Refex IndustriesNSE:REFEX +3.21%88 Interest Coverage is 15.19 as of Mar. 2026, which is 64% above its 10-year median of 9.29. 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 112 Other Energy Sources companies, Refex Industries ranks worse than 52.68% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Refex Industries's
Operating Income
for the
three
months ended in Mar. 2026 was ₹1,542 Mil. Refex Industries's Interest Expense for the
three
months ended in Mar. 2026 was ₹-101 Mil.
Refex Industries's interest coverage for the quarter that ended in Mar. 2026 was 15.19.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Refex Industries's Interest Coverage or its related term are showing as below:
NSE:REFEX'
s Interest Coverage Range Over the Past 10 Years
Min: 0.56 Med: 9.29 Max: 112.8
Current: 9.15
NSE:REFEX's Interest Coverage is ranked worse than 52.68% of 112
companies
in the Other Energy Sources industry
Industry Median: 10.27
vs NSE:REFEX: 9.15
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Refex Industries Interest Coverage Related Terms
Refex Industries Interest Coverage Historical Data
* Premium members only.
The historical data trend for Refex Industries's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Thermal Coal subindustry, Refex Industries's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Refex Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Refex Industries's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 Interest Coverage of 15.19 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Refex Industries and its competitors. This is 64% above median its historical median of 9.29. Over the past decade, Refex Industries' Interest Coverage has ranged from 0.56 to 112.80. According to the industry distribution chart, Refex Industries ranks #59 out of 112 companies in the Other Energy Sources industry, placing it in the top 52.7%.
Is Refex Industries' Interest Coverage too high?
Refex Industries' current Interest Coverage of 15.19 is 64% above median its 10-year median of 9.29. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 112.80. The Other Energy Sources industry median Interest Coverage is 10.27. Refex Industries' value of 15.19 is 47.9% above this industry median. Based on the distribution chart, Refex Industries ranks #59 out of 112 companies in the Other Energy Sources industry, which is below the industry midpoint. 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' Interest Coverage compare to competitors?
According to the Other Energy Sources industry distribution chart, Refex Industries ranks #59 out of 112 companies for Interest Coverage. This places Refex Industries in the lower half of its industry. The industry median Interest Coverage is 10.27. Refex Industries' value of 15.19 is 47.9% above this benchmark. Historically, Refex Industries' own Interest Coverage has ranged from 0.56 to 112.80 over the past decade. While the company's 10-year median is 9.29 vs. the industry median of 10.27, Refex Industries has consistently been above 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 Interest Coverage for an Other Energy Sources company?
The median Interest Coverage among Other Energy Sources companies is 10.27, based on 112 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Refex Industries's current Interest Coverage of 15.19 is 47.9% above 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Refex Industries and its competitors. For the Other Energy Sources industry, the median Interest Coverage is 10.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Refex Industries's current Interest Coverage is 15.19, which is 64% above median its own 10-year median of 9.29. 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 Interest Coverage is 15.19, which is 64% above median its 10-year median of 9.29 and 47.9% above the Other Energy Sources industry median of 10.27. 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Refex Industries (NSE:REFEX), the current Interest Coverage is 15.19 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:
Interest Coverage: 15.19 (64% above median its 10-year median of 9.29)
GF Value™: ₹293.62 vs. price of ₹348.95 (18.8% above fair value)
Industry Position: 47.9% above the Other Energy Sources median (#59 of 112)
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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