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Refex Industries
Refex Industries Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Refex Industries Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Refex Industries Ltd trades at a P/E of 19.89×, against the Industrials sector median P/E of 8.75×.
Valuation
Profitability
Growth
Financial Health
Refex Industries Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Refex Industries Ltd, switchable between annual and quarterly views, consolidated or standalone.
Refex Industries Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹3,243.799 Cr and reported EPS of ₹12.40.
Refex Industries segment analysis: revenue and profit mix.
Disclosed business segments at Refex Industries with their share of revenue and profit, switchable between consolidated and standalone reporting.
Refex Industries discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Refex Industries Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Refex Industries Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Refex Industries Ltd's investment case rests on 9 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
Strong profitability with ROE 18.90% and ROCE 20.90%.
Healthy balance sheet, low debt-to-equity ratio of 0.24.
Significant promoter holding of 55.9% aligns management and shareholders.
Attractive valuation with P/E ratio 32.20, lower than peers.
Robust operational growth shown by 5-year EBITDA CAGR 33.90%.
What can break it.
Recent quarterly sales declined 35.20%, and profit fell 28.90%.
Stock price significantly depreciated from 52-week high of ₹575.00.
FII and DII holdings decreased, indicating waning institutional confidence.
Negative EPS growth over 3Y (-16.89%) and 5Y (-9.73%).
Negative annual cash flow per share of -₹33.30 is concerning.
What would change my mind.
Trim if P/E re-rates above 26 (~3.0× the sector multiple of 8.8). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
Refex Industries Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Refex Industries Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
| Company Name |
|---|
 Linde India Ltd |
Refex Industries LtdCurrent Stock |
 Stallion India Fluorochemicals Ltd |
Refex Industries Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Refex Industries Ltd — derived from the live tape, not yesterday's close.
Refex Industries Ltd last traded at ₹312.5 with an intraday range of ₹308.15–₹318.9 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹312.50| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 339.72 | +27.22 | +8.71% |
| R3 | 328.97 | +16.47 | +5.27% |
| R2 | 323.93 | +11.43 | +3.66% |
| R1 | 318.22 | +5.72 | +1.83% |
| PIVOT | 313.18 | 0.68 | 0.22% |
| CURRENT | 312.50 | — | — |
| S1 | 285.97 | -26.53 | -8.49% |
| S2 | 296.72 | -15.78 | -5.05% |
| S3 | 302.43 | -10.07 | -3.22% |
| S4 | 307.47 | -5.03 | -1.61% |
REFEX is trading Below CPR, indicating Bearishness
CPR is Average
Day's range: 313.95 ~ 318.9
Trading Inside opening range
Refex Industries Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Refex Industries Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Refex Industries Ltd stood at 40.2% of traded volume, against a 20-day average of 32.5%.
Refex Industries announcements: results, concalls, ratings, M&A.
Filings Refex Industries sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Refex Industries dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Refex Industries has declared, sequenced by announce and record date.
Refex Industries corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Refex Industries Ltd: business, sector, key facts.
What Refex Industries Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Refex Industries Ltd operates in the Trading Companies & Distributors industry under the Industrials sector, listed as NSE: REFEX, BSE: 532884.
Refex Industries Limited is a diversified Indian company primarily focused on waste management and renewable energy solutions. Its core business revolves around the handling and disposal of fly ash, a byproduct of coal combustion, playing a crucial role in environmental remediation within the Indian context. This activity addresses a significant environmental challenge, providing a responsible method for managing industrial waste and potentially utilizing it in other applications (although the specifics of such applications aren't detailed in the provided information).
Beyond waste management, Refex Industries has a substantial presence in the refrigerant sector. The company engages in the refilling of hydrofluorocarbons (HFCs), which are widely used in refrigeration and air conditioning systems. This activity contributes to the efficient maintenance and operation of cooling equipment, impacting both residential and commercial applications. This segment demonstrates a focus on resource management and the extension of the lifespan of existing equipment, promoting sustainability.
Furthermore, Refex Industries is actively involved in the growing renewable energy market in India. The company participates in solar power generation and related activities, contributing to the nation's efforts towards cleaner energy sources. This diversification into renewable energy positions Refex for growth within a sector experiencing significant expansion and government support in India. This strategy aligns with global trends towards reducing carbon emissions and dependence on fossil fuels.
Complementing its core businesses, Refex Industries also engages in coal trading and provides associated services such as coal yard management. This activity leverages existing infrastructure and expertise to offer comprehensive solutions to industries reliant on coal, showcasing the company's adaptability and ability to cater to various market segments. While coal is a traditional energy source, this aspect suggests a pragmatic approach to business diversification, catering to immediate market demands while pursuing sustainable solutions in parallel.
Finally, the company has expanded into the electric vehicle (EV) sector, an emerging and potentially high-growth area. This further diversifies Refex Industries' portfolio into a future-oriented and environmentally conscious segment, demonstrating an understanding of long-term market trends and a proactive approach to aligning with sustainable transportation initiatives. The specifics of their involvement in the EV sector are not detailed but represent a significant commitment to the future of transportation in India.
Questions investors ask about Refex Industries Ltd (REFEX).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Refex Industries Ltd (REFEX)?
The current share price of Refex Industries Ltd (REFEX) is ₹312.5. Today, the stock has declined by ₹3.95 (1.25%), trading in a range of ₹308.15 to ₹318.9. The stock opened at ₹317.35 with a trading volume of 6,45,509 shares.
02Is Refex Industries Ltd stock a good investment for long-term?
Refex Industries Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹3,243.8 crores, P/E ratio of 19.89, ROE of 6.93%, and ROCE of 20.90%. The dividend yield stands at 0.20%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Refex Industries Ltd stock?
The 52-week high price of Refex Industries Ltd (REFEX) is ₹534, while the 52-week low is ₹188. Currently trading at ₹312.5, the stock is 36.0% away from its 52-week low and 41.5% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Refex Industries Ltd stock at the current price?
Whether to buy Refex Industries Ltd stock at ₹312.5 depends on multiple factors. The stock is currently trading with a P/E ratio of 19.89 and P/B ratio of N/A. Today's performance shows a loss of 1.25%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Refex Industries Ltd and when is the next dividend?
Refex Industries Ltd offers a dividend yield of 0.20%, which means for every ₹100 invested at the current price of ₹312.5, you can expect to receive approximately ₹0.20 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Refex Industries Ltd?
Refex Industries Ltd's key financial metrics include: P/E Ratio: 19.89, P/B Ratio: N/A, ROE: 6.93%, ROCE: 20.90%, Dividend Yield: 0.20%, EPS: ₹12.40, Book Value: ₹93.88, Debt-to-Equity: 0.24, and Current Ratio: N/A. The company's market cap stands at ₹3,243.8 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Refex Industries Ltd stock performing today in the market?
Refex Industries Ltd stock opened at ₹317.35 and is currently trading at ₹312.5, showing a decline of ₹3.95 (1.25%). The intraday high is ₹318.9 and low is ₹308.15. The trading volume stands at 6,45,509 shares, indicating moderate market participation today.
08What is the P/E ratio of Refex Industries Ltd and what does it indicate?
Refex Industries Ltd has a Price-to-Earnings (P/E) ratio of 19.89, which means investors are willing to pay ₹19.89 for every ₹1 of earnings. With an EPS of ₹12.40, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Refex Industries Ltd (REFEX) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
Related
Peers, sector trends, screeners and strategy playbooks contextual to this stock.
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