Refex Industries Q1 FY26 Results:
Profit for the period declined 29.5% to ₹21.2 crores in Q1 FY26, from ₹30 crores in Q1 FY25. Total income for the quarter decreased 33.6% year-on-year to ₹394 crores from ₹593 crores.
About Refex Industries Ltd
Refex Industries Limited specializes in manufacturing and refilling environmentally acceptable refrigerant gases. The company was founded in the year 2002. The headquarters of Refex Industries is located in Chennai, Tamil Nadu, India. Its main products include non-ozone-depleting refrigerant gases such as R-134a, R-404a, R-407c, R-410a, and R-32. Aside from this, the company engages in ash and coal handling, power trading, and aerosol propellants. Refex Industries falls under the Industrial Gases & Fuels sector. The company’s focus on quality and innovation ensures it meets the high expectations of its clients and stakeholders. +
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LOGINOver 1 Month
16.67%
Over 6 Months
-7.08%
Over 1 Year
-39.55%
Over 3 Years
182.17%
Refex Industries Ltd Summary
Close ₹296.05
Open ₹301.15
High ₹306.15
Low ₹295
Volume 4,23,253
Net Turnover (in Cr) ₹12.67
52Wk High ₹513.15
52Wk Low ₹188
52Wk High / Low
188
513.15
Refex Industries Ltd Fundamentals
Key Financial Data
Market Cap (in Cr) ₹4,062.38
EPS (TTM) 18.01
Book Value (BV) 114.54
Div. Yield 0.34 %
P/E (TTM) 16.51
Price/Book Value 2.58
Delivery % 40.80 %
Face Value 2
Key Ratios
PE Ratio 25.77
PB Ratio 4.45
EV to Sales 1.95
PEG Ratio 0.38
ROA 13.43
ROE 21.99
Debt-Equity 0.19
Net Profit Margin 7.79
Operating Profit Margin 11.07
Refex Industries Ltd Financials
Profit and Loss
| Particulars (in ₹ Cr.) | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Total Revenue | 2,518.02 | 1,401 | 1,637.44 | 637.10 | 665.54 |
| Total Expenses | 2,318.11 | 1,279.66 | 1,480.80 | 579.25 | 611.70 |
| Profit Before Tax | 199.91 | 121.33 | 156.39 | 57.85 | 48.02 |
| Profit After Tax | 158.38 | 92.98 | 116.06 | 40.94 | 33.13 |
| Operating Profit After Depreciation | 227.61 | 150.69 | 176.04 | 66.82 | 54.74 |
Balance Sheet
| Particulars (in ₹ Cr.) | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Fixed Assets | 352.95 | 204.11 | 146.76 | 86.78 | 21.94 |
| Total Non Current Assets | 417.78 | 295.90 | 226.04 | 170.43 | 30.77 |
| Total Current Assets | 1,381.41 | 502.08 | 526.26 | 170.91 | 107.14 |
| Total Assets | 1,799.19 | 797.98 | 752.30 | 341.34 | 137.92 |
| Total Shareholder's Fund | 1,212.79 | 465.58 | 314.39 | 139.51 | 75.80 |
Cash Flow
| Particulars (in ₹ Cr.) | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Net Cash From Operating Activities | -264.81 | 2.85 | 27.62 | 123.29 | 11.89 |
| Net Cash Used In Investing Activities | -89.70 | -41.87 | -77.56 | -122.27 | 4.56 |
| Net Cash Used In Financing Activities | 603.05 | 61.87 | 59.89 | -4.72 | 0.63 |
Profit and Loss
| Particulars (in ₹ Cr.) | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Total Revenue | 2,482.52 | 1,388.70 | 1,637.44 | 448.98 | 637.10 |
| Total Expenses | 2,241.83 | 1,257 | 1,480.80 | 401.38 | 579.24 |
| Profit Before Tax | 240.69 | 131.70 | 156.39 | 60.98 | 57.86 |
| Profit After Tax | 189.41 | 100.95 | 116.06 | 45.39 | 40.94 |
| Operating Profit After Depreciation | 258.26 | 158.10 | 176.05 | 60.23 | 66.83 |
Balance Sheet
| Particulars (in ₹ Cr.) | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Fixed Assets | 198.86 | 144.20 | 146.76 | 85.03 | 86.78 |
| Total Non Current Assets | 379.24 | 250.87 | 226.14 | 167.46 | 170.48 |
| Total Current Assets | 1,301.72 | 497.41 | 525.91 | 213.47 | 170.92 |
| Total Assets | 1,680.96 | 748.28 | 752.05 | 380.93 | 341.40 |
| Total Shareholder's Fund | 1,250.23 | 472.66 | 314.40 | 183.96 | 139.57 |
Cash Flow
| Particulars (in ₹ Cr.) | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Net Cash From Operating Activities | -262.25 | 9.51 | 27.91 | -13.82 | 123.29 |
| Net Cash Used In Investing Activities | -74.32 | -29.62 | -77.66 | -5.14 | -122.27 |
| Net Cash Used In Financing Activities | 567.61 | 42.83 | 59.64 | 2.01 | -4.72 |
| Particulars (in ₹ Cr.) | 2026-03 | 2025-12 | 2025-09 | 2025-06 | 2025-03 |
|---|---|---|---|---|---|
| Total Revenue | 934.17 | 576.01 | 414.69 | 366.01 | 594.47 |
| Total Expenses | 786.18 | 494.87 | 353.32 | 337.77 | 547.12 |
| Profit Before Tax | 136.45 | 72.76 | 55 | 27.59 | 55.18 |
| Profit After Tax | 94.45 | 52.71 | 36.19 | 20.37 | 47.92 |
| Operating Profit after Depreciation | 151.93 | 86.94 | 66.57 | 38.63 | 63.35 |
| Particulars (in ₹ Cr.) | 2026-03 | 2025-12 | 2025-09 | 2025-06 | 2025-03 |
|---|---|---|---|---|---|
| Total Revenue | 701.03 | 576.01 | 411.05 | 365.26 | 594.47 |
| Total Expenses | 559.89 | 482 | 337.30 | 325.48 | 532.79 |
| Profit Before Tax | 131.46 | 88.94 | 71.55 | 41.40 | 71.42 |
| Profit After Tax | 93.96 | 66.91 | 52.03 | 32.97 | 57.09 |
| Operating Profit after Depreciation | 145.23 | 101.04 | 81.54 | 51.12 | 79.38 |
Refex Industries Ltd Technicals
Support and Resistance
S3 S2 S1 Pivot R1 R2 R3
S1 291.98
S2 287.92
S3 280.83
Pivot 299.07
R1 303.13
R2 310.22
R3 314.28
Moving Average
20 SMA 296.63
50 SMA 263.37
100 SMA 243.78
200 SMA 289.87
Refex Industries Ltd Corporate Actions
Refex Industries Ltd
₹0.5/Share
Announcement Date 19 Aug 2025
Record Date 19 Aug 2025
Div Yield 25%
Refex Industries Ltd Peer Comparison
| Company | Price | Market Cap (in Cr) |
|---|---|---|
| Adani Enterprises Ltd | ₹2,908.15 | ₹3,78,322.69 |
| Premier Energies Ltd | ₹1,053.95 | ₹47,844.22 |
| Aegis Logistics Ltd | ₹927.75 | ₹32,564.03 |
| Redington Ltd | ₹231.05 | ₹18,062.90 |
| Honasa Consumer Ltd | ₹417.80 | ₹13,593.95 |
Refex Industries Ltd Top Mutal Funds Invested
Refex Industries Ltd News
Refex Industries receives order of Rs 36.91 cr
29 May 2026, 01:31 pm
Board of Refex Industries recommends final dividend
Of Rs 1 per share
26 May 2026, 02:52 pm
Refex Industries to discuss results
On 26 May 2026
21 May 2026, 06:17 pm
Refex Industries secures an order worth Rs 20.27 cr
20 May 2026, 02:03 pm
Refex Industries wins order of Rs 36.50 cr
14 May 2026, 09:46 am
Refex Industries Ltd Stock Analysis
- Annual revenue for Refex Industries Ltd increased by 78.76% to ₹2,482.52 crore in FY 2025 from ₹1,388.70 crore in FY 2024.
- Annual Net Profit for Refex Industries Ltd increased by 87.63% to ₹189.41 crore in FY 2025 from ₹100.95 crore in FY 2024.
- Promoter Shareholding in Refex Industries Ltd remains unchanged by 0.00% in the most recent quarter, from 55.85% in March 2026 to 55.85% in May 2026.
- Refex Industries Ltd delivered a 1-year return of -39.55% compared to the Nifty 50, which provided a return of -7.87% as of the last trading session.
- Refex Industries Ltd share price moved up by 4.00% from its previous close of INR ₹296.05. The latest Refex Industries Ltd share price is INR ₹307.90.
- Refex Industries Ltd share price today has been at a low of 302 and a high of 309.40. Over the past 52 weeks, the Refex Industries Ltd share price has seen a low of 188 and a high of 513.15.
About Refex Industries Ltd
Refex Industries Limited focuses on manufacturing and refilling refrigerant gases in India. The company specializes in offering environmentally acceptable gases. However, these gases are alternatives to Chloro-fluoro-carbons (CFCs) that are basically used as foam-blowing agents, refrigerants, and aerosol propellants. Refex Industries also engages in ash and coal handling, power trading, and medical technologies.
Refex Industries falls under the Industrial Gases & Fuels sector. The company has been in business since 2002. Thus, it has decades of experience in the industry. The headquarters of Refex Industries is located in Chennai, Tamil Nadu, India.
The main products of Refex Industries are non-ozone-depleting refrigerant gases such as R-134a, R-404a, R-407c, R-410a, and R-32. The managerial promoters of Refex Industries include Anil Jain and Dinesh Kumar Agarwal. They serve as the Managing Director and WholeTime Director & CFO of the company. The other crucial promoters of Refex Industries involve -
The registered office of Refex Industries is located on the Refex Towers, Sterling Road, Nungambakkam, Chennai (Madras), Tamil Nadu - 600034. Meanwhile, the registrars of the company are situated at Subramanian Building, No.1, Vth Floor, Club House, Chennai (Madras), Tamil Nadu - 600002
Overall, Refex Industries continues to maintain its competitive edge by focusing on quality, innovation, and sustainable development. This ensures it meets the high expectations of its clients and stakeholders.
The company's primary impact lies in its environment-friendly, conscious approach to refrigerant gases. By specializing in non-ozone-depleting refrigerants, Refex Industries has helped reduce environmental damage. Their product line, including R-134a, R-404a, R-407c, R-410a, and R-32, offers safer alternatives to harmful CFCs. This shift has influenced other industry players to adopt more sustainable practices. As a result, their commitment to environmental protection has set new standards in the industrial gases sector.
The diversification into ash and coal handling has created additional employment opportunities. This expansion has contributed to local economic growth in Tamil Nadu. In addition, the power trading activities have helped stabilize energy supply chains in the region. Refex Industries’ venture into medical technologies has strengthened India's healthcare infrastructure. These diverse operations have created a ripple effect across multiple sectors.
Under the leadership of Anil Jain, the company has maintained strong corporate governance. The company's high promoter shareholding indicates its position as a significant player in the industry. Additionally, this high stake ensures alignment between management and shareholder interests. The company's professional management team has implemented robust business strategies. Their focus on quality and innovation has raised industry standards.
Refex Industries has played a vital role in India's transition to greener technologies. Their products help businesses comply with environmental regulations. The company's research and development efforts have advanced refrigerant technology. Their success has encouraged more investments in environmentally friendly industrial solutions. This has accelerated India's progress toward meeting international environmental commitments.
The company's impact extends beyond environmental benefits. They have created many direct and indirect employment opportunities. Refex Industries’ operations have supported local suppliers and service providers. The company's growth has also contributed to Chennai's industrial development. This has attracted more industrial investments to Tamil Nadu.
Refex Industries has also influenced industry practices through its quality standards. Their commitment to innovation has influenced competitors to improve their offerings. The company's success has demonstrated the viability of eco-friendly business models. This has encouraged new entrepreneurs to enter the green technology sector.
Besides this, the company's medical technology division has improved healthcare delivery. Their solutions have helped hospitals operate more efficiently. This has indirectly benefited several patients across India. On the whole, Refex's contribution to the healthcare sector has become particularly relevant in recent years.
Refex Industries has also made significant contributions to India's cold chain infrastructure. Their reliable supply of refrigerant gases has supported the growth of food processing industries. Small businesses and large corporations alike depend on their products for refrigeration needs. Their distribution network ensures consistent availability of essential refrigerant gases across India. This reliability has helped reduce food wastage and supported the agriculture sector.
Refex Industries has transformed India's industrial gas sector through environmental stewardship and innovation. Their impact spans environmental protection, economic growth, and technological advancement. As they continue to evolve, their influence on sustainable industrial practices grows stronger. Also, their success story inspires other companies to prioritize both profit and the planet.
Refex Industries falls under the Industrial Gases & Fuels sector. The company has been in business since 2002. Thus, it has decades of experience in the industry. The headquarters of Refex Industries is located in Chennai, Tamil Nadu, India.
The main products of Refex Industries are non-ozone-depleting refrigerant gases such as R-134a, R-404a, R-407c, R-410a, and R-32. The managerial promoters of Refex Industries include Anil Jain and Dinesh Kumar Agarwal. They serve as the Managing Director and WholeTime Director & CFO of the company. The other crucial promoters of Refex Industries involve -
- Susmitha Siripurapu
- Ramesh Dugar
- Sivaramakrishnan Vasudevan
The registered office of Refex Industries is located on the Refex Towers, Sterling Road, Nungambakkam, Chennai (Madras), Tamil Nadu - 600034. Meanwhile, the registrars of the company are situated at Subramanian Building, No.1, Vth Floor, Club House, Chennai (Madras), Tamil Nadu - 600002
Overall, Refex Industries continues to maintain its competitive edge by focusing on quality, innovation, and sustainable development. This ensures it meets the high expectations of its clients and stakeholders.
Impact of the Company
Refex Industries Limited has emerged as a crucial player in India's industrial gas sector. For decades, the company has been at the forefront of environmental consciousness. Their focus on eco-friendly refrigerant gases has made them a significant contributor to India's green initiatives. Also, the company's strategic location in Chennai has helped them serve clients across the country efficiently.The company's primary impact lies in its environment-friendly, conscious approach to refrigerant gases. By specializing in non-ozone-depleting refrigerants, Refex Industries has helped reduce environmental damage. Their product line, including R-134a, R-404a, R-407c, R-410a, and R-32, offers safer alternatives to harmful CFCs. This shift has influenced other industry players to adopt more sustainable practices. As a result, their commitment to environmental protection has set new standards in the industrial gases sector.
The diversification into ash and coal handling has created additional employment opportunities. This expansion has contributed to local economic growth in Tamil Nadu. In addition, the power trading activities have helped stabilize energy supply chains in the region. Refex Industries’ venture into medical technologies has strengthened India's healthcare infrastructure. These diverse operations have created a ripple effect across multiple sectors.
Under the leadership of Anil Jain, the company has maintained strong corporate governance. The company's high promoter shareholding indicates its position as a significant player in the industry. Additionally, this high stake ensures alignment between management and shareholder interests. The company's professional management team has implemented robust business strategies. Their focus on quality and innovation has raised industry standards.
Refex Industries has played a vital role in India's transition to greener technologies. Their products help businesses comply with environmental regulations. The company's research and development efforts have advanced refrigerant technology. Their success has encouraged more investments in environmentally friendly industrial solutions. This has accelerated India's progress toward meeting international environmental commitments.
The company's impact extends beyond environmental benefits. They have created many direct and indirect employment opportunities. Refex Industries’ operations have supported local suppliers and service providers. The company's growth has also contributed to Chennai's industrial development. This has attracted more industrial investments to Tamil Nadu.
Refex Industries has also influenced industry practices through its quality standards. Their commitment to innovation has influenced competitors to improve their offerings. The company's success has demonstrated the viability of eco-friendly business models. This has encouraged new entrepreneurs to enter the green technology sector.
Besides this, the company's medical technology division has improved healthcare delivery. Their solutions have helped hospitals operate more efficiently. This has indirectly benefited several patients across India. On the whole, Refex's contribution to the healthcare sector has become particularly relevant in recent years.
Refex Industries has also made significant contributions to India's cold chain infrastructure. Their reliable supply of refrigerant gases has supported the growth of food processing industries. Small businesses and large corporations alike depend on their products for refrigeration needs. Their distribution network ensures consistent availability of essential refrigerant gases across India. This reliability has helped reduce food wastage and supported the agriculture sector.
Refex Industries has transformed India's industrial gas sector through environmental stewardship and innovation. Their impact spans environmental protection, economic growth, and technological advancement. As they continue to evolve, their influence on sustainable industrial practices grows stronger. Also, their success story inspires other companies to prioritize both profit and the planet.
FAQ’s
What is the share price of Refex Industries Ltd today?
Refex Industries Ltd share price as on 12 Jun 2026 is ₹ 307.9
What is the Market Cap of Refex Industries Ltd?
The market cap of Refex Industries Ltd stock is ₹4,062.38 Cr.
What is the PE Ratio of Refex Industries Ltd?
The Price to Earnings (P/E) Ratio of Refex Industries Ltd is 25.77
What is the PB Ratio of Refex Industries Ltd?
The Price to Book (P/B) Ratio of Refex Industries Ltd is 4.45
What is the 52 week high of Refex Industries Ltd Share Price?
The 52 week high of Refex Industries Ltd share price stands at ₹513.15
What is the 52 week low of Refex Industries Ltd Share Price?
The 52 week low of Refex Industries Ltd share price stands at ₹188
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