Refex Industries Limited share price
NSE: REFEX · ISIN INE056I01025
Key numbers
- Market cap
- ₹ 3,922 Cr
- Current price
- ₹ 285.80
- 52-week high / low
- ₹ 382 / 188
- Stock P/E
- 13.7
- Book value
- ₹ 109.6
- Dividend yield
- 0.70%
- ROCE
- 22.3%
- ROE
- 15.0%
- Debt to equity
- 0.15
- Sales growth (3 yrs)
- 12.0%
- Profit growth (3 yrs)
- 20.6%
- 1-year return
- -26.8%
About Refex Industries Limited
Refex Industries Limited engages in handling and disposal of fly ash in India. The company engages in solar power generation and related activities; coal trading; and providing coal yard management services and solar module trading. It also engages in providing transport services using electric vehicles. The company was formerly known as Refex Refrigerants Limited and changed its name to Refex Industries Limited in November 2013. The company was incorporated in 2002 and is based in Chennai, India.
Quarterly results
Consolidated figures in ₹ crores
| Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 594 | 352 | 576 | 934 | 916 |
| Operating profit | 69 | 46 | 90 | 154 | 101 |
| Net profit | 48 | 21 | 54 | 91 | 64 |
| EPS (₹) | 3.74 | 1.64 | 3.94 | 6.62 | 4.65 |
Concall summary (2026-08-04)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- Going forward, we remain focused on expanding our presence across broader ash value chain, including downstream value -added applications, which we expect to contribute meaningfully over the coming quarters and years, and create additional revenues for sust ainable growth and value creation.
- Like, for this year, we are targeting around INR 1,500 crores to INR1,800.
Growth & demand
- The industry fundamentals continue to remain strong, driven by increasing power demand, expansion of thermal generation capacity, and greater regulatory focus on achieving 100% ash utilization.
- On a standalone basis, revenue for the continuing Refex Industries Limited July 30, 2026 operations for the quarter stood at INR619 crores compared to INR351 crores in the corresponding quarter in the previous financial year, representing a year-on-year growth of 76%.
Margins & costs
- EBITDA for the quarter stood at INR105 crores compared to INR39.6 crores in the corresponding quarter for the previous financial year.
- PAT margin improved to 11.9% compared to the previous period in the same financial year.
Capex & expansion
- We are not the total capex done by us is only on the a little bit of repairs and maintenance, which is close to about INR3.5- INR4 crores.
- And currently, we are working in 42 thermal power plant, and penetration is we are working in 30%-35% of the thermal power plant in India today, and there is a lot of potentials for the future opportunities.
Balance sheet & cash
- Debt is almost I mean, if you see, it is at net debt to zero level.
- I mean, whatever utilized debt is majorly towards the bank guarantee and the LCs, , we have a good bank balance as of now.
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