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532884 (Refex) Stock Analysis
Buy, Hold or Sell?

Let's analyze Refex together

I guess you are interested in Refex Industries Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • πŸ“Š Fundamental Analysis (FA) – Refex’s Financial Insights
  • πŸ“ˆ Technical Analysis (TA) – Refex’s Price Targets

I'm going to help you getting a better view of Refex Industries Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Refex (30 sec.)










1.2. What can you expect buying and holding a share of Refex? (30 sec.)

How much money do you get?

How much money do you get?
INR0.00
When do you have the money?
1 year
How often do you get paid?
20.0%

What is your share worth?

Current worth
INR142.21
Expected worth in 1 year
INR360.70
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR218.49
Return On Investment
48.6%

For what price can you sell your share?

Current Price per Share
INR449.25
Expected price per share
INR375.00 - INR574.70
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Refex (5 min.)




Live pricePrice per Share (EOD)
INR449.25
Intrinsic Value Per Share
INR-255.23 - INR-72.38
Total Value Per Share
INR-113.01 - INR69.84

2.2. Growth of Refex (5 min.)




Is Refex growing?

Current yearPrevious yearGrowGrow %
How rich?$36.7m$21.5m$15.2m41.5%

How much money is Refex making?

Current yearPrevious yearGrowGrow %
Making money$13.5m$5.3m$8.2m60.9%
Net Profit Margin7.1%10.2%--

How much money comes from the company's main activities?

2.3. Financial Health of Refex (5 min.)




2.4. Comparing to competitors in the Other industry (5 min.)




  Industry Rankings (Other)  

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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Refex?

Welcome investor! Refex's management wants to use your money to grow the business. In return you get a share of Refex.

First you should know what it really means to hold a share of Refex. And how you can make/lose money.

Speculation

The Price per Share of Refex is INR449.25. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Refex.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Refex, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR142.21. Based on the TTM, the Book Value Change Per Share is INR54.62 per quarter. Based on the YOY, the Book Value Change Per Share is INR21.14 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Refex.

How much money are you going to get?

 MRQTTMYOY3Y5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.610.1%0.610.1%0.250.1%0.370.1%0.290.1%0.150.0%
Usd Book Value Change Per Share0.640.1%0.640.1%0.250.1%0.410.1%0.320.1%0.170.0%
Usd Dividend Per Share0.000.0%0.000.0%0.010.0%0.010.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.640.1%0.640.1%0.250.1%0.420.1%0.320.1%0.170.0%
Usd Price Per Share2.78-2.78-1.40-1.76-1.22-0.68-
Price to Earnings Ratio4.52-4.52-5.52-4.95-3.90-16.74-
Price-to-Total Gains Ratio4.35-4.35-5.51-4.28-3.50-16.32-
Price to Book Ratio1.67-1.67-1.36-1.48-1.45-3.40-
Price-to-Total Gains Ratio4.35-4.35-5.51-4.28-3.50-16.32-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share5.256225
Number of shares190
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.640.32
Usd Total Gains Per Share0.640.32
Gains per Quarter (190 shares)121.4261.55
Gains per Year (190 shares)485.70246.18
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
104864763244236
209719625487482
30145714488731728
401943193411974974
50242824201312181220
60291429061614611466
70340033921917051712
80388638782119481958
90437143642421922204
100485748502724352450

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%10.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%10.00.00.0100.0%
Dividend per Share0.00.01.00.0%2.00.01.066.7%2.00.03.040.0%2.00.08.020.0%2.00.08.020.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%10.00.00.0100.0%
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3.2. Key Performance Indicators

The key performance indicators of Refex Industries Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-3Y+/-5 Year+/-10 Year+/-
Book Value Change Per Share--54.62254.6220%21.137+158%35.365+54%27.386+99%14.221+284%
Book Value Per Share--142.214142.2140%87.593+62%98.754+44%70.545+102%37.022+284%
Current Ratio--1.5851.5850%1.571+1%1.494+6%1.600-1%1.499+6%
Debt To Asset Ratio--0.5820.5820%0.517+13%0.563+3%0.574+1%0.740-21%
Debt To Equity Ratio--1.3931.3930%1.071+30%1.303+7%1.488-6%7.095-80%
Dividend Per Share----0%0.500-100%0.500-100%0.300-100%0.150-100%
Enterprise Value--1215342548.0001215342548.0000%955862885.000+27%949179703.667+28%597687402.200+103%120772643.500+906%
Eps--52.50052.5000%21.612+143%31.202+68%24.888+111%12.963+305%
Ev To Sales Ratio--0.0750.0750%0.215-65%0.132-44%0.080-7%-0.241+423%
Free Cash Flow Per Share---20.072-20.0720%-11.124-45%8.216-344%10.077-299%3.998-602%
Free Cash Flow To Equity Per Share--7.0197.0190%-10.168+245%16.816-58%11.386-38%4.824+46%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---72.379----------
Intrinsic Value_10Y_min---255.228----------
Intrinsic Value_1Y_max--6.355----------
Intrinsic Value_1Y_min---0.306----------
Intrinsic Value_3Y_max--8.723----------
Intrinsic Value_3Y_min---22.812----------
Intrinsic Value_5Y_max---1.412----------
Intrinsic Value_5Y_min---69.138----------
Market Cap9435148500.000+44%5248206548.0005248206548.0000%2504490885.000+110%3241595703.667+62%2245076002.200+134%1251259259.100+319%
Net Profit Margin--0.0710.0710%0.102-30%0.079-10%0.0710%0.053+34%
Operating Margin----0%-0%-0%0.013-100%0.021-100%
Operating Ratio--0.8730.8730%0.798+9%0.835+5%1.032-15%1.319-34%
Pb Ratio3.159+47%1.6691.6690%1.361+23%1.481+13%1.446+15%3.399-51%
Pe Ratio8.557+47%4.5224.5220%5.518-18%4.952-9%3.900+16%16.737-73%
Price Per Share449.250+47%237.400237.4000%119.250+99%150.183+58%104.400+127%58.329+307%
Price To Free Cash Flow Ratio-22.382-89%-11.827-11.8270%-10.720-9%-6.955-41%-2.584-78%-1.285-89%
Price To Total Gains Ratio8.225+47%4.3464.3460%5.511-21%4.285+1%3.499+24%16.324-73%
Quick Ratio--1.0251.0250%1.422-28%1.374-25%1.497-32%1.242-17%
Return On Assets--0.1540.1540%0.119+29%0.131+18%0.167-7%0.097+59%
Return On Equity--0.3690.3690%0.247+50%0.303+22%0.417-12%0.431-14%
Total Gains Per Share--54.62254.6220%21.637+152%35.865+52%27.686+97%14.371+280%
Usd Book Value--36784074.60036784074.6000%21523589.100+71%24879125.700+48%17702345.700+108%9280941.196+296%
Usd Book Value Change Per Share--0.6390.6390%0.247+158%0.414+54%0.320+99%0.166+284%
Usd Book Value Per Share--1.6641.6640%1.025+62%1.155+44%0.825+102%0.433+284%
Usd Dividend Per Share----0%0.006-100%0.006-100%0.004-100%0.002-100%
Usd Enterprise Value--14219507.81214219507.8120%11183595.755+27%11105402.533+28%6992942.606+103%1413039.929+906%
Usd Eps--0.6140.6140%0.253+143%0.365+68%0.291+111%0.152+305%
Usd Free Cash Flow---5191746.300-5191746.3000%-2733377.400-47%1932485.100-369%2424144.060-314%956474.619-643%
Usd Free Cash Flow Per Share---0.235-0.2350%-0.130-45%0.096-344%0.118-299%0.047-602%
Usd Free Cash Flow To Equity Per Share--0.0820.0820%-0.119+245%0.197-58%0.133-38%0.056+46%
Usd Market Cap110391237.450+44%61404016.61261404016.6120%29302543.355+110%37926669.733+62%26267389.226+134%14639733.331+319%
Usd Price Per Share5.256+47%2.7782.7780%1.395+99%1.757+58%1.221+127%0.682+307%
Usd Profit--13579113.60013579113.6000%5310606.600+156%7893163.200+72%6251328.720+117%3253292.082+317%
Usd Revenue--190610503.200190610503.2000%51943179.600+267%105524920.800+81%89564964.840+113%48318539.399+294%
Usd Total Gains Per Share--0.6390.6390%0.253+152%0.420+52%0.324+97%0.168+280%
 EOD+5 -3MRQTTM+0 -0YOY+23 -143Y+22 -155Y+20 -1810Y+28 -10

3.3 Fundamental Score

Let's check the fundamental score of Refex Industries Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-158.557
Price to Book Ratio (EOD)Between0-13.159
Net Profit Margin (MRQ)Greater than00.071
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than11.025
Current Ratio (MRQ)Greater than11.585
Debt to Asset Ratio (MRQ)Less than10.582
Debt to Equity Ratio (MRQ)Less than11.393
Return on Equity (MRQ)Greater than0.150.369
Return on Assets (MRQ)Greater than0.050.154
Total7/10 (70.0%)

3.4 Technical Score

Let's check the technical score of Refex Industries Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5046.107
Ma 20Greater thanMa 50470.905
Ma 50Greater thanMa 100446.236
Ma 100Greater thanMa 200425.500
OpenGreater thanClose451.450
Total3/5 (60.0%)

4. In-depth Analysis

4.1 About Refex Industries Limited

Refex Industries Limited engages in refilling and distributing refrigerant gases in India. The company operates in two segments, Refrigerant Gases and Solar Power. The company primarily refills hydrofluorocarbons, which are used in automobile and room air-conditioners, and refrigerating equipment. It also generates and distributes solar power; trades in solar accessories; and provides consultancy services, such as techo-commercial feasibility study for power evacuation systems, labor services for EPC contracts with respect to the solar business. The company was formerly known as Refex Refrigerants Limited and changed its name to Refex Industries Limited in November 2013. Refex Industries Limited was incorporated in 2002 and is based in Chennai, India.

Fundamental data was last updated by Penke on 2025-06-24 22:15:03.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is very efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is expensive.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profitΒ Refex earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compareΒ Refex to theΒ Other industry mean.
  • A Net Profit Margin of 7.1%Β means thatΒ ₹0.07 for each ₹1Β in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Refex Industries Limited:

  • The MRQ is 7.1%. The company is making a profit. +1
  • The TTM is 7.1%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ7.1%TTM7.1%0.0%
TTM7.1%YOY10.2%-3.1%
TTM7.1%5Y7.1%0.0%
5Y7.1%10Y5.3%+1.8%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ7.1%6.1%+1.0%
TTM7.1%5.8%+1.3%
YOY10.2%5.6%+4.6%
3Y7.9%5.9%+2.0%
5Y7.1%5.9%+1.2%
10Y5.3%6.1%-0.8%
4.3.1.2. Return on Assets

Shows howΒ efficientΒ Refex is using its assets to generate profit.

  • Above 5% is considered healthyΒ but always compareΒ Refex to theΒ Other industry mean.
  • 15.4% Return on Assets means thatΒ Refex generatedΒ ₹0.15 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Refex Industries Limited:

  • The MRQ is 15.4%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 15.4%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ15.4%TTM15.4%0.0%
TTM15.4%YOY11.9%+3.5%
TTM15.4%5Y16.7%-1.2%
5Y16.7%10Y9.7%+6.9%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ15.4%0.9%+14.5%
TTM15.4%0.9%+14.5%
YOY11.9%0.8%+11.1%
3Y13.1%1.0%+12.1%
5Y16.7%1.0%+15.7%
10Y9.7%1.0%+8.7%
4.3.1.3. Return on Equity

Shows how efficient Refex is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compareΒ Refex to theΒ Other industry mean.
  • 36.9% Return on Equity means Refex generated ₹0.37Β for eachΒ ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Refex Industries Limited:

  • The MRQ is 36.9%. Using its investors money, the company is very efficient in making profit. +2
  • The TTM is 36.9%. Using its investors money, the company is very efficient in making profit. +2
Trends
Current periodCompared to+/- 
MRQ36.9%TTM36.9%0.0%
TTM36.9%YOY24.7%+12.2%
TTM36.9%5Y41.7%-4.8%
5Y41.7%10Y43.1%-1.4%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ36.9%3.1%+33.8%
TTM36.9%2.4%+34.5%
YOY24.7%2.5%+22.2%
3Y30.3%2.8%+27.5%
5Y41.7%3.1%+38.6%
10Y43.1%3.0%+40.1%
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4.3.2. Operating Efficiency of Refex Industries Limited.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

MeasuresΒ how efficient Refex is operatingΒ .

  • Measures how much profit Refex makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compareΒ Refex to theΒ Other industry mean.
  • An Operating Margin of 0.0%Β means the company generated ₹0.00 Β for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Refex Industries Limited:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y1.3%-1.3%
5Y1.3%10Y2.1%-0.8%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ-10.8%-10.8%
TTM-6.2%-6.2%
YOY-8.7%-8.7%
3Y-2.1%-2.1%
5Y1.3%2.8%-1.5%
10Y2.1%5.7%-3.6%
4.3.2.2. Operating Ratio

Measures how efficient Refex is keepingΒ operating costsΒ low.

  • Below 1 is considered healthy (always compare toΒ Other industry mean).
  • An Operation Ratio of 0.87 means that the operating costs are ₹0.87 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Refex Industries Limited:

  • The MRQ is 0.873. The company is less efficient in keeping operating costs low.
  • The TTM is 0.873. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.873TTM0.8730.000
TTM0.873YOY0.798+0.075
TTM0.8735Y1.032-0.159
5Y1.03210Y1.319-0.287
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8731.491-0.618
TTM0.8731.498-0.625
YOY0.7981.519-0.721
3Y0.8351.533-0.698
5Y1.0321.515-0.483
10Y1.3191.506-0.187
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4.4.3. Liquidity of Refex Industries Limited.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Refex is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare toΒ Other industry mean).
  • A Current Ratio of 1.59Β means the company has ₹1.59 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Refex Industries Limited:

  • The MRQ is 1.585. The company is able to pay all its short-term debts. +1
  • The TTM is 1.585. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.585TTM1.5850.000
TTM1.585YOY1.571+0.014
TTM1.5855Y1.600-0.015
5Y1.60010Y1.499+0.101
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5851.393+0.192
TTM1.5851.380+0.205
YOY1.5711.503+0.068
3Y1.4941.487+0.007
5Y1.6001.522+0.078
10Y1.4991.476+0.023
4.4.3.2. Quick Ratio

Measures if Refex is able to pay off Short-term Debt but only usingΒ theΒ most liquid assets.

  • Above 1 is considered healthy butΒ always compareΒ Refex to theΒ Other industry mean.
  • A Quick Ratio of 1.02Β means the company can pay off ₹1.02 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Refex Industries Limited:

  • The MRQ is 1.025. The company is just able to pay all its short-term debts with the most liquid assets.
  • The TTM is 1.025. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ1.025TTM1.0250.000
TTM1.025YOY1.422-0.397
TTM1.0255Y1.497-0.472
5Y1.49710Y1.242+0.255
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0250.494+0.531
TTM1.0250.482+0.543
YOY1.4220.497+0.925
3Y1.3740.495+0.879
5Y1.4970.519+0.978
10Y1.2420.555+0.687
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4.5.4. Solvency of Refex Industries Limited.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much %Β of RefexΒ assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compareΒ Refex to Other industry mean.
  • A Debt to Asset Ratio of 0.58Β means that Refex assets areΒ financed with 58.2% credit (debt) and the remaining percentage (100% - 58.2%)Β is financed by its owners/shareholders.Β 

Let's take a look of the Debt to Asset Ratio trends of Refex Industries Limited:

  • The MRQ is 0.582. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.582. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.582TTM0.5820.000
TTM0.582YOY0.517+0.065
TTM0.5825Y0.574+0.008
5Y0.57410Y0.740-0.166
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5820.556+0.026
TTM0.5820.564+0.018
YOY0.5170.540-0.023
3Y0.5630.539+0.024
5Y0.5740.567+0.007
10Y0.7400.577+0.163
4.5.4.2. Debt to Equity Ratio

Measures ifΒ Refex is able toΒ pay off its debts by usingΒ shareholders equity.

  • Below 2 is considered healthy butΒ always compareΒ Refex to theΒ Other industry mean.
  • A Debt to Equity ratio of 139.3% means that company has ₹1.39 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Refex Industries Limited:

  • The MRQ is 1.393. The company is able to pay all its debts with equity. +1
  • The TTM is 1.393. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.393TTM1.3930.000
TTM1.393YOY1.071+0.322
TTM1.3935Y1.488-0.095
5Y1.48810Y7.095-5.607
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3931.270+0.123
TTM1.3931.359+0.034
YOY1.0711.259-0.188
3Y1.3031.439-0.136
5Y1.4881.433+0.055
10Y7.0951.478+5.617
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

MeasuresΒ how much money you payΒ for each share forΒ every ₹1 in earnings Refex generates.

  • Above 15 is considered overpriced butΒ always compareΒ Refex to theΒ Other industry mean.
  • A PE ratio of 4.52 means the investor is paying ₹4.52Β for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Refex Industries Limited:

  • The EOD is 8.557. Based on the earnings, the company is underpriced. +1
  • The MRQ is 4.522. Based on the earnings, the company is cheap. +2
  • The TTM is 4.522. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD8.557MRQ4.522+4.035
MRQ4.522TTM4.5220.000
TTM4.522YOY5.518-0.996
TTM4.5225Y3.900+0.622
5Y3.90010Y16.737-12.837
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
EOD8.55712.867-4.310
MRQ4.52213.609-9.087
TTM4.52212.438-7.916
YOY5.51812.113-6.595
3Y4.95210.003-5.051
5Y3.90013.781-9.881
10Y16.73712.889+3.848
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Refex Industries Limited:

  • The EOD is -22.382. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -11.827. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -11.827. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-22.382MRQ-11.827-10.554
MRQ-11.827TTM-11.8270.000
TTM-11.827YOY-10.720-1.107
TTM-11.8275Y-2.584-9.244
5Y-2.58410Y-1.285-1.299
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
EOD-22.3825.075-27.457
MRQ-11.8275.497-17.324
TTM-11.8275.735-17.562
YOY-10.7204.130-14.850
3Y-6.9550.265-7.220
5Y-2.5843.402-5.986
10Y-1.2851.825-3.110
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price ofΒ Refex is to cheap or to expensiveΒ compared to its book value.

  • At or below 1 is considered healthyΒ (always compare to Other industry mean).
  • A PB ratio of 1.67 means the investor is paying ₹1.67Β for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Refex Industries Limited:

  • The EOD is 3.159. Based on the equity, the company is fair priced.
  • The MRQ is 1.669. Based on the equity, the company is underpriced. +1
  • The TTM is 1.669. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD3.159MRQ1.669+1.490
MRQ1.669TTM1.6690.000
TTM1.669YOY1.361+0.308
TTM1.6695Y1.446+0.223
5Y1.44610Y3.399-1.953
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
EOD3.1591.240+1.919
MRQ1.6691.255+0.414
TTM1.6691.311+0.358
YOY1.3611.306+0.055
3Y1.4811.317+0.164
5Y1.4461.634-0.188
10Y3.3991.572+1.827
4.6.2. Total Gains per Share
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6. Financial Statements




6.1. Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets7,523,010
Total Liabilities4,379,072
Total Stockholder Equity3,143,938
 As reported
Total Liabilities 4,379,072
Total Stockholder Equity+ 3,143,938
Total Assets = 7,523,010

Assets

Total Assets7,523,010
Total Current Assets5,262,587
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 101,789
Short-term Investments 243,864
Net Receivables 2,812,418
Inventory 1,433,139
Other Current Assets 62,411
Total Current Assets  (as reported)5,262,587
Total Current Assets  (calculated)4,653,621
+/- 608,966
Long-term Assets
Property Plant Equipment 1,499,627
Intangible Assets 465
Long-term Assets  (as reported)0
Long-term Assets  (calculated)1,500,092
+/- 1,500,092

Liabilities & Shareholders' Equity

Total Current Liabilities3,320,005
Long-term Liabilities0
Total Stockholder Equity3,143,938
Total Current Liabilities
Short-term Debt 319,100
Total Current Liabilities  (as reported)3,320,005
Total Current Liabilities  (calculated)319,100
+/- 3,000,905
Long-term Liabilities
Long term Debt Total 1,054,342
Capital Lease Obligations Min Short Term Debt-319,100
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)735,242
+/- 735,242
Total Stockholder Equity
Common Stock221,070
Retained Earnings 2,366,848
Capital Surplus 558,452
Other Stockholders Equity -2,432
Total Stockholder Equity (as reported)3,143,938
Total Stockholder Equity (calculated)3,143,938
+/-0
Other
Cash And Equivalents555
Cash and Short Term Investments 346,208
Common Stock Shares Outstanding 22,107
Liabilities and Stockholders Equity 7,523,010
Net Working Capital 1,942,582



6.2. Balance Sheets Structured

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-31
> Total Assets 
353,091
699,706
1,178,129
600,502
974,697
1,585,092
1,379,688
3,413,982
3,809,346
7,523,010
7,523,0103,809,3463,413,9821,379,6881,585,092974,697600,5021,178,129699,706353,091
   > Total Current Assets 
120,233
533,399
995,286
405,043
790,741
1,311,874
1,092,246
1,709,199
2,134,527
5,262,587
5,262,5872,134,5271,709,1991,092,2461,311,874790,741405,043995,286533,399120,233
       Cash And Cash Equivalents 
12,022
6,248
2,471
7,650
6,965
38,740
209,517
165,608
2,884
101,789
101,7892,884165,608209,51738,7406,9657,6502,4716,24812,022
       Short-term Investments 
0
0
0
0
353,792
79,856
91,075
510,941
346,488
243,864
243,864346,488510,94191,07579,856353,7920000
       Net Receivables 
61,256
515,235
802,587
89,818
365,137
874,967
722,727
929,579
1,164,254
2,812,418
2,812,4181,164,254929,579722,727874,967365,13789,818802,587515,23561,256
       Inventory 
40,321
6,196
12,079
12,238
52,260
75,869
31,825
54,864
74,647
1,433,139
1,433,13974,64754,86431,82575,86952,26012,23812,0796,19640,321
       Other Current Assets 
6,634
5,721
4,095
621
2,720
231,467
37,047
48,008
0
62,411
62,411048,00837,047231,4672,7206214,0955,7216,634
   > Long-term Assets 
0
0
0
195,459
198,164
273,718
0
0
0
0
0000273,718198,164195,459000
       Property Plant Equipment 
175,926
158,427
150,446
146,029
143,087
151,225
219,374
867,832
853,716
1,499,627
1,499,627853,716867,832219,374151,225143,087146,029150,446158,427175,926
       Long Term Investments 
2,431
82
82
82
0
0
0
0
0
0
0000008282822,431
       Intangible Assets 
0
0
0
0
0
221
0
0
518
465
4655180022100000
       Long-term Assets Other 
0
0
0
23,954
10,548
25,126
0
0
0
0
000025,12610,54823,954000
> Total Liabilities 
339,378
655,790
1,081,064
498,874
863,695
1,157,803
621,135
2,018,280
1,969,723
4,379,072
4,379,0721,969,7232,018,280621,1351,157,803863,695498,8741,081,064655,790339,378
   > Total Current Liabilities 
291,928
606,921
1,077,547
134,281
449,368
1,154,446
458,281
1,290,715
1,358,305
3,320,005
3,320,0051,358,3051,290,715458,2811,154,446449,368134,2811,077,547606,921291,928
       Short-term Debt 
113,938
91,878
368,161
349,527
0
0
0
0
117,944
319,100
319,100117,9440000349,527368,16191,878113,938
       Short Long Term Debt 
113,938
91,878
368,161
349,527
2,570
2,062
0
0
0
0
00002,0622,570349,527368,16191,878113,938
       Accounts payable 
74,231
494,092
627,059
84,656
414,065
1,011,807
412,023
0
0
0
000412,0231,011,807414,06584,656627,059494,09274,231
       Other Current Liabilities 
99,006
20,153
70,145
26,165
16,309
98,154
5,922
0
0
0
0005,92298,15416,30926,16570,14520,15399,006
   > Long-term Liabilities 
0
0
0
364,594
414,400
3,356
0
0
0
0
00003,356414,400364,594000
       Long term Debt Total 
0
0
551
349,527
409,456
1,792
90,208
632,711
603,321
1,054,342
1,054,342603,321632,71190,2081,792409,456349,52755100
       Capital Lease Obligations 
0
0
0
0
3,271
0
0
0
0
0
000003,2710000
       Long-term Liabilities Other 
0
0
0
11,940
54,140
-2
0
0
0
0
0000-254,14011,940000
> Total Stockholder Equity
13,713
43,916
97,066
101,628
111,002
427,289
758,553
1,395,702
1,839,623
3,143,938
3,143,9381,839,6231,395,702758,553427,289111,002101,62897,06643,91613,713
   Common Stock
154,752
154,752
154,752
154,752
154,752
154,752
154,752
210,020
210,020
221,070
221,070210,020210,020154,752154,752154,752154,752154,752154,752154,752
   Retained Earnings Total Equity0000000000
   Accumulated Other Comprehensive Income 0000000000
   Capital Surplus 
0
0
0
0
0
0
0
425,852
425,852
558,452
558,452425,852425,8520000000
   Treasury Stock0000000000
   Other Stockholders Equity 
0
0
0
0
0
-8
-527
-516
7
-2,432
-2,4327-516-527-800000



6.3. Balance Sheets

Currency in INR. All numbers in thousands.




6.4. Cash Flows

Currency in INR. All numbers in thousands.




6.5. Income Statements

Currency in INR. All numbers in thousands.


6.6. Latest Income Statement

Income Statement (annual), 2023-03-31. Currency in INR. All numbers in thousands.

Gross Profit (+$)
totalRevenue16,291,496
Cost of Revenue-14,225,944
Gross Profit2,065,5522,065,552
 
Operating Income (+$)
Gross Profit2,065,552
Operating Expense-0
Operating Income1,675,5262,065,552
 
Operating Expense (+$)
Research Development0
Selling General Administrative318,958
Selling And Marketing Expenses0
Operating Expense0318,958
 
Net Interest Income (+$)
Interest Income61,320
Interest Expense-0
Other Finance Cost-61,320
Net Interest Income0
 
Pretax Income (+$)
Operating Income1,675,526
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)1,563,8621,675,526
EBIT - interestExpense = 0
1,160,608
1,160,608
Interest Expense0
Earnings Before Interest and Taxes (EBIT)01,563,862
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax1,563,862
Tax Provision-403,254
Net Income From Continuing Ops01,160,608
Net Income1,160,608
Net Income Applicable To Common Shares1,160,608
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net00
 

Technical Analysis of Refex
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Refex. The general trend of Refex is NEUTRAL with 0.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Refex's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (0.0%) Bearish trend (0.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Refex Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

SupportΒ is a price level at which demand for an asset is strong enough to prevent the price from falling further.
ResistanceΒ is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Refex Industries Limited.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 525.60 < 534.00 < 574.70.

The bearish price targets are: 427.75 > 397.90 > 375.00.

Know someone who trades $532884? Share this with them.πŸ‘‡

Refex Industries Limited Daily Support & Resistance Chart
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2. Trend Indicators

2.1 Moving Averages

Shows theΒ moving averageΒ of the selected period.

  • Moving averages are laggingΒ trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Refex Industries Limited. The current mas is .

The long score for the Moving Averages is 7/14.
The longshort score for the Moving Averages is 0/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Refex Industries Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows theΒ momentumΒ of theΒ selected period based on two moving averages.

  • MACD is aΒ lagging momentumΒ indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Refex Industries Limited. The current macd is 0.08643488.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Refex price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Refex. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Refex price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Refex Industries Limited Daily Moving Average Convergence/Divergence (MACD) ChartRefex Industries Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Refex Industries Limited. The current adx is 17.15.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Refex shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Refex Industries Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • ShowsΒ the current trend.
  • ShowsΒ potential entry signals.
  • ShowsΒ Β potential exit signals.
  • Can be used to placeΒ trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Refex Industries Limited. The current sar is 431.43.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Refex Industries Limited Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentumΒ indicator, meaning the signals are instant.
  • RangesΒ between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Refex Industries Limited. The current rsi is 46.11. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending down: The RSI is trending down. -1
Refex Industries Limited Daily Relative Strength Index (RSI) ChartRefex Industries Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

ComparesΒ a certain price to multiple prices ranging over time.

  • LeadingΒ momentumΒ indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • RangesΒ between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Refex Industries Limited. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Refex price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Refex Industries Limited Daily Stochastic Oscillator ChartRefex Industries Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,Β the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Refex Industries Limited. The current cci is -87.98323094.

Refex Industries Limited Daily Commodity Channel Index (CCI) ChartRefex Industries Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Refex Industries Limited. The current cmo is -16.86525902.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Refex Industries Limited Daily Chande Momentum Oscillator (CMO) ChartRefex Industries Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

Β Shows the current price relative to the highest high over the last 14 days.
Β 

  • Lagging momentum indicator
  • Ranging between 0 andΒ -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Refex Industries Limited. The current willr is -60.55045872.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Refex is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Refex Industries Limited Daily Williams %R ChartRefex Industries Limited Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversoldΒ 

Score

Let's take a look at the Bollinger Bands of Refex Industries Limited.

Refex Industries Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Refex Industries Limited. The current atr is 18.61.

Refex Industries Limited Daily Average True Range (ATR) ChartRefex Industries Limited Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

Β Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Refex Industries Limited. The current obv is 7,411,657.

Refex Industries Limited Daily On-Balance Volume (OBV) ChartRefex Industries Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Refex Industries Limited. The current mfi is 27.07.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Refex Industries Limited Daily Money Flow Index (MFI) ChartRefex Industries Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Refex Industries Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2025-02-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2025-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-02-07STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-02-10BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-02-12RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-13BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-02-14STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-02-18STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-19RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2025-02-20SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2025-02-21CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-02-24MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-02-25STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-03MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2025-03-04SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-03-05MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-06CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-07SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-03-10STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-11CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-13WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-03-17SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-03-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-24MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-25STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-27STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-28STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-01STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-04-02DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-04-03CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-04-04STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-07DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-04-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2025-04-11STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-04-15WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-04-16ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-04-17STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-04-21STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-04-22STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-24RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-04-25ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-28SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-04-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-05-02DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-05-07STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-09STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-05-12STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-13DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2025-05-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-05-19MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-05-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-05-22STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-05-27BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-05-28STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-30STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-06-02BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-06-03ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-06-04RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-06-06STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-10RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-11SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-06-13CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-06-16MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2025-06-19DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-06-20STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-23WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2025-06-24MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2025-06-25DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-06-26SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-06-27DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2025-06-30STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2025-07-01STOCH LONG EXITThe %K line crosses below the %D line.
2025-07-02STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Refex Industries Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Refex Industries Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5046.107
Ma 20Greater thanMa 50470.905
Ma 50Greater thanMa 100446.236
Ma 100Greater thanMa 200425.500
OpenGreater thanClose451.450
Total3/5 (60.0%)
Penke
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