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HomeSHARE MARKET₹693 Share Now Only ₹145; Can This Share Again Cross ₹693? Today...

₹693 Share Now Only ₹145; Can This Share Again Cross ₹693? Today Upper Circuit Hit

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Stock Split 2024: There’s good news for investors in the stock market. Refex Industries Ltd (NSE: REFEX) is trading ex-split on the stock exchange today.

Divide the shares of a company into five parts. Let us tell you, on Thursday, the price of the company’s shares closed at the level of Rs 693.90 with a rise of 4.67 percent in BSE. On Friday share hit an upper circuit and rise by 424.85% and closed at Rs 145.75.

Record Date Today

The company had said in the information given to the stock exchanges that a share with a face value of Rs 10 will be divided into 5 parts. 

The face value of each share will be reduced to Rs 2 after this stock split. Let us tell you, the record for this stock split has been fixed as 22 March 2024. Which is today.

The Company Has Paid Dividends 7 Times

The company currently traded as an ex-dividend stock due in March 2024. The company then paid a dividend to eligible investors of Rs 0.50.

Before that, the company had done an ex-dividend trade in September 2023. Then eligible investors got a profit of Rs 2 on 1 share. Let us tell you, Refex Industries has given dividends to investors 7 times since 2008.

Money Doubled In 1 Year

In the past year, the company’s stock prices have increased by 187 percent. However, in the last 6 months, positional investors have made a profit of only 6 percent. 

The good thing from investors’ point of view is that there has been a 13 percent jump in the shares of Refex Industries in the last month.

The 52-week high share price of the company was Rs 924. The 52-week low level is Rs 219.95 per share. The company’s market capitalization is Rs 307.32 crore.

About Refex Industries Ltd Company 

Refex Industries Limited (RIL) is an Indian-based expert manufacturer and recycler of refrigerant gas. 

Its segments include Trading in coals as well as the Ash Handling business; Refrigerant gases; Solar Power, Generation, and Related Activities; power trading, sales of services, and other segments. 

It supplies automotive air conditioning gases in aerosol propellants, disposable cans, blowing agents, Hydrofluorocarbons used in air conditioners, HFC products, Chloro-fluoro-carbons, handling and disposal of fly ash, and many more. 

The total operating revenue is 1629.15 crores while its equity capital is 22.11 crores.

Fundamental Analysis of Refex Industries Ltd 

Market Cap₹ 1,614 Cr.
Current Price₹ 145.75
52-wk High₹ 185
52-wk Low44.0
Stock P/E13.9
Book Value₹ 32.1
Dividend0.27 %
ROCE48.0 %
ROE46.6 %
Face Value₹ 2.00
P/B Value4.54
OPM10.8 %
EPS₹ 10.5
Debt₹ 139 Cr.
Debt to Equity0.39

Refex Industries Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹150₹195
2025₹215₹245
2026₹254₹300
2027₹322₹400
2028₹412₹440
2029₹451₹494
2030₹500₹560
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Refex Industries Ltd Shareholding Pattern

Promoters Holding
Dec 202252.70%
Mar 202352.70%
June 202352.70%
Sept 202353.33%
Dec 202353.27%
FII Holding
Dec 20220.00%
Mar 20230.07%
June 20230.68%
Sept 20230.41%
Dec 20230.20%
DII Holding
Dec 20220.00%
Mar 20230.00%
June 20230.15%
Sept 20230.10%
Dec 20230.00%
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Public Holding
Dec 202246.30%
Mar 202346.23%
June 202346.47%
Sept 202346.17%
Dec 202346.53%

Refex Industries Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 461 Cr
2020₹ 661 Cr
2021₹ 633 Cr
2022₹ 444 Cr
2023₹ 1,663 Cr

Last 5 Years’ Net Profit:

2019₹ 32 Cr
2020₹ 33 Cr
2021₹ 41 Cr
2022₹ 45 Cr
2023₹ 116 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190
20200.02
20210
20220.08
20230.26

Last 10 Years’ Profit Growth:

10 Years:29%
5 Years:160%
3 Years:46%
Current Year:45%

Last 10 years’ Return on Equity (ROE):

10 Years:43%
5 Years:43%
3 Years:37%
Last Year:47%

Sales Growth Over 10 Years:

10 Years:58%
5 Years:84%
3 Years:35%
Current Year:41%

Conclusion

This article is a complete guide about Refex Industries Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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