Refex Renewables & Infrastructure Limited
BSE: REFEXRENEW · Civil Construction
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Snapshot
Unlock Refex Renewables & Infrastructure Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Refex Renewables Limited is an Indian company specialising in solar energy solutions, including the design, engineering, procurement, and construction of solar power plants. The firm serves residential, commercial, and industrial clients through rooftop and ground-mounted solar installations, alongside solar water pumps and street lighting systems.
Business Model
The company generates revenue by providing end-to-end solar infrastructure services, leveraging its position within the Refex Group to support India's green energy transition. Its business model focuses on decentralized renewable technology and distributed solar power projects.
Management Commentary
The company has pivoted its strategic focus toward sustainable energy infrastructure to align with national green energy goals. Management emphasises the expansion of its footprint in the distributed solar power market to enhance energy access.
Growth Outlook
Growth is driven by the increasing demand for sustainable energy infrastructure and India's broader green energy transition. The firm aims to scale its operations by targeting diverse solar project segments across various Indian states.
Key Risks
- Regulatory and Policy Risk. Changes in government subsidies, net-metering policies, or renewable energy incentives could adversely impact project viability.
- Execution and Operational Risk. Delays in project commissioning or supply chain disruptions for solar components may affect revenue recognition and project timelines.
- Competitive Intensity. The distributed solar market is highly fragmented, leading to significant pricing pressure from both established players and new entrants.
- Technological Obsolescence. Rapid advancements in solar technology may require continuous capital expenditure to maintain competitive efficiency and service standards.
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Key Metrics
REVENUE
₹66 Cr
TTM · consolidated
NET PROFIT
₹43 Cr
TTM · consolidated
EPS
₹95.14
TTM · consolidated
RETURN ON EQUITY
79.8%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
18.8%
TTM · consolidated
P/E
3.3x
Q4 FY26 · consolidated
EV/EBITDA
5.7x
Q4 FY26 · consolidated
EBITDA MARGIN
154.0%
TTM · consolidated
NET PROFIT MARGIN
52.1%
Q4 FY26 · consolidated
DEBT TO EQUITY
6.1x
Q4 FY26 · consolidated
Peers · Civil Construction
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Refex Renewables & Infrastructure LimitedREFEXRENEW | ₹150 Cr | 3.51 | 6.16 | -2.2% | 154.0% | 79.8% | 18.8% | -46.9% |
IL&FS Engineering and Construction Company LimitedIL&FSENGG | ₹464 Cr | 354.10 | 254.66 | -41.5% | 6.5% | 0.0% | -0.1% | +10.1% |
Vishnu Prakash R Punglia LimitedVPRPL | ₹401 Cr | -2.04 | -7.63 | -43.3% | -19.3% | -27.9% | -21.7% | -75.1% |
Markolines Pavement Technologies LimitedMARKOLINES | ₹382 Cr | 12.62 | 8.44 | — | 13.1% | 14.7% | 21.7% | +2.4% |
Zodiac EnergyZODIAC | ₹374 Cr | 15.42 | 9.00 | — | 11.1% | 21.7% | 22.1% | -36.1% |
GVK Power & Infrastructure LimitedGVKPIL | ₹335 Cr | -53.00 | -181.56 | -100.0% | -355.6% | 0.6% | -0.7% | -34.0% |
As of Q4 FY26
Financials
Refex Renewables & Infrastructure Limited
BSE: REFEXRENEW · Civil Construction
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Refex Renewables & Infrastructure Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Refex Renewables Limited is an Indian company specialising in solar energy solutions, including the design, engineering, procurement, and construction of solar power plants. The firm serves residential, commercial, and industrial clients through rooftop and ground-mounted solar installations, alongside solar water pumps and street lighting systems.
Business Model
The company generates revenue by providing end-to-end solar infrastructure services, leveraging its position within the Refex Group to support India's green energy transition. Its business model focuses on decentralized renewable technology and distributed solar power projects.
Management Commentary
The company has pivoted its strategic focus toward sustainable energy infrastructure to align with national green energy goals. Management emphasises the expansion of its footprint in the distributed solar power market to enhance energy access.
Growth Outlook
Growth is driven by the increasing demand for sustainable energy infrastructure and India's broader green energy transition. The firm aims to scale its operations by targeting diverse solar project segments across various Indian states.
Key Risks
- Regulatory and Policy Risk. Changes in government subsidies, net-metering policies, or renewable energy incentives could adversely impact project viability.
- Execution and Operational Risk. Delays in project commissioning or supply chain disruptions for solar components may affect revenue recognition and project timelines.
- Competitive Intensity. The distributed solar market is highly fragmented, leading to significant pricing pressure from both established players and new entrants.
- Technological Obsolescence. Rapid advancements in solar technology may require continuous capital expenditure to maintain competitive efficiency and service standards.
Start your research today
Unlock AI insights, financials, peers and live data on Refex Renewables & Infrastructure Limited and 5,000+ companies — free.
Key Metrics
REVENUE
₹66 Cr
TTM · consolidated
NET PROFIT
₹43 Cr
TTM · consolidated
EPS
₹95.14
TTM · consolidated
RETURN ON EQUITY
79.8%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
18.8%
TTM · consolidated
P/E
3.3x
Q4 FY26 · consolidated
EV/EBITDA
5.7x
Q4 FY26 · consolidated
EBITDA MARGIN
154.0%
TTM · consolidated
NET PROFIT MARGIN
52.1%
Q4 FY26 · consolidated
DEBT TO EQUITY
6.1x
Q4 FY26 · consolidated
Peers · Civil Construction
As of Q4 FY26