Refex IndustriesNSE:REFEX +3.21%88 Net Margin % is 9.72% as of Mar. 2026, which is 42% above its 10-year median of 6.84. 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 130 Other Energy Sources companies, Refex Industries ranks better than 70% on this metric.
The historical rank and industry rank for Refex Industries's Net Margin % or its related term are showing as below:
NSE:REFEX'
s Net Margin % Range Over the Past 10 Years
Min: 1.21 Med: 6.84 Max: 10.22
Current: 8.76
NSE:REFEX's Net Margin % is ranked better than 70% of 130
companies
in the Other Energy Sources industry
Industry Median: 2.835
vs NSE:REFEX: 8.76
Refex Industries (NSE:REFEX) 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 Industries Net Margin % Related Terms
Refex Industries Net Margin % Historical Data
* Premium members only.
The historical data trend for Refex Industries'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 Industries Net Margin % Competitor Comparison
For the Thermal Coal subindustry, Refex Industries'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 Industries Net Margin % vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Refex Industries's Net Margin % distribution charts can be found below:
* The bar in red indicates where Refex Industries's Net Margin % 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 Net Margin % of 9.72% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Refex Industries and its competitors. This is 42% above median its historical median of 6.84. Over the past decade, Refex Industries' Net Margin % has ranged from 1.21 to 10.22. According to the industry distribution chart, Refex Industries ranks #39 out of 130 companies in the Other Energy Sources industry, placing it in the top 30%.
Is Refex Industries' Net Margin % too high?
Refex Industries' current Net Margin % of 9.72% is 42% above median its 10-year median of 6.84. Over the past 10 years, this metric has ranged from a low of 1.21 to a high of 10.22. The Other Energy Sources industry median Net Margin % is 2.84. Refex Industries' value of 9.72% is 242.9% above this industry median. Based on the distribution chart, Refex Industries ranks #39 out of 130 companies in the Other Energy Sources industry, which is above 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' Net Margin % compare to competitors?
According to the Other Energy Sources industry distribution chart, Refex Industries ranks #39 out of 130 companies for Net Margin %. This puts Refex Industries in the upper half of its industry. The industry median Net Margin % is 2.84. Refex Industries' value of 9.72% is 242.9% above this benchmark. Historically, Refex Industries' own Net Margin % has ranged from 1.21 to 10.22 over the past decade. While the company's 10-year median is 6.84 vs. the industry median of 2.84, 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 Net Margin % for an Other Energy Sources company?
The median Net Margin % among Other Energy Sources companies is 2.84, based on 130 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. Refex Industries's current Net Margin % of 9.72% is 242.9% 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 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 Industries and its competitors. For the Other Energy Sources industry, the median Net Margin % is 2.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Refex Industries's current Net Margin % is 9.72%, which is 42% above median its own 10-year median of 6.84. 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 Net Margin % is 9.72%, which is 42% above median its 10-year median of 6.84 and 242.9% above the Other Energy Sources industry median of 2.84. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Refex Industries (NSE:REFEX), the current Net Margin % is 9.72% 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:
Net Margin %: 9.72% (42% above median its 10-year median of 6.84)
GF Value™: ₹293.62 vs. price of ₹348.95 (18.8% above fair value)
Industry Position: 242.9% above the Other Energy Sources median (#39 of 130)
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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