Valuation: Refex Industries Limited

Market Cap 40.71B 427M 366M 344M 314M 593M 596M 4.07B 1.58B 20.54B 1.6B 1.57B 68.02B P/E 2025
30.5x
P/E 2026 12.5x
Enterprise Value 38.98B 409M 351M 329M 301M 567M 570M 3.9B 1.51B 19.66B 1.53B 1.5B 65.13B EV / Sales 2025
1.94x
EV / Sales 2026 1.07x
Free-Float
42.43%
Yield 2025 *
-
Yield 2026 0.79%
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
07-29 Refex Industries Limited Reports Earnings Results for the First Quarter Ended June 30, 2026 CI
07-29 Refex Industries Limited Announces Redesignation of Lalitha Uthayakumar from President ? Refrigerant Gas Business to General Manager ? Accounts, Effective August 01, 2026 CI
07-07 Refex Industries Limited Receives Ash Transportation Order Worth INR 209.4 Million from Maharashtra-Based Entity for Road Projects CI
06-26 Refex Industries Limited Bags Order for Transportation of Ash to Construction Site of Road Projects of NHAI and Other Central or State Government Road Construction Department / Authority / Pmgsy Road Projects CI
06-21 Refex Industries Limited Bags Order For Transportation Of Pond Ash To NHAI Road Projects CI
05-29 Refex Industries Bags Transportation Order Worth INR369 Million MT
05-29 Refex Industries Limited Bags Order for Excavation, Loading and Transportation of Pond Ash to Open Cast Mines, Stone Quarries, and NHAI Project Sites CI
1 day+1.87%
1 week-0.10%
Current month-1.97%
1 month-10.51%
3 months+0.59%
6 months+30.65%
Current year+14.07%
1 week 285.4
Extreme 285.4
299.85
1 month 285.4
Extreme 285.4
344
Current year 188
Extreme 188
371.15
1 year 188
Extreme 188
415.6
3 years 103.36
Extreme 103.36
600
5 years 19.3
Extreme 19.3
600
10 years 2.1
Extreme 2.104
600
Manager TitleAgeSince
Chief Executive Officer 49 21/06/2006
Director of Finance/CFO 46 01/06/2024
Chief Tech/Sci/R&D Officer - 12/08/2025
Director TitleAgeSince
Chairman 49 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.($)
+1.87%-0.10%-19.99%+116.60% 419M
+0.94%+3.43%-4.36%-7.39% 4.76B
0.00%-4.14%-23.96%-3.41% 1.22B
+1.87%+1.12%+109.23%+34.65% 799M
-1.59%-1.07% - - 355M
-0.65%-0.65%-4.38%-7.27% 245M
+0.68%0.00%+3.50%-38.84% 137M
0.00%+11.11%+328.57%+380.00% 131M
-0.29%+1.75%+53.74%+114.11% 127M
Average +0.31%+1.15%+55.30%+73.56% 910.38M
Weighted average by Cap. +0.74%+1.84%+9.99%+12.06%

Financials

2025 2026
Net sales 24.68B 259M 222M 208M 190M 359M 361M 2.47B 956M 12.45B 971M 950M 41.23B 22.77B 239M 205M 192M 176M 331M 333M 2.28B 882M 11.49B 896M 877M 38.04B
Net income 1.59B 16.65M 14.29M 13.41M 12.25M 23.12M 23.23M 159M 61.51M 801M 62.51M 61.15M 2.65B 2.03B 21.32M 18.3M 17.18M 15.69M 29.61M 29.75M 203M 78.77M 1.03B 80.05M 78.32M 3.4B
Net Debt -952M -9.98M -8.57M -8.04M -7.34M -13.86M -13.92M -95.14M -36.87M -480M -37.47M -36.66M -1.59B -1.73B -18.17M -15.6M -14.64M -13.37M -25.23M -25.35M -173M -67.14M -874M -68.23M -66.75M -2.9B
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
26/08/26 296.65 +1.87% 17,370
25/08/26 ₹291.20 +1.66% 27,524
24/08/26 ₹286.45 -2.52% 14,977
21/08/26 ₹293.85 +0.05% 6,493
20/08/26 ₹293.70 -1.09% 12,454
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