Shree Refrigerations Ltd
Incorporated in 2006, Shree Refrigerations
Ltd is a defence-focused manufacturer of advanced refrigeration and HVAC systems.[1]
- Market Cap ₹ 903 Cr.
- Current Price ₹ 254
- High / Low ₹ 312 / 153
- Stock P/E 65.6
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 17.8 %
- ROE 15.0 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 43.5% CAGR over last 5 years
Cons
- Promoter holding has decreased over last quarter: -12.0%
- Company has high debtors of 352 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE SME IPO
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 13 | 10 | 45 | 51 | 80 | 99 | |
| 14 | 8 | 33 | 38 | 55 | 72 | |
| Operating Profit | -1 | 3 | 12 | 12 | 25 | 27 |
| OPM % | -9% | 26% | 26% | 25% | 31% | 27% |
| 0 | 0 | 0 | 0 | 1 | 0 | |
| Interest | 3 | 2 | 4 | 4 | 5 | 4 |
| Depreciation | 1 | 0 | 4 | 4 | 4 | 4 |
| Profit before tax | -4 | 0 | 5 | 5 | 17 | 19 |
| Tax % | -24% | 80% | 26% | 35% | 30% | 27% |
| -3 | 0 | 3 | 3 | 12 | 14 | |
| EPS in Rs | 4.88 | |||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 50% |
| 3 Years: | 30% |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 43% |
| 3 Years: | 60% |
| TTM: | 13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 19% |
| Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 4 | 5 | 6 |
| Reserves | -0 | -0 | 3 | 24 | 60 | 113 |
| 19 | 36 | 50 | 49 | 35 | 42 | |
| 8 | 14 | 24 | 17 | 25 | 30 | |
| Total Liabilities | 30 | 53 | 80 | 94 | 125 | 192 |
| 4 | 3 | 4 | 10 | 11 | 22 | |
| CWIP | 1 | 1 | 1 | 0 | 0 | 0 |
| Investments | 2 | 2 | 2 | 5 | 6 | 9 |
| 24 | 46 | 73 | 79 | 108 | 160 | |
| Total Assets | 30 | 53 | 80 | 94 | 125 | 192 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -9 | -5 | -6 | -5 | -25 | ||
| -6 | -6 | -8 | -3 | -14 | ||
| 15 | 11 | 15 | 6 | 44 | ||
| Net Cash Flow | -0 | -0 | 2 | -1 | 5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 160 | 95 | 172 | 228 | 289 | 352 |
| Inventory Days | 414 | 2,821 | 429 | 464 | 299 | 351 |
| Days Payable | 147 | 809 | 186 | 158 | 115 | 126 |
| Cash Conversion Cycle | 427 | 2,106 | 415 | 534 | 474 | 576 |
| Working Capital Days | -58 | 615 | 158 | 207 | 222 | 345 |
| ROCE % | 8% | 18% | 14% | 25% | 18% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Oct - Depositories and Participants) Regulation, 2018, the Company is hereby submitting the confirmation Certificate as provided by Registrar and Transfer Agent of the Company relating to …
- Closure of Trading Window 27 Sep
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
25 Sep - SRL won Rs25.60Cr MDL order; Rs19.62Cr and Rs4.12Cr orders; earlier Rs106.62Cr on 25 Aug 2025.
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
24 Sep - Shree Refrigerations AGM Sep 23, 2025: all resolutions passed; audited FY2025 financials adopted; reappointment of Devashree Nampurkar.
- Shareholder Meeting / Postal Ballot-Outcome of AGM 23 Sep
Business Overview:[1]
SRL is engaged in the manufacturing
of chillers, refrigeration and air-conditioning appliances, and components associated with
the Heating, Ventilation, and Air Conditioning (HVAC) industry. The company offers a range
of advanced systems and equipment catering primarily to the domestic industrial market.