Refex Industries share price
NSE: REFEXBSE: 532884Other UtilitiesSmall Cap
Refex Industries Limited · Formerly Refex Refrigerants · Face value ₹2 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Aug 2007 on BSE, Dec 2009 on NSE
Last close ₹232.30up ₹6.80 (3.02%)BSE ₹232.20
Share price at the NSE close on 27 Oct 2026. Previous close ₹225.50.
27 Oct: open ₹227.00, high ₹238.55, low ₹222.30
52-week range of traded prices to 27 Oct 2026
₹188.00Low, 23 Mar 2026₹382.00High, 6 Nov 2025
- Next results date: the board meets on 28 Oct 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹3,188 Cr922nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 12.96
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹39 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 11.18
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 2.12
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.43%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 18.1%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹39 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 21.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 24.3%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.11
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 2,26,23442.3% delivered
Results
Standalone, as consolidated accounts are on record for only 9 of the last ten years; ₹ crore.Refex Industries quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +26.5%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +63.3%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹619 Crdown 11.67%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹73 Crdown 21.89%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 11.9%
Revenue by quarter
Net profit by quarter, a loss in red
The quarters either side of a change of basis do not compare. From the quarter to Mar 2026, the company's revenue for the year to Mar 2026, ₹2,039 Cr, differs from its quarters added, ₹2,066 Cr.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 520 | 708 | 612 | 365 | 423 | 576 | 701 | 619 |
| Net profit | 37 | 59 | 57 | 33 | 52 | 67 | 94 | 73 |
| Net margin | 7.2% | 8.3% | 9.3% | 9.0% | 12.3% | 11.6% | 13.4% | 11.9% |
Standalone. The last eight quarters. The latest is shaded.
Year to Mar 2026, against the year before
- Revenue
- ₹2,039 Cr
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹246 Crup 29.81%
- Net margin
- 12.1%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2026, the company's revenue for that year, ₹2,039 Cr, differs from its quarters added, ₹2,066 Cr.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 38 | 77 | 461 | 661 | 633 | 444 | 1,629 | 1,371 | 2,430 | 2,039 |
| Net profit | 0 | 1 | 32 | 33 | 41 | 45 | 116 | 101 | 189 | 246 |
| Net margin | 1.2% | 1.2% | 6.9% | 5.0% | 6.5% | 10.2% | 7.1% | 7.4% | 7.8% | 12.1% |
Standalone. Years to March. The latest is shaded.
Business segments
Share of revenue, year to Mar 2026, consolidated. That year's accounts report a discontinued business, which these segments may include.Segment revenue and profit
- Ash & Coal Handling BusinessAsh & Coal Handling Business, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹2,013 Cr83.5%
- WindpowerWindpower, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹238 Cr9.8%
- Green mobilityGreen mobility, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹100 Cr4.1%
- Refrigerant Gas- Manufacturing(Refilling) and SalesRefrigerant Gas- Manufacturing(Refilling) and Sales, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹35 Cr1.4%
- Sale Of ServiceSale Of Service, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹15 Cr0.6%
- Solar Power - Generation and Related ActivitiesSolar Power - Generation and Related Activities, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹10 Cr0.4%
- Power TradingPower Trading, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1 Cr0.0%
- OthersOthers, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1 Cr0.1%
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2026: days before it are of the company before the change.Refex Industries PE ratio and valuation
Price to earnings
At or below today's level on 53% of 2,290 trading days over the last 10 years.
LowestHighest
Its median10.34Industry median17.75
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 88% of 2,388 trading days over the last 10 years.
LowestHighest
Its median0.00%Industry median0.30%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −49.2% | +22.2% | −59.1% | 0.8% |
| 3 years | +58.8% | +19.5% | +32.7% | 0.3% |
| 5 years | +59.3% | +35.7% | +17.1% | 0.3% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1, 3 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.
Mutual fund holdings
8 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 8 of the 8 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.
- AddedAdded. Funds that held more shares than at the end of the month before.
- 1
- CutCut. Funds that held fewer shares than at the end of the month before.
- 7
| Fund | |||
|---|---|---|---|
 Motilal Oswal Nifty Microcap 250 Index FundMotilal Oswal Mutual Fund | 1,60,496 | 0.18% | ₹4.26 Cr |
| Motilal Oswal BSE Clean Environment Index FundMotilal Oswal Mutual Fund | 7,889 | 0.43% | ₹0.21 Cr |
 Groww Nifty Total Market Index FundGroww Mutual Fund | 1,049 | 0.01% | ₹0.03 Cr |
 Angel One Nifty Total Market Index FundAngel One Mutual Fund | 175 | 0.01% | ₹46,420 |
| Motilal Oswal BSE 1000 Index FundMotilal Oswal Mutual Fund | 174 | 0.01% | ₹46,000 |
 Mirae Asset Nifty Total Market Index FundMirae Asset Mutual Fund | 144 | 0.01% | ₹38,000 |
 Bandhan Nifty Total Market Index FundBandhan Mutual Fund | 125 | 0.01% | ₹33,000 |
| Angel One Nifty Total Market ETFAngel One Mutual Fund | 122 | 0.01% | ₹32,360 |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 28 Oct 2025.Refex Industries insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade · 31 pledge filings of unclear kind
- Others: no market trade · 5 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Refex Industries competitors and peers
Waste Management, 16 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Refex Industries in market cap.Utilities companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 EMSEMSLIMITED | 1,620 | 23.78 | 1.54 | −33.9% | −63.1% | 6.7% | 8.4% | 0.51% |
 Antony Waste Handling CellAWHCL | 812 | 13.89 | 1.10 | +11.8% | −31.8% | 8.4% | 7.4% | 0.17% |
 Effwa Infra & ResearchEFFWA | 768 | 26.85 | 6.22 | +36.8% | +42.3% | 26.2% | – | 0.30% |
 Eco RecyclingECORECO | 760 | 31.65 | 6.87 | +31.9% | – | 24.2% | 27.0% | 0.25% |
 Namo eWaste ManagementNAMOEWASTE | 755 | 52.59 | 7.32 | +29.9% | +69.6% | 15.0% | – | 0.00% |
 Z-Tech (India)ZTECH | 601 | 16.30 | 2.68 | +66.7% | +81.6% | 18.7% | – | 0.00% |
 Concord Enviro SystemsCEWATER | 478 | – | 0.84 | −9.0% | – | – | −0.4% | 0.00% |
 VVIP InfratechVVIPIL | 366 | 12.16 | 1.60 | −6.5% | −54.9% | 14.1% | – | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Refex Industries dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹1.50 a share, year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 24 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹1.00 |
| 19 Aug 2025 | Interim | ₹0.50 |
| 20 Feb 2024 | Interim | ₹0.50 |
| 14 Sep 2023 | Final | ₹2.00 |
| 16 Sep 2021 | Final | ₹0.50 |
| 11 Jan 2021 | Interim | ₹1.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Refex Industries announcements
Oct 2026
Refex Industries share price by year
Each calendar year to 2025.Refex Industries share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 259.90 | −45.9% | 518.75 | 250.85 |
| 2024 | 480.80 | +299.6% | 573.75 | 111.34 |
| 2023 | 120.32 | +116.1% | 177.51 | 44.57 |
| 2022 | 55.67 | +96.6% | 64.23 | 20.00 |
| 2021 | 28.32 | +44.3% | 32.97 | 15.87 |
| 2020 | 19.63 | +80.9% | 23.37 | 6.18 |
| 2019 | 10.85 | +168.6% | 25.44 | 3.54 |
| 2018 | 4.04 | −15.7% | 4.82 | 2.32 |
| 2017 | 4.79 | +53.0% | 5.90 | 2.59 |
| 2016 | 3.13 | +82.0% | 4.81 | 1.40 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 227.50 | 229.45 | 219.95 | 225.50 | 225.20 | 1,82,691 | 44.9% |
| 23 Oct 2026 | 239.90 | 239.90 | 222.35 | 226.55 | 226.37 | 2,89,352 | 48.8% |
| 22 Oct 2026 | 238.50 | 245.65 | 234.00 | 235.45 | 238.28 | 2,45,178 | 36.1% |
| 21 Oct 2026 | 250.05 | 251.00 | 235.95 | 239.15 | 240.69 | 2,84,244 | 46.1% |
| 19 Oct 2026 | 257.00 | 259.50 | 248.00 | 249.70 | 253.26 | 2,56,094 | 49.6% |
| 16 Oct 2026 | 261.60 | 262.85 | 256.00 | 256.55 | 258.52 | 1,20,419 | 62.1% |
| 15 Oct 2026 | 265.55 | 268.70 | 260.00 | 261.40 | 263.25 | 1,65,902 | 48.6% |
| 14 Oct 2026 | 252.15 | 275.00 | 251.25 | 266.40 | 263.15 | 13,65,528 | 41.3% |
| 13 Oct 2026 | 255.35 | 257.95 | 249.30 | 252.00 | 252.47 | 2,03,473 | 49.9% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 22 Mar 2024 | Split | 0.2000 | Each share became 5. |
| 16 Jun 2020 | Rights issue | – | Shareholders were offered new shares. Noted, not adjusted for. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.
Company details
- NSE symbol
- REFEX
- BSE code
- 532884
- ISIN
- INE056I01025
- Industry
- Other Utilities
- Website
- www.refex.co.in
- CIN
- L45200TN2002PLC049601
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2002
- Registered office
- 2nd Floor, No.313, Refex Towers, Sterling Road, Valluvar Kottam High Road, Nungambakkam, Chennai 600034, Tamil Nadu
- Share registrar
- Cameo Corporate Services Ltd
- Keeps the register of shareholders and handles transfers and dividend payments