TipHub

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:188454
Market 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
45418941.3L
2025-07-29
2026-07-28

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
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 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)
MetricDec 2024Mar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 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
EPS12.3315.07
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2023Mar 2024Mar 2025Mar 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
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2023Mar 2024Mar 2025Mar 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.

PeriodNov 2024Dec 2024Mar 2025Jun 2025Sept 2025Oct 2025Oct 2025Dec 2025Mar 2026May 2026May 2026Jun 2026
Promoters53.5%53.5%53.4%53.3%53.3%55.9%55.9%55.8%55.8%55.8%55.8%56.6%
FIIs1.5%1.8%2%1.9%1.7%1.6%1.6%2%1.4%1.6%1.6%0.9%
DIIs0%0%0.1%0.2%0.1%0.1%0.1%0.2%0.1%0.1%0.1%0.4%
Public45%44.7%44.5%44.7%44.8%42.3%42.3%42%42.7%42.4%42.4%42.1%
Promoter Pledge15.8%11.3%10.4%10.4%30.2%27.2%27.2%28.8%41.3%41.3%41.3%43.5%
No. of Shareholders85,13681,85781,73985,42989,56889,60089,60097,01594,15993,02393,02391,033
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603
Major Shareholders (>1%)
NameCategoryStakeShares
Refex Holding Private LimitedShareholding of Promoter and Promoter Group56.6%7.76 Cr
Network18 Media And Investments LimitedPublic Shareholding1%13,75,000
Refex Family TrustShareholding of Promoter and Promoter Group0%0
Ugamdevi JainShareholding of Promoter and Promoter Group0%0
Tarachand JainShareholding of Promoter and Promoter Group0%0
Anil Jain TShareholding of Promoter and Promoter Group0%0
Dimple JainShareholding of Promoter and Promoter Group0%0
Yash JainShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Refex Holding Private Limited3.38 Cr43.5%2026-06-30
Board of Directors
NameDesignationYear
T Anil JainChairman / Executive Director / M D / Promoter2026
Dinesh Kumar AgarwalExecutive Director / Whole Time Director / CFO2026
Susmitha SiripurapuNon-Exec & Non-Independent Dir2026
T. Ramesh DugarIndependent Non Exe. Director2026
Sivaramakrishnan VasudevanIndependent Non Exe. Director2026
Latha VenkateshIndependent Non Exe. Director2026
Vineet KothariIndependent Non Exe. Director2026
Ankit PoddarCompany Sec. & Compli. Officer2026
Segments — Product
SegmentRevenueShare
Coal & Ash Handling Business₹2,013 Cr97%
Refrigerant Gases₹35 Cr1.7%
Sale Of Service₹15 Cr0.7%
Power Trading₹1 Cr0%
Solar Power₹10 Cr0.5%
Others₹1 Cr0.1%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹2952727
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-29Board Meetings
forthcoming2026-07-24Dividend (1/- per share)Final
dividend2026-07-24₹1 (50%)Final
dividend2025-08-19₹0.5 (25%)Interim 1
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2026403002112519
20261270000127
2026100213
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
Incorporated2002
ChairmanT Anil Jain
AuditorABCD & Co LLP
Investor Email[email protected]
🌐 www.refex.co.in

📍 67 Bazullah Road, T Nagar, Chennai, Tamil Nadu, 600017

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