19,000 per cent multibagger returns: Company bags Rs 47 crore order for pond ash transportation from Maharashtra-Based Company

Refex Industries Limited (RIL) has secured a domestic order for the transportation of pond ash from a Maharashtra-based company, with a broad consideration of approximately Rs 47 crore. The scope of the contract, which involves the supply and services for transporting pond ash, is to be executed for one year.

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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 4,600 crore. The shares of the company have a PE of 31x whereas the sectoral PE is 65x with an ROE of 22 per cent and an ROCE of 25 per cent. The stock gave multibagger returns of 1,360 per cent in just 3 years whereas the BSE Sensex Index is up by 36 per cent. Furthermore, the stock gave 3,625 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.