Refex Industries balance sheet

As of Sep 2026

Total assets: ₹3,509cr+71.4% on Sep 2025
Shareholders' equity: ₹1,606cr+25.8% on Sep 2025
Total debt: ₹227cr+30.2% on Sep 2025
Cash and investments: ₹322cr+38.2% on Sep 2025

₹ crore except per share

Tap a line for its trend	H1 FY27Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Current assets
Non-current assets						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	166	152	333	202	147
	14.4	10.0	9.7	8.6	3.2
	0.0	0.0	0.0	0.0	0.0
	8.9	8.7	12.2	1.8	0.0
	12.8	8.2	7.5	—	—
	0.0	0.0	30.7	73.8	73.8
	11.7	63.1	2.5	4.1	—
	11.7	63.1	33.3	77.8	73.8
	0.3	0.1	13.3	4.6	1.9
	100	61.5	8.5	0.7	0.4
	314	303	418	296	226
	113	76.1	7.4	7.2	10.8
	1,251	886	677	306	245
	322	184	282	33.1	10.2
	153	210	70.4	0.0	0.0
	910	67.7	30.2	83.2	84.0
	2,637	1,347	1,059	422	339
	445	903	313	72.6	176
	3,195	2,327	1,381	502	526
	0.0	213	—	—	—
	3,509	2,843	1,799	798	752
Equity
	27.4	27.4	25.8	23.1	22.1
	1,576	1,477	1,187	442	292
	1,604	1,504	1,213	466	314
	2.1	4.4	−0.6	−0.9	0.0
	1,606	1,509	1,212	465	314
Liabilities
	29.2	28.8	91.8	53.0	40.5
	53.2	55.2	96.6	85.2	65.0
	82.4	84.1	188	138	105
	2.1	1.7	2.4	1.3	0.5
	0.6	3.3	—	—	—
	85.1	89.1	191	139	106
	198	133	79.8	64.2	41.4
	741	464	172	54.3	193
	272	219	31.3	18.4	6.7
	1,211	817	283	137	241
	1.3	0.9	0.8	0.6	0.0
	102	69.7	4.5	—	—
	505	230	108	56.4	91.3
	1,818	1,117	396	194	332
	128	128	—	—	—
	1,903	1,334	587	333	438
	3,509	2,843	1,799	798	752
Assets — additional as-filed lines
	—	—	1.6	—	—
Trade payables — MSME split
	741	464	172	—	—

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

alphave

REFEX₹228.85

Refex Industries Ltd.

· Chemicals

₹ CrorePeersRCF RALLIS RAIN PRIVISCL SHARDACROP NFL STYRENIX NEOGENMcap ₹3,140 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Non-current Assets
+ Property, Plant & Equipment	146.7	202.3	333.2	151.5	165.6
+ Capital Work-in-Progress	3.2	8.6	9.7	10.0	14.4
+ Goodwill	0.0	0.0	0.0	0.0	0.0
+ Other Intangibles	0.0	1.8	12.2	8.7	8.9
+ Intangibles under Development	—	—	7.5	8.2	12.8
+ Non-current Investments	73.8	73.8	30.7	0.0	0.0
+ Other Non-current Financial Assets	—	4.1	2.5	63.1	11.7
Non-current Financial Assets	73.8	77.8	33.3	63.1	11.7
+ Deferred Tax Assets	1.9	4.6	13.3	0.1	0.3
+ Other Non-current Assets	0.4	0.7	8.5	61.5	100.5
Total Non-current Assets	226.0	295.9	417.8	303.1	314.1
Current Assets
+ Inventories	10.8	7.2	7.4	76.1	113.4
+ Trade Receivables	245.2	305.9	676.8	886.3	1,250.9
+ Cash & Cash Equivalents	10.2	33.1	281.6	183.7	322.4
+ Other Bank Balances	0.0	0.0	70.4	209.6	153.3
+ Other Current Financial Assets	84.0	83.2	30.2	67.7	910.4
Current Financial Assets	339.4	422.2	1,059.0	1,347.3	2,637.0
+ Other Current Assets	176.0	72.6	313.4	903.4	445.0
Total Current Assets	526.3	502.1	1,381.4	2,326.7	3,195.4
+ Assets Held for Sale	—	—	—	212.9	0.0
Total Assets	752.3	798.0	1,799.2	2,842.7	3,509.5
Equity
+ Equity Share Capital	22.1	23.1	25.8	27.4	27.4
+ Other Equity / Reserves	292.3	442.4	1,187.0	1,476.7	1,576.5
Equity — Owners of Parent	314.4	465.6	1,212.8	1,504.2	1,603.9
+ Minority Interest	0.0	-0.9	-0.6	4.4	2.1
Total Equity	314.4	464.7	1,212.2	1,508.6	1,606.0
Liabilities
+ Borrowings — Non-current	40.5	53.0	91.8	28.8	29.2
+ Other Non-current Financial Liab	65.0	85.2	96.6	55.2	53.2
Non-current Financial Liabilities	105.4	138.1	188.4	84.1	82.4
+ Provisions — Non-current	0.5	1.3	2.4	1.7	2.1
+ Deferred Tax Liabilities	—	—	—	3.3	0.6
Non-current Liabilities	105.9	139.4	190.8	89.1	85.1
+ Borrowings — Current	41.4	64.2	79.8	133.3	197.6
+ Trade Payables	192.6	54.3	171.7	464.3	741.4
+ Other Current Financial Liab	6.7	18.4	31.3	218.9	271.6
Current Financial Liabilities	240.7	136.9	282.8	816.5	1,210.6
+ Provisions — Current	0.0	0.6	0.8	0.9	1.3
+ Current Tax Liabilities	—	—	4.5	69.7	101.6
+ Other Current Liabilities	91.3	56.4	108.1	230.0	504.8
Current Liabilities	332.0	193.9	396.2	1,117.1	1,818.3
+ Liabilities Held for Sale	—	—	—	127.9	127.9
Total Liabilities	437.9	333.3	587.0	1,334.1	1,903.4
Total Equity & Liabilities	752.3	798.0	1,799.2	2,842.7	3,509.5
Assets — additional as-filed lines
+ Current Tax Assets	—	—	1.6	—	—
Trade Payables — MSME split
+ Dues to Other Creditors — Current	—	—	171.7	464.3	741.4

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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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%.