Refex Industries Limited is emerging as a strong player in India’s environmental services and energy trading sectors. The company’s focus on refrigerant gas recycling, coal trading, and renewable energy solutions has helped it build a diversified business model.
With increasing regulatory support for sustainable practices and rising energy demand in India, Refex Industries is expected to benefit from long-term structural growth. Investors are closely analyzing the company’s financial performance, expansion plans, and margin improvements while estimating its share price targets from 2026 to 2030.

Refex Industries Share Price Target 2026
If you’re looking for a realistic outlook on Refex Industries Share Price Target 2026, investors are closely watching the company’s growth in the refrigerant gas and green mobility segments.
Backed by expanding operations and improving financial performance, market analysts expect steady momentum over the next few years. Based on current trends and business expansion plans, the first target for 2026 could be around ₹260, driven by revenue growth and stronger margins.
If the company continues to scale its EV and eco-friendly initiatives, a second target of ₹280 is achievable under favorable market conditions. However, investors should also monitor market volatility and sector performance before making long-term decisions.
Refex Industries Share Price Target 2026 Table
| Year | Refex Industries Share Price Target 2026 |
| First Target 2026 | Rs 260 |
| Second Target 2026 | Rs 280 |
Refex Industries Share Price Target 2027
Refex Industries Share Price Target 2027 is expected to attract strong investor interest as the company continues to expand its presence in the refrigerant gas and green energy segments.
Refex Industries Limited has been focusing on sustainable growth, eco-friendly refrigerants, and strategic business diversification, which could support steady revenue expansion in the coming years.
With improving financial performance and rising demand from industrial and commercial sectors, analysts estimate the Refex Industries share price target 2027 may range between ₹300 to ₹320 in a base scenario.
Refex Industries Share Price Target 2027 Table
| Year | Refex Industries Share Price Target 2027 |
| First Target 2027 | Rs 300 |
| Second Target 2027 | Rs 320 |
Refex Industries Share Price Target 2028
When discussing Refex Industries Share Price Target 2028, investors are closely watching the growth prospects of Refex Industries Limited in sectors like refrigerant gases, industrial chemicals, and renewable energy.
The company’s strong distribution network, expanding clean energy portfolio, and focus on sustainable solutions could support steady revenue growth over the coming years.
If business performance remains consistent and market conditions stay favorable, the Refex Industries share price target for 2028 may range between ₹340 to ₹360. However, factors such as raw material costs, regulatory changes, and overall stock market sentiment will also play a crucial role in determining its future price movement. Long-term investors should keep an eye on quarterly results and expansion plans before making any investment decision.
Refex Industries Share Price Target 2028 Table
| Year | Refex Industries Share Price Target 2028 |
| First Target 2028 | Rs 340 |
| Second Target 2028 | Rs 360 |
Refex Industries Share Price Target 2029
When discussing the Refex Industries Share Price Target 2029, investors are closely watching the growth potential of Refex Industries Limited in sectors like ash handling, refrigerant gases, and renewable energy.
The company’s focus on sustainability, strong client relationships, and expansion into eco-friendly businesses could support long-term revenue growth.
If business momentum and profitability continue to improve, the Refex Industries share price target for 2029 may range between ₹380 to ₹400 under a conservative scenario.
| Year | Refex Industries Share Price Target 2028 |
| First Target 2028 | Rs 380 |
| Second Target 2028 | Rs 400 |
Refex Industries Share Price Target 2030
Refex Industries Limited has steadily strengthened its presence in the refrigerant gas recycling and power trading segments, positioning itself as a niche player in India’s environmental solutions space.
With growing demand for eco-friendly refrigerant management and expansion into renewable energy and coal trading, the company is expected to witness consistent revenue growth over the coming years.
By 2030, analysts estimate the Refex Industries share price target could reach ₹420 in a conservative scenario, while a strong growth momentum and improved margins may push the stock towards ₹440. Long-term investors are closely watching its business diversification strategy and sustainability-focused operations as key growth drivers.
Refex Industries Share Price Target 2030 Table
| Year | Refex Industries Share Price Target 2030 |
| First Target 2030 | Rs 420 |
| Second Target 2030 | Rs 440 |
Refex Industries’ Share F.A.Q.
– What does Refex Industries do?
Refex Industries Limited is primarily engaged in coal and mining logistics, including coal beneficiation, transportation, and supply chain management. It has expanded into renewable energy sectors like solar power and refrigerant gas reclamation, diversifying its business portfolio.
– How has Refex Industries’ stock performed recently?
Refex Industries’ shares have shown volatility, influenced by sector-specific trends, commodity prices, and company performance. Investors should track BSE/NSE updates (ticker: REFEX) for real-time trends and historical data to assess momentum.
– What factors influence Refex Industries’ share price?
Key drivers include coal demand, government policies on mining/renewables, quarterly financial results, debt levels, and broader market sentiment. Sector-specific risks, like fluctuations in global coal prices, also impact valuations.
– Is Refex Industries a good long-term investment?
It depends on your risk appetite and market outlook. While diversification into renewables adds growth potential, reliance on coal-linked sectors poses risks. Analyze financial health, industry trends, and consult a financial advisor before investing.
Conclusion
Looking ahead to 2026, 2027, 2028, 2029, and 2030, Refex Industries shows promising growth potential driven by sustainability-focused operations and strategic diversification. If the company continues to improve operational efficiency and expand its market presence, it may deliver steady returns to long-term investors. However, factors such as market volatility, regulatory changes, and energy sector dynamics should also be considered before making investment decisions. Overall, Refex Industries remains a stock to watch for investors seeking exposure to India’s growing environmental and energy-related sectors.
Also read:-