Shree Refrigerations Ltd (544458) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 544458 | NSE: | Engineering - Industrial Equipments | Small Cap

Shree Refrigerations Share Price

211.80 4.10 1.97%
as on 05-Dec'25 13:18

Shree Refrigerations Ltd (544458) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 544458 | NSE: | Engineering - Industrial Equipments | Small Cap

DeciZen - make an informed investing decision on Shree Refrigerations

Based on:

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Shree Refrigerations stock performance -

Key Ratios
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P/E Ratio (SA):
56.94
Market Cap:
740 Cr.
52-wk low:
153
52-wk high:
311.5

Is Shree Refrigerations Ltd an attractive stock to invest in?

1. Is Shree Refrigerations Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shree Refrigerations Ltd is a below average quality company.

2. Is Shree Refrigerations Ltd undervalued or overvalued?

The key valuation ratios of Shree Refrigerations Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Shree Refrigerations Ltd a good buy now?

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.

10 Year X-Ray of Shree Refrigerations:

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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

Value Creation Index Colour Code Guide

Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 15.4%13.9%25.2%18%-
Value Creation
Index
0.10.00.80.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 45.350.680.398.799
Sales YoY Gr.-11.6%58.8%22.9%-
Adj EPS 1.41.54.54.73.7
YoY Gr.-8%204.7%3.6%-
BVPS (₹) 2.913.825.242.166
Adj Net
Profit
2.331113.113
Cash Flow from Ops. -5.1-5.8-5.3-24.9-
Debt/CF from Ops. -6-5.1-6.6-1.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA29.6%22.9%
Adj EPS NANA50.5%3.6%
BVPSNANA142.9%67%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
98.219.514.36.8
Op. Profit
Mgn %
26.824.530.727.5NAN
Net Profit
Mgn %
55.913.813.313.2
Debt to
Equity
1.20.60.60.4-
Working Cap
Days
04853704250
Cash Conv.
Cycle
02282473150

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 29.64%

Net Profit is growing at healthy rate in last 3 years 50.50%

Debt to equity has declined versus last 3 years average to 0.36

Return on Equity has declined versus last 3 years average to 6.80%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Shree Refrigerations Ltd.

Standalone Consolidated
TTM EPS (₹) 3.7 3.5
TTM Sales (₹ Cr.) 98.7 98.7
BVPS (₹.) 66 64.9
Reserves (₹ Cr.) 228 224
P/BV 3.15 3.20
PE 56.94 58.67
From the Market
52 Week Low / High (₹) 153.00 / 311.50
All Time Low / High (₹) 153.00 / 311.50
Market Cap (₹ Cr.) 740
Equity (₹ Cr.) 7.1
Face Value (₹) 2
Industry PE 50.6

Management X-Ray of Shree Refrigerations:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Shree Refrigerations - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios of Shree Refrigerations

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Sales45518099
Operating Expenses 33385672
Manufacturing Costs1123
Material Costs23243948
Employee Cost 55712
Other Costs 4889
Operating Profit 12122527
Operating Profit Margin (%) 26.6%24.5%30.7%27.3%
Other Income 0010
Interest 4454
Depreciation 4444
Exceptional Items 0000
Profit Before Tax 551719
Tax 2266
Profit After Tax 231113
PAT Margin (%) 4.9%6.1%13.7%13.2%
Adjusted EPS (₹)1.41.54.54.6
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 254865118
Share Capital 232456
Reserves 22460113
Minority Interest0000
Debt30293440
Long Term Debt1126
Short Term Debt29273133
Trade Payables18101217
Others Liabilities 971417
Total Liabilities 8294125192

Fixed Assets

Gross Block11131426
Accumulated Depreciation7898
Net Fixed Assets 45518
CWIP 1000
Investments 3111113
Inventories28303247
Trade Receivables21326495
Cash Equivalents 1216
Others Assets 23151112
Total Assets 8294125192

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity -5-6-5-25
PBT 551719
Adjustment 7788
Changes in Working Capital -17-18-31-58
Tax Paid 0016
Cash Flow From Investing Activity -8-8-3-14
Capex -1-1-1-13
Net Investments -2-7-1-2
Others -50-01
Cash Flow From Financing Activity 1115644
Net Proceeds from Shares 0201640
Net Proceeds from Borrowing -1126
Interest Paid -4-4-4-4
Dividend Paid 00-00
Others 16-1-82
Net Cash Flow -22-15

Finance Ratio

PARTICULARSMar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)45.7818.6624.5814.44
ROCE (%)15.4213.8725.1517.98
Asset Turnover Ratio0.620.630.810.7
PAT to CFO Conversion(x)-2.5-2-0.45-1.92
Working Capital Days
Receivable Days153173196261
Inventory Days203190128131
Payable Days280218106112

Shree Refrigerations Ltd Stock News

Shree Refrigerations Ltd FAQs

The current trading price of Shree Refrigerations on 05-Dec-2025 13:18 is ₹211.8.
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 04-Dec-2025 the market cap of Shree Refrigerations stood at ₹740.0.
The latest P/E ratio of Shree Refrigerations as of 04-Dec-2025 is 56.94.
The latest P/B ratio of Shree Refrigerations as of 04-Dec-2025 is 3.15.
The 52-week high of Shree Refrigerations is ₹311.5 and the 52-week low is ₹153.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shree Refrigerations is ₹98.73 ( Cr.) .

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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