19,000% multibagger returns: Refex Industries Ltd receives order of Rs 300 crore
DSIJ Intelligence-1 / 24 Oct 2025/ Categories: Multibaggers, Trending
Furthermore, the stock gave 3,600 per cent in 5 years and a whopping 19,000 per cent in a decade.
Refex Industries Limited (RIL) has successfully secured a significant order from a Large Mining Entity in Jharkhand. The contract, valued at Rs 300 Crore, is for the essential mining services of Removal of Overburden (OB), excavation, and Transportation of Coal. This domestic order is set to be executed over an initial period of 8 months, with a provision for a substantial extension of 4 years, indicating a long-term commitment and a major boost to RIL's presence in the mining services sector.
About the Company
Refex Industries Ltd, established in 2002, is a prominent company known for pioneering R134a Cans in India and is a market leader in refrigerant gases. Guided by a philosophy of Experience, Empowerment and Efficiency, the company is led by Managing Director Anil Jain and operates with modern infrastructure. Its key business areas include Refrigerant Gas, Coal Ash Handling and Power Trading, supported by a global network.
According to Quarterly Results, the net sales decreased by 34 per cent to Rs 394.51 crore and net profit decreased by 31 per cent to Rs 20.37 crore in Q1FY26 compared to Q1FY25. In its annual results, the net sales increased by 80 per cent to Rs 2,518.02 crore and net profit increased by 70 per cent to Rs 158.38 crore in FY25 compared to FY24.
Refex Industries Limited (RIL) has a market cap of over Rs 4,700 crore. The shares of the company have a PE of 33x whereas the sectoral PE is 69x with an ROE of 19 per cent and an ROCE of 21 per cent. The stock gave multibagger returns of 1,140 per cent in just 3 years whereas the BSE Sensex Index is up by 41 per cent. Furthermore, the stock gave 3,600 per cent in 5 years and a whopping 19,000 per cent in a decade.
Disclaimer: The article is for informational purposes only and not investment advice.