Shree Refrigerations Ltd
Incorporated in 2006, Shree Refrigerations
Ltd is a defence-focused manufacturer of advanced refrigeration and HVAC systems.[1]
- Market Cap ₹ 740 Cr.
- Current Price ₹ 208
- High / Low ₹ 312 / 153
- Stock P/E 122
- Book Value ₹ 55.1
- Dividend Yield 0.00 %
- ROCE 18.1 %
- ROE 15.5 %
- Face Value ₹ 2.00
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 Aerospace & Defense Aerospace & Defense
Part of BSE SME IPO
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
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
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Average Collection Period Days |
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| Manufacturing Facility Area Square Feet ・Standalone data |
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| Total Employee Count Number ・Standalone data |
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| Operating Cycle Days |
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| Order Book INR Million ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
17 Apr - Received Rs 4.83 crore order from Cochin Shipyard for 8 kW refrigeration plant, delivery by 4 February 2030.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Apr - 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 25 Mar
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
18 Mar - Indian Navy order: supply spare items for B Class Ship, Rs.2,41,22,007, delivery by 18 Mar 2027.
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Annoucement Under Regulation 30 Of SEBI (LODR) Regulations, 2015, Update : The Company Has Entered Into A Turbocor® Authorized Service Partner Agreement With Danfoss LLC, USA, On 17Th March 2026.
18 Mar - Signed Turbocor Authorized Service Partner Agreement with Danfoss LLC on 17 March 2026 for local compressor repairs.
Concalls
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Nov 2025Transcript PPT REC
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Nov 2025TranscriptAI SummaryPPT
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.