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Refex Industries Ltd Stock Analysis

Small Cap
Evaluated by 451 users | BSE: 532884 | NSE: REFEX |
Industrial Gases & Fuels
Refex Refrigerants Limited was incorporated as Refex Refrigerants Private Limited on September13,2002 under the Companies Act 1956. The Company was converted into a Public Limited Company on 13th March 2006 with the name ‘Refex Refrigerants Limited. Tarachand Jain, is the founder and...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Jun'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed -13.93%13.7%-33.21%-28.55%12.29%23.5%20.81%4.93%3.66%66.48%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 41.310741.916.924.584.77837.776.9461
Y-o-Y Gr. Rt.-158.7%-60.8%-59.6%44.8%245.3%-7.9%-51.6%103.8%499.9%
Adjusted EPS (Rs.) -7.936.03-14.51-7.870.741.933.330.290.5919.74
Y-o-Y Gr. Rt.-NA-340.6%NANA160.8%72.5%-91.3%103.5%3245.8%
Book Value per Share (Rs.) 15.2232.779.640.120.862.776.16.386.9826.78
Adjusted Net Profit -12.79.6-23.2-12.61.23.15.30.50.931.5
Net Op. Cash Flow (Rs. Cr.) 13.911.12.511.68.8-2.4-24.64.2-4.444.2
Debt to Cash Flow from Ops 2.284.1914.312.91.3-3.87-1.58.38-9.340.01
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Refex Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 30.7%79.8%80.9%499.9%
Adjusted EPS NA92.9%81%3245.8%
Book Value per Share 6.598.963.7283.7
Share Price 31.5% 69.5% 67.6% 105.4%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Jun'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) -39.3720.28-84.13-156.81151.68106.3775.244.698.79116.98
Operating Profit Margin (%) -14.2414.31-41.71-45.69.916.573.395.822.326.13
Net Profit Margin (%) -30.669.02-55.3-74.274.833.646.831.241.226.84
Debt to Equity 1.310.892.29176.058.312.083.783.433.70.01
Working Capital Days 31024239753325314936369829887
Cash Conversion Cycle 126157302364141126305418-6-9
Entity Percentage Holding
Promoters 49.72%
Non-Institutions 50.28%
Pledged *27.6927.6927.692.812.812.812.812.812.811.44
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Refex Industries Ltd's performance infers:

Refex Industries Ltd earnings have grown by 92.9%, whereas share price has appreciated 69.5% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Refex Industries Ltd share prices over the last 10 years. Here is what we found out:

Refex Industries Ltd share price has appreciated 11% annually over the past ten years.

Refex Refrigerants Limited was incorporated as Refex Refrigerants Private Limited on September13,2002 under the Companies Act 1956. The Company was converted into a Public Limited Company on 13th March 2006 with the name ‘Refex Refrigerants Limited. Tarachand Jain, is the founder and Chairman of the company.

Refex Refrigerants is a specialist refiller and distributor of Refrigerant gases in India particularly, environmentally acceptable gases that are
Refex Refrigerants Limited was incorporated as Refex Refrigerants Private Limited on September13,2002 under the Companies Act 1956. The Company was converted into a Public Limited Company on 13th March 2006 with the name ‘Refex Refrigerants Limited. Tarachand Jain, is the founder and Chairman of the company.

Refex Refrigerants is a specialist refiller and distributor of Refrigerant gases in India particularly, environmentally acceptable gases that are replacements for chloro-fluoro-carbons (CFC's). These Refex Refills Refrigerants are used primarily as refrigerants, foam blowing agents and aerosol propellants.

RRL exercise superior quality control and efficiency with the aid of sophisticated and novel computer technology. Refex is committed to the responsible treatment of both human beings and the environment: the standards it upholds-governing quality, environmental protection, and product and workplace safety are documented in guidelines for the various business segments and form an integral part of the Group's corporate strategy.

Refex is committed to being an exemplary player in terms of safety, protection of health and the environment, and sustainable development. The Group's policy is underpinned by strong values shared across the Company: spirit of initiative, commitment to progress, professionalism, solidarity, openness, and dialogue.

For a number of years, Refex has been committed to a continuous improvement approach concerning safety and the protection of health and the environment, with three paramount objectives

Product range of the company includes:

  • Refex 134aIt is used in new medium-and high-temperature stationary commercial refrigeration, as well as chiller systems and home appliances. In addition, it can be used to retrofit existing R-12 refrigeration and air conditioning systems. It is also the global standard for new mobile air conditioning and can be used to retrofit existing R-12 mobile air conditioning systems.
  • R 404A refrigerant -R 404A continues to lead the way as the global industry standard HFC refrigerant for new commercial refrigeration applications. R 404A delivers exceptional capacity and efficiency as an R-502 and R-22 replacement in refrigeration applications and is approved for use by the leading compressor and equipment manufacturers worldwide.
  • Refex 23 refrigerant -Refex 23 is an HFC retrofit refrigerant for R-13 and R-503 in very low temperature applications [below -40°F to -100°F (-40°C to -73°C)] such as medical freezers and environmental chambers. It can be used in new systems as well as to retrofit existing systems. 
  • Refex 123 refrigerant -Refrigerant for R-11 in low-pressure centrifugal chillers. New centrifugal equipment design provides excellent energy efficiency. In retrofits of existing centrifugal chillers, systems modifications are often needed to increase capacity or avoid material incompatibility. 
  • REFEX 141b -141b is ideal for spray since it is a liquid at atmospheric conditions and has low vapor thermal conductivity. These properties allow the production of easy to process polyurethane chemicals and the production of polyurethane foam with excellent physical properties.
  • Cans- RRL is a front-runner in the trade of refilling ozone friendly (HFC) gases used in mobile air conditioning and refrigeration. We are credited for many industry firsts and as a part of our incessant innovation; we are introducing REFEX 134a refrigerant cans.


Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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