Flash Finance

Refex Industries LimitedREFEXCorporate

Waste Management Latest results: Jun 2026 15 quarters of data
Consolidated Standalone
₹256.55
MCap ₹3,521 Cr · P/E 12.3
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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹619 Cr
Sales · Jun 2026
+69.5% YoY
₹105 Cr
Operating Profit · Jun 2026
+163.0% YoY
17.0%
OPM % · Jun 2026
+56.0% YoY
₹73 Cr
Net Profit · Jun 2026
+121.4% YoY
₹5.35
EPS · Jun 2026
+109.0% YoY

📝 Refex Industries Limited — results explained

Quarter ended June 2026 (Q1 FY27)

Refex Industries Limited reported revenue of ₹619 crore for the quarter ended June 2026 (Q1 FY27), up 69.5% from ₹365 crore in the same quarter last year, and down 11.7% sequentially over the March 2026 quarter.

Net profit rose 121.4% year-on-year to ₹73 crore, from ₹33 crore. Earnings per share (EPS) came in at ₹5.35.

Operating profit stood at ₹105 crore — an operating margin (OPM) of 17.0%, compared with 10.9% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Refex Industries Limited posted revenue of ₹2,065 crore, a decline of 15.0% over FY25, with a net profit of ₹246 crore (up 29.9% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹2,319 crore with a net profit of ₹286 crore.

Valuation snapshot

At the current price of ₹256.55, REFEX has a market capitalisation of ₹3,521 crore and a trailing P/E of about 12.3.

Within the Waste Management industry, it is the largest of the 8 companies we track by market value.

Shareholding pattern

As of Jun 2026, promoters held 56.57%, foreign institutional investors (FIIs) 0.93%, domestic institutional investors (DIIs) 0.38%, public shareholders 42.13% of Refex Industries Limited.

Promoter holding rose from 55.85% to 56.57% over the latest period.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹3,521 Cr
Current Price ?
₹256.6
P/E ?
12.29below ind
Industry P/E ?
12.50
P/B ?
2.24
P/S ?
1.52
P/FCF ?
-10.83
Enterprise Value ?
₹3,738 Cr
EV/EBITDA ?
9.01
PEG ?
0.42
Earnings Yield ?
10.7%
Dividend Yield ?
0.20%
Profitability & Returns
Sales (TTM) ?
₹2,319 Cr
OPM ?
17.9%
Profit after tax (TTM) ?
₹286 Cr
EPS (TTM) ?
₹20.87
ROCE ?
23.0%
ROE ?
18.2%
ROA ?
11.8%
Growth
Sales — latest qtr ?
₹619 Cr
PAT — latest qtr ?
₹73 Cr
YoY qtr sales growth ?
69.5%
YoY qtr profit growth ?
121.4%
Sales growth (3y) ?
8%
Sales growth (5y) ?
26%
Profit growth (3y) ?
29%
Profit growth (5y) ?
43%
Financial Health
Debt ?
₹217 Cr
Debt to Equity ?
0.14
Interest Coverage ?
11.0
Current Ratio ?
N/A
Ownership
Promoter holding ?
56.57%
Change in promoter holding ?
3.24%
Pledged percentage ?
N/A
Market
Return 3 months ?
-16.4%
Return 6 months ?
4.8%

🗓️ Quarterly results (15 quarters · ₹ Cr)

same fiscal quarter as Jun bestweakest per row · for costs (interest, NPAs) low is best
Metric Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 YoY % QoQ %
Sales 380630381344302337590520708612365423576701619 +69.5% -11.7%
Operating Profit 40743734344452485363407495141105 +163.0% -25.5%
Other Income 122138282517118748 -29.4% +100.2%
Interest 46617744556681011 +90.5% +10.2%
Depreciation 222022223344444 +2.5% +0.8%
Profit Before Tax 3668303427434850717242718913198 +135.8% -25.2%
Net Profit 265122252036363759573352679473 +121.4% -21.9%
EPS 11.8722.921.9911.238.943.233.113.124.704.422.564.034.896.855.35 +109.0% -21.9%
OPM % 10.4% 11.7% 9.7% 9.9% 11.2% 12.9% 8.8% 9.2% 7.5% 10.3% 10.9% 17.4% 16.5% 20.1% 17.0% +56.0% -15.4%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹2,430 Cr ₹2,065 Cr ₹2,319 Cr -15.0%
Operating Profit ₹216 Cr ₹350 Cr ₹415 Cr +61.7%
OPM % 8.90% 16.93% 17.88% +90.2%
NPM % 7.80% 11.92% 12.35% +52.8%
Other Income ₹52 Cr ₹30 Cr ₹27 Cr -42.2%
Depreciation ₹10 Cr ₹16 Cr ₹16 Cr +50.7%
Interest ₹18 Cr ₹30 Cr ₹36 Cr +72.4%
EBIT ₹206 Cr ₹334 Cr ₹399 Cr +62.3%
PBT ₹241 Cr ₹333 Cr ₹389 Cr +38.2%
Tax ₹39 Cr ₹50 Cr ₹66 Cr +26.4%
Net Profit ₹189 Cr ₹246 Cr ₹286 Cr +29.9%
EPS ₹15.35 ₹18.33 ₹21.12 +19.4%
Material Cost ₹1,612 Cr ₹1,112 Cr ₹1,296 Cr -31.1%
Employee Cost ₹23 Cr ₹27 Cr ₹24 Cr +15.5%
Extraordinary Items ₹0 Cr — — —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 22232627 +3.8%
Reserves 2924501,2241,544 +26.1%
Borrowings 149161158217 +37.3%
Other Liabilities 288114272633 +132.7%
Total Liabilities 7527481,6812,422 +44.1%
Fixed Assets 147144199192 -3.5%
CWIP 3961 -83.3%
Investments 7481114106 -7.0%
Other Assets 5285141,3622,123 +55.9%
Total Assets 7527481,6812,422 +44.1%

💧 Cash Flow (latest 4 periods)

Metric Mar 2022Mar 2023Mar 2024Mar 2025 % Chg
Cash from Operating Activity -142810-262 -2720.0%
Cash from Investing Activity -5-78-30-74 -146.7%
Cash from Financing Activity 26043568 +1220.9%
Net Cash Flow -171023231 +904.3%
Free Cash Flow -20-43-2-325 -16150.0%
CFO/OP -23%25%22%-92% -518.2%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 5581101132 +30.7%
Inventory Days 3322 +0.0%
Days Payable 49213775 +102.7%
Cash Conversion Cycle 8636660 -9.1%
Working Capital Days 417499188 +89.9%
ROCE % 48%29%25%23% -8.0%

👥 Shareholding (latest 5 periods)

Metric Sep 2025Dec 2025Mar 2026May 2026Jun 2026 % Chg
Promoters 53.33%55.80%55.85%55.85%56.57% +1.3%
FIIs 1.71%2.03%1.37%1.65%0.93% -43.6%
DIIs 0.15%0.16%0.13%0.14%0.38% +171.4%
Public 44.81%42.01%42.66%42.37%42.13% -0.6%
No. of Shareholders 89,56897,01594,15993,02391,033 -2.1%

⚖️ Peer comparison

Industry: Waste Management · 8 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 REFEX Refex Industries ₹270.50 3,712 13.5 2,853 275 15.0% 9.6% -6.0% 39.6% 139.1% 262.8%
2 AWHCL Antony Waste ₹363.50 1,031 14.4 1,067 70 17.5% 6.6% 12.8% -8.3% 5.5% -96.7%
3 530643 Eco Recycling ₹709.00 795 58.7 55 24 59.4% 43.5% 9.6% -1.7% 75.2% 13.3%
4 URBAN Urban Enviro ₹369.25 320 21.5 182 15 26.4% 8.3% — — 37.7% 100.0%
5 RACE Race Eco ₹111.31 192 24.0 653 8 2.3% 1.2% 11.5% -2.9% 21.9% 149.1%
6 543997 Organic Recycling ₹281.00 148 9.7 104 25 28.8% 24.0% — — 138.7% 44.4%
7 544199 GEM Enviro ₹252.35 89 121.9 96 5 5.6% 4.9% — — 10.1% -18.0%
8 543595 EP Biocomposites ₹174.20 15 20.0 14 1 16.4% 10.7% — — 25.9% 65.1%
❓ Frequently asked questions
What was Refex Industries Limited's revenue in Q1 FY27?
Refex Industries Limited reported revenue of ₹619 crore for the quarter ended June 2026 (Q1 FY27), up 69.5% from ₹365 crore in the same quarter last year, and down 11.7% sequentially over the March 2026 quarter.
What was Refex Industries Limited's net profit in Q1 FY27?
Net profit rose 121.4% year-on-year to ₹73 crore, from ₹33 crore. Earnings per share (EPS) came in at ₹5.35.
What is REFEX's market capitalisation and P/E ratio?
At the current price of ₹256.55, REFEX has a market capitalisation of ₹3,521 crore and a trailing P/E of about 12.3.
Who owns Refex Industries Limited? (shareholding pattern)
As of Jun 2026, promoters held 56.57%, foreign institutional investors (FIIs) 0.93%, domestic institutional investors (DIIs) 0.38%, public shareholders 42.13% of Refex Industries Limited.
TTM ends 2026-06-30. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI