REFEX (REFEX): Order Win
Refex Industries Limited disclosed an order win on 7 July, according to an NSE filing. The company will provide ash transportation services for construction sites of road projects under the National Highways Authority of India (NHAI) and other Central or State Government road construction departments, including PMGSY Road Projects. Business Standard reported the contract value at ₹21 crore.
Events like this have historically shown a 72.0% win rate across 50 comparable instances, with a net edge of 1.6% in the Strota database. This base rate reflects how similar order-win announcements have performed on average across many past stocks, not a forecast for Refex specifically.
The stock currently trades at a price-to-earnings ratio of 19.31 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 declined 0.13% on the session.
The filing establishes the contract award and its government counterparties. It does not specify duration, margins, or revenue recognition timeline. The historical base rate provides context for how markets have processed similar events elsewhere; it does not predict Refex's price movement.
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 19.31. 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 bags Rs 21-cr ash transportation order — Business Standard
- 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
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