All companies

Refex Renewables & Infrastructure

Listed EPC / O&M — per-stock model.

As of 31 Mar 2026
EPC / O&M—
CMP ₹312NSE: REFEXRENEW

Revenue FY26E

66₹ cr

EBITDA margin

40.9%

Financials

Annual · ₹ crore · E = estimate.

Annual financials

₹ crore · FY25 → FY28E

PeriodRevenueEBITDAEBITDA %PATGross %ROE %ROCE %CapexNet debtEPS ₹WC days
FY2253-7-13.2%-37———————
FY2376911.8%-30———————
FY24753344.0%-34———————
FY25673247.8%-36———————
FY26662740.9%-43———————
Source Market data (mid-2026)· As of 31 Mar 2026

Revenue, EBITDA & margin

Bars ₹cr (left) · margin % (right)

Source Market data (mid-2026)· As of 31 Mar 2026

Quarterly

₹ crore · recent quarters.

Quarterly financials

₹ crore

QuarterRevenueEBITDAEBITDA %PATPAT %
Q1FY26179—-8-47.1%
Q2FY26143—-14-100.0%
Q3FY26166—-11-68.8%
Q4FY26199—-10-52.6%
Source Market data (mid-2026)· As of 31 Mar 2026

Revenue & margin trend

Bars ₹cr (left) · margin % (right)

Source Market data (mid-2026)· As of 31 Mar 2026

Valuation

As of 31 Mar 2026

P/B

-1.7×

Operating & order mix

Unit economics and the order book.

Shareholding

% · as of 31 Mar 2026

Shareholding pattern

%

Source Market data (mid-2026)· As of 31 Mar 2026