Refex Industries Limited Secures Major Domestic Order from NTPC Limited
On August 2, 2025, Refex Industries Limited announced that it has secured an order from NTPC Limited for transportation and unloading of pond ash. This one-year contract is extendable by six months at the discretion of NTPC’s Executive-in-Charge. The order size is approximately ₹50 Crore.
The contract awarded by NTPC Limited is a fully domestic transaction with no related party involvement. The scope specifically covers transportation and unloading services for pond ash, reinforcing companie’s presence in bulk logistics and environmental handling sectors.
Key Financials and Market Technicals
Key fundamentals of Refex Industries Limited reflect a market capitalization of Rs 5,399 crore with the current stock price at Rs 418. The 52-week high/low stands at Rs 600 / 241. The stock trades at a P/E ratio of 28.5 and has a book value of Rs 96.8 along with an EPS of Rs 14.7. Return on Capital Employed (ROCE) and Return on Equity (ROE) are robust at 25.3% and 22.0%, respectively. Dividend yield remains modest at 0.02%. The company exhibits a price-to-book value ratio of 4.32, with promoters holding 53.3%. Industry PE is notably higher at 65.5, and EV/EBITDA stands at 19.5. Market Cap to Sales ratio is 2.22, complemented with a three-year multibagger return of 154%.
Technical analysis on the daily timeframe shows an RSI (Relative Strength Index) value of 43.50, suggesting the stock is neither overbought nor oversold at present.
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I’m Shahid Shaikh, a software engineer who has observed and tracked the stock market for over ten years. Through my blog, I deliver daily news updates on market trends and financial headlines. I focus on informing readers—not giving investment advice—so the insights here are purely educational.