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Refex Industries Limited (REFEX.NS)

INR322.10 -13.65 (-4.07%)
IN NSE Energy Coal
Address Bascon Futura IT Park 600017
Chennai, IN
CEO T. Anil Jain
IPO 2009-12-03
ISIN INE056I01025

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Also trades on Bombay Stock Exchange · REFEX.BO (INR) National Stock Exchange of India · REFEX.NS (INR)
Description

Refex Industries Limited, an Indian firm, specializes in the responsible handling and disposal of fly ash generated by power plants. Its diversified operations encompass several key areas: the management of coal and ash, the generation and related activities concerning solar power, and the production, refilling, and distribution of refrigerant gases, alongside a broader segment for service provision. A significant aspect of its business involves refilling hydrofluorocarbons (HFCs), which are vital for air conditioning units in both vehicles and homes, as well as various refrigeration systems. Furthermore, the company is engaged in producing and supplying solar electricity, trading in coal and solar accessories, and offering specialized services such as coal crushing and extensive coal yard management. The company, established in 2002 and headquartered in Chennai, India, was originally known as Refex Refrigerants Limited until it adopted its current name, Refex Industries Limited, in November 2013.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR322.10 -13.65 (-4.07%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
1.73
Float Shares
57.83M
Free Float %
42.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+5.05% +1.30% +21.67% +57.05% +22.01% +19.66% -34.42% +198.78% +981.74% +12,912.55% +5,032.01%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
322.10
DCF (Unlevered) 5.53 -98.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Quality scores
Altman Z-Score
3.69
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
1 / 5
Low
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Coal: -9.5%
    -7.7% Q1'26: +48.8% (vs Q1'25)
  • EPS growth Coal: -15.8%
    +21.7% Q1'26: +85.8% (vs Q1'25)
  • FCF margin FCF growth · Coal: +4.7%
    -1.8% Q1'26: +4.8% (vs Q1'25)
  • EBIT margin Coal: +10.5%
    +14.8% Q1'26: +16.5% (vs Q1'25)
  • ROIC Coal: +3.2%
    +18.5% Q1'26: +33.0% (vs Q1'25)
  • Share dilution Coal: +0.0%
    +5.2% Q1'26: +1.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Coal: -0.13×
    0.63× Q1'26: 0.35× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.73) × ERP
WACC = 95% × Ke + 5% × Kd (14.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 5.69 Current price: 322.10
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-12 A- 4/5 1/5 4/5 5/5 4/5 3/5 3/5
2026-06-11 A- 4/5 1/5 4/5 5/5 4/5 3/5 3/5
2026-06-10 A- 4/5 1/5 4/5 5/5 4/5 3/5 3/5
2026-06-09 A- 4/5 1/5 4/5 5/5 4/5 3/5 3/5
2026-06-08 A- 4/5 1/5 4/5 5/5 4/5 3/5 3/5
2026-06-05 A- 4/5 1/5 4/5 5/5 4/5 3/5 3/5
2026-06-04 A- 4/5 1/5 4/5 5/5 4/5 3/5 3/5
2026-06-03 A- 4/5 1/5 4/5 5/5 4/5 3/5 3/5
2026-06-02 A- 4/5 1/5 4/5 5/5 4/5 3/5 3/5
2026-06-01 A- 4/5 1/5 4/5 5/5 4/5 3/5 3/5
2026-05-29 A- 4/5 1/5 4/5 5/5 4/5 3/5 3/5
2026-05-27 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-26 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-25 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-22 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-21 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-20 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-19 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-18 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-15 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-14 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-13 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-12 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-11 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-08 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
21.34B
OE per share TTM
167.34
Owner's Yield
50.02%
Maintenance CapEx ratio
2,481.80%
Maint CapEx / Avg PPE
248.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
18.43M
Shares Outstanding
137.22M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
T. Anil Jain Executive Chairman & MD 12M male
Dinesh Kumar Agarwal Chief Financial Officer & Whole-Time Director male
Gautam Jain Head of Investor Relation male
Harini Sriraman VP & Group General Counsel female
Sahil Singla President of Corporate Finance male
Srivaths Varadharajan Group Chief Technology Officer male
Srividya Nirmalkumar Vice President of Corporate Communications female
Suhail Shariff Vice President of Administration & Facility male
Ankit Poddar Company Secretary & Compliance Officer male
Uthayakumar Lalitha President of Refrigerant Gas Business female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits