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16,000% Return In ₹3 Share; Now Expert Said Share Will Touch ₹722 And ₹812

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Refex Industries Ltd (NSE: REFEX) share: Investors who place the right bets on stocks can definitely make money. However, making a mistake could result in bankruptcy. 

However, investors who placed bets on shares of Refex Industries, an industrial company for gas, Refex Industries have made huge profits.

Returns Up To 16000 Percent 

This stock has delivered incredible yields of up to 16000 percent over the last 10 years. 

The price of the shares has increased by 9 percent over the last month, and nearly 29 percent over the past three months. 

Quantitatively the investor would have invested in the shares 10 years ago and kept that investment, it would be about 16 lakh. 

The last trading price of this share was 680.55. On Friday, the share was down 0.23 percent. However since 2013, the share was classified as the penny stock, and its value was around 3 rupees.

Company Information

Refex Industries is a specialist manufacturer and re-filler of refrigerant gas in India. 

Promoters own a 53.27 percent stake in the company, while shareholders of the public hold the remaining 46.73 percent. 

Based on the pattern of shares held mutual funds and foreign investors don’t hold any stake. 

In the September quarter’s results, the revenue from operations fell 8 percent year-on-year to reach Rs 352 crore. 

At the same time income after taxes rose only a little up to 21.43 crore.

What Do Experts Think?

A market expert declared that the stock has outperformed benchmark indexes. 

The stock could rise to around Rs 722 to around Rs 812. In this case an investment, an initial stop loss of 644 rupees is suggested. 

A market Research Analyst said that the breakout rate of this stock is about Rs 750. Every fall can be a buying chance at the target of Rs 750 mark.

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₹ 1,507 Cr.
Current Price₹ 680.55
52-wk High₹ 924
52-wk Low₹ 219.95
Stock P/E12.62
Book Value₹ 161
Dividend0.29 %
ROCE48.0 %
ROE46.6 %
Face Value₹ 10.0
P/B Value4.24
OPM10.7 %
EPS₹ 55.3
Debt₹ 139 Cr.
Debt to Equity0.39

Refex Industries Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 715₹ 795
2025₹ 815₹ 915
2026₹ 1100₹ 1142
2027₹ 1200₹ 1270
2028₹ 1300₹ 1340
2029₹ 1400₹ 1542
2030₹ 1600₹ 1630
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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 202247.30%
Mar 202347.23%
June 202346.47%
Sept 202346.17%
Dec 202346.53%

Refex Industries Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of 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₹ 1,742 Cr

Last 5 Years’ Net Profit:

2019₹ 32 Cr
2020₹ 33 Cr
2021₹ 41 Cr
2022₹ 45 Cr
2023₹ 122 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:102%

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:97%

Conclusion

This article is a complete guide about Refex Industries Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

If you like this information, share the article with as many people as possible.

Also Read: 12th February Dividend Date; ₹576 and ₹612 Share Price Target For This Share

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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