Refex Renewables & Infrastructure (BOM:531260) Net Margin %: -51.47% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:531260 Refex Renewables & Infrastructure Ltd BOM:531260
48 GF Score
Price ₹324.30
GF Value ₹407.00
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Refex Renewables & Infrastructure Net Margin %?

Refex Renewables & Infrastructure BOM:531260 48 Net Margin % is -51.47% as of Mar. 2026. GuruFocus rates BOM:531260 with a GF Score™ of 48/100 and a GF Value™ of ₹407.00 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,022 Semiconductors companies, Refex Renewables & Infrastructure ranks worse than 93.15% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Refex Renewables & Infrastructure's Net Income for the three months ended in Mar. 2026 was ₹-99.6 Mil. Refex Renewables & Infrastructure's Revenue for the three months ended in Mar. 2026 was ₹193.5 Mil. Therefore, Refex Renewables & Infrastructure's net margin for the quarter that ended in Mar. 2026 was -51.47%.

The historical rank and industry rank for Refex Renewables & Infrastructure's Net Margin % or its related term are showing as below:

BOM:531260' s Net Margin % Range Over the Past 10 Years
Min: -64.44   Med: -36.3   Max: 10.92
Current: -64.44


BOM:531260's Net Margin % is ranked worse than
93.15% of 1022 companies
in the Semiconductors industry
Industry Median: 4.375 vs BOM:531260: -64.44

Refex Renewables & Infrastructure  (BOM:531260) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Refex Renewables & Infrastructure Net Margin % Related Terms


Refex Renewables & Infrastructure Net Margin % Historical Data

* Premium members only.

The historical data trend for Refex Renewables & Infrastructure's Net Margin % 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 Renewables & Infrastructure Net Margin % Chart

Refex Renewables & Infrastructure Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -60.72 -30.50 -32.47 -53.40 -63.22

Refex Renewables & Infrastructure Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Margin % 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 -23.52 -45.22 -102.87 -65.90 -51.47

BOM:531260 vs NVDA, AVGO, MU: Net Margin % Comparison

For the Semiconductors subindustry, Refex Renewables & Infrastructure's Net Margin %, along with its competitors' market caps and Net Margin % 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 Renewables & Infrastructure Net Margin % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Refex Renewables & Infrastructure's Net Margin % distribution charts can be found below:

* The bar in red indicates where Refex Renewables & Infrastructure's Net Margin % falls into.


BOM:531260
48GF Score
Refex Renewables & Infrastructure Ltd BOM:531260
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Refex Renewables & Infrastructure Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Refex Renewables & Infrastructure's Net Margin for the fiscal year that ended in Mar. 2026 is calculated as

Net Margin=Net Income (A: Mar. 2026 )/Revenue (A: Mar. 2026 )
=-420.2/664.7
=-63.22 %

Refex Renewables & Infrastructure's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-99.6/193.5
=-51.47 %

* 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.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of -51.47% mean?
Refex Renewables & Infrastructure (BOM:531260) has a Net Margin % of -51.47% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Refex Renewables & Infrastructure and its competitors. According to the industry distribution chart, Refex Renewables & Infrastructure ranks #952 out of 1022 companies in the Semiconductors industry, placing it in the top 93.2%.
Is Refex Renewables & Infrastructure's Net Margin % too high?
Refex Renewables & Infrastructure's current Net Margin % is -51.47%. Based on the distribution chart, Refex Renewables & Infrastructure ranks #952 out of 1022 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Refex Renewables & Infrastructure has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Refex Renewables & Infrastructure's Net Margin % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Refex Renewables & Infrastructure ranks #952 out of 1022 companies for Net Margin %. This places Refex Renewables & Infrastructure in the lower half of its industry. The industry median Net Margin % is 4.38. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Semiconductors company?
The median Net Margin % among Semiconductors companies is 4.38, based on 1,022 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Refex Renewables & Infrastructure and its competitors. For the Semiconductors industry, the median Net Margin % is 4.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Refex Renewables & Infrastructure's current Net Margin % is -51.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Refex Renewables & Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Refex Renewables & Infrastructure (BOM:531260) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹407.00, compared to a current price of ₹324.30 — trading 20.3% below its estimated fair value. The current Net Margin % is -51.47%. Refex Renewables & Infrastructure's overall GF Score™ is 48/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Refex Renewables & Infrastructure (BOM:531260), the current Net Margin % is -51.47% 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 Renewables & Infrastructure (BOM:531260) Overvalued in 2026?

Based on GuruFocus' analysis, Refex Renewables & Infrastructure stock appears to be undervalued. The current stock price of ₹324.30 is trading 20.3% below its estimated GF Value™ of ₹407.00. GuruFocus considers Refex Renewables & Infrastructure to be Modestly Undervalued.

Key valuation signals for BOM:531260:

  • Net Margin %: -51.47%
  • GF Value™: ₹407.00 vs. price of ₹324.30 (20.3% below fair value)
  • GF Score™: 48/100 with 6 warning signs

No single metric tells the full story. See the BOM:531260 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Refex Renewables & Infrastructure Business Description

Address 67, Bazullah Road, T Nagar, Refex Building, Parthasarathy Puram, Chennai, TN, IND, 600017
Refex Renewables & Infrastructure Ltd is engaged in the business of rendering engineering, procurement and construction services in respect of ground solar power plants, solar water pumps and home systems. . The company segment includes (i) Engineering, procurement and construction 'EPC-Rural' - Supply, installation, commissioning and maintenance of solar water pumps and home systems. (ii) Engineering, procurement and construction 'EPC-Commercial and Industrial (C&I)' - Supply, installation, commissioning and maintenance of ground solar power plants and Rooftop. The Company has only one geographical segment viz., India.
48GF Score

Get the complete analysis for BOM:531260

Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹324.30
Price
₹407.00
GF Value