---
title: "Refex Industries Ltd (REFEX) — Share Price, Financials & Analysis"
symbol: "REFEX"
company: "Refex Industries Ltd"
canonical: "https://tapetide.com/stocks/REFEX"
isin: "INE056I01025"
nse_symbol: "REFEX"
bse_code: "532884"
sector: "Energy"
industry: "Trading Coal"
market_cap_cr: 3671.99
generated_at: "2026-09-13T18:19:18.626Z"
---

# Refex Industries Ltd (REFEX)

Canonical page: https://tapetide.com/stocks/REFEX

## Company

- **NSE Symbol:** REFEX
- **BSE Code:** 532884
- **ISIN:** INE056I01025
- **Sector:** Energy
- **Industry:** Trading Coal
- **Macro Sector:** Utilities
- **Stock Type:** EQUITY
- **Listed Since:** 2007-08-20
- **CEO:** Mr. T. Anil Jain
- **Employees:** 295
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** refex.co.in

## About

Refex Industries Limited specializes in trading eco-friendly refrigerant gases and providing comprehensive solutions for responsible coal procurement and ash disposal.[1]

## Latest Price

- **Price:** ₹273.55
- **Change:** +3.6 (+1.33%)
- **Open:** ₹268
- **Day High:** ₹275.3
- **Day Low:** ₹264
- **Previous Close:** ₹269.95
- **Volume:** 234110
- **As Of:** 2026-09-11T10:29:08+00:00

## Key Fundamentals

Observed at 2026-09-11T04:53:05.599286Z.

- **Market Cap:** ₹3671.99 Cr
- **Classification:** Microcap
- **P/E (reported):** 14.9
- **P/E (TTM):** 15.11
- **EPS (TTM):** ₹18.1
- **Book Value:** ₹99.39
- **Price to Book:** 2.72
- **Dividend Yield:** 0.56%
- **ROE:** 16.07%
- **ROCE:** 22.69%
- **Debt to Equity:** 0.15
- **Revenue (yearly):** ₹2302.1 Cr
- **Net Income:** ₹242.4 Cr
- **EBITDA:** ₹382.5 Cr
- **52-Week High:** ₹415
- **52-Week Low:** ₹188
- **RSI (14):** 31.25

## Tapetide Score

- **Score:** 54 / 100
- **Score date:** 2026-09-04
- **Archetype:** Average Quality, Undemanding Price
- **What it means:** The financials sit mid-range rather than strong, and the multiple is not demanding. Nothing here stands out in either direction, so the read comes down to which single pillar you weight most and whether the next results move it off the middle.
- **Pillar profile:** Quality: Average · Valuation: Fair · Momentum: Rising
- **Percentile:** 65.6 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 59.84 | 9% |
| growth | 94.44 | 9% |
| momentum | 61.18 | 12% |
| ownership | 57.08 | 24% |
| quality | 51.3 | 22% |
| valuation | 51.48 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Company is expected to give good quarter
- Company has delivered good profit growth of 42.7% CAGR over last 5 years
- Company's median sales growth is 22.0% of last 10 years

### Weaknesses

- Promoters have pledged 43.5% of their holding.
- Debtor days have increased from 111 to 142 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 143.11% | — | -13.1% |
| ebitda margin growth | -28.04% | 49.86% | 41.81% | 46.82% |
| net income growth | -31.57% | 34.89% | 28% | 43% |
| revenue growth | -1% | -0.31% | 12% | 29% |
| roce | -29.41% | 29.29% | -9.06% | 27.7% |
| roe | -31.66% | 8.43% | 16.97% | -45.23% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 352 | 306 | 342 | 591 | 428 | 686 | 594 | 352 | 415 | 576 | 934 | 916 |
| Expenses | 318 | 272 | 301 | 543 | 385 | 633 | 534 | 315 | 344 | 486 | 775 | 809 |
| Operating Profit | 34 | 34 | 41 | 48 | 43 | 53 | 60 | 37 | 71 | 90 | 160 | 107 |
| OPM % | 10 | 11 | 12 | 8 | 10 | 8 | 10 | 10 | 17 | 16 | 17 | 12 |
| Other Income | 5 | 3 | 8 | 2 | 5 | 16 | 3 | 2 | -4 | -3 | -8 | 2 |
| Interest | 6 | 8 | 8 | 6 | 4 | 5 | 5 | 6 | 7 | 9 | 10 | 13 |
| Depreciation | 3 | 4 | 4 | 6 | 2 | 3 | 3 | 5 | 5 | 5 | 5 | 6 |
| Profit before tax | 30 | 25 | 37 | 39 | 42 | 62 | 55 | 28 | 55 | 73 | 136 | 91 |
| Tax % | 29 | 33 | 9 | 25 | 27 | 19 | 13 | 26 | 34 | 28 | 31 | 29 |
| Net Profit | 21 | 17 | 33 | 29 | 31 | 50 | 48 | 20 | 36 | 53 | 94 | 65 |
| EPS in Rs | 1.94 | 1.53 | 2.96 | 2.6 | 2.57 | 3.88 | 3.74 | 1.64 | 2.9 | 3.93 | 6.62 | 4.65 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 38 | 77 | 461 | 661 | 633 | 1629 | 1383 | 2259 | 2277 | 2841 |
| Expenses | 36 | 75 | 433 | 609 | 565 | 1454 | 1237 | 2053 | 1915 | 2414 |
| Operating Profit | 2 | 2 | 28 | 51 | 68 | 175 | 146 | 206 | 362 | 427 |
| OPM % | 6 | 2.3 | 6 | 8 | 11 | 11 | 11 | 9 | 16 | 15 |
| Other Income | 2 | 2 | 2 | -1 | 4 | 8 | 18 | 29 | -13 | -12 |
| Interest | 3 | 1 | 0 | 1 | 9 | 19 | 29 | 18 | 37 | 39 |
| Depreciation | 1 | 1 | 1 | 1 | 5 | 7 | 14 | 10 | 20 | 21 |
| Profit before tax | 1 | 2 | 29 | 48 | 58 | 156 | 121 | 207 | 292 | 355 |
| Tax % | 13 | 46 | -10 | 31 | 29 | 26 | 23 | 24 | 30 | — |
| Net Profit | 0 | 1 | 32 | 33 | 41 | 116 | 93 | 158 | 204 | 248 |
| EPS in Rs | 0.04 | 0.09 | 3.01 | 3.16 | 3.9 | 10.5 | 8.11 | 12.29 | 14.82 | 18.1 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 8 | 4 | 6 | 4 | 7 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 21 | 22 | 23 | 26 | 27 |
| Reserves | -6 | -5 | -4 | 27 | 60 | 119 | 292 | 442 | 1187 | 1477 |
| Borrowings | 37 | 35 | 41 | 0 | 9 | 74 | 149 | 215 | 286 | 225 |
| Other Liabilities | 71 | 15 | 45 | 115 | 53 | 128 | 288 | 118 | 300 | 1113 |
| Total Liabilities | 118 | 60 | 97 | 159 | 138 | 341 | 752 | 798 | 1799 | 2843 |
| Fixed Assets | 15 | 15 | 14 | 15 | 22 | 87 | 147 | 204 | 345 | 212 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 9 | 17 | 18 |
| Investments | 0 | 0 | 0 | 0 | 0 | 74 | 74 | 74 | 31 | 0 |
| Other Assets | 103 | 45 | 83 | 143 | 116 | 181 | 529 | 512 | 1406 | 2613 |
| Total Assets | 118 | 60 | 97 | 159 | 138 | 341 | 752 | 798 | 1799 | 2843 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -25 | 4 | -4 | 44 | 12 | 123 | 28 | 3 | -248 | 107 |
| Cash from Investing Activity | -2 | 0 | -1 | 0 | 5 | -122 | -78 | -42 | -105 | -268 |
| Cash from Financing Activity | 26 | -3 | 4 | -41 | 1 | -5 | 60 | 62 | 602 | 65 |
| Net Cash Flow | 0 | 1 | -1 | 3 | 17 | -4 | 10 | 23 | 248 | -95 |
| Free Cash Flow | -25 | 4 | -5 | 42 | 12 | 118 | -44 | -43 | -414 | 47 |
| CFO/OP | -930 | 190 | -248 | 180 | 47 | 182 | 25 | 18 | -90 | 35 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 376 | 87 | 173 | 69 | 40 | 54 | 55 | 81 | 109 | 142 |
| Inventory Days | 7 | 22 | 33 | 7 | 2 | 4 | 3 | 3 | 1 | 15 |
| Days Payable | 382 | 156 | 264 | 92 | 27 | 70 | 49 | 20 | 31 | 92 |
| Cash Conversion Cycle | 1 | -47 | -57 | -15 | 15 | -12 | 8 | 63 | 79 | 65 |
| Working Capital Days | -40 | 255 | 159 | 9 | 20 | 14 | 41 | 69 | 102 | 144 |
| ROCE % | 6 | 7 | 6 | 61 | 85 | 45 | — | 26 | 23 | 23 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 53.33% | 53.27% | 55.28% | 55.28% | 57.12% | 53.49% | 53.37% | 53.33% | 53.33% | 55.8% | 55.85% | 56.57% |
| FIIs | 0.41% | 0.2% | 0.22% | 0.2% | 1.53% | 1.76% | 2% | 1.86% | 1.71% | 2.03% | 1.37% | 0.93% |
| DIIs | 0.1% | 0% | 0% | 0% | 0% | 0% | 0.11% | 0.16% | 0.15% | 0.16% | 0.13% | 0.38% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 38.07% | 38.49% | 36.32% | 36.57% | 33.62% | 34.65% | 34.36% | 34.72% | 35.04% | 32.84% | 33.17% | 32.55% |
| Others | 8.1% | 8.04% | 8.19% | 7.95% | 7.73% | 10.1% | 10.15% | 9.94% | 9.77% | 9.17% | 9.49% | 9.57% |
| No. of Shareholders | 39568 | 42589 | 47360 | 57639 | 81302 | 81857 | 81739 | 85429 | 89568 | 97015 | 94159 | 91033 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 276.9 | Sell |
| EMA (10) | 277.56 | Sell |
| SMA (20) | 285.3 | Sell |
| EMA (20) | 283.88 | Sell |
| SMA (50) | 303.39 | Sell |
| EMA (50) | 294.56 | Sell |
| SMA (100) | 300.65 | Sell |
| EMA (100) | 293.83 | Sell |
| SMA (200) | 273.88 | Sell |
| EMA (200) | 300.77 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 35.84 | Neutral |
| MACD (12,26,9) | -8.35 | Sell |
| Stochastic (14,3,3) | 12.83 | Buy |
| ADX (14) | 23.9 | Neutral |
| Williams %R (14) | -73.1 | Neutral |
| ATR (14) | 9.27 | High Volatility |
| ROC (12) | -7.85 | Sell |
| Stoch RSI (14) | 32.03 | Neutral |
| UO (7,14,28) | 38.14 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-04 | [Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4258571D_6034_4FF6_8A26_F60A170BA165_101650.pdf) |
| 2026-09-04 | [Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations 2011.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5D74E239_BC5B_4B07_A55D_173FA089B6A7_102326.pdf) |
| 2026-08-24 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2f637ae8-bd9d-4852-a909-5df6b356f381.pdf) |
| 2026-08-22 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e74fba3e-f38a-4866-beef-a5f241a61690.pdf) |
| 2026-08-21 | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1892f009-3349-483a-a1a2-27c8b531618b.pdf) |
| 2026-08-18 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a6cdd788-b4cf-458d-aeb9-734c79d1a937.pdf) |
| 2026-08-18 | [Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=40457FA0_7672_48AC_B238_5E96459BDFE8_150251.pdf) |
| 2026-08-18 | [Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations 2011.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=54B620E1_666F_49D3_AF19_806D031B371E_150502.pdf) |
| 2026-08-18 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a2e16b13-55ea-46f5-ac68-d261235909fa.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d6da83ee-a787-4e83-b8d5-6b9ef5397eae.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-08-04 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=03ee4ce8-6ca8-4179-aeed-812b780d23b3.pdf) |
| 2026-06-02 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f1aa0b70-a34f-4c91-8973-009a48c493d3.pdf) |
| 2026-01-27 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=63755f06-063b-42e8-b635-b18c38eb7a4a.pdf) |
| 2025-11-11 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f2733f9d-0910-4f38-8c2d-f74a1600e438.pdf) |
| 2025-08-20 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=308de71b-7879-459a-8396-d6990b0a31cb.pdf) |
| 2025-04-30 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=162e778d-67b5-41c3-a245-daaee5637513.pdf) |
| 2025-01-30 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7c08e933-e478-4cdc-a201-f066d78f0093.pdf) |
| 2024-11-18 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7ee7293e-cb1e-492d-b5da-0be29b1cddfb.pdf) |
| 2024-08-09 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c00970da-89da-44d9-8bc4-359c7d70dd23.pdf) |
| 2024-05-30 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4b848876-c685-4d5f-bb03-9fe9b2d4248a.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-07-31 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e7473352-7add-4cdc-86bd-e1bce266dce8.pdf) |
| 2026-05-27 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4eb11e88-72b4-471f-98a3-975876650e08.pdf) |
| 2026-01-21 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4d368fb0-ad44-4087-980c-c67202b0a2d3.pdf) |
| 2025-11-06 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=edcca451-b8a1-489e-b8e5-e437b824e1a6.pdf) |
| 2025-08-13 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9626bbc4-526b-4835-8edb-35ffc31bcca7.pdf) |
| 2025-04-24 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ba6c7f00-2563-4f59-b1a8-1e5296bf4052.pdf) |
| 2024-11-14 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6a2d216a-34f2-4de8-9e4a-87edf8a9584c.pdf) |
| 2024-08-06 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=07b12ad4-a035-49d2-a0d6-27f91b37efbc.pdf) |
| 2024-08-06 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f11b2aaf-5679-4135-9a65-eb0f31e86572.pdf) |
| 2024-05-27 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eba76a50-8be4-428c-ae03-43dad5ab0ca1.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-29 | [Disclosure Under Regulation 30 And 33 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Un-Audited Financial Results Of The Company For The 1St Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=de905b40-8baa-4981-8c5c-0c23de7b435a.pdf) |
| 2026-05-26 | [Approval Of Audited Financial Results For Q4 & FY 2026 Both On Standalone And Consolidated Basis](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=08fec716-1cde-454d-a678-5dadfd66c3be.pdf) |
| 2026-01-21 | [Financial Results - Outcome Of The Meeting Of The Board Of Directors Held On January 21 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e85300d5-9de7-49ed-bb72-7f8e2762de2b.pdf) |
| 2025-11-04 | [Outcome Of The Meeting Of The Board Of Directors Held On November 04 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5296e7b7-2b79-44cf-a181-63153c6bd9e2.pdf) |
| 2025-08-12 | [Disclosure Under Regulation 30 And 33 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Unaudited Financial Results Of The Company For The 1St Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a6aded1a-3576-41e9-8dbe-c90de2df58f1.pdf) |
| 2025-04-23 | [Audited Standalone And Consolidated Financial Results Of The Company For The Financial Year Ended March 31 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6d071d8b-b00e-4a2d-a342-1860bb05eb87.pdf) |
| 2025-01-27 | [Unaudited Financial Results Of The Company For The 3Rd Quarter And Nine Months Ended December 31 2024 Of The Financial Year 2024-25 Both Standalone And Consolidated Basis.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=20850acc-503e-4f29-96a7-3b4c82814a23.pdf) |
| 2024-11-13 | [Unaudited Financial Results Of The Company For The 2Nd Quarter And Half Year Ended September 30, 2024, Of The Financial Year 2024-25, Both Standalone And Consolidated Basis](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2801d7dd-1b81-4a96-afff-38fea605c594.pdf) |
| 2024-08-05 | [Outcome Of The Meeting Of The Board Of Directors Held On August 05, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ae69820f-c3d6-4c45-adfb-39fc8ff3919a.pdf) |
| 2024-05-24 | [Results-Financial Results For March 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4187f322-d9c1-4a85-aad5-30a9ca5686f9.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-07-29 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=09ab570a-f96a-42ed-aefe-d519bc0afad8.pdf) |
| 2026-07-29 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=076b9ce7-8b98-43a1-9378-84d5d3f9688e.pdf) |
| 2026-05-26 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d256b9a2-f2cd-4003-a843-567340b7479c.pdf) |
| 2026-01-21 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0d14eec4-d516-4bc2-98a1-c3fa8ded30b1.pdf) |
| 2025-11-05 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2a11a425-08c1-4ba7-a788-92ef7bbd6239.pdf) |
| 2025-08-13 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bbda6291-7c92-477b-bad8-118a20febcb9.pdf) |
| 2025-04-24 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7197d1f9-a04a-4f8c-8f63-f72abfc4f5cb.pdf) |
| 2025-02-28 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=48dcab58-50c6-48b4-99fc-09a2b7535654.pdf) |
| 2025-01-27 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=82609f2a-0813-4665-83d9-9d9da99d2295.pdf) |
| 2024-11-13 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d75f9ff8-6bc2-41a8-ac0a-6c3f5382c0c8.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f2733f9d-0910-4f38-8c2d-f74a1600e438.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7ee7293e-cb1e-492d-b5da-0be29b1cddfb.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d256b9a2-f2cd-4003-a843-567340b7479c.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d256b9a2-f2cd-4003-a843-567340b7479c.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c7859a6e-efa4-4267-b57a-2d9314f7cf9f.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4b848876-c685-4d5f-bb03-9fe9b2d4248a.pdf) |
| Jun 2026 | [Concall - Jun 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/f1aa0b70-a34f-4c91-8973-009a48c493d3.pdf) |
| Jan 2026 | [Concall - Jan 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/63755f06-063b-42e8-b635-b18c38eb7a4a.pdf) |
| Jan 2025 | [Concall - Jan 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/82609f2a-0813-4665-83d9-9d9da99d2295.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/308de71b-7879-459a-8396-d6990b0a31cb.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Refex Industries says it is not a large corporate; outstanding borrowing was ₹26.09 crore as of March 31, 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 9h - Refex Industries says it is not a large corporate; outstanding borrowing was ₹26.09 crore as of March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/9f0790b4-8b23-4bf9-9e75-a795b04acc3e.pdf) |
| 9 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the 4th quarter ended March 31, 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the 4th quarter ended March 31, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3dcae31d-661e-4987-b394-ff7549f9097e.pdf) |
| 8 Apr - VRPL redeemed ₹3 crore OCDs and converted ₹4.85 crore loan into 2,768 shares; stake rises to 77.77%. | [Announcement under Regulation 30 (LODR)-Acquisition 8 Apr - VRPL redeemed ₹3 crore OCDs and converted ₹4.85 crore loan into 2,768 shares; stake rises to 77.77%.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dafbf16b-063b-4ef2-91b0-716d9b02f5ab.pdf) |
| 7 May - 1.117 crore warrants lapsed on May 6, 2026; ₹130.69 crore upfront consideration forfeited. | [Intimation Of Lapse & Forfeiture Of Convertible Warrants Issued Under SEBI (Issue Of Capital And Disclosure Requirements) Regulations, 2018 7 May - 1.117 crore warrants lapsed on May 6, 2026; ₹130.69 crore upfront consideration forfeited.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/16034552-2853-4bf3-9f30-d875761ae29e.pdf) |
| 7 Apr - Refex Industries won a Rs 70.2 crore bulk industrial commodity order from a Navratna PSU, executable in two months. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 7 Apr - Refex Industries won a Rs 70.2 crore bulk industrial commodity order from a Navratna PSU, executable in two months.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/109f6a06-8e46-44a9-a9d0-3fed697e2e99.pdf) |
| 6 Mar - Refex Holding bought 100,000 shares (0.07%) of Refex Industries on March 5, 2026 via open market. | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 6 Mar - Refex Holding bought 100,000 shares (0.07%) of Refex Industries on March 5, 2026 via open market.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/51771395_CF00_44A5_AC5F_7A706FC8E49E_152505.pdf) |
| 4 May - Members approved Section 186 investments and material related-party transaction with Venwind Refex Power on April 30, 2026. | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 4 May - Members approved Section 186 investments and material related-party transaction with Venwind Refex Power on April 30, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/34f1bab8-31b5-4153-a86b-0ca787151c08.pdf) |
| 4 May - Members approved Section 186 investments and material related-party transaction with Venwind Refex Power on April 30, 2026. | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 4 May - Members approved Section 186 investments and material related-party transaction with Venwind Refex Power on April 30, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/34f1bab8-31b5-4153-a86b-0ca787151c08.pdf) |
| 3h - Refex Industries subscribed to VRPL rights issue; stake revised to 73.28% after OCD conversion. | [Announcement under Regulation 30 (LODR)-Acquisition 3h - Refex Industries subscribed to VRPL rights issue; stake revised to 73.28% after OCD conversion.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c73c4c98-ac6f-4b23-a4d5-652a0c3f64e2.pdf) |
| 31 Mar - Newspaper advertisement regarding dispatch of Postal Ballot Notice | [Announcement under Regulation 30 (LODR)-Newspaper Publication 31 Mar - Newspaper advertisement regarding dispatch of Postal Ballot Notice](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3058c4a5-37e0-41cf-8071-b569eb425a67.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c6083eca-a123-45b4-b4dd-24dc352859a5.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1aba5966-a06b-4bb4-8cf6-1825cf642b14.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:19:18.626Z.