Refex Industries Limited
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from Refex Industries Limited's yearly results (2023–2026), compared with Energy companies in India. Tap ? on any ratio for what it means.
What stands out
- Self-Funding Ratio: Over the last 3 years operating cash was negative while the company kept spending on investment (capex). Lower than almost all Energy companies in India.
- Profit Cash Ratio: Over the last 3 years, every ₹100 of reported profit came with ₹-30 of operating cash. Lower than almost all Energy companies in India.
Where ₹100 of sales goes
Latest year (Mar 2026). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
₹-30Over the last 3 years, every ₹100 of reported profit came with ₹-30 of operating cash.
Lower than almost all Energy companies in India.
Self-Funding Ratio
-0.3×Over the last 3 years operating cash was negative while the company kept spending on investment (capex).
Lower than almost all Energy companies in India.
Cash Locked Ratio
₹24For every ₹100 of sales, ₹24 is tied up in day-to-day operations (money owed by customers + stock − money owed to suppliers), against ₹4 tied up three years earlier.
More money tied up than 75% of Energy companies in India.
Growth quality
Steadiness Ratio
2/3 · 2/3Sales grew in 2 of the last 3 years; profit grew in 2 of 3.
Steadier than 51% of Energy companies in India.
Growth Efficiency Ratio
₹13Sales grew 41% in 3 years; of every extra ₹100 of sales, ₹13 became extra profit.
Higher than 58% of Energy companies in India.
Asset Productivity Ratio
+41% / +278%In 3 years sales changed by +41% while total assets changed by +278%. Assets grew faster than sales.
Balance-sheet strength
Debt Due Cover Ratio
0.8×Debt due within a year is covered 0.8 times by its yearly operating cash.
Lower than 68% of Energy companies in India.
Cash Cushion Ratio
−1%Debt, after subtracting cash, equals 1% of its market value (net debt).
Higher than 61% of Energy companies in India.
Tangible Assets Ratio
99%Of every ₹100 the company owns, ₹99 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
Less tangible than 54% of Energy companies in India.
Tangible Net Worth Ratio
99%Of every ₹100 of net worth, ₹99 is tangible; the rest is goodwill and other intangibles, often from buying other companies.
Less tangible than 57% of Energy companies in India.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (14)
Refex Industries Limited owes ₹0.47 for every ₹1 it owns. Net profit rose 28% in the year to Mar 2026, and grew 21% a year on average over 3 years.
Compared with Energy companies in India · latest annual results Mar 2026.
P/E ratio
11.4Investors pay ₹11.4 for every ₹1 of Refex Industries Limited's yearly profit, lower than 61% of Energy companies in India.
P/B ratio
2.15The share price is 2.15 times Refex Industries Limited's book value per share, higher than 62% of Energy companies in India.
Market cap
₹3,231 CrThe total market value of all of Refex Industries Limited's shares at today's price (share price × number of shares), smaller than 58% of Energy companies in India. PosiCap size class: Mini Cap.
Net worth (book value)
₹1,504 CrWhat Refex Industries Limited would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (31 Mar 2026).
Book value per share
₹109.61Net worth divided by the number of shares. The share price of ₹235.45 is 2.1 times this, which is the P/B above.
Return on equity (ROE)
18.8%Refex Industries Limited earned 18.8% on its shareholders' money over the last year, higher than 65% of Energy companies in India.
Owes vs Owns
0.47×Refex Industries Limited owes ₹0.47 for every ₹1 it owns (low), higher than 57% of Energy companies in India.
Dividend yield
0.79%Refex Industries Limited pays 0.79% of its share price as dividends a year, lower than 66% of dividend-paying Energy companies in India.
Revenue growth
+1%Revenue rose 1% in the year to Mar 2026, and grew 12% a year on average over 3 years.
Profit growth
+28%Net profit rose 28% in the year to Mar 2026, and grew 21% a year on average over 3 years.
Profit margin
8.9%Refex Industries Limited keeps ₹9 of every ₹100 of revenue as net profit.
Cash quality
0.5×Cash from Refex Industries Limited's business was 0.5× its reported profit in the year to Mar 2026 — less cash came in than the profit reported.
Interest cover
11.9×Refex Industries Limited's operating profit covered its interest costs 11.9 times in the year to Mar 2026.
Cash vs debt
Net debtRefex Industries Limited had ₹34 Cr more debt than cash (net debt) at Mar 2026.
Questions
What is Refex Industries Limited's P/E ratio?
Investors pay ₹11.4 for every ₹1 of Refex Industries Limited's yearly profit, lower than 61% of Energy companies in India.
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For Refex Industries Limited: ₹3,231 Cr ÷ ₹1,504 Cr (31 Mar 2026) = 2.1.
What is Refex Industries Limited's return on equity?
Refex Industries Limited earned 18.8% on its shareholders' money over the last year, higher than 65% of Energy companies in India.
How much does Refex Industries Limited owe compared with what it owns?
Refex Industries Limited owes ₹0.47 for every ₹1 it owns (low), higher than 57% of Energy companies in India.
Does Refex Industries Limited pay a dividend?
Yes. Refex Industries Limited pays 0.79% of its share price as dividends a year, lower than 66% of dividend-paying Energy companies in India.
Is Refex Industries Limited's revenue growing?
Revenue rose 1% in the year to Mar 2026, and grew 12% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.