Refex Industries Ltd. (Formerly known Refex Refrigerants Limited) was incorporated on September 13, 2002. The core business of Refex is refilling nonozone depleting refrigerant gases popularly known as HydrofluoroCarbons (HFCs), which unlike regular refrigerants, are ecofriendly and do not deplete the ozone layer. These gases are primarily used as refrigerants, foam blowing agents, and aerosol propellants in automobile air conditioners, room airconditioners and refrigerating equipment. With its inception in 2002, the Company successfully broke the monopoly that existed in controlled refrigerant market..These refrigerants are the replacements for the Chlorofluorocarbons (CFC) and HCFCs that deplete the ozone layer. The CFCs are to be banned in the country from 2010, after this ban HFCs have to be replaced with the CFCs. So Refex saw the potential in the HFC business and started to import this product from across the globe in the year 2002. The company has importing this in their trading company. After seeing a growth, the company has planned to set up a refilling plant in Chennai with the technical collaboration from Kaltech Engineering and Refrigeration Pvt.Ltd., Singapore. The company has set up a refilling plant in Thiruporur near Chennai. Refex has started with a capacity of 40MT per month with one storage tank and one ISO tank. An ISO tank container is a pressure vessel complying with the International Standard Organization recommendations. The unit is designed and constructed for transportation of liquids, powders and liquefied gases on land or at sea.In November 2011, the Company forayed into solar energy generation and distribution, by running a solar power plant at Barmer Dist. in Rajasthan.The Company had disposed off 37,54,571 shares of SGD 1 each constituting 51% of investments made in its erstwhile Wholly Owned Subsidiary Company M/S Sherisa Technololgies (S) Pte Ltd during the year 201112. Hence the investments made and outstanding in such company were diluted to 49% comprising of 36, 07,334 shares of SGD 1 each. Due to this reduction in the Investments, the said Company ceased to be a subsidiary of Company.The Company launched two products, Voltage Stabilizers and Stands for outdoor units in January, 2011. It started coal trading business in 2018. It further launched two new products, R600 and R152a, which have low GWP and are replacements to R12 and R22 respectively, through canned form in 202021. The Company was among the first few companies to launch 450 ml refilling cans to set up renewal plants at automotive original equipment manufacturer (OEM) premises to launch blended gases within the Country. It added more cylinders and tonners and filling lines to its capacity this year, thereby increasing its refilling capacity to 2500 MT during FY 202122.
What is the current share price of Refex Industries Ltd today on both NSE and BSE?
Refex Industries Ltd shares are currently priced at 168.05 on NSE and 168.2 on BSE as of 4/25/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.
How has Refex Industries Ltd [REFEX] shares performed in the past ?
The past 1-year return of Refex Industries Ltd [REFEX] share was 154.15. The Refex Industries Ltd [REFEX] share hit a 1-year low of Rs. 61.2 and a 1-year high of Rs. 184.8.
What is the market cap of Refex Industries Ltd [REFEX] ?
The market cap of Refex Industries Ltd is Rs. 1860 Cr. as of 4/25/2024 12:00:00 AM.
What is the current P/E ratio of Refex Industries Ltd [REFEX] share price ?
The PE ratios of Refex Industries Ltd is 16.07 as of 4/25/2024 12:00:00 AM.
What is the current PB ratio of Refex Industries Ltd [REFEX] share price ?
The PB ratios of Refex Industries Ltd is 5.23 as of 4/25/2024 12:00:00 AM
How can I buy Refex Industries Ltd shares?
You can easily buy Refex Industries Ltd shares in Kotak Securities by opening a demat account and getting the KYC documents verified online.