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Refex Industries Share Price Target 2025, 2026 to 2030

Refex Industries Share Price Target 2025, 2026 to 2030

Price Target February 24, 2025 0
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Refex Industries Ltd, founded in 2002, is a dynamic and diversified company making significant strides in the Indian market. The company initially carved its niche in the eco-friendly refrigerant gas segment, focusing on non-ozone depleting gases like Hydrofluorocarbons (HFCs), which serve as sustainable replacements for harmful Chlorofluorocarbons (CFCs) and Hydrochlorofluorocarbons (HCFCs). By breaking the monopoly in this controlled market, Refex Industries has showcased its innovative and competitive edge. Over the years, it has expanded its portfolio to include a range of verticals such as renewable energy (solar IPP), chemicals, medical technologies, pharmaceuticals, green mobility, and critical operations like coal trading, coal yard management, and ash handling for thermal power plants. With a strong emphasis on sustainability, the company has built a reputation for delivering environmentally responsible solutions across its business lines. Under the visionary leadership of Mr. Anil Jain, Refex Industries upholds values of integrity, diversity, and customer-centricity, ensuring superior value for stakeholders while maintaining a growth-driven mindset.

Shareholdings Patterns of Refex Industries

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Promoters +53.27%55.28%55.28%57.12%53.49%
FIIs +0.20%0.22%0.20%1.53%1.76%
DIIs +0.00%0.00%0.00%0.00%0.00%
Public +46.53%44.50%44.51%41.35%44.75%
No. of Shareholders42,58948,72957,63981,30281,857

The shareholding pattern of Refex Industries has undergone notable changes over the period from December 2023 to December 2024, reflecting shifts in ownership dynamics. Promoters consistently held a majority stake, starting at 53.27% in December 2023, peaking at 57.12% in September 2024, and closing at 53.49% by December 2024. Foreign Institutional Investors (FIIs) have gradually increased their presence, growing from 0.20% in December 2023 to 1.76% in December 2024, highlighting rising foreign interest in the company. On the other hand, Domestic Institutional Investors (DIIs) remained absent, holding 0.00% throughout the period.

Public shareholding showed a downward trend initially, reducing from 46.53% in December 2023 to 41.35% by September 2024, before slightly recovering to 44.75% in December 2024. The total number of shareholders demonstrated significant growth, from 42,589 in December 2023 to an impressive 81,857 by the end of 2024, indicating increasing retail participation in Refex Industries.

How to Purchase Refex Industries Shares in India?

Below are the trading platforms that you can use to purchase Refex Industries shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

Refex Industries Share Price Prediction: 2025 – 2030

Refex Industries Share Price Prediction 2025

WhenMaximum PriceMinimum Price
March 2025516.77397.51
April 2025511.65393.58
May 2025496.75382.12
June 2025519.10399.31
July 2025508.93391.48
August 2025524.67403.59
September 2025530.96408.43
October 2025544.77419.05
November 2025558.39429.53
December 2025583.51448.86

As we move into 2025, the share price of Refex Industries is projected to exhibit notable fluctuations. In March, the share price is anticipated to reach a maximum of ₹516.77, while the minimum is expected to be ₹397.51. As we move towards December, the share price is forecasted to rise further, with a maximum of ₹583.51 and a minimum of ₹448.86. These projections indicate a steady upward trend throughout the year for Refex Industries’ shares.

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Refex Industries Share Price Target 2026

WhenMaximum PriceMinimum Price
January 2026601.02462.32
February 2026585.99450.76
March 2026597.71459.78
April 2026609.91469.16
May 2026603.87464.52
June 2026618.97476.13
July 2026606.83466.79
August 2026625.60481.23
September 2026638.11490.86
October 2026654.70503.62
November 2026671.07516.21
December 2026687.85529.11

As we step into 2026, the share price of Refex Industries is expected to show consistent growth. In January, the share price is projected to achieve a maximum of ₹601.02 and a minimum of ₹462.32. As we step towards December, the share price is anticipated to reach a higher maximum of ₹687.85 and a minimum of ₹529.11.

Refex Industries Share Price Prediction 2027

WhenMaximum PriceMinimum Price
January 2027694.73534.40
February 2027712.54548.11
March 2027740.33569.48
April 2027725.81558.32
May 2027704.67542.06
June 2027736.38566.45
July 2027721.94555.34
August 2027744.27572.52
September 2027770.32592.55
October 2027790.35607.96
November 2027810.11623.16
December 2027830.36638.74

Refex Industries Share Price Target 2028

WhenMaximum PriceMinimum Price
January 2028846.97651.51
February 2028868.69668.22
March 2028902.56694.28
April 2028884.87680.67
May 2028859.09660.84
June 2028897.75690.58
July 2028880.15677.04
August 2028907.37697.98
September 2028939.13722.41
October 2028963.55741.19
November 2028987.63759.72
December 20281,012.33778.71

Refex Industries Share Price Prediction 2029

WhenMaximum PriceMinimum Price
January 20291,032.57794.29
February 20291,059.05814.65
March 20291,100.35846.42
April 20291,078.78829.83
May 20291,047.36805.66
June 20291,094.49841.91
July 20291,073.03825.40
August 20291,106.21850.93
September 20291,144.93880.72
October 20291,174.70903.61
November 20291,204.07926.20
December 20291,234.17949.36

Refex Industries Share Price Prediction 2030

WhenMaximum PriceMinimum Price
January 20301,258.85968.35
February 20301,291.13993.18
March 20301,341.481,031.91
April 20301,315.181,011.68
May 20301,276.87982.21
June 20301,334.331,026.41
July 20301,308.171,006.28
August 20301,348.631,037.41
September 20301,395.831,073.71
October 20301,432.121,101.63
November 20301,467.921,129.17
December 20301,504.621,157.40

As we progress through 2030, the share price of Refex Industries is expected to demonstrate a strong upward trend. In January, the share price is projected to reach a maximum of ₹1,258.85 and a minimum of ₹968.35. By December, the share price is anticipated to further rise, achieving a maximum of ₹1,504.62 and a minimum of ₹1,157.40.

Financial Condition of Refex Industries

Mar 2020Mar 2021Mar 2023Mar 2024TTM
Sales +6616331,6291,3832,182
Expenses +6095651,4541,2371,995
Operating Profit5168175146187
OPM %8%11%11%11%9%
Other Income +-1481842
Interest19192927
Depreciation1571425
Profit before tax4858156121177
Tax %31%29%26%23%
Net Profit +334111693144
EPS in Rs3.163.910.58.1112.01
Dividend Payout %0%8%4%6%

Refex Industries has exhibited significant financial growth over the years, reflecting its expansion and operational efficiency. From 2020 to the trailing twelve months (TTM), the company’s sales have grown remarkably, rising from ₹661 crore in 2020 to ₹2,182 crore in TTM. Correspondingly, operating profits increased from ₹51 crore in 2020 to ₹187 crore in TTM, though the Operating Profit Margin (OPM) showed minor variations, ranging between 8% and 11%.

The company’s expenses have increased in line with its growth, from ₹609 crore in 2020 to ₹1,995 crore in TTM. Despite the rising costs, Refex Industries has managed to achieve consistent profitability, with net profit growing from ₹33 crore in 2020 to ₹144 crore in TTM. A key factor in this growth has been a reduction in the tax rate, from 31% in 2020 to 23% by 2024, further boosting profitability.

Earnings Per Share (EPS) have shown impressive improvement, rising from ₹3.16 in 2020 to ₹12.01 in TTM, signifying increased value for shareholders. While the dividend payout ratio has remained conservative, peaking at 8% in 2021, the company’s focus on reinvestment has supported its expansion strategy.

FAQs

What is the current market capitalization of Refex Industries?

Refex Industries currently boasts a market capitalization of ₹5,445 crore.

What is the current share price of Refex Industries?

As of 24th February, the share price stands at ₹422.

What is the projected maximum share price target for 2025?

The maximum share price target for 2025 is projected at ₹583.51.

What is the projected maximum share price target for 2030?

The share price is anticipated to reach a maximum of ₹1,504.62 by 2030.

What is the current P/E ratio of Refex Industries?

The current P/E ratio is 37.9.

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Conclusion

In conclusion, Refex Industries Ltd has demonstrated remarkable growth and diversification since its inception in 2002. Its leadership in the eco-friendly refrigerant gas segment and expansion into renewable energy, pharmaceuticals, and green mobility underscore its commitment to sustainability and innovation. The company’s financial performance reflects a consistent upward trajectory, with sales rising significantly from ₹661 crore in 2020 to ₹2,182 crore in TTM and net profits reaching ₹144 crore.

The shareholding pattern showcases a steady promoter presence and growing foreign institutional interest, while public participation remains robust. With share price predictions indicating a consistent upward trend, Refex Industries is well-positioned to create value for stakeholders in the coming years, reflecting its growth-driven and sustainable approach to business.

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Author: Ashnoor

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