This Indian Stock Has Given 11,000% Returns In 10 Years

Refex Refrigerant Ltd diversified into the power-trading business in 2022 and set up a green mobility business in 2023.

Shares of refrigerant gas manufacturer Refex Industries have given returns of 11,000% in the past 10 years. The stock has skyrocketed from around Rs 1.37 per share 10 years ago to Rs 151.8 per share on Friday. This means that if someone invested around Rs 1 lakh in the stock 10 years ago and stayed invested, the amount would have grown to more than Rs 1 crore now. 

Refex Industries, formerly known as Refex Refrigerant Ltd, was founded in 2002. It was engaged in the business of refilling non-ozone depleting refrigerant gases. popularly known as hydrofluorocarbons or HFCs, which are used in air conditioners, refrigerators and refrigerating equipment. 

Refex Industries launched its public offer in July 2007 and got listed on the BSE. The total turnover of the company in the year ended March 31, 2007, was Rs 51.41 crore. 

The company ventured into fly ash and coal handling services for thermal power plants in 2018. The stock price then grew around 21 times to Rs 30 per share.