ScoreWhy is Refex Industries Ltd ?
1
Stock is technically in a Mildly Bearish range
- The technical trend has deteriorated from Mildly Bullish on 09-Apr-25 and has generated 4.67% returns since then
- Multiple factors for the stock are Bearish like MACD, Bollinger Band and KST
2
With ROCE of 17.8, it has a Very Expensive valuation with a 6.2 Enterprise value to Capital Employed
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 189.69%, its profits have risen by 44.9% ; the PEG ratio of the company is 1.4
3
Despite the size of the company, domestic mutual funds hold only 0% of the company
- Domestic mutual funds have capability to do in-depth on-the-ground research on companies- their small stake may signify either they are not comfortable at the price or the business
Real-Time Research ReportHow much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Industrial Gases & Fuels)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Refex Industries for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Refex Industries
189.69%
3.10
61.15%
SENSEX
0.45%
0.03
14.48%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
23.70%
EBIT Growth (5y)
25.07%
EBIT to Interest (avg)
21.68
Debt to EBITDA (avg)
0.79
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
4.23
Tax Ratio
18.73%
Dividend Payout Ratio
5.73%
Pledged Shares
11.33%
Institutional Holding
1.76%
ROCE (avg)
40.31%
ROE (avg)
35.50%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
34
Industry P/E
23
Price to Book Value
8.19
EV to EBIT
32.34
EV to EBITDA
28.00
EV to Capital Employed
6.22
EV to Sales
2.40
PEG Ratio
1.43
Dividend Yield
NA
ROCE (Latest)
17.81%
ROE (Latest)
18.35%
Loading Valuation Snapshot...
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bullish
Moving Averages
Bearish (Daily)
KST
Bearish
Bullish
Dow Theory
No Trend
No Trend
OBV
No Trend
Mildly Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend28What is working for the Company
PAT(Q)
At Rs 50.05 cr has Grown at 196.3 %
PBT LESS OI(Q)
At Rs 34.51 cr has Grown at 56.86 %
NET SALES(Q)
Highest at Rs 717.13 cr
PBDIT(Q)
Highest at Rs 51.12 cr.
-3What is not working for the Company
INTEREST(Q)
At Rs 7.69 cr has Grown at 43.47 %
NON-OPERATING INCOME(Q)
is 41.81 % of Profit Before Tax (PBT
Loading Valuation Snapshot...
Here's what is working for Refex Industries
Net Sales - Quarterly
At Rs 717.13 cr has Grown at 134.36 %
Year on Year (YoY)MOJO Watch
Near term sales trend is very positive
Net Sales (Rs Cr)
Profit After Tax (PAT) - Quarterly
At Rs 50.05 cr has Grown at 196.3 %
Year on Year (YoY)MOJO Watch
Near term PAT trend is very positive
PAT (Rs Cr)
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 34.51 cr has Grown at 56.86 %
Year on Year (YoY)MOJO Watch
Near term PBT trend is very positive
PBT less Other Income (Rs Cr)
Net Sales - Quarterly
Highest at Rs 717.13 cr
in the last five quartersMOJO Watch
Near term sales trend is positive
Net Sales (Rs Cr)
Operating Profit (PBDIT) - Quarterly
Highest at Rs 51.12 cr.
in the last five quartersMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (Rs Cr)
Profit After Tax (PAT) - Quarterly
Highest at Rs 50.05 cr.
in the last five quartersMOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Here's what is not working for Refex Industries
Interest - Quarterly
At Rs 7.69 cr has Grown at 43.47 %
Quarter on Quarter (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (Rs cr)
Non Operating Income - Quarterly
is 41.81 % of Profit Before Tax (PBT)
MOJO Watch
The company's income from non business activities is high; which is not a sustainable business model
Non Operating Income to PBT
Non Operating Income - Quarterly
Highest at Rs 24.80 cr
in the last five quartersMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating Income
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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