Refex IndustriesNSE:REFEX +3.21%88 Days Inventory is 9.16 as of Mar. 2026, which is 96% above its 10-year median of 4.67. GuruFocus rates NSE:REFEX with a GF Score™ of 88/100 and a GF Value™ of ₹293.62 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 120 Other Energy Sources companies, Refex Industries ranks better than 90.83% on this metric.
The historical rank and industry rank for Refex Industries's Days Inventory or its related term are showing as below:
NSE:REFEX'
s Days Inventory Range Over the Past 10 Years
Min: 1.33 Med: 4.67 Max: 22.4
Current: 9.26
During the past 13 years, Refex Industries's highest Days Inventory was 22.40. The lowest was 1.33. And the median was 4.67.
NSE:REFEX's Days Inventory is ranked better than 90.83% of 120
companies
in the Other Energy Sources industry
Industry Median: 29.44
vs NSE:REFEX: 9.26
Refex Industries's Days Inventory
increased
from Mar. 2025 (1.31) to Mar. 2026 (9.16).
It might indicate that Refex Industries's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Refex Industries's Inventory Turnover for the
three
months ended in Mar. 2026 was 9.96.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Refex Industries's Inventory-to-Revenue for the
three
months ended in Mar. 2026 was 0.08.
Refex Industries (NSE:REFEX) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Refex Industries's Inventory Turnover for the
three
months ended in Mar. 2026 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Refex Industries's Inventory to Revenue for the
three
months ended in Mar. 2026 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Refex Industries Days Inventory Related Terms
Refex Industries Days Inventory Historical Data
* Premium members only.
The historical data trend for Refex Industries's Days Inventory 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 Days Inventory Competitor Comparison
For the Thermal Coal subindustry, Refex Industries's Days Inventory, along with its competitors' market caps and Days Inventory 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 Days Inventory vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Refex Industries's Days Inventory distribution charts can be found below:
* The bar in red indicates where Refex Industries's Days Inventory falls into.
* 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 (NSE:REFEX) has a Days Inventory of 9.16 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Refex Industries and its competitors. This is 96% above median its historical median of 4.67. Over the past decade, Refex Industries' Days Inventory has ranged from 1.33 to 22.40. According to the industry distribution chart, Refex Industries ranks #11 out of 120 companies in the Other Energy Sources industry, placing it in the top 9.2%.
Is Refex Industries' Days Inventory too high?
Refex Industries' current Days Inventory of 9.16 is 96% above median its 10-year median of 4.67. Over the past 10 years, this metric has ranged from a low of 1.33 to a high of 22.40. The Other Energy Sources industry median Days Inventory is 29.44. Refex Industries' value of 9.16 is 68.9% below this industry median. Based on the distribution chart, Refex Industries ranks #11 out of 120 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, Refex Industries has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Refex Industries' Days Inventory compare to competitors?
According to the Other Energy Sources industry distribution chart, Refex Industries ranks #11 out of 120 companies for Days Inventory. This places Refex Industries in the top 9% of its industry — outperforming the majority of peers. The industry median Days Inventory is 29.44. Refex Industries' value of 9.16 is 68.9% below this benchmark. Historically, Refex Industries' own Days Inventory has ranged from 1.33 to 22.40 over the past decade. While the company's 10-year median is 4.67 vs. the industry median of 29.44, Refex Industries has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for an Other Energy Sources company?
The median Days Inventory among Other Energy Sources companies is 29.44, based on 120 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Refex Industries's current Days Inventory of 9.16 is 68.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Refex Industries and its competitors. For the Other Energy Sources industry, the median Days Inventory is 29.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Refex Industries's current Days Inventory is 9.16, which is 96% above median its own 10-year median of 4.67. 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 ₹293.62, compared to a current price of ₹348.95 — trading 18.8% above its estimated fair value. The current Days Inventory is 9.16, which is 96% above median its 10-year median of 4.67 and 68.9% below the Other Energy Sources industry median of 29.44. Refex Industries' overall GF Score™ is 88/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Refex Industries (NSE:REFEX), the current Days Inventory is 9.16 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 ₹348.95 is trading 18.8% above its estimated GF Value™ of ₹293.62.
GuruFocus considers Refex Industries to be Modestly Overvalued.
Key valuation signals for NSE:REFEX:
Days Inventory: 9.16 (96% above median its 10-year median of 4.67)
GF Value™: ₹293.62 vs. price of ₹348.95 (18.8% above fair value)
Industry Position: 68.9% below the Other Energy Sources median (#11 of 120)
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 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.
88GF Score
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