Refex Industries (NSE:REFEX) ROE % Adjusted to Book Value: 13.96% (As of Mar. 2026)


NSE:REFEX Refex Industries Ltd NSE:REFEX
88 GF Score
Price ₹348.95
GF Value ₹293.62
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Refex Industries ROE % Adjusted to Book Value?

Refex Industries NSE:REFEX +3.21% 88 ROE % Adjusted to Book Value is 13.96% as of Mar. 2026. 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.

Refex Industries's ROE % for the quarter that ended in Mar. 2026 was 24.15%. Refex Industries's PB Ratio for the quarter that ended in Mar. 2026 was 1.73. Refex Industries's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 13.96%.

Refex Industries ROE % Adjusted to Book Value Related Terms

Refex Industries ROE % Adjusted to Book Value Historical Data

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The historical data trend for Refex Industries's ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value Chart

Refex Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.63 27.89 7.23 4.69 8.65

Refex Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value 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 3.96 0.00 3.25 0.00 13.96

Refex Industries ROE % Adjusted to Book Value Competitor Comparison

For the Thermal Coal subindustry, Refex Industries's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Refex Industries's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Refex Industries's ROE % Adjusted to Book Value falls into.


NSE:REFEX
88GF Score
Refex Industries Ltd NSE:REFEX
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Refex Industries ROE % Adjusted to Book Value Calculation

Refex Industries's ROE % Adjusted to Book Value for the fiscal year that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=14.97% / 1.73
=8.65%

Refex Industries's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=24.15% / 1.73
=13.96%

* 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.

What does a ROE % Adjusted to Book Value of 13.96% mean?
Refex Industries (NSE:REFEX) has a ROE % Adjusted to Book Value of 13.96% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Refex Industries and its competitors.
Is Refex Industries' ROE % Adjusted to Book Value too high?
Refex Industries' current ROE % Adjusted to Book Value is 13.96%. 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' ROE % Adjusted to Book Value compare to competitors?
Refex Industries' ROE % Adjusted to Book Value of 13.96% can be compared against companies in the Other Energy Sources industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for an Other Energy Sources company?
A good ROE % Adjusted to Book Value depends on the Other Energy Sources industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Refex Industries and its competitors. Refex Industries's current ROE % Adjusted to Book Value is 13.96%. 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 ROE % Adjusted to Book Value is 13.96%. 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 ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Refex Industries (NSE:REFEX), the current ROE % Adjusted to Book Value is 13.96% 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:

  • ROE % Adjusted to Book Value: 13.96%
  • GF Value™: ₹293.62 vs. price of ₹348.95 (18.8% above fair value)
  • GF Score™: 88/100 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.
88GF Score

Get the complete analysis for NSE:REFEX

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹348.95
Price
₹293.62
GF Value