Is Refex Industries a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Refex Industries Ltd is a average quality company .

Is Refex Industries undervalued or overvalued?

The key valuation ratios of Refex Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Refex Industries share price return in the past 10 years?

Refex Industries Ltd share price has appreciated 83.1% annually (CAGR) over the past ten years.

Is Refex Industries a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Refex Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Refex Industries Ltd - Stock Valuation and Financial Performance

Name: Refex Industries
Brand: Refex Industries

BSE: 532884 | NSE: REFEX | Industrial Gases & Fuels | Small Cap

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Refex Industries Share Price

₹469.55 -12.15 -2.52%
as on 21-Nov'24 16:59

10 Year X-Ray of Refex Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	23.3%	5.5%	6.7%	6%	61.1%	81.1%	61.5%	43.5%	59.1%	32.8%	-
Value Creation Index ⓘ	0.7	-0.6	-0.5	-0.6	3.4	4.8	3.4	2.1	3.2	1.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	84.7	78	37.7	76.9	461	661	633	444	1,629	1,371	1,748
Sales YoY Gr.	-	-7.9%	-51.6%	103.8%	499.9%	43.3%	-4.3%	-29.8%	267%	-15.9%	-
Adj EPS ⓘ	0.4	0.7	0.1	0.1	4	4.6	3.9	4.3	10.5	8.7	10
YoY Gr.	-	71.8%	-91%	100%	3191.7%	17%	-15.8%	10.3%	144.3%	-16.7%	-
BVPS (₹) ⓘ	0.6	1.2	1.3	1.4	5.4	9.5	13.3	17.5	28.4	40.8	49.2
Adj Net Profit ⓘ	3.1	5.3	0.5	0.9	31.5	36.9	40.9	45.1	116	101	129
Cash Flow from Ops. ⓘ	-2.4	-24.6	4.2	-4.4	44.2	11.9	123	-13.8	27.9	-4.5	-
Debt/CF from Ops. ⓘ	-3.9	-1.5	8.4	-9.3	0	0.1	0	-1.1	2.9	-21.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	36.3%	24.4%	29.4%	-15.9%
Adj EPS ⓘ	41.3%	17.2%	30.9%	-16.7%
BVPSⓘ	61.4%	50.1%	45.4%	43.7%
Share Price	83.1%	108.2%	166%	331.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	106.4	75.2	4.7	8.8	117	62.2	37.9	27.9	46.5	25.7	22.2
Op. Profit Mgn % ⓘ	6.6	3.4	5.8	2.3	6.1	7.8	10.7	13.7	10.7	10.9	10.1
Net Profit Mgn % ⓘ	3.6	6.8	1.2	1.2	6.8	5.6	6.5	10.2	7.1	7.4	7.4
Debt to Equity ⓘ	2.1	3.8	3.4	3.7	0	0	0	0.1	0.3	0.2	0.1
Working Cap Days ⓘ	149	363	698	298	87	67	79	161	85	137	64
Cash Conv. Cycle ⓘ	126	305	418	-6	-9	1	3	17	17	46	42

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 29.39%

Net Profit is growing at healthy rate in last 3 years 30.92%

Return on Equity has declined versus last 3 years average to 22.20%

Sales growth is not so good in last 4 quarters at 8.95%

Latest Financials - Refex Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	10	8.7
TTM Sales (₹ Cr.)	1,748	1,771
BVPS (₹.) ⓘ	49.2	47.6
Reserves (₹ Cr.) ⓘ	608	587
P/BV ⓘ	9.55	9.87
PE ⓘ	46.98	53.91

From the Market
52 Week Low / High (₹)	105.28 / 600.00
All Time Low / High (₹)	0.34 / 600.00
Market Cap (₹ Cr.)	6,052
Equity (₹ Cr.)	25.8
Face Value (₹)	2
Industry PE ⓘ	15.7

Management X-Ray of Refex Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

1.42

0.00

6.31

16.34

15.81

* Pledged shares as % of Promoter's holding (%)

Valuation of Refex Industries

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Price to Earnings

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Analyst's Notes

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Key Ratios of Refex Industries

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	85	78	38	77	461	661	633	444	1,629	1,371
Operating Expenses ⓘ	79	75	36	75	433	609	565	383	1,455	1,222
Manufacturing Costs	0	0	1	1	1	1	7	27	34	5
Material Costs	64	60	20	57	403	557	527	328	1,388	1,178
Employee Cost	0	0	1	1	2	3	5	12	13	15
Other Costs ⓘ	15	15	14	16	26	48	26	15	19	24
Operating Profit ⓘ	6	3	2	2	28	51	68	61	175	149
Operating Profit Margin (%)	6.6%	3.4%	5.8%	2.3%	6.1%	7.8%	10.7%	13.7%	10.7%	10.9%
Other Income ⓘ	0	0	2	2	2	5	4	5	8	18
Interest ⓘ	0	1	3	1	0	1	9	13	19	26
Depreciation ⓘ	2	1	1	1	1	1	5	6	7	9
Exceptional Items ⓘ	0	0	0	0	0	-6	0	13	0	0
Profit Before Tax ⓘ	3	0	1	2	29	48	58	61	156	132
Tax ⓘ	0	-5	0	1	-3	15	17	16	40	31
Profit After Tax	3	5	0	1	32	33	41	45	116	101
PAT Margin (%)	3.6%	6.8%	1.2%	1.2%	6.9%	5.0%	6.5%	10.2%	7.1%	7.4%
Adjusted EPS (₹)	0.4	0.7	0.1	0.1	4.0	4.2	3.9	4.3	10.5	8.7
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	8%	0%	4%	6%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	4	10	10	11	43	76	140	184	314	472
Share Capital ⓘ	15	15	15	15	15	15	21	21	22	23
Reserves ⓘ	-11	-6	-5	-4	27	60	119	163	292	449
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	9	37	35	41	0	2	0	15	82	96
Long Term Debt	0	0	35	41	0	0	0	1	40	39
Short Term Debt	9	37	0	0	0	2	0	14	41	57
Trade Payables	49	63	8	41	101	41	100	77	193	52
Others Liabilities ⓘ	7	8	6	4	12	30	105	110	179	139
Total Liabilities ⓘ	70	117	59	98	156	149	345	386	767	760
Fixed Assets
Gross Block	27	28	28	15	17	25	90	89	153	159
Accumulated Depreciation	12	13	13	1	2	3	3	4	6	15
Net Fixed Assetsⓘ	16	15	15	14	15	22	87	85	147	144
CWIP ⓘ	0	0	0	0	0	0	0	0	3	9
Investmentsⓘ	0	0	0	0	0	0	74	74	74	81
Inventories	1	1	1	5	8	3	5	7	11	7
Trade Receivables	50	80	9	37	87	72	93	116	245	305
Cash Equivalents	1	0	1	1	4	21	17	0	10	33
Others Assetsⓘ	3	20	34	41	42	31	68	102	277	181
Total Assets ⓘ	70	117	59	98	156	149	345	386	767	760

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-2	-25	4	-4	44	12	123	-14	28	-4
PBT ⓘ	3	0	1	2	29	48	58	61	156	132
Adjustment ⓘ	3	2	2	1	-1	31	19	12	24	31
Changes in Working Capital ⓘ	-8	-27	2	-7	22	-54	46	-87	-136	-143
Tax Paid ⓘ	0	0	0	0	-7	-12	0	0	-17	-24
Cash Flow From Investing Activity ⓘ	4	-2	0	1	0	5	-122	-5	-78	-16
Capex	-1	0	0	-1	-2	0	-6	-6	-71	-12
Net Investments	0	0	0	0	0	0	-74	-4	-6	-12
Others ⓘ	5	-2	0	1	2	5	-43	4	0	8
Cash Flow From Financing Activityⓘ	-2	26	-3	4	-41	1	-5	2	60	43
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	8	0	14	63
Net Proceeds from Borrowing ⓘ	0	27	-1	0	0	0	0	15	67	15
Interest Paid ⓘ	0	-1	-3	-1	0	-1	-9	-1	-11	-18
Dividend Paid ⓘ	0	0	0	0	0	0	-2	-1	0	-6
Others ⓘ	-2	0	0	5	-41	2	-2	-11	-11	-11
Net Cash Flow ⓘ	-1	0	1	0	3	17	-4	-17	10	23

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	105.23	75.17	4.65	8.83	117.35	55.86	38.01	28.06	46.6	25.67
ROCE (%)	23.32	5.49	6.74	6.04	61.08	81.06	61.52	43.46	59.09	32.77
Asset Turnover Ratio	1.62	0.83	0.43	0.99	3.64	4.33	2.56	1.22	2.83	1.79
PAT to CFO Conversion(x)	-0.67	-5	N/A	-4	1.38	0.36	3	-0.31	0.24	-0.04
Working Capital Days
Receivable Days	116	305	427	107	49	44	48	86	41	73
Inventory Days	10	4	12	15	5	3	3	5	2	2
Payable Days	0	4	24	137	65	47	49	85	26	31

Refex Industries Ltd Stock News

Refex Industries Ltd FAQs

What is the share price of Refex Industries?

Company share prices are keep on changing according to the market conditions. The closing price of Refex Industries on 21-Nov-2024 16:59 is ₹469.6.

What is the market cap of Refex Industries?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Refex Industries stood at ₹6,051.9.

What is the P/E ratio of Refex Industries?

The latest P/E ratio of Refex Industries as of 21-Nov-2024 16:59 is 46.98.

What is the P/B ratio of Refex Industries?

The latest P/B ratio of Refex Industries as of 21-Nov-2024 16:59 is 9.55.

What is the 52-week high and low of Refex Industries?

The 52-week high of Refex Industries is ₹600.0 and the 52-week low is ₹105.3.

What is the TTM revenue of Refex Industries?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Refex Industries is ₹1,748 ( Cr.) .

About Refex Industries Ltd

Refex Refrigerants Limited was incorporated as Refex Refrigerants Private Limited on September13,2002 under the Companies Act 1956. The Company was converted into a Public Limited Company on 13th March 2006 with the name â€˜Refex Refrigerants Limited. Tarachand Jain, is the founder and Chairman of the company.

Refex Refrigerants is a specialist refiller and distributor of Refrigerant gases in India particularly, environmentally acceptable gases that are replacements for chloro-fluoro-carbons (CFC's). These Refex Refills Refrigerants are used primarily as refrigerants, foam blowing agents and aerosol propellants.

RRL exercise superior quality control and efficiency with the aid of sophisticated and novel computer technology. Refex is committed to the responsible treatment of both human beings and the environment: the standards it upholds-governing quality, environmental protection, and product and workplace safety are documented in guidelines for the various business segments and form an integral part of the Group's corporate strategy.

Refex is committed to being an exemplary player in terms of safety, protection of health and the environment, and sustainable development. The Group's policy is underpinned by strong values shared across the Company: spirit of initiative, commitment to progress, professionalism, solidarity, openness, and dialogue.

For a number of years, Refex has been committed to a continuous improvement approach concerning safety and the protection of health and the environment, with three paramount objectives

Product range of the company includes:

Refex 134a - It is used in new medium-and high-temperature stationary commercial refrigeration, as well as chiller systems and home appliances. In addition, it can be used to retrofit existing R-12 refrigeration and air conditioning systems. It is also the global standard for new mobile air conditioning and can be used to retrofit existing R-12 mobile air conditioning systems.
R 404A refrigerant -R 404A continues to lead the way as the global industry standard HFC refrigerant for new commercial refrigeration applications. R 404A delivers exceptional capacity and efficiency as an R-502 and R-22 replacement in refrigeration applications and is approved for use by the leading compressor and equipment manufacturers worldwide.
Refex 23 refrigerant -Refex 23 is an HFC retrofit refrigerant for R-13 and R-503 in very low temperature applications [below -40Â°F to -100Â°F (-40Â°C to -73Â°C)] such as medical freezers and environmental chambers. It can be used in new systems as well as to retrofit existing systems.
Refex 123 refrigerant -Refrigerant for R-11 in low-pressure centrifugal chillers. New centrifugal equipment design provides excellent energy efficiency. In retrofits of existing centrifugal chillers, systems modifications are often needed to increase capacity or avoid material incompatibility.
REFEX 141b -141b is ideal for spray since it is a liquid at atmospheric conditions and has low vapor thermal conductivity. These properties allow the production of easy to process polyurethane chemicals and the production of polyurethane foam with excellent physical properties.
Cans- RRL is a front-runner in the trade of refilling ozone friendly (HFC) gases used in mobile air conditioning and refrigeration. We are credited for many industry firsts and as a part of our incessant innovation; we are introducing REFEX 134a refrigerant cans.