Refex Industries: This Multibagger Stock Soars 250% in 4 Months, Delivers 14,000% Gain in 6 Years

Investing in the stock market can lead to big gains if the right stocks are chosen. Shareholders of Refex Industries are enjoying such success, as the company’s shares have given incredible returns.

Recently, Refex Industries’ stock has surged by 250% in less than four months. In July alone, it rose by 71%, followed by another 16.4% gain in August. This month, the stock is already up by 55%. Over the past two years, the stock has gained an impressive 1,300%, and over five years, it has skyrocketed by 3,100%.

If we look further back, in September 2018, the stock was priced at just ₹3.5 per share. Since then, it has risen by a massive 14,000%, reaching its current value of ₹479 per share.

A Consistent Performer

Refex Industries’ stock has performed well consistently, making it one of the top performers in India’s stock market. In 2019, it surged by 170%, and in 2020, it gained another 88%, despite the challenges of the global pandemic.

The momentum continued in 2021 with a 44% rise, and in 2022, it almost doubled with a 96.57% gain. In 2023, the stock jumped by 116.13%. So far in 2024, it has already posted an impressive 300% gain, showing no signs of slowing down.

Company Overview

Refex Industries is a leading Indian company with business lines that include refrigerant gases, ash and coal handling, green mobility, and power trading.

The company specializes in manufacturing and refilling refrigerant gases, especially those that are environmentally friendly and replace harmful chloro-fluoro-carbons (CFCs). These gases are mainly used in refrigerators, foam products, and aerosol cans.

In addition to its work with gases, Refex Industries also provides services for handling fly ash, crushing coal, and trading coal with power plants. In 2022, the company expanded into the electricity supply business, offering services to power users, producers, and state electricity boards.

Growth in Ash Management

The company earns most of its revenue from ash and coal handling, which made up 94% of its revenue in Q1 FY25. Refex Industries has become the largest organized ash management provider in India. The company uses its own fleet of over 800 vehicles to transport ash, which has helped boost profits and reduce costs.

In FY24, the company disposed of over 5 million tonnes of ash, a 30% increase from the previous year. New clients include NTPC in Chhattisgarh, Bihar, and Karnataka, as well as Adani and other state power plants.

Future Plans

Looking ahead, Refex Industries plans to continue growing by using innovative solutions, advanced technology, and a skilled team. The company aims to expand its vendor network and enter new markets for its refrigerant products. It is also working to secure large contracts with original equipment manufacturers (OEMs) and the Indian government.

Additionally, Refex Industries is expanding its refrigerant refilling facilities across India, which is expected to increase its income in the future. The company’s ash management business is also set to grow, with plans to expand its operations beyond Chhattisgarh to other states.

In conclusion, Refex Industries has proven to be a strong performer in the stock market, and its future growth prospects look promising. Investors in the company have enjoyed significant returns, and the stock continues to rise.