REFEX INDUSTRIES L chart

Last update: 2022-06-03
Key statistics and financials
Revenue per share 211.37
Dividend & Yield1.00₹ (0.88%)
Beta 1.69
Market capitalization 2.49B
Operating cash flow -169.5M
ESG Scores unknown

Company description

Refex Industries Limited engages in handling and disposal of fly ash from power plants in India. It operates through Coal & Ash Handling Business, Solar Power-Generation and Related Activities, Refrigerant Gases-Manufacturing (Refilling) and Sales, and Sale of Service segments. The company primarily refills hydrofluorocarbons, which are used in automobile and room air-conditioners, and refrigerating equipment. It also generates and distributes solar power; trades in coal and solar accessories; and provides coal crushing and coal yard management services. The company was formerly known as Refex Refrigerants Limited and changed its name to Refex Industries Limited in November 2013. Refex Industries Limited was incorporated in 2002 and is based in Chennai, India.

Sector: Energy - Industry: Thermal Coal

Financial Ratios
Quick Ratio1.52
Working Capital0.58
Return On Equity0.25
Debt To Equity0.01
Fixed Asset Ratio0
Fixed Interest Cover5.43

Financial data

Financial Statements

Cashflow Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Change To Liabilities 597.74M -599.77M 595.13M -231.3M
Total Cashflows From Investing Activities 542k 45.64M -1.22B -13.11M
Net Borrowings -407.66M 15.4M -16.09M 126.64M
Total Cash From Financing Activities -410.63M 6.34M -47.23M 20.06M
Change To Operating Activities 160.6M 139.87M 113.63M -399.65M
Issuance Of Stock 79.57M 79.57M 79.57M
Net Income 316.3M 331.26M 409.38M 453.9M
Change In Cash 31.77M 170.84M -37.1M -162.54M
Effect Of Exchange Rate
Total Cash From Operating Activities 441.86M 118.86M 1.23B -169.5M
Depreciation 9.62M 13.93M 52.91M 56.48M
Change To Account Receivables -509.83M -126.46M -221.39M -251.59M
Other Cashflows From Financing Activities -2.97M -9.06M -89.7M -96.07M
Change To Netincome -108.96M 315.99M 310.15M 222.45M
Capital Expenditures -18M -2.27M -59.98M -64.13M

Income Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Research Development
Income Before Tax 288.65M 480.2M 578.53M 609.79M
Net Income 316.3M 331.26M 409.38M 453.9M
Selling General Administrative 201.27M 154.68M 82.19M 131.57M
Gross Profit 577.75M 1.03B 1.05B 904.65M
Ebit 273.1M 499.5M 623.94M 521.84M
Operating Income 273.1M 499.5M 623.94M 521.84M
Interest Expense -2.48M -8.68M -89.28M -96.07M
Income Tax Expense -27.64M 148.94M 169.15M 155.9M
Total Revenue 4.61B 6.61B 6.33B 4.44B
Cost Of Revenue 4.03B 5.58B 5.28B 3.53B
Total Other Income ExpenseNet 15.56M -19.29M -45.41M 87.95M
Net Income From Continuing Ops 316.3M 331.26M 409.38M 453.9M
Net Income Applicable To Common Shares 316.3M 331.26M 409.38M 453.9M

Balance Sheet Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Total Liabilities 1.16B 621.15M 2.02B 1.97B
Total Stockholder Equity 427.29M 758.03M 1.4B 1.84B
Other Current Liabilities 98.15M 17.69M 144.67M 338.08M
Total Assets 1.59B 1.38B 3.41B 3.81B
Common Stock 154.75M 154.75M 210.02M 210.02M
Other Current Assets 241.73M 79.68M 45.98M 885.72M
Retained Earnings 40.13M 371.39M 759.77M
Treasury Stock -8k -527k -516k 1.63B
Cash 38.74M 209.56M 172.46M 9.9M
Total Current Liabilities 1.15B 498.87M 1.29B 1.36B
Other Stockholder Equity -8k -527k -516k 1.63B
Property, Plant, and Equipment 151.22M 219.37M 867.83M 853.72M
Total Current Assets 1.31B 1.07B 1.71B 2.13B
Net Tangible Assets 427.07M 758.03M 1.4B 1.84B
Net Receivables 954.82M 743.8M 1.43B 1.16B
Accounts Payable 1.01B 412.02M 1B 772.54M


Insider Transactions

Here are the insider transactions of stock shares related to REFEX INDUSTRIES L:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Sherisha Technologies Pvt. Ltd.I2022-03-30Program Director
Jain (Anil T)I2022-03-30Managing Director
Jain (Anil T)D2022-03-29Promoter4.78M
Sherisha Technologies Pvt. Ltd.D2022-03-29Promoter7.3M
Jain (Anil T)Acquisition at price 1.73 per share.D2022-02-09Promoter30.21k
Jain (Anil T)Acquisition at price 1.71 per share.D2022-02-08Promoter45.14k
Jain (Anil T)Acquisition at price 1.71 per share.D2022-01-25Promoter31.62k
Jain (Anil T)Acquisition at price 1.70 per share.D2022-01-25Promoter30.12k
Jain (Anil T)Acquisition at price 1.68 per share.D2022-01-24Managing Director2.34M
Jain (Anil T)D2019-03-06Managing Director373.16k
Jain (Anil T)D2019-02-27Managing Director100k
Jain (Anil T)D2019-02-26Managing Director2.52k
Jain (Anil T)D2019-02-25Managing Director1.89M
Jain (Seema)D2017-11-18Promoter124.38k
Jain (Jagdish T)D2015-07-23Promoter50k
Jain (Jagdish T)D2015-07-02Promoter125k
Jain (Jagdish T)D2015-07-01Promoter19.5k
Jain (Jagdish T)D2015-06-30Promoter90k
Sherisha Technologies Pvt. Ltd.D2015-03-30Promoter2.72M
Jain (Ugamdevi T)D2014-03-31Promoter192.82k
Jain (Anil T)D2014-03-31Managing Director242.77k
Jain (Anil T)D2013-11-20Managing Director23.5k
Jain (Anil T)D2013-08-21Managing Director50.06k
Jain (Tarachand Anil)D2013-04-17Managing Director67.01k
Jain (Ugamdevi T)D2013-03-15Promoter100k
Jain (Anil T)D2013-01-01Managing Director20.7k
Jain (Anil T)D2012-12-18Managing Director52.19k
Jain (Anil T)D2011-05-14Managing Director161k
Jain (Anil T)D2011-05-10Managing Director19k
Sherisha Technologies Pvt. Ltd.D2011-05-09Institution- Corporation20k
Sherisha Technologies Pvt. Ltd.D2011-05-05Institution- Corporation300k
Jain (Anil T)D2011-05-03Managing Director304.59k
Jain (Anil T)D2011-04-11Managing Director50k
Jain (Anil T)D2011-04-11Managing Director50k
Jain (Anil T)D2011-03-30Managing Director50k
Jain (Anil T)D2011-03-25Managing Director61.18k
Jain (Anil T)D2011-03-24Managing Director64.6k
Jain (Anil T)D2011-03-08Managing Director67.08k
Jain (Anil T)D2011-03-08Managing Director75k
Jain (Anil T)D2011-02-25Managing Director64.11k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to REFEX INDUSTRIES L. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on REFEX INDUSTRIES L

Here is the result of two systematic investment strategies applied to REFEX INDUSTRIES L. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on REFEX INDUSTRIES L

The following chart shows the equity curve of the two systematic investment strategies applied to REFEX INDUSTRIES L:

REFEX INDUSTRIES L automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 157.2% on the backtest period.

Performance at glance

Performance

157.2 %

Latent gain

3973.75 ₹

Invested capital

2527.85 ₹

Annualized return

37.25 %
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Momentum strategy results on REFEX INDUSTRIES L

This is the result of two momentum investment strategies applied to REFEX INDUSTRIES L. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on REFEX INDUSTRIES L

The following chart shows all the entries opened by the momentum investment system on REFEX INDUSTRIES L:

REFEX INDUSTRIES L momentum entries
  • The first momentum investment strategy would give 199.14% of return on REFEX INDUSTRIES L. That represents 9938.7₹ of latent gain with 4990.9₹ of employed capital.
  • The second momentum investment strategy would give 171.77% of return on REFEX INDUSTRIES L. That represents 6468.35₹ of latent gain with 3765.65₹ of employed capital.
Performance at glance (1Q Momentum)

Performance

199.14 %

Latent gain

9938.7 ₹

Invested capital

4990.9 ₹

Annualized return

38.23 %
Performance at glance (2Q Momentum)

Performance

171.77 %

Latent gain

6468.35 ₹

Invested capital

3765.65 ₹

Annualized return

45.93 %

Momentum equity curve on REFEX INDUSTRIES L

The following chart shows the equity curve of the two momentum strategies applied to REFEX INDUSTRIES L:

REFEX INDUSTRIES L momentum equity

Note: the dividends potentially given by REFEX INDUSTRIES L are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on REFEX INDUSTRIES L

The following chart shows the employed capital evolution of the two momentum strategies on REFEX INDUSTRIES L since the beginning:

REFEX INDUSTRIES L

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250₹, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000₹.


Buy the dip strategy result on REFEX INDUSTRIES L

Buy the dip entry openings on REFEX INDUSTRIES L

REFEX INDUSTRIES L

The performance achieved by the robo-advisor on REFEX INDUSTRIES L is 84.88%. That represents 442.2$ of latent gain with 521.0₹ of employed capital. The following chart shows REFEX INDUSTRIES L stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of REFEX INDUSTRIES L, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

84.88 %

Latent gain

442.2 ₹

Invested capital

521.0 ₹

Annualized return

38.23 %

Equity curve of the strategy applied to REFEX INDUSTRIES L

The following chart shows the result of the investment strategy applied to REFEX INDUSTRIES L:

REFEX INDUSTRIES L

Note: the dividends potentially given by REFEX INDUSTRIES L are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on REFEX INDUSTRIES L

The following chart shows the employed capital evolution since the beginning of the investment strategy on REFEX INDUSTRIES L:

REFEX INDUSTRIES L

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on REFEX INDUSTRIES L

In this section, I will compare the three previous investment strategies applied to REFEX INDUSTRIES L.

Equity curve comparison on REFEX INDUSTRIES L

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

REFEX INDUSTRIES L investment strategy comparison

Employed capital comparison on REFEX INDUSTRIES L

REFEX INDUSTRIES L investment comparison

Performance comparison on REFEX INDUSTRIES L

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 157.2% 3973.75₹ 2527.85₹ 37.25%
Momentum 1 quarter 199.14% 9938.7₹ 4990.9₹ 50.04%
Momentum 2 quarters 171.77% 6468.35₹ 3765.65₹ 45.93%
Non-directional 84.88% 442.2₹ 521.0₹ 38.23%
Annualized return comparison

Automatic investment

37.25 %

Momentum 1Q

45.93 %

Momentum 2Q

45.93 %

Non-directional

38.23 %

Correlated stocks

Here are the most positively and negatively correlated stocks with REFEX INDUSTRIES L:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between REFEX INDUSTRIES L and the other stocks. There may be false positives or some missing correlated stocks. If the price of REFEX INDUSTRIES L does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name REFEX INDUSTRIES L
Country India
City Chennai
Address Bascon Futura IT Park
Phone 91 44 4340 5950
Website refex.co.in
FullTime employees
Industry Thermal Coal
Sector Energy
Exchange XNSE
Ticker REFEX.XNSE
Market

REFEX INDUSTRIES L ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown