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General Industrials | Small Cap
Health Score : 8.65Refex Industries demonstrates a robust financial standing, particularly in solvency, growth, and profitability. The company exhibits a healthy ability to meet its long-term obligations and has experienced substantial growth in revenue, operating profit, and earnings per share. High profitability ratios, such as ROCE, ROE, and ROA, indicate efficient use of capital and assets. However, liquidity is mixed, with strong current and quick ratios but a concerning operating cash flow ratio. Efficiency metrics also present a mixed picture, with excellent inventory turnover but weaker performance in receivable days and capital turnover. The financial ratios indicate some challenges in earnings per share and capital expenditure management. Overall, Refex Industries shows strong potential but needs to address certain areas to ensure sustained financial health.
Health Score : 8.65Refex Industries demonstrates a robust financial standing, particularly in solvency, growth, and profitability. The company exhibits a healthy ability to meet its long-term obligations and has experienced substantial growth in revenue, operating profit, and earnings per share. High profitability ratios, such as ROCE, ROE, and ROA, indicate efficient use of capital and assets. However, liquidity is mixed, with strong current and quick ratios but a concerning operating cash flow ratio. Efficiency metrics also present a mixed picture, with excellent inventory turnover but weaker performance in receivable days and capital turnover. The financial ratios indicate some challenges in earnings per share and capital expenditure management. Overall, Refex Industries shows strong potential but needs to address certain areas to ensure sustained financial health.
Overall Valuation Score
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Price Movement Indicator
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P/E RATIO (TTM)
15.41
Industry Median
58.87
Small Cap Median
58.87
P/E RATIO
18.73
P/B RATIO
2.52
Industry Median
7.63
Small Cap Median
7.63
P/S RATIO
1.63
Industry Median
1.63
Small Cap Median
1.63
Others
PEG RATIO
0.00
EV/EBITDA RATIO
9.91
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹277.6 as on Sep 1, 2026.
Growth Score : 10.00Refex Industries demonstrates strong growth across various metrics. High revenue growth rate, operating profit growth rate, and earnings per share growth indicate robust business performance. The asset growth rate further confirms the company's expansion. This consistent growth across key indicators suggests a positive trajectory for the company's future performance.
Revenue Growth RateExcellentOperating Profit Growth RateExcellentEarnings Per Share (EPS) GrowthExcellentAsset Growth RateExcellentNet Income Growth RateExcellent| Growth Ratios | Mar 2021 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Revenue Growth Rate | -4.24 | -15.1 | 78.45 | -7.74 |
| Operating Profit Growth Rate | 33.33 | -16.57 | 43.84 | 70 |
| Earnings Per Share (EPS) Growth | 23.42 | -22.76 | 51.54 | 20.59 |
| Asset Growth Rate | 147.1 | 6.12 | 125.44 | 58.03 |
| Net Income Growth Rate | 24.24 | -19.83 | 69.89 | 29.11 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Refex Industries Ltd | 8.65 | 18.73 | Neutral | 357.00 | 18.01 | 204.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bearish
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
Concall Report⬤27th Jan 26
Q3 FY2026 Earnings Conference Call
BULLISH SENTIMENT
Quarterly Report⬤21st Jan 26
Quarterly Financial Results Q3 FY 2025–26
BULLISH SENTIMENT
Concall Report⬤6th Nov 25
Q2 FY2026 Earnings Conference Call
NEUTRAL SENTIMENT
No Stock News Available at This Moment.
Refex Industries Ltd. is a diversified Indian company primarily engaged in the refilling and marketing of refrigerant gases. It has strategically expanded its operations into key growth areas including power trading, solar power generation, and trading of coal and fly ash. The company aims to build a sustainable and diversified portfolio across energy and environmental sectors.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Refex Industries Ltd's P/E ratio (TTM) is 15.41, compared to the industry median of 58.87 and large cap median of 58.87.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Refex Industries Ltd's P/B ratio is 2.52, compared to the industry median of 7.63 and large cap median of 7.63.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Refex Industries Ltd's P/S ratio is 1.63, compared to the industry median of 1.63 and large cap median of 1.63.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Refex Industries Ltd's PEG ratio is 0.53.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Refex Industries Ltd's EV/EBITDA ratio is 9.91.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Refex Industries Ltd's ROE is 13.56%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Refex Industries Ltd's ROA is 12.56%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Refex Industries Ltd's ROCE is 22%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Refex Industries Ltd's operating margin is 15.68%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Refex Industries Ltd's net margin is 8.96%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Refex Industries Ltd's current ratio is 2.10.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Refex Industries Ltd's debt-to-equity ratio is 0.06.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Refex Industries Ltd's interest coverage ratio is 10.12.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Refex Industries Ltd's DPS is ₹0.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Refex Industries Ltd's EPS is 20.59.
(Source line: "Ratios as of 14 Oct 2026, based on last traded price of ₹277.60. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1993
Headquarters: Chennai, Tamil Nadu
Core Offerings: Refrigerant Gases, Power Trading, Solar Power Generation, Coal & Fly Ash Trading
Stock Listing: NSE (REFEX), BSE (532884)
Promoter: Kotecha Group / Mr. S. Ramamoorthy
Refex Industries Limited was incorporated in 1993, initially focusing on the refilling and marketing of refrigerant gases. In 2003, it converted to a public limited company and was subsequently listed on NSE and BSE in 2007. The company embarked on a diversification strategy, venturing into power trading in 2012 and commissioning its first solar power plant in 2013. More recently, Refex has expanded its portfolio to include coal and fly ash trading, establishing itself as a multi-faceted player in energy and environmental solutions.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Power Trading | 68% | 10% Segment Result Share |
| Refrigerant Gas | 28% | 84% Segment Result Share |
| Coal & Fly Ash Trading | 3% | 2% Segment Result Share |
| Solar Power | 1% | 4% Segment Result Share |
Refrigerant Gases: Involved in the refilling and marketing of various refrigerant gases (e.g., R-134a, R-22, R-404a), catering to HVAC, refrigeration, and automotive air conditioning sectors.
Power Trading: Engaged in the trading of electricity through Indian power exchanges, facilitating efficient energy transactions for industrial and commercial clients.
Solar Power Generation: Develops, owns, and operates solar power plants, contributing to renewable energy capacity and providing clean energy solutions.
Coal & Fly Ash Trading: Deals in the procurement and supply of coal and fly ash, serving industries such as cement, power, and construction as a raw material and by-product supplier.
Mr. S. Ramamoorthy (Managing Director): An astute leader and key promoter, he has been instrumental in steering Refex Industries' growth, diversification, and strategic expansion across its core business verticals.
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Notable recent corporate actions include a 1:1 Bonus Issue of equity shares and a 1:10 Stock Split (from face value ₹10 to ₹1) in November 2023.
The Refex Industries Ltd share price today is ₹277.60 on NSE (REFEX), as of 14 Oct 2026.
As of 14 Oct 2026, Refex Industries Ltd share price is ₹277.60, with previous close ₹277.60. Today's range is ₹277.60 to ₹277.60. The 52-week range is ₹188 to ₹371.40.
As of today, Refex Industries Ltd's market cap is ₹3,711.51 crore (Small Cap).
Refex Industries Ltd's current P/E ratio is 15.41, compared to the GENERAL INDUSTRIALS sector average of 38.
Refex Industries Ltd's current P/B ratio is 2.52.
Refex Industries Ltd's current dividend yield is N/A. Last dividend of ₹1.00 per share was declared on 14-Sep-2023.
Refex Industries Ltd's EPS (TTM) is ₹20.59.
Refex Industries Ltd. is a diversified Indian company primarily engaged in the refilling and marketing of refrigerant gases. It has strategically expanded its operations into key growth areas including power trading, solar power generation, and trading of coal and fly ash. The company aims to build a sustainable and diversified portfolio across energy and environmental sectors.
Refex Industries Ltd is promoted by Kotecha Group / Mr. S. Ramamoorthy, holding 55.85% as of 14 Oct 2026.
Refex Industries Ltd is listed on NSE (REFEX) and BSE (532884). Its next quarterly results are expected on August 2024.
Adjusted Earnings Per Share (Adjusted EPS)
Dividend Per Share (DPS)