Refex Industries

Why is Refex Industries Ltd falling/rising?

As of 20-Jun, Refex Industries Ltd's stock price is rising to 338.15, up 6.0%, driven by strong financial performance, significant growth metrics, and outperformance against the Sensex. The stock's attractive valuation and positive trading trends further support investor confidence.

As of 20-Jun, Refex Industries Ltd's stock price is rising, currently at 338.15, reflecting a change of 19.15 (6.0%) upward. This increase can be attributed to several positive factors. Over the past week, the stock has outperformed the benchmark Sensex, gaining 8.68% compared to the Sensex's 1.69%. In the past month, the stock has risen by 23.30%, significantly outpacing the Sensex's 2.13% increase.<BR><BR>The company's strong financial performance is also a contributing factor to the stock's rise. Refex Industries has demonstrated a robust ability to service its debt, evidenced by a low Debt to EBITDA ratio of 0.63 times. Furthermore, the company has shown healthy long-term growth, with net sales growing at an annual rate of 28.71% and operating profit increasing by 59.51%. Positive quarterly results, including a record Return on Capital Employed (ROCE) of 23.21% and net sales growth of 57.14%, further bolster investor confidence.<BR><BR>Additionally, the stock is trading above its moving averages across various time frames, indicating a positive trend. Despite a recent decline in investor participation, with delivery volume falling by 27.87% against the 5-day average, the stock remains liquid enough for trading. The attractive valuation, with a Price to Book Value of 3.1 and a PEG ratio of 0.9, suggests that the stock is trading at a discount compared to its peers.<BR><BR>In summary, the combination of strong financial metrics, positive growth indicators, and recent outperformance against market benchmarks has contributed to the rising stock price of Refex Industries Ltd.

Which are the latest news on Refex Industries?

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

Should I buy, sell or hold Refex Industries Ltd?

Are Refex Industries Ltd latest results good or bad?

Refex Industries Ltd's latest Q4 FY26 results show strong revenue and profit growth, with net sales up 57.14% and net profit up 87.96%. However, concerns about negative operating cash flow and a low proprietary score suggest caution regarding the sustainability of its performance.

Refex Industries Ltd's latest results for Q4 FY26 show a strong performance overall, characterized by significant revenue and profit growth. The company reported a remarkable 57.14% year-on-year increase in net sales, reaching ₹934.17 crores, and a net profit of ₹90.82 crores, which is an impressive 87.96% increase compared to the same quarter last year. Additionally, the operating margin improved to 17.08%, reflecting effective cost management alongside revenue growth.<BR><BR>However, despite these positive financial metrics, there are underlying concerns. The company's proprietary score of 48/100 and a "SELL" rating suggest skepticism about the sustainability of its valuation and performance relative to broader market indices. Furthermore, the company has faced challenges with negative operating cash flow of ₹264 crores for FY25, raising questions about the quality of earnings and the sustainability of its growth model.<BR><BR>In summary, while the latest results indicate strong operational performance, the overall outlook is tempered by concerns regarding cash flow and valuation sustainability. Investors should weigh these factors carefully when assessing the company's prospects.

When is the next results date for Refex Industries Ltd?

Refex Industries Ltd will announce its results on 26 May 2026.

Refex Industries Ltd is scheduled to declare its results on 26 May 2026.

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%.