Shree Refrigerations Ltd

Shree Refrigerat Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Shree Refrigerations Ltd

₹ 195 4.70%
02 Apr 4:00 p.m.
shreeref.com BSE - SME: 544458
About

Incorporated in 2006, Shree Refrigerations
Ltd is a defence-focused manufacturer of advanced refrigeration and HVAC systems.[1]

Key Points

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.

Website BSE
  • Market Cap ₹ 695 Cr.
  • Current Price ₹ 195
  • High / Low ₹ 312 / 153
  • Stock P/E 114
  • Book Value ₹ 55.1
  • Dividend Yield 0.00 %
  • ROCE 18.1 %
  • ROE 15.5 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has high debtors of 352 days.
  • Company's cost of borrowing seems high

* 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

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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2024 Mar 2025 Sep 2025
50.96 47.76 50.39
35.51 36.25 44.73
Operating Profit 15.45 11.51 5.66
OPM % 30.32% 24.10% 11.23%
0.19 0.17 0.33
Interest 2.64 1.91 2.29
Depreciation 1.92 2.33 2.60
Profit before tax 11.08 7.44 1.10
Tax % 26.81% 39.65% -43.64%
8.12 4.50 1.57
EPS in Rs 1.60 0.44
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
10.49 45.31 50.54 80.26 98.73 98.15
7.74 33.33 38.14 55.34 71.69 80.98
Operating Profit 2.75 11.98 12.40 24.92 27.04 17.17
OPM % 26.22% 26.44% 24.54% 31.05% 27.39% 17.49%
0.25 0.09 0.33 0.88 0.28 0.50
Interest 2.74 4.35 4.91 5.07 4.55 4.20
Depreciation 0.45 3.70 3.57 3.82 4.24 4.93
Profit before tax -0.19 4.02 4.25 16.91 18.53 8.54
Tax % 57.89% 26.62% 39.53% 31.76% 26.88%
-0.30 2.95 2.57 11.53 13.55 6.07
EPS in Rs 4.83 2.04
Dividend Payout % 0.00% 0.00% 0.02% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 30%
TTM: 23%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 66%
TTM: 18%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 20%
3 Years: 19%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 3.29 3.29 4.06 4.90 5.61 7.13
Reserves -2.25 0.70 21.25 55.82 109.13 189.07
39.13 54.02 52.60 38.27 42.44 24.18
13.97 23.26 16.41 25.12 28.41 11.97
Total Liabilities 54.14 81.27 94.32 124.11 185.59 232.35
4.73 5.78 11.74 12.00 18.14 15.73
CWIP 1.00 0.81 0.00 0.34 0.06 0.14
Investments 0.12 0.17 3.59 4.38 6.92 61.19
48.29 74.51 78.99 107.39 160.47 155.29
Total Assets 54.14 81.27 94.32 124.11 185.59 232.35

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-8.67 -4.46 -5.16 -24.89
-5.65 -7.63 -1.94 -9.37
14.16 13.98 5.63 39.23
Net Cash Flow -0.16 1.90 -1.47 4.97
Free Cash Flow -9.17 -5.09 -6.59 -32.70
CFO/OP -315% -36% -16% -114%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 94.64 171.50 228.07 289.10 351.95
Inventory Days 2,820.98 429.27 464.01 299.36 350.79
Days Payable 809.45 186.39 157.98 114.72 126.26
Cash Conversion Cycle 2,106.17 414.38 534.10 473.74 576.49
Working Capital Days 665.98 169.57 208.28 221.97 345.30
ROCE % 17.05% 13.48% 24.84% 18.08%

Insights

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Manufacturing Facility Area
Square Feet ・Standalone data
Total Employee Count
Number ・Standalone data
Operating Cycle
Days
Order Book
INR Million ・Standalone data

Shareholding Pattern

Numbers in percentages

Sep 2025
44.60%
0.70%
9.60%
45.10%
No. of Shareholders 3,381

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls