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REFEX RENEWABLES & INFRASTRUCTURE
PE (Price/Earnings) Ratio

The Current P/E Ratio of REFEX RENEWABLES & INFRASTRUCTURE is -8.80.

Share Price ₹692.0Oct 03,2025
Market Cap ₹311.4 Cr
Earnings-TTM₹-35.4 CrTTM-Consolidated Results
Price/Earnings-8.80xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of REFEX RENEWABLES & INFRASTRUCTURE

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of REFEX RENEWABLES & INFRASTRUCTURE is calculated as :

Current Market Cap [ ₹311.4 Cr] as on Oct 03,2025

(/) Earnings [ ₹-35.4 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ -8.80x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for REFEX RENEWABLES & INFRASTRUCTURE , the investors are currently willing to pay -8.80 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of REFEX RENEWABLES & INFRASTRUCTURE !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of REFEX RENEWABLES & INFRASTRUCTURE over the last five years.

Historical PE (Price/Earnings) ratio chart of REFEX RENEWABLES & INFRASTRUCTURE


PE Ratio Performance Analysis for REFEX RENEWABLES & INFRASTRUCTURE

- REFEX RENEWABLES & INFRASTRUCTURE 's latest p/e ratio is -8.80x.

- REFEX RENEWABLES & INFRASTRUCTURE 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 0.00x.

- REFEX RENEWABLES & INFRASTRUCTURE 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, REFEX RENEWABLES & INFRASTRUCTURE 's p/e ratio peaked in Mar2024 at 0x.

- REFEX RENEWABLES & INFRASTRUCTURE 's p/e ratio hit its five-year low in Mar2024 of 0x.


How does REFEX RENEWABLES & INFRASTRUCTURE 's P/E Ratio benchmark against top 10 peers in Engineering - Construction Industry?

Peer Comparison (Engineering - Construction Industry)Earnings-TTM (Cr)PE RatioMarket Cap
REFEX RENEWABLES & INFRASTRUCTURE -35.39-8.80311.4
LARSEN & TOUBRO LTD18,572.8027.64513,406.0
RAIL VIKAS NIGAM LTD1,088.5266.4872,360.6
IRB INFRASTRUCTURE DEVELOPERS LTD6,626.913.8325,381.9
KEC INTERNATIONAL LTD607.7737.4222,745.5
AFCONS INFRASTRUCTURE LTD532.6031.0716,546.6
KALPATARU PROJECTS INTERNATIONAL LTD696.9130.6321,349.1
IRCON INTERNATIONAL LTD598.9827.4016,412.0
NCC LTD839.0915.7413,209.9
TECHNO ELECTRIC & ENGINEERING COMPANY LTD435.8036.6015,952.2
GR INFRAPROJECTS LTD889.7813.4711,989.1

Engineering - Construction Industry Benchmark (Top 10) PE Analysis vs REFEX RENEWABLES & INFRASTRUCTURE 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -8.80x
Max industry PE 66.48x
Median industry PE 27.64x
Average industry PE 25.59x



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