Market Cap ₹1675 Cr.
Stock P/E 0.6
P/B 3.9
Current Price ₹144.8
Book Value ₹ 37.3
Face Value 2
52W High ₹4619.8
Dividend Yield 0.28%
52W Low ₹ 130
Refex Industries Ltd is engaged in the enterprise of refilling of refrigerant gases. The Company is also into sale of electrical energy based on power generation and sale of solar add-ons. It operates via two segments: Refrigerant Gases and Solar Power (which include trading of solar accessories). Its portfolio consists of buying and selling and refilling of refrigerant gases. It has evolved a range of non-flammable and non-toxic replacements. Its variety of Hydro chlorofluorocarbons HCFC meantime products offers medium terms solutions to useful resource the transition from chloro-fluoro-carbons (CFCs). It offers various long-term hydro fluoro carbon (HFC) merchandise: Refex 134A, Refex 141B, Refex 23 and Refex 123. Its merchandise are used in numerous packages, inclusive of business and home refrigeration, commercial and domestic aircon, automotive aircon, chillers for buildings and large systems, aerosol propellants, medical propellants and foam blowing sellers.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
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| #(Fig in Cr.) | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 258 | 144 | 152 | 83 | 94 | 90 | 630 | 382 | 352 | 306 |
| Other Income | 0 | 0 | 4 | 1 | 2 | 1 | 2 | 2 | 5 | 3 |
| Total Income | 258 | 144 | 156 | 85 | 95 | 91 | 632 | 384 | 357 | 309 |
| Total Expenditure | 236 | 128 | 131 | 72 | 82 | 77 | 557 | 346 | 318 | 272 |
| Operating Profit | 23 | 16 | 26 | 13 | 14 | 13 | 75 | 38 | 39 | 37 |
| Interest | 0 | 0 | 8 | 2 | 2 | 2 | 6 | 6 | 6 | 8 |
| Depreciation | 0 | 0 | 4 | 1 | 1 | 1 | 2 | 3 | 3 | 4 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | -0 |
| Profit Before Tax | 22 | 16 | 13 | 9 | 10 | 9 | 68 | 29 | 30 | 25 |
| Provision for Tax | 6 | 3 | 5 | 2 | 3 | 3 | 17 | 8 | 9 | 8 |
| Profit After Tax | 16 | 12 | 8 | 7 | 7 | 7 | 51 | 21 | 21 | 17 |
| Adjustments | 0 | 0 | -0 | 0 | 0 | -0 | 0 | 0 | 0 | -0 |
| Profit After Adjustments | 16 | 12 | 8 | 7 | 7 | 7 | 51 | 21 | 21 | 17 |
| Adjusted Earnings Per Share | 38.1 | 28.7 | 18.1 | 16.8 | 17.8 | 16.3 | 114.6 | 48.1 | 48.5 | 38.2 |
| #(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 25 | 85 | 78 | 38 | 77 | 461 | 661 | 633 | 1629 | 1670 |
| Other Income | 4 | 0 | 0 | 2 | 2 | 2 | 5 | 4 | 8 | 12 |
| Total Income | 28 | 85 | 78 | 39 | 79 | 463 | 666 | 637 | 1637 | 1682 |
| Total Expenditure | 22 | 79 | 75 | 36 | 75 | 433 | 609 | 565 | 1455 | 1493 |
| Operating Profit | 6 | 6 | 3 | 4 | 4 | 30 | 56 | 72 | 183 | 189 |
| Interest | 2 | 0 | 1 | 3 | 1 | 0 | 1 | 9 | 19 | 26 |
| Depreciation | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 5 | 7 | 12 |
| Exceptional Income / Expenses | -0 | -0 | -0 | -0 | 0 | 0 | -6 | 0 | -0 | 0 |
| Profit Before Tax | 1 | 3 | 0 | 1 | 2 | 29 | 48 | 58 | 156 | 152 |
| Provision for Tax | 0 | 0 | -5 | 0 | 1 | -3 | 15 | 17 | 40 | 42 |
| Profit After Tax | 1 | 3 | 5 | 0 | 1 | 32 | 33 | 41 | 116 | 110 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 1 | 3 | 5 | 0 | 1 | 32 | 33 | 41 | 116 | 110 |
| Adjusted Earnings Per Share | 3.7 | 9.5 | 16.6 | 1.4 | 2.9 | 99 | 103.7 | 97.5 | 262.5 | 249.4 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 157% | 52% | 112% | 0% |
| Operating Profit CAGR | 154% | 83% | 115% | 0% |
| PAT CAGR | 183% | 54% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -91% | -40% | -3% | 16% |
| ROE Average | 51% | 48% | 54% | 60% |
| ROCE Average | 66% | 69% | 55% | 38% |
| #(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 1 | 4 | 10 | 10 | 11 | 43 | 76 | 140 | 314 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 35 | 41 | 0 | 0 | 0 | 40 |
| Other Non-Current Liabilities | 5 | 5 | -0 | 1 | 0 | -9 | 10 | 70 | 64 |
| Total Current Liabilities | 29 | 61 | 108 | 13 | 45 | 122 | 63 | 135 | 332 |
| Total Liabilities | 35 | 70 | 117 | 59 | 97 | 156 | 149 | 345 | 750 |
| Fixed Assets | 17 | 16 | 15 | 15 | 14 | 15 | 22 | 87 | 147 |
| Other Non-Current Assets | 6 | 1 | 3 | 4 | 4 | 3 | 7 | 81 | 77 |
| Total Current Assets | 12 | 53 | 100 | 41 | 79 | 138 | 120 | 177 | 526 |
| Total Assets | 35 | 70 | 117 | 59 | 97 | 156 | 149 | 345 | 750 |
| #(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 1 | 1 | 0 | 1 | 1 | 4 | 21 | 0 |
| Cash Flow from Operating Activities | 9 | -3 | -25 | 4 | -4 | 44 | 12 | 123 | 28 |
| Cash Flow from Investing Activities | 13 | 4 | -2 | -0 | -1 | 0 | 5 | -122 | -78 |
| Cash Flow from Financing Activities | -21 | -2 | 26 | -3 | 4 | -41 | 1 | -5 | 60 |
| Net Cash Inflow / Outflow | 0 | -1 | -0 | 1 | -1 | 3 | 17 | -4 | 10 |
| Closing Cash & Cash Equivalent | 1 | 1 | 0 | 1 | -1 | 4 | 21 | 17 | 10 |
| # | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 3.69 | 9.45 | 16.64 | 1.43 | 2.93 | 99.01 | 103.69 | 97.46 | 262.5 |
| CEPS(Rs) | 11 | 17.25 | 19.83 | 3.89 | 5.52 | 102.02 | 108.05 | 110.06 | 278.08 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.3 | 0.4 |
| Book NAV/Share(Rs) | 4.29 | 13.75 | 30.38 | 31.81 | 34.75 | 133.75 | 237.28 | 332.14 | 710.51 |
| Core EBITDA Margin(%) | 9.51 | 6.49 | 3.38 | 5.73 | 2.23 | 6.13 | 7.77 | 10.7 | 10.72 |
| EBIT Margin(%) | 14.03 | 3.58 | 2.11 | 8.09 | 3.8 | 6.33 | 7.4 | 10.56 | 10.79 |
| Pre Tax Margin(%) | 4.61 | 3.54 | 0.4 | 1.38 | 2.24 | 6.26 | 7.27 | 9.14 | 9.6 |
| PAT Margin (%) | 4.61 | 3.54 | 6.82 | 1.2 | 1.21 | 6.86 | 5.01 | 6.47 | 7.12 |
| Cash Profit Margin (%) | 13.74 | 6.46 | 8.12 | 3.26 | 2.28 | 7.07 | 5.22 | 7.31 | 7.55 |
| ROA(%) | 3.34 | 5.74 | 5.68 | 0.52 | 1.19 | 24.97 | 21.72 | 16.59 | 21.2 |
| ROE(%) | 86.01 | 104.82 | 75.4 | 4.59 | 8.82 | 117.52 | 55.89 | 38.03 | 51.17 |
| ROCE(%) | 28.11 | 23.15 | 5.48 | 6.73 | 6.04 | 61.13 | 81.11 | 61.55 | 65.61 |
| Receivable days | 61.87 | 116.06 | 304.59 | 427.08 | 107.31 | 49.09 | 44.13 | 47.66 | 37.88 |
| Inventory Days | 57.55 | 9.96 | 4.28 | 11.64 | 15.21 | 5.07 | 2.97 | 2.5 | 1.83 |
| Payable days | 0 | 0 | 3.93 | 23.75 | 136.76 | 64.56 | 46.63 | 49.05 | 32.42 |
| PER(x) | 11.22 | 5.57 | 2.21 | 65.03 | 24.93 | 1.84 | 1.58 | 4.82 | 4.52 |
| Price/Book(x) | 9.65 | 3.83 | 1.21 | 2.92 | 2.11 | 1.37 | 0.69 | 1.41 | 1.67 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.6 | 0.84 |
| EV/Net Sales(x) | 0.96 | 0.3 | 0.62 | 1.69 | 0.83 | 0.12 | 0.05 | 0.28 | 0.37 |
| EV/Core EBITDA(x) | 3.95 | 4.54 | 18.07 | 16.48 | 16.95 | 1.82 | 0.59 | 2.5 | 3.26 |
| Net Sales Growth(%) | 0 | 245.26 | -7.93 | -51.61 | 103.77 | 499.87 | 43.31 | -4.25 | 157.51 |
| EBIT Growth(%) | 0 | -15.02 | -46 | 87.38 | -4.67 | 891.29 | 67.77 | 36.58 | 163.08 |
| PAT Growth(%) | 0 | 156.08 | 75.98 | -91.42 | 105.48 | 3274.17 | 4.73 | 23.58 | 183.5 |
| EPS Growth(%) | 0 | 156.06 | 75.98 | -91.42 | 105.48 | 3274.17 | 4.73 | -6.01 | 169.33 |
| Debt/Equity(x) | 8.31 | 2.09 | 3.79 | 3.44 | 3.71 | 0.01 | 0.02 | 0 | 0.26 |
| Current Ratio(x) | 0.41 | 0.88 | 0.92 | 3.02 | 1.76 | 1.13 | 1.91 | 1.31 | 1.59 |
| Quick Ratio(x) | 0.27 | 0.87 | 0.91 | 2.93 | 1.64 | 1.07 | 1.86 | 1.27 | 1.55 |
| Interest Cover(x) | 1.49 | 104 | 1.23 | 1.21 | 2.43 | 98.25 | 54.01 | 7.45 | 9.06 |
| Total Debt/Mcap(x) | 0.86 | 0.55 | 3.13 | 1.18 | 1.76 | 0.01 | 0.03 | 0 | 0.16 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 49.72 | 50.21 | 50.21 | 50.21 | 52.7 | 52.7 | 52.7 | 53.33 | 53.27 | 55.28 |
| FII | 0.29 | 0.26 | 0 | 0.29 | 0 | 0.07 | 0.68 | 0.41 | 0.2 | 0.22 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0.15 | 0.1 | 0 | 0 |
| Public | 49.99 | 49.53 | 49.78 | 49.5 | 47.3 | 47.23 | 46.46 | 46.16 | 46.53 | 44.5 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.04 | 1.05 | 1.05 | 1.05 | 1.17 | 1.17 | 1.17 | 1.18 | 1.18 | 6.39 |
| FII | 0.01 | 0.01 | 0 | 0.01 | 0 | 0 | 0.02 | 0.01 | 0 | 0.03 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.05 | 1.04 | 1.05 | 1.04 | 1.05 | 1.04 | 1.03 | 1.02 | 1.03 | 5.15 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2.1 | 2.1 | 2.1 | 2.1 | 2.21 | 2.21 | 2.21 | 2.21 | 2.21 | 11.57 |
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