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Refex Industries Limited

Utilities · Other Utilities

NSE: REFEX BSE: 532884
₹265.25
▼ -6.80 (-2.50%)
Sept. 30, 2026 · NSE · nse_bhavcopy
Quality
77/100
Strong
Valuation
87/100
Undervalued
Momentum
63/100
Neutral

QVM read Quality at a discount Quality Strong, Valuation Undervalued, Momentum Neutral

Tradinity's own scoring, not a copy of any third party's -- see the Key Metrics section for the real ratios behind each number.

Key Metrics

Market Capitalization
₹3,640 Cr
PE (TTM)
12.5
Industry median 36.5 (11 companies)
Price to Book
2.4
PEG (TTM)
0.3
Institutions holding %
1.31%
FII + DII, latest filed period
Piotroski Score
3
Relative return vs Nifty50, qtr %
-20.2
Relative return vs Sector, qtr %
-3.0
Free Cash Flow
₹107 Cr
as of March 31, 2026
Industry median ₹-5 Cr (18 companies)
EPS Growth (YoY)
109.77%
as of June 30, 2026
Industry median -22.70% (12 companies)
Net Profit Growth (TTM)
0.00%
as of June 30, 2026
Industry median -1.17% (11 companies)
Operating Revenue Growth (TTM)
5.16%
as of June 30, 2026
Industry median 5.16% (11 companies)
Profit Growth (YoY)
59.68%
as of March 31, 2025
Industry median 44.95% (12 companies)
Revenue Growth (YoY)
69.54%
as of June 30, 2026
Industry median 15.48% (11 companies)
Current Ratio
2.08
as of March 31, 2026
Industry median 2.21 (18 companies)
Debt to Equity
0.11
as of March 31, 2026
Industry median 0.21 (14 companies)
Interest Coverage
12.05
as of June 30, 2026
Industry median 10.13 (12 companies)
Net Margin
9.32%
as of March 31, 2025
Industry median 10.03% (12 companies)
Operating Margin (EBIT)
17.66%
as of June 30, 2026
Industry median 16.89% (12 companies)
Operating Margin (TTM)
18.37%
as of June 30, 2026
Industry median 14.10% (12 companies)
Return on Assets
7.17%
as of March 31, 2026
Industry median 6.57% (12 companies)
Return on Capital Employed
20.49%
as of March 31, 2026
Industry median 18.31% (12 companies)
Return on Equity
13.50%
as of March 31, 2026
Industry median 10.35% (12 companies)

Investment checklist

Tradinity's own yes/no questions with the rule stated beside each. “Items without enough data are left out, never counted as a No, and the totals count only answered questions. A summary of numbers on this page, not advice.

Financials

3 of 7 met
  • No Revenue is higher than a year earlier in each of the last 4 quarters
  • Yes Quality score is Strong (70 or more)
  • No Piotroski F-score is 7 or more (score 3)
  • Yes Debt to equity is below 0.5 (0.11)
  • No Return on equity is 15% or more (13.5%)
  • No Net cash flow for the latest year is positive
  • Yes Cash from operations is higher than the year before

Ownership

2 of 3 met
  • Yes FII/FPI or DII holding rose in the latest quarter
  • Yes Promoter holding rose or was unchanged in the latest quarter
  • No Promoter pledge is 5% of their holding or less and not rising (43.5% pledged)

Peer comparison

3 of 3 met
  • Yes 1-year return beats the industry median
  • Yes Revenue growth beats the industry median
  • Yes Profit growth beats the industry median

Value and momentum

2 of 6 met
  • Yes Price sits in the Buy zone of its own historical PE range (Buy Zone)
  • Yes Valuation score is Undervalued (70 or more)
  • No Momentum score is Bullish (70 or more)
  • No Price is above the 5, 10 and 20 day averages
  • No Price is above the 50, 100 and 200 day averages
  • No Latest candle has a bullish shape (hammer, dragonfly doji, white marubozu)

Price

Download CSV

PE/EPS use each quarter's real filed EPS only from 45 days after quarter-end (no look-ahead) against the raw close of the day. Price-to-book isn't a mode here: the feed has no dated share count, so there's no real history to chart.

RSI (14) (same adjusted close series as the price chart above)

MACD (12, 26, 9) (same adjusted close series as the price chart above)

Relative Returns (vs NIFTY 50)

Prices adjusted for splits and bonuses. * = a corporate action affecting this date could not be parsed and is not reflected.

Price range

Day return
-2.5%
Low 264.0000 · High 279.7500
1W return
-7.5%
Low 264.0000 · High 287.9000
1M return
-6.1%
Low 258.1000 · High 297.0000
52W return
-27.4%
Low 188.0000 · High 382.4000
Lifetime High ₹887.5500 (Aug. 1, 2023)
Lifetime Low ₹2.3000 (Feb. 26, 2013)

Full price history and technicals →

Technicals

Full technicals, indicators & Volume/Delivery →

EMA & SMA

Bullish0
Bearish6
5D
274.0
10D
276.6
20D
279.2
50D
287.9
100D
288.3
200D
270.7

Delivery and volume

Day avg. delivery
42.8%
Week avg. delivery
46.6%
Month avg. delivery
26.9%

Week = 5 sessions, Month = 22 sessions ending the latest trading day — the same combined NSE+BSE delivery data as the table below, just summed.

Resistance and support

269.67
Pivot
First resistance275.33
Second resistance285.42
Third resistance291.08
First support259.58
Second support253.92
Third support243.83
Day RSI38.2
Day MFI82.9
Day MACD-4.10
Day MACD signal-4.36

Beta

1M1.84
3M0.69
1Y1.35
3Y1.14

Price change analysis

↓ -6.1%
Over 1 Month
LowHigh
258.10297.00
↓ -25.8%
Over 3 Months
LowHigh
258.10371.40
↑ 30.9%
Over 6 Months
LowHigh
194.84371.40
↓ -27.4%
Over 1 Year
LowHigh
188.00382.40
Legend Positive indicator Neutral indicator Negative indicator

Buy/Sell Zone

View Buy/Sell Zone →
Current PE 12.5 (own history: 4.1–34.0)
Buy Zone

Financials

View full financials, peers & valuation multiples →
Revenue (June 30, 2026)
₹619 Cr
Net profit (June 30, 2026)
₹73 Cr
Basic EPS (June 30, 2026)
₹5.3700

Ranks #3 of 13 in Other Utilities by market cap -- full peer table on the Financials page.

Shareholding pattern / Ownership

Shareholding summary

Jun 2026
  • Promoter56.57%
  • Mutual funds0.13%
  • FII/FPI0.93%
  • Other DII0.25%
  • Public42.12%

Largest holders

NameCategoryShares %Shares
REFEX HOLDING PRIVATE LIMITEDPromoter56.5700%77623085
NETWORK18 MEDIA AND INVESTMENTS LIMITEDPublic1.0000%1375000

As of June 30, 2026. Only holders the filing discloses individually.

Historical promoter holding

Promoters holdings increased from 55.85% to 56.57% in Jun 2026 qtr

Historical fii holding

FII/FPI holdings decreased from 1.65% to 0.93% in Jun 2026 qtr

Historical mutual fund holding

Mutual funds holdings were unchanged at 0.13% in Jun 2026 qtr

All shareholding details →

Insider trading, SAST & pledges

All 28 insider trades, 45 SAST, 16 pledge events →

Latest insider trades

FiledPersonCategoryTypeQuantityValue
29 Mar 2024 SHERISHA TECHNOLOGIES PRIVATE LIMITED (Formerly known as SunEdison Energy India Private Limited) Promoter Buy 0 ₹0
29 Mar 2024 Ugamdevi Jain Promoter group Sell 0 ₹0
29 Mar 2024 Tarachand Jain Promoter Sell 0 ₹0
29 Mar 2024 Anil Jain Promoter Sell 0 ₹0
29 Mar 2024 Dimple Jain Promoter group Sell 0 ₹0
12 Aug 2023 SHERISHA TECHNOLOGIES PRIVATE LIMITED (Formerly known as SunEdison Energy India Private Limited) Promoter Buy 0 ₹0
12 Aug 2023 SHERISHA TECHNOLOGIES PRIVATE LIMITED (Formerly known as SunEdison Energy India Private Limited) Promoter Buy 0 ₹0
11 Aug 2023 SHERISHA TECHNOLOGIES PRIVATE LIMITED (Formerly known as SunEdison Energy India Private Limited) Promoter Buy 0 ₹0
10 Aug 2023 SHERISHA TECHNOLOGIES PRIVATE LIMITED (Formerly SunEdison Energy India Private Limited) Promoter Buy 0 ₹0
13 Oct 2022 SunEdison Energy India Private Limited Promoter Buy 0 ₹0

All insider and SAST disclosures →

Deals (Bulk & Block)

All 485 deals, with filters and CSV →
DateClientDealActionQuantityPriceExchange
27 May 2026 JUNOMONETA FINSOL PRIVATE LIMITED Bulk Sell 721,469 324.6000 NSE
15 Dec 2025 SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED Bulk Sell 877,503 265.2700 NSE
15 Dec 2025 SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED Bulk Buy 877,503 264.3400 NSE
15 Dec 2025 QE SECURITIES LLP Bulk Sell 1,061,048 274.0200 NSE
15 Dec 2025 QE SECURITIES LLP Bulk Buy 1,019,297 276.3600 NSE
15 Dec 2025 MUSIGMA SECURITIES Bulk Sell 693,819 284.4100 NSE
15 Dec 2025 MUSIGMA SECURITIES Bulk Buy 692,664 284.3900 NSE
15 Dec 2025 MATHISYS ADVISORS LLP Bulk Buy 743,786 274.2300 NSE
15 Dec 2025 MATHISYS ADVISORS LLP Bulk Sell 740,897 276.1200 NSE
15 Dec 2025 JUNOMONETA FINSOL PRIVATE LIMITED Bulk Buy 1,424,537 276.1700 NSE

All bulk and block deals →

Corporate Actions

Full history (1 events) →

Bonuses, splits, buybacks and other events. Dividends are listed separately above.

Ex-dateTypeSubject
—NAME_CHANGEName changed from REFEX REFRIGERANTS LTD. to Refex Industries Limited

All corporate actions →

Board Meetings

View board meeting history →

Quarterly results, AGMs, buybacks and other board-approved business.

DatePurposeResults
29 Jul 2026 Financial Results Yes
26 May 2026 Financial Results/Dividend Yes
21 Jan 2026 Financial Results Yes
4 Nov 2025 Financial Results Yes
12 Aug 2025 Financial Results/Dividend Yes

Corporate Announcements

All 10 announcements, with search →

Exchange disclosures (NSE and BSE), most recent first.

DateCategoryAnnouncement
28 Sep 2026 Insider Trading / SAST Refex Industries Ltd - 532884 - Closure of Trading Window
25 Sep 2026 Company Update Refex Industries Ltd - 532884 - Commencement Of Commercial Operations
21 Sep 2026 Company Update Refex Industries Ltd - 532884 - Announcement under Regulation 30 (LODR)-Newspaper Publication
19 Sep 2026 Company Update Refex Industries Ltd - 532884 - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
19 Sep 2026 Company Update Refex Industries Ltd - 532884 - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
16 Sep 2026 Company Update Refex Industries Ltd - 532884 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
16 Sep 2026 Insider Trading / SAST Refex Industries Ltd - 532884 - Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011.
16 Sep 2026 Insider Trading / SAST Refex Industries Ltd - 532884 - Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
4 Sep 2026 Insider Trading / SAST Refex Industries Ltd - 532884 - Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011.
4 Sep 2026 Insider Trading / SAST Refex Industries Ltd - 532884 - Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.

All announcements →

SWOT

Tradinity's own rule-based read of the real ratios elsewhere on this page -- not a copy of any third party's, and never a forward-looking prediction.

Strengths

  • Low financial leverage (Debt/Equity 0.11)
  • Comfortable interest coverage (12.1x)
  • Healthy liquidity (Current Ratio 2.08)
  • Strong revenue growth YoY (69.5%)

Weaknesses

Data unavailable.

Opportunities

  • PEG below 1 (0.29) -- earnings growth outpacing its own valuation
  • PE below 15 (12.5) relative to a typical growth business

Threats

  • Down 27.4% over the past year

Board of directors and corporate information →

F&O

View F&O, Options & Backtest →

Data unavailable (no single-stock futures or options activity on record for this company).

Frequently asked questions about Refex Industries Limited

Where is the share price?

The price at the top of this page is the last traded price from exchange data; during market hours it refreshes on its own. The Chart & Technicals section has the full price history.

Where are the financial results?

The Financials page has quarterly and annual results, ratios, cash flow and the balance sheet, on a standalone or consolidated basis.

Who owns the company?

The Ownership section shows the latest shareholding pattern from exchange filings, with promoter, FII, DII and public holdings by quarter.

Does Tradinity give buy or sell advice?

No. The scores and checklist on this page are rule-based summaries of published figures, not recommendations. Tradinity is not a registered investment adviser.