Refex Industries Intrinsic Value

REFEX • Energy
Current Stock Price
₹249.35
Primary Intrinsic Value
₹112.00
Market Cap
₹648.3 Cr
+33.3% Upside
Median Value
₹332.31
Value Range
₹75 - ₹499
Assessment
Trading Below Calculated Value
Safety Margin
25.0%

REFEX Valuation Methods Summary

Method Type Intrinsic Value Range Upside/Downside Details
P/E Based Valuation earnings ₹112.00 ₹89.60 - ₹134.40 -55.1% EPS: ₹11.20, Sector P/E: 10x
Book Value Method asset ₹372.92 ₹335.63 - ₹410.21 +49.6% Book Value/Share: ₹466.15, P/B: 0.8x
Revenue Multiple Method revenue ₹332.31 ₹299.08 - ₹365.54 +33.3% Revenue/Share: ₹664.62, P/S: 0.5x
EBITDA Multiple Method earnings ₹412.31 ₹371.08 - ₹453.54 +65.4% EBITDA: ₹268.00Cr, EV/EBITDA: 4x
Simple DCF (5Y) dcf ₹99.74 ₹79.79 - ₹119.69 -60.0% CF Growth: 5.0%, Discount: 15%
PEG Ratio Method growth ₹74.80 ₹67.32 - ₹82.28 -70.0% EPS Growth: 8.0%, Fair P/E: 6.4x
Growth Adjusted P/E growth ₹89.60 ₹80.64 - ₹98.56 -64.1% Revenue Growth: 6.0%, Adj P/E: 8.0x
ROE Based Valuation profitability ₹498.70 ₹448.83 - ₹548.57 +100.0% ROE: 11.9%, P/E Multiple: 12x
Graham Defensive Method conservative ₹342.74 ₹308.47 - ₹377.01 +37.5% EPS: ₹11.20, 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 ₹332.31 (median value). With the current market price of ₹249.35, this represents a +33.3% variance from our estimated fair value.

The valuation range spans from ₹74.80 to ₹498.70, indicating ₹74.80 - ₹498.70.

Is REFEX undervalued or overvalued?

Based on our multi-method analysis, Refex Industries (REFEX) appears to be trading below calculated value by approximately 33.3%.

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
Debt to Equity Ratio 1.48 Industry Standard: <0.5 Above 1.0 Indicates financial leverage level
Return on Equity 11.9% Industry Standard: 15%+ Above 10% Measures shareholder return efficiency
Operating Margin 14.0% Industry Standard: 20%+ Above 10% Indicates operational efficiency level
Asset Turnover Ratio 0.96x 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