Refex Renewables & Infrastructure
- Market cap
- ₹ 163 Cr.
- P/E
- 0.4x
- ROCE
- 3%
- Dividend yield
- 0%
- Sector
- Construction
- Industry
- Civil Construction
- Listed on
- BSE
About
Refex Renewables & Infrastructure Limited is an India-based solar company. The Company’s offerings are focused on distributed energy in commercial and industrial, rural energy (like solar water pumps), home and street lighting systems, small and medium-sized enterprises (SMEs), residential segments, and emerging technologies (like waste heat to power). The Company's segments include Rural, Commercial and Industrial, and Compressed Bio Gas. The Rural segment comprises of supply, installation, commissioning and maintenance of solar water pumps and home systems. The Commercial and Industrial segment comprises of supply, installation, commissioning and maintenance of ground mount solar power plants and rooftop and sale of electricity. The Compressed Bio Gas segment comprises of production of compressed bio gas. The Company offers its clients 24/7-service support throughout the life of its solar panels. Its clients can monitor their rooftop plant with its Refex Renewables App.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Civil Construction: 182 companies →Refex Renewables & Infrastructure against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)0.4 against a typical 14.4: cheaper than most peers (1st = cheapest).3rd of 181
- Sales growth+32.6% against a typical +8.6% from a year earlier.47th of 147
- Size₹ 162.6 Cr. market value against a typical ₹ 148 Cr. (1st = largest).76th of 156
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 21 | 21 | 18 | 18 | 14 | 16 | 20 | 17 | 14 | 16 | 19 | 22 |
| Expenses | 11 | 12 | 11 | 9 | 9 | 8 | 10 | 8 | 11 | 10 | 11 | 10 |
| Operating Profit | 10 | 8 | 7 | 9 | 5 | 8 | 10 | 9 | 3 | 6 | 9 | 12 |
| OPM % | 48.4% | 39.4% | 37.6% | 49% | 35.4% | 47.6% | 51.4% | 51.9% | 22.5% | 38.4% | 44.6% | 53% |
| Other Income | 1 | 2 | 3 | 0 | 0 | 1 | 5 | 2 | 1 | 2 | 1 | 3 |
| Interest | 11 | 11 | 10 | 10 | 10 | 11 | 12 | 11 | 12 | 13 | 12 | 12 |
| Depreciation | 5 | 5 | 5 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Profit before tax | −5 | −5 | −5 | −6 | −10 | −7 | −1 | −5 | −12 | −9 | −8 | −1 |
| Tax % | 128.8% | 118.4% | 121.2% | 52.6% | 32.5% | 56% | 397% | 38.3% | 15.4% | 19.6% | 31% | 145.3% |
| Net Profit | −10 | −11 | −11 | −9 | −13 | −10 | −5 | −8 | −14 | −11 | −10 | −3 |
| EPS in Rs | −15.61 | −19.02 | −17.95 | −19.13 | −28.31 | −22.38 | −10.5 | −16.83 | −32.67 | −23.59 | −22.14 | −6.89 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- −1%
- 3 Years
- −4%
- TTM
- 8%
- 10 Years
- —
- 5 Years
- −14%
- 3 Years
- −42%
- TTM
- −8%
- 10 Years
- —
- 5 Years
- 43%
- 3 Years
- −6%
- TTM
- —
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
Peers
Listed companies in the same business.
| Refex Renewables & Infrastructure | — | ₹ 163 Cr. | 0.4x | — | — | — |
| DLF | ₹ 653.55 | ₹ 1,61,774 Cr. | 39x | 3.6x | 10% | 32% |
| Lodha Developers | ₹ 963.00 | ₹ 1,01,441 Cr. | 33.7x | 5.1x | 15.8% | 20.6% |
| Indus Towers | ₹ 380.00 | ₹ 1,00,250 Cr. | 14.9x | 2.7x | 19.8% | 22% |
| Oberoi Realty | ₹ 1,587.20 | ₹ 57,846 Cr. | 27.3x | 3.8x | — | 41.6% |
| Godrej Properties | ₹ 1,497.90 | ₹ 45,121 Cr. | 166x | 3.3x | 10.2% | 35.9% |
Management
- Thirunavukarasu Manikandan
- Chief Financial Officer
- Vinay Aggarwal
- Compliance Officer, Company Secretary
- Kalpesh Kumar
- Managing Director, Director
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