Refex Industries Ltd. (REFEX) fundamentals
Refex Industries Ltd. is a listed company in Chemicals & Petrochemicals, part of the Chemicals sector, listed on the NSE as REFEX (ISIN INE056I01025). This page carries its reported financials, balance sheet, cash flow, shareholding pattern and valuation ratios.
What Refex Industries Ltd. does
Refex Industries Limited is an India-based specialist manufacturer and re-filler of refrigerant gases. The Company offers a range of non-ozone depleting refrigerant gases known as Hydrofluorocarbons (HFC), which are used in air conditioners, refrigerators and refrigerating equipment. It is engaged in supplying automotive air conditioning gases in disposable cans. Its segments include Ash and Coal Handling businesses; Solar Power businesses that include generation and related activities; Refrigerant gas manufacturing; sale of services; Power trading, Green Mobility and other segments. Its refrigerant gases are primarily used as refrigerants, blowing agents and aerosol propellants. It offers a full range of HFC products, which include R134a, R404a, R407c, R410a, R141b, R22, and R32. It handles and disposes fly ash and provides round the clock services for coal yard management, shifting of uncrushed coal, and housekeeping works.
Valuation and market data
| Last close | ₹273.55 |
|---|---|
| Market capitalisation | ₹4,339 crore |
| Enterprise value | ₹4,242 crore |
| P/E (TTM) | 17.90 |
| Price to book | 2.88 |
| Price to sales (TTM) | 1.03 |
| Book value per share | ₹95.10 |
| Dividend yield | 36.56% |
| Sector | Chemicals |
| Industry | Chemicals & Petrochemicals |
| Listed since | Thu Dec 03 |
Annual results
| Period | Revenue | Profit before tax | Net profit | EPS |
|---|---|---|---|---|
| Mar 2026 | ₹2,069 crore | ₹335 crore | ₹247 crore | 18.47 |
| Mar 2025 | ₹2,483 crore | ₹241 crore | ₹189 crore | 15.46 |
| Mar 2024 | ₹1,389 crore | ₹132 crore | ₹101 crore | 9.12 |
| Mar 2023 | ₹1,637 crore | ₹156 crore | ₹116 crore | 10.78 |
Figures are as reported (standalone), in ₹ crore.
Shareholding pattern
As of Jun 2026:
| Promoters | 56.6% |
|---|---|
| Foreign institutions (FII) | 0.9% |
| Mutual funds | 0.1% |
| Other domestic institutions | 0.3% |
| Retail and others | 42.1% |
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Data is sourced from exchange filings and vendor feeds and is for research, not investment advice. Figures can be restated by the company after publication.