Refex Industries Limited (REFEX) — Financial Flexibility Index
Refex Industries Limited (REFEX) has a Financial Flexibility Index of 0.13x as of September 2025. Free cash flow of Rs1.03 Billion (operating CF Rs738.52 Million minus capex Rs289.24 Million) represents 0% of total liabilities (Rs7.71 Billion). Check REFEX cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Refex Industries Limited Financial Flexibility Index (2005–2026)
Historical Financial Flexibility Index trend for Refex Industries Limited across 21 annual periods. For the full cash flow conversion analysis, see REFEX operating cash flow.
Annual Financial Flexibility Index for Refex Industries Limited (2005–2026)
Year-by-year free cash flow to debt coverage for Refex Industries Limited. Explore REFEX operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (INR) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2026 | 0.10x | Rs1.40 Billion | Rs795.44 Million | Rs13.34 Billion | ▲ +212.6% |
| 2025 | -0.09x | Rs-547.24 Million | Rs-2.65 Billion | Rs5.87 Billion | ▼ -164.2% |
| 2024 | 0.15x | Rs484.01 Million | Rs28.51 Million | Rs3.33 Billion | ▼ -36.2% |
| 2023 | 0.23x | Rs996.05 Million | Rs276.15 Million | Rs4.38 Billion | ▲ +525.2% |
| 2022 | -0.05x | Rs-105.37 Million | Rs-169.50 Million | Rs1.97 Billion | ▼ -108.4% |
| 2021 | 0.64x | Rs1.29 Billion | Rs1.23 Billion | Rs2.02 Billion | ▲ +228.5% |
| 2020 | 0.19x | Rs121.11 Million | Rs118.84 Million | Rs621.15 Million | ▼ -50.9% |
| 2019 | 0.40x | Rs459.86 Million | Rs441.86 Million | Rs1.16 Billion | ▲ +1447.6% |
| 2018 | -0.03x | Rs-25.59 Million | Rs-32.25 Million | Rs868.04 Million | ▼ -132.7% |
| 2017 | 0.09x | Rs44.97 Million | Rs41.50 Million | Rs498.87 Million | ▲ +140.1% |
| 2016 | -0.22x | Rs-245.15 Million | Rs-247.44 Million | Rs1.09 Billion | ▼ -558.9% |
| 2015 | 0.05x | Rs32.13 Million | Rs24.26 Million | Rs655.79 Million | ▼ -82.5% |
| 2014 | 0.28x | Rs94.92 Million | Rs88.28 Million | Rs339.38 Million | ▲ +966.4% |
| 2013 | -0.03x | Rs-17.10 Million | Rs-116.32 Million | Rs529.72 Million | ▼ -173.2% |
| 2012 | 0.04x | Rs24.66 Million | Rs24.66 Million | Rs558.80 Million | ▼ -65.2% |
| 2011 | 0.13x | Rs83.16 Million | Rs83.16 Million | Rs654.86 Million | ▲ +373.8% |
| 2009 | 0.03x | Rs15.71 Million | Rs-61.28 Million | Rs586.10 Million | ▼ -97.4% |
| 2008 | 1.01x | Rs286.28 Million | Rs-8.17 Million | Rs282.08 Million | ▲ +599.0% |
| 2007 | -0.20x | Rs-43.62 Million | Rs-98.74 Million | Rs214.45 Million | ▼ -112.9% |
| 2006 | 1.58x | Rs40.28 Million | Rs9.68 Million | Rs25.56 Million | ▼ -23.2% |
| 2005 | 2.05x | Rs9.43 Million | Rs4.40 Million | Rs4.59 Million | — |