This company is trading under 2.5 PE Ratio at current market price of Rs. 50. That virtually means, you can own a business by paying just 2.5 times its last years net profit. Difficult to believe right?
Refex Industries Limited
This company was trading at 15 to 20 range 2 years back. It was doing the business of refrigeration gas. Suddenly company has deviated to trading in Ash & coal and turnover has shot up 17 times from 2017 to 2020 (Rs. 38 crores to Rs. 660 Crores) and profits jumped from 1 crores a year to 33 crores a year.
Negatives
- NIL dividend
- Low promoter holding at 34.51% (Up from 31.5% in a years gap)
- Negative results in latest quarter
Positives
- Looks like promoter stake is going to increase after the recent rights issue
- Low PE
- High growth possibilities
Call
Invest upto 3-4% of your total portfolio size. Speculative
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