Refex Industries (NSE:REFEX) 3-Year RORE % : 18.14% (As of Mar. 2026)


NSE:REFEX Refex Industries Ltd NSE:REFEX
88 GF Score
Price ₹355.80
GF Value ₹294.35
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Refex Industries 3-Year RORE %?

Refex Industries NSE:REFEX +1.96% 88 3-Year RORE % is 18.14 as of Mar. 2026. GuruFocus rates NSE:REFEX with a GF Score™ of 88/100 and a GF Value™ of ₹294.35 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 165 Other Energy Sources companies, Refex Industries ranks better than 63.64% on this metric.

Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments. Refex Industries's 3-Year RORE % for the quarter that ended in Mar. 2026 was 18.14%.

The industry rank for Refex Industries's 3-Year RORE % or its related term are showing as below:

NSE:REFEX's 3-Year RORE % is ranked better than
63.64% of 165 companies
in the Other Energy Sources industry
Industry Median: -9.68 vs NSE:REFEX: 18.14

Refex Industries  (NSE:REFEX) 3-Year RORE % Explanation

Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.

There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 3-year period is chosen.

Be Aware

Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.


Refex Industries 3-Year RORE % Related Terms


Refex Industries 3-Year RORE % Historical Data

* Premium members only.

The historical data trend for Refex Industries's 3-Year RORE % 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 3-Year RORE % Chart

Refex Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
3-Year RORE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.26 32.25 17.67 5.31 18.14

Refex Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
3-Year RORE % 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 5.31 0.15 2.01 4.70 18.14

Refex Industries 3-Year RORE % Competitor Comparison

For the Thermal Coal subindustry, Refex Industries's 3-Year RORE %, along with its competitors' market caps and 3-Year RORE % 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 3-Year RORE % vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Refex Industries's 3-Year RORE % distribution charts can be found below:

* The bar in red indicates where Refex Industries's 3-Year RORE % falls into.


NSE:REFEX
88GF Score
Refex Industries Ltd NSE:REFEX
3-Year RORE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Refex Industries 3-Year RORE % Calculation

Refex Industries's 3-Year RORE % for the quarter that ended in Mar. 2026 is calculated as:

3-Year RORE %=( Most Recent EPS (Diluted)- First Period EPS (Diluted) )/( Cumulative EPS (Diluted) for 3-year -Cumulative Dividends per Share for 3-year )
=( 14.59-8.36 )/( 35.35-1 )
=6.23/34.35
=18.14 %

* 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.

In the calculation of 3-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Mar. 2026 and 3-year before.

Frequently Asked Questions Learn more about 3-Year RORE % →
What does a 3-Year RORE % of 18.14 mean?
Refex Industries (NSE:REFEX) has a 3-Year RORE % of 18.14 as of Mar. 2026. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Refex Industries and its competitors. According to the industry distribution chart, Refex Industries ranks #60 out of 165 companies in the Other Energy Sources industry, placing it in the top 36.4%.
Is Refex Industries' 3-Year RORE % too high?
Refex Industries' current 3-Year RORE % is 18.14. Based on the distribution chart, Refex Industries ranks #60 out of 165 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' 3-Year RORE % compare to competitors?
According to the Other Energy Sources industry distribution chart, Refex Industries ranks #60 out of 165 companies for 3-Year RORE %. This puts Refex Industries in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year RORE % for an Other Energy Sources company?
A good 3-Year RORE % depends on the Other Energy Sources industry context. However, 3-Year RORE % 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 3-Year RORE % mean?
A high 3-Year RORE % can signal that a stock is expensive relative to its fundamentals. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Refex Industries and its competitors. Refex Industries's current 3-Year RORE % is 18.14. 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 ₹294.35, compared to a current price of ₹355.80 — trading 20.9% above its estimated fair value. The current 3-Year RORE % is 18.14. 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 3-Year RORE % calculated?
3-Year RORE % is calculated from a company's financial statements. For Refex Industries (NSE:REFEX), the current 3-Year RORE % is 18.14 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 ₹355.80 is trading 20.9% above its estimated GF Value™ of ₹294.35. GuruFocus considers Refex Industries to be Modestly Overvalued.

Key valuation signals for NSE:REFEX:

  • 3-Year RORE %: 18.14
  • GF Value™: ₹294.35 vs. price of ₹355.80 (20.9% 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

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

₹355.80
Price
₹294.35
GF Value