Is Refex Industries the Best Stock in Its Sector? A Look at the Numbers
- October 6, 2026
- Posted by: Chaitanya Auti
- Category: Market
Refex Industries CMP Rs 264 (06 Oct 2026). Market cap Rs 3,733 Cr. ROE 16.09%. P/E 15.06x versus Industry P/E 54.91x.
Quick Answer
Refex Industries is one of the names investors compare when screening the Miscellaneous sector, built on a 16.09% return on equity and a P/E of 15.06x against an Industry P/E of 54.91x. Whether Refex Industries is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Miscellaneous sector peers, so you can judge that for yourself.
Is Refex Industries the best stock in its sector? The stock trades on the NSE at Rs 264 as of 06 October 2026, within its 52-week range of Rs 188.00 to Rs 382.40. Refex Industries Ltd, based in Chennai, supplies refrigerant gases, handles ash for power plants, trades coal and has interests in electric vehicle mobility.
Refex Industries sits in the Miscellaneous sector, and its 16.09% ROE and 15.06x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
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About Refex Industries
Refex Industries Ltd, based in Chennai, supplies refrigerant gases, handles ash for power plants, trades coal and has interests in electric vehicle mobility. The stock fell about 2.5 percent during this session and is trading about 31 percent below its 52-week high, and the P/E shown reflects the previous close. At a market capitalisation of Rs 3,733 Cr, it is tracked as part of the Miscellaneous sector on Univest.
Is Refex Industries the Best Stock in Its Sector?
Refex Industries makes its case as the best stock in its sector primarily on return on equity and balance sheet strength, combining a 16.09% ROE with a 15.06x P/E against the sector’s 54.91x Industry P/E. Refex Industries’ 15.06x P/E is far below the 54.91x Industry P/E despite a strong 16.09% ROE, though the benchmark is skewed by richer names and the stock fell about 2.5 percent today and sits about 31 percent below its 52-week high.
| Metric | Refex Industries |
|---|---|
| CMP (NSE) | Rs 264.40 |
| 52-Week High / Low | Rs 382.40 / Rs 188.00 |
| Market Cap | Rs 3,733 Cr |
| P/E (TTM) vs Industry P/E | 15.06x vs 54.91x |
| P/B | 2.74 |
| ROE | 16.09% |
| EPS (TTM) | Rs 18.06 |
| Dividend Yield | 0.37% |
| Debt to Equity | 0.15 |
Compare Refex Industries Against Other Miscellaneous Sector Stocks
How Refex Industries Compares Against Its Miscellaneous Sector Peers
The table below sets Refex Industries against 2 other Miscellaneous sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Refex Industries | 3,733 | 15.06 | 16.09% | 0.15 |
| Race Eco Chain | 188 | 23.69 | 9.13% | 1.21 |
| Oricon Enterprises | 772 | 26.70 | 1.34% | 0.00 |
| Peer average (2 companies) | – | 25.20 | 5.24% | 0.60 |
Against this peer set, Refex Industries’s 16.09% ROE is above the 5.24% peer average, and its P/E of 15.06x runs below the peer average of 25.20x. Refex Industries’ 15.06x P/E is far below the 54.91x Industry P/E despite a strong 16.09% ROE, though the benchmark is skewed by richer names and the stock fell about 2.5 percent today and sits about 31 percent below its 52-week high.
What Makes Refex Industries Worth Watching in Miscellaneous
- Strong ROE, low leverage: A 16.09% ROE alongside a debt to equity ratio of 0.15 reflects an efficient, well-capitalised business.
- Well below Industry P/E: A 15.06x P/E against a 54.91x Industry P/E is a wide discount, though that benchmark is skewed by richer names.
- Diversified, trading-heavy mix: Combining refrigerant gas supply, ash handling and coal trading gives Refex Industries several revenue streams, though trading income carries thin margins.
Refex Industries Valuation: Is It Justified?
Refex Industries’ 15.06x P/E is far below the 54.91x Industry P/E despite a strong 16.09% ROE, though the benchmark is skewed by richer names and the stock fell about 2.5 percent today and sits about 31 percent below its 52-week high. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
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Download the Univest iOS App or Univest Android App to track Refex Industries and other Miscellaneous sector stocks.
How to Track Refex Industries Before You Invest
Before deciding whether Refex Industries deserves its label as the best stock in its sector for your own portfolio, compare it directly against Miscellaneous sector peers using the steps below.
- Open the Univest Screener and search for Refex Industries to view live price, valuation ratios, and peer comparisons within the Miscellaneous sector.
- Compare its P/E, P/B, and ROE against other Miscellaneous sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Refex Industries earns a place in the best stock in its sector conversation on the strength of a 16.09% ROE and a P/E of 15.06x against a 54.91x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. 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).
Is Refex Industries the best stock in its sector?
Ans. Refex Industries has a 16.09% ROE and trades at 15.06x P/E against a 54.91x Industry P/E, and compares above the peer average ROE of 5.24% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of Refex Industries?
Ans. Refex Industries was trading at Rs 264.40 on the NSE as of 06 October 2026, within its 52-week range of Rs 188.00 to Rs 382.40.
What sector does Refex Industries belong to?
Ans. Refex Industries is classified under the Miscellaneous sector on Univest.
How does Refex Industries compare to its sector peers on P/E?
Ans. Refex Industries’s P/E of 15.06x is below the 25.20x average of the 2 named peers compared in this article.
What is Refex Industries’s return on equity?
Ans. Refex Industries reported a return on equity of 16.09%, which is above the 5.24% average of its named peers in this comparison.
Should I invest in Refex Industries based on its sector position?
Ans. Refex Industries’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
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