1. MARKETS
  2. SECTOR : GENERAL INDUSTRIALS
  3. INDUSTRY : INDUSTRIAL GASES
  4. REFEX INDUSTRIES LTD.
Refex Industries Ltd.
NSE: REFEX | BSE: 532884

Refex Industries Live Share Price Today, Share Analysis and Chart

Falling Comet
aboutRefex Industries Ltd. (REFEX) is a multi-divisional company specializing in environmental solutions and energy-related services. Established as a pioneer in the refrigerant gas industry, the company has diversified into ash handling, coal trading, an... Read More
Volume GrowthLong-term Contracts
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217.96-0.22(-0.10%)

42.94% Fall from 52W High

183.0K
NSE+BSE Volume

NSE 03 Nov, 2026 3:31 PM (IST)

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Falling CometThese stocks are medium quality with average financials. However, their weak momentum indicates low investor interestView SimilarEmbed DVM
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SWOT Analysis

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Medium rank

8Positive15Negative

34.8%Pass in checklist

045
55
100

Check P/E Buy Sell Zone

Neutral Zone

51.0 %    into P/E buy sell zone

% time spent below current P/E
020406080100
Strong upside potential
Gains already realized

Refex Industries Stock Price Analysis

Day Price Range

-0.1% 1 Day return
218 (LTP)
216.6223
LowHigh

Week Price Range

-3.3% 1 Week return
218 (LTP)
209241.8
LowHigh

Month Price Range

-19.7% 1 Month return
218 (LTP)
209276
LowHigh

52 Week Price Range

-40.8% 1 Year return
218 (LTP)
188382
LowHigh
View full Price History/Seasonality

Refex Industries Technical Analysis

Refex Industries EMA & SMA

Bearish-8
0 bullish, 8 bearish
Bullish0
Bearish8
5 Day220.0
10 Day226.7
12 Day229.4
20 Day238.6
26 Day244.2
50 Day259.8
100 Day273.2
200 Day285.8

Refex Industries Delivery And Volume

Daily Avg. Delivery Volume %
03 Nov, 202649.9%
Week35.6%
Month45.4%
Legend
Positive IndicatorNeutral IndicatorNegative Indicator

Refex Industries Resistance and Support

219.18
Pivot
First Resistance221.8
Second Resistance225.6
Third Resistance228.1
First Support215.4
Second Support212.8
Third Support209
Day RSI30.6
Day MACD-14.9
Day MFI39.2
Day MACD Signal Line-12.9

Refex Industries Beta

1 Month0.4
1 Year1.3
3 Month0.5
3 Year1.1

Refex Industries Price Change Analysis

↓-19.7%
Over 1 Month
LowHigh
209276.0
↓-28.0%
Over 3 Months
LowHigh
209311.4
↓-17.4%
Over 6 Months
LowHigh
209371.4
↓-40.8%
Over 1 Year
LowHigh
188382
All Technicals →

Refex Industries Shareholding Pattern/ Ownership

Shareholding Summary

Sep 2026
 
NameCategorySharesShares %
Refex Holding Private LimitedPromoter77,623,08556.6 %
HufPublic1,935,8871.4 %

HISTORICAL PROMOTER HOLDING

HISTORICAL FII HOLDING

HISTORICAL MF HOLDING

All Shareholding details

Refex Industries Deals - Insider, Bulk, Block and SAST

Client NameDeal TypeActionDateAvg. PriceQuantityExchange
MICROCURVES TRADING PRIVATE LIMITEDBulkSell27 May 2026327.51770,121NSE
JUNOMONETA FINSOL PRIVATE LIMITEDBulkSell27 May 2026324.60721,469NSE
JUNOMONETA FINSOL PRIVATE LIMITEDBulkPurchase27 May 2026325.99785,524NSE
MICROCURVES TRADING PRIVATE LIMITEDBulkPurchase27 May 2026327.48770,121NSE
HRTI PRIVATE LIMITEDBulkSell16 Dec 2025308.591,265,065NSE
JUNOMONETA FINSOL PRIVATE LIMITEDBulkSell16 Dec 2025308.641,352,114NSE
ALPHAGREP SECURITIES PRIVATE LIMITEDBulkSell16 Dec 2025308.581,001,582NSE
QE SECURITIES LLPBulkSell16 Dec 2025308.50866,951NSE
ALPHAGREP SECURITIES PRIVATE LIMITEDBulkPurchase16 Dec 2025308.441,001,582NSE
HRTI PRIVATE LIMITEDBulkPurchase16 Dec 2025308.431,143,924NSE
All deals
All insider trades

Refex Industries Corporate Actions

Refex Industries Dividend history and yield

Refex Industries dividend yields, including actual and adjusted, and dividend history, including announcement, record, and ex-dividend dates. Track Refex Industries dividend yield over time.

#Ex-Date
Dividend AmountDividend TypeRecord DateInstrument Type
124 Jul 2026
1FINAL24 Jul 2026Equity Share
219 Aug 2025
0.5INTERIM19 Aug 2025Equity Share
320 Feb 2024
0.5INTERIM20 Feb 2024Equity Share
414 Sep 2023
2FINAL-Equity Share
516 Sep 2021
0.5FINAL-Equity Share

Refex Industries Board Meetings

Refex Industries past and upcoming board meetings.

#Ex-Date
PurposeNotes
128 Oct 2026
Quarterly Results-
229 Jul 2026
Quarterly Results-
326 May 2026
Audited Results & Final Dividend-
421 Jan 2026
Quarterly Results-
504 Nov 2025
Quarterly Results-

Refex Industries Stock Split

Refex Industries stock split details, including announcement, record, and ex-split dates, along with the split ratios

#Ex-Date
Old FVNew FVRecord Date
122 Mar 2024
10222 Mar 2024

Refex Industries Rights issue

Refex Industries rights issue history, along with record, ex-rights dates, and rights ratios.

#Ex-Date
RatioFace ValuePremiumRecord Date
116 Jun 2020
5.0:14.0103517 Jun 2020
All Corporate Actions

Refex Industries Research Reports

Refex Industries research reports with share price targets, and buy/hold/sell recommendations from top brokers.

#
Date
Broker NameTargetPrice When RecommendedTypeUpsideChange Since RecommendationLinks
106 Jan 2025Exencial666488.9Buy36.22%-55.42%pdf
All Reports of Refex

Refex Industries Corporate Filings

Refex Industries BSE corporate filings and AGM, press releases, insider trading & SAST, results and corporate actions.

DateAnnouncement TitleDetailsLinks
03 Nov 2026
Refex Industries Ltd - 532884 - Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on November 03, 2026 for Refex Holding Pvt Ltd
PDF
02 Nov 2026
Refex Industries Ltd - 532884 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of the earnings conference call held for the 2nd quarter and half year ended September 30, 2026 of FY 27
PDF
30 Oct 2026
Refex Industries Ltd - 532884 - Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011.
The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on October 30, 2026 for Refex Holding Pvt Ltd
PDF
30 Oct 2026
Refex Industries Ltd - 532884 - Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on October 30, 2026 for Refex Holding Pvt Ltd
PDF
29 Oct 2026
Refex Industries Ltd - 532884 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio recording for the Earnings Call held for the 2nd quarter and half year ended September 30, 2026 for FY27
PDF
VIEW ALL

Refex Industries DocumentsAsk MarketMind AI

Refex Industries Earnings Call

Refex Industries earnings calls, including management commentary and AI-generated summaries.

DateTitleLinks
02 Nov 2026Refex Industries Ltd - 532884 - Announcement under Regulation 30 (LODR)-Earnings Call TranscriptLink
29 Oct 2026Refex Industries Ltd - 532884 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeLink
04 Aug 2026Refex Industries Ltd - 532884 - Announcement under Regulation 30 (LODR)-Earnings Call TranscriptLink
31 Jul 2026Refex Industries Ltd - 532884 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeLink
02 Jun 2026Refex Industries Ltd - 532884 - Announcement under Regulation 30 (LODR)-Earnings Call TranscriptLink
view all

Refex Industries Annual Reports

Refex Industries financials, including annual results, balance sheets, and cash flow statements.

DateReport TitleLinks
2026Annual Report Mar-2026Link
2025Annual Report Mar-2025Link
2024Annual Report Mar-2024Link
2023Annual Report Mar-2023Link
2022Annual Report Mar-2022Link

Refex Industries Credit Ratings

Refex Industries credit ratings from CRISIL and leading rating agencies, assessing financial stability, investment grade, and related PDF documentation.

DateRating AgencyCompany NameDescriptionLinks
14 May 2014icra ratingsRefex Refrigerants Limited ICRA withdraws rating assigned to bank lines of Refex Refrigerants LimitedLink
13 Jun 2013icra ratingsRefex Refrigerants Limited ICRA suspends ratings assigned to bank limits of Refex Refrigerants LimitedLink
09 May 2012icra ratingsRefex Refrigerants Limited Ratings revised for bank facilities of Refex Refrigerants Limited to [ICRA]DLink
13 Feb 2011icra ratingsRefex Refrigerants Limited ICRA assigns LBB (Stable) and A4 ratings to the bank facilities of Refex Refrigerants Limited Link

Refex Industries Investor Presentations

Refex Industries investor presentations, including business updates, financial insights, and strategic initiatives.

DateReport TitleLinks
28 Oct 2026Refex Industries Ltd - 532884 - Announcement under Regulation 30 (LODR)-Investor PresentationLink
29 Jul 2026Refex Industries Ltd - 532884 - Announcement under Regulation 30 (LODR)-Investor PresentationLink
29 Jul 2026Refex Industries Ltd - 532884 - Announcement under Regulation 30 (LODR)-Investor PresentationLink
26 May 2026Refex Industries Ltd - 532884 - Announcement under Regulation 30 (LODR)-Investor PresentationLink
21 Jan 2026Refex Industries Ltd - 532884 - Announcement under Regulation 30 (LODR)-Investor PresentationLink

Refex Industries - Company Profile

Refex Industries Management Structure

Refex Industries management structure with salaries, total experience, and qualifications.

NAMEDESIGNATIONGROSS REMUNERATION ₹(LAC)AS OFHISTORY & DETAILS
Ankit PoddarCompany Secretary,Compliance Officer-Mar 26
Mrs. Lalitha UthayakumarGeneral Manager(Accounts)-Mar 26
Dinesh Kumar AgarwalExecutive Director,Whole Time Director,Chief Financial Officer-Mar 26
Mr. Tarun AroraChief Business Officer(Coal)-Mar 26
Ms. Harini SriramanVice President(Group General Counsel)-Mar 26
Ms. Jahanvi KhedwalChief of Staff-Mar 26
Mr. Jagdish JainHead-Mar 26
Mr. Harshvardhan DugarSenior Vice President - Business Development(Business Development)-Mar 26
Mr. Vishesh MehtaSenior General Manager-Mar 26
Mr. Purvesh Madhusudan KapadiaGroup Chief Human Resources Officer-Mar 26
Mr. Sahil SinglaPresident(Corporate Finance)-Mar 26
Mr. Gautam JainSenior Vice President(Investor Relations)-Mar 26
Mr. Sonal JainVice President(Accounting & Taxation)-Mar 26
Mr. Srivaths VaradharajanGroup Chief Technology Officer-Mar 26
Ms. Srividya NirmalkumarVice President(Corporate Communication.)-Mar 26
Mr. Suhail ShariffVice President(Administration,Facility)-Mar 26

Refex Industries Board of Directors

Refex Industries Board of directors with salaries, total experience, and qualifications.

NAMEPOSITIONGROSS REMUNERATION ₹(LAC)AS OFHISTORY & DETAILS
T Anil JainChairman / Executive Director / M D / Promoter150Mar 26
Sivaramakrishnan VasudevanIndependent Non Exe. Director5.3Mar 26
T. Ramesh DugarIndependent Non Exe. Director4.7Mar 26
Latha VenkateshIndependent Non Exe. Director2.7Mar 26
Susmitha SiripurapuNon-Exec & Non-Independent Dir2.4Mar 26
Vineet KothariIndependent Non Exe. Director1.9Mar 26
Dinesh Kumar AgarwalExecutive Director / Whole Time Director / CFO-Mar 26
Ankit PoddarCompany Sec. & Compli. Officer-Mar 26
Website: www.refex.co.in

About the company - Business Profile

Refex Industries Ltd. (REFEX) is a multi-divisional company specializing in environmental solutions and energy-related services. Established as a pioneer in the refrigerant gas industry, the company has diversified into ash handling, coal trading, and green mobility. Refex serves critical infrastructure sectors, primarily focusing on thermal power plants and sustainable transportation, positioning itself as a provider of circular economy solutions within the energy ecosystem.

Key Points

  • Key Facts:
    • Founded: 2002.
    • Headquarters: Chennai, Tamil Nadu.
    • Stock Listing: BSE and NSE (Stock Code: REFEX).
    • Products/Services: Refrigerant gases (HFCs), Fly Ash disposal, Coal handling, Power trading, Solar power generation, and Electric vehicle (EV) mobility.
  • Operations and Resources:
    • Ash Handling: Operates across 14+ states with 40+ thermal power plant projects. The company manages over 70,000 MT of ash per day.
    • Logistics: Maintains a fleet of over 2,000 owned and leased vehicles for ash transportation.
    • Refrigerant Gas: Operates refilling facilities and maintains a network of over 450 dealers and distributors across India.
    • Solar & Wind: Operates a 12 MWp solar power plant in Rajasthan and is expanding into wind energy through its subsidiary, Venwind Refex Power Limited.
  • Market and Significance:
    • Refex is the largest organized player in India's ash handling segment, securing significant contracts from NTPC and other state-run utilities.
    • In the refrigerant sector, it provides sustainable alternatives (HFCs) to traditional ozone-depleting substances, serving major OEMs like LG, Voltas, Carrier, and TVS Mobility.
  • Business Model and Performance:
    • Business Model: The company operates a service-oriented model centered on waste management (ash) and environmental sustainability (green mobility and HFC gases). It generates revenue through long-term service contracts with power plants and volume-based sales in the refrigerant market.
    • Revenue Breakdown (FY2024-25):
      • Ash & Coal Handling: ₹2,235.57 crore (approx. 92% of total revenue).
      • Power Trading: ₹109.00 crore.
      • Refrigerant Gas: ₹61.59 crore.
      • Solar Power Generation: ₹11.62 crore.
      • Total Revenue: ₹2,430.02 crore.
    • Growth Metrics: Ash handling volume grew by over 100% year-on-year in FY25, reaching more than 10 million tonnes handled. The refrigerant gas segment has a 5-year volume CAGR of 22.1%.
  • Innovation and Strategic Initiatives:
    • Green Mobility: Launched Refex Green Mobility Limited (RGML), providing EV services for corporate and B2B transportation, currently operating a fleet of 1,600+ vehicles.
    • Vertical Integration: Moving toward owning more transportation assets to improve margins and exploring new research-driven uses for fly ash.
    • Digital Transformation: Prioritizing technology-driven operational frameworks for real-time tracking and logistics efficiency.
  • Employee and Organizational Structure:
    • Team Size: Approximately 450+ employees as of late 2025.
    • Certifications: Certified as a Great Place to Work (April 2025 - April 2026).
    • Subsidiaries: Includes Refex Green Mobility Limited and Venwind Refex Power Limited.
  • Future Outlook:
    • The company has a current order book of approximately ₹1,500 crore as of January 2026.
    • Strategic focus remains on expanding the Ash Handling footprint in new states, growing the EV mobility fleet, and establishing a presence in the wind turbine manufacturing space.

References

  1. Annual Report Mar 2025
  2. Investor Presentation Jan 2026
  3. Investor Presentation Nov 2025
  4. Annual Report May 2024

Refex Industries FAQ

Refex Industries today is trading in the red, down by 0.1% at ₹217.96.
Refex Industries is currently trading down 0.1% on an intraday basis. In the past week the stock fell 3.34%. Stock has been down 28.02% in the past quarter and fell 40.8% in the past year. You can view this in the share price history/seasonality section.
Refex Industries is listed on NSE with the ticker REFEX and on BSE as 532884. It's currently trading on NSE at a share price of ₹217.96 and on BSE with a share price of ₹219.2.
The market cap of Refex Industries is ₹2,991.03 Cr. as of Nov 03, 2026.
Refex Industries announced a FINAL dividend of 50% which equals ₹1 in Jul 24, 2026.The last three ex-dates for Refex Industries were Aug 19, 2025, Feb 20, 2024 and Sep 14, 2023. To view the full dividend history of Refex Industries click here.
Refex Industries has never issued bonus shares, but it has issued 1 stock split since its BSE/NSE listing. The latest announcement for Refex Industries stock split was on Mar 22, 2024 at a ratio of 10:2.
Refex Industries reported ₹763.36 Cr. in revenue, ₹50.09 Cr. in net profit, and ₹95.13 Cr. in EBITD as of Oct 28, 2026 for Q2 FY26-27.
There are no analyst predictions for stock price target for Refex Industries.
The PE ratio of Refex Industries is 11.56 as of Nov 03, 2026.
The PB ratio of Refex Industries is 1.91 as of Nov 03, 2026.
There are no analyst reports for Refex Industries.
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