Refex Industries Ltd

About [ edit ]

Refex Industries is engaged in the business of refilling of eco friendly Refrigerant Gases. The Company's portfolio consists of trading and re-filling of Refrigerant Gases. The Company is also into the sale of Electrical Energy based on the generation of power and Sale of Solar Accessories and Job service related works etc.,

Key Points [ edit ]
  • Market Cap 275 Cr.
  • Current Price 131
  • High / Low 162 / 42.5
  • Stock P/E 9.53
  • Book Value 58.1
  • Dividend Yield 0.76 %
  • ROCE 85.3 %
  • ROE 62.4 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 64.53% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 71.90%
  • Debtor days have improved from 94.19 to 39.92 days.

Cons

  • Contingent liabilities of Rs.115.48 Cr.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2009 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
41 23 62 169 207 139 161 237 124 78 258 144
37 23 58 160 192 129 148 213 120 70 236 128
Operating Profit 4 0 4 9 15 10 13 24 4 8 22 16
OPM % 9% 2% 6% 6% 7% 7% 8% 10% 4% 10% 9% 11%
Other Income -1 0 1 0 0 1 2 0 -4 0 0 0
Interest 1 -0 0 0 0 0 0 0 1 0 0 0
Depreciation 0 0 0 0 0 0 -0 0 1 0 0 0
Profit before tax 2 1 4 10 15 11 14 24 -1 7 22 16
Tax % 23% 0% 0% 0% -19% 19% 22% 28% -321% 26% 28% 22%
Net Profit 1 1 4 10 18 9 11 17 -4 5 16 12
EPS in Rs 0.25 0.33 1.80 4.56 8.37 4.14 5.22 8.21 -1.80 2.52 7.62 5.74

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
85 78 38 77 461 661 604
79 75 36 75 433 610 554
Operating Profit 6 3 2 2 28 51 50
OPM % 7% 3% 6% 2% 6% 8% 8%
Other Income 0 0 2 2 2 -1 -3
Interest 0 1 3 1 0 1 2
Depreciation 2 1 1 1 1 1 2
Profit before tax 3 0 1 2 29 48 44
Tax % 0% -1,613% 13% 46% -10% 31%
Net Profit 3 5 0 1 32 33 30
EPS in Rs 1.44 2.53 0.22 0.45 15.06 15.78 14.08
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:51%
3 Years:160%
TTM:-19%
Compounded Profit Growth
10 Years:%
5 Years:65%
3 Years:332%
TTM:-47%
Stock Price CAGR
10 Years:17%
5 Years:80%
3 Years:108%
1 Year:181%
Return on Equity
10 Years:%
5 Years:66%
3 Years:72%
Last Year:62%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
15 15 15 15 15 15 21
Reserves -11 -6 -5 -4 27 60 101
Borrowings 9 37 35 41 0 9 9
56 71 15 45 115 53 156
Total Liabilities 70 118 60 97 159 138 287
16 15 15 14 15 22 22
CWIP 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 74
54 103 45 83 143 116 192
Total Assets 70 118 60 97 159 138 287

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-3 -25 4 -4 44 12
4 -2 -0 -1 0 5
-2 26 -3 4 -41 1
Net Cash Flow -1 -0 1 -1 3 17

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 6% 7% 6% 61% 85%
Debtor Days 215 376 87 173 69 40
Inventory Turnover 65.54 16.36 17.76 62.94 103.62

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
31.51 31.51 31.51 34.51 34.51 34.51 34.51 34.51 34.51 49.72 49.72 49.72
0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.00
68.49 68.49 68.49 65.49 65.49 65.49 65.45 65.48 65.49 50.28 50.28 50.28

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