Refex Industries Ltd
Refex Industries Limited specializes in trading eco-friendly refrigerant gases and providing comprehensive solutions for responsible coal procurement and ash disposal.[1]
- Market Cap ₹ 6,926 Cr.
- Current Price ₹ 574
- High / Low ₹ 581 / 102
- Stock P/E 60.3
- Book Value ₹ 40.9
- Dividend Yield 0.02 %
- ROCE 28.8 %
- ROE 25.7 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 26.2% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.4%
- Promoter holding has increased by 1.85% over last quarter.
Cons
- Stock is trading at 14.0 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
17 | 25 | 85 | 78 | 38 | 77 | 461 | 661 | 633 | 444 | 1,629 | 1,371 | 1,579 | |
25 | 22 | 79 | 75 | 36 | 75 | 433 | 609 | 565 | 383 | 1,454 | 1,222 | 1,414 | |
Operating Profit | -8 | 2 | 6 | 3 | 2 | 2 | 28 | 51 | 68 | 61 | 175 | 149 | 164 |
OPM % | -46% | 10% | 7% | 3% | 6% | 2% | 6% | 8% | 11% | 14% | 11% | 11% | 10% |
-4 | 3 | -0 | 0 | 2 | 2 | 2 | -1 | 4 | 18 | 8 | 18 | 19 | |
Interest | 1 | 2 | 0 | 1 | 3 | 1 | 0 | 1 | 9 | 13 | 19 | 26 | 24 |
Depreciation | 3 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 5 | 6 | 7 | 9 | 9 |
Profit before tax | -16 | 1 | 3 | 0 | 1 | 2 | 29 | 48 | 58 | 61 | 156 | 132 | 150 |
Tax % | -0% | -0% | -0% | -1,613% | 13% | 46% | -10% | 31% | 29% | 26% | 26% | 23% | |
-16 | 1 | 3 | 5 | 0 | 1 | 32 | 33 | 41 | 45 | 116 | 101 | 115 | |
EPS in Rs | -1.49 | 0.11 | 0.29 | 0.51 | 0.04 | 0.09 | 3.01 | 3.16 | 3.90 | 4.32 | 10.50 | 8.73 | 10.11 |
Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | 8% | -0% | 4% | 6% |
Compounded Sales Growth | |
---|---|
10 Years: | 50% |
5 Years: | 24% |
3 Years: | 29% |
TTM: | -10% |
Compounded Profit Growth | |
---|---|
10 Years: | 56% |
5 Years: | 26% |
3 Years: | 35% |
TTM: | -8% |
Stock Price CAGR | |
---|---|
10 Years: | 82% |
5 Years: | 116% |
3 Years: | 170% |
1 Year: | 351% |
Return on Equity | |
---|---|
10 Years: | 36% |
5 Years: | 34% |
3 Years: | 31% |
Last Year: | 26% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 21 | 21 | 22 | 23 |
Reserves | -15 | -14 | -11 | -6 | -5 | -4 | 27 | 60 | 119 | 163 | 292 | 450 |
34 | 11 | 9 | 37 | 35 | 41 | 0 | 9 | 74 | 85 | 149 | 161 | |
19 | 23 | 56 | 71 | 15 | 45 | 115 | 53 | 128 | 112 | 288 | 114 | |
Total Liabilities | 53 | 35 | 70 | 118 | 60 | 98 | 159 | 138 | 341 | 381 | 752 | 748 |
33 | 17 | 16 | 15 | 15 | 14 | 15 | 22 | 87 | 85 | 147 | 144 | |
CWIP | -0 | 0 | -0 | -0 | -0 | -0 | 0 | -0 | -0 | 0 | 3 | 9 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 74 | 74 | 74 | 81 |
20 | 17 | 54 | 103 | 45 | 83 | 143 | 116 | 181 | 222 | 528 | 514 | |
Total Assets | 53 | 35 | 70 | 118 | 60 | 98 | 159 | 138 | 341 | 381 | 752 | 748 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
12 | 9 | -2 | -25 | 4 | -4 | 44 | 12 | 123 | -14 | 28 | -4 | |
-8 | 13 | 4 | -2 | -0 | 1 | 0 | 5 | -122 | -5 | -78 | -16 | |
-2 | -21 | -2 | 26 | -3 | 4 | -41 | 1 | -5 | 2 | 60 | 43 | |
Net Cash Flow | 1 | 0 | -1 | -0 | 1 | -0 | 3 | 17 | -4 | -17 | 10 | 23 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 168 | 65 | 215 | 376 | 87 | 173 | 69 | 40 | 54 | 96 | 55 | 81 |
Inventory Days | 624 | 174 | 4 | 7 | 22 | 33 | 7 | 2 | 4 | 8 | 3 | 2 |
Days Payable | 1,185 | 321 | 281 | 382 | 156 | 264 | 92 | 27 | 70 | 79 | 49 | 16 |
Cash Conversion Cycle | -393 | -82 | -63 | 1 | -47 | -57 | -15 | 15 | -12 | 24 | 8 | 67 |
Working Capital Days | -91 | -107 | 5 | 132 | 255 | 159 | 9 | 22 | 20 | 84 | 51 | 94 |
ROCE % | -25% | 15% | 24% | 6% | 7% | 6% | 61% | 85% | 45% | 25% | 48% | 29% |
Documents
Announcements
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Board Meeting Intimation for Proposal For Raising Of Funds
1d - Board meeting to consider fund raising options.
- Closure of Trading Window 2d
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Announcement under Regulation 30 (LODR)-Acquisition
14 Sep - Acquisition of 50.01% stake in Refex EV Fleet Services.
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Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
31 Aug - Approval of amendment to Articles of Association.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 30 Aug
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from nse
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Financial Year 2011
from bse
Concalls
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Aug 2024Transcript PPT
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May 2024TranscriptPPT
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May 2024Transcript PPT
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May 2024TranscriptNotesPPT
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Apr 2024TranscriptNotesPPT
Business Verticals
1) Ash & Coal Handling Business (93% in Q1 FY25 vs 72% in FY22): The company entered the ash and coal handling business in 2018, offering services for the processing and disposal of ash and coal. It is the largest organized player in ash handling in India, managing 50,000 MT of ash daily.[1] [2] In FY24, it received significant tenders from NTPC and State Run Power plants for the ash disposal requirements. Other clients include Ultra Tech Cement, Adani, ACC, etc. [3] It caters to 19+ power plants operates across MP, Karnataka, Chhattisgarh, Bihar, Maharashtra, etc.[4]