Refex Industries Limited (REFEX) — Net Asset Quality Index
Refex Industries Limited (REFEX) has a Net Asset Quality Index of 62.4% as of September 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of Rs20.47 Billion minus total liabilities of Rs7.71 Billion yields net assets of Rs12.76 Billion. A higher index indicates a stronger, lower-leverage balance sheet. See REFEX defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Quality Index
Net Assets
Total Assets
Total Liabilities
Refex Industries Limited Net Asset Quality Index Over Time (2005–2025)
This chart shows how Refex Industries Limited's Net Asset Quality Index has evolved across 20 annual periods from 2005 to 2025. As of September 2025, the index stands at 62.4%, representing net assets of Rs12.76 Billion against total assets of Rs20.47 Billion INR. Explore how efficiently does Refex Industries Limited generate cash to assess how effectively this company generates cash.
Annual Net Asset Quality Index for Refex Industries Limited (2005–2025)
The table below presents the year-by-year Net Asset Quality Index for Refex Industries Limited from 2005 to 2025, covering 20 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For market capitalisation and the full company profile, see Refex Industries Limited stock valuation.
| Year | Quality Index | Net Assets (INR) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 67.4% | Rs12.12 Billion | Rs17.99 Billion | Rs5.87 Billion | ▲ +9.1 pp |
| 2024 | 58.2% | Rs4.65 Billion | Rs7.98 Billion | Rs3.33 Billion | ▲ +16.4 pp |
| 2023 | 41.8% | Rs3.14 Billion | Rs7.52 Billion | Rs4.38 Billion | ▼ -6.5 pp |
| 2022 | 48.3% | Rs1.84 Billion | Rs3.81 Billion | Rs1.97 Billion | ▲ +7.4 pp |
| 2021 | 40.9% | Rs1.40 Billion | Rs3.41 Billion | Rs2.02 Billion | ▼ -14.1 pp |
| 2020 | 55.0% | Rs758.03 Million | Rs1.38 Billion | Rs621.15 Million | ▲ +28.0 pp |
| 2019 | 27.0% | Rs427.29 Million | Rs1.59 Billion | Rs1.16 Billion | ▲ +15.6 pp |
| 2018 | 11.3% | Rs111.00 Million | Rs979.04 Million | Rs868.04 Million | ▼ -5.6 pp |
| 2017 | 16.9% | Rs101.63 Million | Rs600.50 Million | Rs498.87 Million | ▲ +8.8 pp |
| 2016 | 8.2% | Rs97.07 Million | Rs1.19 Billion | Rs1.09 Billion | ▲ +1.9 pp |
| 2015 | 6.3% | Rs43.92 Million | Rs699.71 Million | Rs655.79 Million | ▲ +2.4 pp |
| 2014 | 3.9% | Rs13.71 Million | Rs353.09 Million | Rs339.38 Million | ▲ +3.5 pp |
| 2013 | 0.4% | Rs1.92 Million | Rs531.64 Million | Rs529.72 Million | ▼ -21.7 pp |
| 2012 | 22.1% | Rs158.48 Million | Rs717.28 Million | Rs558.80 Million | ▼ -15.4 pp |
| 2011 | 37.5% | Rs392.56 Million | Rs1.05 Billion | Rs654.86 Million | ▼ -7.7 pp |
| 2009 | 45.2% | Rs483.96 Million | Rs1.07 Billion | Rs586.10 Million | ▼ -16.9 pp |
| 2008 | 62.2% | Rs463.71 Million | Rs745.79 Million | Rs282.08 Million | ▼ -2.9 pp |
| 2007 | 65.1% | Rs400.19 Million | Rs614.63 Million | Rs214.45 Million | ▲ +16.3 pp |
| 2006 | 48.8% | Rs24.34 Million | Rs49.89 Million | Rs25.56 Million | ▲ +17.8 pp |
| 2005 | 31.0% | Rs2.06 Million | Rs6.66 Million | Rs4.59 Million | — |