₹328.65
▼ -2.85 -0.86%
As of 28 Jul 2026 · delayed
BSE Listed · Trading
Refex Industries Ltd. (532884)
Volume: 33,745Avg Vol 1W: 48,168Avg Vol 1M: 57,02852W Range:₹188₹454
Key Ratios
Checked just nowMarket Cap₹4,510 Cr
Current Price₹328.65
Previous Close₹331.5
High / Low (52w)₹454 / ₹188
Volume33,745
Avg Vol (1W)48,168
Avg Vol (1M)57,028
Stock P/E49.65
Book Value₹109.63
Dividend Yield0.32%
ROE16.09%
ROA7.17%
Revenue (TTM)—
Revenue Growth78.45%
Profit Margin8.88%
Total Debt₹91 Cr
Shares Outstanding14 Cr
Face Value₹2
EPS (TTM)₹6.62
P/B3
Debt / Equity0.15
50 DMA₹320.82
200 DMA₹284.68
Day change-0.86%
Price Chart
₹328.65▼ 19.56% · 1Y
2025-07-292026-07-28
20-day avg volume: 52K shares
Pros
- Healthy return on equity of 16.1%.
- Company is almost debt-free.
Cons
- Revenue fell 70% YoY.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹591 Cr | ₹428 Cr | ₹686 Cr | ₹594 Cr | ₹366 Cr | ₹415 Cr | ₹576 Cr | ₹934 Cr |
| EBITDA | ₹45 Cr | ₹48 Cr | ₹75 Cr | ₹73 Cr | ₹43 Cr | ₹71 Cr | ₹91 Cr | ₹158 Cr |
| Net Profit | ₹30 Cr | ₹31 Cr | ₹50 Cr | ₹48 Cr | ₹21 Cr | ₹37 Cr | ₹54 Cr | ₹91 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Dec 2024 | Mar 2025 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹686 Cr | ₹594 Cr | ₹2,309 Cr | ₹365 Cr | ₹411 Cr | ₹576 Cr | ₹701 Cr | ₹2,302 Cr |
| EBITDA | ₹76 Cr | ₹75 Cr | ₹246 Cr | ₹47 Cr | ₹78 Cr | ₹98 Cr | ₹141 Cr | ₹363 Cr |
| Net Profit | ₹59 Cr | ₹57 Cr | ₹159 Cr | ₹33 Cr | ₹52 Cr | ₹67 Cr | ₹94 Cr | ₹203 Cr |
| EPS | — | — | 12.33 | — | — | — | — | 15.07 |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹97 Cr | ₹159 Cr | ₹138 Cr | ₹341 Cr | ₹752 Cr | ₹798 Cr | ₹1,799 Cr | ₹2,843 Cr |
| Total Liabilities | ₹86 Cr | ₹116 Cr | ₹62 Cr | ₹202 Cr | ₹438 Cr | ₹333 Cr | ₹587 Cr | ₹1,334 Cr |
| Equity | ₹11 Cr | ₹43 Cr | ₹76 Cr | ₹140 Cr | ₹314 Cr | ₹465 Cr | ₹1,212 Cr | ₹1,509 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹-4 Cr | ₹51 Cr | ₹24 Cr | ₹123 Cr | ₹44 Cr | ₹27 Cr | ₹-185 Cr | ₹126 Cr |
| Investing | ₹-1 Cr | ₹0 Cr | ₹5 Cr | ₹-122 Cr | ₹-78 Cr | ₹-42 Cr | ₹-105 Cr | ₹-268 Cr |
| Financing | ₹4 Cr | ₹-41 Cr | ₹1 Cr | ₹-5 Cr | ₹60 Cr | ₹62 Cr | ₹602 Cr | ₹65 Cr |
| Free Cash Flow | ₹-4 Cr | ₹51 Cr | ₹24 Cr | ₹123 Cr | ₹44 Cr | ₹27 Cr | ₹-185 Cr | ₹126 Cr |
Shareholding
Promoter 56.57% Institutions 1.31% Public 42.13%
Efficiency & Working Capital
ROCE20.9%
Interest Coverage10
Dividend Payout—
Debtor Days100 d
Inventory Days1 d
Payable Days25 d
Cash Conversion Cycle76 d
Working Capital Days101 d
Shareholding Details
As of 2026-06-30
Promoter56.6%
FII0.9%
DII0.4%
Institutions1.3%
Public42.1%
Promoter Pledge43.5%
No. of Shareholders91,033
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Nov 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Oct 2025 | Oct 2025 | Dec 2025 | Mar 2026 | May 2026 | May 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 53.5% | 53.5% | 53.4% | 53.3% | 53.3% | 55.9% | 55.9% | 55.8% | 55.8% | 55.8% | 55.8% | 56.6% |
| FIIs | 1.5% | 1.8% | 2% | 1.9% | 1.7% | 1.6% | 1.6% | 2% | 1.4% | 1.6% | 1.6% | 0.9% |
| DIIs | 0% | 0% | 0.1% | 0.2% | 0.1% | 0.1% | 0.1% | 0.2% | 0.1% | 0.1% | 0.1% | 0.4% |
| Public | 45% | 44.7% | 44.5% | 44.7% | 44.8% | 42.3% | 42.3% | 42% | 42.7% | 42.4% | 42.4% | 42.1% |
| Promoter Pledge | 15.8% | 11.3% | 10.4% | 10.4% | 30.2% | 27.2% | 27.2% | 28.8% | 41.3% | 41.3% | 41.3% | 43.5% |
| No. of Shareholders | 85,136 | 81,857 | 81,739 | 85,429 | 89,568 | 89,600 | 89,600 | 97,015 | 94,159 | 93,023 | 93,023 | 91,033 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Refex Holding Private Limited | Shareholding of Promoter and Promoter Group | 56.6% | 7.76 Cr |
| Network18 Media And Investments Limited | Public Shareholding | 1% | 13,75,000 |
| Refex Family Trust | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Ugamdevi Jain | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Tarachand Jain | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Anil Jain T | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Dimple Jain | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Yash Jain | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Refex Holding Private Limited | 3.38 Cr | 43.5% | 2026-06-30 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| T Anil Jain | Chairman / Executive Director / M D / Promoter | 2026 |
| Dinesh Kumar Agarwal | Executive Director / Whole Time Director / CFO | 2026 |
| Susmitha Siripurapu | Non-Exec & Non-Independent Dir | 2026 |
| T. Ramesh Dugar | Independent Non Exe. Director | 2026 |
| Sivaramakrishnan Vasudevan | Independent Non Exe. Director | 2026 |
| Latha Venkatesh | Independent Non Exe. Director | 2026 |
| Vineet Kothari | Independent Non Exe. Director | 2026 |
| Ankit Poddar | Company Sec. & Compli. Officer | 2026 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Coal & Ash Handling Business | ₹2,013 Cr | 97% |
| Refrigerant Gases | ₹35 Cr | 1.7% |
| Sale Of Service | ₹15 Cr | 0.7% |
| Power Trading | ₹1 Cr | 0% |
| Solar Power | ₹10 Cr | 0.5% |
| Others | ₹1 Cr | 0.1% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹2 | 95 | 27 | 27 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-07-29 | Board Meetings | — |
| forthcoming | 2026-07-24 | Dividend (1/- per share) | Final |
| dividend | 2026-07-24 | ₹1 (50%) | Final |
| dividend | 2025-08-19 | ₹0.5 (25%) | Interim 1 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2026 | 403 | 0 | 0 | 2 | 112 | 519 |
| 2026 | 127 | 0 | 0 | 0 | 0 | 127 |
| 2026 | 1 | 0 | 0 | 2 | 1 | 3 |
Insider / Designated-Person Trades
17 recent disclosure(s)
SHERISHA TECHNOLOGIES PRIVATE LIMITEDAcquisition · 57,93,530
DIMPLE JAINDisposal · 4,88,570
ANIL JAIN TDisposal · 7,50,000
TARACHAND JAINDisposal · 17,11,395
UGAMDEVI JAINDisposal · 28,43,565
SHERISHA TECHNOLOGIES PRIVATE LIMITEDAcquisition · 72,530
Substantial Acquisitions (SAST)
2 disclosure(s)
Pledge16/01/2026 · —
Pledge01/08/2025 · 1,29,28,061
Company Information
🌐 www.refex.co.in ↗
📍 67 Bazullah Road, T Nagar, Chennai, Tamil Nadu, 600017
Technical AnalysisPremium
Technical analysis (Premium)
Log in to see RSI, MACD, moving averages, oscillators and pivot levels for this stock.
More stocks
Prices are delayed/indicative; pros & cons are AI generated. Informational only — not investment advice. ← Back to search