Refex Renewables & Infrastructure Ltd operates in Civil Construction within the Industrials sector.
15 historical price candles were omitted because the exchange source has not been verified.
Structured signal from quality, growth, valuation and momentum.
₹ crore, by fiscal year
% of revenue, by fiscal year
Comparable companies from the narrowest available industry classification.
Reported profit and loss, balance sheet, cash flow and growth history.
Annual operating, return, leverage and working-capital ratios.
Current futures and options contracts with compact option-chain pages.
Mutual-fund schemes that disclosed a holding in the company.
Annual reports, exchange filings, offer documents, ratings and earnings-call material.
Upcoming dates and the company’s corporate-action history.
Latest exchange announcements, filings and downloadable documents.
Corporate actions, results dates and filings will appear here once ingested.
Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 56.1% | 80.8% | 81.1% | 92.7% | 98.1% | 94.2% |
| EBITDA margin % | -20% | -29.1% | 10.6% | 43.2% | 46.6% | 40.2% |
| EBIT margin % | -55.7% | -63% | -10.4% | 20% | 20% | 10.7% |
| PAT margin % | -37.2% | -69% | -39.3% | -45.2% | -53.5% | -64.6% |
| Working capital | ||||||
| Receivable days | 333 | 428 | 303 | 33 | 31 | 21 |
| Inventory days | 88 | 114 | 193 | 42 | 290 | 156 |
| Payable days | 316 | 3,802 | 438 | 664 | 2,239 | 699 |
| NWC days | 105 | -3,259 | 58 | -590 | -1,917 | -521 |
| Leverage | ||||||
| Current ratio | 2.19 | 0.67 | 0.99 | 0.45 | 0.52 | 0.3 |
| Debt to EBITDA | — | — | 58.5 | 12.73 | 14.93 | 18.22 |
| Debt to equity | 0.81 | 5.47 | 12.6 | 30.83 | -10.49 | -6.07 |
| Interest coverage | -2 | -1.3 | 0.3 | 0.5 | 0.5 | 0.3 |
| Asset turnover | 0.18 | 0.1 | 0.13 | 0.15 | 0.13 | 0.13 |
| Return ratios | ||||||
| Return on assets % | -6.9% | -6.7% | -5% | -6.7% | -7% | -8.3% |
| Return on capital employed % | -8.4% | -6.8% | 2.7% | 4.7% | 4.5% | 3% |
| Return on equity % | -14.3% | -60.5% | -80% | -253.5% | 80.7% | 53.6% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.
| Holder (%) | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| 74.89% | 74.87% | 74.87% | 74.87% | |
| FII | 0% | 0% | 0% | 0% |
| DII | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% |
| 25.11% | 25.13% | 25.13% | 25.13% | |
| No. of shareholders | 2,690 | 2,926 | 2,824 | 2,702 |
Promoter holding down 0.02 percentage points since Sep 2025.
Current officeholders as filed with BSE. A person holding two offices is listed once per office.
Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.
Documents link to external sources (exchange filings, company investor pages).
| Company | Mkt Cap | EV | Revenue | EBITDA | OPM | PAT | NPM | ROCE | ROE | WC Days |
|---|---|---|---|---|---|---|---|---|---|---|
| Larsen & ToubroLTLT | ₹5,05,996 Cr | ₹6,27,679 Cr | ₹2,90,137 Cr | ₹28,950 Cr | 10.2% | ₹16,590 Cr | 6.6% | 15.4% | 15.5% | -142 |
| Rail Vikas Nigam LimitedRVNLRVNL | ₹41,075 Cr | ₹45,888 Cr | ₹20,825 Cr | ₹891 Cr | 3.8% | ₹900 Cr | 4.3% | 10.2% | 9% | 66 |
| Kalpataru Projects International LimitedKPILKPIL | ₹23,167 Cr | ₹26,474 Cr | ₹27,380 Cr | ₹2,277 Cr | 8.3% | ₹1,136 Cr | 3.8% | 20.3% | 14.6% | -94 |
| Nbcc (India) LimitedNBCCNBCC | ₹20,898 Cr | ₹20,898 Cr | ₹12,752 Cr | ₹656 Cr | 4.8% | ₹743 Cr | 5.8% | 29.3% | 26.2% | -7,663 |
| Irb Infrastructure Developers LimitedIRBIRB | ₹20,533 Cr | ₹40,541 Cr | ₹7,686 Cr | ₹4,182 Cr | 52.1% | ₹954 Cr | 11.1% | 6.1% | 4.2% | 67 |
| Cemindia Projects LimitedCEMPROCEMPRO | ₹20,254 Cr | ₹21,120 Cr | ₹10,185 Cr | ₹1,058 Cr | 10.2% | ₹602 Cr | 5.9% | 44.8% | 28.2% | -110 |
| Engineers India LimitedENGINERSINENGINERSIN | ₹17,577 Cr | ₹17,577 Cr | ₹3,878 Cr | ₹750 Cr | 17.7% | ₹784 Cr | 17.6% | 28.8% | 23.8% | -22 |
| Techno Electric & Engineering Company LimitedTECHNOETECHNOE | ₹11,614 Cr | ₹11,686 Cr | ₹3,356 Cr | ₹469 Cr | 14.2% | ₹431 Cr | 14.6% | 13.6% | 12% | -33 |
| Ircon International LimitedIRCONIRCON | ₹10,369 Cr | ₹16,033 Cr | ₹9,241 Cr | ₹771 Cr | 8.4% | ₹524 Cr | 6.5% | 7.8% | 9.2% | -469 |
| Rites LimitedRITESRITES | ₹10,068 Cr | ₹10,068 Cr | ₹2,458 Cr | ₹555 Cr | 22.9% | ₹417 Cr | 18.8% | 19.3% | 15.4% | -2,276 |
| Welspun Enterprises LimitedWELENTWELENT | ₹10,026 Cr | ₹11,998 Cr | ₹3,544 Cr | ₹716 Cr | 20.7% | ₹308 Cr | 10.9% | 17.3% | 12.5% | -422 |
| Kec International LimitedKECKEC | ₹9,912 Cr | ₹15,015 Cr | ₹23,506 Cr | ₹1,599 Cr | 7.1% | ₹554 Cr | 2.6% | 23.1% | 10.5% | -132 |
No scheme among the 32 fund houses on record reported a position in Refex Renewables & Infrastructure Ltd. Portfolios are published monthly by each AMC; coverage is still partial.
Submission Of Application Seeking No-Objection Or Approval Of The Recognized Stock Exchange, Namely, BSE Limited, For Re-Classification Of Status Of Avyan Pashupathy Capital Advisors Private Limited, One Of The Promoters, As 'Public', By Refex Renewables & Infrastructure Limited, On August 20, 2026, In Accordance With The Provisions Of Regulation 31A Of The SEBI Listing Regulations.
Outcome Of The Meeting Of The Board Of Directors Of Refex Renewables & Infrastructure Limited Held On August 20, 2026, Inter-Alia, For Considering Request From One Of The Promoters Of The Company For Re-Classification To 'Public' Category In The Shareholding Pattern In Accordance With The Provisions Of Regulation 31A Of The SEBI Listing Regulations, 2015.
Board Meeting Outcome for Outcome Of The Board Meeting Held On August 20, 2026, Inter-Alia, For Considering Re-Classification Request Received From One Of The Promoters, As Per Regulation 31A Of The SEBI Listing Regulations, 2015.
Withdrawal Of Corporate Insolvency Resolution Process (CIRP) Against Sherisha Solar LLP, A Strategically Important Step-Down Subsidiary Entity,
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
| Date | Category | Subject | Filing |
|---|---|---|---|
| 20 Aug 2026, 8:45 pm | Company Update General | Submission Of Application Seeking No-Objection Or Approval Of The Recognized Stock Exchange, Namely, BSE Limited, For Re-Classification Of Status Of Avyan Pashupathy Capital Advisors Private Limited, One Of The Promoters, As 'Public', By Refex Renewables & Infrastructure Limited, On August 20, 2026, In Accordance With The Provisions Of Regulation 31A Of The SEBI Listing Regulations. | |
| 20 Aug 2026, 2:11 pm |
| Company Update General |
Outcome Of The Meeting Of The Board Of Directors Of Refex Renewables & Infrastructure Limited Held On August 20, 2026, Inter-Alia, For Considering Request From One Of The Promoters Of The Company For Re-Classification To 'Public' Category In The Shareholding Pattern In Accordance With The Provisions Of Regulation 31A Of The SEBI Listing Regulations, 2015. |
| 20 Aug 2026, 2:08 pm | Others Outcome without intimation | Board Meeting Outcome for Outcome Of The Board Meeting Held On August 20, 2026, Inter-Alia, For Considering Re-Classification Request Received From One Of The Promoters, As Per Regulation 31A Of The SEBI Listing Regulations, 2015. |
| 19 Aug 2026, 9:26 pm | Company Update General | Withdrawal Of Corporate Insolvency Resolution Process (CIRP) Against Sherisha Solar LLP, A Strategically Important Step-Down Subsidiary Entity, |
| 17 Aug 2026, 1:59 pm | Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 | Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 |
Consolidated figures · ₹ crore
| ₹ Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| 72 | 54 | 77 | 76 | 68 | 66 | |
| COGS | 32 | 10 | 14 | 6 | 1 | 4 |
| Gross profit | 40 | 43 | 62 | 71 | 67 | 63 |
| 55 | 59 | 54 | 38 | 35 | 36 | |
| -14 | -16 | 8 | 33 | 32 | 27 | |
| OPM % | -20% | -29.1% | 10.6% | 43.2% | 46.6% | 40.2% |
| Depreciation | 26 | 18 | 16 | 18 | 18 | 20 |
| Interest | 14 | 19 | 35 | 42 | 43 | 48 |
| 12 | 21 | 20 | 18 | 7 | 6 | |
| Profit before tax | -42 | -32 | -23 | -8 | -23 | -35 |
| Tax | -15 | 4 | 8 | 26 | 14 | 8 |
| Tax % | -35.7% | 13.8% | 33.3% | 313.6% | 60.4% | 23.6% |
| PAT | -27 | -37 | -30 | -34 | -36 | -43 |
| PAT margin % | -37.2% | -69% | -39.3% | -45.2% | -53.5% | -64.6% |
| EPS (₹) | -59.2 | -82.3 | -67.2 | -76.4 | -81.3 | -95.3 |
| EPS adjusted (₹) | -59.2 | -82.3 | -67.2 | -76.4 | -81.1 | -93.4 |
| Annual report | Annual report for Mar 2021 | Annual report for Mar 2022 | Annual report for Mar 2023 | Annual report for Mar 2024 | Annual report for Mar 2025 | — |
| ₹ Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 4 | 4 | 4 | 4 | 5 | 5 |
| Reserves | 182 | 57 | 33 | 9 | -50 | -85 |
| Minority interest | — | 8 | 4 | — | — | — |
| 152 | 334 | 474 | 419 | 473 | 486 | |
| 51 | 150 | 87 | 78 | 90 | 111 | |
| Total equity & liabilities | 390 | 553 | 603 | 510 | 517 | 517 |
| 168 | 170 | 169 | 455 | 450 | 441 | |
| CWIP | 33 | 231 | 288 | 0 | 0 | 2 |
| Investments | 3 | 3 | 3 | 3 | 3 | 14 |
| 186 | 149 | 143 | 53 | 64 | 61 | |
| Total assets | 390 | 553 | 603 | 510 | 517 | 517 |
| ₹ Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| -46 | 114 | -55 | 121 | 27 | 16 | |
| -62 | -159 | -73 | -15 | -40 | 2 | |
| 119 | 74 | 125 | -107 | 18 | -24 | |
| Net cash flow | 10 | 29 | -3 | -1 | 5 | -6 |
| Free cash flow | -86 | -119 | -127 | 105 | 14 | 10 |
| CFO / Operating profit % | — | — | -673.8% | 366.4% | 85.4% | 59.4% |