Refex Industries Ltd

Refex Industries Ltd

₹ 153 0.99%
14 Jun 4:01 p.m.
About

Refex Industries Limited (RIL) is a specialist manufacturer and re-filler of Refrigerant gases that are replacements for Chloro-fluoro-carbons. [1]

Key Points

Business Verticals

  • Market Cap 1,765 Cr.
  • Current Price 153
  • High / Low 185 / 101
  • Stock P/E 17.5
  • Book Value 40.9
  • Dividend Yield 0.26 %
  • ROCE 28.8 %
  • ROE 25.7 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 26.2% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.4%
  • Promoter holding has increased by 2.01% over last quarter.

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
152 83 94 90 177 265 353 380 630 381 350 302 337
131 72 82 77 155 243 317 341 557 345 315 268 294
Operating Profit 22 12 12 12 22 22 37 40 74 37 35 34 44
OPM % 14% 14% 13% 14% 12% 8% 10% 10% 12% 10% 10% 11% 13%
4 1 2 1 15 2 2 1 2 2 5 3 8
Interest 8 2 2 2 3 4 3 4 6 6 6 7 7
Depreciation 4 1 1 1 1 2 2 2 2 2 2 2 2
Profit before tax 13 9 10 9 32 19 34 36 68 30 32 27 43
Tax % 41% 25% 26% 28% 25% 27% 26% 26% 25% 26% 27% 28% 16%
8 7 7 7 24 14 25 26 51 22 23 20 36
EPS in Rs 0.72 0.67 0.71 0.65 2.29 1.31 2.42 2.37 4.59 1.99 2.12 1.79 3.09
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
17 25 85 78 38 77 461 661 633 444 1,629 1,371
25 22 79 75 36 75 433 609 565 383 1,454 1,222
Operating Profit -8 2 6 3 2 2 28 51 68 61 175 149
OPM % -46% 10% 7% 3% 6% 2% 6% 8% 11% 14% 11% 11%
-4 3 0 0 2 2 2 -1 4 18 8 18
Interest 1 2 0 1 3 1 0 1 9 13 19 26
Depreciation 3 2 2 1 1 1 1 1 5 6 7 9
Profit before tax -16 1 3 0 1 2 29 48 58 61 156 132
Tax % 0% 0% 0% -1,613% 13% 46% -10% 31% 29% 26% 26% 23%
-16 1 3 5 0 1 32 33 41 45 116 101
EPS in Rs -1.49 0.11 0.29 0.51 0.04 0.09 3.01 3.16 3.90 4.32 10.50 8.73
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 8% 0% 4% 0%
Compounded Sales Growth
10 Years: 50%
5 Years: 24%
3 Years: 29%
TTM: -16%
Compounded Profit Growth
10 Years: 56%
5 Years: 26%
3 Years: 35%
TTM: -13%
Stock Price CAGR
10 Years: 60%
5 Years: 60%
3 Years: 75%
1 Year: 43%
Return on Equity
10 Years: 36%
5 Years: 34%
3 Years: 31%
Last Year: 26%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 15 15 15 15 15 15 15 15 21 21 22 23
Reserves -15 -14 -11 -6 -5 -4 27 60 119 163 292 450
34 11 9 37 35 41 0 9 74 85 149 161
19 23 56 71 15 45 115 53 128 112 288 114
Total Liabilities 53 35 70 118 60 98 159 138 341 381 752 748
33 17 16 15 15 14 15 22 87 85 147 144
CWIP 0 0 0 0 0 0 0 0 0 0 3 9
Investments 0 0 0 0 0 0 0 0 74 74 74 81
20 17 54 103 45 83 143 116 181 222 528 514
Total Assets 53 35 70 118 60 98 159 138 341 381 752 748

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
12 9 -2 -25 4 -4 44 12 123 -14 28 -4
-8 13 4 -2 -0 1 0 5 -122 -5 -78 -16
-2 -21 -2 26 -3 4 -41 1 -5 2 60 43
Net Cash Flow 1 0 -1 -0 1 -0 3 17 -4 -17 10 23

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 168 65 215 376 87 173 69 40 54 96 55 81
Inventory Days 624 174 4 7 22 33 7 2 4 8 3 2
Days Payable 1,185 321 281 382 156 264 92 27 70 79 49 16
Cash Conversion Cycle -393 -82 -63 1 -47 -57 -15 15 -12 24 8 67
Working Capital Days -91 -107 5 132 255 159 9 22 20 84 51 94
ROCE % -25% 15% 24% 6% 7% 6% 61% 85% 45% 25% 48%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
49.72% 49.72% 49.72% 50.21% 50.21% 50.21% 52.70% 52.70% 52.70% 53.33% 53.27% 55.28%
0.00% 0.00% 0.29% 0.26% 0.00% 0.29% 0.00% 0.07% 0.68% 0.41% 0.20% 0.22%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.15% 0.10% 0.00% 0.00%
50.28% 50.28% 49.99% 49.53% 49.78% 49.50% 47.30% 47.23% 46.47% 46.17% 46.53% 44.50%
No. of Shareholders 25,58427,12227,29827,13527,24225,86528,28728,34033,61239,56842,58948,729

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls