| Quarterly Financials | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 0 | 0 | 0 | 74 | 8 | 10 | 26 | 20 | 11 | 26 | 23 | 24 | 12 | 28 | 13 | 23 | 19 | 12 | 20 | 46 | 29 | 21 | 23 | 20 | 18 | 14 | 17 | 25 | 19 | 15 |
| Expenses | 0 | 0 | 0 | 63 | 9 | 16 | 26 | 23 | 11 | 24 | 22 | 38 | 15 | 16 | 19 | 20 | 12 | 10 | 11 | 35 | 9 | 11 | 13 | 11 | 9 | 9 | 8 | 10 | 8 | 11 |
| EBITDA | 0 | 0 | 0 | 11 | -1 | -6 | 0 | -3 | 0 | 2 | 2 | -13 | -4 | 12 | -7 | 3 | 6 | 2 | 8 | 11 | 20 | 11 | 11 | 9 | 9 | 5 | 9 | 15 | 11 | 4 |
| Operating Profit % | 0 % | 0 % | 0 % | 11 % | -18 % | -77 % | -0 % | -14 % | -2 % | 7 % | -3 % | -154 % | -44 % | -5 % | -75 % | -18 % | 19 % | -2 % | 35 % | -2 % | 47 % | 48 % | 39 % | 38 % | 49 % | 35 % | 48 % | 51 % | 52 % | 22 % |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 4 | 4 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 4 | 5 | 5 | 5 | 4 | 5 | 5 | 5 | 5 | 5 |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 4 | 2 | 2 | 6 | 7 | 4 | 5 | 5 | 5 | 7 | 7 | 7 | 13 | 11 | 11 | 11 | 10 | 10 | 10 | 11 | 12 | 11 | 12 |
| Profit Before Tax | 0 | 0 | 0 | 11 | -2 | -7 | -1 | -10 | -6 | -4 | -8 | -24 | -11 | 2 | -16 | -7 | -5 | -9 | -4 | -5 | 6 | -5 | -5 | -5 | -6 | -10 | -7 | -1 | -5 | -12 |
| Tax | 0 | 0 | 0 | 3 | 0 | 0 | -0 | 2 | 0 | 1 | 2 | -17 | 1 | 2 | 2 | -0 | 0 | 1 | 1 | 6 | 9 | 6 | 6 | 6 | 3 | 3 | 4 | 4 | 2 | 2 |
| Net Profit | 0 | 0 | 0 | 8 | -2 | -7 | -1 | -12 | -6 | -4 | -10 | -7 | -12 | 0 | -18 | -7 | -5 | -10 | -4 | -11 | -3 | -11 | -11 | -11 | -9 | -13 | -10 | -5 | -8 | -14 |
| EPS in ₹ | -0.08 | 0.11 | 0.00 | 17.16 | -3.42 | -16.00 | -1.04 | -27.00 | -13.00 | -10.00 | -22.10 | -14.03 | -27.51 | -0.06 | -39.18 | -15.57 | -11.04 | -21.49 | -9.37 | -25.24 | -5.61 | -23.23 | -23.54 | -24.01 | -18.94 | -28.28 | -22.67 | -11.35 | -16.78 | -31.89 |
Refex Renewables Infrastructure
Refex Renewables Infrastructure
275.75
+2.65
(0.97%)
Market Cap
₹- Cr
PE Ratio
-
Volume
4,445.00
Day High - Low
₹284.45 - ₹268.00
52W High-Low
₹1,183.00 - ₹273.10
Key Fundamentals
Market Cap
- Cr
EPS
-
PB Ratio
-
Book Value
-146.83
EBITDA
-
Dividend Yield
- %
Industry
Construction Sector
Civil Construction ROE Growth %
-
Debt to Equity
-
Actual
Company News
View All News
Refex Renewables' Step-Down Subsidiary Faces Insolvency Petition Over ₹34.24 Crore Default
Nov 18, 2025
Nov 18, 2025SILRES Energy Solutions Private Limited has filed an insolvency petition against Sherisha Solar LLP, a step-down subsidiary of Refex Renewables Infrastructure Limited, before the National Company Law Tribunal Chennai Bench for an alleged payment default of ₹34,24,38,916. The subsidiary intends to vigorously contest the petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016.
Refex Renewables Board Reviews Promoter Reclassification Request from Avyan Pashupathy Capital AdvisorsNov 10, 2025
Nov 10, 2025Refex Renewables Infrastructure Limited's Board of Directors reviewed a request from promoter Avyan Pashupathy Capital Advisors Private Limited (APCAPL) to reclassify from promoter category to public category in the shareholding pattern. APCAPL holds 13,91,869 equity shares representing 30.95% of the voting share capital. The Board noted that the request does not specify how pre-conditions under SEBI regulations are met. The Board has requested the Compliance Officer to seek legal opinion on the matter and available courses of action before making a decision in compliance with SEBI LODR Regulations. The company received the reclassification letter on November 03, 2025, and will follow due process as required under regulations.
Refex Renewables Reports Q2 Losses, Proposes Name Change to Ecosphere Sustainable EnergyNov 10, 2025
Nov 10, 2025Refex Renewables Infrastructure Limited reported quarterly results for the period ended September 30, 2025, showing revenue from operations of INR 188 lakhs on standalone basis and INR 1,317 lakhs on consolidated basis. The company incurred losses with net worth being fully eroded, raising substantial doubt about its ability to continue as a going concern. The Board approved allotment of 1,381 equity shares under ESOP scheme, increasing paid-up capital to INR 4.50 crores. The company seeks shareholder approval through postal ballot to change its name from Refex Renewables Infrastructure Limited to Ecosphere Sustainable Energy Limited, reflecting broader sustainability focus and strategic direction. The name change aims to better represent the company's evolution beyond traditional renewable energy into comprehensive sustainable energy solutions.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
208.10 | - | #1 - | - | - | - | - | 45.36 | |
87.00 | - | #1 - | - | - | - | - | 34.82 | |
0.54 | - | #1 - | - | - | - | - | 34.81 | |
90.25 | - | #1 - | - | - | - | - | 48.32 | |
61.00 | - | #1 - | - | - | - | - | 37.51 | |
151.25 | - | #1 - | - | - | - | - | 46.18 | |
107.17 | - | #1 - | - | - | - | - | 41.18 | |
33.00 | - | #1 - | - | - | - | - | 40.91 | |
3.47 | - | #1 - | - | - | - | - | 60.59 | |
65.00 | - | #1 - | - | - | - | - | 53.80 |
Growth Rate
Revenue Growth
-
Net Income Growth
-
Cash Flow Change
-
ROE
-
ROCE
-
EBITDA Margin (Avg.)
-
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 5 | 74 | 308 | 390 | 553 | 603 | 510 | 517 |
| Fixed Assets | 0 | 13 | 169 | 171 | 173 | 172 | 458 | 453 |
| Current Assets | 4 | 52 | 89 | 133 | 106 | 98 | 34 | 38 |
| Capital Work in Progress | 0 | 0 | 19 | 33 | 231 | 288 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 5 | 61 | 120 | 186 | 149 | 143 | 53 | 64 |
| Total Liabilities | 5 | 74 | 308 | 390 | 553 | 603 | 510 | 517 |
| Current Liabilities | 0 | 51 | 62 | 61 | 157 | 99 | 76 | 72 |
| Non Current Liabilities | 0 | 12 | 135 | 151 | 327 | 463 | 427 | 492 |
| Total Equity | 5 | 12 | 112 | 179 | 69 | 41 | 8 | -47 |
| Reserve & Surplus | 0 | 8 | 117 | -41 | -74 | -97 | -121 | -180 |
| Share Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
Cash Flow
| Cash Flow | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 5 | -4 | 10 | -1 | -3 | -1 | 5 |
| Investing Activities | 2 | 5 | -62 | -159 | -74 | -15 | -40 |
| Operating Activities | -1 | -14 | -46 | 84 | -55 | 121 | 27 |
| Financing Activities | 3 | 5 | 119 | 74 | 125 | -107 | 18 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 74.97 % | 74.89 % | 74.89 % | 74.89 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| DIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 22.49 % | 22.45 % | 22.77 % | 22.55 % | 21.70 % | 21.33 % | 21.37 % | 21.36 % | 21.27 % | 21.25 % | 21.05 % | 21.02 % | 21.10 % | 20.77 % | 20.87 % | 20.51 % | 20.64 % | 20.80 % | 20.48 % |
| Others | 2.51 % | 2.55 % | 2.23 % | 2.45 % | 3.30 % | 3.67 % | 3.63 % | 3.64 % | 3.73 % | 3.75 % | 3.95 % | 3.98 % | 3.90 % | 4.23 % | 4.13 % | 4.51 % | 4.47 % | 4.31 % | 4.63 % |
| No of Share Holders | 763 | 737 | 783 | 890 | 862 | 871 | 1,069 | 1,094 | 1,105 | 1,166 | 1,266 | 1,325 | 2,495 | 2,580 | 2,486 | 2,809 | 2,798 | 2,717 | 2,690 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 25 Oct 2022 |  Change Of Name | NA | 25 Oct 2022 | 498.95 | 498.95 |
| 27 Sept 2024 |  Annual General Meeting | NA | 27 Sept 2024 | 655.80 | 838.80 |
| 08 Nov 2024 |  Quarterly Result Announcement | NA | 08 Nov 2024 | 1,143.45 | 1,131.90 |
| 05 Feb 2025 | Quarterly Result Announcement | NA | 05 Feb 2025 | 704.30 | 717.00 |
| 21 May 2025 | Quarterly Result Announcement | NA | 21 May 2025 | 718.75 | 798.00 |
| 07 Aug 2025 | Quarterly Result Announcement | NA | 07 Aug 2025 | 762.35 | 698.90 |
| 18 Sept 2025 | Annual General Meeting | NA | 18 Sept 2025 | 698.90 | 681.00 |
| 10 Nov 2025 | Quarterly Result Announcement | NA | 10 Nov 2025 | 682.20 | 661.55 |
Announcements
Filing Of Application For Initiation Of Corporate Insolvency Resolution Process Against Sherisha Solar LLP A Step-Down Wholly-Owned Subsidiary.Nov 18, 2025
Nov 18, 2025Announcement under Regulation 30 (LODR)-Change in ManagementNov 12, 2025
Nov 12, 2025Announcement under Regulation 30 (LODR)-DemiseNov 12, 2025
Nov 12, 2025Announcement under Regulation 30 (LODR)-AllotmentNov 10, 2025
Nov 10, 2025Shareholder Meeting / Postal Ballot-Notice of Postal BallotNov 10, 2025
Nov 10, 2025Outcome Of The Meeting Of The Board Of Directors Held On November 10 2025 Inter-Alia For Considering Request To Review Classification Of One Of The Promoters And Requesting Re-Classification To Public Category In The Shareholding Pattern In Accordance WitNov 10, 2025
Nov 10, 2025Unaudited Financial Results (Including Segment-Wise Results) Of The Company For The 2Nd Quarter & Half Year Ended September 30 2025 Of The Financial Year 2025-26 Both On Standalone And Consolidated Basis.Nov 10, 2025
Nov 10, 2025Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Directors Dated November 10 2025.Nov 10, 2025
Nov 10, 2025Intimation Of Request Of Re-Classification Of Avyan Pashupathy Capital Advisors Private Limited From Promoter Group To Public Category.Nov 04, 2025
Nov 04, 2025Board Meeting Intimation for Unaudited Financial Results For Q2FY26.Nov 03, 2025
Nov 03, 2025Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate CertificateOct 28, 2025
Oct 28, 2025Announcement under Regulation 30 (LODR)-Diversification / DisinvestmentOct 14, 2025
Oct 14, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderOct 07, 2025
Oct 07, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 06, 2025
Oct 06, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025New Line Of Business - Manure Including Organic ManureSep 18, 2025
Sep 18, 2025Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of AssociationSep 18, 2025
Sep 18, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 18, 2025
Sep 18, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 18, 2025
Sep 18, 2025Notice Convening 31St Annual General Meeting Of Refex Renewables & Infrastructure Limited.Aug 25, 2025
Aug 25, 2025Reg. 34 (1) Annual Report.Aug 25, 2025
Aug 25, 2025Announcement under Regulation 30 (LODR)-Change in ManagementAug 21, 2025
Aug 21, 2025Announcement under Regulation 30 (LODR)-Change in ManagementAug 07, 2025
Aug 07, 2025Designated Officials In The Category Of Senior Managerial Personnel W.E.F. August 07 2025.Aug 07, 2025
Aug 07, 2025Unaudited Financial Results For Quarter Ended June 30 2025 Of FY26Aug 07, 2025
Aug 07, 2025Board Meeting Outcome for Outcome Of Board Meeting Dated August 07 2025.Aug 07, 2025
Aug 07, 2025Board Meeting Intimation for Board Meeting For Consideration And Approval Of Unaudited Financial Results For Q1FY26.Aug 02, 2025
Aug 02, 2025Board Meeting Intimation for Intimation Of Board Meeting Scheduled On Friday August 08 2025.Jul 31, 2025
Jul 31, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 04, 2025
Jul 04, 2025Closure of Trading WindowJun 27, 2025
Jun 27, 2025Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate CertificateJun 19, 2025
Jun 19, 2025Sale On InvestmentMay 21, 2025
May 21, 2025Announcement under Regulation 30 (LODR)-Diversification / DisinvestmentMay 21, 2025
May 21, 2025Audited Financial Results For 4Th Quarter And Financial Year Ended March 31 2025 Both On Standalone & Consolidated Basis.May 21, 2025
May 21, 2025Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Directors Held On May 21 2025.May 21, 2025
May 21, 2025Announcement under Regulation 30 (LODR)-AcquisitionMay 07, 2025
May 07, 2025Board Meeting Intimation for Board Meeting Of The Company For Approval Of Audited Financial Results Has Been Rescheduled On May 21 2025.May 06, 2025
May 06, 2025Announcement under Regulation 30 (LODR)-AcquisitionMay 03, 2025
May 03, 2025Change Of Name Of Promoter Of Refex Renewables & Infrastructure Limited From Sherisha Technologies Private Limited To Refex Holding Private LimitedMay 03, 2025
May 03, 2025Board Meeting Intimation for Audited Financial Results For Q4 And FY25 Standalone & Consolidated Basis.May 02, 2025
May 02, 2025Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure AApr 29, 2025
Apr 29, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderApr 07, 2025
Apr 07, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderApr 05, 2025
Apr 05, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 03, 2025
Apr 03, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderApr 02, 2025
Apr 02, 2025Closure of Trading WindowMar 27, 2025
Mar 27, 2025Cessation Of Mr. Arun Prasath As President-Renewables In The Category Of Senior Managerial PersonMar 07, 2025
Mar 07, 2025Appointment Of Mr. Arun Prasath As President-Renewables In The Category Of Senior Managerial Person.Mar 04, 2025
Mar 04, 2025Order Under Section 73 Of The Haryana Goods And Services Tax Act 2017 (HGST Act).Feb 28, 2025
Feb 28, 2025Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011Feb 21, 2025
Feb 21, 2025Technical Indicators
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