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Refex Industries Limited
Buy, Hold or Sell?

Let's analyse Refex together

PenkeI 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.

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.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Refex (30 sec.)










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?
50.0%

What is your share worth?

Current worth
INR142.03
Expected worth in 1 year
INR377.71
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR235.69
Return On Investment
175.6%

For what price can you sell your share?

Current Price per Share
INR134.20
Expected price per share
INR116.42 - INR699.43
How sure are you?
50%

1. Valuation of Refex (5 min.)




Live pricePrice per Share (EOD)

INR134.20

Intrinsic Value Per Share

INR-284.10 - INR-13.51

Total Value Per Share

INR-142.08 - INR128.51

2. Growth of Refex (5 min.)




Is Refex growing?

Current yearPrevious yearGrowGrow %
How rich?$37.7m$22m$15.6m41.5%

How much money is Refex making?

Current yearPrevious yearGrowGrow %
Making money$13.9m$5.4m$8.4m60.9%
Net Profit Margin7.1%10.2%--

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

3. Financial Health of Refex (5 min.)




4. Comparing to competitors in the Thermal Coal industry (5 min.)




  Industry Rankings (Thermal Coal)  


Richest
#70 / 107

Most Revenue
#56 / 107

Most Profit
#56 / 107

What can you expect buying and holding a share of Refex? (5 min.)

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

What can you expect buying and holding 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 INR134.20. 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 INR142.03. Based on the TTM, the Book Value Change Per Share is INR58.92 per quarter. Based on the YOY, the Book Value Change Per Share is INR20.08 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?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.630.5%0.630.5%0.250.2%0.290.2%0.150.1%
Usd Book Value Change Per Share0.710.5%0.710.5%0.240.2%0.330.2%0.170.1%
Usd Dividend Per Share0.000.0%0.000.0%0.010.0%0.010.0%0.010.0%
Usd Total Gains Per Share0.710.5%0.710.5%0.250.2%0.340.3%0.180.1%
Usd Price Per Share2.85-2.85-1.43-1.25-0.70-
Price to Earnings Ratio4.53-4.53-5.82-4.05-17.13-
Price-to-Total Gains Ratio4.03-4.03-5.80-3.51-14.48-
Price to Book Ratio1.67-1.67-1.44-1.50-3.48-
Price-to-Total Gains Ratio4.03-4.03-5.80-3.51-14.48-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.6104
Number of shares620
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.01
Usd Book Value Change Per Share0.710.33
Usd Total Gains Per Share0.710.34
Gains per Quarter (620 shares)438.38208.81
Gains per Year (620 shares)1,753.52835.26
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
101754174420815825
20350734984016311660
30526152525924462495
40701470067932623330
50876887609940774165
60105211051411948935000
70122751226813857085835
80140281402215865246670
90157821577617873397505
100175351753019881558340

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%11.02.00.084.6%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%11.02.00.084.6%
Dividend per Share0.00.01.00.0%2.00.01.066.7%4.00.01.080.0%5.00.05.050.0%5.00.08.038.5%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%11.02.00.084.6%

Fundamentals of Refex

About Refex Industries Limited

Refex Industries Limited engages in handling and disposal of fly ash in India. The company refills hydrofluorocarbons, which are used in air conditioners, refrigerators, and refrigerating equipment. It also generates and distributes solar power; trades in coal and solar accessories; and provides coal crushing and coal yard management services. The company was formerly known as Refex Refrigerants Limited and changed its name to Refex Industries Limited in November 2013. The company was incorporated in 2002 and is based in Chennai, India.

Fundamental data was last updated by Penke on 2024-03-12 15:34:02.

Financial Health

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 operating less efficient.
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 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.

Valuation

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.

1.1. Profitability of Refex Industries Limited.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Refex to the Thermal Coal industry mean.
  • A Net Profit Margin of 7.1% means that ₹0.07 for each ₹1 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%5Y7.2%-0.1%
5Y7.2%10Y5.4%+1.8%
Compared to industry (Thermal Coal)
PeriodCompanyIndustry (mean)+/- 
MRQ7.1%8.5%-1.4%
TTM7.1%10.7%-3.6%
YOY10.2%14.8%-4.6%
5Y7.2%7.2%+0.0%
10Y5.4%5.5%-0.1%
1.1.2. Return on Assets

Shows how efficient Refex is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Refex to the Thermal Coal industry mean.
  • 15.4% Return on Assets means that Refex generated ₹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%5Y16.9%-1.4%
5Y16.9%10Y9.8%+7.0%
Compared to industry (Thermal Coal)
PeriodCompanyIndustry (mean)+/- 
MRQ15.4%1.6%+13.8%
TTM15.4%1.9%+13.5%
YOY11.9%2.7%+9.2%
5Y16.9%1.5%+15.4%
10Y9.8%1.1%+8.7%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Refex to the Thermal Coal industry mean.
  • 36.9% Return on Equity means Refex generated ₹0.37 for each ₹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%5Y42.4%-5.5%
5Y42.4%10Y43.5%-1.0%
Compared to industry (Thermal Coal)
PeriodCompanyIndustry (mean)+/- 
MRQ36.9%3.8%+33.1%
TTM36.9%4.7%+32.2%
YOY24.7%8.6%+16.1%
5Y42.4%3.7%+38.7%
10Y43.5%2.8%+40.7%

1.2. Operating Efficiency of Refex Industries Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Refex is operating .

  • 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 compare Refex to the Thermal Coal industry mean.
  • An Operating Margin of 10.8% means the company generated ₹0.11  for each ₹1 in revenue (before taxes).

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

  • The MRQ is 10.8%. The company is operating less efficient.
  • The TTM is 10.8%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ10.8%TTM10.8%0.0%
TTM10.8%YOY12.8%-2.0%
TTM10.8%5Y10.6%+0.2%
5Y10.6%10Y7.5%+3.1%
Compared to industry (Thermal Coal)
PeriodCompanyIndustry (mean)+/- 
MRQ10.8%18.5%-7.7%
TTM10.8%12.0%-1.2%
YOY12.8%21.9%-9.1%
5Y10.6%12.5%-1.9%
10Y7.5%7.8%-0.3%
1.2.2. Operating Ratio

Measures how efficient Refex is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Thermal Coal industry mean).
  • An Operation Ratio of 0.90 means that the operating costs are ₹0.90 for each ₹1 in net sales.

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

  • The MRQ is 0.897. The company is less efficient in keeping operating costs low.
  • The TTM is 0.897. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.897TTM0.8970.000
TTM0.897YOY0.882+0.015
TTM0.8975Y0.900-0.003
5Y0.90010Y0.940-0.039
Compared to industry (Thermal Coal)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8971.426-0.529
TTM0.8971.324-0.427
YOY0.8821.284-0.402
5Y0.9001.412-0.512
10Y0.9401.146-0.206

1.3. Liquidity of Refex Industries Limited.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Thermal Coal industry mean).
  • A Current Ratio of 1.59 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
TTM1.5855Y1.572+0.013
5Y1.57210Y1.481+0.091
Compared to industry (Thermal Coal)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5851.334+0.251
TTM1.5851.334+0.251
YOY1.5711.255+0.316
5Y1.5721.296+0.276
10Y1.4811.164+0.317
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Refex to the Thermal Coal industry mean.
  • A Quick Ratio of 1.38 means the company can pay off ₹1.38 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 1.384. The company is able to pay all its short-term debts with the most liquid assets. +1
  • The TTM is 1.384. The company is able to pay all its short-term debts with the most liquid assets. +1
Trends
Current periodCompared to+/- 
MRQ1.384TTM1.3840.000
TTM1.384YOY2.051-0.667
TTM1.3845Y1.594-0.210
5Y1.59410Y1.503+0.091
Compared to industry (Thermal Coal)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3840.512+0.872
TTM1.3840.662+0.722
YOY2.0510.761+1.290
5Y1.5940.758+0.836
10Y1.5030.704+0.799

1.4. Solvency of Refex Industries Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Refex assets are financed with debt.

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

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
5Y0.57410Y0.741-0.166
Compared to industry (Thermal Coal)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5820.480+0.102
TTM0.5820.498+0.084
YOY0.5170.532-0.015
5Y0.5740.542+0.032
10Y0.7410.514+0.227
1.4.2. Debt to Equity Ratio

Measures if Refex is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Refex to the Thermal Coal 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
5Y1.48810Y7.109-5.621
Compared to industry (Thermal Coal)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3930.915+0.478
TTM1.3930.942+0.451
YOY1.0711.003+0.068
5Y1.4881.162+0.326
10Y7.1091.328+5.781

2. Market Valuation of Refex Industries Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₹1 in earnings Refex generates.

  • Above 15 is considered overpriced but always compare Refex to the Thermal Coal industry mean.
  • A PE ratio of 4.53 means the investor is paying ₹4.53 for every ₹1 in earnings.

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

  • The EOD is 2.560. Based on the earnings, the company is cheap. +2
  • The MRQ is 4.534. Based on the earnings, the company is cheap. +2
  • The TTM is 4.534. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD2.560MRQ4.534-1.974
MRQ4.534TTM4.5340.000
TTM4.534YOY5.818-1.285
TTM4.5345Y4.048+0.485
5Y4.04810Y17.133-13.085
Compared to industry (Thermal Coal)
PeriodCompanyIndustry (mean)+/- 
EOD2.5605.119-2.559
MRQ4.5344.678-0.144
TTM4.5344.493+0.041
YOY5.8183.659+2.159
5Y4.0484.133-0.085
10Y17.1337.179+9.954
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 -6.695. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -11.858. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -11.858. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-6.695MRQ-11.858+5.163
MRQ-11.858TTM-11.8580.000
TTM-11.858YOY-11.304-0.554
TTM-11.8585Y-2.640-9.217
5Y-2.64010Y-1.669-0.972
Compared to industry (Thermal Coal)
PeriodCompanyIndustry (mean)+/- 
EOD-6.6953.050-9.745
MRQ-11.8582.804-14.662
TTM-11.8581.850-13.708
YOY-11.3042.489-13.793
5Y-2.640-0.076-2.564
10Y-1.669-0.793-0.876
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Refex is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Thermal Coal industry mean).
  • A PB ratio of 1.67 means the investor is paying ₹1.67 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 0.945. Based on the equity, the company is cheap. +2
  • The MRQ is 1.674. Based on the equity, the company is underpriced. +1
  • The TTM is 1.674. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD0.945MRQ1.674-0.729
MRQ1.674TTM1.6740.000
TTM1.674YOY1.436+0.238
TTM1.6745Y1.502+0.172
5Y1.50210Y3.483-1.981
Compared to industry (Thermal Coal)
PeriodCompanyIndustry (mean)+/- 
EOD0.9451.104-0.159
MRQ1.6741.158+0.516
TTM1.6741.228+0.446
YOY1.4361.366+0.070
5Y1.5021.170+0.332
10Y3.4831.581+1.902
2. Total Gains per Share

3. Summary

3.1. 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+/-5 Year+/-10 Year+/-
Book Value Change Per Share--58.92258.9220%20.080+193%27.402+115%14.194+315%
Book Value Per Share--142.026142.0260%83.104+71%68.340+108%35.830+296%
Current Ratio--1.5851.5850%1.571+1%1.572+1%1.481+7%
Debt To Asset Ratio--0.5820.5820%0.517+13%0.574+1%0.741-21%
Debt To Equity Ratio--1.3931.3930%1.071+30%1.488-6%7.109-80%
Dividend Per Share----0%0.474-100%0.664-100%0.427-100%
Eps--52.43052.4300%20.505+156%24.136+117%12.561+317%
Free Cash Flow Per Share---20.046-20.0460%-10.554-47%9.360-314%3.772-631%
Free Cash Flow To Equity Per Share--7.0107.0100%-9.647+238%10.873-36%4.666+50%
Gross Profit Margin--0.9950.9950%0.988+1%0.952+4%0.943+5%
Intrinsic Value_10Y_max---13.513--------
Intrinsic Value_10Y_min---284.102--------
Intrinsic Value_1Y_max--7.066--------
Intrinsic Value_1Y_min---4.401--------
Intrinsic Value_3Y_max--14.813--------
Intrinsic Value_3Y_min---34.148--------
Intrinsic Value_5Y_max--14.824--------
Intrinsic Value_5Y_min---86.599--------
Market Cap2970691460.000-77%5261798510.0005261798510.0000%2640860590.000+99%2306823823.000+128%1285122896.500+309%
Net Profit Margin--0.0710.0710%0.102-30%0.072-1%0.054+33%
Operating Margin--0.1080.1080%0.128-15%0.106+2%0.075+43%
Operating Ratio--0.8970.8970%0.882+2%0.9000%0.940-5%
Pb Ratio0.945-77%1.6741.6740%1.436+17%1.502+11%3.483-52%
Pe Ratio2.560-77%4.5344.5340%5.818-22%4.048+12%17.133-74%
Price Per Share134.200-77%237.700237.7000%119.300+99%104.210+128%58.055+309%
Price To Free Cash Flow Ratio-6.695+44%-11.858-11.8580%-11.304-5%-2.640-78%-1.669-86%
Price To Total Gains Ratio2.278-77%4.0344.0340%5.804-30%3.505+15%14.478-72%
Quick Ratio--1.3841.3840%2.051-33%1.594-13%1.503-8%
Return On Assets--0.1540.1540%0.119+29%0.169-8%0.098+57%
Return On Equity--0.3690.3690%0.247+50%0.424-13%0.435-15%
Total Gains Per Share--58.92258.9220%20.554+187%28.067+110%14.621+303%
Usd Book Value--37727256.00037727256.0000%22075476.000+71%18153626.400+108%9517600.796+296%
Usd Book Value Change Per Share--0.7070.7070%0.241+193%0.329+115%0.170+315%
Usd Book Value Per Share--1.7041.7040%0.997+71%0.820+108%0.430+296%
Usd Dividend Per Share----0%0.006-100%0.008-100%0.005-100%
Usd Eps--0.6290.6290%0.246+156%0.290+117%0.151+317%
Usd Free Cash Flow---5324880.000-5324880.0000%-2803464.000-47%2486265.600-314%1001932.015-631%
Usd Free Cash Flow Per Share---0.241-0.2410%-0.127-47%0.112-314%0.045-631%
Usd Free Cash Flow To Equity Per Share--0.0840.0840%-0.116+238%0.130-36%0.056+50%
Usd Market Cap35648297.520-77%63141582.12063141582.1200%31690327.080+99%27681885.876+128%15421474.758+309%
Usd Price Per Share1.610-77%2.8522.8520%1.432+99%1.251+128%0.697+309%
Usd Profit--13927296.00013927296.0000%5446788.000+156%6447508.800+116%3354654.702+315%
Usd Revenue--195497952.000195497952.0000%53275056.000+267%91861502.400+113%49551305.588+295%
Usd Total Gains Per Share--0.7070.7070%0.247+187%0.337+110%0.175+303%
 EOD+3 -5MRQTTM+0 -0YOY+22 -145Y+21 -1510Y+27 -9

3.2. 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)Between0-152.560
Price to Book Ratio (EOD)Between0-10.945
Net Profit Margin (MRQ)Greater than00.071
Operating Margin (MRQ)Greater than00.108
Quick Ratio (MRQ)Greater than11.384
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
Total9/10 (90.0%)

3.3. 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 than5049.749
Ma 20Greater thanMa 50132.306
Ma 50Greater thanMa 100152.743
Ma 100Greater thanMa 200134.876
OpenGreater thanClose130.000
Total2/5 (40.0%)



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 Assets5,262,589
Long-term Assets2,260,421
Total Current Assets
Cash And Cash Equivalents 102,344
Short-term Investments 840,111
Net Receivables 2,812,418
Inventory 108,140
Other Current Assets 1,399,576
Total Current Assets  (as reported)5,262,589
Total Current Assets  (calculated)5,262,589
+/-0
Long-term Assets
Property Plant Equipment 1,499,624
Goodwill -1
Intangible Assets 466
Other Assets 22,805
Long-term Assets  (as reported)2,260,421
Long-term Assets  (calculated)1,522,894
+/- 737,527

Liabilities & Shareholders' Equity

Total Current Liabilities3,320,005
Long-term Liabilities1,059,067
Total Stockholder Equity3,143,938
Total Current Liabilities
Short-term Debt 439,882
Short Long Term Debt 413,724
Accounts payable 1,925,856
Other Current Liabilities 913,298
Total Current Liabilities  (as reported)3,320,005
Total Current Liabilities  (calculated)3,692,760
+/- 372,755
Long-term Liabilities
Long term Debt Total 1,054,342
Long-term Liabilities  (as reported)1,059,067
Long-term Liabilities  (calculated)1,054,342
+/- 4,725
Total Stockholder Equity
Common Stock221,070
Retained Earnings 2,322,142
Accumulated Other Comprehensive Income 42,274
Capital Surplus 558,452
Total Stockholder Equity (as reported)3,143,938
Total Stockholder Equity (calculated)3,143,938
+/-0
Other
Capital Stock221,070
Cash And Equivalents102,344
Cash and Short Term Investments 942,455
Common Stock Shares Outstanding 21,556
Current Deferred Revenue40,969
Liabilities and Stockholders Equity 7,523,010
Net Debt 1,391,880
Net Invested Capital 3,962,240
Net Working Capital 1,942,584
Property Plant and Equipment Gross 1,499,624
Short Long Term Debt Total 1,494,224



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-312013-03-312012-03-312011-03-31
> Total Assets 
1,047,415
717,279
531,640
353,091
699,706
1,187,562
600,502
979,039
1,585,092
1,379,177
3,413,409
3,809,346
7,523,010
7,523,0103,809,3463,413,4091,379,1771,585,092979,039600,5021,187,562699,706353,091531,640717,2791,047,415
   > Total Current Assets 
557,641
252,096
148,346
120,233
533,389
1,004,961
405,043
780,875
1,311,874
1,092,234
1,709,124
2,134,527
5,262,589
5,262,5892,134,5271,709,1241,092,2341,311,874780,875405,0431,004,961533,389120,233148,346252,096557,641
       Cash And Cash Equivalents 
17,631
2,803
11,308
12,022
6,238
2,471
7,650
6,965
38,740
209,561
172,458
9,345
102,344
102,3449,345172,458209,56138,7406,9657,6502,4716,23812,02211,3082,80317,631
       Short-term Investments 
0
0
0
0
0
0
0
353,792
79,900
5,954
504,217
806,033
840,111
840,111806,033504,2175,95479,900353,7920000000
       Net Receivables 
0
0
0
61,256
515,235
802,587
372,893
718,929
954,823
743,802
1,433,794
1,970,845
2,812,418
2,812,4181,970,8451,433,794743,802954,823718,929372,893802,587515,23561,256000
       Inventory 
129,721
34,766
36,098
40,321
6,196
12,079
12,238
52,260
75,869
31,825
54,864
74,647
108,140
108,14074,64754,86431,82575,86952,26012,23812,0796,19640,32136,09834,766129,721
       Other Current Assets 
410,289
214,527
100,939
67,890
520,955
990,411
385,155
721,649
1,197,265
850,848
48,008
79,690
1,399,576
1,399,57679,69048,008850,8481,197,265721,649385,155990,411520,95567,890100,939214,527410,289
   > Long-term Assets 
489,774
465,183
383,295
232,858
166,317
182,600
195,459
198,164
273,718
292,987
1,704,286
1,674,819
2,260,421
2,260,4211,674,8191,704,286292,987273,718198,164195,459182,600166,317232,858383,295465,183489,774
       Property Plant Equipment 
394,957
402,662
325,874
175,926
158,427
150,446
146,029
143,087
151,225
224,919
867,836
854,297
1,499,624
1,499,624854,297867,836224,919151,225143,087146,029150,446158,427175,926325,874402,662394,957
       Long Term Investments 
0
0
0
2,431
82
82
82
0
6,100
0
0
0
0
00006,10008282822,431000
       Intangible Assets 
0
0
0
0
0
0
0
0
221
0
519
519
466
466519519022100000000
       Long-term Assets Other 
94,817
62,521
57,421
56,931
7,890
25,240
43,218
55,077
31,729
-219,374
-1,607,832
70,000
3,577
3,57770,000-1,607,832-219,37431,72955,07743,21825,2407,89056,93157,42162,52194,817
> Total Liabilities 
654,859
558,797
529,722
339,378
655,790
1,090,496
498,874
868,037
1,157,802
621,146
2,018,280
1,969,723
4,379,072
4,379,0721,969,7232,018,280621,1461,157,802868,037498,8741,090,496655,790339,378529,722558,797654,859
   > Total Current Liabilities 
561,709
468,287
456,926
291,928
609,914
1,085,347
134,281
453,637
1,154,446
487,104
1,290,716
1,358,304
3,320,005
3,320,0051,358,3041,290,716487,1041,154,446453,637134,2811,085,347609,914291,928456,926468,287561,709
       Short-term Debt 
285,901
292,240
277,914
111,975
90,600
367,610
349,527
2,570
2,062
28,812
108,824
247,684
439,882
439,882247,684108,82428,8122,0622,570349,527367,61090,600111,975277,914292,240285,901
       Short Long Term Debt 
0
0
0
113,938
727
368,161
349,527
2,570
2,062
17,190
198
140,505
413,724
413,724140,50519817,1902,0622,570349,527368,161727113,938000
       Accounts payable 
170,158
79,483
68,504
74,231
494,092
627,059
84,656
414,051
1,011,807
412,023
1,003,835
772,539
1,925,856
1,925,856772,5391,003,835412,0231,011,807414,05184,656627,059494,09274,23168,50479,483170,158
       Other Current Liabilities 
105,650
96,564
110,509
105,722
25,222
90,678
49,624
37,016
140,577
40,720
55,474
190,957
913,298
913,298190,95755,47440,720140,57737,01649,62490,67825,222105,722110,50996,564105,650
   > Long-term Liabilities 
93,151
90,510
72,796
47,450
45,877
5,149
364,594
414,400
3,356
134,042
727,564
611,419
1,059,067
1,059,067611,419727,564134,0423,356414,400364,5945,14945,87747,45072,79690,51093,151
       Long term Debt Total 
0
0
0
0
0
551
349,527
409,456
1,792
90,208
632,711
603,321
1,054,342
1,054,342603,321632,71190,2081,792409,456349,52755100000
       Other Liabilities 
0
0
0
46,175
48,319
2,966
15,067
4,871
1,565
60,880
94,856
8,097
0
08,09794,85660,8801,5654,87115,0672,96648,31946,175000
> Total Stockholder Equity
392,556
158,482
1,918
13,713
43,916
97,066
101,628
111,002
427,290
758,031
1,395,129
1,839,623
3,143,938
3,143,9381,839,6231,395,129758,031427,290111,002101,62897,06643,91613,7131,918158,482392,556
   Common Stock
154,752
154,752
154,752
154,752
154,752
154,752
154,752
154,752
154,752
154,752
210,020
210,020
221,070
221,070210,020210,020154,752154,752154,752154,752154,752154,752154,752154,752154,752154,752
   Retained Earnings 
-36,818
-270,892
-427,456
-415,661
-385,458
-332,308
-327,746
-318,372
-2,077
329,184
717,563
1,161,534
2,322,142
2,322,1421,161,534717,563329,184-2,077-318,372-327,746-332,308-385,458-415,661-427,456-270,892-36,818
   Accumulated Other Comprehensive Income 
-65,279
-76,024
-96,562
-93,135
-115,691
-125,330
-133,124
-138,921
-17,878
-26,265
41,694
42,217
42,274
42,27442,21741,694-26,265-17,878-138,921-133,124-125,330-115,691-93,135-96,562-76,024-65,279
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
425,852
425,852
558,452
558,452425,852425,8520000000000
   Treasury Stock0000000000000
   Other Stockholders Equity 
339,901
350,646
371,184
367,757
390,313
399,952
407,746
274,622
274,615
-526,146
425,852
425,852
558,452
558,452425,852425,852-526,146274,615274,622407,746399,952390,313367,757371,184350,646339,901



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue16,291,496
Cost of Revenue-14,293,635
Gross Profit1,997,8611,997,861
 
Operating Income (+$)
Gross Profit1,997,861
Operating Expense-320,300
Operating Income1,677,8701,677,561
 
Operating Expense (+$)
Research Development0
Selling General Administrative52,449
Selling And Marketing Expenses6,219
Operating Expense320,30058,668
 
Net Interest Income (+$)
Interest Income194,104
Interest Expense-194,104
Other Finance Cost-194,104
Net Interest Income-194,104
 
Pretax Income (+$)
Operating Income1,677,870
Net Interest Income-194,104
Other Non-Operating Income Expenses0
Income Before Tax (EBT)1,563,8621,791,878
EBIT - interestExpense = 1,566,335
1,563,862
1,354,712
Interest Expense194,104
Earnings Before Interest and Taxes (EBIT)1,760,4391,757,966
Earnings Before Interest and Taxes (EBITDA)1,829,343
 
After tax Income (+$)
Income Before Tax1,563,862
Tax Provision-403,254
Net Income From Continuing Ops1,160,6091,160,608
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 Expenses14,613,935
Total Other Income/Expenses Net-114,008194,104
 

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 BULLISH with 28.6% 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 (28.6%) Bearish trend (-28.6%)
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. 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.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance 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: 699.43.

The bearish price targets are: 124.85 > 120.03 > 116.42.

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Refex Industries Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging 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 9/14.
The longshort score for the Moving Averages is 4/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower 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 below 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 higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above 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 the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum 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 0.16544945.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal 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
  • 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 5.04253049.

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

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Refex shares, leading to potential upward 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.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Refex Industries Limited. The current sar is 122.28.

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

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges 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 49.75. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending up: The RSI is trending up. +1
Refex Industries Limited Daily Relative Strength Index (RSI) ChartRefex Industries Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges 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 Correction in bull market.

The long score for the Stochastic Oscillator is 1/6.
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 below the STOCH %D 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
  • 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, 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 29.55.

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 0.45994052.

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

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend 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

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

  • Lagging momentum indicator
  • Ranging between 0 and -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 -50.57551448.

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

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 oversold 

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 9.5330162.

Refex Industries Limited Daily Average True Range (ATR) ChartRefex Industries Limited Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 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 112,233,347.

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 50.90.

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

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
2023-11-06RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-07STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-08MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-09STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-10ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-13ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-11-17ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-20ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-23STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-28STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-29STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-30WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-04ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-06ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-07CMO 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).
2023-12-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-11STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-12ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-13STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-18ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-19ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-20DMI 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
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-21ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-26ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-29ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-01MACD 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.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-02ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-03STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-09CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-10ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-12MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-15STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-16RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-17ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-19STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-20CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-24SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-15ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-27CMO 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).
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-04DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-05DMI 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.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-06ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-13ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-14ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-18CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-19DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-20DMI 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.
2024-03-21DMI 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
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-27CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-28CMO LONG ENTRY SHORT CLOSEZero line crossover to upside

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 than5049.749
Ma 20Greater thanMa 50132.306
Ma 50Greater thanMa 100152.743
Ma 100Greater thanMa 200134.876
OpenGreater thanClose130.000
Total2/5 (40.0%)
Penke

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