Valuation: Refex Industries Limited

Market Cap 37.33B 388M 346M 322M 293M 552M 556M 3.89B 1.51B 19.05B 1.46B 1.42B 61.25B P/E 2025
30.5x
P/E 2026 12.5x
Enterprise Value 35.6B 370M 330M 307M 280M 527M 530M 3.71B 1.44B 18.17B 1.39B 1.36B 58.4B 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+0.22%
1 week-1.48%
Current month+2.27%
1 month-3.67%
3 months-24.11%
6 months+33.16%
Current year+4.61%
1 week 263.4
Extreme 263.4
278.9
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 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.($)
+0.22%-1.48%-25.54%+115.21% 387M
+0.69%-1.44%+15.63%+78.78% 149B
+1.44%+0.70%+30.15%+41.01% 37.64B
+1.12%+0.62%+10.89%+46.92% 26.95B
+0.98%-2.09%+9.24%+76.80% 24.16B
+0.97%-1.46%+10.52%+5.42% 23.13B
+4.26%+2.51%-33.06%-33.15% 21.88B
+1.27%+3.63%+94.99%+167.05% 10.94B
+0.44%+8.53%-72.89%+455.83% 9.86B
+2.03%-0.66%+5.97%-20.54% 6.73B
Average +1.34%+0.01%+4.59%+93.33% 31.09B
Weighted average by Cap. +1.15%-0.22%+12.40%+70.91%

Financials

2025 2026
Net sales 24.68B 256M 229M 213M 194M 365M 368M 2.57B 1B 12.59B 962M 941M 40.48B 22.77B 236M 211M 196M 179M 337M 339M 2.37B 924M 11.62B 887M 868M 37.35B
Net income 1.59B 16.49M 14.71M 13.7M 12.47M 23.48M 23.66M 166M 64.42M 810M 61.89M 60.56M 2.6B 2.03B 21.12M 18.84M 17.55M 15.97M 30.08M 30.3M 212M 82.5M 1.04B 79.27M 77.56M 3.34B
Net Debt -952M -9.88M -8.82M -8.21M -7.47M -14.08M -14.18M -99.25M -38.61M -486M -37.1M -36.3M -1.56B -1.73B -18M -16.05M -14.96M -13.61M -25.63M -25.82M -181M -70.32M -885M -67.56M -66.1M -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
05/10/26 ₹272.05 +0.22% 24,781
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
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