Valuation: Refex Industries Limited

Market Cap 37.25B 387M 344M 321M 293M 552M 558M 3.89B 1.51B 19.04B 1.45B 1.42B 61.12B P/E 2025
30.5x
P/E 2026 12.5x
Enterprise Value 35.52B 369M 328M 306M 279M 527M 532M 3.71B 1.44B 18.16B 1.39B 1.36B 58.27B EV / Sales 2025
1.94x
EV / Sales 2026 1.07x
Free-Float
74.38%
Yield 2025 *
-
Yield 2026 0.79%
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
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
1 day+2.05%
1 week-5.02%
Current month+2.05%
1 month-2.72%
3 months-24.28%
6 months+32.87%
Current year+4.38%
1 week 263.4
Extreme 263.4
288.75
1 month 257.95
Extreme 257.95
296.9
Current year 188
Extreme 188
371.15
1 year 188
Extreme 188
382.05
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 50 20/06/2006
Director of Finance/CFO 46 31/05/2024
Chief Tech/Sci/R&D Officer - 11/08/2025
Director TitleAgeSince
Chairman 50 20/06/2006
Director/Board Member 46 26/07/2016
Director/Board Member 53 28/12/2020
Change 5-day change 1-year change 3-year change Capi.($)
+2.05%-5.02%-25.70%+111.77% 387M
-2.16%-0.82%+14.15%+77.87% 149B
+1.44%+0.77%+30.15%+41.01% 37.64B
-1.08%-1.34%+9.66%+44.02% 26.95B
-1.74%-2.49%+8.19%+71.50% 24.16B
-1.66%-2.68%+8.89%+3.76% 23.13B
+0.86%-2.89%-35.79%-35.53% 21.88B
+1.27%+2.78%+94.99%+167.05% 10.94B
+1.79%+8.06%-73.01%+456.64% 9.86B
+2.03%-1.69%+5.97%-20.54% 6.73B
Average +0.28%-0.13%+3.75%+91.76% 31.09B
Weighted average by Cap. -1.01%-0.44%+11.18%+69.54%

Financials

2025 2026
Net sales 24.68B 257M 228M 213M 194M 366M 369M 2.58B 998M 12.62B 964M 943M 40.49B 22.77B 237M 210M 196M 179M 338M 341M 2.38B 921M 11.64B 889M 870M 37.35B
Net income 1.59B 16.52M 14.67M 13.7M 12.48M 23.54M 23.76M 166M 64.23M 812M 62.01M 60.67M 2.61B 2.03B 21.15M 18.79M 17.54M 15.99M 30.15M 30.44M 212M 82.26M 1.04B 79.42M 77.7M 3.34B
Net Debt -952M -9.9M -8.8M -8.21M -7.48M -14.11M -14.25M -99.36M -38.5M -487M -37.17M -36.37M -1.56B -1.73B -18.03M -16.02M -14.95M -13.63M -25.7M -25.94M -181M -70.11M -886M -67.69M -66.22M -2.84B
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
01/10/26 ₹271.45 +2.05% 20,691
30/09/26 ₹266.00 -2.24% 43,631
29/09/26 ₹272.10 -1.47% 16,478
28/09/26 ₹276.15 -3.38% 24,519
25/09/26 ₹285.80 +0.65% 27,555
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