1:5 Stock Split: Small Cap Chemicals Stock Recommends, Shares Rally 173% In 1-Yr

Board of Directors of small cap company operating in Chemicals sector, Refex Industries Limited today approved stock split in the ratio of 1:5. The record date for sub-division/split is yet to be intimated. Last trading price of Refex Industries shares on BSE is Rs 719.80 apiece with intraday gain of 5.00%. Refex Industries shares hit upper circuit in trade today on BSE. Refex Industries stock offered shareholders return of 173% in last 1-year and 472% in last 2-years. Check details below:

Refex Industries Approves Stock Split/Sub-Division: As per the BSE filing of Refex Industries issued on January 24, 2024, "Board of Directors, at its meeting held today (i.e.) January 24, 2024, has accorded its approval to sub-divide/split 1 (one) Equity shares of the Company of Rs.10/- each, fully paid-up into 5 (five) equity shares of face value of Rs.2/- each, fully paid-up by alteration of Capital Clause of the Memorandum of Association of the Company, subject to the approval of the members of the Company to be sought by means of Postal Ballot, including such approvals from regulatory / statutory authorities as may be required."

Refex Industries Stock Performance & Return: The 52-week high price of Refex Industries shares on BSE is Rs 923.95 per share and 52-week low price is Rs 221.30 apiece, respectively. The company's market capitalisation as on Jan 24 is Rs 1593.17 crore. Refex Industries shares zoomed 8% in last 1-week only, gained 3% in last 6-months, soared 677% in last 3-years, and offered shareholders return of 2746% in last 5-years.

Refex Industries Financials: The company for the quarter ended September 30, 2023 announced its net sales at Rs 350.31 crore, down 0.88% from Rs 353.43 crore reported in the corresponding quarter of last year. Its quarterly net profit declared at Rs 23.40 crore in September 2023, down 8.05% as compared to Rs 25.45 crore reported in 2022. The company's EBITDA stood at Rs 39.83 crore in September 2023, up 0.28% from Rs 39.72 crore in September 2022. Meanwhile, EPS declined to Rs 10.59 in September 2023 from Rs 12.12 reported in September 2022.

About: Refex Industries Limited (RIL) is a specialist manufacturer and re-filler of Refrigerant gases in India, particularly, environmentally acceptable gases that are replacements for Chloro-fluoro-carbons (CFC's). These are used primarily as refrigerants, foam blowing agents and aerosol propellants. RIL exercises superior quality control and efficiency with the aid of sophisticated and novel computer technology, according to its official website.

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