure - 75.08 35.53 75.31 79.13 22.09 Power & Fuel Cost - 0.07 0.08 0.07 0.07 0.04 % Of Sales - 0.09% 0.21% 0.09% 0.08% 0.16% Employee Cost - 1.02 0.55 0.17 0.13 0.14 % Of Sales - 1.33% 1.46% 0.22% 0.15% 0.57% Manufacturing Exp. - 1.15 0.91 0.05 0.24 0.16 % Of Sales - 1.50% 2.41% 0.06% 0.28% 0.65% General & Admin Exp. - 15.21 13.97 14.80 14.37 13.07 % Of Sales - 19.79% 37.04% 18.99% 16.97% 53.30% Selling & Distn. Exp. - 0.48 0.16 0.23 0.17 0.14 % Of Sales - 0.62% 0.42% 0.30% 0.20% 0.57% Miscellaneous Exp. - 0.17 0.05 0.09 0.05 0.11 % Of Sales - 0.22% 0.13% 0.12% 0.06% 0.45% EBITDA - 1.78 2.19 2.64 5.53 2.43 EBITDA Margin - 2.32% 5.81% 3.39% 6.53% 9.91% Other Income - 2.04 1.69 0.04 0.05 3.50 Interest - 1.21 2.56 1.34 0.03 2.41 Depreciation - 0.83 0.79 1.02 2.49 2.34 PBT - 1.79 0.53 0.32 3.07 1.19 Tax - 0.80 0.07 -5.00 0.00 0.00 Tax Rate - 45.98% 13.21% -1612.90% 0.00% 0.00% PAT - 0.94 0.46 5.31 3.02 1.18 PAT before Minority Interest - 0.94 0.46 5.31 3.02 1.18 Minority Interest - 0.00 0.00 0.00 0.00 0.00 PAT Margin - 1.22% 1.22% 6.81% 3.57% 4.81% PAT Growth - 104.35% -91.34% 75.83% 155.93% Unadjusted EPS - 0.61 0.29 3.43 1.95 0.76

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Jun 10 Mar 09
Shareholder's Funds 11.14 10.20 9.74 4.42 1.37 0.19 15.85 39.26 32.03 48.40 Share Capital 15.48 15.48 15.48 15.48 15.48 15.48 15.48 15.48 15.48 15.48 Total Reserves -4.33 -5.28 -5.74 -11.06 -14.10 -15.28 0.37 23.78 16.55 32.92 Non-Current Liabilities 41.44 35.84 -0.34 4.89 4.74 7.28 9.05 9.32 44.08 45.72 Secured Loans 0.60 0.60 0.06 0.06 0.13 2.42 4.17 4.35 28.29 27.53 Unsecured Loans 34.94 34.36 0.00 0.00 0.00 0.00 0.00 0.00 11.48 14.15 Long Term Provisions 0.31 0.31 0.29 0.29 0.00 0.00 0.00 0.00 0.00 0.00 Current Liabilities 45.36 13.42 107.75 60.69 29.19 45.69 46.83 56.17 15.74 12.89 Trade Payables 41.41 8.47 62.71 49.41 7.42 6.85 7.95 17.02 11.95 12.15 Other Current Liabilities 3.52 4.53 7.85 1.79 4.98 5.41 4.02 4.99 3.05 0.02 Short Term Borrowings 0.00 0.00 36.76 9.06 11.20 27.79 29.22 28.59 0.00 0.00 Short Term Provisions 0.43 0.43 0.43 0.43 5.59 5.64 5.64 5.58 0.74 0.72 Total Liabilities 97.94 59.46 117.15 70.00 35.30 53.16 71.73 104.75 91.85 107.01 Net Block 14.31 14.60 15.04 15.84 17.13 32.59 40.27 39.38 42.00 35.70 Gross Block 28.20 27.92 27.58 27.41 26.44 42.24 47.87 45.90 46.00 37.83 Accumulated Depreciation 13.89 13.31 12.53 11.57 9.31 9.66 7.60 6.53 3.99 2.13 Non Current Assets 19.87 18.97 17.62 16.68 23.29 38.33 46.08 48.98 42.59 54.29 Capital Work in Progress 0.00 0.00 0.00 0.00 0.47 0.00 0.00 0.12 0.11 0.00 Non Current Investment 0.05 0.06 0.06 0.06 0.24 0.24 0.23 0.48 0.48 18.60 Long Term Loans & Adv. 4.01 1.92 1.73 0.78 5.45 5.50 5.57 9.00 0.00 0.00 Other Non Current Assets 1.49 2.40 0.79 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Current Assets 78.08 40.49 99.53 53.31 12.02 14.83 25.21 55.76 47.62 51.12 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 5.23 1.22 1.21 0.62 4.03 3.61 3.48 12.97 14.11 5.32 Sundry Debtors 36.51 8.98 80.26 49.88 4.34 7.78 19.03 35.58 22.26 32.43 Cash & Bank 0.69 0.76 0.25 0.62 1.20 1.13 0.28 1.76 1.28 1.53 Other Current Assets 35.64 1.56 0.00 1.28 2.45 2.31 2.43 5.45 9.98 11.84 Short Term Loans & Adv. 34.40 27.96 17.81 0.91 0.76 0.24 0.32 5.45 9.98 11.84 Net Current Assets 32.71 27.06 -8.23 -7.38 -17.17 -30.86 -21.62 -0.41 31.88 38.23 Total Assets 97.95 59.46 117.15 69.99 35.31 53.16 71.73 104.74 91.84 107.00

Description Mar 18 Mar 17 Mar 16 Mar 15 Mar 14
Shareholder's Funds 11.10 10.16 9.71 4.39 1.37 Share Capital 15.48 15.48 15.48 15.48 15.48 Total Reserves -4.38 -5.31 -5.77 -11.08 -14.10 Non-Current Liabilities 41.44 35.84 -0.34 4.89 4.74 Secured Loans 0.60 0.60 0.06 0.06 0.13 Unsecured Loans 34.94 34.36 0.00 0.00 0.00 Long Term Provisions 0.31 0.31 0.29 0.29 0.00 Current Liabilities 45.36 13.43 107.75 60.69 29.19 Trade Payables 41.41 8.47 62.71 49.41 7.42 Other Current Liabilities 3.52 4.53 7.85 1.79 4.98 Short Term Borrowings 0.00 0.00 36.76 9.06 11.20 Short Term Provisions 0.43 0.43 0.43 0.43 5.59 Total Liabilities 97.90 59.43 117.12 69.97 35.30 Net Block 14.31 14.60 15.04 15.84 17.13 Gross Block 28.20 27.92 27.58 27.41 26.44 Accumulated Depreciation 13.89 13.31 12.53 11.57 9.31 Non Current Assets 19.82 18.92 17.59 16.63 23.29 Capital Work in Progress 0.00 0.00 0.00 0.00 0.47 Non Current Investment 0.00 0.01 0.01 0.01 0.24 Long Term Loans & Adv. 4.01 1.92 1.75 0.78 5.45 Other Non Current Assets 1.49 2.40 0.79 0.00 0.00 Current Assets 78.09 40.50 99.53 53.34 12.02 Current Investments 0.00 0.00 0.00 0.00 0.00 Inventories 5.23 1.22 1.21 0.62 4.03 Sundry Debtors 36.51 8.98 80.26 49.88 4.34 Cash & Bank 0.70 0.77 0.25 0.62 1.20 Other Current Assets 35.65 1.56 0.00 1.28 2.45 Short Term Loans & Adv. 34.41 27.97 17.81 0.94 0.76 Net Current Assets 32.72 27.08 -8.23 -7.35 -17.17 Total Assets 97.91 59.42 117.12 69.97 35.31

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Jun 10 Mar 09
Cash From Operating Activity -3.22 4.17 -24.58 -2.37 8.79 11.63 2.47 8.32 17.43 -3.23 PBT 1.74 0.53 0.31 3.05 1.18 -13.12 -23.41 7.23 4.06 3.34 Adjustment 0.76 1.65 2.34 2.51 4.63 14.66 6.84 5.90 9.15 4.69 Changes in Working Capital -5.72 1.99 -27.23 -7.93 2.98 10.09 19.04 -4.82 4.22 -9.97 Cash after chg. in Working capital -3.22 4.17 -24.58 -2.37 8.79 11.63 2.47 8.32 17.43 -1.95 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1.28 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 -0.48 -0.47 -1.95 4.10 12.70 -4.32 -1.00 0.08 -23.85 -16.14 Net Fixed Assets -0.28 -0.34 -0.17 -0.50 15.33 5.63 -1.85 0.09 -8.28 0.67 Net Investments 0.01 0.00 0.00 0.18 0.00 -0.01 0.25 0.00 18.12 -17.07 Others -0.21 -0.13 -1.78 4.42 -2.63 -9.94 0.60 -0.01 -33.69 0.26 Cash from Financing Activity 3.64 -3.18 26.15 -2.30 -21.42 -6.46 -2.95 -7.91 6.16 19.55 Net Cash Inflow / Outflow -0.07 0.52 -0.38 -0.58 0.07 0.85 -1.48 0.49 -0.26 0.19 Opening Cash & Equivalents 0.76 0.25 0.62 1.20 1.13 0.28 1.76 1.28 1.53 1.34 Closing Cash & Equivalent 0.69 0.76 0.25 0.62 1.20 1.13 0.28 1.76 1.28 1.53

Description Mar 18 Mar 17 Mar 16 Mar 15 Mar 14
Cash From Operating Activity -3.22 4.15 -24.56 -3.12 8.79 PBT 1.73 0.53 0.31 3.02 1.18 Adjustment 0.76 1.65 2.34 2.51 4.63 Changes in Working Capital -5.72 1.98 -27.20 -8.66 2.98 Cash after chg. in Working capital -3.22 4.15 -24.56 -3.12 8.79 Interest Paid 0.00 0.00 0.00 0.00 0.00 Tax Paid 0.00 0.00 0.00 0.00 0.00 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -0.48 -0.45 -1.97 4.15 12.70 Net Fixed Assets -0.28 -0.34 -0.17 -0.50 Net Investments 0.01 0.00 0.00 0.18 Others -0.21 -0.11 -1.80 4.47 Cash from Financing Activity 3.64 -3.18 26.15 -1.60 -21.42 Net Cash Inflow / Outflow -0.07 0.52 -0.38 -0.58 0.07 Opening Cash & Equivalents 0.77 0.25 0.62 1.20 1.13 Closing Cash & Equivalent 0.70 0.77 0.25 0.62 1.20

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Jun 10 Mar 09
Book Value (Rs.) 7.20 6.59 6.29 2.85 0.89 0.12 9.96 25.37 19.64 30.24 ROA 1.20% 0.52% 5.68% 5.78% 2.67% -25.07% -26.53% 7.35% -16.46% 2.43% ROE 8.83% 4.65% 75.17% 105.23% 150.92% -200.76% -85.65% 20.76% -42.41% 4.74% ROCE 6.40% 6.74% 5.49% 23.32% 15.36% -35.54% -32.04% 15.50% -11.30% 8.58% Fixed Asset Turnover 2.76 1.37 2.84 3.17 0.74 0.38 0.92 1.79 1.35 2.99 Receivable days 107.31 427.08 304.59 116.06 86.49 287.68 232.12 128.19 176.63 97.08 Inventory Days 15.21 11.64 4.28 9.96 54.53 76.03 69.92 60.01 62.73 14.73 Payable days 7.74 20.93 3.82 0.00 0.00 0.00 0.00 31.17 113.48 36.60 Cash Conversion Cycle 114.78 417.79 305.05 126.02 141.02 363.71 302.03 157.03 125.87 75.21 Total Debt/Equity 3.21 3.43 3.78 2.08 8.31 176.05 2.29 0.89 1.31 0.89 Interest Cover 2.44 1.21 1.24 105.02 1.49 -24.42 -5.85 2.83 -1.38 2.04

Description Mar 18 Mar 17 Mar 16 Mar 15 Mar 14
Book Value (Rs.) 7.17 6.57 6.27 2.84 0.89 ROA 1.19% 0.52% 5.68% 5.74% 3.34% ROE 8.82% 4.59% 75.40% 104.82% 86.01% ROCE 6.39% 6.73% 5.48% 23.15% 28.11% Fixed Asset Turnover 2.76 1.37 2.84 3.17 0.97 Receivable days 107.31 427.08 304.59 116.06 61.87 Inventory Days 15.21 11.64 4.28 9.96 57.55 Payable days 7.74 20.93 3.82 0.00 0.00 Cash Conversion Cycle 114.78 417.79 305.05 126.02 119.42 Total Debt/Equity 3.22 3.44 3.79 2.09 8.31 Interest Cover 2.43 1.21 1.23 104.00 1.49

Annual Reports:

News Update:

Refex Industries - Quarterly Results
14th Aug 2019, 20:46 PM

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.

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