Refex Industries (NSE:REFEX) EV-to-FCF: (As of Jul. 06, 2026)


NSE:REFEX Refex Industries Ltd NSE:REFEX
91 GF Score
Price ₹351.70
GF Value ₹293.94
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Refex Industries EV-to-FCF?

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Refex Industries's Enterprise Value is ₹45,937 Mil. Refex Industries's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ₹0 Mil. Therefore, Refex Industries's EV-to-FCF for today is .

The historical rank and industry rank for Refex Industries's EV-to-FCF or its related term are showing as below:

NSE:REFEX' s EV-to-FCF Range Over the Past 10 Years
Min: -50.66   Med: 0   Max: 0
Current: -50.66

NSE:REFEX's EV-to-FCF is ranked worse than
100% of 67 companies
in the Other Energy Sources industry
Industry Median: 11.05 vs NSE:REFEX: -50.66

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-07-06), Refex Industries's stock price is ₹351.70. Refex Industries's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹14.590. Therefore, Refex Industries's PE Ratio (TTM) for today is 24.11.


Refex Industries  (NSE:REFEX) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Refex Industries's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=351.70/14.590
=24.11

Refex Industries's share price for today is ₹351.70.
Refex Industries's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹14.590.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Refex Industries EV-to-FCF Related Terms


Refex Industries EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Refex Industries's EV-to-FCF 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 EV-to-FCF Chart

Refex Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -14.32 -14.74 -36.70 -10.26 -25.60

Refex Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-FCF 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 -10.26 0.00 0.00 0.00 -25.60

Refex Industries EV-to-FCF Competitor Comparison

For the Thermal Coal subindustry, Refex Industries's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Refex Industries's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Refex Industries's EV-to-FCF falls into.


NSE:REFEX
91GF Score
Refex Industries Ltd NSE:REFEX
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Refex Industries EV-to-FCF Calculation

Refex Industries's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=45937.432/0
=

Refex Industries's current Enterprise Value is ₹45,937 Mil.
Refex Industries's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0 Mil.

* 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.

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

Based on GuruFocus' analysis, Refex Industries stock appears to be overvalued. The current stock price of ₹351.70 is trading 19.7% above its estimated GF Value™ of ₹293.94. GuruFocus considers Refex Industries to be Modestly Overvalued.

Key valuation signals for NSE:REFEX:

  • EV-to-FCF:
  • GF Value™: ₹293.94 vs. price of ₹351.70 (19.7% above fair value)
  • GF Score™: 91/100 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.
91GF Score

Get the complete analysis for NSE:REFEX

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹351.70
Price
₹293.94
GF Value