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NSE: REFEX | BSE: 532884

₹271.30

up-down-arrow ₹6.05 (2.28%)

As on 01-Oct-2026IST

Market cap

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₹3,725 Cr

Revenue (TTM)

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₹2,853 Cr

P/E Ratio

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15.1

P/B Ratio

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2.6

Div. Yield

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0.6 %

Key Ratios and Highlights

Growth Score (%) Quarterly Annual (TTM)
Particulars QoQ YoY 1-Year 3-Years 5-Years
Revenue -1.91 160.42 38.49 11.80 34.93
EBIT -34.42 214.03 124.74 26.76 44.12
Net Profit -27.92 145.73 56.27 27.82 46.20
EPS -29.77 183.89 52.91 12.24 34.80
Book Value -- -- 22.13 52.10 49.74
Key Ratios (%) Average Annual (TTM)
Particulars3-Years5-YearsTTMMar-26Mar-25
EBIT-Margin info 11.83--14.2115.018.69
Net Margin info 9.05--9.9710.537.78
Return on equity info 22.86--20.6319.9523.60
Return on Capital info 27.58----24.0625.03
Return on Assets info 13.44--12.3710.4713.93
Debt to Equity (x) info ----0.020.120.16

Profitability

View Detailed Peer Comparison

ROCE

--

--

Earning before interest and taxes / (Average net worth + Average total Debt) * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
--
24.06
25.03
30.79
65.61
Peer Median
--
18.50
15.30
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
ROE

20.63

Higher than Peers by 6.18

Profit after tax / Average Net worth * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
20.63
19.95
23.60
23.86
51.17
Peer Median
14.45
15.17
11.31
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
ROA

12.37

Higher than Peers by 1.81

Profit after tax / Average Total assets * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
12.37
10.47
13.93
12.05
21.20
Peer Median
10.56
9.25
6.25
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EBIT Margin

14.21

Lower than Peers by 1.97

Operating profit (EBIT) / Net Sales * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
14.21
15.01
8.69
9.58
10.30
Peer Median
16.18
25.30
14.68
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Net Margin

9.97

Lower than Peers by 1.81

Net profit / Total Income (Net sales plus other income) * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
9.97
10.53
7.78
6.64
7.09
Peer Median
11.77
10.53
6.45
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Cash Profit Margin

--

--

(Net profit + Depreciation) / Gross Sales * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
--
11.52
8.39
7.70
7.55
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Growth

View Detailed Peer Comparison

Revenue Growth

38.49

Higher than Peers by 33.99

Year on year growth in net sales

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
38.49
0.77
63.39
-15.12
157.51
Peer Median
4.50
10.43
45.16
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EBIT Growth

124.74

Higher than Peers by 102.43

Year on year growth in operating profit (EBIT)

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
124.74
74.10
48.19
-21.06
--
Peer Median
22.31
36.64
55.31
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Net Profit Growth

56.27

Higher than Peers by 30.92

Year on year growth in profit after tax

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
56.27
34.88
93.27
-19.89
183.50
Peer Median
25.35
51.89
37.69
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EPS Growth

52.91

Higher than Peers by 44.58

Year on year growth in earnings per share

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
52.91
21.11
52.54
-23.45
169.33
Peer Median
8.33
32.67
-26.28
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Book Value Growth

--

--

Year on year growth in book value per share

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
--
29.71
127.35
48.10
125.17
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Solvency

View Detailed Peer Comparison

Debt to Equity

0.02

--

Total debt / Net worth

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
0.02
0.12
0.16
0.25
0.26
Peer Median
--
0.12
0.15
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Short term debt to equity ratio

--

--

(Short term borrowings / Net worth)

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
--
0.08
0.02
0.10
0.08
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Current Ratio

2.08

No difference

Current Assets / Current Liabilities and Provisions

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
2.08
2.08
3.49
2.59
1.59
Peer Median
2.08
1.54
1.96
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Quick Ratio

2.01

No difference

(Current Assets - Inventory) / Current Liabilities and Provisions

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
2.01
2.01
3.47
2.55
1.55
Peer Median
2.01
2.01
2.38
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Interest Coverage

11.14

Lower than Peers by 12.38

Earning before interest and taxes (EBIT) / Interest Expenses

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
11.14
10.04
13.88
5.13
9.06
Peer Median
23.53
10.04
5.53
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Operating Efficiency

View Detailed Peer Comparison

Debtors to sales

31.06

Higher than Peers by 10.99

Debtors outstanding / Net Sales * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
31.06
38.93
29.95
22.12
15.05
Peer Median
20.07
19.14
181.92
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Asset Turnover

1.23

Higher than Peers by 0.42

Sales / Average Total Assets

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
1.23
0.98
1.75
1.79
2.98
Peer Median
0.80
0.82
1.57
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Receivable days

--

--

Average Debtors / Sales * 365

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
--
125.29
79.38
72.73
37.88
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Inventory Days

--

--

Average Inventory / Sales * 365

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
--
6.69
1.18
2.38
1.83
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Payable days

--

--

Average Creditors / Cost of goods sold * 365

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
--
57.73
15.81
31.02
32.42
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Cash Conversion Cycle

--

--

Receivable Days + Inventory Days - Payable Days

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
--
74.26
64.75
44.09
7.29
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Valuation

View Detailed Peer Comparison

Price / Earnings

15.14

Lower than Peers by 36.71

Current share price divided by earning per share in the last twelve months

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
15.14
12.76
30.81
16.77
0.90
Peer Median
51.85
51.85
123.75
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Price / Book Value

2.58

Lower than Peers by 1.28

Current share price divided by book value per share in the latest financial year

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
2.58
1.90
4.61
3.35
1.67
Peer Median
3.85
4.87
3.83
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Dividend Yield

0.55

Higher than Peers by 0.36

Dividend per share in the past twelve months divided by current share price

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
0.55
0.79
--
0.37
0.84
Peer Median
0.19
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EV/EBITDA

7.70

--

Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
7.70
6.12
18.35
9.91
3.26
Peer Median
--
51.79
15.39
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Market Cap

3,725

No difference

Current Share price multiplied by latest total number of shares outstanding

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Refex
3,725
2,600
4,880
1,559
525
Peer Median
3,725
3,725
339
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
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