Valuation: Refex Industries Limited

Market Cap 30.14B 318M 284M 261M 237M 445M 457M 3.12B 1.25B 15.91B 1.19B 1.17B 50.42B P/E 2025
30.5x
P/E 2026 12.5x
Enterprise Value 28.41B 300M 268M 246M 224M 420M 430M 2.94B 1.18B 14.99B 1.13B 1.1B 47.53B EV / Sales 2025
1.94x
EV / Sales 2026 1.07x
Free-Float
72.19%
Yield 2025 *
-
Yield 2026 0.79%
10-29 Refex Industries Limited, Q2 2027 Earnings Call, Oct 29, 2026
10-29 Refex Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2026 CI
10-21 Refex Industries Limited Receives Slab-Wise Rate Contract For Ash Transportation From A Maharatna Public Sector Undertaking Under The Ministry Of Power For INR 314.45 Million CI
09-21 Indian shares advance on bargain buying after recent slide RE
09-19 Refex Industries Limited Receives Contract for Lifting of 10 Lakh Metric Tons of Pond Ash and Fly Ash from A Public Sector Undertaking in Madhya Pradesh CI
09-19 Refex Industries Limited Bags Contract for Lifting of 10 Mt of Pond Ash and Fly Ash Valued At INR 1,600 Million CI
08-24 Refex Industries Limited Bags Contracts For Loading, Transportation And Excavation Of Fly Ash Worth INR 337 Million CI
08-22 Refex Industries Limited Announces Management Changes, Effective August 22, 2026 CI
08-18 Refex Industries Limited Bags Slab-Wise Rate Contract for Transportation of Ash CI
08-18 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
08-14 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
07-31 Refex Industries Limited, Q1 2027 Earnings Call, Jul 30, 2026
07-30 Refex Industries Limited Bags Order for Rate Contract for Ash Transportation to Road Construction Sites CI
1 day+1.21%
1 week-0.27%
Current month+4.73%
1 month-18.29%
3 months-27.60%
6 months-14.76%
Current year-14.52%
1 week 208.9
Extreme 208.9
230.6
1 month 208.9
Extreme 208.9
275.65
Current year 188
Extreme 188
371.15
1 year 188
Extreme 188
382.05
3 years 104.59
Extreme 104.59
600
5 years 19.3
Extreme 19.3
600
10 years 2.1
Extreme 2.104
600
Manager TitleAgeSince
Chief Executive Officer 50 21/06/2006
Director of Finance/CFO 46 01/06/2024
Chief Tech/Sci/R&D Officer - 12/08/2025
Director TitleAgeSince
Chairman 50 21/06/2006
Director/Board Member 46 27/07/2016
Director/Board Member 53 29/12/2020
Change 5-day change 1-year change 3-year change Capi.($)
+1.21%-0.27%-40.68%+105.41% 318M
+0.77%+2.12%+16.02%+52.67% 39.88B
-2.05%+1.95%+5.85%+26.25% 26.54B
-4.18%-13.57%-52.62%-53.95% 15.82B
+2.25%+0.40%+67.93%+140.48% 9.58B
-1.47%-1.47%-9.34%-26.55% 6.31B
-5.76%-5.07%-81.39%+221.08% 5.59B
-0.28%-3.75%+4.60%-1.40% 5.69B
+2.11%-3.65%+3.02%+25.27% 5.23B
-1.07%+5.02%-11.84%-24.91% 5.51B
Average -0.85%-1.87%-9.84%+46.44% 12.05B
Weighted average by Cap. -0.88%-0.51%+0.52%+36.35%

Financials

2025 2026
Net sales 24.68B 261M 233M 214M 194M 365M 374M 2.55B 1.03B 13.02B 978M 957M 41.28B 22.77B 240M 215M 197M 179M 336M 345M 2.35B 947M 12.02B 902M 883M 38.09B
Net income 1.59B 16.76M 14.97M 13.76M 12.49M 23.46M 24.05M 164M 66.05M 838M 62.91M 61.57M 2.66B 2.03B 21.47M 19.18M 17.62M 16M 30.05M 30.8M 210M 84.59M 1.07B 80.58M 78.85M 3.4B
Net Debt -952M -10.05M -8.98M -8.25M -7.49M -14.06M -14.42M -98.43M -39.59M -502M -37.71M -36.91M -1.59B -1.73B -18.3M -16.35M -15.01M -13.64M -25.61M -26.25M -179M -72.1M -915M -68.68M -67.21M -2.9B
Projected Income Statement - Annual - Refex Industries Limited
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
04/11/26 ₹222.30 +1.21% 18,365
03/11/26 ₹219.65 +0.71% 15,856
02/11/26 ₹218.10 +2.76% 18,977
30/10/26 ₹212.25 -4.46% 23,397
29/10/26 ₹222.15 -0.34% 17,501
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