Refex Industries financials

·ChemicalsChart ›
Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹761cr+78.4% on Q2 FY26
Net profit
₹50.7cr+40.1% on Q2 FY26
EBITDA margin
13.4%−3.1 pts on Q2 FY26
EPS
₹3.69+31.8% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue761427+78.4%
EBITDA10270.5+44.6%
EBITDA margin13.4%16.5%−3.1 pts
Profit before tax80.763.9+26.2%
Net profit50.736.2+40.1%
EPS₹3.69₹2.80+31.8%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹761 crNet profit₹50.7 crNet margin6.7%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
3,055————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
32218428233.110.2
2.14.4−0.6−0.90.0
16216217211781.8
2,897————
3,1882,2772,4681,3831,629
—−7.7%+78.4%−15.1%—
458357210146175
14.4%15.7%8.5%10.6%10.7%
436337177133168
26220415893.0116
8.2%9.0%6.4%6.7%7.1%
₹19.13₹14.82₹11.57₹6.84₹8.46
—+28.1%+69.1%−19.1%—
—107−2652.927.6
—0.00.0−37.7−72.0
107107−265−34.8−44.4
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

REFEX₹222.65

Refex Industries Ltd.

· Chemicals
₹ CrorePeersRCFRALLISRAINPRIVISCLSHARDACROPNFLSTYRENIXNEOGENMcap ₹3,055 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————3,054.7
- Cash, Equiv & ST Investments10.233.1281.6183.7322.4
+ Minority Interest0.0-0.9-0.64.42.1
+ Total Debt81.8117.2171.7162.1162.1
Enterprise Value————2,896.5
Revenue1,629.11,382.92,467.72,276.73,187.8
Growth %, YoY—-15.1+78.4-7.7—
EBITDA174.6146.1209.8357.2458.2
Margin %10.7210.578.5015.6914.37
EBIT167.8132.6177.2337.2435.6
Net Income116.193.0158.4203.7262.4
Margin %7.126.726.428.958.23
EPS, Adj (current shares)8.466.8411.5714.8219.13
Growth %, YoY—-19.1+69.1+28.1—
Cash from Operations27.62.9-264.8107.1—
Capital Expenditures-72.0-37.7-0.0-0.0—
Free Cash Flow-44.4-34.8-264.8107.1107.1
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Refex Industries financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

Refex Industries (NSE: REFEX) had a market capitalisation of ₹3,051 crore at the 29 October 2026 close (₹222.30 a share), a PE ratio of 11.8 on the last four quarters' profit and a price-to-book ratio of 1.90. In FY26 its consolidated net profit was ₹203 crore on revenue of ₹2,277 crore; in Q2 FY27 (July–September 2026) it was ₹50.7 crore, up 35.4% year on year. Its debt-to-equity ratio was 0.14 on 30 September 2026. Promoters held 56.56% of the shares on 30 September 2026.

Share price used
₹222.30 · 29 October 2026 close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

Refex Industries at a glance · consolidated

Market cap
₹3,051 Crat ₹222.30 · 29 Oct close
PE ratio (last 4 quarters)
11.815.0 on FY26 profit
Price to book (PB)
1.90book value ₹116.88 a share
ROE (FY26)
15.0%−4.0 pts vs FY25ROCE 21.6%
Debt to equity
0.14net cash ₹249 Cr
Promoter holding
56.56%unchanged vs 30 Jun 202630 September 2026
Dividend yield
0.45%₹1 a share in 12 months
Net worth
₹1,604 Cr+27.2% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
₹107 Cr

Questions

What is the Refex Industries PE ratio today?

Refex Industries' PE ratio is 11.8 at the 29 October 2026 close (₹222.30 a share): a market capitalisation of ₹3,051 crore divided by consolidated net profit of ₹259 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹203 crore) it is 15.0.

Is Refex Industries debt free?

No. Refex Industries had borrowings of ₹227 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.14. Its cash and current investments were ₹476 crore, so it held net cash of ₹249 crore.

What is the Refex Industries debt to equity ratio?

Refex Industries' debt-to-equity ratio was 0.14 on 30 September 2026: borrowings of ₹227 crore against total equity of ₹1,606 crore. A year earlier, on 30 September 2025, it was 0.14.

What is the Refex Industries PB ratio (price to book value)?

Refex Industries' price-to-book (PB) ratio is 1.90 at the 29 October 2026 close: a market capitalisation of ₹3,051 crore divided by shareholders' equity (book value) of ₹1,604 crore on 30 September 2026. That is a book value of ₹116.88 per share against a share price of ₹222.30.

What is the Refex Industries net worth?

Refex Industries' net worth — shareholders' equity in its consolidated balance sheet — was ₹1,604 crore on 30 September 2026, up 27.2% from ₹1,261 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹3,051 crore at the 29 October 2026 close.

What is the Refex Industries ROE and ROCE?

In FY26, Refex Industries' return on equity (ROE) was 15.0% and its return on capital employed (ROCE) was 21.6%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 18.9% and ROCE 17.7%.

What is the Refex Industries market cap?

Refex Industries' market capitalisation was ₹3,051 crore at the 29 October 2026 close: 13.72 crore shares at ₹222.30 each.

What is the Refex Industries EPS?

Refex Industries' basic earnings per share (EPS) were ₹15.28 in FY26, against ₹12.93 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹18.90.

What is the Refex Industries dividend in 2026 and its record date?

In 2026, Refex Industries has declared one dividend: ₹1 with record date 24 July 2026.

What is the Refex Industries book value per share?

Refex Industries' book value per share was ₹116.88 on 30 September 2026: shareholders' equity of ₹1,604 crore divided by the 13.72 crore shares in issue, up 19.8% from ₹97.54 a year earlier. The share price at the 29 October 2026 close was ₹222.30.

What are the Refex Industries latest quarterly results?

Refex Industries' latest results are for Q2 FY27 (July–September 2026), filed on 28 October 2026: consolidated net profit ₹50.7 crore, up 35.4% from ₹37.4 crore in Q2 FY26; revenue from operations ₹761 crore, up 78.4% year on year.

What is the Refex Industries revenue and profit in FY26?

In FY26 (April 2025–March 2026), Refex Industries' consolidated net profit was ₹203 crore, up 28.1% from ₹159 crore in FY25, on revenue from operations of ₹2,277 crore (down 7.7%). Over three years, from FY23, net profit was up 75.2%.

What is the Refex Industries dividend yield?

Refex Industries' dividend yield is 0.45% at the 29 October 2026 close: dividends of ₹1 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹222.30. They were ₹1 on 24 July 2026.

What is the Refex Industries promoter holding?

Promoters held 56.56% of Refex Industries on 30 September 2026, down 0.01 percentage points from 56.57% the previous quarter and up 3.23 percentage points from 53.33% a year earlier, according to the shareholding pattern filed with NSE.

What is the Refex Industries free cash flow?

In FY26, Refex Industries generated ₹107 crore of cash from operations and spent ₹0 lakh on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹107 crore. In FY25 it was −₹265 crore.

What is the Refex Industries shareholding pattern?

On 30 September 2026, Refex Industries' shares were held by promoters 56.56%, foreign portfolio investors (FII/FPI) 0.55%, domestic institutions (DII) 0.65% (including mutual funds at 0.12%) and retail and other non-institutional investors 42.23%. Over the year, FII holding was down 1.16 percentage points from 1.71% and DII holding was up 0.50 percentage points from 0.15%.

How does Refex Industries compare with its peers?

On FY26 consolidated figures, against Rashtriya Chemicals & Fertilizers and Rain Industries: Refex Industries' operating margin of 14.8% is the highest of the three (Rashtriya Chemicals & Fertilizers 3.5%, Rain Industries 9.9%; peer average 6.7%); its revenue growth over three years of 11.8% a year is the highest of the three (Rashtriya Chemicals & Fertilizers −4.9% a year, Rain Industries −33.5% a year; peer average −19.2% a year).

How does the Refex Industries PE ratio compare with its peers?

At the 29 October 2026 closing prices, on FY26 net profit, Refex Industries' PE ratio is 15.0, the second highest of the three: Rashtriya Chemicals & Fertilizers 12.5 and Rain Industries 57.1, a peer average of 34.8. Each is the company's market capitalisation at that price divided by its FY26 net profit.

When are the Refex Industries next results?

Refex Industries has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.

Refex Industries vs Rashtriya Chemicals & Fertilizers: how do they compare?

In FY26, Refex Industries earned net profit of ₹203 crore on revenue of ₹2,277 crore, against ₹427 crore on ₹18,480 crore for Rashtriya Chemicals & Fertilizers. Refex Industries' operating margin was 14.8% (Rashtriya Chemicals & Fertilizers 3.5%) and its return on equity 15.0% (Rashtriya Chemicals & Fertilizers 8.7%). At the 29 October 2026 close, Refex Industries' market capitalisation was ₹3,051 crore against ₹5,344 crore for Rashtriya Chemicals & Fertilizers, and its PE ratio on FY26 profit 15.0 against 12.5.

Where do these Refex Industries figures come from?

From Refex Industries' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.