Refex Industries, established in 2002, has become a prominent player in the refrigeration industry. Their expertise lies in refilling and handling eco-friendly refrigerant gases, known as hydrofluorocarbons (HFCs), which are widely used in air conditioners, refrigerators, and other cooling equipment. The company’s public offering in July 2007 marked its entry onto the Bombay Stock Exchange. Impressive growth followed, with a turnover of Rs 51.41 crore in the financial year ending March 2007. In 2018, Refex Industries expanded into fly ash and coal handling for thermal power plants, leading to a significant surge in stock price, reaching around Rs 30 per share. Its entry into power trading in 2022 and green mobility in 2023 further fueled its success. Refex Industries’ diversified business strategy has paid dividends, resulting in the exceptional returns experienced by its investors over the past decade. Today, the company operates refilling facilities in Chennai and Tamil Nadu, with warehouses in Delhi and Mumbai. Its financial performance remains strong, with a reported total income of Rs 345.7 crore for the March quarter of 2023-24 and Rs 1,388.84 crore for the full fiscal year. Notably, the company achieved an impressive EBITDA of Rs 43.5 crores in the last quarter of fiscal year 2024, representing a margin of 12.89%. For the annual period, EBITDA amounted to Rs 148.75 crores, with a margin of 10.85%.
Refex Industries Soars: 11,000% Returns for Investors in a Decade
