Debut Plus

₹306.2

▼ -11.01 -3.47%

17 Jul 2026

BSE Listed · Trading

Refex Industries Ltd. (532884)

Volume: 72,160Avg Vol 1W: 62,217Avg Vol 1M: 72,63852W Range:₹188₹454.95
BSE www.refex.co.in
Key Ratios
Checked 8h ago
Market Cap₹4,212 Cr
Current Price₹306.2
Previous Close₹317.21
High / Low (52w)₹454.95 / ₹188
Volume72,160
Avg Vol (1W)62,217
Avg Vol (1M)72,638
Stock P/E17.4
Book Value₹99.39
Dividend Yield32%
ROE16.09%
ROA7.17%
Revenue (TTM)—
Revenue Growth78.45%
Profit Margin8.88%
Total Debt₹91 Cr
Shares Outstanding14 Cr
Face Value₹2
EPS (TTM)₹17.64
P/B3.09
Debt / Equity0.19
50 DMA₹313.12
200 DMA₹286.6
Day change-3.47%
Price Chart
₹306.2▼ 30.55% · 1Y
₹458₹18941.3L
2025-07-17
2026-07-17

20-day avg volume: 77K shares

Pros
  • Healthy return on equity of 16.1%.
  • Pays a dividend yield of 32.0%.
  • Company is almost debt-free.
  • Net profit is growing year over year.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹591 Cr₹428 Cr₹686 Cr₹594 Cr₹366 Cr₹415 Cr₹576 Cr₹934 Cr
EBITDA₹45 Cr₹48 Cr₹75 Cr₹73 Cr₹43 Cr₹71 Cr₹91 Cr₹158 Cr
Net Profit₹30 Cr₹31 Cr₹50 Cr₹48 Cr₹21 Cr₹37 Cr₹54 Cr₹91 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹79 Cr₹463 Cr₹666 Cr₹637 Cr₹1,637 Cr₹1,401 Cr₹2,309 Cr₹2,302 Cr
EBITDA₹3 Cr₹29 Cr₹55 Cr₹67 Cr₹176 Cr₹151 Cr₹246 Cr₹363 Cr
Net Profit₹1 Cr₹32 Cr₹33 Cr₹41 Cr₹116 Cr₹94 Cr₹159 Cr₹203 Cr
EPS0.6120.4421.4121.7310.778.3612.3315.07
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 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2023Mar 2024Mar 2025
Operating₹4 Cr₹-4 Cr₹51 Cr₹24 Cr₹123 Cr₹44 Cr₹27 Cr₹-202 Cr
Investing₹0 Cr₹-1 Cr₹0 Cr₹5 Cr₹-122 Cr₹-78 Cr₹-42 Cr₹-90 Cr
Financing₹-3 Cr₹4 Cr₹-41 Cr₹1 Cr₹-5 Cr₹60 Cr₹62 Cr₹603 Cr
Free Cash Flow₹4 Cr₹-4 Cr₹51 Cr₹24 Cr₹123 Cr₹44 Cr₹27 Cr₹-202 Cr
Shareholding
Promoter 55.85% Institutions 1.79% Public 42.36%
Efficiency & Working Capital
ROCE21%
Interest Coverage10
Dividend Payout—
Debtor Days100 d
Inventory Days1 d
Payable Days25 d
Cash Conversion Cycle76 d
Working Capital Days101 d
Shareholding Details

As of 2026-05-31

Promoter55.8%
FII1.6%
DII0.1%
Institutions1.8%
Public42.4%
Promoter Pledge41.3%
No. of Shareholders93,023
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodNov 2024Nov 2024Dec 2024Mar 2025Jun 2025Sept 2025Oct 2025Oct 2025Dec 2025Mar 2026May 2026May 2026
Promoters53.5%53.5%53.5%53.4%53.3%53.3%55.9%55.9%55.8%55.8%55.8%55.8%
FIIs1.5%1.5%1.8%2%1.9%1.7%1.6%1.6%2%1.4%1.6%1.6%
DIIs0%0%0%0.1%0.2%0.1%0.1%0.1%0.2%0.1%0.1%0.1%
Public45%45%44.7%44.5%44.7%44.8%42.3%42.3%42%42.7%42.4%42.4%
Promoter Pledge15.8%15.8%11.3%10.4%10.4%30.2%27.2%27.2%28.8%41.3%41.3%41.3%
No. of Shareholders85,13685,13681,85781,73985,42989,56889,60089,60097,01594,15993,02393,023
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Refex Holding Private LimitedShareholding of Promoter and Promoter Group55.9%7.66 Cr
Network18 Media And Investments LtdPublic Shareholding1%13,75,000
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
Refex Family TrustShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Ugamdevi Jain00%2026-05-07
Tarachand Jain00%2026-05-07
Anil Jain T00%2026-05-07
Dimple Jain00%2026-05-07
Yash Jain00%2026-05-07
Refex Family Trust00%2026-05-07
Refex Holding Private Limited3.16 Cr41.3%2026-05-07
Network18 Media And Investments Ltd00%2026-05-07
Ugamdevi Jain00%2026-03-31
Tarachand Jain00%2026-03-31
Anil Jain T00%2026-03-31
Dimple Jain00%2026-03-31
Board of Directors
NameDesignationYear
T Anil JainChairman & Managing Director2025
Dinesh Kumar AgarwalWhole Time Director & Chief Financial Officer2025
T. Ramesh DugarIndependent Director2025
Susmitha SiripurapuNon Executive Director2025
Sivaramakrishnan VasudevanIndependent Director2025
Ankit PoddarCompany Sec. & Compli. Officer2025
Latha VenkateshIndependent Director2025
Vineet KothariIndependent Director2025
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
forthcoming2026-07-24Dividend (1/- per share)Final
dividend2025-08-19₹0.5 (25%)Interim 1
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202527500213343
20252720000319
2025000002
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)

9 disclosure(s)

Pledge16/01/2026 · —
Pledge01/08/2025 · 1,29,28,061
-27/03/2024 · 57,93,530
NULL27/03/2024 · 11,58,706
Scheme Of Amalgamation08/09/2022 · 93,86,881
NULL29/03/2022 · 24,77,878
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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