ScoreWhy is Refex Industries Ltd ?
1
Strong ability to service debt as the company has a low Debt to EBITDA ratio of 0.63 times
2
Healthy long term growth as Net Sales has grown by an annual rate of 28.71% and Operating profit at 59.51%
3
Positive results in Mar 26
- PBT LESS OI(Q) At Rs 155.57 cr has Grown at 140.30%
- ROCE(HY) Highest at 23.21%
- NET SALES(Q) At Rs 934.17 cr has Grown at 57.14%
4
With ROE of 15.4, it has a Attractive valuation with a 3 Price to Book Value
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -22.70%, its profits have risen by 29.5% ; the PEG ratio of the company is 0.9
5
43.51% of Promoter Shares are Pledged
- In falling markets, high promoter pledged shares puts additional downward pressure on the stock prices
- The proportion of pledged holdings has increased by 2.22% over the last quarter
6
Underperformed the market in the last 1 year
- Even though the market (BSE500) has generated returns of 1.01% in the last 1 year, the stock has hugely underperformed and has generate negative returns of -22.70% returns
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Refex Industries should be less than 10%
- Overall Portfolio exposure to Other Chemical products should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Other Chemical products)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Refex Industries for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Refex Industries
-22.58%
-0.41
55.47%
Sensex
-4.43%
-0.34
13.54%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
28.71%
EBIT Growth (5y)
59.51%
EBIT to Interest (avg)
8.01
Debt to EBITDA (avg)
1.27
Net Debt to Equity (avg)
-0.11
Sales to Capital Employed (avg)
1.76
Tax Ratio
26.64%
Dividend Payout Ratio
0
Pledged Shares
43.51%
Institutional Holding
1.31%
ROCE (avg)
20.38%
ROE (avg)
20.53%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
19
Industry P/E
22
Price to Book Value
3.00
EV to EBIT
12.87
EV to EBITDA
12.14
EV to Capital Employed
3.25
EV to Sales
1.90
PEG Ratio
0.89
Dividend Yield
0.45%
ROCE (Latest)
25.25%
ROE (Latest)
15.43%
Loading Valuation Snapshot...
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bearish
Moving Averages
Bullish (Daily)
KST
Bullish
Mildly Bearish
Dow Theory
Mildly Bearish
Mildly Bullish
OBV
Mildly Bearish
Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend22What is working for the Company
PBT LESS OI(Q)
At Rs 155.57 cr has Grown at 140.30%
ROCE(HY)
Highest at 23.21%
NET SALES(Q)
At Rs 934.17 cr has Grown at 57.14%
OPERATING PROFIT TO INTEREST(Q)
Highest at 15.72 times
PAT(Q)
At Rs 99.08 cr has Grown at 65.9%
CASH AND CASH EQUIVALENTS(HY)
Highest at Rs 393.35 cr
PBDIT(Q)
Highest at Rs 159.52 cr.
EPS(Q)
Highest at Rs 6.62
-9What is not working for the Company
DEBTORS TURNOVER RATIO(HY)
Lowest at 2.58 times
INTEREST(Q)
Highest at Rs 10.15 cr
Loading Valuation Snapshot...
Here's what is working for Refex Industries
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 155.57 cr has Grown at 140.30%
Year on Year (YoY)MOJO Watch
Near term PBT trend is very positive
PBT less Other Income (Rs Cr)
Net Sales - Quarterly
At Rs 934.17 cr has Grown at 57.14%
Year on Year (YoY)MOJO Watch
Near term sales trend is very positive
Net Sales (Rs Cr)
Operating Profit to Interest - Quarterly
Highest at 15.72 times
in the last five quartersMOJO Watch
The company's ability to manage interest payments is improving
Operating Profit to Interest
Profit After Tax (PAT) - Quarterly
At Rs 99.08 cr has Grown at 65.9%
Year on Year (YoY)MOJO Watch
Near term PAT trend is very positive
PAT (Rs Cr)
Net Sales - Quarterly
Highest at Rs 934.17 cr
in the last five quartersMOJO Watch
Near term sales trend is positive
Net Sales (Rs Cr)
Operating Profit (PBDIT) - Quarterly
Highest at Rs 159.52 cr.
in the last five quartersMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (Rs Cr)
Profit Before Tax less Other Income (PBT) - Quarterly
Highest at Rs 155.57 cr.
in the last five quartersMOJO Watch
Near term PBT trend is positive
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Quarterly
Highest at Rs 99.08 cr.
in the last five quartersMOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Earnings per Share (EPS) - Quarterly
Highest at Rs 6.62
in the last five quartersMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (Rs)
Cash and Cash Equivalents - Half Yearly
Highest at Rs 393.35 cr
in the last six half yearly periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Here's what is not working for Refex Industries
Interest - Quarterly
Highest at Rs 10.15 cr
in the last five quarters and Increased by 11.05 % (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (Rs cr)
Debtors Turnover Ratio- Half Yearly
Lowest at 2.58 times
in the last five half yearly periodsMOJO Watch
Company's pace of settling its Debtors has slowed
Debtors Turnover Ratio
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