Refex Industries

Why is Refex Industries Ltd falling/rising?

As of 06-Aug, Refex Industries Ltd's stock price is at 298.85, reflecting a decline of 0.76%. The stock has underperformed significantly over the past month and year, despite strong fundamentals, indicating reduced investor interest.

As of 06-Aug, Refex Industries Ltd's stock price is falling, currently at 298.85, which reflects a decrease of 2.3 or 0.76%. The stock has underperformed its sector by 0.68% today and has been on a consecutive decline for the last two days, resulting in a total drop of 2.72% during this period. <BR><BR>In terms of performance over different time frames, the stock has seen a significant decline of 15.01% over the past month and a staggering 29.66% over the past year, while the benchmark Sensex has shown positive returns in the same periods. Additionally, investor participation has decreased, with delivery volume falling by 35.62% compared to the 5-day average, indicating reduced interest from investors.<BR><BR>Despite these negative trends, the company has strong fundamentals, including a low Debt to EBITDA ratio of 0.63 times and impressive growth in net sales and operating profit. However, the current market sentiment appears to be weighing heavily on the stock, leading to its recent price decline.

Which are the latest news on Refex Industries?

Are Refex Industries Ltd latest results good or bad?

Refex Industries Ltd's latest results show strong year-on-year growth, with net sales up 160.42% and net profit up 201.37%. However, sequential declines in both sales and profit, along with a significant drop in operating margins, raise concerns about the sustainability of this growth.

Refex Industries Ltd's latest results present a mixed picture. On one hand, the company achieved impressive year-on-year growth, with net sales soaring by 160.42% to ₹916.31 crores and net profit increasing by 201.37% to ₹63.80 crores in Q1 FY27. These figures indicate strong demand for refrigerant gases, particularly in the growing air conditioning and refrigeration markets.<BR><BR>However, when looking at the sequential performance, there are significant concerns. Both net sales and net profit declined compared to the previous quarter, with net sales down by 1.91% and net profit falling by 29.75%. Additionally, the operating margin saw a sharp decrease of 541 basis points from the previous quarter, indicating potential challenges in cost management or pricing pressures.<BR><BR>Overall, while the year-on-year growth figures are commendable, the sequential declines and margin compression raise questions about the sustainability of this growth. Investors should be cautious and monitor upcoming quarters for signs of recovery in margins and overall performance.

Should I buy, sell or hold Refex Industries Ltd?

When is the next results date for Refex Industries Ltd?

Refex Industries Ltd will announce its results on 29 July 2026.

Refex Industries Ltd is scheduled to declare its results on 29 July 2026.

How big is Refex Industries?

As of 10th June, Refex Industries Ltd has a market capitalization of 4,270.00 Cr, with recent net sales of 2,290.88 Cr and a net profit of 203.35 Cr.

As of 10th June, Refex Industries Ltd has a market capitalization of 4,270.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, Refex Industries reported Net Sales of 2,290.88 Cr and a Net Profit of 203.35 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 1,212.79 Cr and Total Assets valued at 1,785.84 Cr.

Who are in the management team of Refex Industries?

The management team of Refex Industries includes T Anil Jain (Chairman & Managing Director), Dinesh Kumar Agarwal (Director), T. Ramesh Dugar (Independent Director), Pillappan Amalanathan (Independent Director), and Susmitha Siripurapu (Director).

The management team of Refex Industries includes the following individuals:<BR><BR>1. T Anil Jain - Chairman & Managing Director<BR>2. Dinesh Kumar Agarwal - Director<BR>3. T. Ramesh Dugar - Independent Director<BR>4. Pillappan Amalanathan - Independent Director<BR>5. Susmitha Siripurapu - Director<BR><BR>If you need more details about their roles or the company's operations, feel free to ask!

Who are the peers of the Refex Industries?

Refex Industries' peers include Solar Industries, Linde India, PCBL Chemical, and others. In terms of management risk, growth, and capital structure, Solar Industries stands out with excellent ratings, while Refex Industries has average management risk and a 1-year return of -38.02%.

Peers: The peers of Refex Industries are Solar Industries, Linde India, PCBL Chemical, Prem. Explosives, Ellen.Indl.Gas, Stallion India, GOCL Corpn., Keltech Energies, and Monolithisch Ind.<BR><BR>Quality Snapshot: Excellent management risk is observed at Solar Industries, while Good management risk is found at Linde India and PCBL Chemical, and Average management risk is present at Refex Industries, Prem. Explosives, Ellen.Indl.Gas, GOCL Corpn., Keltech Energies, and Monolithisch Ind. Excellent growth is noted at Solar Industries and Refex Industries, while Good growth is seen at PCBL Chemical, Prem. Explosives, Stallion India, and Keltech Energies, and Average growth is found at Ellen.Indl.Gas and GOCL Corpn. Excellent capital structure is observed at Solar Industries and Linde India, while Good capital structure is present at Refex Industries, Prem. Explosives, Ellen.Indl.Gas, Stallion India, and Keltech Energies, and Below Average capital structure is noted at GOCL Corpn.<BR><BR>Return Snapshot: Stallion India has the highest 1-year return at 170.20%, while PCBL Chemical has the lowest at -31.44%. Refex Industries' 1-year return of -38.02% is lower than both of these peers. Additionally, Ellen.Indl.Gas and Refex Industries have negative six-month returns.

What does Refex Industries do?

Refex Industries Ltd specializes in refilling eco-friendly refrigerant gases (HFCs) and reported net sales of 934 Cr and a net profit of 91 Cr for March 2026. The company, incorporated in 2002, has a market cap of INR 4,270 Cr and key metrics include a P/E of 18.00 and a return on equity of 15.43%.

Overview:<BR>Refex Industries Ltd operates in the Other Chemical products industry, focusing on refilling eco-friendly non-ozone depleting refrigerant gases known as HydrofluoroCarbons (HFCs).<BR><BR>History:<BR>Refex Industries Limited was incorporated on September 13, 2002, and was formerly known as Refex Refrigerants Limited. The latest quarterly results reported are for March 2026, showing net sales and profit figures.<BR><BR>Financial Snapshot:<BR>Net Sales: 934 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 91 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 4,270 Cr (Small Cap)<BR><BR>Key Metrics:<BR>P/E: 18.00 <BR>Industry P/E: 22 <BR>Dividend Yield: 0.15% <BR>Debt-Equity: -0.11 <BR>Return on Equity: 15.43% <BR>Price to Book: 2.83 <BR><BR>Contact Details:<BR>Address: 67 Bazullah Road, T Nagar Chennai Tamil Nadu : 600017 <BR>Email: admin@refex.co.in <BR>Website: http://www.refex.co.in

Is Refex Industries technically bullish or bearish?

As of November 24, 2025, Refex Industries shows a bearish technical trend with moderate strength, indicated by bearish MACD, Bollinger Bands, and moving averages, despite a mildly bullish KST, reflecting significant underperformance against the Sensex.

As of 24 November 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance for Refex Industries is bearish with a moderate strength. Key indicators driving this stance include a bearish MACD on the weekly chart, bearish Bollinger Bands on both weekly and monthly time frames, and a bearish moving average on the daily chart. Additionally, the Dow Theory indicates a mildly bearish outlook on both weekly and monthly levels. Despite a mildly bullish KST on the weekly, the overall sentiment remains negative, particularly with the stock's significant underperformance compared to the Sensex over various periods.

Is Refex Industries overvalued or undervalued?

As of November 14, 2025, Refex Industries is considered very expensive and overvalued with a high PE ratio of 28.26, underperforming the market with a year-to-date return of -26.88% compared to the Sensex's gain of 8.22%.

As of 14 November 2025, Refex Industries has moved from expensive to very expensive in its valuation grade. The company is currently overvalued, given its high PE ratio of 28.26, EV to EBIT of 24.06, and Price to Book Value of 3.83. In comparison to its peers, Linde India has a significantly higher PE ratio of 95.6, while Petronet LNG presents a much lower PE of 11.19, indicating that Refex Industries is priced at a premium relative to some competitors.<BR><BR>The company's recent stock performance has been underwhelming, with a year-to-date return of -26.88%, contrasting sharply with the Sensex's gain of 8.22% over the same period. This further reinforces the notion that Refex Industries is overvalued in the current market environment.

How has been the historical performance of Refex Industries?

Refex Industries has experienced significant growth from March 2018 to March 2025, with net sales increasing from 77.37 Cr to 2,321.02 Cr, and profit after tax rising from 0.94 Cr to 182.01 Cr. The company has shown a consistent upward trend in revenue and profitability, despite negative cash flow from operating activities.

Answer:<BR>The historical performance of Refex Industries shows significant growth over the years, particularly from March 2018 to March 2025.<BR><BR>Breakdown:<BR>Refex Industries has demonstrated a remarkable increase in net sales, rising from 77.37 Cr in March 2018 to 2,321.02 Cr in March 2025. Total operating income followed a similar upward trajectory, reaching 2,321.02 Cr in March 2025, compared to just 77.37 Cr in March 2018. The company's operating profit (PBDIT) also saw substantial growth, climbing to 259.97 Cr in March 2025 from a mere 3.77 Cr in March 2018. Profit after tax increased significantly as well, reaching 182.01 Cr in March 2025, up from just 0.94 Cr in March 2018. The total assets of the company grew to 1,785.84 Cr in March 2025, compared to 149.45 Cr in March 2019, while total liabilities also increased to 1,785.84 Cr from 149.45 Cr in March 2019. Cash flow from financing activities surged to 603.00 Cr in March 2025, indicating strong financial support, despite cash flow from operating activities showing a negative trend at -264.00 Cr. Overall, Refex Industries has shown a consistent upward trend in revenue and profitability over the years, reflecting its growth and operational efficiency.

Has Refex Industries declared dividend?

Refex Industries Ltd has declared a 25% dividend, with an ex-date of August 19, 2025. The company has demonstrated strong total returns over various periods, particularly in the long term.

Refex Industries Ltd has declared a 25% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 25%<BR>- Ex-date: 19 Aug 25<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the last 3 months, the price return was -13.65%, the dividend return was 0.12%, resulting in a total return of -13.53%.<BR><BR>Over the past 6 months, the price return was -9.68%, the dividend return was 0.13%, leading to a total return of -9.55%.<BR><BR>For the 1-year period, the price return was 33.68%, the dividend return was 0.18%, culminating in a total return of 33.86%.<BR><BR>In the 2-year span, the price return was 153.93%, the dividend return was 2.15%, which resulted in a total return of 156.08%.<BR><BR>Over the last 3 years, the price return was 1356.16%, the dividend return was 10.54%, leading to a total return of 1366.7%.<BR><BR>In the 4-year period, the price return was 1217.04%, the dividend return was 11.44%, resulting in a total return of 1228.48%.<BR><BR>Finally, in the 5-year timeframe, the price return was 3623.15%, the dividend return was 50.22%, culminating in a total return of 3673.37%.<BR><BR>Overall, Refex Industries has declared a substantial dividend and has shown impressive total returns over various periods, particularly in the longer term, indicating strong performance and shareholder value.

Who are the top shareholders of the Refex Industries?

The top shareholders of Refex Industries include Sherisha Technologies Private Limited with 53.37%, individual investors with 34.36%, and 55 Foreign Institutional Investors holding 2.0%. The highest public shareholder is Network 18 Media And Investments Ltd at 1.06%.

The top shareholders of Refex Industries include the promoters, with Sherisha Technologies Private Limited holding the largest share at 53.37%. Additionally, individual investors collectively own 34.36% of the company. Other notable shareholders include 55 Foreign Institutional Investors (FIIs) who hold 2.0% and mutual funds that are represented by 5 schemes with a combined holding of 0.11%. The highest public shareholder is Network 18 Media And Investments Ltd, which holds 1.06%.