REFEX (REFEX): Order Win
Refex Industries has disclosed a new order win for ash transportation services at road construction sites under NHAI, other Central or State Government road departments, and PMGSY road projects, according to an NSE filing dated 7 July. The company did not specify the contract value or duration in the exchange intimation. This follows a series of recent disclosures around court-convened meetings scheduled for 5 August 2026 to approve a composite scheme of amalgamation and arrangement, as ordered by the National Company Law Tribunal, Chennai Bench.
Events like this—publicly disclosed order wins—have historically shown a 72% win rate across 50 comparable instances in Strota's dataset, with a net edge of 1.6% in the subsequent period. These figures represent base rates for the event type, not a forecast for Refex specifically.
The stock currently trades at a price-to-earnings ratio of 19.32 and a price-to-book ratio of 3.17, with a market capitalisation of ₹4,762 crore. Return on equity stands at 17.8%, while the dividend yield is 0.58%. The Nifty 50 was down 0.13% on the session.
The filing confirms the order receipt but does not establish revenue contribution, margin impact, or execution timeline. The base rate data describes historical patterns after similar announcements, not expected returns for this specific stock.
The catalyst
Refex Industries Limited bags order for Ash Transportation for the construction site of road projects of NHAI and other Central or State Government Road construction department / Authority / PMGSY Road Project (filing · NSE)
What the data shows after this event
Across Strota's backtest of past filings, Order Win tends to continue — the move went bullish in about 72.0% of next sessions (net 1.6% after drift and cost, n=50). A base rate, not a forecast for this stock.
REFEX right now
P/E 19.32. Full REFEX analysis →
Sources
- Refex Industries Limited bags order for Ash Transportation for the construction site of road projects of NHAI and other Central or State Government Road construction department / Authority / PMGSY Road Project — NSE
- Refex Industries to hold meetings on Aug 5 to approve amalgamation scheme — scanx.trade
- Refex promoter pledges 35 lakh shares for margin funding — scanx.trade
- Enterprise value to revenue forward of Refex Industries Limited – NSE:REFEX — TradingView
- Refex Industries Promoter Purchases 10 Lakh Shares via Open Market to Increase Stake — Sahi
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