Refex Industries Past Earnings Performance
Past criteria checks 4/6
Refex Industries has been growing earnings at an average annual rate of 31.6%, while the Trade Distributors industry saw earnings growing at 28.6% annually. Revenues have been growing at an average rate of 31.5% per year. Refex Industries's return on equity is 12.9%, and it has net margins of 7.4%.
Key information
31.61%
Earnings growth rate
26.58%
EPS growth rate
| Trade Distributors Industry Growth | 27.35% |
| Revenue growth rate | 31.47% |
| Return on equity | 12.89% |
| Net Margin | 7.43% |
| Last Earnings Update | 30 Sep 2025 |
Recent past performance updates
Statutory Earnings May Not Be The Best Way To Understand Refex Industries' (NSE:REFEX) True Position
Nov 13
Refex Industries (NSE:REFEX) Is Posting Solid Earnings, But It Is Not All Good News
May 01Recent updates
Is Refex Industries (NSE:REFEX) Using Too Much Debt?
Dec 13Why Investors Shouldn't Be Surprised By Refex Industries Limited's (NSE:REFEX) 29% Share Price Plunge
Dec 13Statutory Earnings May Not Be The Best Way To Understand Refex Industries' (NSE:REFEX) True Position
Nov 13Is Refex Industries (NSE:REFEX) Using Too Much Debt?
Jul 23The Returns On Capital At Refex Industries (NSE:REFEX) Don't Inspire Confidence
May 28Refex Industries (NSE:REFEX) Is Posting Solid Earnings, But It Is Not All Good News
May 01Refex Industries Limited's (NSE:REFEX) Popularity With Investors Is Clear
Apr 19Investors Still Aren't Entirely Convinced By Refex Industries Limited's (NSE:REFEX) Earnings Despite 38% Price Jump
Jul 02Refex Industries' (NSE:REFEX) Shareholders Have More To Worry About Than Only Soft Earnings
Jun 01Investors Still Aren't Entirely Convinced By Refex Industries Limited's (NSE:REFEX) Earnings Despite 26% Price Jump
Apr 27Refex Industries (NSE:REFEX) Has A Pretty Healthy Balance Sheet
Aug 17Is Now The Time To Put Refex Industries (NSE:REFEX) On Your Watchlist?
Jul 11Do Refex Industries' (NSE:REFEX) Earnings Warrant Your Attention?
Dec 26Does Refex Industries (NSE:REFEX) Have A Healthy Balance Sheet?
Aug 03Refex Industries (NSE:REFEX) Is Achieving High Returns On Its Capital
Jun 21Why We Like The Returns At Refex Industries (NSE:REFEX)
Dec 31Revenue & Expenses Breakdown
How Refex Industries makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 25 | 22,471 | 1,669 | 559 | 0 |
| 30 Jun 25 | 22,600 | 1,501 | 508 | 0 |
| 31 Mar 25 | 24,677 | 1,588 | 452 | 0 |
| 31 Dec 24 | 21,823 | 1,447 | 371 | 0 |
| 30 Sep 24 | 17,711 | 1,116 | 325 | 0 |
| 30 Jun 24 | 15,957 | 1,026 | 251 | 0 |
| 31 Mar 24 | 13,829 | 939 | 246 | 0 |
| 31 Dec 23 | 16,706 | 1,103 | 202 | 0 |
| 30 Sep 23 | 17,451 | 1,195 | 178 | 0 |
| 30 Jun 23 | 17,463 | 1,235 | 137 | 0 |
| 31 Mar 23 | 16,291 | 1,161 | 170 | 0 |
| 31 Dec 22 | 11,759 | 894 | 162 | 0 |
| 30 Sep 22 | 8,853 | 701 | 164 | 0 |
| 30 Jun 22 | 6,258 | 521 | 142 | 0 |
| 31 Mar 22 | 4,440 | 454 | 148 | 0 |
| 31 Dec 21 | 4,195 | 290 | 138 | 0 |
| 30 Sep 21 | 4,742 | 342 | 123 | 0 |
| 30 Jun 21 | 6,380 | 427 | 83 | 0 |
| 31 Mar 21 | 6,327 | 409 | 82 | 0 |
| 31 Dec 20 | 6,041 | 287 | 173 | 0 |
| 30 Sep 20 | 6,965 | 348 | 164 | 0 |
| 30 Jun 20 | 5,995 | 297 | 156 | 0 |
| 31 Mar 20 | 6,607 | 331 | 155 | 0 |
| 31 Dec 19 | 7,440 | 553 | 205 | 0 |
| 30 Sep 19 | 6,761 | 468 | 208 | 0 |
| 30 Jun 19 | 5,579 | 381 | 205 | 0 |
| 31 Mar 19 | 4,611 | 316 | 201 | 0 |
| 31 Mar 18 | 769 | 9 | 145 | 0 |
| 31 Mar 17 | 377 | 5 | 135 | 0 |
| 31 Mar 16 | 780 | 53 | 143 | 0 |
| 31 Mar 15 | 847 | 30 | 141 | 0 |
| 31 Dec 14 | 175 | 6 | 131 | 0 |
Quality Earnings: REFEX has a high level of non-cash earnings.
Growing Profit Margin: REFEX's current net profit margins (7.4%) are higher than last year (6.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: REFEX's earnings have grown significantly by 31.6% per year over the past 5 years.
Accelerating Growth: REFEX's earnings growth over the past year (49.6%) exceeds its 5-year average (31.6% per year).
Earnings vs Industry: REFEX earnings growth over the past year (49.6%) exceeded the Trade Distributors industry 12.9%.
Return on Equity
High ROE: REFEX's Return on Equity (12.9%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/12/15 00:00 |
| End of Day Share Price | 2025/12/15 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2025/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Refex Industries Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.