Notes / Company

Refex Renewables & Infrastructure Ltd.

REFEXRENEW BSE 531260 ISIN INE332F01018 Engineering - Construction

Fundamentals

Market cap: ₹141 cr
P/E: -3.37×
ROE: 80.56%
Debt / equity: -10.48
52-week range: 209.05 — 1183.00

Research on Tijori Finance

The timeline — 2 notes on Refex Renewables & Infrastructure Ltd.

May 2026

21 May 26 · 16:18 IST Brief

Brief · Earnings

Refex Renewables net worth turns negative; auditor flags going concern doubts

Auditor raises material uncertainty as standalone net worth slips to negative ₹6,469 lakh; one subsidiary on liquidation basis.
21 May 26 · 14:15 IST Brief

Brief · Earnings

Refex Renewables' auditor flags going concern, qualifies results

Statutory auditor says standalone net worth fully eroded and can't verify key borrowings of ₹1,270 lakh, casting doubt on the company's ability to continue.

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