Refex Industries Complete Financial Statements
In FY2026, Refex Industries (REFEX) reported revenue ₹938 Cr, net profit ₹94 Cr and EPS ₹6.62, with a net profit margin of 10.0% and ROE of 6.2%. Full financial statements from FY2015 to FY2026 (11 years) — income statement, balance sheet and cash flow in ₹ Crores. Download as Excel or CSV. For live price, earnings ratios and company overview, see REFEX stock price BSE.
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Profitability Ratios
Balance Sheet Ratios
REFEX Revenue, Net Profit & EBITDA — Year-on-Year Growth
REFEX YoY (Mar 2025 vs Mar 2026) — revenue +53.5%, net profit +95.8%, EBITDA +141.3%, expenses +43.7%. Analyse REFEX FII DII holdings to track promoter, FII and institutional holdings.
REFEX Income Statement — Revenue, EBITDA & Net Profit
Refex Industries revenue ₹938 Cr, EBITDA ₹152 Cr, net profit ₹94 Cr, EPS ₹6.62 (2026) — net profit margin 10.0%. Examine Refex Industries quarterly financials for recent quarterly revenue, profit and EPS trends.
| Particulars | Mar 2026 | Sept 2025 | Mar 2025 | Jun 2025 | Dec 2025 | Sept 2024 | Mar 2024 | Jun 2024 | Dec 2024 | Sept 2023 | Mar 2023 | Jun 2023 | Dec 2023 | Sept 2021 | Mar 2021 | Jun 2021 | Dec 2021 | Sept 2020 | Mar 2020 | Jun 2020 | Dec 2020 | Sept 2019 | Mar 2019 | Jun 2019 | Dec 2019 | Sept 2018 | Jun 2018 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 938 | 420 | 611 | 376 | 582 | 435 | 350 | 593 | 711 | 358 | 632 | 384 | 309 | 96 | 156 | 85 | 91 | 258 | 126 | 78 | 144 | 162 | 208 | 140 | 237 | 62 | 24 | 169 |
| Expenses | 786 | 353 | 547 | 338 | 495 | 387 | 301 | 543 | 641 | 318 | 557 | 346 | 272 | 82 | 131 | 72 | 78 | 236 | 125 | 70 | 128 | 148 | 192 | 129 | 213 | 58 | 23 | 160 |
| EBITDA | 152 | 67 | 63 | 39 | 87 | 48 | 49 | 51 | 69 | 39 | 76 | 38 | 38 | 14 | 26 | 13 | 13 | 23 | 1 | 8 | 16 | 14 | 15 | 11 | 24 | 4 | 1 | 10 |
| Operating Profit Margin % | 16.00% | 15.00% | 8.00% | 8.00% | 14.00% | 10.00% | 12.00% | 8.00% | 7.00% | 10.00% | 12.00% | 9.00% | 11.00% | 13.00% | 14.00% | 14.00% | 14.00% | 9.00% | -1.00% | 10.00% | 11.00% | 8.00% | 7.00% | 7.00% | 10.00% | 6.00% | 2.00% | 6.00% |
| Depreciation | 5 | 5 | 3 | 5 | 5 | 2 | 4 | 6 | 3 | 3 | 2 | 3 | 4 | 1 | 4 | 2 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 10 | 7 | 5 | 6 | 9 | 4 | 9 | 6 | 5 | 6 | 6 | 6 | 8 | 2 | 8 | 2 | 2 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 136 | 55 | 55 | 28 | 73 | 43 | 37 | 39 | 62 | 30 | 68 | 29 | 25 | 10 | 13 | 9 | 10 | 22 | -1 | 7 | 16 | 14 | 15 | 11 | 24 | 4 | 1 | 10 |
| Tax | 42 | 19 | 7 | 7 | 20 | 11 | 3 | 10 | 12 | 9 | 17 | 8 | 8 | 3 | 5 | 2 | 3 | 6 | 4 | 2 | 4 | 3 | -3 | 2 | 7 | 0 | 0 | 0 |
| Net Profit | 94 | 36 | 48 | 20 | 53 | 31 | 33 | 29 | 50 | 21 | 51 | 21 | 17 | 8 | 8 | 7 | 7 | 16 | -5 | 5 | 12 | 11 | 18 | 9 | 17 | 4 | 1 | 10 |
| Earnings Per Share (₹) | 6.62 | 2.89 | 3.71 | 1.58 | 3.94 | 2.63 | 3.02 | 2.54 | 3.99 | 1.94 | 22.92 | 1.92 | 7.64 | 3.57 | 3.62 | 3.36 | 3.26 | 7.62 | -3.02 | 3.42 | 5.74 | 7.08 | 11.36 | 5.62 | 11.15 | 2.44 | 0.45 | 6.19 |
REFEX Balance Sheet — Assets, Liabilities & Shareholders' Equity
REFEX total assets ₹2,843 Cr, total equity ₹1,509 Cr, total liabilities ₹ Cr (2026) — ROE 6.2%.
| Particulars | 2026 | 2025 | 2024 | 2023 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Total Assets | 2,843 | 1,799 | 798 | 752 | 341 | 138 | 159 | 98 | 60 | 118 | 70 |
| Current Assets | 2,540 | 1,382 | 502 | 526 | 171 | 107 | 131 | 79 | 41 | 100 | 53 |
| Fixed Assets | 212 | 345 | 204 | 147 | 87 | 22 | 15 | 14 | 15 | 15 | 16 |
| Capital Work in Progress | 18 | 17 | 9 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 31 | 74 | 74 | 74 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 2,613 | 1,406 | 512 | 529 | 181 | 116 | 143 | 83 | 45 | 103 | 54 |
| LIABILITIES | |||||||||||
| Total Liabilities | |||||||||||
| Current Liabilities | 89 | 191 | 139 | 106 | 73 | 12 | 0 | 41 | 37 | 0 | 5 |
| Non-Current Liabilities | |||||||||||
| SHAREHOLDERS' EQUITY | |||||||||||
| Total Equity | 1,509 | 1,212 | 465 | 314 | 140 | 76 | 43 | 11 | 10 | 10 | 4 |
| Share Capital | 27 | 26 | 23 | 22 | 21 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves & Surplus | 1,336 | 1,033 | 443 | 292 | 119 | 60 | 27 | -4 | -5 | -6 | -11 |
REFEX Cash Flow Statement — Operating, Investing & Financing
Refex Industries operating cash flow ₹107 Cr, investing ₹-268 Cr, financing ₹65 Cr, net cash flow ₹-95 Cr (2026).
| Particulars | March 2026 | March 2025 | March 2024 | March 2023 | March 2021 | March 2020 | March 2019 | March 2018 | March 2017 | March 2016 | March 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | 107 | -249 | 3 | 28 | 123 | 12 | 44 | -4 | 4 | -25 | -3 |
| Investing Activities | -268 | -105 | -42 | -78 | -122 | 5 | 0 | -1 | 0 | -2 | 4 |
| Financing Activities | 65 | 602 | 62 | 60 | -5 | 1 | -41 | 4 | -3 | 26 | -2 |
| Net Cash Flow | -95 | 248 | 23 | 10 | -4 | 17 | 3 | -1 | 1 | 0 | -1 |