Refex Industries Ltd.

₹222.65

-9.7 (-4.2%)

REFEX Share Price

Chemicals & Petrochemicals

As on October 28, 2026

SectorChemicals

IndustryChemicals & Petrochemicals

Basic IndustryIndustrial Gases

Market Cap₹ 3,058.82 Cr

P/E Ratio14.99

Dividend Yield0.34 %

Trendline Performance

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T&C*

Technicals

Indicators	Value	Signal
5-DMA	228.49	Bearish
10-DMA	241.56	Bearish
20-DMA	252.32	Bearish
50-DMA	270.77	Bearish
100-DMA	296.06	Bearish
200-DMA	268.41	Bearish

Historical Performance

1 Year

-37.5%

3 Years

89%

5 Years

754.4%

10 Years

6803%

Shareholding Pattern

Values Analysis

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Profit & Loss

Below figures are in Rs. Crores

Particulars	Mar-2026	Mar-2025	Mar-2024	Mar-2023	Mar-2021
Sales	20,127	22,356	10,302	13,508	5,329
Operating Expenses	---	---	98	342	23
Other Income	253	499	183	83	44
Operating Profit	3,870	2,561	1,642	1,829	721
Interest	366	177	294	194	90
Depreciation	200	99	135	69	53
Profit Before Tax	3,304	2,284	1,213	1,564	579
Consolidated Net Profit	2,037	1,584	930	1,161	409
Adjusted EPS	15	12	8	10	4

Compounded Sales Growth

10 Years:96.4

5 Years:29.2

3 Years:6.9

TTM:0.2

Compounded Profit Growth

10 Years:107.4

5 Years:37.8

3 Years:11.9

TTM:5.2

Stock Price CAGR

10 Years:52.7

5 Years:54.2

3 Years:23.6

TTM:-37.2

Return on Equity

10 Years:0.7

5 Years:3.9

3 Years:8

last year:14.8

Quarterly Results

Below figures are in Rs. Crores

Particulars	Sep-2024	Dec-2024	Mar-2025	Jul-2025	Sep-2025
Sales	1,70,754	1,35,936	1,28,552	1,22,189	1,05,161
Expenses	63,042	56,557	52,457	45,459	34,856
Operating Profit	1,07,712	79,379	76,096	76,730	70,304
OPM %	63%	58%	59%	63%	67%
Other Income	33,912	31,759	27,333	24,879	18,947
Interest	77,780	58,584	59,248	62,137	53,713
Depreciation	2,345	1,681	1,385	1,277	1,221
Profit Before Tax	61,498	50,873	42,796	38,195	34,318
Tax %	25%	25%	26%	29%	35%
Net Profit	46,149	38,151	31,857	27,296	22,446
EPS in Rs	83	69	58	50	42

Balance Sheet

Below figures are in Rs. Crores

Particulars	Mar-2026	Mar-2025	Mar-2024	Mar-2023	Mar-2021
Share Capital	274	258	231	221	210
Total Reserves	13,446	10,319	4,421	2,920	1,185
Long-Term Borrowings	---	---	---	---	---
Total Non-Current Liabilities	890	1,774	1,348	1,040	701
Other Current Liabilities	4,634	1,942	695	892	168
Short Term Borrowings	1,188	251	483	252	---
Total Liabilities	28,426	17,858	7,934	7,504	3,446
Capital Work in Progress	100	82	86	32	---
Long Term Loans & Advances	34	25	49	4	70
Currents Investments	---	---	---	---	---
Short Term Loans and Advances	9,392	3,173	1,340	2,521	576
Total Current Assets	23,267	13,818	5,021	5,263	1,768
Total Assets	28,426	17,858	7,934	7,504	3,446
Adjusted Book Value	100	82	40	28	13

Positive

(80 to 100)

Neutral

(60 to 79)

Negative

(0 to 59)

The stock has a moderate PE of 14.99, suggesting fair valuation relative to earnings.
Over the last three years, the stock delivered a strong 3-year price CAGR of 25.8%, indicating sustained price appreciation.
The stock carries a high beta of 1.3, implying higher volatility and elevated risk.
In the last financial year, the company reported an EBITDA of ₹3870 million, reflecting positive operating performance.
In the previous financial year, the company generated revenue of ₹22767 million, indicating a large and established business.

Investment Calculator

Investment Amount:₹

Investment Amount: ₹ 1000000

Current Value: ₹ 628067.7

No. of Shares: 2821 (Approx)

Performance:-37.2%

-371932.3

NIFTY Performance: -12.9%

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