Strota/ Newsroom/ 2026-07-31

REFEX (REFEX): Order Win

Strota Newsroom · session of 2026-07-31 · 30 Jul 16:32 · REFEX stock page →

Refex Industries Limited bags order for Rate Contract for Ash Transportation to Road Construction Sites Historically, order win events have moved REFEX-type stocks in the bullish direction 72.0% of the next sessions (n=50).

Refex Industries Limited announced it has bagged a rate contract for ash transportation to road construction sites, according to an NSE exchange filing dated 30 July. The company has disclosed multiple similar order wins throughout July, including contracts for ash transportation for NHAI and other Central or State Government road construction authorities. Separately, Refex also received a ₹22.75 crore letter of intent from a major power producer for ash transportation, as reported by scanx.trade.

Events like this—order wins—have historically delivered a 72.0% win rate across a sample of 50 comparable events, with a net edge of 1.6%, based on Strota’s historical base rate data for this event type. This statistic reflects how the market has reacted to similar announcements across many past stocks, not a forecast for Refex specifically.

The stock currently trades at a price-to-earnings ratio of 14.17 and a price-to-book ratio of 2.72, with earnings per share at ₹21.07. The market capitalization stands at ₹4,098 crore, and the dividend yield is 0.67%. The company reported a 122% year-on-year rise in net profit to ₹73.39 crore for the first quarter, according to scanx.trade headlines, though other reports noted a 30% quarter-on-quarter decline.

The data establishes that Refex has announced several ash transportation contracts in July and posted strong annual profit growth, but it does not indicate whether the recent order flow is already reflected in the current valuation or how the market will specifically react to this latest filing.

The catalyst

Refex Industries Limited bags order for Rate Contract for Ash Transportation to Road Construction Sites (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 14.17. Full REFEX analysis →

Sources

Refex Industries Limited bags order for Rate Contract for Ash Transportation to Road Construction Sites — NSE
Refex Industries receives Rs 22.75 crore LNTP from Major Power Producer for Ash Transportation — scanx.trade
Refex Industries Q1 Results: Net profit rises 122% YoY to ₹73.39 crore — scanx.trade
Refex Inds slips after Q1 PAT falls 30% QoQ to Rs 64 cr — Business Standard
Refex Industries Q1 Standalone Net Profit Rises to 736M Rupees Vs 331M YoY — Sahi

Keep digging

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How this article was made: Strota assembled the exchange data above (prices, F&O open interest, bulk/block deals, SEBI PIT filings, indicator readings and public headlines) and an AI model wrote the narrative strictly from that evidence — it is not permitted to add outside facts or numbers. Every figure comes from the underlying exchange/public data.