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Shree Refrigerations Ltd (544458)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544458 NSE: Engineering - Industrial Equipments | Small Cap | Shree Refrigerations Share Price
₹400.70 -8.70 (-2.13%)
As on 29-Sep'26 16:59
Shree Refrigerations Ltd (544458)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544458 NSE: Engineering - Industrial Equipments | Small Cap | Shree Refrigerations Share Price
₹400.70 -8.70 (-2.13%)
As on 29-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹1,434 Cr.
Current Price
₹400.7
52-Week Low / High
₹161 / 439
TTM EPS
₹6
TTM Sales
₹154 Cr.
Book Value per Share
₹60.3
P/E Ratio
66.61
Higher than its 5-year historical median
Industry PE
59
Price to Book (P/B)
6.64
Higher than its 5-year historical median
Price to Sales (P/S)
9.34
Higher than its 5-year historical median
EV/EBITDA
41.21
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
13.04%
In line with industry median
Return on Capital Employed (ROCE)
13.83%
Underperforms industry median
Return on Assets (ROA)
9.04%
Operating Profit Margin
21.6%
Net Profit Margin
14.02%
Gross Profit Margin
17.9%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
55.53%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
21.74%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
70.74%
Asset Quality
Promoter Holding
44.60%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹209 Cr.
Equity
₹7.2 Cr.
Face Value
₹2
All Time Low / High
₹153.00 / 438.95
Check Before You Invest
Quality
Not GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Weak
Is Shree Refrigerations Ltd a good quality company?
Shree Refrigerations Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Shree Refrigerations Ltd performance compare with that of its Peers?
Revenue growth of Shree Refrigerations Ltd vs industry peers?
Shree Refrigerations Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0.00%, indicating stable growth and maintaining its market share.
Promoter shareholding and pledge status of Shree Refrigerations Ltd?
Promoters hold 44.60% of the Shree Refrigerations Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Shree Refrigerations Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 56.61% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Shree Refrigerations Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 15.4% | 13.9% | 25.2% | 17.7% | 13.5% | - |
| Value Creation Index ⓘ | 0.1 | 0.0 | 0.8 | 0.3 | 0.0 | - |
Growth Parameters ⓘ |
||||||
| Sales ⓘ | 45.3 | 50.6 | 80.3 | 98.7 | 154 | 154 |
| Sales YoY Gr. | - | 11.6% | 58.8% | 22.9% | 55.5% | - |
| Adj EPS ⓘ | 1.4 | 1.5 | 4.5 | 4.7 | 6.1 | 6 |
| YoY Gr. | - | 8% | 204.7% | 4% | 29.2% | - |
| BVPS (₹) ⓘ | 2.9 | 13.8 | 25.2 | 42.1 | 61.6 | 61.4 |
| Adj Net Profit ⓘ | 2.3 | 3 | 11 | 13.2 | 21.6 | 21 |
| Cash Flow from Ops. ⓘ | -5.1 | -5.8 | -5.3 | -24.9 | 13.9 | - |
| Debt/CF from Ops. ⓘ | -6 | -5.1 | -6.6 | -1.9 | 2.9 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 44.8% | 55.5% | ||||
| Adj EPS ⓘ | NA | NA | 60% | 29.2% | ||||
| BVPSⓘ | NA | NA | 64.8% | 46.4% | ||||
| Share Price | - | - | - | 59.9% | ||||
Key Financial Parameters ⓘ
| Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 9 | 8.2 | 19.5 | 14.4 | 12.8 | 9.7 |
| Op. Profit Mgn % ⓘ | 26.8 | 24.5 | 30.7 | 27.6 | 21.6 | NAN |
| Net Profit Mgn % ⓘ | 5 | 5.9 | 13.8 | 13.3 | 14.1 | 13.9 |
| Debt to Equity ⓘ | 1.2 | 0.6 | 0.6 | 0.4 | 0.2 | - |
| Working Cap Days ⓘ | 0 | 485 | 370 | 421 | 353 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 228 | 247 | 316 | 253 | 0 |
Valuation of Shree Refrigerations - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|
| Sales | 45 | 51 | 80 | 99 | 154 |
| Operating Expenses ⓘ + | 33 | 38 | 56 | 72 | 121 |
| Operating Profit ⓘ | 12 | 12 | 25 | 27 | 33 |
| Operating Profit Margin (%) | 26.6% | 24.5% | 30.7% | 27.3% | 21.4% |
| Other Income ⓘ + | 0 | 0 | 1 | 0 | 2 |
| Interest ⓘ | 4 | 5 | 5 | 5 | 4 |
| Depreciation ⓘ | 4 | 4 | 4 | 4 | 6 |
| Profit Before Tax ⓘ | 4 | 4 | 17 | 19 | 25 |
| Tax ⓘ | 2 | 2 | 7 | 6 | 3 |
| Profit After Tax | 2 | 3 | 10 | 13 | 22 |
| PAT Margin (%) | 3.7% | 5.1% | 12.9% | 12.8% | 14.0% |
| Adjusted EPS (₹) | 1.0 | 1.3 | 4.2 | 4.5 | 6.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 23 | 45 | 61 | 114 | 216 | ||||||
| Debt + | 34 | 32 | 37 | 42 | 36 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | ||||||
| Trade Payables | 18 | 10 | 12 | 17 | 27 | ||||||
| Others Liabilities ⓘ | 7 | 7 | 14 | 9 | 15 | ||||||
| Total Liabilities ⓘ | 81 | 94 | 124 | 183 | 294 | ||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 6 | 6 | 7 | 14 | 18 | ||||||
| CWIP ⓘ | 1 | 0 | 0 | 0 | 18 | ||||||
| Investments ⓘ | 2 | 9 | 10 | 12 | 19 | ||||||
| Inventories | 28 | 30 | 32 | 47 | 55 | ||||||
| Trade Receivables | 21 | 32 | 64 | 95 | 105 | ||||||
| Cash Equivalents | 1 | 2 | 1 | 6 | 58 | ||||||
| Others Assets ⓘ | 23 | 15 | 11 | 9 | 21 | ||||||
| Total Assets ⓘ | 81 | 94 | 124 | 183 | 294 | ||||||
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -5 | -4 | -5 | -25 | 14 |
| Cash Flow From Investing Activity ⓘ + | -8 | -8 | -2 | -9 | -31 |
| Cash Flow From Financing Activity ⓘ + | 11 | 14 | 6 | 39 | 69 |
| Net Cash Flow ⓘ | -2 | 2 | -1 | 5 | 52 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 78.27 | 19.07 | 24.88 | 14.63 | 13.04 | |||||
| ROCE (%) | 15.02 | 13.71 | 25.22 | 18.05 | 13.83 | |||||
| Asset Turnover Ratio | 0.62 | 0.63 | 0.81 | 0.72 | 0.72 | |||||
| PAT to CFO Conversion(x) | -2.5 | -1.33 | -0.5 | -1.92 | 0.64 | |||||
| Working Capital Days | ||||||||||
| Receivable Days | 153.40 | 173.50 | 195.80 | 261.10 | 212.70 | |||||
| Inventory Days | 202.60 | 190.40 | 127.80 | 131 | 108.40 | |||||
| Payable Days | 280.50 | 218 | 106.40 | 111.80 | 100.20 | |||||
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Shree Refrigerations Ltd FAQs
The current trading price of Shree Refrigerations on 29-Sep-2026 16:59 is ₹400.7.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Sep-2026 the market cap of Shree Refrigerations stood at ₹1,434.4 Cr
The latest P/E ratio of Shree Refrigerations as of 28-Sep-2026 is 67.02.
The latest P/B ratio of Shree Refrigerations as of 28-Sep-2026 is 6.53.
The 52-week high of Shree Refrigerations is ₹438.9 and the 52-week low is ₹161.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shree Refrigerations is ₹154 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shree Refrigerations Ltd is a below average quality company.
The key valuation ratios of Shree Refrigerations Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shree Refrigerations Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Shree Refrigerations Ltd
Shree Refrigerations Limited was originally incorporated as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation issued by the Registrar of Companies, Pune, Maharashtra dated April 24, 2006, with the name ‘Shree Refrigerations’. Subsequently, the company was converted into a public limited company vide special resolution passed by the shareholders at the Extra Ordinary General Meeting held on May 23, 2023, and the name of the company was changed from ‘Shree Refrigerations Private Limited’ to ‘Shree Refrigerations Limited’. A fresh Certificate of Incorporation was granted to the company consequent upon conversion into public limited company dated December 5, 2023, by the Registrar of Companies, Pune, Maharashtra, at present, the registered office of the company is situated at Karad, Maharashtra.
The company is engaged in the business of manufacturing chillers, refrigeration and air conditioning appliances and other parts of Heating, Ventilation, Air Conditioning (HVAC) Industry, offering array of advanced systems and equipment to industries majorly in domestic market. Its collection of products serves multiple industries including Automotive, Marine, Print Media, Chemical, Pharma and General engineering sectors. It is also actively involved in the manufacturing of marine chillers, having approved supplier registrations from various professional directorates of Indian Navy (Directorate of Electrical Engineering and backed by Directorate of Quality Assurance - Warship Projects).
In the automotive industry, its products help to maintaining optimal temperature control in various systems. In the marine sector, they ensure crew comfort and operational efficiency on ships and marines and also support maintaining the electronic warfare systems to be at optimal operating temperature. Its systems also play a vital role in maintaining environmental conditions in the print media, chemical, and pharmaceutical industries, where temperature regulation is crucial for product quality, safety.
Its product range includes Chillers, Test Equipment, Marine HVAC & R Systems, and Printing Chillers, among others. It also provides value-added fabrication services, offering customized solutions to the engineering industry. Its team works closely with clients to develop engineered components that meet the quality standards.
Business area of the company
The company is engaged in the manufacturing of multi-product refrigeration and air-conditioning appliances and testing equipment for the refrigeration and air-conditioning industry.
Products of the company
- Chilled Water Plant (Sea Water Cooled AC plant)
- Chilled Water Plant (Air Cooled AC plant)
History and milestones
- 2006: Incorporation of Company.
- 2023: Alteration of Name clause of Memorandum of Association and subsequently the company was converted from Private Limited Company into Public Company.
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