Refex Industries Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Strong return on equity (ROE 17.8%)
- Efficient capital deployment (ROCE 22.7%)
- Attractively valued vs sector (P/E 10.9x vs industry 25.1x)
- Low debt relative to equity (D/E 0.2x)
Concerns
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| WABAG VA Tech Wabag Limited | ₹— | ₹11K Cr | 26.8 | 4.16 | 15.9 | 21.3 | 0.09 |
| IONEXCHANG ION Exchange (India) Limited | ₹— | ₹5K Cr | 45 | 3.3 | 12 | 14.2 | 0.36 |
| EIEL Enviro Infra Engineers Limited | ₹— | ₹3K Cr | 15.4 | 2.89 | 16.8 | 20.2 | 0.26 |
| TECHNOCRAF Technocraft Ventures Limited | ₹— | ₹2K Cr | 42.7 | — | 30.6 | 30.8 | — |
| EMSLIMITED EMS Limited | ₹— | ₹2K Cr | 23.2 | 1.58 | 8.91 | 12.8 | 0.16 |
| AWHCL Antony Waste Handling Cell Limited | ₹— | ₹1K Cr | 17.3 | 1.9 | 10.9 | 11.2 | 0.55 |
| ECORECO Eco Recycling Limited | ₹— | ₹750 Cr | 31.2 | — | 23.6 | 30.8 | — |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
REFEX · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 53.27% | 55.28% | 55.28% | 57.12% | 53.49% | 53.37% |
| FII | 0.20% | 0.22% | 0.20% | 1.53% | 1.76% | 2.00% |
| DII | — | — | — | — | — | 0.11% |
| Public | 46.53% | 44.50% | 44.51% | 41.35% | 44.75% | 44.51% |
Latest News
All newsRefex approves Q2 and half-year financial results
*Refex approves Q2 and half-year financial results*. Refex Industries Limited has approved its unaudited financial results for Q2 and the half-year ended September 30, 2026, on both standalone and consolidated bases. The results were reviewed during the Board meeting held on October 28, 2026. No major deviations or surprises were disclosed in the filing. 📊 *STOCKS:* REFEX | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Earnings
Refex Industries approves Q1 FY27 unaudited financial results
*Refex Industries approves Q1 FY27 unaudited financial results*. The board met on July 29, 2026, to review and approve the unaudited financials for the first quarter ended June 30, 2026. Results are part of the regular financial disclosure cycle. No major deviations or announcements were indicated. 📊 *STOCKS:* $REFEXIND | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Earnings
Refex Industries announces board meeting outcome
*Refex Industries announces board meeting outcome.* The company disclosed the outcomes of its Board Meeting held on June 30, 2026. No major financial decisions or strategic moves were revealed. The update appears to be routine in nature with no immediate market-moving details. 📊 *STOCKS:* REFEXIND | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #BoardMeeting
Refex Industries reports Q2 and half-year results
*Refex Industries reports Q2 and half-year results*. Un-audited financial results for Q2 and the half-year ended September 30, 2026, released on both standalone and consolidated basis. Details include **revenue**, **profit margins**, and operational performance for FY 2026–27. Results may influence near-term trading sentiment. 📊 *STOCKS:* $REFEXIND | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Earnings
Refex Industries bags ash transportation contract
*Refex Industries bags ash transportation contract.* The company secured a slab-wise rate contract from a Maharashtra-based entity for ash transportation. This order strengthens its position in the power logistics segment and may lead to incremental revenue visibility. The contract value was not disclosed. 📊 *STOCKS:* $REFEX | 🏢 *SECTOR:* Orders | #MEDIUMIMPACT #OrderWin
Refex bags ash transportation contract from Maharatna power firm
*Refex bags ash transportation contract from Maharatna power firm.* The company secured a slab-wise rate contract for ash transportation from a Maharatna firm under the Ministry of Power. This win strengthens Refex’s presence in the power logistics segment. Contract terms and **value not disclosed**. 📊 *STOCKS:* $REFEXIND | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #OrderWin
Refex bags order for ash transportation to road sites
*Refex bags order for ash transportation to road sites.* The company has secured a rate contract for ash transportation to road construction sites. This order strengthens its position in the infrastructure logistics segment. **No financial value disclosed**, but adds to order book visibility. 📊 *STOCKS:* $REFEXIND | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Orders
Refex Industries shares unchanged after investor presentation.
*Refex Industries shares unchanged after investor presentation.* The company shared an investor presentation with no major announcements or financial updates. **No material changes** or strategic shifts were disclosed. The document appears to be a routine update for stakeholders. 📊 *STOCKS:* $REFEX | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorPresentation
Refex Industries receives tax appeal order from CGST
*Refex Industries receives tax appeal order from CGST.* The company has received an Order-in-Appeal from the Commissioner (Appeals), CGST & Central Excise, Bhopal, regarding a pending tax matter. This development pertains to ongoing litigation and regulatory compliance. No financial impact quantified yet. 📊 *STOCKS:* $REFEX | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Tax
Refex Industries receives order from IT Commissioner
*Refex Industries receives order from IT Commissioner, Chennai-20.* The company disclosed receipt of a formal order from the Commissioner of Income Tax (Appeals). Details of the order, including financial implications, are not yet specified. This appears to be a procedural or compliance-related development. 📊 *STOCKS:* $REFEX | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Legal