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REFEX RENEWABLES & INFRASTRUCTURE
PE (Price/Earnings) Ratio

The Current P/E Ratio of REFEX RENEWABLES & INFRASTRUCTURE is -4.18.

Share Price ₹358.0Oct 12,2026
Market Cap ₹161.1 Cr
Earnings-TTM₹-38.6 CrTTM-Consolidated Results
Price/Earnings-4.18xCalculated 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 [ ₹161.1 Cr] as on Oct 12,2026

(/) Earnings [ ₹-38.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ -4.18x ]

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 -4.18 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 -4.18x.

- REFEX RENEWABLES & INFRASTRUCTURE 's p/e ratio for fiscal years ending Mar2026 to Mar2022 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 Mar2026 at 0x.

- REFEX RENEWABLES & INFRASTRUCTURE 's p/e ratio hit its five-year low in Mar2026 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 -38.58-4.18161.1
LARSEN & TOUBRO LTD19,816.7025.25500,275.0
RAIL VIKAS NIGAM LTD805.1750.9541,022.8
IRB INFRASTRUCTURE DEVELOPERS LTD954.1422.4921,462.6
KALPATARU PROJECTS INTERNATIONAL LTD1,128.5721.2023,924.4
CEMINDIA PROJECTS LTD601.2033.0219,854.3
TECHNO ELECTRIC & ENGINEERING COMPANY LTD431.0725.6511,057.2
ENGINEERS INDIA LTD686.8723.7116,285.2
IRCON INTERNATIONAL LTD468.4521.4310,040.0
KEC INTERNATIONAL LTD553.6217.329,588.5
AFCONS INFRASTRUCTURE LTD143.6462.398,961.1

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

Top 10 Industry PeersPE Ratio
Min industry PE -4.18x
Max industry PE 62.39x
Median industry PE 23.71x
Average industry PE 27.20x



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