Share of Rs 709 will be Rs 150 Soon; Stock Split Approved; 3000% Returns has Given by this Small-cap Stock

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

PeriodShare PriceGrowthReturns on 10k
1M₹599.5018.01%₹11,801
2M₹539.6031.11%₹13,111
3M₹589.9519.92%₹11,992
4M₹635.5511.31%₹11,131
5M₹684.803.31%₹10,331
6M₹769.00-8.00%₹9,200
7M₹520.6035.89%₹13,589
8M₹544.2030.00%₹13,000
9M₹330.90113.80%₹21,380
10M₹232.90203.76%₹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

MonthOpeningClosingGain/ 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₹324.2030.07%
May₹315.20₹543.7072.49%
Jun₹526.95₹545.453.51%
Jul₹543.20₹847.5556.03%
Aug₹889.90₹673.85-24.28%
Sep₹674.20₹635.80-5.70%
Oct₹640.90₹555.00-13.40%
Nov₹527.80₹529.950.41%
Dec₹534.55₹601.3512.50%
Total Returns in 2023115.85%

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.

PeriodGrowthReturns on ₹10kCAGR
1Y183%₹28k182.53%
2Y459%₹55k136.53%
3Y699%₹79k99.91%
4Y1295%₹1.39 Lakh93.25%
5Y2995%₹3 Lakh98.67%
6Y3394%₹3.49 Lakh80.81%
7Y4435%₹4.53 Lakh72.45%
8Y7813%₹7.91 Lakh72.70%
9Y6696%₹6.79 Lakh59.80%
10Y16314%₹16 Lakh66.54%
  • 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)

YearOpenCloseGain/ Fall
2024₹631.40₹707.4512.04%
2023₹278.60₹601.35115.85%
2022₹133.80₹278.05107.81%
2021₹96.70₹141.0045.81%
2020₹52.36₹97.8086.78%
2019₹20.05₹52.61162.39%
2018₹22.86₹19.57-14.39%
2017₹15.50₹23.4050.97%
2016₹8.24₹15.2685.19%
2015₹6.56₹8.1424.09%
Refex Industries Ltd manufactures refrigerant gases
Refex Industries Ltd manufactures refrigerant gases

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 Yield0.28 %
ROCE48.0 %
ROE46.6 %
Stock P/E12.9
Industry PE41.9
PEG Ratio0.08
EPS₹55.3
Debt₹139 Cr.
Debt to equity0.39
Current liabilities182 Cr.
Current assets402 Cr.
NCAVPS₹118
Reserves₹333 Cr.
Cash Equivalents₹11.4 Cr.
Inventory₹5.99 Cr.

Shareholding Pattern of Refex Industries Ltd.

PeriodPromotersFIIsDIIsPublic
Mar 202149.72%0.00%0.00%50.28%
Mar 202250.21%0.26%0.00%49.53%
Mar 202352.70%0.07%0.00%47.23%
Jun 202352.70%0.68%0.15%46.47%
Sep 202353.33%0.41%0.10%46.17%
Dec 202353.27%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

PeriodSales GrowthProfit Growth
10 Years58%29%
5 Years84%160%
3 Years35%46%
TTM:97%102%
4.5/5 - (2 votes)

Leave a Comment