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INVESTMENT INSIGHTS

Check Before You Invest : Refex Renewables & Infrastructure Ltd

BSE: 531260 NSE: ISIN: INE332F01018
  |   Sector:  Construction & Infrastructure   |   Industry:  Engineering - Construction

Snapshot

Q.1 Which industry/sub-sector does Refex Renewables & Infrastructure Ltd belong to?
Refex Renewables & Infrastructure Ltd belongs to the Construction & Infrastructure sector, operating specifically within the Engineering - Construction segment.
Q.2 Is Refex Renewables & Infrastructure Ltd a good quality company?
Refex Renewables & Infrastructure Ltd is a weak quality company, based on a inconsistent 10 year financial track record.
Q.3 Is Refex Renewables & Infrastructure Ltd undervalued or overvalued?
Refex Renewables & Infrastructure Ltd appears Undervalued, as its key valuation ratios are below with their past averages.
Q.4 Is Refex Renewables & Infrastructure Ltd a good buy now?
Refex Renewables & Infrastructure Ltd is not a good buy now, based on weak price trend analysis suggesting prices may fall. However, you need to check its quality and valuation before making a decision

Performance Analysis

Q.1 Revenue growth of Refex Renewables & Infrastructure Ltd?
Refex Renewables & Infrastructure Ltd revenue growth is -8.9% for FY-2025 , which is above its 5 year CAGR of -17.8% , indicating faster growth.
Q.2 Gross Profit margin of Refex Renewables & Infrastructure Ltd?
Refex Renewables & Infrastructure Ltd Gross profit margin which is the profit after deduction of direct costs, is -47.8% for FY-2025 , which is below its 5 year median of -33.3% , indicating decreasing margins.
Q.3 Operating Profit Margin of Refex Renewables & Infrastructure Ltd?
Refex Renewables & Infrastructure Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is -33.2% for FY-2025 , which is below its 5 year median of -26.17% indicating decreasing margins.
Q.4 Net Profit Margin of Refex Renewables & Infrastructure Ltd?
Refex Renewables & Infrastructure Ltd Net Profit Margin is -48.96% for FY-2025 , is below with its 5 year median of -34.09%, indicating decreasing margins.
Current Level Historic Median
Gross Profit Margin -47.8 -33.3
Operating Profit Margin -33.2 -26.17
Net Profit Margin -48.96 -34.09
Q.5 Return on Asset of Refex Renewables & Infrastructure Ltd?
Refex Renewables & Infrastructure Ltd Return on Asset is -44.25%, which is below its 5 year historical median of -19%, indicating deteriorated asset utilization efficiency.
Q.6 Return on Equity (ROE) of Refex Renewables & Infrastructure Ltd?
Refex Renewables & Infrastructure Ltd Return on equity is 0% for FY-2025 , which is in line with its historical median of 0%, indicating the business is making similar use of its shareholders capital.
Q.7 Return on capital employed (ROCE) of Refex Renewables & Infrastructure Ltd?
Refex Renewables & Infrastructure Ltd Return on capital employed is -125.67% for FY-2025 , which is below its estimated weighted average cost of capital(WACC) 14%, indicating value preservation.
Q.8 Cash conversion cycle of Refex Renewables & Infrastructure Ltd?
Refex Renewables & Infrastructure Ltd Cash conversion cycle is -98 days, below its historical median of 50 days, indicating improved working capital management. However, you need to compare this with its peers in the industry.
Current Level Historic Median
Asset Turnover 0.9 0.71
ROE - -
ROCE -125.67 -27.12
Cash Conversion Cycle -98 days 50 days
Q.9 Debt to Equity ratio of Refex Renewables & Infrastructure Ltd?
Refex Renewables & Infrastructure Ltd Debt-to-Equity ratio is -1.14 , which is lower with the industry average of 0.38 , indicating lower debt levels in the industry.
Q.10 Debt to cash flow from operations of Refex Renewables & Infrastructure Ltd?
Refex Renewables & Infrastructure Ltd Debt to cash flow from operations is -9.4 , which is at a unhealthy level.

Ownership & governance

Q.1 Promoter shareholding and pledge status of Refex Renewables & Infrastructure Ltd?
Promoters hold 74.87% of the Refex Renewables & Infrastructure Ltd, with 16.87% of their stake pledged, indicating high pledge risk.

Peer comparison (industry-wise, mcap)

Q.1 Revenue growth of Refex Renewables & Infrastructure Ltd vs industry peers?
Refex Renewables & Infrastructure Ltd revenue CAGR is -17.78% , compared to the industry median CAGR of 0% , indicating slower growth and losing its market share.
Profit Metrics
Current Level Industry Median
Revenue 18.8 103.6
Gross Profit -9.1 5.2
Operating Profit -6 6
Net Profit -9 2.6
Operating Efficiency
Current Level Industry Median
Asset Turnover 0.9 0.63
ROE - 6.64
ROCE -125.67 11.13
Cash Conversion Cycle (days) -97.61 51

Valuation & price assessment

Q.1 Stock return of Refex Renewables & Infrastructure Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 48.9% based on the current price.
Q.2 What return has the stock given over the last decade?
9Y 5Y 3Y 1Y
Share Price 48.9% 46.5% -8.3% -64.6%
Q.3 Valuation ratios of Refex Renewables & Infrastructure Ltd vs historical?
The current P/E is similar 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 - 0.00 27.03
Price to Book -2.07 -7.34 1.70
Price to Sales 13.42 2.73 1.45
EV to EBITDA -47.52 -66.12 11.36

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4. Ircon International
5. Techno Electric &Eng
6. Engineers India
7. Afcons Infra
8. Waaree Renewables
9. Cemindia Projects
10. NCC
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