Refex Industries Limited

Refex Industries Limited (REFEX) is a micro-cap Utilities company valued at ₹3,526 crore operating in Waste Management on the NSE and BSE.

Recent price move

Refex Industries Limited last traded at ₹256.45, modestly down 1.89% on the day.

Recent developments

On 2026-09-21, Refex Industries' share price jumped 4% following news of a ₹160 crore order win ahead of a board meeting. On 2026-09-19, the company secured a ₹160 crore contract to lift 10 MT of pond ash and fly ash, contributing to recent positive momentum.

Financial performance

The company's business is improving, with annual revenue rising 0.8% and net profit growing 28.9%. The latest quarter saw revenue surge 160.3% and net profit jump 222.8% compared to the same quarter a year earlier. Margins have widened, with the net profit margin rising 2.0 percentage points to 8.9%, and returns remain strong at 13.5% on equity and 21.0% on capital employed.

Valuation multiples

The stock trades at 16.8 times earnings, broadly in line with the Utilities median of 18.1, 2.72 times book value. It yields 0.6%.

Things to watch

The stock is 29.1% below its 52-week high, and promoter shares pledged account for 43.51% of their holding. While the company has strong growth in recent quarters, the market cap remains small at ₹3,724 crore, and the price is significantly lower than its recent peak.

Where it stands

Refex Industries has delivered strong growth in the latest quarter, with revenue and net profit both rising sharply compared to the same period a year ago. The company's net profit margin has widened, and returns remain robust. The stock is currently 29.1% below its 52-week high.

Summarised by DocStoX's model on 2026-10-03 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.