25,000 per cent multibagger returns: Company receives an order of Rs 474.45 crore for supply of Wind Turbine Generators (WTGs) and tubular towers

DSIJ Intelligence-1 / 25 Sep 2025/ Categories: Multibaggers, Trending

25,000 per cent multibagger returns: Company receives an order of Rs 474.45 crore for supply of Wind Turbine Generators (WTGs) and tubular towers

Furthermore, the stock gave 4,070 per cent in 5 years and a whopping 25,000 per cent in a decade.

Venwind Refex Power Limited (VRPL), a subsidiary of Refex Industries Limited (RIL), has secured a significant contract with an independent power producer. The agreement, valued at Rs. 474.45 Crore, involves the supply of Wind Turbine Generators (WTGs) and tubular towers for wind power projects located in Gujarat, India. This domestic contract marks a key development for VRPL, which specialises in providing turnkey solutions for wind farm projects.

The contract is structured with a two-phase execution timeline. The first phase, valued at Rs. 142.33 Crore, is scheduled to be completed by March 2026. The second, larger phase, with a value of Rs. 332.12 Crore, is set for completion by March 2027. The scope of work also includes technical and supervisory assistance for the foundation and erection of the WTGs, showcasing VRPL's comprehensive role in the project's development.

Earlier, the company 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.

Power up your investing game — 2 services for the price of 1

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.

DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, download the service details here.

Refex Industries Limited (RIL) has a market cap of over Rs 4,900 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 1,055 per cent in just 3 years whereas the BSE Sensex Index is up by 40 per cent. Furthermore, the stock gave 4,070 per cent in 5 years and a whopping 25,000 per cent in a decade.

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