Refex Industries Limited
REFEX · NSE · Energy
With a 20% margin of safety, our buy-below price is ₹154.64.
Piotroski F-score 2/9 — quality of earnings & balance sheet.
Investability checklist
- ✓ROE above 15%17.8%
- ✓Low debt (D/E < 0.5)0.15x
- ✕Positive free cash flow
- ✓Revenue growth > 10%49%
- ✓Earnings growing88%
- ✕Net margin ≥ 10%8.9%
- ✓Current ratio > 1.52.04
- ✕Below our fair value
- ✕Margin of safety ≥ 20%
- ✓Above 200-day average
- ✓Above 50-day average
- –Positive 1-year return
- –Altman Z in safe zone
- ✕Piotroski ≥ 72/9
1-year price
EOD · 2026-06-16Our scores
Durability rewards strong, low-debt, profitable businesses; Valuation rewards stocks cheap vs their sector; Momentum rewards strong price trends.
Shareholding
Promoter holding via insider stake; institutional via reported holdings.
Key fundamentals
SWOT snapshot
Strengths
- •Lightly leveraged balance sheet.
Weaknesses
- •Weak Piotroski score (2/9).
Opportunities
- •Earnings growing (88% YoY).
- •Revenue growing (49% YoY).
Threats
- •Rich valuation versus sector peers.
- •High volatility (beta 1.73).
- •Trades ~40% above our estimated fair value.
About Refex Industries Limited
Refex Industries Limited engages in handling and disposal of fly ash in India. It provides refills hydrofluorocarbons, which is used in air conditioners, refrigerators, and refrigeration systems. The company engages in solar power generation and related activities; coal trading; and providing coal yard management services and power trading solutions
More in Energy
Our verdict, fair value, financial-health and checklist are StocksWizard's own estimates, computed from public end-of-day data using standard models (DCF, relative valuation, Altman Z, Piotroski). For information only — not investment advice or a recommendation. Verify independently before investing.