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INVESTMENT INSIGHTS

Check Before You Invest : Refex Industries Ltd

BSE: 532884 NSE: REFEX ISIN: INE056I01025
  |   Sector:  Oil & Gas   |   Industry:  Industrial Gases & Fuels

Snapshot

Q.1 Which industry/sub-sector does Refex Industries Ltd belong to?
Refex Industries Ltd belongs to the Oil & Gas sector, operating specifically within the Industrial Gases & Fuels segment.
Q.2 Is Refex Industries Ltd a good quality company?
Refex Industries Ltd is a average quality company, based on a somewhat consistent 10 year financial track record.
Q.3 Is Refex Industries Ltd undervalued or overvalued?
Refex Industries Ltd appears Fair, as its key valuation ratios are in line with their past averages.
Q.4 Is Refex Industries Ltd a good buy now?
Refex Industries Ltd is a good buy now, based on strong price trend analysis suggesting prices may rise. However, you need to check its quality and valuation before making a decision

Performance Analysis

Q.1 Revenue growth of Refex Industries Ltd?
Refex Industries Ltd revenue growth is 77.3% for FY-2025 , which is above its 5 year CAGR of 29.8% , indicating faster growth.
Q.2 Gross Profit margin of Refex Industries Ltd?
Refex Industries Ltd Gross profit margin which is the profit after deduction of direct costs, is 10.3% for FY-2025 , which is in line with its 5 year median of 10.3% , indicating stable margins.
Q.3 Operating Profit Margin of Refex Industries Ltd?
Refex Industries Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 8.91% for FY-2025 , which is below its 5 year median of 10.72% indicating decreasing margins.
Q.4 Net Profit Margin of Refex Industries Ltd?
Refex Industries Ltd Net Profit Margin is 7.79% for FY-2025 , is above with its 5 year median of 7.37%, indicating increasing margins.
Current Level Historic Median
Gross Profit Margin 10.3 10.3
Operating Profit Margin 8.91 10.72
Net Profit Margin 7.79 7.37
Q.5 Return on Asset of Refex Industries Ltd?
Refex Industries Ltd Return on Asset is 15.37%, which is in line with its 5 year historical median of 15.37%, indicating stable asset utilization efficiency.
Q.6 Return on Equity (ROE) of Refex Industries Ltd?
Refex Industries Ltd Return on equity is 24.17% for FY-2025 , which is below its historical median of 28.06%, indicating the business is making worse use of its shareholders capital.
Q.7 Return on capital employed (ROCE) of Refex Industries Ltd?
Refex Industries Ltd Return on capital employed is 26.96% for FY-2025 , which is above its estimated weighted average cost of capital(WACC) 13.5%, indicating value creation.
Q.8 Cash conversion cycle of Refex Industries Ltd?
Refex Industries Ltd Cash conversion cycle is 61 days, above its historical median of 17 days, indicating deteriorated working capital management. However, you need to compare this with its peers in the industry.
Current Level Historic Median
Asset Turnover 1.97 1.97
ROE 24.17 28.06
ROCE 26.96 43.46
Cash Conversion Cycle 61 days 17 days
Q.9 Debt to Equity ratio of Refex Industries Ltd?
Refex Industries Ltd Debt-to-Equity ratio is 0.09 , which is in line with the industry average of 0.09 , indicating similar to debt levels in the industry.
Q.10 Debt to cash flow from operations of Refex Industries Ltd?
Refex Industries Ltd Debt to cash flow from operations is -0.37 , which is at a unhealthy level.

Ownership & governance

Q.1 Promoter shareholding and pledge status of Refex Industries Ltd?
Promoters hold 55.80% of the Refex Industries Ltd, with 28.84% of their stake pledged, indicating high pledge risk.

Peer comparison (industry-wise, mcap)

Q.1 Revenue growth of Refex Industries Ltd vs industry peers?
Refex Industries Ltd revenue CAGR is 29.75% , compared to the industry median CAGR of 4.12% , indicating faster growth and gaining its market share.
Profit Metrics
Current Level Industry Median
Revenue 2,430 35.7
Gross Profit 250.3 0.4
Operating Profit 216 0.3
Net Profit 189 0.1
Operating Efficiency
Current Level Industry Median
Asset Turnover 1.97 0.82
ROE 24.17 3.78
ROCE 26.96 5.33
Cash Conversion Cycle (days) 60.79 48

Valuation & price assessment

Q.1 Stock return of Refex Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 66.3% based on the current price.
Q.2 What return has the stock given over the last decade?
9Y 5Y 3Y 1Y
Share Price 66.3% 63.7% 61.6% -46.2%
Q.3 Valuation ratios of Refex Industries Ltd vs historical?
The current P/E is higher that its historical median.
Q.4 How do the current valuation ratios measure up against the historic numbers and the current industry numbers?
Valuation Ratios Current Historic Median Industry Median
Price to Earnings 15.96 3.52 21.31
Price to Book 2.24 0.00 2.14
Price to Sales 1.7 0.17 1.22
EV to EBITDA 10.1 1.56 5.43

Check more companies

1. Bharat Coking Coal
2. Ellenbarrie Indl.Gas
3. Refex Industries
4. Stallion India Fluor
5. IRM Energy
6. Petro Carbon & Chem.
7. Rajasthan Securities
8. Nilachal Carbo Metal
9. Hilltone Software
10. National Oxygen
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