Refex Industries Ltd Stock Price Today (NSE: REFEX)
Fundamental Score
Refex Industries Ltd Share Price Live NSE/BSE & Institutional Fundamental Analysis
Refex Industries Ltd share price today is ₹241.48, up +0.00% on NSE/BSE as of 20 February 2026. Refex Industries Ltd (REFEX) is a Small-cap company in the Industrial Gases sector with a market capitalisation of ₹4.62K (Cr). The 52-week high for REFEX share price is ₹N/A and the 52-week low is ₹N/A. At a P/E ratio of 26.33x, REFEX is currently trading below its industry average P/E of 45.88x. The company has a Return on Equity (ROE) of 18.91% and a debt-to-equity ratio of 0.14.
Refex Industries Ltd Share Price Chart — NSE/BSE Historical Performance
Returns & Performance
ROE
ROCE
OPM (5Y)
Div Yield
Refex Industries Ltd Valuation Check
P/E Ratio
Industry P/E
Market Cap
Growth Engine
Profit Growth (Q)
Sales Growth (Q)
Sales Growth (5Y)
EPS Growth (5Y)
Profit Growth (5Y)
Balance Sheet Health
Debt to Equity
Int. Coverage
Free Cash Flow (5Y)
Shareholding
Promoter
FII
DII
Pledged
Institutional Deep-Dive
Bull Run Research Hub
Refex Share Price: Financial Stability Analysis
Within the industrial gases sector, a critical yet often overlooked aspect is the efficient conversion of feedstock into high-value products, directly impacting profitability. This analysis examines the financial stability of Refex Industries Ltd, focusing on key metrics influencing its "Refex share price." Currently, the Refex share price stands at ₹227.85, reflecting investor sentiment and market conditions. This analysis is part of an 80-parameter fundamental audit, verified by Sweta Mishra.
A crucial indicator of a company’s financial health is its Price-to-Earnings (PE) ratio. Refex Industries Ltd has a PE of 26.33. This suggests that the market is willing to pay ₹26.33 for every rupee of earnings. While this number alone isn't definitive, comparing it with sector peers offers valuable insights. For instance, considering
Gagan Gases Ltd, the management quality and operational efficiency of Refex Industries Ltd contribute significantly to its PE valuation relative to others in the industrial gases space. Differences in management approach towards innovation and capital expenditure can cause differences in PE valuations.A significant strength bolstering Refex's financial stability is its Return on Capital Employed (ROCE) of 20.89%. This indicates that for every ₹100 invested in the business, Refex generates approximately ₹20.89 in earnings. A high ROCE, such as this, can be considered a defining factor in the company's competitive moat, by making it harder for other companies to produce similar profits. A consistent high ROCE allows the company to reinvest profits efficiently, drive future growth, and potentially increase shareholder value.
The competitive landscape, including companies like Stallion India Fluorochemicals Limited and Natl Oxygen, further contextualizes Refex's financial position. Each peer operates with varying capital structures, operational strategies, and risk profiles, impacting their valuations. Observing these factors alongside Refex's ROCE and PE provides a holistic understanding of its financial resilience within the industrial gases market. This analysis aims to contribute to a deeper understanding of the factors influencing Refex's financial health, but it remains observational and does not constitute investment advice.
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Refex Industries Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of REFEX across key market metrics for learning purposes.
Positive Indicators
10 factors identified
Strong Return on Equity (18.91%)
Observation: Efficient use of shareholders' capital generating superior returns.
Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.
Excellent ROCE Performance (20.89%)
Observation: Superior returns on capital employed across business operations.
Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.
Attractive Valuation (P/E: 26.33 vs Industry: 45.88)
Observation: Trading at discount to industry peers.
Analysis: P/E below industry average may present value opportunity.
Robust Profit Growth (41.07%)
Observation: Strong year-over-year profit expansion demonstrates business momentum.
Analysis: Profit growth >20% indicates effective execution and market opportunity capture.
Consistent Growth Track Record (30.15% CAGR)
Observation: Strong 5-year sales compound annual growth rate.
Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.
Excellent EPS Growth (27.84% CAGR)
Observation: Outstanding 5-year earnings per share compound growth.
Analysis: EPS CAGR >15% indicates strong wealth creation potential.
Strong Profit Growth Track Record (33.25% CAGR)
Observation: Consistent 5-year profit compound annual growth rate.
Analysis: Profit CAGR >15% demonstrates scalable business model.
Conservative Debt Levels (D/E: 0.14)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Strong Interest Coverage (8.50x)
Observation: Earnings comfortably cover interest obligations.
Analysis: Interest coverage >5x indicates low financial distress risk.
Balanced Promoter Holding (55.91%)
Observation: Optimal balance between promoter control and public float.
Analysis: Promoter holding in 50-75% range provides management alignment.
Risk Factors
2 factors identified
Limited Institutional Interest (FII+DII: 1.74%)
Observation: Low institutional participation may affect liquidity.
Analysis: Limited institutional interest may indicate size constraints or visibility issues.
High Share Pledging Risk (27.20%)
Observation: Significant promoter share pledging creates potential overhang.
Analysis: High pledging levels may create selling pressure during market downturns.
Refex Industries Ltd Financial Statements
Comprehensive financial data for Refex Industries Ltd including income statement, balance sheet and cash flow
About REFEX (Refex Industries Ltd)
Refex Industries Ltd (REFEX) is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) of India. The company operates in the Industrial Gases sector with a current market capitalisation of ₹4.62K (Cr). Refex Industries Ltd has delivered a Return on Equity (ROE) of 18.91% and a ROCE of 20.89%. The debt-to-equity ratio stands at 0.14, reflecting the company's capital structure. Investors tracking REFEX share price can monitor key metrics including P/E ratio, promoter holding of 55.91%, and quarterly earnings growth.
Company Details
Key Leadership
Corporate Events
REFEX Share Price: Frequently Asked Questions
What is the current share price of Refex Industries Ltd (REFEX)?
As of 20 Feb 2026, 06:21 am IST, Refex Industries Ltd share price is ₹241.48. The REFEX stock has a market capitalisation of ₹4.62K (Cr) on NSE/BSE.
Is REFEX share price Overvalued or Undervalued?
REFEX share price is currently trading at a P/E ratio of 26.33x, compared to the industry average of 45.88x. Based on this relative valuation, the Refex Industries Ltd stock appears to be Undervalued against its sector peers.
What is the 52-week high and low of REFEX share price?
The 52-week high of REFEX share price is ₹N/A and the 52-week low is ₹N/A.
What factors affect the Refex Industries Ltd share price?
Key factors influencing REFEX share price include quarterly earnings growth (Sales Growth: -0.27%), raw material costs, government infrastructure spending, and institutional flows (FII/DII holding).
Is Refex Industries Ltd a good stock for long-term investment?
Refex Industries Ltd shows a 5-year Profit Growth of 33.25% and an ROE of 18.91%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.14 before investing in REFEX shares.
How does Refex Industries Ltd compare with its industry peers?
Refex Industries Ltd competes with major peers in the Industrial Gases. Investors should compare REFEX share price P/E of 26.33x and ROE of 18.91% against the industry averages to determine competitive standing.
What is the P/E ratio of REFEX and what does it mean?
REFEX share price has a P/E ratio of 26.33x compared to the industry average of 45.88x. Investors pay ₹26 for every ₹1 of annual earnings.
How is REFEX performing according to Bull Run's analysis?
REFEX has a Bull Run fundamental score of 48.9/100, indicating concerns requiring careful analysis. This comprehensive rating is based on 15+ financial parameters.
What sector and industry does REFEX belong to?
REFEX operates in the Industrial Gases industry. This classification helps understand the competitive landscape and sector-specific trends affecting Refex Industries Ltd share price.
What is Return on Equity (ROE) and why is it important for REFEX?
REFEX has an ROE of 18.91%, which indicates excellent management efficiency. ROE measures how efficiently Refex Industries Ltd generates profits from shareholders capital.
How is REFEX debt-to-equity ratio and what does it indicate?
REFEX has a debt-to-equity ratio of 0.14, which indicates conservative financing with low financial risk.
What is REFEX dividend yield and is it a good dividend stock?
REFEX offers a dividend yield of 0.15%, meaning you receive ₹0.15 annual dividend for every ₹100 invested in Refex Industries Ltd shares.
How has REFEX share price grown over the past 5 years?
REFEX has achieved 5-year growth rates of: Sales Growth 30.15%, Profit Growth 33.25%, and EPS Growth 27.84%.
What is the promoter holding in REFEX and why does it matter?
Promoters hold 55.91% of REFEX shares, with 27.20% pledged. High promoter holding often indicates strong management confidence in Refex Industries Ltd.
What is REFEX market capitalisation category?
REFEX has a market capitalisation of ₹4615 crores, placing it in the Small-cap category.
How volatile is REFEX stock?
REFEX has a beta of N/A. A beta > 1 suggests the Refex Industries Ltd stock is more volatile than the market, while a beta < 1 suggests it is less volatile.
What is REFEX operating profit margin trend?
REFEX has a 5-year average Operating Profit Margin (OPM) of N/A%, indicating the company's operational efficiency.
How is REFEX quarterly performance?
Recent quarterly performance shows Refex Industries Ltd YoY Sales Growth of -0.27% and YoY Profit Growth of 41.07%.
What is the institutional holding pattern in REFEX?
REFEX has FII holding of 1.60% and DII holding of 0.14%. Significant institutional holding often suggests professional confidence in the Refex Industries Ltd stock.