REFEX INDUSTRIES LIMITED
REFEX · General/Diversified · NSE
₹298
Current Market Price
Fair Value (DCF)
₹231
Discount to FV
-22.7%
Updated just now
YieldIQ Score
48/100
Piotroski F-Score
5/9
Economic Moat
Narrow
Confidence
28%
ROE
13.1%
Debt/Equity
0.24
WACC
11.1%
Market Cap
₹4,337 Cr
Quality & Valuation
Neutral model outputs — no recommendations.
ROCE
17.0%
Return on capital employed
EV / EBITDA
15.5×
Enterprise multiple
Debt / EBITDA
0.9×
Leverage vs earnings
Interest Coverage
10.0×
EBIT covers interest
Current Ratio
3.49×
Short-term liquidity
Asset Turnover
1.29×
Revenue per ₹ of assets
Revenue CAGR (3Y)
12.1%
3-year revenue growth
Revenue CAGR (5Y)
29.2%
5-year revenue growth
DCF Scenario Analysis
vs CMP ₹298.3
Bear case
Margin of Safety —
Implied upside -104.7%
Base case
Margin of Safety -41.6%
Implied upside -29.4%
Bull case
Margin of Safety +0.7%
Implied upside +0.7%
Ratio Trends
REFEX · last 9 annual periods
ROE
13.1%
ROCE
17.0%
Operating Margin
—
Debt / Equity
0.24×
PE
64.4×
EV / EBITDA
19.1×
Historical Financials
REFEX · Annual, last 5 years· amounts in ₹Cr unless noted
| Metric | 2022 NSE_XBRL | 2023 NSE_XBRL | 2024 NSE_XBRL | 2025 yfinance | 2026 yfinance | CAGR |
|---|---|---|---|---|---|---|
| Revenue | ₹444 Cr | ₹1618 Cr | ₹1377 Cr | ₹2259 Cr | ₹2277 Cr | +50.5% |
| EBITDA | ₹75.9 Cr | ₹173 Cr | ₹152 Cr | ₹279 Cr | ₹422 Cr | +53.6% |
| EBIT | ₹70.6 Cr | ₹176 Cr | ₹151 Cr | — | — | +20.9% |
| PAT | ₹45.4 Cr | ₹116 Cr | ₹93.9 Cr | ₹159 Cr | ₹203 Cr | +45.5% |
| EPS (diluted) | ₹21.61 | ₹53.84 | ₹8.36 | — | — | -21.1% |
| CFO | ₹-16.9 Cr | ₹27.6 Cr | ₹2.8 Cr | ₹-249 Cr | ₹107 Cr | — |
| CapEx | ₹-6.4 Cr | ₹-72.0 Cr | ₹-50.7 Cr | ₹-221 Cr | ₹-200 Cr | — |
| FCF | ₹-23.4 Cr | ₹-44.4 Cr | ₹-47.9 Cr | ₹-469 Cr | ₹-92.5 Cr | — |
| Total Assets | ₹381 Cr | ₹752 Cr | ₹798 Cr | ₹1799 Cr | ₹2843 Cr | +65.3% |
| Total Debt | ₹85.1 Cr | ₹149 Cr | ₹215 Cr | ₹286 Cr | ₹225 Cr | +27.5% |
| Shareholders' Equity | ₹184 Cr | ₹314 Cr | ₹466 Cr | ₹1213 Cr | ₹1504 Cr | +69.1% |
CAGR computed across the visible window. Signs reverse if start value is zero or negative.
Peer Comparison
REFEX vs 5 closest peers by market-cap band
| Peer | MoS | Score | Verdict | ROE | PE |
|---|---|---|---|---|---|
DEEPINDS DEEPINDS | — | — | Pending | 9.0% | — |
TRUALT TRUALT | — | — | Pending | 19.1% | — |
PRABHA PRABHA | — | — | Pending | -0.3% | — |
ANTELOPUS ANTELOPUS | — | — | Pending | 13.7% | — |
 HINDOILEXP HINDOILEXP | — | — | Pending | 4.5% | 24.9× |
Click a ticker to view its fair-value analysis.
Dividend History
5 ex-dividend events on file. Source: NSE corporate-actions feed.
Total paid (5Y)
₹1.10/sh
Last payout
2025-08-19
₹0.50
Peak payout
₹0.50
Trailing yield
0.17%
Amounts parsed from NSE subject lines. Percent-of-face-value declarations are converted using the per-ticker face value (defaults to ₹10).
AI Analysis Summary
Model-generated description of metrics. Not investment advice. REFEX INDUSTRIES LIMITED (REFEX.NS) trades at 298.30 vs a model fair value of 230.55, a gap of -22.7%. Piotroski F-score: 5/9. Moat label...
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Risk profile of REFEX →
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ROE decomposition
Why ROE is what it is →
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Recent activity
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Analyse REFEXNow →Model estimates using publicly available data. Not investment advice. YieldIQ is not registered with SEBI as an investment adviser or research analyst. Past performance does not guarantee future results.