REFEX INDUSTRIES LIMITED is a Other Utilities company listed on NSE. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
| ₹ crore · consolidated | FY21 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 633 | 1,629 | 1,383 | 2,468 | 2,277 |
| EBITDA (ex other income) | 68 | 174 | 146 | 210 | 357 |
| margin % | 10.7 | 10.7 | 10.6 | 8.5 | 15.7 |
| Owners' profit | 41 | 116 | 94 | 159 | 203 |
| EPS, as reported (₹) | 21.73 | 53.89 | 8.40 | 12.93 | 15.28 |
| ROE % · ROCE % | 29.3 · 31.5 | 36.9 · 41.8 | 20.0 · 24.9 | 13.1 · 16.2 | 13.5 · 21.0 |
| Debt / equity (x) | 0.00 | 0.26 | 0.25 | 0.14 | 0.11 |
| Cash from operations | 123 | 28 | 3 | (265) | 107 |
| Capex | (6) | (72) | (38) | 0 | 0 |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 528 | 717 | 628 | 383 | 427 | 576 | 934 | 916 |
| Profit before tax | 42 | 59 | 60 | 24 | 64 | 81 | 148 | 101 |
| Net profit | 31 | 50 | 48 | 20 | 36 | 53 | 94 | 65 |
| EPS (₹) | 2.60 | 3.99 | 3.71 | 1.58 | 2.80 | 3.94 | 6.62 | 4.65 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Ash & Coal Handling Business | 2,013 | 83.5 |
| Refrigerant Gas- Manufacturing(Refilling) and Sales | 35 | 1.4 |
| Green mobility | 82 | 3.4 |
| Sale Of Service | 8 | 0.3 |
| Power Trading | 1 | 0.0 |
| Solar Power - Generation and Related Activities | 8 | 0.3 |
| Windpower | 237 | 9.8 |
| Others | 1 | 0.1 |
| Sale of Service | 7 | 0.3 |
| Solar Power - Generation and Related Activities | 3 | 0.1 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · Promoter Refex Holding pledges 4.75 lakh more shares; total pledge at 24.72% of capital | ownership changes | high | — | — |
| 4 Sept 2026 · Promoter Refex Holding pledges 4.75 lakh shares as loan collateral | ownership changes | high | — | — |
| 24 Aug 2026 · Refex bags two fly ash contracts worth Rs 33.70 crores | business updates | medium | — | — |
| 22 Aug 2026 · Refex Industries designates two senior executives as Senior Management Personnel | management changes | low | — | — |
| 22 Aug 2026 · Two senior executives designated as Senior Management Personnel | management changes | medium | — | — |
| 21 Aug 2026 · Refex Industries allots 9,100 shares via ESOP 2021 exercise | capital market events | low | — | — |
| 18 Aug 2026 · Refex Industries wins about INR 40 Crore ash transport contract in Maharashtra | business updates | medium | — | — |
| 18 Aug 2026 · Promoter creates fresh pledge of 20.9 lakh shares; net encumbrance falls | ownership changes | high | — | — |
| 18 Aug 2026 · Refex Industries promoter Refex Holding creates new pledge of 20.9 lakh shares | ownership changes | high | — | — |
| 18 Aug 2026 · Refex bags about 27.5 Crore ash transport contract from Maharatna CPSE | business updates | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| Green Mobility |
| 17 |
| 0.7 |
| Wind Power | 1 | 0.0 |
| Total, before eliminations | 2,412 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| REFEX INDUSTRIES LIMITED ◆ | 3,753 | 15.2 | 2.49 | 9.8 | 13.5 | 19.1 | 29.2 | 13.0 |
| EMS LIMITED | 2,125 | 31.2 | 2.01 | 14.8 | 8.6 | 11.0 | — | 17.9 |
| ANTONY WASTE HDG CELL LTD | 1,044 | 17.9 | 1.14 | 5.8 | 10.0 | 6.9 | 17.8 | 17.3 |
| ECO RECYCLING LTD. | 850 | 36.6 | 7.59 | 25.2 | 20.4 | 26.2 | 30.6 | 64.4 |
| CONCORD ENVIRO SYSTEMS L | 590 | — | 1.03 | 10.7 | 3.5 | 4.4 | — | (10.0) |
| VVIP Infratech Limited | 347 | 5.5 | — | — | — | 15.2 | — | — |
| ORGANIC RECYCLING SYSTEMS LIMI | 151 | 3.5 | 1.22 | 6.2 | 20.4 | 15.7 | — | 21.7 |
| GEM Enviro Management Limited | 77 | 16.3 | — | — | — | 11.8 | — | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 15.2 | 16.1 | 3 of 8 | 71% |
| P/B | 2.5 | 1.6 | 5 of 6 | 20% |
| ROCE | 19.1 | 13.8 | 2 of 9 | 88% |
| ROE | 13.5 | 11.8 | 3 of 6 | 60% |
| Debt / Equity | 0.1 | 0.2 | 2 of 6 | 80% |
| EBITDA margin | 13.0 | 17.6 | 5 of 6 | 20% |
| Revenue growth | 139.1 | 35.9 | 2 of 7 | 83% |
| Profit growth | 216.9 | (59.3) | 1 of 5 | 100% |
| Market cap | 3753 | 590 | 1 of 9 | 100% |
| A rating (BUY / ADD / REDUCE / SELL) |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
