{"id":169407,"date":"2026-07-27T10:11:05","date_gmt":"2026-07-27T04:41:05","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=169407"},"modified":"2026-07-27T10:11:07","modified_gmt":"2026-07-27T04:41:07","slug":"refex-industries-share-price-forecast-next-3-years","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/refex-industries-share-price-forecast-next-3-years\/","title":{"rendered":"Where Will Refex Industries Share Price Be in the Next 3 Years?"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Refex Industries share price Rs 314. 52W high Rs 454, low Rs 188. Market cap Rs 4,307 Cr. 2030 scenario range Rs 375 to Rs 610.<\/em><\/p>\n<p>The Refex Industries share price forecast for the next 3 years is a question on many investors&#8217; minds as the stock trades at Rs 314, within a 52 week range of Rs 188 to Rs 454. This article lays out a scenario based Refex Industries share price outlook for 2027, 2028 and 2030, built on the company&#8217;s fundamentals, sector trends and the key risks that could change the trajectory. Rather than a single number, the focus here is on the range of outcomes and the assumptions behind each one.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=refex-industries-forecast-3yr\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/refex-industries-share-price-forecast-next-3-years\/#Refex_Industries_Company_Overview\" title=\"Refex Industries Company Overview\">Refex Industries Company Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/refex-industries-share-price-forecast-next-3-years\/#Where_Does_Refex_Industries_Share_Price_Stand_Today\" title=\"Where Does Refex Industries Share Price Stand Today?\">Where Does Refex Industries Share Price Stand Today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/refex-industries-share-price-forecast-next-3-years\/#Refex_Industries_Share_Price_Forecast_Key_Growth_Drivers_for_the_Next_3_Years\" title=\"Refex Industries Share Price Forecast: Key Growth Drivers for the Next 3 Years\">Refex Industries Share Price Forecast: Key Growth Drivers for the Next 3 Years<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/refex-industries-share-price-forecast-next-3-years\/#Earnings_Trajectory_and_Return_Ratios\" title=\"Earnings Trajectory and Return Ratios\">Earnings Trajectory and Return Ratios<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/refex-industries-share-price-forecast-next-3-years\/#Specialty_Chemicals_and_China_Plus_One_Tailwinds\" title=\"Specialty Chemicals and China Plus One Tailwinds\">Specialty Chemicals and China Plus One Tailwinds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/refex-industries-share-price-forecast-next-3-years\/#Company_Specific_Catalysts\" title=\"Company Specific Catalysts\">Company Specific Catalysts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/refex-industries-share-price-forecast-next-3-years\/#Macro_Environment_and_Liquidity\" title=\"Macro Environment and Liquidity\">Macro Environment and Liquidity<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/refex-industries-share-price-forecast-next-3-years\/#Refex_Industries_Share_Price_Forecast_2027_2028_and_2030_Scenario_Analysis\" title=\"Refex Industries Share Price Forecast 2027, 2028 and 2030: Scenario Analysis\">Refex Industries Share Price Forecast 2027, 2028 and 2030: Scenario Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/refex-industries-share-price-forecast-next-3-years\/#Bull_Case_vs_Bear_Case_for_Refex_Industries_Share_Price\" title=\"Bull Case vs Bear Case for Refex Industries Share Price\">Bull Case vs Bear Case for Refex Industries Share Price<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/refex-industries-share-price-forecast-next-3-years\/#The_Bull_Case\" title=\"The Bull Case\">The Bull Case<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/refex-industries-share-price-forecast-next-3-years\/#The_Bear_Case\" title=\"The Bear Case\">The Bear Case<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/refex-industries-share-price-forecast-next-3-years\/#Key_Risks_That_Could_Change_the_Refex_Industries_Share_Price_Outlook\" title=\"Key Risks That Could Change the Refex Industries Share Price Outlook\">Key Risks That Could Change the Refex Industries Share Price Outlook<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/refex-industries-share-price-forecast-next-3-years\/#Is_Refex_Industries_Worth_Watching_for_the_Long_Term\" title=\"Is Refex Industries Worth Watching for the Long Term?\">Is Refex Industries Worth Watching for the Long Term?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/refex-industries-share-price-forecast-next-3-years\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/refex-industries-share-price-forecast-next-3-years\/#What_is_the_Refex_Industries_share_price_forecast_for_the_next_3_years\" title=\"What is the Refex Industries share price forecast for the next 3 years?\">What is the Refex Industries share price forecast for the next 3 years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/refex-industries-share-price-forecast-next-3-years\/#What_is_the_Refex_Industries_share_price_forecast_for_2027\" title=\"What is the Refex Industries share price forecast for 2027?\">What is the Refex Industries share price forecast for 2027?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/refex-industries-share-price-forecast-next-3-years\/#What_is_the_Refex_Industries_share_price_forecast_for_2028\" title=\"What is the Refex Industries share price forecast for 2028?\">What is the Refex Industries share price forecast for 2028?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/refex-industries-share-price-forecast-next-3-years\/#What_is_the_current_share_price_of_Refex_Industries\" title=\"What is the current share price of Refex Industries?\">What is the current share price of Refex Industries?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/refex-industries-share-price-forecast-next-3-years\/#Is_Refex_Industries_a_good_stock_for_the_long_term\" title=\"Is Refex Industries a good stock for the long term?\">Is Refex Industries a good stock for the long term?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/refex-industries-share-price-forecast-next-3-years\/#What_is_the_Refex_Industries_share_price_outlook_for_2030\" title=\"What is the Refex Industries share price outlook for 2030?\">What is the Refex Industries share price outlook for 2030?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/refex-industries-share-price-forecast-next-3-years\/#What_are_the_key_risks_to_the_Refex_Industries_share_price_forecast\" title=\"What are the key risks to the Refex Industries share price forecast?\">What are the key risks to the Refex Industries share price forecast?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Refex_Industries_Company_Overview\"><\/span><strong>Refex Industries Company Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Refex Industries manufactures refrigerant gases, fly ash handling systems and provides logistics services for the energy and chemical industries, with a growing renewable energy asset portfolio. Understanding the business model is the first step in framing any credible Refex Industries share price forecast, because the durability of earnings ultimately decides where the stock trades.<\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Company<\/strong><\/td>\n<td><a href=\"https:\/\/univest.in\/stocks\/refex\/refex-industries-ltd-share-price-today\">Refex Industries<\/a><\/td>\n<\/tr>\n<tr>\n<td><strong>NSE Ticker<\/strong><\/td>\n<td>REFEX<\/td>\n<\/tr>\n<tr>\n<td><strong>CMP<\/strong><\/td>\n<td>Rs 314<\/td>\n<\/tr>\n<tr>\n<td><strong>52 Week High<\/strong><\/td>\n<td>Rs 454<\/td>\n<\/tr>\n<tr>\n<td><strong>52 Week Low<\/strong><\/td>\n<td>Rs 188<\/td>\n<\/tr>\n<tr>\n<td><strong>Market Cap<\/strong><\/td>\n<td>Rs 4,307 Cr<\/td>\n<\/tr>\n<tr>\n<td><strong>Stock PE<\/strong><\/td>\n<td>17.8<\/td>\n<\/tr>\n<tr>\n<td><strong>Book Value<\/strong><\/td>\n<td>Rs 110<\/td>\n<\/tr>\n<tr>\n<td><strong>ROE<\/strong><\/td>\n<td>17.8%<\/td>\n<\/tr>\n<tr>\n<td><strong>ROCE<\/strong><\/td>\n<td>22.7%<\/td>\n<\/tr>\n<tr>\n<td><strong>Dividend Yield<\/strong><\/td>\n<td>0.48%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Where_Does_Refex_Industries_Share_Price_Stand_Today\"><\/span><strong>Where Does Refex Industries Share Price Stand Today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The stock currently trades about 31 percent below its 52 week high of Rs 454, which means the market has already tempered some of its optimism. For anyone building a Refex Industries share price forecast, this correction matters for the Refex Industries share price forecast starting point, because entry valuations have a large bearing on 3 year returns.<\/p>\n<p>At the current price, Refex Industries commands a market capitalisation of Rs 4,307 Cr and trades at a price to earnings multiple of 17.8. The company generates a return on equity of 17.8% and a return on capital employed of 22.7%, which places it in the category of businesses with moderate return ratios. These numbers anchor the Refex Industries share price forecast scenarios that follow. How the broader <a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a> index trades over this period will also influence the multiple investors are willing to assign to the stock.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Refex_Industries_Share_Price_Forecast_Key_Growth_Drivers_for_the_Next_3_Years\"><\/span><strong>Refex Industries Share Price Forecast: Key Growth Drivers for the Next 3 Years<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Four forces are likely to shape the Refex Industries share price forecast between now and 2030, and together they explain most of the dispersion in this Refex Industries share price forecast. Each is discussed below with its likely direction of impact.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Earnings_Trajectory_and_Return_Ratios\"><\/span><strong>Earnings Trajectory and Return Ratios<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Stock prices ultimately follow earnings. With moderate return ratios at present, the pace at which profits compound over FY27 to FY30 will be the single biggest determinant of the Refex Industries share price forecast actually playing out. Consistent earnings delivery tends to expand valuation multiples, while misses compress them quickly.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Specialty_Chemicals_and_China_Plus_One_Tailwinds\"><\/span><strong>Specialty Chemicals and China Plus One Tailwinds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Global supply chain diversification and domestic demand growth continue to support Indian specialty chemicals. Innovators like Refex Industries with process chemistry advantages can defend margins better through pricing cycles.<\/p>\n<p>Within the space, investors often benchmark Refex Industries against peers such as <a href=\"https:\/\/univest.in\/stocks\/panamapet\/panama-petrochem-ltd-share-price-today\">Panama Petrochem<\/a>, <a href=\"https:\/\/univest.in\/stocks\/oal\/oriental-aromatics-ltd-share-price-today\">Oriental Aromatics<\/a> and <a href=\"https:\/\/univest.in\/stocks\/confipet\/confidence-petroleum-india-ltd-share-price-today\">Confidence Petroleum India<\/a> on growth and valuations before forming a view on the Refex Industries share price forecast.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Company_Specific_Catalysts\"><\/span><strong>Company Specific Catalysts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The bull case for Refex Industries rests on rising demand for refrigerant gases and fly ash handling, and value from its renewable energy investments. If these play out on schedule, the Refex Industries share price forecast for 2030 could gravitate toward the upper end of the scenario range discussed below.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Macro_Environment_and_Liquidity\"><\/span><strong>Macro Environment and Liquidity<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The RBI rate cycle, FII flows into Indian equities and overall market valuations will influence the multiple investors are willing to pay. A benign macro backdrop supports the optimistic end of any Refex Industries share price forecast, while global risk aversion would do the opposite to the Refex Industries share price outlook.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Refex_Industries_Share_Price_Forecast_2027_2028_and_2030_Scenario_Analysis\"><\/span><strong>Refex Industries Share Price Forecast 2027, 2028 and 2030: Scenario Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below presents a scenario based Refex Industries share price forecast using compounded annual growth assumptions applied to the current market price of Rs 314. These are illustrative ranges, not point predictions, and actual outcomes can fall outside them.<\/p>\n<table>\n<thead>\n<tr>\n<th>Year<\/th>\n<th>Bear Case<\/th>\n<th>Base Case<\/th>\n<th>Bull Case<\/th>\n<th>Assumption<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>2027<\/td>\n<td>Rs 335<\/td>\n<td>Rs 360<\/td>\n<td>Rs 390<\/td>\n<td>4% to 16% CAGR on CMP<\/td>\n<\/tr>\n<tr>\n<td>2028<\/td>\n<td>Rs 345<\/td>\n<td>Rs 400<\/td>\n<td>Rs 455<\/td>\n<td>4% to 16% CAGR on CMP<\/td>\n<\/tr>\n<tr>\n<td>2030<\/td>\n<td>Rs 375<\/td>\n<td>Rs 480<\/td>\n<td>Rs 610<\/td>\n<td>4% to 16% CAGR on CMP<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>In the base case scenario of this Refex Industries share price forecast, the 2030 level works out to roughly Rs 480, implying steady compounding from today&#8217;s levels. The bull case of Rs 610 assumes rising demand for refrigerant gases and fly ash handling delivers ahead of expectations, while the bear case of Rs 375 captures a scenario where growth stalls. That is an outcome band of about 19 percent to 94 percent over the period.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/sebi-registered-investment-advisor-india\"><strong>Consult a SEBI Registered Investment Advisor Before Acting on Any Forecast<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bull_Case_vs_Bear_Case_for_Refex_Industries_Share_Price\"><\/span><strong>Bull Case vs Bear Case for Refex Industries Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"The_Bull_Case\"><\/span><strong>The Bull Case<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The optimistic Refex Industries share price forecast assumes rising demand for refrigerant gases and fly ash handling, and value from its renewable energy investments. Combined with supportive sector conditions, this could lift both earnings and the valuation multiple, pushing the stock toward Rs 610 by 2030.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Bear_Case\"><\/span><strong>The Bear Case<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The cautious view centres on the fact that input feedstock cost volatility in refrigerant gases and project based revenue in fly ash handling create lumpy performance. If these pressures dominate, the Refex Industries share price forecast would skew toward the lower band and the stock could stagnate near Rs 375 even by 2030, underperforming broader indices.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_That_Could_Change_the_Refex_Industries_Share_Price_Outlook\"><\/span><strong>Key Risks That Could Change the Refex Industries Share Price Outlook<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Execution risk:<\/strong> Delays in strategy execution or capacity plans would push the earnings trajectory below the base case assumed in this Refex Industries share price forecast.<\/li>\n<li><strong>Valuation risk:<\/strong> At a PE of 17.8, any earnings disappointment can trigger sharp multiple compression before fundamentals stabilise.<\/li>\n<li><strong>Sector risk:<\/strong> Input feedstock cost volatility in refrigerant gases and project based revenue in fly ash handling create lumpy performance.<\/li>\n<li><strong>Macro risk:<\/strong> A global slowdown, adverse FII flows or unexpected rate moves would compress equity valuations across the market.<\/li>\n<li><strong>Regulatory risk:<\/strong> Policy, tax or compliance changes affecting the sector can alter the earnings outlook with little warning.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Is_Refex_Industries_Worth_Watching_for_the_Long_Term\"><\/span><strong>Is Refex Industries Worth Watching for the Long Term?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For long term investors, the relevant question is not just where the Refex Industries share price forecast lands in 2030 or what any single Refex Industries share price forecast says today, but whether the business can compound capital through cycles. The company&#8217;s positioning around rising demand for refrigerant gases and fly ash handling gives it a credible growth story, while the risks outlined above define what must be monitored each quarter.<\/p>\n<p>Investors should track quarterly earnings, management commentary and sector data rather than anchoring to any single number from a Refex Industries share price outlook. Historically, staying focused on business fundamentals has served investors better than chasing price targets, and consulting a SEBI registered advisor before investing remains the prudent approach.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Refex Industries share price live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Refex Industries share price forecast for the next 3 years spans Rs 375 to Rs 610 by 2030 under the scenarios discussed, with a base case near Rs 480. Any credible Refex Industries share price forecast must be updated as facts change, and the path will be decided by earnings delivery, rising demand for refrigerant gases and fly ash handling and the broader market environment. Treat these ranges as a framework for thinking, not a promise of outcomes, and revisit the assumptions as new results come in. Consult a SEBI registered investment advisor before making any investment decision.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> 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).<\/p>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Refex_Industries_share_price_forecast_for_the_next_3_years\"><\/span><strong>What is the Refex Industries share price forecast for the next 3 years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Refex Industries share price forecast for the next 3 years is scenario based rather than a single number. By 2030, the illustrative range spans Rs 375 in the bear case to Rs 610 in the bull case, with a base case near Rs 480, depending on earnings delivery and market conditions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Refex_Industries_share_price_forecast_for_2027\"><\/span><strong>What is the Refex Industries share price forecast for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> For 2027, the scenario range works out to Rs 335 to Rs 390, with a base case around Rs 360. This assumes compounding on the current price of Rs 314 and is illustrative, not a guaranteed outcome.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Refex_Industries_share_price_forecast_for_2028\"><\/span><strong>What is the Refex Industries share price forecast for 2028?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The 2028 scenario range is Rs 345 to Rs 455, with the base case near Rs 400. Actual levels will depend on earnings growth, sector trends and overall market valuations at the time.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_current_share_price_of_Refex_Industries\"><\/span><strong>What is the current share price of Refex Industries?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Refex Industries currently trades at around Rs 314 on the NSE, within a 52 week range of Rs 188 to Rs 454. Prices change continuously during market hours, so check live quotes before acting.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Refex_Industries_a_good_stock_for_the_long_term\"><\/span><strong>Is Refex Industries a good stock for the long term?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Refex Industries has a credible long term story built on rising demand for refrigerant gases and fly ash handling, but it also carries risks since input feedstock cost volatility in refrigerant gases and project based revenue in fly ash handling create lumpy performance. Long term suitability depends on your risk profile and portfolio, so consult a SEBI registered investment advisor before investing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Refex_Industries_share_price_outlook_for_2030\"><\/span><strong>What is the Refex Industries share price outlook for 2030?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Refex Industries share price outlook for 2030 spans Rs 375 to Rs 610 across bear and bull scenarios. Where the stock actually lands will be driven by profit growth, valuation multiples and macro conditions closer to that date.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_key_risks_to_the_Refex_Industries_share_price_forecast\"><\/span><strong>What are the key risks to the Refex Industries share price forecast?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are execution delays, valuation compression from the current PE of 17.8, sector specific pressures, macro shocks and regulatory changes. Any of these can push the stock below the base case scenario discussed in this article.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Refex Industries share price forecast for the next 3 years points to a scenario range of Rs 375 to Rs 610 by 2030, driven by rising demand for refrigerant gases and fly ash handling and sector tailwinds.<\/p>\n","protected":false},"author":34,"featured_media":169808,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[3802],"class_list":["post-169407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1785127269:28"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["842"],"rank_math_seo_score":["76"],"rank_math_title":["Refex Industries Share Price Forecast: 3 Year Outlook to 2030"],"rank_math_description":["Where will Refex Industries share price be in the next 3 years? 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