Refex Industries Limited

Web: refex.co.in NSE: REFEX BSE: 532884 SECTOR: Chemicals - Chemicals & Petrochemicals | Add Note | View Notes

240 10(-4%)

Volume

15L as on 22, Jun

Open

High

Low

250

VWAP

345

52 Week High

382

52 Week Low

188

Viand Research Rating

Quality Score

76/100

Growth Score

94/100

Valuation Score

50/100

Momentum Score

20/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

3,293

No. of Shares

13.7

P/E

47.39

P/B

12.92

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

27.25

ROCE

Profit Growth

Listing Date

03-Dec-09

Rank/Sector Rank

#983/#57

Promoter Holding

55.85%

FII Holding

1.65%

DII Holding

0.14%

Price Chart

Price Performance

1 Week9%

1 Month23%

3 Months71%

6 Months64%

1 Year64%

YTD64%

Moving Average

5 Day SMA328

10 Day SMA318

20 Day SMA314

30 Day SMA299

50 Day SMA280

61 Day SMA266

80 Day SMA0

200 Day SMA0

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	375	344	358	384
Resistance 2	358	342	348	363
Resistance 1	348	339	342	356
Pivot Point	331	337	331	336
Support 1	321	334	321	330
Support 2	304	332	315	309
Support 3	294	329	304	302

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	SOLARINDS	1,74,275	19259	0%	6%	33%	42%	89	47.8	0.24	1737
2	PIDILITIND	1,51,243	1485	1%	3%	13%	2%	62	47.8	0.04	2471
3	SRF	68,326	2305	2%	0%	1%	22%	0	47.8	0.36	1835
4	COROMANDEL	52,671	1785	3%	9%	15%	19%	0	47.8	0.12	1898
5	LINDEINDIA	50,113	5876	3%	2%	14%	1%	0	47.8	0.02	551
6	FLUOROCHEM	47,796	4351	2%	3%	30%	18%	0	47.8	0.35	574
7	FACT	45,392	702	1%	2%	16%	17%	0	47.8	2.95	-40
8	UPL	43,433	514	9%	3%	19%	21%	0	47.8	0.68	2220
9	NAVINFLUOR	41,152	8023	2%	0%	31%	58%	0	47.8	0.01	488
10	PIIND	31,906	2103	3%	3%	30%	38%	0	47.8	0.01	1435
Load More

Shareholding Pattern (%)

	May 2026	Mar 2026	Dec 2025	Oct 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Nov 2024	Sep 2024	Jul 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021
Promoters	(0.01) 55.85%	(0.11) 55.85%	(-0.11) 55.80%	(2.61) 55.92%	(0.01) 53.33%	(0.01) 53.33%	(-0.11) 53.37%	(0.01) 53.49%	(-3.61) 53.49%	(0.01) 57.12%	(1.91) 57.13%	(0.01) 55.28%	(2.01) 55.28%	(-0.11) 53.27%	(0.61) 53.33%	(0.01) 52.70%	(0.01) 52.70%	(2.51) 52.70%	(0.01) 50.21%	(0.01) 50.21%	(0.51) 50.21%	(0.01) 49.72%
FIIs	(0.31) 1.65%	(-0.71) 1.37%	(0.41) 2.03%	(-0.11) 1.60%	(-0.21) 1.71%	(-0.11) 1.86%	(0.21) 2.00%	(0.31) 1.76%	(-0.11) 1.48%	(1.21) 1.53%	(0.11) 0.29%	(0.01) 0.20%	(0.01) 0.22%	(-0.21) 0.20%	(-0.31) 0.41%	(0.61) 0.68%	(0.11) 0.07%	(-0.31) 0.00%	(0.31) 0.29%	(-0.31) 0.00%	(0.01) 0.26%	(0.01) 0.29%
DIIs	(0.01) 0.14%	(0.01) 0.13%	(0.01) 0.16%	(0.01) 0.14%	(0.01) 0.15%	(0.11) 0.16%	(0.11) 0.11%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(-0.11) 0.00%	(-0.11) 0.10%	(0.21) 0.15%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%
Public	42.37%	42.66%	42.01%	42.34%	44.81%	44.65%	44.51%	44.75%	45.02%	41.35%	42.57%	44.51%	44.50%	46.53%	46.17%	46.47%	47.23%	47.30%	49.50%	49.78%	49.53%	49.99%
No. of Shareholders	93,023	94,159	97,015	89,600	89,568	85,429	81,739	81,857	85,136	81,302	69,650	57,639	48,729	42,589	39,568	33,612	28,340	28,287	25,865	27,242	27,135	27,298

Quarterly Results

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2021	Sep 2021	Jun 2021	Mar 2021	Dec 2020	Sep 2020	Jun 2020
Sales	934	576	415	366	594	686	428	591	342	306	352	382	630	90	94	83	152	144	258	78
Sales Growth % (YoY)	57%	-16%	-3%	-38%	74%	124%	22%	55%	-46%	-	-	-	-	-37.9%	-63.6%	6.8%	23%	-39%	60.4%	-44%
Sales Growth % (QoQ)	62.2%	38.8%	13.4%	-38.4%	-13.4%	60.3%	-27.6%	72.8%	11.8%	-13.1%	-7.9%	-39.4%	600%	-4.3%	13.3%	-45.4%	5.6%	-44.2%	230.8%	-
Expenses	775	486	344	329	534	633	385	543	301	272	318	346	557	77	82	72	131	128	236	70
Operating Profit	160	90	71	37	60	53	43	48	41	34	34	36	74	12	12	12	22	16	22	8
OPM %	17	16	17	10	10	8	10	8	12	11	10	10	12	14	13	14	14	11	9	10
Other Income	-8	-3	-4	1	3	16	5	2	8	3	5	2	2	1	2	1	4	0	0	0
Interest	10	9	7	6	5	5	4	6	8	8	6	6	6	2	2	2	8	0	0	0
Depreciation	5	5	5	5	3	3	2	6	4	4	3	3	2	1	1	1	4	0	0	0
Profit before tax	136	73	55	28	55	62	42	39	37	25	30	29	68	9	10	9	13	16	22	7
Tax %	31	28	34	26	13	19	27	25	9	33	29	27	25	28	26	25	41	22	28	26
Net Profit	94	53	36	20	48	50	31	29	33	17	21	21	51	7	7	7	8	12	16	5
Net Profit Growth % (QoQ)	77.4%	47.2%	80%	-58.3%	-4%	61.3%	6.9%	-12.1%	94.1%	-19%	-	-58.8%	628.6%	-	-	-12.5%	-33.3%	-25%	220%	-
Net Profit Growth % (YoY)	95.8%	6%	16.1%	-31%	45.5%	194.1%	47.6%	38.1%	-35.3%	-	-	-	-	-41.7%	-56.2%	40%	-	-	-	-
TTM Net Profit	203	157	154	149	158	143	110	100	92	110	93	72	51	29	34	43	41	33	21	0
EPS in Rs	6.62	3.93	2.9	1.64	3.74	3.88	2.57	2.6	2.96	1.53	1.94	1.92	4.59	0.65	0.71	0.67	0.72	1.15	1.52	0.5

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	2277	2468	1383	1629	633	661	461	77	38	78	85
Sales Growth %	-	78%	-15%	-	-4%	43%	500%	104%	-52%	-8%	-
Expenses	1920	2258	1237	1454	565	609	433	75	36	75	79
Operating Profit	357	210	146	175	68	51	28	2	2	3	6
OPM %	16	8	11	11	11	8	6	2	6	3	7
Other Income	-13	50	18	8	4	-1	2	2	2	0	0
Interest	32	28	29	19	9	1	0	1	3	1	0
Depreciation	20	33	14	7	5	1	1	1	1	1	2
Profit before tax	292	200	121	156	58	48	29	2	1	0	3
Tax %	30	21	23	26	29	31	-10	46	13	-1613	0
Net Profit	204	158	93	116	41	33	32	1	0	5	3
Net Profit Growth %	29.1%	69.9%	-19.8%	182.9%	24.2%	3.1%	3100%	-	-100%	66.7%	-
EPS in Rs	14.82	12.29	8.11	10.5	3.9	3.16	3.01	0.09	0.04	0.51	0.29
Dividend Payout %	0	0	6	4	8	0	0	0	0	0	0

Cash Flows

	Mar 2025	Mar 2024	Mar 2023	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	-265	3	28	123	12	44	-4	4	-25	-3
Cash from Investing Activity	-90	-42	-78	-122	5	0	-1	0	-2	4
Cash from Financing Activity	603	62	60	-5	1	-41	4	-3	26	-2
Net Cash Flow	249	23	10	-4	17	3	-1	1	0	-1

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	27	26	26	24	23	22	21	15	15	15	15	15	15
Reserves	1477	1235	1187	587	442	292	119	60	27	-4	-5	-6	-11
Borrowings	225	174	286	236	215	149	74	9	0	41	35	37	9
Other Liabilities	1114	612	300	208	118	288	128	53	115	45	15	71	56
Total Liabilities	2843	2047	1799	1055	798	752	341	138	159	97	60	118	70
Fixed Assets	220	213	345	271	204	147	87	22	15	14	15	15	16
CWIP	10	13	17	37	9	3	0	0	0	0	0	0	0
Investments	0	39	31	0	74	74	74	0	0	0	0	0	0
Other Assets	2613	1781	1406	747	512	529	181	116	143	83	45	103	54
Total Assets	2843	2047	1799	1055	798	752	341	138	159	97	60	118	70

Delivery

Delivery Data: REFEX

#	Date	236 31% 309	Value (Cr)	Q/T 60	Del 37	Del 13
1	21-Oct	239	7	40	46	3
2	19-Oct	250	6	52	50	3
3	16-Oct	257	3	27	62	2
4	15-Oct	261	4	31	49	2
5	14-Oct	266	36	65	41	15
6	13-Oct	252	5	44	50	3
7	12-Oct	254	3	29	56	2
8	9-Oct	254	6	34	45	3
9	8-Oct	259	4	33	54	2
10	7-Oct	266	5	47	40	2
11	6-Oct	265	8	46	55	4
12	5-Oct	271	12	93	28	3
13	1-Oct	271	9	42	42	4
14	30-Sep	265	8	49	50	4
15	29-Sep	272	4	31	49	2
16	28-Sep	276	6	46	44	2
17	25-Sep	286	7	44	36	2
18	24-Sep	283	5	59	55	3
19	23-Sep	287	7	58	53	4
20	22-Sep	291	15	40	32	5
21	21-Sep	293	214	94	11	24
22	18-Sep	272	6	48	47	3
23	17-Sep	272	13	44	35	5
24	16-Sep	261	7	39	50	3
25	15-Sep	266	5	43	61	3
26	11-Sep	274	6	41	50	3
27	10-Sep	270	4	34	54	2
28	9-Sep	273	5	34	56	3
29	8-Sep	276	4	41	52	2
30	7-Sep	277	5	42	58	3
31	4-Sep	283	7	51	42	3
32	3-Sep	279	4	42	50	2
33	2-Sep	277	6	37	46	3
34	1-Sep	278	7	40	54	4
35	31-Aug	282	8	44	53	4
36	28-Aug	288	6	42	48	3
37	27-Aug	289	10	44	47	5
38	26-Aug	297	10	50	37	4
39	25-Aug	290	15	51	27	4
40	24-Aug	286	8	46	54	4
41	21-Aug	294	4	49	58	2
42	20-Aug	294	6	50	53	3
43	19-Aug	297	4	47	55	2
44	18-Aug	299	8	51	44	3
45	17-Aug	303	17	60	46	8
46	14-Aug	297	12	51	37	4
47	13-Aug	293	5	58	59	3
48	12-Aug	293	10	57	58	5

Daily Market Cap

Date	Total Market Cap	Change	Chg %
21-Oct	3,294c	165c	4.76
19-Oct	3,458c	61c	1.74
17-Oct	3,519c	0	0
16-Oct	3,519c	49c	1.38
15-Oct	3,569c	52c	1.48
14-Oct	3,517c	58c	1.69
13-Oct	3,458c	41c	1.18
12-Oct	3,499c	17c	0.49
09-Oct	3,517c	20c	0.56
08-Oct	3,536c	101c	2.77
06-Oct	3,637c	121c	3.23
05-Oct	3,759c	42c	1.13
01-Oct	3,717c	6c	0.15
29-Sep	3,722c	52c	1.36
28-Sep	3,774c	76c	1.98
25-Sep	3,850c	60c	1.54
24-Sep	3,910c	73c	1.84
22-Sep	3,984c	322c	8.79
17-Sep	3,662c	71c	1.89
10-Sep	3,732c	95c	2.47
07-Sep	3,827c	29c	0.75
04-Sep	3,856c	0	0

Stock Checklist

Price is above from 52 week high low average: 27%

Stock is trading above all short term SMAs: YES

Stock is trading above all long term SMAs: YES

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: YES

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 14 fund scheme(s) across 6 fund house(s) as of Oct26 · Total value ₹9 Cr · 0 increasing / 2 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
Motilal Oswal Mutual Fund	4	0.17%	-	8.5
Motilal Oswal Asset Management Company Limited	2	0.43%	-0.05%	0.4
Groww Mutual Fund	2	0.01%	-	0.1
Mirae Asset Mutual Fund	2	0.00%	-	0
Angel One Mutual Fund	2	0.00%	-	0
Bandhan Mutual Fund	2	0.00%	-	0

Refex Industries Limited

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PIVOT LEVEL

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Shareholding Pattern (%)

Quarterly Results

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Cash Flows

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