23,250 per cent multibagger returns: Company receives order of Rs 25 crore from Andhra Pradesh Power Development Company Ltd

DSIJ Intelligence-1 / 02 Sep 2025/ Categories: Multibaggers, Trending

Furthermore, the stock gave 3,815 per cent in 5 years and a whopping 23,250 per cent in a decade.

Refex Industries Limited (RIL) has secured a domestic order valued at Rs 25 crore from the Andhra Pradesh Power Development Company Limited. The contract, which is to be executed within three months, involves the transportation of pond ash, a byproduct of thermal power plants. This order expands RIL's portfolio of services and strengthens its presence in the transportation sector within the domestic market.

Earlier, the company 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.

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.

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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.

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Refex Industries Limited (RIL) has a market cap of over Rs 4,700 crore. The shares of the company have a PE of 31x whereas the sectoral PE is 64x with an ROE of 19 per cent and an ROCE of 21 per cent. The stock gave multibagger returns of 1,230 per cent in just 3 years whereas the BSE Sensex Index is up by 36 per cent. Furthermore, the stock gave 3,815 per cent in 5 years and a whopping 23,250 per cent in a decade.

Disclaimer: The article is for informational purposes only and not investment advice.