Refex Industries Ltd Stock Analysis

BSE: 532884 | NSE: REFEX | Industrial Gases & Fuels | Small Cap

BSE Share Price 25-Nov-2022 18:01
253.60 12.55 (5.21%)

DeciZen - Make an Informed Decision on Refex Industries

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Refex Industries Price Chart

P/E Ratio (SA) :
8.00
Market Cap :
560.6 Cr.
52-wk low :
96.5
52-wk high :
272.5
Bole Toh?

1. Is Refex Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Refex Industries Ltd is a average quality company.

2. Is Refex Industries Ltd undervalued or overvalued?

The key valuation ratios of Refex Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Refex Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Refex Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Refex Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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.
Refex Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % -28.6%12.3%23.5%20.8%4.9%3.7%66.5%62.2%43.4%25.1%-
Value Creation Index -3.0-0.10.70.5-0.7-0.73.83.42.10.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 16.924.584.77837.776.9461661633444885
YoY Gr. Rt. %-44.8%245.3%-7.9%-51.6%103.8%499.9%43.3%-4.3%-29.8%-
Adj EPS -7.90.71.93.30.30.619.723.119.51731.7
YoY Gr. Rt. %-NA160.8%72.5%-91.3%103.5%3245.8%17.1%-15.8%-12.5%-
BVPS (₹) 0.10.92.86.16.4726.847.566.587.6107.5
Adj Net Profit -12.61.23.15.30.50.931.536.940.935.770
Cash Flow from Ops. 11.68.8-2.4-24.64.2-4.444.211.9123-17-
Debt/CF from Ops. 2.91.3-3.9-1.58.4-9.300.10-0.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 43.8%63.7%-1.3%-29.8%
Adj EPS NA125.8%-4.8%-12.5%
BVPS 10868.948.431.8
Share Price 57.3% 57.6% 57.9% 97%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -156.8151.7106.475.24.78.811762.237.922.132.5
Op. Profit Mgn % -45.69.96.63.45.82.36.17.810.71310.5
Net Profit Mgn % -74.34.83.66.81.21.26.85.66.58.17.9
Debt to Equity 176.18.32.13.83.43.70000.10
Working Cap Days 53325314936369829887677916177
Cash Conv. Cycle 364141126305418-6-9131728

Recent Performance Summary

Sales growth is good in last 4 quarters at 118.12%

Return on Equity has declined versus last 3 years average to 32.50%

Sales growth has been subdued in last 3 years -1.25%

Net Profit has been subdued in last 3 years -4.82%

Latest Financials - Refex Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 31.7 13.1
TTM Sales (₹ Cr.) 885 420
BVPS (₹.) 107.5 78.6
Reserves (₹ Cr.) 215 152
P/BV 2.36 3.22
PE 8.00 19.35
From the Market
52 Week Low / High (₹) 96.50 / 272.50
All Time Low / High (₹) 1.68 / 305.18
Market Cap (₹ Cr.) 561
Equity (₹ Cr.) 22.1
Face Value (₹) 10
Industry PE 9.6

Management X-Ray of Refex Industries :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *2.811.441.441.441.441.441.441.421.421.42
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Refex Industries

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Refex Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Refex Industries on 25-Nov-2022 18:01 is : 253.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 25-Nov-2022 18:01 the market cap of Refex Industries stood at ₹ 560.6.
The latest PE ratio of Refex Industries as of 25-Nov-2022 18:01 is 8.00.
The latest PB ratio of Refex Industries as of 25-Nov-2022 18:01 is 2.36
The 52-week high of Refex Industries is ₹ 272.5 and the 52-week low is ₹ 96.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Refex Industries is ₹ 885.3 ( Cr.) .

About Refex Industries Ltd

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.


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