Refex Industries Intrinsic Value

REFEX • Energy
Current Stock Price
₹214.91
Primary Intrinsic Value
₹115.60
Market Cap
₹558.8 Cr
+50.3% Upside
Median Value
₹323.08
Value Range
₹74 - ₹430
Assessment
Trading Below Calculated Value
Safety Margin
33.5%

REFEX Valuation Methods Summary

Method Type Intrinsic Value Range Upside/Downside Details
P/E Based Valuation earnings ₹115.60 ₹92.48 - ₹138.72 -46.2% EPS: ₹11.56, Sector P/E: 10x
Book Value Method asset ₹372.92 ₹335.63 - ₹410.21 +73.5% Book Value/Share: ₹466.15, P/B: 0.8x
Revenue Multiple Method revenue ₹323.08 ₹290.77 - ₹355.39 +50.3% Revenue/Share: ₹646.15, P/S: 0.5x
EBITDA Multiple Method earnings ₹412.31 ₹371.08 - ₹453.54 +91.9% EBITDA: ₹268.00Cr, EV/EBITDA: 4x
Simple DCF (5Y) dcf ₹85.96 ₹68.77 - ₹103.15 -60.0% CF Growth: 5.0%, Discount: 15%
PEG Ratio Method growth ₹73.98 ₹66.58 - ₹81.38 -65.6% EPS Growth: 8.0%, Fair P/E: 6.4x
Growth Adjusted P/E growth ₹92.48 ₹83.23 - ₹101.73 -57.0% Revenue Growth: 6.0%, Adj P/E: 8.0x
ROE Based Valuation profitability ₹429.82 ₹386.84 - ₹472.80 +100.0% ROE: 11.9%, P/E Multiple: 12x
Graham Defensive Method conservative ₹348.20 ₹313.38 - ₹383.02 +62.0% EPS: ₹11.56, BVPS: ₹466.15
Method Types: Earnings Asset DCF Growth Dividend Conservative

Want to compare with current market value? Check REFEX share price latest .

Valuation Comparison Chart

REFEX Intrinsic Value Analysis

What is the intrinsic value of REFEX?

Based on our comprehensive analysis using 9 different valuation methods, the estimated intrinsic value of Refex Industries (REFEX) is ₹323.08 (median value). With the current market price of ₹214.91, this represents a +50.3% variance from our estimated fair value.

The valuation range spans from ₹73.98 to ₹429.82, indicating ₹73.98 - ₹429.82.

Is REFEX undervalued or overvalued?

Based on our multi-method analysis, Refex Industries (REFEX) appears to be trading below calculated value by approximately 50.3%.

Financial Health Analysis

Financial Metric Current Value Industry Benchmark Assessment Impact on Valuation
Current Ratio 7.23 Industry Standard: 2.0+ Above 2.0 Measures short-term liquidity capacity
Return on Equity 11.9% Industry Standard: 15%+ Above 10% Measures shareholder return efficiency
Operating Margin 15.0% Industry Standard: 20%+ Above 10% Indicates operational efficiency level
Asset Turnover Ratio 0.93x Industry Standard: 1.0x+ Above 0.5x Measures asset utilization efficiency

Cash Flow Quality Analysis

Period Operating Cash Flow Free Cash Flow Cash Flow Quality Sustainability Score
March 2025 ₹-265 Cr ₹-310 Cr Negative Cash Flow 3/10
March 2024 ₹3 Cr ₹-18 Cr Positive Operating Cash Flow 6/10
March 2023 ₹28 Cr ₹-11 Cr Positive Operating Cash Flow 6/10
March 2021 ₹123 Cr ₹62 Cr Positive Free Cash Flow 8/10
March 2020 ₹12 Cr ₹12 Cr Positive Free Cash Flow 8/10