Refex Industries Ltd.

Financial

	Refex Industries	Gujarat Fluorochemic	Linde India
Operational Metrics
Financials
5 yr Average ROE	40.79 %	9.78 %	17.72 %
5yr average Equity Multiplier	2.44	1.6	1.58
5yr Average Asset Turnover Ratio	2.63	0.52	0.51
5yr Avg Net Profit Margin	6.44 %	10.55 %	21.68 %
Price to Book	5.02	5.33	15.86
P/E	38.33	70.85	133.2
5yr Avg Cash Conversion Cycle	44.09 Days	45.37 Days	-149.77 Days
Inventory Days	2.95 Days	103.91 Days	12.38 Days
Days Receivable	72.73 Days	82.95 Days	58.17 Days
Days Payable	44.74 Days	167.9 Days	278.95 Days
5yr Average Interest Coverage Ratio	34.78	9.11	91.97
5yr Avg ROCE	49.67 %	18.16 %	11.95 %
5yr Avg Operating Profit Margin	9.18 %	24.87 %	24.87 %
5 yr average Debt to Equity	0.11	0.38	0.01
5yr CAGR Net Profit	24.07 %	17.24 %	-9.8 %
5yr Average Return on Assets	16.32 %	6.35 %	11.3 %
Shareholdings
Promoter Holding	53.37 %	62.58 %	75.0 %
Share Pledged by Promoters	10.37 %	1.36 %	0.0
Change in Promoter Holding (3 Yrs)	3.16 %	-3.5 %	0.0
Change in Mutual Fund Holding (3 Yrs)	0.11 %	3.15 %	-1.77 %

Business

	Refex Industries	Gujarat Fluorochemic	Linde India
Operating Profit Break-Up	Operating Profit Break-Up Coal 95.9 Refrigerant Gas 2.28 Solar 1.81 Electric Vehicle 0 Sale Of Service 0 Project Engineering 0 Gases 0 Others 0.01	-	Operating Profit Break-Up Coal 0 Solar 0 Gases 88.77 Refrigerant Gas 0 Electric Vehicle 0 Equipment and project engineering business 11.23 Sale Of Service 0
Asset Break-Up	Asset Break-Up Electric Vehicle 10.57 Project Engineering 0 Gases 0 Others 89.43	-	Asset Break-Up Equipment and project engineering business 6.62 Gases 85.41 Electric Vehicle 0 Others 7.97
Segment Wise Break-Up	Segment Wise Break-Up Coal 94.25 Refrigerant Gas 2.64 Electric Vehicle 2.46 Solar 0.44 Power Trading 0.2 Sale Of Service 0 Others 0.01	-	-