26,000 Per Cent Returns: Multibagger Stock Hit Upper Circuit After Bagging Order for Supply of WTGs and Tubular Towers for 153.7 MW Wind Power Projects

The stock gave multibagger returns of 236 per cent in just 1 year whereas BSE Sensex Index is up by 7 per cent.

Today, shares of Refex Industries Ltd hit a 5 per cent upper circuit to Rs 483.50 per share from its previous closing of Rs 460.50 per share. The stock’s 52-week high at Rs 600 per share and its 52-week low is Rs 109.34 per share.

Venwind Refex Power Limited (VRPL), a subsidiary of Refex Industries Limited, has entered into its first-ever term sheet for the supply of Wind Turbine Generators (WTGs) and Tubular Towers for 153.7 MW wind power projects, including tubular tower and O&M services. The order has been awarded by Torrent Solar Power Private Limited, an independent power producer engaged in the business of setting up renewable energy projects across India. This significant order marks a key milestone for VRPL as it expands its presence in the renewable energy sector.

The scope of work under this contract includes the supply, installation, and commissioning of WTGs and Tubular Towers for the 153.7 MW wind power projects. VRPL will also be responsible for providing O&M services for the WTGs. This order is a testament to VRPL's capabilities in designing, manufacturing, and supplying high-quality wind energy solutions. The company is committed to executing this project on time and within budget while adhering to the highest safety and quality standards.

About the Company

Refex Industries Ltd is a diversified company primarily engaged in the ash and coal handling business, having emerged as the largest organized player in India. It also operates in power trading, wind turbine generator manufacturing, refrigerant gas distribution, and green mobility. In the ash and coal handling segment, the company manages significant volumes of ash daily and caters to numerous power plants across India. Its power trading division facilitates electricity transactions through various channels, including power exchanges and bilateral agreements. Refex is a prominent supplier of HFC refrigerant gases, offering sustainable alternatives to banned substances. The company has recently expanded its green mobility operations, providing electric vehicle services in major cities.

Refex Industries Limited (RIL) has a market cap of over Rs 6,000 crore. The shares of the company have a PE of 43x whereas the sectoral PE is 33x with an ROE of 24 per cent and an ROCE of 26 per cent. The stock gave multibagger returns of 236 per cent in just 1 year whereas BSE Sensex Index is up by 7 per cent. Furthermore, the stock gave 1,780 per cent in 3 years and a whopping 26,000 per cent in a decade. Investors should keep an eye on this Small-Cap stock under the radar.

Disclaimer: The article is for informational purposes only and not investment advice.