Refex Renewables Peer Comparison

BSE: 531260

₹347.50

₹3.40 (0.99%)

As on 21-Sep-2026IST

Market cap

₹156 Cr

Revenue (TTM)

₹72 Cr

P/E Ratio

--

P/B Ratio

-1.7

Div. Yield

0 %

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	Refex Renewables	Kalpataru Project	NBCC (India)	IRB Infra Dev	Cemindia Projects
Market cap (₹ Cr)	156	24,578	22,410	21,873	21,577
Revenue (₹ Cr)	72	27,380	12,752	7,686	10,185
Net Profit (₹ Cr)	-38.58	1,128.57	765.12	954.14	601.20
Net Margin (%)	-48.42	4.10	5.86	12.14	5.81
RoE (%)	--	14.91	24.04	4.76	27.06
Price to Earnings	--	21.63	30.17	22.92	35.87
Price-To-Book	-1.69	3.04	7.06	1.00	8.49

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	Refex Renewables	Kalpataru Project	NBCC (India)	IRB Infra Dev	Cemindia Projects
Operating Revenue	71.93	27,379.86	12,751.92	7,686.46	10,185.34
Total Income	79.68	27,545.58	13,051.30	7,862.07	10,349.71
Total Expenditure	42.15	25,103.14	12,095.48	3,504.07	9,127.83
EBITDA	29.78	2,276.72	656.44	4,182.39	1,057.51
Depreciation	19.86	517.59	13.59	1,206.21	167.25
EBIT	9.92	1,759.13	642.85	2,976.18	890.26
Interest	48.28	460.53	0.03	1,731.17	213.88
Other Income	7.75	165.72	299.38	175.61	164.37
Exceptional Items	0.00	36.58	80.16	-42.65	0.00
Profit before Tax	-30.61	1,500.90	1,022.36	1,377.98	840.75
Provision for Tax	7.97	372.33	257.23	423.83	239.55
Profit after Tax	-38.58	1,128.57	765.12	954.14	601.20

Liabilities (₹ Cr)

	Refex Renewables	Kalpataru Project	NBCC (India)	IRB Infra Dev	Cemindia Projects
Shareholder's Funds	-80.10	7,776.55	3,017.26	20,948.78	2,399.59
Minority Interest	0.22	7.92	-22.69	0.00	-0.03
Non-Current Liabilities	511.23	1,389.99	119.36	29,325.23	179.66
Current Liabilities	87.59	18,590.26	12,938.93	3,779.61	4,507.20
Total Liabilities	516.46	25,572.82	13,343.65	54,009.07	6,196.71

Assets (₹ Cr)

	Refex Renewables	Kalpataru Project	NBCC (India)	IRB Infra Dev	Cemindia Projects
Non-Current Assets	455.92	3,232.31	893.10	43,085.10	1,193.08
Current Assets	26.52	23,254.09	15,226.44	4,681.71	5,630.54
Total Assets	516.46	25,572.82	13,343.65	54,009.07	6,196.71
Total Debt*	472.66	4,188.62	0.00	18,991.63	964.11
Net Current Assets	-61.07	4,663.83	2,287.51	902.10	1,123.34
Contingent Liabilities	116.87	389.16	2,853.96	360.37	767.67

Cashflow (₹ Cr)

	Refex Renewables	Kalpataru Project	NBCC (India)	IRB Infra Dev	Cemindia Projects
Cash From Operating Activities	27.03	913.95	661.13	1,971.21	184.28
Cash Flow from Investing Activities	-40.00	-718.50	574.73	375.36	-234.09
Cash from Financing Activities	17.67	399.66	-269.24	-719.71	-217.85
Net Cash Inflow / Outflow	4.69	595.11	966.62	1,626.86	-267.66

Ratios

Profitability Ratios

	Refex Renewables	Kalpataru Project	NBCC (India)	IRB Infra Dev	Cemindia Projects
ROCE (%)	4.82	16.17	39.22	24.75	28.89
ROE (%)	0.00	14.91	24.04	4.76	27.06
ROA (%)	-7.46	4.24	5.12	1.77	8.85
EBIT Margin (%)	13.79	6.42	5.04	38.72	8.74
Net Margin (%)	-48.42	4.10	5.86	12.14	5.81
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

Growth Ratios

	Refex Renewables	Kalpataru Project	NBCC (India)	IRB Infra Dev	Cemindia Projects
Revenue Growth (%)	7.82	14.56	3.75	-2.20	8.70
EBIT Growth (%)	-25.13	19.41	0.84	12.35	27.32
Net Profit Growth (%)	-9.01	61.94	30.72	-85.60	46.72
EPS Growth (%)	-5.12	54.09	7.48	-0.36	46.84
Book Value Growth (%)	-458.98	26.77	11.39	44.25	22.74

Valuation Ratios

	Refex Renewables	Kalpataru Project	NBCC (India)	IRB Infra Dev	Cemindia Projects
Price / Earnings	-4.07	22.37	32.77	13.15	35.87
Price / Book Value	-1.69	3.04	7.06	1.00	8.49
Dividend Yield (%)	0.00	0.76	1.20	1.44	0.24
EV/EBITDA	20.67	11.44	24.21	9.04	20.42
Market Cap (₹ Cr)	272.68	16,645.34	22,109.97	27,253.93	9,576.25

Solvency Ratios

	Refex Renewables	Kalpataru Project	NBCC (India)	IRB Infra Dev	Cemindia Projects
Debt to Equity	-5.66	0.08	0.00	0.85	0.04
Short term debt to equity ratio	-0.34	0.32	--	0.02	0.42
Current Ratio	0.30	1.25	1.18	1.24	1.25
Quick Ratio	0.28	1.16	1.08	1.14	1.08
Interest Coverage	0.37	4.26	32,980.19	1.80	4.93

Operating Efficiency Ratios

	Refex Renewables	Kalpataru Project	NBCC (India)	IRB Infra Dev	Cemindia Projects
Debtors to sales (%)	5.42	30.70	39.93	2.02	12.71
Asset Turnover	0.14	1.03	0.85	0.14	1.50
Receivable days	34.05	111.40	90.37	26.12	43.45
Inventory Days	4.42	22.75	32.97	15.14	26.21
Payable days	--	264.65	4,141.82	363.68	196.85
Cash Conversion Cycle	--	-130.50	-4,018.48	-322.42	-127.19

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.