Refex Industries

Refex Industries

Thermal Coal · REFEX
Small CapEnergyHigh Growth
Anil Jain
Anil Jain
Managing Director · Transformational
Company DNA
Pace — Speed of executionPaceInnovation — Disruption appetiteInnovCulture — Organizational valuesCultrEfficiency — Operational focusEfficPurpose — Profit vs mission balancePurpsBrand — Market perceptionBrand
Founder-Centric
About
Refex Industries is a Small Cap company in the Energy sector, listed on NSE as REFEX. With a market cap of ₹3K Cr and revenue of ₹2K Cr, it is currently in the High Growth phase. Known for its Founder-Centric culture and Fast-Follower approach to innovation, the company operates at a Startup-Speed pace. Strong influence of Managing Director Anil Jain in diversifying operations; decision-making remains highly centralized around founder vision. Its strategic mandate: The transition into new energy and industrial service segments requires a leadership style capable of managing a rapidly diversifying business model.
FAQ
What kind of company is Refex Industries?
Refex Industries is a Small Cap Energy company (REFEX) in the High Growth phase with a market cap of ₹3K Cr. It is classified as Founder-Centric in culture.
What is Refex Industries's culture and work environment like?
Refex Industries has a Founder-Centric culture with Fast-Follower innovation DNA and a Startup-Speed pace of execution. Employee brand: Demanding Machine. Customer relationship style: B2B-Enterprise. Strong influence of Managing Director Anil Jain in diversifying operations; decision-making remains highly centralized around founder vision.
Who leads Refex Industries?
Refex Industries is led by Anil Jain (Managing Director), a Transformational leader with 27 years of experience.
What are Refex Industries's financials?
Refex Industries reported revenue of ₹2K Cr in FY25 with a 5-year revenue CAGR of 77%. Operating margin: 7.3%. Market cap: ₹3K Cr.

Culture & Strategy

CultureFounder-Centric
InnovationFast-Follower
PaceStartup-Speed
PurposePurpose-Blended
CustomerB2B-Enterprise
EmployeeDemanding Machine
BrandTechnical-Expert
LifecycleHigh Growth
Strong influence of Managing Director Anil Jain in diversifying operations; decision-making remains highly centralized around founder vision.
Mandate
The transition into new energy and industrial service segments requires a leadership style capable of managing a rapidly diversifying business model.

Financials

Revenue FY25₹2K Cr
PAT FY25₹159 Cr
Rev CAGR 5Y77%
OPM7.3%
NPM6.5%
ROE13.1%
ROCE12.7%
P/E15.3
Fwd P/E
P/B2.1
D/E13.7
Mkt Cap₹3K Cr
Promoter56.8%
Institutional0.5%