WEBSITE BSE:544458 NSE: SHREEREF Inc. Year: 2006 Industry: Engineering - Industrial Equipments My Bucket: Add Stock
Last updated: 11:27
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Shree Refrigerations Ltd. is an Indian engineering firm that manufactures and supplies HVAC (heating, ventilation, air‑conditioning) and advanced refrigeration systems — with special focus on defence, marine, industrial and other high‑specification customers. The company’s offerings include chillers, air‑/water‑cooled condensing units, marine‑grade HVAC plants, refrigeration & cooling systems, heat‑exchangers, and custom fabrication and control‑panel solutions. SRL is recognised as an approved supplier to the armed forces (esp...Read More
Shree Refrigerations Ltd. is an Indian engineering firm that manufactures and supplies HVAC (heating, ventilation, air‑conditioning) and advanced refrigeration systems — with special focus on defence, marine, industrial and other high‑specification customers. The company’s offerings include chillers, air‑/water‑cooled condensing units, marine‑grade HVAC plants, refrigeration & cooling systems, heat‑exchangers, and custom fabrication and control‑panel solutions. SRL is recognised as an approved supplier to the armed forces (especially the navy), and for decades has delivered mission‑critical cooling and HVAC solutions for ships, submarines and other defence platforms. In 2025, SRL launched an IPO (on the SME platform), raising fresh capital with a view to expand manufacturing capacity, meet working‑capital needs, and scale up operations to serve more defence and industrial projects. Its 2025 fiscal performance showed decent growth, with improving profitability, reflecting operational leverage and demand for specialised cooling solutions. More recently, SRL has begun diversifying into new sectors beyond defence: it has tied up with a global chiller‑technology provider to enter the data‑centre cooling market — a fast‑growing space in India — indicating a strategic shift to broaden business and reduce reliance on a single sector. With an established legacy, niche engineering capabilities, and growing institutional demand (for defence, industrial, data‑centre and marine cooling), Shree Refrigerations is positioned as a specialized but expanding player in India’s HVAC & refrigeration‑engineering segment ...Read Less
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Market Cap ₹791 Cr.
Stock P/E 62.7
P/B 3.4
Current Price ₹222
Book Value ₹ 64.9
Face Value 2
52W High ₹311.5
Dividend Yield 0%
52W Low ₹ 153
Price goes above X
Price falls below X
PE goes above X
PE falls below X
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| Net Sales |
| Other Income |
| Total Income |
| Total Expenditure |
| Operating Profit |
| Interest |
| Depreciation |
| Exceptional Income / Expenses |
| Profit Before Tax |
| Provision for Tax |
| Profit After Tax |
| Adjustments |
| Profit After Adjustments |
| Adjusted Earnings Per Share |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|
| Net Sales | 45 | 51 | 80 | 99 | |
| Other Income | 0 | 0 | 1 | 0 | |
| Total Income | 45 | 51 | 81 | 99 | |
| Total Expenditure | 33 | 38 | 56 | 72 | |
| Operating Profit | 12 | 13 | 26 | 27 | |
| Interest | 4 | 5 | 5 | 5 | |
| Depreciation | 4 | 4 | 4 | 4 | |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | |
| Profit Before Tax | 4 | 4 | 17 | 19 | |
| Provision for Tax | 2 | 2 | 7 | 6 | |
| Profit After Tax | 2 | 3 | 10 | 13 | |
| Adjustments | 0 | 0 | 0 | 0 | |
| Profit After Adjustments | 2 | 3 | 10 | 13 | |
| Adjusted Earnings Per Share | 1 | 1.3 | 4.2 | 4.5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 24% | 30% | 0% | 0% |
| Operating Profit CAGR | 4% | 31% | 0% | 0% |
| PAT CAGR | 30% | 87% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | NA% | NA% | NA% | NA% |
| ROE Average | 15% | 20% | 34% | 34% |
| ROCE Average | 18% | 19% | 18% | 18% |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Shareholder's Funds | 23 | 45 | 61 | 114 |
| Minority's Interest | 0 | 0 | 0 | 0 |
| Borrowings | 5 | 5 | 5 | 6 |
| Other Non-Current Liabilities | 2 | 3 | 3 | 3 |
| Total Current Liabilities | 52 | 42 | 54 | 62 |
| Total Liabilities | 81 | 94 | 124 | 186 |
| Fixed Assets | 6 | 6 | 7 | 14 |
| Other Non-Current Assets | 7 | 13 | 7 | 8 |
| Total Current Assets | 68 | 75 | 107 | 164 |
| Total Assets | 81 | 94 | 124 | 186 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 2 | 1 | 2 | 1 |
| Cash Flow from Operating Activities | -5 | -4 | -5 | -25 |
| Cash Flow from Investing Activities | -8 | -8 | -2 | -9 |
| Cash Flow from Financing Activities | 11 | 14 | 6 | 39 |
| Net Cash Inflow / Outflow | -2 | 2 | -1 | 5 |
| Closing Cash & Cash Equivalent | 1 | 2 | 1 | 6 |
| # | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.03 | 1.27 | 4.21 | 4.49 |
| CEPS(Rs) | 3.28 | 3.02 | 5.77 | 6.01 |
| DPS(Rs) | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 1.32 | 12.23 | 23.74 | 40.72 |
| Core EBITDA Margin(%) | 23.78 | 22.29 | 27.77 | 24.29 |
| EBIT Margin(%) | 16.65 | 16.47 | 24.72 | 20.8 |
| Pre Tax Margin(%) | 8.06 | 7.64 | 19.01 | 16.7 |
| PAT Margin (%) | 3.34 | 4.63 | 11.64 | 11.37 |
| Cash Profit Margin (%) | 10.66 | 11.04 | 15.94 | 15.19 |
| ROA(%) | 2.08 | 2.93 | 9.45 | 8.15 |
| ROE(%) | 78.27 | 19.07 | 24.88 | 14.63 |
| ROCE(%) | 15.02 | 13.71 | 25.22 | 18.23 |
| Receivable days | 153.36 | 173.48 | 195.77 | 261.18 |
| Inventory Days | 202.58 | 190.4 | 127.79 | 130.96 |
| Payable days | 280.47 | 217.96 | 106.36 | 111.87 |
| PER(x) | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.25 | 1.07 | 0.53 | 0.43 |
| EV/Core EBITDA(x) | 4.68 | 4.26 | 1.64 | 1.54 |
| Net Sales Growth(%) | 0 | 11.62 | 58.78 | 22.94 |
| EBIT Growth(%) | 0 | 8.57 | 139.37 | 5.22 |
| PAT Growth(%) | 0 | 51.91 | 300.97 | 22.21 |
| EPS Growth(%) | 0 | 23.03 | 232.59 | 6.63 |
| Debt/Equity(x) | 1.56 | 0.73 | 0.66 | 0.37 |
| Current Ratio(x) | 1.31 | 1.79 | 1.98 | 2.66 |
| Quick Ratio(x) | 0.77 | 1.07 | 1.38 | 1.89 |
| Interest Cover(x) | 1.94 | 1.87 | 4.33 | 5.07 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 |
| # | Jun 2025 | Aug 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|
| Promoter | 44.6 | 44.6 | 44.6 | 44.6 |
| FII | 3.97 | 3.97 | 0.7 | 0.12 |
| DII | 14.05 | 14.05 | 9.18 | 8.74 |
| Public | 37.38 | 37.38 | 45.52 | 46.55 |
| Others | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 |
| # | Jun 2025 | Aug 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|
| Promoter | 1.59 | 1.59 | 1.59 | 1.59 |
| FII | 0.14 | 0.14 | 0.03 | 0 |
| DII | 0.5 | 0.5 | 0.33 | 0.31 |
| Public | 1.33 | 1.33 | 1.62 | 1.66 |
| Others | 0 | 0 | 0 | 0 |
| Total | 3.56 | 3.56 | 3.56 | 3.56 |
* The pros and cons are machine generated.
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