Results Snapshot
Figures in Cr
Consolidate Annual Results
Mar'26
Mar'25
Mar'24
Mar'23
Mar'21
Mar'20
Mar'19
Net Sales
2,276.74
2,259.43
1,382.87
1,629.15
632.66
660.74
461.05
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
2,276.74
2,259.43
1,382.87
1,629.15
632.66
660.74
461.05
Raw Material Cost
1,919.16
1,996.60
275.84
201.32
208.63
430.11
169.76
Purchase of Finished goods
0.00
0.00
910.96
1,223.97
320.66
122.94
235.71
(Increase) / Decrease In Stocks
-76.07
0.00
3.05
-2.81
-2.30
4.40
-2.36
Employee Cost
38.46
26.18
20.49
14.04
6.03
3.13
2.44
Power Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Manufacturing Expenses
-0.01
0.00
0.00
-0.01
-0.01
0.00
0.00
Selling and Distribution Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Expenses
38.01
30.49
26.43
17.99
31.98
48.82
27.23
Total Expenditure (Excl Depreciation)
1,919.55
2,053.27
1,236.77
1,454.50
564.99
609.40
432.78
Operating Profit (PBDIT) excl Other Income
357.19
206.16
146.10
174.65
67.67
51.34
28.27
Other Income
25.32
49.91
18.13
8.29
4.44
4.79
1.85
Operating Profit (PBDIT)
382.51
256.07
164.23
182.94
72.11
56.13
30.12
Interest
32.08
17.73
29.36
19.41
8.97
0.91
0.30
Exceptional Items
-38.66
-21.31
0.00
-0.25
0.00
-5.81
0.00
Gross Profit (PBDT)
350.43
238.34
134.87
163.28
63.14
49.41
29.82
Depreciation
20.00
9.90
13.54
6.89
5.29
1.39
0.96
Profit Before Tax
330.43
228.43
121.33
156.39
57.85
48.02
28.87
Tax
88.05
48.74
28.35
40.33
16.91
14.89
-2.76
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
242.38
179.70
92.98
116.06
40.94
33.13
31.63
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
-38.66
-21.31
0.00
0.00
0.00
0.00
0.00
Net Profit
203.72
158.38
92.98
116.06
40.94
33.13
31.63
Share in Profit of Associates
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Minority Interest
-0.37
0.39
0.89
0.00
0.00
0.00
0.00
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
203.35
158.78
93.87
116.06
40.94
33.13
31.63
Equity Capital
27.44
25.84
23.14
22.11
21.00
15.48
15.48
Face Value
2.0
2.0
2.0
10.0
10.0
10.0
10.0
Reserves
1,476.71
1,186.96
442.44
292.29
118.51
60.38
27.30
Earnings per share (EPS)
14.82
12.29
8.11
52.49
19.5
20.74
19.79
Diluted Earnings per share
15.07
12.33
8.36
53.84
21.73
21.37
20.44
Operating Profit Margin (Excl OI)
15.69%
9.12%
10.56%
10.72%
10.7%
7.77%
6.13%
Gross Profit Margin
15.39%
10.55%
9.75%
10.02%
9.98%
7.48%
6.47%
PAT Margin
10.65%
7.95%
6.72%
7.12%
6.47%
5.01%
6.86%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Annual Analysis Highlights
Net Sales
YoY Growth in year ended Mar 2026 is 0.77% vs 63.39% in Mar 2025
Consolidate Net Profit
YoY Growth in year ended Mar 2026 is 28.07% vs 69.15% in Mar 2025
Operating Profit (PBDIT) excl Other Income
YoY Growth in year ended Mar 2026 is 73.26% vs 41.11% in Mar 2025
Interest
YoY Growth in year ended Mar 2026 is 80.94% vs -39.61% in Mar 2025
Operating Profit Margin (Excl OI)
YoY Growth in year ended Mar 2026 has improved from Mar 2025
Compare Annual Results Of Refex Industries With
Figures in Cr
Consolidate Annual Results
Change(INR)
Change(%)
Net Sales
2,276.74
8,189.30
-5,912.56
-72.20%
Other Operating Income
0.00
0.00
0.00
Total Operating income
2,276.74
8,189.30
-5,912.56
-72.20%
Raw Material Cost
1,919.16
5,674.23
-3,755.07
-66.18%
Purchase of Finished goods
0.00
13.72
-13.72
-100.00%
(Increase) / Decrease In Stocks
-76.07
30.92
-106.99
-346.02%
Employee Cost
38.46
463.38
-424.92
-91.70%
Power Cost
0.00
0.00
0.00
Manufacturing Expenses
-0.01
0.00
-0.01
Selling and Distribution Expenses
0.00
0.00
0.00
Other Expenses
38.01
964.08
-926.07
-96.06%
Total Expenditure (Excl Depreciation)
1,919.55
7,146.33
-5,226.78
-73.14%
Operating Profit (PBDIT) excl Other Income
357.19
1,042.97
-685.78
-65.75%
Other Income
25.32
38.59
-13.27
-34.39%
Operating Profit (PBDIT)
382.51
1,081.56
-699.05
-64.63%
Interest
32.08
422.98
-390.90
-92.42%
Exceptional Items
-38.66
-25.04
-13.62
-54.39%
Gross Profit (PBDT)
350.43
633.54
-283.11
-44.69%
Depreciation
20.00
372.76
-352.76
-94.63%
Profit Before Tax
330.43
260.78
69.65
26.71%
Tax
88.05
62.74
25.31
40.34%
Provisions and contingencies
0.00
0.00
0.00
Profit After Tax
242.38
198.04
44.34
22.39%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
Other Adjustments
-38.66
0.00
-38.66
Net Profit
203.72
198.04
5.68
2.87%
Share in Profit of Associates
0.00
0.00
0.00
Minority Interest
-0.37
-0.17
-0.20
-117.65%
Other related items
0.00
0.00
0.00
Consolidated Net Profit
203.35
197.87
5.48
2.77%
Equity Capital
27.44
39.35
-11.91
-30.27%
Face Value
2.00
1.00
0.00
Reserves
1,476.71
0.00
1,476.71
Earnings per share (EPS)
14.82
5.03
9.79
194.63%
Diluted Earnings per share
15.07
5.13
9.94
193.76%
Operating Profit Margin (Excl OI)
15.69%
12.74%
0.00
2.95%
Gross Profit Margin
15.39%
7.74%
0.00
7.65%
PAT Margin
10.65%
2.42%
0.00
8.23%
Public Share Holdings (%)
0.00%
0.00%
0.00
0.00%
Pledged Promotor Holding (%)
0.00%
0.00%
0.00
0.00%
Annual - Net Sales
Net Sales 2,276.74 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 0.77% vs 63.39% in Mar 2025
Annual - Consolidate Net Profit
Consolidate Net Profit 203.35 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 28.07% vs 69.15% in Mar 2025
Annual - Operating Profit (PBDIT)
Operating Profit (PBDIT) 357.19 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 73.26% vs 41.11% in Mar 2025
Annual - Interest
Interest 32.08 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 80.94% vs -39.61% in Mar 2025
Annual - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) 15.69%
in Mar 2026Figures in %
YoY Growth in year ended Mar 2026 has improved from Mar 2025






