Refex Industries Limited (REFEX) — Cash Flow Quality Index
Refex Industries Limited (REFEX) has a Cash Flow Quality Index of 1.26x as of September 2025. Operating cash flow of Rs738.52 Million exceeds net income of Rs586.13 Million, indicating high earnings quality where cash backs reported profits. Explore REFEX debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Refex Industries Limited Cash Flow Quality Index (2005–2026)
Historical Cash Flow Quality Index for Refex Industries Limited across 19 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see REFEX cash flow metrics.
Annual Cash Flow Quality Index for Refex Industries Limited (2005–2026)
Year-by-year earnings quality comparison for Refex Industries Limited.
| Year | Quality Index | Operating CF (INR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2026 | 0.33x | Rs795.44 Million | Rs2.42 Billion | ▲ +124.8% |
| 2025 | -1.32x | Rs-2.65 Billion | Rs2.00 Billion | ▼ -5737.8% |
| 2024 | 0.02x | Rs28.51 Million | Rs1.21 Billion | ▼ -86.7% |
| 2023 | 0.18x | Rs276.15 Million | Rs1.56 Billion | ▲ +163.5% |
| 2022 | -0.28x | Rs-169.50 Million | Rs609.79 Million | ▼ -113.0% |
| 2021 | 2.13x | Rs1.23 Billion | Rs578.53 Million | ▲ +761.1% |
| 2020 | 0.25x | Rs118.84 Million | Rs480.20 Million | ▼ -83.8% |
| 2019 | 1.53x | Rs441.86 Million | Rs288.65 Million | ▲ +182.5% |
| 2018 | -1.86x | Rs-32.25 Million | Rs17.38 Million | ▼ -123.5% |
| 2017 | 7.88x | Rs41.50 Million | Rs5.26 Million | ▲ +109.9% |
| 2016 | -79.71x | Rs-247.44 Million | Rs3.10 Million | ▼ -10024.9% |
| 2015 | 0.80x | Rs24.26 Million | Rs30.20 Million | ▼ -89.3% |
| 2014 | 7.49x | Rs88.28 Million | Rs11.79 Million | ▲ +550.7% |
| 2011 | 1.15x | Rs83.16 Million | Rs72.28 Million | ▲ +141.4% |
| 2009 | -2.78x | Rs-61.28 Million | Rs22.07 Million | ▼ -3157.8% |
| 2008 | -0.09x | Rs-8.17 Million | Rs95.85 Million | ▲ +96.6% |
| 2007 | -2.52x | Rs-98.74 Million | Rs39.17 Million | ▼ -326.9% |
| 2006 | 1.11x | Rs9.68 Million | Rs8.71 Million | ▼ -98.4% |
| 2005 | 70.97x | Rs4.40 Million | Rs62.00K | — |