Refex Industries Limited

BSE: 532884 NSE: REFEX
Refex Industries Limited - chemicals and materials in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
CIN L45200TN2002PLC049601 Incorporated 13 September 2002 ROC Chennai HQ Chennai, Tamil Nadu, India
Active Listed - NSE: REFEX · BSE: 532884 Public Limited Company chemicals and materials
Market Cap
₹3,214 Cr
REFEX · NSE
Share Price
₹235.68
+0.64% today
Revenue
₹2,277 Cr
FY 2025-26 · +0.8% YoY
EBITDA
₹323 Cr
Margin 14.2%
Net Profit
₹242 Cr
FY 2025-26 · +52.5% YoY
P/E (TTM)
10.6x
P/B 2.0x
ROE
17.8%
ROCE 22.7%
Debt / Equity
0.19
Interest cover 12.1x

About Refex Industries Limited

Data last updated:

Refex Industries Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the industrial and specialty gases segment of the chemicals and materials sector. It was incorporated on 13 September 2002 and has been in existence for over 24 years.

The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L45200TN2002PLC049601. Its GSTIN is 33AACCR2495P1ZW (Tamil Nadu). The company holds 10 GST registrations, of which 8 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532884 and NSE: REFEX.

The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹27.44 Cr. It was formerly known as Refex Refrigerants Private Limited and Refex Refrigerants P Limited. It is led by directors including Anil Jain (Managing Director) and Dinesh Kumar Agarwal (Whole-Time Director).

Its last annual general meeting (AGM) was held on 31 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Chennai, Tamil Nadu.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2,276.74 Cr, a growth of 0.8% compared to the previous year. For the same year it recorded a net profit of ₹242.02 Cr (net margin 10.6%) and EBITDA of ₹323.02 Cr (EBITDA margin 14.2%). The net worth stands at ₹1,504.15 Cr (up 24% YoY). Total assets are valued at ₹1,735.33 Cr (up 15.6% YoY).

The company has about 254 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 2 brands: Refex eVeelz and Refex Group. As per MCA filings, the company has open charges of ₹993.14 Cr and satisfied charges of ₹555.52 Cr on record. Court records list 96 cases involving the company, including 67 filed by the company and 29 filed against it; 12 cases are pending. The company has 203 deals on record (192 market trades, 8 funding rounds, 1 ipo), with disclosed funding of ₹538.23 Cr; the latest was in May 2026. The company has 12 MSME Form 1 returns on record between 2019 and 2024, listing 147 overdue payments to 57 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website refex.co.in.

Company details

CIN L45200TN2002PLC049601
Registration Number 049601
Incorporation Date 13 September 2002
ROC Chennai
Listing Status Listed - Listed on NSE (REFEX); Listed on BSE (532884)
Company Status Active
Compliance Status Active Compliant

Name history

Refex Industries has undergone 3 name changes throughout its history. The company was previously known as Refex Refrigerants Private Limited, Refex Refrigerants P Limited, and Refex Refrigerants Limited. The current legal name is Refex Industries Limited.

Company NameStatus
Refex Industries LimitedCurrent
Refex Refrigerants Private LimitedPrevious
Refex Refrigerants P LimitedPrevious
Refex Refrigerants LimitedPrevious

CIN history

Refex Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L45200TN2002PLC049601, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L45200TN2002PLC049601Current
U28121TN2002PLC049601Previous
L40102TN2002PLC049601Previous
Key People
Anil Jain Managing Director Dinesh Kumar Agarwal Whole-Time Director Tarachand Dugar Ramesh Dugar Director

Contact details

Refex Industries Limited's registered office is in Chennai, Tamil Nadu. Its website is refex.co.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    refex.co.in
  • Social Media
  • Registered Address
    2nd Floor No.313 Refex Towers, Sterling Road Valluvar Kottam High Road, Chennai, Tamil Nadu, India – 600034
  • Industry
    Chemicals and Materials, Industrial & Specialty Gases

To see the full contact details of Refex Industries Limited, buy the company report.

Comprehensive company report
Refex Industries Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Refex Industries operates two associated brands: Refex eVeelz and Refex Group. Each brand links to its own profile.

BrandDescriptionWebsite
Refex eVeelz
Eco-friendly electric fleet for corporate employee commuting and services in India.eveelz.in
Refex Group
Provider of refrigerator gas verticalrefex.co.in

Business activity

The main business activities of Refex Industries are wholesale and retail trade; repair of motor vehicles and motorcycles, trade and electricity, gas, steam and air condition supply. In detail, this covers wholesale trade, except of motor vehicles and motorcycles, wholesale trading and electric power generation, transmission and distribution. 3 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GWholesale and retail trade; repair of motor vehicles and motorcycles46Wholesale trade, except of motor vehicles and motorcycles
GTradeG1Wholesale Trading
DElectricity, gas, steam and air condition supplyD1Electric power generation, transmission and distribution
BMining and quarryingB5Mining Support Services activities
GTradeG2Retail Trading

To see the full business activity and turnover split of Refex Industries Limited, buy the company report.

Financials of Refex Industries Limited

FY 2025-26 filings available

Refex Industries Limited reported revenue of ₹2,276.74 Cr (up 0.8% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹2,277 Cr
+0.8% YoY
EBITDA
₹323 Cr
+74.8% YoY
Profit After Tax
₹242 Cr
+52.5% YoY
Net Worth
₹1,504 Cr
+24.0% YoY
Total Assets
₹1,735 Cr
+15.6% YoY
Total Debt
₹225 Cr
-21.3% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2020-21FY 2019-20FY 2018-19
Income statement
Revenue2,2772,2591,3831,629633661461
Revenue growth+0.8%+63.4%-15.1%--4.3%+43.3%-
EBITDA32318514617467.6645.5228.27
EBITDA margin+14.2%+8.2%+10.6%+10.7%+10.7%+6.9%+6.1%
Profit before tax29220712115657.8448.0128.86
Net profit24215993.9011640.9337.7631.62
Net profit margin+10.6%+7.0%+6.8%+7.1%+6.5%+5.7%+6.9%
EPS (₹)14.8212.298.1152.5019.4921.4120.44
Balance sheet
Total assets1,7351,50168146422390.9143.27
Net worth1,5041,21346631414075.8142.73
Total debt22528621514974.159.020.39
Cash & bank39335248.2310.2317.2520.963.87
Net working capital1,4361,08338523852.7360.1315.95
Cash flow
Cash from operations107(248)2.8527.6212311.8944.19
Cash from investing(268)(105)(41.87)(77.56)(122)4.560.05
Cash from financing65.3560261.8759.89(4.72)0.63(41.06)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue761916934576415352594686
Revenue growth (YoY)+83.6%+160.4%+57.1%-16.0%-3.1%-40.5%--
Other income2.0412.353.945.805.2010.3916.0024.55
EBITDA93.0996.9814881.1461.3728.0347.3544.81
EBITDA margin+12.2%+10.6%+15.8%+14.1%+14.8%+8.0%+8.0%+6.5%
Depreciation6.405.835.335.044.954.683.022.63
Interest16.9212.9210.159.146.626.175.154.70
Profit before tax71.8190.5813672.7655.0027.5755.1862.03
Tax21.1226.0242.0020.0418.817.197.2611.98
Net profit50.6964.5694.4552.7236.1920.3847.9250.05
EPS (₹)3.644.596.543.892.651.533.523.84
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,0392,2591,3711,629444633661
Revenue growth-9.8%+64.9%-15.9%+267.0%-29.8%-4.3%-
EBITDA35120814917460.8567.6745.53
EBITDA margin+17.2%+9.2%+10.9%+10.7%+13.7%+10.7%+6.9%
Profit before tax33323913215660.9757.8548.02
Net profit24718910111635.2940.9437.01
Net profit margin+12.1%+8.4%+7.4%+7.1%+8.0%+6.5%+5.6%
EPS (₹)17.9214.668.7352.5021.6119.4921.41
Balance sheet
Total assets1,7901,41163546427022390.96
Net worth1,5721,25047331418414075.86
Total debt21715816114985.1074.159.02
Cash & bank24131148.0510.180.2917.2420.95
Net working capital1,4301,03138423810252.7460.13
Cash flow
Cash from operations30.81(254)9.5127.91(13.82)12311.89
Cash from investing(216)(82.24)(29.62)(77.66)(5.14)(122)4.56
Cash from financing10256842.8359.642.01(4.72)0.63
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue560619701576411351594686
Revenue growth (YoY)+36.1%+76.4%+17.9%-16.0%-4.0%-40.0%--
Other income5.908.014.097.037.7911.3417.7025.23
Total expenses469514560482337312533633
EBITDA90.4610514194.0173.7539.5661.6853.11
EBITDA margin+16.2%+17.0%+20.1%+16.3%+17.9%+11.3%+10.4%+7.7%
Depreciation4.124.033.943.803.783.742.972.63
Interest12.7611.029.838.306.215.794.994.70
Profit before tax79.4898.1113188.9471.5541.3771.4271.01
Tax20.0024.7137.5122.0419.538.3914.3311.98

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 12 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue761916934576415352594686
Revenue growth (YoY)+83.6%+160.4%+57.1%-16.0%-3.1%-40.5%--
Other income2.0412.353.945.805.2010.3916.0024.55
EBITDA93.0996.9814881.1461.3728.0347.3544.81
EBITDA margin+12.2%+10.6%+15.8%+14.1%+14.8%+8.0%+8.0%+6.5%
Depreciation6.405.835.335.044.954.683.022.63
Interest16.9212.9210.159.146.626.175.154.70
Profit before tax71.8190.5813672.7655.0027.5755.1862.03
Tax21.1226.0242.0020.0418.817.197.2611.98
Net profit50.6964.5694.4552.7236.1920.3847.9250.05
EPS (₹)3.644.596.543.892.651.533.523.84
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2020-21FY 2019-20FY 2018-19
Revenue2,2772,2591,3831,629633661461
Revenue growth+0.8%+63.4%-15.1%--4.3%+43.3%-
Other income25.3249.9118.138.294.444.791.85
Total expenses1,9542,0751,2371,455565615433
Employee cost36.9625.0119.6513.206.033.132.44
EBITDA32318514617467.6645.5228.27
EBITDA margin+14.2%+8.2%+10.6%+10.7%+10.7%+6.9%+6.1%
Depreciation20.009.9013.546.895.291.390.96
Interest36.5617.7329.3619.418.970.910.30
Profit before tax29220712115657.8448.0128.86
Tax88.0548.7328.3540.3316.9114.89(2.76)
Net profit24215993.9011640.9337.7631.62
Net profit margin+10.6%+7.0%+6.8%+7.1%+6.5%+5.7%+6.9%
EPS (₹)14.8212.298.1152.5019.4921.4120.44
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2020-21FY 2019-20FY 2018-19
Equity & liabilities
Share capital27.4425.8423.1422.1121.0015.4815.48
Reserves & surplus1,3361,03344329211960.3327.25
Shareholders' funds (net worth)1,5041,21346631414075.8142.73
Minority interest4.43(0.62)(0.89)0.000.000.000.00
Secured loans16117011781.580.110.130.09
Unsecured loans64.3211697.4067.8474.048.890.30
Total debt22528621514974.159.020.39
Total liabilities1,7351,50168146422390.9143.27
Assets
Gross block23837422415390.1024.5616.67
Net block21234520414786.7921.9314.88
Capital work in progress18.2117.228.613.250.000.000.27
Investments0.0030.7473.6273.7574.000.000.00
Inventories76.077.417.2310.815.493.187.59
Sundry debtors88667730624592.9672.2787.50
Cash & bank balances39335248.2310.2317.2520.963.87
Loans & advances1,18434614126055.2210.7332.23
Total current assets2,5401,382502526171107131
Total current liabilities1,10429911728811847.01115
Net working capital1,4361,08338523852.7360.1315.95
Total assets1,7351,50168146422390.9143.27
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2020-21FY 2019-20FY 2018-19
Opening cash28233.0810.230.2920.963.870.70
Net cash from operating activities107(248)2.8527.6212311.8944.19
Net cash from investing activities(268)(105)(41.87)(77.56)(122)4.560.05
Net cash from financing activities65.3560261.8759.89(4.72)0.63(41.06)
Net change in cash(95.41)24822.849.95(3.71)17.083.18
Closing cash39335248.2310.2317.2520.963.87
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2020-21FY 2019-20FY 2018-19
Growth
Sales growth+0.8%+63.4%-15.1%--4.3%+43.3%-
EBITDA growth+74.8%+26.5%-16.2%-+48.6%+61.0%-
PBT growth+40.9%+70.7%-22.4%+170.4%+20.5%+66.4%+1577.9%
Net income growth+52.5%+69.0%-19.2%-+8.4%+19.4%-
Revenue CAGR (3Y)+11.8%+52.9%+27.9%+52.3%+101.9%+159.7%+80.9%
EBITDA CAGR (3Y)+22.8%+39.8%+47.5%+83.4%+240.1%+175.4%+120.7%
Profitability & leverage
Net income margin+9.0%+7.0%+6.7%+7.1%+6.5%+5.0%+6.9%
Return on capital employed+22.7%+22.6%+26.3%+37.9%+42.6%+81.2%+45.6%
Return on net worth+17.8%+18.9%+23.8%+36.9%+38.0%+63.6%+73.7%
Debt / equity0.190.300.470.480.390.080.77
Long-term debt / equity0.100.190.310.340.320.050.12
Interest cover12.0710.1322.1511.5914.382.061.10
Efficiency & per share
Fixed asset turnover7.457.577.3510.6611.0432.0528.99
Inventory turnover54.55308.67153.31150.71145.94122.7071.93
Debtors turnover2.914.605.026.647.668.277.44
EPS (₹)14.8212.298.1152.5019.4921.4120.44
Dividend per share (₹)1.000.500.502.001.500.000.00
Book value per share (₹)99.4181.9540.28142.2166.4348.9827.61
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue560619701576411351594686
Revenue growth (YoY)+36.1%+76.4%+17.9%-16.0%-4.0%-40.0%--
Other income5.908.014.097.037.7911.3417.7025.23
Total expenses469514560482337312533633
EBITDA90.4610514194.0173.7539.5661.6853.11
EBITDA margin+16.2%+17.0%+20.1%+16.3%+17.9%+11.3%+10.4%+7.7%
Depreciation4.124.033.943.803.783.742.972.63
Interest12.7611.029.838.306.215.794.994.70
Profit before tax79.4898.1113188.9471.5541.3771.4271.01
Tax20.0024.7137.5122.0419.538.3914.3311.98
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,0392,2591,3711,629444633661
Revenue growth-9.8%+64.9%-15.9%+267.0%-29.8%-4.3%-
Other income30.0258.3618.158.2918.404.444.79
Total expenses1,6882,0521,2221,455383565615
Employee cost29.7224.4215.3713.2012.325.192.77
EBITDA35120814917460.8567.6745.53
EBITDA margin+17.2%+9.2%+10.9%+10.7%+13.7%+10.7%+6.9%
Depreciation15.279.858.806.895.655.291.39
Interest32.1217.5726.4019.4112.638.970.91
Profit before tax33323913215660.9757.8548.02
Tax87.4649.3030.7640.3315.5816.9114.89
Net profit24718910111635.2940.9437.01
Net profit margin+12.1%+8.4%+7.4%+7.1%+8.0%+6.5%+5.6%
EPS (₹)17.9214.668.7352.5021.6119.4921.41
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital27.4425.8423.1422.1121.0021.0015.48
Reserves & surplus1,4131,07145029216311960.38
Shareholders' funds (net worth)1,5721,25047331418414075.86
Secured loans15996.8696.2081.5815.080.110.13
Unsecured loans58.4161.4964.9867.5970.0274.048.89
Total debt21715816114985.1074.159.02
Total liabilities1,7901,41163546427022390.96
Assets
Gross block21721515915389.1590.1024.56
Net block19219914414785.0386.7921.93
Capital work in progress1.445.878.613.250.390.000.00
Investments10611481.1273.8574.0074.050.05
Inventories10.407.387.1910.817.465.493.18
Sundry debtors73767430524511692.9672.27
Cash & bank balances24131148.0510.180.2917.2420.95
Loans & advances1,07331013726089.3055.2410.74
Total current assets2,0621,302497526213171107
Total current liabilities63227011328811111847.01
Net working capital1,4301,03138423810252.7460.13
Total assets1,7901,41163546427022390.96
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash26432.9010.180.2917.2420.953.87
Net cash from operating activities30.81(254)9.5127.91(13.82)12311.89
Net cash from investing activities(216)(82.24)(29.62)(77.66)(5.14)(122)4.56
Net cash from financing activities10256842.8359.642.01(4.72)0.63
Net change in cash(83.33)23122.729.89(16.96)(3.71)17.08
Closing cash24131148.0510.180.2917.2420.95
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-9.8%+64.9%-15.9%+267.0%-29.8%-4.3%-
EBITDA growth+68.8%+39.7%-14.7%+186.6%-10.1%+48.6%-
PBT growth+39.6%+81.3%-15.8%+156.5%+5.4%+20.5%+66.4%
Net income growth+30.6%+87.5%-13.1%+229.2%-13.8%+10.6%-
Revenue CAGR (3Y)+7.8%+72.0%+29.4%+35.1%-1.3%+101.9%+159.7%
EBITDA CAGR (3Y)+26.2%+50.6%+30.0%+56.5%+29.1%+239.5%+175.0%
Profitability & leverage
Net income margin+12.1%+8.4%+7.4%+7.1%+10.2%+6.5%+5.0%
Return on capital employed+22.8%+25.1%+28.8%+47.9%+24.4%+42.5%+81.2%
Return on net worth+17.4%+22.0%+25.7%+46.6%+21.8%+38.0%+62.3%
Debt / equity0.130.190.390.470.490.390.08
Long-term debt / equity0.060.110.260.350.410.320.05
Interest cover9.588.8818.8611.5922.8814.382.06
Efficiency & per share
Fixed asset turnover9.4412.088.7913.474.9511.0432.05
Inventory turnover229.38310.15152.28178.3468.57145.94122.70
Debtors turnover2.894.624.989.014.247.668.27
EPS (₹)17.9214.668.7352.5021.6119.4921.41
Dividend per share (₹)1.000.500.502.000.001.500.00
Book value per share (₹)104.9684.9140.90142.2287.5966.4649.02

To see the full year-wise statements and ratios of Refex Industries Limited, buy the company report.

Board of directors of Refex Industries Limited

Refex Industries has 7 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Anil Jain
Also directs: LSM Developers LLP, Traction Infra LLP, Refex Capital Advisors LLP and 5 more
Managing Director13 Sep 200224 Years 1 MonthsCurrent
Dinesh Kumar Agarwal
Also directs: LSM Developers LLP, Traction Infra LLP, Refex Capital Advisors LLP and 5 more
Whole-Time Director27 Jul 201610 Years 3 MonthsCurrent
Tarachand Dugar Ramesh Dugar
Also directs: Hindustan Chamber of Commerce, Dugar Finance and Investments Limited
Director29 Dec 20205 Years 10 MonthsCurrent
Siripurapu Susmitha
Also directs: Venwind Refex Power Services Limited, Modepro (India) Pvt Ltd, Welfund Sustainable Assets Spv-1 Private Limited and 5 more
Director02 Feb 20233 Years 9 MonthsCurrent
Sivaramakrishnan VasudevanDirector31 Mar 20233 Years 7 MonthsCurrent
Vineet Kothari
Also directs: Icai Registered Valuers Organisation
Director19 Jun 20251 Years 4 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Auditor

Refex Industries Limited is audited by A B C D & CO for the financial year 2025.

Auditor firmFinancial yearFirm registration number
A B C D & COFY 2025016415S

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 56.60%, foreign institutional investors hold 0.90%, domestic institutional investors hold 0.40% and retail and other public shareholders hold 42.10%.

Promoters: 56.60%DII (Domestic Institutional): 0.40%FII (Foreign Institutional): 0.90%Retail & Others: 42.10%
Sep 2026
QUARTER
56.60% Promoters
0.40% DII (Domestic Institutional)
0.90% FII (Foreign Institutional)
42.10% Retail & Others
Promoter holding - history
Now 56.60% · Sep 2026High 56.60% · Sep 2026Low 53.30% · Dec 2025
52%53.5%55%56.5%58%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 53.30%Mar 2026: 55.80%Jun 2026: 55.80%Sep 2026: 56.60%53.30%56.60%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters56.60%55.80%55.80%53.30%
Public43.40%44.20%44.20%46.70%

Charges & borrowings

Open charges
₹993.14 Cr
Satisfied charges
₹555.52 Cr
Breakdown by lending institutions
Indian Overseas Bank₹462.05 Cr
Others₹431.37 Cr
Yes Bank Limited₹50.00 Cr
Union Bank of India₹37.48 Cr
State Bank of India₹7.00 Cr
Others₹5.23 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
19 Jun 2026101330356Others₹6 CrOpen
29 May 2026101316545Hdfc Bank Limited₹9.8 LakhOpen
24 Apr 2026101293339Indian Overseas Bank₹462.05 CrOpen
30 Mar 2026101274814Others₹25 CrOpen
30 Mar 2026101279415Hdfc Bank Limited₹40.38 LakhOpen

To see the full charge records of Refex Industries Limited, buy the company report.

Total charge records: 45 View all charges

Deals & funding

Refex Industries Limited has 203 deals on record (192 market trades, 8 funding rounds, 1 ipo), with disclosed funding of ₹538.23 Cr; the latest was in May 2026.

Total deals
203
Market trades
192
Funding rounds
8
IPO
1
Rights issue
1
Disclosed funding
₹538.23 Cr

Deals on record (5 of 203)

WhenDealAmountParties
May 2026Market trade₹50.83 CrBuyer: Junomoneta Finsol Private Limited , Microcurves Trading Private Limited
Seller: Microcurves Trading Private Limited , Junomoneta Finsol Private Limited
Dec 2025Market trade₹138.42 CrBuyer: Junomoneta Finsol Private Limited , Hrti Private Limited , Alphagrep Securities Private Limited
Seller: Junomoneta Finsol Private Limited , Hrti Private Limited , Alphagrep Securities Private Limited
Dec 2025Market trade₹22.46 CrBuyer: Irage Broking Services LLP
Seller: Irage Broking Services LLP
Dec 2025Market trade₹248.1 CrBuyer: Alphagrep Securities Private Limited , Junomoneta Finsol Private Limited , Hrti Private Limited
Seller: Alphagrep Securities Private Limited , Junomoneta Finsol Private Limited , Hrti Private Limited
Nov 2025Market trade₹92.78 CrBuyer: NK Securities Research Private Limited , Microcurves Trading Private Limited , Silverleaf Capital Services Private Limited
Seller: NK Securities Research Private Limited , Microcurves Trading Private Limited , Silverleaf Capital Services Private Limited

To see the full deal history of Refex Industries Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Refex Industries Limited was last rated by Acuite on 07 Aug 2026.

Rating agencyRated onRating
Acuite07 Aug 2026

To see the full credit ratings and regulatory alerts of Refex Industries Limited, buy the company report.

MSME payment delays

Refex Industries Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 147 overdue payments to 57 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 57)

SupplierAmount dueDue sinceReported on
E Travelvalue India Private Limited.
SK Power Systems / Ho
an individual supplier
an individual supplier
an individual supplier

To see the full MSME payment records of Refex Industries Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Refex Industries has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Refex Green Mobility LimitedU74909TN2023PLC158849

To see the full group structure of Refex Industries Limited, buy the company report.

Employees & EPFO

Refex Industries Limited has a workforce of 254 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
254
Active EPFO establishments
1
Employee growth
-49.7%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-27254
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18

To see the full employee and EPFO history of Refex Industries Limited, buy the company report.

GST

Refex Industries has 10 GST registrations: 8 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
10
Active
8
Cancelled / inactive
2
GSTINStateStatusRegistered on
33AACCR2495P1ZWTamil NaduActive01 Jul 2017
08AACCR2495P1ZPRajasthanActive01 Jul 2017
27AACCR2495P2ZOMaharashtraActive01 Jul 2017
29AACCR2495P1ZLKarnatakaActive15 Mar 2018

To see the full GST registrations and return filing status of Refex Industries Limited, buy the company report.

Recent activity

Refex Industries Limited has 40 board changes on record since 2002: 24 appointments and 16 cessations. The latest: Vineet Kothari was appointed as Director on 19 Jun 2025.

Charges
A charge registered on 23 Jan 2025 via Charge ID 101046366 with Axis Bank Limited was fully satisfied on 05 Sep 2026.
Charges
A charge registered on 28 Dec 2024 via Charge ID 101031240 with Others was fully satisfied on 04 Aug 2026.
AGM
Refex Industries Limited last Annual general meeting of members was held on 31 Jul 2026 as per latest MCA records.
Charges
A charge registered on 15 Oct 2024 via Charge ID 100998221 with Hdfc Bank Limited was fully satisfied on 16 Jul 2026.
Charges
A charge registered on 23 May 2025 via Charge ID 101108921 with Others was fully satisfied on 01 Jul 2026.
Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 101330356 was registered on 19 Jun 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.10 Cr with Charge ID 101316545 was registered on 29 May 2026.
Charges
A charge with Indian Overseas Bank of Rs. 462.05 Cr registered on 24 Apr 2026 with Charge ID 101293339 was modified on 27 May 2026.
Charges
A charge registered on 11 Aug 2025 via Charge ID 101148846 with Canara Bank was fully satisfied on 27 May 2026.
Charges
A charge registered on 09 Dec 2021 via Charge ID 100510986 with Hdfc Bank Limited was fully satisfied on 25 May 2026.
Charges
A charge with Indian Overseas Bank amounted to Rs. 462.05 Cr with Charge ID 101293339 was registered on 24 Apr 2026.
Charges
A charge with Others of Rs. 200.00 Cr registered on 28 Jan 2026 with Charge ID 101232471 was modified on 07 Apr 2026.

121 earlier events are in the company report.

News

REFEX: Q2 SL NET PROFIT 591M RUPEES VS 526M (YOY)
28 Oct 2026 · Exchange Update
REFEX: Q2 REVENUE 5.6B RUPEES VS 4.2B (YOY)
28 Oct 2026 · Exchange Update
REFEX: Q2 EBITDA 905M RUPEES VS 744M (YOY); Q2 EBITDA MARGIN 16.17% VS 18.1% (YOY)
28 Oct 2026 · Exchange Update
Refex Industries: Gets New Order Valued At Rs 31 Crore
21 Oct 2026 · Exchange Update
Refex Industries: Secures ₹32.45 Crore Ash Transportation Contract From Maharatna PSU Under Ministry Of Power
17 Oct 2026 · Exchange Update
Refex Industries: Starts Ready-Mix Concrete Operations
25 Sep 2026 · Exchange Update

Frequently asked questions

Refex Industries is an active public limited company based in Chennai, Tamil Nadu, India. The company works in industrial and specialty gases, within the chemicals and materials industry. It was incorporated on 13 September 2002 (24+ years old) and is registered under CIN L45200TN2002PLC049601. Listed on BSE: 532884 and NSE: REFEX.

Refex Industries reported revenue of ₹2,276.74 Cr for FY 2025-26 (up 0.8% YoY) based on consolidated financials.

Refex Industries has 7 current directors:

The latest financial statements of Refex Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 31 July 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Refex Industries is 33AACCR2495P1ZW, registered in Tamil Nadu. The company has 10 GST registrations in all, of which 8 are active and 2 are cancelled or inactive. Other active GSTINs include 08AACCR2495P1ZP (Rajasthan), 27AACCR2495P2ZO (Maharashtra), 29AACCR2495P1ZL (Karnataka).

The CIN (Corporate Identification Number) of Refex Industries is L45200TN2002PLC049601. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Refex Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 532884) and NSE (symbol: REFEX).

Refex Industries has 96 court cases on record: 67 filed by the company and 29 filed against it. 12 are pending. Most are in the high courts.

Refex Industries was incorporated on 13 September 2002, making it 24+ years old. It is registered with the Registrar of Companies, Chennai.

Refex Industries has 203 deals on record (192 market trades, 8 funding rounds, 1 ipo), with disclosed funding of ₹538.23 Cr; the latest was in May 2026.

Vineet Kothari was appointed as Director on 19 Jun 2025. Ankit Poddar was appointed as Company Secretary on 19 Jun 2024. Uthayakumar Lalitha ceased to be CFO on 24 May 2024. Refex Industries has 40 board changes on record in total.