Refex Industries (NSE:REFEX) Book Value per Share: ₹109.63 (As of Mar. 2026)


NSE:REFEX Refex Industries Ltd NSE:REFEX
85 GF Score
Price ₹364.45
GF Value ₹293.58
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Refex Industries Book Value per Share?

Refex Industries NSE:REFEX +1.99% 85 Book Value per Share is ₹109.63 as of Mar. 2026. GuruFocus rates NSE:REFEX with a GF Score™ of 85/100 and a GF Value™ of ₹293.58 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Refex Industries's book value per share for the quarter that ended in Mar. 2026 was ₹109.63.

During the past 12 months, Refex Industries's average Book Value Per Share Growth Rate was 16.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 56.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 57.70% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 63.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Refex Industries was 269.90% per year. The lowest was -67.30% per year. And the median was 56.80% per year.

Refex Industries's current price is ₹364.45. Its book value per share for the quarter that ended in Mar. 2026 was ₹109.63. Hence, today's PB Ratio of Refex Industries is 3.32.

During the past 13 years, the highest P/B Ratio of Refex Industries was 10.86. The lowest was 0.76. And the median was 2.45.


Refex Industries  (NSE:REFEX) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


Refex Industries Book Value per Share Related Terms


Refex Industries Book Value per Share Historical Data

* Premium members only.

The historical data trend for Refex Industries's Book Value per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Refex Industries Book Value per Share Chart

Refex Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Book Value per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.52 28.44 40.25 93.88 109.63

Refex Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Book Value per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 93.88 0.00 97.54 0.00 109.63

Refex Industries Book Value per Share Competitor Comparison

For the Thermal Coal subindustry, Refex Industries's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Refex Industries PB Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Refex Industries's PB Ratio distribution charts can be found below:

* The bar in red indicates where Refex Industries's PB Ratio falls into.


NSE:REFEX
85GF Score
Refex Industries Ltd NSE:REFEX
Book Value per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Refex Industries Book Value per Share Calculation

Refex Industries's Book Value Per Share for the fiscal year that ended in Mar. 2026 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(15,042-0)/137
=109.63

Refex Industries's Book Value Per Share for the quarter that ended in Mar. 2026 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(15,042-0)/137
=109.63

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Frequently Asked Questions Learn more about Book Value per Share →
What does a Book Value per Share of ₹109.63 mean?
Refex Industries (NSE:REFEX) has a Book Value per Share of ₹109.63 as of Mar. 2026. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Refex Industries and its competitors.
Is Refex Industries' Book Value per Share too high?
Refex Industries' current Book Value per Share is ₹109.63. Overall, Refex Industries has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Refex Industries' Book Value per Share compare to competitors?
Refex Industries' Book Value per Share of ₹109.63 can be compared against companies in the Other Energy Sources industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Book Value per Share for an Other Energy Sources company?
A good Book Value per Share depends on the Other Energy Sources industry context. However, Book Value per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Book Value per Share mean?
A high Book Value per Share can signal that a stock is expensive relative to its fundamentals. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Refex Industries and its competitors. Refex Industries's current Book Value per Share is ₹109.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Refex Industries stock overvalued right now?
Based on GuruFocus' analysis, Refex Industries (NSE:REFEX) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹293.58, compared to a current price of ₹364.45 — trading 24.1% above its estimated fair value. The current Book Value per Share is ₹109.63. Refex Industries' overall GF Score™ is 85/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Book Value per Share calculated?
Book Value per Share is calculated from a company's financial statements. For Refex Industries (NSE:REFEX), the current Book Value per Share is ₹109.63 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Refex Industries (NSE:REFEX) Overvalued in 2026?

Based on GuruFocus' analysis, Refex Industries stock appears to be overvalued. The current stock price of ₹364.45 is trading 24.1% above its estimated GF Value™ of ₹293.58. GuruFocus considers Refex Industries to be Modestly Overvalued.

Key valuation signals for NSE:REFEX:

  • Book Value per Share: ₹109.63
  • GF Value™: ₹293.58 vs. price of ₹364.45 (24.1% above fair value)
  • GF Score™: 85/100 with 6 warning signs

No single metric tells the full story. See the NSE:REFEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Refex Industries Business Description

Other Exchanges 532884:India
Address Refex Building, 67, Bazullah Road, Parthasarathy Puram, T Nagar, Chennai, TN, IND, 600017
Refex Industries Ltd is a manufacturer and refiller of refrigerant gases. The company's operating segment includes Coal & Ash Handling Business, Solar Power - Generation and Related Activities, Refrigerant Gas- (Refilling) and Sales, Sale Of Services, Power Trading, and Others. Geographically, the business activities are operated throughout the region of India.
85GF Score

Get the complete analysis for NSE:REFEX

Book Value per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹364.45
Price
₹293.58
GF Value