Stock Split: Refex Industries Ltd (NSE: REFEX) is also one in the list of companies that have given strong returns in the stock market during the last year. The value of shares in the company has risen by more than 150 percent in this time.
Now the shares of the company are going to be distributed. The record date of this split was announced.
Stock Is Going To Be Divided Into 5
The company has said that it has announced the distribution of shares with a face value of Rs 10. The company has said that it has been decided to divide the shares into 5 parts.
Following this split in the stock, the value of shares issued by the company will be reduced to Rs 2 per share. We’ll inform you we can inform you that our company set the date of record for the stock split to be 22 March 2024.
Company Is Continuously Paying Dividends
The company gave dividends for the first time in 2008. After this, the company also gave dividends in 2023 and 2024.
How Was Stock Market Performance During Last 6 Months?
On Thursday, the price of the company’s shares was Rs 660.30 on BSE. Yesterday the company’s shares hit an upper circuit of 5 percent.
Investors holding the stock for the last year have gained 159 percent so far. However, during the last 6 months, the company’s share prices have seen a decline of 2.7 percent.
About Refex Industries Ltd
Refex Industries Limited (RIL) is an Indian-based expert manufacturer and recycler of refrigerant gas.
Its segments include Trading in coals as well as the Ash Handling business; Refrigerant gases; Solar Power – Generation and Related Activities; power trading, sales of services, and other segments.
It supplies automotive air conditioning gases in aerosol propellants, disposable cans, blowing agents, Hydrofluorocarbons used in air conditioners, HFC products, Chloro-fluoro-carbons, handling and disposal of fly ash, and many more.
The total operating revenue is 1629.15 crores while its equity capital is 22.11 crores.
Fundamental Analysis of Refex Industries Ltd
| Market Cap | ₹ 1,460 Cr. |
| Current Price | ₹ 660 |
| 52-wk High | ₹ 924 |
| 52-wk Low | ₹ 220 |
| Stock P/E | 12.6 |
| Book Value | ₹ 161 |
| Dividend | 0.30 % |
| ROCE | 48.0 % |
| ROE | 46.6 % |
| Face Value | ₹ 10.0 |
| P/B Value | 4.11 |
| OPM | 10.8 % |
| EPS | ₹ 52.4 |
| Debt | ₹ 139 Cr. |
| Debt to Equity | 0.39 |
Refex Industries Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 52.70% |
| Mar 2023 | 52.70% |
| June 2023 | 52.70% |
| Sept 2023 | 53.33% |
| Dec 2023 | 53.27% |
| FII Holding | |
| Dec 2022 | 0.00% |
| Mar 2023 | 0.07% |
| June 2023 | 0.68% |
| Sept 2023 | 0.41% |
| Dec 2023 | 0.20% |
| DII Holding | |
| Dec 2022 | 0.00% |
| Mar 2023 | 0.00% |
| June 2023 | 0.15% |
| Sept 2023 | 0.10% |
| Dec 2023 | 0.00% |
| Public Holding | |
| Dec 2022 | 46.30% |
| Mar 2023 | 46.23% |
| June 2023 | 46.47% |
| Sept 2023 | 46.17% |
| Dec 2023 | 46.53% |
Refex Industries Share: Last 5 Years’ Financial Condition
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 461 Cr |
| 2020 | ₹ 661 Cr |
| 2021 | ₹ 633 Cr |
| 2022 | ₹ 444 Cr |
| 2023 | ₹ 1,663 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 32 Cr |
| 2020 | ₹ 33 Cr |
| 2021 | ₹ 41 Cr |
| 2022 | ₹ 45 Cr |
| 2023 | ₹ 116 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0 |
| 2020 | 0.02 |
| 2021 | 0 |
| 2022 | 0.08 |
| 2023 | 0.26 |
Last 10 Years’ Profit Growth:
| 10 Years: | 29% |
| 5 Years: | 160% |
| 3 Years: | 46% |
| Current Year: | 45% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 43% |
| 5 Years: | 43% |
| 3 Years: | 37% |
| Last Year: | 47% |
Sales Growth Over 10 Years:
| 10 Years: | 58% |
| 5 Years: | 84% |
| 3 Years: | 35% |
| Current Year: | 41% |
Conclusion
This article is a complete guide about Refex Industries Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
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