Refex Renewables & Infrastructure (BOM:531260) Operating Margin %: 18.76% (As of Mar. 2026) — 669% Above Median

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BOM:531260 Refex Renewables & Infrastructure Ltd BOM:531260
48 GF Score
Price ₹324.30
GF Value ₹407.00
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Refex Renewables & Infrastructure Operating Margin %?

Refex Renewables & Infrastructure BOM:531260 48 Operating Margin % is 18.76% as of Mar. 2026, which is 669% above its 10-year median of 2.44. 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 better than 63.21% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Refex Renewables & Infrastructure's Operating Income for the three months ended in Mar. 2026 was ₹36.3 Mil. Refex Renewables & Infrastructure's Revenue for the three months ended in Mar. 2026 was ₹193.5 Mil. Therefore, Refex Renewables & Infrastructure's Operating Margin % for the quarter that ended in Mar. 2026 was 18.76%.

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

BOM:531260' s Operating Margin % Range Over the Past 10 Years
Min: -41.86   Med: 2.44   Max: 20.62
Current: 10.74


BOM:531260's Operating Margin % is ranked better than
63.21% of 1022 companies
in the Semiconductors industry
Industry Median: 5.455 vs BOM:531260: 10.74

Refex Renewables & Infrastructure's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Refex Renewables & Infrastructure's Operating Income for the three months ended in Mar. 2026 was ₹36.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹71.4 Mil.


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

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Refex Renewables & Infrastructure Operating Margin % Related Terms


Refex Renewables & Infrastructure Operating Margin % Historical Data

* Premium members only.

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

Refex Renewables & Infrastructure Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -41.86 -5.85 20.62 20.00 10.73

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
Operating 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 28.50 24.13 -12.11 7.45 18.76

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

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

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

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


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

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

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

Operating Margin %=Operating Income (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=71.3 / 664.7
=10.73 %

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

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=36.3 / 193.5
=18.76 %

* 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 Operating Margin % →
What does a Operating Margin % of 18.76% mean?
Refex Renewables & Infrastructure (BOM:531260) has a Operating Margin % of 18.76% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Refex Renewables & Infrastructure and its competitors. This is 669% above median its historical median of 2.44. According to the industry distribution chart, Refex Renewables & Infrastructure ranks #376 out of 1022 companies in the Semiconductors industry, placing it in the top 36.8%.
Is Refex Renewables & Infrastructure's Operating Margin % too high?
Refex Renewables & Infrastructure's current Operating Margin % of 18.76% is 669% above median its 10-year median of 2.44. The Semiconductors industry median Operating Margin % is 5.46. Refex Renewables & Infrastructure's value of 18.76% is 243.9% above this industry median. Based on the distribution chart, Refex Renewables & Infrastructure ranks #376 out of 1022 companies in the Semiconductors industry, which is above the industry midpoint. 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 Operating Margin % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Refex Renewables & Infrastructure ranks #376 out of 1022 companies for Operating Margin %. This puts Refex Renewables & Infrastructure in the upper half of its industry. The industry median Operating Margin % is 5.46. Refex Renewables & Infrastructure's value of 18.76% is 243.9% above this benchmark. While the company's 10-year median is 2.44 vs. the industry median of 5.46, Refex Renewables & Infrastructure 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 Operating Margin % for a Semiconductors company?
The median Operating Margin % among Semiconductors companies is 5.46, based on 1,022 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Refex Renewables & Infrastructure's current Operating Margin % of 18.76% is 243.9% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Refex Renewables & Infrastructure and its competitors. For the Semiconductors industry, the median Operating Margin % is 5.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Refex Renewables & Infrastructure's current Operating Margin % is 18.76%, which is 669% above median its own 10-year median of 2.44. 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 Operating Margin % is 18.76%, which is 669% above median its 10-year median of 2.44 and 243.9% above the Semiconductors industry median of 5.46. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Refex Renewables & Infrastructure (BOM:531260), the current Operating Margin % is 18.76% 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:

  • Operating Margin %: 18.76% (669% above median its 10-year median of 2.44)
  • GF Value™: ₹407.00 vs. price of ₹324.30 (20.3% below fair value)
  • GF Score™: 48/100 with 6 warning signs
  • Industry Position: 243.9% above the Semiconductors median (#376 of 1022)

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

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

₹324.30
Price
₹407.00
GF Value