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REFEX RENEWABLES & INFRASTRUCTURE
PE (Price/Earnings) Ratio

The Current P/E Ratio of REFEX RENEWABLES & INFRASTRUCTURE is -3.34.

Share Price ₹274.8Jan 23,2026
Market Cap ₹123.7 Cr
Earnings-TTM₹-37.0 CrTTM-Consolidated Results
Price/Earnings-3.34xCalculated 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 [ ₹123.7 Cr] as on Jan 23,2026

(/) Earnings [ ₹-37.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ -3.34x ]

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 -3.34 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 -3.34x.

- REFEX RENEWABLES & INFRASTRUCTURE 's p/e ratio for fiscal years ending Mar2025 to Mar2021 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 Mar2025 at 0x.

- REFEX RENEWABLES & INFRASTRUCTURE 's p/e ratio hit its five-year low in Mar2025 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 -37.02-3.34123.7
LARSEN & TOUBRO LTD19,147.1026.91515,162.0
RAIL VIKAS NIGAM LTD992.8868.3267,836.1
IRB INFRASTRUCTURE DEVELOPERS LTD6,584.143.6423,956.7
KEC INTERNATIONAL LTD683.1124.6316,823.8
AFCONS INFRASTRUCTURE LTD502.2524.8112,462.4
KALPATARU PROJECTS INTERNATIONAL LTD808.7423.3818,905.4
IRCON INTERNATIONAL LTD560.0525.6914,389.9
NCC LTD829.9210.738,906.0
TECHNO ELECTRIC & ENGINEERING COMPANY LTD445.5723.2910,378.0
GR INFRAPROJECTS LTD905.749.838,902.5

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

Top 10 Industry PeersPE Ratio
Min industry PE -3.34x
Max industry PE 68.32x
Median industry PE 23.38x
Average industry PE 21.63x



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