Shree Refrigerations Limited

Shree Refrigerations Limited

BBSE:SHREEREF
336.10
INR
-4.30
(-1.26%)
6.16BMarket Cap
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
12.75
14.19
22.54
27.68
46.37
- -
Basic EPS, GAAP
0.48
0.72
3.24
3.54
6.5
- -
Free Cash Flow per Basic Share
-1.81
-1.43
-1.85
-9.2
-3.19
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
6.36
12.69
17.04
32.08
60.58
60.58
Tangible Book Value per Share
6.12
12.46
16.91
31.99
60.48
60.48
Basic Weighted Avg Shares
36
36
36
36
33
36
Sales/Revenue/Turnover
453
506
803
986
1,535
- -
Operating Margin (%)
18.59
17.46
26.29
23.28
17.81
- -
Depreciation Expense
5
8
8
13
28
- -
Net Income, GAAP
17
26
115
126
215
- -
Effective Tax Rate (%)
58.5
39.43
31.79
31.91
13.85
- -
Profit Margin (%)
3.74
5.09
14.36
12.79
14.03
- -
Working Capital
161
330
526
1,023
1,692
1,692
LT Debt
56
54
75
88
39
39
Total Equity
226
452
607
1,143
2,159
2,159
Return on Invested Capital (%)
- -
7.7
15.39
11.52
11.32
- -
Return on Capital (%)
- -
7.64
16.25
11.8
11.54
- -
Return on Common Equity (%)
- -
7.59
21.77
14.41
13.04
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
361
215
336
LT Borrowings
88
27
39
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
36
36
36
Market Capitalization
- -
8,929
6,155

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
1,610
2,044
2,432
Cash, Cash Equivalents & STI
94
671
628
Accounts Receivable, Net
952
643
1,054
Inventories
474
496
548
Total Current Liabilities
587
331
740
Payables & Accruals
- -
- -
- -
ST Debt
361
215
336
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
88.85%
Free Cash Flow
- -
- -
-67.76%
Net Income, GAAP
- -
- -
70.71%
Sales/Revenue/Turnover
- -
- -
55.66%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
803
2025
- -
- -
986
2026
- -
- -
1,535

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
3.24
2025
- -
- -
3.54
2026
- -
- -
6.5

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Abhijeet Govind Saoji
Full Time Employees
152
Sector
Producer manufacturing
Industry
Industrial machinery
Address
Karad India
IPO Date
Jul 31, 2025
Business
Shree Refrigerations Limited is an India-based industrial engineering and manufacturing company primarily engaged in the design, fabrication, and supply of industrial refrigeration systems, heat transfer equipment, and process cooling solutions. Founded in 1991 and headquartered in Karad, Maharashtra, India, the company operates within the capital goods and industrial machinery sector, serving both domestic and regional industrial markets. The company's extensive product and service portfolio comprises industrial refrigeration equipment, including screw and reciprocating chiller packages, ammonia and fluorocarbon refrigeration plants, process liquid chillers, and modular cold room systems; heat transfer equipment, including shell-and-tube heat exchangers, atmospheric condensers, evaporative condensers, plate type heat exchangers, and air-cooled heat exchangers; air handling and HVAC systems, consisting of industrial air handling units, fan coil units, cooling coils, and air washer systems; pressure vessels and refrigerant storage equipment, including liquid receivers, surge drums, oil separators, and accumulator vessels; and engineering and aftermarket services, encompassing plant design, system integration, piping and mechanical erection, testing, commissioning, retrofitting, and annual maintenance contracting. Shree Refrigerations Limited caters to a diverse range of end-user industries, including food and beverage processing, dairy, pharmaceuticals, chemicals, agro-processing, cold chain logistics, breweries, and heavy engineering applications. In recent developments, Shree Refrigerations Limited has undertaken operational modernizations and strategic initiatives to expand its market presence and address growing demand in the cold chain infrastructure and process refrigeration sectors. The company has expanded its product offerings to include energy-efficient and eco-friendly cooling systems designed for low-global-warming-potential and natural refrigerants, meeting heightened environmental and energy conservation standards. Operationally, the company has upgraded its manufacturing and fabrication infrastructure in Maharashtra, incorporating enhanced tooling and precision testing mechanisms to boost throughput and quality compliance for heavy industrial applications. Additionally, Shree Refrigerations Limited has broadened its strategic focus toward comprehensive turnkey engineering, procurement, and construction solutions, strengthening its vendor alliances and securing project contracts for customized refrigeration installations across commercial cold storage facilities, pharmaceutical production plants, and dairy cooperative processing units.