Refex Industries Balance Sheet
- Market cap
- ₹3,659 crore
- P/E
- 12.8
- P/B
- 2.43
- ROE
- 15.0%
- Dividend yield
- 0.37%
As of Mar 2022, Refex Industries had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings rose 703.11% from Mar 2023.
Refex Industries balance sheet
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 500 | 22.11 | 23.14 | 25.84 | 27.44 |
| Reserves | 8,500 | 232 | 321 | 479 | 677 |
| Borrowings | 1,200 | 149 | 215 | 286 | 225 |
| Other liabilities | 3,500 | 288 | 119 | 301 | 1,109 |
| Total liabilities | 13,700 | 752 | 798 | 1,799 | 2,843 |
| Fixed assets | 6,500 | 150 | 211 | 341 | 215 |
| Capital work in progress | 400 | 100 | 100 | 100 | 100 |
| Investments | 2,500 | 150 | 160 | 360 | 569 |
| Other assets | 4,300 | 226 | 239 | 540 | 853 |
| Total assets | 13,700 | 752 | 798 | 1,799 | 2,843 |
Balance sheet ratios
- Debt to equity
- 0.13
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
Refex Industries balance sheet — frequently asked questions
What is the total debt of Refex Industries?
Refex Industries reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹149 crore as of Mar 2023.
What is Refex Industries' debt-to-equity ratio?
Based on the Mar 2022 balance sheet, Refex Industries' debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.
What are Refex Industries' total assets?
Refex Industries' total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.
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Figures are for information only and are not investment advice or a recommendation to buy, sell or hold any security. Investments in securities are subject to market risks; read all related documents carefully before investing.