Valuation: Refex Industries Limited

Market Cap 39.31B 411M 352M 329M 301M 566M 573M 3.89B 1.52B 19.75B 1.54B 1.51B 65.31B P/E 2025
30.5x
P/E 2026 12.5x
Enterprise Value 37.57B 393M 336M 315M 288M 541M 548M 3.72B 1.45B 18.87B 1.47B 1.44B 62.43B 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
06-20 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-2.55%
1 week-3.63%
Current month-5.40%
1 month-8.73%
3 months+2.65%
6 months+20.35%
Current year+10.22%
1 week 285.1
Extreme 285.1
302.95
1 month 285.1
Extreme 285.1
344.85
Current year 188
Extreme 188
371.4
1 year 188
Extreme 188
415
3 years 102.42
Extreme 102.42
600
5 years 19.69
Extreme 19.69
600
10 years 2.24
Extreme 2.24
600
Manager TitleAgeSince
Chief Executive Officer 49 20/06/2006
Director of Finance/CFO 46 31/05/2024
Chief Tech/Sci/R&D Officer - 11/08/2025
Director TitleAgeSince
Chairman 49 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.($)
-2.55%-3.63% - - 421M
+0.94%+3.65%-6.49%-13.45% 4.73B
0.00%+0.39%-21.86%-5.20% 1.22B
+1.87%+6.25%+102.23%+29.52% 787M
-2.52%-3.52%-24.34%+100.55% 421M
+0.85%+1.39% - - 362M
0.00%+1.32%-3.14%-6.10% 248M
+0.68%+1.37%+2.78%-40.80% 137M
-0.29%+26.91%+55.80%+114.11% 127M
+7.41%-2.52%+314.29%+314.29% 118M
Average +0.64%-0.84%+52.41%+61.61% 905.52M
Weighted average by Cap. +0.59%+1.34%+7.29%+5.18%

Financials

2025 2026
Net sales 24.68B 258M 221M 207M 189M 355M 360M 2.44B 952M 12.4B 968M 947M 41B 22.77B 238M 204M 191M 175M 328M 332M 2.25B 879M 11.44B 893M 874M 37.83B
Net income 1.59B 16.59M 14.22M 13.3M 12.18M 22.85M 23.15M 157M 61.28M 798M 62.31M 60.96M 2.64B 2.03B 21.25M 18.21M 17.03M 15.59M 29.26M 29.65M 201M 78.49M 1.02B 79.81M 78.07M 3.38B
Net Debt -952M -9.95M -8.52M -7.97M -7.3M -13.7M -13.88M -94.2M -36.74M -478M -37.35M -36.54M -1.58B -1.73B -18.11M -15.52M -14.52M -13.29M -24.94M -25.27M -172M -66.89M -871M -68.02M -66.54M -2.88B
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
24/08/26 286.45 -2.55% 274,609
21/08/26 ₹293.95 +0.12% 133,646
20/08/26 ₹293.60 -1.16% 185,902
19/08/26 ₹297.05 -0.80% 143,103
18/08/26 ₹299.45 -1.09% 259,732