Refex Industries Ltd
NSE:REFEX

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Refex Industries Ltd Logo
Refex Industries Ltd
NSE:REFEX
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Price: 233.34 INR -1.56% Market Closed
Market Cap: ₹32B

Gross Margin

17.3%
Current
Improving
by 4.2%
vs 3-y average of 13.2%

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
17.3%
=
Gross Profit
₹3.5B
/
Revenue
₹20.1B

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
17.3%
=
Gross Profit
₹3.5B
/
Revenue
₹20.1B

Peer Comparison

Country Company Market Cap Gross
Margin
IN
Refex Industries Ltd
NSE:REFEX
30B INR
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JP
Mitsubishi Corp
TSE:8058
17.4T JPY
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JP
Itochu Corp
TSE:8001
15.8T JPY
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JP
Mitsui & Co Ltd
TSE:8031
14.7T JPY
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JP
Marubeni Corp
TSE:8002
8.9T JPY
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US
W W Grainger Inc
NYSE:GWW
56.9B USD
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US
WW Grainger Inc
XMUN:GWW
47.9B EUR
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US
Fastenal Co
NASDAQ:FAST
54.3B USD
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US
United Rentals Inc
NYSE:URI
53.1B USD
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US
Ferguson Enterprises Inc
NYSE:FERG
50B USD
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JP
Sumitomo Corp
TSE:8053
7.2T JPY
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Market Distribution

Lower than 83% of companies in India
Percentile
17th
Based on 4 996 companies
17th percentile
17.3%
Low
-3 052.3% — 26.9%
Typical Range
26.9% — 53.3%
High
53.3% — 8 269.1%
Distribution Statistics
India
Min -3 052.3%
30th Percentile 26.9%
Median 39%
70th Percentile 53.3%
Max 8 269.1%

Refex Industries Ltd
Glance View

Refex Industries Ltd. engages in the distribution of refrigerant gases. The company is headquartered in Chennai, Tamil Nadu. The company went IPO on 2007-08-26. The company is engaged in refilling non-ozone-depleting refrigerant gases known as Hydrofluorocarbons (HFC). The firm's business verticals include refrigerant gases refilling and distributing; coal and fly ash handling; coal trading; O&M services for thermal power plants; coal yard management services; and solar power generation. Its refrigerant gases are primarily used as refrigerants, blowing agents and aerosol propellants. Its coal & ash handling include Fly Ash, Pond Ash and Bottom Ash. The company supplies ash to cement manufacturers, infrastructure projects, to paver block and hollow bricks manufacturers in Maharashtra, Chhattisgarh, Madhya Pradesh, Andhra Pradesh & Karnataka. The company also provides coal yard management services to power plants in handling movement of coal within the plant from one point to another; and crushing the coal into uniform size and feeding to track hoopers.

REFEX Intrinsic Value
205.79 INR
Overvaluation 12%
Intrinsic Value
Price
What is Gross Margin?
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
How is Gross Margin calculated?

Gross Margin is calculated by dividing the Gross Profit by the Revenue.

Gross Margin
17.3%
=
Gross Profit
₹3.5B
/
Revenue
₹20.1B
What is Refex Industries Ltd's current Gross Margin?

The current Gross Margin for Refex Industries Ltd is 17.3%, which is above its 3-year median of 13.2%.

How has Gross Margin changed over time?

Over the last 3 years, Refex Industries Ltd’s Gross Margin has increased from 13.5% to 17.3%. During this period, it reached a low of 11.6% on Mar 31, 2025 and a high of 17.3% on Jan 1, 2026.

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