Refex Industries Limited specializes in trading eco-friendly refrigerant gases and providing comprehensive solutions for responsible coal procurement and ash disposal. The company was founded in 2002 and is headquartered in Chennai, India. The company was formerly known as Refex Refrigerants Limited and changed its name to Refex Industries Limited in November 2013.
Refex Industries Ltd is a manufacturer and refiller of refrigerant gases. The core business of Refex is refilling non-ozone depleting refrigerant gases popularly known as HydrofluoroCarbons (HFCs) which unlike regular refrigerants are eco-friendly and do not deplete the ozone layer. The company refills hydrofluorocarbons, which are used in air conditioners, refrigerators, and refrigerating equipment. These refrigerants are the replacements for the Chlorofluorocarbon's (CFC) and HCFC's that deplete the ozone layer.
The company's operating segment includes Coal & Ash Handling Business, Solar Power - Generation and Related Activities, Refrigerant Gas- (Refilling) and Sales, Sale Of Services, Power Trading, and Others. Geographically, the business activities are operated throughout the region of India.
The company entered the ash and coal handling business in 2018, offering services for the processing and disposal of ash and coal. It is the largest organized player in ash handling in India, managing 50,000 MT of ash daily. In FY24, it received significant tenders from NTPC and State Run Power plants for the ash disposal requirements. Other clients include Ultra Tech Cement, Adani, ACC, etc. It caters to 19+ power plants operates across MP, Karnataka, Chhattisgarh, Bihar, Maharashtra, etc.
In 2011, the company ventured into solar energy with a solar power plant set up in Barmer Dist., Rajasthan. It also engages in solar power generation and related activities; trading of coal; and provides coal yard management services and power trading solutions; as well as operates electric vehicles. Refex Industries' newly formed subsidiary, Venwind Refex Power Ltd, plans to invest ₹800 Crore to establish manufacturing facilities for 5.3 MW wind turbines, partnering with Vensys Energy AG from Germany.
The company's refilling capacity was increased from 40 MT to 2500 MT by adding more cylinders, tonners and filling lines. In 2020-21, it launched two new products - R600 and R152a with low GWP and replacements for R12 and R22 respectively. Refex Industries has 503 total employees.
Refex Industries Ltd. announced its quarterly results for Q4 FY2025 on April 24, 2025. In Q4 FY2025, Refex Industries Ltd. are as follows: Revenue: ₹643.88 Crore. Net Profit: ₹47.92 Crore. Refex Industries Ltd's net profit jumped 39.83% since last year same period to ₹47.92 Crore.
Revenue: ₹2,430 Crore. Profit: ₹189 Crore. On a consolidated basis, Refex Industries Ltd reported a profit of ₹47.92 Crore on a total income of ₹643.88 Crore for the quarter ended 2025. For the year ended 2024, Refex Industries Ltd had posted a profit of ₹92.98 Crore on a total income of ₹1,382.87 Crore.
- Trailing 12-month revenue of $291 Million as of March 31, 2025.
- EPS for 12 months was $0.15.
- The latest PE ratio as of June 27, 2025, is 37.13.
- The latest PB ratio as of June 27, 2025, is 0.21.
Market Cap ₹5,867 Crore as per recent data. The Refex Industries Ltd's 52-week high share price is ₹600.00 and 52-week low share price is ₹124.55. Over the last year REFEX INDUSTRIES LTD has showed a 115.84% increase.
Promoter holding in Refex Industries Ltd has gone down to 53.37% as of March 2025 from 57.12% as of September 2024. Refex Industries has allotted 98,334 equity shares under its Employee Stock Option Plan (ESOP) on June 5, 2025, increasing its paid-up equity share capital.
"Refex Industries Ltd.'s aim is to promote eco-friendly refrigerants with their state of the art technology to replace the CFCs and HCFCs that deplete the ozone layer." The company is positioning itself as a key player in India's green transformation through its diversified portfolio spanning ash handling, eco-friendly refrigerant gases, and green mobility solutions. With significant expansion plans in the renewable energy sector and a strong presence in the ash handling business, Refex Industries continues to build on its foundation of sustainable business practices while maintaining its leadership position in the refrigerant gases market.
