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₹233.1

▼ -2.45 -1.04%

As of 13 Nov 2026 · delayed

BSE Listed · Trading

Refex Industries Ltd. (532884)

Volume: 10,342Avg Vol 1W: 14,429Avg Vol 1M: 66,27152W Range:₹188₹371.15
Market Cap₹3,199 Cr
Current Price₹233.1
Previous Close₹235.55
High / Low (52w)₹371.15 / ₹188
Volume10,342
Avg Vol (1W)14,429
Avg Vol (1M)66,271
Stock P/E10.75
Book Value₹116.88
Dividend Yield43%
ROE18.56%
ROA7.48%
Revenue (TTM)—
Revenue Growth78.45%
Profit Margin8.11%
Total Debt₹91 Cr
Shares Outstanding14 Cr
Face Value₹2
EPS (TTM)₹21.69
P/B1.99
Debt / Equity0.19
50 DMA₹256.15
200 DMA₹267.54
Day change-1.04%
Price Chart
₹233.1▼ 34.11% · 1Y
₹408₹18941.3L
2025-11-14
2026-11-13

20-day avg volume: 48K shares

Pros
  • Healthy return on equity of 18.6%.
  • Pays a dividend yield of 43.0%.
  • Company is almost debt-free.
Quarterly Results
MetricDec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Revenue₹686 Cr₹594 Cr₹352 Cr₹415 Cr₹576 Cr₹934 Cr₹916 Cr₹761 Cr
EBITDA₹75 Cr₹73 Cr₹43 Cr₹71 Cr₹91 Cr₹158 Cr₹113 Cr₹98 Cr
Net Profit₹50 Cr₹48 Cr₹21 Cr₹37 Cr₹54 Cr₹91 Cr₹64 Cr₹50 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026Jun 2026Sept 2026
Revenue₹594 Cr₹351 Cr₹411 Cr₹576 Cr₹701 Cr₹2,302 Cr₹619 Cr₹560 Cr
EBITDA₹75 Cr₹47 Cr₹78 Cr₹98 Cr₹141 Cr₹363 Cr₹109 Cr₹92 Cr
Net Profit₹57 Cr₹33 Cr₹52 Cr₹67 Cr₹94 Cr₹203 Cr₹73 Cr₹59 Cr
EPS—————15.07——
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹97 Cr₹159 Cr₹138 Cr₹341 Cr₹752 Cr₹798 Cr₹1,799 Cr₹2,843 Cr
Total Liabilities₹86 Cr₹116 Cr₹62 Cr₹202 Cr₹438 Cr₹333 Cr₹587 Cr₹1,334 Cr
Equity₹11 Cr₹43 Cr₹76 Cr₹140 Cr₹314 Cr₹465 Cr₹1,212 Cr₹1,509 Cr
Total Debt————————
Cash Flow
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹-4 Cr₹51 Cr₹24 Cr₹123 Cr₹44 Cr₹27 Cr₹-185 Cr₹126 Cr
Investing₹-1 Cr₹0 Cr₹5 Cr₹-122 Cr₹-78 Cr₹-42 Cr₹-105 Cr₹-268 Cr
Financing₹4 Cr₹-41 Cr₹1 Cr₹-5 Cr₹60 Cr₹62 Cr₹602 Cr₹65 Cr
Free Cash Flow₹-4 Cr₹51 Cr₹24 Cr₹123 Cr₹44 Cr₹27 Cr₹-185 Cr₹126 Cr
Shareholding
Promoter 56.56% Institutions 1.2% Public 42.23%
Efficiency & Working Capital
ROCE24.3%
Interest Coverage10
Dividend Payout—
Debtor Days142 d
Inventory Days12 d
Payable Days74 d
Cash Conversion Cycle80 d
Working Capital Days154 d
Shareholding Details

As of 2026-09-30

Promoter56.6%
FII0.6%
DII0.7%
Institutions1.2%
Public42.2%
Promoter Pledge47.4%
No. of Shareholders89,086
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2024Mar 2025Jun 2025Sept 2025Oct 2025Oct 2025Dec 2025Mar 2026May 2026May 2026Jun 2026Sept 2026
Promoters53.5%53.4%53.3%53.3%55.9%55.9%55.8%55.8%55.8%55.8%56.6%56.6%
FIIs1.8%2%1.9%1.7%1.6%1.6%2%1.4%1.6%1.6%0.9%0.6%
DIIs0%0.1%0.2%0.1%0.1%0.1%0.2%0.1%0.1%0.1%0.4%0.7%
Public44.7%44.5%44.7%44.8%42.3%42.3%42%42.7%42.4%42.4%42.1%42.2%
Promoter Pledge11.3%10.4%10.4%30.2%27.2%27.2%28.8%41.3%41.3%41.3%43.5%47.4%
No. of Shareholders81,85781,73985,42989,56889,60089,60097,01594,15993,02393,02391,03389,086
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Refex Holding Private LimitedShareholding of Promoter and Promoter Group56.6%7.76 Cr
Refex Family TrustShareholding of Promoter and Promoter Group0%0
Ugamdevi JainShareholding of Promoter and Promoter Group0%0
Tarachand JainShareholding of Promoter and Promoter Group0%0
Anil Jain TShareholding of Promoter and Promoter Group0%0
Dimple JainShareholding of Promoter and Promoter Group0%0
Yash JainShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Refex Holding Private Limited3.68 Cr47.4%2026-09-30
Board of Directors
NameDesignationYear
T Anil JainChairman / Executive Director / M D / Promoter2026
Dinesh Kumar AgarwalExecutive Director / Whole Time Director / CFO2026
Susmitha SiripurapuNon-Exec & Non-Independent Dir2026
T. Ramesh DugarIndependent Non Exe. Director2026
Sivaramakrishnan VasudevanIndependent Non Exe. Director2026
Latha VenkateshIndependent Non Exe. Director2026
Vineet KothariIndependent Non Exe. Director2026
Ankit PoddarCompany Sec. & Compli. Officer2026
Segments — Product
SegmentRevenueShare
Coal & Ash Handling Business₹2,013 Cr97%
Refrigerant Gases₹35 Cr1.7%
Sale Of Service₹15 Cr0.7%
Power Trading₹1 Cr0%
Solar Power₹10 Cr0.5%
Others₹1 Cr0.1%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹2952727
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-29Board Meetings—
forthcoming2026-07-24Dividend (1/- per share)Final
dividend2026-07-24₹1 (50%)Final
dividend2025-08-19₹0.5 (25%)Interim 1
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2026403002112519
20261270000127
2026100213
Insider / Designated-Person Trades

17 recent disclosure(s)

SHERISHA TECHNOLOGIES PRIVATE LIMITEDAcquisition · 57,93,530
DIMPLE JAINDisposal · 4,88,570
ANIL JAIN TDisposal · 7,50,000
TARACHAND JAINDisposal · 17,11,395
UGAMDEVI JAINDisposal · 28,43,565
SHERISHA TECHNOLOGIES PRIVATE LIMITEDAcquisition · 72,530
Substantial Acquisitions (SAST)

1 disclosure(s)

Pledge16/01/2026 · —
Company Information
Incorporated2002
ChairmanT Anil Jain
AuditorABCD & Co LLP
Investor Email[email protected]
🌐 www.refex.co.in ↗

📍 67 Bazullah Road, T Nagar, Chennai, Tamil Nadu, 600017

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