15,000% multibagger returns: Refex Industries Ltd receives order of Rs 49.22 crore from a Mini Ratna Company

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15,000% multibagger returns: Refex Industries Ltd receives order of Rs 49.22 crore from a Mini Ratna Company

Furthermore, the stock gave 1,200 per cent in 5 years and a whopping 15,000 per cent in a decade.

Refex Industries Limited (RIL) has successfully secured a significant domestic contract valued at Rs 49.22 Crore from a prominent Mini Ratna Company for material handling and transit operations. This three-year engagement involves a comprehensive scope of supply and services specifically focused on the Logistics and movement of bulk commodity materials within India. As a domestic order awarded by a state-affiliated entity, the contract reinforces Refex's growing footprint in the industrial logistics sector and provides strong revenue visibility through its 36-month execution timeline. Furthermore, the company has confirmed that the transaction is conducted at arm's length, with no interest from promoters or related parties, ensuring full regulatory transparency.

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 increased by 39 per cent to Rs 576 crore and net profit increased by 47 per cent to Rs 53 crore in Q3FY26 compared to Q2FY26. 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 3,200 crore. The shares of the company have a PE of 19x whereas the sectoral PE is 36x with an ROE of 19 per cent and an ROCE of 21 per cent. The stock gave multibagger returns of 340 per cent in just 3 years whereas the BSE Sensex Index is up by 37 per cent. Furthermore, the stock gave 1,200 per cent in 5 years and a whopping 15,000 per cent in a decade.

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