Currently, the price of this stock is Rs 709 per share and after the split, the value of this stock will come down to Rs 150 per share. However, if people start buying it then it can split even above the price of Rs 150. The company has not announced any record date yet.
Recently Refex Industries Limited (NSE: REFEX) announced a stock split. Currently, the share face value is Rs. 10. The company plans to split each share into 5 smaller shares, each face valued at Rs. 2. This means shareholders will have more shares, but each share will be worth less. The board of directors has approved this change, but it still needs approval from the company’s members through a vote and regulatory authorities. The company will provide more information about the specific date when this change will take effect later on.
Investment Tripled in Only 10 Months
| Period | Share Price | Growth | Returns on 10k |
| 1M | ₹599.50 | 18.01% | ₹11,801 |
| 2M | ₹539.60 | 31.11% | ₹13,111 |
| 3M | ₹589.95 | 19.92% | ₹11,992 |
| 4M | ₹635.55 | 11.31% | ₹11,131 |
| 5M | ₹684.80 | 3.31% | ₹10,331 |
| 6M | ₹769.00 | -8.00% | ₹9,200 |
| 7M | ₹520.60 | 35.89% | ₹13,589 |
| 8M | ₹544.20 | 30.00% | ₹13,000 |
| 9M | ₹330.90 | 113.80% | ₹21,380 |
| 10M | ₹232.90 | 203.76% | ₹30,376 |
Ten months ago the share price of Refex Industries Limited was Rs 232.90 and currently, it is trading at Rs 709. In these ten months, the shares have shown amazing growth and tripled the wealth of investors. For those investors who had invested ₹10000 in it ten months ago, today the value of those shares has become ₹30,376.
115 Percent Growth Shown in 2023
| Month | Opening | Closing | Gain/ Fall |
| Jan | ₹278.60 | ₹259.00 | -7.04% |
| Feb | ₹263.45 | ₹259.65 | -1.44% |
| Mar | ₹259.60 | ₹237.40 | -8.55% |
| Apr | ₹249.25 | ₹324.20 | 30.07% |
| May | ₹315.20 | ₹543.70 | 72.49% |
| Jun | ₹526.95 | ₹545.45 | 3.51% |
| Jul | ₹543.20 | ₹847.55 | 56.03% |
| Aug | ₹889.90 | ₹673.85 | -24.28% |
| Sep | ₹674.20 | ₹635.80 | -5.70% |
| Oct | ₹640.90 | ₹555.00 | -13.40% |
| Nov | ₹527.80 | ₹529.95 | 0.41% |
| Dec | ₹534.55 | ₹601.35 | 12.50% |
| Total Returns in 2023 | 115.85% | ||
Refex Industries Limited shares have increased by 115.85 percent in 2023.
3000% Return in 5 years & 16000% Return in 10 years
In the table below you can check the company’s absolute returns and CAGR growth for the last ten years. You can also know that if someone has invested a lump sum of Rs 10,000 then what is the value of those Rs 10,000 worth of shares today.
| Period | Growth | Returns on ₹10k | CAGR |
| 1Y | 183% | ₹28k | 182.53% |
| 2Y | 459% | ₹55k | 136.53% |
| 3Y | 699% | ₹79k | 99.91% |
| 4Y | 1295% | ₹1.39 Lakh | 93.25% |
| 5Y | 2995% | ₹3 Lakh | 98.67% |
| 6Y | 3394% | ₹3.49 Lakh | 80.81% |
| 7Y | 4435% | ₹4.53 Lakh | 72.45% |
| 8Y | 7813% | ₹7.91 Lakh | 72.70% |
| 9Y | 6696% | ₹6.79 Lakh | 59.80% |
| 10Y | 16314% | ₹16 Lakh | 66.54% |
- If we look at the performance of the last two years, it has seen a rise of 459 percent.
- In the past four years, it has increased investors’ investment by more than 14 times.
- For investors who had invested Rs 10,000 in it five years ago, the value of those ₹10,000 shares has increased to ₹3 lakh today, while for investors who had invested the same amount in it ten years ago, the value of those shares has increased to ₹16 lakh.
- The company’s stock CAGR growth was 98.67% in the last 5 years and 66.54% in the last 10 years.
Last 10 Year Performance (Year-wise)
| Year | Open | Close | Gain/ Fall |
| 2024 | ₹631.40 | ₹707.45 | 12.04% |
| 2023 | ₹278.60 | ₹601.35 | 115.85% |
| 2022 | ₹133.80 | ₹278.05 | 107.81% |
| 2021 | ₹96.70 | ₹141.00 | 45.81% |
| 2020 | ₹52.36 | ₹97.80 | 86.78% |
| 2019 | ₹20.05 | ₹52.61 | 162.39% |
| 2018 | ₹22.86 | ₹19.57 | -14.39% |
| 2017 | ₹15.50 | ₹23.40 | 50.97% |
| 2016 | ₹8.24 | ₹15.26 | 85.19% |
| 2015 | ₹6.56 | ₹8.14 | 24.09% |
About the Company
Refex Industries Limited (RIL) specializes in the manufacturing and refilling of refrigerant gases as an eco-friendly alternative to chloro-fluoro-carbons. The company operates in various sectors:
- Refrigerant gas: Mainly used for refrigerants, foam-blowing agents, and aerosol propellants.
- Coal ash management: Provides services for handling and disposing of fly ash, crushing unfired coal, and trading coal to power plants.
- Power Trading: Entry into power supply and services to power users, producers, state electricity boards, and distribution companies from March 2022.
Fundamental Ratio of Refex Industries Ltd.
| Market Cap | ₹1,569 Cr. |
| Current Price | ₹709 |
| High / Low | ₹924 / 220 |
| Book Value | ₹161 |
| Face Value | ₹10 |
| Intrinsic Value | ₹1952 |
| Dividend Yield | 0.28 % |
| ROCE | 48.0 % |
| ROE | 46.6 % |
| Stock P/E | 12.9 |
| Industry PE | 41.9 |
| PEG Ratio | 0.08 |
| EPS | ₹55.3 |
| Debt | ₹139 Cr. |
| Debt to equity | 0.39 |
| Current liabilities | 182 Cr. |
| Current assets | 402 Cr. |
| NCAVPS | ₹118 |
| Reserves | ₹333 Cr. |
| Cash Equivalents | ₹11.4 Cr. |
| Inventory | ₹5.99 Cr. |
Shareholding Pattern of Refex Industries Ltd.
| Period | Promoters | FIIs | DIIs | Public |
| Mar 2021 | 49.72% | 0.00% | 0.00% | 50.28% |
| Mar 2022 | 50.21% | 0.26% | 0.00% | 49.53% |
| Mar 2023 | 52.70% | 0.07% | 0.00% | 47.23% |
| Jun 2023 | 52.70% | 0.68% | 0.15% | 46.47% |
| Sep 2023 | 53.33% | 0.41% | 0.10% | 46.17% |
| Dec 2023 | 53.27% | 0.20% | 0.00% | 46.53% |
The promoter has bought a 3.60% stake in the last 3 years but has sold .06% of his stake in the last quarter. FIIs and DIIs also had a small stake in the company which FIIs have been selling for the last 2 quarters and DIIs have sold it completely.
Last 10 Years Compounded Sales and Profit Growth
| Period | Sales Growth | Profit Growth |
| 10 Years | 58% | 29% |
| 5 Years | 84% | 160% |
| 3 Years | 35% | 46% |
| TTM: | 97% | 102% |
Disclaimer: This article is written for informational purposes only, do not consider it any investment advice.