Refex Renewables & Infrastructure Ltd
Refex Renewables & Infrastructure Ltd (REFEXRENEW) last reported results for the quarter ended Jun 2026, with sales of ₹22.2 crore and net profit of ₹-3.14 crore. The stock last traded at ₹369, a market capitalisation of ₹166 crore. Over the past 52 weeks the stock has ranged between ₹209 and ₹705. Figures are as of 3 Nov 2026 and are not real time.
Refex Renewables & Infrastructure Ltd share price and key metrics
- Current price
- ₹369
- Market cap
- ₹166 cr
- Book value
- ₹-178
- ROE
- %
- ROCE
- 3.27%
- Dividend yield
- 0.00%
- 52w high / low
- 705/209
Metrics as of 3 Nov 2026. Not real time.
Track Refex Renewables & Infrastructure Ltd
Cruxal reads every Refex Renewables & Infrastructure Ltd filing as it lands, scores what it means for the stock, and emails you the ones that matter. Free to start.
Refex Renewables & Infrastructure Ltd growth and returns
- 10 Years
- %
- 5 Years
- -2%
- 3 Years
- -5%
- TTM
- 8%
- 10 Years
- %
- 5 Years
- -14%
- 3 Years
- -42%
- TTM
- -8%
- 10 Years
- %
- 5 Years
- 43%
- 3 Years
- -1%
- 1 Year
- -45%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- Last Year
- %
Refex Renewables & Infrastructure Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹22.2 cr, up 32.6% from ₹16.74 cr a year earlier. Net profit was ₹-3.14 cr, up 58.2% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 14 | 15.9 | 20.07 | 16.74 | 14.28 | 16.1 | 19.35 | 22.2 |
| Expenses | 9.05 | 8.33 | 9.76 | 8.05 | 11.07 | 9.92 | 10.73 | 10.43 |
| Operating profit | 4.95 | 7.57 | 10.31 | 8.69 | 3.21 | 6.18 | 8.62 | 11.77 |
| OPM % | 35.36% | 47.61% | 51.37% | 51.91% | 22.48% | 38.39% | 44.55% | 53.02% |
| Other income | 0.38 | 1.27 | 4.91 | 1.89 | 0.86 | 2.41 | 0.99 | 3.49 |
| Interest | 10.39 | 10.85 | 11.64 | 11.36 | 11.54 | 12.83 | 12.32 | 11.59 |
| Depreciation | 4.52 | 4.51 | 4.59 | 4.65 | 4.94 | 4.98 | 4.99 | 4.95 |
| Profit before tax | -9.58 | -6.52 | -1.01 | -5.43 | -12.41 | -9.22 | -7.7 | -1.28 |
| Tax % | 32.46% | 55.98% | 397.03% | 38.31% | 15.39% | 19.63% | 31.04% | 145.31% |
| Net profit | -12.69 | -10.17 | -5.02 | -7.51 | -14.32 | -11.03 | -10.09 | -3.14 |
| EPS (₹) | -28.31 | -22.38 | -10.50 | -16.83 | -32.67 | -23.59 | -22.14 | -6.89 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Refex Renewables & Infrastructure Ltd annual results
| ₹ crore | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 71 | 63 | 72 | 53 | 76 | 75 | 67 | 65 | 72 |
| Operating profit | -0 | 9 | -11 | -25 | -7 | 9 | 33 | 32 | 27 | 30 |
| OPM % | — | 13% | -18% | -35% | -13% | 11% | 44% | 48% | 41% | 41% |
| Net profit | -0 | 8 | -22 | -27 | -37 | -30 | -34 | -36 | -43 | -39 |
| EPS (₹) | -0.16 | 17.19 | -47.60 | -61.60 | -72.36 | -52.07 | -55.03 | -80.77 | -93.44 | -85.29 |
TTM is the trailing twelve months to the most recent quarter.
Refex Renewables & Infrastructure Ltd balance sheet
| ₹ crore | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | 0 | 8 | 117 | 182 | 57 | 33 | 9 | -50 | -85 |
| Borrowings | 0 | 24 | 109 | 152 | 334 | 474 | 419 | 473 | 487 |
| Other liabilities | 0 | 38 | 78 | 51 | 157 | 90 | 76 | 88 | 110 |
| Total liabilities | 5 | 74 | 308 | 389 | 551 | 602 | 509 | 516 | 517 |
| Fixed assets | 0 | 13 | 169 | 171 | 173 | 172 | 458 | 453 | 443 |
| CWIP | 0 | 0 | 19 | 33 | 231 | 288 | 0 | 0 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11 |
| Other assets | 5 | 61 | 120 | 185 | 147 | 142 | 51 | 63 | 60 |
| Total assets | 5 | 74 | 308 | 389 | 551 | 602 | 509 | 516 | 517 |
As reported by the company. Total assets equal total liabilities by construction.
Refex Renewables & Infrastructure Ltd cash flow
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -1 | -14 | -46 | 84 | -55 | 120 | 27 | 16 |
| Cash from investing | 2 | 5 | -62 | -159 | -74 | -14 | -40 | 2 |
| Cash from financing | 3 | 4 | 119 | 74 | 125 | -107 | 18 | -24 |
| Net cash flow | 5 | -4 | 10 | -1 | -3 | -1 | 5 | -6 |
| Free cash flow | -1 | -33 | -86 | -149 | -127 | 105 | 14 | 10 |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Refex Renewables & Infrastructure Ltd operating ratios
| Per year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | 60% | -11% | -10% | -4% | 3% | 5% | 5% | 3% |
| Debtor days | 70 | 297 | 334 | 431 | 305 | 33 | 32 | 22 |
| Inventory days | — | 74 | 88 | 114 | 193 | 42 | — | 155 |
| Days payable | — | 291 | 316 | 3,802 | 438 | 664 | — | 699 |
| Cash conversion cycle | 70 | 80 | 106 | -3,256 | 60 | -589 | 32 | -522 |
| Working capital days | -39 | 133 | 255 | -439 | -50 | -249 | -261 | -373 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Refex Renewables & Infrastructure Ltd shareholding pattern
Promoters held 74.87% at Sep 2026, broadly unchanged since Sep 2025.
| % held | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 74.97% | 74.89% | 74.89% | 74.89% | 74.87% | 74.87% | 74.87% | 74.87% |
| Public | 25.03% | 25.11% | 25.11% | 25.11% | 25.14% | 25.14% | 25.13% | 25.13% |
| No. of shareholders | 2,809 | 2,798 | 2,717 | 2,690 | 2,926 | 2,824 | 2,702 | 2,577 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Cruxal coverage of Refex Renewables & Infrastructure Ltd
Refex Renewables & Infrastructure Ltd corporate filings
- Refex Renewables & Infrastructure Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve unaudited ....Board Meetingmedium impact
- Refex Renewables disinvests 100% stake in subsidiary Refex Sustainable Fuel, transferring it to Refex Green Power, making it a step-down wholly-owned subsidiary.Company Updatelow impact
Cruxal's analysis: The company announced the transfer of 100% equity stake in Refex Sustainable Fuel Limited…
Read the full analysis - Refex Renewables & Infrastructure Ltd allots 3,938 equity shares to employees under ESOP scheme on 17 October 2026Company Updatelow impact
Cruxal's analysis: The company has issued 3,938 shares of ?10 each to employees in lieu of stock options…
Read the full analysis - Refex Renewables approves issuance of ~INR 16.2 crore equity shares to non-promoter foreign investor at a premium, with a total authorized share capital increase to INR 50 croreBoard Meetinghigh impact
Cruxal's analysis: Refex Renewables & Infrastructure Limited has announced a series of significant corporate…
Read the full analysis - Refex Renewables & Infrastructure Limited schedules Board meeting on October 17, 2026, to consider fund-raising via preferential issue of equity sharesBoard Meetingmedium impact
Cruxal's analysis: Refex Renewables & Infrastructure Limited has announced a Board meeting scheduled for…
Read the full analysis - Litigation/dispute impacting Refex CBG Kolhapur subsidiary, no immediate financial impact reportedCompany Updatelow impact
Cruxal's analysis: Refex Renewables & Infrastructure Ltd announced a legal dispute involving its step-down…
Read the full analysis - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the 2nd quarter ended September 30, 2026, of FY2026-27Company Updatelow impact
- Trading window shall remain closed w.e.f. October 01, 2026 until 48 hours after declaration of unaudited financial results for Q2FY27 for all Designated Persons and InsidersInsider Trading / SASTlow impact
- Refex Renewables & Infrastructure Limited acquires three wind power SPVs to strengthen renewable energy portfolioCompany Updatemedium impact
Cruxal's analysis: Refex Renewables & Infrastructure Limited, through its wholly-owned subsidiary Refex…
Read the full analysis - Refex Renewables & Infrastructure Limited Reports FY26 Financial Results and Concludes 32nd AGMAGM/EGMmedium impact
Cruxal's analysis: Refex Renewables & Infrastructure Limited reported a standalone turnover of 9.9 crore and…
Read the full analysis - Refex Renewables subsidiary wins 80-MW wind power project tender from SJVN LimitedCompany Updatehigh impact
Cruxal's analysis: Refex Renewables & Infrastructure Limited has announced that its wholly-owned subsidiary…
Read the full analysis - Refex Renewables & Infrastructure Limited withdraws proposal for Managing Director's remuneration revision ahead of 32nd AGMAGM/EGMlow impact
Cruxal's analysis: Refex Renewables & Infrastructure Limited has issued a corrigendum to its 32nd Annual…
Read the full analysis - Refex Renewables & Infrastructure Limited Announces 32nd AGM and Proposes Remuneration Revision for Managing DirectorAGM/EGMhigh impact
Cruxal's analysis: Refex Renewables & Infrastructure Limited has scheduled its 32nd Annual General Meeting…
Read the full analysis - Refex Renewables & Infrastructure Limited Announces 32nd AGM and Releases FY 2025-26 Annual ReportOthersmedium impact
Cruxal's analysis: Refex Renewables & Infrastructure Limited has scheduled its 32nd Annual General Meeting…
Read the full analysis - Refex Renewables & Infrastructure Limited Board Approves Promoter Reclassification for Avyan Pashupathy Capital AdvisorsCompany Updatelow impact
Cruxal's analysis: Refex Renewables & Infrastructure Limited has formally approved the reclassification of…
Read the full analysis - Refex Renewables & Infrastructure Ltd seeks BSE approval for re-classification of promoter Avyan Pashupathy Capital Advisors to publicCompany Updatelow impact
Cruxal's analysis: Refex Renewables & Infrastructure Ltd submitted an application to the BSE on August 20…
Read the full analysis - Refex Renewables & Infrastructure Ltd board approves promoter re-classification to public categoryCompany Updatelow impact
Cruxal's analysis: The Board of Directors of Refex Renewables & Infrastructure Ltd approved the request of…
Read the full analysis - Refex Renewables & Infrastructure Limited Board Approves Promoter Re-classification of Avyan Pashupathy Capital AdvisorsOtherslow impact
Cruxal's analysis: Refex Renewables & Infrastructure Limited has formally approved the re-classification of…
Read the full analysis - Refex Renewables & Infrastructure Ltd withdraws CIRP application against subsidiary Sherisha Solar LLPCompany Updatemedium impact
Cruxal's analysis: Refex Renewables & Infrastructure Ltd has officially withdrawn the Corporate Insolvency…
Read the full analysis - Refex Renewables & Infrastructure Limited: Promoter Group Executes Inter-se Transfer of 30.94% StakeInsider Trading / SASTlow impact
Cruxal's analysis: Refex Renewables & Infrastructure Limited has reported an inter-se transfer of 13 lakh 91…
Read the full analysis
This page shows filings on a 24-hour delay. Subscribe to see them the moment they land, with Cruxal's analysis of what each one means. A free account sees them an hour after they land and tracks this company.
Cruxal publishes market data and coverage for information only. Nothing here is investment advice.