52-week High Alert: Multibagger micro-Cap company shares hit 20 per cent on stellar Q4 & FY23 results!

The shares of the company have a PE of 8.12x whereas the sectoral PE is 28x with a ROE of 38.03 per cent and a ROCE of 61.55 per cent.

On Friday, one of the Top Gainers on BSE, shares of Refex Industries surged 20 per cent to Rs 426.30 per share, up from its previous closing of Rs 355.25. The stock also reached a new 52-week high at Rs 426.30 per share. The shares of the company saw a spurt in volume by more than  1.25 times on BSE.

The stock has been consistently hitting 52-week highs in recent trading sessions, with one of the main reasons being the announcement of stellar Quarterly Results (Q4) and annual results (FY23).

In Q4FY23, the net sales increased by 256.16 per cent and the net profit increased by 111.06 per cent with an EPS of Rs 23 compared to Q4FY22. Similarly, in FY23, the net sales increased by 266.96 per cent and the net profit increased by 155.72 per cent with an EPS of Rs 52.50 compared to FY22.

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Refex Industries Limited (RIL) is a specialist manufacturer and re-filler of refrigerant gases that serve as replacements for Chloro-fluoro-carbons. The shares of the company have a PE of 8.12x whereas the sectoral PE is 28x with a ROE of 38.03 per cent and a ROCE of 61.55 per cent.

The stock gave multibagger returns of 258.84 per cent in just 1 year whereas BSE Sensex Index is up by 16.93 per cent. Investors should keep an eye on this micro-cap stock under the radar.