Valuation: Refex Industries Limited

Market Cap 36.45B 380M 330M 311M 282M 529M 533M 3.71B 1.43B 18.48B 1.43B 1.4B 59.01B P/E 2025
30.5x
P/E 2026 12.5x
Enterprise Value 34.72B 362M 314M 296M 269M 504M 508M 3.54B 1.36B 17.6B 1.36B 1.33B 56.2B EV / Sales 2025
1.94x
EV / Sales 2026 1.07x
Free-Float
74.38%
Yield 2025 *
-
Yield 2026 0.79%
Aug. 24 Refex Industries Limited Bags Contracts For Loading, Transportation And Excavation Of Fly Ash Worth INR 337 Million CI
Aug. 22 Refex Industries Limited Announces Management Changes, Effective August 22, 2026 CI
Aug. 18 Refex Industries Limited Bags Slab-Wise Rate Contract for Transportation of Ash CI
Aug. 18 Refex Industries Limited Bags Rate Contract For Ash Transportation To Construction Site Of Road Projects Of NHAI And Other Central Or State Government Road Construction Department / Authority / PMGSY Road Project CI
Aug. 14 Refex Industries Limited Bags Rate Contract for Ash Transportation to Construction Site of Road Projects of Nhai and Other Central or State Government Road Construction Department Authority Pmgsy Road Project CI
Jul. 31 Refex Industries Limited, Q1 2027 Earnings Call, Jul 30, 2026
Jul. 30 Refex Industries Limited Bags Order for Rate Contract for Ash Transportation to Road Construction Sites CI
Jul. 29 Refex Industries Limited Reports Earnings Results for the First Quarter Ended June 30, 2026 CI
Jul. 29 Refex Industries Limited Announces Redesignation of Lalitha Uthayakumar from President ? Refrigerant Gas Business to General Manager ? Accounts, Effective August 01, 2026 CI
Jul. 07 Refex Industries Limited Receives Ash Transportation Order Worth INR 209.4 Million from Maharashtra-Based Entity for Road Projects CI
Jun. 26 Refex Industries Limited Bags Order for Transportation of Ash to Construction Site of Road Projects of NHAI and Other Central or State Government Road Construction Department / Authority / Pmgsy Road Projects CI
Jun. 20 Refex Industries Limited Bags Order For Transportation Of Pond Ash To NHAI Road Projects CI
May. 29 Refex Industries Bags Transportation Order Worth INR369 Million MT
1 day-2.81%
1 week-4.08%
Current month-5.89%
1 month-10.56%
3 months-14.52%
6 months+34.25%
Current year+2.29%
1 week 264
Extreme 264
276.75
1 month 264
Extreme 264
309.4
Current year 188
Extreme 188
371.4
1 year 188
Extreme 188
415
3 years 102.42
Extreme 102.42
600
5 years 19.69
Extreme 19.69
600
10 years 2.24
Extreme 2.24
600
Manager TitleAgeSince
Chief Executive Officer 50 2006-06-20
Director of Finance/CFO 46 2024-05-31
Chief Tech/Sci/R&D Officer - 2025-08-11
Director TitleAgeSince
Chairman 50 2006-06-20
Director/Board Member 46 2016-07-26
Director/Board Member 53 2020-12-28
Change 5-day change 1-year change 3-year change Capi.($)
-2.81%-4.08% - - 391M
-1.14%+3.16%-1.42%-4.74% 5.22B
-1.46%-3.39%-21.98%-10.92% 1.2B
-1.79%-1.44%+37.00%+30.48% 822M
-2.71%-4.01%-24.52%+95.26% 391M
+0.12%-3.17% - - 323M
0.00%-1.34%-7.55%-6.37% 232M
+9.09%+16.13%+380.00%+453.85% 144M
0.00%-4.00%-8.86%-35.71% 134M
-0.30%+0.60%-7.18%+98.82% 123M
Average -0.10%-3.30%+43.19%+77.58% 954.72M
Weighted average by Cap. -1.12%-2.21%+4.59%+11.57%

Financials

2025 2026
Net sales 24.68B 257M 223M 211M 191M 358M 361M 2.51B 968M 12.51B 967M 945M 39.94B 22.77B 238M 206M 194M 176M 331M 333M 2.32B 893M 11.54B 892M 872M 36.85B
Net income 1.59B 16.57M 14.36M 13.56M 12.3M 23.05M 23.23M 162M 62.29M 805M 62.22M 60.84M 2.57B 2.03B 21.22M 18.39M 17.36M 15.75M 29.53M 29.75M 207M 79.78M 1.03B 79.69M 77.91M 3.29B
Net Debt -952M -9.93M -8.61M -8.13M -7.37M -13.82M -13.92M -96.96M -37.34M -483M -37.3M -36.47M -1.54B -1.73B -18.08M -15.67M -14.8M -13.42M -25.17M -25.35M -177M -67.99M -879M -67.92M -66.41M -2.81B
Logo Refex Industries Limited
Refex Industries Limited is an India-based specialist manufacturer and re-filler of refrigerant gases. The Company offers a range of non-ozone depleting refrigerant gases known as Hydrofluorocarbons (HFC), which are used in air conditioners, refrigerators and refrigerating equipment. It is engaged in supplying automotive air conditioning gases in disposable cans. Its segments include Ash and Coal Handling businesses; Solar Power businesses that include generation and related activities; Refrigerant gas manufacturing; sale of services; Power trading, Green Mobility and other segments. Its refrigerant gases are primarily used as refrigerants, blowing agents and aerosol propellants. It offers a full range of HFC products, which include R134a, R404a, R407c, R410a, R141b, R22, and R32. It handles and disposes fly ash and provides round the clock services for coal yard management, shifting of uncrushed coal, and housekeeping works.
Employees
522
Sector
Coal
Date Price Change Volume
26-09-15 ₹265.85 -2.81% 184,866
26-09-11 ₹273.55 +1.33% 234,110
26-09-10 ₹269.95 -1.17% 160,584
26-09-09 ₹273.15 -0.98% 177,778
26-09-08 ₹275.85 -0.47% 155,563
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