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Refex Renewables & Infrastructure Ltd.

368.75+3.65 (+1.00%)

BSE · 02 Nov, 4:01 PM

: ₹166.01 Cr
: —
: 2,141
: ₹368.75 - ₹368.75
: ₹704.95 - ₹209.05

Refex Renewables & Infrastructure Ltd. (REFEXRENEW) share price closed at ₹368.75 on the BSE on Monday, November 2, 2026, up by 1.00% from its of ₹365.10. In that session REFEXRENEW reached a of 368.75 and of 368.75. The stands at 300.63 and is at 416.86. Looking at , the stock ended the session moving sideways.

Stock Overview

₹368.75

₹365.10

₹300.63

Price 22.66% above

₹416.86

Price 11.54% below

Key Fundamentals

: 166.01 Cr₹166.01 Crore
: -85.21
: —
: -1.97
: -187.25
: 37.53 Cr₹37.53 Crore
: 0.00 %
Sector
Industry: Engineering - Construction
: 0.00
: -5.99

Industry Comparison

Ratio	Company	Sector
	—	14.92
	-5.99	0.44
	-1.97	1.39
	0.30	1.59
	0.00 %	0.00 %
Operating Margin	40.47 %	11.92 %

Sector figures are the median of 97 listed Infrastructure companies.

Peer Comparison

Name
LARSEN & TOU LT	3,936.05	30.38	5,41,567.45	0.96	5,949.15	27.17%	78,749.94	15.84%	15.98
RVNL RVNL	191.20	42.60	39,865.58	0.39	159.52	18.73%	4,321.23	10.55%	10.81
CEMPRO CEMPRO	1,306.70	38.94	24,098.55	0.24	140.83	2.62%	2,720.92	5.61%	33.53
KPIL KPIL	1,367.00	19.87	23,344.61	0.83	311.53	45.85%	6,407.97	3.84%	18.95
IRB INFRA IRB	16.81	20.62	20,303.12	1.60	306.27	51.26%	2,137.27	1.82%	7.72
ENGINRS.(I) ENGINERSIN	300.70	18.11	16,900.61	1.73	196.68	135.58%	824.20	-10.54%	30.94
TECHNOE TECHNOE	896.00	22.95	10,420.44	0.82	93.33	-31.44%	630.34	19.84%	14.86
Refex Renewables & Infrastructure Ltd. REFEXRENEW	368.75	0.00	166.01	0.00	-3.14	58.19%	22.20	32.62%	3.23

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Sep 2022	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	9.47	17.81	18.01	14.00	15.90	20.07	16.74	14.28	16.10	19.35	22.20
Expenses	9.70	11.11	9.19	9.05	8.33	9.76	8.05	11.07	9.92	10.73	10.43
	-0.23	6.70	8.82	4.95	7.57	10.31	8.69	3.21	6.18	8.62	11.77
	-2.43%	37.62%	48.97%	35.36%	47.61%	51.37%	51.91%	22.48%	38.39%	44.55%	53.02%
	2.61	2.53	0.34	0.38	1.27	4.91	1.89	0.86	2.41	0.99	3.49
Interest	7.20	9.50	10.30	10.39	10.85	11.64	11.36	11.54	12.83	12.32	11.59
	4.38	4.63	4.43	4.52	4.51	4.59	4.65	4.94	4.98	4.99	4.95
	-9.20	-4.90	-5.57	-9.58	-6.52	-1.01	-5.43	-12.41	-9.22	-7.70	-1.28
	-5.11%	-121.22%	-52.60%	-32.46%	-55.98%	-397.03%	-38.31%	-15.39%	-19.63%	-31.04%	-145.31%
	-8.93	-8.06	-8.59	-12.71	-10.05	-4.72	-7.57	-14.69	-10.61	-9.96	-3.10
	-19.89	-17.95	-19.13	-28.31	-22.38	-10.49	-16.82	-32.64	-23.58	-22.13	-6.89

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	53.50	76.64	76.09	67.99	66.47
	53.50	76.64	76.09	67.99	66.47
EXPENDITURE :
Raw Material Consumed	5.34	1.09	2.56	1.27	3.88
Power & Fuel Cost	0.03	0.00		0.12	0.91
Employee Cost	17.98	10.33	11.16	11.59	12.14
Other Manufacturing Expenses	6.30	15.44	11.50	7.90	7.72
General and Administration Expenses	17.44	14.70	11.51	9.64	10.23
Selling and Distribution Expenses	0.98	0.55	1.21	1.16	1.32
Miscellaneous Expenses	22.04	25.99	5.13	4.43	3.37
	70.10	68.10	43.06	36.11	39.57
Operating Profit (Excl OI)	-16.60	8.54	33.03	31.87	26.90
	9.13	20.09	6.78	5.98	6.15
	-7.47	28.64	39.81	37.85	33.05
Interest	19.52	35.14	41.73	43.40	48.25
PBDT	-26.99	-6.51	-1.92	-5.55	-15.21
	17.06	16.06	17.65	18.05	19.56
Profit Before Taxation & Exceptional Items	-44.05	-22.57	-19.56	-23.60	-34.77
Exceptional Income / Expenses	11.61		11.24	0.91
	-32.44	-22.57	-8.32	-22.70	-34.78
Provision for Tax	4.49	7.52	26.09	13.70	8.20
	-36.93	-30.09	-34.42	-36.40	-42.97
Extra items				0.00	0.00
Minority Interest	4.45	6.71	9.71	0.08	0.94
Consolidated Net Profit	-32.49	-23.38	-24.71	-36.32	-42.03
Profit Balance B/F	-41.53	-74.02	-97.40	-122.20	-181.48
Appropriations	-74.02	-97.40	-122.11	-158.52	-223.51
	-72.35	-52.07	-55.03	-80.77	-93.45
Adjusted EPS	-72.35	-52.07	-55.03	-80.77	-93.45

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	4.49	4.49	4.49	4.50	4.50
Share Warrants & Outstandings		0.06	0.73	1.05	1.06
Total Reserves	56.52	33.06	8.36	-50.63	-85.66
Reserve excluding Revaluation Reserve	56.52	33.06	8.36	-50.63	-85.66
	61.01	37.61	13.58	-45.08	-80.10
Minority Interest	7.87	3.78	-5.93	-1.86	-1.42
Secured Loans	126.82	242.42	275.93	294.16	315.54
Unsecured Loans	180.10	204.90	112.38	146.41	138.20
Deferred Tax Assets / Liabilities	3.73	6.54	31.73	44.90	51.92
Other Long Term Liabilities	5.26	4.90	4.04	4.48	3.86
Long Term Provisions	9.13	2.76	1.76	1.11	1.01
Total Non-Current Liabilities	325.05	461.52	425.84	491.05	510.54
Trade Payables	106.97	17.38	10.14	7.79	7.43
Other Current Liabilities	28.85	55.52	49.73	46.91	63.55
Short Term Borrowings	19.32	19.21	14.62	15.50	14.44
Short Term Provisions	2.08	6.70	1.01	2.15	2.17
Total Current Liabilities	157.22	98.81	75.50	72.36	87.59
Total Liabilities	551.15	601.71	508.99	516.46	516.61
Gross Block	249.16	264.08	567.23	584.02	581.30
Less: Accumulated Depreciation	78.82	94.83	112.47	133.66	140.63
	170.34	169.24	454.77	450.36	440.67
	230.88	287.61		0.32	1.56
Non Current Investments	0.10	0.10	0.10	0.10	11.13
Long Term Investment	0.10	0.10	0.10	0.10	11.13
Long Term Loans & Advances	3.87	7.04	3.11	8.10	3.55
Other Non Current Assets	37.55	36.89	14.56	17.00	30.42
Total Non-Current Assets	445.49	503.64	475.28	478.63	490.09
Inventories	3.22	7.65	0.64	1.01	1.65
Sundry Debtors	62.80	63.65	6.88	5.81	3.90
Cash and Bank	12.38	9.67	9.31	13.36	5.85
Other Current Assets	3.70	4.83	5.63	5.10	3.64
Short Term Loans and Advances	23.56	12.27	11.26	12.55	11.48
Total Current Assets	105.66	98.08	33.71	37.84	26.52
Net Current Assets (Including Current Investments)	-51.56	-0.73	-41.79	-34.52	-61.07
Total Assets	551.15	601.71	508.99	516.46	516.61
	6.88	5.08	116.87	116.87	117.24
Total Debt	333.09	473.83	418.65	472.66	486.42
	135.87	83.63	28.62	-102.60	-180.44
Adjusted Book Value	135.87	83.63	28.62	-102.60	-180.44

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	-32.44	-22.57	-8.32	-22.70	-34.78
Adjustment	38.98	72.39	57.64	57.02	64.24
Changes In working Capital	79.98	-103.36	74.92	-6.41	-13.07
Cash Flow after changes in Working Capital	86.52	-53.54	124.23	27.91	16.40
Cash Flow from Operating Activities	84.27	-54.58	120.50	27.03	15.85
Cash Flow from Investing Activities	-158.59	-73.22	-14.50	-40.00	2.19
Cash Flow from Financing Activitie	73.91	124.81	-106.55	17.67	-23.89
Net Cash Inflow / Outflow	-0.42	-2.99	-0.55	4.69	-5.84
Opening Cash & Cash Equivalents	11.49	10.94	7.55	7.00	11.69
Cash & Cash Equivalent of Subsidiaries under liquidations	-0.14	-0.40
Closing Cash & Cash Equivalent	10.94	7.55	7.00	11.69	5.85

Ratios

Valuation

-1.97

17.23

2.31

-85.21

-187.25

Profitability

0.00

3.23

-8.32

40.47

-64.65

Leverage & Liquidity

-5.99

0.30

0.28

Returns

0.00

0.13

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	75.00	75.00	74.97	74.89	74.89	74.89	74.87	74.87	74.87	74.87
	0.00	0.00	0.00	0.00	0.00					0.00
	25.00	25.00	25.03	25.11	25.11	25.11	25.13	25.13	25.13	25.13
	25.00	25.00	25.03	25.11	25.11	25.11	25.13	25.13	25.13	25.13
No. of Shareholders	2,580	2,486	2,809	2,798	2,717	2,690	2,926	2,824	2,702	2,577

Mutual Funds Invested

No mutual fund holds this stock in its latest portfolio.

Corporate Actions

Showing: All

Date	Type	Details
2026-10-28	Board Meeting	Quarterly Results
2026-10-14	Board Meeting	Raising of funds by way of Preferential Issue of Equity shares
2026-08-26	AGM

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)
2026-08-14	Avyan Pashupathy Capital Advisors Pvt Ltd	Inter-Se-Transfer	Sell	1,391,869
2026-08-14	Refex Holding Pvt Ltd	Inter-Se-Transfer	Buy	1,391,869

Sector Overview

InfrastructureEngineering - Construction

Refex Renewables & Infrastructure Ltd. operates in the Infrastructure sector under the Engineering - Construction industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

7 members across the board and senior leadership

Vinay Aggarwal

Company Secretary & Compliance Officer

—

Kalpesh Kumar

Managing Director

₹76.12 L

Mar '26

Anil Jain

Non Independent & Non Executive Director

—

Dinesh Kumar Agarwal

Non Independent & Non Executive Director

—

Jayanthi Talluri

Non Executive Independent Director

₹2.40 L

Mar '26

Pillappan Amalanathan

Non Executive Independent Director

₹1.90 L

Mar '26

Latha Venkatesh

Non Executive Independent Director

₹1.30 L

Mar '26

REFEXRENEW Latest News

News

5 of 5 articles

EQUITY6 Oct 2026 · 16:57

Refex Renewables & Infrastructure informs about updates

EQUITY7 Sept 2026 · 10:13

Refex Renewables touches the roof as its arm wins 80-MW wind power project in Andhra Pradesh

The SCSD for commissioning of the full capacity of the project shall be the date as on 24 months from the Effective Date of the PPA

EQUITY10 Aug 2026 · 14:09

Refex Renewables & Infrastructure informs about disclosure

COMPANY7 Aug 2026 · 09:28

Refex Renewables’ arm wins contract to set up 80 MW wind power project in Andhra Pradesh

The SCD for commissioning of the full capacity of the Project shall be the date as on 24 months from the Effective Date of the PPA

EQUITY21 May 2026 · 14:25

Refex Renewbl&Infra reports Profit after tax of Rs -28.60 Mln, in the March 2026 quarter

Refex Renewables & Infrastructure Ltd.

Stock Overview

Price chart

Peer Comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Valuation

Profitability

Leverage & Liquidity

Returns

Shareholding Pattern

Mutual Funds Invested

Corporate Actions

Insider Trading

Sector Overview

Company Profile

Key Management

REFEXRENEW Latest News

News