BSE: 544458 · ISIN INE0FMZ01045
SHREE REFRIGERATIONS LIMITED stock analysis
SHREE REFRIGERATIONS LIMITED ranks #523 in the TickerSutra evidence-ranked universe with a score of 63/100 and 87% data confidence. The latest captured fundamentals show ROCE of 13.8%, quarterly sales growth of 116.0% and quarterly profit growth of 343.6%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.17×
- 44.5% three-year sales CAGR
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
- Extreme base-effect growth requires manual validation
- Operating margin has compressed materially
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2021 | ₹10cr | ₹3cr | ₹0cr | 26.0% |
| 2022 | ₹45cr | ₹12cr | ₹3cr | 26.0% |
| 2023 | ₹51cr | ₹12cr | ₹3cr | 25.0% |
| 2024 | ₹80cr | ₹25cr | ₹12cr | 31.0% |
| 2025 | ₹99cr | ₹27cr | ₹13cr | 27.0% |
| 2026 | ₹154cr | ₹33cr | ₹22cr | 21.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Pursuant to the provisions of the SEBI (PIT) Regulations, 2015, we wish to inform you that the Trading Winodw for dealing in the securities of the Company shall remain closed for all Designated ....
RoutineShree Refrigerations Ltd - 544458 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationBSE · 22 Sept 2026In accordance with the provisions of Regulation 30 of SEBI (LODR) Regulations, 2015, we wish to inform you that the Company will be participating in " Virtual Conference by Arihant Capital ....
MANAGEMENT COMMENTARY
Signals from filed documents
during FY25 reflecting India’s growing position in the global defence manufacturing landscape Defence exports also reached a record by 2035 SHIP FLEET SUBMARINES 39 38 ANNUAL REPORT 2025-26 SHREE REFRIGERATIONS LIMITED STATUTORY REPORTS Key Highlights: Defence Sector Growth Drivers The Indian Navy remains one of the key pillars of India’s defence modernisation strategy. India’s ongoing naval expansion plans are expec
As we stand on the threshold of this expansion, the future looks incredibly promising, and we are ready to meet it with the same rigour that has always defined the SRL ethos. Physical expansion reflects our broader approach to backward integration. We are a collaboration- friendly organisation, with a strategic approach to partnerships.
During this time, our employee costs and other expenses remained at the same level. Due to this benefit of operating leverage, our EBITDA margin has increased from 11% in the first half to 26%. With the increased availability of funds from IPO and availability of funds due to recoveries, we have been able to generate higher interest income in the second half.
We’re opening our doors to investors who truly believe that world- class engineering can and should come from right here at home. Total Subscription 187 times Total Applications 3,10,087 Non-Institutional Investors (NII) 197.01 times Fresh Issue Of `94.51 crore Qualified Institutional Buyers (QIB) 167.32 times Offer For Sale Of `22.81 crore Total Retail Investors 195.05 times Issue Price `125 per share 19 CORPORATE O
Return on Capital Employed 12.23 17.43 Mitigation: SRL invests in continuous training, in- house capability building, and knowledge retention to strengthen its specialised talent pool. Internal Control Systems & Their Adequacy SRL has a robust internal control framework designed for thorough financial reporting, operational efficiency, and regulatory compliance. These systems are integrated into the company’s daily w
8 To approve the payment of remuneration paid to the executive Directors in excess of the limits specified under Section 197 and Schedule V of the Companies Act, 2013, for the Financial Year 2025-26: During the Financial Year 2025–26, the Company’s profits, calculated in accordance with Section 198 of the Companies Act, 2013 (“the Act”) were inadequate. Consequently, the remuneration paid to the Executive Directors,
I would not like to elaborate too much on it. But yes, we are we have our eyes open for the export market. My second question is, do we have any plans to increase the operating margin?
General Information: 1 Nature of the Industry The Company Shree Refrigerations Limited, (“SRL”) undertake business of designing, manufacturing, selling, installing and commissioning of refrigeration, HVAC equipment. 2 Date or expected date of commencement of commercial production The Company commenced its commercial operations in 2006 and has been engaged in manufacturing activities since then. 3 In case of new compa
And this is after considering the impact of commodities that you mentioned will impact us? Abhijit Saoji: Deepak ji, the commodity inflation has always been on an arc. And we did consider that before making this kind of guidance figure.
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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