Refex Industries Limited

REFEX NSE Commodities Industrial Gases
Microcap 250
₹273.50
+1.32%
Delayed · cached 15 min

Fair value analysis

REFEX
Refex Industries Limited
CommoditiesIndustrial Gases
₹269.95
Close used for this calculation
₹357.59Fair value
Financial DNA Score
Profitability · Returns · Balance Sheet · Efficiency · Growth
63/100
Profitability15/25
Returns14/25
Balance Sheet19/25
Efficiency15/25
Growth14/25
Good
Quality radar
63Prof.15/25Ret.14/25Eff.15/25B.Sht19/25Growth14/25

Consensus fair value

₹357.59
Below FV
▲ +32.5% against the close used
Model range ₹67.09 – ₹700.99
The lowest and highest of the models that produced a value. This is the spread of the methods, not a price target.

Price target range & 52-week position

Bear₹67.09Fair value₹357.59Bull₹700.99
FairClose
52-week traded range
52W low ₹189.1152W high ₹400.45

The 52-week range is measured from the stored price history, not estimated.

Valuation summary

Trading below the consensus fair value

Refex Industries Limited closed at ₹269.95, 24.5% below the consensus fair value of ₹357.59 drawn from 9 valuation models.

Financial DNA score 63/100 — Good. P/E of 13.2x against the 20x sector multiple the P/E model uses.

Quantitative summary only — not investment advice.

All valuation models

DCF Valuation
₹67.09
-75.1%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=9%, r=10%, tg=3%, n=10yr
Graham Number
₹224.88
-16.7%
√(22.5 × EPS × BVPS)
EPS=14.82, BVPS=151.66 · outside Graham range (P/E 13.2, P/B 1.8) — asset-light, treat as a rough floor
Graham Formula
₹452.75
+67.7%
EPS × (8.5 + 2g) × 6.5 ÷ FD_Rate
g=12.2%, FD=7%
P/E Fair Value
₹700.99
+159.7%
EPS × 47.3x (sector P/E)
EPS=14.82, Sector P/E=47.3x
Peter Lynch (PEG)
₹180.80
-33.0%
EPS × Growth% (PEG = 1 is fair)
EPS=14.82, g=12.2%
EV/EBITDA
₹426.08
+57.8%
(EBITDA × 16.1x − Net Debt) ÷ Shares
EBITDA=3.82B
Book Value (P/B)
₹447.39
+65.7%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=151.66, ROE=17.8%, g=6%, r=10%
Reverse DCF
₹269.95
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: 5.9% | Historical: 12.2%
Margin of Safety
₹271.07
+0.4%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=361.43, MoS=25%

Computed on September 12, 2026 from the most recent annual report on file and that day's closing price. Where a company has seen its earnings move sharply since its last annual report, this figure will lag the market.

Educational data only. Not a recommendation to buy, sell or hold any security.

Educational data only. Not a recommendation to buy, sell or hold any security.