REFEX · NSE
Refex Industries Limited
₹271.85
+0.04% (+₹0.1)
Prev. close
₹271.75
Volume
2,20,185
Delivery %
46.7%
As of
18 Sept 2026
Price history
No analyst calls on this stock in the last 90 days yet.
Explore by date range →Analyst opinions
Fundamentals
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.
Details
Sector
Energy
Industry
Thermal Coal
CEO
Mr. T. Anil Jain
Headquarters
Chennai
Employees
522
Website
refex.co.inExchange
View on NSE ↗Key stats
Market cap
₹3,773.78 Cr
P/E ratio (TTM)
12.5
Dividend yield
0.77%
EPS (TTM)
₹21.96
Beta (1Y · daily vs NIFTY 50)
1.36
Beta (5Y · monthly vs NIFTY 50)
2.79
Shares float
5.82 Cr
EPS · quarter ended Jun 2026
₹4.59
Financial Performance
01 · Financials
Revenue for Mar 2021–Mar 2022 is as filed with BSE (standalone), and the first plotted growth figure is computed against Mar 2020 revenue as filed with BSE; the two sources' revenue definitions differ by 0.7% on Mar 2023. FY22 growth needs FY21 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹632.66 Cr | ₹443.96 Cr | ₹1,617.90 Cr | ₹1,382.87 Cr | ₹2,251.84 Cr | ₹2,276.74 Cr | |
| EBITDA | ₹72.12 Cr | ₹62.86 Cr | ₹172.52 Cr | ₹152.08 Cr | ₹273.64 Cr | ₹419.54 Cr |
| ₹40.94 Cr | ₹45.39 Cr | ₹116.06 Cr | ₹93.87 Cr | ₹158.78 Cr | ₹203.35 Cr | |
| Diluted EPS | ₹4.35 | ₹4.32 | ₹10.77 | ₹8.36 | ₹12.33 | ₹15.07 |
Total expenses (as filed), Employee benefit expense, Depreciation & amortisation, Other expenses, Pretax income, Tax provision, Interest expense, Other income have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹341.40 Cr | ₹380.93 Cr | ₹752.30 Cr | ₹797.98 Cr | ₹1,799.19 Cr | ₹2,842.70 Cr | |
| ₹74.15 Cr | ₹85.10 Cr | ₹149.42 Cr | ₹214.56 Cr | ₹286.06 Cr | ₹225.04 Cr | |
| Stockholders' equity | ₹139.57 Cr | ₹183.96 Cr | ₹314.39 Cr | ₹465.58 Cr | ₹1,212.79 Cr | ₹1,504.15 Cr |
Current assets, Trade receivables, Non-current assets, CWIP, Others, Long-term debt, Current (short-term) debt have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹123.29 Cr | — | ₹27.62 Cr | ₹2.85 Cr | ₹-248.50 Cr | ₹107.14 Cr | |
| Investing cash flow | ₹-122.27 Cr | — | ₹-77.56 Cr | ₹-41.88 Cr | ₹-104.56 Cr | ₹-267.90 Cr |
| ₹-4.72 Cr | — | ₹59.89 Cr | ₹61.87 Cr | ₹601.60 Cr | ₹65.35 Cr | |
| Capital expenditure | ₹-6.00 Cr | — | ₹-71.99 Cr | ₹-50.72 Cr | ₹-220.60 Cr | ₹-199.67 Cr |
| End cash position | ₹17.24 Cr | ₹28.85 L | ₹10.23 Cr | ₹33.08 Cr | ₹281.62 Cr | ₹186.21 Cr |
Operating cash flow, Depreciation & amortization, Change in working capital, Investing cash flow, Financing cash flow, Debt issued, Dividends paid, Capital expenditure have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21–Dec 21(2Q) | Mar 22–Sep 22(3Q) | Oct 22–Jun 23(4Q) | Sep 23 | Dec 23 | Mar 24–Jun 24(3Q) | Jul 24 | Sep 24 | Nov 24–Dec 24(2Q) | Mar 25 | Jun 25–Sep 25(2Q) | Oct 25 | Dec 25 | Mar 26–May 26(2Q) | Jun 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 49.72% | 50.21% | 52.70% | 53.33% | 53.27% | 55.28% | 57.13% | 57.12% | 53.49% | 53.37% | 53.33% | 55.92% | 55.80% | 55.85% | 56.57% |
| Public | 50.28% | 49.79% | 47.30% | 46.67% | 46.73% | 44.72% | 42.87% | 42.88% | 46.51% | 46.63% | 46.67% | 44.08% | 44.20% | 44.15% | 43.43% |
| Employee trusts | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Energy
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Reliance Industries Limited | ₹16.84 L Cr | ₹1,226.4 | 22.5 | 1.86 | 8.9% | 0.44 | +9.6% | -13.3% |
| Adani Enterprises Limited | ₹4.16 L Cr | ₹3,020 | 50.8 | 5.14 | 11.5% | 1.32 | +2.6% | +25.7% |
| Oil & Natural Gas Corporation Limited | ₹2.92 L Cr | ₹232.8 | 6.7 | 0.79 | 11.1% | 0.47 | -0.6% | -1.2% |
| Coal India Limited | ₹2.58 L Cr | ₹409.9 | 8.3 | 2.16 | 26.1% | 0.12 | +0.1% | +4.3% |
| Indian Oil Corporation Limited | ₹1.90 L Cr | ₹137 | 5.5 | 0.86 | 19.2% | 0.60 | +2.6% | -6.9% |
| Bharat Petroleum Corporation Limited | ₹1.30 L Cr | ₹307 | 7.6 | 1.29 | 25.8% | 0.54 | +2.6% | -5.1% |
| Oil India Limited | ₹77,654.26 Cr | ₹475.7 | 9.3 | 1.34 | 11.4% | 0.65 | +4.4% | +19.2% |
| Hindustan Petroleum Corporation Limited | ₹74,601.46 Cr | ₹359 | 44.7 | 1.14 | 27.5% | 0.85 | +1.0% | -12.1% |
| Aegis Logistics Limited | ₹47,518.38 Cr | ₹1,415.4 | 38.0 | 7.85 | 14.8% | 0.69 | +26.1% | +80.4% |
| Petronet LNG Limited | ₹42,517.51 Cr | ₹292.6 | 10.1 | 1.91 | 17.6% | 0.11 | -14.5% | +4.6% |
| Aegis Vopak Terminals Limited | ₹32,901.81 Cr | ₹310.7 | 108.0 | 7.67 | 7.2% | 0.87 | +17.0% | +27.3% |
| Refex Industries Limited | ₹3,773.78 Cr | ₹271.85 | 12.5 | 2.51 | 13.5% | 0.15 | +1.0% | -22.0% |
Ranked by market cap within Energy, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 19
Concall transcripts
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
10 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
Refex Holding Private Limited: Promoter Pledges 24.72% Stake
Refex Holding Private Limited, the promoter of Refex Industries, has pledged 24.72% of its total share capital in Refex Industries. These pledges, totaling 3,39,33,612 shares, serve as collateral for company loans and for personal use by promoters. The promoter's total shareholding remains 56.56%, with 26.02% of the total share capital now encumbered.