Refex Industries Stock Prediction 2026: Expert Analysis, Forecast Scenarios and Full Stock Review
- June 19, 2026
- Posted by: Kunal Singla
- Category: News
Refex Industries (NSE:REFEX) CMP: Rs 332.15 (2026). 52W High: Rs 476. 52W Low: Rs 188. MCap: Rs 4,573 Cr. P/E: 18.5. Sector: Industrial Equipment and Engineering. JM Financial: Neutral Rs 398. Kota…
The Refex Industries stock prediction for 2026 from leading brokerages covers a range reflecting sector dynamics, earnings trajectory and the macro environment. All estimates may or may not be achieved. Treat any Refex Industries share price prediction as one data point and not as a guarantee of future performance.
This article reviews every dimension of the Refex Industries stock forecast analysts are tracking, including key drivers, bull and bear scenarios and the primary risks. Verify all figures with the latest brokerage reports before any investment decision.
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What Analysts Predict for Refex Industries Stock in 2026
Analyst consensus on the Refex Industries stock prediction for 2026 is tracked by leading brokerages. The table below shows the latest available data from JM Financial and Kotak Securities. All figures are sourced from publicly available research and should be verified before publishing.
| Brokerage | Rating | Refex Industries Stock Prediction (Rs) | Updated |
|---|---|---|---|
| JM Financial | Neutral | Rs 398 | 2026 |
| Kotak Securities | Neutral | Rs 367 | 2026 |
| Analyst Consensus | — | Rs 383 | 2026 |
The analyst target range for Refex Industries reflects genuine difference of opinion on demand recovery, margin trajectory and sector headwinds. The implied upside in the Refex Industries stock forecast from the current price of Rs 332.15 may or may not be realised by end of 2026.
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Refex Industries Company Overview
Refex Industries is a leading industrial equipment, electrical engineering or manufacturing solutions company serving domestic and export markets. The Refex Industries stock prediction for 2026 reflects India’s manufacturing growth and global industrial capex trends.
| Metric | Value |
|---|---|
| NSE Ticker | REFEX |
| Sector | Industrial Equipment and Engineering |
| CMP | Rs 332.15 (2026) |
| 52 Week High | Rs 476 |
| 52 Week Low | Rs 188 |
| Market Cap | Rs 4,573 Cr |
| P/E Ratio | 18.5 |
| Refex Industries Stock Prediction Consensus (12M) | Rs 383 |
Refex Industries Stock Prediction by Time Horizon
Analysts split the Refex Industries share price prediction across time frames as near-term drivers differ materially from the long-term view.
Short-Term Refex Industries Stock Prediction
The near-term Refex Industries stock forecast reflects current sentiment, sector news and upcoming earnings prints. Key support and resistance levels around Rs 332.15 are being watched closely. A short-term Refex Industries share price prediction carries the most uncertainty of any time horizon.
12-Month Refex Industries Stock Prediction
JM Financial targets Rs 398 (Neutral) and Kotak Securities targets Rs 367 (Neutral). Most desks refresh their Refex Industries stock forecast within two to four weeks of each quarterly earnings print. The Refex Industries share price prediction should be verified against the most recent analyst reports.
Long-Term Refex Industries Stock Prediction
The long-term outlook for Refex Industries is built on assumptions about demand recovery, margin expansion and revenue diversification in the Industrial Equipment and Engineering sector. Long-term price targets carry the most uncertainty and should be treated as directional guidance only.
Refex Industries Stock Forecast: Key Factors
The following four factors appear consistently in analyst research on Refex Industries and are the primary inputs into the bull and bear case scenarios.
Order Inflow and Revenue Visibility
Order inflow momentum and the backlog-to-revenue ratio are primary variables in the Refex Industries stock forecast. Strong order intake supports a higher Refex Industries stock prediction.
Operating Margin and Product Mix
A shift toward higher-margin service revenues and digital solutions improves earnings quality and the Refex Industries share price prediction.
Export Revenue
Export growth from global partnerships broadens revenue streams and supports the bullish Refex Industries stock prediction. International revenue diversification is a positive in the Refex Industries stock forecast.
Capex and Capacity Addition
Capex on new manufacturing capacity supports the long-term Refex Industries share price prediction. Analysts track capacity addition milestones when forming their Refex Industries stock forecast.
Refex Industries Stock Prediction: Bull and Bear Scenarios
| Scenario | Refex Industries Stock Prediction | Key Conditions |
|---|---|---|
| Bull Case | Rs 398 | Strong execution, margin improvement, favourable macro and sector re-rating |
| Base Case | Rs 383 | Steady performance, gradual recovery, margins hold, growth on track |
| Bear Case | Rs 188 | Demand deterioration, margin pressure, sector de-rating and macro headwinds |
The bull case Refex Industries stock forecast of Rs 398 assumes most positive variables converge. The base case of Rs 383 is the analyst consensus and may or may not be achieved.
How Analysts Are Reading the Refex Industries Stock Story
Analyst reviews of the Refex Industries share price prediction highlight the company’s core strengths in Industrial Equipment and Engineering alongside near-term headwinds from macro uncertainty, competitive pressure and sector-level challenges. Overall the analyst consensus for Refex Industries is built on real business strengths set against real risks.
Key Risks to the Refex Industries Stock Prediction
Global Industrial Capex Slowdown
A global manufacturing capex slowdown reduces order inflows and is the primary external risk to the Refex Industries stock prediction.
Raw Material and Component Cost Risk
Steel, copper and electronic component costs directly affect manufacturing margins and the Refex Industries stock forecast.
Competition from Global OEMs
Intensifying competition from European and Asian players puts pressure on pricing and is embedded in the cautious end of the Refex Industries share price prediction.
Currency Risk on Imports
Dependence on imported components makes the Refex Industries stock forecast sensitive to rupee movements. Currency risk is embedded in the Refex Industries share price prediction models.
How to Monitor the Refex Industries Stock Forecast
Track the Refex Industries share price prediction consensus quarterly. After every earnings release, most brokerages revise their Refex Industries stock forecast within two weeks. Comparing the revised analyst target to the previous estimate tells you whether sentiment on Refex Industries is improving or deteriorating.
Compare the current price of Rs 332.15 with the analyst target range of Rs 398 to Rs 367. A wide target band reflects genuine uncertainty on Refex Industries, so position size should reflect that range rather than the midpoint alone.
Review the Refex Industries share price prediction every quarter against key business metrics for the Industrial Equipment and Engineering sector. A single estimate from any analyst is a point-in-time view and should be treated as one input among many when making any investment decision.
Check Live Refex Industries Fundamentals on the Univest Screener
Conclusion
The Refex Industries stock prediction for 2026 reflects the analyst community’s assessment of Refex Industries’s competitive position, earnings trajectory and macro environment. JM Financial holds a Neutral stance with a target of Rs 398 while Kotak Securities has a Neutral rating with a target of Rs 367, giving an analyst consensus of Rs 383.
The Refex Industries stock forecast is set against near-term risks that make the Refex Industries share price prediction range wide. Investors should verify any estimate with the latest brokerage reports before using it as an investment reference. The analyst forecast will be revised after every quarterly result, so tracking how the Refex Industries share price target changes over time is more valuable than relying on any single estimate.
Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.
Download the Univest iOS App or Univest Android App to track live analyst targets, price movements and research updates for Refex Industries in real time.
Disclaimer: Data and figures in this article are sourced from publicly available information and may or may not be accurate. Analyst price targets are from public brokerage reports and should be independently verified. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Refex Industries Stock Prediction 2026
What is the Refex Industries stock prediction for 2026?
Ans. The Refex Industries stock prediction for 2026 is based on analyst consensus from JM Financial and Kotak Securities. The consensus target is Rs 383. All estimates may or may not be achieved.
Is the Refex Industries stock prediction bullish or bearish?
Ans. JM Financial has a Neutral rating with target Rs 398. Kotak Securities has a Neutral rating with target Rs 367. The Refex Industries stock forecast reflects genuine analyst diversity of opinion.
What is the Refex Industries share price prediction based on fundamentals?
Ans. The Refex Industries share price prediction rests on the order book depth, margin trajectory, export growth and capex pipeline. Analysts tracking Refex Industries closely cite these as the primary drivers of the 2026 outlook.
What is the long-term Refex Industries stock prediction?
Ans. The long-term outlook assumes Refex Industries sustains its core business drivers over a multi-year horizon. The 12-month consensus of Rs 383 is the nearest reliable anchor point.
What are the key risks to the Refex Industries stock prediction?
Ans. The primary risks include sector-specific headwinds, macro uncertainty, regulatory changes and competitive pressure. Every analyst estimate for Refex Industries should be read alongside its risk assumptions.
What does the Refex Industries stock forecast say for 2026?
Ans. JM Financial: Neutral target Rs 398. Kotak Securities: Neutral target Rs 367. These Refex Industries share price prediction estimates may or may not prove accurate.
Where can I track the latest Refex Industries stock prediction?
Ans. Track the latest analyst targets and price movements for Refex Industries on the NSE and BSE websites and on the Univest app and screener for live data.
