Synopsis:
Refex Industries Ltd surged 8% after securing a ₹300 Crore Jharkhand mining contract for OB elimination, coal excavation, and transportation, spanning 8 months with a doable 4-year extension.
The shares of Small-Cap Firm, specializing in eco-friendly refrigerant gases, coal and ash administration, renewable power initiatives, and clear mobility options, jumped upto 8 p.c after receiving a Rs. 300 crore order from a big mining entity in Jharkhand.
With a market capitalization of Rs. 4,705.17 Crores on Friday, the shares of Refex Industries Ltd jumped upto 7.5 p.c, reaching a excessive of Rs. 377.30 in comparison with its earlier closing value of Rs. 350.75.
What Occurred
Refex Industries Ltd, engaged in eco-friendly refrigerant gases, coal and ash administration, renewable power initiatives, and clear mobility options, has obtained a piece order from a big mining entity in Jharkhand.
The order is for the elimination of overburden (OB), excavation, and transportation of coal. The contract is home in nature, with a scope that features excavation and transportation actions. The order is valued at roughly Rs. 300 Crore and is scheduled to be executed over a interval of 8 months, with a doable extension of as much as 4 years.
Financials & Others
The corporate’s income declined by 35.15 p.c from Rs. 591 crore to Rs. 383 crore in Q1FY25-26. In the meantime, Internet revenue declined from Rs. 29 crores to Rs. 20 crores throughout the identical interval.
The corporate reveals a robust return on capital employed (ROCE) of 20.9% and a return on fairness (ROE) of 18.9%, indicating good profitability. Its debt-to-equity ratio is low at 0.24, reflecting a conservative strategy to borrowing. The inventory’s price-to-earnings (P/E) ratio is 33.0, which is way decrease than the trade common of 68.6, suggesting the inventory could also be undervalued in comparison with its friends.
In Q1 FY26, the corporate’s income was led by Ash & Coal Dealing with at Rs. 347.08 crore, adopted by Inexperienced Mobility with Rs. 17.24 crore, Refrigerant Fuel at Rs. 14.15 crore, Photo voltaic Energy at Rs. 2.73 crore, Others at Rs. 1.30 crore, Wind at Rs. 0.76 crore, and Energy Buying and selling at Rs. 0.61 crore.
Refex Industries Restricted focuses on buying and selling eco-friendly refrigerant gases and offering complete options for accountable coal procurement and ash disposal.
The corporate has expanded into electrical mobility by means of its subsidiary, Refex Inexperienced Mobility Restricted, providing EV providers for passenger and company transportation. Moreover, its subsidiary Venwind Refex Energy Restricted focuses on wind power manufacturing. Dedicated to innovation and environmental accountability, Refex is driving India’s transition towards a greener, extra sustainable future.
Refex Industries handles 70,000 MT of ash and coal each day and has a refrigerant gases manufacturing capability of three,000 MTPA. Its zero-tailpipe emission fleet in Refrigerant Gases Mobility Restricted (RGML) has abated over 31 lakh kilograms of CO2, highlighting its robust dedication to sustainability.
Written by Sridhar J
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