Shree Refrigerations
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Key Fundamentals
SMEIndustrial ManufacturingCapital GoodsPrice-based figures at the close · TTM
- ROCE
- 13.80%
- Debt to Equity
- 0.17
- EPS (TTM)
- —
- Book Value
- ₹60.31
- Market Cap
- —
- P/E (TTM)
- —
- P/B
- 5.10
- ROE
- 13.00%
- Dividend Yield
- 0.00%
- EBITDA
- ₹34.30 Cr
- 52W High
- ₹438.95
- 52W Low
- ₹161.00
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 84/100
Category scores
- Quality
- 48
- Average
- Returns, margins, earnings quality 22% weight
- Valuation
- 33
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 94
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 76
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 61
- Good
- Trend strength, vol-adjusted 12% weight
- Ownership
- 26
- Poor
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Company has delivered good profit growth of 136% CAGR over last 5 years
Weaknesses
3- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has high debtors of 251 days.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 10 | 5 | 4 |
| Oscillators | Neutral | 2 | 5 | 2 |
| Moving Averages | Strong Bearish | 8 | 0 | 2 |
Oscillators
Neutral
Overall
Strong Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 37.28
- Neutral
- MACD (12,26,9)
- −20.09
- Bearish
- SMA (50)
- 374.19
- Bearish
- SMA (200)
- 283.45
- Bullish
As of
Growth Rate
From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.
Revenue
| 5Y | +72.78% |
|---|---|
| 3Y | +44.54% |
| 1Y | +55.56% |
Net profit
| 5Y | Zero base |
|---|---|
| 3Y | +94.28% |
| 1Y | +69.23% |
Operating cash flow
| 5Y | Turned positive |
|---|---|
| 3Y | Turned positive |
| 1Y | Turned positive |
Operating margin· change in pp
| 5Y | −8.57 pp |
|---|---|
| 3Y | −2.10 pp |
| 1Y | −5.84 pp |
Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.
Revenue by year
| Mar 2021 | ₹10.00 Cr |
|---|---|
| Mar 2022 | ₹45.00 Cr |
| Mar 2023 | ₹51.00 Cr |
| Mar 2024 | ₹80.00 Cr |
| Mar 2025 | ₹99.00 Cr |
| Mar 2026 | ₹154 Cr |
Net profit by year
| Mar 2021 | ₹0.00 Cr |
|---|---|
| Mar 2022 | ₹3.00 Cr |
| Mar 2023 | ₹3.00 Cr |
| Mar 2024 | ₹12.00 Cr |
| Mar 2025 | ₹13.00 Cr |
| Mar 2026 | ₹22.00 Cr |
Half-yearly Results
₹ Cr| Particulars | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 51 | 48 | 50 | 103 |
| Expenses | 36 | 36 | 45 | 76 |
| Operating Profit | 15 | 12 | 6 | 27 |
| OPM % | 30% | 24% | 11% | 26% |
| Other Income | 0 | 0 | 0 | 1 |
| Interest | 3 | 2 | 2 | 1 |
| Depreciation | 2 | 2 | 3 | 3 |
| PBT | 11 | 7 | 1 | 24 |
| Tax % | 27% | 40% | −44% | 16% |
| Net Profit | 8 | 4 | 2 | 20 |
| EPS (₹) | — | 1.6 | 0.44 | 5.6 |
Profit & Loss
₹ Cr| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 10 | 45 | 51 | 80 | 99 | 154 |
| Expenses | 8 | 33 | 38 | 55 | 72 | 121 |
| Operating Profit | 3 | 12 | 12 | 25 | 27 | 33 |
| OPM % | 26% | 26% | 25% | 31% | 27% | 21% |
| Other Income | 0 | 0 | 0 | 1 | 0 | 2 |
| Interest | 3 | 4 | 5 | 5 | 5 | 4 |
| Depreciation | 0 | 4 | 4 | 4 | 4 | 6 |
| PBT | 0 | 4 | 4 | 17 | 19 | 25 |
| Tax % | 58% | 27% | 40% | 32% | 32% | 14% |
| Net Profit | 0 | 3 | 3 | 12 | 13 | 22 |
| EPS (₹) | — | — | — | — | 4.49 | 6.04 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
₹ Cr| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 4 | 5 | 6 | 7 |
| Reserves | −2 | 1 | 21 | 56 | 109 | 209 |
| Borrowings | 39 | 54 | 53 | 38 | 45 | 37 |
| Other Liabilities | 14 | 23 | 16 | 25 | 24 | 41 |
| Total Liabilities | 54 | 81 | 94 | 124 | 183 | 294 |
| Fixed Assets | 5 | 6 | 12 | 12 | 18 | 22 |
| CWIP | 1 | 1 | 0 | 0 | 0 | 18 |
| Investments | 0 | 0 | 4 | 4 | 7 | 15 |
| Other Assets | 48 | 75 | 79 | 107 | 158 | 239 |
| Total Assets | 54 | 81 | 94 | 124 | 183 | 294 |
Cash Flow
₹ Cr| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | −9 | — | −4 | −5 | −25 | 14 |
| Investing | −6 | — | −8 | −2 | −9 | −31 |
| Financing | 14 | — | 14 | 6 | 39 | 69 |
| Net Cash Flow | 0 | — | 2 | −1 | 5 | 52 |
| Free Cash Flow | −9 | — | −5 | −7 | −33 | −11 |
| CFO/EBITDA | −315 | — | −36 | −16 | −70 | 59 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 95 | 172 | 228 | 289 | 352 | 251 |
| Inventory Days | 2,821 | 429 | 464 | 299 | 361 | 249 |
| Days Payable | 809 | 186 | 158 | 115 | 130 | 123 |
| Cash Conversion Cycle | 2,106 | 414 | 534 | 474 | 583 | 377 |
| Working Capital Days | 666 | 170 | 208 | 222 | 343 | 253 |
| ROCE % | — | 17% | 13% | 25% | 18% | 14% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Shree Refrigerations insights
64 extracted metrics across FY21–FY26.
Documents
- Concall · Aug 2026PPT
- Concall · Jun 2026Transcript PPT Recording
- Concall · May 2026PPT
- Concall · Nov 2025PPT
- Concall · Nov 2025Transcript PPT Recording
- 25 May 2026
- 15 Sep 2026
- 18 Dec 2025
- 25 Mar 2025
- General announcements 3 Nov 2026
- General announcements 29 Oct 2026
Frequently Asked Questions about Shree Refrigerations
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Company Information
Incorporated in 2006, Shree Refrigerations Ltd is a defence-focused manufacturer of advanced refrigeration and HVAC systems.
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